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Credit Rating Analysis: KODAMA CHEMICAL INDUSTRY (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): KODAMA CHEMICAL INDUSTRY (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CC  Credit is very vulnerable. ¥ 21 B
22.82%
¥ 460 M
547.88%
¥ 202 M
334.88%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCCCCCCCCC
Total Assets
¥ 19 B
¥ 19 B
¥ 20 B
¥ 20 B
Net Assets
¥ 2 B
¥ 2 B
¥ 2 B
¥ 2 B

Financial Statement Risk Analysis: KODAMA CHEMICAL INDUSTRY (Annual ) (Consolidated )

Special note
The change of Net income is going too far. The management situation is unstable.
5 consecutive terms, Cumulative loss. The fiscal base is unstable.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -771 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -329 M) and Investment Cash Flow (¥ -988 M) is minus, Net Income (¥ 202 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.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -329 M) is a minus, Financial Cash Flow (¥ 506 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.
Financing Risk (*Interest-bearing Debt more)
Operating Cash Flow (¥ -329 M) is a minus, Interest-bearing Debt (¥ 9 B) is first term Interest-bearing Debt (¥ 8 B) more , there is a possibility that the financing has deteriorated very much.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -1 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(¥ -86 M) & Operating Cash Flow (¥ -405 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 (¥ -535 M) & Operating Cash Flow (¥ -405 M) is a minus, Interest-bearing Debt (¥ 8 B) is first term Interest-bearing Debt (¥ 6 B) more , there is a possibility that the financing is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 17 B) is first term Sales (¥ 17 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -86 M) 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 (-0.50%) is first term Net Profit Margin (6.17%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -405 M) is a minus, Financial Cash Flow (¥ 1 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 (¥ 1 B) is Sales first term ratio (¥ -535 M) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -405 M) and Investment Cash Flow (¥ -835 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -1 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -2 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 (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 14 B) is first term Sales (¥ 17 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 (-7.63%) is first term Net Profit Margin (-6.34%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -272 M) is a minus, Operating Cash Flow (¥ 274 M) is a plus,
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -239 M) is Sales first term ratio (¥ -2 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -1 B) is a minus, the cashflow of Operating Cash Flow (¥ 274 M) is smaller than Investment Cash Flow (¥ -1 B) , there is a possibility of the overinvestment.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -1 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 (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is severe.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -1 B) is a minus, the cashflow of Operating Cash Flow (¥ 396 M) is smaller than Investment Cash Flow (¥ -3 B) , there is a possibility of the overinvestment.

Related Information: KODAMA CHEMICAL INDUSTRY (Annual )

Statement Type
Annual : KODAMA CHEMICAL INDUSTRY
First quarter : KODAMA CHEMICAL INDUSTRY
Second quarter : KODAMA CHEMICAL INDUSTRY
Third quarter : KODAMA CHEMICAL INDUSTRY
Analysis Menu
@Outline : KODAMA CHEMICAL INDUSTRY
@Statement : KODAMA CHEMICAL INDUSTRY
@Rating : KODAMA CHEMICAL INDUSTRY
@Indicator : KODAMA CHEMICAL INDUSTRY
@Download : KODAMA CHEMICAL INDUSTRY
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Ticker Market Industry Month report Rating
@ KODAMA CHEMICAL INDUSTRY 4222 TSE 2st Chemicals 3 Annual CC

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