WUHAN GENERAL GROUP (CHINA), INC
Categories of dependency expected for this filer that were actually found stated in Risk Factors / MD&A.
- Filing
- 0001144204-13-021664 (10-K)
- Period
- 2012-01-01 to 2012-12-31
- XBRL tag
- us-gaap:SalesRevenueNet
- Context
- from-2012-01-01-to-2012-12-31.13187.0.0.0.0.0.0.0
- Mapping
- seed · confidence 1.00
Extracted from Risk Factors / MD&A, checked verbatim against the source text before being stored.
“Our substantial indebtedness could adversely affect our results of operations and financial condition and prevent us from fulfilling our financial obligations.”
“We may not be able, at any given time, to raise additional equity capital, sell assets or borrow more money on terms acceptable to us or at all.”
“Default in payment by one or more customers that have large account receivable balances could adversely impact our results of operations and financial condition.”
“The recent economic downturn has resulted in longer payment cycles and increased collection costs in excess of management’s expectations.”
“Our management has identified material weaknesses in our internal control over financial reporting and disclosure controls and procedures that, if not properly remediated, could result in material misstatements in our financial statements in future periods.”
“Compliance with the Sarbanes-Oxley Act and other SEC requirements will increase our costs and require additional management resources.”
“Our Chairman of the Board and controlling stockholder, Mr. Xu Jie, personally guarantees certain loan facilities that have become an important financing source to our businesses due to recent cash constraints, which we expect to continue in the near term.”
“We rely on third-party relationships to augment our research and development capabilities.”