/ RIGA SUGARCO. LTD. Regd. Office: 14, Nets Subhas Road, Kokate -700.004 An 's0s001:2008 z 180 14001-2004 Organisation UNAUEITED ANANGAL RESULTS ron. PART | THE QUARTER ENDED 30TH JUNE, 2014 Fis intaes Patina © wos Vest aoe sie | “ainaabi | anesa019 | ateaaor LL (Uroudited) | — jAusited) —| —(Unawauea) —| — pauetted 1 pean fom Operators | ta) Net Sates score tom operations I Netaterese ) aezesn| 228310 496361] 16.086:30 (©) OM" Oparating income soa 3721 51.70 20067 | Total Income fram spsratione (ret), sosses| 200031 coisa} 1624997 2 Fagensos (Coa of materials consunes sosz39| 1072416 smasa]—1s6r60 Purchase o sock n race 4 ‘Changes in ventory of fishes goods, ‘workin progress an siock in trad vases] 258746) 3.989 41 cassssa) @) Employees benefis expenses 9815 70008 eet 139859 (e) Deprecaton & amorisatn expanses 8028 13688 143.00 sorte () Otter Expenses zroos| +. 10082 308.89 zona Tota Expenses 349350 17388 4015.05] 1624600 a rch (Loss) rm eparaten petere omner income Franca cest & exceptional tems (1-2) weae) 220642 60.28 00907 4 er weore an i790 om 404 5 Froit Las) Hom arnary ett finance cost and exceptional ams (+4) voce) 22442 7888 1.088.17 8 Finance Cost 201.88 aH a0 191029 7 Prot (Loss rom oranaryactties ater finance cet but hotre axceptonal lems (5-0) erg0] 1935.90 (220.19) e2i8] 6 xcotiona tans _ s Fro (Loss) ram edinary activites etre ta (748) @is6} 1.93390 (es.10] e7a18 10 Texoxpancoe leat) = 2ar0 za70 " ‘Net Prat Loe) hem antinary actin: alr tax 9-10) ere] 131020 (298.10) (235 38) ia Edi ordinary tame (Nelo ox expenses) 13 Netprof L688) fe the pened (11-12) et95] 1.81020 reson] 229520] 14 Palg-up Eauly Share Capita (Pa 10 per Sore 109898] 1068.34 on ge 1,068.34 5 Resereaxclisng Revaluation Rasonve : eon (AsperBalance Stoet) 6 Earning Per Share (EPS). asic € Oiites (2) Before extaerinary vers 1.99] 1195 (298) Go) (b) ter Cw¥anrinary tems (1909 4188 (208 @-0)ae A PARTICULAR OF SHAREHOLEING yf: Pudi Shateholing ool Shares ssacer | a.s50.c07 socooer| — asen.c2r % of Sromtdng saa ws2e] gag 7806 2 Framers & rameter grup sherenoiang (0) Pelgewtnainceree Naber! Saves ; : Sof Stes (29 9% 0! atta share reg of aan &romcter grup) Sof Stare (ae ot he tel share ‘apialot ne company (©) New ancunbored- ‘umber of Shares oasssre| 6460378 sereare| — aasaave Sof Shares (363 tft ol sh “pl ot premler promote os) ‘oc.c0 ‘00 10000 ‘00.09 ‘sof Shares (48% the tone api athe oman) stoi aos mer S101 [2 WESTORCONRLaTS Penvg a ueonprg dt he sar essed en rena uescue st teendete que Suan erin of Sout Wise Revenue, Segui ane Cantal Eanved Aereanent Arcam Re ntsc) Eaten —SmaAE at.os.204 | s0az014 | —i0e20%9 | arene | Unaudited | (Ausitos) “| unaudited) | — audited Previous Year + Segmeni Rovenus ot Sales] a Suyar unt Less: nler-Seqmert Revenua Not sales /incems fon Operation 2. Segment Rosute Profi Lass) Deere taeang ance cas! Fom each segmant 2. Sager Unit , Dstlery Unit Tota Less Finance eos: | Other unatorable wxpon -diure net of unatacade income Tos Prost Loss) beter tx 8. Caphat employed 2 Suear un ».Dicilogy Unit © Unalacabie Josa! 20a] 1,283.18 senee see] ___ovesa}___ isa sezuea)— aasat 4363.91 ——ame6| 22s 963.51 2800] 402757 (214.26) aire aur] san ay 17962| 244.30 75.98 361.50 31042 art08 arf 1a3391 (205.11) erase] 44,198.65 sazia11 7085.10] Geouar 0733.08 31846 1848 31388 262320 | 2,016.73 | 12.316.39 as 1.088.309 16.086 39 22586 82045 966.11 131820 72.19) 14,199.68, 6 500.47 19.46 259.00 1879NOTES (1) Sugar being @ seasonal industry, the performance of the company varies from quarter to quarter, (2) There has been surplus production and stock of sugar in the country for last 3 years and inspite of that import of raw and white sugar at lower import duty of 10% (now 18%) were ellowed. Although the government have decided to increase the import duty to 40%, but Patifcation is yet to come, The raw sugar import under Advance License, exportable within 18 montis, has so far has touched 30 Lac atl The sugar made out of said raw suger is being dumped in domestic market. Thus export obligation of raw sugar import under advance license should be reduced to 3 months. (3) The government has also not so far notified the announced further soft term loan to the suger factories equivalent to two years excise duty payable on sugar, the same will ke ullized fer clearance of cane price artears of fermer, Due to losses Cane price arrears are Mounting. (4) The Linkage of Cane Price with cugar price realization is yet to be implemented as per recommendation of Rangrajan Committee (8) Consequent to applicebilty of the relevant provisions of the Companies Aci, 2013 weet. 1" Agill, 2014, depreciation for the quarter ended 30.06.2014 has been calculated on tho Temaining useful Ife ofthe fixed assets as per the requirement of the schedule II cf the sald Aol In respect of those fixed assets where the remaining useful life as per said schedule Ils nil, the carrying amount thereof has been agjusied with the retained earning (6) Previous periods figures have been reerangedtegroupedirecasted wherever necessary (6) The above results were reviewed by Audit Committee on 11" August, 2014 and approved by the Board of Directors of the Company at their meeting held on 12" August, 28 For and on behalf of the Board CES My ad Place : Kolkata O.P.OHANUKA Dated 12.08.2014 CHAIRMAN & MANAGING DIRECTOR,aie ee ee ee CHARTERED ACCOUNTANTS FAX: 91-033-22873756 KOLKATA o NEW DELI E-mail: kng kol@vsninet 6C, MIDDLETON STREET FUAT NO.23 2 FLOOR) KOLKATA-700071 LIMITED REVIEW REPORT To, ‘The Board of Directors Riga Sugar Co. Lt We have reviewed the accompanying statement of unaudited financial results of RIGA SUGAR COMPANY LIMITED, 14, Netaji Subhas Road, Kolkata-700 001 for the quarter ended 30" June, 2014 except for the disclosures regarding ‘Public Shareholding’ and ‘Promoter and Promoter Group Shareholding’ which have been traced from disclosures made by the management and have not been audited by us, This statement is the responsibility of the Company's Management and has been approved by the Board of Directors on 12" August, 2014. Our responsiblity is to issue 2 report on these financial statements based on our review. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Review of Interim Financial information performed by the independent Auditor of the entity issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquires of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an aucit opinion, Based on our review, conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in eccordence with applicable accounting standards and other recognized accounting practices and policies has nat disclosed the information required to be disclosed in terms of Clause 41 of the Listing [Agreement including the manner in which it is to be disclosed, or that it contains any material misstatement. 8C, Mideleton Street For KIN. GUTGUTIA & CO. Kolketa-700 071 CHARTERED ACCOUNTANTS JCA Firm Registration No. 304153 Dated: 12.08.2014 Srtnnonh (CA, SUBHASISH PORE) PARTNER Membership No, 55862 yh