Ultra Wiring Connectivity Systems Share price and Fundamental Analysis

Company History

The Company was incorporated as a Private Limited Company namely 'Ultra Wiring Connectivity System Pvt. Ltd.' under the Companies Act, 1956 vide Certificate of Incorporation dated June 01, 2005 issued by Registrar of Companies, NCT of Delhi and Haryana. Further, Company was converted into a Public Limited Company in pursuance of a Special Resolution passed by the Members of Company at the Extra Ordinary General Meeting held on February 16, 2018. A fresh Certificate of Incorporation consequent to conversion was issued on February 27, 2018 by the Registrar of Companies, NCT of Delhi and Haryana and consequently, name of the Company got changed from 'Ultra Wiring Connectivity System Pvt. Ltd' to 'Ultra Wiring Connectivity System Limited'.

The Company is engaged in the business of manufacturing and selling of Couplers, automotive Connectors, cable tie clips blade fuses and allied products for OEMs and Tier I manufacturers. Now, the Company has entered into manufacturing of 'Conventional Wiper Blades' for passenger cars and trucks.

The Company has manufacturing plant situated near Delhi at HSIDC Industrial Area, in Faridabad. The Company owned a Godown in Pune and Chennai to cater the Western and Southern markets in India and an under-construction unit in Industrial Model Town' of Faridabad. The Company caters to domestic market mainly with few exports.

Presently, the manufacturing plant is equipped with 26 Fully Automatic- PLC Controlled Injection Molding Machines supported by a well-equipped Tool-Room, where components are manufactured as perJapanese Standard JASO -D 616-2011 & ISO - 8092. The plant has total capacity of 120-135 lacs couplers per month on 24 hours 3 shift basis presently, being producing 100-110 lacs couplers per month.

The Company is supplying couplers to almost all the automobile manufacturers in India. The Company is an approved source for Tata Motors, Bajaj Auto Ltd., Maruti Udyog Ltd, TVS Motors, Kinetic Engg, etc. The Company is also supplying connectors to many valued customers all over India manufacturing wiring harnesses, switches, lights, etc. for auto-industries such as Tyco Electronics Ltd., Tata Yazaki Autocomp / Yazaki India Ltd, Minda Group of Industries, Lumax Group of Industries, Fiem Industries Ltd and also exporting to M/s. Thai Summit Harmess, Thailand and Fujikura Automotive, Paraguay (SA) etc., all of these are very discerning about quality & performance.

The Company is registered as Small Scale Industries (SSI) unit' with MSME. For improving the quality, Company is certified as IATF 16949: 2016 by M/s TUV SUD Management Service GmbH. Empowered with experienced Die & Tool Makers, the Company follow all necessary connectors design procedures at par with International Standards. During each Tool Making procedure, the Company make sure that each Connector structure actually adheres to the International quality guidelines depending on the type of application. At the Tool Room section, the Company is equipped with 2-D & 3-D facilities for designing of both Mould and Connectors.

In 1991, the Company incorporated a Sole Partnership Firm as a name of 'Ultra V.S. Engineering' to start manufacturing of DIN Connectors for Hydraulic Valves with Brand Name of 'UVS'. In 1993, the Company started manufacturing Automobile Connectors for 2-Wheelers with Manual Plastic Moulding Machine. In 1994, the Partnership Firm changed into Proprietorship Firm. In 1995, the Company established own in-house Tool-Room. In 1996, the Company installed Semi-automatic Injection Molding Machines for manufacturing of Connectors for both 2-Wheelers and 4-Wheelers. In 1999, the Company established own New Plant in Nehru Ground, Faridabad with Fully-Automatic Injection Molding Machines. In 2002, the Company was accredited as a TS-16949 certified from TUV-Sud Germany. In 2005, Constitution of Firm changed into Private Limited Company and was renamed Ultra VS Engg. as Ultra Wiring Connectivity System Pvt. Ltd. In 2005, the Company was founded and promoted by Mr. Sanjay Mathur and Mrs. Archana Mathur. In 2006, the Company constructed a New Plant/ H.O. Faridabad Plot No. 287-A&B, Sector-59, HSIDC Industrial Estate, Ballabgarh, Faridabad-121004, Haryana (India). In 2007, the Company shifted to New Unit at HSIDC Industrial area and started manufacturing operations at the Head Office. In 2007, the Company received 'Best Supplier Award' from Tata Yazaki for the Year 2006-07. In 2009, the Company increased product range from connectors and started manufacturing Cable Tie Clips and Bulb Holders also. In 2009, the Company received Best Supplier Award from Tata Auto Components Limited for the Year 2009. In 2009, the Company received Best Supplier Award from Tata Yazaki for the Year 2009 In 2010, the Company purchased land at Pune, Maharashtra and setup a new unit / branch. In 2010, the Company received Best Supplier Award from MINDA for the Year 2009-10 In 2012, the Company established Unit II at Faridabad Plot No. 287, Sector-59, HSIDC Industrial Estate, Ballabgarh, Faridabad to expand its capacity. In 2013, the Company set up a New Tool-Room with state-of-the-art technology machines at new unit at HSIDC Industrial Area. In 2013, the Company imported Injection Molding Machines from Taiwan and Philippines to enhance the capacity. In 2014, the Company purchased new land at Industrial Model Town (IMT) Faridabad for expanding capacity in future. In 2015, the Company introduced a computerized information system in entire production unit for management reporting. In 2017, the Company produced high-voltage products for IJL and Neolite for automobiles. In 2017, the Company got 'Green Certification' from MACE (a Unit of Maruti Suzuki) after their tough audits. In 2018, the Company accredited as a quality-guarantee system IATF-16949 from TUV-Sud Germany. In 2018, the Company followed the procedures of NSE-Emerge and came up with IPO by issuing its Public shares in open market. In 2018, the Company issued Bonus Shares in the ratio of 1: 10. In 2018, the Company bagged 'Overall Best Supplier Award' from Lumax Ancillary Ltd. In 2019, the Company plant at IMT Faridabad is going to operational from onwards, April 2019. In 2021, the Company has been honored with 'IPF Fastest Growing Manufacturing Company Award' organized by IPF Industrial Excellence Awards 2021 under the category 'Electrical and Electronics (Small SME)'.