<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 March 31, 1996               
                                       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 or 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, of 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   X      no 
                                -----        -----

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:

                                                          Outstanding at 
           Class                                          April 30, 1996 
------------------------------                    ------------------------------


International Wire Group, Inc.                                 1,000
        Common Stock
<PAGE>   2
                         INTERNATIONAL WIRE GROUP, INC.
                                     INDEX

PART I.  FINANCIAL INFORMATION

<TABLE>
<CAPTION>
                                                                                     Page
                                                                                     ----
<S>                                                                                  <C>
International Wire Group, Inc.

         Consolidated Balance Sheets as of March 31, 1996 and December 31, 
                1995 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    1
         Consolidated Statement of Operations for the three months ended
                 March 31, 1996  . . . . . . . . . . . . . . . . . . . . . . . . .    2
         Consolidated Statement of Cash Flows for the three months ended
                 March 31, 1996  . . . . . . . . . . . . . . . . . . . . . . . . .    3
         Notes to Consolidated Financial Statements  . . . . . . . . . . . . . . .    4

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   13
</TABLE>





                                      (i)
<PAGE>   3
                         INTERNATIONAL WIRE GROUP, INC.
                          CONSOLIDATED BALANCE SHEETS
                       (IN THOUSANDS, EXCEPT SHARE DATA)
<TABLE>
<CAPTION>
                                                                       March 31,          December 31,
                                                                         1996                1995       
                                                                       --------            --------
                                                                     (Unaudited)
 <S>                                                                   <C>                 <C>
                                    ASSETS
 Current assets:
     Cash and cash equivalents . . . . . . . . . . . . . . . . .       $  5,014            $      -
     Accounts receivable, less allowance of $904
        and $860, respectively . . . . . . . . . . . . . . . . .         78,103              47,180
     Inventories . . . . . . . . . . . . . . . . . . . . . . . .         62,175              57,777
     Prepaid expenses and other  . . . . . . . . . . . . . . . .          3,498               2,858
                                                                       --------            --------
        Total current assets . . . . . . . . . . . . . . . . . .        148,790             107,815
     Property, plant and equipment, net  . . . . . . . . . . . .        116,666              82,259
     Deferred financing costs, net . . . . . . . . . . . . . . .         22,565              16,688
     Intangible assets, net  . . . . . . . . . . . . . . . . . .        324,086             215,400
     Other assets  . . . . . . . . . . . . . . . . . . . . . . .          5,677               5,758
                                                                       --------            --------
        Total assets . . . . . . . . . . . . . . . . . . . . . .       $617,784            $427,920
                                                                       ========            ========

                             LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


 Current liabilities:
     Current maturities of long-term obligations . . . . . . . .       $ 20,431            $ 12,662
     Accounts payable  . . . . . . . . . . . . . . . . . . . . .         43,666              37,627
     Accrued and other liabilities . . . . . . . . . . . . . . .         33,448              26,011
     Accrued interest  . . . . . . . . . . . . . . . . . . . . .          9,033               2,516
                                                                       --------            --------
        Total current liabilities  . . . . . . . . . . . . . . .        106,578              78,816
 Long-term obligations, less current maturities  . . . . . . . .        449,546             326,015
 Deferred income taxes . . . . . . . . . . . . . . . . . . . . .          8,194               8,194
 Other long-term liabilities . . . . . . . . . . . . . . . . . .          6,296               4,897
                                                                       --------            --------
        Total liabilities  . . . . . . . . . . . . . . . . . . .        570,614             417,922

 Stockholders' equity:
     Common stock, $.01 par value, 1,000 shares
     authorized, issued and outstanding  . . . . . . . . . . . .              0                   0
     Series A Senior Cumulative Exchangeable
     Redeemable Preferred Stock, $.01 par value,
       400,000 and 0 shares authorized, issued and
       outstanding as of March 31, 1996 and December 31, 1995,          
       respectively. . . . . . . . . . . . . . . . . . . . . . .              4                   -
     Contributed capital . . . . . . . . . . . . . . . . . . . .        125,113              81,051
     Carryover of predecessor basis  . . . . . . . . . . . . . .        (67,762)            (67,762)
     Accumulated deficit . . . . . . . . . . . . . . . . . . . .        (10,185)             (3,291)
                                                                     ----------           --------- 
        Total stockholders' equity . . . . . . . . . . . . . . .         47,170               9,998
                                                                      ---------           ---------

        Total liabilities and stockholders' equity . . . . . . .       $617,784            $427,920
                                                                       ========            ========
</TABLE>

        See accompanying notes to the consolidated financial statements





                                       1
<PAGE>   4
                         INTERNATIONAL WIRE GROUP, INC.
                      CONSOLIDATED STATEMENT OF OPERATIONS
                       THREE MONTHS ENDED MARCH 31, 1996
                                 (IN THOUSANDS)
                                  (UNAUDITED)

<TABLE>
 <S>                                                                                      <C>
 Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        $118,807
 Operating expenses:
     Cost of goods sold  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          93,475
     Selling, general and administrative . . . . . . . . . . . . . . . . . . . . .           9,721
     Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . .           6,044
     Inventory valuation adjustment  . . . . . . . . . . . . . . . . . . . . . . .           2,000
     Expenses related to plant closings  . . . . . . . . . . . . . . . . . . . . .           4,000
                                                                                          --------
 Operating income  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           3,567
 Other income (expense):
     Interest expense  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          (9,572)
     Amortization of deferred financing costs  . . . . . . . . . . . . . . . . . .            (723)
     Other, net  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              89
                                                                                          --------
 Loss before income tax provision  . . . . . . . . . . . . . . . . . . . . . . . .          (6,639)
 Income tax provision  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .             255
                                                                                          --------
 Net loss  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        $ (6,894)
                                                                                          ======== 
</TABLE>

        See accompanying notes to the consolidated financial statements





                                       2
<PAGE>   5
                         INTERNATIONAL WIRE GROUP, INC.
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                       THREE MONTHS ENDED MARCH 31, 1996
                                 (IN THOUSANDS)
                                  (UNAUDITED)

<TABLE>
 <S>                                                                                      <C>
 Cash flows provided by (used in) operating activities:
     Net loss  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      $ (6,894)
     Adjustments to reconcile net loss to net cash provided
       by (used in) operating activities:
        Depreciation and amortization  . . . . . . . . . . . . . . . . . . . . . . .         6,044
        Amortization of deferred financing costs . . . . . . . . . . . . . . . . . .           723
        Inventory valuation adjustment . . . . . . . . . . . . . . . . . . . . . . .         2,000
        Change in assets and liabilities, net of acquisitions:
            Accounts receivable  . . . . . . . . . . . . . . . . . . . . . . . . . .        (8,568)
            Inventories  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           292
            Prepaid expenses and other . . . . . . . . . . . . . . . . . . . . . . .          (335)
            Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . .        (3,150)
            Accrued and other liabilities  . . . . . . . . . . . . . . . . . . . . .         2,724
            Accrued interest . . . . . . . . . . . . . . . . . . . . . . . . . . . .         6,517
            Income taxes payable/refundable  . . . . . . . . . . . . . . . . . . . .            19
            Other long-term liabilities  . . . . . . . . . . . . . . . . . . . . . .          (101)
                                                                                          --------
 Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . . .          (729)
                                                                                          --------
 Cash flows provided by (used in) investing activities:
     Acquisitions, net of cash . . . . . . . . . . . . . . . . . . . . . . . . . . .      (160,259)
     Capital expenditures, net . . . . . . . . . . . . . . . . . . . . . . . . . . .        (2,537)
                                                                                          --------
 Net cash from investing activities  . . . . . . . . . . . . . . . . . . . . . . . .      (162,796)
                                                                                          --------
 Cash flows provided by (used in) financing activities:
     Equity proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        45,039
     Proceeds from issuance of long-term obligations . . . . . . . . . . . . . . . .       128,200
     Borrowing of long-term obligations  . . . . . . . . . . . . . . . . . . . . . .         3,100
     Financing fees and other  . . . . . . . . . . . . . . . . . . . . . . . . . . .        (7,800)
                                                                                          --------
 Net cash from financing activities  . . . . . . . . . . . . . . . . . . . . . . . .       168,539
                                                                                          --------
 Net change in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . .         5,014
 Cash and cash equivalents at beginning of the period  . . . . . . . . . . . . . . .             -
                                                                                          --------
 Cash and cash equivalents at end of the period  . . . . . . . . . . . . . . . . . .      $  5,014
                                                                                          ========
</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 IW Acquisition (as described below).  On June 12,
         1995, Wirekraft Holdings Corp. ("Wirekraft"), Omega Wire Corp.
         ("Omega"), International Wire Holding Company ("Holding", the parent
         company of Group), Group, Wirekraft Acquisition Company and certain
         shareholders of Wirekraft and Omega entered into a series of
         acquisitions and mergers (the "IW Acquisition") 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 through its two segments, the
         Wire segment and the Harness segment, is engaged in the design,
         manufacture and marketing of non-insulated and insulated copper wire
         and wire harnesses.  The Company's products are used by a wide variety
         of customers primarily in the appliance, computer and data
         communications, automotive and industrial equipment industries.

2.       BASIS OF PRESENTATION

         Unaudited Interim Consolidated Financial Statements

         The unaudited interim consolidated financial statements reflect all
         adjustments consisting only of 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 months ended March 31, 1996, are not necessarily indicative of
         the results that may be expected for a full fiscal year.

         Statement of Cash Flows

         Interest and taxes paid for the three months ended March 31, 1996 were
         $3,055 and $236, respectively.

3.       INVENTORIES

         Inventories are valued at the lower of cost or market.  Cost is
         determined using the last-in, first-out ("LIFO") method.  As a result
         of a decline in copper prices from the period December 31, 1995 to
         March 31, 1996 the Company wrote down the copper valuation in
         inventory, the effect of which increased loss before income tax
         provision by approximately $2,000.





                                       4
<PAGE>   7



                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)



         The composition of inventories at March 31, 1996 is as follows:

<TABLE>
<S>                                                                                          <C>
Raw materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              $22,894
Work-in-process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .               16,974
Finished goods  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .               22,307
                                                                                             -------
         Total  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              $62,175
                                                                                             =======
</TABLE>

4.       INTANGIBLE ASSETS

         The Company's management has begun a comprehensive review of the
         strategic position of its individual business units.  This analysis
         included the closing of certain Wirekraft facilities and the recent
         DWT Acquisition (discussed in Note 6).  As a result, the Company is
         assessing the carrying value of goodwill.  While the Company has not
         yet completed this assessment, a possible outcome may be a write-off
         of a portion of the goodwill presently carried on its books.  The
         Company expects to conclude on this matter in the near term, but not
         later than the filing of its Form 10-K for the current fiscal year.

5.       LONG-TERM OBLIGATIONS

         The composition of long-term obligations at March 31, 1996 is as
         follows:

<TABLE>
<S>                                                                                     <C>
Credit Agreement:
Revolving credit facility . . . . . . . . . . . . . . . . . . . . . . . . . . .          $ 28,000

Term Facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           286,125
Senior Subordinated Notes . . . . . . . . . . . . . . . . . . . . . . . . . . .           150,000
Capital leases  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .             4,875
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .               977
                                                                                         --------
                                                                                          469,977

Less, current maturities  . . . . . . . . . . . . . . . . . . . . . . . . . . .           (20,431)
                                                                                         -------- 
                                                                                         $449,546
                                                                                         ========
</TABLE>
         The schedule of principal payments for long-term obligations at March
         31, 1996 is as follows:


<TABLE>
<S>                                                                                <C>
1996  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          $ 15,369
1997  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .            20,959
1998  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .            23,719

1999  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .            29,054
2000  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .            67,503
Thereafter  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .           313,373
                                                                                   --------

     Total  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .          $469,977
                                                                                   ========
</TABLE>





                                       5
<PAGE>   8



                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)


         Credit Agreement

         In connection with the IW Acquisition, Group and Holding entered into
         a Credit Agreement (the "Credit Agreement") dated as of June 12, 1995
         with certain financial institutions.  The Credit Agreement was amended
         in connection with the DWT Acquisition (discussed in Note 6) pursuant
         to an Amendment to the Credit Agreement dated March 5, 1996 (the
         "Amended Credit Agreement").  Borrowings under the Amended Credit
         Agreement are collateralized by first priority mortgages and liens on
         all of the assets of Group.  In addition, borrowings under the Amended
         Credit Agreement are guaranteed by Holding.

         The Amended Credit Agreement provides senior secured financing of up
         to $363,500 consisting of a $111,000 term loan (the "Term A Loan"), an
         $82,500 term loan (the "Term B Loan"), a $95,000 term loan (the "Term
         C Loan") (collectively the "Term Facility") and a $75,000 revolving
         credit facility (the "Revolver").  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 installments on the Term B
         Loan and Term C Loan are due on September 30, 2002 and September 30,
         2003, respectively.

         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 Amended Credit Agreement) plus 1.5% or (b) the
         Eurodollar Rate (as defined) 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) plus 2.0% or (b) the
         Eurodollar Rate (as defined) plus 3.0%. Borrowings under the Term C
         Loan bear interest at the option of Group, at a rate per annum equal
         to (a) the Alternate Base Rate (as defined), plus 2.5% or (b) the
         Eurodollar Rate (as defined) plus 3.5%. Interest payment dates vary
         depending on the interest rate option to which the Term Facility and
         the Revolver are tied, but generally interest is payable quarterly.
         The Amended 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.

         Senior Subordinated Notes

         The Senior Subordinated Notes due 2005 ("the Senior Notes") were
         issued under an indenture, dated June 12, 1995 (the "Indenture") in
         connection with the IW Acquisition.  The Senior Notes represent
         unsecured general obligations of Group and are subordinated to all
         Senior Debt (as defined in the Indenture) of Group.  The Senior 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 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.





                                       6
<PAGE>   9



                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)


6.       DWT ACQUISITION

         On March 5, 1996, Wire Technologies, Inc. ("Wire Technologies"), a
         wholly-owned subsidiary of the Company, acquired the businesses of
         Hoosier Wire, Inc., Dekko Automotive Wire, Inc., Albion Wire, Inc. and
         Silicones, Inc., a group of affiliated companies operating together
         under the tradename Dekko Wire Technology Group (the "DWT
         Acquisition").  The total consideration paid in connection with the
         DWT Acquisition, including fees and expenses, consisted of (i) cash in
         the amount of $173,239, subject to final adjustments, and (ii)
         warrants for the purchase of 2,000,000 shares of Common Stock, par
         value $.01 per share, of Holding. The cash portion of the
         consideration paid and the transaction fees and expenses incurred in
         connection with the DWT Acquisition were funded with (i) $128,200 of
         senior debt under the Amended Credit Agreement, (ii) $35,000 from the
         issuance of 35,000,000 shares of Common Stock, par value $.01 per
         share, of Holding, (iii) $39 from the issuance of 3,888,889 shares of
         Class A Common Stock, par value $.01 per share, of Holding, and (iv) $
         10,000 from the issuance of 400,000 shares of Series A Senior
         Cumulative Exchangeable Redeemable Preferred Stock, par value $.01 per
         share, of the Company (sold in units together with warrants for the
         purchase of shares of Common Stock, par value $.01 per share, of
         Holding).

         The DWT Acquisition was accounted for using the purchase method of
         accounting whereby the total acquisition cost has been preliminarily
         allocated to the consolidated assets and liabilities based upon their
         estimated respective fair values.  The purchase price allocations are
         still in process.  It is not expected that the final allocation of the
         purchase cost will result in a materially different allocation than is
         presented herein.  The total acquisition cost is preliminarily
         allocated to the acquired net assets as follows:

<TABLE>
<S>                                                            <C>
Current assets  . . . . . . . . . . . . . . . . . . . .        $ 36,250
Property, plant and equipment   . . . . . . . . . . . .          35,819

Goodwill  . . . . . . . . . . . . . . . . . . . . . . .         110,337
Fees and costs  . . . . . . . . . . . . . . . . . . . .           7,800
Current liabilities   . . . . . . . . . . . . . . . . .         (15,467)
Other liabilities   . . . . . . . . . . . . . . . . . .          (1,500)
                                                               -------- 

                                                               $173,239
                                                               ========
</TABLE>

         The results of operations of Wire Technologies have been included in
         the consolidated financial statements since the date of the DWT
         Acquisition.  Pro forma data, which show condensed results of
         operations for the three months ended March 31, 1996 and 1995 as
         though the DWT Acquisition and related financing had occurred at the 
         beginning of the respective periods, is as follows:





                                       7
<PAGE>   10



                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)


<TABLE>
<CAPTION>
                                                                  Three Months Ended
                                                                       March 31,               
                                                          ----------------------------------
                                                            1996                    1995 (1)           
                                                          --------                  --------
<S>                                                       <C>                       <C>
Net sales . . . . . . . . . . . . . . . . . . .           $146,045                  $166,805
Net income (loss) . . . . . . . . . . . . . . .             (5,808)                    1,051
</TABLE>
     ___________________
         (1) Data gives effect to the IW Acquisition as though it occurred as
             of January 1, 1995.

7.       PLANT CLOSING EXPENSE
         In March, 1996, the Company recorded a pretax charge to operations of
         $4,000 to provide for plant closing costs.  The plant closing costs
         include provisions for shut-down costs from the period of plant
         closure to the date of disposal, commitment costs for leased equipment
         and facilities and severance related costs.  A summary of activity
         related to plant closing is as follows:

<TABLE>
<CAPTION>
                                                            THREE MONTHS ENDED
                                                              MARCH 31, 1996
                                                              --------------
<S>                                                              <C>
Balance, beginning of period................................     $  700
Charges to operations:                                        
  Facility shut-down costs..................................      2,500
  Lease commitments.........................................        570
  Key personnel and severance costs.........................        930
                                                                 ------
                                                                  4,000
Costs incurred:                                               
  Facility shut-down costs..................................         -- 
  Lease commitments.........................................         --
  Key personnel and severance costs.........................         --
                                                                 ------
                                                                     -- 
                                                                 ------
Balance, end of period......................................     $4,700
                                                                 ======
</TABLE>
 
8.       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.


                                       8
<PAGE>   11

                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)

<TABLE>
<CAPTION>

                                                                           TOTAL
                                                             TOTAL          NON
                                              COMPANY      GUARANTOR     GUARANTOR    ELIMINATIONS     TOTAL
                                             ---------     ---------     ---------    ------------   ---------
<S>                                          <C>           <C>           <C>           <C>           <C>      
BALANCE SHEET
As of and for the three months ended
March 31, 1996
ASSETS
   Cash . . . . . . . . . . . . . . . . .    $      --     $   4,617     $     397     $      --     $   5,014
   Accounts receivable. . . . . . . . . .           --        76,456         4,671        (3,024)       78,103
   Inventory. . . . . . . . . . . . . . .           --        62,152            23            --        62,175
   Other assets . . . . . . . . . . . . .           --         3,474            24            --         3,498
                                             ---------     ---------     ---------     ---------     ---------
      Total current assets. . . . . . . .           --       146,699         5,115        (3,024)      148,790
Property plant and equipment, net . . . .           --       107,905         8,761            --       116,666
Intangible assets, net  . . . . . . . . .       22,565       324,086            --            --       346,651
Investment in subsidiaries. . . . . . . .      585,052            --            --      (585,052)           --
Other assets. . . . . . . . . . . . . . .           --         5,012           665            --         5,677
                                             ---------     ---------     ---------     ---------     ---------
      Total assets. . . . . . . . . . . .    $ 607,617     $ 583,702     $  14,541     $(588,076)    $ 617,784
                                             =========     =========     =========     =========     =========

LIABILITIES AND STOCKHOLDERS' EQUITY
   Current liabilities. . . . . . . . . .    $  28,603     $  79,318     $   1,681     $  (3,024)    $ 106,578
   Long-term obligations, less current   
      maturities. . . . . . . . . . . . .      444,555         4,991            --            --       449,546
   Other long-term liabilities. . . . . .           --        14,490            --            --        14,490
   Intercompany (receivable) payable. . .       19,527       (32,441)       12,914            --            --
                                             ---------     ---------     ---------     ---------     ---------
      Total liabilities . . . . . . . . .      492,685        66,358        14,595        (3,024)      570,614
                                             ---------     ---------     ---------     ---------     ---------
Stockholders' equity
   Common stock                                     --            --            --            --            --
   Preferred stock. . . . . . . . . . . .            4            --            --            --             4
   Contributed capital. . . . . . . . . .      125,113       572,012            18      (572,030)      125,113
   Predecessor carryover. . . . . . . . .           --       (67,762)           --            --       (67,762)
   Retained earnings. . . . . . . . . . .      (10,185)       13,094           (72)      (13,022)      (10,185)
                                             ---------     ---------     ---------     ---------     ---------
      Total stockholders' equity. . . . .      114,932       517,344           (54)     (585,052)       47,170
                                             ---------     ---------     ---------     ---------     ---------
      Total liabilities and stockholders'
        equity. . . . . . . . . . . . . .    $ 607,617     $ 583,702     $  14,541     $(588,076)    $ 617,784
                                             =========     =========     =========     =========     =========
</TABLE>




                                      9
<PAGE>   12

                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)




<TABLE>
<CAPTION>
                                                                                   TOTAL
                                                                      TOTAL         NON
                                                       COMPANY      GUARANTOR    GUARANTOR  ELIMINATIONS    TOTAL
                                                      ---------     ---------    ---------  ------------  --------- 
<S>                                                     <C>         <C>          <C>          <C>           <C>      
STATEMENT OF OPERATIONS
For the three months ended March 31, 1996
Net sales. . . . . . . . . . . . . . . . . . . . . .    $    --     $ 118,807    $   7,643    $  (7,643)    $ 118,807
Operating expenses . . . . . . . . . . . . . . . . .
   Cost of goods sold. . . . . . . . . . . . . . . .         --        97,397        3,721       (7,643)       93,475
   Selling, general and administration . . . . . . .         --         7,233        2,488           --         9,721
   Depreciation and amortization . . . . . . . . . .         --         5,735          309           --         6,044
   Inventory valuation adjustment. . . . . . . . . .         --         2,000           --           --         2,000
   Expenses related to plant closings. . . . . . . .         --         4,000           --           --         4,000
                                                      ---------     ---------    ---------    ---------     --------- 
Operating income (loss). . . . . . . . . . . . . . .         --         2,442        1,125           --         3,567
Other income (expense)  
   Interest expense. . . . . . . . . . . . . . . . .     (9,572)           --           --           --        (9,572)
   Amortization of deferred financing fees . . . . .       (723)           --           --           --          (723)
   Equity in net income (loss) of subsidiaries . . .      3,401            --           --       (3,401)           --
   Other . . . . . . . . . . . . . . . . . . . . . .         --            89           --           --            89
                                                      ---------     ---------    ---------    ---------     --------- 
Income (loss) before income tax provision. . . . . .     (6,894)        2,531        1,125       (3,401)       (6,639)
Income tax provision . . . . . . . . . . . . . . . .         --           100          155           --           255
                                                      ---------     ---------    ---------    ---------     --------- 

Net income (loss). . . . . . . . . . . . . . . . . .  $  (6,894)    $   2,431    $     970    $  (3,401)    $  (6,894)
                                                      =========     =========    =========    =========     ========= 
</TABLE>







                                      10
<PAGE>   13

                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)

<TABLE>
<CAPTION>

                                                                                        TOTAL
                                                                          TOTAL          NON
                                                           COMPANY      GUARANTOR     GUARANTOR  ELIMINATIONS   TOTAL
                                                          ---------     ---------     ---------  ------------ --------- 
<S>                                                       <C>           <C>           <C>           <C>      <C>       
STATEMENT OF CASH FLOWS
For the three months ended March 31, 1996
Net cash from operating activities. . . . . . . . . . .   $  (8,280)    $   5,742     $   1,809     $   --   $    (729)
                                                          ---------     ---------     ---------     ------   --------- 
Cash flows provided by (used in) investing activities:
   Acquisition, net of cash . . . . . . . . . . . . . .    (160,259)           --            --         --    (160,259)
   Capital expenditures, net. . . . . . . . . . . . . .          --        (1,096)       (1,441)        --      (2,537)
                                                          ---------     ---------     ---------     ------   --------- 
Net cash used in investing activities . . . . . . . . .    (160,259)       (1,096)       (1,441)        --    (162,796)
                                                          ---------     ---------     ---------     ------   --------- 
Cash flows provided by (used in) financing
     activities:
   Equity proceeds. . . . . . . . . . . . . . . . . . .      45,039            --            --         --      45,039
   Proceeds from issuance of long-term obligations. . .     128,200            --            --         --     128,200
   Repayment of long-term obligations . . . . . . . . .       3,150            --            --         --       3,150
   Financing fees and other . . . . . . . . . . . . . .      (7,800)           --            --         --      (7,800)
                                                          ---------     ---------     ---------     ------   --------- 
Net cash from financing activities. . . . . . . . . . .     168,539            --            --         --     168,539
                                                          ---------     ---------     ---------     ------   --------- 
Net change in cash and cash equivalents . . . . . . . .   $      --     $   4,646     $     368     $   --   $   5,014 
                                                          =========     =========     =========     ======   ========= 
</TABLE>



                                      11
<PAGE>   14
 
                         INTERNATIONAL WIRE GROUP, INC.
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
<TABLE>
<CAPTION>
                                                  TOTAL          TOTAL
                                     COMPANY    GUARANTOR    NON-GUARANTOR    ELIMINATIONS     TOTAL
                                    ---------   ---------    -------------    ------------   ---------
<S>                                 <C>         <C>          <C>              <C>            <C>
BALANCE SHEET
  As of December 31, 1995:
ASSETS
  Cash............................  $      --   $    (29)       $    29        $      --     $      --
  Accounts receivable.............         --     46,945          1,012             (777)       47,180
  Inventory.......................         --     57,777             --               --        57,777
  Other assets....................         --      2,858             --               --         2,858
                                    ---------   --------        -------        ---------     ---------
          Total current assets....         --    107,551          1,041             (777)      107,815
  Property plant and equipment,
     net..........................         --     74,630          7,629               --        82,259
  Intangible assets, net..........     16,688    215,400             --               --       232,088
  Investment in subsidiaries......    416,212         --             --         (416,212)           --
  Other assets....................         --      5,565            193               --         5,758
                                    ---------   --------        -------        ---------     ---------
          Total assets............  $ 432,900   $403,146        $ 8,863        $(416,989)    $ 427,920
                                    =========   ========        =======        =========     =========
 
LIABILITIES AND STOCKHOLDER'S EQUITY
  Current liabilities.............  $  15,815   $ 62,537        $ 1,241        $    (777)    $  78,816
  Long term obligations, less
     current maturities...........    321,001      5,014             --               --       326,015
  Other long-term liabilities.....     (3,615)    16,706             --               --        13,091
  Intercompany (receivable)
     payable......................     21,939    (30,585)         8,646               --            --
                                    ---------   --------        -------        ---------     ---------
          Total liabilities.......    355,140     53,672          9,887             (777)      417,922
  Stockholder's equity
     Common stock.................         --         --             --               --            --
     Contributed capital..........     81,051    406,573             18         (406,591)       81,051
     Predecessor carryover........         --    (67,762)            --               --       (67,762)
     Retained earnings............     (3,291)    10,663         (1,042)          (9,621)       (3,291)
                                    ---------   --------        -------        ---------     ---------
          Total stockholder's
            equity................     77,760    349,474         (1,024)        (416,212)        9,998
                                    ---------   --------        -------        ---------     ---------
          Total liabilities and
            stockholder's
            equity................  $ 432,900   $403,146        $ 8,863        $(416,989)    $ 427,920
                                    =========   ========        =======        =========     =========
</TABLE>


                                      12
<PAGE>   15




                                   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







                                      13