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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended September 30, 1998 Commission File Number 0-4539
TRANS-INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 13-2598139
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
2637 S. Adams Road, Rochester Hills, MI 48309
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(Address) (Zip Code)
Registrant's Telephone Number, including Area Code (248) 852-1990
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 and Exchange Act
of 1934 during the preceding 12 months and (2) has been subject to such filing
requirements for the past 90 days. YES X NO
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The number of shares outstanding of registrant's Common stock, par value $.10
per share, at September 30, 1998 was 3,076,789.
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TRANS-INDUSTRIES, INC. AND SUBSIDIARIES
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
For Nine Months Ended September 30, 1998
Year 2000 Compliance
The Company has recognized that, without some modifications and
enhancements, some of its computer software and hardware may not operate
properly after December 31, 1999. The problem stems from the fact that some
computers and software programs, particularly those which are several years old,
only recognize the last two digits of the year when reading the date. Hence, in
the year 2000 it may read the date as 1900, and cause significant malfunctions.
To correct this potential problem, the Company has completed an internal
review of its computer systems and identified all the areas where modifications
and/or upgrades may be required. This process was completed in the first half of
1998.
Fortunately, the Company, as a whole, is not faced with any serious
consequences relating to the year 2000 issue. Both U.K. operations are utilizing
relatively new data processing systems and are already "Year 2000 Compliant".
Likewise, the Company's lighting and dust control operations have installed a
new system over the last year and a half. Testing of the system was completed in
October of 1998 and went live in November 1998, thus eliminating potential year
2000 compliance issues. The balance of the Company's operations utilize the same
software, which consist of eight modules. Three of the eight modules have been
modified to accommodate a four-digit year. Testing has been completed, and they
are already in daily use. One module (payroll) is going to be replaced with new,
more current software during the third quarter of 1999. The balance of the
modules are in the modification stage and are expected to be completed during
the second quarter of 1999.
Additionally, the Company has talked to some of its larger vendors and
received assurances that there will not be any undue disruptions of services or
products due to year 2000 issues.
The Company has estimated the magnitude of costs to accommodate the year
2000 data change to be less than $30,000.00. Because the Company sees little
risk associated with the year 2000 date change, and modifications and
enhancements have progressed so favorably, the Company has not developed a
contingency plan and nor does it intend to.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of l934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TRANS-INDUSTRIES, INC.
Date: February 19, 1999 /s/ Kai Kosanke
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Kai Kosanke, Treasurer
and Chief Financial Officer
Date: February 19, 1999 /s/ Paul Clemo
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Paul Clemo
Assistant Treasurer
