Schedule 13D Page 1 of 4
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
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OMB Number: 3235-0145
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Expires: December 31, 2005
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Estimated average burden
hours per response 11
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Grand Toys International, Inc.
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(Name of Issuer)
Common Stock, par value $0.001 per share
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(Title of Class of Securities)
3864922010
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(CUSIP Number)
Mr. Ofer Nissim, 65 High Ridge Road, Suite 500, Stamford,
Connecticut 06905; (831) 588-0314
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 27, 2002
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
*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
disclosures provided in a prior cover page.
The information required on 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 ("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).
Schedule 13D Page 2 of 4
CUSIP No. 3864922010
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
Knox Security Engineering Corporation (06-1251418)
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions) 00
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
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6. Citizenship or Place of Organization Connecticut
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Number of Shares 7. Sole Voting Power 0
Beneficially Owned ---------------------------------------------------------
by Each Reporting
Person With 8. Shared Voting Power 300,000
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9. Sole Dispositive Power 0
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10. Shared Dispositive Power 300,000
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
300,000
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13. Percent of Class Represented by Amount in Row (11) 19.64%
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14. Type of Reporting Person (See Instructions)
CO
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Schedule 13D Page 3 of 4
CUSIP No. 3864922010
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
Ofer Nissim
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
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6. Citizenship or Place of Organization Israel
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Number of Shares 7. Sole Voting Power 0
Beneficially Owned ---------------------------------------------------------
by Each Reporting
Person With 8. Shared Voting Power 300,000
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9. Sole Dispositive Power 0
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10. Shared Dispositive Power 300,000
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
300,000
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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13. Percent of Class Represented by Amount in Row (11) 19.64%
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14. Type of Reporting Person (See Instructions)
IN
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Schedule 13D Page 4 of 4
Item 1. Security and Issuer
The name of the issuer is Grand Toys International, Inc.("Grand"), a Nevada
corporation, which has its principal executive offices at 1710 Route
Transcanadienne, Dorval, Quebec, Canada, H9P 1H7. This statement relates to
Grand's Common Stock, $0.001 par value per share ("Common Stock").
Item 2. Identity and Background
This Schedule 13D is being filed by Knox Security Engineering Corporation
("Knox"), a Connecticut corporation, with its principal business address at 65
High Ridge Road, Suite 500, Stamford, Connecticut 06905, and Ofer Nissim, a
resident of the State of New York with a business address at 65 High Ridge Road,
Suite 500, Stamford, Connecticut 06905. Knox is in the business of high-tech
research and development. Knox is wholly owned by Ofer Nissim and he is the
President, Secretary and Treasurer and sole director of Knox. Ofer Nissim is a
citizen of Israel and a permanent resident of the United States of America.
Within the past five years, neither Knox nor Ofer Nissim has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) nor
been subject to a judgment, decree or final order enjoining future violations
or, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
On December 30, 1998, Ark Foundation LLC, a Connecticut limited liability
company ("Ark"), entered into an Asset Purchase Agreement (the "Asset Purchase
Agreement") with Great American Acquisition Corp., a Nevada corporation
("GAAC"), predecessor in interest to Grand, pursuant to which Ark agreed to sell
certain of its assets to GAAC. As partial consideration for such assets, Ark
also received 200,000 shares (the "Preferred Shares") of the Series A 5%
Cumulative Convertible Redeemable Preferred Stock, par value $5.00 per share, of
Grand Toys (the "Preferred Stock"). Ark transferred all of the Preferred Shares
to Knox. Knox has since converted all 200,000 of the Preferred Shares into
Common Stock and sold all 200,000 of these shares of Common Stock.
Under the terms of conversion of the Preferred Stock, Knox was owed, in
cash the difference between the $5.00 par value per share of the Preferred Stock
and the price per share of the Common Stock to the extent the price was less
than $5.00. On March 3, 2002, Knox agreed to accept 242,213 shares of Common
Stock, and, on June 27, 2002, agreed to accept an additional 57,787 shares of
Common Stock, in satisfaction of cash owed under the terms of the Preferred
Stock.
Item 4. Purpose of Transaction
Knox acquired the 300,000 common shares as payment in lieu of a cash
payment due to Knox by the terms of the Preferred Stock. The purpose of the
acquisition of the shares of Common Stock referred to herein is solely for
investment. There is no intention other than to hold the shares for investment
and/or sell the shares, as permitted by law.
(a)-(j) None.
Item 5. Interest in Securities of the Issuer
(a) Knox is the beneficial owner of 300,000 shares of Grand's
Common Stock, representing approximately 19.64% of the
outstanding shares of Grand's Common Stock. As the sole owner
of Knox, Ofer Nissim is a beneficial owner of the Knox shares.
(b) Each of Knox and Ofer Nissim are deemed to share the power to
vote and dispose of the Knox Shares.
(c) None.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
Not Applicable.
Item 7. Material to Be Filed as Exhibits
Not Applicable.
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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.
June 17, 2003
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Date
/s/ Ofer Nissim
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Signature
Ofer Nissim / President
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Name/Title
/s/ Ofer Nissim
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Signature
Ofer Nissim
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Name
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