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                                  FORM 10-K/A-1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

(MARK  ONE)

[X]             ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000

                                       OR

[ ]               TRANSACTION REPORT PURSUANT TO SECTION 13 OR
                  15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
                     FOR THE TRANSITION PERIOD FROM      TO

                         COMMISSION FILE NUMBER: 811-854

                               IIC INDUSTRIES INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


DELAWARE                                                 13-5675984
(STATE OR OTHER JURISDICTION OF                          (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION)                           IDENTIFICATION NO.)


                               171 MADISON AVENUE
                            NEW YORK, NEW YORK 10016
          (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)


       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (212) 889-7201
        SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT: NONE



TITLE OF EACH CLASS                    NAME OF EACH EXCHANGE ON WHICH REGISTERED
-------------------                    -----------------------------------------
      N/A                                                  N/A

           SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:

                          COMMON STOCK, $0.25 PAR VALUE
                          -----------------------------
                                (TITLE OF CLASS)


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     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 [ ].

     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. [ X ]

The purpose of this amendment is to include the predecessor auditor `s Report of
Independent Certified Public Accountants, which is attached.








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               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

The Board of Directors and Stockholders
IIC Industries, Inc.

We have audited the accompanying statements of income, stockholders' equity and
cash flows of IIC Industries, Inc. for the year ended December 31, 1998. These
financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audit.

We conducted our audit in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the statements of
income, stockholders' equity and cash flows are free of material misstatement.
An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the statements of income, stockholders' equity and cash
flows. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
presentation of the results of operations. We believe that our audit of the
statements of income, stockholders' equity and cash flows provides a reasonable
basis for our opinion.

In our opinion, the statements of income, stockholders' equity and cash flows
referred to above present fairly, in all material respects, the results of
operations of IIC Industries, Inc. for the year ended December 31, 1998, in
conformity with accounting principles generally accepted in the United States of
America.

We have also audited Schedule II of IIC Industries, Inc. and Subsidiaries for
the year ended December 31, 1998. In our opinion, this schedule presents fairly,
in all material respects, the information required to be set forth therein.



/s/ GRANT THORNTON LLP
Melville, New York
March 25, 1999


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                                   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.

Dated:   April 19, 2001

                                         IIC Industries Inc.

                                         By: /s/ Sir Bernard Schreier
                                                 --------------------
                                         Sir Bernard Schreier, Chairman
                                            of the Board and President
                                            (Principal Executive Officer)

         Pursuant to the requirements of the Securities Exchange Act of 1934,
this Report has been signed below by the following persons in the capacities and
on the dates indicated.


SIGNATURE                                   TITLE                     DATE
---------                                   -----                     ----


/s/ Sir Bernard Schreier            Chairman of the Board,        April 19, 2001
--------------------------------    President and Director
Sir Bernard Schreier                (Principal Executive
                                    Officer)

/s/ John E. Smith                   Director (Principal           April 19, 2001
--------------------------------    Financial Officer and
John E. Smith                       Chief  Accounting Officer)