**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**WASHINGTON,
      DC 20549**





**FORM
      10 - Q**





**Quarterly
      report under Section 13 or 15(d) of the Securities Exchange Act of
      1934**





**For
      the quarterly period ended September 30, 2008**





**Commission
      File Number 000-52706**





**KARAT
      PLATINUM INC.**


**(Formerly
      Sentra Consulting Corp.)**


(Exact
      Name of Registrant as Specified in Its Charter)





**Nevada**
            **20-5297544**(State
                or Other Jurisdiction of
            (IRS
                EmployerIncorporation
                or Organization)
            Identification
                No.)





**15
                Hoover Street****Inwood,
                NY**
            **11096**(Address
                of Principal Executive Offices)
            (Zip
                Code)





**(516)
      592-5600**


(Registrant’s
      Telephone Number, Including Area Code)





Not
      Applicable


(Former
      Name, Former Address and Former


Fiscal
      Year if Changed Since Last Report)





Indicate
      by check whether the Registrant (1) has filed all reports required to be filed
      by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the past
      12 months (or for such shorter period that the registrant was required to file
      such reports), and (2) has been subject to such filing requirements for the
      past
      90 days.





Yes x  No
o





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





Large
                Accelerated Filer o
            Accelerated
                Filer oNon-Accelerated
                Filer o
            Smaller
                Reporting Company x


(Do
      not
      check if a smaller reporting company)





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).


Yes o  No
x





The
      number of common equity shares outstanding as of November 13, 2008 was
      33,125,000 shares of Common Stock, $.001 par value.





**INDEX**











**PART
                I. FINANCIAL INFORMATION**
            **Page******
            ****Item
                1.
            Financial
                StatementsCondensed
                Consolidated Balance Sheets -September
                30, 2008 (Unaudited) and March 31, 2008
            3Condensed
                Consolidated Statements of Operations -Three
                and Six Months ended September 30, 2008 and 2007
                (Unaudited)
            4Condensed
                Consolidated Statement of Stockholders’ Deficiency -Six
                Months ended September 30, 2008 (Unaudited)
            5********
            Condensed
                Consolidated Statements of Cash Flows -Six
                Months ended September 30, 2008 and 2007 (Unaudited)
            6-7********
            Notes
                to Condensed Consolidated Financial Statements
            8-15Item
                2.
            Management's
                Discussion and Analysis of Financial Condition and Results
                of
            ********
            Operations
            16-24Item
                3.
            Quantitative
                and Qualitative Disclosure About Market Risk
            24Item
                4.
            Controls
                and Procedures
            24********
            ******PART
                II. OTHER INFORMATION**Item
                1
            Legal
                Proceedings
            25Item
                1A
            Risk
                Factors
            25Item
                2
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            25Item
                3
            Defaults
                Upon Senior Securities
            25Item
                4
            Submission
                of Matters to a Vote of Security Holders
            25Item
                5
            Other
                Matters
            25Item
                6.
            Exhibits
            25SIGNATURES
            26




-
          2 -




**KARAT
      PLATINUM INC. (Formerly Sentra Consulting Corp.) AND
      SUBSIDIARIES**


**CONDENSED
      CONSOLIDATED BALANCE SHEETS**




**September
                30, 2008**
            
            **March
                31, 2008**(Unaudited)
            
            (Note
                1)**ASSETS**Current
                assets:Cash
            
            $
            1,152
            
            $
            236,872Accounts
                receivable, net of allowance for sales returns and doubtful accounts
                of $0
                and $15,622
            
            
            338,551
            
            
            56,806Inventories
            
            
            2,205,227
            
            
            2,368,478Prepaid
                expenses and other current assets
            
            
            196,898
            
            
            75,002Total
                current assets
            
            
            2,741,828
            
            
            2,737,158Property
                and equipment, net of accumulated depreciation of$29,427
                and $21,071
            
            
            74,557
            
            
            79,100Patents
            
            
            369,641
            
            
            284,949TOTAL
                ASSETS
            
            $
            3,186,026
            
            $
            3,101,207**LIABILITIES
                AND STOCKHOLDERS’****DEFICIENCY**Current
                liabilities:Accounts
                payable and accrued liabilities
            
            $
            1,274,667
            
            $
            573,513Advances
                due to related parties
            
            
            309,500
            
            
            -Short-term
                notes payable
            
            
            3,470,184
            
            
            2,244,917Due
                to prior affiliates
            
            
            367,995
            
            
            367,995Current
                portion of long-term debt
            
            
            3,966,491
            
            
            2,187,088Total
                current liabilities
            
            
            9,388,837
            
            
            5,373,513Long-term
                debt, net of current portion
            
            
            -
            
            
            1,804,403Total
                liabilities
            
            
            9,388,837
            
            
            7,177,916Commitments
                and contingenciesStockholders’
                deficiency:Preferred
                Stock, $.001 par value; 9,995,500 shares authorized,none
                issued and outstanding
            
            
            -
            
            
            -Series
                A Convertible Preferred Stock, $.001 par value; 3,000shares
                authorized, 1,547 shares issued and outstanding; aggregate liquidation
                preference $1,547,000
            
            
            6
            
            
            6Series
                B Convertible Preferred Stock, $.001 par value; 1,500shares
                authorized, none issued and outstanding
            
            
            -
            
            
            -Common
                stock, par value $.001; 100,000,000 shares authorized;33,125,000
                issued and outstanding at September 30, 2008 and March 31,
                2007
            
            
            33,125
            
            
            33,125Paid-in
                capital
            
            
            3,585,547
            
            
            3,585,547Accumulated
                deficit
            
            
            (9,821,489
            )
            
            (7,695,387
            )Total
                stockholders’ deficiency
            
            
            (6,202,811
            )
            
            (4,076,709
            )TOTAL
                LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
            
            $
            3,186,026
            
            $
            3,101,207





See
      accompanying notes to condensed consolidated financial statements.




-
          3 -




**KARAT
                PLATINUM INC. (Formerly Sentra Consulting Corp.) AND
                SUBSIDIARIES****CONDENSED
                CONSOLIDATED STATEMENTS OF OPERATIONS****(UNAUDITED)**




**Three
                Months Ended**
            
            **Six
                Months Ended****September
                30,**
            
            **September
                30,****2008**
            
            **2007**
            
            **2008**
            
            **2007**Net
                revenue
            
            $
            488,316
            
            $
            111,549
            
            $
            745,529
            
            $
            115,855Cost
                of goods sold
            
            
            481,284
            
            
            188,113
            
            
            781,516
            
            
            269,310Gross
                profit (loss)
            
            
            7,032
            
            
            (76,564
            )
            
            (35,987
            )
            
            (153,455
            )Selling,
                general and administrative expenses
            
            
            490,224
            
            
            678,334
            
            
            1,249,663
            
            
            1,209,237Loss
                from continuing operations before other income and interest expense
            
            
            (483,192
            )
            
            (754,898
            )
            
            (1,285,650
            )
            
            (1,362,692
            )Other
                income
            
            
            26,697
            
            
            -
            
            
            229,104
            
            
            -Interest
                expense
            
            
            528,323
            
            
            101,424
            
            
            1,069,556
            
            
            350,154Loss
                from continuing operations
            
            
            (984,818
            )
            
            (856,322
            )
            
            (2,126,102
            )
            
            (1,712,846
            )Loss
                from operations of 15 Hoover Street, deconsolidated on December 21,
                2007
            
            
            -
            
            
            (36,481
            )
            
            -
            
            
            (112,480
            )Net
                loss
            
            
            ($984,818
            )
            
            ($892,803
            )
            
            ($2,126,102
            )
            
            ($1,825,326
            )Basic
                and diluted net loss per common share:From
                continuing operations
            
            
            ($.03
            )
            
            ($.03
            )
            
            ($.06
            )
            
            ($.06
            )From
                discontinued operations
            
            
            (
                .00
            )
            
            (
                .00
            )
            
            (
                .00
            )
            
            (
                .00
            )Net
                loss
            
            
            ($.03
            )
            
            ($.03
            )
            
            ($.06
            )
            
            ($.06
            )Weighted
                average number of common shares outstanding: basic and
                diluted
            
            
            33,125,000
            
            
            30,000,000
            
            
            33,125,000
            
            
            30,000,000





See
      accompanying notes to condensed consolidated financial statements.


-
          4 -





**KARAT
                PLATINUM INC. (Formerly Sentra Consulting Corp.) AND
                SUBSIDIARIES****CONDENSED
                CONSOLIDATED STATEMENT OF STOCKHOLDERS’
                DEFICIENCY****SIX
                MONTHS ENDED SEPTEMBER 30, 2008****(UNAUDITED)**








Series
                A
              PreferredStock
            
            CommonStock
            
            Paid-In
            
            AccumulatedShares
            
            Amount
            
            Shares
            
            Amount
            
            Capital
            
            Deficit
            
            TotalBalance,
                March 31, 2008
            
            
            1,547
            
            $
            6
            
            
            33,125,000
            
            $
            33,125
            
            $
            3,585,547
            
            
            ($7,695,387
            )
            
            ($4,076,709
            )Net
                loss
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (2,126,102
            )
            
            (2,126,102
            )Balance,
                September 30, 2008
            
            
            1,547
            
            $
            6
            
            
            33,125,000
            
            $
            33,125
            
            $
            3,585,547
            
            
            ($9,821,489
            )
            
            ($6,202,811
            )





See
      accompanying notes to condensed consolidated financial statements.






-
          5 -





**KARAT
      PLATINUM INC. (Formerly Sentra Consulting Corp.) AND SUBSIDIARIES**


**CONDENSED
      CONSOLIDATED STATEMENTS OF CASH FLOWS**


**(UNAUDITED)**





**Six
                Months Ended**
              **September
                30,****2008**
            
            **2007**OPERATING
                ACTIVITIES:Net
                loss
            
            $
            (2,126,102
            )
            $
            (1,825,326
            )Adjustments
                to reconcile net loss to net cash used inoperating
                activities:Depreciation
            
            
            8,356
            
            
            63,340Warrants
                issued at fair value
            
            
            -
            
            
            187,680Accretion
                of interest expense due to beneficial conversion feature
            
            
            725,267
            
            
            -Inventory
                reserve
            
            
            -
            
            
            6,349Interest
                converted to long-term debt
            
            
            -
            
            
            60,000Changes
                in operating assets and liabilities, net of effects of deconsolidating
                15
                Hoover Street LLC on December 21, 2007:Accounts
                receivable
            
            
            (281,745
            )
            
            143,081Inventories
            
            
            163,251
            
            
            (718,173
            )Prepaid
                expenses and other current assets
            
            
            (121,896
            )
            
            17,247Advances
                due to related parties
            
            
            309,500
            
            
            -Accounts
                payable and accrued liabilities
            
            
            701,154
            
            
            (26,193
            )Net
                cash used in operating activities
            
            
            (622,215
            )
            
            (2,091,995
            )INVESTING
                ACTIVITIES:Patents
            
            
            (84,692
            )
            
            (26,372
            )Capital
                expenditures
            
            
            (3,813
            )
            
            (2,717
            )Net
                change in cash of 15 Hoover Street LLC, deconsolidated on December
                21,
                2007
            
            
            -
            
            
            (48,576
            )Net
                cash used in investing activities
            
            
            (88,505
            )
            
            (77,665
            )FINANCING
                ACTIVITIES:Payments
                on long-term debt
            
            
            (25,000
            )
            
            (93,268
            )Payments
                on loan from shareholder
            
            
            -
            
            
            (12,351
            )Borrowings
                under short-term notes payable
            
            
            500,000
            
            
            1,960,000Net
                cash provided by financing activities
            
            
            475,000
            
            
            1,854,381Net
                decrease in cash
            
            
            (235,720
            )
            
            (315,279
            )Cash,
                beginning of period
            
            
            236,872
            
            
            318,468Cash,
                end of period
            
            $
            1,152
            
            $
            3,189





-
          6 -


**KARAT
      PLATINUM INC. (Formerly Sentra Consulting Corp.) AND
      SUBSIDIARIES**


**CONDENSED
      CONSOLIDATED STATEMENTS OF CASH FLOWS**


**(CONTINUED)**


**(UNAUDITED)**








**Six
                Months Ended**
              **September
                30,****2008**
            
            **2007**SUPPLEMENTAL
                DISCLOSURES OF CASH FLOW INFORMATION:Cash
                paid during the period for:Interest
            
            $
            35,614
            
            $
            53,474SUPPLEMENTAL
                SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:Conversion
                of balance due to affiliate to long-term note payablewith
                third party
            
            $
            -
            
            $
            1,663,450





See
      accompanying notes to condensed consolidated financial statements.









-
          7 -


**KARAT
      PLATINUM INC. (Formerly Sentra Consulting Corp.) AND
      SUBSIDIARIES**


**NOTES
      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**


(UNAUDITED)





**NOTE
      1 - DESCRIPTION OF BUSINESS:**




Description
      of Business:


On
      December 21, 2007, Sentra Consulting Corp. (“Sentra”) entered into an Exchange
      Agreement (the “Exchange Agreement”) with Karat Platinum LLC, a New York limited
      liability company (“Karat Platinum”), and the members of Karat Platinum (the
“Karat Members”). On April 17, 2008, Sentra changed its name to Karat Platinum
      Inc. (the “ Company”).





Pursuant
      to the terms of the Exchange Agreement, Sentra acquired 100% of the membership
      interests of Karat Platinum by purchasing from the Karat Members all of their
      respective membership interests in Karat Platinum. In consideration, therefore,
      Sentra issued to the Karat Members an aggregate of 30,000,000 shares of Sentra's
      common stock, representing 90.43% of the issued and outstanding stock of Sentra.
      As a result of the transactions contemplated by the Exchange Agreement
      (hereinafter referred to as the “Exchange”), Karat Platinum became a
      wholly-owned subsidiary of the Company. Prior to the Exchange, Sentra was a
      “shell company” (as such term is defined in Rule 12b-2 under the Securities
      Exchange of 1934, as amended (the “Exchange Act”)).





Each
      of
      the Karat Members who exchanged their membership interests for Sentra common
      stock entered into a Lock-Up Agreement with the Company whereby each member
      agreed that until December 21, 2009 he or she will not sell any of the shares
      of
      common stock of Sentra. Although the Lock-Up Agreement provides for customary
      exceptions for transfers to family members and gifts, each transferee must
      agree
      to be bound by the transfer restrictions of the Lock-Up Agreement. In addition,
      the provisions of the agreement could be waived upon the approval of 80% of
      the
      Board of Directors of the Company.





The
      Exchange was accounted for as a reverse-merger, equivalent to a
      recapitalization, through the issuance of stock by Sentra for the net monetary
      assets and recapitalization of Karat Platinum for financial reporting purposes.
      Consequently, the assets and liabilities and the operations reflected in the
      historical financial statements prior to the Exchange are those of Karat
      Platinum and are recorded at the historical cost basis of Karat Platinum, and
      the condensed consolidated financial statements after completion of the Exchange
      will include the assets and liabilities of the Company and Karat Platinum and
      historical operations of Karat Platinum and operations of the Company from
      the
      closing date of the Exchange.  Stockholders’ deficiency has been
      retroactively restated to reflect the exchange of shares for members’
interest.





Karat
      Platinum manufactures and sells platinum alloy (“585 Platinum”) and jewelry
      under the brand names KARAT PLATINUMTM, 14 KARAT PLATINUM ® and 14 Kt.Pt.®.
      Management believes that they sell Karat Platinum's products at prices which
      are
      significantly lower than existing market prices for similar types of platinum
      jewelry, thus making platinum jewelry more affordable to consumers worldwide.
      The alloy is comprised of 58.5% platinum and 41.5% copper and
      cobalt.





Karat
      Platinum is the exclusive worldwide distributor of the newly engineered 585
      Platinum. The alloy was developed
      by Allgemeine Gold - und Silberscheideanstalt AG (“Agosi”), who granted Karat
      Platinum an exclusive worldwide license to the alloy through January 13,
      2009.




-
          8 -




15
      Hoover
      Street LLC ("Hoover") which, prior to the Exchange, was under common ownership
      with Karat Platinum, owns and operates a 25,000 square foot building located
      at
      15 Hoover Street, Inwood, New York. Hoover leases 12,000 square feet to Karat
      Platinum and was a variable interest entity ("VIE") through December 21, 2007.
      In accordance with Financial Accounting Standards Board Interpretation 46(R),
      “Consolidation of Variable Interest Entities,” Hoover no longer meets the
      criteria of a VIE and, therefore, has been deconsolidated effective December
      21,
      2007. The operations of Hoover have been reflected as loss from operations
      deconsolidated on December 21, 2007 on the condensed consolidated statements
      of
      operations. In addition, the assets and liabilities of Hoover have been
      deconsolidated as of December 21, 2007.





Principles
      of consolidation:


The
      condensed consolidated financial statements include the financial statements
      of
      Karat Platinum and Hoover for the three and six month periods ended September
      30, 2007 and the Company and its subsidiary Karat Platinum, LLC for the three
      and six months period ended September 30, 2008. All material intercompany
      accounts and transactions have been eliminated in the accompanying condensed
      consolidated financial statements.




General:


The
      accompanying unaudited interim condensed consolidated financial statements
      were
      prepared in accordance with accounting principles generally accepted in the
      United States of America and the interim financial statement rules and
      regulations of the Securities and Exchange Commission ("SEC"). In the opinion
      of
      management, these statements include all adjustments (consisting only of normal
      recurring adjustments) necessary for a fair presentation of the condensed
      consolidated financial statements. The interim operating results are not
      necessarily indicative of the results for a full year or any interim period.





Certain
      information and footnote disclosures normally included in financial statements
      prepared in accordance with accounting principles generally accepted in the
      United States of America have been condensed or omitted pursuant to such rules
      and regulations relating to interim financial statements. These condensed
      consolidated financial statements should be read in conjunction with the
      Company’s consolidated financial statements for the year ended March 31, 2008
      filed on Form 10-K. The March 31, 2008 consolidated balance sheet of the Company
      has been derived from the audited consolidated financial statements included
      on
      Form 10-K filed on June 30, 2008.





Basis
      of presentation:


As
      reflected in the accompanying condensed consolidated financial statements,
      the
      Company has an accumulated deficit of $9,821,489 and a working capital
      deficiency of $6,647,009 and cash used in operations of $622,215 for the six
      months ended September 30, 2008. These matters raise substantial doubt about
      the
      Company’s ability to continue as a going concern for a reasonable period of
      time. In
      addition, the Company might be required to sell certain of its assets. These
      actions, while necessary for the continuance of operations during a time of
      cash
      constraints and a shortage of working capital, could adversely affect the
      Company’s business.





New
      financing will be required to fund working capital and operations should the
      Company be unable to generate positive cash flow from operations in the near
      future. The Company is exploring the possible sale of equity securities and/or
      debt financing, and believes that additional financing will be available under
      terms and conditions that are acceptable to the Company. However, there can
      be
      no assurance that additional financing will be available. In the event financing
      is not available in the time frame required, the Company will be forced to
      reduce its rate of growth, if any, reduce operating expenses and curtail sales
      and marketing activities.





-
          9 -


In
      view
      of the matters described in the preceding paragraph, recoverability of a major
      portion of the recorded asset amounts shown in the accompanying condensed
      consolidated balance sheet is dependent upon continued operations of the
      Company, which, in turn, is dependent upon the Company’s ability to continue to
      raise capital and generate positive cash flows from operations. The condensed
      consolidated financial statements do not include any adjustments relating to
      the
      recoverability and classification of recorded asset amounts or amounts and
      classifications of liabilities that might be necessary should the Company be
      unable to continue its existence. There is no assurance that the Company will
      operate at a profit in the future.





**NOTE
      2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:**




Revenue
      Recognition:


Sales
      are
      recorded when the earnings process is complete, which occurs when products
      are
      shipped in accordance with the terms of agreements, title and risk transfer
      to
      customers, collection is probable and pricing is fixed or determinable. Revenue
      is not recognized unless collectibility is reasonably assured.





Inventories:


Inventories
      are valued at the lower of cost (determined by the first-in, first-out method
      or
      "FIFO") or market. Inventory costs include materials, labor, inbound freight
      and
      receiving costs. Inventories are comprised of raw materials of $569,989 and
      finished goods of $1,635,238 at September 30, 2008 and raw materials of $784,771
      and finished goods of $1,583,707 at March 31, 2008.




Patents:


Patents
      still pending are not amortized until effective. Patents once approved will
      be
      amortized on a straight-line basis over management's estimate of their economic
      useful life which has not, as of yet, been determined.





Property
      and Equipment:


Property
      and equipment is carried at cost and depreciated on the straight-line method
      over the estimated useful lives of the related property and equipment.
      Expenditures for maintenance and repairs of property and equipment are expensed
      as incurred. Major improvements are capitalized and amortized over the remaining
      useful life of the related asset.





Use
      of
      Estimates:


The
      preparation of the financial statements in conformity with accounting principles
      generally accepted in the United States of America requires management to make
      estimates and assumptions that affect the reported amounts of assets and
      liabilities as of the date of the financial statements and the reported amounts
      of revenue and expenses during the reporting period. Generally, matters subject
      to estimation and judgment include amounts related to accounts receivable
      realization, inventory obsolescence, asset impairments, useful lives of
      intangible and fixed assets. Actual results may differ from estimates
      provided.





Income
      Taxes:


Income
      taxes are accounted for under the asset and liability method in accordance
      with
      Statement of Financial Accounting Standard ("SFAS") No. 109, “Accounting
      for Income Taxes” (“SFAS 109”). 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 and operating loss and tax credit carry-forwards.
      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. 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. A valuation allowance is established
      to
      reduce deferred tax assets to the amounts more likely than not to be realized.




Customer/Supplier
        Arrangement:
 The
        Company has an arrangement with a customer/supplier, whereby we sell our
        platinum alloy for their own use, as well as to produce product for us. Since
        we
        sell alloy to this customer and purchase product from them, we typically
        have an
        accounts receivable due from them and an accounts payable due to them. From
        time
        to time, these amounts are offset, and the difference is either paid by them
        or
        paid to them.





-
          10 -


Fair
      Value of Financial Instruments:


Management
      believes that the fair value of financial instruments, consisting of cash,
      accounts receivable, accounts and notes payable, short-term borrowings and
      certain other liabilities, approximates carrying value due to their relatively
      short maturities. The fair value of inventories is approximately $1,699,868
      and
      $3,622,000 as of September 30, 2008 and March 31, 2008, respectively, based
      on
      quoted market prices for platinum. The fair value of long-term debt approximates
      the carrying value since the stated rate of interest approximates a market
      rate
      of interest.





Concentrations
      of Credit Risk:


Financial
      instruments that potentially subject the Company to concentrations of credit
      risk consist principally of cash and accounts receivable. The Company maintains
      its cash in bank deposits, the balances of which, at times, may exceed Federally
      insured limits. Exposure to credit risk is reduced by placing such deposits
      in
      high credit quality financial institutions. At September
      30, 2008, the Company did not have cash balances in excess of Federally insured
      limits.





The
      Company sells its products to customers on an open credit basis. The Company’s
      trade accounts receivable are due from such customers and are generally
      uncollateralized. The Company closely monitors the extension of credit to its
      customers while maintaining allowances for potential credit losses, if required.
      On a periodic basis the Company evaluates its accounts receivable and
      establishes an allowance for doubtful accounts, if required, based on a history
      of write-offs, collections and current credit conditions.





Long-Lived
      Assets:


The
      Company reviews long-lived assets and patents for impairment whenever events
      or
      changes in circumstances indicate the carrying amount of an asset may not be
      recoverable. Recoverability of assets to be held and used is measured by a
      comparison of the carrying amount of an asset to future undiscounted net cash
      flows expected to be generated by the asset. If such assets are considered
      to be
      impaired, the impairment to be recognized is measured by the amount by which
      the
      carrying amount of asset exceeds the fair value of the asset.





Accounting
      for Derivative Instruments:


The
      Company accounts for derivative instruments in accordance with SFAS
      No. 133, “Accounting for Derivative Instruments and Hedging Activities,” as
      amended ("SFAS 133"), which establishes accounting and reporting standards
      for
      derivative instruments and hedging activities, including certain derivative
      instruments imbedded in other financial instruments or contracts. The Company
      also considers the Emerging Issues Task Force (“EITF”) 00-19, “Accounting for
      Derivative Financial Instruments Indexed to and Potentially Settled in, a
      Company’s Own Stock” (“EITF 00-19”), which provides criteria for determining
      whether freestanding contracts that are settled in a company’s own stock,
      including common stock warrants, should be designated as either an equity
      instrument, an asset or as a liability under SFAS 133. The Company
      evaluates the conversion feature embedded in its Convertible Preferred Stock,
      Series A and B (see Note 4) and convertible notes payable at each reporting
      period based on the criteria of SFAS 133 and EITF 00-19 to determine whether
      the
      conversion feature would be required to be bifurcated from the Preferred Stock
      or convertible notes and accounted for separately as derivative
      liabilities.  Based on management’s evaluation, the embedded conversion
      feature did not require bifurcation and derivative accounting as of September
      30, 2008.




Fair
      Value Measurements:


In
      September 2006, the Financial Accounting Standards Board (“FASB”) issued SFAS
      No. 157, “Fair Value Measurements” (“SFAS 157”) which establishes a single
      authoritative definition of fair value, sets out a framework for measuring
      fair
      value, and requires additional disclosures about fair-value measurements. SFAS
      157 defines fair value as “the price that would be received to sell an asset or
      paid to transfer a liability in an orderly transaction between market
      participants at the measurement date”. For the Company, SFAS 157 is effective
      for the fiscal year beginning April 1, 2008. Management has determined
      there is no impact from adopting SFAS 157 on the Company’s
      condensed consolidated financial statements.





-
          11 -


On
      February 15, 2007, the FASB issued SFAS No. 159, “The Fair Value
      Option for Financial Assets and Financial Liabilities - Including an Amendment
      of FASB Statement No. 115” (“SFAS 159”) which permits an entity to measure
      financial instruments and certain other items at estimated fair value. Most
      of
      the provisions of SFAS 159 are elective; however, the amendment to FASB
      No. 115, “Accounting for Certain Investments in Debt and Equity
      Securities,” applies to all entities that own trading and available-for-sale
      securities. The fair value option created by SFAS 159 permits an entity to
      measure eligible items at fair value as of specified election dates. The fair
      value option (a) may generally be applied instrument by instrument,
      (b) is irrevocable unless a new election date occurs, and (c) must be
      applied to the entire instrument and not to only a portion of the instrument.
      SFAS 159 is effective as of the beginning of the first fiscal year that begins
      after November 15, 2007. Management has determined that there is no impact
      from adopting SFAS 159 on the Company’s condensed consolidated financial
      statements.





Recent
      Accounting Pronouncements:


In
      December 2007, the FASB issued SFAS No. 141 (revised 2007), "Business
      Combinations" (“SFAS 141”). SFAS 141 requires an acquirer to measure the
      identifiable assets acquired, the liabilities assumed and any non-controlling
      interest in the acquiree at their fair values on the acquisition date, with
      goodwill being the excess value over the net identifiable assets acquired.
      SFAS
      141 also requires the fair value measurement of certain other assets and
      liabilities related to the acquisition such as contingencies. SFAS 141 applies
      prospectively to business combinations and is effective for fiscal years
      beginning on or after December 15, 2008. The Company is currently evaluating
      the
      impact that SFAS 141 will have on the accounting for future acquisitions and
      its
      condensed consolidated financial statements.





In
      December 2007, the FASB issued SFAS No. 160, "Non-controlling Interests in
      Consolidated Financial Statements" (“SFAS 160”). SFAS 160 requires that a
      non-controlling interest in a subsidiary be reported as equity in the
      consolidated financial statements. Consolidated net income should include the
      net income for both the parent and the non-controlling interest with disclosure
      of both amounts on the consolidated statement of income. The presentation
      provisions of SFAS 160 are to be applied retrospectively, and SFAS 160 is
      effective for fiscal years beginning on or after December 15, 2008. The Company
      is currently evaluating the impact that SFAS 160 will have on its condensed
      consolidated financial statements.





Loss
      Per Share:


Basic
      loss per share is computed by dividing loss available to common stockholders
      by
      the weighted average common shares outstanding for the period. Diluted earnings
      per share reflects the potential dilution that could occur if securities or
      other contracts to issue common stock were exercised or converted into common
      stock or resulted in the issuance of common stock that then shared in the
      earnings of the entity. Since the effect of outstanding warrants and conversion
      of Preferred Stock are anti-dilutive due to the losses incurred by the Company,
      they have been excluded from the Company’s computation of net loss per share for
      periods presented. The total number of potentially dilutive securities excluded
      from the calculation of diluted loss per share for the three and six months
      ended September 30, 2008 was 13,084,000 which were comprised of 6,188,000 from
      conversion of the Series A Convertible Preferred Stock; 6,000,000 from Series
      B
      Convertible Preferred Stock underlying the convertible note payable and 896,000
      warrants to purchase one share of the Company’s common stock. The total number
      of potentially dilutive securities excluded from the calculation of diluted
      loss
      per share for the three and six months ended September 30, 2007 was 800,000
      related to the warrants to purchase one share of the Company’s common
      stock.





**NOTE
      3 - SHORT-TERM NOTES PAYABLE:**





As
      of
      September 30, 2008, four secured promissory note-holders held an aggregate
      of
      $1,600,000 outstanding principal amounts due to them from the Company. The
      principal amounts of each of these notes were
      originally due and payable on dates between July 30, 2008 and September 3,
      2008.
      Interest was prepaid for the first four months at the time of entering into
      each
      note, with the remaining interest due on the fourth month anniversary of each
      note at 12% per annum. Each of these notes are secured by all inventories of
      the
      Company. The Company paid to each note-holder an origination fee of 1.5% of
      the
      note held by the holder thereof. During the period ending September 30, 2008,
      the Company amended each of the notes to extend the due dates of all the notes
      to November 30, 2008. Interest on each of the notes for the extension period
      will be paid at maturity. In addition, one of the notes in the principal amount
      of $100,000 became unsecured in this amendment.





-
          12 -


On
      September 16, 2008, the Company issued a secured promissory note to a company
      who is affiliated with our Chairman of the Board and another Board member in
      the
      amount of $500,000.This note matures on March 16, 2009 and interest accrues
      at
      12% per annum and is payable at maturity. This note along with the above
      mentioned notes, is secured by all inventories of the Company.





As
      of
      September 30, 2008, and continuing through this filing, the Company was in
      default of the minimum inventory coverage requirement contained in the security
      agreement related to the above secured notes. On November 13, 2008, the Company
      received waivers from the note-holders whereby, the note-holders waived the
      default for the period September 30, 2008 through November 30, 2008. On November
      3, 2008, the Company repaid one of these notes in the amount of
      $100,000.





On
      October 8, 2007, the Company issued a promissory note to its former Treasurer,
      Secretary and a current director, in consideration for loans made and to be
      made
      to the Company of up to an aggregate of $1,500,000. The outstanding principal
      and accrued interest at 12% per annum, are due and payable on November 1, 2008.
      Pursuant to the promissory note, at any time, such note-holder has the right
      to
      convert all or any portion of the outstanding principal amount and accrued
      interest thereon into shares of the Company’s Series B Convertible Preferred
      Stock. Subsequent to September 30, 2008, the Company extended the due date
      of
      this note to April 30, 2009.





This
      convertible note is deemed to be Convertible Securities with Beneficial
      Conversion Features, and has been recorded in accordance with EITF Issue No.
      98-5 (“EITF 98-5”), “ Accounting for Convertible Securities with Beneficial
      Conversion Features or Contingently Adjustable Conversion Ratios” and EITF No.
      00-27 (“EITF 00-27”), “Application of Issue No. 98-5 to Certain Convertible
      Instruments” (“EITF 98-5”). As of September 30, 2008, the carrying amount of
      this convertible note is $1,370,184, which is net of a discount in the amount
      of
      $129,816, representing the un-accreted amount of the intrinsic value, as defined
      in EITF 98-5. This discount will be accreted through interest expense to the
      maturity date, November 1, 2008, utilizing the effective yield method. In the
      three and six months ended September 30, 2008, $357,222 and $725,267of interest
      was accreted through interest expense. At the time of the merger, the carrying
      amount of the convertible note was $194,024, which reflects the total borrowings
      on the convertible note as of December 21, 2007 of $1,030,000, net of a discount
      of $835,976 representing the un-accreted discount as of that date.




**NOTE
      4-** **CAPITALIZATION:**





Common
      Stock:


We
      are
      authorized to issue 100,000,000 shares of common stock, par value $0.001, of
      which 33,125,000 shares are issued and outstanding as of September 30, 2008.
      Each holder of shares of our common stock is entitled to one vote for each
      share
      held of record on all matters submitted to the vote of stockholders, including
      the election of directors.





Preferred
      Stock:


We
      are
      authorized to issue 10,000,000 shares of preferred stock, par value $0.001.
      On
      August 20, 2007, the Company’s Board of Directors designated 3,000 shares of
      preferred stock as Series A Convertible Preferred Stock (the “Series A
      Preferred”) of which 1,547 shares are issued and outstanding as of September 30,
      2008. Each share of Series A Preferred shall, at the option of the holder
      thereof, at any time, be convertible into shares of fully paid and
      non-assessable shares of common stock of the Company. Each share of Series
      A
      Preferred is convertible into the amount of shares of common stock as is
      calculated by dividing the original issue price of the Series A Preferred
      (currently $1,000) by the lower of (i) $0.25 per share, as adjusted, and (ii)
      the daily volume weighted average market price of the common stock for the
      30
      trading days prior; provided, however, that this number shall not be less than
      $0.20 per share. The holders of the Series A Preferred shall be entitled to
      receive dividends, on an as-converted basis when, as, and if paid on the common
      stock. Each holder of Series A Preferred shall have a right to purchase their
      respective pro rata portion of all, or any part, of common stock and securities
      convertible into common stock, subject to certain exceptions, that the Company
      may propose to issue. Each holder of Series A Preferred shall be entitled to
      the
      number of votes equal to the number of shares of common stock into which such
      shares of Series A Preferred could be converted and shall have voting rights
      and
      powers equal to the voting rights and powers of the common stock. The holders
      of
      Series A Preferred vote together with the holders of the common stock as a
      single class.   At any time following the two-year anniversary of the issue
      date of the Series A Preferred, the Company has the right to (i) redeem all
      of
      the issued and outstanding Series A Preferred at a redemption price equal to
      the
      original issue price or (ii) convert all the issued and outstanding shares
      of
      Series A Preferred to common stock at the then applicable conversion rate.





-
          13 -


In
      January 2008, the Company sold 497 shares of Series A Preferred to seven
      individuals for $497,000. Each of the individuals entered into a Subscription
      Agreement reflecting the terms of the Series A Preferred, as defined above.
      The
      Series A Preferred issued in these transactions are deemed to be convertible
      securities with beneficial conversion features, and have been recorded in
      accordance with EITF 98-5 and EITF 00-27. These issues have reset provisions
      based on the trading price of the Company’s stock, any reset will be recorded at
      the time of reset.





On
      October 29, 2007, the Company filed a Certificate of Designation with the State
      of Nevada designating 1,500 shares of preferred stock as Series B Convertible
      Preferred Stock (the “Series B Preferred”). Each share of Series B Preferred is
      convertible into the amount of shares of common stock determined by dividing
      the
      original issue price of the Series B Preferred (currently $1,000) by $0.25
      per
      share, as adjusted; however, this number shall not be less than $0.20 per share.
      The Certificate of Designation provides for full ratchet anti-dilution
      provisions with respect to certain securities issuances. The holders of the
      Series B Preferred vote with the holders of the common stock on an as converted
      basis and are entitled to dividends, on an as-converted basis when, as and
      if
      paid on the common stock, but not before the declaration and payment of any
      dividends payable to the holders of the Company’s outstanding Series A
      Preferred. In the event of any liquidation, dissolution or winding up of the
      Company, either voluntarily or involuntarily, the holders of Series B Preferred
      shall have preference to any distribution of the assets of the Company to the
      holders of common stock of the Company, after the holders of the Series A
      Preferred. At any time after the two-year anniversary from the date of purchase,
      the Company has the right to redeem all of the issued and outstanding shares
      of
      Series B Preferred at a redemption price equal to the original issue price
      of
      said shares or convert all the issued and outstanding shares of Series B
      Preferred into the Company’s common stock at the then applicable conversion
      rate.





On
      November 13, 2008, the Company filed a Certificate of Designation with the
      State
      of Nevada designating 5,000 shares of preferred stock as Series C Convertible
      Preferred Stock (the “Series C Preferred”). Each share of Series C Preferred is
      convertible into the amount of shares of common stock determined by dividing
      the
      original issue price of the Series C Preferred (currently $1,000) by $1.00
      per
      share, as adjusted; however, this number shall not be less than $0.20 per share.
      The Certificate of Designation provides for full ratchet anti-dilution
      provisions with respect to certain securities issuances. The holders of the
      Series C Preferred vote with the holders of the common stock on an as converted
      basis and are entitled to dividends, on an as-converted basis when, as and
      if
      paid on the common stock, but not before the declaration and payment of any
      dividends payable to the holders of the Company’s outstanding Series A Preferred
      and Series B Preferred. In the event of any liquidation, dissolution or winding
      up of the Company, either voluntarily or involuntarily, the holders of Series
      C
      Preferred shall have preference to any distribution of the assets of the Company
      to the holders of common stock of the Company, after the holders of the Series
      A
      Preferred and Series B Preferred. At any time after the three-year anniversary
      from the date of purchase, the Company has the right to redeem all of the issued
      and outstanding shares of Series C Preferred at a redemption price equal to
      the
      original issue price of said shares or convert all the issued and outstanding
      shares of Series C Preferred into the Company’s common stock at the then
      applicable conversion rate.








-
          14 -


Warrants:


As
      of
      September 30, 2008, the Company had an aggregate of 896,000 warrants issued
      and
      outstanding. Of these warrants, 96,000 were granted by Sentra prior to the
      reverse merger. Currently exercisable and terminating three years from the
      date
      of issuance, the holder has the right to purchase one share of common stock
      per
      each warrant at an exercise price of $.50 per warrant share. The number of
      shares issuable upon exercise of each warrant and the exercise price are all
      subject to adjustment. Upon the creation of the Series B Preferred on October
      29, 2007 (discussed above), the exercise price for the 96,000 warrants was
      reduced to $0.25 per share. At the time the exercise price was reduced, Sentra
      revalued these warrants using the Black-Scholes option-pricing model, and
      recorded additional expense.





Pursuant
      to the terms of the Stock Purchase Warrant issued by Karat Platinum to ABN
      AMRO
      Bank N.V. (“ABN Amro”), upon consummation of the Exchange Agreement said warrant
      was amended and restated by a warrant issued by the Company. Such warrant
      provides ABN Amro with the right from June 29, 2010 until June 29, 2017 to
      purchase 800,000 shares of common stock of the Company for $0.01 per share.
      The
      warrant provides for customary anti-dilution provisions as well as piggyback
      registration rights. In addition, under certain circumstances ABN Amro shall
      have the right to tag along and participate in certain sales.




**NOTE
      5-** **SUBSEQUENT EVENTS:**




Subsequent
      to September 30, 2008, the Company extended the maturity date on a note payable
      to a related party that was originally due on or before October 31, 2008 to
      July
      15, 2009. As of September 30, 2008, the unpaid principal and interest balance
      amounted to $2,087,088.





Subsequent
      to September 30, 2008, the Company sold 200 shares of Series C Preferred Stock
      to two individuals for $200,000. Each of the individuals entered into a
      Subscription Agreement reflecting the terms of the Series C Preferred, as
      defined above.





On
      October 29, 2008, the Company issued a secured promissory note to a company
      who
      is affiliated with our Chairman of the Board and another Board member in the
      amount of $300,000.This note matures on March 29, 2009 and interest accrues
      at
      12% per annum and is payable at maturity. This note is secured by all
      inventories of the Company.




-
          15 -




**Item
      2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
      OF
      OPERATIONS**





This
      Quarterly Report on Form 10-Q contains forward-looking information.
      Forward-looking information includes statements relating to future actions,
      acceptance in the marketplace of our products, payment of our outstanding
      obligations, future performance, costs and expenses, interest rates, outcome
      of
      contingencies, financial condition, results of operations, liquidity, business
      strategies, cost savings, objectives of management, and other such matters
      of
      the Company. The Private Securities Litigation Reform Act of 1995 provides
      a
“safe harbor” for forward-looking information to encourage companies to provide
      prospective information about themselves without fear of litigation so long
      as
      that information is identified as forward-looking and is accompanied by
      meaningful cautionary statements identifying important factors that could cause
      actual results to differ materially from those projected in the information.





Forward-looking
      information may be included in this Quarterly Report or may be incorporated
      by
      reference from other documents filed with the Securities and Exchange Commission
      (the “SEC”) by us. You can find many of these statements by looking for words
      including, for example, “believes,” “expects,” “anticipates,” “estimates” or
      similar expressions in this Quarterly Report on Form 10-Q or in documents
      incorporated by reference in this Quarterly Report on Form 10-Q. We undertake
      no
      obligation to publicly update or revise any forward-looking statements, whether
      as a result of new information or future events.





We
      have
      based the forward-looking statements relating to our operations on management's
      current expectations, estimates, and projections about us and the industry
      in
      which we operate. These statements are not guarantees of future performance
      and
      involve risks, uncertainties and assumptions that we cannot predict. In
      particular, we have based many of these forward-looking statements on
      assumptions about future events that may prove to be inaccurate. Accordingly,
      our actual results may differ materially from those contemplated by these
      forward-looking statements. Any differences could result from a variety of
      factors, including, but not limited to general economic and business conditions,
      competition, and other factors.





Overview





On
      December 21, 2007, Sentra Consulting Corp. (“Sentra”) entered into an Exchange
      Agreement (the “Exchange Agreement”) with Karat Platinum LLC, a New York limited
      liability company (“Karat Platinum”), and the members of Karat Platinum (the
“Karat Members”). On April 17, 2008, Sentra changed its name to Karat Platinum,
      Inc. (the “Company”).





Pursuant
      to the terms of the Exchange Agreement, Sentra acquired 100% of the membership
      interests of Karat Platinum by purchasing from the Karat Members all of their
      respective membership interests in Karat Platinum. In consideration, therefore,
      Sentra issued to the Karat Members an aggregate of 30,000,000 shares of Sentra's
      common stock, representing 90.43% of the issued and outstanding stock of Sentra.
      As a result of the transactions contemplated by the Exchange Agreement
      (hereinafter referred to as the “Exchange”), Karat Platinum became a
      wholly-owned subsidiary of the Company. Prior to the Exchange, Sentra was a
      “shell company” (as such term is defined in Rule 12b-2 under the Securities
      Exchange of 1934, as amended (the “Exchange Act”).





Each
      of
      the Karat Members who exchanged their membership interests for Sentra common
      stock entered into a Lock-Up Agreement with the Company whereby each member
      agreed that until December 21, 2009 he or she will not sell any of the shares
      of
      common stock of Sentra. Although the Lock-Up Agreement provides for customary
      exceptions for transfers to family members and gifts, each transferee must
      agree
      to be bound by the transfer restrictions of the Lock-Up Agreement. In addition,
      the provisions of the agreement could be waived upon the approval of 80% of
      the
      Board of Directors of the Company.





The
      Exchange was accounted for as a reverse-merger, equivalent to a
      recapitalization, through the issuance of stock by Sentra for the net monetary
      assets and recapitalization of Karat Platinum for financial reporting purposes.
      Consequently, the assets and liabilities and the operations reflected in the
      historical financial statements prior to the Exchange are those of Karat
      Platinum and are recorded at the historical cost basis of Karat Platinum, and
      the condensed consolidated financial statements after completion of the Exchange
      will include the assets and liabilities of the Company and Karat Platinum and
      historical operations of Karat Platinum and operations of the Company from
      the
      closing date of the Exchange.  Stockholders’ deficit has been retroactively
      restated to reflect the exchange of shares for members’ interest.





-
          16 -


The
      Company manufactures and sells platinum alloy (the “Alloy” or “585 Platinum”)
      and platinum jewelry at a price that it believes is lower than existing market
      prices for currently existing platinum jewelry. The Company has a total of
      17
      full time employees.





*The
      Product*





Traditionally,
      platinum used in the jewelry industry consists of a minimum of 85%-95% platinum
      blended with certain precious metals such as iridium or palladium, known as
      platinum group metals. The Company’s alloy, which is a blend of 58.5% platinum
      with 41.5% cobalt and copper (non-precious metals), is a less expensive
      substitute for the alloys currently used by the jewelry industry.





Karat
      Platinum believes that its 585 Platinum provides three significant benefits:





1.
            It
                is less expensive than traditional platinum alloys because of its
                lower
                platinum content and the significant difference in price between
                copper
                and cobalt and the platinum group metals used in traditional platinum
                alloys, which are all costly precious metals.





2.
            The
                Alloy has a lower density than 85-95% platinum resulting in greater
                expansive properties. It therefore reduces the quantity of raw material
                content needed thus further reducing the cost for platinum content.





3.
            585
                Platinum is more durable and workable than traditional alloys.





*Supply
      of the Product*





On
      January 13, 2004, Karat Platinum entered into a Cooperation and License
      Agreement, as amended on March 30, 2006 and July 2, 2007, with Allgemeine Gold
      -
      und Silberscheideanstalt AG, German corporation (“Agosi”) whereby the Company
      became the exclusive worldwide distributor and patent co-applicant for 585
      Platinum in the jewelry industry. Pursuant to the agreement, Agosi exclusively
      produces and supplies 585 Alloy to us. Under the agreement, the Company is
      subject to minimum purchase requirements of platinum alloy per calendar year.
      If
      the minimum purchase obligations in any year are not met, we must pay liquidated
      damages in the amount of 50% of the applicable purchase price, as of December
      30
      of the corresponding year, of the shortfall. We did not meet our minimum
      purchase requirement for 2007, and on May 16, 2008, we entered into a letter
      agreement with Agosi establishing the final liquidating damage amount for 2007
      in the amount of $31,600. In addition, this letter agreement modified the
      minimum purchase requirement for 2009 to 1,000kg of our platinum alloy. Our
      exclusive license agreement with Agosi will expire on January 13,
      2009.





If
      Agosi
      cannot supply the Alloy in the required quantities, we are free to purchase
      the
      Alloy from another source, until such time as Agosi can resume supplying the
      Alloy. The Company has no contracts or agreements with any other suppliers
      for
      the purchase of platinum or the production of the Alloy.





The
      platinum used by Agosi for the manufacture of Alloy is purchased by us from
      several platinum suppliers. The platinum is purchased at the then prevailing
      market price and shipped by the supplier to Agosi’s facilities for processing
      into 585 Platinum. The Company has no contracts or agreements with any such
      platinum suppliers.





-
          17 -


Following
      Agosi’s conversion of the fine platinum into Alloy, and depending upon our
      needs, Agosi supplies the Alloy in sheet, tube, wire or shot form, which is
      then
      shipped using common secured carriers to manufacturers for production of
      jewelry. Such manufacturers are based in Italy, Israel, Thailand, India, Canada
      and the United States. Any unused or scrap Alloy is returned by the manufacturer
      to Agosi for reprocessing. Payment of invoices to Agosi or the manufacturers
      are
      either cash before delivery or 30 day terms with some vendors. After the
      manufacturer has produced the final jewelry product, it is shipped to us for
      distribution and sale to our customers. Karat Platinum does not have any
      contracts or agreements with such manufacturers.





*Marketing*





As
      noted
      in the Platinum 2008 report issued by Johnson Matthey, purchases of platinum
      by
      the jewelry trade fell in 2007 for the fifth year in a row, though not as
      precipitously as the last four years. Rising and volatile metal prices had
      a
      negative impact on the platinum jewelry market, cutting demand for new metal
      by
      an additional 4% in 2007 after an 18% drop from the previous year, dropping
      levels to 1.61 million ounces, the lowest figure in 14 years. Platinum has
      been
      selling for over $2,000 per ounce for most of the past year as per the London
      Fixed Prices PM closing price for platinum, recently plummeting to as low as
      $750 per ounce before rebounding slightly to its current levels above $800
      per
      ounce. Since the jewelry industry’s demand for platinum is highly price
      sensitive, our sales objectives incorporate the following three factors:





1.
            Recapture
                a percentage of the platinum market demand lost because of the previous
                price increases,





2.
            Capture
                a percentage of the existing platinum market, based on the alloy’s price
                and superior durability and design properties
                and`





3.
            Capture
                a percentage of the existing worldwide gold jewelry market.








We
      believe that platinum is the metal of choice of the jewelry industry because
      it
      is a natural white, rare, durable, hypoallergenic metal that has more prestige
      than gold. The World Gold Council notes a shift in consumer trends from gold
      to
      platinum. The council attributes this to the rise of the white metal phenomenon,
      which was driven by fashion, and the dominance of platinum as the aspiration
      choice (IBIS World Industry Performance Study March 16, 2007).





Our
      business model is focused on selling our bridal and fashion line, as well as
      a
      full line of earrings, bracelets, pendants, rings and chains directly to
      retailers in the United States. We market our products directly to mass and
      mid-market retailers as well as distributors to independent jewelry stores
      and
      small chain stores. We have budgeted funds for marketing efforts and to educate
      consumers about the benefits of Karat Platinum and to build and establish the
      brand, *Karat
      Platinum* TM.
      In
      addition, it is our intention to participate with retailers in marketing, and
      engage in targeted efforts to increase market awareness. In addition, we plan
      to
      expand our presence on the internet.





*Intellectual
      Property*





Patents





Karat
      Platinum and Agosi are parties to a Cooperation and License Agreement dated
      January 13, 2004, and subsequently amended, which extends to January 13, 2009,
      and which relates to the rights of Karat Platinum and Agosi to patent protection
      on the Alloy. Karat Platinum and Agosi have both indicated their intent to
      negotiate another agreement that extends beyond January 13, 2009, and which
      resolves conflicting interpretations of the parties’ rights under the
      Cooperation and License Agreement.





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          18 -


Karat
      Platinum and Agosi are seeking patent protection for an alloy composition of
      platinum combined with cobalt and copper and also seek to protect a method
      of
      preparing the alloys, and jewelry products made with the alloys. Karat Platinum
      and Agosi have filed patent applications on the Alloy. As such, a patent
      application was filed on February 4, 2004 under the Patent Cooperation Treaty
      (“PCT”) and a patent application was filed directly in the United States. Karat
      Platinum is the applicant in the United States and Agosi has retained certain
      rights in the U.S. Under the PCT, patent protection is being sought in Europe,
      Israel, Japan, and the Republic of South Africa, where Agosi is the applicant;
      and in Canada, India, Russia, China, Indonesia, Mexico, and Hong Kong, where
      Karat Platinum is the applicant and Agosi has retained certain rights in these
      applications. On August 12, 2008, the
      Company was issued U.S. patent Number 7,410,546B2 for platinum alloys. The
      patent covers a range of platinum-based alloys for jewelry including the
      Registrant’s jewelry products.





Agosi
      filed two additional PCT patent applications on August 4, 2005, each of which
      is
      directed to different alloy compositions and patent protection is being sought
      in various countries/regions. Rights between Karat Platinum and Agosi have
      not
      been resolved for either of these PCT patent applications.





Trademarks





In
      August
      2004, the Jewelers Vigilance Committee (“JVC”) filed a petition with the
      Trademark Trial and Appeal Board (“TTAB”) to cancel six of Karat Platinum’s
      registered trademarks. Karat Platinum partially opposed the JVC action and
      continues to challenge the cancellation of its U.S. registrations for the 14
      KARAT PLATINUM and 14 KT. PT. marks.





In
      addition, on September 25, 2007, the JVC filed a notice of opposition to Karat
      Platinum’s application to Federally register the KARAT PLATINUM mark. On
      November 6, 2007, Karat Platinum filed an answer to this notice of
      opposition.  The JVC moved to consolidate the opposition to the KARAT
      PLATINUM mark into the pending cancellation proceeding, and the TTAB granted
      that motion on November 28, 2007.  The discovery period for this
      consolidated proceeding currently was scheduled to end on August 5, 2008. 
As of September 30, 2008, no further proceedings have yet taken
      place.





*Competition*





Our
      Alloy
      competes with other precious metals that compete for the jewelry consumers’
dollars. These include, primarily, 950 platinum, 850 platinum, palladium and
      gold. Although a platinum alloy, consisting of 50% platinum and 50% palladium
      has been introduced to the market under the name Royal Platinum, based upon
      current market prices of platinum, we believe that since it requires other
      precious metals to produce, the Royal Platinum alloy is 19% more expensive
      than
      our 585 Platinum alloy.





If
      we
      obtain financing, we will utilize our marketing budget to support our direct
      sales efforts as well as to publicize the availability of 585 Platinum. We
      recently hired an outside public relations firm to assist in the development
      and
      implementation of a marketing plan.





To
      the
      best of our knowledge, other refiners have tried to create a 585 platinum alloy
      containing non-platinum group metals but have not been successful. A most
      significant point in this regard is that, scientifically, there are only certain
      elements that can mix with platinum to make alloy, the least expensive of which
      are copper and cobalt. Since we already have a pending patent application on
      a
      process incorporating those elements, if the patent issues, it may be difficult
      for anyone to produce an alloy that can compete with our costs.





-
          19 -


*Government
      Regulation*





We
      have
      been advised by the Federal Trade Commission (“FTC”) that we may label jewelry
      made with our Alloy as "Platinum," provided that we clearly and conspicuously
      disclose the percentage of our product's non-platinum group metal components.
      We
      believe we are in compliance with all applicable FTC rules and regulations.





The
      FTC
      recently issued proposed revisions to the Guides for the Jewelry, Precious
      Metals and Pewter Industries that would codify guidance on how to use the word
      platinum when describing an alloy of at least 500 parts per thousand (“ppt”)
      platinum and base metals.  The FTC proposes that a company disclose the
      product’s full composition by name and the percentage of each metal. In
      addition, the proposal states that companies should describe any differences
      in
      such a product's attributes as compared with traditional products containing
      at
      least 850 ppt. The FTC has requested that interested parties comment on this
      proposal by August 25, 2008, which comment period has ended. We believe that
      the
      FTC's proposal is favorable to the Company, and intend to submit a comment
      to
      the FTC discussing their specific proposal.





We
      are
      also subject to the rules and regulations of the Bank Secrecy Act of 2001 as
      well as the Patriot Act of 2003. On June 3, 2005 the U.S, Department of the
      Treasury issued final rules implementing Section 352 of the USA Patriot Act.
      It
      requires dealers who both purchase and sell at least $50,000 (annually) of
      jewels, precious metals, precious stones and finished goods to implement an
      anti-money laundering program in their business. We
      are in
      the process of implementing the provisions of the Patriot Act but are not in
      full compliance as of the date of this Report.





**Liquidity
      and Capital Resources**





The
      unaudited condensed consolidated financial statements contained herein have
      been
      prepared on a “going concern” basis, which contemplates the realization of
      assets and the satisfaction of liabilities in the normal course of business.
      For
      the reasons discussed herein and in the footnotes to the condensed consolidated
      financial statements included herein, there is a significant risk that we will
      be unable to continue as a going concern. Our unaudited condensed consolidated
      balance sheets included in this Form 10-Q contain additional note disclosures
      describing the circumstances that lead to this disclosure.





We
      finance our operations and growth primarily with cash flows generated from
      borrowings and operations.





Operating
      Activities





Net
      cash
      used in operating activities for the six months ended September 30, 2008 of
      $622,215 was principally the result of $1,392,479 in cash used to fund
      operations (net loss of $2,126,102 plus depreciation of $8,356 and accretion
      of
      interest expense due to beneficial conversion feature of $725,267) and
      a decrease in inventories of $163,251, offset by an increase in accounts
      receivable of $281,745 and an increase in prepaid expenses and other
      current assets of $121,896 and advances due to related parties of $309,500
      and higher accounts payable and accrued expenses of $701,154.





Net
      cash
      used in operating activities for the six months ended September 30, 2007 of
      $2,091,995 was principally the result of $1,514,306 in cash used to fund
      operations (net loss of $1,825,326, plus depreciation of $63,340, for value
      of
      warrants of $187,680, and interest converted to long-term debt of
      $60,000) and a decrease in accounts receivable of $143,081 and prepaid
      expenses and other current assets of $17,247, offset by an increase in
      inventories of $718,173 and lower accounts payable and accrued expenses of
      $26,193.




Investing
      Activities





Net
      cash
      used in investing activities of $88,505 for the six months ended September
      30,
      2008 is due to expenditures for patents and property and equipment. Our
      operations and business model are not capital intensive at this
      moment.





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          20 -


Net
      cash
      used in investing activities of $77,665 for the six months ended September
      30,
      2007 was due to expenditures for patents and property and equipment. In
      addition, the 2007 period reflects the net change in cash of the deconsolidation
      of 15 Hoover Street LLC on December 21, 2007.





Financing
      Activities





Net
      cash
      provided by financing activities for the six months ended September 30, 2008
      of
      $475,000 was primarily due to borrowings under short-term notes of $500,000,
      offset by payments under long-term notes of $25,000.





Net
      cash
      provided by financing activities for the six months ended September 30, 2007
      was
      $1,854,381, was primarily due to borrowings under short-term notes of
      $1,960,000, offset by payments under long-term notes of $93,268 and payments
      on
      loan from shareholder of $12,351.





As
      of
      September 30, 2008, the Company had cash on hand of $ 1,152 .
      On or
      prior to November 30, 2008, we have to repay $1,600,000 in principal to four
      note-holders, of which $100,000 was paid on October 28, 2008 to one of these
      holders. On or prior to March 16, 2009, we have to repay $500,000 in principal
      to one note-holder. On or prior to March 29, 2009, we have to repay $300,000
      in
      principal to one note-holder. On or prior to April 30, 2009, we will owe
      $1,500,000 to one of our board members. On or prior to July 15, 2009, we will
      owe $2,087,088 to our CEO’s wife. We also owe an aggregate of $100,000 plus
      accrued interest which is payable over the next 12 months. Accordingly, we
      do
      not have sufficient funds to pay our expenses for the next 12 months or to
      effectuate our plans with respect to our business operations.





We
      need
      to seek additional capital for the purpose of financing and operating our
      business. We expect to incur a minimum of approximately $14.2 million in
      expenses in order to effectuate our plans regarding our business, excluding
      the
      principal payments on the obligations described in the previous paragraph.
      We
      estimate that this will be comprised mostly of approximately $11.1 million
      towards cost of goods sold and approximately $.4 million towards interest
      expense. Additionally, approximately $2.7 million will be needed for general
      overhead expenses such as salaries, corporate legal and accounting fees, office
      overhead and general working capital. Over the next twelve months, we expect
      to
      hire employees for our sales, shipping and financial departments as needed.
      Accordingly, we will have to raise the funds to pay for these expenses. There
      can be no assurance that additional capital will be available to us. We have
      no
      specific plans, understandings or agreements with respect to any bank financing
      or capital raise, and we have given no contemplation with respect to the
      securities to be offered or any other issue with respect to any offering. We
      may
      seek to raise the required capital by other means. We will have to issue debt
      or
      equity or enter into a strategic arrangement with a third party. We currently
      have no agreements, arrangements or understandings with any person to obtain
      funds through bank loans, lines of credit or any other sources. Since we have
      no
      such arrangements or plans currently in effect, our inability to raise funds
      for
      a marketing program will have a severe negative impact on our ability to remain
      a viable company.





**Results
      of Operations**





*Revenue.* Revenue
      includes net sales of our platinum alloy and platinum jewelry. Net revenue
      is
      recorded net of estimated sales returns based upon specific customers.





*Cost
      of goods sold.* Our
      cost of goods sold represents our costs of raw materials, including fine
      platinum, the cost to convert the platinum into our alloy and the labor to
      manufacture our jewelry products from our third party manufacturers. Cost of
      goods sold also includes the cost to transport these products to our facility,
      including customs and brokers fees. Cost of goods sold is recognized at the
      time
      products are shipped to the customer and title transfers.





*Selling,
      general and administrative expenses.* Our
      selling, general and administrative expenses consist primarily of selling,
      marketing, salaries and related payroll and employee benefit costs, travel
      and
      insurance expenses, depreciation, professional fees, facility expenses, bank
      charges and outbound freight expenses.





-
          21 -


**Three
      months ended September 30, 2008 compared with three months ended September
      30,
      2007**





*Revenue.* Net
      revenue increased to $488,316 for the three months ended September 30, 2008
      compared to $111,549 for the three months ended September 30, 2007. The increase
      in revenue is primarily due to the addition of several new customers in the
      2008
      period and consisted of sales of platinum alloy as well as jewelry items. During
      the three months ended September 30, 2008, two customers accounted for
      approximately 90% of revenue.





*Gross
      profit.* Gross
      profit increased to $7,032 for the three months ended September 30, 2008
      compared to a gross loss of ($76,564) for the three months ended September
      30,
      2007. The increase in gross profit is primarily due to the increase in revenue
      during the 2008 period. Cost of goods sold contains certain fixed costs and
      is
      impacted by the change in the price of platinum.




*Selling,
      general and administrative expenses.* Selling,
      general and administrative expenses decreased to $490,224 for the three months
      ended September 30, 2008 compared to $678,334 for the three months ended
      September 30, 2007. The decrease was a result of reducing costs associated
      with
      the operations of the business during the 2008 period over the 2007 period.
      The
      primary expenses incurred during the 2008 period consist of salaries and related
      costs (including benefits) of $327,507; professional fees of $30,219;
      advertising and trade shows of $3,795; travel and entertainment costs of $17,308
      and operating expenses of $26,747.





*Loss
      from continuing operations before other income and interest
      expense.* Loss
      from continuing operations before other income and interest expense decreased
      to
      ($483,192) for the three months ended September 30, 2008 compared to ($754,898)
      for the three months ended September 30, 2007. The decrease in loss from
      continuing operations before other income and interest expense for 2008 was
      primarily the result of higher gross profit and lower selling, general and
      administrative costs, as explained above.





*Other
      income.* The
      Company’s product line is moving towards bridal and wedding bands and as such
      certain jewelry items were melted and refined. The refined platinum was sold
      resulting in a profit of $26,697 for the three months ended September 30,
      2008.





*Interest
      expense.* Interest
      expense increased to $528,323 for the three months ended September 30, 2008
      compared to $101,424 for the three months ended September 30, 2007. The increase
      was due to higher borrowings coupled with higher interest rates paid for those
      borrowings in order to support the working capital needs as a result of the
      increase in the business operations, and to purchase inventories. In the 2008
      period, interest expense included $357,222 related to the accretion of the
      discount on a convertible note with a beneficial conversion feature.





*Loss
      from continuing operations.* Loss
      from continuing operations increased to a loss of ($984,818) for the three
      months ended September 30, 2008 compared to a loss of ($856,322) for the three
      months ended September 30, 2007. The increase was primarily the result of higher
      interest expense, offset by the higher gross profit and lower selling, general
      and administrative costs, as explained above.





*Provision
      for income taxes.* We
      did not recognize any tax benefit due to the ongoing losses of the
      business.





*Loss
      from operations of 15 Hoover Street, deconsolidated on December 21,
      2007.* Loss
      from operations deconsolidated on December 21, 2007 of 15 Hoover Street of
      ($36,481) in 2007 relates to the losses of 15 Hoover Street LLC, a variable
      interest entity that was deconsolidated on December 21, 2007.





-
          22 -


*Net
      loss.* Net
      loss
      increased to ($984,818) for the three months ended September 30, 2008 compared
      to net loss of ($892,803) for the three months ended September 30, 2007 as
      a
      result of higher interest expense, offset by higher gross profit and lower
      selling, general and administrative costs, as explained above.





**Six
      months ended September 30, 2008 compared with six months ended September 30,
      2007**





*Revenue.* Net
      revenue increased to $745,529 for the six months ended September 30, 2008
      compared to $115,855 for the six months ended September 30, 2007. The increase
      in revenue is primarily due to the addition of several new customers in the
      2008
      period and consisted of sales of platinum alloy as well as jewelry items. During
      the six months ended September 30, 2008, two customers accounted for
      approximately 70% of revenue.





*Gross
      loss.* Gross
      loss decreased to ($35,987) for the six months ended September 30, 2008 compared
      to ($153,455) for the six months ended September 30, 2007. The decrease in
      gross
      loss is primarily due to the increase in revenue during the 2008 period. Cost
      of
      goods sold contains certain fixed costs and is impacted by the change in the
      price of platinum.




*Selling,
      general and administrative expenses.* Selling,
      general and administrative expenses increased slightly to $1,249,663 for the
      six
      months ended September 30, 2008 compared to $1,209,237 for the six months ended
      September 30, 2007. The increase was a result of the increase in the operations
      of the business during the 2008 period over the 2007 period. The primary
      expenses incurred during the 2008 period consist of salaries and related costs
      (including benefits) of $726,293; professional fees of $168,720; advertising
      and
      trade shows of $51,723; travel and entertainment costs of $70,253 and operating
      expenses of $49,549.





*Loss
      from continuing operations before other income and interest
      expense.* Loss
      from continuing operations before other income and interest expense decreased
      to
      ($1,285,650) for the six months ended September 30, 2008 compared to
      ($1,362,692) for the six months ended September 30, 2007. The decrease in loss
      from continuing operations before other income and interest expense for 2008
      was
      primarily the result of the slightly higher selling, general and administrative
      costs, offset by the decrease in gross loss, as explained above.





*Other
      income.* The
      Company’s product line is moving towards bridal and wedding bands and as such
      approximately 10,400 grams of jewelry items were melted and refined. The refined
      platinum was sold for $703,847, with profit of $229,104, in the six months
      ended
      September 30, 2008.





*Interest
      expense.* Interest
      expense increased to $1,069,556 for the six months ended September 30, 2008
      compared to $350,154 for the six months ended September 30, 2007. The increase
      was due to higher borrowings coupled with higher interest rates paid for those
      borrowings in order to support the working capital needs. In the 2008 period,
      interest expense included $725,267 related to the accretion of the discount
      on a
      convertible note with a beneficial conversion feature.





*Loss
      from continuing operations.* Loss
      from continuing operations increased to a loss of ($2,126,102) for the six
      months ended September 30, 2008 compared to a loss of ($1,712,846) for the
      six
      months ended September 30, 2007. The increase was primarily the result of higher
      selling, general and administrative costs and interest expense, offset by the
      decrease in gross loss, as explained above.





*Provision
      for income taxes.* We
      did not recognize any tax benefit due to the ongoing losses of the
      business.





*Loss
      from operations of 15 Hoover Street, deconsolidated on December 21,
      2007.* Loss
      from operations deconsolidated on December 21, 2007 of 15 Hoover Street of
      ($112,480) in 2007 relates to the losses of 15 Hoover Street LLC, a variable
      interest entity that was deconsolidated on December 21, 2007.





-
          23 -


*Net
      loss.* Net
      loss
      increased to ($2,126,102) for the six months ended September 30, 2008 compared
      to net loss of ($1,825,326) for the six months ended September 30, 2007 as
      a
      result of higher selling, general and administrative costs and interest expense,
      offset by the decrease in the gross loss, as explained above.





**Item
      3. Quantitative and Qualitative Disclosures about Market
      Risk.**





Quantitative
      and Qualitative Disclosures about Market Risk:





The
      Company is exposed to various market risks, including changes in interest rates.
      Market risk is the potential loss arising from adverse changes in market rates
      and prices, such as interest rates, commodity prices of platinum and foreign
      currency exchange rates. The Company does not enter into derivatives or other
      financial instruments for trading or speculative purposes. The Company also
      has
      not entered into financial instruments to manage and reduce the impact of
      changes in interest rates, commodity prices of platinum and foreign currency
      exchange rates, although we may enter into such transactions in the future.





Off-Balance
      Sheet Arrangements:


The
      Company has no off-balance sheet obligations nor guarantees and has not
      historically used special purpose entities for any transactions.




**Item
      4T. Controls and Procedures.**





**Disclosure
      Controls and Procedures**





Our
      disclosure controls and procedures are designed to ensure that information
      required to be disclosed in reports that we file or submit under the Securities
      Exchange Act of 1934 is recorded, processed, summarized and reported within
      the
      time periods specified in the rules and forms of the United States Securities
      and Exchange Commission. Our principal executive officer and principal financial
      officer has reviewed the effectiveness of our “disclosure controls and
      procedures” (as defined in the Securities Exchange Act of 1934 Rules 13(a)-15(e)
      and 15(d)-15(e)) within the end of the period covered by this Quarterly Report
      on Form 10-Q and has concluded that the disclosure controls and procedures
      are
      effective to ensure that material information relating to the Company is
      recorded, processed, summarized, and reported in a timely manner. There were
      no
      significant changes in our internal controls or in other factors that could
      significantly affect these controls subsequent to the last day they were
      evaluated by our principal executive officer and principal financial officer.




**Changes
      in Internal Controls over Financial Reporting**





There
      have been no changes in the Company's internal control over financial reporting
      during the last quarterly period covered by this report that have materially
      affected, or are reasonably likely to materially affect, the Company's internal
      control over financial reporting.





-
          24 -


**PART
      II**


**OTHER
      INFORMATION**





**Item
      1. 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
      1A. Risk Factors.**





There
      have been no material changes from the risk factors previously disclosed in
      our
      Annual Report on Form 10K for the year ended March 31, 2008





**Item
      2. Unregistered Sales of Equity Securities and Use of Proceeds.**





There
      have been no unregistered sales of equity securities during the quarter ended
      September 30, 2008.





Purchases
      of equity securities by the issuer and affiliated purchasers.





None.





**Item
      3. Defaults Upon Senior Securities.**





None.





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





There
      was
      no matter submitted to a vote of security holders during the quarter ended
      September 30, 2008.





**Item
      5. Other Matters.**





None.





**Item
      6.**  **Exhibits**





(a)  Exhibits





31.1
            Certification
                of Chief Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a)
                of the Securities Exchange Act, as
                amended


31.2
            Certification
                of Vice President of Finance pursuant to Rule 13a-14(a) and Rule
                15d-14(a)
                of the Securities Exchange Act, as amended


32.1
            Principal
                Executive Officer Certification pursuant to 18 U.S.C. Section 1350,
                as
                adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                2002


32.2
            Principal
                Financial Officer Certification pursuant to 18 U.S.C. Section 1350,
                as
                adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                2002




-
          25 -




**SIGNATURES**





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








KARAT
                PLATINUM INC.(Formerly
                Sentra Consulting Corp.)Date:
                November 14, 2008
            By:
                /s/ David NeubergName:
                David NeubergTitle:
                Chief Executive OfficerBy:
                /s/ Jodi WatermanName:
                Jodi WatermanTitle:
                Vice President of Finance








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          26 -