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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549 SEC FILE NUMBER
33-1507-NY
FORM 12B-25
NOTIFICATION OF LATE FILING CUSIP NUMBER
[TO COME]
(Check One): [ X ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1999
[ ] 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:
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Read Attached Instruction Sheet Before Preparing Form.
Please Print or Type.
Nothing in this 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
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RAMOIL MANAGEMENT, LTD.
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Full Name of Registrant
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Former Name if Applicable
2424 NORTH FEDERAL HIGHWAY
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Address of Principal Executive Office (Street and Number)
SUITE 350
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BOCA RATON, FLORIDA 33431
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City, State and Zip Code
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 or Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the
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prescribed due date; or the subject quarterly report of
transition report on Form 10-Q, or filing made by a money
market fund pursuant to Rule 30b3-1, 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.
PART III - NARRATIVE
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed time period.
The Form 10-K and Form 10-KSB could not be filed timely without unreasonable
effort or expense. The Corporation has recently retained Van Buren & Hauke,
LLC, Certified Public Accountants as new auditors. The time and effort
involved in familiarizing the new auditors with the company and obtaining
verified records of the company's activities in foreign countries necessitates
the need for the extension requested. The companies activities in the Middle
East and in Europe could not be properly reviewed and audited without
unreasonable effort or expense.
(ATTACHED)
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
/s/ Radoljub Radulovic (561) 338-5611
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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 report(s) 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?
[ ] 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.
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RAMOIL MANAGEMENT LTD.
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(Name of Registrant as Specified in Charter)
has caused this information to be signed on its behalf by the undersigned
thereunto duly authorized.
Date March 24, 2000 By /s/ RADOLJUB RADULOVIC
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PRESIDENT
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ACCOUNTANT'S STATEMENT
Van Buren & Hauke, LLC
Certified Public Accountants
63 Wall Street, Suite 2501
New York, NY 10005
(212) 344-3600
March 20, 2000
Ramoil Management, Ltd.
2424 North Federal Highway, Suite 350
Boca Raton, Florida 33431
Dear Sirs:
Thank you for retaining us as auditors for your company. Due to the nature of
the Company and its extensive activities overseas, we will require more time in
which to complete the Form 10-K or Form 10-KSB. The expense and effort required
to complete a proper audit of the Company by the deadline of March 31, 2000
would be unreasonable and impossible.
We hereby request that you request an extension of filing pursuant to Rule
12B-25(b). We will then have adequate time to complete a professional audit
of your company.
Sincerely.
/s/ Thomas Hauke
Thomas Hauke, CPA
