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InfoSmart Group Inc (fka IFSG)

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COMPANY DATA

Infosmart Group, Inc.
5th Floor, QPL Industrial Building
126-140 Texaco Road
Tsuen Wan, HGK 
China

SHARE STRUCTURE

Authorized Shares: 300,000,000
Outstanding Shares: 161,560,520
Float: 63,678,191

(As of November 16, 2009)


 

  


  

Business Description

The company is in the business of developing, manufacturing, marketing and sales of recordable digital versatile disc (“DVDR”) media and recordable compact discs (“CDR”). The company currently manufactures DVDRs as well as CDRs, and has been developing its DVD-R manufacturing basis in both Hong Kong and Brazil to capture the worldwide market.  As the “war” between high density format DVDR (“HD-DVD”) and Blu-ray DVD formats has ended with the Blu-ray DVD format surviving in the marketplace to become the latest format of DVD recordable media, the company has a new perspective in business development in the world market for the next 5 years.  The company has acquired the first set of Blu-ray DVD replication systems in the China/Hong Kong region and will devote more resources to developing the market for Blu-ray DVD replication systems.  The company has customers in Western Europe, Australia, China and South America.

 

http://anwell.listedcompany.com/newsroom/Anwell_Press-Release_Infosmart-Contract-.pdf

The company  produce  through  two main operational business subsidiaries, Infoscience Media Limited (“IS Media”) at  state-of-the-art DVDR manufacturing facilities in Hong Kong and Discobras Industria E Comercio de Electro Eletronica Limiteda (“Discobras”) at  state-of-the-art DVDR & CDR manufacturing facilities in Brazil. The Quality Management System complies with ISO9001:2000 requirements, and they are ISO 9000 certified.  As a result of the Blu-ray format DVD prevailing over the HD-DVD in the battle of dominating the future format of DVDR, thecompany purchased the first set of Blu-ray DVD production replication systems in the China/Hong Kong region in order to meet the demands in the high definition media storage market

 

  

Facilities

We endorse our belief with our factory facilities. It has been proven by the SINGULUS E-Mould molding machines from Germany, production lines from SINGULUS Streamline II and Streamline/SPA, offset printing machine METRONIC from Germany, silk screen printing machine HANKY from Taiwan equipped. We have made every effort to ensure the final products are made in the best possible conditions.

In the aspect of dust control, we have attained a world standard - 10,000-class environmental clean room throughout our production house. The production house has also employed with in-house quality controllers that perform preliminary, intermediate quality control inspections that compiles with Philips Orange Book standards. Newest drives will be purchased and are used to perform compatibility tests in order to ensure highest compatibility.

  

Segment Information

The Company is engaged in the manufacture and distribution of Blu-ray, DVDR, CDR and non-diskette storage media (Flash card and Micro SD).  The nature of the products, their production processes, the type of their customers and their distribution methods are substantially similar.  Information for the DVDR, CDR products, flash drive , memory card  and blu-ray are disclosed under FAS 131, “Disclosures about Segments of an Enterprise and Related Information” as below:-

As of March 31, 2009, we had 150 full-time employees, including management. None of these employees are represented by any collective bargaining agreements. Neither we nor any of the subsidiaries have experienced a work stoppage. Management believes that our relations with our employees are good

 

As of September 30, 2009, the particulars of the subsidiaries are as follows:
 
Name of company
Place of 
incorporation
Date of 
incorporation
Attributable 
equity 
interest
Issued capital
              
Infosmart Group Limited
British Virgin Islands
March 23, 
2005
100%
US$1,427,794
Infoscience Media Global Limited
British Virgin Islands
May 17,
2007
100%
US$1
Portabello Global Limited
British Virgin Islands
March 21,
2007
100%
US$1
Info Smart International
Enterprises Limited
Hong Kong
September
26, 2003
100%
US$25.65
(HK$ 200)
Info Smart Technology Limited
Hong Kong
December
14, 2001
100%
US$618,075
(HK$4,820,000)
Infoscience Media Limited
Hong Kong
September
10, 2004
100%
US$1,282
(HK$10,000)
Infoscience Holdings Limited
Hong Kong
February 23,
2004
100%
US$13 (HK$100)
Manwin International Limited
Hong Kong
April 11, 2008
50%
US$0.24
(HK$2)
Discobras Industria E Comercio De Electro Electronica Ltda
Brazil
March 2006
99.42%
US$7,977,072
 

 


 PRODUCT LIST

 

 
Article No. HCD-R52x50 HDVD-R4x50 HDVD-R4x25 HDVD-R4xJew HDVD+R4x25 HMDVD-R4x10 HDVD+R8x25 HDVD-R8x25
Description Genuine Hyundai Branded CD-R / 700MB . 80Mins / 2-52X Genuine Hyundai Branded DVD-R / 1-4x / 4.7GB / 120mins Genuine Hyundai Branded DVD-R / 1-4x / 4.7GB / 120mins Genuine Hyundai Branded DVD+R / 1-4x / 4.7GB / 120mins Genuine Hyundai Branded DVD+R / 1-4x / 4.7GB / 120mins Genuine Hyundai Branded Mini DVD-R / 1-4x / 1.4GB / 30mins Genuine Hyundai Branded DVD+R / 1-8x / 4.7GB / 120mins Genuine Hyundai Branded DVD-R / 1-8x / 4.7GB / 120mins

 

 
Article No. HCD-ISDVD+/-R4x50 ISDVD+/-R4x25 ISDVD+/-R4x10
Description infosmart DVD-R / DVD+R / 1-4x, 1-8x / 4.7GB / 120mins

 
Article No. ISDVD+/-R4xSJC ISDVD-R4x1 ISMDVD-R4xJC10GB
Description infosmart DVD-R / DVD+R / 1-4x, 1-8x / 4.7GB / 120mins infosmart Branded Mini DVD-R / 1-4x / 1.4GB / 30mins

 


PACKAGING LIST

 


Packaging Picture Inner box Outer Box Carton Measurement Qty. Per Container
Shrink-wrapped 10PC Cakebox
10 PCS 600 PCS 43.5 x 29 x 27.3 cm 13.30 KGs 20': 369,600 PCS
40': 739,200 PCS

Shrink-wrapped 25PK Cakebox
25 PCS 600 PCS 43.5 x 29 x 21 cm 11.94 KGs 20': 540,000 PCS
40': 1,080,000 PCS

Shrink-wrapped 50PK Cakebox
50 PCS 600 PCS 43.5 x 29 x 18.5 cm 11.00 KGs 20': 594,000 PCS
40': 1,180,000 PCS

Shrink-wrapped 100PK Cakebox
100 PCS 600 PCS 43.5 x 29 x 18 cm 10.81 KGs 20': 594,000 PCS
40': 1,188,000 PCS

Shrink-wrapped 100PK Bulk Spindle
100 PCS 600 PCS 39.4 x 26.3 x 17.8 cm 10.60 KGs 20': 660,000 PCS
40': 1,320,000 PCS

 

Packaging Picture Inner box Outer box Carton Measurement Qty. Per Container
Shrink-wrapped Single Slim Jewel Case
1 PC 100 PCS 55.5 x 30 x 14.3 cm 19KGs 20': 144,000 PCS
40': 288,000 PCS

Shrink-wrapped Single Jewel Case, 10PCS in a gift box
10 PCS / Gift Box 200 PCS 55.5 x 30 x 28.6 cm 18KGs 20': 360,000 PCS
40': 720,000 PCS

Shrink-wrapped 8cm Slim Jewel Case, 10PCS in a gift box
10 PCS / Gift Box 500 PCS 50.5 x 27.6 x 21 cm 13.76KGs 20': 400,000 PCS
40': 800,000 PCS

 

Packaging Picture Inner box Outer box Carton Measurement Qty. Per Container
Shrink-wrapped Single DVD Case 14mm
1 pc 120 PCS 59.5 x 28.7 x 31.8 cm 11KGs 20': 50,400PCS
40': 100,800PCS

 


Latest 10-Q (Period Ending 9/30/2009)

  

   
As of
 
   
September 30,
   
December 31,
 
   
2009
   
2008
 
   
(Unaudited)
   
(Audited)
 
COMMITMENTS AND CONTINGENCIES – note 10
           
             
STOCKHOLDERS’ EQUITY
           
Common stock: No par value – note 11
           
Authorized: 300,000,000 shares; Issued and outstanding:  2009 – 161,560,520 shares and 2008 –161,560,520 shares
    4,557,827       4,557,827  
Additional paid-in-capital – note 11
    8,118,664       8,118,664  
Accumulated other comprehensive income
    (1,175,231 )     (4,322,676 )
Retained earnings
    11,209,503       11,303,600  
                 
TOTAL STOCKHOLDERS’ EQUITY
    22,710,763       19,657,415  

 

 

   
As of
 
   
September 30,
   
December 31,
 
   
2009
   
2008
 
   
(Unaudited)
   
(Audited)
 
             
ASSETS
           
Current assets
           
Cash and cash equivalents
  $ 213,353     $ 449,089  
Trade receivables
    5,435,632       7,628,529  
Prepaid expenses and other receivables
    5,861,275       4,653,565  
Prepaid tax
    1,868,433       880,008  
Inventories (net of allowance for doubtful accounts of $Nil for 2009 AND 2008) - note 6
    1,667,224       1,906,445  
Advance to a related party
    571,416       -  
                 
Total current assets
    15,617,333       15,517,636  
Deferred tax assets - note 4
    -       -  
Plant and equipment, net - note 7
    26,738,566       28,210,693  
Intangible assets
    1,316,840       1,528,475  
                 
TOTAL ASSETS
  $ 43,672,739     $ 45,256,804  

 

 

Three months ended
September 30,
   
Nine months ended
September 30,
 
   
2009
   
2008
   
2009
   
2008
 
                         
Net sales
  $ 5,515,148     $ 8,548,142     $ 19,727,060     $ 22,877,226  
                                 
Cost of sales
    (3,642,514 )     (4,437,490 )     (14,612,752 )     (15,961,181 )
                                 
Gross profit
    1,872,634       4,110,652       5,114,308       6,916,045  
                                 
Administrative expenses
    (1,513,318 )     (2,166,313 )     (3,871,036 )     (4,450,718 )
                                 
Selling and distributing costs
    (130,155 )     (102,817 )     (447,506 )     (278,519 )
                                 
Income from operations
    229,161       1,841,522       795,766       2.186.808  
                                 
Other income
    208,634       47,231       246,516       1,014,769  
                                 
Interest expenses
    (449,421 )     (136,685 )     (1,226,687 )     (571,757 )
                                 
Income / (Loss) before income taxes
    (11,626 )     1,752,068       (184,405 )     2,629,820  
                                 
Income taxes - note 4
    -       (409,531 )     (4,897 )     (460,840 )
                                 
Net income / (loss)
    (11,626 )     1,342,537       (189,302 )     2,168,980  
                                 
Non-controlling interest
    64,330       (19,195 )     95,206.       (34,979 )
                                 
Net income / (loss) before dividend
    52,704       1,323,342       (94,096 )     2,134,001  
                                 
Series B preferred dividend
    -       (36,605 )     -       (189,313 )
                                 
Net income / (loss) applicable to common shareholders
    52,704       1,286,737       (94,096 )     1,944,688  
                                 
Earning / (loss) per share - note 9
                               
                                 
- basic
  $ 0.01     $ 0.01     $ (0.01 )   $ 0.01  
                                 
- dilutive
  $ 0.01     $ 0.01     $ (0.01 )   $ 0.01  

 


 MANAGEMENT

 

 

Parker Seto – Chief Executive Officer and President

Formerly the Managing Director of WestPark Capital, Inc., Mr. Seto graduated from the Chinese University of Hong Kong with a Bachelor of Business Administration (Honour) in Professional Accountancy in 1990. Mr. Seto is a Member of the American Institute of Certified Public Accountants, Fellow Member of the Association of Chartered Certified Accountants in United Kingdom, and member of the Hong Kong Institute of Certified Public Accountants. He has extensive experience in initial public offerings and auditing public companies and provides financial advisory services. Mr. Seto was a director of the Company from March 16, 2007 until his resignation on August 9, 2007. Mr. Seto has been our Chief Executive Officer and President since August 21, 2007. Concurrent to his position with the Company and since 2002, Mr. Seto has been offering management consultancy services to several mid-sized businesses in Hong Kong and mainland China.

 

Po Nei Sze - Chief Financial Officer, Treasurer, Secretary and Director

Co-founder of Infosmart Group Limited, a company incorporated in the British Virgin Islands (“Infosmart BVI”) in 2002, Ms Sze has been overseeing its finance, human resources, accounting, purchasing, and shipping departments ever since. The Company effected a reverse merger with Infosmart BVI on August 16, 2006 and since August 16, 2006 Ms. Sze has been our director, Chief Financial Officer, Treasurer, and Secretary. Ms. Sze received her degree in Business Administration from the British Columbia Institute of Technology in Canada. Ms. Sze is concurrently a director of Eternal Scene International Limited since December 2002 and Prime Corporate Developments Limited since January 2004.

 

Andrew Chung Yuen Chang - Chairman of the Board

Mr. Chang holds a Master of Economics degree from the University of Macquarie, Australia and a Bachelor of Commerce degree from the University of New South Wales, Australia where he majored in accounting. In 1995, he founded Hung Tat International (HK) Ltd. (“Hung Tat”), a telecommunications devices manufacturing business which employs 1,400 workers today and makes yearly revenue of HK$15 million. Hung Tat mostly exports its products to the U.S., and its major customers include Family Dollar, Best Buy, Circuit City, Southern Telecom, and jWIN Electronics. Mr. Chang has been our Chairman of the Board since August 16, 2006. He is concurrently a director of Honor Lustre Ltd. since September 2005, Hung Tat Far East since April 2002, Hung Tat since January 1998, and Health Genius International Ltd. since May 1996.

 

Sebastian Tseng - Regional Director South America

- Oversees Discobras operation in Brazil and sales in South America.

- Previously C.E.O. and V.P., Sales/Purchasing Manager, respectively, at two companies trading in optical dye and optical discs.

- New york Polytechnic University, Master of Science, Chemical Engineering; University of California, San Diego, Bachelor of Science, Chemical Engineering.

 


 

PostSubject
#359   Companies ordinance (chapter 622): operating_line 08/06/16 02:14:51 AM
#358   http://www.guidemehongkong.com/incorporation/company/hong-kong-company-liquidati operating_line 12/06/15 04:00:09 AM
#357   More facts: operating_line 10/14/15 09:47:54 AM
#356   Some facts: operating_line 10/13/15 10:56:16 AM
#355   Disappointing. Fives years since the liquidation process announced operating_line 10/08/15 07:13:12 AM
#354   IFSG revoked: Renee 08/20/14 09:55:17 AM
#353   IFSG SEC Suspension: Renee 06/17/14 09:33:41 AM
#352   +525% IFSG Troy Lando 05/28/14 11:32:48 AM
#351   Waking up some IFSG Troy Lando 05/28/14 11:31:24 AM
#350   IFSG on watch volume and prints on scanner Troy Lando 09/24/13 12:22:36 PM
#349   IFSG - L2 mega thin. 110k @ .0027 MOMOHUNTER 01/17/13 03:33:11 PM
#348   Need to keep an eye on this one. Scrooge-McDuck 01/12/13 08:17:13 PM
#347   Will watch closely, These plays can end up stardugbug 01/11/13 11:03:19 AM
#346   IFSG About To Run Biggly Here~ PPS 01/11/13 10:38:42 AM
#345   WoW, This Could Blow Up To Pennies! PPS 01/04/13 02:53:07 PM
#344   Indeed! Looks like 8-Ks for some reorganization! ROOKIE602 01/04/13 02:52:12 PM
#343   IFSG.....Interesting.......Hmmmmm............. PPS 01/04/13 01:43:43 PM
#342   news coming anyone? staying under radar sameera 02/22/12 05:01:23 PM
#341   VOLUME INCREASING....hmmmm sameera 02/22/12 04:59:05 PM
#340   IFSG wow !! +700.00% hanna_preserve 02/14/12 03:59:02 PM
#339   $42mm asset vs. $22mm liability with 160mm O/S? neoboarder 03/23/11 05:31:48 PM
#338   all execs have resigned here in the last month. RonnieD 09/22/10 12:36:15 PM
#337   BK filed 6/18 mkinhaw 06/21/10 01:00:35 PM
#336   whats going on here? Oliver3178 06/21/10 10:46:19 AM
#335   Waz UP. bradakus 06/21/10 09:33:37 AM
#334   don`t believe we get some pretty news in javadreams 02/12/10 04:54:09 PM
#333   I'm certainly keeping an eye on it! I TOXX 02/11/10 02:26:12 PM
#332   10K should bring some new eyes here. kuwlness 02/11/10 02:23:07 PM
#331   10-K should be out in the next few TOXX 02/11/10 02:15:53 PM
#330   It won't take much to move here... TOXX 02/08/10 09:33:18 AM
#329   Need to keep this bad boy above .02 TOXX 01/20/10 09:39:27 AM
#328   IFSG 18% positive move this morning out of Rick-UK 01/13/10 10:30:17 AM
#327   Say what? TOXX 01/12/10 01:11:25 PM
#326   IFSG website was last updated in 2006, no blu-ray foozen 01/12/10 11:21:33 AM
#325   Blatantly undervalued here. This selling is a head scratcher. TOXX 01/12/10 10:53:10 AM
#324   Same here, missed the dip to .02. Now kuwlness 01/11/10 10:37:52 AM
#323   Trying to free up funds as we speak. TOXX 01/11/10 10:37:14 AM
#322   Time to load up on the cheap kuwlness 01/11/10 10:35:11 AM
#321   Deliberate 25k and 50k bid whacks. Come on..... TOXX 01/11/10 10:28:57 AM
#320   whack whack whack.... TOXX 01/11/10 10:16:22 AM
#319   Wonder why they jumped ship? TOXX 01/08/10 07:49:56 PM
#318   anybody noticed this... one for four. must be javadreams 01/08/10 06:05:41 PM
#317   Nice ascending triangle break-out. Could go big here kuwlness 01/07/10 12:25:25 PM
#316   images.investorshub.advfn.com/images/uploads/2010/1/7/hrvtcifsg_(Medium). THE GREEN REAPER 01/07/10 12:05:47 PM
#315   Looks very possible, chart is setting up for kuwlness 01/07/10 11:41:13 AM
#314   Past .04 by next Friday? fa123 01/07/10 11:39:37 AM
#313   IFSG continues to be accumulated. Bit by bit!!!! vantillian 01/06/10 07:43:15 PM
#312   Sweet. Seems ARCA is always around before a TOXX 01/06/10 03:13:02 PM
#311   I kept upping my bid, and ARCA kept kuwlness 01/06/10 03:12:02 PM
#310   The spread tightened up... I think something is TOXX 01/06/10 03:10:26 PM
PostSubject