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Credit Rating Analysis: Ishikawa Seisakusho (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): Ishikawa Seisakusho (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  C  Credit is extremely vulnerable. The lowest rating. ¥ 7 B
-25.71%
¥ 185 M
49.19%
¥ 123 M
35.16%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating CCCC
Total Assets
¥ 10 B
¥ 9 B
¥ 11 B
¥ 12 B
Net Assets
¥ 941 M
¥ 2 B
¥ 2 B
¥ 2 B

Financial Statement Risk Analysis: Ishikawa Seisakusho (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. (¥ -2 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Financing Risk (*Issuance of new shares)
Financial Cash Flow (¥ -323 M) is a minus, Issuance of new shares (¥ 1 B) is plus. Because a possibility of having appropriated the capital-increase fund for repayment of borrowed money is high , there is a possibility that the financing is extremely severe.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -319 M) and Investment Cash Flow (¥ -51 M) is minus, Net Income (¥ 123 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 (¥ 7 B) is first term Sales (¥ 9 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 6 B) is first term Gross Income (¥ 8 B) less , there is a possibility that the management situation has stagnated and deteriorated
Non-performing asset Risk
Operating Cash Flow (¥ -319 M) is a minus, Other Current Assets (¥ 3 B) - more than 50% of Total Assets (¥ 6 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 (¥ 861 M) is Sales first term ratio (¥ -2 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. (¥ -3 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -85 M) & Financial Cash Flow (¥ -377 M) is a minus, Operating Cash Flow (¥ 920 M) is a plus,
[Date: 2011-03-31]  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 decrease )
Net Income (¥ 11 M) is first term Net Income (¥ 168 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.14%) is first term Net Profit Margin (2.37%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -39 M) & Financial Cash Flow (¥ -376 M) is a minus, Operating Cash Flow (¥ 340 M) is a plus,
[Date: 2010-03-31]  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 (*Sales is decrease )
Sales (¥ 7 B) is first term Sales (¥ 7 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 6 B) is first term Gross Income (¥ 7 B) less , there is a possibility that the management situation has stagnated and deteriorated
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 231 M) is Sales first term ratio (¥ -654 M) more , there is a possibility that the non-performing asset was increased.
[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 & Operating Cash Flow is minus or 0 )
Net Income(¥ -820 M) & Operating Cash Flow (¥ -137 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -137 M) and Investment Cash Flow (¥ -130 M) is minus, so , there is a possibility of the overinvestment.

Ticker Market Industry Month report Rating
@ Ishikawa Seisakusho 6208 TSE 1st Machinery 3 Annual C

Related Company

@ 明治機械 (Sales ¥ 5 B)
@ FREESIA MACROSS (Sales ¥ 11 B)
@ SHOWA SHINKU (Sales ¥ 7 B)
@ TAKES GROUP (Sales ¥ 4 B)
@ WAIDA MFG. (Sales ¥ 4 B)
@ Showa Manufacturing (Sales ¥ 10 B)
@ 平田機工 (Sales ¥ 38 B)
@ 太平製作所 (Sales ¥ 4 B)
@ NPC (Sales ¥ 4 B)
@ OKANO VALVE MFG. Co. (Sales ¥ 7 B)
@ KOKEN BORING. (Sales ¥ 5 B)
@ Nippon Conveyor (Sales ¥ 8 B)
@ NIPPON THOMPSON (Sales ¥ 35 B)
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