-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PFIBayzgeWJs9iuGlhfOqhaA/G2WyNTqZ0F8hyTRU5ZlS18l8cS4q5neKzjF3UQB PWojWCAcZ/XEYIw4TUDsfw== 0001144204-08-019614.txt : 20080401 0001144204-08-019614.hdr.sgml : 20080401 20080401101613 ACCESSION NUMBER: 0001144204-08-019614 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071231 FILED AS OF DATE: 20080401 DATE AS OF CHANGE: 20080401 EFFECTIVENESS DATE: 20080401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DCI USA, INC CENTRAL INDEX KEY: 0001120210 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 223742159 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-31143 FILM NUMBER: 08727592 BUSINESS ADDRESS: STREET 1: 19 WEST 44TH STREET CITY: NEW YORK STATE: NY ZIP: 10023 BUSINESS PHONE: 212-938-1545 MAIL ADDRESS: STREET 1: 19 WEST 44TH STREET CITY: NEW YORK STATE: NY ZIP: 10023 FORMER COMPANY: FORMER CONFORMED NAME: GAVELLA CORP DATE OF NAME CHANGE: 20000725 NT 10-K 1 v109191.htm Unassociated Document
 
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549 
 
FORM 12B-25 
 
NOTIFICATION OF LATE FILING 
 
SEC File Number: 000-31143
 
CUSIP Number:  368075 10 7
 
Check One:  x |  Form 10-K |  |  Form 20-F |  |  Form 11-K | |  Form 10-Q  |  |  Form NSAR   
 
For the period ended: December 31, 2007
 
|  |  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 NSAR
 
For the transition period ended:  Not Applicable 
 
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.
 
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: Not Applicable 
 
PART I - REGISTRANT INFORMATION 
 
Full Name of Registrant: DCI USA, Inc.
 
Former Name if Applicable: N/A
 
Address of Principal Executive Office: 8 Bond Street, Great Neck, NY 11021
 
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)
 
 
1

 
 
 
x
(a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense.
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, 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 subject distribution report on Form 10-D, or portion thereof, 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 12b-25(c) has been attached if applicable.
 
PART III - NARRATIVE 
 
State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K, 10-Q, or N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.  
 
DCI USA, Inc. (the "Company") could not complete the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2007 due to a delay in obtaining and compiling information required to be included in the Company's Form 10-K, which delay could not be eliminated by the Company without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, as amended, the Company will file its Form 10-K no later than the fifteenth calendar day following the prescribed due date. 
 
PART IV - OTHER INFORMATION 
 
(1) Name and telephone number of person to contact in regard to this notification:
 
David Lubin, Esq. 
516  
887-8200
(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 for 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?  
 
Yes [x] No [ ] 
 
If answer is no, identify report(s): Not Applicable 
 
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal years will be reflected by the earning statements to be included in the subject report or portion thereof?  
 
Yes [x] No [_]
 
 
2

 
 
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.  
 
DCI USA, INC.
         
P&L
 
 
 
 
 
Preliminary numbers
         
   
Year ended December 31,
 
   
2007
 
2006
 
Operating Income:
         
Revenue
 
$ -
 
$ -
 
Interest income
   
28,342
   
160,391
 
Total income
   
28,342
   
160,391
 
               
               
Expenses:
             
General and administrative expense
   
262,360
   
298,287
 
Interest expense
   
501,484
   
239,596
 
Professional fees
   
220,270
   
145,000
 
Consulting fees
   
138,256
   
-
 
Income taxes
   
4,646
   
3,729
 
Total expenses
   
1,217,016
   
686,612
 
               
Loss from operations
   
(1,098,674
)
 
(526,221
)
               
Other expense:
             
Net loss on investment
   
130,552
   
9,112
 
Total other expense
   
130,552
   
9,112
 
               
Net loss
 
$
(1,229,226
)
$
(535,333
)
 
·  
Significant increase in Interest Expenses as investments in subsidiaries, done in the end of 2006 and during 2007, were mostly finances by interest bearing notes, debentures & loans from major shareholder.
 
·  
Increase in professional fees mainly increase in attorney's fees due to legal activities in negotiating the contracts related to the investments in the subsidiaries
 
·  
Increase in consulting fees due to increase in compensation payments. Also cost of options to third party in 1st Q (later cancelled)
 
·  
Increase in net loss on investment - an investment that did not exist in 2006
 
 
3

 
 
DCI USA, INC.
 
(Name of Registrant as Specified in Charter)
 
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.  
 
Date: March 31, 2008
     
    By: /s/ Jonathan Rigbi
 
Name:  Jonathan Rigbi
Title:  Chief Financial Officer
 
ATTENTION
 
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001)
 
 
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