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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of October 1999
PEAK INTERNATIONAL LIMITED
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(Exact Name of Registrant)
Units 3, 4, 5 and 7, 37/th/ Floor, Cable
TV Tower, 9 Hoi Shing Road, Tsuen
Wan N.T., Hong Kong
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(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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On July 29, 1999, Peak International Limited, a Bermuda corporation,
("We" or the "Company"), filed a Form 6-K covering the first quarter of its
fiscal year 2000, the quarter ended June 30, 1999. The Form 6-K reported, among
other things, an unaudited consolidated balance sheet for March 31, 1999 and
June 30, 1999. Since then, we have made various post balance sheet event
adjustments to the March 31, 1999 balance sheet figures originally reported in
the Form 6-K. These are reflected in our 1999 Annual Report on Form 20-K
(the"Annual Report") with the Securities and Exchange Commission, filed
September 23, 1999, which includes an updated balance sheet for the Company's
1999 fiscal year ending on March 31, 1999, incorporating the various post
balance sheet event adjustments. Consequently, the June 30, 1999 balance sheet
figures originally stated in the Form 6-K, dated July 29, 1999, need to be
updated. Attached as Exhibit 99.1 to this filing is a revised consolidated
balance sheet for the quarter ended June 30, 1999, which replaces the balance
sheet for that date filed as an exhibit to the Form 6-K filing on July 29, 1999.
The Company files the following exhibit as part of this Report:
Exhibit 99.1 Copy of a revised consolidated balance sheet for June
30, 1999.
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Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
PEAK INTERNATIONAL LIMITED
Date: October 18, 1999 By: /s/ Calvin L. Reed
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Calvin L. Reed
President and Chief Executive Officer
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EXHIBIT 99.1
PEAK INTERNATIONAL LIMITED
CONSOLIDATED BALANCE SHEET
ASSETS June 30, 1999 March 31, 1999
(in thousands) (unaudited) (audited)
Current assets:
Cash & cash equivalents $14,245 $10,598
Accounts receivable-net 11,995 11,828
Inventory-net 25,396 26,469
Other current assets 921 1,241
Total Current Assets 52,557 50,136
Property, plant and
equipment-net 46,400 43,517
TOTALS $98,957 $93,653
LIABILITIES AND
STOCKHOLDERS' EQUITY
Current Liabilities:
Bank borrowings 261 0
Accounts payable and accruals 7,666 6,624
Taxation 4,071 3,805
Total Current Liabilities 11,998 10,429
LT Provision 647 647
Deferred income taxes 1,586 1,607
Total Liabilities 14,231 12,683
Stockholders' Equity:
Share capital 135 135
Additional paid-in capital 34,645 34,620
Retained earnings 50,696 46,954
Cumulative translation
adjustment (750) (739)
Total stockholders' equity 84,726 80,970
TOTALS $98,957 $93,653
