 |
| | Business Summary: Asia Electrical Power International Group, Inc., through its wholly owned subsidiary, Asia Electrical Power Co. Ltd., operates as a manufacturer of secondary electrical power systems in China. | | | Address
2255 Renaissance Dr Ste A
Las Vegas
, NV 89119-6194
Phone: 702-922-1939
| | Auditor |
|---|
Robert G. Jeffrey
, New Jersey | | Transfer Agent |
|---|
Pacific Stock Transfer Co.
| Employees: 108
ShareHolders: 335 | Founded: 2002
Domicile: Nevada | | | |
| | Asia Electrical Power International Group, Inc., through its wholly owned subsidiary, Asia Electrical Power Co. Ltd., operates as a manufacturer of secondary electrical power systems in China. It manufactures various components in secondary electrical power systems, such as cabinet-type electric substations, outdoor switching-mechanisms, cable feeder pillars, and switching elements, as well as sells high, medium, and low voltage, complete-set equipment. The company, formerly known as Keiji International Group, Inc., was founded in 1997 and is based in Las Vegas, Nevada. | | History: INCORPORATED in Nevada Aug. 30, 2002 as Berita International Corporation. Name changed to Keiji International Group Inc. Dec. 24, 2003; and to Asia Electrical Power International Group Inc. Sept. 24, 2004.
January 23, 2003, issued 24,000,000 Common shares in exchange for the outstanding Common shares of Shenzhen Naiji Electrical Equipment Co., Ltd. | | | | Subsidiaries: |
|---|
Shenzhen Naiji Electrical Equipment Co., Ltd.
| | | | | | Capital Expenditures, thousand. US Dollars |
|---|
| Year | Amount | | 2006 | 68 |
| | | | | | | |
|
Management
|
|---|
| Officers | Position |
|---|
| Yulong Guo | President & Chief Executive Officer | | Xiaoling Chen | Secretary & Chief Financial Officer |
| | Directors |
|---|
| Dudley Delapenha | | Yulong Guo | | | |
| | | | Capitalization as of 03/31/2007: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Preferred $0.001 par | 5,000,000 | 5,000,000so1 | | Common $0.001 par | 150,000,000 | 51,000,000 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
04/16/2007,
335.
| | PRINCIPAL STOCKHOLDERS: April 16, 2007, Yu Long Guo owned or controlled 46.9% of the Common, Xiao Ling Chen 10.4% and Ying Yang 9.0%. | | | |
Transfer Agent: Pacific Stock Transfer Co.
Las Vegas
, NV | | | | OTC Bulletin Board( Primary): AEPW | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2007 | 3.9500 | 0.1000 | | OTC Bulletin Board | 2006 | 0.1000 | 0.1000 |
|
| | | | DIVIDENDS: Common $0.001 par: None. | | | | | |
so1Closely held. | |
| | Annual Report |
|---|
| | | Income Statement | |
| 2007 | 2006 |
|---|
| Revenue | $11,671,597 | $8,074,012 | | Cost of sales | 9,724,800 | 6,777,408 | | Gross Profit | 1,946,797 | 1,296,604 | | Expenses: |
|
| | Selling and administrative expenses | 1,063,509 | 767,955 | | Options issued for services | 1,908,333 | - | | Total operating expenses | 2,971,842 | 767,955 | | Operating income (loss) | (1,025,045) | 528,649 | | Other Income and Expense: |
|
| | Other income | 43,531 | 46,756 | | Interest income | 85,024 | - | | Interest and financial expense | (39,627) | (36,630) | | Other expense | (10,720) | (19,439) | | Income (Loss) Before Income Taxes | (946,837) | 519,336 | | Provision for Income Taxes: |
|
| | Return of refunds of prior periods | - | 60,574 | | Adjustment of previously accrued deferred tax asset | - | 31,997 | | Net tax provision | - | 92,571 | | Net income (loss) | (946,837) | 426,765 | | Other comprehensive income (loss) - foreign currency |
|
| | translated adjustments | (8,651) | 1,693 | | Total comprehensive income (loss) | $(955,488) | $428,458 | | Income (Loss) Per Share - |
|
| | Basic and Diluted | $(0.02) | $0.01 | | Weighted average |
|
| | Number of shares |
|
| | Outstanding | 51,559,821 | 48,024,658 | | Operating Income As Calculated |
|
| | Depr. and Amort. |
|
| | Fixed Charges Coverage: |
|
| | Available for Fixed Charges |
|
| | Gross Fixed Charges |
|
| | Fixed Charges Times Earnings |
|
| | Fixed Charges Coverages and Preferred Dividends Times Earnings |
|
| | Capital Expenditures |
|
| | Research & Development Expenditures |
|
|
| | | | Balance Sheet | |
| 2007 |
|---|
| ASSETS |
| | Current Assets: |
| | Cash | $2,920,073 | | Accounts receivables, net of provision for doubtful |
| | accounts | 1,624,402 | | Other receivables | 525,180 | | Advances to suppliers | 249,188 | | Inventory | 2,541,958 | | Total current assets | 7,860,801 | | Fixed Assets: |
| | Land use right | 2,429,518 | | Buildings | 3,802,277 | | Production equipment | 275,382 | | Office equipment | 269,335 | | Vehicles | 330,796 | | Construction in progress | 567,557 | | * | 7,674,865 | | Less accumulated depreciation and amortization | 489,057 | | Net fixed assets | 7,185,808 | | Other Assets: |
| | Deposits | 811,598 | | Total other assets | 811,598 | | Total Assets | $15,858,207 | | LIABILITIES AND STOCKHOLDERS EQUITY |
| | Current Liabilities: |
| | Accounts payable | $3,389,893 | | Advances from customers | 921,789 | | Accrued liabilities | 96,578 | | Other liabilities | 1,570,396 | | Total current liabilities | 5,978,656 | | Stockholders Equity: |
| | Common stock: authorized 150,000,000 shares of $0.001 |
| | par value; issued and outstanding 51,959,693 and | 51,960 | | 51,000,000 shares, respectively |
| | Preferred stock: authorized 5,000,000 shares of $0.001 par |
| | value; issued and outstanding 5,000,000 shares | 5,000 | | Capital in excess of par value | 7,932,156 | | Paid in capital - options | 1,908,333 | | Retained deficit | (198,327) | | Earnings appropriated for statutory reserves | 183,749 | | Accumulated other comprehensive loss | (3,320) | | Total stockholders equity | 9,879,551 | | Total Liabilities and Stockholders Equity | $15,858,207 | | Net Working Capital |
| | Equity per Share |
| | Depr. and Amort. Reserve |
| | Preferred Shares Issued |
| | Common Shares Issued |
| | Treasury Shares - Preferred |
| | Treasury Shares - Common |
|
| | | |
| | Interim Report
|
|---|
| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
|
|---|
| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
|
|---|
| | | Quarterly Revenue, US$ |
|---|
| Year | Quarter | Revenue | | 2008 |
1 | 2,540,000 | | 2007 |
1 | 1,940,000 | | 2007 |
2 | 2,710,000 | | 2007 |
4 | 3,620,000 | | 2007 |
Full Year
| 11,670,000 | | 2006 |
Full Year
| 8,080,000 | | 2005 |
Full Year
| 6,840,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2008 |
1 | 130,000 | | 2007 |
1 | 70,000 | | 2007 |
2 | (1,710,000) | | 2007 |
4 | 350,000 | | 2006 |
Full Year
| 477,000 | | 2005 |
Full Year
| 290,000 |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2008 |
1 | Nil | | 2007 |
1 | .03 | | 2007 |
2 | (.03) | | 2007 |
4 | .01 | | 2007 |
Full Year
| (.02) | | 2006 |
Full Year
| .02 | | 2005 |
Full Year
| .01 |
| | | |
| |
|
