| Compass Plastics & Technologies, Inc. | |||
| Ticker: | CPTI | 15730 South Figueroa Street | |
| Exchange: | NASDAQ-National Market | Gardena, CA 90248 | |
| Industry: | Manufacturing (SIC Code 2821) | (213) 770-8771 | |
| Type of Shares: | Common Shares | Filing Date: | 6/6/97 | |
| U.S. Shares: | 1,650,000 | Offer Date: | 9/3/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $8.00 | |
| Primary Shares: | 1,200,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 450,000 | Gross Spread: | $0.76 | |
| Offering Amount: | $12,375,000 | Selling: | $0.43 | |
| Expenses: | $792,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,106,000 |
| Manager | Tier | Phone |
| Cruttenden Roth Incorporated | Lead Manager | (800) 678-9147 |
| Issuer's Law Firm: | Greenberg Traurig Hoffman Lipoff Rosen & Quentel |
| Bank's Law Firm: | Troop Meisinger Steuber & Pasich, LLP |
| Auditor: | Marcum & Kliegman LLP |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 10/27/96 | 4/27/97 | 4/28/96 | 4/27/97 | ||
| Revenue: | $39.34 | $20.24 | $19.41 | Assets: | $18.83 |
| Net Income: | $1.87 | $1.18 | $0.81 | Curr Assets: | |
| EPS: | $0.39 | $0.24 | $0.17 | Liabilities: | $15.28 |
| Prior EPS: | $0.35 | $3.53 | $1.90 | Curr Liabilities: | |
| Cash Flow/Oper: | $3.17 | Equity: | $3.54 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a contract manufacturer and assembler of custom injection-molded plastic components. The company manufactures the plastic exteriors of computer monitors, televisions, electronic music keyboards and other consumer electronic equipment. In addition to injection-molded components, the company offers a broad range of "value-added" services, including painting, decorating and assembly. A significant percentage of the company's components are manufactured using gas-assist molding technology which reduces material usage and permits the molding of lighter and stronger parts. The company believes its technical and manufacturing capabilities to produce large injection-molded plastic components on both a "just-in-time" basis and in production volumes with low reject rates provide a significant competitive advantage. The company charges its customers a fixed price for each component or part it manufacturers, which components may consist of a single or multiple parts. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay principal and interest outstanding under its subordinated loan agreement with Sirrom Investments, to complete the construction of the warehouse at the company's Gardena, California facility and equip its newly constructed Tijuana, Mexico manufacturing facility. |