SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.
Date of Report (Date of Earliest event
reported):
May 14, 1997
UNITED TEXTILES & TOYS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware O-21178 13-3626613
State of Commission File IRS Employer
Incorporation Number Identification No
448 West 16th Street
New York, New York 10011
Address of principal executive offices
Registrant's telephone number, including area code (212) 391-2272
N/A
(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN THE REGISTRANT'S CERTIFYING ACCOUNTANT.
On May 14, 1997, the Registrant and Lazar, Levine & Company LLP
mutually agreed that Lazar, Levine & Company LLP would no longer be the
Registrant's auditors. The resignation of Lazar, Levine & Company LLP was not
due to any discrepancies or disagreements between the Company and Lazar, Levine
& Company LLP on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure as there were no such
discrepancies or disagreements.
There were no disagreements on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure during
the two fiscal years ended March 31, 1996 and 1995 through the date of
resignation, May 14, 1997. The Registrant's board of directors approved the
acceptance of the accountant's resignation.
Annexed hereto is the required letter from Lazar, Levine & Company LLP,
that the accounting firm agrees with the statements made herein.
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Exhibits
16.01 Letter from Lazar, Levine & Company LLP, dated May 15, 1997 16.02 Letter
from Lazar, Levine & Company LLP, dated May 15, 1997
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SIGNATURES
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 this 4th day of June, 1997.
United Textiles & Toys Corporation
By: \s\ Ilan Arbel
Ilan Arbel
President
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Exhibit 16.02
Lazar, Levine & Company LLP
Certified Public Accountants
May 15, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: United Textiles & Toys Corporation
Formerly Mister Jay Fashions International, Inc.
File Ref. No. 0-21178
Dear Madam or Sir:
We were previously the principal auditors for United Textile & Toys
Corporation, formerly Mister Jay Fashions International, Inc. (the "Company"),
and under date of June 18, 1996, we reported on the consolidated financial
statements of the Company and its subsidiaries as of and for the years ended
March 31, 1996 and 1995.
On May 14, 1997, we resigned as principal auditors. We have read the
Company's statements included in Item 4 of its Form 8-K/A dated May 14, 1997,
and we agree with such statements.
Very truly yours,
/s/ Lazar, Levine & Company LLP
LAZAR, LEVINE & COMPANY LLP
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