RIGA SUGAR CO. LTD. ego Ofice: 4, Nels Subhas Rasd, Kaleta-700 001 a SO B0OK:20e & 180 1ACCL:B004 ‘Opyenietion PART THE QUARTER ENDED 30TH JUNE, 2246 Ris. In Lacs 3 montis Previous Year soxpaaors | sioaa0is | sopezo | —9109.2008 Waausited)| (awatee) | (Unaudited) | (audited) 7 ear Fam Oparsione (9) Net Sates income tom anerations [Netol exces} 44soce| 556012] gaagea} — taas07 o) Omer Operating cans 4525] «ras 4030 15189 Tol income trom operations (et) asasaa| sore) —secne0] — toartas ©) Cost et matenae consumed sop7a| 93672] 58200] — taorae0 [chargas sven at fosbed goods, ‘nok progress and stock rade 921723] (s01613) 1.26865 oreo ()Empoyaos venelts exponses v4] 7esae| 9618] 1801.22 1) Deareiaton & amcrsaton expenses woo 2s] 421-78 02 2336.01 \Giner Expenses asm] 20049] a7g06 | 225.00 ‘oul Exponees arias] saia28] 5499.50] re40448 a Pott Loss tom operation before oer income (nance ost & exeaptnal tems [1-2 ceca) aos] s7e.40 14708 Bi ‘har ream 628 o7 313 1340 : Prt (ose Femara aces lore Foance cost and oxesptons fms (+4) tise7] s49008) rra6e e554 Finance Cost aoa] weer] songs) aeoras 7 Prot (Loss) tom oranary avis ater Nance cost bs Bebe exceponal tems 5-8) (eos0q] 75547] arse] 441.82} ‘ Prot Loss) om ainay actos afer a (748), (eosoq] 5847] art.o] cen. 93 10 Tan expenses (cea) + | qoteal - aor] " Net Prot (88) om orinay acti ater ax (10) (eos0)] t1s723] —arnm] (404010 2 src ams (Nal fax expenses) : : - : 3 Net gros (Lass fr the pena (3-12) Goao9] 45723] aries] (s4010] 14 Padus Eauty Shae Capes! (101 gor Stare} toes] 1054s¢} toss] 068.34 ry Reserve excladng Revaluslon Reserve 2 (@5020] 18 oer Bnaree Shox {Canng Par Shaw (EPS) Base & Dites Belo Entaaranay tems en] oer 90) on} 2) Alle Enaorinay tens sen] soar 39) (e7|| A PARTICULAR OF SHAREHOLOING 1 Public Sharehoiing No.of snares 4sso077| 4150027 | 4.160027] 4.190.027 of Sharehaling 38.00 sas] sa00 39.99 2 Promoters & Promote group shareholding (0) Peagosteneumberes ‘umber of Sharas * Sor Shares (2 2% ofthe total share “holding of prometer & promoter group) ‘ = : of Shares (as % of he foal share | aptal of te company) : : | Non encumber | Numba of Shares e4s3s78| sasasrs| s4saa78| 6.499.378 Joo) Shoe (as 3 Se of te ttl share halting el pramais & promoter grave) 0000] 100.00 100.00 100.00 ‘of Shares (365 of he total ha eof he eames) stot] ator stot e101 B_NVESIOR CONPLANTE Employed Aare nt (Rs in Lac) mane Provious Year 36.08.2016 | 31.08.2018 | so0bz0Ia | 9i0o2016 (Wnausites)|(Ausited) [ (Unaudited) | (Audited) 7 Segment Revenue Nat Sales) Sugar Unt area2t| s1ee8) 2s0871| ts1205 b Distitay Unit —ses.a| 1965.14] 1.12508] __4.647.62 Total 4490.00| 686012| ae2n80| 18.45067 | Less inter-Segnert Revenue ~ - : Net ames Income trom Operation 49009) _6500.12|__sezaas| _is4so.67 2. Segment Results Priory Loss veto tx ana finance cost fom each segment ‘2, Sugar Unt 5046] 42276] zany] (1,720.9) » Distilry Unit seos7| 767.05 ]___s17.70| __ 1.59537 ‘ota! (asa77| 4.10008 | 17962 185.54 Loss: Finance cst 4saz7| sa4s2| sata] 160748 1 Other unalacable expen ~btue ne oF unatioeane income 2 E é Tata Prat (Loss) before tax (03.09) 75847] atts (14.93 3. Capital Employed (Seament Ascest- Segment Lables) 4 Sugar Unt rzoaass| 1266881] i2a7aza| 1260861 » Dairy Unit gezzor| ooaas1| 708510| —gou9.a1 Unaoeable 72126] 72128] ___ 1048 2128 t Total 2230.01 |" 2240720| 20 ge5.0 | 2242720NOTES (1) Sugar being a seasonal industry, the performance of the company varies from quarter to quarter. Due to off-season there was no production during the quarter. (2) The Linkage of Cane Price with sugar price realization is yet to be implemented as per recommendation of Rangrajan Committee. (3) There has been surplus production and stock of sugar in the country for last 4 years and sugar price is ruling lowest of last 4 years and cane price arrears are mounting. (4) Workable Solution for Sugar Factory and Farmers:- {a} The government should announce FAIR PRICE (Minimum Support Price or MSP) for sugar on the basis of recommendation of CACP under the Essential Commodity Act to safeguard the sugar cane growers interest and to minimize the losses incurred by the industry. It should be made legally binding that no sugar factories can sell (S-30), sugar below MSP as recommended by CACP. The MSP on the basis of FRP as per CACP calculation work out at Rs. 3,200/- in Maharashtra and Kamataka and Rs. 3,400!- for rest of India, which was prevailing 3 years ago. (b) To reduce the domestic inventory export of 10% to 15% sugar produced should be made compulsory even at loss, which should be compensated through proporlionate hike in price of MSP meant for domestic consumption. (c) This way Central Government will not have to bear any burden and industry will tbe able to pay to the cane growers. If this is done, this will solve the problems of coming years. (5) For the cane dues of last years, Government should advise the banks to restructure the accounts of the sugar companies by converting at-least 50% working capital loan to working capital term loan for 7 years at reasonable interest with two years moratorium. This will enable the factories to clear old outstanding and farmers will get their cane price in time (6) Previous periods figures have been rearranged/regroupeditecasted wherever necessary. (7) The above results were reviewed by Audit Committee on 7" August, 2015 and approved by the Board of Directors of the Company at their meeting held on 8” August, 2015. For and or behalf of the Board Place : Kolkata Dated : 08.08.2015 CHAIRMAN & MANAGING DIRECTORK.N. GUTGUTIA & co. PHONE: 2287-3735156 CHARTERED ACCOUNTANTS PAX: 91-038-22873756 KOLKATA o NEW DELI E-mail: kng_kol@vsnk.net 6C, MIDDLETON STREET FLAT NO23 (2°" FLOOR) KOLKATA-700071 LIMITED. REVIEW REPORT To, ‘The Board of Directors: Riga Sugar Co. Lis We nave reviewed the accompanying, statement of unaudited financial results of RIGA SUGAR COMPANY LIMITED, 14, Netaji Subhas Road, Kotkata-700 004 for the quarter ended 30" June, 3015 except for the disclosures regatsing ‘Public Shareholding! and ‘Promoter_and Promoter Group Shareholding’ which have een traced from disclosures made by the management and have not been audited by us. This statement is the responsibilty of the Company's Management ‘and has been approved by the Board of Directors on 8” August, 2015. Our responsibility is to issue a report on these financial statements based on our review. We conducted our review in ecvordance with the standard on Review Engagement (SRE) 2410. Review of Interim Financial information performed by the independent Auditor of the entity issued by the Insitute of Chartered Accountants of india. This standard requires that we plan and perform the review to obtain moderate assurance as 10 whether the financial statements are fee OF material misstatement, A review is limited primarily to inquires of company personnel and anahtical procedures applied to financial date and thus provides lass assurance than an aud We have not performed an audit and accordingly: We da not express an audit opinion. gased on our review, conducted 2s above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepered in accordance with applicable accounting standards and other recognized accounting practices and policies has ot isclosed the information required 0 Be disclosed in terms of Ciause 41 of the Listing Agreement including the manner in which ft is to be disclosed, or that it contains any material misstatement 60, Middleton Street For KN, GUTGUTIA & CO. Kelkata-700 071 CHARTERED ACCOUNTANTS. {Cal Firm Registration No. 304153 Dated: 08.08.2015 Srthacin Pow (CA. SUBHASISH PORE) PARTNER ‘Membership No, 55862