China Tracker - Safety/Risk Model (Stage One) for Wonder Auto Technology (WATG)

 Wonder Auto Technology
 Going Public
Market Segment:
Going Public: 2006-06-22Reverse Merger
 Auditor
Auditor: PricewaterhouseCoopers
Number of Auditors (since Jan 1, 2009): 2 
Auditor Resignations (since Jan 1, 2009): none 
 Internal Controls
Internal Controls (Management): effective
Internal Controls (Audit): effective
Senior Management Changes (since Jan 1, 2009): 1 
Number of CFOs (since Jan 1, 2009): 1 
CFO Resignations (since Jan 1, 2009): 1
Main Shareholder (Qingjie Zhao): Chairman, CEO, President 
Ownership Percentage: 29.20% 
 Analyst Coverage
Total Coverage: 8 Analyst(s)
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 7 Analyst(s) 
 Indicators
New Shares / Dilution (TTM): 6.90 million25.59% 
Short Interest (2010-06-30): 4.21 million17.04%
Account Receivables (MRQ): $99.58 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)
2010-12-06PricewaterhouseCoopers Zhong TianAppointment
2010-12-06PKFDismissal
 Senior Management Trail (since January 1, 2009)
2011-07-12Qingdong ZengInterim CEOAppointment
2011-07-12Qingjie ZhaoCEOResignation
2011-07-12Meirong YuanCFOResignation
2006-06-22Meirong YuanCFOAppointment
WATG
Automobiles
SAFETY/RISK SCORE
27%
EXTREME RISK
Detailed Score: 217.5/780
Current Price:  n/a
F10k Day (2006-11-07): -100.00%$3.80
2009 Close: -100.00%$11.74
2010 Close: -100.00%$7.54
High (2012-08-15): -100.00%$1.01
Low (2012-09-06): -100.00%$0.09
Exchange:
Market Capitalization: n/a
Total Shares: 33.86 mill
Float: n/a
Last Quarter: 2010-09-30
Revenue (MRQ): 78.83 mill
Net Income (MRQ): 13.58 mill
Op. Cash Flow (MRQ): 11.72 mill
all financial data provided without warranty