[T.S.R:11692] stock idea Panasonic Carbon

Panasonic Carbon-Value Buy
BSE 508941; CMP Rs 143
 
With a forecast EPS in excess of Rs 12 for FY10, the Matsushita Japan owned Panasonic Carbon is a value play. Growing urbanisation and wide usage of mobile appliances like search lights, cameras, radio and portable TV and Music systems create a captive market for stored energy devices like batteries-for which Panasonic supplies midget electrodes.

 
Background
 
Panasonic Carbon India Co. Limited (PCIN) formerly Indo Matsushita Carbon India Co. Ltd was incorporated on 6th September, 1982. PCIN entered into a Foreign Collaboration Agreement with Matsushita Group, Japan on 6th January 1982 for obtaining Technical know-how and assistance for manufacture and sale of Midget Electrodes (Carbon Rods) .

 
The supply of quality product plays an important part for every business organization on account of stiff competition throughout the World. Realising this, the Company, since its inception, is committed to provide Quality Carbon Rods (Midget Electrodes) through its advanced technology to various Dry Cell Battery Manufacturers in and outside India. 

The Company achieved success by setting up a Quality Management System. A system which ensures commitment of all employees towards compliance of stringent quality standards and also to meet the requirement of customers and achieve higher levels of Customer Satisfaction A committed effort is to give more than what the customer needs from the companys products and services.  A commitment of all employees perfectly guided by the top management of the company. ¦nbsp;

As part of this process the Company established the Internationally Accepted Quality Management System and got certified for ISO 9001:2000 Standards in October, 1995. Consequently series of, surveillance, inspection and recertification audits have become a part of an annual calendar of activities. ¦nbsp;

This system has been successful in demonstrating company's commitment to quality. ¦nbsp;
The Company established Environmental Management System and got certified for ISO 14001 Standards in July 1998. Consequently series of surveillance, inspection and recertification audits have become a part of an annual calendar of activities. This system has been successful in demonstrating company's commitment to environmental Management System.


Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
 
Nothing in this article is, or should be construed as, investment advice. 
 
 

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