8.0. EDSR 01-12-1998 - Laserfiche WebLink

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Executive Summary • Mission Statement Northstar Die Casting, L.L.C. continuously strives to assure its customers and prospects alike that they will receive the highest quality aluminum or zink die castings, delivered on time at the lowest possible price. Our employee shared commitment to excellence, which is ISO and QS compliant, is the foundation for the company's growth and continued success. State of the Aluminum Die Casting Industry The aluminum die casting industry is comprised of approximately 450 foundries producing an estimated 10 billion in total revenue. The major companies, because of their extensive investment, will only accept contracts from major OEMs requiring long production runs. Smaller parts runs are taken by smaller company's, like Northstar Die Casting. Northstar's distinctive advantage is its commitment to quality through its continuous pursuit of QS and ISO certification, strategic alliances with key tool makers, on time delivery and maintaining a very competitive position in terms of pricing. Given that there are no macro economic indicators signaling run away inflation or spiraling interest rates, industries requiring aluminum die cast parts remain stable and • demand continues to be very strong. Competitive analysis reveals that most other die casters are very busy and running at capacity. Company Background Northstar is the successor company to Cedarbrook Engineering Corporation by virtue of its acquisition the company's assets in August of 1996. In June of 1996, The Garrett Group was brought in by Cederbrook as consultants to assess the possibilities for recovery and or reorganization. Since the Garrett Group is also a private investment firm, it saw tremendous opportunities, given Cedarbrook's very loyal, extensive and satisfied client base. Furthermore, it immediately recognized the need for re-engineering many of the operating processes and place the company on a new balance sheet that would assure successful future operations. The Garrett Group subsequently agreed to take over Cedarbrook and formed Northstar Die Casting, L.L.C. to acquire the assets of the precedent company while reorganizing and eliminating the major portion of its otherwise insurmountable debt. This process provided a new line of management and ownership with the focus and financial where with all which will make Northstar Die Casting a world class provider of aluminum die casted parts. Northstar Die Casting, a financially healthy corporation, is well positioned to provide quality and fast delivery to its customers while conforming to ISO-9002 and QS-9000 certification standards, which are benchmarks by which most world class automotive parts •