a.  Terms/ rights attached to equity shares
 
 The company has only one class of equity shares having a face value of
 Rs. 10 per share. Each holder of equity share is entitled to one vote
 per share. The dividends recommended by the Board of Directors if any,
 are subject to the approval of the shareholders in the ensuing Annual
 General Meeting.In the event of liquidation of the Company, the equity
 share holders are entitled to receive the remaining assets of the
 Company after distribution of all preferential claims, in proportion to
 the number of shares held.
 
 1. Other disclosures
 
 1.1.  The accounts have been prepared on ‘going concern basis''
 despite complete erosion of net worth and uncertainly associated with
 the operations of the company.
 
 1.2.  Contingent Liabilities not provided for in respect of:
 Particulars As at 31 March 2012 As at 31 March 2011
 
 i) Bank Guarantees issued by Bankers 11,20,000 11,20,000
 
 ii) A claim made by a Civil Contractor at Baroda, , as the matter is
 pending in Civil Court.  1,11,00,000 1,11,00,000
 
 iii) Claims made by dealers/distributors not acknowledged by the
 Company 5,94,315 5,94,315
 
 1.3.  Interest accrued and due on trade deposits
 
 In view of the Company''s adverse financial position, interest payable
 to various distributors and dealers on their deposits would be
 negotiated with them for waiver. Hence, no provision is made for
 interest for the current year amounting to Rs.6,41,221/-(Previous year:
 Rs.6,46,801/-) and interest for earlier years amounting to
 Rs.65,24,034/. Had the interest provision been made, the profit for the
 current year would have been less by Rs.6,41,221/- and current
 liabilities would have been more by Rs.71,65,255/-.
 
 1.4.  Claims receivable (included under other current assets)
 
 During the year, the Company has recognized Rs.4,18,024 (previous year:
 Rs 5,34,886) as income, which is the minimum commitment charges and the
 operational loss in respect of Aurangabad bottling plant, collectible
 from the operating Agent.
 
 1.5.  Current tax
 
 Despite of book profits during the year, no tax liability arises in
 view of the accumulated losses and unabsorbed depreciation of earlier
 years.
 
 1.6.  Additional information
 
 a.  Value of imports calculated on C.I.F basis during the financial
 year:
 
 The Company has no imports for the current financial year and the
 previous year.
 
 b.  Expenditure in foreign currency during the financial year on
 account of:
 
 The Company has no expenditure in foreign currency for the''current
 financial year and the previous year.
 
 c.  Earnings in foreign exchange:
 
 The Company has no earnings in foreign exchange for the current
 financial year and the previous year.
 
 d.  The value of consumption of imported and indigenously obtained raw
 materials, stores and spare parts and the percentage of each to the
 total consumption:
 
 1.7.  Disclosures in accordance with the requirements of Accounting
 andards
 
 a.  Segment Reporting
 
 The Company operates only in one business segment namely, sale of gas
 and hence the requirements of AS - 17 are not applicable.
 
 b.  Related Party Disclosures '' ''
 
 The Related party disclosures as required by AS - 18 are given below:
 
 ''Director''s remuneration as approved in the earlier Annual General
 Meeting effective from 01.08.2009 @ Rs.25,000/- RM. amounting to Rs.
 17,50,000/- upto 31st March, 2012 (previous year Rs.14,50,000/-) is not
 provided for in the books, pending approval from the Central
 Government:
 
 d.  Taxes on income
 
 In view of substantial unabsorbed depreciation and the uncertainty
 associated with the operations Of the Company, it is considered
 appropriate not to provide for deferred tax asset of Rs. 4.82 crqres
 (Previous Year: Rs. 5.13 crores), in accordance with Accounting
 Standard — 22, ‘Accounting for taxes on income''.
 
 1.8.  Previous Year''s figures
 
 Previous Year''s figures have been reclassified, wherever necessary so
 as to confirm with the requirements of the Revised Schedule VI to the
 Companies Act, 1956.