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Credit Rating Analysis: MARUFUJI SHEET PILING (Annual )

The details of credit rating (bankruptcy risk) can be checked. A credit rating in nine stages (AAA-C).

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Credit Rating (Bankruptcy Risk): MARUFUJI SHEET PILING (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  B  Credit is not enough, easily undermined by biz environs. ¥ 26 B
10.62%
¥ 820 M
3.01%
¥ 486 M
15.99%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating BBBBBBBCC
Total Assets
¥ 39 B
¥ 40 B
¥ 38 B
¥ 38 B
Net Assets
¥ 23 B
¥ 23 B
¥ 23 B
¥ 23 B

Financial Statement Risk Analysis: MARUFUJI SHEET PILING (Annual ) (Consolidated )

[Date: 2013-03-31]  Danger : Warning : Caution : Good
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -737 M) and Investment Cash Flow (¥ -622 M) is minus, Net Income (¥ 486 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.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Operating Cash Flow (¥ -737 M) is a minus, Other Current Assets (¥ 27 B) - more than 66% of Total Assets (¥ 40 B) is occupied , the possibility of holding the non-performing asset is very high.
Dividend Risk
Under the situation of Net Income (¥ 486 M) & Operating Cash Flow (¥ -737 M), Dividend (¥ -291 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 26 B) is first term (¥ 24 B) more, however Operating Cash Flow (¥ -737 M) is first term (¥ 1 B) less , there is a possibility that the financing has deteriorated very much.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets (¥ 27 B) is Operating Cash Flow (¥ -737 M) is a minus, Sales (¥ 26 B) more , there is a possibility of holding the non-performing asset.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -319 M) & Financial Cash Flow (¥ -291 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 419 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -291 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 24 B) is first term (¥ 22 B) more, however Operating Cash Flow (¥ 1 B) is first term (¥ 1 B) less , there is a possibility that the financing has deteriorated very much.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 2 B) is Sales first term ratio (¥ 1 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -255 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 22 B) is first term Sales (¥ 26 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -255 M) is first term Net Income (¥ 239 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-1.12%) is first term Net Profit Margin (0.90%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -253 M) & Financial Cash Flow (¥ -292 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -255 M) & Operating Cash Flow (¥ 1 B), Dividend (¥ -291 M) is paid.
Non-performing asset Risk
Net Income (¥ -255 M) is a minus, Other Current Assets (¥ 22 B) - more than 50% of Total Assets (¥ 36 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 (¥ -3 B) is Sales first term ratio (¥ -3 B) more , there is a possibility that the non-performing asset was increased.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets (¥ 22 B) is Net Income (¥ -255 M) is a minus, Sales (¥ 22 B) more , there is a possibility of holding the non-performing asset.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 26 B) is first term Sales (¥ 32 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 239 M) is first term Net Income (¥ 897 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.90%) is first term Net Profit Margin (2.79%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -291 M) & Financial Cash Flow (¥ -431 M) is a minus, Operating Cash Flow (¥ 1 B) is a plus,
Dividend
Under the situation of Net Income (¥ 239 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -291 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: 2009-03-31]  Danger : Warning : Caution : Good
Dividend
Under the situation of Net Income (¥ 897 M) & Operating Cash Flow (¥ 10 M) , Dividend (¥ -296 M) is paid.

Ticker Market Industry Month report Rating
@ MARUFUJI SHEET PILING 8046 TSE 2st Wholesale Trade 3 Annual B

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