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Report Date : |
10.06.2014 |
IDENTIFICATION DETAILS
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Name : |
INCREMENT P CORPORATION |
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Registered Office : |
Cube Kawasaki 2F, 1-14 Nisshincho Kawasakiku Kawasaki Kanagawa-Pref 210-0021 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
August 1991 |
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Com. Reg. No.: |
0200-01-086497 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of car navigation systems, multi-language maps,
world-wide maps, other |
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No of Employees : |
512 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
COMPANY NAME:
INCREMENT
P CORPORATION
REGD NAME:
Increment P KK
MAIN OFFICE:
Cube Kawasaki 2F, 1-14 Nisshincho Kawasakiku
Kawasaki Kanagawa-Pref
210-0021 JAPAN
Tel: 044-223-1400 Fax: 044-223-1422
URL: Error! Hyperlink reference not valid.incrementp.co.jp
E-Mail address: (thru the URL)
ACTIVITIES:
Mfg of car navigation systems,
multi-language maps, world-wide maps, other
BRANCHES:
Morioka
OVERSEAS:
China
FACTORIES:
Morioka, Saitama, China
(--subsidiaries)
OFFICERS:
TAKUMI JINGUJI, PRES Yasuyuki Iida, dir
Hitoshi Kono, dir Toshiaki
Watanabe, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 9,733 M
PAYMENTSNO COMPLAINTS CAPITAL Yen
435 M
TREND SLOW WORTH Yen
4,413 M
STARTED 1991 EMPLOYES 512
COMMENT:
MFR OF CAR NAVIGATION SYSTEMS, WORLD-WIDE MAPS, OTHER, OWNED
BY PANASONIC CORP.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
HIGHLIGHTS:
The
subject company was established on the basis of mfg division separated from
Pioneer Corp (See REGISTRATION). This is a specialized mfr of car navigation
systems, multi-language maps, world-wide maps, PC software, CAD input systems,
other. Has a factory in China. Clients include communication firms,
electronic makers, car makers, other.
FINANCIAL
INFORMATION:
The
sales volume for Mar/2013 fiscal term amounted to Yen 9,733 million, an 11%
down from Yen 10,914 million in the previous term. High Yen hurt imports/exports, reducing
revenues in Yen terms. The net profit
was posted Yen 1 million, compared with Yen 2 million a year ago.
For
the term that ended Mar 2014 the net profit was projected at Yen 3 million, on
a 5% rise in turnover, to Yen 10,200 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
REGISTRATION:
Date Registered:
Aug 1991
Regd No.: 0200-01-086497
(Kawasaki-Kawasakiku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 34,680
shares
Issued: 8,670
shares
Sum: Yen
435 million
Major shareholders
(%): Panasonic Corp* (100)
*.. Midsize
mfr of AV equipment, with car-mounted AV products including car navigation
systems, Kawasaki, founded 1947, listed Tokyo S/E, capital Yen 91,732 million, sales
Yen 451,841 million, operating profit Yen 5,997 million, recurring profit Yen
812 million, net losses Yen 19,552 million, total assets Yen 330,403 million,
net worth Yen 83,730 million, employees 22,369, pres Susumu Kotani
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION:
Activities:
Manufactures car navigation systems, multi-language Japan maps, worldwide city
map data, PC software, CAD input systems, other (--100%)
Manufacturing bases are in China, Morioka, and Saitama. Goods are both imported and exported.
Clients:
[Mfrs, wholesalers] Sony Corp, Interface Logitem, KDDI Corp, NTT DoComo Inc,
Pioneer Corp, Mitsubishi Electric Corp, Fujitsu Ten Ltd, JVC Kenwood Corp,
other
No.
of accounts: 350
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Increment P Shanghai, Global Survey, NTT Town Page Co, CIJ
Next, Japan Digital Road Map Assn, other
Payment record: Regular
Location:
Business area in Kawasaki. Office
premises at the caption address are leased and maintained satisfactory.
Bank
References:
MUFG
(Meguro-Ekimae)
Mizuho
Bank (Meguro)
Relations:
Satisfactory
FINANCES (In Million
Yen)
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Terms Ending: |
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
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Annual
Sales |
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10,200 |
9,733 |
10,914 |
9,572 |
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Recur.
Profit |
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Net
Profit |
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3 |
1 |
2 |
1 |
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Total
Assets |
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7,647 |
7,700 |
6,488 |
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Current
Assets |
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3,873 |
4,158 |
2,542 |
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Current
Liabs |
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3,103 |
3,293 |
2,230 |
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Net
Worth |
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4,413 |
4,108 |
3,787 |
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Capital,
Paid-Up |
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435 |
435 |
435 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.80 |
-10.82 |
14.02 |
-2.13 |
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Current Ratio |
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.. |
124.81 |
126.27 |
113.99 |
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N.Worth Ratio |
.. |
57.71 |
53.35 |
58.37 |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
0.03 |
0.01 |
0.02 |
0.01 |
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Return On Equity |
.. |
0.02 |
0.05 |
0.03 |
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Notes: Forecast (or estimated) figures for the 31/03/2014 fiscal term.
INFORMATION DETAILS
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Analysis Done by
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SMT |
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.