| Total Control Products, Inc. | |||
| Ticker: | TCPS | 2001 North Janice Avenue | |
| Exchange: | NASDAQ-National Market | Melrose Park, IL 60160 | |
| Industry: | Manufacturing (SIC Code 3823) | (708) 345-5500 | |
| Type of Shares: | Common Shares | Filing Date: | 12/23/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 3/11/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 1,650,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 350,000 | Gross Spread: | $0.56 | |
| Offering Amount: | $18,000,000 | Selling: | $0.30 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,653,576 |
| Manager | Tier | Phone |
| Adams, Harkness & Hill | Lead Manager | (617) 371-3705 |
| A.G. Edwards & Sons, Inc. | Co-manager | (314) 955-3039 |
| Issuer's Law Firm: | D'Ancona & Pflaum |
| Bank's Law Firm: | Hale and Dorr |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | Norwest Bank of Minnesota |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 12/31/96 | 12/31/95 | 12/31/96 | ||
| Revenue: | $25.74 | $28.81 | $17.65 | Assets: | $31.48 |
| Net Income: | -$0.61 | -$11.16 | -$0.70 | Curr Assets: | |
| EPS: | -$0.11 | -$1.97 | -$0.12 | Liabilities: | $40.73 |
| Prior EPS: | $0.09 | -$0.98 | -$0.20 | Curr Liabilities: | |
| Cash Flow/Oper: | -$0.41 | Equity: | -$9.25 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, develops and markets products and technology for the control segment of the industrial automation market. The company's broad range of products are used to define, monitor and maintain the operation, sequencing and safety of industrial equipment and machinery on the factory floor. These products range from close architecture programmable logic controller operator interfaces to open architecture software and systems, and are sold primarily through an international network of independent distributors with over 200 sales and locations. End-users of the company's products include Abbott Laboratories, The Boeing Company, The Coca Cola Company, Eastman-Kodak Company, Ford Motor Company, General Motors Corporation, Nabisco, Inc., and USX Corporation. |
| Competition |
| Competition in the industrial automation industry is intense and characterized by rapidly advancing technologies. The company faces substantial competition in all of its product lines and competition may increase if new competitors enter the market or if existing competitors expand their product offerings. Competitors include large PLC manufacturers, including Allen-Bradley, Eaton Corp., GE Fanuc Automation North America, Inc., Groupe Schneider S.A. and Siemens Energy and Automation, Inc. |
| Business Plan |
| The company's goal is to become a leading worldwide provider of products and technology in the control segment of the industrial automation market. Key elements of the company's strategy are as follows: 1) leverage the success of QuickPanel; 2) develop products for sale through independent distributor; 3) expand the network of independent distributors; 4) leverage the trend towards open systems; 5) seek product portfolio expansion opportunities; 6) focus resources on strategic areas. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of certain debt, working capital and general corporate purposes. |