CRGI (Corgi International)

Created By: consor_josh
Last Modified: 08/02/07
Summary: Corgi designs, produces, markets and distributes innovative, high-quality licensed and unlicensed pop culture collectibles, gifts and toys ranging from high-end movie and television prop replicas to lower price-point gifts and toys. For the six months ended September 30, 2006, on a pro forma basis, we had approximately $41.19 million of revenue and an operating loss of approximately $2.06 million
A jetpak created on Tue, 03 Jul 2007 17:48:08 GMTF-3A
PROSPECTUS SUMMARY
This summary highlights information contained elsewhere in this prospectus and in the documents
incorporated by reference herein and does not contain all of the information you should consider in
making your investment decision. You should read this summary together with the more detailed
information, including our business information, financial statements and the related notes
thereto, contained or incorporated by reference in this prospectus, as well as the information set
forth in any prospectus supplement. You should carefully consider, among other things, the matters
discussed in the section entitled “Risk Factors.”
Corgi International Limited
We design, produce, market and distribute innovative, high-quality licensed and unlicensed pop
culture collectibles, gifts and toys ranging from high-end movie and television prop replicas to
lower price-point gifts and toys. For the six months ended September 30, 2006, on a pro forma
basis, we had approximately $41.19 million of revenue and an operating loss of approximately $2.06
million, and for the fiscal year ended March 31, 2006, on a pro forma basis, we had approximately
$105.76 million of revenue and an operating loss of approximately $24.73 million.
Corgi markets its consumer products under three brands: Master Replicas, Corgi, and PopCo, and
conducts its distribution business under its Cards Inc. brand. We hold licenses for pop culture
collectibles, gifts and toys for many of the highest grossing film franchises of all time including
Batman, Disney Classics, Harry Potter, James Bond, Pirates of the Caribbean, Star Trek, and Spiderman
3. In 2007, we expect to benefit from the launch of our new Harry Potter line of
products in Spring/Summer 07 and the launch of our Golden Compass line of products in Fall 2007.
Corgi was originally founded in 1956 in England and is one of the oldest marketers of collectible
die-cast models of trucks, buses, cars and airplanes in the world, with its principal markets of
its products in the United Kingdom and Northern Europe. In December 2006, we sold our Zindart
Manufacturing division. In December 2006, Corgi acquired Cards Inc. and Master Replicas, closed a
private financing of $17.6 million, converted $5.65 million in principal amount of outstanding
convertible notes raised in April 2006 into ADSs and warrants, and effected a six for one
combination of our shares. As a result of these transactions, for accounting purposes, Master
Replicas was deemed to be the accounting acquirer and, accordingly, Master Replicas financial
statements will be presented as the historical financial statements of the combined entity
subsequent to the acquisition.
Master
Replicas Inc., based in Walnut Creek, California, was founded in 2003
and is a designer and
marketer of movie and television prop replicas. Historically, Master
Replicas has sold its products principally to customers in the United
States.
Cards Inc. Limited, based in Watford, England, was founded in 1989 by
Darren Epstein and is a
distributor of trading cards and pop culture memorabilia principally in
the United Kingdom and
Europe.
In December 2006, Michael Cookson, formerly Chief Executive Officer of Master Replicas, and Darren
Epstein, the Chief Executive Officer of Cards Inc. joined our Board of Directors (along with
Timothy Steel) and became our Chief Executive Officer and Executive Vice President, Chief Strategy
Officer, respectively. We are currently reviewing our corporate structure, management, facilities,
systems, employees, products, and vendors with a view to consolidate, streamline and reduce costs
and redundancies where possible and to identify and leverage synergies that may exist as a result
of our recent combination of Corgi, Master Replicas and Cards Inc.
We are
headquartered in Hong Kong, with offices in Walnut Creek, CA, Chicago,
IL, Leicester and
Watford, England, United Kingdom. Our capital structure as of
March 31, 2007 includes 10,465,355
ADSs issued and outstanding, with an additional 3,589,017 ADSs
outstanding warrants and options granted or available to grant under
the Company’s
incentive equity plans.
From:
http://www.sec.gov/Archives/edgar/data/1028637/000095013407013736/f29193a1fv3za.htmLink: Yahoo Finance Overview
Summary: Note that the data on Yahoo Finance contains some known inaccuracies. For detailed answers to any of your financial and capitalization questions see the publicly filed documents at the SEC.











