SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: February 12, 1997
(Date of earliest event reported)
SMART CHOICE AUTOMOTIVE GROUP, INC.
(formerly Eckler Industries, Inc.)
(Exact name of registrant as specified in its charter)
Florida 1-14082 59-1469577
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
5200 South Washington Avenue, Titusville, Florida 32780
(Address of principal executive offices, zip code)
(407) 269-9680
(Registrant's telephone number, including area code)
This Amendment No. 1 supplements the Report on Form 8-K
filed with the Securities and Exchange Commission on February
12, 1997 by Smart Choice Automotive Group, Inc., formerly known
as Eckler Industries, Inc. (the "Registrant") to file (a) the
financial statements of the acquired companies and (b) the pro
forma financial information relating to the business combination
of the Registrant and the acquired companies.
ITEM 7 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Businesses Acquired.
The following financial statements of businesses
acquired are included herein pursuant to Item 7(a):
SMART CHOICE HOLDINGS, INC.
Independent Auditors Report
Balance Sheet as of December 31, 1996
Statement of Operations for the period from
inception (June 21, 1996) through
December 31, 1996
Statement of Capital Deficit for the period
from inception (June 21, 1996) through
December 31, 1996
Statement of Cash Flows for the period from
inception (June 21, 1996) through December
31, 1996
Summary of Accounting Policies
Notes to Financial Statements
LIBERTY FINANCE COMPANY, INC. AND AFFILIATES
Independent Auditors Report
Combined Balance Sheets as of December 31,
1996 and 1995
Combined Statements of Operations for the
Years Ended December 31, 1996 and 1995
Combined Statements of Stockholders' Equity
for the Years Ended December 31, 1996 and
1995
Combined Statements of Cash Flows for the
Years Ended December 31, 1996 and 1995
Notes to Combined Financial Statements
225 NORTH MILITARY TRAIL CORPORATION d/b/a MIRACLE
MILE MOTORS AND PALM BEACH FINANCE COMPANY, INC.
Independent Auditors Report
Combined Balance Sheets as of December 31,
1996 and 1995
Combined Statements of Income and Retained
Earnings for the Years Ended December 31,
1996 and 1995
Combined Statements of Cash Flows for the
Years ended December 31, 1996 and 1995
Notes to Combined Financial Statements
Supplemental Combining Balance Sheets as of
December 31, 1996
Supplemental Combining Statements of Income
and Retained Earnings for the Year Ended
December 31, 1996
Supplemental Combining Balance Sheets as of
December 31, 1995
Supplemental Combining Statements of Income
and Retained Earnings for the Year ended
December 31, 1995
FLORIDA FINANCE GROUP, INC., SUNCOAST AUTO
BROKERS, INC., and SUNCOAST AUTO BROKERS
ENTERPRISES, INC.
Independent Auditor's Report
Combined Balance Sheets as of December 31,
1996 and 1995
Combined Statement of Operations and Retained
Deficit for the Years Ended December 31,
1996 and 1995
Combined Statements of Cash Flows for the
Years Ended December 31, 1996 and 1995
Notes to Combined Financial Statements
Supplemental Combining Balance Sheets as of
December 31, 1996
Supplemental Combining Statements of
Operations and Retained Earnings for the
Year Ended December 31, 1996
Supplemental Combining Balance Sheets as of
December 31, 1995
Supplemental Combining Statements of
Operations and Retained Earnings for the
Year Ended December 31, 1995
(b) Pro Forma Financial Information
The following pro forma financial information
is included herein pursuant to Item 7(b):
SMART CHOICE AUTOMOTIVE GROUP, INC.
Pro Forma Consolidated Financial Information -
Explanatory Headnote (unaudited)
Pro Forma Consolidated Balance Sheets as of December 31,
1996 (unaudited)
Pro Forma Consolidated Statements of Operations for the
year ended December 31, 1996 (unaudited)
Pro Forma Consolidated Statements of Operations for the
three months ended December 31, 1996 (unaudited)
Notes to Pro Forma Cnsolidated Financial Information
(unaudited)
(c) Exhibits
The Exhibits to this report are set forth in the Exhibit
Index set forth herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
SMART CHOICE AUTOMOTIVE GROUP, INC.
By:/s/Gary R. Smith, President
April 14, 1997
EXHIBIT INDEX
99.1 Financial Statements of Smart Choice
Holdings, Inc. as of December 31, 1996,
and related statements of operations,
capital deficit and cash flows of the year
then ended, together with the report of
BDO Seidman, L.L.P.
99.2 Financial Statements of Liberty
Finance Company, Inc. And Affiliate as of
December 31, 1996 and 1995, and the
related combined statements of opertions,
stockholder's equity and cash flows of the
years then ended, together with the report
of Osburn, Henning & Co., CPA's, P.A.
99.3 Financial Statements of 225 North
Military Trail Corporation d/b/a Miracle
Mile Motors and Palm Beach Finance
Company, Inc. as of December 31, 1996 and
1995 and the related combined statements
of income and retained earnings, and cash
flows for the years then ended, together
with the report of Spence, Marston, Bunch,
Morris & Co., Certified Public
Accountants.
99.4 Financial Statements of Florida
Finance Group, Inc., Suncoast Auto Broker,
Inc. and Suncoast Auto Broker Enterprises,
Inc. as of December 31, 1996 and 1995 and
the related combined statements of
operations and retained deficits of cash
flows for the years then ended, together
with the report of Spence, Marston, Bunch,
Morris & Co., Certified Public
Accountants.
99.5 Pro Forma Financial Statements.