Commission File Number 0-15336
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(CHECK ONE):
[ ] Form 10-Q and Form 10-QSB
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form N-SAR
For Period Ended: December 31, 1995
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
- --------------------------------------------------------------------------------
Nothing in this Form shall be construed to imply that the
Commission has verified any information contained herein.
- --------------------------------------------------------------------------------
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: N/A
- --------------------------------------------------------------------------------
PART I--REGISTRANT INFORMATION
- --------------------------------------------------------------------------------
Full Name of Registrant
(Former Name if Applicable)
MARGO NURSERY FARMS, INC.
Address of Principal Executive Office (Street and Number)
ROAD 690, KILOMETER 5.8
City, State and Zip Code
VEGA ALTA, P.R. 00692
- --------------------------------------------------------------------------------
PART II--RULES 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 box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable
effort or expense;
[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or
portion thereof will be filed on or before the fifteenth
calendar day following the prescribed due date; or the
subject quarterly report or 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
[X] (c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
See Exhibit A.
- --------------------------------------------------------------------------------
PART III--NARRATIVE
- --------------------------------------------------------------------------------
THE REGISTRANT ENCOUNTERED DIFFICULTY IN OBTAINING THE INFORMATION NECESSARY TO
COMPLETE ITS FINANCIAL STATEMENTS. AS A RESULT, THE REGISTRANT WAS NOT IN A
POSITION TO COMPLETE THE PREPARATION OF THE FORM 10-K OR TO HAVE ITS INDEPENDENT
AUDITORS ISSUE THEIR OPINION ON THE COMPANY'S FINANCIAL STATEMENTS BY THE
REQUIRED FILING DEADLINE.
<PAGE>
- --------------------------------------------------------------------------------
PART IV--OTHER INFORMATION
- --------------------------------------------------------------------------------
(1) Name and telephone number of person to contact in regard to this
notification
ALFONSO A. ORTEGA (809) 883-2570
----------------- ------------------
(Name) (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? If the 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?
[ ] Yes [X] 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.
MARGO NURSERY FARMS, 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: MARCH 29, 1996 By: /s/ ALFONSO A. ORTEGA
---------------- -----------------------------------------
ALFONSO A. ORTEGA, CFO
<PAGE>
EXHIBIT A
CERTIFIED PUBLIC ACCOUNTANTS
2699 SOUTH BAYSHORE DRIVE
MIAMI, FLORIDA 33133-5486
March 29, 1996
Ignacio Alvarez, Esq.
Piettantoni, Mendez & Alvarez
Banco Popular Center
Suite 1901
209 Munoz Rivera Avenue
Heto Rey, PR 00918
Re: Margo Nursery Farms, Inc.
Dar Mr. Alvarez:
This is to confirm that the reason for the delay in issuing our audit
report results from not obtaining the necessary information from the registrant
on a timely basis.
Very truly yours,
KAUFMAN, ROSSIN & CO.
/s/ Geraid A. Michelson
-----------------------
Gerald A. Michelson
