Heat Trace Xicon Ltd

Specializes in electrical heat tracing systems and controls for pipelines and processes.

1989 | Mumbai, Maharashtra (India) | Active
Last Updated: January 22, 2025

Heat Trace Xicon Profile

Key Indicators

  • Authorised Capital ₹ 7.50 M
  • Paid Up Capital ₹ 6.24 M
  • Company Age 35 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.41 Cr
  • Revenue Growth -47.26%
  • Profit Growth -90.82%
  • Ebitda -1017.35%
  • Net Worth -36.45%
  • Total Assets -18.65%

About Heat Trace Xicon

Heat Trace Xicon Ltd (HTXL) is a Public Limited Indian Non-Government Company incorporated in India on 25 May 1989 and has a history of 35 years and nine months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Heat Trace Xicon Private Limited. The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 7.50 M and a paid-up capital of Rs 6.24 M.

The company currently has active open charges totaling ₹4.41 Cr.

Rajesh Bhondiwale, Santosh Karkera, and Sunil Thite serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    xiconinternational.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U51900MH1989PLC051877

  • Company No.

    051877

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    25 May 1989

  • Date of AGM

    11 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Machinery and Equipment

Who are the key members and board of directors at Heat Trace Xicon?

Board Members (3)

NameDesignationAppointment DateStatus
Rajesh Bhondiwale Country flag representing In Director 20-Feb-2017Current
Santosh Karkera Country flag representing In Whole-Time Director 20-Feb-2017Current
Sunil Thite Country flag representing In Director 30-May-2023Current

Financial Performance of Heat Trace Xicon.

Heat Trace Xicon Ltd, for the financial year ended 2023, experienced significant reduction in revenue, with a 47.26% decrease. The company also saw a substantial fall in profitability, with a 90.82% decrease in profit. The company's net worth observed a substantial decline by a decrease of 36.45%.

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
-47.26%
Revenue from Operations
-47.68%
Total Assets
-18.65%
Profit or Loss
-90.82%
Net Worth
-36.45%
EBITDA
-1017.35%

What is the Ownership and Shareholding Structure of Heat Trace Xicon?

In 2023, Heat Trace Xicon had a public holding of 100.00%. The company had 4 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹44.10 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Punjab National Bank : 1.45 Cr
  • Bank Of Credit And Commerce International Ltd : 1.40 Cr
  • Bank Of Baroda : 0.90 Cr
  • Economic Development Corporation Of Goa : 0.66 Cr

Latest Charge Details

DateLenderAmountStatus
14 Oct 2006Punjab National Bank₹1.45 CrOpen
29 Oct 1991Bank Of Baroda₹9.00 MOpen
05 Jun 1991Economic Development Corporation Of Goa₹6.60 MOpen
21 Sep 1989Bank Of Credit And Commerce International Ltd₹1.40 CrOpen

How Many Employees Work at Heat Trace Xicon?

Unlock and access historical data on people associated with Heat Trace Xicon, 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 Heat Trace Xicon, 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 Heat Trace Xicon'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 Heat Trace Xicon

Recent activity within the organization

  • Annual General Meeting

    Heat Trace Xicon Ltd last Annual general meeting of members was held on 11 Sep 2023 as per latest MCA records.

    11 Sep 2023

  • Director Appointment

    Sunil Sitaram Thite was appointed as a Director was appointed as a Director on 30 May 2023 & has been associated with this company since 1 year 8 months .

    30 May 2023

  • Balance Sheet

    Heat Trace Xicon Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Director Appointment

    Santosh Krishnappa Karkera was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 20 Feb 2017 & has been associated with this company since 8 years 4 days .

    20 Feb 2017

  • Director Appointment

    Rajesh Waman Bhondiwale was appointed as a Director was appointed as a Director on 20 Feb 2017 & has been associated with this company since 8 years 4 days .

    20 Feb 2017

  • Charges

    A charge with Punjab National Bank amounted to Rs. 14.50 M with Charge ID 10294759 was registered on 14 Oct 2006.

    14 Oct 2006

Frequently asked questions

  • Heat Trace Xicon Ltd was incorporated on 25 May 1989.

  • The authorized share capital of Heat Trace Xicon Ltd is ₹ 7.50 M and paid-up capital is ₹ 6.24 M.

  • Currently 3 directors are associated with Heat Trace Xicon Ltd.

    • Rajesh Waman Bhondiwale
    • Santosh Krishnappa Karkera
    • Sunil Sitaram Thite
  • As per Ministry of Corporate Affairs (Mca), the registered address of Heat Trace Xicon Ltd is Unit No. 282 2Nd Floor Solaris F Wing Saki Vihar Road, Andheri East India, Mumbai, Maharashtra, 400072.

  • The corporate identification number (CIN) of Heat Trace Xicon Ltd is U51900MH1989PLC051877 and the company number is 051877 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Heat Trace Xicon Ltd is https://www.xiconinternational.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Heat Trace Xicon Ltd has fallen by -47.26%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Heat Trace Xicon Ltd has experienced an downturn of -36.45%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Heat Trace Xicon Ltd amount to ₹ 4.41 Cr.

  • The most recent Balance Sheet for Heat Trace Xicon Ltd was filed with the ROC on 31 Mar 2023.

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