33
January 2008 Presentation by Motherson Sumi Systems Limited Together we make it happen

January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

  • Upload
    others

  • View
    5

  • Download
    0

Embed Size (px)

Citation preview

Page 1: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

January 2008

Presentationby

Motherson Sumi Systems Limited

Together we make it happen

Page 2: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Motherson Sumi Systems Limited

SWS27.3%

Sojitz9.6%

FIIs & MutualFunds10.3%

Public18.6%

Sehgal Family34.2%

Sumitomo Wiring Systems Ltd. (SWS):� Subsidiary of Sumitomo Electric Industries , Japan

� The third largest Manufacturer of wiring harnesses in theworld and the second largest in Asia with. Current marketshare – about 20 %in the world passenger car market

� Turnover of JP¥ 511.958 billions ( 2006-07)

Sehgal Family� Started Motherson Group in 1975� Technical Agreement with Tokai Electric Industries,

Japan in 1983 for Manufacturing of wiring Harnesses

� Established Motherson Sumi Systems Ltd. (MSSL ) inJV with SWS in 1986.

� Share holding held in MSSL in individual names andthrough Motherson Consultancy Pvt. Ltd. (reversemerged into Samvardhana Motherson Finance Ltd.)

� Group Turnover USD 625 Million (2006-07)

Sojitz Corporation� One of the leading trading & investment houses of the

world

� Diversified portfolio having 188 Domestic and409 Overseas affiliates

Shareholding Pattern

As on date

Page 3: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Presence in India

NOIDA & NCR REGIONKANDLA

BANGALORECHENNAI

PONDICHERRY

NASHIK

� Wiring Harness� Wires� Fuses & Fuse Holders� Tubes� Plastic Molding� Rubber Injection Molding� IP, Door Trim & Bumpers� Automotive Rearview Mirrors� Design Engineering� Injection Molding Tools� IT Solutions� Press Die Design� Cutting Tools� Machining Solutions� Air Compressors� Paint Coating Equipment� Auxiliary Equipment for Injection Molding Machines� Automotive Manufacturing Engineering� Sunroofs� Bus Air Conditioners� Industrial Robots – Sales, Installation & Service

� Rubber Injection Molding

� Wiring Harness� Automotiv e Manufacturing

Engineering� Sunroofs

� Wiring Harness� Wires� Plastic Molding� Metal Machining

� Wiring Harness� Wires� Plastic Molding� IP, Door Trim & Bumpers� Automotiv e Rearview Mirrors� Injection Molding Tools� Cabins for Off-Highway Vehicles

� Design Engineering

� MSSL � Group

PUNE

� Plastic Molding

Sales Manufacturing

Page 4: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

� Strategic Sourcing

� Rubber Extrusion� Waste Recycling

Systems� Design Engineering

� Wires

� WiringHarness

� Design Engineering� Representative Office

� Plastic Molding� Metal Machining� Representative Office

� Wiring Harness� Plastic Molding� Injection Molding Tools� Liquid Silicon Rubber

Injection Molding

� PlasticMolding

� DesignEngineering

� RepresentativeOffice

� RepresentativeOffice

Global Presence

IRELAND UK GERMANY CZECH REPUBLIC

AUSTRIA

SINGAPORE

SRI LANKA

AUSTRALIAMAURITIUS

SHARJAH

USA

� MSSL � Group

INDIAINDIA

Page 5: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Business Area Wise Sales Composition

Rubber &Metal10%

Polymer26%

WiringHarness

64%

Page 6: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Wiring Harness Manufacturing

� Backward integration for critical inputs for wiringharnesses such as wires, connectors, terminals,fuses and fuse boxes

� Established customer specific collaborations forHyundai and DaimlerChrysler

� Consistently having over 65% share of wiringharness market for passenger cars in India

� Direct exports to the customers as well asexporting back to collaborators

� Over 13000 Types of Wiring Harness ProducedAnnually

� Over 24000 Types of Components Handled inManufacturing

� 20 Manufacturing Units� Over 20 Million Wiring Harnesses Produced

Annually

Wiring HarnessDesign

Fuses &Fuse Boxes

Caps &Sleeves

In-house Facilities

Clamps &Binders

Grommets& Seals

Applicators Jigs AssemblyBoards

CircuitBoards

MaterialHandling

Process Engineering

Terminals

Connectors

Wires

� Component Design� Tool Manufacturing� Component

Manufacturing

Page 7: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

India – Noida / Manesar /Chennai / Pondicherry /Bangalore

Sharjah

� Over 14,000 Tons of PolymerProcessed Annually

� Over 2100 Types of ComponentsProduced

� Over 1160 Million ComponentsManufactured Annually

� World class Molding Facilities� Injection, Thermoset, Gas, Compression

and Blow Molding� 14 Component Molding Facilities� Injection Molding Machines from 20

Tons – 3200 Tons� Complete In-house Post Processing

Facilities including Paint Shop� Robotic Trimming Operations

Polymer Processing

Germany

Czech Republic

Page 8: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Rubber, Metal and Other Parts

� Manufacturing Locations at Noida, Kandla (SEZ)& Sharjah in Joint Venture With WocoIndustrietechnik GmbH (WOCO)

� Acquired the business of Empire Rubber inAustralia, engaged in Rubber Mixing &manufacture of Extruded Rubber components

� Supplying Products for Automotive applications,Kitchen appliances, Measuring & ControlTechnology and Medical Equipment Applications.

� Buy back arrangement with WOCO

Rubber Parts

� Manufacturing Locations at Noida & Chennai

� Specializes in black box designing of automotive rear vision systems

� leading supplier of rear vision systems to major automobile manufacturers in India.

Rear Vision Systems

� Manufacturing locations at Bangalore, Chennai &Germany

� Specialisation in high precision machined metalcomponents and assemblies.

� Supplying cooling solutions to leading computermanufacturer & metal components to Tier-Imanufactures in Europe

Machined Metal Parts

Page 9: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Providing Full System SolutionsMSSL is providing Full System Solutions to itscustomers from product design to tooling,molding, manufacture, assembly and supply ofIntegrated Modules like IP (Dashboard) and DoorTrim Modules

Examples

MSSL manufactures most of the plastic parts forFord Fiesta - bumper to bumper (includingbumpers) its value contributions to the Fiesta isamong the highest across the vendors for thecar.

MSSL has also been a partner for most of thesemodules right from the design stageundertaking designing & development ofComponents and assemblies

Page 10: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Moving Towards Modularisation

Automotive MirrorsInjection Molding Tools Aerobin

Rubber & Liquid Silicon Parts Machined MetalProducts

Injection Molded Components & Assemblies Blow Molded Components

Cockpit - Mercedes IP - Fiesta Bumper - Fiesta Door Trim & Interior Trims - Fiesta

AC Housing TV & Monitor Cabinets

IP - Civic

Wiring Harnesses and Related Modules

Page 11: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

MSSL Subsidiaries & Joint Ventures

India

SCHEFENACKERMOTHERSON LTD.

MSSL

SCHEFENACKERINTERNATIONAL AG

BALDA MOTHERSONSOULTION INDIA LTD.

51%

60%

40%

Sharjah Europe

WOCO MOTHERSONLTD. (FZC)

MSSL MIDEAST (FZE)

MSSL TOOLINGSLTD.(FZE)

MOTHERSON SUMIWIRING SYSTEM LTD.(FZC)

MSSL IRELAND PVT. LTD.(Ireland)

MSSL POLYMERS GmbH(Germany)

MSSL GB LTD. (U.K.)

MOTHERSONSUMIREINER GmbH (Germany)

MSSL ADVANCEDPOLYMERS S.R.O.(Czech Republic)

GLOBAL ENVIRONMENTMANAGEMENT (FZC)

MSSL MSSL

100%

100%

100%

100%

100%

66.7%WOCO FRANZ JOSEFWOLF HOLDING GmbH

SUMITOMO WIRINGSYSTEMS LTD.

E-COMPOST PTY LTD.

49%

49.99%

100%

100%

33.3%

51%

50.01%

KYUNGSHIN INDUSTRIALMOTHERSON LTD.

MOTHERSON PUDENZWICKMANN LTD.

WOCO MOTHERSONELASTOMER LTD.

WOCO MOTHERSONADVANCED RUBBERTECHNOLOGIES LTD.

56%

33.3%

33.3%

50%

KYUNGSHININDUSTRIAL CO.

WILHELM PUDENZ GmbH.WICKMANN WERKE GmbH

WOCO FRANZ JOSEFWOLF HOLDING GmbH

WOCO FRANZ JOSEFWOLF HOLDING GmbH

50%

44%

66.7%

66.7%

49%

MOTHERSONELECTRICAL WIRESLANKA PVT.LTD.

MSSL

100%

Sri Lanka MSSL

Australia

50.01%GLOBAL ENVIRONMENTMANAGEMENTAUSTRALIA PTY. LTD.

CALSONIC KANSEICORP.

CALSONIC KANSEIMOTHERSON AUTOPRODUCTS LTD.

51%

BALDA AG

49%

80%MOTHERSONELASTOMERS PTY. LTD.

Page 12: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Growing Faster - Sales

1545

13091,210

990

723

0200400600800

1,0001,2001,4001,6001,800

2002-03 2003-04 2004-05 2005-06 2006-07

Uni

ts in

'000

Cars & MUV

45815861

31294384

55826788

9752

0

2,000

4,000

6,000

8,000

10,000

12,000

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08 HY

2007-08 H1

Rup

ees

in M

illio

n

MSSL - Domestic

2619

3385

5524

3368

22301515

1059

0

1,000

2,000

3,000

4,000

5,000

6,000

2002-03

2003-04

2004-05

2005-06

2006-07

2006-07 H1

2007-08 h !

Rupe

es in

Mill

ion

MSSL – Outside India

72009246

15,276

10,156

7,8125,899

4,188

02,0004,0006,0008,000

10,00012,00014,00016,00018,000

2002-03

2003-04

2004-05

2005-06

2006-07

2006-07 H1

2007-08 HY

Rup

ees

in M

illio

n

MSSLCAGR20.91% CAGR

38.20%

CAGR32.87% CAGR

51.13%

28.4%

21.4%29.3%

Page 13: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Sales Profile 2006-07

India64%

OutsideIndia36%

Others44%

TATA3%SWS

3%M&M

3%

HSCIL5%

FORD7%

MARUTI18%

HYUNDAI9%

SEWS-H3%

NACCO3%

TRW2%

Customer Wise

India Vs Outside India

Page 14: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Focus on Profitability

Profit After Tax

652

840

1295

540

862

1071

312

0

200

400

600

800

1000

1200

1400

2002-03

2003-04

2004-05

2005-06

2006-07

2006-07 H1

2007-08 H1

Rs. i

n M

illio

n

Profit Before Tax

435

858

1261

1625

671

1019

1130

0

200

400

600

800

1000

1200

1400

1600

1800

2002-03

2003-04

2004-05

2005-06

2006-07

2006-07 H1

2007-08 H1

Rs.

in M

illio

n

CAGR39.02%

CAGR42.73%51.9%

59.6%

Page 15: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Focus on ROCE

1,138 1609 22002877

3796742955

1238

1573

1688

2715

2914

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2002-03 2003-04 2004-05 2005-06 2006-070%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Net Worth Loans FCCB ROCE %

RETURN ON CAPITAL EMPLOYED

Page 16: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Capital expenditure & FCCB Issue

Capital Expenditure

673

1029

1474

1779

0

200

400

600

800

1000

1200

1400

1600

1800

2000

2003-04 2004-05 2005-06 2006-07

Rs. in

Milli

on

(32.26)

73.92(11.28)

7.3977.81

2007-2008(Apr-Sep’07)

81.98

136.17(34.24)

14.78155.63

2006-2007(Apr-

Mar’07)

56.046.32ExchangeLoss/(Gain)

298.9688.87Total Finance Cost(77.97)(32.45)Interest Income

33.2511.08Issue Expenditure343.68110.24

Premium onRedemption

Total(July’05- Sept

’07)

2005-2006( July 05-March 06)

Rs. In MillionExpenditure Charged to Profit & Loss Account

Euro 4.50 millionsLess : converted into shares

126.77% of Issueprice

Redemption price , if not converted/redeemedearlier then, on 16th July 2010

NilCoupon RateRs. 74.30 Per Share

Conversion price @ 150% ofshare price at thetime of issue of FCCB

Euro 45.80 MillionsFCCB Outstanding

Euro 50.30 MillionFCCB Issue in July 2005

Page 17: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Dividend Payout

Dividend Payout Ratio 40%

177

132

308

412

268

42%

32%29%

32%

46%

36%

43%

37%36%

27%

0

50

100

150

200

250

300

350

400

450

2002-03 2003-04 2004-05 2005-06 2006-07

Div

iden

d (R

s. in

Mill

ions

)

10%

15%

20%

25%

30%

35%

40%

45%

50%

Div

iden

d to

PA

T (%

)

Dividend AmountDividend to PAT(Standalone)Dividend to PAT(Consolidated)

� Bonus Issue in 1997-98: One shareagainst Two shares held

� Bonus Issue in 2000-01 : One shareagainst Two shares held

� Bonus Issue in 2004-05 : One shareagainst Two shares held

� Bonus Issue in 2007-08 : One shareagainst Two shares held

Bonus Issues

Return to Shareholders

Page 18: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

352

1000

179 228

0

200

400

600

800

1000

1200

2004-05 2005-06 2006-07 2009-10

US$

in m

illio

n

Setting New Targets ( as set out in 2005)

Targets set for year 2010

60% of ourconsolidated turnover

should cater to therequirements of ourcustomers outside

India

Have a customer profilewhere contribution fromany individual customerin our turnover shall notbe more than 20% of the

total turnover

Make MSSL a BillionDollar Company

36%

60%

33%29%

0%

10%

20%

30%

40%

50%

60%

70%

2004-05 2005-06 2006-07 2009-10

Perc

enta

ge 18%20%

23%27%

0%

5%

10%

15%

20%

25%

30%

2004-05 2005-06 2006-07 2009-10

Perc

enta

ge

AlreadyAchieved

Page 19: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Setting New Targets ( as set out in 2005)

Strive to maintainbusiness ROCE of 40%

Shift our stated dividendpolicy of 40% payout ofthe company’s profits to

40% payout of theconsolidated Profits

Targets set for year 2010

28%

40%32%

39%

0%5%

10%15%20%25%30%35%40%45%

2004-05 2005-06 2006-07 2009-10

Perc

enta

ge

32%

40%

29%32%

0%5%

10%15%20%25%30%35%40%45%

2004-05 2005-06 2006-07 2009-10

Perc

enta

ge

Page 20: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Road to the Targets

Growth inDomestic Market

Growth inOverseas Market

New Technologies& JVs

� Growth in the domesticmarket

� MSSL rate of growthhigher than the industrygrowth

� Strong relationship ofSWS with OEs likeNissan and Volkswagenwill help MSSL

� Extending the entirerange to new upcomingmodels

� New Car companiessetting facilities forexports in India

� New Acquisitions bring moreopportunities

� Penetration into existing marketsand opening of new segments

� Exporting back to thecollaborators

� The company willcontinue introducingnew components as percustomer requirements

� New JVs such as Baldato add to the growthmomentum

� More JVs to follow

Page 21: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Growth Drivers

� Increasing Content per Car with increasingcomplexity in vehicles

� Growth of customers resulting in increasedvolumes

� Developing new products and setting up newJoint Ventures

� Move to new markets and new segments

� More acquisitions giving access to a newcustomer base

� Starting supplies from all the group companies tonewly acquired customers

Page 22: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Automotive Industry – Trends & Projections

� All major OEs are planning capacity expansion andmaking base in India for global exports of smallcars

� Global Sourcing of components from India

� Increased complexity of vehicles resulting in morevalue addition

� Increased focus on modularisation

� Estimated Market size 2009-10 : 2.5 million units

Page 23: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

NORTH INDIA

EAST INDIA

SOUTH INDIA

WEST INDIA

Car Market -Trends & Projections

� All major OEs areplanning capacityexpansion and makingbase in India for globalexports of small cars

� Global Sourcing ofcomponents fromIndia

� Increased complexityof vehicles resulting inmore value addition

� Increased focus onmodularisation

Page 24: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Increasing Content per Car

B-pillar

Roof LampA-pillar

Door TrimInside Handle

CockpitFuse Box

HTCWiring Harness

GrommetsConnectors

Net Front Grill

Boot CV Joint

Bumper

HV / AC Ducts

Scuff PlateExterior Mirror

Outside Handle

Wheel Hub Cap

ExhaustSuspension

Garnish

Fuel Filler Door

Steering ColumnCover

Spoiler

Roof RailC-pillarGrip Assist

Accelerator Padel

Box Floor Console

Front SuspensionBattery Tray

Air Cleaner Assy.

Parcel Shelf

Sunroof

Page 25: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Joint Venture Specialist

� Specialise in being a manufacturingcompany

� Bring new technologies for customers

� Acquire tested technologies fromcollaborators

� Amalgamation of technologies toprovide single window solutions tocustomers

� Collaborate with follow-me sources ofglobal OEMs

� Develop long term relationships

� Extend relationship to new businessareas

Existing Partners

1Korea1Italy1USA24Total

2Australia8Germany11Japan

(Sumi Motherson Group)

Growing with many successfulalliances, oldest being over 20

years

Page 26: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Expanding through Acquisitions & Overseas Ventures

MSSL Ireland Pvt. Ltd. and MSSLMideast (FZE)

Established MSSL Ireland Pvt. Ltd., 1st

Overseas wiring harness design centreand customer support centre throughacquisition of Wexford Electronix whichwas in receivership. Relocated themanufacturing operations to MSSLMideast Sharjah in a record time of 70days.

Mothersonsumi Reiner GmbHAcquired machining business of ReinerPrazision GmbH in Germany. gave theGroup entry to Automotive Tier – Isuppliers.

G&S Kunststofftechnik GmbHAcquisition of G&S business addedcapabilities in Plastic injectionmolding including 2K molding. Gavean entry into Tier-I manufacturersand enabled setting-up a window forcustomer support and logistics

MSSL (GB) Ltd.This acquisition of business of ASLSystems was a step in consolidatingposition of wiring harness business inniche markets.

FP Formagrau s.r.o.Acquisition of FP Formagraus.r.o. provided a low costmanufacturing base in Europeand added capabilities inInjection molding of plastics.

Motherson ElastomersPty. Ltd.

Acquired Empire Rubber, Australiawhich is engaged in rubber mixingand manufacture of rubber extrudedcomponents on going concernbasis.

� Acquire the businesses and assets indistress with customer contractsmainly in the European market

� Improve and stabilize the businessand the relationship with thecustomers with improved quality,delivery and engineering support

� Offer ease of doing business to thecustomers by dealing with the sameface at the same time and at thesame location

� Extend the relationship byintroducing other products from ourrange to the same customers

Page 27: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Expanding through Acquisitions & Overseas Ventures

� Acquire the businesses and assets in distresswith customer contracts mainly in the Europeanmarket

� Improve and stabilize the business and therelationship with the customers with improvedquality, delivery and engineering support

� Relocate the substantive manpower orientedmanufacturing to Sharjah / India

� Offer ease of doing business to the customersby dealing with the same face at the same timeand at the same location

� Extend the relationship by introducing otherproducts from our range to the same customers

Page 28: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Quality Award – 2001 & 2002

DAIMLERCHRYSLER

Award for Zero DefectSupplies 2006

Award for Best LogisticsSupplier - 2006

Customer Recognition

Award for Best QualitySupplier 2006

Performance AwardVA-VE – 2005 - 06

Performance AwardOverall Commendation - 2005-

06

Performance AwardDesign Capability 2005-

06

5S Gold Award 2006Award for outstanding performancein Delivery 2006

2004Global Supplier of The Year

Page 29: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Customer Recognition

Quality ExcellenceAward 2006 Award For Superior Quality &

Delivery -2005-06

QDC Award 2006 Best Supplier Performance Award2005

Outstanding Efforts OnQuality Improvement 2007

Outstanding SupplierPerformance Award 2005

Quality 5 Star Award2006

Overall Best PerformanceAward 2005

Award for Excellence in CostReduction 2006-07

Page 30: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Award for Best Supplier 2006

Award for OutstandingQuality & Delivery 2004

Customer Recognition

Quality Award 2005

Overall Best Supplier Award -2005-06

Best Supplier for Strategicsupport -2005-06

Page 31: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Customer & Collaborator Recognition

Global Quality Award2006

Best Supplier Award Delivery2005

Global Quality Award2005

Quality Improvement Award2004

Page 32: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Safe Harbor

Certain expectations and projections regarding future performance of company referred toin this presentation may be “forward-looking” statements within the meaning ofapplicable securities laws and regulations. These are statements which the managementbelieves are true at the time of their preparation based on available data and informationand are subject to certain future events and uncertainties, which would cause actualresults to differ materially from those anticipated in these forward-looking statements.Factors influencing forward looking statements include the operating environment andforeign currency exchange fluctuations.

Page 33: January 2008 Meet/117334_20080131.pdf · KANDLA NOIDA& NCR REGION BANGALORE CHENNAI PONDICHERRY NASHIK Wiring Harness Wires Fuses &Fuse Holders Tubes Plastic Molding Rubber Injection

Thank You …

A Relationship Built on Trust