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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB/A
( X ) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 1996
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission File Number: 0-21178
MISTER JAY FASHIONS INTERNATIONAL, INC.
(Exact name of small business issuer as specified in its charter)
Delaware 13-3626613
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
448 West 16th Street, New York, NY 10011
(Address of principal executive offices)
(212) 391-2272
(Issuer's telephone number)
(Former name, former address and former fiscal year,
if changed since last report)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 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
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:
Common Stock, $.01 par value. 9,788,050 shares outstanding as of December
31, 1996
<PAGE>
PART II - OTHER INFORMATION
ITEM 1 - Legal Proceedings:
None
ITEM 2 - Changes in Securities:
None
ITEM 3 - Defaults Upon Senior Securities:
None
ITEM 4 - Submission of Matters to a Vote of Security Holders:
None
ITEM 5 - Other Information:
None
ITEM 6 - Exhibits and Reports on Form 8-K:
27 - Financial Data Schedule
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the Registrant caused
this Report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Date: April 1, 1997 MISTER JAY FASHIONS INTERNATIONAL, INC.
By: /s/ Ilan Arbel
ILAN ARBEL, Chief Executive Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
MISTER JAY FASHIONS INTERNATIONAL, INC., AND SUBSIDIARY
EXHIBIT 27
FINANCIAL DATA SCHEDULE
ARTICLE 5 OF REGULATION S-X
The schedule contains summary financial information extracted from the
consolidated financial statements for the nine months ended December 31, 1996
and is qualified in its entirety by reference to such statements.
</LEGEND>
<CAPTION>
<S> <C>
<PERIOD-TYPE> 9-Mos
<FISCAL-YEAR-END> Mar-31-1997
<PERIOD-START> Apr-01-1996
<PERIOD-END> Dec-31-1996
<CASH> 166,843
<SECURITIES> 0
<RECEIVABLES> 380,605
<ALLOWANCES> 32,013
<INVENTORY> 7,245,136
<CURRENT-ASSETS> 9,076,006
<PP&E> 4,802,454
<DEPRECIATION> 2,789,558
<TOTAL-ASSETS> 12,941,751
<CURRENT-LIABILITIES> 8,174,209
<BONDS> 0
0
0
<COMMON> 97,881
<OTHER-SE> 1,632,578
<TOTAL-LIABILITY-AND-EQUITY> 12,941,751
<SALES> 17,014,944
<TOTAL-REVENUES> 17,014,944
<CGS> 12,405,236
<TOTAL-COSTS> 12,405,236
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 599,897
<INCOME-PRETAX> (2,224,846)
<INCOME-TAX> 0
<INCOME-CONTINUING> (2,224,846)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (2,224,846)
<EPS-PRIMARY> (.46)
<EPS-DILUTED> (.46)
</TABLE>
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