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Credit Rating (Bankruptcy Risk): MIMITSU KANKO KAIHATSU (Annual ) Non-Consolidated

Financial Timeline

Financial Statement Risk Analysis: MIMITSU KANKO KAIHATSU (Annual ) (Non-Consolidated )

Special note

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

4 consecutive terms, Cumulative loss. The fiscal base is unstable.

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

[Date: 2012-03-31]  Danger : Warning : Caution : Good

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -152 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(¥ -28 M) & Operating Cash Flow (¥ -11 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 (¥ -20 M) & Operating Cash Flow (¥ -11 M) is a minus, Interest-bearing Debt (¥ 373 M) is first term Interest-bearing Debt (¥ 334 M) more , there is a possibility that the financing is very severe.

Management Risk (*Sales is decrease )
Sales (¥ 252 M) is first term Sales (¥ 273 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Income is decrease )
Net Income (¥ -28 M) is first term Net Income (¥ -7 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (-11.11％) is first term Net Profit Margin (-2.73％) less , there is a possibility that the profitability has deteriorated.

Financing Risk (*Financial Cash Flow is plus )
Operating Cash Flow (¥ -11 M) is a minus, Financial Cash Flow (¥ 19 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 (¥ 1 M) is Sales first term ratio (¥ -20 M) more , there is a possibility that the non-performing asset was increased.

Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -11 M) and Investment Cash Flow (¥ -12 M) is minus, so , there is a possibility of the overinvestment.

[Date: 2011-03-31]  Danger : Warning : Caution : Good

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -124 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 (¥ -7 M) is minus or 0, so , there is a possibility that the management situation is severe.

Management Risk (*Sales is decrease )
Sales (¥ 273 M) is first term Sales (¥ 294 M) less , there is a possibility that the management situation has stagnated and deteriorated

Management Risk (*Gross Income is decrease )
Gross Income (¥ 22 M) is first term Gross Income (¥ 24 M) less , there is a possibility that the management situation has stagnated and deteriorated

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -2 M) & Financial Cash Flow (¥ -7 M) is a minus, Operating Cash Flow (¥ 6 M) is a plus,

Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -21 M) & Operating Cash Flow first term ratio (¥ -8 M) is a minus, Interest-bearing Debt (¥ 334 M) is first term Interest-bearing Debt (¥ 326 M) 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 (¥ -1 M) is Sales first term ratio (¥ -21 M) more , there is a possibility that the non-performing asset was increased.

[Date: 2010-03-31]  Danger : Warning : Caution : Good

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -116 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 (¥ -9 M) is minus or 0, so , there is a possibility that the management situation is severe.

Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -941 K) & Financial Cash Flow (¥ -7 M) is a minus, Operating Cash Flow (¥ 14 M) is a plus,

[Date: 2009-03-31]  Danger : Warning : Caution : Good

Management Risk (*Cumulative loss)
Earned Surplus etc. (¥ -106 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(¥ -32 M) & Operating Cash Flow (¥ -5 M) is minus or 0, so , there is a possibility that the management situation is very severe.

Overinvestment Risk (*Intangible Assets confirmed content)
Operating Cash Flow (¥ -5 M) and Investment Cash Flow (¥ -1 M) is minus, so , there is a possibility of the overinvestment.