One of the Pioneer Industry in India

A peom is never finished, only abandoned-Paul Valery

 

 
 
                                                         BALANCE SHEET AS AT 3OTH SEPTEMBER, 2008  
 

Schedule

 As at           As at
    30.09.2008 30.09.2007
I. SOURCES OF FUNDS    Rs.              Rs.
 1) Shareholders' Funds      
      a) Capital 1                  55,078,797              49,074,800
      b) Reserve and Surplus 2                210,113,045            183,471,505
                   265,191,842            232,546,305
 2) Loan Funds      
     a) Secured Loans 3                921,042,864            862,477,281
     b) Unsecured Loans 4                  88,001,793              19,300,000
                1,009,044,657            881,777,281
TOTAL               1,274,236,499          1,114,323,586
II.  APPLICATION OF FUNDS      
 1) Fixed Assets 5    
    a) Gross Block               1,227,025,428          1,020,777,670
    b) Less: Depreciation                  435,018,209            391,729,786
    c) Net Block                  792,007,219            629,047,884
    d) Capital Work in Progress                    33,679,389            154,069,108
                   825,686,608            783,116,992
2) Investment 8                      438,180                   438,180
       
 3) Deferred Tax Assets  9                  38,969,737              33,606,669
 4) Current Assets, Loans & Advances 6    
   a) Inventories                  406,926,262            388,467,291
   b) Sundry Debtors                     2,725,457                8,703,969
   c) Cash and Bank Balances                    11,727,850              11,923,916
   d) Loans and Advances                  160,863,819            193,974,222
      Less:                  582,243,388            603,069,398
   Current Laibilities & Provisions 7    
   a) Current Liabilities                  169,310,414            300,679,334
   b) Provisions                                 -                             -  
                   169,310,414            300,679,334
    Net Current Assets                  412,932,974            302,390,064
       
 5) Deferred Liabilities                    (3,791,000)               (5,228,319)
TOTAL               1,274,236,499          1,114,323,586
Accounting Policies & Notes on Accounts 14    
In terms of our Report of even date attached herewith.      
 For K.N.GUTGUTIA & CO.      
  CHARTERED ACCOUNTANTS      
  (S.PORE)     Dr. Gora Ghosh
   PARTNER     S.K. Goenka
( Membership No. 55862) S.Prasad O.P.Dhanuka P.Tibrawalla
  6C, Middleton Street, Kolkata- 700 071 Company Chairman &   
  27th December, 2008 Secretary Managing Director Directors
       

 
 
                                               BALANCE SHEET AS AT 3OTH SEPTEMBER, 2007
  Schedule As at           As at
    30.09.2007 30.09.2006
I. SOURCES OF FUNDS    Rs.              Rs.
       
 1) Shareholders' Funds      
      a) Capital 1            49,074,800          49,074,800
      b) Reserve and Surplus 2          183,471,505        269,021,547
             232,546,305        318,096,347
       
       
 2) Loan Funds      
     a) Secured Loans 3          862,477,281        714,397,012
     b) Unsecured Loans 4            19,300,000          13,550,000
             881,777,281        727,947,012
TOTAL         1,114,323,586     1,046,043,359
       
II.  APPLICATION OF FUNDS      
 1) Fixed Assets 5    
    a) Gross Block         1,020,777,670        939,199,009
    b) Less: Depreciation            391,729,786        348,899,166
    c) Net Block  

         629,047,884

       590,299,843

    d) Capital Work in Progress            154,069,108          50,921,424
             783,116,992        641,221,267
       
2) Investment 8                438,180              438,180
       
       
       
 3) Deferred Tax (Net) 9            33,606,669          11,338,328
       
       
 4) Current Assets, Loans & Advances 6    
   a) Inventories            388,467,291        283,528,574
    b) Sundry Debtors                 8,703,969           4,314,427
   c) Cash and Bank Balances              11,923,916          24,605,430
   d) Loans and Advances            193,974,222        207,548,971
      Less:            603,069,398        519,997,402
   Current Laibilities & Provisions 7    
   a) Current Liabilities            300,679,334        112,257,763
   b) Provisions                           -             8,513,252
             300,679,334        120,771,015
    Net Current Assets            302,390,064        399,226,387
       
 5) Deferred Liabilities               (5,228,319)          (6,180,803)
       
       
       
TOTAL         1,114,323,586     1,046,043,359
                            -                         -  
Accounting Policies & Notes on Accounts 14    
In terms of our Report of even date attached herewith.    
 For K.N.GUTGUTIA & CO.      
  CHARTERED ACCOUNTANTS      
       
       
  (S.PORE)      
   PARTNER S.Prasad    O.P.Dhanuka   
( Membership No. 55862)      
  6C, Middleton Street, Kolkata- 700 071 Company      Chairman           Directors 
  31st December, 2007 Secretary  & Managing Director 

 
                                                    BALANCE SHEET AS AT 30TH SEPTEMBER, 2006  
  Schedule As at           As at
    30.09.2006 30.09.2005
I. SOURCES OF FUNDS    Rs.              Rs.
       
 1) Shareholders' Funds      
      a) Capital 1                 49,074,800            49,182,300
      b) Reserve and Surplus 2               269,021,547          232,415,916
                  318,096,347          281,598,216
       
       
 2) Loan Funds      
     a) Secured Loans 3               714,397,012          732,896,273
     b) Unsecured Loans 4                 13,550,000            24,220,000
                  727,947,012          757,116,273
TOTAL               1,046,043,359       1,038,714,489
       
II.  APPLICATION OF FUNDS      
 1) Fixed Assets 5    
    a) Gross Block                 939,199,009          931,842,865
    b) Less: Depreciation                 348,899,166          324,881,152
    c) Net Block                 590,299,843          606,961,713
    d) Capital Work in Progress                   50,921,424              1,987,479
                  641,221,267          608,949,192
       
2) Investment 8                      438,180                438,180
       
       
 3) Deferred Tax (Net) 9                 11,338,328            43,829,801
       
       
 4) Current Assets, Loans & Advances 6    
   a) Inventories                 283,528,574          342,689,871
    b) Sundry Debtors                      4,314,427            11,296,884
   c) Cash and Bank Balances                   24,605,430            14,896,346
   d) Loans and Advances                 207,548,971          113,437,772
      Less:                 519,997,402          482,320,873
   Current Laibilities & Provisions 7    
   a) Current Liabilities                 112,257,763            82,720,144
   b) Provisions                     8,513,252              7,922,610
                  120,771,015            90,642,754
    Net Current Assets                 399,226,387          391,678,119
       
 5) Deferred Liabilities                    (6,180,803)             (6,180,803)
       
       
       
TOTAL          1,046,043,358.51   1,038,714,489.00
                                  0                         -  
Accounting Policies & Notes on Accounts 14    
In terms of our Report of even date attached herewith.      
 For K.N.GUTGUTIA & CO.      
  CHARTERED ACCOUNTANTS      
       
       
  (S.PORE)      
   PARTNER S.Prasad    O.P.Dhanuka   
  6C, Middleton Street, Kolkata- 700 071 Company      Chairman           Directors 
 26th December, 2006. Secretary  & Managing Director   

 
 
  Schedule As at  As at
    30.09.2005 30.09.2004
I. SOURCES OF FUNDS    Rs.              Rs.
       
 1) Shareholders' Funds      
      a) Capital 1       49,182,300       49,082,800
      b) Reserve and Surplus 2     232,415,916     214,373,869
        281,598,216     263,456,669
 2) Loan Funds      
     a) Secured Loans 3     732,896,273     763,996,906
     b) Unsecured Loans 4       24,220,000           950,000
        757,116,273     764,946,906
TOTAL    1,038,714,489  1,028,403,575
       
II.  APPLICATION OF FUNDS      
 1) Fixed Assets 5    
    a) Gross Block       931,842,865     852,901,989
    b) Less: Depreciation       324,881,152     287,658,659
    c) Net Block       606,961,713     565,243,330
    d) Capital Work in Progress          1,987,479       10,749,246
        608,949,192     575,992,576
       
2) Investment 8           438,180           438,180
       
       
 3) Deferred Tax (Net) 9       43,829,801       48,550,374
 4) Current Assets, Loans & Advances 6    
   a) Inventories       342,689,871     353,075,624
    b) Sundry Debtors         11,296,884       19,742,335
   c) Cash and Bank Balances         14,896,346       12,792,197
   d) Loans and Advances       116,564,301     108,125,107
      Less:       485,447,402     493,735,263
   Current Laibilities & Provisions 7    
   a) Current Liabilities         82,720,144       76,732,663
   b) Provisions         11,049,139        7,399,352
          93,769,283       84,132,015
    Net Current Assets       391,678,119     409,603,248
       
 5) Deferred Liabilities         (6,180,803)       (6,180,803)
TOTAL    1,038,714,489  1,028,403,575
                        0                    -  
Accounting Policies & Notes on Accounts 14    
In terms of our Report of even date attached herewith.    
 For K.N.GUTGUTIA & CO.      
  CHARTERED ACCOUNTANTS      
  (S.PORE)

 

    
   PARTNER S.Prasad    O.P.Dhanuka  
  6C, Middleton Street, Kolkata- 700 071 Company      Chairman &        
 28th December, 2005. Secretary  Managing Director

 

 

 

 

All copy rights Reserved to Riga Sugar Co. Ltd. ( Kolkata, India.)