Rexon Strips Limited

Manufacturer of iron and steel products with capacity for sponge iron, ingots, and ore beneficiation.

1993 | Sundergarh, Odisha (India) | Active
Last Updated: October 24, 2024

Rexon Strips Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 8.10 Cr
  • Company Age 31 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 28.27 Cr
  • Satisfied Charges ₹ 56.09 Cr
  • Revenue Growth 5.23%
  • Profit Growth -13.95%
  • Ebitda -16.22%
  • Net Worth 49.00%
  • Total Assets 1.45%

About Rexon Strips

Rexon Strips Limited (RSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 June 1993 and has a history of 31 years and eight months. Its registered office is in Sundergarh, Odisha, India.

The Company is engaged in the Metals And Minerals 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 15.00 Cr and a paid-up capital of Rs 8.10 Cr.

The company currently has active open charges totaling ₹28.27 Cr. The company has closed loans amounting to ₹56.09 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Rexon Strips Limited India is Swati Kejriwal as COMPANY SECRETARY. Prahalad Kejriwal, Chandra Kejriwal, Namit Bagaria, and Two other members serve as directors at the Company.

Company Details

  • Location

    Sundergarh, Odisha, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    rexon.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27109OR1993PLC003344

  • Company No.

    003344

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    08 Jun 1993

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Cuttack

Industry

Metals and Minerals

Who are the key members and board of directors at Rexon Strips?

Executive Team (1)

NameDesignationAppointment DateStatus
Swati Kejriwal Country flag representing In Company Secretary11-Mar-2019Current

Board Members (5)

NameDesignationAppointment DateStatus
Prahalad Kejriwal Country flag representing In Director 27-May-1996Current
Chandra Kejriwal Country flag representing In Director 27-May-1996Current
Namit Bagaria Country flag representing In Director 31-Mar-2015Current
Adarsh Kejriwal Country flag representing In Director 20-Jul-2022Current
Sandeep Prasad Country flag representing In Director 01-Jul-2023Current

Financial Performance of Rexon Strips.

Rexon Strips Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 5.23% increase. The company also saw a substantial fall in profitability, with a 13.95% decrease in profit. The company's net worth Soared by an impressive increase of 49%.

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
5.23%
Revenue from Operations
5.23%
Total Assets
1.45%
Profit or Loss
-13.95%
Net Worth
49.00%
EBITDA
-16.22%

What is the Ownership and Shareholding Structure of Rexon Strips?

In 2023, Rexon Strips had a promoter holding of 89.17% and a public holding of 10.83%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹28.27 Cr

Satisfied Charges

₹56.09 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 27.70 Cr
  • Hdfc Bank Limited : 0.45 Cr
  • The Lakshmi General Finance Limited : 0.12 Cr

Latest Charge Details

DateLenderAmountStatus
28 May 2024Hdfc Bank Limited₹4.51 MOpen
15 Mar 2024State Bank Of India₹27.70 CrOpen
16 Aug 1995The Lakshmi General Finance Limited₹1.18 MOpen
07 Feb 2022Uco Bank₹2.17 CrSatisfied
18 Mar 2021Uco Bank₹4.36 CrSatisfied

How Many Employees Work at Rexon Strips?

Rexon Strips has a workforce of 187 employees as of Mar 27, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rexon Strips, 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 Rexon Strips'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 Rexon Strips

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.45 Cr with Charge ID 100954229 was registered on 28 May 2024.

    28 May 2024

  • Charges

    A charge registered on 07 Feb 2022 via Charge ID 100561359 with Uco Bank was fully satisfied on 14 May 2024.

    14 May 2024

  • Charges

    A charge registered on 18 Mar 2021 via Charge ID 100455169 with Uco Bank was fully satisfied on 14 May 2024.

    14 May 2024

  • Charges

    A charge registered on 10 Nov 2004 via Charge ID 90081317 with Uco Bank was fully satisfied on 14 May 2024.

    14 May 2024

  • Charges

    A charge registered on 16 Mar 2021 via Charge ID 100466352 with Hdfc Bank Limited was fully satisfied on 24 Mar 2024.

    24 Mar 2024

  • Charges

    A charge with State Bank Of India amounted to Rs. 27.70 Cr with Charge ID 100889453 was registered on 15 Mar 2024.

    15 Mar 2024

Frequently asked questions

  • Rexon Strips Limited was incorporated on 08 Jun 1993.

  • The authorized share capital of Rexon Strips Limited is ₹ 15.00 Cr and paid-up capital is ₹ 8.10 Cr.

  • Currently 6 directors are associated with Rexon Strips Limited.

    • Prahalad Kejriwal
    • Chandra Kumar Kejriwal
    • Namit Bagaria
    • Adarsh Kejriwal
    • Sandeep Kumar Prasad
    • Swati Kejriwal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Rexon Strips Limited is At Kumkela Post- Lathikata India, Rourkela, Orissa, 770037.

  • The corporate identification number (CIN) of Rexon Strips Limited is U27109OR1993PLC003344 and the company number is 003344 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Rexon Strips Limited is https://www.rexon.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Rexon Strips Limited has risen by 5.23%.

  • As Per 2023 financial reports, 187 employees are currently employed by Rexon Strips Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Rexon Strips Limited has experienced an upsurge of 49.00%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Rexon Strips Limited amount to ₹ 28.27 Cr.

  • The most recent Balance Sheet for Rexon Strips Limited was filed with the ROC on 31 Mar 2023.

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