SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------
FORM 10-Q
[x] ANNUAL REPORT PURSUANT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarter Ended December 31, 1996
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES AND EXCHANGE ACT OF 1934
For the Transition Period from ______ to _____
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Commission File Number 33-28214-NY
Micro Holding Corp. (formerly Micro Care, Inc.)
(Exact name of Registrant as specified in its charter)
New York 11-2714923
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
90 Adams Avenue, Hauppauge, New York 11788
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (516) 231-2832
1952 Jericho Turnpike, East Northport, New York 11731
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__
As of the close of business on December 31, 1996, there were 170,000 shares of
the Registrant's Common Stock outstanding.
<PAGE>
MICRO HOLDING CORP. (formerly MICRO CARE, INC.)
UNAUDITED CONSOLIDATED BALANCE SHEETS
December 31, 1996 September 30, 1996
----------------- ------------------
ASSETS
Cash $ 216 $ 216
========= =========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Loans payable 5,500 5,500
--------- ---------
Stockholders' equity
Common stock 21,691 21,691
Surplus - Paid In 282,996 282,996
Treasury stock (21,000) (21,000)
--------- ---------
Outstanding stock 283,687 283,687
--------- ---------
Retained Earning/Deficit Beginning (288,971) (283,687)
Current Earnings (Loss) (5,284)
--------- ---------
Retained Earning/Deficit End (288,971) (288,971)
Stockholders equity (deficit) (5,284) (5,284)
Liabilities & Stockholders Equity $ 216 $ 216
========= =========
<PAGE>
MICRO HOLDING CORP. (formerly MICRO CARE, INC.)
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED DECEMBER 31,
1996 1995
------------ -----------
The Company ceased operations in July 31, 1991 and
has been inactive since.
<PAGE>
MICRO HOLDING CORP. (formerly MICRO CARE, INC.)
UNAUDITED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED DECEMBER 31,
1996 1995
------------ -----------
No Activity No Activity
<PAGE>
THE COMPANY
Micro Holding Corp. (formerly Micro Care, Inc.) (the "Company") was engaged
in the business of servicing and repairing microcomputers and peripheral
equipment principally through the sale and renewal of maintenance contracts. On
July 31, 1991, the Company ceased operations.
The Company was incorporated under the laws of the State of New York on
November 14, 1984. The Company operated its business under the unregistered
trademark "Micro Care." Its offices are located at 90 Adams Avenue, Hauppauge,
New York 11788. Its telephone number is (516) 231-2832.
<PAGE>
MICRO HOLDING CORP. (formerly MICRO CARE, INC.)
NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)
Note 1-Summary of Significant Accounting Policies
A. The Company:
Micro Holding Corp. (formerly Micro Care, Inc.) was incorporated in the State of
New York on November 14, 1984. The Company was engaged in the repair and service
of personal computers and computer peripherals principally through the sale and
renewal of maintenance contracts. As of July 31, 1991, the Company ceased all
operations.
B. Unaudited Information:
In the opinion of management, all adjustments, consisting only of normal
recurring adjustments, necessary for a fair presentation of financial position,
results of operations and cash flows have been included in the financial
statements.
<PAGE>
Micro Holding Corp.
Other Information
December 31, 1996
PART II
Item 6. Exhibits and Reports on form 8-k
a) Exhibits - none
b) Reports on Form 8-K:
The following reports on Form 8K were filed by the Company during the
quarter ended December 31, 1996:
NONE
<PAGE>
Signatures
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
MICRO HOLDING CORP. (Formerly MICRO CARE, INC.)
(REGISTRANT)
By:/s/ James J. Charles
-------------------------
James J. Charles
Dated: February 14, 1996
Pursuant to the requirements of the Securities Exchange Act of 1934, this
Report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.
/s/ James J. Charles
- ------------------------------- February 14, 1996
James J. Charles
Principal Executive Officer
Principal Financial Officer and
Principal Accounting Officer
/s/ Seema Wasil
- ------------------------------- February 14, 1996
Seema Wasil
Secretary
Director
/s/ Rahul Rametra
- ------------------------------- February 14, 1996
Rahul Rametra
Director
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> SEP-30-1996
<PERIOD-END> DEC-31-1996
<CASH> 216
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 216
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 216
<CURRENT-LIABILITIES> 5,500
<BONDS> 0
0
0
<COMMON> 21,691
<OTHER-SE> 261,996
<TOTAL-LIABILITY-AND-EQUITY> 216
<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>
