<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
CORRECTED
Koor Industries Ltd ---------
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of class of securities)
500507108
- --------------------------------------------------------------------------------
(CUSIP number)
Check the following box if a fee is being paid with this statement [ ] (A
fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the
class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7).
The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the notes).
<PAGE> 2
CUSIP No. 500507108 13G Page 2 of 6 Pages
--------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley Group Inc.
IRS # 13-283-8891
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
-----------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY See response to Item 4, page 4.
-----------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -----------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
See response to Item 4, page 4.
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See response to Item 4, page 4.
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
See response to Item 4, page 4.
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT !
<PAGE> 3
CUSIP No. 500507108 13G Page 3 of 6 Pages
Item 1 (a) Name of Issuer
- ----------- ----------------
Koor Industries Ltd
Item 1 (b) Address of issuer's principal executive offices
- ----------- ----------------------------------------------------
8 Shaul Hamelekh Boulevard
61332 Tel-Aviv
Israel
Item 2 (a) Name of person filing
- ---------- ---------------------------
Morgan Stanley Group Inc.
Item 2 (b) Principal business office
- ---------- ---------------------------
1585 Broadway
New York, New York 10036
Item 2 (c) Citizenship
- ---------- ----------------
Incorporated by reference to Item 4 of the cover
page.
Item 2 (d) Title of class of Securities
- ---------- --------------------------------
Common Stock
Item 2 (e) Cusip No.
- ---------- ----------------
500507108
Item 3 Morgan Stanley Group Inc. is (e) an Investment
- ---------- Adviser registered under section 203 of the
Investment Advisers Act of 1940.
Item 4 Ownership
- --------- ----------------
On February 11, 1997, as a result of an error in
calculating the conversion of American Depositary
Receipts into Common Stock, a Schedule 13G was filed
on behalf of the reporting person indicating that
as of December 30, 1996, the reporting person held
8.77 percent of the issuer's Common Stock. Using
the correct conversion factor, as of that date the
reporting person held 1.75 percent of the Common
Stock of the issuer.
<PAGE> 4
CUSIP No. 500507108 13G Page 4 of 6 Pages
Item 5 Ownership of 5 Percent or Less of a Class
- --------- -------------------------------------------------
See Item 4.
Item 6 Ownership of More than 5 Percent on Behalf of
- --------- -----------------------------------------------------
Another Person
---------------
Inapplicable, see Item 4.
Item 7 Identification and Classification of the Subsidiary
- --------- --------------------------------------------------------
Which Acquired the Security Being Reported on By the
--------------------------------------------------------
Parent Holding Company
----------------------
Inapplicable
Item 8 Identification and Classification of Members of the
---------------------------------------------------------
Group
-----
Inapplicable
Item 9 Notice of Dissolution of Group
- --------- ----------------------------------
Inapplicable
Item 10 Certification
- ---------- -------------
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a
participant in any transaction having such purpose or
effect.
<PAGE> 5
- -------------------- -------------------
CUSIP No. 500507108 13G Page 5 of 6 Pages
- -------------------- -------------------
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in
this statement is true, complete and correct.
Date : March 12, 1997
Signature : /s/ EDWARD J. JOHNSEN
-----------------------------------------------------------
Name/Title : Edward J. Johnsen/Vice-President Morgan Stanley & Co.
Incorporated
-----------------------------------------------------------
MORGAN STANLEY GROUP INC.
<TABLE>
<CAPTION>
INDEX TO EXHIBITS PAGE
---------------------------- ---------
<S> <C> <C> <C>
EXHIBIT 1 Secretary's Certificate Authorizing Edward J. Johnsen 6
- --------- to Sign on Behalf of Morgan Stanley Group Inc.
</TABLE>
<PAGE> 1
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Page 6 of 6 Pages
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EXHIBIT 1
MORGAN STANLEY
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant
Secretary of Morgan Stanley Group Inc., a corporation organized and existing
under the laws of the State of Delaware (the "Corporation"), certify that the
following resolutions were duly and validly adopted by a Consent in Lieu of a
Meeting of the Executive Committee of the Board of Directors of the Corporation
dated as of October 19, 1995 and that such resolutions are in full force and
effect on the date hereof:
RESOLVED, that the resolutions adopted on September 8, 1993
and April 17, 1995 relating to signatories to certain reports to be
filed with the Securities and Exchange Commission (the "SEC") are
superseded in their entirety by these resolutions and Stuart J. M.
Breslow, Robert G. Koppenol and Edward J. Johnsen are severally
authorized and directed to sign on behalf of the Corporation any
reports to be filed under Section 13 and Section 16 of the Securities
Exchange Act of 1934, as amended, and the rules and regulations
thereunder, with the Securities and Exchange Commission, such
authorizations to cease automatically upon termination of employment
with any affiliate of the Corporation; and
RESOLVED FURTHER, that all actions heretofore taken by Stuart
J. M. Breslow, Robert G. Koppenol and Edward J. Johnsen that are within
the authority conferred by the foregoing resolution are approved,
ratified and confirmed in all respects.
RESOLVED, that any and all actions to be taken, caused to be
taken or heretofore taken by any officer of the Corporation in
executing any and all documents, agreements and instruments and in
taking any and all steps (including the payment of all expenses) deemed
by such officer as necessary or desirable to carry out the intents and
purposes of the foregoing resolutions are authorized, ratified and
confirmed.
IN WITNESS WHEREOF, I have hereunto set my name and affixed
the seal of the Corporation as of the 20th day of October, 1995:
/S/ Charlene R. Herzer
------------------------------------
CHARLENE R. HERZER
ASSISTANT SECRETARY
[SEAL]
