China Tracker - Safety/Risk Model (Stage One) for China Valves Technology (CVVT)

 China Valves Technology
 Going Public
Market Segment:
Going Public: 2007-12-18Reverse Merger
 Auditor
Auditor: Frazer Frost 
Number of Auditors (since Jan 1, 2009): 2 
Auditor Resignations (since Jan 1, 2009): none 
 Internal Controls
Internal Controls (Management): not effective
Internal Controls (Audit): not effective
Senior Management Changes (since Jan 1, 2009): 5 
Number of CFOs (since Jan 1, 2009): 5
CFO Resignations (since Jan 1, 2009): 4
Main Shareholder (Bin Li): SAM Sustainable Asset Management Ltd.  
Ownership Percentage: 34.31% 
 Analyst Coverage
Total Coverage: 4 Analyst(s) 
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 4 Analyst(s) 
 Indicators
New Shares / Dilution (TTM): 1.17 million3.40%
Short Interest (2010-06-30): 3.10 million15.33%
Account Receivables (MRQ): $95.83 million0.00%
 Recent Events
Delinquent with SEC Filings: YES
Short Seller Attacks (Corporate Governance): YES
Detailed Fraud Allegations: YES
 
 Auditor History (since January 1, 2009)
2010-01-01Frazer FrostAppointment (Merger)
2010-01-01Moore Stephens Wurth Frazer and TorbetResignation (Merger)
2008-02-19Moore Stephens Wurth Frazer and TorbetAppointment
2008-02-19Madsen & AssociatesDismissal
2007-12-16Madsen & AssociatesAppointment
 Senior Management Trail (since January 1, 2009)
2010-12-16Gang WeiCFOAppointment
2010-12-16Tang Ren RuiInterim CFOResignation
2010-10-08Jianbao WangCEOAppointment
2010-10-08Siping FangCEOResignation
2010-05-27Tang Ren RuiInterim CFOAppointment
2010-05-27Ichi ShihCFOResignation
2009-07-01Ichi ShihCFOAppointment
2009-07-01Tang Ren RuiInterim CFOResignation
2009-01-01Tang Ren RuiInterim CFOAppointment
2009-01-01Veronica Jing ChenCFOResignation
2008-10-07Veronica Jing ChenCFOAppointment
2008-10-07Li JianxingCFOResignation
2008-03-29Li JianxingCFOAppointment
2008-03-29Tang Ren RuiCFOResignation
2007-12-16Tang Ren RuiCFOAppointment
CVVT
Infrastructure
SAFETY/RISK SCORE
6%
EXTREME RISK
Detailed Score: 53.4375/780
Current Price:  n/a
F10k Day (2009-04-23): -100.00%$2.76
2009 Close: -100.00%$9.24
2010 Close: -100.00%$10.48
High (2012-02-08): -100.00%$3.12
Low (2012-09-21): -100.00%$0.40
Exchange: PNK
Market Capitalization: n/a
Total Shares: 35.68 mill
Float: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 41.95 mill
Net Income (MRQ): 6.66 mill
Op. Cash Flow (MRQ): -10.42 mill
all financial data provided without warranty