| DSI Toys, Inc. | |||
| Ticker: | DSIT | 1100 West Sam Houston Parkway (North), Suite A | |
| Exchange: | NASDAQ-National Market | Houston, TX 77043 | |
| Industry: | Wholesale (SIC Code 5092) | (713) 365-9900 | |
| Type of Shares: | Common Shares | Filing Date: | 3/26/97 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 5/29/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,700,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 300,000 | Gross Spread: | $0.60 | |
| Offering Amount: | $30,000,000 | Selling: | $0.32 | |
| Expenses: | $600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,000,000 |
| Manager | Tier | Phone |
| Tucker Anthony Incorporated | Lead Manager | (800) 453-8205 |
| Sutro & Company Inc. | Co-manager | (415) 445-8323 |
| Issuer's Law Firm: | Thompson & Knight |
| Bank's Law Firm: | Stroock & Stroock & Lavan |
| Auditor: | Price Waterhouse |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $63.22 | Assets: | $16.30 | ||
| Net Income: | $2.15 | Curr Assets: | |||
| EPS: | $0.58 | Liabilities: | $25.73 | ||
| Prior EPS: | $0.66 | Curr Liabilities: | |||
| Cash Flow/Oper: | $4.36 | Equity: | -$9.42 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, develops, markets and distributes high quality, value-priced toys and children's consumer electronics. The company's core product categories are 1) juvenile audio products, including wallkie-talkie, preschool audio products, pre-teen audio products and musical toys; 2) girls' toys, including dolls, play sets and accessories; and 3) boys' toys, including radio control vehicles, action figures and western and military action toys. Founded in 1970, the company was principally a supplier of non-proprietary toys to deep discount stores and regional drug store chains. With the addition of new senior management personnel in 1990, the company began to market its expanding product line to major toy retailers by emphasizing innovative packaging and developing in0house brands. Further, in fiscal 1993, the company began to emphasize the development and marketing of proprietary products, consisting of toys developed by the company incorporating concepts licensed from outside inventors, products designed in0house, products for which the company owns the molds and products incorporating well-known trademarks licensed to the company. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of debt of the company, consisting of senior term loans and subordinated term loans outstanding under a revolving line of credit and indebtedness to the Estate of Mr. Moss and for working capital and general corporate purposes. |