Riga Sugar Co Ltd

This company manufactures sugar, industrial alcohol, ethanol, and bio-fertilizers using distillery effluents and press mud.

1980 | Kolkata, West Bengal (India) | Under Liquidation
Last Updated:

Riga Sugar Co Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 14.44 Cr
  • Company Age 44 Year, 6 Months
  • Last Filing with ROC 31 Mar 2021
  • Open Charges ₹ 314.33 Cr
  • Satisfied Charges ₹ 502.65 Cr
  • Revenue Growth -46.15%
  • Profit Growth -96.56%
  • Ebitda -158.06%
  • Net Worth -220.34%
  • Total Assets -36.30%

About Riga Sugar Co

Riga Sugar Co Ltd (RSCL) is Under Liquidation company established on 02 Sep 1980 with its office registered at Kolkata, West Bengal, India and has been running since 44 Year, 6 Months with a paid up capital of 14.44 Cr. According to MCA records, 4 Directors and 1 Signatories are linked to this company as of 04 May 2024.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L15421WB1980PLC032970

  • Company No.

    032970

  • Stock Symbol

    BSE : 507508

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    02 Sep 1980

  • Date of AGM

    21 Sep 2021

  • Date of Balance Sheet

    31 Mar 2021

  • Listing Status

    Listed

  • ROC Code

    Roc Kolkata

Industry

Agriculture
Food and Beverages
Energy and Power

What products or services does Riga Sugar Co Ltd offer?

Riga Sugar Co Ltd offers a wide range of products and services, including Organic and Inorganic Solvents, Alcohol Solvents, Chemical Plants & Machinery, Petrochemical Refineries, Cereals & Food Grains, Sugar.

Who are the key members and board of directors at Riga Sugar Co?

Executive Team (2)

NameDesignationAppointment DateStatus
Om Dhanuka Country flag representing In Managing Director02-Sep-1980Current
Jitendra Pachisia Country flag representing In CFO19-Aug-2020Current

Board Members (3)

NameDesignationAppointment DateStatus
Purushottam Bhide Country flag representing In Director 12-Apr-2019Current
Dilip Datta Country flag representing In Director 11-Feb-2016Current
Richa Ajitsaria Country flag representing In Director 29-Jul-2021Current

Financial Performance of Riga Sugar Co.

Riga Sugar Co Ltd, for the financial year ended 2021, experienced significant reduction in revenue, with a 46.15% decrease. The company also saw a substantial fall in profitability, with a 96.56% decrease in profit. The company's net worth observed a substantial decline by a decrease of 220.34%.

Riga Sugar Co revenue growth over time
Riga Sugar Co profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-46.15%
Revenue from Operations
-48.32%
Total Assets
-36.30%
Profit or Loss
-96.56%
Net Worth
-220.34%
EBITDA
-158.06%

What is the Ownership and Shareholding Structure of Riga Sugar Co?

In 2021, Riga Sugar Co had a promoter holding of 68.47% and a public holding of 31.52%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹314.33 Cr

Satisfied Charges

₹502.65 Cr

Charges Breakdown by Lending Institutions

  • Bank Of India (Lead Bank) : 281.02 Cr
  • Union Bank Of India : 33.31 Cr

Latest Charge Details

DateLenderAmountStatus
14 Dec 2015Union Bank Of India₹2.31 CrOpen
30 Oct 2015Union Bank Of India₹4.20 CrOpen
02 May 2014Union Bank Of India₹3.21 CrOpen
02 Apr 2011Union Bank Of India₹3.00 CrOpen
19 Mar 2008Union Bank Of India₹1.65 CrOpen

How Many Employees Work at Riga Sugar Co?

Riga Sugar Co has a workforce of 10 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Riga Sugar Co Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Riga Sugar Co, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Riga Sugar Co's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Riga Sugar Co

Recent activity within the organization

  • Annual General Meeting

    Riga Sugar Co Ltd last Annual general meeting of members was held on 21 Sep 2021 as per latest MCA records.

  • Director Appointment

    Richa Ajitsaria was appointed as a Director was appointed as a Director on 29 Jul 2021 & has been associated with this company since 3 years 7 months .

  • Balance Sheet

    Riga Sugar Co Ltd has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Kolkata.

  • Director Appointment

    Jitendra Kumar Pachisia was appointed as a Cfo was appointed as a Cfo on 19 Aug 2020 & has been associated with this company since 4 years 7 months .

  • Director Appointment

    Purushottam Jagannath Bhide was appointed as a Director was appointed as a Director on 12 Apr 2019 & has been associated with this company since 5 years 11 months .

  • Charges

    A charge registered on 17 Dec 2015 via Charge ID 10612297 with Bank Of India was fully satisfied on 03 Apr 2018.

Frequently asked questions

  • What is the Incorporation or founding date of Riga Sugar Co Ltd?

    Riga Sugar Co Ltd was incorporated on 02 Sep 1980.

  • What is authorized share capital and paid-up capital of Riga Sugar Co Ltd?

    The authorized share capital of Riga Sugar Co Ltd is ₹ 20.00 Cr and paid-up capital is ₹ 14.44 Cr.

  • Who are the current board members & directors of Riga Sugar Co Ltd?

    Currently 5 directors are associated with Riga Sugar Co Ltd.

    • Purushottam Jagannath Bhide
    • Om Prakash Dhanuka
    • Dilip Datta
    • Richa Ajitsaria
    • Jitendra Kumar Pachisia

  • What is the registered address of Riga Sugar Co Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Riga Sugar Co Ltd is 14 Netaji Subhas Road2Nd Floor, P S Hare Street, Kolkata, West Bengal, India, 700001.

  • What is the corporate identification number (CIN) and company number of Riga Sugar Co Ltd?

    The corporate identification number (CIN) of Riga Sugar Co Ltd is L15421WB1980PLC032970 and the company number is 032970 as per Ministry of Corporate Affairs (MCA).

  • Is Riga Sugar Co Ltd registered with any stock exchange in India?

    Yes, Riga Sugar Co Ltd is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Riga Sugar Co Ltd?

    The Official website of Riga Sugar Co Ltd is https://www.rigasugar.com

  • What has been the recent revenue trend for Riga Sugar Co Ltd?

    According to the financial reports for the fiscal year 2021, the revenue trend for Riga Sugar Co Ltd has fallen by -46.15%.

  • How many employees does Riga Sugar Co Ltd currently have?

    As Per 2021 financial reports, 10 employees are currently employed by Riga Sugar Co Ltd.

  • What change has been observed in the net worth of Riga Sugar Co Ltd, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Riga Sugar Co Ltd has experienced an downturn of -220.34%.

  • What are the total open charges for Riga Sugar Co Ltd?

    As per the financial statements for fiscal Year 2021, The total open charges for Riga Sugar Co Ltd amount to ₹ 314.33 Cr.

  • When was the last Balance Sheet of Riga Sugar Co Ltd filed with the ROC?

    The most recent Balance Sheet for Riga Sugar Co Ltd was filed with the ROC on 31 Mar 2021.

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