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                               UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                           Washington, DC 20549

                                FORM 10-QSB

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

             For the quarterly period ended March 31st, 2001

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

                  For the transition period from       to

                  Commission  File  Number:   000-29475

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                      GRANADA MINERAL PRODUCTS, INC.
           (Exact name of Registrant as specified in charter)

                   NEVADA                        87-0640430
           (State of incorporation)      (I.R.S. Employer ID Number)


          c/o 4700 S 900 E., Suite 41B,  Salt  Lake  City,  UT  84117
                 (Address  of  Principal  Executive  Offices)

                              (800) 870-1654
                      (Registrant's Telephone Number)

                                    NONE
            (Former name, former address and former fiscal year,
                       if changed since last report)

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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 the past 90 days. Yes [X] No [ ]

The number of shares outstanding of the Registrant's only class of common
stock, $0.001 par value per share, was 334,000 on March 31, 2001.

Transitional Small Business Disclosure Format: Yes [  ] No [X]


TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION                                         PAGE

Item 1.   Financial Statements

Balance Sheet as of March 31, 2001 and December 31,
2001(unaudited)............. ........................................... 3

          Statements of Operations for the three months ended
          March 31, 2001 and 2000 (unaudited) and the period July 13,
          1994 (inception) through March 31, 2001 (unaudited)........... 4

          Statements of Cash Flows for the three months ended
          March 31, 2001 and 2000 (unaudited) and the period July 13,
          1994 (inception) through March 31, 2001 (unaudited)........... 5

          Notes to Financial Statements (unaudited)..................... 6-8

Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations........................... 9


PART II - OTHER INFORMATION

Item 1.   Legal Proceedings............................................. 10

Item 2.   Changes in Securities and Use of Proceeds..................... 11

Item 3.   Defaults Upon Senior Indebtedness............................. 12

Item 4.   Submission of Matters to a Vote of Security Holders........... 13

Item 5.   Other Information............................................. 14

Item 6.   Exhibits and Reports on Form 8-K.............................. 15

SIGNATURES.............................................................. 16



                                   PART 1

                           FINANCIAL INFORMATION

Item 1. Financial Statements

      The accompanying financial statements and notes have been
prepared by the Company's  management, and they do not include all the
information and notes to  the  financial  statements  necessary  for a
complete  presentation  of the financial position, results of operations,
cash flows, and stockholders' equity in conformity with generally accepted
accounting  principles.  In the opinion of management, all adjustments
considered necessary for a fair presentation of the results of operations
and financial position have been included and all such adjustments are
of a normal recurring nature.

     Operating results for the periods presented are not necessarily
indicative of the results that may be expected for the full year.
For further information, refer to the financial statements and notes
thereto, included in the Company's Annual report on Form 10-KSB for
the year ended December 31, 2000.





                         GRANADA MINERAL PRODUCTS, INC.
                          (Development Stage Company)
                                 BALANCE SHEETS
                     March 31, 2001, and December 31, 2000
                     -------------------------------------

                                         Mar 31          Dec 31
                                         2001            2000
                                         -------         -------

ASSETS

CURRENT ASSETS

        Cash                             $     0         $     0
                                         -------         -------
        Total Current Assets             $     0         $     0
                                         =======         =======

LIABILITIES AND STOCKHOLDER'S EQUITY

CURRENT LIABILITIES

        Accounts Payable                 $ 1,700         $ 1,700
                                         -------         -------
        Total Current Liabilities        $ 1,700         $ 1,700
                                         =======         =======

STOCKHOLDERS' EQUITY

        Common Stock
        100,000,000 shares authorized
        at $0.001 par value; 334,000
        shares issued and outstanding        334             334

        Capital in excess of par value    21,966          21,966

        Deficit accumulated during the
        Development Stage                (24,000)        (24,000)
                                         --------        --------

        Total Stockholders' Equity
        (deficiency)                     $ 1,700         $ 1,700
                                         -------         -------
                                         $     0         $     0
                                         =======         =======

   The accompanying notes are an integral part of these financial statements




                         GRANADA MINERAL PRODUCTS, INC.
                           (Development Stage Company)
                            STATEMENTS OF OPERATIONS
       For the Three Months Ended March 31, 2001, and 2000 and the Period
            July 13, 1994 (Date of Inception) to March 31, 2001
            -------------------------------------------------------

                Mar 31          Mar 31          Jul 13, 1994 to
                2001            2000            Mar 31, 2001
                ------          ------          ------------

REVENUES        $     0         $     0         $          0

EXPENSES              0         $     0         $    (24,000)
                -------         -------         ------------

NET LOSS        $     0         $     0             $(24,000)
                =======         =======         ============

NET LOSS PER
COMMON SHARE

        Basic   $     0         $     0
                -------         -------

AVERAGE
OUTSTANDING
SHARES

        Basic   334,000         334,000
                -------         -------



   The accompanying notes are an integral part of these financial statements





                         GRANADA MINERAL PRODUCTS, INC.
                           (Development Stage Company)
                            STATEMENTS OF CASH FLOWS
       For the Three Months Ended March 31, 2001, and 2000 and the Period
               July 13, 1994 (Date of Inception) to March 31, 2001
            -------------------------------------------------------
                Mar 31          Mar 31          Jul 13, 1994 to
                2001            2000            Mar 31, 2001
                ------          ------          ------------

CASH FLOWS:
OPERATING
ACTIVITIES

Net Loss        $    0          $    0             $(24,000)
                ------          ------          ------------


Adjustment to
Reconcile to net
loss to net cash
provided by
operations:

Changes in Account
Payable                                             $1,700

Contribution of
Capital-Expense                                        500
                                                  ---------

Net cash used
in operations        0               0            $(21,800)

CASH FLOWS:
INVESTING
ACTIVITIES      $    0          $    0          $         0
                ------          ------          -----------

CASH FLOWS:
FINANCING
ACTIVITIES

Common stock    $    0          $    0          $    21,800
                ------          ------          -----------

Net Increase
(Decrease) in
Cash            $    0          $    0          $         0
                ------          ------          -----------

Cash: Period
Begin           $    0          $    0          $         0
                ------          ------          -----------

Cash: Period
End             $    0          $    0          $         0
                ======          ======          ===========

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



                        GRANADA MINERAL PRODUCTS, INC.
                         (Development Stage Company)
                        NOTES TO FINANCIAL STATEMENTS


1.     Organization

        The Company was incorporated under the laws of the State of Nevada on
July 13, 1994 with authorized common stock of 1,000,000 shares with at a par
value of $0.01 under the name of Granada Mineral Products, Inc. On September
13, 1999 the authorized capital stock was increased to 100,000,000 shares with
a par value of $0.001.

     This report has been prepared using a par value of $0.001 from inception.

     The  Company  is in the  development  stage  and has  been  engaged  in
the activity of seeking developmental mining properties and was inactive after
1995.

2.  Summary  Of  Significant  Accounting  Policies

Accounting  Methods

     The Company  recognizes  income and expenses based on the accrual method
of accounting.

Dividend  Policy

     The Company has not yet adopted a policy regarding payment of dividends.

Income  Taxes

     At March 31, 2001, the Company had a net  operating  loss carry forward
of $24,000. The tax benefit from the loss carry forward is $7,200. The net
operating loss  will expire 2021.

Basic and Diluted Net Income (Loss) Per Share

     Basic  net  income  (loss)  per share  amounts  are  computed  based on
the weighted  average  number of shares  actually  outstanding.  Diluted  net
income (loss) per share  amounts are  computed  using the  weighted  average
number of common shares and common  equivalent  shares  outstanding  as if
shares had been issued on the exercise of the preferred share rights unless
the exercise becomes antidilutive and then only the basic per share amounts
are shown in the report.

Comprehensive Income

     The Company adopted  Statement of Financial  Accounting  Standards No.
130. The  adoption  of this  standard  had no impact on the  stockholder's
equity.

Recent Accounting Pronouncements

     The Company does not expect that the  adoption of other  recent
accounting pronouncements will have a material impact on its financial
statements.

Financial  Instruments

     The carrying amounts(including accounts payable) of financial
instruments are considered by management to be their estimated fair
values.

Estimates  and  Assumptions

     Management uses estimates and assumptions in preparing financial
statements in accordance with generally accepted accounting principles. Those
estimates and assumptions  affect the  reported  amounts of the  assets and
liabilities,  the disclosure of contingent  assets and liabilities,  and the
reported revenues and expenses.  Actual  results  could vary from the
estimates  that were assumed in preparing these financial statements.

3.  Related  Party  Transactions

     The statement of changes in  stockholder's  equity shows 334,000  shares
of common  stock  outstanding  of which  74,000  shares  were  acquired  by
related parties.

4.  Going  Concern

     The Company will need  additional  working  capital to be successful in
its planned operations.

     Continuation  of the Company as a going concern is dependent upon
obtaining sufficient  working  capital and the  management  of the Company has
developed a strategy,  which it believes  will  accomplish  this  objective
through  equity funding,  and long term  financing,  which will enable the
Company to operate in the coming year.

Item 2. Management's Discussion and Analysis or Plan of Operations

    The following discussion and analysis should be read in conjunction with
the financial statements and notes to financial statements included elsewhere
in this interim report on Form 10-QSB. This report and the financial
statements and notes to financial statements contain forward-looking
statements, which generally include the plans and objectives of management for
future operations, including plans and objectives relating to future economic
performance and our current beliefs regarding revenues we might earn if we are
successful in implementing our business strategies. The Company does not
undertake to update, revise or correct any forward-looking statements.

     The information contained in this report is not a complete description of
the Company's business or the risks associated with an investment in our
common stock. Before deciding to buy or maintain a position in its common
stock, you should carefully review and consider the various disclosures we
made in this report, and in other materials filed with the Securities and
Exchange Commission that discuss the Company's business in greater detail and
that disclose various risks, uncertainties and other factors that may affect
business, results of operations or financial condition.

    As at the end of the quarter ended March 31, 2001, the Company's
management intended to acquire interests in various business opportunities
which, in the opinion of management, will provide a profit to the Company but
does not have the working capital to be successful in this effort.

   Continuation  of the Company as a going concern is dependent upon obtaining
the working  capital for its planned  activity and the management of the
Company has developed a  strategy,  which they believe can obtain the needed
working capital through additional equity funding and long term debt which
will enable the Company to pursue its objective.

Liquidity and Capital Resources

   The Company  will need  additional  working  capital to finance its planned
activity.

Results of Operations

   The Company has had no operations during this reporting period.

Subsequent Event

   After the end of the quarter for which this report is filed, the Registrant
entered into a Stock Exchange Agreement (the "Agreement"), dated May 8, 2001,
with Sarenghetti Enterprises, a Nevada corporation ("SARG"), which provided
for, among other things, (i) the merger of SARG with and into the Registrant
which will be the surviving entity, pursuant to a tax-free reorganization in
accordance with Section 354 and 368 of the Internal Revenue Code of 1986, as
amended; (ii) a change of control; and (iii) a name change to Malahat Energy
Corporation. This Agreement was the subject of a filing by Registrant of a
Current Report on Form 8-K, filed May 9, 2001, and Registrant hereby
incorporates the information set forth therein herein by reference.



                                PART II

                           OTHER INFORMATION


Item 1.         Legal Proceedings.

The Registrant is not involved in any material legal proceedings.

Item 2.         Changes in Securities.

     After the end of the quarter for which this report is filed, on or about
April 10, 2001, the Registrant effected a 10:1 split with respect to each
share of its common stock, par value $0.01 per share, issued and outstanding
as of that date.

Item 3.         Defaults Upon Senior Securities.

                        None.

Item 4.         Submission of matters to a Vote of Security Holders

                        None.

Item 5.         Other Information

    After the end of the quarter for which this report is filed, the
    Registrant
entered into a Stock Exchange Agreement (the "Agreement"), dated May 8, 2001,
with Sarenghetti Enterprises, a Nevada corporation ("SARG"), which provided
for: (i) the merger of SARG with and into the Registrant which will be the
surviving entity, pursuant to a tax-free reorganization in accordance with
Section 354 and 368 of the Internal Revenue Code of 1986, as amended; (ii) a
change of control; and (iii) a name change to Malahat Energy Corporation.
This Agreement was the subject of a filing by Registrant of a Current Report
on Form 8-K, filed May 9, 2001, and registrant hereby incorporates the
information set forth therein herein by reference.


Item 6.         Exhibits and reports on Form 8-K

(a) Exhibits

   The following exhibits are incorporated by reference to exhibits of the
same number, previously filed with the Commission by Registrant in its Form
10SB12G, filed February 11, 2000:

Exhibit
Number                          Description


3.1     Articles of Incorporation Certificate of Amendment of Articles of
        Incorporation

3.2      By-Laws



(b) Reports on Form 8-K.

No reports on Form 8-K were filed by the Registrant during the quarter for
which this report is filed.



SIGNATURES


     Pursuant to the requirements  of the Securities  Exchange Act of 1934, as
amended, the Registrant  has duly  caused  this  report  to be  signed  on its
behalf by the undersigned, thereunto duly authorized.

                             GRANADA MINERAL PRODUCTS, INC.

                             By: /s/   BEN DULLEY
                                       ----------
                                       BEN DULLEY
                                       PRESIDENT

DATED:  May 21, 2001