Surya Roshni Limited is offering fixed deposits with interest rate up to 12% per annum. From a small beginning in 1973 as a tube making unit, Surya Roshni Ltd has emerged today as a vast conglomerate with the largest ERW pipe manufacturing plant in India, a large cold rolling strip mill at Bahadurgarh (Haryana) and two lighting units on each at Kashipur (UP) and Malanpur (MP) producing fluorescent tube lights,GLS lamps ,CFL lamps, HPSV lamps and Metal Halide Lamps.The company also markets a wide range of Luminaires and Accessories, High Mast Lighting Systems, Lighting Poles, Decorative Poles and MCBs.
Interest is compounded on yearly basis and payable quarterly in case of non-cumulative schemes. TDS will be deducted if interest income is above Rs 5000 unless Form 15G/H is submitted.
Interest rates and minimum amount:
|
Tenure
|
Minimum
Amount
|
Interest
Rates
|
||
|
Cumulative Schemes
|
Non-Cumulative Schemes
|
Cumulative Schemes
|
Non-Cumulative Schemes
|
|
|
1 Year
|
Rs. 10,000
|
Rs. 30,000
|
10.50%
|
10.50%
|
|
2 Year
|
Rs. 10,000
|
Rs. 30,000
|
11.50%
|
11.50%
|
|
3 Year
|
Rs. 10,000
|
Rs. 30,000
|
12.00%
|
12.00%
|
Interest is compounded on yearly basis and payable quarterly in case of non-cumulative schemes. TDS will be deducted if interest income is above Rs 5000 unless Form 15G/H is submitted.
Eligibility:
Resident individuals, Domestic company, HUFs, Registered Trusts/Societies can apply.Financial performance of the company:
|
Year March Ending
|
2009-10
|
2010-11
|
|
(Rs. In crores)
|
(Rs. In crores)
|
|
|
Turnover
|
1938.93
|
2441.82
|
|
Profit Before Interest, Depriciation & Tax
|
129.56
|
181.93
|
|
Profit Before Depreciation & Tax
|
80.85
|
121.39
|
|
Profit Before Tax
|
53.76
|
70.15
|
|
Profit After Tax
|
45.17
|
66.74
|
|
Dividend (%)
|
20
|
15
|
|
Share Capital
|
37
|
61.46
|
|
Reserves
|
20.04
|
570.09
|
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