<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 FORM 10-Q/A

                               AMENDMENT NO. 1

(Mark One)
    [x]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 1995
                                       OR

    [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the transition period from _____________________ to _______________________

                                    33-93970
                            (Commission File Number)

                         INTERNATIONAL WIRE GROUP, INC.
             (Exact name of Registrant as specified in its charter)

                                    DELAWARE
          (State or other jurisdiction of incorporation organization)

                                   43-1705942
                      (I.R.S. Employer Identification No.)

                             101 SOUTH HANLEY ROAD
                              ST. LOUIS, MO  63105
                                 (314) 719-1000 
         (Address, including zip code, and telephone number, including
            area code, or Registrant's principal executive offices)

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            NO    X    
                               -------       --------

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:
<TABLE>
<CAPTION>
                                                                         Outstanding at
                               Class                                    October 31, 1995
              --------------------------------------                    ----------------
                 <S>                                                            <C>
                 International Wire Group, Inc.
                     Common Stock                                               1,000
</TABLE>
<PAGE>   2
                         INTERNATIONAL WIRE GROUP, INC.
                                     INDEX



<TABLE>
<CAPTION>
                                                                                                               PAGE
                                                                                                               ----
<S>                                                                                                             <C>
PART I.   FINANCIAL INFORMATION

International Wire Group, Inc.

    Consolidated Balance Sheet as of September 30, 1995 . . . . . . . . . . . . . . . . . . . . . . . . . . .    1
    Consolidated Statements of Operations for the three and four months ended
      September 30, 1995  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    2
    Consolidated Statement of Cash Flows for the four months ended September 30, 1995 . . . . . . . . . . . .    3
    Notes to Consolidated Financial Statements  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    4

SIGNATURES  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   14
</TABLE>





                                      (i)
<PAGE>   3
                         INTERNATIONAL WIRE GROUP, INC.
                           CONSOLIDATED BALANCE SHEET
                            AS OF SEPTEMBER 30, 1995
                       (IN THOUSANDS, EXCEPT SHARE DATA)
                                  (UNAUDITED)



<TABLE>
<S>                                                                                                     <C>
                                                          ASSETS
Current assets:
  Cash and cash equivalents   . . . . . . . . . . . . . . . . . . . . . . . . . . . .                   $   (1,049)
  Accounts receivable, less allowance of $870 . . . . . . . . . . . . . . . . . . . .                       63,076
  Inventories   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                       52,626
  Prepaid expenses and other    . . . . . . . . . . . . . . . . . . . . . . . . . . .                        2,754
                                                                                                        ----------
    Total current assets    . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                      117,407
  Property, plant and equipment, net  . . . . . . . . . . . . . . . . . . . . . . . .                       75,649
  Deferred financing costs, net   . . . . . . . . . . . . . . . . . . . . . . . . . .                       17,292
  Intangible assets, net  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                      215,665
  Other assets  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                        6,560
                                                                                                        ----------
    Total assets  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                   $  432,573
                                                                                                        ==========


                                           LIABILITIES AND STOCKHOLDER'S EQUITY

Current liabilities:
  Current maturities of long-term obligations   . . . . . . . . . . . . . . . . . . .                   $    2,115
  Accounts payable  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                       40,350
  Accrued and other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . .                       25,672
  Accrued interest  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                        6,218
  Income taxes payable  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                        5,286
  Deferred taxes  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                        1,076
                                                                                                        ----------
    Total current liabilities   . . . . . . . . . . . . . . . . . . . . . . . . . . .                       80,717
Long-term obligations, less current maturities  . . . . . . . . . . . . . . . . . . .                      333,995
Other long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                       15,479
                                                                                                        ----------
    Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                  430,191
                                                                                                        ----------
Stockholder's equity:
  Common stock, $.01 par value, 1,000 shares issued and outstanding   . . . . . . . .                        -
  Contributed capital   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                       81,191
  Carryover of predecessor basis  . . . . . . . . . . . . . . . . . . . . . . . . . .                      (75,547)
  Accumulated deficit   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                       (3,262)
                                                                                                        ---------- 
    Total stockholder's equity    . . . . . . . . . . . . . . . . . . . . . . . . . .                        2,382
                                                                                                        ----------
    Total liabilities and stockholder's equity    . . . . . . . . . . . . . . . . . .                   $  432,573
                                                                                                        ==========
</TABLE>

        See accompanying notes to the consolidated financial statements





                                       1
<PAGE>   4
                         INTERNATIONAL WIRE GROUP, INC.
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                 (IN THOUSANDS)
                                  (UNAUDITED)



<TABLE>
<CAPTION>
                                                                     Three Months Ended          Four Months Ended
                                                                     September 30, 1995         September 30, 1995
                                                                     ------------------         ------------------
<S>                                                                       <C>                      <C>
Net sales . . . . . . . . . . . . . . . . . . . . . . . .                 $ 105,301                $  141,564
Operating expenses:
  Cost of goods sold  . . . . . . . . . . . . . . . . . .                    83,562                   112,837
  Selling, general and administrative   . . . . . . . . .                     8,433                    10,970
  Depreciation and amortization   . . . . . . . . . . . .                     4,423                     5,897
  Expenses related to plant closing . . . . . . . . . . .                      --                       1,750 
                                                                          ---------                ----------   
Operating income  . . . . . . . . . . . . . . . . . . . .                     8,883                    10,110
Other income (expense):
  Interest expense  . . . . . . . . . . . . . . . . . . .                    (8,285)                  (11,064)
  Amortization of deferred financing costs  . . . . . . .                      (619)                     (864)
  Other, net  . . . . . . . . . . . . . . . . . . . . . .                        10                      (173)
                                                                          ---------                ----------   
Loss before income tax provision  . . . . . . . . . . . .                       (11)                   (1,991)
Income tax provision  . . . . . . . . . . . . . . . . . .                     1,341                     1,271
                                                                          ---------                ----------   
Net loss  . . . . . . . . . . . . . . . . . . . . . . . .                 $  (1,352)               $   (3,262)
                                                                          =========                ========== 
</TABLE>





        See accompanying notes to the consolidated financial statements





                                       2
<PAGE>   5
                         INTERNATIONAL WIRE GROUP, INC.
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                      FOUR MONTHS ENDED SEPTEMBER 30, 1995
                                 (IN THOUSANDS)
                                  (UNAUDITED)


<TABLE>
<S>                                                                                              <C>
Cash flows provided by (used in) operating activities:
  Net loss  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                        $   (3,262)
  Adjustments to reconcile net loss to net cash provided
    by (used in) operating activities:
  Depreciation and amortization   . . . . . . . . . . . . . . . . . . . .                             5,897
  Amortization of deferred financing costs  . . . . . . . . . . . . . . .                               864
  Change in assets and liabilities, net of acquisitions:
    Accounts receivable   . . . . . . . . . . . . . . . . . . . . . . . .                            (3,802)
    Inventories   . . . . . . . . . . . . . . . . . . . . . . . . . . . .                            (3,773)
    Prepaid expenses and other  . . . . . . . . . . . . . . . . . . . . .                              (724)
    Accounts payable  . . . . . . . . . . . . . . . . . . . . . . . . . .                             3,955
    Accrued and other liabilities   . . . . . . . . . . . . . . . . . . .                             1,175 
    Accrued interest  . . . . . . . . . . . . . . . . . . . . . . . . . .                             6,218
    Income taxes payable  . . . . . . . . . . . . . . . . . . . . . . . .                               554
    Other long-term liabilities   . . . . . . . . . . . . . . . . . . . .                               (12)
                                                                                                 ----------         
Net cash from operating activities  . . . . . . . . . . . . . . . . . . .                             7,090
                                                                                                 ----------         
Cash flows provided by (used in) investing activities:
  Acquisitions, net of cash   . . . . . . . . . . . . . . . . . . . . . .                          (341,046)
  Capital expenditures  . . . . . . . . . . . . . . . . . . . . . . . . .                            (3,204)
                                                                                                 ----------         
Net cash from investing activities  . . . . . . . . . . . . . . . . . . .                          (344,250)
                                                                                                 ----------         
Cash flows provided by (used in) financing activities:
  Proceeds from issuance of long-term obligations   . . . . . . . . . . .                           337,500
  Equity proceeds   . . . . . . . . . . . . . . . . . . . . . . . . . . .                            15,188
  Repayment of long-term obligations  . . . . . . . . . . . . . . . . . .                            (2,577)
  Financing fees and other  . . . . . . . . . . . . . . . . . . . . . . .                           (14,000)
                                                                                                 ----------         
Net cash from financing activities  . . . . . . . . . . . . . . . . . . .                           336,111
                                                                                                 ----------         
Net change in cash  . . . . . . . . . . . . . . . . . . . . . . . . . . .                            (1,049)
Cash at inception   . . . . . . . . . . . . . . . . . . . . . . . . . . .                             -     
                                                                                                 ----------         
Cash at end of the period   . . . . . . . . . . . . . . . . . . . . . . .                        $   (1,049)
                                                                                                 ========== 
</TABLE>



        See accompanying notes to the consolidated financial statements





                                       3
<PAGE>   6
                         INTERNATIONAL WIRE GROUP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)



1.  THE COMPANY

    International Wire Group, Inc. ("Group" or the "Company"), a Delaware
    corporation, was formed to participate in the transactions contemplated by
    the Acquisitions (as described below).  On June 12, 1995, Wirekraft
    Holdings Corp.  ("Wirekraft"), Omega Wire Corp. ("Omega"), International
    Wire Holding Company ("Holding"), the sole stockholder of Group, Group,
    Wirekraft Acquisition Company and certain shareholders of Wirekraft and
    Omega entered into a series of acquisitions and mergers (the
    "Acquisitions") pursuant to which Group acquired all of the common equity
    securities (and all securities convertible into such securities) of
    Wirekraft and all of the common equity securities of Omega.  The Company
    has designated June 1, 1995, as the effective date of the Acquisitions for
    financial reporting purposes.  Wirekraft is a manufacturer of insulated
    wire and wire harnesses.  Omega is a manufacturer of non-insulated bare and
    tin-plated copper and cable products.

    The total purchase price of the Acquisitions was approximately $420,591,
    which included the redemption of certain equity securities, the  retirement
    of existing indebtedness of Wirekraft and Omega and the payment of related
    fees and expenses, is summarized as follows:

<TABLE>
         <S>                                                                                       <C>
         Redemption of common stock, equity rights, warrants  . . . . . . . . . . . . .            $104,891
            and options
         Repayment of existing indebtedness . . . . . . . . . . . . . . . . . . . . . .             275,400
         Redemption of preferred stock  . . . . . . . . . . . . . . . . . . . . . . . .              26,300
         Fees and expenses  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              14,000
                                                                                                   --------
                                                                                                   $420,591
                                                                                                   ========
</TABLE>

    The Acquisitions were accounted for using the purchase method of accounting
    whereby the total purchase  price has been preliminary allocated to the
    consolidated assets and liabilities based on their estimated respective
    fair values.  In accordance with EITF 88-16, "Basis in Leveraged Buyout
    Transactions", a portion of the Acquisitions have been accounted for at
    "predecessor basis".  The application of predecessor basis reduced
    stockholder's equity and goodwill by $75,547.  The purchase price
    allocations are still in process.  It is not expected that the final
    allocation of the purchase price will result in a materially different
    allocation than is presented herein.





                                       4
<PAGE>   7
                         INTERNATIONAL WIRE GROUP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)


    The total purchase price including fees and expenses has been preliminarily
    allocated to the acquired net assets as follows:

<TABLE>
         <S>                                                                                       <C>
         Current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .            $110,616
         Property, plant and equipment  . . . . . . . . . . . . . . . . . . . . . . . .              76,508
         Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .             217,398
         Costs and fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              19,000
         Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .               4,900
         Current liabilities  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .             (66,700)
         Other liabilities  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .             (16,678)
         Carryover predecessor basis  . . . . . . . . . . . . . . . . . . . . . . . . .              75,547
                                                                                                   --------
                                                                                                   $420,591
                                                                                                   ========
</TABLE>

2.  SIGNIFICANT ACCOUNTING POLICIES

    Principles of Consolidation

    The consolidated financial statements include the accounts of Group and its
    wholly-owned subsidiaries.  All material intercompany balances and
    transactions have been eliminated in consolidation.

    Revenue Recognition

    Sales and related cost of goods sold are included in income when goods are
    shipped to the customers.

    Inventories

    Inventories are valued at the lower of cost or market.  Cost is determined
    using the last-in, first-out ("LIFO") method.

    Property, Plant and Equipment

    Property, plant and equipment is stated at cost.  Depreciation is
    calculated using the straight-line method.  The average estimated lives
    utilized in calculating depreciation are as follows:  buildings  - 25-40
    years; building improvements  - 15 years; machinery and equipment - 3-11
    years; and furniture and fixtures - 5 years.  Leasehold improvements are
    amortized over the shorter of the term of the respective lease or the life
    of the respective improvement.





                                       5
<PAGE>   8
                         INTERNATIONAL WIRE GROUP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)


    Intangible Assets

    Intangible assets consist principally of goodwill arising from the excess
    of cost over the value of net assets acquired, which is being amortized
    using the straight-line method over forty years.  The Company periodically
    reviews the carrying value and amortization period for goodwill to
    determine whether events and circumstances warrant a reduction in the
    carrying value or amortization period.

    Deferred Financing Costs

    Deferred financing costs, consisting of fees and other expenses associated
    with the debt financing are amortized over the term of the related debt
    using the effective interest method and the straight-line method which
    approximates the effective interest method.

    Income Taxes

    Deferred income taxes are determined using the liability method.

    Fair Value of Financial Instruments

    The fair market value of the financial instruments included in the
    consolidated financial statements approximate the carrying values of the
    financial instruments.

    Statement of Cash Flows

    For purposes of the consolidated statement of cash flows, the Company
    considers all highly liquid investments purchased with maturities of three
    months or less to be cash equivalents.  Interest paid and taxes paid for
    the four months ended September 30, 1995 were $4,846 and $717,
    respectively.

    Unaudited Interim Consolidated Financial Statements

    The unaudited interim consolidated financial statements have been prepared
    in accordance with instructions to Form 10-Q.  A balance sheet as of
    December 31, 1994, however, has not been presented as the Company's
    formation occurred subsequent thereto for the purpose of participating in
    the Acquisitions.  The interim financial statements should be read in
    conjunction with the audited financial statements of its predecessors which
    are available in the Registration Statement on Form S-1 (No. 33-93970) of
    International Wire Group, Inc., as declared effective by the S.E.C. on
    September 29, 1995.  The unaudited interim consolidated financial
    statements reflect all normal recurring adjustments which are, in the
    opinion of management, necessary for a fair presentation of financial
    position and results of operations. The results for the three and four
    months ended September 30, 1995, are not necessarily indicative of the
    results that may be expected for a full fiscal year.





                                       6
<PAGE>   9
                         INTERNATIONAL WIRE GROUP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)


3.  PRO FORMA DATA

    Pro forma data, which show condensed results of operations for the nine
    months ended September 30, 1995 and 1994 as though the Acquisitions and
    related financing had occurred at the beginning of the respective periods,
    is as follows:

<TABLE>
<CAPTION>
                                                               Nine Months Ended          Nine Months Ended
                                                               September 30, 1995         September 30, 1994
                                                               ------------------         ------------------
    <S>                                                         <C>                          <C>
    Net sales   . . . . . . . . . . . . . . . . .               $  350,674                   $  336,437
    Net income (loss)   . . . . . . . . . . . . .               $     (932)                  $    3,254
</TABLE>

4.  INVENTORIES

    The composition of inventories consists of the following:

<TABLE>
         <S>                                                                                         <C>
         Raw materials  . . . . . . . . . . . . . . . . . . . . . . . . . . . .                      $15,381
         Work-in-process  . . . . . . . . . . . . . . . . . . . . . . . . . . .                       19,488
         Finished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . .                       17,757
                                                                                                     -------
           Total inventories  . . . . . . . . . . . . . . . . . . . . . . . . .                      $52,626
                                                                                                     =======
</TABLE>

5.  FINANCING COST AND RELATED PARTY TRANSACTIONS

    In connection with the Acquisitions, the Company incurred aggregate fees
    and expenses of  $14,000.  Costs of $900 related to the Subordinated Notes
    and Credit Agreement (see Note 6) are included in deferred financing costs
    and are being amortized over the terms of the related borrowings.  Costs of
    $900 related to the issuance of Holding's common stock have been deducted
    from the proceeds to reduce the carrying value of the common stock.

    In connection with the Acquisitions and obtaining the related financing, the
    Company entered into a Monitoring and Oversight Agreement ("Agreement") with
    Hicks, Muse & Co. Partners, L.P.  ("Hicks, Muse") (an affiliate of the
    Company) pursuant to which the Company paid Hicks, Muse a cash fee of $3,725
    as compensation for financial advisory services.  The fees have been
    allocated to the debt and equity securities issued in connection with the
    Acquisitions as deferred financing costs or as a deduction from the cash
    proceeds received from the sale of the common stock of Holding.  The
    Agreement further provides that the Company shall pay Hicks, Muse an annual
    fee of $500, for ten years for monitoring and oversight services adjusted
    annually at the end of each fiscal year to an amount equal to .1% of the
    consolidated net sales of the Company, but in no event less than $500
    annually.  The obligations under the Agreement and the related deferred
    financing costs have been recorded in the consolidated balance sheet.





                                       7
<PAGE>   10
                         INTERNATIONAL WIRE GROUP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)

6.  LONG-TERM OBLIGATIONS

    The composition of long-term obligations is as follows:              

<TABLE>
             <S>                                                                                   <C>
             Credit Agreement:
                 Revolving Credit Facility  . . . . . . . . . . . . . . . . . .                    $  21,150
                 Term Facilities  . . . . . . . . . . . . . . . . . . . . . . .                      163,812
             Senior Subordinated Notes  . . . . . . . . . . . . . . . . . . . .                      150,000
             Other  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                        1,148
                                                                                                   --------- 
                 Total  . . . . . . . . . . . . . . . . . . . . . . . . . . . .                      336,110
             Less Current maturities  . . . . . . . . . . . . . . . . . . . . .                       (2,115)
                                                                                                   --------- 
                                                                                                   $ 333,995
                                                                                                   =========
</TABLE>

    The schedule of principal payments for long-term obligations at September
    30, 1995 is as follows:

<TABLE>
             <S>                                                                                   <C>
             1995 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                    $   1,187
             1996 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                       10,625
             1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                       14,500
             1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                       16,500
             1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                       20,375
             Thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . .                      272,923
                                                                                                   --------- 
                 Total  . . . . . . . . . . . . . . . . . . . . . . . . . . . .                      336,110
                                                                                                   =========
</TABLE>

    In connection with the Acquisitions, Group and Holding entered into a
    Credit Agreement (the "Credit Agreement") dated as of June 12, 1995 with
    certain financial institutions.  Borrowings under the Credit Agreement are
    collateralized by first priority mortgages and liens on all of the assets
    of Group.  In addition, borrowings under the Credit Agreement are
    guaranteed by Holding.

    The Credit Agreement consists of a $82,500 term loan (the "Term A Loan"),
    $82,500 term loan (the "Term B Loan" together with the Term A Loan, the
    "Term Facility") and $75,000 revolving credit facility (the "Revolver").
    The Revolver provides that up to $5,000 of such facilities may be used for
    the issuance of letters of credit.  At September 30, 1995, Group had $930
    in outstanding letters of credit.  At September 30, 1995 there was $52,920
    of unused borrowing capacity under the Credit Agreement.  The Credit
    Agreement contains several financial covenants which, among other things,
    require Group to maintain certain financial ratios and restrict Group's
    ability to incur indebtedness, make capital expenditures and pay dividends.
    A commitment fee on the unused portion of the Revolver of .5% is payable
    monthly.





                                       8
<PAGE>   11
                         INTERNATIONAL WIRE GROUP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)


    Mandatory principal payments of the Term Facility are due in quarterly
    installments.  The final installment on the Term A Loan is due on September
    30, 2000 at which time the Revolver is also due.  The final installment on
    the Term B Loan is due on September 30, 2002.  The Credit Agreement
    requires annual prepayments of the Term Loan based on "Excess Cash Flow"
    (as defined in the Credit Agreement).

    Borrowings under the Term A Loan and Revolver bear interest, at the option
    of Group, at a rate per annum equal to (a) the Alternate Base Rate (as
    defined in the Credit Agreement) plus 1.5% or (b) the Eurodollar Rate (as
    defined in the Credit Agreement) plus 2.5%.  Borrowings under the Term B
    Loan bear interest, at the option of Group, at a rate per annum equal to
    (a) the Alternate Base Rate (as defined in the Credit Agreement) plus 2.0%
    or (b) the Eurodollar Rate (as defined in the Credit Agreement) plus 3.0%.
    The Alternate Base Rate and Eurodollar Rate margins are established
    quarterly based on a formula as defined in the Credit Agreement.  Interest
    payment dates vary depending on the interest rate option to which the Term
    Loans and the Revolver are tied, but generally interest is payable
    quarterly.

    The Subordinated Notes due 2005 ("Subordinated Notes") were issued under an
    indenture,  dated June 12, 1995 (the "Indenture") in connection with the
    Acquisitions.  The Subordinated Notes represent unsecured general
    obligations of Group and are subordinated to all Senior Debt (as defined in
    the Indenture) of   Group.  The Subordinated Notes, which were originally
    sold pursuant to an exemption from the registration requirements of the
    Securities Act of 1933, as amended, were exchanged for identical notes
    registered under such Act in November, 1995.

    The Subordinated Notes are fully and unconditionally (as well as jointly
    and severally) guaranteed on an unsecured, senior subordinated basis by
    each subsidiary of the Company (the "Guarantor Subsidiaries") other than
    Electro Componentes de Mexico, S.A. de C.V. and Wirekraft Industries de
    Mexico, S.A. de C.V. (The "Non-Guarantor Subsidiaries").  Each of the
    Guarantor Subsidiaries and Non-Guarantor Subsidiaries is wholly owned by
    the Company.

    The Subordinated Notes mature on June 1, 2005.  Commencing December 1,
    1995, interest on the Subordinated Notes will be payable semi-annually on
    each June 1 and December 1.  The Subordinated Notes bear interest at the
    rate of 11.75% per annum.  The Subordinated Notes may not be redeemed prior
    to June 1, 2000, except in the event of a Change of Control (as defined) or
    Initial Public Offering (as defined).

    The Subordinated Notes restrict, among other things, the incurrence of
    additional indebtedness by the Company, the payment of dividends and other
    distributions in respect of the Company's capital stock, the payment of
    dividends and other distributions by the Company's subsidiaries, the
    creating of liens on the properties and the assets of the Company to secure
    certain subordinated debt and certain mergers, sales of assets and
    transactions with affiliates.

7.  RESTATEMENT OF FINANCIAL INFORMATION 

    The Company has restated its previously issued financial statements for the
    four months ended September 30, 1995 to reflect certain adjustments.  These
    adjustments relate to the recognition of certain costs associated with plant
    closings.  The impact of these adjustments on the Company's results as
    originally reported is summarized below: 


<TABLE>
<CAPTION>
                                                                FOR THE FOUR MONTHS ENDING
                                                                    SEPTEMBER 30, 1995
                                                                --------------------------
                                                                AS REPORTED    AS RESTATED
                                                                -----------    -----------
                                                                   (AMOUNTS IN THOUSANDS)
    <S>                                                            <C>          <C>
    Income (loss) before income taxes........................      $   (241)     $ (1,991)
    Net income (loss)........................................      $ (1,512)     $ (3,262)
    Retained earnings (deficit) .............................      $ (1,512)     $ (3,262)
</TABLE>

    These adjustments are reflected in the Company's accompanying consolidated 
    statements of operations.

8.  PLANT CLOSING EXPENSE

    The plant closing costs relate to consolidating harness segment facilities 
    and include provisions for certain shut-down and severance related costs.  
    A summary of activity related to plant closing is as follows:

<TABLE>
<CAPTION>
                                                                FOUR MONTHS ENDED
                                                               SEPTEMBER 30, 1995
                                                                -----------------
    <S>                                                            <C>
    Balance, beginning of period ............................      $     -
    Charges to operations:
       Facility shut-down costs .............................          731
       Lease commitments ....................................           67
       Key personnel and severance costs ....................          952
                                                                   -------
                                                                     1,750
    Costs incurred:
       Facility shut-down costs .............................         (254)
       Lease commitments ....................................          (33)
       Key personnel and severance costs ....................         (508)
                                                                   -------
    Balance, end of period ..................................      $   955
</TABLE>                                                           =======

9.  GUARANTOR SUBSIDIARIES

    The Senior Notes are fully and unconditionally (as well as jointly and
    severally) guaranteed on an unsecured, senior subordinated basis by each
    subsidiary of the Company (the "Guarantor Subsidiaries") other than Electro
    Componentes de Mexico, S.A. de C.V. and Wirekraft Industries de Mexico, S.A.
    de C.V. (the "Non-Guarantor Subsidiaries"). Each of the Guarantor
    Subsidiaries and Non-Guarantor Subsidiaries is wholly owned by the Company.
 
    The following condensed, consolidating financial statements of the Company
    include the accounts of the Company, the combined accounts of the Guarantor
    Subsidiaries and the combined accounts of the Non-Guarantor Subsidiaries.
    Given the size of the Non-Guarantor Subsidiaries relative to the Company on
    a consolidated basis, separate financial statements of the respective
    Guarantor Subsidiaries are not presented because management has determined
    that such information is not material in assessing the Guarantor
    Subsidiaries.



                                       9
<PAGE>   12
                        INTERNATIONAL WIRE GROUP, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                             
                                                                               TOTAL
                                                                TOTAL           NON
                                               COMPANY        GUARANTOR      GUARANTOR    ELIMINATIONS       TOTAL 
                                              -----------    -----------    -----------   ------------    -----------
<S>                                           <C>            <C>            <C>            <C>            <C>         
BALANCE SHEET
As of September 30, 1995
ASSETS
  Cash ....................................   $        --    $    (1,781)   $       732    $        --    $    (1,049)
  Accounts receivable .....................            --         62,454          7,993         (7,371)        63,076
  Inventory ...............................            --         52,626             --             --         52,626
  Other assets ............................            --          2,646            108             --          2,754
                                              -----------    -----------    -----------    -----------    -----------
    Total current assets ..................            --        115,945          8,833         (7,371)       117,407
Property plant and equipment, net .........            --         68,393          7,256             --         75,649
Intangible assets, net ....................        17,292        215,665             --             --        232,957
Investment in subsidiaries ................       415,257             --             --       (415,257)            --
Other assets ..............................            --          6,560             --             --          6,560
                                              -----------    -----------    -----------    -----------    -----------
    Total assets ..........................   $   432,549    $   406,563    $    16,089    $  (422,628)   $   432,573
                                              ===========    ===========    ===========    ===========    ===========
LIABILITIES AND STOCKHOLDER'S EQUITY
  Current liabilities .....................   $     7,617    $    77,997    $     2,474    $    (7,371)   $    80,717
  Long-term obligations, less current
    maturities ............................       332,962          1,033             --             --        333,995
  Other long-term liabilities .............            --         15,479             --             --         15,479
  Intercompany (receivable) payable .......        14,041        (28,756)        14,715             --             --
                                              -----------    -----------    -----------    -----------    -----------
    Total liabilities .....................       354,620         65,753         17,189         (7,371)       430,191
                                              -----------    -----------    -----------    -----------    -----------
Stockholder's equity
  Common stock ............................            --             --             --             --             --
  Contributed capital .....................        81,191        406,573             18       (406,591)        81,191
  Predecessor carryover ...................            --        (75,547)            --             --        (75,547)
  Retained earnings .......................        (3,262)         9,784         (1,118)        (8,666)        (3,262)
                                              -----------    -----------    -----------    -----------    -----------
    Total stockholder's equity ............        77,929        340,810         (1,100)      (415,257)         2,382
                                              -----------    -----------    -----------    -----------    -----------
    Total liabilities and stockholder's
      equity ..............................   $   432,549    $   406,563    $    16,089    $  (422,628)   $   432,573
                                              ===========    ===========    ===========    ===========    ===========
</TABLE>



                                      10
<PAGE>   13
                     INTERNATIONAL WIRE GROUP, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                     TOTAL
                                                                       TOTAL          NON
                                                       COMPANY       GUARANTOR      GUARANTOR     ELIMINATIONS       TOTAL
                                                     -----------    -----------    -----------    ------------   -----------
<S>                                                  <C>            <C>            <C>            <C>            <C>        
STATEMENT OF OPERATIONS
For the three months ended September 30, 1995
Net sales ........................................   $        --    $   105,301    $     4,772    $    (4,772)   $   105,301
Operating expenses
  Cost of goods sold .............................            --         86,326          2,008         (4,772)        83,562
  Selling, general and administration ............            --          6,469          1,964             --          8,433
  Depreciation and amortization ..................            --          3,706            717             --          4,423
  Expenses related to plant closing ..............            --             --             --             --             --
                                                     -----------    -----------    -----------    -----------    -----------
Operating income (loss) ..........................            --          8,800             83             --          8,883
Other income (expense)
  Interest expense ...............................        (8,285)            --             --             --         (8,285)
  Amortization of deferred financing fees ........          (619)            --             --             --           (619)
  Equity in net income (loss) of subsidiaries ....         7,552             --             --         (7,552)            --
  Other ..........................................            --             10             --             --             10
                                                     -----------    -----------    -----------    -----------    -----------
Income (loss) before income tax provision ........        (1,352)         8,810             83         (7,552)           (11)
Income tax provision .............................            --            692            649             --          1,341
                                                     -----------    -----------    -----------    -----------    -----------
Net income (loss) ................................   $    (1,352)   $     8,118    $      (566)   $    (7,552)   $    (1,352)
                                                     ===========    ===========    ===========    ===========    ===========
</TABLE>



                                      11

<PAGE>   14
                        INTERNATIONAL WIRE GROUP, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                       TOTAL
                                                                       TOTAL          NON
                                                      COMPANY         GUARANTOR     GUARANTOR     ELIMINATIONS      TOTAL
                                                     -----------    -----------    -----------    ------------   -----------
<S>                                                  <C>            <C>            <C>            <C>            <C>        
STATEMENT OF OPERATIONS
For the four months ended September 30, 1995
Net sales ........................................   $        --    $   141,564    $     5,474    $    (5,474)   $   141,564
Operating expenses
  Cost of goods sold .............................            --        115,792          2,519         (5,474)       112,837
  Selling, general and administration ............            --          8,428          2,542             --         10,970
  Depreciation and amortization ..................            --          4,945            952             --          5,897
  Expenses related to plant closing ..............            --          1,750             --             --          1,750
                                                     -----------    -----------    -----------    -----------    -----------
Operating income (loss) ..........................            --         10,649           (539)            --         10,110
Other income (expense)
  Interest expense ...............................       (11,064)            --             --             --        (11,064)
  Amortization of deferred financing fees ........          (864)            --             --             --           (864)
  Equity in net income (loss) of subsidiaries ....         8,666             --             --         (8,666)            --
  Other ..........................................            --           (173)            --             --           (173)
                                                     -----------    -----------    -----------    -----------    -----------
Income (loss) before income tax provision ........        (3,262)        10,476           (539)        (8,666)        (1,991)
Income tax provision .............................            --            692            579             --          1,271
                                                     -----------    -----------    -----------    -----------    -----------
Net income (loss) ................................   $    (3,262)   $     9,784    $    (1,118)   $    (8,666)   $    (3,262)
                                                     ===========    ===========    ===========    ===========    ===========
</TABLE>


                                      12
                                      


<PAGE>   15
                        INTERNATIONAL WIRE GROUP, INC.
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                              TOTAL
                                                                                TOTAL          NON 
                                                                COMPANY       GUARANTOR      GUARANTOR   ELIMINATIONS      TOTAL
                                                              -----------    -----------    -----------  ------------   -----------
<S>                                                           <C>            <C>            <C>           <C>           <C>        
STATEMENT OF CASH FLOWS
For the four months ended September 30, 1995
Net cash from operating activities ........................   $     4,935    $     1,423    $       732   $        --   $     7,090
                                                              -----------    -----------    -----------   -----------   -----------
Cash flows provided by (used in) investing activities:
  Acquisition, net of cash ................................      (341,046)            --             --            --      (341,046)
  Capital expenditures ....................................            --         (3,204)            --            --        (3,204)
                                                              -----------    -----------    -----------   -----------   -----------
Net cash used in investing activities .....................      (341,046)        (3,204)            --            --      (344,250)
                                                              -----------    -----------    -----------   -----------   -----------
Cash flows provided by (used in) financing
   activities:
  Equity proceeds .........................................        15,188             --             --            --        15,188
  Proceeds from issuance of long-term obligations .........       337,500             --             --            --       337,500
  Repayment of long-term obligations ......................        (2,577)            --             --            --        (2,577)
  Financing fees and other ................................       (14,000)            --             --            --       (14,000)
                                                              -----------    -----------    -----------   -----------   -----------
Net cash from financing activities ........................       336,111             --             --            --       336,111
                                                              -----------    -----------    -----------   -----------   -----------
Net change in cash ........................................   $        --    $    (1,781)   $       732   $        --   $    (1,049)
                                                              ===========    ===========    ===========   ===========   ===========
</TABLE>




                                      13

<PAGE>   16
                                   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.



                                        INTERNATIONAL WIRE GROUP, INC.




Dated: November 7, 1997                 By:     /s/ DAVID M. SINDELAR 
                                           ------------------------------------
                                        Name:       David M. Sindelar 
                                        Title:      Senior Vice President,
                                                    Chief Financial Officer






                                       14