UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 SEC FILE NUMBER NOTIFICATION OF LATE FILING --------------- CUSIP NUMBER --------------- (Check One): |_|Form 10-K |_|Form 20-F |_|Form 11-K |X|Form 10-Q |_|Form N-SAR For the period ended: September 30, 2000 ( ) 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: --------------------------------------------------------------------------- PART I -- REGISTRANT INFORMATION --------------------------------------------------------------------------- Full Name of Registrants: Panagra International Corp. Former Name if Applicable 515 Madison Avenue --------------------------------------------------------------------------- Address of Principal Executive Offices (Street and Number) New York, New York 10022 --------------------------------------------------------------------------- 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) _ |_| (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 quarterly report on Form 10-Q will be filed on or before the fifth calendar day following the _ prescribed due date; and |_| (c) The accountant's statement or other exhibit required by Rule 12(b)-25(c) has been attached if applicable. - -------------------------------------------------------------------------------- PART III -- NARRATIVE - -------------------------------------------------------------------------------- State below in reasonable detail the reasons why the Form 10-Q could not be filed within the prescribed time period. (Attach Extra Sheets If Needed) Required financial statements not timely received from accountant. - -------------------------------------------------------------------------------- PART IV --OTHER INFORMATION - -------------------------------------------------------------------------------- (1) Name and telephone number of person to contact in regard to this notification: Elie Saltoun 212 829-0905 --------------------------------------------------------------------------- (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 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. Panagra International Corp. -------------------------------------------- (Name of Registrant as Specified in Charter) has caused this notification to be signed on their behalf by the undersigned hereunto duly authorized. Date November 14, 2000 By /s/ Elie Saltoun --------------------------- --------------------------------------- Elie Saltoun President