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Credit Rating Analysis: MEITEC (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): MEITEC (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  AA  Credit is very high, slightly affected by biz environs. ¥ 70 B
5.04%
¥ 6 B
16.19%
¥ 5 B
111.99%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating AAAAAAA
Total Assets
¥ 53 B
¥ 58 B
¥ 56 B
¥ 57 B
Net Assets
¥ 35 B
¥ 38 B
¥ 37 B
¥ 37 B

Financial Statement Risk Analysis: MEITEC (Annual ) (Consolidated )

Special note
Cash(¥ 26 B) is more than the total liabilities(¥ 19 B). It is a very steady fiscal base!
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -465 M) & Financial Cash Flow (¥ -4 B) is a minus, Operating Cash Flow (¥ 5 B) is a plus,
Dividend
Under the situation of Net Income (¥ 5 B) & Operating Cash Flow (¥ 5 B) , Dividend (¥ -1 B) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 70 B) is first term (¥ 66 B) more, however Operating Cash Flow (¥ 5 B) is first term (¥ 5 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is decrease )
Net Income (¥ 2 B) is first term Net Income (¥ 3 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (4.22%) is first term Net Profit Margin (5.97%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -292 M) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 5 B) is a plus,
Dividend
Under the situation of Net Income (¥ 2 B) & Operating Cash Flow (¥ 5 B) , Dividend (¥ -1 B) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 66 B) is first term (¥ 61 B) more, however Operating Cash Flow (¥ 5 B) is first term (¥ 9 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2011-03-31]
*Financial Statement Risk was not found.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -904 M) & Operating Cash Flow (¥ -1 B) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 53 B) is first term Sales (¥ 79 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -904 M) is first term Net Income (¥ 4 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-1.68%) is first term Net Profit Margin (5.39%) less , there is a possibility that the profitability has deteriorated.
Dividend Risk
Under the situation of Net Income (¥ -904 M) & Operating Cash Flow (¥ -1 B), Dividend (¥ -1 B) is paid.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -1 B) is Sales first term ratio (¥ -26 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -1 B) and Investment Cash Flow (¥ -19 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Dividend
Under the situation of Net Income (¥ 4 B) & Operating Cash Flow (¥ 6 B) , Dividend (¥ -2 B) is paid.

Ticker Market Industry Month report Rating
@ MEITEC 9744 TSE 1st Other Services 3 Annual AA

Related Company

@ Temp Holdings (Sales ¥ 233 B)
@ HAKUHODO DY HOLDINGS (Sales ¥ 978 B)
@ AIN PHARMACIEZ (Sales ¥ 154 B)
@ 三菱UFJリース (Sales ¥ 724 B)
@ BML (Sales ¥ 92 B)
@ ユー・エス・エス (Sales ¥ 63 B)
@ ナック (Sales ¥ 64 B)
@ メッセージ (Sales ¥ 38 B)
@ OYO (Sales ¥ 40 B)
@ NEC Mobiling (Sales ¥ 141 B)
@ サニックス (Sales ¥ 43 B)
@ 東急コミュニティー (Sales ¥ 118 B)
@ NEC Mobiling (Sales ¥ 126 B)
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