SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
(Mark One)
[X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended: September 30, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file number: 0-17304
CNH Holdings Company, f/k/a Coral Companies, Inc.
(Exact name of small business issuer as specified in its charter)
Nevada 11-2867201
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification number)
4221 E. Pontatoc Canyon Dr., Tucson, Arizona 85718
(Address of principal executive offices)(Zip Code)
Issuer's telephone number, including area code: (520) 577-6611
Indicate by check mark whether the issuer (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
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date: As of November 7,
1996, there were approximately 400,000 shares outstanding.
<PAGE>
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
CNH HOLDINGS COMPANY
BALANCE SHEETS
September 30, 1996 March 31, 1996
(unaudited)
ASSETS
Assets $ ---- $ ----
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities $ ---- $ ----
Stockholders' Equity
Preferred stock, $.001 par value,
1,000,000 shares authorized,
no shares issued and outstanding
Common stock, $.0005 par value,
1,000,000 shares authorized,
400,000 shares issued and
outstanding 229,531 229,531
Additional paid-in capital 4,482,953 4,482,953
Accumulated deficit (4,712,484) (4,712,484)
Total stockholders' equity ----- -----
$ ----- $ -----
The Company discontinued operations effective December 31, 1990<PAGE>
CNH HOLDINGS COMPANY
STATEMENT OF OPERATIONS
Six months ended Three months
ended
September 30, September 30,
1996 1995 1996 1995
(Loss) from
discontinued operations $----- ----- ----- -----
Net loss $----- ----- ----- -----
Net income (loss)
per common share $----- ----- ----- -----
Weighted average shares
outstanding 400,000 400,000 400,000 400,000
The Company discontinued operations December 31, 1990
CNH Holdings Company
Notes to Financial Statements
(Unaudited)
In the opinion of management, all adjustments (consisting of normal
recurring adjustments) considered necessary for a fair presentation of the
financial condition of registrant have been included, and the disclosures
are adequate to make the information presented not misleading.
Note 1. A summary of significant accounting policies is currently on file
with the U.S. Securities and Exchange Commission in registrant's Forms S-18
and S-1.
Note 2. The loss per share was computed by dividing net loss by the
weighted average number of shares of common stock outstanding during the
period.
Note 3. Registrant has not declared or paid dividends on its common shares
since inception.
Note 4. The accompanying unaudited financial statements have been prepared
in accordance with the instructions to Form 10-Q and do not include all
information and footnotes required by generally accepted accounting
principles for complete financial statements.
Note 5. Income taxes have not been provided for in that registrant has not
had a tax liability from inception to the date of these notes.
Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations
Results of Operations
The Company has had no revenues, operating or otherwise, since 1991.
Correspondingly, all expenses during these periods were administrative in
nature and immaterial in amount. Thus, no meaningful comparison can be
made between these fiscal years.
Liquidity and Capital Resources
The Company has had no liquidity sources since fiscal 1990. A capital
infusion provided for the payment of all administrative expenses incurred.
PART II - OTHER INFORMATION
Item 1. Litigation
No material legal proceedings to which the Company (or any officer or
director of the Company, or any affiliate or owner of record or
beneficially of more than five percent of the Common Stock, to management's
knowledge) is a party or to which the property of the Company is subject
is pending and no such material proceeding is known by management of the
Company to be contemplated.
Item 2. Change in Securities
This item is not applicable to the Company for the period covered by this
report.
Item 3. Defaults Upon Senior Securities
This item is not applicable to the Company for the period covered by this
report.
Item 4. Submission of Matters to a Vote of Security Holders
There were no meetings of security holders during the period covered by
this report; thus, this item is not applicable.
Item 5. Other Information
There is no additional information which the Company is electing to report
under this item at this time.
Item 6. Exhibits and Reports on Form 8-K
No reports on Form 8-K were filed by the Company during the period covered
by this report.<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 this 7th
day of November, 1996.
CNH Holdings Company
(Registrant)
By: /s/ Paul M. Lionti
Paul M. Lionti, President and Chief Executive Officer
By: /s/ Paul M. Lionti
Paul M. Lionti, Chief Financial and Accounting Officer and Treasurer
* * * * * *
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<ARTICLE> 5
<CIK> 0000821356
<NAME> CNH HOLDINGS COMPANY
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> SEP-30-1996
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 0
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<BONDS> 0
0
220,000
<COMMON> 4,492,984
<OTHER-SE> (4,712,984)
<TOTAL-LIABILITY-AND-EQUITY> 0
<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
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