U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC File No. 33-49854-A
CUSIP No. 461157
[X] Form 10-KSB
For Period Ended: March 31, 1997
Part I - Registrant Information
Full Name of Registrant: Intile Designs, Inc.
Former Name if Applicable: N/A
Address of Principal Executive Office:
9716 Old Katy Road, Suite 110
City, State, and Zip Code:
Houston, Texas 77055
Part II - Rules 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; and
(b) The subject annual report on Form 10-KSB, or portion
thereof will be filed on or before the fifteenth calendar day
following the prescribed due date.
(c) The accountant's statement or other exhibit required by
Rule 12b-25(c) is attached.
Part III - Narrative
Due to complex accounting issues relating to the closure of a
significant subsidiary and a delay in receiving third party
confirmations, the Company and its auditor have not had
sufficient time to complete the audited financial statements.
Part IV - Other Information
(1) Name and telephone number of person to contact in
regard to this notification: C. Doyle Smith, (713)-468-8400
(2) Have all other periodic records 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? [X] Yes [ ] No
The Company reported a net loss for the year ended March 31,
1996 of $4,246,837 of which $3,169,419 were losses associated
with the closure of TCM Holdings Corporation (Tile City), a
wholly owned subsidiary. The Company closed Tile City on August
3, 1995. While the specific level of the anticipated net loss has
not been determined for the year ended March 31, 1997, it is
believed that such results will not reach the magnitude of the
losses reported in the corresponding period for the last fiscal
period.
Intile Designs, Inc. has caused this notification to be
signed on its behalf by the undersigned thereunto duly
authorized.
Date: July 1, 1997 By: /s/ C. William Cox
C. William Cox, President
<PAGE>
July 1, 1997
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Gentlemen:
This letter is written in response to the requirement of Rule 12b-
25(c) under the Securities Exchange Act of 1934 and in
satisfaction of item (c) of Part II of Form 12b-25.
We are the independent auditors of Intile Designs, Inc., (the
"Registrant"). The Registrant has stated in part III of its
filing on Form 12b-25 that it is unable to timely file, without
unreasonable effort or expense, its Annual Report on Form 10-K
for the year ended March 31, 1997 because our Firm has not yet
completed our audit of the financial statements of the Registrant
for the year ended March 31, 1997 and it is therefore unable to
furnish the required opinion on such financial statements.
We hereby advise you that we have read the statements made by the
Registrant in Part III of its filing on Form 12b-25 and agree
with the statements made therein. We are unable to complete our
audit of the Registrant's financial statements and furnish the
required opinion for a timely filing due to complex accounting
issues relating to the closure of a significant subsidiary and a
delay in receiving third party confirmations and representations
and, as a result, have not yet had sufficient time to complete
the auditing procedures which we consider necessary in the
circumstances.
Very Truly Yours,
BDO Seidman
