Securities and Exchange Commission
Washington, D.C. 20549
Form 10K
Annual Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
For the fiscal year ended February 29, 1996
Commission File No. 1-9542
TECHKNITS, INC.
(Exact Name of Company as specified in its Charter)
New York 11-2343548
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
10 Grand Avenue, Brooklyn, New York 11205
(Address of Principal Executive Offices)
The Company's telephone number including area code: (718) 875-3299
Securities Registered Pursuant to Section 12(b) of the Act: None
Securities Registered Pursuant to Section 12(g) of the Act:
Title of Each Class Name of each exchange on which registered
Common Stock NASDAQ
(Par Value $.003 per Share)
Indicate by check mark whether the Company (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 requirement for the past 90 days. Yes X No
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [ ]
<PAGE>
This amendment is being failed to include the Financial Data Schedule (EX-27)
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, in the
City of New York, State of New York, on the 31st day of May 1996.
TECHKNITS, INC.
Registrant
Simon Taub
Simon Taub
Chairman of the Board
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C>
<PERIOD-TYPE> YEAR YEAR
<FISCAL-YEAR-END> FEB-29-1996 FEB-28-1996
<PERIOD-END> FEB-29-1996 FEB-28-1996
<CASH> 2,704,292 2,552,480
<SECURITIES> 0 0
<RECEIVABLES> 1,203,563 318,227
<ALLOWANCES> 24,388 14,548
<INVENTORY> 4,833,332 4,804,838
<CURRENT-ASSETS> 9,035,707 7,935,826
<PP&E> 8,575,823 8,305,505
<DEPRECIATION> 4,628,848 4,028,078
<TOTAL-ASSETS> 13,976,683 12,586,910
<CURRENT-LIABILITIES> 4,195,525 3,380,341
<BONDS> 0 0
0 0
0 0
<COMMON> 5,700 5,700
<OTHER-SE> 7,596,980 7,651,806
<TOTAL-LIABILITY-AND-EQUITY> 13,197,683 12,586,910
<SALES> 14,191,292 19,307,010
<TOTAL-REVENUES> 14,191,292 19,307,010
<CGS> 12,096,245 16,465,146
<TOTAL-COSTS> 12,096,245 16,465,146
<OTHER-EXPENSES> 1,602,947 2,111,089
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 359,972 419,013
<INCOME-PRETAX> 132,128 311,762
<INCOME-TAX> 47,921 135,837
<INCOME-CONTINUING> 84,207 175,925
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 84,207 175,925
<EPS-PRIMARY> .05 .10
<EPS-DILUTED> .05 .10
</TABLE>
