China Tracker - Safety/Risk Model (Stage One) for China Intelligent Lighting (CILE)

 China Intelligent Lighting
 Going Public
Market Segment:
Going Public: 2010-06-18IPO
RTO Advisor: WestPark Capital 
Lead Underwriter: Rodman & Renshaw 
 Auditor
Auditor: Friedman
Number of Auditors (since Jan 1, 2009): 4
Auditor Resignations (since Jan 1, 2009): 1
 Internal Controls
Internal Controls (Management): not effective
Internal Controls (Audit): not performed 
Senior Management Changes (since Jan 1, 2009): 1 
Number of CFOs (since Jan 1, 2009): 1 
CFO Resignations (since Jan 1, 2009): none 
Main Shareholder (Li Xuemei): Chairman, CEO, President 
Ownership Percentage: 27.80% 
 Analyst Coverage
Total Coverage: no coverage
 Indicators
New Shares / Dilution (TTM): 6.59 million92.79%
Short Interest: no data 
Account Receivables (MRQ): $20.61 million0.00%
 Recent Events
Delinquent with SEC Filings: YES
Short Seller Attacks (Corporate Governance): NO 
Detailed Fraud Allegations: YES
 
 Auditor History (since January 1, 2009)
2011-04-01FriedmanAppointment
2011-03-24MaloneBaileyResignation
2010-03-10MaloneBaileyAppointment
2010-03-10Kempisty & CompanyDismissal
2010-01-15Kempisty & CompanyAppointment
2010-01-15AJ. Robbins, PCDismissal
 Senior Management Trail (since January 1, 2009)
2010-05-01Kui (Kevin) JiangCFOAppointment
CILE
Retail/Consumer
SAFETY/RISK SCORE
9%
EXTREME RISK
Detailed Score: 84.375/900
Current Price:  n/a
Exchange: N/A
Market Capitalization: n/a
Total Shares: 13.68 mill
Float: n/a
Last Quarter: 2010-09-30
Revenue (MRQ): 20.25 mill
Net Income (MRQ): 2.35 mill
Op. Cash Flow (MRQ): 0.15 mill
all financial data provided without warranty