-----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, FsmPzRpvYmThIj9Xc9k2eJzONaEySjGkAXVG2Jowf7/+4mJguRZSxoCmKhucPZq3 c0vi23MsEhUshROd3HA6CQ== 0001096350-02-000069.txt : 20020513 0001096350-02-000069.hdr.sgml : 20020513 ACCESSION NUMBER: 0001096350-02-000069 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010630 FILED AS OF DATE: 20020513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BERKSHIRE COLLECTION INC /DE/ CENTRAL INDEX KEY: 0001135634 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB SEC ACT: 1934 Act SEC FILE NUMBER: 000-32413 FILM NUMBER: 02643416 BUSINESS ADDRESS: STREET 1: 3266 YONGE STREET SUITE 1208 STREET 2: TORONTO ONTARIO CITY: CANADA M4N 3P6 STATE: A6 ZIP: 00000 BUSINESS PHONE: 6049138355 10QSB 1 june10q.txt United States Securities and Exchange Commission Washington, DC 20549 FORM 10 Q SB [X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT For the quarterly period ended June 30, 2001 Commission File Number THE BERKSHIRE COLLECTION INC. Exact name of small business issuer as specified in its charter Colorado 98 - 0219211 (State or other jurisdiction of IRS Employer Identification Incorporation or organization) Number 3266 Yonge Street, Suite 1208, Toronto, Ontario M4N 3P6 Canada (Address if principal executive offices) (416) 962-4508 Issuer's telephone number NA (Former name, former address and former fiscal year if changed since last report) APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS Check whether the registrant filled all documents and reports required To be filed by Section 12, 13 or 15D of the Exchange Act after the Distribution of Securities under a plan confirmed by a court. Yes ____ No ____ APPLICABLE ONLY TO CORPORATE ISSUERS State the number of shares outstanding of each of the Issuer's common equity as of the last practicable date: 851,000 Transitional Small Business Disclosure Format check one) Yes ___ No PART I FINANCIAL INFORMATION Item 1. Financial Statements The un-audited financial statements for the five months ended June 30, 2001 are attached hereto as Exhibit A. Item 2. Management's Discussion and Analysis or plan of Operation (a) Plan of Operation The Berkshire Collection Inc. was incorporated in the State of Delaware on July 11, 1997 and is in the early developmental and promotional stages. To date, our only activities have been organizational, raising our initial capital and developing the business plan. We have not commenced commercial operations. We have no full time employees and own no real estate. Berkshire through its website www.berkshirecollections.com plans to operate a marketing and sales facility on the Internet and by direct mail to merchandise a complete line of jewelry direct to the consumer. Our business plan is to first establish which type of product we should be marketing - high-end, medium or low- priced or a complete range of the above. Berkshire intends to sell jewelry at extremely attractive discount prices to its customers. Besides buying and selling on our own account we plan on selling the jewelry products of several manufacturers on an agency basis with orders being drop shipped directly to the buyers. Berkshire intends to develop and market an Internet and direct mail application that enables potential buyers to buy at prices that would be difficult to duplicate by a traditional jeweler. We will be able to expose a wide variety of goods to a worldwide market. Berkshire intends to establish an economic model that will be superior to traditional marketing. We will be able to provide a transaction service that eliminates much of the traditional cost of sales while providing better prices to the consumer. The objective is to create an Internet portal site that functions as a search engine, a software application that enables the user to locate information from a data base or other archive. (b) Management's Discussion and Analysis of Financial Condition and Results of Operations The registrant is a development stage enterprise and has not had any revenue since inception. As of June 30, 2001 the Company had no cash and zero total assets. Management is seeking additional funding in order to implement the business plan. PART II OTHER INFORMATION Item 1. Legal Proceedings None Item 2. Changes in Securities None Item 3. Defaults Upon Senior Securities Not applicable Item 4. Submission of Matters to a Vote of Securities Holders None Item 6. Exhibits and Reports on Form 8K None SIGNATURES In accordance with the requirements of the Exchange Act the registrant caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. THE BERKSHIRE COLLECTION INC. Dated: April 30, 2002 /S/ Sandy Winick, Sandy Winick, President EXHIBIT A JUNE 30, 2001 FINANCIAL STATEMENTS (PREPARED BY MANAGEMENT) THE BERKSHIRE COLLECTION INC. (A DEVELOPMENT STATE ENTERPRISE) BALANCE SHEET AS AT JUNE 30, 2001 (PREPARED BY MANAGEMENT) ASSETS CURRENT ASSETS $ 0 TOTAL ASSETS 0 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES DUE TO A RELATED PARTY 700 TOTAL CURRENT LIABILITIES 700 STOCKHOLDERS' EQUITY COMMON STOCK $0.001 PAR VALUE 50,000,000 AUTHORIZED, 851,000 ISSUED AND OUTSTANDING 851 ADDITIONAL PAID-IN CAPITAL 1,904 PREFERRED STOCK $0.001 PAR VALUE 20,000,000 SHARES AUTHORIZED, NONE 0 OUTSTANDING DEFICIT ACCUMULATED DURING THE DEVELOPMENT STAGE ( 3,455) TOTAL STOCKHOLDERS' EQUITY ( 700) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 0 SEE ATTACHED NOTES THE BERKSHIRE COLLECTION INC. (A DEVELOPMENT STAGE ENTERPRISE) STATEMENT OF OPERATIONS FOR THE FIVE MONTH PERIOD ENDING JUNE 30, 2001 (PREPARED BY MANAGEMENT) REVENUES $ 0 OPERATING EXPENSES MANAGEMENT FEES 700 TOTAL OPERATING EXPENSES 700 NET (LOSS) FOR THE PERIOD ( 700) WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 851,000 NET LOSS PER SHARE $ ( 0.00) SEE ATTACHED NOTES THE BERKSHIRE COLLECTION INC. (A DEVELOPMENT STAGE ENTERPRISE) STATEMENT OF CASH FLOWS FOR THE FIVE MONTH PERIOD ENDING JUNE 30, 2001 (PREPARED BY MANAGEMENT) CASH FLOWS FROM (TO) OPERATIONS NET (LOSS) FOR THE PERIOD $ (700) NON-WORKING CAPITAL ITEMS NET INCREASE INAMOUNJTS DUE TO RELATED PARTY 700 TOTAL CASH FLOWS FROM (TO) OPERATIONS 0 CASH FLOWS FROM (TO) INVESTMENT ACTIVITIES 0 CASH FLOWS FROM (TO) FINANCING ACTIVITIES 0 NET INCREASE (DECREASE IN CASH FOR THE PERIOD 0 CASH BEGINNING OF THE PERIOD 0 CASH END OF THE PERIOD $ 0 SEE ATTACHED NOTES NOTES TO FINANCIAL STATEMENTS (PREPARED BY MANAGEMENT) NOTE 1 - BASIS OF PRESENTATION The accompanying Financial Statements have been prepared in accordance with US Securities and Exchange Commission ("SEC") requirements for interim financial statements. Therefore, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. These financial statements should be read in conjunction with the year ended December 31, 2000 financial statements of The Berkshire Collection Inc. ("Registrant") The results of operations for the interim period shown in this report are not necessarily indicative of the results to be expected for a full year. In the opinion of management the information contained herein reflects all adjustments necessary to make the results of operations for the interim periods a fair statement of such operations. All such adjustments are of a normal recurring nature. NOTE 2 - DUE TO RELATED PARTY The registrant's president, Sandy Winick has advanced the sum of $700 to pay for accounting and filing expenses. -----END PRIVACY-ENHANCED MESSAGE-----