BONDED MOTORS INC
10QSB/A, 1996-08-06
MOTOR VEHICLE PARTS & ACCESSORIES
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<PAGE>
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                  Form 10-QSB

[x]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT 
     OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1996


[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934 FOR THE TRANSITION PERIOD FROM _________ TO __________


                          Commission File No. 0-28102
                                              -------

                              BONDED MOTORS, INC.
                              -------------------

               (Name of small business issuer in its charter)


               California                                       95-2698520
     -------------------------------                         ----------------
     (State or other jurisdiction of                         (I.R.S. Employer
     incorporation or organization)                         Identification No.)

7522 South Maie Avenue, Los Angeles, CA                            90001
- ---------------------------------------                            -----
(Address of principal executive offices)                         Zip Code

Issuer's telephone number:      (213) 583-8631

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act during the past 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 [_]


    There were 3,000,000 shares of common stock outstanding at July 30, 1996

<PAGE>
                                 SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
registrants caused this report to be signed on its behalf by the undersigned,
thereunder duly authorized.


                                               Bonded Motors, Inc.




Dated: July 30, 1996                           ----------------------- 
                                               Paul Sullivan
                                               Chief Financial Officer


                                    -13-


<TABLE> <S> <C>


<PAGE>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                       2,518,146
<SECURITIES>                                         0
<RECEIVABLES>                                2,812,807
<ALLOWANCES>                                    45,229
<INVENTORY>                                  3,152,355
<CURRENT-ASSETS>                             9,236,382
<PP&E>                                       1,510,237
<DEPRECIATION>                               1,051,293
<TOTAL-ASSETS>                               9,695,326
<CURRENT-LIABILITIES>                        3,079,027
<BONDS>                                              0
                                0
                                          0
<COMMON>                                     4,648,651
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                 9,695,326
<SALES>                                      5,027,299
<TOTAL-REVENUES>                             5,027,299
<CGS>                                        3,861,618
<TOTAL-COSTS>                                3,861,618
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               6,301
<INCOME-PRETAX>                                504,039
<INCOME-TAX>                                    86,104
<INCOME-CONTINUING>                            417,935
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   417,935
<EPS-PRIMARY>                                     0.14
<EPS-DILUTED>                                        0
        

</TABLE>


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