China Tracker - Details for Deer Consumer Products (DEER)


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 Deer Consumer Products
 Basic Facts and History
Data Source: Annual Report for the period ended 2010-12-31
Reporting Type: U.S. Company (10-K Filings) 
Incorporation: Nevada 
Corporate Headquarters: China (Guangdong) 
Going Public: Reverse Merger on 2008-09-03 
Previous Entity: Tag Events Corp. 
Uplisting to Senior Exchange: on 2009-07-17 at $4.90 (-100.00% since Uplisting)
RTO Advisor: New York Global Group 
Main Operating Subsidiary: Winder Electric Group Ltd., founded 2001 
Investor Relations: Investor Relations Website 
Internal Controls: not effective 
Internal Controls Audit: not effective 
Auditor Opinion:

The following material weaknesses were identified:

Ineffective documentation and testing of Information Technology related controls over financial reporting.

Lack of technical accounting expertise among financial staff regarding the requirements of the PCAOB Auditing Standard No 5 and COSO in the assessment of internal control over financial reporting.

Also in our opinion, the effect of the aforementioned material weaknesses on the achievement of the objectives of the internal control criteria, Deer Consumer Products, Inc., did not maintained effective internal control over financial reporting as of December 31, 2010. (Goldman Kurland & Mohidin LLP)

This company has been publicly accused with fraud! You may want to look further into possible issues before making an investment decision. Trading China makes no judgment on the validity of fraud accusations, however the Trading China Rating is suspended until those issues are fully resolved.

 
 Ownership
Main Shareholder: Ying He (Chairman, CEO) 
Ownership: 24.71% 
 
 Auditor Trail (since January 1, 2009)
2008-09-03Goldman Parks Kurland MohidinAppointment
 
 Senior Management Trail (since January 1, 2009)
2009-08-20Zongshu NieCFOAppointment
2009-08-20Yuehua XiaCFOResignation
2008-09-03Yuehua XiaCFOAppointment
 
 Fiscal Year
Fiscal Year ends: December 31 
First Quarter 10-Q: due by 2018-05-15 
Second Quarter 10-Q: due by 2018-08-15 
Third Quarter 10-Q: due by 2017-11-15 
Annual Report 10-K: due by 2018-03-31 
DEER
Retail/Consumer
SCORE
4
UNDER REVIEW
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for DEER
Current Price:  n/a
F10k Day (2009-07-21): -100.00%$5.55
2009 Close: -100.00%$11.31
2010 Close: -100.00%$10.99
2011 Close: -100.00%$4.27
High (2012-02-02): -100.00%$5.10
Low (2012-08-07): -100.00%$2.11
Exchange:
Market Capitalization: n/a
Total Shares: 33.59 mill
Float: n/a
Avg Volume: 474.10 k
Short Interest: 2.74 mill
Short Ratio: 15.52%5.8 d
Last Quarter: 2011-03-31
Revenue (MRQ): 34.68 mill
Net Income (MRQ): 5.79 mill
Op. Cash Flow (MRQ): -10.87 mill
all financial data provided without warranty