I've got a cheapy paddock stand and it has the same issues as yours.
However, after doing some servicing on the Bandit this weekend (1 of my damn center stand bolts has gone walkies???), and replacing an entire engine on my SV, it won't go anywhere
If your unsure, just bang a new bolt through it and put a nut on the other side to stop it sliding left/right.
I removed the silly springs from the swinging arm support, so just manually allign them to the swinging arm when putting the stand underneath.