SECURITIES AND EXCHANGE COMMISSION

                                              WASHINGTON, D.C. 20549

                                                   FORM 10-QSB
[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934
         For the quarterly period ended June 30, 2002

[        ] TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 for the transition period from  __________________
         to __________________

         Commission File Number 0-23504

                                          HELSINKI CAPITAL PARTNERS, INC.
                          (Exact Name of Registrant as specified in its Charter)


            Delaware                                            33-0601502
(State or other Jurisdiction of                         I.R.S. Employer Identi-
Incorporation or Organization                                     fication No.)

                         24351 Pasto Road, Suite B, Dana Point California 92629
(Address of Principal Executive Offices)                             (Zip Code)

                                                  (949) 489-2400
                            (Registrant's Telephone Number, including Area Code)




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

                                           Yes    X           No

           Indicate  the number of shares  outstanding  of each of the  issuer's
classes of Common Stock, as of the latest practicable date.

Common Stock, $.001 par value                                          636,900
----------------------------------                       --------------------
Title of Class                                    Number of Shares outstanding
                                                             at June 30, 2002
No exhibits included.

                                                         1

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<TABLE>
<CAPTION>

                         HELSINKI CAPITAL PARTNERS, INC.
                      (A Company in the Development Stage)

                                 BALANCE SHEETS



                                     ASSETS

                                                                                            March 31,         June 30,
                                                                                              2002              2002


<S>                                                                                         <C>               <C>
              TOTAL ASSETS                                                                  $                 $



                      LIABILITIES AND STOCKHOLDERS' EQUITY



CURRENT LIABILITIES
  Accounts payable                                                                          $     439         $     439
  Advances from a related party                                                                 2,532             2,532
  Accrued interest payable -  related party                                                       158               171
  Convertible notes payable - related party                                                     1,326             1,326
     Total Current Liabilities                                                              $   4,455         $   4,468
STOCKHOLDERS' EQUITY
Preferred Stock, $.001 par value; 1,000,000 shares
  authorized; no shares issued and outstanding

Common Stock, $.001 par value; 20,000,000 shares
  authorized; 636,900 shares issued and outstanding                                               637               637

Additional paid-in capital                                                                        609               609

Accumulated deficit during the development stage                                               (5701)           (5,714)


              TOTAL STOCKHOLDERS' EQUITY                                                      (4,455)           (4,468)



TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY                                                  $                 $

</TABLE>



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

                                                                   2

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<TABLE>
<CAPTION>


                         HELSINKI CAPITAL PARTNERS, INC.
                      (A Company in the Development Stage)

                            STATEMENTS OF OPERATIONS



                                                                                                                       CUMULATIVE
                                                                                        FOR THE THREE                FROM INCEPTION
                                                                                        MONTHS ENDED                  (May 4, 1992)
                                                                                          June 30,                         TO
                                                                                  2002                 2001           June 30, 2002



<S>                                                                         <C>                   <C>                 <C>
REVENUES                                                                    $                     $                   $          -0-

OPERATING EXPENSES

  General and Administrative                                                                                                   5,272
  Amortization                                                                                                                   271
TOTAL OPERATING EXPENSES                                                                                                       5,543

OTHER EXPENSE:
  Interest expense-related party                                                        (13)               (13)                (171)


NET (LOSS)                                                                  $           (13)      $        (13)       $      (5,714)

NET (LOSS) PER SHARE                                                        $          (.00)      $       (.00)


WEIGHTED AVERAGE NUMBER
 OF SHARES OUTSTANDING                                                               636,900            636,900








</TABLE>












                 See accompanying Notes to Financial Statements.

                                                                   3

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<TABLE>
<CAPTION>



                         HELSINKI CAPITAL PARTNERS, INC.
                      (A Company in the Development Stage)

                            STATEMENTS OF CASH FLOWS

                                                                                                                       CUMULATIVE
                                                                                        FOR THE THREE                FROM INCEPTION
                                                                                        MONTHS ENDED                  (May 4, 1992)
                                                                                          June 30,                         TO
                                                                                  2002                 2001           June 30, 2002

CASH FLOWS FROM OPERATING
ACTIVITIES

<S>                                                                         <C>                   <C>                 <C>
  Net (Loss)                                                                $           (13)      $        (13)       $      (5,714)

  Add item not requiring the
   use of cash                                                                                                                   271

  Increase (decrease) in accrued interest payable related party                           13                 13                  171
  Increase (decrease) in accounts
   payable                                                                                                                       439



  Net cash flows from operating
   activities                                                                                                                (4,833)

CASH FLOWS FROM INVESTING ACTIVITIES
  Organizational Costs                                                                                                         (271)

CASH FLOWS FROM FINANCING
  ACTIVITIES
   Contribution to Capital                                                                                                       500
   Sale of Common Stock                                                                                                          746
   Advances from a related party                                                                                               3,858


  Net Cash flows from financing
   activities                                                                                                                  5,104

NET INCREASE (DECREASE) IN CASH

CASH BALANCE AT BEGINNING
  OF PERIOD

CASH BALANCE AT END OF
  PERIOD                                                                    $                     $                   $


</TABLE>



                 See accompanying Notes to Financial Statements.

                                                                   4

<PAGE>



                                          HELSINKI CAPITAL PARTNERS, INC.
                                       (A Company in the Development Stage)

                                      NOTES TO CONDENSED FINANCIAL STATEMENTS
                                                    (UNAUDITED)
                                                   June 30, 2002


1.       Comments

         The accompanying financial statements are unaudited, but in the opinion
         of the management of the Company,  contain all adjustments,  consisting
         of only normal  recurring  accruals,  necessary  to present  fairly the
         financial  position at June 30, 2002, the results of operations for the
         three months  ended June 30, 2002 and 2001,  and the cash flows for the
         three months ended June 30, 2002 and 2001.

         Reference is made to the Company's Form 10-KSB for the year ended March
         31, 2002. The results of operations for the three months ended June 30,
         2002 are not necessarily  indicative of the results of operations to be
         expected for the full fiscal year ending March 31, 2003.

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

         The Company has limited working capital and no activities.

Item 3.  CONTROLS AND PROCEDURES.

         (a)  Evaluation of disclosure  controls and  procedures.  The Company's
         principal executive officer and its principal financial officer,  based
         on their evaluation of the Company's disclosure controls and procedures
         (as defined in  Exchange  Act Rules  13a-14(c)  and 15d -14 (c) as of a
         date  within 90 days  prior to the filing of this  Quarterly  Report on
         Form 10Q, have  concluded  that the Company's  disclosure  controls and
         procedures are adequate and effective for the purposes set forth in the
         definition in Exchange Act rules.

         (b) Changes in internal controls.  There were no significant changes in
         the  Company's  internal  controls  or  in  other  factors  that  could
         significantly  affect the Company's internal controls subsequent to the
         date of their evaluation.


                                            PART II.  OTHER INFORMATION

Item 1.  LEGAL PROCEEDINGS  -  None

Item 2.  CHANGES IN SECURITIES - None

Item 3.  DEFAULTS UPON SENIOR SECURITIES - None

Item 4.  SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS - None

Item 5.  OTHER INFORMATION - None

Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

         Exhibits--None

         Reports on Form 8-K--None.

                                                         5

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                                                    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.


                                                HELSINKI CAPITAL PARTNERS, INC.



Date:     November 27, 2002                                   By:  /s/ Jehu Hand
                                                                   -------------
                                                                   Jehu Hand,
                                                   President and Chief Financial
                                                Officer (chief financial officer
                                               and accounting officer and duly
                                                            authorized officer)



                                                         6

<PAGE>


                                                  CERTIFICATIONS
I, Jehu Hand, certify that:

1.    I have reviewed this quarterly report on Form 10-QSB of Skyframes, Inc.;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

         a) designed  such  disclosure  controls and  procedures  to ensure that
material  information  relating to the  registrant,  including its  consolidated
subsidiaries, is made known to us by others within those entities,  particularly
during the period in which this quarterly report is being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
 and procedures as of a date within
90 days prior to the filing date of this quarterly report (the
"Evaluation Date"); and

         c) presented in this quarterly report our conclusions about the
 effectiveness of the disclosure controls and
procedures based on our evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):

         a) all significant  deficiencies in the design or operation of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  data  and have  identified  for the
registrant's auditors any material weaknesses in internal controls; and

         b) any fraud, whether or not material, that involves management or
 other employees who have a
significant role in the registrant's internal controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: November 27, 2002

/s/ Jehu Hand
Jehu Hand
President and Chief Executive Officer

                                                         7

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