BNET Industries
Market Cap:$59.1M
Last Fiscal Year Sales:$136.4M
- Public
- US
Dow Jones Description
We remanufacture alternators and starters for imported and domestic cars and light trucks in addition to heavy duty, agricultural and industrial applications and distribute them predominantly throughout the United States and Canada. Our business for heavy duty, agricultural and industrial applications is in its early stages and does not represent a significant portion of our business. Our line of light duty alternators and starters are sold to most of the largest auto parts retail chains in the United States and Canada, including AutoZone, Pep Boys, and OReilly Automotive (including CSK Automotive) and various traditional warehouses for the professional installers. We believe auto parts retail chains in total, currently account for approximately 35% of the North American after-market for remanufactured alternators and starters. We believe that demand for after-market remanufactured alternators and starters is in part driven by the number of vehicle miles driven and the age of vehicles. According to industry statistics, the average age of vehicles on the road in North America is increasing, while miles driven in North America decreased each month from January 2008 through March 2009. We believe this is primarily the result of the slowdown in the U.S. economy during this period. Historically, our business has focused on the do-it-yourself (DIY) market, customers who buy remanufactured alternators and starters at an auto parts store and install the parts themselves. ...
President, Mpa Asia Subsidiary
Vincent QuekNumber of Employees 1,735
Contact Information
2929 California St
Torrance, California 90503-3914
(310) 212-7910
Peer Companies
NAICS Code Other Motor Vehicle Electrical and Electronic Equipment Manufacturing: 336322
Recent Events
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Boris Johnson to become first Tory police chief
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Motorcar Parts Q2 Profit Rises - Quick Facts
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MPA Names New Head of Traditional Sales
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Motorcar Parts buys assets of Reliance Automotive
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MPAA: CEO Discusses Q1 Results and Positive Outlook for Growth
News & Analysis
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motorcar parts of america inc. - All News and Analysis
Motorcar Parts of America, Inc. F3Q08 (Qtr End 9/30/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Tony Cristello – BB&T Capital Markets. Tony Cristello – BB&T Capital Markets I guess one question, while you look at the gross margins up nicely year-over-year it was down sequentially from last quarter. Is there anything...
Motorcar Parts of America, Inc. F1Q09 (Qtr End 06/30/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Mitchell Sachs - Grand Slam. Mitchell Sachs - Grand Slam I’ve got a couple questions on the revenue both for the quarter and going forward, I was just trying to keep up with the information. You mentioned, I think David...
Motorcar Parts of America F4Q08 (Qtr End 3/31/08) Earnings Call Transcript
Question-and-Answer Session by Seeking Alpha
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Vincent Quek | President, Mpa Asia Subsidiary |
| Charles W. Yeagley | CFO, Vice President & Secretary |
| Mervyn McCulloch | Cfo |
| Bill Laughlin | Vice President, Traditional Aftermarket Sales |
| Doug Schooner | Vice President, Global Manufacturing Operations |
| Joe Terlikosky | Vice President, Purchasing |
| John Foster | Vice President, Marketing |
| Michael Umansky | General Counsel, Secretary & Vice President |
| Steven Kratz | Vice President, Engineering |
| Tom Stricker | Vice President, Sales |
| Regina Gov | Director, IT |
| Mel Marks | Consultant |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Irv Siegel | Board of Directors |
| Philip Gay | Board of Directors |
| Rudolph J. Borneo | Board of Directors |
| Scott Adelson | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | President, Mpa Asia Subsidiary | Current |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | CFO, Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | Cfo | Current |
| Motorcar Parts & Accessories, Inc. | Board of Directors | Current |
| Deloitte Touche Tohmatsu | partner | Former |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | Vice President, Traditional Aftermarket Sales | Current |
| Tenneco Automotive, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | Vice President, Global Manufacturing Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | Vice President, Purchasing | Current |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | General Counsel, Secretary & Vice President | Current |
| Stroock & Stroock & Lavan LLP | partner | Former |
| University of Pennsylvania | Former |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | Vice President, Engineering | Current |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | Vice President, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | Director, IT | Current |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | Consultant | Current |
| Motorcar Parts & Accessories, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Motorcar Parts & Accessories, Inc. | Board of Directors | Current |
Rudolph Borneo joined our Board of Directors on November 20, 2004. Mr. Borneo is currently Vice Chairman and Director of Stores, Macy s West, a division of Macy s, Inc. Mr. Borneo served as President of Macy s California from 1989 to 1992 and President of Macy s West from 1992 until his appointment as Vice Chairman and Director of Stores. In addition, Mr. Borneo is currently on the Board of Directors of Grill Concepts, Inc. and a member of the Board of Trustees of Monmouth University. Mr. Borneo is a member of our Audit, Compensation, Ethics and Nominating and Corporate Governance Committees.
| Organization | Position | Status |
|---|---|---|
| Grill Concepts, Inc. | Board of Directors | Current |
| Ethics | Board of Directors | Current |
| Motorcar Parts & Accessories, Inc. | Board of Directors | Current |
Scott J. Adelson has been a Director of QAD since April 2006. Mr. Adelson is a Senior Managing Director at Houlihan Lokey Howard & Zukin, a leading international investment bank. During his 18 years with the firm, Mr. Adelson has helped advise hundreds of companies on a diverse and in-depth variety of corporate finance issues, including mergers and acquisitions. Mr. Adelson has written extensively on a number of corporate finance and securities valuation subjects and is a frequent commentator on CNBC, CNN and in various business publications. He is an active board member of various middle market businesses as well as several recognized non-profit organizations such as the USC Entrepreneur Program. Mr. Adelson holds a bachelor degree from the University of Southern California and a master of business administration degree from the University of Chicago, Graduate School of Business.
| Organization | Position | Status |
|---|---|---|
| Houlihan Lokey Howard & Zukin | Senior Managing Director | Current |
| Semester At Sea | Board of Directors | Current |
| Motorcar Parts & Accessories, Inc. | Board of Directors | Current |
| Callaway Golf Company | Former | |
| Lockheed Martin Corporation | Former | |
| Southern California University | Former | |
| QUALCOMM Incorporated | Former | |
| University of Chicago Graduate School of Business | Master of Business Administration Degree | Former |
| University of Chicago | M.B.A. | Former |
Executive News
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