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Credit Rating Analysis: RENOWN (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): RENOWN (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-02-28  B  Credit is not enough, easily undermined by biz environs. ¥ 76 B
2.13%
¥ -314 M
-705.12%
¥ 483 M
172.52%

Financial Timeline

Date  2012-11-30 
(Third quarter )
 2013-02-28 
(Annual )
 2013-05-31 
(First quarter )
 2013-08-31 
(Second quarter )
Credit Rating BBBBBC
Total Assets
¥ 43 B
¥ 37 B
¥ 41 B
¥ 36 B
Net Assets
¥ 23 B
¥ 22 B
¥ 23 B
¥ 20 B

Financial Statement Risk Analysis: RENOWN (Annual ) (Consolidated )

Special note
The change of Net income is going too far. The management situation is unstable.
[Date: 2013-02-28]  Danger : Warning : Caution : Good
Management Risk (*Current Profit is minus or 0 )
Current Profit (¥ -314 M) is minus or 0, so , there is a possibility that the management situation is severe.
[Date: 2012-02-29]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -666 M) & Operating Cash Flow (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is very severe.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 74 B) is first term (¥ 73 B) more, however Operating Cash Flow (¥ -1 B) is first term (¥ -222 M) less , there is a possibility that the financing has deteriorated very much.
Non-performing asset Risk
Net Income (¥ -666 M) Operating Cash Flow (¥ -1 B) is a minus, Other Current Assets (¥ 19 B) - more than 50% of Total Assets (¥ 38 B) is occupied , there is a possibility of holding the non-performing asset.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 1 B) is Sales first term ratio (¥ 1 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 (¥ -877 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2011-02-28]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -1 B) & Operating Cash Flow (¥ -222 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Financing Risk (*Operating Cash Flow is minus or 0 &Net Income & Sales is sharp decrease )
As compared with the first term of Sales (¥ 73 B) , Sales (¥ 129 B) is less than 80%, and As compared with the first term of Net Income (¥ -10 B) , Net Income (¥ -1 B) is less than 10%, Operating Cash Flow (¥ -222 M) is compensated for Investment Cash Flow (¥ 935 M) etc. , there is a possibility that the financing is extremely severe.
Management Risk (*Sales is decrease )
Sales (¥ 73 B) is first term Sales (¥ 129 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 41 B) is first term Gross Income (¥ 71 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Issuance of new shares)
Investment Cash Flow (¥ 935 M) is a plus, Issuance of new shares (¥ 3 B) is plus. Because it is thought that the circulating fund is gained by sale and new issue of stocks of stock property , there is a possibility that the financing is severe.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -222 M) is a minus, Financial Cash Flow (¥ 2 B) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -222 M) is minus, Investment Cash Flow (¥ 935 M) is plus. Because the main occupation was dull, stock property may have been sold off.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -398 M) is Sales first term ratio (¥ -55 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2010-02-28]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -10 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 (¥ -5 B) & Financial Cash Flow (¥ -7 B) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -10 B) is a minus, the cashflow of Operating Cash Flow (¥ 2 B) is smaller than Investment Cash Flow (¥ -5 B) , there is a possibility of the overinvestment.

Ticker Market Industry Month report Rating
@ RENOWN 3606 TSE 1st Textiles & Apparels 2 Annual B

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