If you were looking for three of the ugliest firms listed on the Hong Kong stock exchange, Win Win International, Yeebo (International Holdings) and Benelux International might be near the top of your short list. The annual accounts to March 31, 1996, of this torrid trio have arrived. Win Win International cut an interesting profile for itself when it was revealed one of the directors took part in an armed $1.3 million robbery of a Tsim Sha Tsui jewellery store in late 1972. It was also revealed another director, who was not involved in the robbery, where large knives were brandished, was found guilty of handling stolen goods linked to the robbery. This led to these two brothers resigning, along with a third, who was chairman of the group but had not committed any offences. A new team is in place at Win Win, a computerised knitting machinery firm, after a takeover. The accounts show the three key executive directors are accountants with North American backgrounds and experience in property development, securities dealing and investment. The loss for the period was $11.4 million. The balance sheet looks clean with net current assets of $77.11 million and total assets less liabilities of $255.5 million. Poor market conditions hurt the group in the financial period, the accounts say. A diversification in business activities is going on, taking in scrap metals, textiles and consumer merchandise. Ventures in China remain unprofitable or at their early stage of development. There is little in the accounts to inspire an investor who is looking for a new strategy to take Win Win out of its current hole. Still the management have a lot of experience and cannot be written off. There is hope for Win Win yet. Yeebo (International Holdings) has accounts where the auditor's letter and qualifications to the accounts run to five pages and are longer than the management's own corporate discussion and analysis. The liquid crystal display maker began to fall apart soon after listing. It said near the listing it wanted to stay on the edge of technological development. Today Yeebo could be on the edge of something more life threatening to the company if it cannot keep its banks happy. The stock was suspended from trading in March when it was revealed the company was due to sue some former executive. The group was already being sued in relation to loans to Kin Son Electronic, whose chairman vanished in China last year. Banks to Yeebo are demanding the company come up with a plan to sort out its loans. The company lost $80.54 million in 1996 and $139 million in 1995. Accounts at Benelux International are also qualified and the company's shares have been suspended since early February. The qualification focuses on the patience of bankers to support the group and further investor funding. A maker of data storage products, Benelux lost $494.9 million, including an exceptional loss of $384.5 million. This sent per share earnings from a gain of 16 cents in 1995 to a loss of $1.70 in 1996. Current liabilities remain at $759 million, with net current liabilities at $542.9 million, leaving the company balance sheet in a deficit of $173.8 million. Factory closures, general operational consolidation and planned expansion of sales in floppy discs are intended to turn the group around. It is too early to say with any certainty whether these measures will be totally effective.