U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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 July 31, 1996
Transition report under Section 13 or 15 (d) of the Exchange Act
For the transition period from to
Commission file number 0-12122
DANZAR INVESTMENT GROUP, INC.
(Exact Name of Small Business Issuer as Specified in Its Charter)
Colorado 84-0601802
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
17770 Preston Road, Dallas, Texas 75252
(Address of Principal Executive Offices)
(972) 733-3005
(Issuer's Telephone Number, Including Area Code)
(Former Name, Former Address and Former Fiscal Year, if Changed
Since Last Report)
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 past 90 days.
X Yes No
APPLICABLE ONLY TO ISSUERS INVOLVED IN
BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS
Check whether the registrant filed all documents and reports
required to be filed by Section 12, 13, or 15 (d) of the Exchange Act
after the distribution of securities under a plan confirmed by a
court.
Yes No
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date:
74,940,317, common stock, no par value.
<PAGE>
DANZAR INVESTMENT GROUP INC.
I N D E X
Page No.
<TABLE>
Part I FINANCIAL INFORMATION:
<S> <C>
Item 1. Condensed Balance
Sheets 3
Condensed Statements of
Operations 4
Condensed Statements of
Cash Flows 5
Notes to Condensed
Financial Statements
(unaudited) 6
Item 2. Management's Discussion
and Analysis of Financial
Condition and Results of
Operations 6
Part II OTHER INFORMATION 7
</TABLE>
<PAGE>
DANZAR INVESTMENT GROUP INC.
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
CONDENSED BALANCE SHEETS
ASSETS
<TABLE>
July 31, 1996 April 30, 1996
(Unaudited) (Audited)
<S> <C> <C>
Cash $ 66 $ 66
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Accounts payable $ 4,134 $ 4,134
Advances from officer and
affiliates 300 300
Total current liabilities 4,434 4,434
Stockholders' Equity (Deficit):
Common stock no par value,
75,000,000 shares authorized;
74,940,317 shares issued
at July 31, 1995 and April 30, 1995 9,481 9,481
Additional paid in capital 873,216 873,216
Deficit
(3,235) (3,235)
Less treasury stock, 68,353 shares
at cost (1,133) (1,133)
(4,368) (4,368)
$ 66 $ 66
</TABLE>
See accompanying notes to these financial statements.
<PAGE>
DANZAR INVESTMENT GROUP INC.
CONDENSED STATEMENTS OF OPERATIONS
(UNAUDITED)
<TABLE>
Three Months Ended
July 31,
1996 1995
<S> <C> <C>
Income $ - $ -
Expenses - -
Loss from operations - -
Provision for taxes $ - $ -
NET LOSS $ - $ -
LOSS PER COMMON SHARE* $ * $ *
WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING 74,940,317 74,940,317
*Net loss is less than $0.001 per share
</TABLE>
See accompanying notes to these financial statements.
<PAGE>
DANZAR INVESTMENT GROUP INC.
CONDENSED STATEMENTS OF CASH FLOWS
(UNAUDITED)
<TABLE>
Three Months Ended
July 31,
1996 1995
<S>
CASH FLOWS FROM OPERATING ACTIVITIES: <C> <C>
Loss from operations $ - $ -
Increase in accounts payable - -
Increase in accrued expenses - -
Net cash used by operating activities - -
CASH FLOWS FROM INVESTING ACTIVITIES - -
CASH FLOWS FROM FINANCING ACTIVITIES:
Loan from Affiliate - -
Net cash provided by financing
activities - -
NET INCREASE (DECREASE) IN CASH - -
CASH AT BEGINNING OF PERIOD 66 66
CASH AT END OF PERIOD $ 66 $ 66
SUPPLEMENTAL INFORMATION:
Cash paid for interest $ - $ -
Cash paid for taxes $ - $ -
</TABLE>
See accompanying notes to these financial statements.
<PAGE>
DANZAR INVESTMENT GROUP INC. AND SUBSIDIARIES
NOTES TO CONDENSED FINANCIAL STATEMENTS
(UNAUDITED)
Financial Statements
The accompanying unaudited financial statements have been prepared in
accordance with the instructions to Form 10-QSB and do not include all of
the information and footnotes required by generally accepted accounting
principles for complete financial statements.
In the opinion of management, all adjustments (consisting of normal
recurring accruals) considered necessary for a fair presentation have been
included. These statements should be read in conjunction with the audited
financial statements and notes thereto included in the Registrant's annual
Form 10-KSB for the year ended April 30, 1996. The results of the
operations for the three-month period ended July 31, 1994 are not
necessarily indicative of the operating results for the fiscal year ending
April 30, 1996.
Item 2.Management Discussion and Analysis of Financial Condition and
Results of Operations
No operating revenues were received during the six months ended July 31,
1996 and 1995. For the three months ended July 31, 1996, loss before tax
was $____ compared to $____ loss for the three months ended July 31, 1995.
General and administrative expenses result from expenses related to SEC
reporting requirements and recordkeeping fees.
Liquidity and Capital Resources
The Registrant has met its shortfall of funds from operations during prior
periods by the sale of its majority owned subsidiaries assets, and by
borrowing from its Directors and companies affiliated with its Directors.
The Registrant's present needs for liquidity principally relates to its
obligations for its SEC reporting requirements and the minimal requirements
for record keeping. The Registrant has negligible liquid assets available
for its continuing needs. At present the Registrant has no material
sources of external liquidity, and in the absence of any additional liquid
resources, the Registrant will be faced with cash flow problems.
<PAGE>
PART II - OTHER INFORMATION
Item 6.Exhibits and Reports on Form 8-K.
(a) Exhibits:
(1) Articles of Incorporation: Incorporated by reference to
Registration Statement filed
on Form 10, May 10, 1984;
File No. 0-12122
(2) Bylaws: Incorporated by reference as
immediately above.
(b) Reports on Form 8-K
None
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 thereto duly authorized.
DANZAR INVESTMENT GROUP INC.
(Registrant)
By: /s/ Daniel Wettreich
DANIEL WETTREICH, PRESIDENT
Date: September 14, 1996
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> APR-30-1996
<PERIOD-END> JUL-31-1996
<CASH> 66
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 66
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 66
<CURRENT-LIABILITIES> 4434
<BONDS> 0
0
0
<COMMON> 9481
<OTHER-SE> (12716)
<TOTAL-LIABILITY-AND-EQUITY> 4368
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 0
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
