MICHIGAN RIVET CORP
10-Q/A, 1995-07-28
BOLTS, NUTS, SCREWS, RIVETS & WASHERS
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<PAGE>   1
                                UNITED STATES

                      SECURITIES AND EXCHANGE COMMISSION

                           Washington, D. C.  20549

                              FORM 10-Q/A No. 1


                   QUARTERLY REPORT UNDER SECTION 13 OF THE

                       SECURITIES EXCHANGE ACT OF 1934


FOR QUARTER ENDED APRIL 30, 1995

COMMISSION FILE NUMBER: 0-6056

                          MICHIGAN RIVET CORPORATION
     -------------------------------------------------------------------
            (exact name of registrant as specified in its charter)

         Michigan                                       38-1887153
- ------------------------------           --------------------------------------
   (State of Incorporation)               (I.R.S. Employer Identification No.)

                    13201 Stephens Road; Warren, MI  48089
                 --------------------------------------------
                   (Address of Principal Executive Offices)


Registrant's telephone number, including area code:  (810) 754-5100

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                             Yes   XX         No
                                 -------         ------

There were 638,525 outstanding shares of the registrant's common stock, $1.00
par value, as of April 30, 1995, close of the period covered by this report.

                                      1
<PAGE>   2
PART II.  OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

No reports on Form 8-K were filed during the quarter ended April 30, 1995.

                                  SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto, duly authorized.

Michigan Rivet Corporation


By William P. Lianos
   -----------------------
   William P. Lianos

   Executive Vice President and Treasurer
   (Principal Financial & Accounting Officer)


Date  7-27-95



                                      9
<PAGE>   3
                                EXHIBIT INDEX

EXHIBIT NO.     DESCRIPTION                                     PAGE NO.
- -----------     -----------                                     --------

EXHIBIT 27      Financial Data Schedule



<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-START>                             NOV-01-1994
<PERIOD-END>                               APR-30-1995
<EXCHANGE-RATE>                                      1
<CASH>                                         709,949
<SECURITIES>                                         0
<RECEIVABLES>                                6,435,222
<ALLOWANCES>                                    50,000
<INVENTORY>                                  4,757,246
<CURRENT-ASSETS>                            13,262,660
<PP&E>                                      22,700,041
<DEPRECIATION>                              14,038,730
<TOTAL-ASSETS>                              21,932,996
<CURRENT-LIABILITIES>                        8,131,429
<BONDS>                                      4,194,790
<COMMON>                                       638,525
                                0
                                          0
<OTHER-SE>                                   6,193,852
<TOTAL-LIABILITY-AND-EQUITY>                21,932,996
<SALES>                                     20,374,635
<TOTAL-REVENUES>                            20,374,635
<CGS>                                       17,989,592
<TOTAL-COSTS>                               17,989,592
<OTHER-EXPENSES>                             1,620,836
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             365,901
<INCOME-PRETAX>                                398,306
<INCOME-TAX>                                   135,000
<INCOME-CONTINUING>                            263,306
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                752,394
<CHANGES>                                            0
<NET-INCOME>                                 1,015,700
<EPS-PRIMARY>                                     1.59
<EPS-DILUTED>                                     1.59
        

</TABLE>


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