Quarterly report pursuant to sections 13 or 15(d)

CERTAIN RISKS AND CONCENTRATIONS (Tables)

v2.4.0.8
CERTAIN RISKS AND CONCENTRATIONS (Tables)
6 Months Ended
Jun. 30, 2013
China Dredging Group Co Ltd [Member]
 
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]
Customers accounting for 10% or more of the Company's revenues were as follows:
 
China Dredging
 
 
 
For the Three Months Ended
June 30,
 
For the Six Months Ended
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CCCC Shanghai Dredging
  Co., Ltd *
 
 
-
 
 
14
%
 
-
 
 
21
%
CCCC Tianjin Dredging Co.,
  Ltd *
 
 
-
 
 
17
%
 
-
 
 
18
%
CCCC Guangzhou Dredging
  Co., Ltd *
 
 
41
%
 
23
%
 
31
%
 
18
%
Guangdong Jindonghai
  Holding Co. Ltd
 
 
-
 
 
10
%
 
17
%
 
-
 
Nanjing Shuili Engineering
  Co., Ltd
 
 
15
%
 
13
%
 
19
%
 
11
%
China Gezhouba Group Co.,
  Ltd
 
 
23
%
 
-
 
 
23
%
 
-
 
 
 
 
79
%
 
77
%
 
90
%
 
68
%
* Indicates customers under control of a common parent company
Schedule Of Purchases From Major Suppliers By Reporting Segments [Table Text Block]
Suppliers accounting for 10% or more of the Company's total purchases were as follows:
 
China Dredging
 
 
 
For the Three Months Ended
June 30,
 
For the Six Months Ended
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplier A
 
 
23
%
 
11
%
 
16
%
 
18
%
Supplier B
 
 
-
 
 
18
%
 
-
 
 
16
%
Supplier C
 
 
21
%
 
16
%
 
30
%
 
15
%
Supplier D
 
 
14
%
 
-
 
 
-
 
 
10
%
Supplier F
 
 
13
%
 
11
%
 
20
%
 
10
%
Supplier H
 
 
21
%
 
16
%
 
17
%
 
11
%
 
 
 
92
%
 
72
%
 
83
%
 
80
%
Merchant Supreme Co Ltd [Member]
 
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]
CCCC is a state-owned enterprise that acts as a general contractor and performs in significant majority of the port infrastructure and dredging activity in the PRC. CCCC and its subsidiaries subcontract a portion of the required dredging services to specialty contractors. CDGC does not have any relationship with these customers.
 
Merchant Supreme
 
 
 
For the Three Months Ended
June 30,
 
For the Six Months Ended
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fujian Xinnong Ocean Fisheries
    Development Co., Ltd
 
 
-
 
 
33
%
 
-
 
 
35
%
Fuzhou Haifeng Dafu Ocean
    Fishing Co., Ltd
 
 
-
 
 
10
%
 
-
 
 
18
%
Shenzhen Western Coast Fisherman
    Pier Co., Ltd.
 
 
11
%
 
-
 
 
25
%
 
-
 
 
 
 
11
%
 
43
%
 
25
%
 
53
%
Schedule Of Purchases From Major Suppliers By Reporting Segments [Table Text Block]
Merchant Supreme
 
 
 
For the Three Months Ended
June 30,
 
For the Six Months Ended
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PT. Avona Mina Lestari
 
 
41
%
 
31
%
 
49
%
 
22
%
Supplier A
 
 
29
%
 
42
%
 
21
%
 
50
%
 
 
 
70
%
 
73
%
 
70
%
 
72
%