REFEX INDUSTRIES Share price

Refex Refrigerants Limited was incorporated as Refex Refrigerants Private Limited on 13th September 2002 under the Companies Act 1956 with Registration Number U28121TN2002PTC049601. The Company was converted into a Public Limited Company on 13th March 2006 with the name "RefexRefrigerants Limited".The Registered Office of the Company is situated 20 Mooker Nallamuthu Street Chennai-600001. The Company has its processing and refrigerant gas filling station at 1/171 Old Mahabalipuram Road Tiruporur-603110 Tamil Nadu. Refex Refrigerants Limited is an ISO 9001 Company engaged in the business of refilling and selling non ozone depleting refrigerant gases popularly known as ?HydrofluoroCarbons? or ?HFCs that are used in auto airconditioners room air conditioners commercialairconsrefrigerators and refrigerating equipments. These refrigerants are the replacements for the CFC?s and HCFC?s which deplete the ozone layer. The CFC?s are to be banned in the country from 2010 after this ban HFC?s have to be replaced with the CFC?s. So Refex saw the potential in the HFC business and started to import this product from across the globe in the year 2000. They were importing this in theirtrading company. After seeing a growth in the imports they had planned to set up a refilling plant in Chennai with the technical collaboration from Kaltech. This inititated the birth of Refex Refrigerants Pvt ltd with a refilling plant in Thiruporur near Chennai. Refex started off with a capacity of 40MT per month with one storage tank and and one ISO tank. Refex achieved a turn over of Rs. 11.17 crores the FY 2005-06. For the nine months period ended 31/12/2006 Refex has achieved a total income of Rs. 42.11 crores.Major events in the History of the Company:Year Event13/09/2002 Refex Refrigerants was incorporated as a Private Limited Company13/03/2006 Converted into a Public Limited Company2/11/2005 The company was awarded with ISO 9001: 2000 Certificate by TUV Management Services21/07/2004 Appreciation Letter received from Minister of State for Commerce & Industry Government of India for the eco-friendly approach of the company to introduce HFCs in place of CFCs in the country and for establishing such a Project in Thiruporur Kancheepuram District.21/07/2006 Entered into Technical Collaboration with Kaltech Engineering and Refrigeration Pvt. Ltd. Singapore