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U.S. Securities and Exchange Commission
Washington, D.C. 20549
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Form 10-QSB
(Mark One)
[X] QUARTERLY REPORT UNDER SECTION 13 OR
15(D) OF THE SECURITIES EXCHANGE ACT OF
1934
For the quarterly period ended March 31, 1995.
[ ] TRANSITION REPORT UNDER SECTION 13 OR
15(D) OF THE EXCHANGE ACT
For the transition period from _______________ to ________________.
Commission file number 0-10634
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Mining Services International Corporation
(Exact Name of Small Business issuer as specified in its charter)
Utah 87-0351702
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
5284 South Commerce Drive, Suite C-244
Salt Lake City, Utah 84107-7930
(Address of principal executive offices)
Issuers telephone number: (801) 261-5666
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Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the 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
State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:April 27, 1995 - 5,195,728
Transitional Small Business Disclosure Format (check one):
Yes No X
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SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
MINING SERVICES INTERNATIONAL CORPORATION
(Registrant)
May 5, 1995 /s/ Lex L. Udy
(Date) Lex L. Udy
Vice Chairman and
Secretary
/s/ Duane W. Moss
Duane W. Moss
Chief Financial Officer
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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Financial Data Schedule
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF THE COMPANY AS FILED IN ITS 10-KSB (ITEM 7) FOR THE YEAR
ENDED DECEMBER 31, 1994 AND ITS 10-QSB (ITEM 1) FOR THE QUARTER ENDED
MARCH 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
10-KSB 10-QSB
Item NumberItem Description Amount Amount
5-02(1) cash and cash items $109,000 $413,000
5-02(2) marketable securities $0 $0
5-02(3)(a)(1)notes and accounts receivable-trade $2,209,000 $2,603,000
5-02(4) allowances for doubtful accounts $28,000 $28,000
5-02(6) inventory $528,000 $556,000
5-02(9) total current assets $3,045,000 $3,692,000
5-02(13) property, plant and equipment $7,788,000 $8,076,521
5-02(14 accumulated depreciation $5,602,000 $5,770,246
5-02(18) total assets $11,635,000$12,746,000
5-02(21) total current liabilities $1,706,000 $2,292,000
5-02(22) bonds, mortgages and similar debt $506,000 $463,000
5-02(28) preferred stock-mandatory redemption $0 $0
5-02(29) preferred stock-no mandatory redemption $0 $0
5-02(30) common stock $6,000 $6,000
5-02(31) other stockholders' equity $8,423,000 $8,884,000
5-02(32) total liabilities and stockholders' equity
$11,635,000$12,746,000
5-03(b)1(a)net sales of tangible products $15,459,000 $4,983,000
5-03(b)1 total revenues $18,555,000 $5,665,000
5-03(b)2(a)cost of tangible goods sold $15,174,000 $4,442,000
5-03(b)2 total costs and expenses applicable to sales and revenues
$16,259,000 $5,009,000
5-03(b)3 other costs and expenses $44,000 $34,000
5-03(b)5 provision for doubtful accounts and notes $19,000 $0
5-03(b)(8) interest and amortization of debt discount and expense
$94,000 $24,000
5-03(b)(10)income before taxes and other items $2,252,000 $622,000
5-03(b)(11)income tax expense $622,000 $180,000
5-03(b)(14)income/loss continuing operations $1,630,000 $442,000
5-03(b)(15)discontinued operations $0 $0
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