Samvardhana Motherson Reflectec (Formerly Visiocorp plc)

Company Profile

■URL

http://www.smr-automotive.com

■Address

Hedelfinger Strasse 60, 70327 Stuttgart, Germany

Business Overview

-The Company primarily manufactures internal and external mirrors for the automotive industry. Other products that the Company manufactures include lamps, lighting systems, electric drive modules, door handles, and overhead consoles.

-The Company has 22% share of global passenger car rear view mirror market, and a 53% share in India. (From the Group's presentation in February 2016)

-In March 2009, Motherson Sumi Systems Limited (MSSL) completed the acquisition of Visiocorp plc. and renamed the company as Samvardhana Motherson Reflectec.

Shareholders

-Unlisted Company (As of Mar. 31, 2016)
Shareholder Shareholding Ratio (%)
Samvardhana Motherson Automotive Systems Group B.V. 98.5

Products

Exterior Mirrors
-Cost-driven segment mirrors with features including:

  • Full plastic design
  • Grained housings
  • Solid color molding
  • Flat and convex glass
  • Manual mirror fold
  • Manual glass adjustment

-Medium segment mirrors with features including:

  • Painted housings and covers
  • Convex and aspheric glass
  • Glass heating
  • Electric glass adjustment
  • Power fold mechanisms
  • Bulb and LED turn signals
  • Temperature sensors

-Performance and premium segment mirrors with features including:

  • Structural aluminum components
  • Memory position adjustment
  • LED light guide turn signals
  • Ground illumination
  • LIN bus nodes
  • Integrated blind spot detection systems
  • Warning lights for driver assistance systems

-Commercial vehicle segment mirrors with features including:

  • Grained and painted housings and covers
  • Bulb and LED turn signals
  • Glass heating
  • Manual and electric glass adjustment
  • Manual and power fold mechanisms
  • Manual and power telescope features

Trailer Tow Mirrors
-External mirrors with power folding and telescoping functions for towing use

Interior Mirrors
-Basic prismatic mirrors
-Higher value-added mirrors with multiple features

  • Reading lamps
  • Ambient lights
  • Microphones
  • Remote control garage door openers
  • Telematics interface and emergency switches
  • Auto dimming glass
  • Rain sensors
  • Air temperature and humidity sensors
  • Radio-controlled electronic toll collect systems: ETCS

Lighting Systems
-Lamps integrated in exterior mirrors

  • Turn signals
  • Ground illumination
  • Signal lights for driver assistance systems

-Lamps integrated in interior mirrors

  • Interior lamps
  • Reading lamps
  • Courtesy lamps

-Interior lamps

  • Ambient light LEDs
  • Reading lamps
  • Ground illumination integrated in door panels

-Exterior lamps

  • Stop lamps
  • Rear signal lamps
  • Fender-mounted turn signal lamps
  • License plate illumination

Door Handles

Overhead Consoles

Electric Drive Modules
-Glass adjustment drives
-Glass adjustment drives with memory positioning function
-Power fold mechanisms for passenger cars and trucks
-Power telescope mechanisms for trucks

Camera Systems
-Blind spot detection systems
-360 degree panorama video display system with integrated driver assist systems

  • Back-up display with reverse driving guide lines
  • Pedestrian detection
  • Lane departure warning
  • Traffic sign recognition
  • Parking assistance systems
  • Park exit assistance
  • Corner view display
  • Cross traffic alert

LogoLamps
-Lamps which illuminate a custom design on the ground as a user enters the vehicle

History

1935 The Company was founded and began producing interior lights for Mercedes-Benz.
1938 Expanded into providing rear lighting.
1950 Launched its rear-view-mirror business, supplying mirrors to Mercedes-Benz.
1989 Expanded into premium automotive sound systems.
1994 Acquired ULO, a Tier 1 rear lighting supplier.
1994 Its international expansion began in 1994 when the Company established operations in the United States.
1995 Commenced operations in Hungary as a first step to shifting some of its operations to low-cost countries.
1998 Entered into a joint venture in Slovenia in order to produce wire harnesses used in the production of mirrors and electronics.
2000 Acquired the Rear Vision Systems Division of Britax International.
2001 Entered into a joint venture with Saint Gobain Sekurit to form Freeglass GmbH & Co. KG, to make a plastic glazing substitute for certain automotive glass applications.
2001 Acquired Global Light Industries GmbH (G.L.I.) an innovator.
of LED technology and optical applications for rear lighting.
2003 The Company has continued to expand geographically and opened two assembly facilities in China in early 2003.
2005 Opened a new facility in Slovenia for low cost lighting products in order to improve lighting operations in Europe.
2006 Acquisition of Engelmann companies.
2007 Spin-off lighting business.
Changed its name from Schefenacker plc to Visiocorp plc.
2008 Sold audio component business.
Opened a joint venture company in China.
2009 Became a member of Samvardhana Motherson Group and named SMR - Samvardhana Motherson Reflectec.
2010 Established two new assembly plants in India.
Launched construction of plants in Brazil and Hungary.
Aug. 2013 Opened a new production plant for automotive mirrors in Langfang, Hebei Province, China.

Supplemental Information 1

>>>Business Report FY2006 (Schefenacker)
>>>Business Report up until FY 2010
>>>Business Report up until FY ended Mar. 2015

Archives of Past Exhibits

Note:
-A figure in brackets ( ) indicates a loss
-All financial figures given in this profile are based on information released by Motherson Sumi Systems Limited.