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Motherson Sumi Systems Limited (MSSL) is an existing company with technology from world leaders in the manufacture of Integrated Wiring Harnesses Wires High Tension Cords and Components for Integrated Wiring Harnesses including Plastic and Metal Components. During the period since it began production it has been able to establish itself as a reputed vendor to MARUTI TELCO and other companies in the automobile and electronics industry. The company has pioneered the following products in India:1. Integrated Wiring Harness with technology supplied by Sumitomto Wiring Systems (SWS) Japan.2. Components used in the Integrated Wiring Harness with technology developed in-house in assistance with SWS.3. High Tension Cord assembly for automobiles with technology supplied by SWS.4. Manufacture of Blade Fuses with technology from Wilhelm Pudenz GmbH Germany through a subsidiary Motherson Pudenz Fuses Ltd.Motherson Sumi Systems Limited has thus been able to maintain and expand its customer base in the Indian Automobile Industry by offering indigenously manufactured integrated Wiring Harnesses. MSSL is presently Original Equipment Manufacturer (OEM) supplier to various customers including Maruti TELCO DCM Daewoo Motors Mahindra & Mahindra Hero Honda Escorts Baja Auto (for Kawasaki Bajaj) Subros (for car A/cs) etc. The company started as a Private Limited company called Motherson Auto Pvt. Ltd. (MAPL) promoted by Mr. K.L. Sehgal and Mr. V.C. Sehgal in the year 1983. Thereafter on 19th December 1986 Motherson Sumi Systems Pvt. Ltd. was incorporated to take over the running operations of MAPL.On 29th April 1987 the company became a deemed public limited company and SWS who till then were the Technical Collaborator to MAPL also became Equity Holders alongwith Nissho Iwai Corporation (NIC) Japan by holding 25% and 14% respectively in equity share capital of the Company which was later brought down to 15.52% and 9.70%. Vide a special resolution passed in the Annual General Meeting held on September 5 1992 the restrictions under section 3(1)(iii) of the Act were deleted from the Articles of Association of the Company and as such the Company became a public limited company within the meaning of Section 3(1)(iv) of the Act.In 1991 MSSL was able to forge a financial and technical alliance with M/s. Wilhelm Pudenz GmbH. (WPG) Germany and promoted a new subsidiary company. Motherson Pudenz Fuses Ltd. (MPFL) in which MSSL has 60% equity stake and WP has 40% equity stake. MPFL manufactures Blade Fuses used as components in the Wiring Harness. The New venture is in close proximity to the existing facilities of MSSL and was commissioned on December 12 1992. MPFL is the only company in the organised sector manufacturing these fuses an import substitution product. The Company is also accredited with the ISO 9002 Certification.The Company undertook an expansion cum diversification cum backward integration programme in 1992-93 whereby the capacity for manufacture of Integrated Wiring Harnesses was increased from 6.60 Lacs nos. to 13.00 Lacs nos. and two new facilities were set up at NOIDA for manufacture of High Tension Cords and Auto Vinyl Super Slim (AVSS) wire respectively. These expansion cum diversification cum backward integration projects comprised of three phases and were completed as under:PHASE I - Expansion of facilities for Integrated Wiring Harness and High Tension Cord.PHASE II - Enhancement of capacity for manufacture of Integrated Wiring Harness from 6.6 Lac nos. to 13.0 Lac nos.PHASE III - Setting up of production line for manufacture of AVSS wire.------------------------------------------------------------PHASES COMPLETION AS ACTUAL PER PROSPECTUS COMPLETION ------------------------------------------------------------PHASE I APRIL 1993 NOVEMBER 1993 PHASE II APRIL 1994 JUNE 1994 PHASE III APRIL 1995 MARCH 1995------------------------------------------------------------Phase-I of the expansion project was primarily meant to cater to the requirements of Maruti Udyog Ltd. for its new car model Zen and it got delayed by about seven months due to the fact that there was a slight delay in the launch and reduction in the initial volumes of production by Maruti.Phase-II got delayed by about two months because of some rescheduling of the sales plan based on the customer requirements. However neither of the above delays has affected the overall volumes of production/financial projections as were disclosed in the Prospectus dated 25-01-93.PRESENT BUSINESS OF THE COMPANYMotherson Sumi Systems Limited presently has facilities to manufacture 54.75 lac Nos. per annum of Integrated Wiring Harness for automotive and electronic industry at Noida Distt. Ghaziabad (Uttar Pradesh).Motherson Sumi Systems Ltd. is the market leader in the manufacture of Integrated Wiring Harness in the country. MARUTI has been procuring its entire requirements of Integrated Wiring Harnesses for 800 CC GYPSY 1000 CC ZEN Alto and ESTEEM from the Company since its inception. The sales to MARUTI constitute 57% of MSSL''s turnover. Besides MARUTI the list of customers includes TELCO (for Entire 207 Series vehicle as Tata Sierra Estate Tatamobile and Tata Sumo) Bajaj Auto Ltd. (for KB100/4S Motorcycles) Hero Honda Motors Ltd. (For CD100/Sleek Motorcycles) Kinetic Honda Motors Ltd. (for scooters) Escorts Ltd. (For RX 100 Motorcycles) DCM Daewoo Motors (For Dyna Trucks) Mahindra & Mahindra Ltd. (For export & DP Range of Jeeps). These Customers procure more than 50% of their requirements for the vehicles as above from Motherson Sumi Systems Ltd.Though on a smaller scale MSSL also supplies Integrated Wiring Harness to other users besides the automobile industry. These include Subros Ltd. for air conditioners Bharat Earth Movers Ltd. for earth movers Hindustan Motors for heavy equipments Shriram Honda for Generators.