China Tracker - Safety/Risk Model (Stage One) for Fushi Copperweld (FSIN)

 Fushi Copperweld
 Going Public
Market Segment:
Going Public: 2006-01-30Other 
 Auditor
Auditor: KPMG
Number of Auditors (since Jan 1, 2009): 2 
Auditor Resignations (since Jan 1, 2009): none 
 Internal Controls
Internal Controls (Management): not effective
Internal Controls (Audit): not effective
Senior Management Changes (since Jan 1, 2009): 3 
Number of CFOs (since Jan 1, 2009): 4
CFO Resignations (since Jan 1, 2009): 1
Main Shareholder (Li Fu): Chairman, CEO 
Ownership Percentage: 29.40% 
 Analyst Coverage
Total Coverage: 4 Analyst(s) 
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 3 Analyst(s) 
 Indicators
New Shares / Dilution (TTM): 8.43 million28.32% 
Short Interest (2010-06-30): 7.82 million34.33%
Account Receivables (MRQ): $63.24 million0.00%
 Recent Events
Delinquent with SEC Filings: NO 
Short Seller Attacks (Corporate Governance): NO 
Detailed Fraud Allegations: NO 
 
 Auditor History (since January 1, 2009)
2011-01-24KPMGAppointment
2011-01-24Frazer FrostDismissal
 Senior Management Trail (since January 1, 2009)
2010-10-19Craig H. StudwellCFOAppointment
2010-02-28Wenbing "Christopher" WangInterim CFOAppointment
2010-02-28Beihong "Linda" ZhangCFOResignation
2009-09-01Beihong "Linda" ZhangCFOAppointment
2009-09-01Wenbing "Christopher" WangCFODismissal
FSIN
Infrastructure
SAFETY/RISK SCORE
46%
HIGH RISK
Detailed Score: 360/780
Current Price:  n/a
F10k Day (2006-08-25): -100.00%$8.00
2009 Close: -100.00%$10.12
2010 Close: -100.00%$8.88
High (2012-10-19): -100.00%$9.30
Low (2012-04-09): -100.00%$5.72
Exchange: N/A
Market Capitalization: n/a
Total Shares: 38.20 mill
Float: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 65.93 mill
Net Income (MRQ): 6.83 mill
Op. Cash Flow (MRQ): 15.01 mill
all financial data provided without warranty