OTC Bulletin Board

S & P Company Insight for CHINA EXECUTIVE ED
 
 Profile

 
Business Summary: China Executive Education Corp., operating through a subsidiary, is an executive education company offering professional training programs in Hangzhou and Shanghai, China. Through open-enrollment training programs, the company provides Chinese business executives with business training.
 
Address
  Room 307, Hualong Business Building
  110 Moganshan Road
  Hangzhou 310005
  Phone: 86-0571-8880-8109
Auditor
  Stan J.H. Lee, CPA
Transfer Agent
  West Coast Stock Transfer Corp.
Employees:  274
ShareHolders:  30
Founded:  2008
Domicile:  Nevada
 
  
 
 Background

 
China Executive Education Corp., operating through its subsidiary, Hangzhou MYL Business Administration Consulting Co., Ltd., is an executive education company offering professional training programs in Hangzhou and Shanghai, China. Through open-enrollment training programs, including proprietary training courses and featured lectures, the company provides Chinese business executives with business training such as sales, marketing, leadership development and personal skill development focused on decision-making skills, negotiation skills, public speaking skills and people skills. The training courses include a 7-course package for CEOs, as well as 22 other business development courses. China Executive Education reported in late May 2010 that the company, since formally launching in April 2009, has provided its training programs to 2,874 Chinese business owners and executives from a range of industries. The company's executive training programs are designed to fit the needs of Chinese entrepreneurs, and to improve their leadership skill, management skills and marketing skills, as well as bottom-line results. Its comprehensive business training initiatives integrate research-based, proprietary content with processes that are specifically and explicitly connected to the critical business issues that most private Chinese companies are facing. The company believes that this approach allows the trainees to better achieve their potentials and better aligns individual goals and competencies with organizational objectives of their employers or business. China Executive Education has developed a number of training courses, including a core course named Seven Essential Classes for Business Executives. The company derives its sales revenue from selling its proprietary training courses. It also generates sales revenue from its Featured Lectures events which are organized by the company periodically with the presence of world masters or well-known keynote speakers. China Executive Education sells its training programs through its own sales team. It also promotes its services through the Internet. The company is headquartered in Hangzhou, People's Republic of China.
History:  INCORPORATED in Nevada May 9, 2008, as On Demand Heavy Duty Corp. On Feb. 12, 2010, the company acquired all of the outstanding capital stock of Surmounting Limit Marketing Adviser Limited, a Hong Kong corporation, through China Executive Education Corp., a Nevada corporation (Merger Sub) wholly owned by the company. In connection with the acquisition, 21,560,000 Common shares of the company were issued to Surmounting stockholders. Merger Sub was then merged into the company, which adopted Merger Sub's name, China Executive Education Corp. As part of the merger, the company transferred all of the outstanding capital of its subsidiary, On Demand Heavy Duty Holdings, Inc., to certain of its stockholders in exchange for the cancellation of 3,000,000 Common shares of the company. Surmounting Limit Marketing Adviser Limited was incorporated in Hong Kong Oct. 17, 2007.
 
Subsidiaries:
Hangzhou MYL Business Administration Consulting Co., Ltd.
Shanghai MYL Business Administration Consulting Co., Ltd.
Surmounting Limit Marketing Adviser Limited
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Kaien  LiangChairman & Chief Executive Officer
 Pokai  HsuChief Operating Officer
 Zhiwei  HuangChief Financial Officer
 Dave  GentryInvestor Relations Contact

Directors
 Kaien  Liang
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  2009
EXPENSES:
General and Administrative18
Oper. income as calculated(18)
Net income(18)
Share earns. basicNil
Share earns. dilutedNil
Avge. com. shs. (Thou.)6,510
 
Balance Sheet
  2009
Assets:
Cash & equiv.4
Tot. curr. assets4
Total assets4
Liabilities:
Tot. curr. liabs.-
Loan from Director1
Stockholders Equity (deficit)
Com. stk. p.$0.0016
Paid-in cap.15
Retained earns.(18)
Total stockholders equity (deficit)3
Total liabs.4
Common Shares (Thou.)6,510
 
 * On February 12, 2010, China Executive Education Corp (The company), formerly known as On Demand Heavy Duty, Corp., acquired all of the outstanding capital stock of Surmounting Limit Marketing Adviser Limited (''SLM''). Upon completion of the Merger, the shareholders of SLM own approximately 98% of the common stock of the company. The merger transaction has been accounted for as a reverse merger under the purchase method of accounting, with SLM treated as the continuing entity for accounting purposes. As a result of the merger, the name of the company was changed from On Demand Heavy Duty, Corp. to China Executive Education Corp. Above financials represent the operations and accounts of China Executive Education Corp. (formerly known as On Demand Heavy Duty, Corp.). The following financial statements are those of Surmounting Limit Marketing Adviser Limited.
 
  
 
 Interim Report

 
Interim Report    01/01/2010  -  03/31/2010
 
Income Statement
  2010
Revenues4,446
Cost of revenue1,515
Operating expenses1,882
Oper. income as calculated1,049
Income tax296
Net income753
Less: Net income attributable to non-controlling interest(17)
Net income attributable to the Company770
Share earns. basic$0.03
Share earns. diluted$0.03
Avge. com. shs. (Thou.)21,795
 
Balance Sheet
  2010
Assets:
Cash & equiv.3,785
Advances to vendors986
Accts. rec., net29
Other receivables2,749
Tot. curr assets7,549
Net property79
Other assets92
Total assets7,720
Liabilities:
Advance from customers2,841
Taxes payable443
Other payables and accrued liabilities93
Tot. curr. liabs.3,377
Non-controlling interest(112)
STOCKHOLDERS' EQUITY:
Com. stk. p.$0.00122
Paid-in cap.171
Statutory reserve358
Accumulated other comprehensive income3
Retained earns.3,901
Total stockholders' equity4,455
Total liabs.7,720
Common Shares (Thou.)22,050
 
  
 
 Pro Forma Report

 
Pro Forma Report    01/01/2009  -  12/31/2009
 
Income Statement
  2009
NET REVENUE8,674
COST OF REVENUES2,862
Selling, gen. & admin. exps.975
Oper. income as calculated4,837
Interest income2
Total income4,839
Other expenses156
Income tax1,193
Net income3,490
Less: income attributable to noncontrolling interests183
Net income attributable to the company3,307
Share earns. basic$0.15
Share earns. diluted$0.15
Avge. com. shs. (Thou.)22,000
 
Balance Sheet
  2009
Assets:
Cash & equiv.6,382
Accts. rec., net33
Prepayments731
Other curr. assets1,009
Tot. curr. assets8,155
Net property87
Real property rights held for investment92
Total assets8,334
Liabilities:
Advance from customers3,629
Accruals90
Taxes payable538
Other payables593
Tot. curr. liabs.4,850
Minority Interest(95)
STOCKHOLDERS' EQUITY:
Com. stk. p.$0.00122
Paid-in cap.66
Statutory reserve358
Other comprehensive income1
Retained earns.3,132
TOTAL STOCKHOLDERS' EQUITY3,579
Total liabs.8,334
Common Shares (Thou.)22,000
 
 * Pro forma financial statements reflect the February 12, 2010 reverse acquisition of Surmounting Limit Marketing Adviser Limited.
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   14,450,000
  2009   Full Year 8,700,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1770,000
  2009   Full Year 5,660,000
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1.04
  2009   Full Year .15
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Common $0.001 par70,000,00022,050,000
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  12/31/2009, 30.
PRINCIPAL STOCKHOLDERS: February 12, 2010, Kaien Liang owned or controlled 80% of the Common.
 
Transfer Agent:  West Coast Stock Transfer Corp.   San Diego , CA
 
OTC Bulletin Board( Primary): CECX
 
ExchangeYearHighLow
OTC Bulletin Board20100.00000.0000
 
DIVIDENDS: Common $0.001 par: None.