Ajcon Global has come out with its report on Bharat Wire Ropes IPO. The research firm has recommended to "SUBSCRIBE" the IPO with Cautions in its research report as on March 17, 2016.
Ajcon global Research report on BHARAT WIRE ROPES
Bharat Wire Ropes Limited was incorporated in July, 1986, the Company is converted into public limited company in May, 1992. The Company is engaged in Manufacturing and Sale of Wire Ropes, Structural Strands, Slings and Wires. Company’s products find its application in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defense, railways etc.
Company has a well-diversified customer base of more than 600 large and medium size customers all over India including oil & gas, mining, fishing, ports & marine, elevator, power transmission, railways, construction, infrastructure, defense, crane manufacturers, etc. The Company receives repeat orders from~30% of its customers. The Management believes that the diversified customer base has helped the Company to reduce the intensity of any significant single industry’s contribution in revenues.
a) Latest technology
b) Experienced management team
c) Diversified client base
d) Diversified product mix
e) Ability to provide quality services
a) Higher investment and marketing efforts
b) Delay in implementation of the project
a) Potential Market Opportunity
b) Low cost of manufacturing
a) Competitive rivalry
b) Product price volatility
Overview Of new manufacturing
1) Fully integrated wire rope plant under one roof
a) Straight line material flow
b) Minimum material handling
c) Factory within factory by line management concept
2) Synchronized manufacturing facilities
a) Balanced capacity based on theory of constraint
b) Standardization of machines
c) Minimum supervision and wastage
d) The Company’s new facility aims to achieve least material handling cost, minimal wastage and very fast deliovery.
e) BWRL proposes to procure and install machinery having the latest technology to achieve better quality products
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First Published on Mar 17, 2016 06:26 pm