ASA INTERNATIONAL LTD
10-K/A, 1996-04-02
COMPUTER INTEGRATED SYSTEMS DESIGN
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<PAGE>   1

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                            ----------------------
                                  FORM 10-KA
                              (Amendment No. 1)


               Annual Report Pursuant to Section 13 or 15(d) of
                     the Securities Exchange Act of 1934

For the fiscal year ended                        Commission file number:
December 31, 1995                                0-14741
- -------------------------                        ----------------------

                            ASA INTERNATIONAL LTD
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)

          Delaware                                    02-0398205
- -------------------------------                   --------------------
(State or other jurisdiction of                    (I.R.S. Employer
 incorporation or organization)                   Identification No.)

   10 Speen Street, Framingham, MA                       01701
- -----------------------------------------              ----------
 (address of principal executive offices)              (Zip Code)

Registrant's telephone number, including area code: (508) 626-2727
- ------------------------------------------------------------------

Securities registered pursuant to Section 12(b) of the Act:
- ----------------------------------------------------------
Title of each class                                Name of each exchange
- -------------------                                on which registered
                                                   ---------------------
None                                               Not Applicable

Securities registered pursuant to Section 12(g) of the Act:
- -----------------------------------------------------------
                         Common Stock, $.01 par value
                         ----------------------------
                               (Title of Class)

     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 X  No   .
                                             ---   ---
     As of March 22, 1996, 3,787,517 shares of Common Stock, $.01 par value per
share, were outstanding. The aggregate market value, held by non-affiliates, of
shares of the Common Stock, based upon the average of the bid and ask prices for
such stock on that date was approximately $9,241,541.



<PAGE>   2

                                     PART IV

ITEM 14.        

(b)      Exhibit.
         --------
         The following exhibit is filed with Form 10-KA (Amendment No. 1):

23       Consent of BDO Seidman, LLP, independent certified public
         accountants.

<PAGE>   3

                               SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                     ASA INTERNATIONAL LTD.


                                     By /s/ Alfred C. Angelone
                                     -----------------------------------
                                            Chief Executive Officer
<TABLE>
     Pursuant to the requirements of the Securities Exchange Act of 1934, report
has been signed below by the following persons on the dates indicated.
<CAPTION>
Name                            Capacity                 Date
- ----                            --------                 ----
<S>                             <C>                      <C>
/s/ Alfred C. Angelone          Director, Chief          April 1, 1996
- --------------------------      Executive Officer
Alfred C. Angelone              and Treasurer
                                (principal executive
                                officer and principal
                                accounting officer)


/s/ Christopher J. Crane        Director                 April 1, 1996
- --------------------------
Christopher J. Crane


/s/ James P. O'Halloran         Director                 April 1, 1996
- --------------------------
James P. O'Halloran


/s/ Gordon J. Rollert           Director                 April 1, 1996
- --------------------------
Gordon J. Rollert

/s/ William A. Kulok            Director                 April 1, 1996
- --------------------------
William A. Kulok

</TABLE>

                                                                

<PAGE>   1

                                                              Exhibit 23


                   CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS




ASA International Ltd.
Framingham, Massachusetts


        We hereby consent to the incorporation by reference in Registration     
Statement No. 33-14741 of ASA International Ltd. on Form S-8 of our report
dated March 15, 1996 relating to the consolidated financial statements of ASA
International Ltd. appearing in the Company's Annual Report on Form 10-K for
the year ended December 31, 1995.

                                                                              

                                              /s/ BDO Seidman, LLP

                                              BDO Seidman, LLP


Boston, Massachusetts
March 27, 1996



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