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Credit Rating Analysis: SBI Net Systems (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): SBI Net Systems (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2011-03-31  C  Credit is extremely vulnerable. The lowest rating. ¥ 5 B
26.77%
¥ -236 M
52.47%
¥ -757 M
13.24%

Financial Timeline

Date  2011-03-31 
(Annual )
 2011-06-30 
(First quarter )
 2011-09-30 
(Second quarter )
 2011-12-31 
(Third quarter )
Credit Rating CCCC
Total Assets
¥ 5 B
¥ 5 B
¥ 5 B
¥ 5 B
Net Assets
¥ 1 B
¥ 1 B
¥ 1 B
¥ 1 B

Financial Statement Risk Analysis: SBI Net Systems (Annual ) (Consolidated )

Special note
Net income is minus 3 consecutive terms. The business have very high risk.
3 consecutive terms, Cumulative loss. The fiscal base is unstable.
Net Assets have dropped 3 consecutive terms. The fiscal base is getting worse.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -2 B) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -757 M) is minus or 0, so , there is a possibility that the management situation is severe.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -757 M) is a minus, the cashflow of Operating Cash Flow (¥ 169 M) is smaller than Investment Cash Flow (¥ -389 M) , there is a possibility of the overinvestment.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -1 B) 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(¥ -873 M) & Operating Cash Flow (¥ -234 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 (¥ -1 B) & Operating Cash Flow (¥ -234 M) is a minus, Interest-bearing Debt (¥ 350 M) is first term Interest-bearing Debt (¥ 105 M) more , there is a possibility that the financing is very severe.
Management Risk (*Sales is decrease )
Sales (¥ 4 B) is first term Sales (¥ 6 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ -873 M) is first term Net Income (¥ -327 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-20.10%) is first term Net Profit Margin (-5.41%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -234 M) is a minus, Financial Cash Flow (¥ 244 M) is a plus. Because sale is inactive, it may depend for financing on loan from banks, capital increase, etc.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ -116 M) is Sales first term ratio (¥ -1 B) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -234 M) and Investment Cash Flow (¥ -480 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -769 M) is minus, so Cumulative loss , there is a possibility that the management situation is severe.
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -327 M) is minus or 0, so , there is a possibility that the management situation is severe.
Overinvestment Risk (*Investment Cash Flow confirmed content)
Net Income (¥ -327 M) is a minus, the cashflow of Operating Cash Flow (¥ 107 M) is smaller than Investment Cash Flow (¥ -1 B) , there is a possibility of the overinvestment.

Ticker Market Industry Month report Rating
@ SBI Net Systems 2355 Other Services 3 Annual C

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