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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-QSB
/X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For Quarter ended June 30, 2000
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _________________ to ________________
Commission File No 0-30183
PANAGRA INTERNATIONAL CORP.
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(Exact name of registrant as specified in its charter)
New York 13-3874771
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(State or other jurisdiction (IRS Employer ID Number)
of incorporation or organization)
515 Madison Avenue, New York, NY 10022
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(Address of principal executive offices)
(212) 829-0905
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(Issuer's Telephone Number)
N/A
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(Former name, former address and former fiscal year, if changed since last
report)
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
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As of July 31, 2000, the Issuer had 3,600,000 shares of Common Stock,
par value $.001 per share, issued and outstanding.
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PART I
Item 1. Financial Statements
PANAGRA INTERNATIONAL CORP.
(A DEVELOPMENT STAGE COMPANY)
FINANCIAL STATEMENTS
JUNE 30, 2000
I N D E X
Page No.
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ACCOUNTANTS' REVIEW REPORT 3
BALANCE SHEET
June 30, 2000 4
STATEMENT OF OPERATIONS
For the Six Months and Three Months Ended June 30, 2000 5
STATEMENT OF STOCKHOLDERS' DEFICIENCY
For the Six Months Ended June 30, 2000 6
STATEMENT OF CASH FLOWS
For the Six Months Ended June 30, 2000 7
NOTES TO FINANCIAL STATEMENTS 8
2
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BRANCH OFFICE TEL 212-840-2595
20 LEBANON ROAD FAX 212-840-7239
SCARSDALE, NY 10583-7122
www.lwccpa.com
914-723-3376
Livingston, Wachtell & Co., LLP
certified public accountants
1140 avenue of the americas
new york, ny 10036-5803
LEONARD L. EIGER, C.P.A. JAY J. LIVINGSTON, C.P.A. (1919-1972)
SAM BECKER, C.P.A. THEODORE WACHTELL, C.P.A. (1919-1966)
IRA E. COHEN, C.P.A. HERBERT H. REYBURN, C.P.A. (1934-1985)
JAMES R. GRIMALDI, C.P.A. IRVING ZUCKERMAN, C.P.A. (1965-1985)
LAWRENCE GOLDMAN, C.P.A.
Board of Directors and Stockholders
Panagra International Corp.
(A Development Stage Company)
New York, N.Y. 10022
ACCOUNTANTS' REVIEW REPORT
We have reviewed the accompanying balance sheet of Panagra International Corp.
(A Development Stage Company) as of June 30, 2000 and the related statements of
operations for the six months and three months then ended and stockholders'
deficiency and cash flows for the six months then ended, in accordance with
Statements on Standards for Accounting and Review Services issued by the
American Institute of Certified Public Accountants. All information included in
these financial statements is the representation of the management of Panagra
International Corp. (A Development Stage Company)
A review consists principally of inquiries of company personnel and analytical
procedures applied to financial data. It is substantially less in scope than an
examination in accordance with generally accepted auditing standards, the
objective of which is the expression of an opinion regarding the financial
statements taken as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should
be made to the accompanying financial statements in order for them to be in
conformity with generally accepted accounting principles.
New York, New York
August 1, 2000
3
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Item 2. Management's Discussion and Analysis or Plan of Operation
See Note 1 to the Company's Financial Statements
Item 6. Exhibits and Reports on Form 8-K
(a) The Exhibits required to be filed herewith by item 601 of Regulation S-B
as described in the following index of exhibits are incorporated herein
by reference as follows:
Exhibit No. Description
3.1 Articles of Incorporation of Panagra International Corp. (1)
3.2 By-Laws of Panagra International Corp. (1)
27 Financial Data Schedule *
(1) Incorporated by reference from the Form 10-SB filed by the
Company on March 31, 2000
* Filed herewith
(b) Reports on Form 8-K
There were no reports on Form 8-K filed by the Company during the three
months ended June 30, 2000.
SIGNATURES
In accordance with the requirements of the Exchange Act, the Registrant
has caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Dated August 11, 2000 PANAGRA INTERNATIONAL CORP.
Elie Saltoun
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Chief Executive Officer
