Ocean Sky International Limited - Ocean Sky International Ltd ...

2. BASIS OF PRESENTATION OF FINANCIAL INFORMATION (Cont’d)
Percentage
Date and place Issued and of equity
Name of of incorporation paid-up held by Principal Cost of
company and operations capital the Group activities Investments
% $’000
Uniwear Garments 30 April 2001 HNL5,525,000 100 Manufacturing 606
Honduras S.A. Honduras of apparels
Sunglobe Pte Ltd 10 April 1992 $310,000 100 Import and 326
Singapore export and
trading of
textiles and
apparels
Suntex Pte Ltd 18 October 1996 US$1,200,000 100 Manufacturing 1,864
Cambodia of apparels
* Pacific Sky 18 June 2002 US$22,857 100 Inactive
Apparel (SAL), El Salvador
S.A. de C.V.
* Ocean Star 12 June 2002 #US$245,711 100 Inactive
Apparel PRC
(Guangzhou)
Pte Ltd
8,106
* These subsidiaries were not included in the consolidated financial statements they were only incorporated in June 2002
and have not commenced operations as at 30 June 2002. No financial statements have been prepared since respective
dates of incorporation and statutory auditors have not yet been appointed.
# The registered capital were contributed in two portion of US$100,000 and US$145,711 on 10 September 2002 and 6
December 2002 respectively.
Subsidiary of ATS
Garments (S)
Pte Ltd
Milteq Tenthouse 26 June 2001 B$25,000 100 Manufacturing
Sdn Bhd Brunei of apparels
Subsequent to 30 June 2002, the Company incorporated certain subsidiary companies as
disclosed in Note 41 (iii) of the financial statements.
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