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Credit Rating Analysis: 中外鉱業 (Annual )

The details of credit rating (bankruptcy risk) can be checked. A credit rating in nine stages (AAA-C).

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Credit Rating (Bankruptcy Risk): 中外鉱業 (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  BB  Credit is a little enough, but be insufficient potential by biz environs. ¥ 19 B
-25.00%
¥ 1 B
931.25%
¥ 241 M
156.97%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CBBCC
Total Assets
¥ 14 B
¥ 14 B
¥ 17 B
¥ 15 B
Net Assets
¥ 8 B
¥ 7 B
¥ 6 B
¥ 7 B

Financial Statement Risk Analysis: 中外鉱業 (Annual ) (Consolidated )

Special note
Net sales has dropped 5 consecutive terms. The business have high risk.
The change of Net income is going too far. The management situation is unstable.
5 consecutive terms, Cumulative loss. The fiscal base is unstable.
Cash(¥ 3 B) is more than the total liabilities(¥ 1 B). It is a very steady fiscal base!
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -4 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 19 B) is first term Sales (¥ 26 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 16 B) is first term Gross Income (¥ 24 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -6 B) & Operating Cash Flow first term ratio (¥ -72 M) is a minus, Interest-bearing Debt (¥ 956 M) is first term Interest-bearing Debt (¥ 654 M) more , there is a possibility that the financing has deteriorated very much.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -465 M) is Sales first term ratio (¥ -6 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -5 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -423 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 26 B) is first term Sales (¥ 31 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -423 M) is first term Net Income (¥ 322 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-1.62%) is first term Net Profit Margin (1.01%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -451 M) & Financial Cash Flow (¥ -99 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -1 B) is Sales first term ratio (¥ -5 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -4 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Current Profit & Operating Cash Flow is minus or 0 )
Current Profit(¥ -437 M) & Operating Cash Flow (¥ -559 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -713 M) & Operating Cash Flow (¥ -559 M) is a minus, Interest-bearing Debt (¥ 809 M) is first term Interest-bearing Debt (¥ 491 M) more , there is a possibility that the financing is very severe.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -559 M) and Investment Cash Flow (¥ -216 M) is minus, Net Income (¥ 322 M) is plus. Because it is unnatural that profits have come out in this situation, the possibility of holding the non-performing asset is very high.
Management Risk (*Sales is decrease )
Sales (¥ 31 B) is first term Sales (¥ 32 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 30 B) is first term Gross Income (¥ 32 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -559 M) is a minus, Financial Cash Flow (¥ 327 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -11 M) is Sales first term ratio (¥ -713 M) more , there is a possibility that the non-performing asset was increased.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -5 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -1 B) & Operating Cash Flow (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is very severe.
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -4 B) & Operating Cash Flow (¥ -1 B) is a minus, Interest-bearing Debt (¥ 491 M) is first term Interest-bearing Debt (¥ 89 M) more , there is a possibility that the financing is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 32 B) is first term Sales (¥ 36 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 32 B) is first term Gross Income (¥ 33 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -1 B) is a minus, Financial Cash Flow (¥ 401 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -1 B) is Sales first term ratio (¥ -4 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -1 B) and Investment Cash Flow (¥ -129 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -3 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -3 B) is minus or 0, so , there is a possibility that the management situation is severe.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -255 M) & Financial Cash Flow (¥ -66 M) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
Non-performing asset Risk
Net Income (¥ -3 B) is a minus, Other Current Assets (¥ 5 B) - more than 50% of Total Assets (¥ 9 B) is occupied , there is a possibility of holding the non-performing asset.

Ticker Market Industry Month report Rating
@ 中外鉱業 1491 TSE 2st Metal Mining 3 Annual BB

Related Company

@ NIHON SEIKO (Sales ¥ 11 B)
@ DOWA HOLDINGS (Sales ¥ 419 B)
@ 中外鉱業 (Sales ¥ 19 B)
@ JIPANGU (Sales ¥ 5 B)
@ Sumitomo Metal Mining (Sales ¥ 808 B)
@ Mitsui Mining and Smelting (Sales ¥ 417 B)
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