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CIK 1510871

CHINA INDUSTRIAL STEEL INC.
CIK 0001510871 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
16.6
composite ยท 4 signals ยท CLEAN

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2012-12-31 ยท CLEAN13.3

Earnings quality

Beneish M-Score -3.04 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-04-01) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.035,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.586,
    "GMI": 3.264,
    "AQI": 0.742,
    "SGI": 0.789,
    "DEPI": 0.958,
    "SGAI": 1.71,
    "LVGI": 1.984,
    "TATA": -0.134
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.1526,
  "inputs": {
    "revenue_t": 649318792,
    "revenue_t1": 823107042,
    "total_assets_t": 443864161,
    "net_income_t": 5934990,
    "cfo_t": 65538117
  },
  "stale": false,
  "latest_filing_period": "2012-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1510871/000118518513000720/0001185185-13-000720-index.htm",
    "form": "10-K",
    "filed": "2013-04-01"
  }
}
P-05 ยท FY 2012-12-31 ยท CLEAN20.5

Tax arbitrage

ETR 18.9% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-04-01) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2012-12-31": 0.1893,
    "2011-12-31": 0.1396,
    "2010-12-31": 0.1474
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2012-12-31": 0.0207,
    "2011-12-31": 0.0704,
    "2010-12-31": 0.0626
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2012-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1510871/000118518513000720/0001185185-13-000720-index.htm",
    "form": "10-K",
    "filed": "2013-04-01"
  }
}
P-12 ยท FY 2012-12-31 ยท CLEAN9.2

Restatement predictor

F-Score 0.28 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-04-01) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.277,
  "probability": 0.00103,
  "components": {
    "rsst": -0.1526,
    "drec": -0.0287,
    "dinv": -0.0117,
    "soft": 0.575,
    "dcs": -0.1975,
    "droa": -0.1224,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2012-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1510871/000118518513000720/0001185185-13-000720-index.htm",
    "form": "10-K",
    "filed": "2013-04-01"
  }
}
P-13 ยท FY 2011-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 39.17x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2013-04-01) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2012-12-31": null,
    "2011-12-31": 39.168,
    "2010-12-31": 99.713,
    "2009-12-31": 362.212
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 4.925,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 58960631,
    "interest_expense_t": 1505340
  },
  "stale": false,
  "latest_filing_period": "2012-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1510871/000118518513000720/0001185185-13-000720-index.htm",
    "form": "10-K",
    "filed": "2013-04-01"
  }
}