U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C. 20549



                                    FORM 10-QSB



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


                    For the quarterly period ended March 31, 2001


                         Commission File Number:  000-26765


                                      Goolu Inc.
        ----------------------------------------------------------------
       (Exact name of small business issuer as specified in its charter)


              Colorado                                84-1113058
  -------------------------------        ---------------------------------
  (State of other jurisdiction of        (IRS Employer Identification No.)
   incorporation or organization)



             4F, No. 28 Sec. 3 Roosevelt Road, Taipei, Taiwan, R.O.C.
        ----------------------------------------------------------------
           (Address of principal executive offices including zip code)


                             (604) 683-9262; Ext. 111
                           ---------------------------
                           (Issuer's telephone number)





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

              Yes   X     No
                  -----     -----

As of March 31, 2002, the Registrant had 501,300 shares of common stock, no par
value per share, outstanding.

Transitional Small Business Disclosure Format (check one): Yes      No  X
                                                              -----   -----

<PAGE>

                                    INDEX
                                    -----

                                                                     Page Number
                                                                     -----------

Part I.   Financial Information

          Item I.   Financial Statements

                    Balance Sheets as of March 31, 2001
                     and December 31, 2000                                     2

                    Statements of Operations, Three Months
                     Ended March 31, 2001 and 2000                             3

                    Statements of Cash Flows, Three Months
                     Ended March 31, 2001 and 2000                             4

                    Notes to Financial Statements                              5

          Item 2.   Management's Discussion and Analysis of
                     Financial Conditions and Results of
                     Operations                                                6

Part II. Other Information                                                     7



<PAGE>

                                GOOLU INC.
                  (formerly Essex Capital Corporation)

                              BALANCE SHEETS
                                (Unaudited)

                                  ASSETS

                                             March 31,    December 31
                                               2001          2000
                                           -----------    -----------

Current Assets                             $      -       $      -
                                           -----------    -----------
 Total Assets                              $      -       $      -
                                           ===========    ===========


           LIABILITIES AND STOCKHOLDERS' (DEFICIT)

Current Liabilities:
 Accounts payable                          $    5,345     $    8,099
 Accounts payable, related party               18,073         14,681
                                           -----------    -----------
 Total Current Liabilities                     23,418         22,780
                                           -----------    -----------

Stockholders' (Deficit):
Preferred Stock, no par value,
   10,000,000 shares authorized
   none issued and outstanding                    -              -
 Common Stock, no par value,
   800,000,000 shares authorized
   501,300 shares issued and
   outstanding                                  1,600          1,600
Additional paid-in capital                      7,916          7,916
Accumulated (deficit) during
  development stage                           (32,934)       (32,296)
                                           -----------    -----------
Total Stockholders' (Deficit)                 (23,418)       (22,780)
                                           -----------    -----------

Total Liabilities and
 Stockholders' (Deficit)                   $      -       $      -
                                           ===========    ===========


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

                                  2


<PAGE>

                                GOOLU INC.
                  (formerly Essex Capital Corporation)

                        STATEMENT OF OPERATIONS
                              (Unaudited)

                                                  Three Months Ended
                                                March 31,    March 31,
                                                    2001        2000



Revenues                                        $      -     $       -
                                                -----------  -----------

Operating Expenses:
 Audit fees                                           538            -
 Other                                                100            -
                                                -----------  -----------
    Total Operating Expenses                          638            -
                                                -----------  -----------

Net Loss                                        $    (638)   $       -
                                                ===========  ===========

Per Share                                       $     nil    $     nil
                                                ===========  ===========

Weighted Average Number of Shares Outstanding     501,300      501,300
                                                ===========  ===========


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

                                  3





<PAGE>


                                GOOLU INC.
                  (formerly Essex Capital Corporation)

                         STATEMENT OF CASH FLOWS
                              (Unaudited)


                                                  Three Months Ended
                                                March 31,    March 31,
                                                    2001        2000


Cash Flows from Operating Activities:
 Net (loss)                                     $    (638)   $      -
 (Decrease) in accounts payable                    (2,754)          -
 Increase in accounts payable, related party        3,392           -
                                                -----------  -----------


 Net Cash (Used in) Operating Activities               -            -
                                                -----------  -----------

Cash Flows from Investing Activities                   -            -
                                                -----------  -----------
                                                       -            -
                                                -----------  -----------


Cash Flows from Financing Activities:
 Increase in additional paid-in capital                -            -
                                                -----------  -----------

 Net Cash Provided by Financing
 Activities capital                                    -            -
                                                -----------  -----------


Increase in Cash                                       -            -

Cash, Beginning of Period                              -            -
                                                -----------  -----------


Cash, End of Period                             $      -     $      -
                                                ===========  ===========


Interest Paid                                   $      -     $      -
                                                ===========  ===========


Income Taxes Period                             $      -     $      -
                                                ===========  ===========



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

                                    4


<PAGE>

                                GOOLU INC.
                  (formerly Essex Capital Corporation)

                      NOTES TO FINANCIAL STATEMENTS
                       March 31, 2001 (Unaudited)

(1)  Condensed Financial Statements

The financial statements included herein have been prepared by Goolu, Inc.
without audit, pursuant to the rules and regulations of the Securities and
Exchange Commission. Certain information and footnote disclosures normally
included in the financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted as allowed by such
rules and regulations, and Goolu Inc. believes that the disclosures are adequate
to make the information presented not misleading. It is suggested that these
financial statements be read in conjunction with the December 31, 2000 audited
financial statements and the accompanying notes thereto. While management
believes the procedures followed in preparing these financial statements are
reasonable, the accuracy of the amounts are in some respect's dependent upon the
facts that will exist, and procedures that will be accomplished by Goolu Inc.
later in the year.

The management of Goolu Inc. believes that the accompanying unaudited condensed
financial statements contain all adjustments (including normal recurring
adjustments) necessary to present fairly the operations and cash flows for the
periods presented.

(2) Basis of Presentation - Going Concern

The accompanying financial statements have been prepared in conformity with
generally accepted accounting principles, which contemplates continuation of the
Company as a going concern. However, the Company has sustained operating losses
since its inception and has a net capital deficiency. This fact raises
substantial doubt about the Company's ability to continue as a going concern.
Management is attempting to raise additional capital.

In view of these matters, realization of certain of the assets in the
accompanying balance sheet is dependent upon continued operations of the
Company, which in turn is dependent upon the Company's ability to meet its
financial requirements, raise additional capital, and the success of its future
operations. Management is in the process of attempting to raise additional
capital and reduce operating expenses. Management believes that its ability to
raise additional capital and reduce operating expenses provide an opportunity
for the Company to continue as a going concern.

                                       5

<PAGE>

                                    ITEM 2

               MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                     CONDITION AND RESULTS OF OPERATIONS


Goolu Inc. (the "Company") was incorporated under the laws of Colorado on March
15, 1989. Effective August 1, 2000, the Company changed its name from Essex
Capital Corporation to Goolu, Inc. The Company is an inactive entity other than
it is looking for a business combination candidate. The Company may seek to
acquire a controlling interest in such entities in contemplation of later
completing an acquisition. The Company is not limited to any operation or
geographic area in seeking out opportunities. Management has not identified any
particular business or industry within which the Company will seek an
acquisition or merger. The Company has not conducted, nor have others made
available to it, market research supporting the viability of the Company's
proposed operations.

The Company generated no revenues during the quarter ended March 31, 2001, and
management does not anticipate any revenues until following the conclusion of a
merger or acquisition.

The Company's capital is limited. The Company anticipates operational costs
will be limited until such time as significant evaluation work is undertaken
regarding prospective mergers or acquisitions.

At March 31, 2001, the Company had no material commitments for capital
expenditures.


                                         6




<PAGE>


                          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 Matters to a Vote of Security Holders

     None.

Item 5. Other Information

     None.

Item 6. Exhibits and Reports on Form 8-K

     None.







                                    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.


                                   Goolu Inc.



Date: March 31, 2002               By:   /s/ Neng-Tse (Frank) Shih
                                   ---------------------------------

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