<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           June 30, 1996
                                -------------------------------------

                                       OR

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

For the transition period  ______________________  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                           July 31, 1996
                    --------------                    -------------

                    International Wire Group, Inc.
                    Common Stock                        1,000


                                      1

<PAGE>   2
                       INTERNATIONAL WIRE GROUP, INC.



                                    INDEX


<TABLE>
<CAPTION>
     PART I - FINANCIAL INFORMATION                                                        PAGE

     <S>                                                                                     <C>
       International Wire Group, Inc.                                                   
                                                                                        
         Consolidated Balance Sheets as of June 30, 1996 and December 31, 1995 . . . . . . .  1
         Consolidated Statements of Operations for the three and six months             
           ended June 30, 1996 and one month ended June 30, 1995 . . . . . . . . . . . . . .  2
         Consolidated Statements of Cash Flows for the six months                       
           ended June 30, 1996 and one month ended June 30, 1995 . . . . . . . . . . . . . .  3
         Notes to Consolidated Financial Statements  . . . . . . . . . . . . . . . . . . . .  4
     SIGNATURES  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
</TABLE>





                                      (i)
<PAGE>   3
                         INTERNATIONAL WIRE GROUP, INC.
                          CONSOLIDATED BALANCE SHEETS
                       (IN THOUSANDS, EXCEPT SHARE DATA)
<TABLE>
<CAPTION>
                                                                                     June 30,           December 31,
                                                                                       1996                 1995
                                                                                    --------------     --------------
                                                                                    (Unaudited)
                                                          ASSETS
      <S>                                                                            <C>                 <C>
      Current assets:
        Cash and cash equivalents                                                    $   2,836           $       --
        Accounts receivable, less allowance of $1,076
          and $860, respectively                                                        80,758               47,180
        Inventories                                                                     50,612               57,777
        Prepaid expenses and other                                                       3,614                2,858
                                                                                     ---------           ----------
          Total current assets                                                         137,820              107,815
       Property, plant and equipment, net                                              116,591               82,259
       Deferred financing costs, net                                                    21,609               16,688
       Intangible assets, net                                                          320,398              215,400
       Other assets                                                                      6,866                5,758
                                                                                     ---------           ----------
          Total assets                                                               $ 603,284           $  427,920
                                                                                     =========           ==========


                                           LIABILITIES AND STOCKHOLDERS' EQUITY

      Current liabilities:
        Current maturities of long-term obligations                                  $  21,973           $   12,662
        Accounts payable                                                                36,070               37,627
        Accrued and other liabilities                                                   35,974               26,011
        Income taxes payable                                                             3,286                   --
        Accrued interest                                                                 3,677                2,516
                                                                                     ---------           ----------
          Total current liabilities                                                    100,980               78,816
      Long-term obligations, less current maturities                                   444,568              326,015
      Deferred income taxes                                                              8,194                8,194
      Other long-term liabilities                                                        6,194                4,897
                                                                                     ---------           ----------
          Total liabilities                                                            559,936              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 shares
          authorized, issued and outstanding                                                 4                   --
        Contributed capital                                                            125,113               81,051
        Carryover of predecessor basis                                                 (67,762)             (67,762)
        Accumulated deficit                                                            (14,007)              (3,291)
                                                                                     ---------           ----------
          Total stockholders' equity                                                    43,348                9,998
                                                                                     ---------           ----------
          Total liabilities and stockholders' equity                                 $ 603,284           $  427,920
                                                                                     =========           ==========
</TABLE>


        See accompanying notes to the consolidated financial statements





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


<TABLE>
                                                      Three Months             Six Months            One Month 
                                                         Ended                   Ended                 Ended    
                                                        June 30,                June 30,              June 30,   
                                                          1996                   1996                  1995     
                                                   ----------------         ---------------        --------------
  <S>                                            <C>                      <C>                    <C>
  Net sales                                        $        147,309         $       266,116        $       36,263
  Operating expenses:              
    Cost of goods sold                                      114,493                 207,968                29,275
    Selling, general and
      administrative                                         10,857                  20,578                 2,537
    Depreciation and amortization                             6,902                  12,946                 1,474
    Inventory valuation adjustment                            6,500                   8,500                    --
    Expenses related to plant                                                                                     
      closings                                                   --                   4,000                 1,750 
                                                   ----------------         ---------------        -------------- 
  Operating income (loss)                                     8,557                  12,124                 1,227
  Other income (expense):
    Interest expense                                        (11,011)                (20,583)               (2,779)
    Amortization of deferred
      financing costs                                        (1,091)                 (1,814)                 (245)
    Other, net                                                   43                     132                  (183)
                                                   ----------------         ---------------        -------------- 
                                                                                         --                    -- 
  Loss before income tax provision                           (3,502)                (10,141)               (1,980)
  Income tax provision (benefit)                                320                     575                   (70)
                                                   ----------------         ---------------        -------------- 
  Net loss                                         $         (3,822)        $       (10,716)       $       (1,910)
                                                   ================         ===============        ==============
</TABLE>





        See accompanying notes to the consolidated financial statements





                                       2
<PAGE>   5
                         INTERNATIONAL WIRE GROUP, INC.
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (IN THOUSANDS)
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                             Six Months                  One Month 
                                                                                Ended                       Ended  
                                                                               June 30,                   June 30, 
                                                                                1996                        1995   
                                                                         ----------------              ---------------
   <S>                                                                   <C>                           <C>
   Cash flows provided by (used in) operating activities:
     Net loss                                                            $        (10,716)             $        (1,910)
     Adjustments to reconcile net loss to net cash
       provided by (used in) operating activities:
       Depreciation and amortization                                               12,946                        1,474
       Amortization of deferred financing costs                                     1,814                          245
       Inventory valuation adjustment                                               8,500                           --
       Change in assets and liabilities, net of acquisitions:
         Accounts receivable                                                      (11,380)                       1,599
         Inventories                                                                5,541                       (3,056)
         Prepaid expenses and other                                                (2,751)                        (265)
         Accounts payable                                                          (8,546)                       1,772
         Accrued and other liabilities                                              3,111                        4,521
         Accrued interest                                                           1,161                        1,676
         Income taxes payable/refundable                                            4,001                          171
         Other long-term liabilities                                                 (203)                         (33)
                                                                         ----------------                -------------
   Net cash from operating activities                                               3,478                        6,194
                                                                         ----------------                -------------
   Cash flows provided by (used in) investing activities:
     Acquisitions, net of cash                                                   (160,259)                    (341,046)
     Capital expenditures, net                                                     (5,486)                        (707)
                                                                         ----------------                -------------
   Net cash from investing activities                                            (165,745)                    (341,753)
                                                                         ----------------                -------------
   Cash flows provided by (used in) financing activities:
     Equity proceeds                                                               45,039                       15,188
     Proceeds from issuance of long-term obligations                              128,200                      337,500
     Repayment of long-term obligations                                              (336)                      (3,009)

     Financing fees and other                                                      (7,800)                     (14,000)
                                                                         ----------------                -------------
   Net cash from financing activities                                             165,103                      335,679
                                                                         ----------------                -------------
   Net change in cash and cash equivalents                                          2,836                          120
   Cash and cash equivalents at beginning of the period                                 0                            0
                                                                         ----------------                -------------
   Cash and cash equivalents at end of the period                        $          2,836                $         120
                                                                         ================                =============
</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. 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 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 automotive, appliance, computer and data communications 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 and six months ended June 30, 1996, are not necessarily
         indicative of the results that may be expected for a full fiscal year.

         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.





                                       4
<PAGE>   7
 
                         INTERNATIONAL WIRE GROUP, INC.
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 

         Statement of Cash Flows

         Interest paid and taxes refunded, net of payments, for the six months
         ended June 30, 1996 were $19,422 and $3,426, 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 March 31, 1996 to June
         30, 1996 the Company wrote down the copper valuation in inventory, the
         effect of which increased the loss before income tax provision by
         approximately $6,500.

         The composition of inventories at June 30, 1996, is as follows:

<TABLE>
<S>                                                          <C>
Raw materials                                                $     19,684
Work-in-process                                                    12,997
Finished goods                                                     17,931
                                                             ------------
    Total                                                    $     50,612
                                                             ============
</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.  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.       DWT ACQUISITION

         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 six months ended June 30, 1996 and 1995 as though
         the DWT Acquisition and related financing had occurred at the 
         beginning of the respective periods, is as follows:

<TABLE>
<CAPTION>
                                                                                      Six Months Ended
                                                                                          June 30,
                                                                                1996                      1995(1)
                                                                          --------------              --------------
<S>                                                                       <C>                         <C>
Net sales                                                                 $      293,964             $       317,072
Net income (loss)                                                                (10,368)                     (2,772)
</TABLE>



-----------------  
         (1)     Data gives effect to the IW Acquisition as though it occurred
                 as of January 1, 1995.





                                      5



<PAGE>   8
                                                                                
                         INTERNATIONAL WIRE GROUP, INC.
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
6.   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 certain shut-down, commitment costs for leased equipment and
     facilities and severance related costs. A summary of activity related to 
     plant closing is as follows:
 
<TABLE>
<CAPTION>
                                                            SIX MONTHS ENDED    ONE MONTH ENDED
                                                              JUNE 30, 1996     JUNE 30, 1995
                                                            ----------------    ---------------
<S>                                                              <C>                 
Balance, beginning of period................................     $  700             $    --  
Charges to operations:                                                                     
  Facility shut-down costs..................................      2,500                 731
  Lease commitments.........................................        570                  67
  Key personnel and severance costs.........................        930                 952
                                                                 ------             -------
                                                                  4,000               1,750
Costs incurred:                                                                            
  Facility shut-down costs..................................       (202)                 --  
  Lease commitments.........................................         --                  --  
  Key personnel and severance costs.........................         --                  --  
                                                                 ------             -------
                                                                   (202)                 --  
                                                                 ------             -------
Balance, end of period......................................     $4,498             $ 1,750
                                                                 ======             =======
</TABLE>

7.   RESTATEMENT OF FINANCIAL INFORMATION

     The Company has restated its previously issued financial statements for the
     one month ended June 30, 1995 to reflect certain adjustments.  These
     adjustments relate primarily to the recognition of certain costs 
     associated with plant closings.

     The impact of these adjustments on the Company's financial results as 
     originally reported is summarized below:

<TABLE>
<CAPTION>
                                                           FOR THE ONE MONTH ENDING
                                                                JUNE 30, 1995
                                                          --------------------------
                                                          AS REPORTED    AS RESTATED
                                                          ------------   -----------
                                                            (AMOUNTS IN THOUSANDS)
       <S>                                                <C>            <C>
       Income (loss) before income taxes . . . . . . .    $    (30)       $  (1,980)
       Net income (loss) . . . . . . . . . . . . . . .    $     40        $  (1,910)
       Retained earnings (deficit) . . . . . . . . . .    $     40        $  (1,910)
</TABLE>

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



                                       6
<PAGE>   9
 
                         INTERNATIONAL WIRE GROUP, INC.
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 

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.
 

                                      7
<PAGE>   10
                         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 June 30, 1996
ASSETS
   Cash ......................................   $       --      $    2,694    $    142     $      --      $   2,836      
   Accounts receivable........................           --          78,037       6,412        (3,691)        80,758 
   Inventory .................................           --          50,433         179            --         50,612
   Other assets ..............................           --           3,590          24            --          3,614
                                                 ----------      ----------   ---------   -----------      ---------
     Total current assets ....................           --         134,754       6,757        (3,691)       137,820
   Property, plant and equipment, net ........           --         107,901       8,690            --        116,591
   Intangible assets, net ....................       21,609         320,398          --            --        342,007
   Investment in subsidiaries ................      593,332              --          --      (593,332)            --
   Other assets ..............................           --           5,939         927            --          6,866
                                                 ----------      ----------   ---------   -----------      ---------
     Total assets ............................   $  614,941      $  568,992   $  16,374   $  (597,023)     $ 603,284
                                                 ==========     ===========  ==========  ============      ==========
LIABILITIES AND STOCKHOLDERS' EQUITY                                          
  Current liabilities ........................   $   24,746      $   77,479   $   2,446   $    (3,691)     $ 100,980
  Long-term obligations, less current 
    maturities ...............................      439,832           4,736          --            --        444,568
  Other long-term liabilities ................           --          14,388          --                       14,388
  Intercompany (receivable) payable ..........       39,257         (52,603)     13,346            --             --
                                                 ----------      ----------   ---------   -----------      ---------
     Total liabilities .......................      503,835          44,000      15,792        (3,691)       559,936
  Stockholders' equity
  Common Stock ...............................           --              --          --            --             --

  Preferred stock ............................           --               4          --            --              4
  Contributed capital.........................      125,113         572,012          18      (572,030)       125,113
  Predecessor basis ..........................           --         (67,762)         --            --        (67,762)
  Retained earnings...........................      (14,007)         20,738         564       (21,302)       (14,007)
                                                 ----------      ----------   ---------   -----------      ---------
     Total stockholders' equity ..............      111,106         524,992         582      (593,332)        43,348
                                                 ----------      ----------   ---------   -----------      ---------
     Total liabilities and          
       stockholders' equity ..................   $  614,941      $  568,992   $  16,374   $  (597,023)     $ 603,284
                                                 ==========      ==========   =========   ===========      =========

</TABLE>


                                      8
<PAGE>   11
                        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>
STATEMENT OF OPERATIONS
For the three months ended June 30,
     1996
Net sales ................................ $      --  $  147,309    $   8,453    $    (8,453)        $  147,309  
Operating expenses:                                                                        
   Cost of goods sold ....................        --     118,176        4,770         (8,453)           114,493  
   Selling, general and administrative ...        --       8,258        2,599             --             10,857  
   Depreciation and amortization .........        --       6,465          437             --              6,902  
   Inventory valuation adjustment ........        --       6,500           --             --              6,500  
                                           ---------  ----------    ---------    -----------         ----------  
Operating income (loss) ..................        --       7,910          647             --              8,557  
Other income (expense) ...................                                                                       
   Interest expense ......................   (11,011)         --           --             --            (11,011) 
   Amortization of deferred financing                                                                            
     costs ...............................    (1,091)         --           --             --             (1,091) 
   Equity in net income (loss) of                                                                                
     subsidiaries ........................     8,280          --           --         (8,280)                --  
   Other .................................        --          43           --             --                 43  
                                           ---------  ----------    ---------    -----------         ----------  
Income (loss) before income tax                                                                                  
     provision ...........................    (3,822)      7,953          647         (8,280)            (3,502) 
Income tax provision .....................        --         309           11             --                320  
                                           ---------  ----------    ---------    -----------         ----------- 
Net income (loss) ........................ $  (3,822) $    7,644    $     636    $    (8,280)        $   (3,822) 
                                           =========  ==========    ==========   ===========         =========== 


</TABLE>



                                      9
<PAGE>   12
                        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>
STATEMENT OF OPERATIONS                       
For the six months ended June 30, 1996                                                       
Net sales................................   $     --     $266,116      $16,096        $(16,096)   $ 266,116 
Operating expenses                                                                                          
    Cost of goods sold ..................         --      215,573        8,491         (16,096)     207,968 
    Selling, general and administrative..         --       15,491        5,087              --       20,578 
    Depreciation and amortization .......         --       12,200          746              --       12,946 
    Inventory valuation adjustment ......         --        8,500           --              --        8,500
    Expenses related to plant closings...         --        4,000           --              --        4,000 
                                            --------     --------      -------        --------    --------- 
Operating income (loss)..................         --       10,352        1,772              --       12,124 
Other income (expense)...................                                                                   
    Interest expense.....................    (20,583)          --           --              --      (20,583)
    Amortization of deferred financing                                                                      
      costs..............................     (1,814)          --           --              --       (1,814)
    Equity in net income (loss) of                                                                          
      subsidiaries.......................     11,681           --           --         (11,681)          -- 
    Other ...............................         --          132           --              --          132 
                                            --------     --------      -------        --------    --------- 
Income (loss) before income tax                                                                             
      provision .........................    (10,716)      10,484        1,772         (11,681)     (10,141)
Income tax provision ....................         --          409          166              --          575 
                                            --------     --------      -------        --------    --------- 
Net income (loss)........................   $(10,716)    $ 10,075      $ 1,606        $(11,681)   $ (10,716)
                                            ========     ========      =======        ========    ========= 
</TABLE>




                                       10
<PAGE>   13
                        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>          
STATEMENT OF CASH FLOWS                                                                                                        
For the six months ended June 30, 1996
Net cash from operating activities.................   $    (5,069)    $      6,627      $   1,920     $    --     $     3,478  
                                                      -----------     ------------      ---------     -------     -----------  
Cash flows provided by (used in)                                                                                               
  investing activities:                                                                                                        
  Acquisition, net of cash.........................      (160,259)              --             --          --        (160,259) 
  Capital expenditures.............................            --           (3,679)        (1,807)         --          (5,486) 
                                                      -----------     ------------      ---------     -------     -----------  
Net cash used in investing activities..............      (160,259)          (3,679)        (1,807)         --        (165,745) 
                                                      -----------     ------------      ---------     -------     -----------  
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...............          (111)            (225)            --          --            (336) 
  Financing fees and other.........................        (7,800)                             --          --          (7,800) 
                                                      -----------     ------------      ---------     -------     -----------  
Net cash from financing activities.................       165,328             (225)            --          --         165,103  
                                                      -----------     ------------      ---------     -------     -----------  
Net change in cash.................................   $        --     $      2,723      $     113     $    --     $     2,836  
                                                      ===========     ============      =========     =======     ===========  
</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
                        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>
STATEMENT OF OPERATIONS                       
For the one month ended June 30, 1995                                                       
Net sales................................   $     --     $ 36,263      $   702        $   (702)   $ 36,263
Operating expenses
    Cost of goods sold ..................         --       29,466          511            (702)     29,275
    Selling, general and administrative..         --        1,959          578              --       2,537
    Depreciation and amortization .......         --        1,239          235              --       1,474
    Expenses related to plant closings...         --        1,750           --              --       1,750
                                            --------     --------      -------        --------    --------
Operating income (loss)..................         --        1,849         (622)             --       1,227
Other income (expense)...................
    Interest expense.....................     (2,779)          --           --              --      (2,779)
    Amortization of deferred financing
      costs..............................       (245)          --           --              --        (245)
    Equity in net income (loss) of
      subsidiaries.......................      1,114           --           --          (1,114)         --
    Other ...............................         --         (183)          --              --        (183)
                                            --------     --------      -------        --------    --------
Income (loss) before income tax
      provision .........................     (1,910)       1,666         (622)         (1,114)     (1,980)
Income tax provision ....................         --           --          (70)             --         (70)
                                            --------     --------      -------        --------    --------
Net income (loss)........................   $ (1,910)    $  1,666      $  (552)       $ (1,114)   $ (1,910)
                                            ========     ========      =======        ========    ========
</TABLE>




                                       13
<PAGE>   16
                        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>          
STATEMENT OF CASH FLOWS                                                                                                        
For the one month ended June 30, 1995
Net cash from operating activities.................   $     5,367     $        618      $     209     $    --     $     6,194  
                                                      -----------     ------------      ---------     -------     -----------  
Cash flows provided by (used in)                                                                                               
  investing activities:                                                                                                        
  Acquisition, net of cash.........................      (341,046)              --             --          --        (341,046) 
  Capital expenditures.............................            --             (367)          (340)         --            (707) 
                                                      -----------     ------------      ---------     -------     -----------  
Net cash used in investing activities..............      (341,046)            (367)          (340)         --        (341,753) 
                                                      -----------     ------------      ---------     -------     -----------  
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...............        (3,009)                             --          --          (3,009) 
  Financing fees and other.........................       (14,000)                             --          --         (14,000) 
                                                      -----------     ------------      ---------     -------     -----------  
Net cash from financing activities.................       335,679                              --          --         335,679  
                                                      -----------     ------------      ---------     -------     -----------  
Net change in cash.................................   $        --     $        251      $    (131)    $    --     $       120  
                                                      ===========     ============      =========     =======     ===========  
</TABLE>    


                                     14
<PAGE>   17
                                   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





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