6I \o (}\ r-0

()
c$

-a
A
lr(-,

at
a

)o

V)

\o

.l

rll

*)
t

()

-) (-h)

.X

Lr

{)

li
A

,;

{-)
.-

ta

.t
x

()

F,(

o\

l-i

V)

x
rt
a)

-+
?o

6I
Fj

lr

aca

^l/

,A\

HFr
-

I'EJ

L'-i-

z"
HN

.\

gs
'i *.C)
H

4 A,-\

Z p'5

AOft"
V(.)
FE
H 'r.

z'^c

c
r.i

Fg

J(

E
Ft M

iE
r-i
zx
L-

tE

r"v
fl' t'!c
4\OO
()

*
l*l

co

C')

-o
.f.(

kl

!{

r{,
l-i

ttrJ

'.H
Er
!rL-

EI

E)

ts(

FI

00

ilfl

oq

ro r+

:f,

l,n

|,n
rO

ra

CO

in

lf')

!S

\o \o
t?

FI
!f,
t-(

l,n

l,n
ca

F-(
f!S N
tr(

t7)
F.,l

ff)
F.{

t-,{
t-l

t-t

lin

t(
F,i

F(

m
t)
r,l

FI
FI

t-(

r(

c.:

r{

rr{
sl
I

t-l

--

.a

,J

r$ \o in

-*)()
.p:

\.)

\o

\c \?

N 6I

in \o

lrn
oq

rc

6I in
F--

6l

FI

,J

o\ o\ rc
\? q v?
ca r( ln
t\ t\ !f,

CI\

\o

!-l

m 6i
(\I

a.;

6I

t-(

(\t

in

6
rc

rc

in

rn

\n

- -)
0

q)

rt:t
?l
x

d)
V)
rt
-t
irj
sl
a
h

(]a

a
()

v)

Fl
F
x

{.)
a-r
I

a:

.r(
rla

IJ

A
x
q)

ca
tri

6l
o\

q)
t1

+r
d
H

-{)

o ()
F
E

-l

d
I

et)

!-i
\f,
rri

9
\o

ta \o
!+ \c;

t\ \f

'+

6t
ra

\0

\o

o\

ira

!-l

t-.,l

F-

ra

t?)

\o

\o

ica

F(

ti

o\

o\

t-l

!-r(

\o

ra

ra

!(
t
ll-l

-()
-

\o

'+.J

a,r(
T'
t)

o\ in
m ol R
f- \f
6l tf,

l,n

fY in

oo
oq

I--

-+

oq

TO

t$

t\

6I

?a

t-l

F(

r"]

ea

ta

t-(

F,{

f"l

.O

n
ea

ta

ce
ca

ea

CA

;1
x

a?)

!-

*.)

t,(

-()
-

in
ol

F(

.a

t*i

.a

-()

() c.l

ar!

a
L
A

.l

fr
f,,

q)
A
r-t
*r
A
L(

r-la

?rl

trl

.!l

a)

6I

co

H
,) () () t-i
I
d

OI

lE
\*-a

U)

1-(

/nfr
4p

()

cr)

t"l
i,a
tsZ

tr

(t)

x
?

H-f

lt{
r-f
t-l
fvH
l-l
.lF

fi

- o(r
a

i2
2:
4

-\,
o
()
fr
lil

PU
V) r-r

h(

id*J

a{

.-,t-

rc

r'
{)

t-,{
v

r-l

o\

og
}\

Al

.o ()

'{-)

(\I

s00
iln

c?)

trtt

f-

f*

0)

q)

LT
(.l

()

6q

ico

Ar
x

e)

*-)

q q q

6I

tH

('.1

\-(

\o o\ \o

\n 6l
6i r<lr

F'{

q)

ra
(\t

$ t+
lff f"?
c.; \o

t
tH
'tr)

\r

\0

F(

-() (\I -()

*.)
- -o- a:
.*
{-)
)o - 6tt-l -,)
.--i ):
a0
{)

t-)

r- ra
in
t?;

-l
ca

F'l

rr{

c)

(,)

\o o\ r- cri
ta 6I \ \o

-{)

ol

a)

l.L(

&

tt

ca
r(

fa
FI(

(rl
f\

F<

t-i
a?)

rJ

ee
9 o\
i
tr{

rF(

()

*r

-,)
.l<

\o
\f
t\

\?

\o \f,

F. in

00

rc

\f

i!+

trr

6i
tf,

6i
'+

r--

t+

f-

r(

f-

-l

a
\?

(\I

r+

.,+

e
.+

t\
t+

!n

f-

fco

fca

ra

Sa
x

;)

d,I

zckl
r-J

tv
A
V

{-)

sl

\J

E)

.--

't5
d

t-r

O]

O.

c)l

"i

.-l
s,
fit
ol
at
tl
Lrl

erl

!rl

ctl

a"l

(.)I

.-l

5t

i<

O
a<

tH
t
lrt

'cl
()I

.G

FI

trt

(-)I

el
O,l +.(

El 9l

6)l
rl

fldt tsl ;l

6l -cl ()I
Fll

tsI

3l
oJll

UI

EI

,!l Lnl

LI
()I

trt
al

EI ZI 5l

.-l-t

trl

-l6tl
{.J I

el

al
=l EI al
ol
cl
t-l
cl
OI
OI
-Ul
al
cl

,^.1

:l '"1 ol FIol
63

BI

E! tsl

ql

-cl

UI

*l EI 6l

OI
?I
+Jl

.cl
()I
o.l

{l

"l

,,l
()l
al
EI
9.1

xl
a)I

L (\tl
qr
tl
-l
--.1
\r' al

?
atrl
e6l
\J

Jil
\r

,L)

-l)t
'.vl

*Et

.-ll
li
Yri *) I
OI EI
ooJ
-cl o.l
OI EI
&El

"l
t-(

-L
\J

T\J
E]

ol
-..+l
H
+t

!el

?-l

t<
C)

ll

(r)

ctrI

A
a
ru,

al
t,

tI

q '-l
U esl
El
E .el
:\

PEJ

o
O

!a

+
^.
() \./

()
d
-t

trl
HI

ol

EI
,El

Lrl

CJI

XI

FHI
yit

5l

tJ-

"i
el
al
C)I

il

o.l

XI

J-I

EI ol
f-l FII
ar ! rtl
ql
.(.)l
I= Sl

il

O\l

=I

:g

,/,

'5
q)

a
C)
a

<l
-l

()

ol

t-(

Ui
,^rl ,^al O
-ol

tEl ?l

oe)l
li t-l

C)

-l

:l-ol

lcd
la
lq)s<
I()

llLv

ed

Ir

l,E

-ot

FI ,o() o1
Oi
c0
I

al (ht
ol
()l EI dl sl
OI

.-

f-Jl t-)
a !l "r +rI
F)I

F. El
5l
xl
6l 3l al ;#l + in t-11
\o
I

ot
LI
(ht +.

"o

o->

lfr
Id
I r-(
I c.h

lcd
l.
I()

t-l
di

Fl
El
tt

t-r

F,r

l. ()]

chr 6)l
*Jl

Fil

L)

A1
h(l
.-l
't
-l

in

(-,
r
-

ot?)l
L
qr
al
trt
() u) 6)l

L X

-EY

LI

()

>>

,H1

Lrl

dt
l-l
.il
dl
t,

Xt

(.)

()

GI

a
o)

+)
r.!(a

>*.

C)

.lr)

ol
trl
O ,-^l

{-)

a
OI (+*

EI "ol

.a-)

ol

l*l

6)I
Q.

C)

.-l

()

6sr

ol
csl
tr

.-l
-{-J

JI

lq)l
o0l ^l
xt

IIal dt

0)I
EI EI

a)l

()

Ll
6)l OI
cl

ol

r1
,t(

.T

*)
()

C)

al

*-)

.l

.=
1-)
(,

lq)
l-a

.t-)

a:

lL
to
I q-r

.-()

()

lo,

.9

q-i

lc
IX

lcs
l!)

\L)
g-r

t:
I

t:

IX

-(
()

+r
{)

I *.r

d
L

al
lr(
t\H

q)

lltc)
lt

()

tfr

la

],^
l6
IT

G
I

lta
\H

.l-J

q)

Q
a
H

ltI t-l

IE
lr-

q,)

lo
Ic)

V)

o
(,

IL

t:

{r)

V)

l=

tEr

t-

IL
Io
I r-r
l!:
li
lI o.i

t-(

+.1
rla

6.)

t:
la
I

N
I

>,

+J

cd

C)

O.
X .E

'5

rrl ()

X
r<l 63

q-.r

EI ol

\5

a)

a
a

(.)

xl G-l

q-r

:l()I +l
63

tr

ot "-, l al
chl
drl ot
trl
ol
al tl
I

QI
()I

+l

=l
crl
e"l
el
-ll
OI trt
3l
()I
al
+)l ol :l
al
()I
sl JI riiol EI
bl sl HI
$-l
EI el
EI
-_l
0l .El L:I 3t -l sl
pl ol EI al
EI
rel
ol 5t ol
sl
dl dl o-. HI
6t XI 6l -el ?l
1l rr.l.! zl *.1 ZI
sl
sl 3l
=l =l =l
r--z
al
al

P",l

--\

f-,

$<l

s-< I

fil

c3

F-

ro

oq

t.- t.-

ar)

6
.+

00

rrn

o\

co

al
ta)
al

\o

7.

7.

t-

7.

t-

ra

f-

ro

F.

o\
6l al

o\

al .I

V)

aa

\o

al in
rn
cl

\o

F.
F-

ta

i")

\o \o

a-

co

F.

al cl
00

so.

In

N
ra)

\o

\o

al ia

o\

|r)

t-

ro
6

01
ao

a
r-

rt \o
N to
la)
al

6
.+

la

\o

o\

ra

ia

r-

F.

00

00 00

o\
00 o\
6l V)
to

o\

TA

cl

o\
lal

lE[+

ra
F.

0q

F-

a
t

V)

ao
a.l

ra)

\o
rn

al
o\

o\

r[.[

rn

FT

ao

'If
Cd

o
o

-c

o
o0

L
O

-o

(3

o
o

a)

(,
a

a)

'5

.E

YU

-o

a
ir
V)

O
o

U)

odE

t.
C.

5o
a

o
u =

-o

(n

i! oa
Cd

F o

<

L
o

o tr
()
CO

-c
a

hl

L
.J

6J

o
u

-o -o o L
E
q
()
= o.

o
o

CB

6J

-c

a
F
Z

()

o
!
o

J
2
(,

o
(d

6J

63

c)

c
o

Cd

(d

O
o0

oo

ts

.J

-o =o
E
9=
a.)

U)

".c
aJd

cd

o
o

03

@
() L o
o OJ o AJ a

cO

bJ)

OJ

o
!
o

o
o

"o

J o

d{

OJ

OJ

O
h0

ot
OJ

0)

a)

1)v

tr

CO

=o o
D2
;a
v=

f-.1

a)

cn

o
o

I
o

9d
:l

o
,a
o

'.1

r-

-U

Io

c3

o'E

'=

I
z

.:5
c-

E
o.

OJ

C
LL

C6

-c

o-

'o

-q

-c

a!9
UP

s-

dEo z z

h0

o 00

Ei

EO
-o
E
o:

d0

C>
od

Fa

bl

C)

a)

d{

ol

a)

-o o

(f
4.)

bJ

o o

(d

-o

AI

o hI
d

a,)

rn o
I

eC>

.J

o
,2 E
u

(a ta
m in

tn

o\

o\

ul

te

00

!+

in ra
t.- ra .a

a.)

ra
(.1

a.l

6l

ao rn
aa t

6l

o\

l,n

.:o
al
\o

-E

o
{)

\o
co 00

a.l ao rn

|r)

ra

v? F.

al

aa

ca

.O

ra t)

t-

r- rN
N

n
o\
at a

at

N
ca

E
E.E
lo
oo
N2

-.;
EO

->
\o \o
t\ al

sr-

al

[o

ra o\

r-

o\

o\

\r-

aO

al al t

e{

t+
Vt

.+

cl

6
rr
l,n

-o

lrO
+OA
tt

a-Dl

.+

!f,

ao 6

al

00

a- 6l

ro ra

fO

rn
rn

r- al
6

al

a.)

a.l
a.t

Yt

-i-. 1
P
tr gv
IA
=Z-

'i

.= ?',< ?

-_

,?z
;)4

_:=-?

F.

F-

FT

Vt

00

V)

r r

00 a.)

a
a.l

00 0a

aa

al
ta

\C ao rrA
a-

ra
rA

ra

N $
tn V)

aa

-. l^

-.
_t.aa
c
t!
E

t
|

z
z

I
14!

<

5.-=

_!

,./bI
4

=O

( .,-'ac
=p>
:r
\

li

r.
uuz
tJ

o-

==
y-'1

AE
22

9r-

iA iA

ro
.+
t.-

!+ !f,
l- F.
6 co

\o

vq 6Fvt .i
t

a.l

.I

00

\r-

0lo

rin ta)

o
o.

s-o
oo
,o
aa

ov
A\
!-

Ze

ln

c'E
u-^

:l=

c.6
".
Ah

;'-

EO
\Jo
)-' )'"
-:

o
o

L
L

-:o=N
- F E ..
u E
i''i
rr-oii ''
-v'O=
>.o
9l:i

o
o
OJ

o
OI

a
cl

J a
+

a)

z
a)

(_)

o
L
o

o
L

q)
UJ

9
E

a)

(,)

-o

:: a
q

o
uJ

(h

O
@

o
o

o E
o o

o
a
o

a")

l-

cd

f,
L

at

o
o rc

b{

ca

aI

I
O

E
I

al;^^
a ,=
i.=2r.
lTc*
lz'=4

a)

o
o
I

ui

i J- t
==2a=
,i-i-=(E
tJt=J2.u

'=-=- -.

., o'!

U
H

=.*E=
" X
a=Lq- ^.i

P.t/_)L

a
F

(J

t
N

,--=''rL>z t

aJJ

>-

!) r

c!

Vt

?E'?F.

?E

Z-2ai,

-A

--'=;-J6=

SHAMBHU KEDIA & CO.

1B Black Burn Lane

4th Floor, Room No. 7l

Kolkata - 700 012

Chartered Accountants

LIMITED REVIEW REPORT

To,

ATN International Limited

We have reviewed the accompanying statement of unaudited financial results of ATN International
Ltd for the period ended 31.'t December, 2013 (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/committee of Board of Director. Our responsibility is to issue a report on these financial
statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400,
Engagement to Review financial statements issued by the Institute of Chartered Accountants of India.
This standa{d requires that we plan and perform the review to obtain moderate assurance hs to whether
the financial statements are free of material misstatement. A review is limited primarily to inquiries 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 audit
opinion.
o'A",

nothing has
Based on our review conducted as above & subject to our notes attached in Annexure
come to our attention that cause us to believe that the accompanying statement of unaudited financial
results prepared in accordance with applicable accounting standards and other recognized accounting
practices and policies has not disclosed the information required to be disclosed in term of clause 41 of
the listing Agreement including the manner in which it is to be disclosed, or that it contains any
material misstatement.

Place-Kolkata
Date:14.02.2014

For SHAMBHU KEDIA & CO.

Chartered Accountants
Registration No- 3 190 1 iE

?tOu,tJi^t"*

k^""-^-^

(S.K.KEDIA)
Proprietor
Membership No- 054042

FJd

ANNEXURtrI,66A"
NOTES ON UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 3I.t DECEMBER,2013
ATN INTERNATIONAL LIMITED FORMING PART OF THE REVIEW REPORT OF EVEN DATE

1. Interest payable on loan from Rural Electrification Corporation amounting to Rs.23.63 lacs

been provided by the company

oF

has not

2. The company has made no provision for depreciation in the value of investments as the company
of lower of cost or market value of each strip individualiy as
per by Accounting standard issued by the Institute of Chartered Accountants of India
has valued the investment at cost instead

Place: Kolkata
Date :14.02.2014.

For SHAMBHU KEDIA & CO.

Chartered Accountants
Registration No- 31901 1E

Br-a^^'SJ*-K^,-o.^(s.K.KEDrA)
Proprietor
Membership No- 054042

p.J{