April 2014 PROJECT SMAC Opportunity To Acquire An Indian Auto Component Manufacturer
Feb 08, 2016
April 2014
PROJECT SMAC
Opportunity To Acquire An Indian Auto Component Manufacturer
Private and Confidential
Private and Confidential
OPPORTUNITY OVERVIEW Opportunity To Acquire An Indian Auto Component Manufacturer
TARGET OVERVIEW
— The target is an India based group which is engaged in manufacturing of sheet metal based auto components.
— The group is tier I supplier of automotive stampings, tools & dies and other assemblies to OEMs.
— Number of Plants : 7
— Employee strength : 700+
MANUFACTURING FACILITIES
1
2
3
BUSINESSES
6 manufacturing units
Single manufacturing unit
Maharashtra
Gujarat
(USD Mn) FY12 FY13 FY14 E FY15 E FY16 E FY17 E FY18 E
Sales 34 40 46 53 61 70 81
Growth 17% 15% 15% 15% 15% 15%
EBITDA 3.3 4.0 4.6 5.2 5.9 6.6 7.4
Margin 9.6% 10.0% 10.0% 9.8% 9.6% 9.4% 9.2%
Sheet Metal Stamping
Toolroom & Stamping Assembly
Page | 3
Other Assemblies & Components
Private and Confidential
BUSINESSES
THE GROUP
Page | 4
Company 2
Toolroom & Stamping Assembly
Sales: $3.6 Mn EBITDA: $0.7 Mn
— PRODUCTS: Tools, dies, Moulds,
Pressure die casting dies, Panel Checkers, & Inspection/ welding Fixtures
— FACILITIES: Design, Simulation, CNC programming, Reverse engineering and coordinate measuring machine
FY13 {
Company 1
Sheet Metal Stamping
Sales: $22.6 Mn EBITDA: $2.5 Mn
PRODUCTS — Long Member & Cross car Beam — Foot Control Assemblies: Break &
Clutch Paddle — Sheet Metal Stamping — Welding Assemblies — Seat Frame Assemblies
FY13 {
REVENUE MIX OF THE GROUP
Company 3
Other Assemblies & Components
Sales: $13.8 Mn EBITDA: $0.8 Mn FY13 {
PRODUCTS
Load Body Fabrication
57%
9%
35% Sheet Metal Stamping
Toolroom & Stamping Assembly
Other Assemblies & Components
Private and Confidential
CLIENTS
CLIENTS & FACILITIES
Page | 5
Private and Confidential
PRODUCT MIX
TATA MOTORS
SEAT FRAME COMPONENTS MAHINDRA GROUP
TATA MOTORS & FIAT GENERAL MOTORS
Page | 6