Extend or copy configuration from one company code to another - 5 years old

hi friends,
we have typical scenario,
we are upgrading in next 6 months, in btwn we need urgently an ERP system for factory in another different country,
we have an 5years old existing SAP 4.7 system running all modules
so can i copy the configuration of existing system ( say 1000) to new company code (say 3000) and the new factory/country
suse this new company code 3000 for their erp needs ( SD,MM, PP)
questions
1) can i do this copy companycode using EC01... will it work? will it effect my current system
2) will it copy only the configuration (no changes were made to the source code of current sytem except for enhancements userexits)
3) by this method, what would be my new configuration at 3000
4) is it safe to do it
5) any other solutions
thanks
sai

so do you say, if i copy over the company code, i still need to do configuration, in that case, i did not understand the use of copy. i was thinking, if i copy most of configurations ( default) of the source will be copied over to new cc

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Extend or copy configuration from one company code to another - 5 years old

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