Form 10QSB Home System Group

Quarterly report pursuant to section 13 and 15(d) for small business issuers

What is Form 10QSB?
  • Accession No.: 0001221508-04-000031 Act: 34 File No.: 000-49770 Film No.: 04804296
  • CIK: 0001172319
  • Submitted: 2004-05-14
  • Period of Report: 2004-03-31

FORM 10 QSB FOR MARCH 31, 2004 HTML

march10qsb_2004.htm


 

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly three month period ended: March 31, 2004

 
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from _________________ to _________________

 
Commission file number: 000-49770

CORONATION ACQUISITION CORP.
(Exact name of small business issuer as specified in its charter)

 

Nevada
(State or other jurisdiction of incorporation or organization)

43-195-4776
(IRS Employer Identification No.)

 

P.O. Box 741, Bellevue, Washington, 98009
(Address of principal executive offices)

 

(425) 453-0355
(Issuer's telephone number)

 

                                                      N/A                                                            
(Former name, former address and former fiscal year, if changed since last report)

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be filed by Section l2, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

Not Applicable

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:

5,000,000 common shares issued and outstanding as of May 15, 2004

Transitional Small Business Disclosure Format (Check one): Yes [ ] No



CORONATION ACQUISITION CORP.

INDEX

      Page No.
PART 1 - FINANCIAL INFORMATION 1
  ITEM 1. FINANCIAL STATEMENTS 1
 

Coronation Financial Statements March 31, 2004 and 2003

2
 

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

10
 

General

10
 

Three months ended March 31, 2003 versus three months ended March 31, 2002

10
 

Results of Operations

10
 

Revenue

10
 

Loss Per Period/General and Administrative Expenses

11
 

Liquidity and Capital Resources

11
 

Recent Accounting Pronouncements

11
 

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

12
 

ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

12
 

ITEM 4: CONTROLS & PROCEDURES

12
 

PART II - OTHER INFORMATION

12
 

ITEM 1. LEGAL PROCEEDINGS

12
 

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

13
 

Changes in Securities

13
 

Recent Sales of Unregistered Securities

13
 

Recent Sales of Registered Securities

13
 

Use of Proceeds

13
 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

13
 

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

13
 

ITEM 5. OTHER INFORMATION

13
 

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

13
 

a. Exhibits

13
 

b. Reports on Form 8-K

14

SIGNATURES

14

 


FORWARD LOOKING INFORMATION

This quarterly report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

 

PART 1 - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

 

The information in this report is for the three month period ended March 31, 2004, is unaudited but includes all adjustments (consisting only of normal recurring accruals, unless otherwise indicated) which Coronation Acquisition Corp. ("Coronation" or the "Company") considers necessary for a fair presentation of the financial position, results of operations, changes in stockholders' equity and cash flows for those periods.

The condensed consolidated financial statements should be read in conjunction with Coronation's financial statements and the notes thereto contained in Coronation's Audited Financial Statements for the year ended December 31, 2003, in the Form 10KSB as amended filed with the SEC on April 14, 2004.

Interim results are not necessarily indicative of results for the full fiscal year.

 

 

 

 

 

 

 

 

 

 

 

 

-1-


CORONATION ACQUISITION, CORP

(A DEVELOPMENT STAGE COMPANY)

FINANCIAL STATEMENTS

 

MARCH 31, 2004 AND 2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-2-


CORONATION ACQUISITION, CORP

TABLE OF CONTENTS PAGE #

Financial Statements
 
       Balance Sheet
 
F-1
       Statement of Operations
 
F-2
       Statement of Stockholders' Equity
 
F-3
       Statement of Cash Flows
 
F-4
Notes of Financial Statements F-5-6

 

 

 

 

 

-3-


 

Coronation Acquisition, Corp.

(A Development Stage Company)

(Unaudited) Balance Sheet

 

March 31

2004

March 31,

2003

December

31, 2003

December

31, 2002

Assets        

Current Assets
       
Cash

$ -

$ -

$ -

$ -

Total Current Assets

0

0

0

0

Other Assets

0

0

0

0

TOTAL ASSETS

$ -

$ -

$ -

$ -

         
Liabilities and Stockholders' Equity        
Current Liabilities        
Officers' Advances (Note #6)

$ 4,248

$ 4,248

$ 4,248

$ 2,390

Accounts Payable

2,446

446

446

446

Total Current Liabilities

6,694

4,694

4,694

2,836

         

Stockholders' Equity: Common stock, $.001 par value, authorized 100,000,000 shares; 5,00,000 shares issued and outstanding at 03/31/04 03/31/03, 12/31/03 and 12/31/02 respectively

Additional paid in capital

Deficit accumulated during the development

stage

 

 

50

450

(7,194)

 

 

50

450

(5,194)

 

 

50

450

(5,194)

 

 

50

450

(3,336)

Total Stockholders' Equity (Deficit)

(6,694)

(4,694)

(4,694)

(2,836)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

$ -

$ -

$ -

$ -


See accompanying notes

F-1

 

-4-


Coronation Acquisition, Corp.

(A Development Stage Company)

(Unaudited) Statement of Operations

 

 

 

Three Months

Ended March 31, 2004

 

 

Three Months

Ended March 31, 2003

 

Year Ended

Dec. 31,

2003

 

 

Year Ended Dec. 31,

2002

Feb. 9, 2000

(inception) to

Mar. 31,

2004

Income          
Revenue

$ -

$ -

$ -

$ -

$ -

Expenses
General and Administrative

2,000

1,858

1,858

2,756

7,194

Total Expenses

2,000

1,858

1,858

2,756

7,194

Net Loss

$ (2,000)

$ (1,858)

$ (1,858)

$ (2,756)

$ (7,194)

           

Net Loss per share

Basic and diluted

 

(0.0004)

 

(0.0004)

 

(0.0004)

 

(0.0006)

 

(0.0014)

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of

common shares outstanding

 

5,000,000

 

5,000,000

 

5,000,000

 

5,000,000

 

5,000,000

           

See accompanying notes

 

F-2

 

-5-


Coronation Acquisition, Corp.

(A Development Stage Company)

(Unaudited) Statement of Stockholder's Equity

 

 


Common Stock

 

Additional Paid-In Capital

 


Deficit accumulated during development stage

 

Shares

Amount

     
Balance December 31, 2002

5,000,000

$

50

$

450

$

(3,336)

Net loss three months ended
March 31, 2003
           


(1,858)

Balance March 31, 2003

5,000,000

 

50

 

450

 

(5,194)

               
Balance December 31, 2003

5,000,000

$

50

 

450

 

(5,194)

Net loss three months ended
March 31, 2004

 

     

(2,000)

Balance March 31, 2004

5,000,000

 

50

 

450

 

(7,194)

March 2, 2000 issued for cash

5,000,000

$

50

450

-

Net loss, February 9, 2000 (inception) to December 31, 2000

(580)

Balance December 31, 2000

5,000,000

50

450

(580)

Net loss year ended
December 31, 2001

0

Balance December 31, 2001

5,000,000

$

50

450

580

Net loss year ended
December 31, 2002



(2,756)

Balance December 31, 2002

5,000,000

$

50

450

(3,336)

Net loss year ended
December 31, 2003
           


(1,858)

Balance December 31, 2003

5,000,000

$

50

 

450

 

(5,194)

See accompanying notes

F-3

-6-


Coronation Acquisition, Corp.

(A Development Stage Company)

(Unaudited) Statement of Cash Flows

 

 

 

Three Months

Ended March 31, 2004

 

Three Months

Ended March 31, 2003

 

Year Ended

Dec. 31,

2003

 

Year Ended

Dec. 31,

2002

Feb. 9, 2000

(inception) to Mar. 31,

2004

Cash Flows from Operating Activities          
Net (Loss)

$ (2,000)

$ (1,858)

$ (1,858)

$ (2,756)

$ (7,194)

Adjustments to reconcile net loss
to cash (used) in operating activities
         

Changes in assets and liabilities

Officers Advances Payable
Accounts Payable

 

2,000

0

 

0

1,858

 

0

2,756

 

0

2,756

 

2,446

4,249

Net Cash (used) in operating results

0

0

0

0

(500)

Cash Flows from Financing Activities

Proceeds from issuance of common stock

 

0

 

0

 

0

 

0

 

(500)

           
Net increase (decrease) in cash

0

0

0

0

0

Cash at Beginning of Period

0

0

0

0

0

Cash at End of Period

$ -

$ -

$ -

$ -

$ -

           

See accompanying notes

 

F-4

-7-


CORONATION ACQUISITION, CORP

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

March 31, 2004 and 2003

 

Note 1 - History and Organization of the Company

The Company was organized February 9, 2000, under the laws of the State of Nevada as Coronation Acquisition, Corp. The company currently has no operations and, in accordance with SFAS #7, is considered a development stage company.

On March 2, 2000, the company issued 5,000,000 share of its $0.00001 par value common stock for cash of $500.

Notes 2 - Accounting Policies and Procedures

The Company has not determined its accounting policies and procedures, except as follows:

The Company uses the accrual method of accounting.

Earnings per share is computed using the weighted average number of shares of common stock outstanding.

The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid since inception.

In April 1998, the American Institute of Certified Public Accountant's issued Statement of Position 98-5 ("SOP 98-5"), Reporting on the Costs of Start-up Activities which provides guidance on the financial reporting of start-up costs and organization costs. It requires costs of start-up activities and organization costs to be expensed as incurred. SOP 98-5 is effective for fiscal years beginning after December 15, 1998, with initial adoption reported as the cumulative effect of a change in accounting principle.

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Note 3 - Warrants and Options

There are no warrants or options outstanding to issue any additional shares of common stock of the Company.

Note 4 - Going Concern

The Company's financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has no current source of revenue. Without realization of additional capital, it would be unlikely for the Company to continue as a going concern. It is management's plan to seek additional capital through further equity financing's and seeking necessary bank loans.

F-5

-8-


Note 5 - Related Party Transactions

The Company neither owns nor leases any real or personal property. Office services are provided without charge by Harry Miller, the sole officer and director of the Company. Such costs are immaterial to the financial statements and accordingly, have not been reflected therein. The sole officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, he may face a conflict in selecting between the Company and his other business interests. The Company has not formulated a policy for the resolution of such conflicts.

 

Note 6 - Officers Advances

While the Company is seeking additional capital, an officer of the Company has advanced funds to the Company to pay for any costs incurred by it. These funds are interest free. The balances due to Mr. Miller were $4,248 and $4,248 on March 31, 2004 and March 31, 2003, respectively.

 

 

 

F-6

 

-9-


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

 

General

The following discussion and analysis should be read in conjunction with the financial statements, including the notes thereto, appearing elsewhere in this document.

The "Description of Business" and "Plan of Operation" of Coronation are incorporated by reference from the Coronation's Registration Statement on Form 10KSB, as amended, filed with the SEC on April 14, 2004.

Three months ended March 31, 2004 versus three months ended March 31, 2003.

Results of Operations

As of March 31, 2004, Coronation's only activity has involved the completion of its Form 10-KSB, maintaining its regulatory filings with the SEC, and searching for a suitable merger or acquisition candidate. Coronation has not commenced business activities and has no assets or operations.

On March 31, 2003, Coronation entered into a Agreement and Plan of Exchange and Reorganization with Supreme Property, Inc. ("Supreme"), a privately held Illinois corporation. The merger has not yet been completed as the parties have been working to clear a Form S-4 with the Securities and Exchange Commission.

Supreme is a licensed real estate brokerage and real estate acquisition firm. Under the terms of the merger agreement Supreme will merge into Coronation. After the transaction Supreme will no longer exist and Coronation, as the surviving entity, will carry on the business of Supreme. Coronation will be controlled by the former stockholders of Supreme and the board of directors will be the board of directors of Supreme immediately prior to the merger.

The transaction is subject to a number of conditions such as:

  • Receipt of all stockholder approvals;
  • A Form S-4 having been filed and become effective under the Securities Act of 1933;
  • Receipt of all applicable state or other authorizations to issue the shares of Coronation;
  • No legal restraint or prohibition which would prevent the merger;
  • All representations and warranties provided in the merger must be materially true and correct;
  • That there has been no material adverse change to the parties since signing the agreement; and
  • The parties have performed all material obligations required to be performed by them under the merger agreement.

Management of Coronation and Supreme expect to file a Form S-4 providing detailed information about the merger, the business of Supreme Property, Inc., audited financial statements of Supreme and unaudited pro forma financial statements of our combined companies within the seven days.

Revenue

Coronation has had no revenue since inception and does not anticipate generating any revenue until it completes a merger, acquisition or business combination.

 

-10-


Loss Per Period/General and Administrative Expenses

Coronation's net loss for the three months ended March 31, 2004 was $0, approximately $1,858 less than recorded for the three-month period ending on March 31, 2003.

Coronation will continue to sustain operating expenses without corresponding revenues, at least until the consummation of a merger, acquisition or business combination. This will result in Coronation incurring a net operating loss which will increase continuously until Coronation can consummate a merger, acquisition or business combination with a profitable business opportunity.

Liquidity and Capital Resources

As of March 31, 2004 Coronation had no cash, no assets and $4,248 in liabilities of which the entire

$4,248 are funds owed to Mr. Miller its sole officer and director; this is in comparison to $4,272 in liabilities outstanding as of the three months period ending on March 31, 2003, owed entirely to Mr. Miller.

Coronation is dependent on Mr. Miller to meet all of its expenses. Mr. Miller, the sole officer and director of Coronation, has agreed to provide the necessary funds, without interest, for Coronation to meet its ongoing expenses when the obligation is incurred until Coronation consummates a merger, acquisition or business combination. All advances are interest-free.

Recent Accounting Pronouncements

In September 1998, the FASB issued SFAS 133, "Accounting for Derivative Instruments and Hedging Activity," which was subsequently amended by SFAS 137, "Accounting for Derivative Instruments and Hedging Activities: Deferral of Effective Date of FASB 133" and Statement No.138, "Accounting for Certain Derivative Instruments and Certain Hedging Activities: an amendment of FASB Statement No. 133." SFAS 137 requires adoption of SFAS 133 in years beginning after September 15, 2000. SFAS 138 establishes accounting and reporting standards for derivative instruments and addresses a limited number of issues causing implementation difficulties for numerous entities. The Statement requires us to recognize all derivatives on the balance sheet at fair value. Derivatives that are not hedges must be recorded at fair value through earnings. If the derivative qualifies as a hedge, depending on the nature of the exposure being hedged, changes in the fair value of derivatives are either offset against the change in fair value of hedged assets, liabilities, or firm commitments through earnings or are recognized in other comprehensive income until the hedged cash flow is recognized in earnings. The ineffective portion of a derivative's change in fair value is recognized in earnings. The Statement permits early adoption as of the beginning of any fiscal quarter. SFAS 133 will become effective for our first fiscal quarter of fiscal year 2004 and we do not expect adoption to have a material effect on our financial statements.

In December 1999, the SEC issued SAB 101, "Revenue Recognition in Financial Statements." SAB 101 summarizes certain aspects of the staff's views in applying generally accepted accounting principles to revenue recognition in financial statements. On March 24, 2000 and September 26, 2000, the SEC issued Staff Accounting Bulletin No. 101A and No. 101B, respectively, which extend the transition provisions of SAB 101 until no later than the fourth quarter of fiscal years beginning after December 15, 1999, which would be December 31, 2004 for us.

In March 2000, the FASB issued FIN 44, Accounting for Certain Transactions Involving Stock Compensation - an Interpretation of APB No. 25, Accounting for Stock Issued to Employees". This Interpretation clarifies (a) the definition of employee for purposes of applying Opinion 25, (b) the criteria for determining whether a plan qualifies as a non-compensatory plan, (c) the accounting consequences of various modifications to the terms of a previously fixed stock option or award, and (d) the accounting for an exchange of stock compensation awards in a business combination. This Interpretation is effective July 1, 2000, but certain conclusions in this Interpretation cover specific events that occur after either December 15, 1998, or January 12, 2000. To the extent that this Interpretation covers events occurring during the period after December 15, 1998, or January 12, 2000, but before the effective date of July 1, 2000, the effects of applying this Interpretation are recognized on a prospective basis from July 1, 2000.

-11-


"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1955

This Form 10-QSB report may contain certain "forward-looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and/or releases, which represent our expectations or beliefs, including but not limited to, statements concerning our economic performance, financial condition, growth and marketing strategies, availability of additional capital, ability to attract suitable personal and future operational plans. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate," "might," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important facts, including but not limited to those risk factors in Coronation's Registration Statement on Form 10-KSB, as amended, filed with the SEC on March 31, 2003..

ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not Applicable.

ITEM 4: CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures.

Our Chief Executive Officer and Chief Financial Officer have evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-14 and 15d-14 of the Securities Exchange Act of 1934, as amended) as of a date within ninety days of the filing date of this quarterly report on Form 10-QSB. Based upon their evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures are effective.

Changes in internal controls.

There were no significant changes in Coronation's internal controls or in any factors that could significantly affect internal controls subsequent to the date of the Chief Executive Officer and the Chief Financial Officer's evaluation.


PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

To Coronation's knowledge, no lawsuits were commenced against Coronation during the three months ended March 31, 2004, nor did Coronation Commence any lawsuits during the same period. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

 

-12-


ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

 

Changes in Securities

None.

Recent Sales of Unregistered Securities

None.

Recent Sales of Registered Securities

None.

Use of Proceeds

Not applicable.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not applicable.

ITEM 5. OTHER INFORMATION ITEM

Not Applicable

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

a. Exhibits

Exhibit
Number


Exhibit Title

3.1

Articles of Incorporation as Amended (incorporated by reference from our Form 10-SB Registration Statement, filed April 30, 2002)

3.2

Articles of Amendment (incorporated by reference from our Form 10-SB, filed April 30, 2002)

3.2

Bylaws (incorporated by reference from our Form 10-SB Registration Statement, filed April 30, 2002)

31.1

Certificate of CEO/CFO as Required by Rule 13a-14(a)/15d-14

31.2

Certificate of CEO/CFO as Required by Rule Rule 13a-14(b) and Rule 15d-14(b) (17 CFR 240.15d-14(b)) and Section 1350 of Chapter 63 of Title 18 of the United States Code

32.1

Certificate of CEO as Required by Rule Rule 13a-14(b) and Rule 15d-14(b) (17 CFR 240.15d-14(b)) and Section 1350 of Chapter 63 of Title 18 of the United States Code

-13-


b. Reports of Form 8-K.

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.

  Coronation Acquisition Corp.
Date: May 14, 2004

        

             /s/ Harry Miller


By:_____________________________
Harry Miller, Chief Executive Officer, President,

Chief Financial Officer, Secretary and Director

 

 

-14-


 

 

 

 

 


EXHIBIT 31.1 HTML

ex31_1.htm


 

EXHIBIT 31.1

CERTIFICATION

I, Harry Miller, certify that:

  1. I have reviewed this quarterly report on Form 10-QSB of Coronation Acquisition Corp.;
     
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
     
  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;
     
  4. The small business issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:
  1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  3. Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  4. Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and
  1. The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):
  1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and
     
  2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.

Date: May 14, 2004

/s/ Harry Miller

By:_______________________________________
Harry Miller, President, Secretary,
Chief Executive Officer and Director

 


 



EXHIBIT 31.2 HTML

ex31_2.htm


 

EXHIBIT 31.2

CERTIFICATION

I, Harry Miller, certify that:

  1. I have reviewed this quarterly report on Form 10-QSB of Coronation Acquisition Corp.;
     
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
     
  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;
     
  4. The small business issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:
  1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  3. Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  4. Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and
  1. The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):
  1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and
     
  2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.

Date: May 14, 2004

/s/ Harry Miller

By:_______________________________________
Harry Miller, President, Secretary,
Chief Financial Officer and Director


 




EXHIBIT 32.2 HTML

ex32_1.htm


EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Coronation Acquisition Corp. (the "Company") on Form 10-QSB for the three month period ended March 31, 2004, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Harry Miller, in my capacity as Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

  2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: May 14, 2004

/s/ Harry Miller

_______________________
Harry Miller, C.E.O and C.F.O