Last $0.0010 USD
Change Today 0.00 / 0.00%
Volume 4.3K
RINO On Other Exchanges
Symbol
Exchange
OTC US
As of 3:45 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

rino international corp (RINO) Snapshot

Open
$0.0010
Previous Close
$0.0010
Day High
$0.0010
Day Low
$0.0010
52 Week High
09/4/13 - $0.05
52 Week Low
08/27/13 - $0.0001
Market Cap
28.6K
Average Volume 10 Days
6.4K
EPS TTM
$1.77
Shares Outstanding
28.6M
EX-Date
05/1/06
P/E TM
0.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for RINO INTERNATIONAL CORP (RINO)

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rino international corp (RINO) Details

RINO International Corporation, through its subsidiaries, operates as an environmental protection and remediation company in the People's Republic of China. The company engages in designing, manufacturing, installing, and servicing wastewater treatment and flue gas desulphurization equipment primarily for use in the iron and steel industry; and anti-oxidation products and equipment for use in the manufacture of hot rolled steel plate products. Its products include Lamella Inclined Tube Settler Waste Water Treatment System, which comprise industrial water treatment equipment, effluent-condensing equipment sets, solid and liquid abstraction dewatering equipment, and coal gas dust removal and cleaning equipment; and Circulating, Fluidized Bed, Flue Gas Desulphurization System that removes particulate sulphur from flue gas emissions generated by the sintering process in the production of iron and steel; and High Temperature Anti-Oxidation System for hot rolled steel, a set of products and a mechanized system, which reduces oxidation-related output losses in the production of continuous cast hot rolled steel. In addition, it offers contract machining services for third-party industrial enterprises. The company was incorporated in 1984 and is headquartered in Dalian, the People's Republic of China.

rino international corp (RINO) Top Compensated Officers

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rino international corp (RINO) Key Developments

Individual Investor Sues Securities Fraud Class Action Claims against RINO International Corporation and Frazer Frost L.L.P

An individual investor sued RINO International Corp. and certain of its officers, alleging the defendants engaged in a wide-ranging fraud regarding its industrial equipment business in China. In addition to other claims, the complaint alleged that RINO grossly overstated its revenues and profits, fabricated contracts with nonexistent customers, understated its tax liabilities and concealed transactions between RINO and other companies owned by relatives of the firm's chief executive officer. Pursuant to a settlement, the plaintiff dismissed all claims with the exception of the claims filed against Frazer Frost L.L.P., the firm's auditor. The case came before the court on Frazer Frost's motion to dismiss. small number of shadowy suppliers, that the firm claimed 100% income tax exemption and that there was a wide divergence between the revenue and profit numbers reported on RINO's tax returns and the corresponding figures reported to investors. In addition, the complaint alleged Frazer Frost signed off on the inclusion of uncertain 'framework agreements' as revenue. The court further found that, regardless of whether an investigation of RINO customers performed by Frazer Frost conformed to accounting standards, the record indicated that Frazer Frost knew that RINO was utilizing percentage of completion methods to reach its revenue figures, in part because Frazer Frost advised RINO to do just that. To the extent that Frazer Frost advised RINO to count revenue from unsigned, unexecuted contracts, the inclusion of such revenue was improper. The district court held that viewed as a whole the totality of the allegations provided far more support to a finding that Frazer Frost knowingly or recklessly approved RINO's financial statements, than to the competing inferences that RINO's figures were the result of China's tax rules, innocent misapplication of accounting methods or standard business practices. Accordingly, the district court denied Frazer Frost's motion to dismiss.

 

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Price/Earnings 0.0x Not meaningful
Price/Sales 0.0x
Price/Book 0.0x
Price/Cash Flow 0.0x
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