Transcript Spark Minda_PPT Template

Minda Corporation Limited
(NSE: MINDACORP)
Safety, Security and Restraint
Systems
Brief Profile
Driver Information and
Telematics Systems
Interior Systems
7/17/2015
1 of 30
1 of 44
Content
Vision
MCL Overview
MCL Performance
R&D Capability
Customer Recognition
7/17/2015
2 of 30
2 of 44
2
Vision
MCL Overview
MCL Performance
R&D Capability
Customer Recognition
7/17/2015
3 of 30
3 of 44
Vision, Mission & Values
Vision
Mission
To be an automotive system solution provider and build a
brand recognised by vehicle manufacturers progressively all
over the world, as an organisation providing products and
systems unparalleled in Quality and Price.
Values
7/17/2015
To be a dynamic, innovative and profitable global automotive
organisation for emerging as the preferred supplier and
employer, to create value for all stakeholders
Passion for Excellence, Nurture Talent, Competency &
Willingness, Respect & Humility
4 of 30
4 of 44
Vision
MCL Overview
Group Overview
International Presence
Group Structure
MCL Performance
R&D Capability
Customer Recognition
7/17/2015
5 of 30
5 of 44
Group Overview

Spark Minda, Ashok Minda Group is a leading Automotive Component Group.

Founded in 1958 by Late Shri S.L. Minda.

The Company has 28 state of the art manufacturing facilities - India (24), South-East Asia (2)
and Europe (2) and representative offices at Japan and Russia with workforce of over 10,000
employees

Strong customer base with supplies to all major Indian & Global OEMs with supplies across all
Vehicle Segments.
10%
24%
42%
42%
32%
16%
34%
Sa fety, Security & Restra int Systems
2/3 Wheelers
Commercia l Vehicles
Pa sseng er Vehicles
After M a rket
7/17/2015
* Position as on Sept 14
Connective Systems
Interior Systems
6 of 44
Global Presence
Over 28 Manufacturing
facilities
Presence in 7 Countries
Global Manufacturing including
strategy low cost manufacturing
locations
Global Customer Base
Strong presence in regions with
key customer concentration
Balance Spread with focus on
emerging market
Russia
Poland
Japan
Rep. Office
Engg./ Mktg. Office
1 Plant
Germany
Vietnam
1 Plant
1 Plant
India
24 Plants
Indonesia
1 Plant
7/17/2015
7 of 30
7 of 44
Minda Corp: Global Footprint
Europe (3)
Poland
(1)
India (24)
South East Asia (3)
Russia
Japan
Delhi / NCR
(1)
Uttarakhand
(9)
Germany
Maharashtra
(1)
(6)
(1)
(3)
MP
Vietnam
(1)
(1)
Indonesia
(1)
Tamil Nadu
Manufacturing Facilities
(5)
Representative offices
Location
India
Germany
Poland
Indonesia
Vietnam
Japan and Russia
Total
7/17/2015
Safety and Security
Systems
Connective Systems
11
13
Interior
Systems
Representative Offices
1
1
1
1
13
13
2
2
2
Total
24
1
1
1
1
2
30
8 of 44
Group Structure
Minda Corporation
Minda Sai
Minda KTSN,
Germany (100%)
Minda KTSN,
Poland (100%)
(100%)
Almighty
International PTE,
Singapore (100%)
Minda Vietnam
(100%)
Minda Automotive
(100%)
Minda
Management
Services (100%)
Minda Furukawa
Electric (51%)
Minda Valeo
Security Systems
(50%)
PT Minda
Automotive,
Indonesia (100%)
Other Group Companies:
Uz'Minda LLC
(50% by Uzbekistan Government)
Overseas
Domestic
Minda Silca Engineering Limited
(29.7% by Minda Capital Limited)
Minda Stoneridge Instrument Limited
(49% by Stoneridge INC)
7/17/2015
9 of 30
9 of 44
Company wise Product Category
Compa ny Na me
Ca tegory
Product Portfolio
Minda Management Services Limited
Group Corporate
Minda Corporation Ltd
Minda Valeo Security Systems Pvt. Ltd.
PT Minda Automotive Indonesia.
Minda Vietnam Automotive Company Ltd
Electronic & Mechanical locks, Door Handles,
Die Casting Parts, Latches, Door Checker, Key
Safety Security and Restraint system
(Mechanical & Electronics), Key Duplicating
Machine, etc
Minda Furukawa Electric Pvt. Ltd
Connective System
Minda SAI Ltd.
Minda KTSN Plastic Solutions GmbH.
Interior Systems
Minda KTSN Plastic & Tooling Solutions sp. zoo
Minda Automotive Solutions Ltd.
7/17/2015
After Market
Product
Corporate Office
Wiring Harness, Connectors, Terminals,
Steering Roll Connectors, Relay Box, Fuse Box,
etc
Interior Trim & Sub-Systems, Kinematic
Modules, Structural Modules, Soft Touch
Technology, etc
All product made by Group Company and
outsourced product like control cables., filters
and relays
10 of 30
10 of 44
MCL Consolidated- Company wise product
Minda Corporation Limited
PRODUCTS
Minda Valeo Security System Pvt Ltd
7/17/2015
Minda Furukawa Electric Pvt Ltd
Minda SAI Limited
11 of 30
11 of 44
MCL Consolidated- Company wise product
Minda KTSN Plastic Solutions
Minda KTSN Plastic & Tooling Solutions
Sp. z.o.o
Automotive
Electronics
PT Minda Automotive
7/17/2015
Mechanical
Tooling
Minda Vietnam Automotive Company
Limited
12 of 30
12 of 44
Board of Directors
ASHOK MINDA
Chairman & Group CEO
Mr. Ashok Minda brings along an extensive experience of more than 30 years in the
Automotive Industry. Under the leadership of Mr. Minda, the Group comprises of various
companies in India and abroad. Successful track record of partnering with leading global
auto companies of US, Germany, Japan and France. Mr. Minda has also been
instrumental in initiating Greenfield projects in Indonesia, Vietnam and Uzbekistan.
AVINASH P. GANDHI
Director
Mr. Avinash P. Gandhi, Mechanical Engineer from the Birla Institute of Technology.
Completed management programs at IIM and Administration Staff College of India. Rich
experience of over 50 years in various capacities as special advisor, director and other
senior managerial position in leading auto companies. Presently on the Board of Lumax
Industries, FAG Bearings, Indo Alusys Industries and Havells India.
RAKESH CHOPRA
Director & Chairman of Audit Committee
Mr. Rakesh Chopra is a Chartered Accountant (England & Wales) and MBA from
Cranfield University, U.K. having rich experience of over 37 years and currently Director of
GPR Enterprises, Kempty Cottages, Bharat Gears, Cleantec Infra, Founder member and
Chairman of Indraprastha Cancer Society (Rajiv Gandhi Cancer Hospital & Research
7/17/2015
Centre)
13 of 30
13 of 44
Board of Directors
ASHOK KUMAR JHA
Director
Mr. Ashok Jha, an IAS officer of the 1969 batch, has a 38 years stint in the civil services
and had held crucial positions in India's State and Central Government apparatus. Mr.
Jha's appointment as the Finance Secretary, Government of India was a fitting
culmination of an already illustrious career. Mr. Jha is a renowned expert in handling
policy issues of key ministries of the Government dealing with economic issues.
LAXMAN RAMNARAYAN
Director-Kotak Private Equity
Mr. Laxman Ramnarayan holds various academic and professional qualifications
including CWA and MMS. Mr. Laxman is having experience of over two decades in
finance and strategy. Currently Director and audit committee member of Mahindra
Aerospace and Mahindra Aerostructures, NSL Renewable Power, Samson Maritime.
SUDHIR KASHYAP
Executive Director & CEO
A Mechanical Engineer and IIM-A graduate having experience of over 25 years in the auto
component industry. Associated with the group for over 12 years. He has also been
instrumental in setting up the first overseas Greenfield project for the group in Indonesia.
Prior to joining Minda, he worked with the Anand Group.
7/17/2015
14 of 30
14 of 44
Group Organization Structure
Group CEO & Chairman
Ashok Minda
Group Chief Finance Officer
Minda Corporation : Security Division - CEO
Minda KTSN Plastic Solutions - CEO
Group Chief Marketing Officer
Minda Corporation : Die Casting Div. - President
PT Minda Automotive Indonesia - Business Head
Group Chief Strategy Officer
Minda Valeo Security Systems- CEO
Minda Vietnam Automotive Company - Business Head
Group Chief Human Resource Officer
Minda SAI - CEO
Group Chief Business Excellence Officer
Minda Furukawa Electric Private Limited- President
Minda Automotive Solutions – CEO
GROUP CORPORATE
7/17/2015
DOMESTIC
OVERSEAS
15 of 30
15 of 44
MCL Shareholding Pattern
Details of shareholding as on November 30, 2014:
SL
No.
Category
No. of Shares
Held
Shareholding
(%)
8% 1%
1
Promoter & Promoters Group
132,18,126
63.2%
2
24,64,810
11.8%
6,27,182
3.0%
4
Financial Institutions, Banks and
Venture Capital
NRI, Foreign Nationals, OCBs and
FIIs
Bodies Corporate
28,53,965
13.6%
5
Trusts
16,19,254
7.7%
6
Indian Public
1,47,827
0.7%
209,31,164
100.0%
3
13%
3%
12%
63%
Promoter & Promoters Group
Financial Institutions, Banks
and Venture Capital
NRI, Foreign Nationals, OCBs
and FIIs
Bodies Corporate
Trusts
Indian Public
7/17/2015
16 of 30
16 of 44
Vision
MCL Overview
MCL Performance
R&D Capability
Customer Recognition
7/17/2015
17 of 30
17 of 44
Financials performance
Revenue (Rs. crore)
EBITDA (Rs. crore)
2,174
135
126
109
1,594
1,385
87
943
9.7%
7.9%
9.2%
2013-14
2014-15
(6 M )
5.0%
2011-12
2012-13
2013-14
2014-15
(6 M )
2011-12
PBT (Rs. crore)
2012-13
PAT (Rs. crore)
79
96
52
65
5.0%
6.0%
39
48
4.7%
22
3.7%
5.1%
6
4.1%
0.3%
1.0%
2011-12
2011-12
7/17/2015
2012-13
2013-14
2014-15
(6 M )
2012-13
2013-14
2014-15
(6 M )
18 of 30
18 of 44
Capital Structure
Pa rt i cul a rs ( Rs. crore )
Short Term Borrow ing s
Long Term Borrow ing s
Tot a l D e b t
Less: Ca sh & Ca sh Eq uiva lent s
N e t D e b t / ( N e t C a sh)
N e t W ort h
Tot a l D e b t / N e t W ort h
C urre nt Ra t i o
Q ui ck Ra t i o
Fi xe d A sse t s Turnove r Ra t i o
N e t Bl ock
C a p i t a l Exp e nd i t ure
I nve nt ory Turnove r Ra t i o
D e b t or Turnove r Ra t i o
C re d i t or Turnove r Ra t i o
31- M a r- 12
243
157
401
97
303
353
1. 14
1. 05
0. 68
3. 31
407
48
5. 2
6. 3
4. 3
Net Debt / EBITDA(x) & Total Debt / Net Worth (x)
3.8x
3.5x
31- M a r- 13
278
189
467
58
410
346
1. 35
1. 02
0. 66
4. 78
387
76
5. 3
7. 7
5. 4
31- M a r- 14
279
210
489
54
435
389
1. 25
1. 06
0. 79
3. 66
421
126
4. 4
5. 3
3. 9
30- Se p - 14
267
189
456
46
409
424
1. 08
1. 07
0. 79
4. 29
440
29
6. 1
6. 3
4. 5
Capital Employed (Rs. Crore) , ROCE (%) & ROE (%)
28.4%
26.4%
20.3%
2.4x
2.2x
21.0%
18.5%
14.7%
20.4%
1.14x
1.35x
1.25x
1.08x
1.7%
FY2012
FY2013
FY2014
510
535
599
612
FY2012
FY2013
FY2014
FY 2015 6M
FY2015 ( 6 M )
Ca p ita l Emp loyed
Net Deb t/EBITDA
RO CE
RO E
Tota l Deb t / Net Worth
7/17/2015
FY 2015 (6 Month). EBITDA is annualised for calculation purpose
1. Capital Employed: Shareholder fund + Long Term Loan
2. ROCE (Return on Capital Employed)- EBITDA / Capital Employed
3. ROE- PAT / Net worth
19 of 30
19 of 44
Revenue Matrix
Revenue breakdown by product category
Segment wise revenue
100%
34%
54%
28%
120%
24%
100%
80%
60%
34%
30%
28%
60%
40%
20%
19%
42%
42%
37%
8%
13%
8%
22%
80%
10%
10%
21%
32%
56%
36%
30%
16%
40%
27%
0%
38%
42%
FY2014
FY2015 6M
34%
20%
23%
0%
FY2012
FY2013
FY2014
FY2015 6M
FY2012
Sa fety Security & Restra int Systems
FY2013
2W / 3W
4W
Com m ercia l
After M a rket
Connective Systems
Interior Systems
Revenue breakdown by Geography
100%
0.6%
80%
36%
60%
2.8%
0.4%
Customer wise revenue *
1.0%
13%
29%
55%
4.8%
28%
9%
1.4%
40%
65%
61%
43%
20%
0%
FY2012
Domestic
7/17/2015
FY2013
FY2014
Asia (exclud ing d omestic)
Revenue refer to sales
FY2015 6M
Europ e
America
1%
1%
1%
1%
1%
9%
2%
2%
2%
3%
* Sales FY 2013-14
9%
3%
4%
5%
6%
Bajaj
Volkswagen
After Market
M&M
Honda Motor Cycle
Daimler
TVS
Ashok Leyland
Tata Motor
Yamaha
Maruti Suzuki
Audi
Hero Motocorp
Volvo
Escorts
BMW
Piaggio
Others
20 of 30
20 of 44
Vision
MCL Overview
MCL Performance
R&D Capability
Customer Recognition
7/17/2015
21 of 30
21 of 44
R&D Capability resulting in intellectual property creation
R&D SETUP







Long track-record of market-first products
State of the art Centralized R&D facility
Tie up with technical institutes like IIT’s & NIT’s
Dedicated Cell for future technologies
Dedicated project management cells at all manufacturing locations
R&D recognized by DSIR, Govt. Of India
Solution provider for major Global customers
31 Filed Patent Applications
Some Innovation examples








Security : Magnetic module for two wheelers – enhanced security with temper proofing
Security : Electronic transponder immobilizer system for two wheelers which can operate with drained out vehicle
battery
Security & comfort : Keyless Ignition lock with electronic immobilization system
User Comfort : Cover rotation type magnetic module (Module closing by hand)
User Comfort : Auto closing type magnetic module
Security : Drill free gear lock for four wheelers
User comfort & Security : Key FOB with flip key & transponder
Security – Two track & Snake biting keys for two Wheelers providing very high security
5 Registered patents
ACMA Gold & Bronze trophy
for Excellence in Technology
(2009-10 & 2011-12)
R&D FOCUS AREAS
ELECTRONIC
SECURITY
MECHANICAL
SECURITY
7/17/2015
Transponder
Immobilizer
System
Magnetic module
– 24000 Safe key
codes
USER COMFORT
Hall sensor based
ignition lock
High Security key
systems – Two
Track & four Track
Keyless Ignition lock
ENVIRONMENT &
SAFETY
Drill free gear lock
for cars
Ignition lock with seat
opening provision
First time in two
Wheelers - Flip
key with remote
Cover rotation
type magnetic
module
Fuel tank cap meeting
California emission
norms
Usage of
Engineering
Plastics
Latches two
wheelers & OFF
road vehicles
22 of 30
22 of 44
R&D Capability resulting in intellectual property creation- Europe
Development from an idea to serial production




Individual customer solutions by strategic market analysis and benchmarking
Development according to customer specifications
In house Designing and testing
Tool development coordination (@MKTSN-Poland we have an in-house tool making facility)
- Team building
- Concept phase
- Design and layout
- ...
- Simulation
- Prototyping
- Zero series
- Series production
- Optimisation
- Modification
Engineering & Project Management
A > 20 member PM, Design, Tooling and Quality planning,
Process engineering team In-house @ MKTSN
B > Catia V5
7/17/2015
23 of 30
23 of 44
Vision
MCL Overview
MCL Performance
R&D Capability
Customer Recognition
7/17/2015
24 of 30
24 of 44
BAL “Best kaizen award in category of
Warranty Defect 2011
BAL “Best kaizen award in category of
7/17/2015
Reduce PV 2011
BAL kaizen award
2011
BAL “Best kaizen award in
category of reduce Logistic
Cost 2011
BAL “Kaizen Award in category of
Environment 2011
BAL gold award
BAL “Q” Award
(in category of Outstanding Quality
Performance 2014
BAL kaizen award in category of
Yield Loss 2014
BAL kaizen award in category of
human safety -2013
25 of 30
* Logo of respective owners
25 of 44
Yamaha Gold Award (in category of Development) 2011
DOL Mahindra & Mahindra Award 2013
Yamaha Gold Award (in category of Development) 2012
7/17/2015
Silver Award in Excellence in Quality, 2013
First Prize in Quality Circle at
Mahindra & Mahindra 2013
First Prize in Quality Quiz
competition at Mahindra &
Mahindra 2013
26 of 30
* Logo of respective owners
26 of 44
7/17/2015
27 of 30
* Logo of respective owners
27 of 44
Corporate Social Responsibility
Our CSR Model
Recent development
Business integrated CSR at Tihar Jail under PPP
• Launched in Sep 2014, this is the 1st PPP model program
in Automobile Industry
• Stakeholders – MFE, Tihar Jail, Maruti, Inmate’s family,
victim’s family
• 25 inmates working
Aakarshan – Computer Training
• Greater Noida – 49 learners in first batch, 60 in second
• Pune – 62 Learners
• Pantnagar – 54 Learners with target group of SC & ST
7/17/2015
28 of 30
28 of 44
Disclaimer
This presentation is strictly confidential and may not be copied, published, distributed or transmitted. The information in this presentation is being
provided by Minda Corporation Limited (the “Company”).
Any reference in this presentation to “Minda Corporation Limited” shall mean, collectively, the Company, subsidiaries and its associates.
This presentation has been prepared for informational purposes only. This presentation does not constitute a prospectus, offering circular
or offering memorandum and is not an offer or invitation to buy or sell any securities, nor shall part, or all, of this presentation form the basis of, or
be relied on in connection with, any contract or investment decision in relation to any securities. Furthermore, this presentation is not an offer of
securities for sale in India or any other jurisdiction. Any offer or sale of securities in a given jurisdiction is subject to the applicable laws of that
jurisdiction.
This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company,
which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties
and other factors, which may cause the actual results, financial condition, performance, or achievements of the Company or industry results, to
differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements.
Given these risks, uncertainties and other factors, recipients of this presentation are cautioned not to place undue reliance on these forwardlooking statements. The Company disclaims any obligation to update these forward- looking statements to reflect future events or developments.
The Company, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with
respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The Company assumes no
responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent development, information or
events, or otherwise. Unless otherwise stated in this presentation, the information contained herein is based on management information and
estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. The
Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such
revision or changes.
By attending this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position
of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future
performance of the business of the Company.
This presentation speaks as of November 2014. Neither the delivery of this presentation nor any further discussions of the Company with any of
7/17/2015
the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date.
29 of 30
29 of 44
Minda Corporation Limited
(CIN: L74899DL1985PLC020401)
Corporate Office: D-6-11, Sector-59, Noida -201301,
Distt. G.B. Nagar U.P. (India).
Phone: +91 120 4787100; Fax: +91 120 4787200
Registered Office: 36A, Rajasthan Udyog Nagar,
Delhi – 110 033, India
7/17/2015
Safety, Security and Restraint
Systems
Ajay Sancheti
Minda Corporation
Driver Information and Telematics
Systems
[email protected]
+91 124 4698400
Interior Systems
30 of 44