<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, 1997
                               ----------------------------------------------

                                     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:

<TABLE>
<CAPTION>
                                                 Outstanding at
               Class                              July 31, 1997     
  -------------------------------            -----------------------
  <S>                                                 <C>
  International Wire Group, Inc.
  Common Stock                                        1,000

</TABLE>
<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, 1997 and December 31, 1996 . . . . . . . . . .     1
 Consolidated Statements of Operations for the three and six months ended June 30, 1997 
 and the three and six months ended June 30, 1996  . . . . . . . . . . . . . . . . . . . .     2
 Consolidated Statements of Cash Flows for the six months ended June 30, 1997 and six
 months ended June 30, 1996  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     3
 Notes to Consolidated Financial Statements  . . . . . . . . . . . . . . . . . . . . . . .     4
 SIGNATURES  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     18
</TABLE>






                                       i
<PAGE>   3
                         INTERNATIONAL WIRE GROUP, INC.
                          CONSOLIDATED BALANCE SHEETS
                      (IN THOUSANDS, EXCEPT SHARE DATA)

<TABLE>
<CAPTION>
                                                                        June 30,       December 31,  
                                                                    ---------------   ---------------
                                                                          1997             1996      
                                                                    ---------------   ---------------
                              ASSETS                                  (Unaudited)
 <S>                                                                      <C>             <C>
 Current assets:
   Accounts receivable, less allowance of $1,418
    and $1,363, respectively . . . . . . . . . . . . . . . . . .          $100,307         $71,181
   Inventories . . . . . . . . . . . . . . . . . . . . . . . . .            65,066          60,362
   Prepaid expenses and other  . . . . . . . . . . . . . . . . .            11,119           5,060
   Deferred income taxes . . . . . . . . . . . . . . . . . . . .             4,741           4,741
                                                                          --------        --------
     Total current assets  . . . . . . . . . . . . . . . . . . .           181,233         141,344
   Property, plant and equipment, net  . . . . . . . . . . . . .           156,513         118,551
   Deferred financing costs, net . . . . . . . . . . . . . . . .            24,890          21,222
   Intangible assets, net  . . . . . . . . . . . . . . . . . . .           244,931         244,655
   Other assets  . . . . . . . . . . . . . . . . . . . . . . . .             7,229           5,248
                                                                          --------        --------
     Total assets  . . . . . . . . . . . . . . . . . . . . . . .          $614,796        $531,020
                                                                          ========        ========
           LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)
 Current liabilities:
   Current maturities of long-term obligations . . . . . . . . .            $4,463         $20,948
   Accounts payable  . . . . . . . . . . . . . . . . . . . . . .            42,065          45,832
   Accrued and other liabilities . . . . . . . . . . . . . . . .            53,706          41,183
   Accrued interest  . . . . . . . . . . . . . . . . . . . . . .             2,716           4,648
                                                                          --------        --------
     Total current liabilities . . . . . . . . . . . . . . . . .           102,950         112,611
   Long-term obligations, less current maturities  . . . . . . .           521,296         426,719
   Deferred income taxes . . . . . . . . . . . . . . . . . . . .            14,719          14,719
   Other long-term liabilities . . . . . . . . . . . . . . . . .            19,746          12,162
     Total liabilities . . . . . . . . . . . . . . . . . . . . .           658,711         566,211
   Stockholder's equity (deficit):
   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,
      $25 liquidation value, 0 and 400,000 shares authorized, 
        issued and outstanding as of June 30, 1997 and December
        31, 1996, respectively . . . . . . . . . . . . . . . . .                --               4
   Contributed capital . . . . . . . . . . . . . . . . . . . . .           114,193         125,340
   Carryover of predecessor basis  . . . . . . . . . . . . . . .           (67,762)        (67,762)
   Accumulated deficit . . . . . . . . . . . . . . . . . . . . .           (90,346)        (92,773)
                                                                          --------        --------
     Total stockholder's equity (deficit) . . . . . . . . . . . .           (43,915)        (35,191)
                                                                          --------        --------
     Total liabilities and stockholder's equity (deficit)  . . .          $614,796        $531,020
                                                                          ========        ========
</TABLE>





       See accompanying notes to the consolidated financial statements

                                      1

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

<TABLE>
<CAPTION>
                                                        Three Months              Six Months
                                                            Ended                    Ended
                                                          June 30,                 June 30,
                                                    ----------------------------------------------
                                                      1997        1996         1997         1996
                                                    ----------------------------------------------
 <S>                                                <C>         <C>          <C>          <C>
 Net sales . . . . . . . . . . . . . . . . . . .    $189,398    $147,309     $365,551     $266,116
 Operating expenses:
   Cost of goods sold  . . . . . . . . . . . . .     146,465     114,493      284,378      207,968
   Selling, general and administrative . . . . .      14,411      10,857       27,719       20,578
   Depreciation and amortization . . . . . . . .       8,656       6,902       16,167       12,946
   Inventory valuation adjustment  . . . . . . .          --       6,500           --        8,500
   Expenses related to plant closings  . . . . .          --          --          500        4,000
                                                     -------    --------     --------     --------        
 Operating income  . . . . . . . . . . . . . . .      19,866       8,557       36,787       12,124
 Other income (expense):
   Interest expense  . . . . . . . . . . . . . .     (13,369)    (11,011)     (25,380)     (20,583)
   Amortization of deferred financing costs  . .      (1,062)     (1,091)      (2,057)      (1,814)
   Other, net  . . . . . . . . . . . . . . . . .          --          43           11          132
                                                     -------    --------     --------     --------        
 Income (loss) before income taxes and
   extraordinary item  . . . . . . . . . . . . .       5,435      (3,502)       9,361      (10,141)
 Income tax provision  . . . . . . . . . . . . .       2,313         320        3,943          575
                                                     -------    --------     --------     --------        
 Income (loss) before extraordinary item . . . .       3,122      (3,822)       5,418      (10,716)
 Extraordinary item - loss related to early
   extinguishment of debt, net of taxes of
     $1,995  . . . . . . . . . . . . . . . . . .      (2,991)         --       (2,991)          --
                                                     -------    --------     --------     --------        
 Net income (loss) . . . . . . . . . . . . . . .     $   131    $ (3,822)    $  2,427     $(10,716)
                                                     -------    --------     --------     --------   
</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        Six Months
                                                                        Ended             Ended
                                                                      June 30,          June 30,     
                                                                    -------------  ------------------
                                                                        1997              1996       
                                                                    -------------  ------------------
 <S>                                                                 <C>                 <C>
 Cash flows provided by (used in) operating activities:
   Net income (loss) . . . . . . . . . . . . . . . . . . . . . .     $   2,427         $   (10,716)
   Adjustments to reconcile net income (loss) to net cash
     provided by (used in) operating activities:
     Depreciation and amortization . . . . . . . . . . . . . . .        16,167              12,946
     Amortization of deferred financing costs  . . . . . . . . .         2,057               1,814
     Extraordinary loss on early extinguishment of debt  . . . .         4,986                  --
     Inventory valuation adjustment  . . . . . . . . . . . . . .            --               8,500
     Change in assets and liabilities, net of acquisitions:
       Accounts receivable . . . . . . . . . . . . . . . . . . .       (13,654)            (11,380)
       Inventories . . . . . . . . . . . . . . . . . . . . . . .        20,482               5,541
       Prepaid expenses and other  . . . . . . . . . . . . . . .        (4,220)             (2,751)
       Accounts payable  . . . . . . . . . . . . . . . . . . . .       (17,522)             (8,546)
       Accrued and other liabilities . . . . . . . . . . . . . .        (2,284)              3,111
       Accrued interest  . . . . . . . . . . . . . . . . . . . .        (1,932)              1,161
       Income taxes payable/refundable . . . . . . . . . . . . .            --               4,001
       Other long-term liabilities . . . . . . . . . . . . . . .         1,824                (203)
                                                                     ---------         -----------  
 Net cash provided by operating activities . . . . . . . . . . .         8,331               3,478
                                                                     ---------         -----------
 Cash flows provided by (used in) investing activities:
   Acquisitions, net of cash . . . . . . . . . . . . . . . . . .       (58,996)           (160,259)
   Capital expenditures. . . . . . . . . . . . . . . . . . . . .        (7,679)             (5,486)
                                                                     ---------         -----------  
 Net cash from investing activities  . . . . . . . . . . . . . .       (66,675)           (165,745)
                                                                     ---------         -----------  
 Cash flows provided by (used in) financing activities:
   Equity proceeds . . . . . . . . . . . . . . . . . . . . . . .            --              45,039
   Proceeds from issuance of long-term obligations . . . . . . .       228,125             128,200
   Borrowing (repayment) of long-term obligations  . . . . . . .      (162,992)               (336)
   Cash dividends paid on preferred stock  . . . . . . . . . . .        (1,378)                 --
   Financing fees and other  . . . . . . . . . . . . . . . . . .        (5,411)             (7,800)
                                                                     ---------         -----------    
 Net cash from financing activities  . . . . . . . . . . . . . .        58,344             165,103
                                                                     ---------         -----------
 Net change in cash  . . . . . . . . . . . . . . . . . . . . . .            --               2,836
 Cash at beginning of the period . . . . . . . . . . . . . . . .            --                  --
                                                                     ---------         -----------
 Cash at end of the period . . . . . . . . . . . . . . . . . . .     $      --         $     2,836
                                                                     =========         ===========
</TABLE>





       See accompanying notes to the consolidated financial statements

                                      3


<PAGE>   6
                         INTERNATIONAL WIRE GROUP, INC
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (IN THOUSANDS)
                                  (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").  On February 12, 1997, the Company
         acquired all of the issued and outstanding common stock of Camden Wire
         Co., Inc. ("Camden Wire") a wholly-owned subsidiary of Oneida LTD.
         (the "Camden Acquisition").  See Note 3.

         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 six
         months ended June 30, 1997 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 six months ended June 30, 1997 were
         $27,312 and $1,721, respectively.

         Recently Issued Accounting Standards

         Statement of Financial Accounting Standards No. 130, Reporting
         Comprehensive Income, is effective for years beginning after December
         15, 1997.  This statement requires that an enterprise classify items
         of other comprehensive income by their nature in the financial
         statements and display the accumulated balance of other comprehensive
         income separately from retained earnings and additional paid-in
         capital in the equity section of the statement of position.





                                       4

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


         Statement of Financial Accounting Standards No. 131, Disclosures about
         Segments of an Enterprise and Related Information, is effective for
         years beginning after December 15, 1997.  This statement requires that
         a public business report financial and descriptive information about
         its reportable business segments.

         The Company believes that the future adoption of these statements will
         not have a significant impact on the results of operations of
         financial position but will have disclosure requirement.

3.       CAMDEN ACQUISITION

         On February 12,1997, the Company completed the Camden Acquisition. The
         total consideration of $65,000 paid in connection with the Camden
         Acquisition, including fees and expenses, consisted of (i) cash and
         (ii) the assumption of debt related to Industrial Revenue Bonds. The
         cash portion of the consideration paid and the transaction fees and
         expenses incurred in connection with the Camden Acquisition were
         funded with $65,000 of senior debt under the Amended and Restated
         Credit Agreement.

         The Camden 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  . . . . . . . . . . . . . . . . . .        $ 48,033
         
         Property, plant & equipment . . . . . . . . . . . .          42,041

         Goodwill  . . . . . . . . . . . . . . . . . . . . .           3,802
         
         Other, non-current  . . . . . . . . . . . . . . . .           1,696
         
         Fees and costs  . . . . . . . . . . . . . . . . . .           3,250

         Current liabilities . . . . . . . . . . . . . . . .         (28,062)
         
         Other liabilities . . . . . . . . . . . . . . . . .          (5,760)
                                                                    --------
                                                                    $ 65,000
                                                                    ========
</TABLE>

         Unaudited pro forma results of operations of the Company for the six
         months ended June 30, 1997 and June 30, 1996 are included below. Such
         pro forma presentation has been prepared assuming that the Camden
         Acquisition and related financing had occurred as of January 1, 1997
         and January 1, 1996, respectively, and that the DWT Acquisition and
         related financing had occurred as of January 1, 1996.


<TABLE>
<CAPTION>
                                                              Six Months Ended
                                                                  June 30,
                                                         ------------------------
                                                            1997          1996
                                                         ------------------------
           <S>                                           <C>             <C>
           Net sales . . . . . . . . . . . . . . .       $384,542        $363,134

           Income (loss) before extraordinary 
             item. . . . . . . . . . . . . . . . .       $  4,327        $ (6,551)

           Net income (loss) . . . . . . . . . . .       $  1,366        $ (6,551)
</TABLE>                                           

4.       INVENTORIES

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





                                       5

<PAGE>   8
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)



         The composition of inventories at June 30, 1997 is as follows:


<TABLE>
         <S>                                            <C>
         Raw materials . . . . . . . . . . . . . . .    $      26,033
         Work-in-process . . . . . . . . . . . . . .           18,305
         Finished goods  . . . . . . . . . . . . . .           20,728
                                                        -------------
             Total . . . . . . . . . . . . . . . . .    $      65,066
                                                        =============
</TABLE>

5.       LONG-TERM OBLIGATIONS

         The composition of long-term obligations at June 30,1997 is as
         follows:


<TABLE>
         <S>                                            <C>
         Credit Agreement:                              
           Revolving credit facility . . . . . . . . .  $          --
           Term facility . . . . . . . . . . . . . . .        185,500
         Senior Subordinated Notes . . . . . . . . . .        150,000
         Series B Senior Subordinated Notes  . . . . .        150,000
         Series B Senior Subordinated Notes Premium  .         13,036
         Exchange notes  . . . . . . . . . . . . . . .          5,000
         Industrial revenue bonds  . . . . . . . . . .         15,500
         Other . . . . . . . . . . . . . . . . . . . .          6,723
                                                        -------------
                                                              525,759
         Less, current maturities  . . . . . . . . . .          4,463
                                                        -------------
                                                        $     521,296
                                                        =============
</TABLE>

         The schedule of principal payments for long-term obligations at June
         30, 1997 is as follows:


<TABLE>
           <S>                                          <C>            
           1997  . . . . . . . . . . . . . . . . . . .  $       2,251  
           1998  . . . . . . . . . . . . . . . . . . .          4,424  
           1999  . . . . . . . . . . . . . . . . . . .          5,674  
           2000  . . . . . . . . . . . . . . . . . . .          6,924  
           2001  . . . . . . . . . . . . . . . . . . .          8,174  
           Thereafter  . . . . . . . . . . . . . . . .        485,276  
                                                        -------------  
               Total . . . . . . . . . . . . . . . . .  $     512,723  
                                                        =============  
</TABLE>

         During the second quarter of 1997 the Company issued $150,000 of
         11.75% Series B Senior Subordinated Notes due June 2005, priced at
         108.75% The proceeds of this issuance were used to pay down the term
         facility of the Credit Agreement.

         Credit Agreement

         In connection with the Series B Senior Subordinated Note issuance, the
         Company amended the Amended and Restated Credit Agreement dated June
         17, 1997, with certain financial institutions.  This amendment to the
         Amended and Restated Credit Agreement provides senior secured
         financing of up to $260,500, consisting of a $25,000 Term A loan and a
         $160,500





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


         Term B loan (collectively called the "Term Facility") and a $75,000
         revolving loan and letter of 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
         September 30, 2002 at which time the Revolver is also due. The final
         installment on the Term B Loan is due September 30, 2003.

         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 .5 % or (b) the
         Eurodollar Rate (as defined in the Amended Credit Agreement) plus
         1.5%. Borrowings under the Term B Loan bear interest, at the option of
         Group, at a rate per annum equal to (a) the Alternate Base Rate (as
         defined in the Amended Credit Agreement) plus 1.0% or (b) the
         Eurodollar Rate (as defined in the Amended Credit Agreement) plus
         2.0%. The Alternate Base Rate and Eurodollar Rate margins are
         established quarterly based on a formula as defined in the Amended and
         Restated Credit Agreement. 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 and
         Restated 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 issued in connection with the
         Acquisitions and the Series B Senior Subordinated Notes issued in
         connection with refinancing of the Term Facility (collectively called
         the "Senior Notes") were issued under similar indentures (the
         "Indentures") dated June 12, 1995 and June 17, 1997 respectively. 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 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.

         Exchange Notes

         In February 1997, the Company exchanged $10,000 of Series A Senior
         Cumulative Exchangeable Redeemable Preferred Stock (the "Preferred
         Stock") for 14.0% Senior Subordinated Notes due June 1, 2005 (the
         "Exchange Notes") and paid all dividends in arrears related to the
         Preferred Stock.  The Exchange Notes were issued under an indenture
         dated February 12, 1997 (the "Exchange Indenture").  The Exchange
         Notes represent unsecured general obligations of Group, are
         subordinated to all Senior Indebtedness (as defined in the Exchange
         Indenture) of Group and rank on equal terms with the Senior Notes.

         In June 1997, the Company offered to repurchase its Exchange Notes for
         a cash price of 113% of the principal amount, plus accrued interest.
         As a result of this offer, the Company acquired $5,000 principal
         amount of these notes.

         The Exchange Notes are fully and unconditionally (as well as jointly
         and severally) guaranteed on an unsecured, senior subordinated basis
         by each Guarantor Subsidiary other than the NonGuarantor Subsidiaries.
         Each of the Guarantor Subsidiaries and Non-Guarantor Subsidiaries is
         wholly owned by the Company.





                                       7

<PAGE>   10
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)




         The Exchange Notes mature on June 1, 2005. Interest on the Exchange
         Notes is payable semiannually on each June 1 and December 1. The
         Exchange Notes bear interest at the rate of 14.0% per annum. The
         Exchange Notes may not be redeemed prior to June 1, 2000, except mi
         the event of a Change of Control (as defined) and at such applicable
         premium (as defined). The Exchange Notes are redeemable, at the
         Company's option, at the redemption prices of 105.875% at June 1,
         2000, and at decreasing prices to 100% at June 1, 2003, and
         thereafter, with accrued interest.

         Industrial Revenue Bonds

         In connection with the Camden Acquisition the Company assumed debt
         related to two Industrial Revenue Bonds (the "IRB's") totaling
         $15,500. The IRB's are due in August, 2005 and March, 2016 in the
         amounts of $9,000 and $6,500 respectively. The IRB's bear interest at
         a rate per annum which is tied to the Tax Exempt Money Market Index.
         Rates change weekly and interest is paid monthly.

6.       PLANT CLOSING EXPENSE

         In March, 1997, the Company recorded a pretax charge to operations of
         $500 to provide for plant closing costs.  The plant closing costs
         relate to consolidating a wire segment facility and include provisions
         for certain shut-down and severance related costs. A summary of
         activity related to plant closing is as follows:


<TABLE>
<CAPTION>
                                                               Six Months      Six Months
                                                                 Ended           Ended
                                                                June 30,        June 30,
                                                              -----------------------------
                                                                  1997            1996
                                                              -----------------------------
           <S>                                                  <C>              <C>
           Balance, beginning of period . . . . . . . . . . .   $  2,462         $   700
           Charges to operations:                           
             Facility shut-down costs  . . . . . . . . . . .        375           2,500
             Lease commitments . . . . . . . . . . . . . . .         --             570
             Key personnel and severance costs . . . . . . .        125             930
                                                               --------         -------            
                                                                    500           4,000
           Costs incurred:                                  
             Facility shut-down costs  . . . . . . . . . . .     (1,128)           (202)
             Lease commitments . . . . . . . . . . . . . . .       (114)             --
             Key personnel and severance costs . . . . . . .       (202)             --
                                                               --------         -------            
                                                                 (1,444)           (202)
                                                               --------         -------            
           Balance, end of period  . . . . . . . . . . . . .   $  1,518         $ 4,498
                                                               ========         =======
</TABLE>

7.       INCOME TAXES

         Wirekraft's U.S. income tax returns for the years 1993-1995 are being
         reviewed by the Internal Revenue Service.  The proposed settlement is
         being reviewed by the Joint Tax Committee. The Company believes that
         final settlement will not have a material adverse effect and that
         adequate amounts of taxes and related interest, if any, have been
         provided.





                                       8
<PAGE>   11
                         INTERNATIONAL WIRE GROUP, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)



8.       EXTRAORDINARY ITEMS-LOSS RELATED TO EARLY RETIREMENT OF DEBT

         In June 1997, the Company refinanced debt under the Credit Agreement.
         Accordingly, the Company recorded an extraordinary loss of $2,601, net
         of income tax related to the write-off of deferred financing fees. In
         addition, the Company repurchased $5,000 of the Exchange Notes.  An
         extraordinary loss of $390, net of income tax, was recognized related
         to a prepayment premium.

9.       GUARANTOR SUBSIDIARIES

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




                                       9

<PAGE>   12
 
                         INTERNATIONAL WIRE GROUP, INC.
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
<TABLE>
<CAPTION>
                                                                  TOTAL         TOTAL                               
                                                     COMPANY    GUARANTOR   NON-GUARANTOR   ELIMINATIONS    TOTAL   
                                                     --------   ---------   -------------   ------------   -------- 
<S>                                                  <C>        <C>         <C>             <C>            <C>      
BALANCE SHEET                                                                                                       
  As of June 30, 1997                                                                                               
ASSETS                                                                                                              
  Cash.............................................  $     --   $    (79)      $    79       $      --     $     -- 
  Accounts receivable..............................        --    100,191         1,434          (1,318)     100,307 
  Inventory........................................        --     65,066            --              --       65,066 
  Other assets.....................................     4,741     11,119            --              --       15,860 
                                                     --------   --------       -------       ---------     -------- 
          Total current assets.....................     4,741    176,297         1,513          (1,318)     181,233 
Property, plant and equipment, net.................        --    147,234         9,279              --      156,513 
Intangible assets, net.............................    24,890    244,931            --              --      269,821 
Investment in subsidiaries.........................   567,712         --            --        (567,712)          -- 
Other assets.......................................        --      6,370           859              --        7,229 
                                                     --------   --------       -------       ---------     -------- 
          Total assets.............................  $597,343   $574,832       $11,651       $(569,030)    $614,796 
                                                     ========   ========       =======       =========     ======== 
LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)                                                                                
  Current liabilities..............................  $  6,216   $ 95,290       $ 2,762       $  (1,318)    $102,950 
  Long-term obligations, less current                                                                               
     maturities....................................   500,036     21,260            --              --      521,296 
  Other long-term liabilities......................    14,719     19,746            --              --       34,465 
  Intercompany (receivable) payable................    52,525    (58,110)        5,585              --           -- 
                                                     --------   --------       -------       ---------     -------- 
          Total liabilities........................   573,496     78,186         8,347          (1,318)     658,711 
  Stockholder's equity (deficit)                                                                                    
     Common stock.................................         --         --            --              --           -- 
     Contributed capital...........................   114,193    572,012            18        (572,030)     114,193 
     Carryover of predecessor basis................        --    (67,762)           --              --      (67,762)
     Accumulated deficit...........................   (90,346)    (7,604)        3,286           4,318      (90,346)
                                                     --------   --------       -------       ---------     -------- 
          Total stockholder's equity (deficit).....    23,847    496,646         3,304        (567,712)     (43,915)
                                                     --------   --------       -------       ---------     --------
          Total liabilities and
            stockholder's equity (deficit) ........  $597,343   $574,832       $11,651       $(569,030)    $614,796
                                                     ========   ========       =======       =========     ========
</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 Operations
For the three months ended June 30, 1997
Net sales . . . . . . . . . . . . . . . . . .   $     --      $ 189,398   $   9,457   $   (9,457)     $ 189,398
Operating expenses
   Cost of goods sold . . . . . . . . . . . .         --        151,961       3,961       (9,457)       146,465
   Selling, general and administrative  . . .         --         11,083       3,328           --         14,411
   Depreciation and amortization  . . . . . .         --          8,041         615           --          8,656
                                                --------      ---------   ---------   ----------      ---------
Operating income (loss) . . . . . . . . . . .         --         18,313       1,553           --         19,866
Other income (expense)
   Interest expense   . . . . . . . . . . . .    (13,369)            --          --           --        (13,369)
   Amortization of deferred financing costs .     (1,062)            --          --           --         (1,062)
   Equity in net income (loss) of
      subsidiaries  . . . . . . . . . . . . .     17,553             --          --      (17,553)            --
   Other, net . . . . . . . . . . . . . . . .         --             (4)          4           --             --
                                                --------      ---------   ---------   ----------      ---------
Income (loss) before income tax                                        
      provision . . . . . . . . . . . . . . .      3,122         18,309       1,557      (17,553)         5,435
Income tax provision  . . . . . . . . . . . .         --          2,179         134           --          2,313
                                                --------      ---------   ---------   ----------      ---------
Income (loss) before extraordinary item . . .      3,122         16,130       1,423      (17,553)         3,122
Extraordinary item, net of income taxes . . .     (2,991)            --          --           --         (2,991)
                                                --------      ---------   ---------   ----------      ---------
Net income (loss) . . . . . . . . . . . . . .   $    131      $  16,130   $   1,423   $  (17,553)     $     131
                                                ========      =========   =========   ==========      =========
</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>
STATEMENT OF OPERATIONS
  For the six months ended June
     30, 1997
Net sales.......................  $      --    $365,551        $18,023         $(18,023)     $365,551
Operating expenses
  Cost of goods sold............         --     294,794          7,607          (18,023)      284,378
  Selling, general and
     administrative.............         --      21,369          6,350               --        27,719
  Depreciation and
     amortization...............         --      15,118          1,049               --        16,167
  Expenses related to plant
     closings...................         --         500             --               --           500
                                  ---------    --------        -------         --------      --------
Operating income (loss).........         --      33,770          3,017               --        36,787
Other income (expense)
  Interest expense..............    (25,380)         --             --               --       (25,380)
  Amortization of deferred
     financing costs............     (2,057)         --             --               --        (2,057)
  Equity in net income (loss) of
     subsidiaries...............     32,855          --             --          (32,855)           --
  Other.........................         --          10              1               --            11
                                  ---------    --------        -------         --------      --------
Income (loss) before income tax
  provision.....................      5,418      33,780          3,018          (32,855)        9,361
Income tax provision............         --       3,678            265               --         3,943
                                  ---------    --------        -------         --------      --------
Income (loss) before
  extraordinary item............      5,418      30,102          2,753          (32,855)        5,418
Extraordinary item, net of
  income taxes..................     (2,991)         --             --               --        (2,991)
                                  ---------    --------        -------         --------      --------
Net income (loss)...............  $   2,427    $ 30,102        $ 2,753         $(32,855)     $  2,427
                                  =========    ========        =======         ========      ========
</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 CASH FLOWS
  For the six months ended June 30,
     1997
Net cash from operating activities....  $ (42,084)  $ 48,923       $ 1,492        $    --      $   8,331
                                        ---------   --------       -------        -------      ---------
Cash flows provided by (used in)
  investing activities:
  Acquisition, net of cash............         --    (58,996)           --             --        (58,996)
  Capital expenditures................         --     (6,128)       (1,551)            --         (7,679)
                                        ---------   --------       -------        -------      ---------
Net cash from investing activities....         --    (65,124)       (1,551)            --        (66,675)
                                        ---------   --------       -------        -------      ---------
Cash flows provided by (used in)
  financing activities:
  Equity proceeds.....................         --         --            --             --             --
  Proceeds from issuance of long-term
     obligations......................    211,614     16,511            --             --        228,125
  Repayment of long-term
     obligations......................   (162,741)      (251)           --             --       (162,992)
  Cash dividends paid on preferred
     stock............................     (1,378)        --            --             --         (1,378)
  Financing fees and other............     (5,411)        --            --             --         (5,411)
                                        ---------   --------       -------        -------      ---------
Net cash from financing activities....     42,084     16,260            --             --         58,344
                                        ---------   --------       -------        -------      ---------
Net change in cash....................  $      --   $     59       $   (59)       $    --      $      --
                                        =========   ========       =======        =======      =========
</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>
BALANCE SHEET
  As of December 31, 1996
ASSETS
  Cash...........................  $      --   $    (138)      $   138        $      --     $      --
  Accounts receivable............         --      70,010         1,902             (731)       71,181
  Inventory......................         --      59,648           714               --        60,362
  Other assets...................      5,375       4,314           112               --         9,801
                                   ---------   ---------       -------        ---------     ---------
          Total current assets...      5,375     133,834         2,866             (731)      141,344
  Property plant and equipment,
     net.........................         --     109,774         8,777               --       118,551
  Intangible assets, net.........     19,722     246,155            --               --       265,877
  Investment in subsidiaries.....    534,857          --            --         (534,857)           --
  Other assets...................         --       4,368           880               --         5,248
                                   ---------   ---------       -------        ---------     ---------
          Total assets...........  $ 559,954   $ 494,131       $12,523        $(535,588)    $ 531,020
                                   =========   =========       =======        =========     =========
 
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
  Current liabilities............  $  24,620   $  85,866       $ 2,856        $    (731)    $ 112,611
  Long term obligations, less
     current maturities..........    420,422       6,297            --               --       426,719
  Other long-term liabilities....      6,081      20,790            10               --        26,881
  Intercompany (receivable)
     payable.....................     76,260     (85,366)        9,106               --            --
                                   ---------   ---------       -------        ---------     ---------
          Total liabilities......    527,383      27,587        11,972             (731)      566,211
  Stockholders' equity (deficit)
     Common stock................         --          --            --               --            --
     Preferred stock.............          4          --            --               --             4
     Contributed capital.........    125,340     572,012            18         (572,030)      125,340
     Predecessor carryover.......         --     (67,762)           --               --       (67,762)
     Retained earnings...........    (92,773)    (37,706)          533           37,173       (92,773)
                                   ---------   ---------       -------        ---------     ---------
          Total stockholders'
            equity (deficit).....     32,571     466,544           551         (534,857)      (35,191)
                                   ---------   ---------       -------        ---------     ---------
          Total liabilities and
            stockholders' equity
            (deficit)............  $ 559,954   $ 494,131       $12,523        $(535,588)    $ 531,020
                                   =========   =========       =======        =========     =========
</TABLE>




                                      14

<PAGE>   17
                         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 . . . . . .         --            4,500            --             --             4,500
                                                --------         --------        ------        -------         ---------
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>

 
                                      15

<PAGE>   18

 
                         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 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>



                                     16

<PAGE>   19
 
                         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)
  Cash dividends paid on preferred
     stock............................         --         --            --            --              --
  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>
 
                                      17

<PAGE>   20



                                   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

                                        
                                        
                                        
                                        
                                      18