SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------------
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FIELD PURSUANT TO RULES 13d-1(b) AND
(c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
ZINDART LIMITED
---------------
(Name of Issuer)
AMERICAN DEPOSITARY RECEIPTS
----------------------------
(Title of Class of Securities)
989597109
---------
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934, as amended ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however, see
the Notes.)
*SEE INSTRUCTIONS BEFORE FILLING OUT!
NYFS11...:\95\78595\0008\1860\SCH3038U.520
<PAGE>
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CUSIP No. 989597109 13G Page 2 of 9 Pages
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- -----------------------------------------------------------------------
| 1 | NAME OF REPORTING PERSONS |
| | I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) |
| | |
| | U.S. Industries, Inc. |
| | |
- -----------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| | ----- |
| | (a) | X | |
| | ----- |
| | ----- |
| | (b) | | |
| | ----- |
- -----------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
| | |
| | |
- -----------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Delaware |
| | |
| | |
- -----------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| NUMBER OF | | 0 |
| SHARES -----------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| OWNED BY | | 500,000 |
| EACH -----------------------------------------------
| REPORTING | 7 | SOLE DISPOSITIVE POWER |
| PERSON | | 0 |
| WITH -----------------------------------------------
| | 8 | SHARED DISPOSITIVE POWER |
| | | 500,000 |
- -----------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 500,000 |
| | |
| | |
- -----------------------------------------------------------------------
|10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES |
| | ---- |
| | | | |
| | ---- |
- -----------------------------------------------------------------------
|11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 7.4% |
| | |
- -----------------------------------------------------------------------
|12 | TYPE OF REPORTING PERSON |
| | |
| | CO |
- -----------------------------------------------------------------------
<PAGE>
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CUSIP No. 989597109 13G Page 3 of 9 Pages
================================================================================
- -----------------------------------------------------------------------
| 1 | NAME OF REPORTING PERSONS |
| | I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) |
| | |
| | USI American Holdings, Inc. |
| | |
- -----------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| | ----- |
| | (a) | X | |
| | ----- |
| | ----- |
| | (b) | | |
| | ----- |
- -----------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- -----------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Delaware |
| | |
| | |
- -----------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| NUMBER OF | | 0 |
| SHARES -----------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| OWNED BY | | 500,000 |
| EACH -----------------------------------------------
| REPORTING | 7 | SOLE DISPOSITIVE POWER |
| PERSON | | 0 |
| WITH -----------------------------------------------
| | 8 | SHARED DISPOSITIVE POWER |
| | | 500,000 |
- -----------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 500,000 |
| | |
| | |
- -----------------------------------------------------------------------
|10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES |
| | ---- |
| | | | |
| | ---- |
- -----------------------------------------------------------------------
|11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 7.4% |
| | |
- -----------------------------------------------------------------------
|12 | TYPE OF REPORTING PERSON |
| | |
| | CO |
- -----------------------------------------------------------------------
<PAGE>
================================================================================
CUSIP No. 989597109 13G Page 4 of 9 Pages
================================================================================
- -----------------------------------------------------------------------
| 1 | NAME OF REPORTING PERSONS |
| | I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) |
| | |
| | USI Mayfair Limited |
| | |
- -----------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| | ----- |
| | (a) | X | |
| | ----- |
| | ----- |
| | (b) | | |
| | ----- |
- -----------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- -----------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | England and Wales |
| | |
- -----------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| NUMBER OF | | 0 |
| SHARES -----------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| OWNED BY | | 500,000 |
| EACH -----------------------------------------------
| REPORTING | 7 | SOLE DISPOSITIVE POWER |
| PERSON | | 0 |
| WITH -----------------------------------------------
| | 8 | SHARED DISPOSITIVE POWER |
| | | 500,000 |
- -----------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 500,000 |
| | |
- -----------------------------------------------------------------------
|10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES |
| | |
| | ---- |
| | | | |
| | ---- |
- -----------------------------------------------------------------------
|11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 7.4% |
| | |
- -----------------------------------------------------------------------
|12 | TYPE OF REPORTING PERSON |
| | |
| | CO |
- -----------------------------------------------------------------------
<PAGE>
================================================================================
CUSIP No. 989597109 13G Page 5 of 9 Pages
================================================================================
- -----------------------------------------------------------------------
| 1 | NAME OF REPORTING PERSONS |
| | I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) |
| | |
| | USI Overseas Limited |
| | |
- -----------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| | ----- |
| | (a) | X | |
| | ----- |
| | ----- |
| | (b) | | |
| | ----- |
- -----------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- -----------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | England and Wales |
| | |
- -----------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| NUMBER OF | | 0 |
| SHARES -----------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| OWNED BY | | 500,000 |
| EACH -----------------------------------------------
| REPORTING | 7 | SOLE DISPOSITIVE POWER |
| PERSON | | 0 |
| WITH -----------------------------------------------
| | 8 | SHARED DISPOSITIVE POWER |
| | | 500,000 |
- -----------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 500,000 |
| | |
| | |
- -----------------------------------------------------------------------
|10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES |
| | ---- |
| | | | |
| | ---- |
| | |
- -----------------------------------------------------------------------
|11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 7.4% |
| | |
| | |
- -----------------------------------------------------------------------
|12 | TYPE OF REPORTING PERSON |
| | |
| | CO |
- -----------------------------------------------------------------------
<PAGE>
================================================================================
CUSIP No. 989597109 13G Page 6 of 9 Pages
================================================================================
- -----------------------------------------------------------------------
| 1 | NAME OF REPORTING PERSONS |
| | I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) |
| | |
| | Ertl (Hong Kong) Limited |
| | |
- -----------------------------------------------------------------------
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| | ----- |
| | (a) | X | |
| | ----- |
| | ----- |
| | (b) | | |
| | ----- |
- -----------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- -----------------------------------------------------------------------
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Hong Kong |
| | |
- -----------------------------------------------------------------------
| | 5 | SOLE VOTING POWER |
| NUMBER OF | | 0 |
| SHARES -----------------------------------------------
| BENEFICIALLY | 6 | SHARED VOTING POWER |
| OWNED BY | | 500,000 |
| EACH -----------------------------------------------
| REPORTING | 7 | SOLE DISPOSITIVE POWER |
| PERSON | | 0 |
| WITH -----------------------------------------------
| | 8 | SHARED DISPOSITIVE POWER |
| | | 500,000 |
- -----------------------------------------------------------------------
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 500,000 |
| | |
- -----------------------------------------------------------------------
|10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |
| | CERTAIN SHARES |
| | ---- |
| | | | |
| | ---- |
| | |
- -----------------------------------------------------------------------
|11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
| | |
| | 7.4% |
| | |
- -----------------------------------------------------------------------
|12 | TYPE OF REPORTING PERSON |
| | |
| | CO |
- -----------------------------------------------------------------------
<PAGE>
ITEM 1.
(a) Name of Issuer: Zindart Limited (the "Issuer")
---------------
(b) Address of Issuer's Principal Executive Offices:
------------------------------------------------
Flat C&D, 25/F., Block 1, Tai Ping Industrial Centre, 57,
Ting Kok Road, Tai Po, N.T., Hong Kong
ITEM 2.
(a) Name of Persons Filing: (1) U.S. Industries, Inc.
---------------------- (2) USI American Holdings, Inc.
(3) USI Mayfair Limited
(4) USI Overseas Limited
(5) Ertl (Hong Kong) Limited
(b) Address of Principal Business Office or, if none, Residence:
------------------------------------------------------------
c/o
101 Wood Avenue South, 6th Floor
Iselin, New Jersey 08830-0169
(c) Citizenship: (1) Delaware
------------ (2) Delaware
(3) England and Wales
(4) England and Wales
(5) Hong Kong
(d) Title of Class of Securities: American Depositary Receipts
-----------------------------
(e) CUSIP Number: 989597109
-------------
ITEM 3. If this statement is filed pursuant to Rules 13d- 1(b),
or 13d-2(b), check whether the person filing is a ...
-----------------------------------------------------
Not Applicable
ITEM 4. Ownership
---------
With respect to the amount of Common Stock beneficially owned by each reporting
person, the nature of such beneficial ownership and the related percentages of
the class of Common Stock, the cover page hereto is incorporated by reference
herein.
Page 7 of 9 Pages
<PAGE>
ITEM 5. Ownership of Five Percent or Less of a Class
--------------------------------------------
Not Applicable
ITEM 6. Ownership of More than Five Percent on Behalf of
Another Person
------------------------------------------------
Not Applicable
ITEM 7. Identification and Classification of the
Subsidiary which Acquired the Security Being
Reported on By the Parent Holding Company
---------------------------------------------
The record owner of the Securities is Ertl (Hong Kong) Limited, a wholly-owned
subsidiary of USI Overseas Limited, a wholly-owned subsidiary of USI Mayfair
Limited, a wholly-owned subsidiary of USI American Holdings, Inc., a
wholly-owned subsidiary of U.S.
Industries, Inc.
ITEM 8. Identification and Classification of Members of the Group.
----------------------------------------------------------
Not applicable.
ITEM 9. Notice of Dissolution of Group
------------------------------
Not Applicable
ITEM 10. Certification
-------------
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
Page 8 of 9 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
U.S. INDUSTRIES, INC.
By: /s/ George H. MacLean
----------------------------------
Name: George H. MacLean
Title: Senior Vice President
USI AMERICAN HOLDINGS, INC.
By: /s/ George H. MacLean
----------------------------------
Name: George H. MacLean
Title: Senior Vice President
USI MAYFAIR LIMITED
By: /s/ George H. MacLean
----------------------------------
Name: George H. MacLean
Title: Director
USI OVERSEAS LIMITED
By: /s/ George H. MacLean
----------------------------------
Name: George H. MacLean
Title: Director
ERTL (HONG KONG) LIMITED
By: /s/ George H. MacLean
----------------------------------
Name: George H. MacLean
Title: Director
Date: March 5, 1998
Page 9 of 9 Pages
