Excellent Wires & Packaging Ltd. IPO

We started our business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, ... H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent. Our other packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes are purchased from the market and sold to our customers on as and when need basis. These packaging products are sold under the brand name of Excellent. We supply our products to various industries viz. Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable etc. Our Company was incorporated on March 16, 2021 to pursue the business of Perfect Wire Industries in corporate entity and reduced the business in partnership firm over a period of time and is stopped from August 2021 and entire production facility with assets was rented to our Company vide agreement dated June 01, 2021 and it sold all machines to our Company on March 01, 2024 at Rs. 17.75 Lakhs vide their invoice no. PW/FA/001 at written down value. As on date above business is completely carried on in Excellent Wires and Packaging Limited. We leased a property in Panvel from Dhara Brass Wire Private Limited starting from 1st May 2022, which included existing machinery with an installed capacity of 360 MTPA. This enabled us to launch a new product line of brass wires. However, managing two separate manufacturing units became challenging, leading us to vacate the Panvel property by 30th April 2024. To streamline operations and reduce costs, we rented a new property (Gala No. 3) next to our original unit in Palghar. This move also provided financial benefits due to lower rental expenses compared to the Panvel unit. Right from the raw material selection to the packing and dispatch of our final products we do not compromise on quality. At incoming stage our raw materials are subjected to various in-house as well as NABL accredited external lab tests to ascertain the quality received is as per the specified standards. At process stage we have testing Equipments to conduct in-house tests on regular basis. At final stage before dispatch, we conduct batch-based testing at our in-house lab and selected samples are sent to external labs as well. With checks at all stages, we make sure the quality of material supplied to our customers are of requisite quality. We have been awarded ISO 9001:2015 Certification which is an internationally recognized standard that ensures we have an effective quality management system. This certification demonstrates our rigorous quality standards and commitment to continuously improve our business processes. Quality and on-time delivery remain our highest priority and we are proud to say that we excel at both. We are engaged in the sale of following broad categories of products: • Brass Wires & Products • Steel Wires & Products • Other Products viz. Packaging Products Read more

STEEL WIRE INDUSTRY
Established in India in 1920s, the Steel Wire Industry has progressed remarkably and has successfully developed and manufactured various types of high carbon, alloy steel and special steel wires in addition to mild steel wires. The industry has become versatile enough to ... meet the requirements of numerous consuming sectors. This sophistication has been possible due to continuous and well-planned R & D efforts on part of the manufacturers with patronage of SWMAI. The result has been that the industry is in a position to manufacture and supply steel wires, both in the domestic and the international markets, in accordance with Indian (BIS) and international (ASTM, DIN, JIS, BSS) standards. The demand of wires is expected to increase in leaps and bounds in the years to come. Out of the total steel consumed in India wire constitutes only 5%. However, if pace of development picks up the domestic consumption of wires will increase by 2% - 3% to 7% - 8% of the steel consumption. In our Country, if we closely look at the wire demand, almost 88% of it is for wires in plain carbon steel grades, 5% would be for Stainless Steel grades and the balance would be for Alloy Steel Wires. On further analysis, out of the plain carbon wires almost 75% to 80% of the demand is for black/uncoated wires and the balance 20% to 25% is for wires coated with other base metals e.g. Zinc (Galvanized), Copper, Bronze, and other coating materials. Key Growth Indicators for Wire and Cable Market in India. • Increasing Demand for Renewable Power Generation is a Vital Trend • Growing Demand from Data Centers and IT Facilities is a Current Trend • Demand for Cables in Railways • 5G Infrastructure will Create the Demand for Cables • Escalating urbanization & Growth in Infrastructure The cable & wire industry in India is a significant sector which has registered robust growth over decades led by the government’s focus on providing power to all. It plays a crucial role in supporting the infrastructure development and electrical needs of the country. The domestic cables and wires industry has registered robust growth over the last five years led by the government’s focus on providing power to all and gradual pickup from the housing market. The Cables and Wires (C&W) industry is expected to grow at a compound annual growth rate (CAGR) of 12% over FY 2021- 26. Growth is expected to be driven by upbeat construction activity in the housing sector and government initiatives in the power and infrastructure sectors. Further, electrification of rural villages and households, improved transmission and distribution systems along with increased demand from renewable power generation will drive growth of electrical cables. Read more