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INDEPENDENT ACCOUNTANTS' REPORT
EXHIBIT 15.1
To the Board of Directors of
Peak International Limited
We have reviewed the accompanying consolidated balance sheet of Peak
International Limited and subsidiaries as of June 30, 2000, and the related
consolidated statements of income and cash flows for the three months then
ended. These financial statements are the responsibility of the Company's
management.
We conducted our review in accordance with standards established by the American
Institute of Certified Public Accountants. A review of interim financial
information consists principally of applying analytical procedures to financial
data and of making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with auditing standards generally accepted in the United States of America, the
objective of which is the expression of an opinion regarding the financial
statements taken as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should
be made to such condensed consolidated financial statements for them to be in
conformity with accounting principles generally accepted in the United States of
America.
We have previously audited, in accordance with auditing standards generally
accepted in the United States of America, the consolidated balance sheet of Peak
International Limited and subsidiaries as of March 31, 2000, and the related
consolidated statements of income, shareholders' equity, and cash flows for the
year then ended (not presented herein); and in our report dated April 28, 2000,
except for Notes 5 and 11(c) to the financial statements, as to which the date
is August 4, 2000, we expressed an unqualified opinion on those financial
statements. In our opinion, the information set forth in the accompanying
condensed consolidated balance sheet as of March 31, 2000 is fairly stated, in
all material respects, in relation to the balance sheet from which it has been
derived.
DELOITTE TOUCHE TOHMATSU
Hong Kong,
August 4, 2000
