­­Established in 1985 Sivasubramania Textiles is a partnership firm engaged in manufacturing of cotton, yarn and cloth. It also generates wind power energy. Mr. Venkatasamy Sampathkumar and Mr. Venkatasamy Ramamoorthy are the partners of the firm. Its registered office is in Coimbatore.

­Sivasubramania textiles (SST), Vellingiri andavar textiles private Limited (VATPL) and C N V textiles private Limited are the group companies managed by two brothers C.V. Ramamoorty and C.V Sampath Kumar. The promoter of the group C.N Venkataswami during 1985 incorporated CNV textiles private Limited as a ginning factory. Later, diluted into Sivasubramania textiles and Vellingiri andavar Textiles private Limited and started Yarn manufacturing. The group produces yarn of 20s to 80s counts and compact yarn. Currently the group has the production capacity of 100,000 spindles and 10 rotors. The group has its own wind mills which can produce 10 M.W of electricity. Apart from these the group also have solar electricity system (Including ground mounted and rooftop)which can produce around 18 M.W electricity these contribute around 90% of the power usage of the group.
 

­Acuité has been requesting for data, information and undertakings from the rated entity for conducting surveillance & review of the rating. However, the issuer / borrower failed to submit such information before the due date. Acuité believes that information risk is a critical component in such ratings, and noncooperation by the issuer along with an unwillingness to provide information could be a sign of potential deterioration in its overall credit quality. This rating is therefore being flagged as “Issuer not-cooperating”, in line with prevailing SEBI regulations and Acuité’s policies.

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