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Credit Rating Analysis: NAGOYA ELECTRIC WORKS (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): NAGOYA ELECTRIC WORKS (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  CCC  Credit is fragile, and depended on biz environs. ¥ 12 B
-16.66%
¥ -652 M
39.74%
¥ -786 M
49.87%

Financial Timeline

Date  2012-06-30 
(First quarter )
 2012-09-30 
(Second quarter )
 2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
Credit Rating BBCCCCCCC
Total Assets
¥ 12 B
¥ 12 B
¥ 12 B
¥ 13 B
Net Assets
¥ 7 B
¥ 7 B
¥ 7 B
¥ 7 B

Financial Statement Risk Analysis: NAGOYA ELECTRIC WORKS (Annual ) (Consolidated )

Special note
The change of Net income is going too far. The management situation is unstable.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income is minus or 0 )
Net Income (¥ -786 M) is minus or 0, so , there is a possibility that the management situation is severe.
Management Risk (*Sales is decrease )
Sales (¥ 12 B) is first term Sales (¥ 14 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 10 B) is first term Gross Income (¥ 13 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -199 M) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 3 B) is a plus,
Dividend Risk
Under the situation of Net Income (¥ -786 M) & Operating Cash Flow (¥ 3 B), Dividend (¥ -30 M) is paid.
Non-performing asset Risk
Net Income (¥ -786 M) is a minus, Other Current Assets (¥ 6 B) - more than 50% of Total Assets (¥ 13 B) is occupied , there is a possibility of holding the non-performing asset.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -1 B) & Operating Cash Flow (¥ -775 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Management Risk (*Net Income is decrease )
Net Income (¥ -1 B) is first term Net Income (¥ 338 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-10.88%) is first term Net Profit Margin (2.49%) less , there is a possibility that the profitability has deteriorated.
Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -775 M) is a minus, Financial Cash Flow (¥ 1 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 (¥ -775 M), Dividend (¥ -30 M) is paid.
Financing Risk (*Interest-bearing Debt more)
Operating Cash Flow (¥ -775 M) is a minus, Interest-bearing Debt (¥ 2 B) is first term Interest-bearing Debt (¥ 1 B) more , there is a possibility that the financing has deteriorated very much.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 14 B) is first term (¥ 13 B) more, however Operating Cash Flow (¥ -775 M) is first term (¥ 37 M) less , there is a possibility that the financing has deteriorated very much.
Non-performing asset Risk
Net Income (¥ -1 B) Operating Cash Flow (¥ -775 M) is a minus, Other Current Assets (¥ 10 B) - more than 50% of Total Assets (¥ 16 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 (¥ 1 B) is Sales first term ratio (¥ 820 M) more , there is a possibility that the non-performing asset was increased.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -775 M) and Investment Cash Flow (¥ -438 M) is minus, so , there is a possibility of the overinvestment.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 13 B) is first term Sales (¥ 14 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 338 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 (2.49%) is first term Net Profit Margin (7.18%) less , there is a possibility that the profitability has deteriorated.
Dividend
Under the situation of Net Income (¥ 338 M) & Operating Cash Flow (¥ 37 M) , Dividend (¥ -42 M) is paid.
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -1 B) & Operating Cash Flow first term ratio (¥ -631 M) is a minus, Interest-bearing Debt (¥ 1 B) is first term Interest-bearing Debt (¥ 1 B) more , 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 (¥ 939 M) is Sales first term ratio (¥ -1 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -246 M) & Financial Cash Flow (¥ -297 M) is a minus, Operating Cash Flow (¥ 668 M) is a plus,
Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 668 M) , Dividend (¥ -30 M) is paid.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Income & Operating Cash Flow is minus or 0 )
Net Income(¥ -165 M) & Operating Cash Flow (¥ -50 M) is minus or 0, so , there is a possibility that the management situation is very severe.
Dividend Risk
Under the situation of Net Income (¥ -165 M) & Operating Cash Flow (¥ -50 M), Dividend (¥ -30 M) is paid.
Non-performing asset Risk
Net Income (¥ -165 M) Operating Cash Flow (¥ -50 M) is a minus, Other Current Assets (¥ 7 B) - more than 50% of Total Assets (¥ 13 B) is occupied , there is a possibility of holding the non-performing asset.
Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -50 M) and Investment Cash Flow (¥ -372 M) is minus, so , there is a possibility of the overinvestment.

Related Information: NAGOYA ELECTRIC WORKS (Annual )

Statement Type
Annual : NAGOYA ELECTRIC WORKS
First quarter : NAGOYA ELECTRIC WORKS
Second quarter : NAGOYA ELECTRIC WORKS
Third quarter : NAGOYA ELECTRIC WORKS
Analysis Menu
@Outline : NAGOYA ELECTRIC WORKS
@Statement : NAGOYA ELECTRIC WORKS
@Rating : NAGOYA ELECTRIC WORKS
@Indicator : NAGOYA ELECTRIC WORKS
@Download : NAGOYA ELECTRIC WORKS
Industry Comparison Ranking
Electric Appliances - EDIUNET Industry Rankings
Electric Appliances - EDIUNET Credit Rating
Electric Appliances - EDIUNET Industry Avg
Comparison with a neighboring company
Aichi - EDIUNET Prefectures
Aichi名古屋市 - EDIUNET Prefectures

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Ticker Market Industry Month report Rating
@ NAGOYA ELECTRIC WORKS 6797 NSE 2st Electric Appliances 3 Annual CCC

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