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

                                   FORM 10-KSB

|X|   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934

                     For the fiscal year ended June 30, 2000
                                       OR

|_|   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

                           Commission File No. 0-4454

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

         California                                          95-2563023
         (State or other jurisdiction of                     (I.R.S. Employer
         incorporation or organization)                      Identification No.)

         7 Whatney
         Irvine, CA                                          92618
         (Address of principal executive offices)            (Zip Code)

Registrant's telephone number, including area code: (949) 263-8810

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act:

                           Common Stock, no par value

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 |_|

Total revenues for registrant's fiscal year ended June 30, 2000 were zero.

The aggregate market value of voting Common Stock held by non-affiliates of the
Registration on August 31, 2000 was $2,000,000.

As of August 31, 2000, there were 40,000,000 shares of Common Stock, no par
value, issued and outstanding.

                    DOCUMENTS INCORPORATED BY REFERENCE: None

Exhibit Index Page Number: None                                     Page 1 of 13

<PAGE>

                                     PART I

ITEM 1. BUSINESS

      The Company is currently dormant and is looking for new opportunities.

ITEM 2. PROPERTIES

      The Company shared office space at the facilities of Acculogic, Inc. at 7
Whatney, Irvine, CA 92618, and was charged management fee by Acculogic, Inc.
totaling $5,000 during fiscal year 2000 for the use of the facilities,
accounting and other services.

ITEM 3. LEGAL PROCEEDINGS

      The Company is not a party to any pending legal proceedings and no such
proceedings are known to be contemplated.

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

      No matter was submitted to a vote of security holders of the Company
during the fiscal year 2000.

                                     PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

      The following table sets forth the range of high and low bid prices for
the Company's common stock, for each fiscal quarter commencing July 1, 1997 and
ending June 30, 2000. The prices for year ended June 30, 2000 were extracted
from Yahoo! Finance. Such quotations reflect inter-dealer prices, without retail
mark-up, mark-down or commission and do not necessarily represent actual
transactions.

        1997
        ----
Quarter ended September 30            $0.03             $0.25
Quarter ended December 31             $0.01             $0.03

        1998
        ----
Quarter ended March 31                $0.01             $0.14
Quarter ended June 30                 $0.01             $0.01
Quarter ended September 30            $0.01             $0.01
Quarter ended December 31             $0.01             $0.01

        1999
        ----
Quarter ended March 31                $0.01             $0.01
Quarter ended June 30                 $0.01             $0.01
Quarter ended September 30            $0.01             $0.01
Quarter ended December 31             $0.01             $0.01

        2000
        ----
Quarter ended March 31                $0.01             $0.01
Quarter ended June 30                 $0.06             $0.07


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<PAGE>

      As of August 31, 2000, both the high and low bid prices for the Company's
Common Stock were $0.05. There were approximately 1,626 record owners of such
Common Stock. To management's knowledge, the Company has never paid dividends on
its common stock. The Company does not intend to pay dividends in the
foreseeable future.

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

      The following discussion should be read in conjunction with the Company's
financial statements.

      The Company is currently dormant.

      Between October 8, 1990 and June 30, 1991, the Company made advances to
Acculogic, Inc., an affiliate, totaling $395,000. At June 30, 2000, the
outstanding principal balance totaled $160,000. The advances bear interest of
9.5% per annum. Interest earned from the affiliate were $21,012, $20,386, and
$19,581 for the years ended June 30, 2000, 1999 and 1998, respectively.

      The cash needs of the Company will be funded by collections from amounts
due from its affiliates. (See paragraph on Certain Relationships and Related
Transactions in Item 12)

Employees

      The Company presently has no employees and is managed by the two incumbent
directors: Dr. Sun Tze Whang, Chairman of the Board and Chief Executive Officer,
and Kit Heng Tan, Chief Financial Officer and Secretary. None of the Company's
employees are currently represented by any labor union.

ITEM 7. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The audited financial statements as of June 30, 2000 and for the years ended
June 30, 2000 and 1999 are set forth on the following pages.


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<PAGE>

INDEPENDENT AUDITORS' REPORT

To the Board of Directors of
  Interdyne Company:

We have audited the accompanying balance sheet of Interdyne Company (the
"Company") as of June 30, 2000 and the related statements of income and
accumulated deficit and of cash flows for the years ended June 30, 2000 and
1999. These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall presentation of the financial
statements. We believe that our audits provide a reasonable basis for our
opinion.

In our opinion, the accompanying financial statements present fairly, in all
material respects, the financial position of the Company at June 30, 2000 and
the results of its operations and its cash flows for the years ended June 30,
2000 and 1999 in conformity with generally accepted accounting principles.


/s/ Farber & Hass LLP
Oxnard, California
September 18, 2000


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<PAGE>

INTERDYNE COMPANY

BALANCE SHEET
JUNE 30, 2000

ASSETS

CURRENT ASSETS:
Cash                                                                  $   3,053
Due from affiliate                                                      224,902
                                                                      ---------
Total current assets                                                    227,955
                                                                      ---------

TOTAL ASSETS                                                          $ 227,955
                                                                      =========

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
Due to affiliate                                                      $   7,886
Accrued expenses                                                          8,230
                                                                      ---------
Total current liabilities                                                16,116
                                                                      ---------

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;
    40,000,000 shares issued                                            500,000
Accumulated deficit                                                    (288,161)
                                                                      ---------
Total stockholders' equity                                              211,839
                                                                      ---------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                            $ 227,955
                                                                      =========

See accompanying notes to financial statements.


                                                                               5
<PAGE>

INTERDYNE COMPANY

STATEMENTS OF INCOME AND ACCUMULATED DEFICIT
FOR THE YEARS ENDED JUNE 30, 2000 AND 1999

                                                        2000               1999
                                                        ----               ----

EXPENSES:
Professional fees                                  $   6,000          $   6,850
General and administrative                            10,075              5,958
                                                   ---------          ---------
Total expenses                                        16,075             12,808

OTHER INCOME - Interest                               21,011             20,386
                                                   ---------          ---------

INCOME BEFORE INCOME TAXES                             4,936              7,578

INCOME TAXES                                             800                800
                                                   ---------          ---------

NET INCOME                                             4,136              6,778

ACCUMULATED DEFICIT,
  BEGINNING OF YEAR                                 (292,297)          (299,075)
                                                   ---------          ---------

ACCUMULATED DEFICIT,
  END OF YEAR                                      $(288,161)         $(292,297)
                                                   =========          =========

NET INCOME PER SHARE                               $     .01          $     .01
                                                   =========          =========

See accompanying notes to financial statements.


                                                                               6
<PAGE>

INTERDYNE COMPANY

STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED JUNE 30, 2000 AND 1999

                                                            2000           1999
                                                            ----           ----

CASH FLOWS FROM OPERATING ACTIVITIES:
Net income                                               $ 4,136        $ 6,778
Adjustments to reconcile net income
  to net cash provided by (used in)
    operating activities:
    Write-down of equipment                                               1,000
  Changes in operating assets
    and liabilities:
  Due from affiliate                                      (5,662)        (7,550)
Accrued expenses                                           1,420           (195)
                                                         -------        -------
Net cash provided by (used in)
  operating activities                                      (106)            33

CASH, BEGINNING OF YEAR                                    3,159          3,126
                                                         -------        -------

CASH, END OF YEAR                                        $ 3,053        $ 3,159
                                                         =======        =======

SUPPLEMENTAL DISCLOSURE OF CASH
  FLOW INFORMATION - Income tax paid                     $   800        $   800

See accompanying notes to financial statements.


                                                                               7
<PAGE>

INTERDYNE COMPANY

NOTES TO FINANCIAL STATEMENTS

1.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

      Nature of Business - Interdyne Company (the "Company") was incorporated in
      October 1946 in the state of California. On November 22, 1988, the Company
      filed a voluntary petition for reorganization under Chapter 11 of the
      Bankruptcy Code in the United States Bankruptcy Court for the Central
      District of California. On May 17, 1990, the Company's Amended Plan of
      Reorganization (the "Plan") was confirmed by Bankruptcy Court, and the
      Plan became effective May 29, 1990. On July 20, 1990, the Bankruptcy Court
      approved a stipulation for nonmaterial modifications to the Plan. All
      claims and interest are being settled in accordance with the terms of the
      Plan. On August 22, 1990, the Board of Directors approved a change in the
      Company's year-end to June 30, pursuant to the Plan.

      Concentrations of Credit Risk - Financial instruments, which potentially
      subject the Company to concentrations of credit risk, consist principally
      of the receivables due from affiliate. The ultimate parent company of the
      affiliate acts as a guarantor for the balance due from affiliate.

      Income Taxes - The Company accounts for income taxes under Statement of
      Financial Accounting Standards No. 109, "Accounting for Income Taxes" (see
      Note 3).

      Use of Estimates - Management of the Company has made a number of
      estimates and assumptions relating to the reporting of assets and
      liabilities to prepare these financial statements in conformity with
      generally accepted accounting principles. Actual results may differ from
      those estimates.

      Basic Net Income per Common Share - Basic net income per common share is
      computed on the basis of the weighted average number of common shares
      outstanding during each year. Weighted average shares for computing
      earnings per share were 40,000,000 for each of the years presented. There
      were no dilutive securities for any years presented.


                                                                               8
<PAGE>

2.    RELATED PARTY TRANSACTIONS

      At June 30, 2000 and 1999, the outstanding principal balance of $160,000
      related to advances to Acculogic, Inc., an affiliated company through
      common ownership. The advances bear interest of 9.5% per annum. Interest
      earned and received from the affiliate totaled $21,011 and $20,386,
      respectively, for the years ended June 30, 2000 and 1999. The balance of
      principal and accrued interest was $224,902 at June 30, 2000, which is
      guaranteed by the ultimate parent company of the affiliate.

      Acculogic, Inc. charged a management fee totaling $5,000 for the years
      ended June 30, 2000 and 1999, respectively, for the use of the facilities,
      accounting and other services.

3.    INCOME TAXES

      Income taxes for the years ended June 30, 2000 and 1999 represent state
      minimum franchise tax of $800. At June 30, 2000, the Company had net
      operating loss carryforwards for Federal income tax purposes totaling
      approximately $19,500,000. The ultimate realization of such loss
      carryforwards will be dependent on the Company attaining future taxable
      earnings. Based on the level of historical operating results and
      projections of future taxable earnings, management believes that it is
      more likely than not the Company will not be able to utilize the benefits
      of these carryforwards. Therefore, a full valuation allowance has been
      provided against the gross deferred tax assets arising from these loss
      carryforwards. The valuation allowance decreased approximately $2,300,000
      primarily due to the expiration of certain net operating loss
      carryforwards. If not utilized, these carryforwards will expire at various
      dates through the year 2007 for Federal income tax purposes.


                                                                               9
<PAGE>

ITEM 8. CHANGES IN AND DISAGREEMENT WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
        DISCLOSURE

      On August 31, 1999, the Board of Directors of the Company approved the
replacement of KPMG LLC by Gendron, Lim & Company ("Gendron") as its independent
auditors. Subsequent to this appointment, the Company was informed by Gendron
that they were not a member of the SEC Practice Section of the American
Institute of Certified Public Accountants. On the Company's request, Gendron
resigned on September 15, 1999, and the Board of Directors, on accepting the
resignation of Gendron on September 15, 1999, then appointed Farber & Hass LLP
as its independent auditors.

      KPMG LLC expressed an unqualified opinion dated September 18, 1998 on the
Company's financial statements for fiscal years ended June 30, 1998 and 1997.

      The Company has not had any disagreements with any of its independent
auditors on any matter of accounting principles or practices or financial
statements disclosure.

                                    PART III

ITEM 9. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

      The following table sets forth the names and ages of the directors and
executive officers of the Company as of the date of this report, and indicates
all positions and offices with the Company held by each person:

      Name                    Age          Position
      ----                    ---          --------

Dr. Sun Tze Whang             56           Chairman of the Board and Chief
                                           Executive Officer

Kit Heng Tan                  50           Chief Financial Officer and Secretary

      The terms of office of each director of the Company ends at the next
annual meeting of the Company's shareholders or when his or her successor is
elected and qualified. No date for the next annual meeting of shareholders has
been fixed by the Board of Directors. The term of office of each officer of the
Company ends at the next annual meeting of the Company's Board of Directors
which is expected to take place immediately after the next annual meeting of
shareholders. Except as otherwise indicated below, no organization by which any
officer or director previously has been employed is an affiliate, parent, or
subsidiary of the Company. The Company's Bylaws provide that the number of
directors of the Company shall be not less than five nor more than nine. The
exact number of directors is set at five unless changed within the foregoing
limits by a bylaw adopted by the Board of Directors or the shareholders. At
present, there are two persons serving as directors and three vacancies on the
Board of Directors.

      Dr. Sun Tze Whang has been Chairman of the Board and Chief Executive
Officer since August 17, 1990. From December 1994 to the present, Dr. Whang has
been a director of Metal Containers Pte Ltd ("Metal Containers"), a company
incorporated in the Republic of Singapore, engaged in the manufacturing and sale
of metal containers and in investment activities. From January 1985 to the
present, Dr. Whang has also been a director of Riviera Development Pte. Ltd., a
company incorporated in the Republic of Singapore ("Riviera"), whose principal
business is investment. Riviera is a 53.2% owned subsidiary of Metal Containers.
From May 1985 to the present, Dr. Whang has also been the Chairman and a
director of Carlee Electronics Pte. Ltd., a company incorporated in the Republic
of Singapore ("Carlee Electronics"), whose principal business is the manufacture
and sale of industrial electronic products. Carlee is a 64.3% owned subsidiary
of Riviera and a majority shareholder of the Company. From October 1972 to the
present, Dr. Whang has been a director of Lam Soon (Hong Kong) Limited, a
company incorporated in Hong Kong and listed on the Stock Exchange of Hong Kong.


                                                                              10
<PAGE>

      Kit Heng Tan has been Chief Financial Officer, Secretary and a director of
the Company since August 17, 1990. From February 1996 to the present, Mr. Tan
has been a director of Metal Containers. From January 31, 1991 to the present,
Mr. Tan has been an officer and a director of Computer Peripherals, Inc., a
California corporation, which is an affiliate of Metal Containers. From October
1989 to the present, Mr. Tan has been a director and currently also the Chief
Financial Officer of Acculogic, Inc., a California corporation, which is an
affiliate of Metal Containers. From April 1990 to the present, Mr. Tan has been
the Chief Financial Officer and a director of Advanced Matrix Technology, Inc.,
a California corporation, which is an affiliate of Metal Containers. Mr. Tan is
a Chartered Accountant (England & Wales) and a Certified Public Accountant of
Singapore.

ITEM 10. EXECUTIVE COMPENSATION

      For the fiscal years ended June 30, 2000, 1999 and 1998, there was no cash
compensation paid to executive officers of the Company.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

      The following sets forth information, as of August 31, 2000, with respect
to the beneficial ownership of the Company's Common Stock, no par value, by each
person known by the Company to be the beneficial owner of more than five (5%) of
the outstanding Common Stock, by each of the Company's directors, and by the
officers and directors of the Company as a group:

                                    Shares Owned
                                    Beneficially
Beneficial Owner                    and of Record             Percent of Class
----------------                    -------------             ----------------

Carlee Electronics Pte. Ltd.          25,800,000                 64.5%
15 Scotts Road #05-01
Thong Teck Building
Singapore 228218

Officers and directors                 (1)                       (1)
as a group (two persons)

(1) By virtue of Dr. Sun Tze Whang's direct and indirect ownership of Carlee
Electronics Pte. Ltd., he may be deemed the beneficial owner of the shares held
by Carlee Electronics Pte. Ltd in the Company.

      The Company is not aware of any voting trusts.

      The Company's capital consists of 100,000,000 shares of Common Stock, no
par value and 50,000,000 shares of Preferred Stock, no par value. As of the date
hereof, 40,000,000 shares of Common Stock have been issued and outstanding.


                                                                              11
<PAGE>

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

      Between October 8, 1990 and June 30, 1991, the Company made advances to
Acculogic, Inc., an affiliate, totaling $395,000. At June 30, 2000, the
outstanding principal balance was $160,000. The advances bear interest of 9.5%
per annum. Interest earned from the affiliate were $21,012, $20,386, and $19,581
for the years ended June 30, 2000, 1999 and 1998, respectively.

      The Company shared office space at the facilities of Acculogic, Inc. at 7
Whatney, Irvine, CA 92618, and was charged management fee by Acculogic, Inc.
totaling $5,000 during the fiscal year 2000 for the use of the facilities,
accounting and other services.

      Dr. Sun Tze Whang, may be considered to be the indirect beneficial owner
of the shares of the Company's stock owned by Carlee Electronics, and thus Dr.
Whang would be considered a control person of the Company.

                                     PART IV

ITEM 13. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

      (a)   The following is a list of the financial state schedules and
            exhibits filed herewith.

            (1) Financial Statements: No financial statements have been filed
with this Form 10-KSB other than those listed in Item 7.

            (2) Financial Statement Schedules: Schedules for which provisions
are made in the applicable accounting regulations of the Securities and Exchange
Commission are not required under the related instructions, or are disclosed in
the accompanying consolidated financial statements, or are inapplicable and,
therefore, have been omitted.

      All supporting schedules have been omitted, as the information is not
required, not material or is otherwise furnished.

      (b)   Reports on Form 8-K
            Changes in Registrant's Certifying Accountant dated August 31, 1999,
            and September 15, 1999 (See Item 8 above)


                                                                              12
<PAGE>

                                    SIGNATURE

      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 hereunto duly authorized.


Dated: September 26, 2000

                                             INTERDYNE COMPANY
                                              (Registrant)


                                              By: /s/ Kit H. Tan
                                                  ------------------------------
                                                  Kit H. Tan
                                                  Chief Financial Officer


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