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Credit Rating Analysis: Daido Kogyo (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): Daido Kogyo (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2011-03-31  B  Credit is not enough, easily undermined by biz environs. ¥ 242 B
39.34%
¥ 2 B
231.12%
¥ 1 B
316.22%

Financial Timeline

Date  - 
(First quarter )
 - 
(Third quarter )
 2011-03-31 
(Annual )
 2011-09-30 
(Second quarter )
Credit Rating --BB
Total Assets
¥ 92 B
¥ 91 B
Net Assets
¥ 14 B
¥ 13 B

Financial Statement Risk Analysis: Daido Kogyo (Annual ) (Consolidated )

Special note
Net Assets have increased 3consecutive terms. The fiscal base is getting better.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -9 B) is a minus, Other Current Assets (¥ 80 B) - more than 66% of Total Assets (¥ 92 B) is occupied , the possibility of holding the non-performing asset is very high.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -9 B) is a minus, Financial Cash Flow (¥ 8 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 (¥ -9 B), Dividend (¥ -225 M) is paid.
Financing Risk (*Interest-bearing Debt more)
Operating Cash Flow (¥ -9 B) is a minus, Interest-bearing Debt (¥ 18 B) is first term Interest-bearing Debt (¥ 15 B) more , there is a possibility that the financing has deteriorated very much.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 242 B) is first term (¥ 174 B) more, however Operating Cash Flow (¥ -9 B) is first term (¥ 5 B) less , there is a possibility that the financing has deteriorated very much.
Financing Risk (*Sale of stock property)
Operating Cash Flow (¥ -9 B) is minus, Investment Cash Flow (¥ 860 M) is plus. Because the main occupation was dull, stock property may have been sold off.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 174 B) is first term Sales (¥ 269 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 339 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 (0.19%) is first term Net Profit Margin (0.63%) 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 (¥ -9 B) is a minus, Operating Cash Flow (¥ 5 B) is a plus,
Dividend
Under the situation of Net Income (¥ 339 M) & Operating Cash Flow (¥ 5 B) , Dividend (¥ -303 M) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 5 B) is Sales first term ratio (¥ -95 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 (¥ -917 M) is paid.

Ticker Market Industry Month report Rating
@ Daido Kogyo Wholesale Trade 3 Annual B

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