WONDER ELECTRICALS Share price

Ceiling and exhaust fansareimportant electro mechanic devices used in every household and commercial space adding value to the living interiors in terms of looks and air comfort. Fans have today become a necessity and not just a luxury. We are a fully integrated end-to-end product and solution suite to the original sellers of the fans wherein we provide start to end solutions for fan sellers including sthecing manufacturing quality testing and packaging. We manufacture and supply fans to many well-known companies in India which in turn distribute these products under their own brands. the Company was originally incorporated at Delhi as “Wonder Fibromats Private Limited” on 13th October 2009 under the provisions of the Companies Act 1956 vide Certificate of Incorporation issued by the Registrar of Companies NCT of Delhi & Haryana. Consequent upon the conversion of the Company into public limited company the name of the Company was changed to “Wonder Fibromats Limited" vide fresh Certificate of Incorporation dated July 5 2018 issued by the Registrar of Companies Delhi. the Company is engaged in the manufacturing of ceiling fans exhaust pedestaland brushless DC (BLDC) fans. All the parts & components of the fansare tested stringently at the in-house quality management lab to ensure their flawless performance. Moreover various R&D activities are conducted by the professionals to remain abreast of the latest market requirements and competition. Apart from this we have also set up a client-satisfaction cell which is supervised by the quality check (QC) departmentthat reviews thecomplaints regarding the products directly from clients. At Wonder Fibromats Limited we manufacture and supply a wide range of ceiling exhaust pedestal and BLDC fans in various attractive designs and patterns which are known for their high performance and low power consumption in the market. the range of fans is available in different designs colthes and has superior gloss finishes that add grace to the decor of the surroundings.We also manufacture these fansas per specification of the clients which include well-knowncompanieswhich are selling under their own brands in India. the fansare manufactured in accordance with the strict industrial standards and these extra durable ceiling exhaust pedestal and BLDC fans are known for their features such as superior strength fine finish and make us the one of the established fansmanufacturers in India. We believe that we have continuously diversified the product portfolio to keep pace with changing consumer trends and development in technology.The in-house R&D team apart from undertaking aesthetic electrical and mechanical design andcomponent engineering also assists the customers in cost reduction through value engineering. This enables us to address consumer requirements across geographies introduce new and unique products in the market and enhance existing products with emerging technologies. the R&D Facilities include the following: 1. Computer Aided designing tools like AutoCAD ProE etc.; 2. Fully functional Lab for testing & validation of design; 3. Semi-Automatic Air Delivery Chamber with Imported Anemometer; 4. Access to all in-house processes like CNC Machining Automatic Winding Shop Press Shop for Blade Fabrication Paint-Shops etc. We have state-of-the-art manufacturing facility which is strategically located at Khasra No. 105-106 Raipur Industrial Area Bhagwanpur Roorkee-247667 meeting all the quality requirements of the customers. the manufacturing facility has been accredited with quality management system and environmental management system certificate for compliance with ISO 9001:2015& ISO 14001:2015 requirements respectively. Further few of the products are also compliant with quality standards issued by the Bureau of Indian Standards and the facility is BIS approved for using ISI mark on qualifying products. For further details refer to the sub-section titled “the Manufacturing Facilities” on page 126 of the Prospectus. We are also in the process of setting up a new manufacturing facility in Hyderabad for an estimated production capacity of manufacturing 2400000 fans per annum presuming 300 operating days in a year and single Shift (12 Hthes)-working basis.DETAILS OF MAJOR EVENTS AND MILESTONES :2009- Incorporation of the Company in the name and style of “Wonder Fibromats Private Limited”.2013- The Promoter acquired the control over the Company.- The Company started Manufacturing.- Alteration in the Object Clause of Memorandum of Association2018- Conversion of the Company into public Limited Company and consequently change of Name of the Company from “Wonder Fibromats Private Limited” to “Wonder Fibromats Limited”