SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
[x] Annual Report Pursuant to Section 13 or 15(d) of the Securities and
Exchange Act of 1934 [Fee Required]
For the Fiscal Year ended December 31, 1994
OR
[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities
and Exchange of 1934 [No Fee Required]
For the Transition Period From______________ to_____________
Commission File No. 33-31639
FINCA CONSULTING, INC.
Exact Name of Registrant as Specified in its Charter
COLORADO 84-1101572
State or Other Jurisdiction ofIRS Employer Identification
Incorporation or OrganizationNumber
Koenigsallee 106, 40215 Duesseldorf, Germany
Address of Principal Executive Offices Zip Code
(011-49-211) 384860
Registrants Telephone Number, Including Area Code
Securities Registered Pursuant to Section 12(b) of the Act:
NONE
Title of Each Class Name of Each Exchange on Which Registered
NONE NONE
Securities Registered pursuant to Section 12(g)
of the Act:
NONE
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of 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 by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not 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-K or any amendment to this
Form 10-K. [ ]
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Finca Consulting, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements
NOTE 3 - RELATED PARTY TRANSACTIONS, Continued
(3) During 1994 the Company's subsidiary, Opti-Wert - Interest AG
sold 1,688,146 shares of the Company's preferred stock to its
customers. Gross proceeds therefrom amounted to $5,419,638.
Opti-Wert - Interest AG's proportionate costs of the offering,
consisting of allocable selling, general and administrative
expenses amounted to $1,841,260 and have been charged against
such gross proceeds.
(4) OWIAG has granted a loan of $141,750 to its company manager.
The loan is payable in quarterly installments of $7,020 with
interest at five percent per annum.
(5) Finca Consulting Limited, a wholly-owned subsidiary of the
Company, was provided, free of charge, office space in London,
England in the business office of a Company officer and
director through November 1, 1994.
NOTE 4 - INCOME TAXES
As of December 31, 1994, the Company had U. S. net operating loss
carryforwards of approximately $1,000,000, substantially all of which
expire by 2001.
The Company has not provided a deferred tax asset at December 31, 1994
and 1993 since it is undetermined that the deferred asset would be
realized in the future.
NOTE 5 - OPERATING LEASE COMMITMENTS
The Company leases office space in Playa de Aro, Spain under a five
year lease which commenced February 1991. The lease is cancelable with
a 90 day notice and provides for annual rent increases based on a price
index. The Company paid $29,888 and $32,103 for the years 1994 and
1993, respectively.
In January 1992 the Company entered into a lease agreement for office
space in Dusseldorf, Germany. The lease required a deposit of $37,345
and requires monthly rental of $12,448 through December 1996. The
monthly rent may be increased based on a price index and the lease
provides for a five year renewal option.
In January 1993, the Company leased the Spanish property, consisting of
a residential dwelling located in Gerona, Spain to Volker Montag, an
officer and director of the Company. The term of the lease is for a
period of five years commencing January 1, 1993 and requires payment of
$1,000 rent per month for each of the ensuing sixty months.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, as amended, the Registrant has duly caused this Amendment No. 1 to
its Form 10-K to be signed on its behalf by the undersigned, thereunto duly
authorized.
FINCA CONSULTING, INC.
Date: January 8, 1997 s/Volker Montag
By: Volker Montag
President
And Chief Financial Officer
fin9410k.am1
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