Sudarshan Chemicals Fixed Deposit Scheme – Mar 2013

Sudarshan Chemicals Limited, the Pune based company engaged in the pigment industry offering Fixed Deposit Scheme for 1 to 3 years tenure offering 9.5% – 11% Annual Interest.

Scheme Highlights:

  • Minimum Amount of deposit to be accepted is Rs.25,000/- and in multiple of Rs. 5,000/- thereafter.
  • For single deposit of more than Rs 5 Lakhs for 3 years, additional interest of 0.25% will be offered
  • An additional interest of 0.25% would also be paid for shareholders, employees of the company and senior citizens.
  • Interest would be paid quarterly.
  • There is no Cumulative option.

Interest Rates:

Interest on the fixed deposit will be paid on a quarterly basis. There is no cumulative option for the fixed deposit. For a one year deposit you will get 9.5%, for two years 10% and for three years 11%.

  • For single deposit of more than Rs 5 Lakhs for 3 years, additional interest of 0.25% will be offered
  • An additional interest of 0.25% would also be paid for shareholders, employees of the company and senior citizens.
Sudarshan Chemicals Fixed Deposit Scheme

Sudarshan Chemicals Fixed Deposit Scheme

About Sudarshan Chemicals Limited:

Sudarshan Chemical Industries Limited is an India-based company engaged in the pigment industry. The Company manufactures a range of organic and inorganic pigments, effect pigments, agro chemicals and other products. The Company operates in two segments: Pigment, which consists of manufacturing of pigments and commodity pigments apart from customized pigments for niche segments catering to domestic and international customers and also effect pigments for cosmetics and coating applications, and Agro Chemicals, which consists of products which are generic. It has facilities at Roha and Mahad, Dist. Raigad, Maharashtra. It has also set up an ultra modern research and development facility at Ambedvet, Amralevadi, Dist. Pune, India.

Why should you invest?

  1. The company is offering attractive interest rate of 11% on certain tenures. Banks right now are offering in the range of 8.5% to 9.5%.
  2. The company is profit making and dividend paying.
  3. It posted a net profit of Rs 36.15 crore for the year ended March 2012.

Check best fixed deposit rates by banks here.

Why you should not invest?

Company fixed deposits are unsecured and illiquid. Interest income from company fixed deposits is taxable and for those in the highest tax bracket the post tax return works out to a mere 7.60%.

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