**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 June 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 o




Non-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 August 12, 2008 was 33,125,000
      shares of Common Stock, $.001 par value.





**INDEX**




**Page****PART
                  I. FINANCIAL INFORMATION**Item
                  1.
              Financial
                  StatementsCondensed
                  Consolidated Balance Sheets – June 30, 2008 (Unaudited) and March 31,
                  2008
              3Condensed
                  Consolidated Statements of Operations – Three Months ended June 30,
                  2008 and 2007 (Unaudited)
              4Condensed
                  Consolidated Statement of Stockholders’ Deficiency – Three Months
                  ended June 30, 2008 (Unaudited)
              5Condensed
                  Consolidated Statements of Cash Flows – Three Months ended June 30,
                  2008 and 2007 (Unaudited)
              6-7Notes
                  to Condensed Consolidated Financial Statements
              8-14Item
                  2.
              Management's
                  Discussion and Analysis of Financial Condition and Results of
                  Operations
              15-21Item
                  3.
              Quantitative
                  and Qualitative Disclosure About Market Risk
              21Item
                  4.
              Controls
                  and Procedures
              21**PART
                  II. OTHER INFORMATION**Item
                  1
              Legal
                  Proceedings
              23Item
                  1A
              Risk
                  Factors
              23Item
                  2
              Unregistered
                  Sales of Equity Securities and Use of Proceeds
              23Item
                  3
              Defaults
                  Upon Senior Securities
              23Item
                  4
              Submission
                  of Matters to a Vote of Security Holders
              23Item
                  5
              Other
                  Matters
              23Item
                  6.
              Exhibits
              23**SIGNATURES**
              24





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


**CONDENSED
      CONSOLIDATED BALANCE SHEETS**





**June 30, 2008**
            
            **March 31,**
              **2008**(Unaudited)
            
            (Note
                1)**ASSETS**Current
                assets:Cash
            
            $
            28,279
            
            $
            236,872Accounts
                receivable, net of allowance for sales returns and doubtful accounts
                of $0
                and $15,622
            
            
            202,709
            
            
            56,806Inventories
            
            
            1,753,512
            
            
            2,368,478Prepaid
                expenses and other current assets
            
            
            208,393
            
            
            75,002Total
                current assets
            
            
            2,192,893
            
            
            2,737,158Property
                and equipment, net of accumulated depreciation of$25,249
                and $21,071
            
            
            78,735
            
            
            79,100Patents
            
            
            348,886
            
            
            284,949TOTAL
                ASSETS
            
            $
            2,620,514
            
            $
            3,101,207**LIABILITIES
                AND STOCKHOLDERS’****DEFICIENCY**Current
                liabilities:Accounts
                payable and accrued liabilities
            
            $
            891,059
            
            $
            573,513Short-term
                notes payable
            
            
            2,612,962
            
            
            2,244,917Due
                to prior affiliates
            
            
            367,995
            
            
            367,995Current
                portion of long-term debt
            
            
            2,187,088
            
            
            2,187,088Total
                current liabilities
            
            
            6,059,104
            
            
            5,373,513Long-term
                debt, net of current portion
            
            
            1,779,403
            
            
            1,804,403Total
                liabilities
            
            
            7,838,507
            
            
            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 June 30, 2008 and March 31, 2007
            
            
            33,125
            
            
            33,125Paid-in
                capital
            
            
            3,585,547
            
            
            3,585,547Accumulated
                deficit
            
            
            (8,836,671
            )
            
            (7,695,387
            )Total
                Stockholders’ Deficiency
            
            
            (5,217,993
            )
            
            (4,076,709
            )TOTAL
                LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
            
            $
            2,620,514
            
            $
            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****June
                  30,****2008**
              
              **2007**Net
                  revenue
              
              $
              257,213
              
              $
              4,306Cost
                  of goods sold
              
              
              300,232
              
              
              81,197Gross
                  loss
              
              
              (43,019
              )
              
              (76,891
              )Selling,
                  general and administrative expenses
              
              
              759,439
              
              
              530,903Loss
                  from continuing operations before other income and interest expense
              
              
              (802,458
              )
              
              (607,794
              )Other
                  income
              
              
              202,407
              
              
              -Interest
                  expense
              
              
              541,233
              
              
              248,730Loss
                  from continuing operations
              
              
              (1,141,284
              )
              
              (856,524
              )Loss
                  from operations of 15 Hoover Street, deconsolidated on December
                  21, 2007
              
              
              -
              
              
              75,999Net
                  loss
              
              $
              (1,141,284
              )
              $
              (932,523
              )Basic
                  and diluted net loss per common share:From
                  continuing operations
              
              $
              (.03
              )
              $
              (.03
              )From
                  discontinued operations
              
              
              (
                  .00
              )
              
              (
                  .00
              )Net
                  loss
              
              $
              (.03
              )
              $
              (.03
              )Weighted
                  average number of common shares outstanding: Basic and
                  diluted
              
              
              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****THREE
                MONTHS ENDED JUNE 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
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              (1,141,284
              )
              
              (1,141,284
              )Balance,
                  June 30, 2008
              
              
              1,547
              
              $
              6
              
              
              33,125,000
              
              $
              33,125
              
              $
              3,585,547
              
              $
              (8,836,671
              )
              $
              (5,217,993
              )





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)**





**Three Months Ended**
              **June 30,****2008**
            
            **2007**OPERATING
                ACTIVITIES:Net
                loss
            
            $
            (1,141,284
            )
            $
            (932,523
            )Adjustments
                to reconcile net loss to net cash used inoperating
                activitiesDepreciation
            
            
            4,178
            
            
            31,516Warrants
                issued at fair value
            
            
            -
            
            
            187,680Accretion
                of interest expense due to beneficial conversion feature
            
            
            368,045
            
            
            -Changes
                in operating assets and liabilities, net of effects of deconsolidating
                15
                Hoover Street LLC on December 21, 2007:Accounts
                receivable
            
            
            (145,903
            )
            
            215,300Inventories
            
            
            614,966
            
            
            (330,787
            )Prepaid
                expenses and other current assets
            
            
            (133,391
            )
            
            (4,112
            )Accounts
                payable and accrued liabilities
            
            
            317,546
            
            
            (141,103
            )Net
                cash used in operating activities
            
            
            (115,843
            )
            
            (974,029
            )INVESTING
                ACTIVITIES:Patents
            
            
            (63,937
            )
            
            (16,038
            )Capital
                expenditures
            
            
            (3,813
            )
            
            (865
            )Net
                cash of 15 Hoover Street LLC, deconsolidated on December 21,
                2007
            
            
            -
            
            
            (17,511
            )Net
                cash used in investing activities
            
            
            (67,750
            )
            
            (34,414
            )FINANCING
                ACTIVITIES:(Payments
                on) /borrowings under long-term debt
            
            
            (25,000
            )
            
            (2,122,357
            )(Payments
                on) /borrowings from affiliate
            
            
            -
            
            
            (12,349
            )Borrowings
                under short-term notes payable
            
            
            -
            
            
            2,858,358Net
                cash (used in) provided by financing activities
            
            
            (25,000
            )
            
            723,652Net
                decrease in cash
            
            
            (208,593
            )
            
            (284,791
            )Cash,
                beginning of period
            
            
            236,872
            
            
            318,468Cash,
                end of period
            
            $
            28,279
            
            $
            33,677




-
          6
          -


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


**CONDENSED
      CONSOLIDATED STATEMENTS OF CASH FLOWS**


**CONTINUED**


**(UNAUDITED)**





**Three
                Months Ended**
              **June
                30,****2008**
            
            **2007**SUPPLEMENTAL
                DISCLOSURES OF CASH FLOW INFORMATION:Cash
                paid during the period for:Interest
            
            $
            34,614
            
            $
            -SUPPLEMENTAL
                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**





**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 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 month period ended June 30, 2007 and
      the
      Company and its subsidiary Karat Platinum, LLC for the three month period ended
      June 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 $8,836,671 and a working capital
      deficiency of $3,866,211 and negative cash flows from operations of $115,843
      for
      the three months ended June 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.





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.





-
          9
          -




**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 $575,921 and
      finished goods of $1,177,591 at June 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.





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 $2,588,000
      and
      $3,622,000 as of June 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.





-
          10
          -




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 June 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 June 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 consolidated
      financial statements.





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.





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          11
          -




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 months ended June
      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 months ended June 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
      June 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 are 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.
      Subsequent to June 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.





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.





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          12
          -




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 June 30, 2008, the carrying amount of this
      convertible note is $1,012,962, which is net of a discount in the amount of
      $487,038, 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 months ended June 30, 2008, $368,045 of 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-** **STOCKHOLDERS’ EQUITY:**





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 June 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 June 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.





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. 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.





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          13
          -




Warrants:


As
      of
      June 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.




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          14
          -


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





This
      Current 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 Current 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 Current Quarterly Report on Form 10-Q
      or in documents incorporated by reference in this Current 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.





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          15
          -




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 is 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. In 2006, we did not meet our
      minimum purchase requirements and we were obligated to pay liquidated damages
      of
      which Agosi agreed to accept the sum of approximately $28,000. The agreement
      was
      amended whereby the minimum purchase requirement was reduced to 750kg of the
      platinum alloy per year, through 2009. 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.





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          16
          -




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 2007 report issued by Johnson Matthey, purchases of platinum
      by
      the jewelry trade fell in 2006 for the fourth year in a row. Rising and volatile
      metal prices had a negative impact on the platinum jewelry market, cutting
      demand for new metal by 18% from previous year levels to 1.61 million ounces,
      the lowest figure for 14 years. As of July 18, 2008, platinum is selling for
      over $1,800 per ounce as per the London Fixed Prices PM closing price for
      platinum. 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 price
                increase,





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





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).





We
      are
      designing, manufacturing and selling 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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          17
          -




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. As of June 30, 2008, the U.S. patent application is still
      pending.





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 is scheduled to end on August 5, 2008. 
As of June 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.





*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.





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          18
          -




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 25th. 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. Net cash used in operating activities for the three
      month period ended June 30, 2008 was $115,843 as compared to $890,413 for the
      three month period ended June 30, 2007. The 2008 period operating cash flows
      were negatively impacted as a result of the net loss for the period, as
      explained above, an increase in accounts receivable offset by a significant
      decrease in inventories, as a result of the scrap sales, and higher accounts
      payable. Net cash used in investing activities for the three month period ended
      June 30, 2008 was $67,750 as compared to $51,298 for three month period ended
      June 30, 2007. Our operations and business model are not capital intensive
      at
      this moment. Net cash used in financing activities was $25,000 for the three
      month period ended June 30, 2008, entirely due to payments on borrowings under
      a
      long-term note, as compared to net cash provided of $674,431 during for three
      month period ended June 30, 2007, which was due to short-term
      borrowings.





As
      of
      June 30, 2008, the Company had cash on hand of $28,279. On or prior to July
      31,
      2008, we have to repay $1,100,000 in principal to two secured note-holders,
      which notes have subsequently been extended to November 30, 2008. Between August
      29, 2008 and September 3, 2008, we have to repay $500,000 in principal to two
      additional note-holders, which notes have also been extended to November 30,
      2008. On or prior to October 31, 2008, we will owe $2,087,088 to our CEO’s wife.
      Furthermore, on or prior to November 1, 2008, we have to pay $1,500,000 plus
      accrued interest to a director of the Company. 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.





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**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.





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





*Revenue.* Net
      revenue increased to $257,213 for the three months ended June 30, 2008 compared
      to $4,306 for the three months ended June 30, 2007. The increase in revenue
      is
      primarily due to the addition of several new customers in the 2008 period.
      During the three months ended June 30, 2008, two customers accounted for
      approximately 51% of revenue.





*Gross
      loss.* Gross
      loss decreased to ($43,019) for the three months ended June 30, 2008 compared
      to
      ($76,891) for the three months ended June 30, 2007. The decrease in gross loss
      is primarily due to the increase in revenue during the 2008 period. The increase
      in cost of goods sold is also attributable to an increase in certain fixed
      costs
      and expenses during the 2008 period, as well as increases in the price of
      platinum.




*Selling,
      general and administrative expenses.* Selling,
      general and administrative expenses increased to $759,439 for the three months
      ended June 30, 2008 compared to $530,903 for the three months ended June 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 Company’s operating
      activity was minimal prior to January 2007 and has been increasing since then,
      resulting in higher cost in the 2008 period. The primary expenses incurred
      during the 2008 period consist of salaries and related costs (including
      benefits) of $379,415; professional fees of $139,214; advertising and trade
      shows of $47,928; travel and entertainment costs of $52,945 and operating
      expenses of $28,170.





*Loss
      from continuing operations before interest expense.* Loss
      from continuing operations before interest expense increased to ($802,458)
      for
      the three months ended June 30, 2008 compared to ($607,794) for the three months
      ended June 30, 2007. The increase in loss from continuing operations before
      interest expense for 2008 was primarily the result of higher selling, general
      and administrative costs, as explained above.





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          20
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*Other
      income.* The
      Company’s product line is moving towards bridal and wedding bands and as such
      approximately 10,000 grams of jewelry items were melted and refined. The refined
      platinum was sold for $677,150, with profit of $202,407, in the three months
      ended June 30, 2008.





*Interest
      expense.* Interest
      expense increased to $541,233 for the three months ended June 30, 2008 compared
      to $248,730 for the three months ended June 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 $368,045 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 ($1,141,284) for the three
      months ended June 30, 2008 compared to a loss of ($856,524) for the three months
      ended June 30, 2007. The increase was primarily the result of higher selling,
      general and administrative costs and interest expense, offset by the increase
      in
      revenue and 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
      ($75,999) in 2007 relates to the losses of 15 Hoover Street LLC, a variable
      interest entity that was deconsolidated on December 21, 2007.





*Net
      loss.* Net
      loss
      increased to ($1,141,284) for the three months ended June 30, 2008 compared
      to
      net loss of ($932,523) for the three months ended June 30, 2007 as a result
      of
      higher selling, general and administrative costs and interest expense, offset
      by
      the increase in revenues and gross margin, 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
      4. 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.




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          21
          -




**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.


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          22
          -


**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
      June 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
      June
      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 amended31.2
              Certification
                  of Vice President of Finance pursuant to Rule 13a-14(a) and Rule
                  15d-14(a)
                  of the Securities Exchange Act, as amended32.1
              Principal
                  Executive Officer Certification pursuant to 18 U.S.C. Section 1350,
                  as
                  adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                  200232.2
              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




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          23
          -





**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:
                  August 13, 2008
              By:
              /s/
                  David NeubergName:
                  David NeubergTitle:
                  Chief Executive OfficerBy:
              /s/
                  Jodi WatermanName:
                  Jodi WatermanTitle:
                  Vice President of Finance


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