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Credit Rating (Bankruptcy Risk): 中北製作所 (Annual ) Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: 中北製作所 (Annual ) (Non-Consolidated )

Special note

Net sales has dropped 5 consecutive terms. The business have high risk.

Net Assets have increased 5consecutive terms. The fiscal base is getting better.

Cash(¥ 5 B) is more than the total liabilities(¥ 5 B). It is a very steady fiscal base!

[Date: 2013-05-31]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 17 B) is first term Sales (¥ 20 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ 468 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 (2.75％) is first term Net Profit Margin (4.97％) less , there is a possibility that the profitability has deteriorated.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -2 B) & Financial Cash Flow (¥ -432 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,

Dividend
Under the situation of Net Income (¥ 468 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -430 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -892 M) is Sales first term ratio (¥ -3 B) more , there is a possibility that the non-performing asset was increased.

[Date: 2012-05-31]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 20 B) is first term Sales (¥ 22 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 (4.97％) is first term Net Profit Margin (5.15％) 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 (¥ -594 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,

Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -574 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -78 M) is Sales first term ratio (¥ -1 B) more , there is a possibility that the non-performing asset was increased.

[Date: 2011-05-31]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 22 B) is first term Sales (¥ 22 B) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 18 B) is first term Gross Income (¥ 18 B) less , there is a possibility that the management situation has stagnated and deteriorated

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -671 M) & Financial Cash Flow (¥ -481 M) is a minus, Operating Cash Flow (¥ 2 B) is a plus,

Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 2 B) , Dividend (¥ -478 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 38 M) is Sales first term ratio (¥ -195 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2010-05-31]  Danger : Warning : Caution : Good

Management Risk (*Sales is decrease )
Sales (¥ 22 B) is first term Sales (¥ 28 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 (4.48％) is first term Net Profit Margin (5.33％) less , there is a possibility that the profitability has deteriorated.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -691 M) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 4 B) is a plus,

Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 4 B) , Dividend (¥ -574 M) is paid.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -4 B) is Sales first term ratio (¥ -5 B) more , there is a possibility that the non-performing asset was increased.

[Date: 2009-05-31]  Danger : Warning : Caution : Good

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -321 M) and Investment Cash Flow (¥ -1 B) is minus, Net Income (¥ 1 B) 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.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -321 M) is a minus, Other Current Assets (¥ 17 B) - more than 66% of Total Assets (¥ 26 B) is occupied , the possibility of holding the non-performing asset is very high.

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -321 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.

Dividend Risk
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ -321 M), Dividend (¥ -574 M) is paid.