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Credit Rating (Bankruptcy Risk): Corporation Akita Tubakidai Golf Club (Annual ) Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: Corporation Akita Tubakidai Golf Club (Annual ) (Non-Consolidated )

Special note

Net income is minus 4 consecutive terms. The business have very high risk.

The change of Operating cash flow is going too far. The management situation is unstable.

Net Assets have dropped 4 consecutive terms. The fiscal base is getting worse.

[Date: 2012-12-31]  Danger : Warning : Caution : Good

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -84 M) 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(¥ -44 M) & Operating Cash Flow (¥ -6 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Management Risk (*Gross Income is decrease )
Gross Income (¥ 325 M) is first term Gross Income (¥ 331 M) less , there is a possibility that the management situation has stagnated and deteriorated

Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -6 M) and Investment Cash Flow (¥ -1 M) is minus, so , there is a possibility of the overinvestment.

[Date: 2011-12-31]  Danger : Warning : Caution : Good

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -39 M) 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(¥ -50 M) & Operating Cash Flow (¥ -31 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -53 M) & Operating Cash Flow (¥ -31 M) is a minus, Interest-bearing Debt (¥ 70 M) is first term Interest-bearing Debt (-) more , there is a possibility that the financing is very severe.

Management Risk (*Sales is decrease )
Sales (¥ 266 M) is first term Sales (¥ 320 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ -50 M) is first term Net Income (¥ -8 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-18.74％) is first term Net Profit Margin (-2.67％) less , there is a possibility that the profitability has deteriorated.

Financing Risk (*Operating Cash Flow is minus or 0 ＆Sales & Net Income is decrease )
Sales (¥ 266 M) is first term Sales (¥ 320 M) less Net Income (¥ -50 M) is first term Net Income (¥ -8 M) less, however Operating Cash Flow (¥ -31 M) is compensated for Investment Cash Flow (¥ 776 K) etc. , there is a possibility that the financing is severe.

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -31 M) is a minus, Financial Cash Flow (¥ 64 M) 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 (¥ -31 M) is minus, Investment Cash Flow (¥ 776 K) is plus. Because the main occupation was dull, stock property may have been sold off.

Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -1 M) is Sales first term ratio (¥ -53 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2010-12-31]  Danger : Warning : Caution : Good

Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -8 M) & Operating Cash Flow (¥ -3 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Management Risk (*Sales is decrease )
Sales (¥ 320 M) is first term Sales (¥ 364 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 373 M) is first term Gross Income (¥ 407 M) 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 (¥ 102 K) is Sales first term ratio (¥ -43 M) more , there is a possibility that the non-performing asset was increased.

Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -3 M) and Investment Cash Flow (¥ -2 M) is minus, so , there is a possibility of the overinvestment.

[Date: 2009-12-31]  Danger : Warning : Caution : Good

Management Risk (*Net Income is minus or 0 )
Net Income (¥ -9 M) is minus or 0, so , there is a possibility that the management situation is severe.