UNITES STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended: February 28, 1996
Commission File Number: 33-3424 NY
ALLURE COSMETICS, LTD.
(Exact name of registrant as specified in its charter)
Delaware 22-2473081
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
31-51 Steinway Street, L.I.C. New York 11103
(Address of principal executive Offices) (Zip Code)
Registrant's telephone number,
including area code (718) 545-0507
None
(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 1934 during the preceding 12
months (or for such shorter periods that the registrant was
required to file such reports) and (2) has been subjected
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 practical
date.
Common Stock, $.001 Par Value 13,775,000 shares as of
February 28, 1996.
INDEX
ALLURE COSMETICS, LTD.
PART I FINANCIAL INFORMATION
Item 1. Financial Statement (Unaudited)
Balance Sheets-August 31, 1995 and February 28, 1996.
Statements of Changes In Financial Position-Six months
ended February 28, 1995 and 1996.
Statements of Income-Three months and Six months
ended February 28, 1995 and 1996.
Notes To Financial Statements-February 28, 1996.
Item 2. Management's Discussion and Analysis of Financial
Condition and Results of operations.
Item 3. Quantitative and Qualitative Disclosures About
Market Risk.
None.
Part II OTHER INFORMATION
Item 1. Legal Proceedings.
Item 2. Changes in Securities and Use of Proceeds.
Item 3. Defaults Upon Senior Securities.
Item 4. Submission of Matters to a Vote of Security
Holders.
Item 5. Other Information
Item 6. Exhibits and Reports on Form 8-K (? 249.308 of
this chapter).
PART I
FINANCIAL INFORMATION
Item 1. Financial Statements.
ALLURE COSMETICS, LTD.
COMPARATIVE BALANCE SHEETS
ASSETS
At At
AUGUST 31,1995 FEBRUARY 28, 1996
(UNAUDITED) (UNAUDITED)
CURRENT ASSETS:
CASH $ 14 $ 14
TOTAL CURRENT ASSETS 14 14
PROPERTY PLANT AND EQUIPMENT:
AUTOMOTIVE EQUIPTMENT 29,446 29,446
29,446 29,446
LESS ALLOWANCE FOR
DEPRECIATION 27,446 27,446
NET PROPERTY PLANT AND
EQUIPTMENT 2,000 2,000
OTHER ASSETS:
INVESTMENT-GATTINI CORP. 700 700
TOTAL OTHER ASSETS 700 700
2,714 2,714
====== ======
See notes to financial statements.
The balance sheet at August 31, 1995 has been derived from
the unaudited financial statements at that date.
ALLURE COSMETICS, LTD.
COMPARATIVE BALANCE SHEET
LIABILITIES AND STOCKHOLDERS' EQUITY
AT AT
AUGUST 31,1995 FEBRUARY 28,1996
(UNAUDITED) (UNAUDITED)
CURRENT LIABILITIES
ACCOUNTS PAYABLE $ 63,377 $ 70,427
ACCRUED LIABILITIES 16,450 17,500
TAXES OTHER THAN INCOME TAX 21,622 21,622
TOTAL CURRENT LIABILITIES 101,449 109,549
TOTAL LIABILITIES $101,449 $109,549
STOCKHOLDERS EQUITY (DEFICIT)
COMMON STOCK, $.001 PAR VALUE
20,000,000 SHARES AUTHORIZED;
13,775,000 SHARES ISSUED AND
OUTSTANDING. 13,775 13,775
ADDITIONAL PAID IN CAPITAL 1,997,704 1,997,704
ACCUMULATED DEFICIT (2,110,214) (2,118,314)
TOTAL STOCKHOLDERS' EQUITY (98,735) (106,835)
2,714 2,714
=========== ===========
See notes to financial statements.
The balance sheet at August 31,1995 has been derived from
the unaudited financial statements at that date.
ALLURE COSMETICS, LTD.
STATEMENT OF INCOME
THREE MONTHS ENDED SIX MONTH ENDED
FEBRUARY 28 FEBRUARY 28
1995 1996 1995 1996
(UNAUDITED)(UNAUDITED) (UNAUDITED)(UNAUDITED)
NET SALES
CUSTOMERS $ 0 $ 0 $ 0 $ 0
MAKE-UP CENTER OF 55th ST. LTD. 0 0 0 0
0 0 0 0
COST OF SALES
CUSTOMERS 0 0 0 0
MAKE-UP CENTER OF 55th ST. LTD. 0 0 0 0
0 0 0 0
_____ _____ _____ _____
GROSS PROFIT 0 0 0 0
OPERATING EXPENSES
SELLING 0 0 0 0
ADMINISTRATIVE 4,053 4,050 8,135 8,100
TOTAL OPERATING EXPENSES 4,053 4,050 8,135 8,100
OPERATING PROFIT (LOSS) (4,053) (4,050) (8,135) (8,100)
OTHER INCOME (EXPENSE)
INTEREST INCOME 0 0 0 0
INTEREST EXPENSE 0 0 0 0
TOTAL OTHER INCOME (EXPENSE) 0 0 0 0
NET INCOME (LOSS) ($4,053) ($4,050) ($8,135) ($8,100)
========== ========= ========== ==========
NET INCOME (LOSS) PER SHARE ($0.0003) ($.0003) ($0.0006) ($0.0006)
========== ========== ========== ==========
WEIGHED AVERAGE NUMBER OF
SHARES OUTSTANDING 13,775,000 13,775,000 13,775,000 13,775,000
========== ========== ========== ==========
See notes to financial statement.
ALLURE COSMETICS, LTD.
STATEMENT OF CHANGES IN FINANCIAL POSITION
THREE MONTHS ENDED
FEBRUARY 28
1995 1996
(UNAUDITED)(UNAUDITED)
WORKING CAPITAL PROVIDED FROM: ($8,135) ($8,100)
NET INCOME (LOSS)
ITEMS'NOT REQUIRING THE USE OF
WORKING CAPITAL:
DEPRECIATION AND AMORTIZATION 0_ 0_
TOTAL WORKING CAPITAL PROVIDED (8,135) (8,100)
INCREASE (DECREASE) IN WORKING CAPITAL ($8,135) ($8,100)
======== ========
CHANGES IN WORKING CAPITAL ITEMS:
INCREASE (DECREASE) IN CURRENT ASSETS:
CASH ($35) ($0)
(35) (0)
(INCREASE) DECREASE IN
CURRENT LIABILITIES:
ACCOUNTS PAYABLE (8,100) (7,050)
PAYABLE TO OFFICER P GATTINI 0_ 1,050_
8,100 8,100
INCREASE (DECREASE) IN WORKING CAPITAL ($8,135) ($8,100)
======== ========
See notes to financial statement.
ALLURE COSMETICS, LTD.
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
FEBRUARY 28, 1996
NOTE A--BASIS OF PRESENTATION
The accompanying unaudited financial statements have been
prepared in accordance with generally accepted accounting
principles for interim financial information and with the
instructions to Form 10-Q and Rule 10-01 of Regulation S-X.
Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting
principles for complete financial statements. In the
opinion of management, all adjustments (consisting of
normal recurring accruals) considered necessary for a fair
presentation have been included. Operating results for the
three months ended February 28, 1996 are not necessarily
indicative of the results that may be expected for the year
ended August 31, 1996. For further information, refer to
the financial statements and footnotes included in the
Company's annual report on Form 10-K for the year ended
August 31, 1995.
Item 2. Management's Discussion and Analysis of Financial
Conditions and Results of Operations.
Currently Allure Cosmetics, Ltd. is not doing any business
and it is the intention of management to try to reorganize,
while the Company has no specific plans at this time, it is
the intention of management to explore the possibility of
reorganization without the use of the protection afforded
under bankruptcy laws, however it does not rule out the
possibility should it choose to do so.
The Company had zero sales in the first quarter of fiscal
1995 the same as the same quarter of fiscal 1994.
The ratio of current assets to current liabilities was 0.00
at the end of the first quarter of fiscal 1995 as compared
to 0.00 the same period of 1994.
The Company had a working capital deficit of $109,535 at
February 28, 1996 as compared to a working capital deficit
of $91,836 at February 28, 1995; the working capital
deficit is mainly attributed to the operating losses.
PART II
Item 1. Legal Proceedings
None.
Item 2. Changes in Securities.
None.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Submission of Matters to a Vote of Security Holders
None.
Item 5. Other Information
None.
Item 6. Exhibits and Reports on Form 8-K (? 249.308 of this
chapter
None.
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.
ALLURE COSMETICS, LTD.
(Registrant)
Date: December 14, 2001 By: /S/Pietro Gattini
Pietro Gattini, President and
Chief Executive Officer