China Tracker - Safety/Risk Model (Stage One) for China Shengda Packaging (CPGI)

 China Shengda Packaging
 Going Public
Market Segment: NCM
Going Public: 2010-12-10IPO
Lead Underwriter: Oppenheimer 
 Auditor
Auditor: Marcum Bernstein & Pinchuk
Number of Auditors (since Jan 1, 2009): 2 
Auditor Resignations (since Jan 1, 2009): none 
 Internal Controls
Internal Controls (Management): 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 (Nengbin Fang): Chairman 
Ownership Percentage: 11.93% 
 Analyst Coverage
Total Coverage: 2 Analyst(s) 
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 2 Analyst(s) 
 Indicators
New Shares / Dilution (TTM): 11.86 million42.96%
Short Interest (2010-06-30): 0.02 million0.02% 
Account Receivables (MRQ): $33.50 million12.62% 
 Recent Events
Delinquent with SEC Filings: NO 
Short Seller Attacks (Corporate Governance): NO 
Detailed Fraud Allegations: NO 
 
 Auditor History (since January 1, 2009)
2011-04-28Marcum Bernstein & PinchukAppointment (Merger)
2011-04-18Bernstein & PinchukResignation (Merger)
2010-01-01Bernstein & PinchukAppointment
 Senior Management Trail (since January 1, 2009)
2011-08-19Ken HeCFOAppointment
2011-08-19TJ WuCFOResignation
2010-04-08TJ WuCFOAppointment
CPGI
Printing & Packaging
SAFETY/RISK SCORE
48%
HIGH RISK
Detailed Score: 485/1000
Current Price:  $6.73
F10k Day (2010-10-12): 68.67%$3.99
2010 Close: 69.52%$3.97
High (2012-10-15): 429.92%$1.27
Low (2012-06-28): 1,021.66%$0.60
Exchange: NCM
Market Capitalization: 265.54 mill
Total Shares: 39.46 mill
Float: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 26.93 mill
Net Income (MRQ): 3.44 mill
Op. Cash Flow (MRQ): -10.67 mill
all financial data provided without warranty