form12b10k
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check One): [x] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR
[x] For Period Ended: October 31, 2001
[ ] 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:
- --------------------------------------------------------------------------------
Read Instruction (on back page) 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.
- --------------------------------------------------------------------------------
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
- --------------------------------------------------------------------------------
PART I - REGISTRANT INFORMATION
- --------------------------------------------------------------------------------
Full Name of Registrant KIT Manufacturing Company
- --------------------------------------------------------------------------------
Former Name if Applicable
- --------------------------------------------------------------------------------
530 East Wardlow Road
- --------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)
Long Beach, California 90807
- --------------------------------------------------------------------------------
City, State and Zip Code
PART II -- RULES 12B-25(B) AND (C)
If the subject report could not be filed without reasonable 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 of 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
Page 1
form12b10k
[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 Forms 10-K, 11-K, 10-Q, N-SAR,
or the transition report or portion thereof, could not be filed within the
prescribed time period.
KIT Manufacturing Company (the "Company") is currently in negotiations
with its lender to amend its existing credit agreement to increase the
line of credit extended to the Company. The Company is also exploring
other possible credit sources to secure financing. These negotiations have
not been completed as of January 29, 2002. The results of these
negotiations will affect the Company's annual financial statements and
disclosures contained in its Annual Report on Form 10-K for the fiscal
year ended October 31, 2001 (the "Annual Report"). Therefore, the Annual
Report cannot be filed within the prescribed time period. Based on the
current status, the Company expects to file its Annual Report within 15
calendar days following the prescribed due date.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Bruce K. Skinner (562) 595-7451
------------------------- --------------------- ------------------------
(Name) (Area Code) (Telephone Number)
(2) Have all other period 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
reports) 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.
- ----------------------------------------------------------------------------
Page 2
form12b10k
KIT Manufacturing Company
--------------------------------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date January 29, 2002 By /s/ Bruce K. Skinner
----------------------- -------------------------------
Bruce K. Skinner, Vice President/Treasurer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
- --------------------------------------------------------------------------------
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS (SEE 18 U.S.C. 1001).
- --------------------------------------------------------------------------------
January 29, 2002
Mr. Bruce Skinner
Vice President and Treasurer
KIT Manufacturing Company
530 East Wardlow Road
P. O. Box 848
Long Beach, CA 90801
Dear Mr. Skinner:
You have furnished us with a copy of your "Notification of Late Filing" on Form
12b-25 dated January 29, 2002.
We are in agreement with the comments under Part III of the Form with respect to
the reasons why we are unable to furnish our report on the financial statements
of KIT Manufacturing Company on or before the date the Form 10-K of KIT
Manufacturing Company for the year ended October 31, 2001 is required to be
filed.
Yours very truly,
/s/PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Page 3