because we defaulted on repayment of loans from bank of china , we are experiencing and , we believe , will continue to experience significant difficulties to renew our credit facilities or refinance loans from banks . upon request of bank of china , shenzhen municipal intermediate court has ordered to freeze all of our properties in shenzhen bak industrial park and tianjin industrial park zone near the end of fiscal year 2013 whereby we may not transfer these assets or pledge these assets for any other borrowings . in order to extend the bank loans to various dates through may 2014 , we were required by bank of china to pledge 100 % equity interest in shenzhen bak and almost all of our assets in shenzhen and tianjin , including land use rights and property rights , equipment , accounts receivable and inventories . we repaid our defaulted loans from bank of china on january 9 , 2014 and we expect that our frozen properties will be released by the court shortly . as of september 30 , 2013 , we had access to $ 163.5 million in short-term credit facilities and $ 29.2 million in other lines of credit , all of which were utilized to the extent of short-term bank loans of $ 151.4 million and bills payable of $ 41.4 million . these factors raise substantial doubts about our ability to continue as a going concern . we intend to sell part of our low efficiency assets and appreciating land and properties to repay our short term debts and to provide cash for the development of more promising products such as high power batteries and electric vehicle batteries . we transferred our 100 % equity interest in tianjin meicai to an unrelated party on august 27 , 2013. we also have intention to sell 100 % equity interest in bak international and its subsidiaries ( including all their assets and liabilities ) , and the properties in tianjin . we are in negotiation with the potential buyers about contract terms and clauses . we intend to obtain the approval of our shareholders before we close the transactions . prior to the completion of these disposals , the potential buyers preliminarily agreed in november and december 2013 that they would lend sufficient money to us to help us repay past due and maturing bank loans , on the condition that we make certain pledges and guarantees , including pledging our 100 % equity interest in bak international . on december 17 , 2013 , shenzhen bak entered into a loan agreement , or the loan agreement , with mr. jinghui wang , the sole shareholder of a potential buyer , pursuant to which , mr. wang agreed to lend us in the aggregate amount of rmb370 million ( approximately $ 60.4 million ) initially . on january 14 , 2014 , bak international entered into a corporate guarantee with mr. wang , or bak international corporate guarantee , under which , bak international irrevocably and unconditionally guarantees to the lender timely performance by shenzhen bak of all its obligations under the loan agreement . on the same date , china bak battery , inc. entered into a corporate guarantee with mr. wang , or china bak corporate guarantee , to irrevocably and unconditionally guarantee timely performance by shenzhen bak of all its obligations under the loan agreement . in addition , on january 14 , 2014 , china bak battery , inc. and bak international entered into a share mortgage with mr. wang , or share mortgage , under which , china bak battery , inc. pledges 100 % equity interest in bak international to the lender as security for the performance of shenzhen bak 's obligations under the loan agreement . if shenzhen bak defaults on its repayment obligation under or in connection with the loan agreement , the lender , as the pledgee , will be entitled to dispose of the pledged equity interests . bak international corporate guarantee , china bak corporate guarantee and share mortgage are attached hereto as exhibits 10.13 , 10.14 and 10.15 , and are hereby incorporated by reference . up to the date of this form 10-k , we have received rmb370 million ( approximately $ 60.4 million ) pursuant to the loan agreement and an additional rmb150 million ( approximately $ 24.6 million ) from mr. wang . we also repaid rmb85 million ( approximately $ 13.9 million ) and renewed short term bank loans of rmb71 million ( approximately $ 11.6 million ) with ping an bank and repaid an amount of rmb445.9 million ( approximately of $ 72.8 million ) of bank loans of bank of china and agricultural bank of china and bills payable of rmb49.2 million ( approximately of $ 8.1 million ) to bank of china . in addition , we have entered a letter of intent with a potential buyer of bak tianjin for a consideration of rmb150 million , pursuant to which , we have received rmb50 million ( approximately $ 8.2 million ) in advance on november 19 , 2013 to repay the same amount of loan from bank of dalian matured on november 20 , 2013. after the disposal of these assets , we will retain bak asia and its subsidiary , bak dalian . it is our understanding that the dalian government will grant certain government subsidies to us , including but not limited to land use rights at a favorable price . as of september 30 , 2013 , we received a subsidy of rmb150 million ( approximately $ 24.5 million ) from the management committee of dalian economic zone , to finance our removal of operating assets from tianjin to dalian . story_separator_special_tag we repaid the $ 8.2 million loans on november 20 , 2013. on february 1 , 2013 , we entered into a comprehensive credit facility with bank of dalian , tianjin branch to provide a maximum loan amount of rmb 120.0 million ( approximately $ 19.6 million ) . loans may be drawn at any time over the period from january 28 , 2013 to january 27 , 2014 and will be due based on each loan agreement . this credit facility agreement was guaranteed by mr. xiangqian li and his wife ms. xiaoqiu yu . as of september 30 , 2013 , we had a loan of approximately $ 6.6 million , including a loan agreement that we obtained the loan on february 1 , 2013 in the amount of rmb 40,000,000 ( approximately $ 6.5 million ) , bearing annual interest at 115 % of the benchmark rate of the pboc on the date of the loan agreement and will be adjusted in line with any adjustment of the benchmark rate , repayable on january 27 , 2014. we had also borrowed $ 7.9 million of notes payable under this credit facility agreement . we have a comprehensive credit facility agreement with ping an bank ( previously known as shenzhen development bank ) , longgang branch to provide a maximum loan amount of rmb 180 million ( approximately $ 29.4 million ) . loans may be drawn at any time from june 5 , 2012 to may 31 , 2013 and will be due based on each loan agreement . this credit facility agreement was guaranteed by bak international , bak tianjin and mr. xiangqian li , and also was secured by $ 24.5 million of inventory and $ 22.4 million of equipment at cost with a carrying amount of $ 2.4 million as of september 30 , 2013. as of september 30 , 2013 , we had three outstanding loans of approximately $ 13.9 million . the first loan was obtained on april 10 , 2013 for a period of six months in the amount of approximately $ 5.7 million , of which $ 3.3 million had been paid as of september 30 , 2013. the second loan was obtained on april 19 , 2013 for a period of six months in the amount of approximately $ 6.5 million . the third loan was obtained april 25 , 2013 for a period of six months in the amount of approximately $ 4.9 million . each loan , carries an annual interest at 110 % of the benchmark rate of the pboc on the date of the loan agreement and is adjusted semi-annually , and is repayable on november 30 , 2013. we repaid $ 1.1 million on october 17 , 2013 and another $ 1.2 million on november 20 , 2013. we paid the remaining $ 11.6 million on december 2 , 2013 and renewed the same amount on december 20 , 2013 from ping an bank . 43 we have a comprehensive credit facility agreement with china citic bank , shenzhen branch to provide a maximum loan amount of rmb 75 million ( approximately $ 12.3 million ) . loans may be drawn at any time from june 20 , 2012 to june 20 , 2013 and will be due based on each loan agreement . this credit facility was guaranteed by bak international and mr. xiangqian li . as of september 30 , 2013 , we borrowed $ 5.6 million of notes payable under the other credit line . we have a six-year long-term loan agreement expiring on february 9 , 2016 of rmb 150 million ( approximately $ 24.4 million ) with shenzhen branch , china development bank . the loan proceeds must be used for the construction of our research and development test centre in shenzhen . the long-term loan is secured by shenzhen bak 's pledge of its land use rights certificates , property ownership and equipment built-up by use of this long-term loan pursuant to the loan agreement . the obligations of shenzhen bak under this loan agreement are guaranteed by mr. xiangqian li . as of june 30 , 2013 , we had borrowed approximately rmb118.7 million ( or approximately $ 19.3 million ) in ten loans under this agreement , and bearing annual interest of 6.878 % , adjusted monthly . as of september 30 , 2013 , we had repaid all of those loans to china development bank . as of september 30 , 2013 , we had also borrowed $ 5.3 million , $ 0.8 million , $ 0.5 million of notes payable and other lines of credit outside any credit facility from bank of east asia , bank of china , tianjin branch and icbc , respectively . we have established long-term relationships with our suppliers and we can pay them within 90-360 days from the respective invoice dates . as we have been suffering severe cash flow deficiencies , we intend to sell part of our low efficiency assets and appreciating land and properties to repay our short term debts and to provide cash for the development of more promising products such as high power batteries and electric vehicle batteries . we transferred our 100 % equity interest in tianjin meicai to an unrelated party on august 27 , 2013. we also have intention to sell 100 % equity interest in bak international and its subsidiaries ( including all their assets and liabilities ) , and the properties in tianjin . we are in negotiation with the potential buyers about contract terms and clauses . we intend to obtain the approval of our shareholders before we close the transaction . after the disposal of these assets , we will retain bak asia and its subsidiary , bak dalian . it is our understanding that the dalian government will grant certain government subsidies to us , including but not limited to land use rights at a

liquidity and capital resources we have historically financed our liquidity requirements from a variety of sources , including short-term bank loans , other short-term loans , long-term bank loans and bills payable under bank credit agreements , factoring of bills receivable to banks and issuance of capital stock . due to the weak economic environment in china and stricter lending policy the chinese government placed on the china finance system , it is becoming more difficult for us to obtain new financing from banks . as of september 30 , 2013 , we had cash and cash equivalents of $ 14.0 million . in addition , we had pledged deposits amounting to $ 8.1 million . typically , banks will require borrowers to maintain deposits of approximately 18 % to 52 % of the outstanding bills payable . the individual bills have maturities ranging from six to twelve months which coincide with the periods the cash remains pledged to the banks . as of september 30 , 2013 , we had access to $ 163.5 million in short-term credit facilities and $ 29.2 million in other lines of credit , all of which were utilized . the following table sets forth a summary of our cash flows for the periods indicated : ( all amounts in thousands of u.s. dollars ) replace_table_token_8_th operating activities net cash provided by operating activities was $ 23.6 million in the year ended september 30 , 2013 , as compared with $ 5.2 million in fiscal year 2012. the increase of $ 18.4 million in net cash provided by operating activities was mainly attributable to a subsidy of $ 24.5 million from the management committee of dalian economic zone to finance moving of our production facilities from tianjin to dalian .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources we have historically financed our liquidity requirements from a variety of sources , including short-term bank loans , other short-term loans , long-term bank loans and bills payable under bank credit agreements , factoring of bills receivable to banks and issuance of capital stock . due to the weak economic environment in china and stricter lending policy the chinese government placed on the china finance system , it is becoming more difficult for us to obtain new financing from banks . as of september 30 , 2013 , we had cash and cash equivalents of $ 14.0 million . in addition , we had pledged deposits amounting to $ 8.1 million . typically , banks will require borrowers to maintain deposits of approximately 18 % to 52 % of the outstanding bills payable . the individual bills have maturities ranging from six to twelve months which coincide with the periods the cash remains pledged to the banks . as of september 30 , 2013 , we had access to $ 163.5 million in short-term credit facilities and $ 29.2 million in other lines of credit , all of which were utilized . the following table sets forth a summary of our cash flows for the periods indicated : ( all amounts in thousands of u.s. dollars ) replace_table_token_8_th operating activities net cash provided by operating activities was $ 23.6 million in the year ended september 30 , 2013 , as compared with $ 5.2 million in fiscal year 2012. the increase of $ 18.4 million in net cash provided by operating activities was mainly attributable to a subsidy of $ 24.5 million from the management committee of dalian economic zone to finance moving of our production facilities from tianjin to dalian .
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 Suspicious Activity Report : because we defaulted on repayment of loans from bank of china , we are experiencing and , we believe , will continue to experience significant difficulties to renew our credit facilities or refinance loans from banks . upon request of bank of china , shenzhen municipal intermediate court has ordered to freeze all of our properties in shenzhen bak industrial park and tianjin industrial park zone near the end of fiscal year 2013 whereby we may not transfer these assets or pledge these assets for any other borrowings . in order to extend the bank loans to various dates through may 2014 , we were required by bank of china to pledge 100 % equity interest in shenzhen bak and almost all of our assets in shenzhen and tianjin , including land use rights and property rights , equipment , accounts receivable and inventories . we repaid our defaulted loans from bank of china on january 9 , 2014 and we expect that our frozen properties will be released by the court shortly . as of september 30 , 2013 , we had access to $ 163.5 million in short-term credit facilities and $ 29.2 million in other lines of credit , all of which were utilized to the extent of short-term bank loans of $ 151.4 million and bills payable of $ 41.4 million . these factors raise substantial doubts about our ability to continue as a going concern . we intend to sell part of our low efficiency assets and appreciating land and properties to repay our short term debts and to provide cash for the development of more promising products such as high power batteries and electric vehicle batteries . we transferred our 100 % equity interest in tianjin meicai to an unrelated party on august 27 , 2013. we also have intention to sell 100 % equity interest in bak international and its subsidiaries ( including all their assets and liabilities ) , and the properties in tianjin . we are in negotiation with the potential buyers about contract terms and clauses . we intend to obtain the approval of our shareholders before we close the transactions . prior to the completion of these disposals , the potential buyers preliminarily agreed in november and december 2013 that they would lend sufficient money to us to help us repay past due and maturing bank loans , on the condition that we make certain pledges and guarantees , including pledging our 100 % equity interest in bak international . on december 17 , 2013 , shenzhen bak entered into a loan agreement , or the loan agreement , with mr. jinghui wang , the sole shareholder of a potential buyer , pursuant to which , mr. wang agreed to lend us in the aggregate amount of rmb370 million ( approximately $ 60.4 million ) initially . on january 14 , 2014 , bak international entered into a corporate guarantee with mr. wang , or bak international corporate guarantee , under which , bak international irrevocably and unconditionally guarantees to the lender timely performance by shenzhen bak of all its obligations under the loan agreement . on the same date , china bak battery , inc. entered into a corporate guarantee with mr. wang , or china bak corporate guarantee , to irrevocably and unconditionally guarantee timely performance by shenzhen bak of all its obligations under the loan agreement . in addition , on january 14 , 2014 , china bak battery , inc. and bak international entered into a share mortgage with mr. wang , or share mortgage , under which , china bak battery , inc. pledges 100 % equity interest in bak international to the lender as security for the performance of shenzhen bak 's obligations under the loan agreement . if shenzhen bak defaults on its repayment obligation under or in connection with the loan agreement , the lender , as the pledgee , will be entitled to dispose of the pledged equity interests . bak international corporate guarantee , china bak corporate guarantee and share mortgage are attached hereto as exhibits 10.13 , 10.14 and 10.15 , and are hereby incorporated by reference . up to the date of this form 10-k , we have received rmb370 million ( approximately $ 60.4 million ) pursuant to the loan agreement and an additional rmb150 million ( approximately $ 24.6 million ) from mr. wang . we also repaid rmb85 million ( approximately $ 13.9 million ) and renewed short term bank loans of rmb71 million ( approximately $ 11.6 million ) with ping an bank and repaid an amount of rmb445.9 million ( approximately of $ 72.8 million ) of bank loans of bank of china and agricultural bank of china and bills payable of rmb49.2 million ( approximately of $ 8.1 million ) to bank of china . in addition , we have entered a letter of intent with a potential buyer of bak tianjin for a consideration of rmb150 million , pursuant to which , we have received rmb50 million ( approximately $ 8.2 million ) in advance on november 19 , 2013 to repay the same amount of loan from bank of dalian matured on november 20 , 2013. after the disposal of these assets , we will retain bak asia and its subsidiary , bak dalian . it is our understanding that the dalian government will grant certain government subsidies to us , including but not limited to land use rights at a favorable price . as of september 30 , 2013 , we received a subsidy of rmb150 million ( approximately $ 24.5 million ) from the management committee of dalian economic zone , to finance our removal of operating assets from tianjin to dalian . story_separator_special_tag we repaid the $ 8.2 million loans on november 20 , 2013. on february 1 , 2013 , we entered into a comprehensive credit facility with bank of dalian , tianjin branch to provide a maximum loan amount of rmb 120.0 million ( approximately $ 19.6 million ) . loans may be drawn at any time over the period from january 28 , 2013 to january 27 , 2014 and will be due based on each loan agreement . this credit facility agreement was guaranteed by mr. xiangqian li and his wife ms. xiaoqiu yu . as of september 30 , 2013 , we had a loan of approximately $ 6.6 million , including a loan agreement that we obtained the loan on february 1 , 2013 in the amount of rmb 40,000,000 ( approximately $ 6.5 million ) , bearing annual interest at 115 % of the benchmark rate of the pboc on the date of the loan agreement and will be adjusted in line with any adjustment of the benchmark rate , repayable on january 27 , 2014. we had also borrowed $ 7.9 million of notes payable under this credit facility agreement . we have a comprehensive credit facility agreement with ping an bank ( previously known as shenzhen development bank ) , longgang branch to provide a maximum loan amount of rmb 180 million ( approximately $ 29.4 million ) . loans may be drawn at any time from june 5 , 2012 to may 31 , 2013 and will be due based on each loan agreement . this credit facility agreement was guaranteed by bak international , bak tianjin and mr. xiangqian li , and also was secured by $ 24.5 million of inventory and $ 22.4 million of equipment at cost with a carrying amount of $ 2.4 million as of september 30 , 2013. as of september 30 , 2013 , we had three outstanding loans of approximately $ 13.9 million . the first loan was obtained on april 10 , 2013 for a period of six months in the amount of approximately $ 5.7 million , of which $ 3.3 million had been paid as of september 30 , 2013. the second loan was obtained on april 19 , 2013 for a period of six months in the amount of approximately $ 6.5 million . the third loan was obtained april 25 , 2013 for a period of six months in the amount of approximately $ 4.9 million . each loan , carries an annual interest at 110 % of the benchmark rate of the pboc on the date of the loan agreement and is adjusted semi-annually , and is repayable on november 30 , 2013. we repaid $ 1.1 million on october 17 , 2013 and another $ 1.2 million on november 20 , 2013. we paid the remaining $ 11.6 million on december 2 , 2013 and renewed the same amount on december 20 , 2013 from ping an bank . 43 we have a comprehensive credit facility agreement with china citic bank , shenzhen branch to provide a maximum loan amount of rmb 75 million ( approximately $ 12.3 million ) . loans may be drawn at any time from june 20 , 2012 to june 20 , 2013 and will be due based on each loan agreement . this credit facility was guaranteed by bak international and mr. xiangqian li . as of september 30 , 2013 , we borrowed $ 5.6 million of notes payable under the other credit line . we have a six-year long-term loan agreement expiring on february 9 , 2016 of rmb 150 million ( approximately $ 24.4 million ) with shenzhen branch , china development bank . the loan proceeds must be used for the construction of our research and development test centre in shenzhen . the long-term loan is secured by shenzhen bak 's pledge of its land use rights certificates , property ownership and equipment built-up by use of this long-term loan pursuant to the loan agreement . the obligations of shenzhen bak under this loan agreement are guaranteed by mr. xiangqian li . as of june 30 , 2013 , we had borrowed approximately rmb118.7 million ( or approximately $ 19.3 million ) in ten loans under this agreement , and bearing annual interest of 6.878 % , adjusted monthly . as of september 30 , 2013 , we had repaid all of those loans to china development bank . as of september 30 , 2013 , we had also borrowed $ 5.3 million , $ 0.8 million , $ 0.5 million of notes payable and other lines of credit outside any credit facility from bank of east asia , bank of china , tianjin branch and icbc , respectively . we have established long-term relationships with our suppliers and we can pay them within 90-360 days from the respective invoice dates . as we have been suffering severe cash flow deficiencies , we intend to sell part of our low efficiency assets and appreciating land and properties to repay our short term debts and to provide cash for the development of more promising products such as high power batteries and electric vehicle batteries . we transferred our 100 % equity interest in tianjin meicai to an unrelated party on august 27 , 2013. we also have intention to sell 100 % equity interest in bak international and its subsidiaries ( including all their assets and liabilities ) , and the properties in tianjin . we are in negotiation with the potential buyers about contract terms and clauses . we intend to obtain the approval of our shareholders before we close the transaction . after the disposal of these assets , we will retain bak asia and its subsidiary , bak dalian . it is our understanding that the dalian government will grant certain government subsidies to us , including but not limited to land use rights at a

