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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC File Number:000-29797
NOTIFICATION OF LATE FILING
of Form 10-QSB
For Fiscal Quarter Ended: September 30, 2000
READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT
OR TYPE
Nothing in the form shall be construed to imply that the Commission has verified
any information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
Full Name of Registrant: Royal Acceptance Corporation
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Former Name if Applicable
Address of Principal Executive Office (Street and Number):90 Jericho Turnpike
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City, State and Zip Code: Floral Park, NY 11001
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PART II - RULE 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check appropriate box)
| (a) The reasons described in reasonable detail in Part
| III of this form could not be eliminated without unreasonable
| effort or expense;
|
| (b) The subject annual report, semi-annual report,
| transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or
| portion thereof, will be filed on or before the fifteenth
[X] | calendar day following the prescribed due date; or the subject
| quarterly report of transition report on Form 10-Q, or portion
| thereof will be filed on or before the fifth calendar day
| following the prescribed due date; and
|
| (c) The accountant's statement or other exhibit required
| by Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
with the prescribed time period:
Preparation of the information, including the financial statements, in
the Form 10-QSB has taken longer than originally anticipated. Hence, the Company
will be filing the Form 10-QSB after the scheduled due date.
The Company is diligently endeavoring to complete its Form 10-QSB in as
expeditious a manner as possible in light of the circumstances described above.
The Company, therefore, intends to file its Form 10-QSB for the three
months ended September 30, 2000 as soon as practicable, but no later than 5
calendar days following the prescribed due date as indicated in Part II (b) of
the Form 12b-25.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Richard Toporek (516)488-8600
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such reports been
filed? If answer is no identify report(s). /X/ Yes No / /
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof? /X/ Yes No / /
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
ROYAL ACCEPTANCE CORPORATION has caused this notification to be signed
on its behalf by the undersigned hereunto duly authorized.
Date: November 14, 2000 By: /s/ RICHARD TOPOREK
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Richard Toporek, President
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ROYAL ACCEPTANCE CORPORATION
ATTACHMENT TO FORM NT10-QSB
FOR THE FISCAL QUARTER ENDED SEPTEMBER 30, 2000
PART IV, Item (3):
The Company anticipates that its financial statements will reflect a
significant decline in its revenues due to recent increases in interest rates.
Such increases pressure the Company to reduce its profit margin and discourage
potential customers from entering into automobile leases.
