PARADISE INC
10KSB/A, 1996-07-03
SUGAR & CONFECTIONERY PRODUCTS
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        UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C.  20549
                               
                         FORM 10-KSB/A
          ANNUAL REPORT UNDER SECTION 13 OR 15 (d) OF
              THE SECURITIES EXCHANGE ACT OF 1934
                               
          For the fiscal year Ended December 31, 1995
                   Commission File No. 0-3026
                               
                         PARADISE, INC.
                    INCORPORATED IN FLORIDA
               IRS IDENTIFICATION NO.  59-1007583
                               
            1200 DR. MARTIN LUTHER KING, JR., BLVD.
                   PLANT CITY, FLORIDA 33566
                  TELEPHONE NO.  813-752-1155
                               
Securities Registered Under Section 12 (b) of the Exchange Act:
                              None
Securities Registered Under Section 12 (g) of the Exchange Act:
                                                                
                                             Name of Each Exchange
          Title of Each Class                     On Which Registered

          Common Stock,
             $.30 Par Value                            None

          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,
          and (2) has been subject to such filing requirements for the past
          90 days.  Yes   x   No___

          Check if there is no disclosure of delinquent filers in response
          to Item 405 of Regulation S-B contained in this form, and no
          disclosure will be contained, to the best of registrant's knowledge
          , in definitive proxy or information statements incorporated by
          reference in Part III of this Form 10-KSB or any amendment to this
          Form 10-KSB.  Yes x   No___

          Issuer's revenues for its most recent fiscal year:    $20,013,900

          State the aggregate market value of the voting stock held by
          nonaffiliates of the registrant, $1,868,103 (as of January 31,
          1996, bid price $6.75)

          Class                              Outstanding at December 31, 1995

          Common Stock,
           $.30 Par Value                         519,170 Shares
                               
                               
                           SIGNATURES
                               
                               
In accordance with Section 13 or 15(d) of the Exchange Act, the Registrant
 has duly caused this Report to be signed on its behalf by the undersigned,
 thereunto duly authorized.
                               
                               
__________________________          PARADISE, INC.
                              Date
                               
                               
                              Melvin S. Gordon
                                 President
                               
In accordance with the Exchange Act this report has been signed below by the
 following persons on behalf of the Registrant in the capacities and on the
 dates indicated.


s/  Frank A. Weaner      Chairman of the Board -       ____________________
Frank A. Weaner             Principal Executive Officer          Date


s/ Melvin S. Gordon      President and Dirctor       ____________________
Melvin S. Gordon                                     Date


s/ Eugene L. Weiner      Executive Vice President
                      and Director - Principal
                      Financial and Account-      ____________________
                      ing Officer                 Date


s/ Randy S. Gordon       Vice President and            ____________________
                       Director                   Date


s/ Tracy W. Schulis      Vice President and            ____________________
                       Director                   Date


s/ Mark H. Gordon        Vice President and            ____________________
                       Director                   Date


<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1994
<PERIOD-END>                               DEC-31-1995             DEC-31-1994
<CASH>                                      $2,723,443                $746,324
<SECURITIES>                                        $0                      $0
<RECEIVABLES>                               $1,132,317              $1,911,442
<ALLOWANCES>                                        $0                      $0
<INVENTORY>                                 $4,105,497              $3,804,268
<CURRENT-ASSETS>                            $8,653,863              $7,394,235
<PP&E>                                     $16,771,772             $16,955,900
<DEPRECIATION>                             $11,514,234             $11,304,633
<TOTAL-ASSETS>                             $14,422,021             $13,484,647
<CURRENT-LIABILITIES>                       $3,766,906              $6,356,022
<BONDS>                                     $3,862,560              $2,240,928
<COMMON>                                      $174,816                $174,816
                               $0                      $0
                                         $0                      $0
<OTHER-SE>                                  $6,921,695              $6,250,483
<TOTAL-LIABILITY-AND-EQUITY>               $14,422,021             $13,484,647
<SALES>                                    $20,013,900             $21,976,182
<TOTAL-REVENUES>                           $20,162,105             $22,068,130
<CGS>                                      $13,309,577             $15,419,318
<TOTAL-COSTS>                              $13,309,577             $15,419,318
<OTHER-EXPENSES>                              $798,918                $850,200
<LOSS-PROVISION>                                    $0                      $0
<INTEREST-EXPENSE>                            $736,613                $755,303
<INCOME-PRETAX>                             $1,156,397                $532,012
<INCOME-TAX>                                  $433,268                $181,550
<INCOME-CONTINUING>                           $433,268                $181,550
<DISCONTINUED>                                      $0                      $0
<EXTRAORDINARY>                                     $0                      $0
<CHANGES>                                           $0                      $0
<NET-INCOME>                                  $723,129                $350,462
<EPS-PRIMARY>                                    $1.39                    $.67
<EPS-DILUTED>                                    $1.39                    $.67
        

</TABLE>


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