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Credit Rating Analysis: MITSUBISHI PAPER MILLS (Annual )

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

【Analysis Menu】 @Outline @Statement @Rating @Indicator @Download

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Credit Rating (Bankruptcy Risk): MITSUBISHI PAPER MILLS (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. ¥ 200 B
3.07%
¥ 2 B
199.88%
¥ 1 B
202.65%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BBBBCCCC
Total Assets
¥ 276 B
¥ 265 B
¥ 272 B
¥ 259 B
Net Assets
¥ 53 B
¥ 56 B
¥ 54 B
¥ 55 B

Financial Statement Risk Analysis: MITSUBISHI PAPER MILLS (Annual ) (Consolidated )

Special note
The change of Net income is going too far. The management situation is unstable.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -12 B) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 7 B) is a plus,
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -15 B) & Operating Cash Flow (¥ -1 B) is a minus, Interest-bearing Debt (¥ 156 B) is first term Interest-bearing Debt (¥ 141 B) 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 (¥ -1 B) and Investment Cash Flow (¥ -9 B) is minus, Net Income (¥ 565 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 (¥ 194 B) is first term Sales (¥ 210 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 163 B) is first term Gross Income (¥ 173 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 (¥ 15 B) 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 (¥ 14 B) is Sales first term ratio (¥ -15 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -14 B) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 210 B) is first term Sales (¥ 219 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -14 B) is first term Net Income (¥ -1 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-6.88%) is first term Net Profit Margin (-0.73%) less , there is a possibility that the profitability has deteriorated.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 219 B) is first term Sales (¥ 253 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -1 B) is first term Net Income (¥ 1 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-0.73%) is first term Net Profit Margin (0.46%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -8 B) & Financial Cash Flow (¥ -3 B) is a minus, Operating Cash Flow (¥ 15 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -1 B) & Operating Cash Flow (¥ 15 B), Dividend (¥ -855 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -9 B) is Sales first term ratio (¥ -33 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 4 B) , Dividend (¥ -1 B) is paid.

Related Information: MITSUBISHI PAPER MILLS (Annual )

Statement Type
Annual : MITSUBISHI PAPER MILLS
First quarter : MITSUBISHI PAPER MILLS
Second quarter : MITSUBISHI PAPER MILLS
Third quarter : MITSUBISHI PAPER MILLS
Analysis Menu
@Outline : MITSUBISHI PAPER MILLS
@Statement : MITSUBISHI PAPER MILLS
@Rating : MITSUBISHI PAPER MILLS
@Indicator : MITSUBISHI PAPER MILLS
@Download : MITSUBISHI PAPER MILLS
Industry Comparison Ranking
Pulp & Paper - EDIUNET Industry Rankings
Pulp & Paper - EDIUNET Credit Rating
Pulp & Paper - EDIUNET Industry Avg
Comparison with a neighboring company
Tokyo - EDIUNET Prefectures
Tokyo墨田区 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
1/15 LIHIT LAB. A 2013-11-30 (Q3)
1/9 Okayama Paper Industries A→BBB 2013-11-30 (Q2)
12/6 IMURA ENVELOPE BB→BBB 2013-10-31 (Q3)
11/14 古林紙工 BB→A 2013-09-30 (Q2)
11/13 HOKUETSU KISHU PAPER BB→BBB 2013-09-30 (Q2)
11/12 Chuetsu Pulp & Paper BB→BBB 2013-09-30 (Q2)
11/12 Tokushu Tokai Holdings BBB→A 2013-09-30 (Q2)
11/12 OHMURA SHIGYO AAA→AA 2013-09-30 (Q2)
11/11 Daio Paper B→BBB 2013-09-30 (Q2)
11/11 昭和パックス BBB→A 2013-09-30 (Q2)

Ticker Market Industry Month report Rating
@ MITSUBISHI PAPER MILLS 3864 TSE 1st Pulp & Paper 3 Annual BB

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@ HAVIX (Sales ¥ 8 B)
@ Dynapac (Sales ¥ 45 B)
@ 野崎印刷紙業 (Sales ¥ 16 B)
@ LIHIT LAB. (Sales ¥ 8 B)
@ IMURA ENVELOPE (Sales ¥ 21 B)
@ KOKUYO (Sales ¥ 275 B)
@ ニッポン高度紙工業 (Sales ¥ 10 B)
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