Prospector
Profile
1113-03
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| Grand Toys International Limited |
NAICS |
339932 |
| Suite 1501, 15th Floor, Chinachem Golden Plaza, 77 Mody Road
Kowloon, Hong Kong |
Description |
Toys Manufacturing |
| +852-2866-8323 |
Employees |
3825 |
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Revenue |
(mil) |
128.7600 |
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Income |
(mil) |
-19.6730 |
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Assets |
(mil) |
102.6780 |
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Liability |
(mil) |
73.5680 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
BDO McCabe Lo Limited expressed substantial doubt on the ability of Grand Toys International Limited to continue as a going concern after auditing its financial statements. The auditor notes that the Company has incurred a loss from operations for the year ended December 31, 2006, and has substantial cumulative losses and working capital deficiency. The Company had net losses of $19.67 million on revenues of $128.76 million for the year ended December 31, 2006. It also had accumulated losses of $48 million as of December 31, 2006.
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Intellectual Property:
The Company's Hua Yang Holdings Co., Limited, subsidiary owns a utility patent in the U.S. on a novelty book product. [SEC Filing 10KSB 10-15-2007]
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Description:
Grand Toys International Limited, through its Hong Kong, PRC and US operating subsidiaries, develops, manufactures and distributes toy and toy-related products; prints and assembles books and specialty packaging; and develops and manufactures party goods.
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Officers:
Jeff Hsieh Cheng (CEO); David J. Fremed (CFO); David C.W. Howell (EVP-Finance)
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Auditor:
BDO McCabe Lo Limited
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Securities:
Common Stock-Symbol GRIN; NasdaqCM;
16.87 million common shares outstanding as of December 31, 2006.
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