SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 0-15238
NOTIFICATION OF LATE FILING
[X] Form 10-Q
For the Quarter Ended: March 31, 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 Quarterly Report on Form 10-Q will be filed on or before
the fifth calendar day following the prescribed due date;
Part III - Narrative
State below in reasonable detail the reasons why Form 10-Q, could not be
filed within the prescribed time period.
During the quarter ended March 31, 1995, Registrant's Parent Company,
United Merchants and Manufacturers, Inc., sold one of its other
operations and commenced the shutdown of another, which was one of
the Parent Company's segments. The sale of the operation required
significant time of the employees who normally prepare the
Registrant's filings with the Commission. In addition, the shutdown
of the segment required that the Registrant's Parent Company's
financial statements for applicable periods 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 prior
period's financial statements. Also, the same personnel were
preparing Quarterly Reports on Form 10-Q for both the Registrant and
the Registrant's Parent Company. At this time, additional time is
necessary to have the Form 10-Q reviewed by all the Registrant's
appropriate personnel 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 quarter ended March 31, 1995 increased 6% over the
net sales of $10.6 million reported for prior year's same quarter.
Registrant will report operating income of approximately $110,000 for
the current quarter compared with operating income of $426,000 for
last year's quarter. Net sales for the nine months ended March 31,
1995 increased approximately 23% over the $31.3 million reported for
the prior year's nine months. For the nine months ended March 31,
1995, Registrant will report operating income of $2.3 million
compared with an operating loss of $479,000 for last year's nine
months. Registrant will report a net loss of approximately $760,000
and $730,000 for the three and nine months ended March 31, 1995
compared with a net loss of $100,000 and $2.0 million for the same
periods of fiscal 1994, respectively.
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 May 15, 1995 By /s/ Norman R. Forson
Norman R. Forson
Senior Vice President and
Treasurer
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