UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   Form 10-QSB



(Mark one)
    X      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
---------- ACT OF 1934

                For the quarterly period ended February 28, 2002

           TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE SECURITIES
---------- EXCHANGE ACT OF 1934

                For the transition period from ______________ to _____________



                        Commission File Number: 000-30779
                                                ---------


                        Shimoda Resources Holdings, Inc.
        (Exact name of small business issuer as specified in its charter)

         Nevada                                                75-2843787
------------------------                                ------------------------
(State of incorporation)                                (IRS Employer ID Number)

             1555 Flamingo Road, Suite 155, Las Vegas, Nevada 89119
                    (Address of principal executive offices)

                                  203-563-9430
                           (Issuer's telephone number)

           ElPlata Corporation (formerly El Plata Mining Corporation)
              (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 the past 90 days. YES X  NO
                                                             ---   ---

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest  practicable  date:  As of February  28, 2002 there were
169,010 shares of Common Stock issued and outstanding.

Transitional Small Business Disclosure Format (check one):    YES    NO X
                                                                 ---   ---

<PAGE>

                        Shimoda Resources Holdings, Inc.

               Form 10-QSB for the Quarter ended February 28, 2002

                                Table of Contents


                                                                            Page
                                                                            ----
Part I - Financial Information

  Item 1 Financial Statements                                                 3

  Item 2 Management's Discussion and Analysis                                 7


Part II - Other Information

  Item 1 Legal Proceedings                                                    8

  Item 2 Changes in Securities                                                8

  Item 3 Defaults Upon Senior Securities                                      8

  Item 4 Submission of Matters to a Vote of Security Holders                  8

  Item 5 Other Information                                                    8

  Item 6 Exhibits and Reports on Form 8-K                                     8


Signatures                                                                    9



<PAGE>

Item 1 - Part 1 - Financial Statements

                        Shimoda Resources Holdings, Inc.
                         (formerly ElPlata Corporation)
                     (formerly El Plata Mining Corporation)
                                  Balance Sheet

                                   (Unaudited)


                                                                  February 28,
                                                                       2002
                                                                  ------------
                                     ASSETS
                                     ------
Current assets
   Cash on hand and in bank                                       $        531
   Advances                                                       $         25
                                                                  ------------

Total Current Assets                                              $        556
                                                                  ------------

Other Assets
   Deferred Registration Costs                                    $     16,349
                                                                  ------------

Total Other Assets                                                $     16,349
                                                                  ------------

   Total Assets                                                   $     16,905
                                                                  ============



                      LIABILITIES AND SHAREHOLDERS' EQUITY
                      ------------------------------------
Liabilities
   Current liabilities
     Accounts payable - trade                                     $        802
                                                                  ------------

Total Current Liabilities                                         $        802
                                                                  ------------

   Total Liabilities                                              $        802
                                                                  ------------


Shareholders' equity Common stock - $0.001 par value
     100,000,000 shares authorized
     169,010 shares issued and outstanding                        $      5,022
   Additional paid-in capital                                     $     78,261
   Retained Earnings                                              ($    65,527)
   Net Income                                                     ($     1,653)
                                                                  ------------

   Total Shareholders' Equity                                     $     16,103
                                                                  ------------

   Total Liabilities and Shareholders' Equity                     $     16,905
                                                                  ============

                                                                               3
<PAGE>
<TABLE>
<CAPTION>

                        Shimoda Resources Holdings, Inc.
                         (formerly ElPlata Corporation)
                      (formerly ElPlata Mining Corporation)
                            Statements of Operations
                  Three months ended February 28, 2002 and 2001
                     and six months ended February 28, 2002

                                                     (Unaudited)

                                           Three months    Three months    Six months      Six months
                                              ended           ended          ended           ended
                                           February 28,    February 28,   February 28,    February 28,
                                                2002            2001           2002            2001
                                           ------------    ------------   ------------    ------------
<S>                                        <C>             <C>            <C>             <C>
Revenues                                   $       --      $       --     $       --      $       --
                                           ------------    ------------   ------------    ------------

Expenses
   General and Administrative Expenses     $        682    $       --     $      1,603    $       --
                                           ------------    ------------   ------------    ------------

       Total Operating Expenses            $        682    $      _       $      1,603    $       --
                                           ------------    ------------   ------------    ------------

Loss from Operations                       $        682    $       --     $      1,603    $       --
                                           ------------    ------------   ------------    ------------

Other Income
   Interest Income                         $          0    $         50   $       --      $        112
                                           ------------    ------------   ------------    ------------

Other Expenses
   Interest Expense                        $          8    $       --     $         50    $       --
                                           ------------    ------------   ------------    ------------

Income (Loss) before provision
For income taxes                           ($       690)   $       --     ($     1,653)   $       --
                                           ------------    ------------   ------------    ------------

Net Other Income                           $       --      $         50   $       --      $        112
                                           ------------    ------------   ------------    ------------

Net Income                                 ($       690)   $         50   ($     1,653)   $        112
                                           ============    ============   ============    ============

Earnings (Loss) per share of common
   stock outstanding computed on net
   income - basic and fully diluted                 -0-             -0-   ($      0.01)            -0-
                                           ============    ============   ============    ============

Weighted-average number of shares
   outstanding - basic and fully diluted        169,010         166,893        169,010         166,893
                                           ============    ============   ============    ============
</TABLE>


                                                                               4

<PAGE>

                        Shimoda Resources Holdings, Inc.
                         (formerly ElPlata Corporation)
                      (formerly ElPlata Mining Corporation)
                            Statements of Cash Flows
                   Six months ended February 28, 2002 and 2001


                                   (Unaudited)

                                                    Six months      Six months
                                                      ended           ended
                                                   February 28,    February 28,
                                                       2002             2001
                                                   ------------    ------------
Operating Activities
   Net income (loss) for the period               ($     1,653)   $        112
   Adjustments to reconcile net income / (loss)
   to net cash provided by operations:
         Advance to ASI                           ($        25)   $       --
         Accounts payable - trade                 $        803    ($       841)
                                                  ------------    ------------

Net cash provided by operating activities         ($       875)   ($       729)


Investing Activities
   Deferred Registration Costs                    ($    16,349)   $       --
                                                  ------------    ------------

Net cash provided by investing activities         ($    16,349)   $       --

Financing Activities
   Capital Stock                                  $         22    $       --
   Additional Paid-in-Capital                     $     17,716    $       --
                                                  ------------    ------------

Net cash provided by financing activities         $     17,738    $       --
                                                  ------------    ------------

Increase (Decrease) in Cash                       $        514    ($       729)

Cash at beginning of period                       $         18    $      7,358
                                                  ------------    ------------

Cash at end of period                             $        532    $      6,629
                                                  ============    ============

                                                                               5
<PAGE>

                        Shimoda Resources Holdings, Inc.
                         (formerly ElPlata Corporation)
                      (formerly ElPlata Mining Corporation)

                          Notes to Financial Statements


Note A - Organization and Description of Business

Shimoda Resources  Holdings,  Inc. (Company) was incorporated as El Plata Mining
Corporation  under  the laws of the State of Nevada  on  February  23,  1973 and
restated its Articles of  Incorporation on September 30, 1999. The September 30,
1999  restatement  changed  the  Company's  authorized  number  of  shares  from
20,000,000 to 100,000,000  and changed the stated par value per share from $0.05
per  share to $0.001  per share and  changed  the  Company's  corporate  name to
ElPlata  Corporation.  In  anticipation of a proposed  transaction,  the Company
changed its corporate name to Shimoda  Resources  Holdings,  Inc. in April 2001.
The  effect of all these  actions is  reflected  in the  accompanying  financial
statements as of the first day of the first period presented.

The Company follows the accrual basis of accounting in accordance with generally
accepted accounting principles and has a fiscal year-end of August 31.

The Company's initial activities were to have quiet and exclusive  possession of
the un-patented  lode mining claims on certain  property located in Elko County,
Nevada, together with a right to examine,  sample, drill, develop, mine, extort,
process and market from the claims all of the metal ores, minerals and materials
of  whatsoever   nature  or  sort,  except  oil  and  gas.  These  efforts  were
unsuccessful  and were  abandoned  prior to August 31,  1989,  at which time the
Company became dormant.

The Company has had no operations,  assets or liabilities  since its fiscal year
ended August 31, 1990.  Accordingly,  the Company is dependent  upon  management
and/or  significant  shareholders  to  provide  sufficient  working  capital  to
preserve the integrity of the corporate entity at this time. It is the intent of
management and significant  shareholders to provide  sufficient  working capital
necessary to support and preserve the integrity of the corporate entity.

During interim periods, the Company follows the accounting policies set forth in
its annual  audited  financial  statements  filed with the U. S.  Securities and
Exchange  Commission  on its  Annual  Report on Form  10-KSB  for the year ended
August 31,  2001.  The  information  presented  within these  interim  financial
statements  may not  include all  disclosures  required  by  generally  accepted
accounting  principles  and the  users of  financial  information  provided  for
interim periods should refer to the annual  financial  information and footnotes
when reviewing the interim financial results presented herein.

In the opinion of management,  the accompanying  interim  financial  statements,
prepared  in  accordance  with the U.S.  Securities  and  Exchange  Commission's
instructions   for  Form  10-QSB,   are   unaudited  and  contain  all  material
adjustments,  consisting  only of  normal  recurring  adjustments  necessary  to
present fairly the financial condition,  results of operations and cash flows of
the Company for the respective  interim  periods  presented.  The current period
results of operations are not necessarily  indicative of results that ultimately
will be reported for the full fiscal year ending August 31, 2002.



                                                                               6
<PAGE>

                        Shimoda Resources Holdings, Inc.
                         (formerly ElPlata Corporation)
                      (formerly ElPlata Mining Corporation)

                    Notes to Financial Statements - Continued


Part I - Item 2

Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations

(1)  Caution Regarding Forward-Looking Information

This  quarterly   report  contains   certain   forward-looking   statements  and
information relating to the Company that are based on the beliefs of the Company
or management as well as assumptions made by and information currently available
to  the  Company  or  management.   When  used  in  this  document,   the  words
"anticipate,"   "believe,"   "estimate,"   "expect"  and  "intend"  and  similar
expressions,  as they relate to the Company or its  management,  are intended to
identify forward-looking statements. Such statements reflect the current view of
the  Company   regarding  future  events  and  are  subject  to  certain  risks,
uncertainties  and  assumptions,  including the risks and  uncertainties  noted.
Should  one or more of  these  risks or  uncertainties  materialize,  or  should
underlying assumptions prove incorrect,  actual results may vary materially from
those  described  herein  as  anticipated,   believed,  estimated,  expected  or
intended. In each instance,  forward-looking information should be considered in
light of the accompanying meaningful cautionary statements herein.


(2)  Plan of Operation, Results of Operations, Liquidity and Capital Resources

The current  management  group  intends to actively  seek,  investigate  and, if
warranted,  acquire  an  interest  in  one or  more  business  opportunities  or
ventures. As of the end of the last fiscal year, the Company had divested itself
of all operating assets.

It is the  intent  of the  Corporation's  management  to  continue  seeking  new
investors  and  to  continue  to  seek  a  suitable   situation  for  merger  or
acquisition,  particularly,  to pursue the acquisition of resource  licenses and
resource companies that are based in Eastern Europe. (See 10-KSB For Fiscal Year
2000-2001 for further details)

The Company has engaged in no significant  operations other than  organizational
activities,  fund raising and  preparation  for  registration  of its securities
under the Securities Exchange Act of 1934, as amended, since August 31, 1989.

For the six months ended February 28, 2002 and 2001,  respectively,  the Company
incurred net  operating  losses as a result of expenses  principally  associated
with registration and compliance with reporting obligations under The Securities
Exchange Act of 1934,  and other  administrative  expenses  associated  with the
maintenance  of the  Company's  issued and  outstanding  stock  records  and the
preparation  of  certain  documents  to support  the  Corporation.  The  Company
anticipates that until new investor funds are raised and a business  combination
is completed with an acquisition  candidate,  it will not generate revenues. The
Company  may also  continue  to operate at a loss  after  completing  a business
combination, depending upon the performance of the acquired business.

It  is  the  intent  of  management  and  significant  stockholders  to  provide
sufficient  working  capital to preserve the integrity of the corporate  entity,
however,  there  are no  commitments  to  provide  additional  funds and no such
commitments have been made by management or other stockholders,  and the Company
has no plans, proposals, arrangements or understandings with respect to the sale
or  issuance  of  additional  securities  prior to the  location  of a merger or
acquisition  candidate.   Accordingly,  there  can  be  no  assurance  that  any
additional  funds  will be  available  to the  Company  to allow it to cover its
expenses.  Notwithstanding the forgoing, to the extent that additional funds are
required,  the Company anticipates  receiving such funds in the form of advances
from  current  shareholders  without  issuance  of  additional  shares  or other
securities,  or through the  private  placement  of  restricted  securities  and
through a public offering later this year. (See Part II, Item 5)

Regardless of whether the  Company's  cash assets prove to be inadequate to meet
the Company's  operational needs, the Company might seek to compensate providers
of services by issuances of stock in lieu of cash.


                                                                               7
<PAGE>

Part II - Other Information

Item 1 - Legal Proceedings

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

Item 2 - Changes in Securities

None

Item 3 - Defaults on Senior Securities

None

Item 4 - Submission of Matters to a Vote of Security Holders

None

Item 5 - Other Information

On February 15, 2001, the Company signed a Letter Agreement with Shimoda Capital
Advisors  Limited  ("SCAL"),  of George  Town,  Grand  Cayman,  Cayman  Islands,
appointing  SCAL as  Consultant  to the Company in  identifying,  investing  in,
monitoring and divesting in resource licenses and resource  companies in eastern
Europe.

On October 29,  2001,  the  Company  commenced  an offering of up to  12,000,000
shares of Common Stock pursuant to the private placement  exemption available in
Regulation S  promulgated  under the  Securities  Act of 1933,  as amended.  The
Shares will be offered on a "best-efforts" basis by the officers,  employees and
directors of the Company, and may be offered by independent referral sources and
through  placement agents selected by the Company who may be registered  members
of the National Association of Securities Dealers,  Inc. The Shares will only be
sold to non-U.S.  persons  outside of the United States in accordance  with Rule
903 of Regulation S promulgated under the Securities Act of 1933, as amended. No
shares have been sold to date.

In February  2002,  the Company began  preparing a SB-2 filing for submission to
the SEC. It is  anticipated  that the SB-2 filing will be  completed  during the
Company's  third or fourth  quarters of the  current  fiscal  year.  The Company
expects to register to sell  5,000,000  shares of its common  stock  pursuant to
Regulation  SB of the  Securities  Act of 1933.  The Shares will be offered on a
"best-efforts"  basis by the  officers,  employees and directors of the Company,
and may be offered by independent  referral sources and through placement agents
selected  by  the  Company  who  may  be  registered  members  of  the  National
Association of Securities Dealers, Inc.

Item 6 - Exhibits and Reports on Form 8-K

Exhibits - None
Reports on Form 8-K - None


                                                                               8
<PAGE>

                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


                                                Shimoda Resources Holdings, Inc.



March 27th, 2002                                              /s/ David J Mapley
                                                --------------------------------
                                                                  David J Mapley
                                              President, Chief Executive Officer
                                                                      & Director