Securities and Exchange Commission
                              Washington, D.C. 20549


                                     Form 10K


                  Annual Report Pursuant to Section 13 or 15(d)
                      of the Securities Exchange Act of 1934
                  For the fiscal year ended February 29, 1996

                 Commission File No. 1-9542


                                TECHKNITS, INC.
                (Exact Name of Company as specified in its Charter)



               New York                               11-2343548
      (State or other jurisdiction of               (I.R.S. Employer
       incorporation or organization)            Identification Number)

                  10 Grand Avenue, Brooklyn, New York 11205
                   (Address of Principal Executive Offices)

The Company's telephone number including area code: (718) 875-3299


Securities Registered Pursuant to Section 12(b) of the Act:  None


Securities Registered Pursuant to Section 12(g) of the Act:  

   Title of Each Class         Name of each exchange on which registered
     Common Stock                          NASDAQ
(Par Value $.003 per Share)

Indicate by check mark whether the Company (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 requirement for the past 90 days.     Yes  X    No     

Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.  [   ]





This amendment is being failed to include the Financial Data Schedule (EX-27)

                            SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized, in the
City of New York, State of New York, on the 31st day of May 1996.

                         TECHKNITS, INC.
                         Registrant


                                      
                         Simon Taub
                         Simon Taub
                         Chairman of the Board