SENTAIDA TIRE COMPANY LIMITED

SENTAIDA TIRE COMPANY LIMITED

Previous company name
RUB A DUB SOAP, INC.
Name change date
7/3/2008
Company Overview
Rub a Dub Soap, Inc. is a publicly traded company whose principal business is to locate and consummate a merger or acquisition with a private entity. It was established in 2001 and has a registered head office in Frisco, Texas.
Prior to February of 2006, Rub a Dub Soap operated as an online retailer of handmade, natural, and vegetable-based soaps; and gift baskets in the United States.
Further, Rub a Dub Soap is a subsidiary of Halter Capital Corporation, a full service consulting firm in the United States providing services in many different areas.
Business Summary
Sentaida Tire Company Limited (Sentaida Tire), formerly RUB A DUB SOAP INC., is a holding company. Through its Chinese subsidiaries, the Company is primarily engaged in the global marketing and distribution of tires and rubber without any tire manufacturing operations. The Company operates through three business segments: Rubber Import/Distribution, Tires Export, and Domestic Tire Sales and Distribution. On February 5, 2008, the Company completed the acquisition of Zhongsen International Company Group Limited (Zhongsen International). The Company operates through Zhongsen International’s wholly owned subsidiaries, including Qingdao Free-Trading Zone Sentaida International Trade Company Limited (F.T.Z. Sentaida), Qingdao Sentaida Tires Co., Limited (Qingdao Sentaida) and Zhongsen Holdings Co., Limited (Zhongsen Holdings).
Description and history
Sentaida Tire Company Limited (Sentaida Tire), formerly RUB A DUB SOAP INC., is a holding company. Through its Chinese subsidiaries, the Company is primarily engaged in the global marketing and distribution of tires and rubber without any tire manufacturing operations. The Company operates through three business segments: Rubber Import/Distribution, Tires Export, and Domestic Tire Sales and Distribution. On February 5, 2008, the Company completed the acquisition of Zhongsen International Company Group Limited (Zhongsen International). The Company operates through Zhongsen International’s wholly owned subsidiaries, including Qingdao Free-Trading Zone Sentaida International Trade Company Limited (F.T.Z. Sentaida), Qingdao Sentaida Tires Co., Limited (Qingdao Sentaida) and Zhongsen Holdings Co., Limited (Zhongsen Holdings).

Rubber Import/Distribution Segment

The Company’s Rubber Import/Distribution Segment, operating under F.T.Z. Sentaida, has operations both domestic and overseas markets. Its rubber products cover a range of natural rubbers and synthetic rubbers. The natural rubber includes No. 20 standard rubber, No. 3 smoke sheet and latex, 3L standard rubber, 5L standard rubber and CV rubber. Synthetic rubber includes butadiene styrene rubber, butadiene rubber, butyl rubber, chlorinated butyl rubber and brominates butyl rubber. During the year ended December 31, 2008, the Company’s annual natural rubber imports exceeded 50,000 tons. The sales of the Rubber Import/Distribution segment represented 57% of the Company’s consolidated net sales in 2008.

The Rubber Import/Distribution segment’s supply network covers most of the main natural rubber production regions. The Company maintains relationship and business cooperation with suppliers from Thailand, Malaysia, Indonesia, the Philippines and Vietnam. The Rubber Import/Distribution segment’s client base includes Chinese and foreign-invested tire manufacturers in China, including Shanghai Tire, Xiamen Cheng Hin, Giti Tire, Hangzhou Zhongce, Aeolus Tyre, South China Tire, Zhujiang Tire, Guizhou Tire and Linglong Tyre. The Company also operates in the synthetic rubber business with Glenmore Chemicals Limited of Russia, as its sole agent in Shandong province.

Tires Export Segment

The Company’s Tires Export Segment, operating under both F.T.Z. Sentaida and Zhongsen Holdings, contributed 21% of the Company’s consolidated net sales in 2008. The Company exports tires on a worldwide basis and conducts business in over 30 countries across North America, Europe, South Asia and Africa. Its product range is inclusive of nearly all types of tires, including truck and bus radial tire, off-road radial tire, light truck tire, ultra high-performance tire, passenger car tire and bias tires.

The Tire Export segment has established export agent relationship with Chinese tire manufacturers and carries those brands to overseas markets. Those brand tires include, without limitation, Linglong, Durun, Yartu, Doublestar, Yellowsea, Chenshan, Triangle, Jinglun, Doublehappiness, Taishan, Sonny and Haida. In addition, the Company has worked with its manufacturing partners to jointly develop its own brand tire series: Sentaida and Delinte, sales of which accounted for 25% of the Company’s total exports in 2008.

Domestic Tire Sales and Distribution Segment

The Company’s Domestic Tire Sales and Distribution Segment, operating under Qingdao Sentaida, provides a link between tire manufacturers and the replacement tire market in China. The division markets on a wholesale basis to regional tire distributors and independent tire dealers throughout Shandong province. This business segment represented 22% of the Company’s consolidated net sales in 2008. In 2008, the Company distributed over 372,330 units of tires.

Sentaida Tire’s offering includes the flagship brands of international tire makers, as well as many budget brands and private-label tires. The Company is the exclusive distributor for various tire manufacturers, including Michelin and Yokohama in the Shandong Province. It also carries the Chinese tire brands, such as Linglong, Westlake, Warrior, Advanced, Doublecoin, Wanli, BF, Goodrich and Jinglun, as well as a number of private-label product lines. In terms of product types, the Company carries passenger car series, truck series and industrial/engineering tire series, as well as agricultural tire and other specialty tires. Collectively, the Michelin, Linglong, Weishi, Doublecoin, and Wanli brands contributed 84% of the segment’s total sales of the Company in 2008. Its Domestic Tire Sales/Distribution segment operates three regional distribution centers in Qingdao, Jinan, and Linyi, and sells to approximately 1,000 independent tire dealers, retailers and corporate clients in aggregate.

As a part of the Domestic Tire Sales/Distribution segment, the Company has provides aftermarket retail services through seven retail and service centers, which are operated under the trademark Energy Station. Each Energy Station offers a variety of automotive aftermarket services, such as tire replacement, wheel alignment, oil change and car maintenance, car cleaning, brake and exhaust system repairing, as well as the sale of replacement parts and automobile accessories.

The Company competes with Sinochem International Corporation, Fullrun Tire Corp. Ltd, Best Choice Int’l Trade Co. Ltd, Karo Int’l Trade Co. Ltd, Toptip Industrial Co., Ltd., Tianjin Free Trade Zone Angel Int’l Trade Co., Ltd., Shandong Linglong Tyre Co. Ltd., Shandong Taishan Tire Co. Ltd., Hangzhou Zhongce Rubber Co. Ltd, Qingdao Doublestar Tire Co. Ltd. and Shanghai Tire & Rubber Co. Ltd.

Business Line
A publicly traded company whose principal business is to locate and consummate a merger or acquisition with a private entity
Subsidiary

Advisor
BERNSTEIN & PINCHUK LLP
IPO date

US SIC Code
5014
Company Address

City province or state postal code
NV
Phone:
Fax:
Country address: UNITED STATES OF AMERICA
Website url: www.rubadubsoaps.com