U.S. SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC  20549

                            FORM 10-QSB

     (Mark One)

      xQuarterly  report  under Section 13,  or  15  (d)  of  the
Securities Exchange Act of 1934

     For the quarterly period ended September 30, 2001

      oTransition  report  under Section 13  or  15  (d)  of  the
Exchange Act

       For   the  transition  period  from  ________________   to
_________________

     Commission file number          0-12122

                            WINCROFT, INC.
(Exact Name of Small Business Issuer as Specified in Its Charter)


         Colorado                           84-0601802
     (State or Other Jurisdiction of     (I.R.S. Employer
      Incorporation or Organization)      Identification No.)

          6959 Arapaho, Suite 122, Dallas, Texas  75248
            (Address of Principal Executive Offices)


                         (972) 386-8907
     (Issuer's Telephone Number, Including Area Code)


 (Former Name, Former Address and Former Fiscal Year, if Changed
                       Since Last Report)


      Check whether the issuer: (1) filed all reports required to
be  filed  by Section 13 or 15(d) of the Exchange Act during  the
past  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 past 90 days.
xYes oNo
               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 12, 13, or 15 (d) of the Exchange
Act  after  the distribution of securities under a plan confirmed
by a court.
oYes oNo

                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: 5,140,100 common stock, no par value.
<PAGE>


                           WINCROFT, INC.
                         and subsidiary

                             I N D E X


                                                 Page No.

Part I         FINANCIAL INFORMATION:

          Item 1.   Condensed Balance
                    Sheets                             3

                    Condensed Statements of
                    Operations                         4

                    Condensed Statements of
                    Cash Flows                         5

                    Notes to Condensed
                    Financial Statements
                    (unaudited)                        7

          Item 2.   Management's Discussion
                    and Analysis of Financial
                    Condition and Results of
                    Operations                         7

Part II        OTHER INFORMATION                       8
<PAGE>
                    WINCROFT, INC. and subsidiary
                  PART I.   FINANCIAL INFORMATION

Item 1.  Financial Statements
<TABLE>
<S>                                     <C>                 <C>
                          BALANCE SHEET

                               ASSETS

                                   September 30, 2001 March 31, 2001
                                       (Uaudited)                                                      (Audited)


 Current Assets:
 Cash                                $     150         $      150



   Total Assets                      $     150         $      150

                LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
   Accounts payable                 $    5,050         $    5,050

TOTAL LIABILITIES                   $    5,050         $    5,050

Stockholders' Equity (Deficit):
  Common stock no par value, 75,000,000 shares
 authorized; 5,140,100 shares issued
    and outstanding at
    September 30, 2001 and March 31, 2001,
    respectively                        10,280             10,280
  Preferred Stock 25,000,000
    authorized $.01 par value
    7,000 and 7,000 issued at September 30, 2001 and
    March 31, 2001, respectively          70                   70
Additional paid in capital           1,168,082          1,168,082
 Retained Earnings (Deficit)        (1,182,199)        (1,182,199)

Less treasury stock, 7,496,223
    shares at cost                     (1,133)           (1,133)
                                       (4,900)           (4,900)

                                     $     150         $      150
</TABLE>
See accompanying notes to these financial statements.
<PAGE>
                  WINCROFT, INC. and subsidiary
              CONSOLIDATED STATEMENTS OF OPERATIONS
                           (UNAUDITED)
<TABLE>
<S>                                  <C>               <C>
                         Three Months Ended  Six Months Ended
                             September 30,     September 30,


                           2001         2000   2001     2000


Sales                  $        -   $     -  $   -    $     -

Cost of Sales                   -         -      -          -

Gross Profit                    -         -      -          -

Operating Expenses:
Administrative expenses         -         -      -          -

  Total Operating Expenses      -         -      -          -

Loss from write down of property
and equipment                   -         -      -          -
Gain on disposal of subsidiary  -         -      -          -
Realized Loss on Sale
    of Securities               -         -      -          -

Net Income (Loss)               -         -      -          -

Net Income (Loss) per share*    *         *      *          *

Weighted Average Number of  5,140,100  5,140,100 5,140,100 5,140,100
  Shares outstanding

*less than (.01) per share
</TABLE>






See accompanying notes to these financial statements.
<PAGE>
                  WINCROFT, INC. and subsidiary
              CONSOLIDATED STATEMENTS OF CASH FLOWS
                           (UNAUDITED)
<TABLE>
<S>                                                    <C><C>
                                            Six Months Ended
                                              September 30,

                                            2001       2000

CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)                           $   -   $      -
Adjustments to reconcile net income (loss)
      to net cash from operating activities:
Write-off of property and equipment             -          -
Disposal of subsidiary                          -          -
Depreciation and amortization                   -          -
(Gain) loss on disposal of assets               -          -
Foreign Currency                                -          -
Change in assets and liabilities:
  Accounts receivables and Prepaids             -          -
  Taxes                                         -          -
  Accounts payable and accrued expenses         -          -
     Net cash used by operating activities      -          -

CASH FLOW FROM INVESTING ACTIVITIES:
Loan Receivable                                 -          -
Purchases of property and equipment             -          -
Sales or Purchases of marketable securities     -          -

  Net cash used by investing activities         -          -

CASH FLOW FROM FINANCING ACTIVITIES:
Decrease in cash overdraft                      -          -

Net cash provided (used) by
    financing activities                        -          -

NET INCREASE (DECREASE) IN CASH                 -          -

CASH AT BEGINNING OF PERIOD                    150        150

CASH   AT  END  OF  PERIOD                  $  150    $   150

SUPPLEMENTAL INFORMATION:
   Cash paid for interest                   $   -     $    -
</TABLE>
<PAGE>
                  WINCROFT, INC. and subsidiary
                 SCHEDULE OF NONCASH ACTIVITIES
                           (UNAUDITED)
                         (IN THOUSANDS)
<TABLE>
<S>                                          <C>
                                       Six Months Ended
                                      September 30, 2001                                                  2000

NONE

</TABLE>
<PAGE>



                   WINCROFT, INC. and subsidiary

                 NOTES TO CONDENSED FINANCIAL STATEMENTS
                               (UNAUDITED)



Financial Statements

The   accompanying  unaudited  financial  statements  have   been
prepared  in accordance with the instructions to Form 10-QSB  and
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.  These statements should be read
in  conjunction with the audited financial statements  and  notes
thereto  included in the Registrant's annual Form 10-KSB for  the
year ended March 31, 2001.

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

There  was no revenue for the period.  The Company is now seeking
merger opportunities.

Liquidity and Capital Resources

The  Registrant  has met its shortfall of funds  from  operations
during   prior  periods  by  the  sale  of  its  majority   owned
subsidiaries  assets,  and by borrowing from  its  Directors  and
companies  affiliated  with  its Directors.   Net  cash  used  by
operating  activities for the six months was $0 ($0  2000).   Net
cash  used  by  investing activities was $0 ($0 in 2000)  and  by
financing activities was $0 ($0 in 2000).

The  Registrant's present needs for liquidity principally relates
to  its  obligations for its SEC reporting requirements  and  the
minimal  requirements  for  record keeping.  The  Registrant  has
limited liquid assets available for its continuing needs.  In the
absence  of any additional liquid resources, the Registrant  will
be faced with cash flow problems.
<PAGE>

                  PART II  -  OTHER INFORMATION


Item 6.   Exhibits and Reports on Form 8-K.

       (a)     Exhibits:

           (1)   Articles  of Incorporation:     Incorporated  by
reference to
                                   Registration Statement filed
                                   on Form 10, May 10, 1984;
                                   File No.  0-12122

          (2)  Bylaws:             Incorporated by reference as
                                   immediately above.


          (b)  Reports on Form 8-K

                     Form  8-K  was  filed on  October  30,  2001
          reporting Item 5.


                           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 thereto duly authorized.




                              WINCROFT, INC.
                                   (Registrant)



                              By:  /s/ Daniel Wettreich
                                    Daniel Wettreich,
                                    President





Date: November 14, 2001