UNITED STATESSECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
FORM 10-Q

x
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGESECURITIESEXCHANGE ACT OF 1934

For the quarterly period ended DecemberMarch 31, 20122013

OR

oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGESECURITIESEXCHANGE ACT OF 1934

For the transition period from : Not applicable

Commission file number 0-4454

INTERDYNE  COMPANY
 (Exact name of registrant as specified in its charter)

CALIFORNIA 95-2563023
(State or other jurisdiction of incorporation or organization)  (I.R.S.(I.R.S.  Employer Identification No.)
26 Briarwood, Irvine, California 92604
(Address of principal executive offices) (Zip Code)


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 of 1934 during the preceding 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 x No o
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of "large“large accelerated filer," "accelerated filer"” “accelerated filer” and "smaller“smaller reporting company"company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer           o
Accelerated filero
Non-accelerated filer             o
Smaller reporting companyx
(do not check if a smaller reporting company)x
(do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yesx No o
 
As of DecemberMarch 31, 2012,2013, there were 39,999,942 shares of Common Stock, no par value, issued and outstanding.

Exhibit Index Page No.:  8
 
 
 
 

INTERDYNE COMPANY

FORM 10-QINDEX

INDEX
FINANCIAL INFORMATION

 Page
PART I.   FINANCIAL INFORMATION
Page No.
Item 1.
Financial Statements
 
   
 
Condensed Balance Sheets as of DecemberMarch 31, 20122013 and June 30, 2012
3
   
 
Condensed Statements of Operations for the Quarter and SixNine Months ended DecemberMarch 31, 20122013 and DecemberMarch 31, 20112012
4
   
 
Condensed Statements of Cash Flows for the Quarter and SixNine Months ended DecemberMarch 31, 20122013 and DecemberMarch 31, 20112012
5
   
 
Notes to Financial Statements
6
   
Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
6
   
Item 3.4.
Controls and Procedures
6
   
PART II.  OTHER INFORMATION 
   
Item 6.
Exhibits
8
   
Signatures
9


PART I.1. FINANCIAL INFORMATION

Item 1.Financial Statements
Item 1.  Financial Statements

INTERDYNE COMPANY
BALANCE SHEETS

  Mar 31, 2013  Jun 30, 2012 
  (Unaudited)  (Audited) 
       
ASSETS      
CURRENT ASSETS      
Cash $6,162  $3,264 
Due from affiliates  225,303   236,796 
         
TOTAL CURRENT ASSETS $231,465  $240,060 
         
LIABILITIES AND STOCKHOLDERS' EQUITY        
CURRENT LIABILITIES        
Accrued professional fees $7,250  $9,250 
Accrued management fees to related party  23,000   21,500 
Other accrued expenses  2,551   2,365 
         
TOTAL CURRENT LIABILITIES  32,801   33,115 
         
STOCKHOLDERS' EQUITY        
Preferred stock, no par value, authorized 50,000,000 shares, no shares outstanding  -   - 
Common stock, no par value, 100,000,000shares authorized, 39,999,942 shares  issued and to be issued  500,000   500,000 
Accumulated deficit  (301,336)  (293,055)
         
TOTAL STOCKHOLDERS' EQUITY  198,664   206,945 
         
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $231,465  $240,060 
 
INTERDYNE COMPANY
CONDENSED BALANCE SHEETS
  12/31/2012  6/30/2012 
  (Unaudited)  (Audited) 
       
ASSETS      
CURRENT ASSETS      
Cash $3,607  $3,264 
Due from affiliate  225,539   236,796 
         
TOTAL CURRENT ASSETS $229,146  $240,060 
         
LIABILITIES AND STOCKHOLDERS' EQUITY        
CURRENT LIABILITIES        
Accrued professional fees $5,300  $9,250 
Accrued management fees to related party  21,500   21,500 
Other accrued expenses  1,286   2,365 
         
TOTAL CURRENT LIABILITIES  28,086   33,115 
         
STOCKHOLDERS' EQUITY        
Preferred stock, no par value, authorized 50,000,000 shares, no shares outstanding  -   - 
Common stock, no par value, 100,000,000 shares authorized, 39,999,942 shares issued and outstanding  500,000   500,000 
Accumulated deficit  (298,940)  (293,055)
         
TOTAL STOCKHOLDERS' EQUITY  201,060   206,945 
         
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $229,146  $240,060 
The accompanying notes are an integral part of the financial statements.
 

INTERDYNE COMPANY
INTERDYNE COMPANY
CONDENSED STATEMENTS OF OPERATIONS
 
  Quarter Ended  Six Months Ended 
  12/31/2012  12/31/2011  12/31/2012  12/31/2011 
  (Unaudited)  (Unaudited)  (Unaudited)  (Unaudited) 
             
EXPENSES            
Professional fees $3,500  $3,000  $7,065  $6,000 
General and administrative  2,366   2,780   4,763   5,518 
Management Fees  1,500   1,500   3,000   3,000 
   7,366   7,280   14,828   14,518 
OTHER INCOME - interest from affiliate  4,818   5,027   9,743   10,091 
                 
GROSS (LOSS)/PROFIT BEFORE TAXATION  (2,548)  (2,253)  (5,085)  (4,427)
                 
TAXATION  -   -   (800)  (800)
                 
NET LOSS AFTER TAXATION $(2,548) $(2,253) $(5,885) $(5,227)
                 
NET LOSS PER SHARE $(0.0001) $(0.0001) $(0.0001) $(0.0001)
  Quarter Ended  Nine Months Ended 
  Mar 31, 2013  Mar 31, 2012  Mar 31, 2013  Mar 31, 2012 
  (Unaudited)  (Unaudited)  (Unaudited)  (Unaudited) 
             
             
INCOME            
Interest earned $4,765  $5,049  $14,508  $15,140 
                 
TOTAL INCOME  4,765   5,049   14,508   15,140 
                 
EXPENSES                
Professional fees  3,350   3,500   10,415   9,500 
General and administrative  2,310   2,779   7,073   8,296 
Management Fees  1,500   1,500   4,500   4,500 
                 
   7,160   7,779   21,988   22,296 
                 
                 
GROSS LOSS                
BEFORE TAXATION  (2,395)  (2,730)  (7,480)  (7,156)
                 
TAXATION  0   0   (800)  (800)
NET LOSS                
AFTER TAXATION $(2,395) $(2,730) $(8,280) $(7,956)
                 
BASIC AND DILUTED                
NET LOSS PER SHARE $(0.0001) $(0.0001) $(0.0002) $(0.0002)

The accompanying notes are an integral part of the financial statements.
 

INTERDYNE COMPANY
STATEMENTS OF CASH FLOWS
  For Nine Months Ended 
  Mar 31, 2013  Mar 31, 2012 
  (Unaudited)  (Unaudited) 
       
CASH FLOWS FROM OPERATING ACTIVITIES      
       
Net loss $(8,280) $(7,956)
         
Adjustments to reconcile net loss to net cash generated from/(used in) operating activities:        
Increase/decrease resulting from changes in:        
Accrued interest income  (14,508)  (15,140)
Accrued expenses  (314)  1,358 
         
Net cash used by operating activities  (23,102)  (21,738)
         
CASH FLOW FROM FINANCING ACTIVITIES        
Cash received from affiliate  26,000   14,000 
         
Net cash provided by financing activities  26,000   14,000 
         
NET INCREASE/(DECREASE) IN CASH  2,898   (7,738)
         
CASH, BEGINNING OF PERIOD  3,264   9,265 
         
CASH, END OF PERIOD $6,162  $1,527 

The accompanying notes are an integral part of the financial statements.
 
INTERDYNE COMPANY
CONDENSED STATEMENTS OF CASH FLOWS
  Six Months Ended 
  12/31/2012  12/31/2011 
  (Unaudited)  (Unaudited) 
       
CASH FLOWS FROM OPERATING ACTIVITIES      
       
Net loss $(5,885) $(5,227)
         
Adjustments to reconcile net loss to net cash generated from/(used in) operating activities :        
Increase/decrease resulting from changes in :        
Accrued interest income  (9,743)  (10,091)
Accrued expense  (5,029)  7,270 
         
Net cash used by operating activities  (20,657)  (8,048)
         
CASH FLOWS FROM FINANCING ACTIVITIES        
Cash received from affiliate  21,000   8,000 
         
Net cash provided by financing activities  21,000   8,000 
         
NET INCREASE (DECREASE) IN CASH  343   (48)
         
CASH, BEGINNING OF PERIOD  3,264   9,265 
         
CASH, END OF PERIOD $3,607  $9,217 
The accompanying notes are an integral part of the financial statements.

INTERDYNE COMPANY

INTERDYNE  COMPANYNOTES TO FINANCIAL STATEMENTS

NOTES TO FINANCIAL STATEMENTS

Note 1.   
Note 1.Interim Financial Statements

The accompanying financial statements are unaudited, but, in the opinion of the management of the Company, contain all adjustments, consisting of only normal recurring accruals, necessary to present fairly the financial position as of DecemberMarch 31, 2012 and2013, the results of operations for the three and sixnine months ended DecemberMarch 31, 20122013 and 20112012, and changes in cash flows for the sixnine months ended DecemberMarch 31, 20122013 and 2011.2012.  Certain information and footnote disclosures normally included in financial statements that have been prepared in accordance with accounting principles generally accepted accounting principlesin the United States have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although management of the Company believes that the disclosures contained in these financial statements are adequate to make the information presented therein not misleading.  For further information, refer to the financial statements and footnotes thereto included in the Company's Annual Report in Form 10-K as of June 30, 2012, as filed with the Securities and Exchange Commission.  The results of operations for the quarter ended DecemberMarch 31, 20122013 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending June 30, 2013.

Note 2.   Changes
Note 2.Change in Significant Accounting Policies

There are no newly issued accounting pronouncements that the Company expects to have a material effect on the financial statements and there have been no changes in ourthe Company’s significant accounting policies.

Note 3.   Due from affiliate
Note 3.Due from Affiliate

In prior years, the Company made advances to Acculogic, Inc., an affiliated company through common ownership and management.  The advances bear interest at 8.5% per annum, payable on demand.  The balance, including interest, is guaranteed by another affiliated company.  During the three and sixnine months ended DecemberMarch 31, 20122013 the Company received $6,000$5,000 and $21,000,$26,000, respectively from Acculogic, Inc. as repayments against the advances and accrued interest due.

Item 2.
Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations

The Company is at present dormant and is looking for new opportunities.

The cash needs of the Company will be funded by collections fromthe collection of the amount due from its affiliate.

Item 3.Quantitative and Qualitative Disclosures about Market Risk.

N/A

Item 4.
Controls and Procedures

Our management, comprising the Chief Executive Officer and the Chief Financial Officer/Principal Accounting Officer, is responsible for establishing and maintaining disclosure controls and procedures for the Company.  It has designed such disclosure controls and procedures to ensure that material information is made known to it, particularly during the period in which this report was prepared.

As of the end of the period covered by this report, our management has carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (or Exchange Act)).  Based on this evaluation, as of the end of the period covered by this report, our management has concluded that our disclosure controls and procedures are effective considering the fact that the Company is dormant.

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f).  Our management has conducted an evaluation of the effectiveness of our internal control over financial reporting as of DecemberMarch 31, 20122013 based on the criteria set forth in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organization of the Treadway Commission.  Based on this evaluation, our management has concluded that our internal control over financial reporting was effective as of DecemberMarch 31, 20122013 considering the fact that the Company is dormant.

Our independent auditors have not audited and are not required to audit this assessment of our internal control over financial reporting for the period covered by this report.

During our most recent fiscal quarter, there has not occurred any change in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 
PART II
OTHER INFORMATION

Item 1.Legal Proceedings

None

Item 1A.Risk Factors.

None

Item 2.Unregistered Sale of Equity Securities and Use of Proceeds..Proceeds.

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

 a. 
31.1 Certification of the Company's Chief Executive Officer, Sun Tze Whang, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 b. 
31.2 Certification of the Company's Chief Financial Officer/Principal Accounting Officer, Kit H. Tan, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 c. 
32 Certification of the Company's Chief Executive Officer and Chief Financial Officer/Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

 d. 101.INS                       XBRL Instance Document

 e. 101.SCH                      XBRL Taxonomy Extension Schema Document

 f. 101.CAL                      XBRL Taxonomy Extension Calculation Linkbase Document

 g. 101.LAB                      XBRL Taxonomy Extension Label Linkbase Document

 h. 101.PRE                       XBRL Taxonomy Extension Presentation Linkbase Document
 

SIGNATSIGNATURESURES

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.

 INTERDYNE COMPANY
 (Registrant)
  
Date: February 1,Date : April 30, 2013
By :    /s/Sun Tze Whang
 Sun Tze Whang
 Director /Chief Executive Officer
  
 
By :   /s//s/Kit H. Tan
    Kit H. Tan
 Director /Chief Financial Officer/Principal Accounting Officer
 
 
9