<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
[ X ] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended APRIL 30, 1996
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[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE
EXCHANGE ACT
For the transition period from to
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Commission file number 1-14244
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GLAS-AIRE INDUSTRIES GROUP LTD.
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(Exact name of small business issuer as specified in its charter)
NEVADA 84-1214736
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(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
3137 GRANDVIEW HIGHWAY, VANCOUVER, B.C. V5M 2E9
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(Address of principal executive office)
(604) 435-8801
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(Issuer's telephone number)
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(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 the past 90 days.
Yes No X
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Number of shares outstanding of the issuer's Common Stock:
Class Outstanding at April 30, 1996
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Common Stock, $0.01 par value 932,421
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PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
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a) Exhibits: Exhibit 27, Financial Data Schedule.
b) Reports on Form 8-K: There were no reports on Form 8-K filed for the three
months ended April 30, 1996.
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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 thereunto duly authorized.
Date: August 15, 1996
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GLAS-AIRE INDUSTRIES GROUP LTD.
/s/ Alex Y.W. Ding
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Alex Y.W. Ding
President and Chief Operating Officer
<TABLE> <S> <C>
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<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR PERIOD ENDED 4/30/96 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JAN-31-1996
<PERIOD-START> FEB-01-1996
<PERIOD-END> APR-30-1996
<CASH> 28,996
<SECURITIES> 0
<RECEIVABLES> 457,481
<ALLOWANCES> 0
<INVENTORY> 676,358
<CURRENT-ASSETS> 1,482,909
<PP&E> 780,443
<DEPRECIATION> 0
<TOTAL-ASSETS> 2,263,352
<CURRENT-LIABILITIES> 511,052
<BONDS> 186,747
0
0
<COMMON> 984,386
<OTHER-SE> 581,167
<TOTAL-LIABILITY-AND-EQUITY> 2,263,352
<SALES> 787,363
<TOTAL-REVENUES> 787,363
<CGS> 507,088
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 230,626
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 3,182
<INCOME-PRETAX> 47,510
<INCOME-TAX> 15,543
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 31,967
<EPS-PRIMARY> 932,421
<EPS-DILUTED> 932,421
</TABLE>
