-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HEP7PrcU37KZVwXtudl/jt2NqEBU7IzGrVlfWb6Jpqsf02YONmMre7Ag5YcCrnx8 +9Hly5IgZ8QRZXUFXbimXw== 0000789932-02-000001.txt : 20020413 0000789932-02-000001.hdr.sgml : 20020413 ACCESSION NUMBER: 0000789932-02-000001 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011130 FILED AS OF DATE: 20020122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLURE COSMETICS LTD CENTRAL INDEX KEY: 0000789932 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 222473081 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-15281 FILM NUMBER: 2513049 BUSINESS ADDRESS: STREET 1: 31-51 C STEINWAY CITY: ASTORIA STATE: NY ZIP: 11103 BUSINESS PHONE: 7185456406 10-Q 1 allure.txt 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: November 30, 2001 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 November 30, 2001. INDEX ALLURE COSMETICS, LTD. PART I FINANCIAL INFORMATION Item 1. Financial Statement (Unaudited) Balance Sheets-August 31, 2001 and November 30, 2001. Statements of Changes In Financial Position-Three months ended November 30, 2000 and 2001. Statements of Income-Three months ended November 30, 2000 and 2001. Notes To Financial Statements-November 30, 2001. Item 2. Management's Discussion and Analysis of Financial Condition and Results of operations. Item 3. Quantitative and Qualitative Disclosures About Market Risk. 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 31,2001 NOVEMBER 30, 2001 (UNAUDITED) (UNAUDITED) CURRENT ASSETS: CASH $ 0 $ 500 INVENTORIES 1,110 2,207 ------ ------ TOTAL CURRENT ASSETS 1,110 2,707 PROPERTY PLANT AND EQUIPMENT: AUTOMOTIVE EQUIPMENT 0 0 ------ ------ 0 0 LESS ALLOWANCE FOR DEPRECIATION 0 0 ------ ------ NET PROPERTY PLANT AND EQUIPMENT 0 0 ------ ------ OTHER ASSETS: INVESTMENT-GATTINI CORP. 700 700 ------ ------ TOTAL OTHER ASSETS 700 700 ------ ------ $1,810 $3,407 ====== ====== See notes to financial statements. The balance sheet at August 31, 2001 has been derived from the unaudited financial statements at that date. ALLURE COSMETICS, LTD. COMPARATIVE BALANCE SHEET LIABILITIES AND STOCKHOLDERS' EQUITY AT AT AUGUST 31,2001 NOVEMBER 30,2001 (UNAUDITED) (UNAUDITED) CURRENT LIABILITIES ACCOUNTS PAYABLE $139,958 $142,383 ACCRUED LIABILITIES 20,604 23,573 TAXES OTHER THAN INCOME TAX 21,162 21,164 -------- -------- TOTAL CURRENT LIABILITIES 181,724 187,120 -------- -------- TOTAL LIABILITIES 181,724 187,120 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 (2,191,393) (2,195,192) ---------- ---------- TOTAL STOCKHOLDERS' EQUITY (179,914) (183,713) ---------- ---------- $1,810 $3,407 ========== ========== See notes to financial statements. The balance sheet at August 31, 2001 has been derived from the unaudited financial statements at that date. ALLURE COSMETICS, LTD. STATEMENT OF INCOME THREE MONTHS ENDED NOVEMBER 30 2000 2001 (UNAUDITED) (UNAUDITED) NET SALES CUSTOMERS $ 0 $ 0 MAKE-UP CENTER OF 55th ST. LTD. 0 0 0 0 COST OF SALES CUSTOMERS 0 0 MAKE-UP CENTER OF 55th ST. LTD. 0 0 0 0 _____ _____ GROSS PROFIT 0 0 OPERATING EXPENSES SELLING 0 0 ADMINISTRATIVE 3,880 3,799 TOTAL OPERATING EXPENSES 3,880 3,799 OPERATING PROFIT (LOSS) (3,880) (3,799) OTHER INCOME (EXPENSE) INTEREST INCOME 0 0 INTEREST EXPENSE 0 0 TOTAL OTHER INCOME (EXPENSE) 0 0 NET INCOME (LOSS) ($3,880) ($3,799) ========== ========== NET INCOME (LOSS) PER SHARE ($.0003) ($.0003) ========== ========== WEIGHED AVERAGE NUMBER OF SHARES OUTSTANDING 13,775,000 13,775,000 ========== ========== See notes to financial statement. ALLURE COSMETICS, LTD. STATEMENT OF CHANGES IN FINANCIAL POSITION THREE MONTHS ENDED NOVEMBER 30 2000 2001 (UNAUDITED) (UNAUDITED) WORKING CAPITAL PROVIDED FROM: NET INCOME (LOSS) ($3,880) ($3,799) ITEMS NOT REQUIRING THE USE OF WORKING CAPITAL: DEPRECIATION AND AMORTIZATION 0_ _ 0_ TOTAL WORKING CAPITAL PROVIDED (3,880) (3,799) INCREASE (DECREASE) IN WORKING CAPITAL ($3,880) ($3,799) ======== ======== CHANGES IN WORKING CAPITAL ITEMS: INCREASE (DECREASE) IN CURRENT ASSETS: CASH $ 0 $ 500 INVENTORIES 0 1,097 -------- ------ 0 1,597 (INCREASE) DECREASE IN CURRENT LIABILITIES: ACCOUNTS PAYABLE (3,600) (3,658) LOAN PAYABLE TO OFFICER P GATTINI 0 (500) LOAN PAYABLE TO GATTINI CORP. (280) (1,238) -------- ------- INCREASE (DECREASE) IN WORKING CAPITAL ($3,880) ($3,799) ======== ======== See notes to financial statement. ALLURE COSMETICS, LTD. NOTES TO FINANCIAL STATEMENTS (UNAUDITED) NOVEMBER 30, 2001 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 November 30, 2001 are not necessarily indicative of the results that may be expected for the year ended August 31, 2002. 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, 2001. Item 2. Management's Discussion and Analysis of Financial Conditions and Results of Operations. Currently Allure Cosmetics, Ltd. is in the process of reorganizing and has also developed a new line of cosmetics and related products to be sold over the Internet through the Company's web site www.allurecosmetics.com. The Company's products will include but are not limited to Anti-Aging, Bath & Body, Hair Care, Makeup, Weight Loss, Natural Healing and Vitamins. The Company's web site although not complete it became operational in December 2001. It is the intention of management to try to introduce and sell all of its current and future developed products through the Company's web site www.allurecosmetics.com. Currently the Company's financial resources have been provided through loan by the President Pietro Gattini and Gattini Corporation. Pietro Gattini is the President and shareholder of the Gattini Corporation. The Company's survival is solely dependent on the continuation of the loans received from the President Pietro Gattini. There is no guarantee or agreement between the President and the Company that these loans will continue and that they may be terminated at any time. It is the intention of management to explore the possibility of raising capital through the financial markets. At this time the Company has not had any discussions with any institutions as to the type of financing that may or may not be available to the Company. The Company had zero sales in the first quarter of fiscal 2001 the same as the same quarter of fiscal 2000. The ratio of current assets to current liabilities was 0.00 at the end of the first quarter of fiscal 2001 as compared to 0.00 the same period of 2000. The Company had a working capital deficit of $184,413 at November 30, 2001 as compared to a working capital deficit of $168,747 at November 30, 2000; the working capital deficit is mainly attributed to the operating losses. Item 3. Quantitative and Qualitative Disclosures About Market Risk. None. Forward-Looking Statements. The statements contained in this report on Form 10-Q that are not historical fact are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, continued compliance with government regulations, customer demand, management of growth, intensity of competition from other cosmetic product vendors, timing and acceptance of new product introductions, general economic conditions and regulatory changes. As well as other relevant risks detailed in the Company's filings with the Securities Exchange Commission, including its Annual Report on Form 10-K for the period ended August 31, 2001, and the Form 8-K filed with the Securities and Exchange Commission on November 30, 2001, and the information set forth herein should be read in light of such risks. 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 Form 8-K Filed with the Securities and Exchange Commission on November 30, 2001 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: January 18, 2002 By: /S/ Pietro Gattini Pietro Gattini, President and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----