UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
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FORM 10-QSB/A
Quarterly Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
For the quarter ended June 30, 1996 Commission File Number 0-Q8524
HIREL HOLDINGS, INC. AND SUBSIDIARIES
(Exact name of registrant as specified in its charter)
Delaware 65-0666Q39
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
19599 N.E. 10th Avenue
Suite A
North Miami Beach, Florida 33179
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (305) 653-7090
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Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 of 15(d) of the Securities and 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 No X
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of September 5, 1996 was 4,813,750.
<PAGE>
SIGNATURE
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Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report on Form 10-QSB/A to be signed on its
behalf by the undersigned thereon duly authorized.
HIREL HOLDINGS, INC. AND SUBSIDIARIES
By: /s/ Vincent Montelione
--------------------------------
Vincent Montelione,President
Date : September 9, 1996
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-mos
<FISCAL-YEAR-END> dec-31-1996
<PERIOD-END> Jun-30-1996
<CASH> 449,912
<SECURITIES> 0
<RECEIVABLES> 683,138
<ALLOWANCES> 0
<INVENTORY> 854,874
<CURRENT-ASSETS> 1,998,315
<PP&E> 760,166
<DEPRECIATION> 0
<TOTAL-ASSETS> 765,630
<CURRENT-LIABILITIES> 2,146,642
<BONDS> 0
0
0
<COMMON> 3,750
<OTHER-SE> 1,363,683
<TOTAL-LIABILITY-AND-EQUITY> 3,524,111
<SALES> 6,500,381
<TOTAL-REVENUES> 6,500,381
<CGS> 5,946,115
<TOTAL-COSTS> 506,477
<OTHER-EXPENSES> (7,645)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 12,964
<INCOME-PRETAX> 42,470
<INCOME-TAX> 10,000
<INCOME-CONTINUING> 32,470
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 32,470
<EPS-PRIMARY> .01
<EPS-DILUTED> .01
</TABLE>
