Salem Sree Ramavilas Chit Company Private Limited

Provides chit fund services, incorporated in 1938, based in Salem, Tamil Nadu.

1938 | Salem, Tamil Nadu (India) | Active
Last Updated: January 10, 2025

Salem Sree Ramavilas Chit Company Profile

Key Indicators

  • Authorised Capital ₹ 3.00 M
  • Paid Up Capital ₹ 1.50 M
  • Company Age 87 Year, 25 Days
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 5.79 M
  • Revenue Growth -8.76%
  • Profit Growth -59.94%
  • Ebitda -15.17%
  • Net Worth 0.97%
  • Total Assets -3.94%

About Salem Sree Ramavilas Chit Company

Salem Sree Ramavilas Chit Company Private Limited (SSRCCPL) was founded in India on 21 January 1938 and has a glorious history of 87 years .Its registered office is in Salem, Tamil Nadu, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 3.00 M and a paid-up capital of Rs 1.50 M.

The company has closed loans amounting to ₹5.79 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Veeranam Sethusubramanian, Krishnamoorthy Ramalingam, Muniappan Nagarajan, and Two other members serve as directors at the Company.

Company Details

  • Location

    Salem, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992TZ1938PTC000213

  • Company No.

    000213

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    21 Jan 1938

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Financial Services

Who are the key members and board of directors at Salem Sree Ramavilas Chit Company?

Board Members (5)

Name Designation Appointment Date Status
Veeranam Sethusubramanian Country flag representing In Director 30-Jun-1999 Current
Krishnamoorthy Ramalingam Country flag representing In Director 18-Sep-1998 Current
Muniappan Nagarajan Country flag representing In Director 20-Aug-2009 Current
Krishnamoorthy Dhandayuthapani Country flag representing In Director 10-Oct-2011 Current
Namakkal Swaminathan Country flag representing In Director 30-Mar-2007 Current

Financial Performance of Salem Sree Ramavilas Chit Company.

Salem Sree Ramavilas Chit Company Private Limited, for the financial year ended 2020, experienced Minor drop in revenue, with a 8.76% decrease. The company also saw a substantial fall in profitability, with a 59.94% decrease in profit. The company's net worth moved up by a moderate rise of 0.97%.

Graph illustrating revenue growth over time
Graph showing 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
-8.76%
Revenue from Operations
-8.76%
Total Assets
-3.94%
Profit or Loss
-59.94%
Net Worth
0.97%
EBITDA
-15.17%

What is the Ownership and Shareholding Structure of Salem Sree Ramavilas Chit Company?

In 2020, Salem Sree Ramavilas Chit Company had a promoter holding of 31.02% and a public holding of 68.98%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹5.79 M

Charges Breakdown by Lending Institutions

  • Lakshmi Vilas Bank Limited : 0.41 Cr
  • The Lakshmi Vilas Bank Ltd : 0.09 Cr
  • Others : 0.08 Cr

Latest Charge Details

Date Lender Amount Status
25 Jan 2019 Lakshmi Vilas Bank Limited ₹4.14 M Satisfied
17 Feb 2016 Others ₹0.75 M Satisfied
23 Jun 2000 The Lakshmi Vilas Bank Ltd ₹0.90 M Satisfied

How Many Employees Work at Salem Sree Ramavilas Chit Company?

Unlock and access historical data on people associated with Salem Sree Ramavilas Chit Company, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Salem Sree Ramavilas Chit Company, 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 Salem Sree Ramavilas Chit Company'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 Salem Sree Ramavilas Chit Company

Recent activity within the organization

  • Annual General Meeting

    Salem Sree Ramavilas Chit Company Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

    27 Sep 2024

  • Balance Sheet

    Salem Sree Ramavilas Chit Company Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.

    31 Mar 2024

  • Charges

    A charge registered on 17 Feb 2016 via Charge ID 100062841 with Others was fully satisfied on 19 Dec 2022.

    19 Dec 2022

  • Charges

    A charge registered on 25 Jan 2019 via Charge ID 100233858 with Lakshmi Vilas Bank Limited was fully satisfied on 28 Jul 2021.

    28 Jul 2021

  • Charges

    A charge with Lakshmi Vilas Bank Limited amounted to Rs. 4.14 M with Charge ID 100233858 was registered on 25 Jan 2019.

    25 Jan 2019

  • Charges

    A charge with Others amounted to Rs. 0.75 M with Charge ID 100062841 was registered on 17 Feb 2016.

    17 Feb 2016

Frequently asked questions

  • Salem Sree Ramavilas Chit Company Private Limited was incorporated on 21 Jan 1938.

  • The authorized share capital of Salem Sree Ramavilas Chit Company Private Limited is ₹ 3.00 M and paid-up capital is ₹ 1.50 M.

  • Currently 5 directors are associated with Salem Sree Ramavilas Chit Company Private Limited.

    • Veeranam Nagarathinam Sethusubramanian
    • Krishnamoorthy Ramalingam
    • Muniappan Nagarajan
    • Krishnamoorthy Dhandayuthapani
    • Namakkal Venketraman Krishnamoorthy Swaminathan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Salem Sree Ramavilas Chit Company Private Limited is D No 27 Andal Street Shevapet India, Salem, Tamil Nadu, 636002.

  • The corporate identification number (CIN) of Salem Sree Ramavilas Chit Company Private Limited is U65992TZ1938PTC000213 and the company number is 000213 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2020, the revenue trend for Salem Sree Ramavilas Chit Company Private Limited has fallen by -8.76%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Salem Sree Ramavilas Chit Company Private Limited has experienced an upsurge of 0.97%.

  • The most recent Balance Sheet for Salem Sree Ramavilas Chit Company Private Limited was filed with the ROC on 31 Mar 2024.

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