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

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Sales / Marketing / Sourcing / Merchandising Apparel Manufacturing Logistics Management & Custom Clearance Fabric Manufacturing & Sourcing Accessories Sourcing Customers’ Buying Objectives Product Development Production Planning Purchase of Materials Storage of Materials Inspection of Materials Cutting Sewing Apparel Inspection Pressing / Packing Final Quality Assurance Logistics Management Shipping Documentations Custom Clearance Warehousing Design & Trend Buyers Confirmation of Orders Embroidery/ Screen Printing, etc Apparel Dyeing / Washing 47 Technical & Sampling Real-Time Production Management System ERP System SUPPLY CHAIN MANAGEMENT INTEGRATED SERVICES
Pre-Manufacturing Supply Chain Management Services Understanding Customers’ Buying Objectives Our Group is strongly committed to providing best services to all our customers. Our Marketing and Merchandising Departments undertake to fully understand each customer’s market positioning, lines of products and product styles through regular contacts. During the marketing stage for each potential order, our personnel will also try to fully understand the objectives of the order so as to provide the best solutions for the customer. By attending trade shows, conducting market researches and through our global sourcing network, our Group continuously gathers information on latest and upcoming fashion trends and developments. This practice has enabled our Group to effectively share constructive information with our customers to assist them with their product development process. It has also enabled our Group to promptly respond to customers’ requests for samples and quotations and the subsequent delivery of orders. Fabric and Accessories Sourcing, Design & Trend Services, Technical & Sampling Through our Group’s wide global network, we are able to effectively source for fabric and accessories according to our customers’ requirements at competitive prices and from reliable suppliers. At the same time, our Group’s Technical Department is able to provide valuable technical advices on fabric selection, consumption, cutting and sewing constructions. The Department would also analyse and recommend the best production processes and sequence to adopt for each order based on the technical capabilities of each production base so as to achieve maximum productivity and cost efficiency. The Department also plays an important role in the evaluation, testing and modifying samples to the satisfaction of the customers. Product Development Through keeping abreast with latest and upcoming fashion trends and researches, our Product Development Department pro-actively develops new product designs for our customers’ considerations. Together with the Marketing and Merchandising Departments, the Product Development Department works closely with our customers so as to meet their requirements and assist them in their product development process. Production Planning Upon receipt of confirmation of orders from our customers, the Global Factory Planning Department would develop the production schedule taking into consideration clients’ preference of production location, factory capacities, manufacturing methods, source of fabric and accessories, delivery destination, transportation costs, etc. Purchase of Materials Once production schedule has been determined, the Purchasing Department would purchase the required fabrics and accessories according to customer’s requirements. All fabric and accessories purchased are subjected to in-coming quality inspection to ensure that they meet the specifications, quality and quantity ordered. Storage of Fabrics & Accessories Each fabric and accessories delivery is checked against the order. The fabric and accessories are then weighted, labelled and recorded before being neatly and systematically stored to enable accurate and easy retrieval. Apparel Manufacturing Our Group adopts fully or semi-automated streamlined production processes in all our global operations in order to maximise productivity at minimal cost and to reduce human errors. At the same time, our Group has put in place stringent quality control policies and adopts total quality inspection throughout the entire production process to ensure strict compliance to customers’ quality, quantity and social requirements. Our Group has also began our first phase of integration of both the operations and management processes through real-time production management and ERP systems. These systems enable both the management and customers to effectively monitor real-time production processes at every stage. They also enable full flexibility in administering changes to orders at any stage of the production process. Through these systems, defects, bottlenecks are quickly and easily detected, addressed and resolved at early stages thus drastically reducing wastage and time. 48
Page 1 and 2: PROSPECTUS DATED 12 MARCH 2003 (Reg
Page 3 and 4: Page OUR EMPLOYEES ................
Page 5 and 6: Legal Advisors to our Company : Jin
Page 7 and 8: GENERAL “Act” : The Companies A
Page 9 and 10: “PRC” : People’s Republic of
Page 11 and 12: GLOSSARY OF TECHNICAL TERMS To faci
Page 13 and 14: shall be deemed to have notice of s
Page 15 and 16: STRUCTURE OF INVITATION This sectio
Page 17 and 18: CAUTIONARY NOTE ON FORWARD-LOOKING
Page 19 and 20: PROSPECTUS SUMMARY The following su
Page 21 and 22: THE INVITATION Issue Size : 92,000,
Page 23 and 24: ISSUE PRICE ISSUE STATISTICS NET TA
Page 25 and 26: RISK FACTORS You should carefully e
Page 27 and 28: We are dependent on our major custo
Page 29 and 30: Accordingly, the timing and the qua
Page 31 and 32: We do not have a fixed dividend pol
Page 33 and 34: As at 31 January 2003, our Group ha
Page 35 and 36: SELECTED CONSOLIDATED FINANCIAL INF
Page 37 and 38: MANAGEMENT’S DISCUSSION AND ANALY
Page 39 and 40: Operating expenses were 14.0% of tu
Page 41 and 42: Non-current liabilities Non-current
Page 43 and 44: OUR HISTORY Our Company was incorpo
Page 45 and 46: OUR INDUSTRY Apparel is one of the
Page 47: Our Group has a portfolio of client
Page 51 and 52: Post-Manufacturing Supply Chain Man
Page 53 and 54: Our marketing team is not only well
Page 55 and 56: COMPETITIVE STRENGTHS Over the year
Page 57 and 58: Our global operations provide our m
Page 59 and 60: d. We will expand the scope of our
Page 61 and 62: OUR MAJOR SUPPLIERS With our global
Page 63 and 64: CREDIT POLICY Generally, the terms
Page 65 and 66: Location/Use Approximate Approximat
Page 67 and 68: DIRECTORS, MANAGEMENT AND STAFF DIR
Page 69 and 70: MANAGEMENT Our day-to-day operation
Page 71 and 72: Lee Ching Lian Bernadette Ms Lee Ch
Page 73 and 74: MANAGEMENT REPORTING STRUCTURE Our
Page 75 and 76: DIRECTORS’ AND EXECUTIVE OFFICERS
Page 77 and 78: OCEAN SKY SHARE OPTION SCHEME We ha
Page 79 and 80: Issue Price The Exercise Price (as
Page 81 and 82: SGX-ST Requirements The Company sha
Page 83 and 84: (B) Audit Committee Our business an
Page 85 and 86: INTERESTED PERSONS TRANSACTIONS Sav
Page 87 and 88: Consultancy Services Our Non-Execut
Page 89 and 90: POTENTIAL CONFLICT OF INTERESTS Ang
Page 91 and 92: Details of the changes in the issue
Page 93 and 94: OWNERSHIP STRUCTURE AND PRINCIPAL S
Page 95 and 96: COMPANIES WITHIN OUR GROUP The deta
Page 97 and 98: LETTER FROM AUDITORS AND REPORTING
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GROUP BALANCE SHEETS Non-current as
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GROUP STATEMENTS OF CHANGES IN SHAR
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GROUP STATEMENTS OF CASH FLOWS (Con
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STATEMENTS OF ADJUSTMENTS 31 Decemb
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STATEMENTS OF ADJUSTMENTS (Cont’d
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2. BASIS OF PRESENTATION OF FINANCI
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3. SIGNIFICANT ACCOUNTING POLICIES
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4. FIXED ASSETS (Cont’d) Leasehol
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4. FIXED ASSETS (Cont’d) Freehold
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5. GOODWILL (Cont’d) Negative Goo
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8. DEFERRED EXPENDITURE (Cont’d)
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10. CURRENT LIABILITIES Group As at
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18. FINANCE LEASE CREDITORS Group A
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24. DEFERRED TAXATION Group As at 3
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26. FOREIGN CURRENCY TRANSLATION RE
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31. FINANCE COSTS Group Financial y
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35. SIGNIFICANT RELATED PARTIES TRA
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39. SEGMENT REPORTING (Cont’d) Ge
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(iv) Subsequent to the balance shee
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EXCHANGE CONTROLS MALAYSIA Based on
Page 143 and 144:
Resultant Number of Issued shares i
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Name Present Directorships Past Dir
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Name Present Directorships Past Dir
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(h) Save as disclosed at page 73 of
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(b) Where such Director has given n
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Article 122 The Directors may from
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Article 42 A reference to a member
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Article 35 (A) There shall be no re
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5. WORKING CAPITAL The Directors ar
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(k) Application monies received by
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APPENDIX A - TERMS AND CONDITIONS A
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12. In the event of an under-subscr
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7. Your application must be accompa
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Applications for Reserved Shares 1.
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4. You irrevocably agree and undert
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10. We do not recognise the existen
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Step 1: Click on to DBS Bank websit
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General Meetings of Shareholders Th
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Singapore courts have wide discreti
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Singapore does not impose withholdi
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APPENDIX D - RULES OF THE OCEAN SKY
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“Rules” The rules of the ESOS,
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4.2 Employees who are either Contro
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9. Rights to Exercise Options 9.1 S
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10.5 If in connection with the maki
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13.3 Any decision of the Committee
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18. Taxes All taxes (including inco
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Serial No: To: The Committee Ocean
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To: The Committee Ocean Sky Share O
Page 201:
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