SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           FORM 10-QSB

(Mark One)

[X ]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE        
          SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended:   September 30, 1996
                                                                         
OR

[ ]      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:   0-17304 
 
        CNH Holdings Company, f/k/a Coral Companies, Inc.
(Exact name of small business issuer as specified in its charter)

         Nevada                                      11-2867201          
(State or other jurisdiction of                   (I.R.S. employer       
incorporation or organization)                  identification number) 
   
   4221 E.  Pontatoc Canyon Dr., Tucson, Arizona              85718      
              (Address of principal executive offices)(Zip Code)         
   

Issuer's telephone number, including area code:     (520) 577-6611

Indicate by check mark whether the issuer (1) 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 (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     

Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date:  As of November 7,
1996, there were approximately 400,000 shares outstanding.
<PAGE>
                  PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

                     CNH HOLDINGS COMPANY

                          BALANCE SHEETS


                                 September 30, 1996       March 31, 1996
                                     (unaudited)

           ASSETS

Assets                               $    ----             $      ----


          LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities                          $    ----             $      ----

Stockholders' Equity
   Preferred stock, $.001 par value,
      1,000,000 shares authorized,
      no shares issued and outstanding                         

Common stock, $.0005 par value,
   1,000,000 shares authorized, 
   400,000 shares issued and 
     outstanding                        229,531                229,531

Additional paid-in capital            4,482,953              4,482,953
Accumulated deficit                  (4,712,484)            (4,712,484)

      Total stockholders' equity        -----                  -----
                                   $    -----              $   -----
















The Company discontinued operations effective December 31, 1990<PAGE>
  

                        CNH HOLDINGS COMPANY

                     STATEMENT OF OPERATIONS

                                      Six months ended    Three months
ended
                                      September 30,        September 30,
                                      1996       1995     1996       1995

(Loss) from 
   discontinued operations           $-----     -----     -----     -----

                    Net loss         $-----     -----     -----     -----

Net income (loss) 
    per common share                 $-----     -----     -----     -----

Weighted average shares 
     outstanding                     400,000   400,000   400,000   400,000


































The Company discontinued operations December 31, 1990

                       CNH Holdings Company
                  Notes to Financial Statements
                           (Unaudited)

In the opinion of management, all adjustments (consisting of normal
recurring adjustments) considered necessary for a fair presentation of the
financial condition of registrant have been included, and the disclosures
are adequate to make the information presented not misleading.

Note 1.  A summary of significant accounting policies is currently on file
with the U.S. Securities and Exchange Commission in registrant's Forms S-18
and S-1.

Note 2.  The loss per share was computed by dividing net loss by the
weighted average number of shares of common stock outstanding during the
period.

Note 3.  Registrant has not declared or paid dividends on its common shares
since inception.

Note 4.  The accompanying unaudited financial statements have been prepared
in accordance with the instructions to Form 10-Q and do not include all
information and footnotes required by generally accepted accounting
principles for complete financial statements.

Note 5. Income taxes have not been provided for in that registrant has not
had a tax liability from inception to the date of these notes.

Item 2.  Management's Discussion and Analysis of Financial Condition and
Results of Operations

Results of Operations

The Company has had no revenues, operating or otherwise, since 1991. 
Correspondingly, all expenses during these periods were administrative in
nature and immaterial in amount.  Thus, no meaningful comparison can be
made between these fiscal years.

Liquidity and Capital Resources

The Company has had no liquidity sources since fiscal 1990.  A capital
infusion provided for the payment of all administrative expenses incurred.


                   PART II - OTHER INFORMATION

Item 1.  Litigation

No material legal proceedings to which the Company (or any officer or
director of the Company, or any affiliate or owner of record or
beneficially of more than five percent of the Common Stock, to management's
knowledge) is a party or to which the property of the Company is subject
is pending and no such material proceeding is known by management of the
Company to be contemplated.

Item 2.  Change in Securities

This item is not applicable to the Company for the period covered by this
report.

Item 3.  Defaults Upon Senior Securities

This item is not applicable to the Company for the period covered by this
report.

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

There were no meetings of security holders during the period covered by
this report; thus, this item is not applicable.

Item 5.  Other Information

There is no additional information which the Company is electing to report
under this item at this time.

Item 6.  Exhibits and Reports on Form 8-K

No reports on Form 8-K were filed by the Company during the period covered
by this report.<PAGE>
                            SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized this 7th
day of November, 1996.

CNH Holdings Company
(Registrant)

By:  /s/ Paul M. Lionti
     Paul M. Lionti, President and Chief Executive Officer



By:  /s/ Paul M. Lionti
     Paul M. Lionti, Chief Financial and Accounting Officer and Treasurer






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