China Tracker - Safety/Risk Model (Stage One) for NIVS IntelliMedia Technology (NIVS)

 NIVS IntelliMedia Technology
 Going Public
Market Segment:
Going Public: 2009-03-13IPO
RTO Advisor: WestPark Capital 
Lead Underwriter: WestPark Capital
 Auditor
Auditor: Friedman
Number of Auditors (since Jan 1, 2009): 4
Auditor Resignations (since Jan 1, 2009): 2
 Internal Controls
Internal Controls (Management): not effective
Internal Controls (Audit): not performed 
Senior Management Changes (since Jan 1, 2009): 2 
Number of CFOs (since Jan 1, 2009): 2 
CFO Resignations (since Jan 1, 2009): 1
Main Shareholder (Tianfu Li): Chairman, CEO 
Ownership Percentage: 30.10% 
 Analyst Coverage
Total Coverage: 1 Analyst(s) 
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 0 Analyst(s) 
 Indicators
New Shares / Dilution (TTM): 7.29 million17.93% 
Short Interest: no data 
Account Receivables (MRQ): $49.99 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)
2011-06-09FriedmanAppointment
2011-05-14BDO China Li Xin Da HuaResignation
2011-03-28BDO China Li Xin Da HuaAppointment
2011-03-24MaloneBaileyResignation
2010-01-21MaloneBaileyAppointment
2010-01-21Kempisty & CompanyDismissal
2008-01-01Kempisty & CompanyAppointment
 Senior Management Trail (since January 1, 2009)
2010-10-01Alexander ChenCFOAppointment
2010-10-01Simon ZhangInterim CFOResignation
2009-01-01Simon ZhangInterim CFOAppointment
NIVS
Retail/Consumer
SAFETY/RISK SCORE
3%
EXTREME RISK
Detailed Score: 28.125/900
Current Price:  n/a
F10k Day (2009-03-13): -100.00%$4.20
2009 Close: -100.00%$2.58
2010 Close: -100.00%$2.26
High (2012-02-14): -100.00%$0.15
Low (2012-07-27): -100.00%$0.01
Exchange: N/A
Market Capitalization: n/a
Total Shares: 47.97 mill
Float: n/a
Last Quarter: 2010-09-30
Revenue (MRQ): 84.40 mill
Net Income (MRQ): 7.93 mill
Op. Cash Flow (MRQ): 1.32 mill
all financial data provided without warranty