Samvardhana Motherson International Limited
2,801words
2turns
0analyst exchanges
0executives
Key numbers — 28 extracted
rs,
472 million
0.5x
118.3
million
69.1 million
49.2 million
80 Million
20 Million
100%
21%
90%
118.3 million
Guidance — 7 items
Regd Office
opening
“Details of Events that need to be provided a) Name of target entity, details in brief such as size, turnover etc.”
Regd Office
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“Schneider Holding GmbH (“Target Business/ Dr Schneider Group“).”
Regd Office
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“If yes, nature of interest and details thereof and whether the same is done at arms length c) Industry to which the entity being Automotive Industry acquired belongs d) Objects and effects of acquisition (including but not to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the Company); limited Customers support the acquisition and subsequent term reorganization which will drive competitiveness.”
Target Business includes
opening
“the automotive for Due to the convergence of several macro headwinds occurring in rapid succession, such as the supply chain bottlenecks, COVID-19, energy crisis, soaring inflation, and the Ukraine conflict, along with delays in price revisions, the Target Business underwent financial distress.”
Target Business includes
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“With their continued support we believe we will be able to turnaround this business like we have done every time in the past.”
Target Business includes
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“Schneider Holding GmbH (“Target Business”) 22 * Assets of German entities acquired at an estimated purchase price of EUR 69.1 million subject to certain actualizations; 100% stake in the foreign subsidiaries of Dr.”
Target Business includes
opening
“• Due to the convergence of several macro headwinds occurring in rapid succession, such as the supply chain bottlenecks, COVID-19, energy crisis, soaring inflation, and the Ukraine conflict, along with delays in price revisions, the Target Business underwent financial distress.”
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Speaking time
1
1
Opening remarks
Regd Office
Unit – 705, C Wing, ONE BKC, G Block Bandra Kurla Complex, Bandra East Mumbai – 400051, Maharashtra (India) Tel: 022-61354800, Fax: 022-61354801 CIN No.: L34300MH1986PLC284510 Email: investorrelations@motherson.com Acquisition (including agreement to acquire) ANNEXURE A Sr. no. Details of Events that need to be provided a) Name of target entity, details in brief such as size, turnover etc. Information about such events Assets of the German entities of Dr. Schneider Holding GmbH and shares in the foreign subsidiaries of Dr. Schneider Holding GmbH (“Target Business/ Dr Schneider Group“). Dr. Schneider Group is a manufacturer of innovative, high-end interior components with global technology offerings, who filed for insolvency in September 22 due to a failed operational and financial restructuring. The group had a turnover of EUR 472 million in CY22. No b) Whether the acquisition would fall within related party transaction(s) and whether the promoter/promoter group/ group companies have a
Target Business includes
Identified assets like fixed assets, intangible assets, Inventory and certain employee in Germany liabilities 100% shares of subsidiary in Spain, China, USA and Poland 21% shareholding in Symbiose SAS, France subject to receipt of approval from majority shareholders Dr. Schneider Group was founded in 1927. In 1936, the company started manufacturing plastic components for the automotive and other allied industries. Dr. Schneider Group is a manufacturer of innovative, high-end integrated electronic interior components with global technology offerings. The Company has grown to 7 facilities across 5 countries with ~4,500 employees manufacturing various interior components industry, especially in the premium segment. the automotive for Due to the convergence of several macro headwinds occurring in rapid succession, such as the supply chain bottlenecks, COVID-19, energy crisis, soaring inflation, and the Ukraine conflict, along with delays in price revisions, the Target Business underw
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