MVSCOCOMPANY PROFILE 2017

MVSCO.COM

CONFIDENTIAL

MVSCO.COM

OVERVIEW & LOCATION

1980

SHIRAZ

SHIRAZ

SHIRAZ

SHIRAZ

TEHRAN

TEHRAN

TEHRAN

TEHRAN

TEHRAN

1995 2004 2009

2013

2016

1990 2003 2006

ALI DEHGHAN FOUNDED SHEGARF ABZAR (MOULD WORKSHOP)

ESTABLISHMENT OF FIRST PRODUCTION SITE(MOJDEH VASL SHIRAZ) FOR PRODUCING HOME APPLIANCE

GOING ON A JOINT VENTURE WITH A GROUP FOR ENGINE PART PRODUCTION

ESTABLISHMENT OF SECOND PRODUCTION SITE CLOSE TO CUSTOMERS IN TEHRAN

START OF CORPRATION WITH HISPAMOLDES SPAIN FOR MOULD WORKSHOP

ESTABLISHMENT OF THE RUBBER SEGMENT

DOUBLE INJECTION

STARTING THE PRODUCTION OF AUTOMOTIVE COMPONENTS

ESTABLISHMENT OF FILTERATION PRODUCTION LINE

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A- Skills Centres

2012 2013 20162014 2017

B- Technical Centres

• Activities Comprise:

• Main Activities Comprise:

• Total Project Aaccomplishment More Than 100 Automotive Component

- Product design (CAD/CAE)- Engineering leadership- Methodology- Prototypes - Mold

- Product design (CAD/CAE)- Methodology- Prototypes

Rail fuel Tu3Air intake manifold Tu3

Air intake manifold prideCam cover pride

Aspirator EC5Air intake manifold EC5Frame timing belt EC5

Aspirator Sp100Aspirator Sp0

TehranRazavi Khorasan

Hamedan

Sistan & Baluchestan

Kerman

Khuzestan

Fars

Kurdistan

Mazandaran

Qom

NorthKhorasan

Markazi

Hormozgan

Yazd

Ilam

ChaharMahal

WestAzerbaijan

Semnan

Zanjan

South Khorasan

Lorestan

Bushehr

Isfahan

Kermanshah

Qazvin

EastAzerbaijan

Ardabil

Gilan Golestan

MVSCO

POUYA POLYMER PERSIAN

SHEGERF ABZAR

PARS MECA MOLD

ENGINEERING RESOURCES OVERVIEW

Aspirator Tu3,tu5Resonator Tu3,Tu5Mud gvard207Mud gvardrunnaMud gvarddenaRail fuel tibaAir intake manifold tibaCam cover tiba

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COMPANY OVERVIEW

Brief summary of MVS Group:Mojdeh Vasl Shiraz was founded in 1980 with 11 graduated students & some of the lecture of Siemens college in Iran as a mold shop, after a while they start manufacturing plastic parts and established Mojdeh Vasl Shiraz (MVS). 10 years later, they shifted to automotive market and soon they became the biggest plastic engine automotive manufacturer in Iran.With strategic choice of buying 5 production lines from well known Companies (MCP) which is the best supplier of Mercedes Benz, BMW, Volvo, Ford, Peugeot & more than 20 other car makers around the world they transferred the knowledge and highest technology for mold design, plastic manufacturing and quality system to MVS Group.MVS is producing parts for Peugeot 206, Peugeot 405 & Citroen engine parts.

MVSCO MissionSatisfy the needs of countries industrialization in producing polymeric/plastic parts for automobiles and non-auto motives.At the attention of the leaders Customers are to be the key factor of the survival and persistence and, employers on the other hand are also to be the major element of profitability and development of this organization.

Vision:MVSCO is willing to be the best manufacturer in producing lateral polymeric engines and be among the top 5 manufacturers in producing automobile›s decorative at the internal market in the next 3 years.

Our Expectation:To be number one in reputation of producing high qualified products among inner and international customer satisfactions.

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BUSINESS & ACTIVITIES

Under-hood applications Exterior trim Filtration: air, and cabin air (OEM, OES, IAM)

Plastic parts for Rail-Ways transportation industry Plastic parts for Home Appliance industry Plastic parts for Packaging industry

Automotive Industry

Other Industries

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SALES & GROWTH

by year

Million €

14,000,000

12,000,000

10,000,000

8,000,000

6,000,000

4,000,000

2,000,000

0

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

11,9

14,3

11,1

7,5

5,34,9

3,8

5,5

3,3

2,3

2,3

1,60,7

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84%

14%

2%

ENGINEPARTS

TRIMPARTS

84%

14%FILTERATIONPARTS

TOP 10 OEM CUSTOMERSSALE BY PRODUCT SEGMENT

80%

16% 4%

MVS TODAY

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Summary of main manufacturing processes and technologies

Engineering Resources

Test & Assembly machine design and manufacture

Industrialization

Redesign & modification

Tiba Manifold welding fixture

Dual Injection

Injection Machine

Hotplate

Vibration

Ultra Sonic

Central Material Handeling

Sequential Valve Gate Controller

Ultrasonic welding

Vibration welding

Hot plate welding

Injection moulding (thermoplastic)

Gas assisted injection

Bimaterial injection

Decoration overmoulding

Rotation moulding

Bending

Filtration

Glueing (plastic/plastic, plastic/glass)

Rotation welding

Freeweld® infrared welding

Laser welding

Automatic clip assembly

TransformationTechnology Resources Assembly

MODFLOW®

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Abilities

SoftwaresMODFLOW®

Ultra Sonic

Technology

Redesign

Our Fixtures

Construction

ENGINEERING AND TECHNOLOGY RESOURCES

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R&D / ENGINEERING DEPARTMENT

With highly educated experts and capable equipment in the development of new projects ( Production and designing injection molds ) are underway in 3 technical center as the following :

Tehran Razavi Khorasan

Hamedan

Sistan & Baluchestan

Kerman

Khuzestan

Fars

Kurdistan

Mazandaran

Qom

NorthKhorasan

Markazi

Hormozgan

Yazd

Ilam

ChaharMahal

WestAzerbaijan

Semnan

Zanjan

South Khorasan

Lorestan

Bushehr

Isfahan

Kermanshah

Qazvin

EastAzerbaijan

Ardabil

Gilan Golestan

• Key local contact for OEMs in

product development

• Main activates :

-Product Realization (APQP) from

design to product validation.

-Knowledge Management

-Industrial engineering

-Improving Qualityand cost reduction

projects.

-Transfer of knowledge and

technology innovation led to

localization parts.

• Total over of 8 technicians and

engineers.

MVSCo, (Qazvin)

Exterior & Engine Parts

• Promotion of technology to

penetrate spare parts ( AM )

Market.

• Total Over of 3 engineers.

Head Office (Tehran )

Spare parts ( AM )

•Total over of 10 Engineers.

SHEGARF ABZAR Fars (Fars)

Designing and manufacturing moulds

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PRODUCT SEGMENTS Engine

Product portfolio Key facts & figures

% of 2016 group production sales

Key figures:

Sales by Part category (2016)

Sales by customer

• Producing 4 kinds of fuel rails such as TU5 , TU3 , L3 &

TibaFuel rails with OEM share market more than 90%.

The single source for TU5 , TU3 and TibaFuel rails.

• Producing 5 kind of Air Intake manifolds such as TU5 , TU3

, XU7 & Tiba, RunaAir Intake manifolds with share market

more than 60%.

The single source for TU5, Pride and TibaAir Intake

manifolds.

• Producing 4 kind of Cylinder head cover such as TU5 , XU7

, Pride and Tibawith share market more than 65%.

• Producing Air Intake pipe such as TU3, TU5 and S81 Air

Intake Pipe with share market more than 80%.

• The EC5 engine project for air intake parts and Fuel supplier parts by

cooperation with PSA company.

• The Air Intake projects is running for new projects by cooperation

with SaipaCompany.

• The research projects for Air Intake Manifolds is going to be done to

change the material base from aluminum to plastic in order to reduce

Engine Oil Pan weight about 30%

ForEF7AirIntakeManifoldsreductionweightwillbedoneabout30%.

• The Air Intake Manifoldsand Fuel supplier parts projects for new OEM

customers (negotiation with Renault Nissan, Kerman motor etc. )

• Research and development project for new origin thermostat and it’s

housing for OEM customers.

No. of OEM customers: 2

No. of projects in development:

OEM : 15

AM : 6

1: Sapco

2: Saipa

3: AM

1: Cylinder head over

2 : intake parts

3: Fuel supplier parts

4: Cooling systems

5:FEAD88%

44%

6%

30%

8%

1%11%

65%

18%

17%

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PRODUCT SEGMENTS Exterior

% of 2016 group production sales

Key figures:

Sales by Part category (2016)

Sales by customer

• Producing 5 kind of mudguards such as Runa, Dena, Pars ,

206 & 207 Peugeot with share market more than 80%.

The Single sources for207 Peugeot,Runaand Dena

Mudguards.

• Producing 2 kind of Door protectorssuch as S90 and 206

Peugeot with share market more than 50%.

• The Single sources for S90 Door protectors .

• Producing 2 kind of Wind shields such as Runaand 206

Peugeot with share market more than 70%.

• The Single sources for RunaWind shield.

• Strategic focus to penetrate new market for the part with

high added value.

• The exterior parts for 301 & P208 Peugeot projects by

cooperation with PSA.

• The research and development projects for exterior parts

( For example : redesigning the air inlet channels from the

fixed clip to moveable in order toprevent breaking and

scraping the part. )

• The Exterior parts projects for new OEM customers

(negotiation with Renault Nissan, Kerman motor etc.)

No. of OEM customers: 2

No. of projects in development:

OEM : 3

AM : 7

1: Sapco

2: AM

1: Front griff

2: Bumper frame

3: Door Protectors

4: Mirror frame

5 : Wind shields

6 : Mudguards

10%

6%

94%

44%

6%

30%

8%

1%11%

Product portfolio Key facts & figures

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PRODUCT SEGMENTS

Fuel Rail Ass

-BASED ON OUREXPRINCE AND HIGH TECHNOLOGYMACHINERY AND WELL EDUCATED HUMAN RESOURCE WE BECOME THE FIRST AND ONLY PRODUCER OF PLASTIC FULE RAIL FOR 15 YEAR.

Air Intake SystemsUnder hood Applications

PRIDE EURO 4

TU3XU7JP/L3

TU5JP XU7JP4/L3

TU5

TU3

TIBA S81

TIBA S81

TU5JP

PRIDE

TU5JP

TU5JP

TIBA- S81

XU7/XU10

TU5JP

XU7/XU10

XU7/XU10XU7/XU10

TIBA S81

TU5JP

T13

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OUR FINANCIAL SEGMENT

MVSCOMarket Share

Market Size

MVS Market Share

110%

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%IKCO SAIPA TRAVERS OTHERS

100

%

60%

50%

50%

100

%

100

%

100

%

100

%

MVS MARKET SHARE

MARKET SIZE

57%

100%

18,950,000 €

33,128,000 €

MVSCO SALE IN 2015

11,894,185 €30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

02017 2018 2019 20202016

Sales18,834,417

€

Sales20,807,713

€

Sales23,943,711

€

Sales27,103,574

€

Sales27,831,632

€

by year

Million €

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OUR TOTAL WORK FORCE

Engineering

QC

Production

Warehouse

Financial

Administration ,Sales, Planning

Mold, Technical Maintenance

Security Others

Total

1519

17127

1718

2429

320

19921980 2003 2006 2009 2010 2011 2012 2013 2014 2015 2016

500

400

300

200

100

0

3070

150

475

120

218242

161176

311

254

320

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CERTIFICATES & ACHIEVEMENTS

QUALITYMANAGMENT SYSTEMMOJDEH VASL SHIRAZ CO. SAFETY PARTS

REQUIREMENT

ISO 9001:2008ISO/TS 16949:2009 ISO 9001:2008

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KARAJ

QAZVIN

BAHARESTAN INDUSTRIAL PARK

IranKhodro

ALBORZ INDUSTRIAL PARK

CASPIAN INDUSTRIAL PARK

TEHRAN

MVS CO. TEAMPLASTIC PART MANUFACTUERER& MOLD MAKER MVSCO.COM

© 2017 MOJDEH VASL CO.

4th floor, No. 1, Baharestan Ave, NorthJanat Abad ST, Tehran, Iran

Tel.: +98 21 44 828 233 (10 lines)

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