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Credit Rating Analysis: Nihon Inter Electronics (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): Nihon Inter Electronics (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CCC  Credit is fragile, and depended on biz environs. ¥ 22 B
-6.48%
¥ 405 M
-8.98%
¥ 279 M
-26.38%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BCCCCCB
Total Assets
¥ 19 B
¥ 18 B
¥ 18 B
¥ 18 B
Net Assets
¥ 4 B
¥ 4 B
¥ 5 B
¥ 5 B

Financial Statement Risk Analysis: Nihon Inter Electronics (Annual ) (Consolidated )

Special note
Net sales has dropped 5 consecutive terms. The business have high risk.
The change of Net income is going too far. The management situation is unstable.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 22 B) is first term Sales (¥ 24 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 279 M) is first term Net Income (¥ 379 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (1.23%) is first term Net Profit Margin (1.56%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -521 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 3 B) is a plus,
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 24 B) is first term Sales (¥ 30 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 19 B) is first term Gross Income (¥ 25 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -156 M) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -302 M) is Sales first term ratio (¥ -5 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Stated Capital less
Stated Capital (¥ 2 B) is first term Stated Capital (¥ 4 B) less , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 30 B) is first term Sales (¥ 30 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 25 B) is first term Gross Income (¥ 29 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Risk (*Operating Cash Flow is minus or 0 &Sales is decrease )
Sales (¥ 30 B) is first term Sales (¥ 30 B) less, however Operating Cash Flow (¥ -293 M) is compensated for Investment Cash Flow (¥ 1 B) etc. , there is a possibility that the financing is severe.
Financing Risk (*Issuance of new shares)
Investment Cash Flow (¥ 1 B) is a plus, Issuance of new shares (¥ 8 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 (¥ -293 M) is a minus, Financial Cash Flow (¥ 3 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 (¥ -293 M) is minus, Investment Cash Flow (¥ 1 B) is plus. Because the main occupation was dull, stock property may have been sold off.
Non-performing asset Risk
Operating Cash Flow (¥ -293 M) is a minus, Other Current Assets (¥ 11 B) - more than 50% of Total Assets (¥ 22 B) is occupied , there is a possibility of holding the non-performing asset.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Liabilities in excess of assets)
Net Assets (¥ -4 B) is minus, so Liabilities in excess of assets , the management situation is extremely severe.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -9 B) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 30 B) is first term Sales (¥ 31 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -9 B) is first term Net Income (¥ -5 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-30.00%) is first term Net Profit Margin (-17.55%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -289 M) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 466 M) is a plus,
Non-performing asset Risk
Net Income (¥ -9 B) is a minus, Other Current Assets (¥ 12 B) - more than 50% of Total Assets (¥ 20 B) is occupied , there is a possibility of holding the non-performing asset.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -5 B) & Operating Cash Flow (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is very severe.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -1 B) 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 (¥ -5 B) & Operating Cash Flow (¥ -1 B), Dividend (¥ -61 M) is paid.
Non-performing asset Risk
Net Income (¥ -5 B) Operating Cash Flow (¥ -1 B) is a minus, Other Current Assets (¥ 17 B) - more than 50% of Total Assets (¥ 29 B) is occupied , there is a possibility of holding the non-performing asset.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -1 B) and Investment Cash Flow (¥ -531 M) is minus, so , there is a possibility of the overinvestment.

Related Information: Nihon Inter Electronics (Annual )

Statement Type
Annual : Nihon Inter Electronics
First quarter : Nihon Inter Electronics
Second quarter : Nihon Inter Electronics
Third quarter : Nihon Inter Electronics
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@Outline : Nihon Inter Electronics
@Statement : Nihon Inter Electronics
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Industry Comparison Ranking
Electric Appliances - EDIUNET Industry Rankings
Electric Appliances - EDIUNET Credit Rating
Electric Appliances - EDIUNET Industry Avg
Comparison with a neighboring company
Kanagawa - EDIUNET Prefectures
Kanagawa秦野市 - EDIUNET Prefectures

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Ticker Market Industry Month report Rating
@ Nihon Inter Electronics 6974 TSE 2st Electric Appliances 3 Annual CCC

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