U.S.
SECURITIES AND EXCHANGE COMMISSION

Washington,
D.C. 20549



FORM
10-K



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



For
the fiscal year ended December 31, 2002



Commission
file number: 000-027455



|INTERNATIONAL
    LUXURY PRODUCTS, INC.                
|-------------------------------------------------------
|(Exact
    name of Company as specified in its charter)



|Nevada                       |  | 65-079369                               
|---------------------------- |  | ----------------------------------------
|(State
    of incorporation) |  | (I.R.S.
    Employer Identification No.)



3445
Lawrence Avenue

Oceanside,
New York 11572

(Address
of principal executive offices)



(646)
768-8417

(Company’s
telephone number, including area code)



Industries
International, Incorporated

(Former
name, former address and former fiscal year, if changed since last report)



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

None



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

None



Indicate
by check mark if the Company is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐
No ☒



Indicate
by check mark if the Company is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐
No ☒



Indicate
by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during
the preceding 12 months (or for such shorter period that the Company was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes ☐ No ☒



Indicate
by check mark whether the Company has submitted electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the Company was required to submit and post such files). Yes ☐ No ☒



Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not
contained herein, and will not be contained, to the best of Company’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☐



Indicate
by check mark whether the Company is a large, accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See definitions of “large, accelerated filer,” “accelerated filer” and “smaller reporting
company” in Rule 12b-2 of the Exchange Act. (Check one):



|Large
    accelerated filer | ☐                           | Accelerated
    filer         | ☐
|--------------------------- | --------------------------- | ----------------------------- | -
|Non-accelerated
    filer   | ☐                           | Smaller
    reporting company | ☒
|                            | Emerging
    growth company | ☐                            



If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐



Indicate
by check mark whether the Company is a shell company (as defined in Rule 12b-2 of the Act). Yes ☒ No ☐



The
aggregate market value of voting stock held by non-affiliates of the Company as of the last business day of the Company’s
most recently complete second fiscal quarter was $-0- (computed by reference to the closing price of a share of the Company’s
common stock on that date as reported).



As
of August 31, 2020, there were 91,450,830 shares of the issuer’s common stock were issued and outstanding.



Documents
Incorporated By Reference: None
















TABLE
OF CONTENTS



|            |                                                                                                           |    | Page | 
|----------- | --------------------------------------------------------------------------------------------------------- | -- | ---- | 
|PART I      |                                                                                                           |    |      | 
|Item
    1  | Business                                                                                                  |    | 1    | 
|Item
    1A | Risk Factors                                                                                              |    | 6    | 
|Item
    IB | Unresolved Staff Comments                                                                                 |    | 6    | 
|Item
    2  | Properties                                                                                                |    | 6    | 
|Item
    3  | Legal Proceedings                                                                                         |    | 6    | 
|Item
    4  | Mine Safety Disclosures                                                                                   |    | 6    | 
|            |                                                                                                           |    |      | 
|PART II     |                                                                                                           |    |      | 
|Item
    5  | Market for Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |    | 7    | 
|Item
    6  | Selected Financial Data                                                                                   |    | 7    | 
|Item
    7  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                     |    | 7    | 
|Item
    7A | Quantitative and Qualitative Disclosures About Market Risk                                                |    | 9    | 
|Item
    8  | Financial Statements                                                                                      |    | F-1  | 
|Item
    9  | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure                      |    | 10   | 
|Item
    9A | Controls and Procedures                                                                                   |    | 10   | 
|Item
    9B | Other Information                                                                                         |    | 11   | 
|            |                                                                                                           |    |      | 
|PART III    |                                                                                                           |    |      | 
|Item
    10 | Directors, Executive Officers and Corporate Governance                                                    |    | 12   | 
|Item
    11 | Executive Compensation                                                                                    |    | 15   | 
|Item
    12 | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters            |    | 15   | 
|Item
    13 | Certain Relationships and Related Transactions, and Director Independence                                 |    | 16   | 
|Item
    14 | Principal Accounting Fees and Services                                                                    |    | 16   | 
|            |                                                                                                           |    |      | 
|PART IV     |                                                                                                           |    |      | 
|Item
    15 | Exhibits and Financial Statement Schedules                                                                |    | 17   | 
|            |                                                                                                           |    |      | 
|SIGNATURES  |                                                                                                           | 18 |     





i







PART
I



Item
1. Business.



As
used in this Annual Report on Form 10-K (this “Report”), references to the “Company,” the “Company,”
“we,” “our” or “us” refer to International Luxury Products Inc. f/k/a Dermalay Industries,
Inc., unless the context otherwise indicates.



Forward-Looking
Statements



Certain
statements contained in this report, including statements regarding our business, financial condition, our intent, belief or current
expectations, primarily with respect to the future operating performance of the Company and other statements contained herein
regarding matters that are not historical facts, are "forward-looking" statements. You can identify forward-looking
statements by those that are not historical in nature, particularly those that use terminology such as “may,” “will,”
“should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,”
“plans,” “projected,” “predicts,” “potential,” or “continue” or the
negative of these similar terms. Future filings with the Securities and Exchange Commission, future press releases and future
oral or written statements made by us or with our approval, which are not statements of historical fact, may contain forward-looking
statements. Because such statements include risks and uncertainties, actual results may differ materially from those expressed
or implied by such forward-looking statements.



All
forward-looking statements speak only as of the date on which they are made. We undertake no obligation to update such statements
to reflect events that occur or circumstances that exist after the date on which they are made, except as required by federal
securities and any other applicable law.



Overview



International
Luxury Products, Inc. f/k/a Dermalay Industries, Inc (“the Company”) was incorporated on August 22, 1995, as a Nevada
corporation under the name H. Herbig Land & Livestock Incorporated. From the date of incorporation to December 2, 1997, the
Company had no significant operating activities. On December 2, 1997, the Company entered a purchase agreement with Mr. William
E. Edwards to purchase the name Dermalay Industries, Inc., and inventory owned by Mr. Edwards in exchange for 2,550,000 shares
of common stock. The Company is deemed to have entered the development stage effective December 2, 1997.



Since
December 2, 1997, the Company has developed a business plan which included raising capital to produce and build market awareness
for the Company's products which was intended to consist of skincare products and sports creams produced from "Emu Oil".
The Company has not had any significant operations to date and is therefore considered to be in the development stage.



The
Company ceased operations in 2000.



On
March 07, 2005, a certificate of notice of termination of registration under section 12(g) of the Securities Exchange Act of 1934,
Form 15- 12G was filed on behalf of the Company.



On
July 11, 2019, Custodian Ventures LLC, applied for appointment as Custodian of International Luxury Products, Inc with the Eighth
Judicial District Court of Nevada. On August 22, 2019, the Eighth Judicial District Court of Nevada appointed Custodian Ventures,
LLC as the custodian for International Luxury Products, Inc., proper notice having been given to the officers and directors of
International Luxury Products, Inc. There was no opposition.



On
August 29, 2019, the Company filed a certificate of revival with the state of Nevada, appointing David Lazar as, President, Secretary,
Treasurer, and Director.





1







On
October 11, 2019, the Company issued 51,000,000 shares of common stock to Custodian Ventures, LLC at par for shares valued at
$51,000 in exchange for the settlement of a portion of a related party loan for amounts advanced to the Company in the amount
of $17,250, and the promissory note issued to the Company in the same amount.



The
Company intended to introduce a line of high-quality health, hair, and skincare products made with pure Emu oil. Emu oil comes
from the rendered fat of the Emu, which is filtered and treated to remove all proteins, bacterial, and particulate matter. After
this treatment, the oil is odorless and either a clear liquid or a cloudy cream depending on the ambient temperature.



The
Emu is a large flightless bird native to Australia. For over 200 years Emu oil has been used by the indigenous people of Australia,
and subsequently, the white settlers, for a variety of skin conditions such as treatment for chronic dry skin, relieve muscle
and joint soreness, retard the wrinkling process, and aid in the healing of eczema and psoriasis.



It
has been frequently tested by the government and private laboratories and found to contain many fatty acids that give it its unique
qualities. It contains no steroids or hormones and, when suitably treated, no bacteria.



Dr.
George Hobday conducted the first recorded Emu oil trials in Australia. His clinical experiences observed that its two major actions
were anti-inflammatory and its ability to penetrate the skin. He also concluded that it appeared to provided protection. He identified
the following applications where Emu oil was effective: Eczema; keloid; burns; joint pain, growing pains; bruising; muscle pain,
and wounds. Ongoing studies at Harner Burn Center in Lubbock, Texas find the healing process is accelerated.



The
beneficial attributes of Emu oil are also being welcomed in sports medicine. It can be found in the training rooms of professional
sports teams and fitness centers across America. An estimated 80% of NBA teams have used Emu oil for reducing pain and swelling
from injuries, as well as to decrease time lost to injury. Otho David, Head Trainer for the Philadelphia Eagles and five-time
"Professional Trainer of the Year," started using Emu oil in the training room and refers to it as "magic oil."



Emu
oil is recognized by the Australian Therapeutic Goods Administration (their equivalent to U.S. Food & Drug Administration)
and currently holds a U.S. Patent #5431924 on the anti-inflammatory composition derived from the oil. Formal recognition of Emu
oil in the U.S. by the FDA is forthcoming, but since the oil is a natural substance, recognition is not a prerequisite to the
production and sale of Emu oil products in the U.S.



The
Company previously offers three products:



Dermalay
Pure Emu Oil with Fresh Scent was the first product developed by the Company and was introduced in 1995. It penetrates the skin
barrier (stratum corneum) nearly 2.5 times faster than mineral oil-based products to deliver younger-looking skin and healthier
hair growth. It can be used as a daily moisturizer on the face and body for wrinkles, blemishes, rashes, stretch marks, hair bumps,
and minor wounds. It can also be used as a hair moisturizer for healthier hair growth or thinning and balding.



Dermalay Moisturizing Lotion is used to treat chronic dry skin and provide soothing relief for specific skin problems like Eczema,
Psoriasis, and minor burns by combining Dermalay Pure Emu Oil, a highly effective transdermal carrier, with traditional aloe vera
and other natural ingredients. This non-greasy formula helps achieve a younger, healthier appearance by accelerating the production
of new skin cells and delivering the healing effects of Emu oil and aloe vera past the skin barrier where it is needed most.



PowerHeat
Analgesic Joint/Muscle Relief is a highly effective transdermal carrier and anti-inflammatory agent, delivering concentrated capsicum
(cayenne) and eucalyptus oil past the skin barrier deep into sore muscles and joints to relieve pain and stiffness. This highly
penetrating analgesic formula is non-greasy and has a pleasant smell which becomes barely noticeable in minutes. It is recommended
as a warm-up before work-outs or for pain and stiffness in muscles and joints associated with arthritis, sports injuries, over-exertion,
accidents, and stress.





2







Company
is a Blank Check Company



At
present, the Company is a development stage company with no revenues, no assets, and no specific business plan or purpose. The
Company’s business plan is to seek new business opportunities or to engage in a merger or acquisition with an unidentified
company. As a result, the Company is a “blank check company” and, as a result, any offerings of the Company’s
securities under the Securities Act of 1933, as amended (the “Securities Act”) must comply with Rule 419 promulgated
by the Securities and Exchange Commission (the “SEC”) under the Act. The Company’s Common Stock is a “penny
stock,” as defined in Rule 3a51-1 promulgated by the SEC under the Securities Exchange Act. The Penny Stock rules require
a broker-dealer, prior to a transaction in penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure
document that provides information about Penny Stocks and the nature and level of risks in the penny stock market.



The
broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the
broker-dealer and its salesperson in the transaction, and monthly account statements showing the market value of each Penny Stock
held in the customer’s account. In addition, the Penny Stock rules require that the broker-dealer, not otherwise exempt
from such rules, must make a special written determination that the Penny Stock is suitable for the purchaser and receive the
purchaser’s written agreement to the transaction. These disclosure rules have the effect of reducing the level of trading
activity in the secondary market for a stock that becomes subject to the Penny Stock rules. So long as the common stock of the
Company is subject to the Penny Stock rules, it may be more difficult to sell the Company’s common stock.



We
are a “Shell Company,” as defined in Rule 405 promulgated by the SEC under the Securities Act. A Shell Company is
one that has no or nominal operations and either: (i) no or nominal assets; or (ii) assets consisting primarily of cash or cash
equivalents. As a Shell Company, we are restricted in our use of Registrations on Form S-8 under the Securities Act; the lack
of availability of the use of Rule 144 by security holders; and the lack of liquidity in our stock.



Form
S-8



Shell
companies are prohibited from using Form S-8 to register securities under the Securities Act. If a company ceases to be a Shell
Company, it may use Form S-8 sixty calendar days, provided it has filed all reports and other materials required to be filed under
the Exchange Act during the preceding 12 months (or for such shorter period that it has been required to file such reports and
materials after the company files “Form 10 information,” which is information that a company would be required to
file in a registration statement on Form 10 if it were registering a class of securities under Section 12 of the Exchange Act.
This information would normally be reported on a current report on Form 8-K reporting the completion of a transaction that caused
the company to cease being a Shell Company.



Unavailability
of Rule 144 for Resale



Rule
144(i) “Unavailability to Securities of Issuers With No or Nominal Operations and No or Nominal Non-Cash Assets” provides
that Rule 144 is not available for the resale of securities initially issued by an issuer that is a Shell Company. We have identified
our company as a Shell Company and, therefore, the holders of our securities may not rely on Rule 144 to have the restriction
removed from their securities without registration or until the Company is no longer identified as a Shell Company and has filed
all requisite periodic reports under the Exchange Act for the period of twelve (12) months.



As
a result of our classification as a Shell Company, our investors are not allowed to rely on the “safe harbor” provisions
of Rule 144, promulgated pursuant to the Securities Act, so as not to be considered underwriters in connection with the sale of
our securities until one year from the date that we cease to be a Shell Company. This will likely make it more difficult for us
to attract additional capital through subsequent unregistered offerings because purchasers of securities in such unregistered
offerings will not be able to resell their securities in reliance on Rule 144, a safe harbor on which holders of restricted securities
usually rely to resell securities.



3







Very
Limited Liquidity of our Common Stock



Our
common stock occasionally trades on the OTC Pink Sheet Market, as there is no active market maker in our common stock. As a result,
there is only limited liquidity in our common stock.



We
will be deemed a blank check company under Rule 419 of the Securities Act



The
provisions of Rule 419 apply to registration statements filed under the Securities Act by a blank check company, such as the Company.
Rule 419 requires that a blank check company filing a registration statement deposit the securities being offered and proceeds
of the offering into an escrow or trust account pending the execution of an agreement for an acquisition or merger. While we are
not currently registering shares for an offering, we may do so in the future.



In
addition, an issuer is required to file a post-effective amendment to a registration statement upon the execution of an agreement
for an acquisition or merger. The rule provides procedures for the release of the offering funds, if any, in conjunction with
the post-effective acquisition or merger. The obligations to file post-effective amendments are in addition to the obligations
to file Forms 8-K to report for both the entry into a material definitive (non-ordinary course of business) agreement and the
completion of the transaction. Rule 419 applies to both primary and resale or secondary offerings.



Within
five (5) days of filing a post-effective amendment setting forth the proposed terms of an acquisition, the Company must notify
each investor whose shares are in escrow, if any. Each such investor then has no fewer than 20 and no greater than 45 business
days to notify the Company in writing if they elect to remain an investor. A failure to reply indicates that the person has elected
to not remain an investor. As all investors are allotted this second opportunity to determine to remain an investor, acquisition
agreements should be conditioned upon enough funds remaining in escrow to close the transaction.



Effecting
a business combination



Prospective
investors in the Company’s common stock will not have an opportunity to evaluate the specific merits or risks of any of
the one or more business combinations that we may undertake A business combination may involve the acquisition of, or a merger
with, a company which needs to raise substantial additional capital by means of being a publicly trading company, while avoiding
what it may deem to be adverse consequences of undertaking a public offering itself. These include time delays, significant expense,
loss of voting control and compliance with various Federal and State securities laws. A business combination may involve a company
which may be financially unstable or in its early stages of development or growth.



The
Company has not identified a target business or target industry



The
Company’s effort in identifying a prospective target business will not be limited to a particular industry and the Company
may ultimately acquire a business in any industry Management deems appropriate. To date, the Company has not selected any target
business on which to concentrate our search for a business combination. While the Company intends to focus on target businesses
in the United States, it is not limited to U.S. entities and may consummate a business combination with a target business outside
of the United States. Accordingly, there is no basis for investors in the Company’s common stock to evaluate the possible
merits or risks of the target business or the particular industry in which we may ultimately operate. To the extent we effect
a business combination with a financially unstable company or an entity in its early stage of development or growth, including
entities without established records of sales or earnings, we may be affected by numerous risks inherent in the business and operations
of financially unstable and early-stage or potential emerging growth companies. In addition, to the extent that we effect a business
combination with an entity in an industry characterized by a high level of risk, we may be affected by the currently unascertainable
risks of that industry. An extremely high level of risk frequently characterizes many industries that experience rapid growth.
In addition, although the Company’s Management will endeavor to evaluate the risks inherent in a particular industry or
target business, we cannot assure you that we will properly ascertain or assess all significant risk factors.





4







Sources
of target businesses



Our
Management anticipates that target business candidates will be brought to our attention from various unaffiliated sources, including
securities broker-dealers, investment bankers, venture capitalists, bankers, and other members of the financial community, who
may present solicited or unsolicited proposals. Our Management may also bring to our attention target business candidates. While
we do not presently anticipate engaging the services of professional firms that specialize in business acquisitions on any formal
basis, we may engage these firms in the future, in which event we may pay a finder’s fee or other compensation in connection
with a business combination. In no event, however, will we pay Management any finder’s fee or other compensation for services
rendered to us prior to or in connection with the consummation of a business combination.



Probable
lack of business diversification



While
we may seek to effect business combinations with more than one target business, it is more probable that we will only have the
ability to effect a single business combination, if at all. Accordingly, the prospects for our success may be entirely dependent
upon the future performance of a single business. Unlike other entities which may have the resources to complete several business
combinations with entities operating in multiple industries or multiple areas of a single industry, it is probable that we will
lack the resources to diversify our operations or benefit from the possible spreading of risks or offsetting of losses. By consummating
a business combination with only a single entity, our lack of diversification may:



|● | subject
    us to numerous economic, competitive and regulatory developments, any or all of which may have a substantial adverse impact
    upon the particular industry in which we may operate subsequent to a business combination, and
|- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|● | result
    in our dependency upon the development or market acceptance of a single or limited number of products, processes or services.                                                                                                  



Limited
ability to evaluate the target business’ Management



We
cannot assure you that our assessment of the target business’ Management will prove to be correct. In addition, we cannot
assure you that the future Management will have the necessary skills, qualifications or abilities to man



age
a public company intending to embark on a program of business development. Furthermore, the future role of our director, if any,
in the target business cannot presently be stated with any certainty.



While
it is possible that our director will remain associated in some capacity with us following a business combination, it is unlikely
that he will devote his full efforts to our affairs subsequent to a business combination. Moreover, we cannot assure you that
our director will have significant experience or knowledge relating to the operations of the particular target business.



Following
a business combination, we may seek to recruit additional managers to supplement the incumbent Management of the target
business. We cannot assure you that we will have the ability to recruit additional managers, or that additional managers will
have the requisite skills, knowledge or experience necessary to enhance the incumbent Management.



Competition



There
is significant competition in the Emu oil industry. Many of the Company’s competitors are better capitalized and have more
experience in the business. This presents business risks to the Company.



This
competition includes Emuvera, New World Technologies, The Emu Man, and Rhemu. All of these companies charge competitive prices.
Pure oil ranges between $10 and $12 per ounce, while lotion tends to sell for about $17 for six ounces. However, the quality of
these products varies as these companies sometimes include inferior oil or less than the optimum amount of oil in their products.
The Company uses only the best oil in quantities which delivers the optimum results for the consumer.





5







The
major competitors' objectives and strategies are to develop a market for their products on a national scale. While none has yet
done so, it could happen soon. Competitive threats today come from other companies with more capital to invest in national advertising
campaigns, not from any with a product better than the Company's.



Limited
depth of management:



The
Company has a quality management team. However, that team is limited in number. If one or more of the immediate management team
was incapacitated, this could have a negative effect on the Company.



Item
1A. Risk Factors



Smaller
reporting companies are not required to provide the information required by this Item 1A.



Item
1B. Unresolved Staff Comments



None



Item
2. Properties



The
Company has no property.



Item
3. Legal Proceedings



There
are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company,
any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a
party adverse to the Company or has a material interest adverse to the Company. The Company’s property is not the subject
of any pending legal proceedings.



Item
4. Mine Safety Disclosures



Not
applicable.





6







PART
II



Item
5. Market for Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.



Market
Information



The
Company's common stock is listed on OTC Markets. The last reported sales price of our common stock on the OTC Markets on August
5, 2020, was $0.05.



Dividend
Policy



We
have not declared or paid dividends on our common stock since our formation, and we do not anticipate paying dividends in the
foreseeable future. Declaration or payment of dividends, if any, in the future, will be at the discretion of our Board of
Directors and will depend on our then-current financial condition, results of operations, capital requirements
and other factors deemed relevant by the Board of Directors. There are no contractual restrictions on
our ability to declare or pay dividends.



Holders



As
of June 30, 2020, there were 91,450,830 shares of common stock issued and outstanding, which were held by approximately 304 stockholders
of record.



Equity
Compensation Plans



We
do not have any equity compensation plans.



Recent
Sales of Unregistered Securities; Use of Proceeds from Registered Securities



None.



Purchases
of Equity Securities by the Small Business Issuer and Affiliated Purchasers



None.



Item
6. Selected Financial Data.



Smaller
reporting companies are not required to provide the information required by this Item 6.



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



The
following discussion should be read in conjunction with the Company’s consolidated financial statements, which are included
elsewhere in this Form 10-K.



Results
of Operations



Management’s
Plan of Operation



Overview



The
Company’s current business objective is to seek a business combination with an operating company. We intend to use the Company’s
limited personnel and financial resources in connection with such activities. The Company will utilize its capital stock, debt,
or a combination of capital stock and debt, in effecting a business combination. It may be expected that entering into a business
combination will involve the issuance of restricted shares of capital stock. The issuance of additional shares of our capital
stock:



|● | may
    significantly reduce the equity interest of our stockholders;                                                                                                                                                                                                                                                             
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|● | will
                                                         likely cause a change in control if a substantial number of our shares of capital stock are issued, and most likely will also
                                                         result in the resignation or removal of our present officer and director; and
|● | may
    adversely affect the prevailing market price for our common stock.                                                                                                                                                                                                                                                        



Similarly,
if we issued debt securities, it could result in:



|● | default
                                                         and foreclosure on our assets if our operating revenues after a business combination were insufficient to pay our debt
                                                         obligations;                                                                                                                                                                                                                                                   
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|● | acceleration
                                                         of our obligations to repay the indebtedness even if we have made all principal and interest payments when due if the debt
                                                         security contained covenants that required the maintenance of certain financial ratios or reserves and any such covenants
                                                         were breached without a waiver or renegotiations of such covenants;
|● | our
    immediate payment of all principal and accrued interest, if any, if the debt security was payable on demand; and                                                                                                                                                                                                                                                                                                                                                                                        
|● | our
                                                         inability to obtain additional financing, if necessary, if the debt security contained covenants restricting our ability to
                                                         obtain additional financing while such security was outstanding.                                                                                                                                                                                              



7







Liquidity



As
of December 31, 2002, the Company has no business operations and no cash resources other than that provided by Management. We
are dependent upon interim funding provided by Management or an affiliated party to pay professional fees and expenses. Our Management
and an affiliated party have agreed to provide funding as may be required to pay for accounting fees and other administrative
expenses of the Company until the Company enters into a business combination. The Company would be unable to continue as a going
concern without interim financing provided by Management.



If
we require additional financing, we cannot predict whether equity or debt financing will become available at terms acceptable
to us, if at all. The Company depends upon services provided by Management and an affiliated party to fulfill its filing obligations
under the Exchange Act. At present, the Company has no financial resources to pay for such services.



The
Company does not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing
business combinations, maintaining the filing of Exchange Act reports, the investigation, analyzing, and consummation of acquisition
for an unlimited period of time will be paid from additional money contributed by David Lazar, our sole officer and director,
or an affiliated party.



Off-Balance
Sheet Arrangements



As
of December 31, 2002, and 2001, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation
S-K promulgated under the Securities Act of 1934.



Contractual
Obligations and Commitments



As
of December 31, 2002, and 2001, we did not have any contractual obligations.



Critical
Accounting Policies



Our
significant accounting policies are described in the notes to our financial statements for the years ended December 31, 2002,
and December 31, 2001, are included elsewhere in this Form 10K.



Going
Concern



The
accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates
the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following
the date of these financial statements. As of December 31, 2002 the Company had negative shareholders’ equity of $1,468.



Because
the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this
raises substantial doubt about the Company’s ability to continue as a going concern. Historically, the Company has raised
capital through private placements, as an interim measure to finance working capital needs and may continue to raise additional
capital through the sale of common stock or other securities and obtaining some short-term loans.



Critical
Accounting Policies



The
financial statements and the related notes of our company are prepared in accordance with generally accepted accounting principles
in the United States and are expressed in US dollars.





8







Use
of Estimates



The
preparation of financial statements in conformity with United States generally accepted accounting principles requires management
to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets
and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting
period. The Company regularly evaluates estimates and assumptions related to deferred income tax asset valuation allowances. The
Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes
to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of
assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results
experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material
differences between the estimates and the actual results, future results of operations will be affected.



Recent
Accounting Pronouncements



There
are no recent accounting pronouncements that impact the Company’s operations



Item
7A. Quantitative and Qualitative Disclosures About Market Risk



As
a “smaller reporting company” we are not required to provide this information.





9







Item
8. Financial Statements.



REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To
the Board of Directors and Stockholders of International Luxury Products, Inc.:



We were engaged to audit the accompanying balance
sheets of International Luxury Products, Inc. (“the Company”) as of December 31, 2002 and 2001 and the related statement
of operations, stockholders’ equity (deficit) and cash flows for the years then ended. As described in the following paragraph,
because the Company’s records were not sufficient, we were not able to obtain sufficient appropriate audit evidence to provide
a basis for an audit opinion on the financial statements, and we do not express, an opinion on these financial statements.



Basis
for Disclaimer Opinion:



We were not engaged as auditors of the Company
until August of 2020 at which time much of the audit evidence necessary to provide a basis for an audit opinion had been destroyed
or lost. We were unable to satisfy ourselves by other audit procedures concerning the assets and liabilities held at December 31,
2002 and 2001, as well as the revenues and expenses recognized for the year then ended. As a result of these matters, we were unable
to determine whether any adjustments might have been found necessary in respect of recorded or unrecorded assets, liabilities,
revenue and expenses.



We
conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit 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,
assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation. Because of the matters described in the Basis for Disclaimer Opinion paragraph above, however, we were
not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.



The
company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our
audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate
in the circumstances, but not for the purpose of expressing an opinion on the Company’s internal control over financial reporting.
Accordingly, we express no such opinion.



Because
of the significance of the matters described in the Basis for Disclaimer Opinion paragraph, we have not been able to obtain sufficient
appropriate audit evidence to provide a basis for an audit opinion. Accordingly, we do not express an opinion on these financial
statements.



Substantial
Doubt about the Company’s Ability to Continue as a Going Concern



The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed
in Note 2 to the financial statements, the Company’s significant operating losses raise substantial doubt about its ability
to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of
this uncertainty.



/s/
BF Borgers CPA PC

B
F Borgers CPA PC



We
have served as the Company’s auditor since 2020

Lakewood,
CO

September 1, 2020



F-1







INTERNATIONAL LUXURY PRODUCTS, INC.

(UNAUDITED) BALANCE SHEETS



|                                                                                                                                       |  | December 31, |         |   | December 31, |  
|-------------------------------------------------------------------------------------------------------------------------------------- |  | ------------ | ------- | - | ------------ | -
|                                                                                                                                       |  | 2002         |         |   | 2001         |  
|                                                                                                                                       |  |              |         |   |              |  
|ASSETS                                                                                                                                 |  |              |         |   |              |  
|                                                                                                                                       |  |              |         |   |              |  
|Total Assets                                                                                                                           |  | $            | -       |   |              | $
|                                                                                                                                       |  |              |         |   |              |  
|LIABILITIES & STOCKHOLDERS’ DEFICIT                                                                                                    |  |              |         |   |              |  
|                                                                                                                                       |  |              |         |   |              |  
|Current liabilities                                                                                                                    |  |              |         |   |              |  
|Bank overdraft                                                                                                                         |  | $            | 1,468   |   |              | $
|Total current liabilities                                                                                                              |  |              | 1,468   |   |              |  
|                                                                                                                                       |  |              |         |   |              |  
|Commitments and contingencies                                                                                                          |  |              | -       |   |              |  
|                                                                                                                                       |  |              |         |   |              |  
|Stockholders’ Equity                                                                                                                   |  |              |         |   |              |  
|Common Stock, $.001 par value, 50,000,000 shares authorized, 3,550,000 shares, issued and outstanding as of December 31,
2002 and 2001 |  |              | 3,550   |   |              |  
|Additional paid- in capital                                                                                                            |  |              | 54,687  |   |              |  
|Retained earnings (deficit)                                                                                                            |  |              | (59,705 | ) |              |  
|Total Stockholders’ Equity (Deficit)                                                                                                   |  |              | (1,468  | ) |              |  
|Total Liabilities and Stockholders’ (Equity)                                                                                           |  | $            | -       |   |              | $



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



F-2







INTERNATIONAL LUXURY PRODUCTS, INC.

(UNAUDITED) STATEMENTS OF OPERATIONS



|                                                  |  | YEARS ENDED  |          
|------------------------------------------------- |  | ------------ | ---------
|                                                  |  | December 31, |          
|                                                  |  | 2002         |          
|                                                  |  |              |          
|Revenue                                           |  | $            | -        
|                                                  |  |              |          
|Operating Expenses:                               |  |              |          
|General and administrative                        |  |              | -        
|Total operating expenses                          |  |              | -        
|Income (Loss) from operations                     |  |              | -        
|                                                  |  |              |          
|Other (expense) net                               |  |              | -        
|Income (loss) before provision for income taxes   |  |              | -        
|Provision for income taxes                        |  |              | -        
|Net loss                                          |  | $            | -        
|                                                  |  |              |          
|Basic and diluted earnings(loss) per common share |  | $            | -        
|                                                  |  |              |          
|Weighted average number of shares outstanding     |  |              | 3,550,000



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



F-3







INTERNATIONAL LUXURY PRODUCTS, INC.

(UNAUDITED) STATEMENTS OF CASH FLOWS



|                                                                                            |  | YEARS ENDED  |  
|------------------------------------------------------------------------------------------- |  | ------------ | -
|                                                                                            |  | December 31, |  
|                                                                                            |  | 2002         |  
|Cash Flows From Operating Activities:                                                       |  |              |  
|Net income (loss)                                                                           |  | $            | -
|Adjustments to reconcile net income to net cash provided by (used for) operating activities |  |              |  
|Loss on disposal of assets                                                                  |  |              |  
|Net cash provided by operating activities                                                   |  |              | -
|                                                                                            |  |              |  
|Cash Flows From Investing Activities:                                                       |  |              |  
|Net cash provided by (used for) investing activities                                        |  |              | -
|                                                                                            |  |              |  
|Cash Flows From Financing Activities:                                                       |  |              |  
|Net cash provided by (used for) financing activities                                        |  |              | -
|                                                                                            |  |              |  
|Net Increase (Decrease) In Cash                                                             |  |              | -
|Cash At The Beginning Of The Period                                                         |  |              | -
|Cash At The End Of The Period                                                               |  | $            | -
|                                                                                            |  |              |  
|Supplemental disclosure of cash flow information:                                           |  |              |  
|Cash paid for income taxes                                                                  |  | $            | -
|Cash paid for interest                                                                      |  | $            | -



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



F-4







INTERNATIONAL LUXURY PRODUCTS, INC.

(UNAUDITED) STATEMENTS OF CHANGES IN
STOCKHOLDERS’ EQUITY



|                           |  |              |           |  |         |   |       | Additional |  |   | Retained  |  |  | Stockholders' |        
|-------------------------- |  | ------------ | --------- |  | ------- | - | ----- | ---------- |  | - | --------- |  |  | ------------- | -------
|                           |  | Common stock |           |  | Paid-in |   |       | Earnings   |  |   | Equity/   | 
|                           |  | Shares       |           |  | Value   |   |       | Capital    |  |   | (Deficit) |  |  | (Deficit)     |        
|                           |  |              |           |  |         |   |       |            |  |   |           |  |  |               |        
|Balance, December 31, 2000 |  |              | 3,550,000 |  |         | $ | 3,550 |            |  | $ | 54,687    |  |  | $             | (59,705
|                           |  |              |           |  |         |   |       |            |  |   |           |  |  |               |        
|Net income (loss)          |  |              |           |  |         |   |       |            |  |   |           |  |  |               | -      
|                           |  |              |           |  |         |   |       |            |  |   |           |  |  |               |        
|Balance, December 31, 2001 |  |              | 3,550,000 |  |         | $ | 3,550 |            |  | $ | 54,687    |  |  | $             | (59,705
|                           |  |              |           |  |         |   |       |            |  |   |           |  |  |               |        
|Net income (loss)          |  |              |           |  |         |   |       |            |  |   |           |  |  |               | -      
|                           |  |              |           |  |         |   |       |            |  |   |           |  |  |               |        
|Balance, December 31, 2002 |  |              | 3,550,000 |  |         | $ | 3,550 |            |  | $ | 54,687    |  |  | $             | (59,705



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



F-5







INTERNATIONAL
LUXURY PRODUCTS, INC.

NOTES
TO FINANCIAL STATEMENTS

FOR
THE YEARS ENDED DECEMBER 31, 2002 AND 2001



NOTE
1 – ORGANIZATION AND DESCRIPTION OF BUSINESS



International
Luxury Products, Inc. f/k/a Dermalay Industries, Inc (“the Company”) was incorporated on August 22, 1995 as a Nevada
corporation under the name H. Herbig Land & Livestock Incorporated. From the date of incorporation to December 2, 1997 the
Company had no significant operating activities. On December 2, 1997, the Company entered a purchase agreement with Mr. William
E. Edwards to purchase the name Dermalay Industries, Inc., and inventory owned by Mr. Edwards in exchange for 2,550,000 shares
of common stock. The Company is deemed to have entered the development stage effective December 2, 1997.



Since
December 2, 1997, the Company has developed a business plan which included raising capital to produce and build market awareness
for the Company’s products which was intended to consist of skin care products and sports creams produced from “Emu Oil”.
The Company has not had any significant operations to date, and is therefore considered to be in the development stage.



The
Company ceased operations in 2000.



On
March 07, 2005, a certificate of notice of termination of registration under section 12(g) of the Securities Exchange Act of 1934,
Form 15- 12G was filed on behalf of the Company.



On
July 11, 2019, Custodian Ventures LLC, applied for appointment as Custodian of International Luxury Products, Inc with the Eight
Judicial District Court of Nevada. On August 22, 2019, the Eight Judicial District Court of Nevada appointed Custodian Ventures,
LLC as custodian for International Luxury Products, Inc., proper notice having been given to the officers and directors of International
Luxury Products, Inc. There was no opposition.



On
August 29, 2019, the Company filed a certificate of revival with the state of Nevada, appointing David Lazar as, President, Secretary,
Treasurer and Director.



On
October 11, 2019, the Company issued 51,000,000 shares of common stock to Custodian Ventures, LLC at par for shares valued at
$51,000 in exchange for settlement of a portion of a related party loan for amounts advanced to the Company in the amount of $17,250,
and the promissory note issued to the Company in the amount $33,750.



NOTE
2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



Basis
of Presentation



The
accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“FASB”)
“FASB Accounting Standard CodificationTM” (the “Codification”) which is the source of authoritative
accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements
in conformity with generally accepted accounting principles (“GAAP”) in the United States.



Going
Concern



The accompanying financial statements have
been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business for the twelve-month period following the date of these financial statements. As
of December 31, 2002 the Company had negative shareholders’ equity of $1,468.



Because
the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this
raises substantial doubt about the Company’s ability to continue as a going concern.. Historically, the Company has raised
capital through private placements, as an interim measure to finance working capital needs and may continue to raise additional
capital through the sale of common stock or other securities and obtaining some short-term loans.



Use
of Estimates



The
preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect
the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements.
Actual results could differ from these estimates.





F-6







Cash
and cash equivalents



The Company considers all highly liquid temporary
cash investments with an original maturity of three months or less to be cash equivalents. On December 31, 2002 and December 31,
2001, the Company’s cash equivalents totaled $-0- and $-0- respectively.



Income
taxes



The
Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740,
deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial
statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities
are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are
expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax
rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, “Accounting for
Uncertainty in Income Taxes” prescribes a recognition threshold and a measurement attribute for the financial statement
recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized,
a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.



The
amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate
settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts
or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability
under audit.



Net
Loss per Share



Net
loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as
defined by Financial Accounting Standards, ASC Topic 260, "Earnings per Share." Basic earnings per common share (“EPS”)
calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during
the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number
of common shares and dilutive common share equivalents outstanding.



Recent
Accounting Pronouncements



There
are no recent accounting pronouncements that impact the Company’s operations



NOTE
3 – COMMITMENTS AND CONTINGENCIES



The Company has authorized 50,000,000 shares
of common stock. As of December 31, 2002, and December 31, 2001 respectively, there were 3,550,000 shares of Common Stock issued
and outstanding.



NOTE
4 – COMMITMENTS AND CONTINGENCIES



The Company did not have any contractual commitments of December
31, 2002 and December 31, 2001.



NOTE
5 – SUBSEQUENT EVENTS



On
March 07, 2005, a certificate of notice of termination of registration under section 12(g) of the Securities Exchange Act of 1934,
Form 15- 12G was filed on behalf of the Company.



On
July 11, 2019, Custodian Ventures LLC, applied for appointment as Custodian of International Luxury Products, Inc with the Eight
judicial District Court of Nevada. On August 22, 2019, the eight judicial District Court of Nevada appointed Custodian Ventures,
LLC as custodian for International Luxury Products, Inc., proper notice having been given to the officers and directors of International
Luxury Products, Inc. There was no opposition.



On
August 29, 2019, the Company filed a certificate of revival with the state of Nevada, appointing David Lazar as, President, Secretary,
Treasurer and Director.



On
October 11, 2019, the Company issued 51,000,000 shares of common stock to Custodian Ventures, LLC at par for shares valued at
$51,000 in exchange for settlement of a portion of a related party loan for amounts advanced to the Company in the amount of $17,250,
and the promissory note issued to the Company in the amount $33,750





F-7







Item
9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.



None



Item
9A. Controls and Procedures



EVALUATION
OF DISCLOSURE CONTROLS



Under
the supervision and with the participation of our management, including our principal executive officer and principal financial
officer, the Company conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e)
and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), as of December
31, 2002. Based on this evaluation, our principal executive officer and principal financial officer has concluded that, because
of the material weaknesses in our internal control over financial reporting due to lack of segregation of duties discussed below,
the Company's disclosure controls and procedures were not effective to ensure that information required to be disclosed by the
Company in the reports filed or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time
periods specified in the Securities and Exchange Commission's rules and forms and that the Company's disclosure and controls are
designed to ensure that information required to be disclosed by the Company in the reports that we file or submit under the Exchange
Act is accumulated and communicated to management, including our principal executive officer and principal financial officer,
or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Notwithstanding
the material weaknesses discussed below, our principal executive officer and principal financial officer has concluded that the
consolidated financial statements included in this Form 10-K present fairly, in all material respects, our financial position,
results of operations and cash flows for the periods presented in conformity with accounting principles generally accepted in
the United States.



Management's
Report on Internal Control over Financial Reporting



Our
management is responsible for establishing and maintaining adequate internal control over our financial reporting. Internal control
over financial reporting is a process to provide reasonable assurance regarding the reliability of our financial reporting for
external purposes in accordance with generally accepted accounting principles. Internal control over financial reporting includes
policies and procedures that: (i) pertain to maintaining records that in reasonable detail accurately and fairly reflect
our transactions; (ii) provide reasonable assurance that transactions are recorded as necessary for preparation of our financial
statements and that receipts and expenditures of company assets are made in accordance with management authorization; and (iii) provide
reasonable assurance that unauthorized acquisition, use or disposition of company assets that could have a material effect on
our financial statements would be prevented or detected on a timely basis. Because of its inherent limitations, internal control
over financial reporting is not intended to provide absolute assurance that a misstatement of our financial statements would be
prevented or detected.



Our
management evaluated the effectiveness of our internal control over financial reporting as of December 31, 2002 based on the framework
inInternal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting,
such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements
will not be prevented or detected on a timely basis. Based on management's assessment, including consideration of the control
deficiencies discussed below, management has concluded that the Company's internal control over financial reporting was not effective
as of December 31, 2002, because there was a material weakness in its internal control over financial reporting. Specifically,
through the investigation discussed above, management identified a lack of segregation of duties as well as errors in financial
statement presentation and disclosure.





10







Lack
of Segregation of Duties



Management
is aware that there is a lack of segregation of duties at the Company due to the lack of employees dealing with general administrative
and financial matters. However, at this time management has decided that considering the abilities of the employees now involved
and the control procedures in place, the risks associated with such lack of segregation are low and the potential benefits of
hiring employees to clearly segregate duties do not justify the substantial expenses associated with such increases. Management
will periodically reevaluate this situation.



In
order to mitigate the foregoing material weakness, we have engaged an outside accounting consultant with significant experience
in the preparation of financial statements in conformity with U.S. GAAP to assist us in the preparation of our financial statements
to ensure that these financial statements are prepared in conformity to U.S. GAAP. Management believes that this will lessen the
possibility that a material misstatement of our annual or interim financial statements will be prevented or detected on a timely
basis, and we will continue to monitor the effectiveness of this action and make any changes that our management deems appropriate.



This
annual report does not include an attestation report of our registered public accounting firm regarding internal control over
financial reporting. Management's report was not subject to attestation by the Company's registered public accounting firm pursuant
to the exemption provided to issuers that are not "large accelerated filers" nor "accelerated filers" under
the Dodd-Frank Wall Street Reform and Consumer Protection Act.



Changes
in Internal Control Over Financial Reporting



There
have been no changes in our internal control over financial reporting that occurred during our last fiscal year that have materially
affected, or are reasonably likely to materially affect, our internal control over financial reporting.



Item
9B. Other Information.



None.





11







PART
III



Item
10.  Directors, Executive Officers and Corporate Governance



All
Directors of the Company hold office until the next annual meeting of the security holders or until their successors have been
elected and qualified. The officers of the Company are appointed by the Board of Directors and hold office until their death,
resignation or removal from office. The Directors and Executive Officers, their ages, positions held, and duration as such, are
as follows:



|Name            |  | Position
    Held with the Company                           |  | Age |  | Date
    First Elected or Appointed
|--------------- |  | ------------------------------------------------------------ |  | --- |  | -----------------------------------
|David
    Lazar |  | President,
    CEO, Treasurer, CFO, Secretary, sole Director |  | 29  |  | August
    29, 2019                



Business
Experience



The
following is a brief account of the education and business experience during at least the past five years of each current Director,
Executive Officer and key employee of the Company, indicating the person’s principal occupation during that period, and
the name and principal business of the organization in which such occupation and employment were carried out.



Mr.
David Lazar, 29, is a private investor with business experience. Mr. Lazar has been a partner at Zenith Partners International
since 2013, where he specializes in research and development, sales and marketing. From 2014 through 2015, David was the Chief
Executive Officer of Dico, Inc., which was then sold to Peekay Boutiques. Since February of 2018, Mr. Lazar has been the managing
member of Custodian Ventures LLC, where he specializes in assisting distressed public companies. Since March 2018, David has acted
as the managing member of Activist Investing LLC, which specializes in active investing in distressed public companies. David
has a diverse knowledge of financial, legal and operations management, public company management, accounting, audit preparation,
due diligence reviews and SEC regulations. David Lazar is also the sole officer and director of Melt, Inc. and Zhongchai Machinery,
Inc., both of which are blank check companies. His expertise includes early-stage company capital restructuring, debt financing,
capital introductions, and mergers and acquisitions. Mr. Lazar was selected to serve as a director due to his knowledge of the
capital markets, his judgment in assessing business strategies and accompanying risks, and his expertise with smaller reporting
companies. Mr. Lazar and his affiliates have not, within the past five years, filed any bankruptcy petition, been convicted in
or been the subject of any pending criminal proceedings, or is any such person the subject or any order, judgment or decree involving
the violation of any state or federal securities laws.





12







Employment
Agreements



We
have no formal employment agreement with David Lazar who is our sole employee, Directors or officer.



Family
Relationships



None.



Involvement
in Certain Legal Proceedings



None
of our Directors, Executive Officers, promoters or control persons has been involved in any of the following events during the
past 10 years:



1.
A petition under the Federal bankruptcy laws or any state insolvency law was filed by or against, or a receiver, fiscal agent
or similar officer was appointed by a court for the business or property of such person, or any partnership in which he was a
general partner at or within two years before the time of such filing, or any corporation or business association of which he
was an Executive Officer at or within two years before the time of such filing;



2.
Such person was convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding traffic violations
and other minor offenses;



3.
Such person was the subject of any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of
competent jurisdiction, permanently or temporarily enjoining him from, or otherwise limiting, the following activities:



| | i.   | Acting
    as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage
    transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an associated person of any
    of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, Director
    or employee of any investment company, bank, savings and loan association or insurance company, or engaging in or continuing
    any conduct or practice in connection with such activity
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | ii.  | Engaging
    in any type of business practice; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| |      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | iii. | Engaging
    in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of
    Federal or State securities laws or Federal commodities laws;                                                                                                                                                                                                                                                                                                                                                                                                     



4.
Such person was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal
or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity
described in paragraph (f)(3)(i) of this section, or to be associated with persons engaged in any such activity;



5.
Such person was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal
or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed,
suspended, or vacated;





13







6.
Such person was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to
have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission
has not been subsequently reversed, suspended or vacated;



7.
Such person was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding,
not subsequently reversed, suspended or vacated, relating to an alleged violation of:



| | i.   | Any
    Federal or State securities or commodities law or regulation; or                                                                                                                                                                                                                                      
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |      |                                                                                                                                                                                                                                                                                                               
| | ii.  | Any
    law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent
    injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or
    removal or prohibition order; or
| |      |                                                                                                                                                                                                                                                                                                               
| | iii. | Any
    law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or                                                                                                                                                                                                  



8.
Such person was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any
self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity
(as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity
or organization that has disciplinary authority over its members or persons associated with a member.



Code
of Ethics



As
of the date of filing, the Company has not adopted a corporate code of ethics. The Company has never adopted a corporate code
of ethics, and the new management of the Company has not yet made plans to formulate such a code.



Board
and Committee Meetings



Our
Board of Directors currently consists of one member, Mr. David Lazar. The Board of Directors held no formal meetings during the
year ended December 31, 2002. Until the Company develops a more comprehensive Board of Directors, all proceedings will be conducted
by resolutions consented to in writing by all the Directors and filed with the minutes of the proceedings of the Directors. Such
resolutions consented to in writing by the Directors entitled to vote on that resolution at a meeting of the Directors are, according
to the Nevada General Corporate Law and our Bylaws, as valid and effective as if they had been passed at a meeting of the Directors
duly called and held.



Nomination
Process



During
the year ended December 31, 2002, we did not effect any material changes to the procedures by which our shareholders may recommend
nominees to our Board of Directors. Our Board of Directors does not have a policy with regards to the consideration of any director
candidates recommended by our shareholders. Our Board of Directors has determined that it is in the best position to evaluate
our company’s requirements as well as the qualifications of each candidate when the Board of Directors considers a nominee
for a position on our Board of Directors. If shareholders wish to recommend candidates directly to our Board of Directors, they
may do so by sending communications to the President of our Company at the address on the cover of this Comprehensive Annual Report
on Form 10-K.



Audit
Committee



Currently
the Company does not have an Audit Committee. The Company intends to appoint audit, compensation and other applicable committee
members as it identifies individuals with pertinent expertise.



Audit
Committee Financial Expert



Our
Board of Directors does not have a member that qualifies as an “audit committee financial expert” as defined in Item
407(d)(5)(ii) of Regulation S-K. The Company intends to appoint audit, compensation and other applicable committee members as
it identifies individuals with pertinent expertise.





14







Item
11.  Executive Compensation



No
executive compensation was paid during the fiscal years ended December 31, 2002 and 2001. The Company has no employment agreement
with any of its officers and directors.



Outstanding
Equity Awards at Fiscal Year End



None
of our executive officers received any equity awards, including, options, restricted stock or other equity incentives during the
fiscal year ended December 31, 2002 and 2001 .



Compensation
of Directors



During
the year ended December 31, 2002 and 2001, no officer received any compensation solely for service as a director.



Compensation
Committee Interlocks and Insider Participation



During
the fiscal years of 2002 and 2001, we did not have a standing compensation committee. Our board of directors was responsible for
the functions that would otherwise be handled by the compensation committee. The sole director conducted deliberations concerning
executive officer compensation, including directors who were also executive officers. David Lazar, as our sole director, has authority
and discretion to determine his own compensation for serving as the Company’s President and Chief Executive Officer.



Item
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.



The
following table sets forth, as of June 30, 2020 certain information with respect to the beneficial ownership of our common shares
by each shareholder known by us to be the beneficial owner of more than 5% of our common shares, as well as by each of our current
Directors and Executive Officers as a group. Each person has sole voting and investment power with respect to the shares of Common
Stock, except as otherwise indicated. Beneficial ownership consists of a direct interest in the shares of Common Stock, except
as otherwise indicated.



Under
Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement,
understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the
voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain
shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the
power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right
to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided.
In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares
beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of
outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting
power with respect to the number of shares of Common Stock actually outstanding on June 30, 2020. As of June 30, 2020, there were
91,450,830 shares of our Company’s Common Stock issued and outstanding.



|                                                       |  | Amount and    |            |  |              | 
|------------------------------------------------------ |  | ------------- | ---------- |  | ------------ | 
|                                                       |  | Nature        |            |  |              | 
|                                                       |  | of Beneficial |            |  | Percentage   | 
|Name and Address of Beneficial Owner                   |  | Ownership     |            |  | of Class (1) | 
|David Lazar(2)                                         |  |               | 51,000,000 |  |              | 
|                                                       |  |               |            |  |              | 
|Directors and Executive Officers as a Group (1 person) |  |               | 51,000,000 |  |              | 
|                                                       |  |               |            |  |              | 
|5% or greater shareholders                             |  |               |            |  |              | 
|Herman G. Herbig/On time Invest                        |  |               | 20,630,000 |  |              | 



|(1) | Percentages
    are calculated based on 91,450,830 shares of the Company’s Common Stock issued and outstanding on June 30, 2020.                                 
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------
|(2) | Address
    at 1185 Avenue of the Americas, 3rd Floor, New York, NY 10036. The shares are held by Custodian Ventures, LLC,
    which is controlled by David Lazar
|(3) | 6
    Avenue d’I+NA  Paris France                                                                                                                                



15







Item
13. Certain Relationships and Related Transactions, and Director Independence.



Mr.
Lazar, the Company’s Court-appointed custodian is considered a related party. As of August 1, 2020, he had extended $13,569
in interest free demand loans to the Company.



Director
Independence



The
Company does not have a separately designated nominating committee of our Board of Directors. None of our directors is deemed
to be independent, as such term is defined in the listing standards of The Nasdaq Stock Market, Inc. (“Nasdaq”).



Item
14. Principal Accounting Fees and Services.



|                   |  | Year Ended   |     |  | Year Ended   |  
|------------------ |  | ------------ | --- |  | ------------ | -
|                   |  | December 31, |     |  | December 31, |  
|                   |  | 2002         |     |  | 2001         |  
|Audit Fees         |  | $            | 0   |  |              | $
|Audit-Related Fees |  | $            | 0   |  |              | $
|Tax Fees           |  | $            | 0   |  |              | $
|Total              |  | $            | N/A |  |              | $



Our
Board of Directors pre-approves all services provided by our independent auditors. All of the above services and fees were reviewed
and approved by the Board of Directors either before or after the respective services were rendered.



Our
Board of Directors has considered the nature and amount of fees billed by our independent auditors and believes that the provision
of services for activities unrelated to the audit is compatible with maintaining our independent auditors’ independence.





16







PART
IV



Item
15. Exhibits. Financial Statement Schedules.



Exhibits



|Exhibit No. |  | Description                                                                     
|----------- |  | --------------------------------------------------------------------------------
|            |  |                                                                                 
|31.1*       |  | Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer.              
|            |  |                                                                                 
|31.2*       |  | Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.              
|            |  |                                                                                 
|32.1*       |  | Rule 1350 Certifications of Chief Executive Officer and Chief Financial Officer.





17







SIGNATURES



Pursuant
to the requirements of Section 13 or 15(d) 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.



|                             | International
    luxury products, Inc.
|---------------------------- | ---------------------------------------
|                             | (Registrant)                           
|                             |                                        
|Dated:
    September 9, 2020 | By:                                    
|                             |                                        
|                             |                                        
|                             |                                        
|                             |                                        
|Dated:
    September 9, 2020 | By:                                    
|                             |                                        
|                             |                                        
|                             |                                        



Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf
of the registrant and in the capacities and on the dates indicated.



|Dated:
    September 9, 2020 | By: | /s/
    David Lazar                                
|---------------------------- | --- | ---------------------------------------------------
|                             |     | David
    Lazar                                    
|                             |     | President,
    Chief Executive Officer and Director
|                             |     |                                                    
|Dated:
    September 9, 2020 | By: | /s/
    David Lazar                                
|                             |     | David
    Lazar                                    
|                             |     | Treasurer,
    Chief Financial Officer and Director





18