Item 4. Changes in Registrant's Certifying Accountant
a. Ernst & Young LLP was previously the principal auditors
for the Unimar Company. On November 15, 1995, that
firm's appointment as principal auditors was terminated
and KPMG Peat Marwick LLP was engaged as principal
auditors. The decision to change auditors was approved
by the Unimar Company's Management Board.
b. In connection with the audits of each of the two years
ended December 31, 1994, and in the subsequent interim
period through November 15, 1995, there were no
disagreements with Ernst & Young LLP on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedures, which
disagreements if not resolved to their satisfaction would
have caused them to make reference in connection with
their opinion to the subject matter of the disagreement.
c. The audit reports of Ernst & Young LLP on the
consolidated financial statements of the Unimar Company
and subsidiaries as of and for the years ended December
31, 1994 and 1993, did not contain any adverse opinion or
disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope, or accounting
principles. A letter from Ernst & Young LLP is attached
as Exhibit (16)-1.
Item 7. Financial Statements and Exhibits
Attached hereto as Exhibit (16)-1 is a letter from Ernst
& Young LLP to the Securities and Exchange Commission,
dated November 15, 1995.
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 hereunto duly authorized.
UNIMAR COMPANY
By: /S/ GEORGE W. BERKO
George W. Berko
Member of the Management
Board
(principal financial officer
and the officer duly
authorized to sign on behalf
of the registrant.)
DATE: November 15, 1995
November 15, 1995
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K/A AMENDMENT 1 dated November 15,
1995 of Unimar Company and are in agreement with the statements
contained in the three paragraphs therein.
ERNST & YOUNG LLP
