SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 0-15238
NOTIFICATION OF LATE FILING
[X] Form 10-K
For the Year Ended: June 30, 1995
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
Part I - Registrant Information
Full name of registrant:
VICTORIA CREATIONS, INC.
Address of principal executive office (Street and Number):
30 Jefferson Park Road
City, State and Zip Code:
Warwick, RI 02888
Part II - Rule 12b-25 (b) and (c)
(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 on Form 10-K will be filed on or before the
fifteenth calendar day following the prescribed due date;
Part III - Narrative
State below in reasonable detail the reasons why Form 10-K, could not be
filed within the prescribed time period.
During the year ended June 30, 1995, Registrant's Parent Company,
United Merchants and Manufacturers, Inc., sold one of its operations
and shutdown another. The latter was one of the Parent Company's
segments. In addition, subsequent to fiscal year end, the Registrant
and its Parent Company each renegotiated its borrowing arrangements
with its current lender. The shutdown of the segment required that
the Registrant's Parent Company's financial statements for applicable
prior years be restated to report separately the results of
operations and the assets and liabilities of the continuing and the
discontinued businesses. The personnel who prepare the Registrant's
filings with the Commission have been occupied in restating the
Registrant's Parent Company's financial statements for prior years.
They were also involved in the renegotiation of the borrowing
arrangements for both companies. At the same time, the same
personnel have been preparing Annual Reports on Form 10-K for both
the Registrant and the Registrant's Parent Company. At this time,
additional time is necessary to have the Form 10-K reviewed by all
the Registrant's appropriate personnel and its independent auditors
to assure adequate disclosure.
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Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
Norman R. Forson (201) 837-1700
(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 report(s) been filed?
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding periods 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
Net sales for the year ended June 30, 1995 increased 17% over the net
sales of $42.6 million reported for the prior year. Registrant will
report operating income of approximately $2.0 million for the current
year compared with operating loss of $537,000 for last year.
Registrant will report a net loss of approximately $1.3 million for
the year ended June 30, 1995 compared with a net loss of $2.1 million
for fiscal 1994.
VICTORIA CREATIONS, INC.
(Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: September 26, 1995 By /s/ Norman R. Forson
Norman R. Forson
Senior Vice President and
Treasurer
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