China Tracker - Safety/Risk Model (Stage One) for China Information Technology (cnit)

 China Information Technology
 Going Public
Market Segment: NCM
Going Public: 2006-10-08Reverse Merger
 Auditor
Auditor: BDO Limited
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): 2 
CFO Resignations (since Jan 1, 2009): 2
Main Shareholder (Jiang Huai Lin): Chairman, CEO, President 
Ownership Percentage: 38.61% 
 Analyst Coverage
Total Coverage: 3 Analyst(s) 
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 2 Analyst(s) 
 Indicators
New Shares / Dilution (TTM): 0.69 million2.62%
Short Interest (2010-06-30): 1.24 million6.74% 
Account Receivables (MRQ): $98.80 million279.24%
 Recent Events
Delinquent with SEC Filings: NO 
Short Seller Attacks (Corporate Governance): NO 
Detailed Fraud Allegations: NO 
 
 Auditor History (since January 1, 2009)
2010-04-21BDO LimitedAppointment
2010-04-07GHP HorwathDismissal
2007-01-25GHP HorwathAppointment
 Senior Management Trail (since January 1, 2009)
2011-05-30Jackie You KazmerzakCFOResignation
2009-08-07Jackie You KazmerzakCFOAppointment
2009-08-07Wendy WangCFOResignation
2008-11-17Wendy WangCFOAppointment
2008-11-17Zhao Yang ChenCFOResignation
CNIT
Infrastructure
SAFETY/RISK SCORE
60%
MODERATE RISK
Detailed Score: 510/850
Current Price:  $1.31
F10k Day (2007-02-13): -88.90%$11.80
2009 Close: -89.37%$12.32
2010 Close: -87.43%$10.42
High (2012-05-07): -20.61%$1.65
Low (2012-02-02): 87.14%$0.70
Exchange: NCM
Market Capitalization: 35.38 mill
Total Shares: 27.01 mill
Float: 22,385,000.00 mill
Last Quarter: 2010-12-31
Revenue (MRQ): 61.22 mill
Net Income (MRQ): 8.16 mill
Op. Cash Flow (MRQ): 8.08 mill
all financial data provided without warranty