Notification That Form 20-f Will Be Submitted Late (nt 20-f)
May 02 2017 - 4:05PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND
EXCHANGE
COMMISSION
Washington,
D.C.
20549
FORM
12b-25
NOTIFICATION
OF
LATE
FILING
|
OMB APPROVAL
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OMB
Number:......... 3235-0058
Expires: October
31,
2018
Estimated
average
burden
hours
per
response.
2.50
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SEC
FILE
NUMBER
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CUSIP
NUMBER
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(Check
one):
¨
Form
10-K
x
Form
20-F
¨
Form
11-K
¨
Form
10-Q
¨
Form
10-D
¨
Form
N-SAR
¨
For
m
N-CSR
For
Period
Ended:
December 31, 2016
¨
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
National Steel Company
Full
Name
of
Registrant
N/A
Former
Name
if
Applicable
Av. Brigadeiro Faria Lima, No. 3400 - 20th floor
Address
of
Principal
Executive
Office
(Street
and
Number)
Sao Paulo, SP – Brazil – 04538-132
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 reason 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, 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-Qorsubject distribution reporton Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(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
why
Forms
10-K,
20-F,
11-K,
10-Q, 10-D,
N-SAR,
N-CSR,
or
the
transition
report
or
portion
thereof,
could
not
be
filed
within
the
prescribed
time
period.
National Steel Company—CSN (the “Company”) respectfully notifies the Securities and Exchange Commission that it is unable to complete its annual report on Form 20-F for the fiscal year ended December 31, 2016 (the “2016 Annual Report”) within the prescribed time period. The Company requires additional time to complete certain accounting and disclosure matters related to the business combination that occurred on November 30, 2015, by which the Company’s subsidiary , CSN Mineração S.A. (former Congonhas Minérios S.A.), acquired control of Nacional Minerios, S.A.
PART
IV
—
OTHER
INFORMATION
(1)
Name
and
telephone
number
of
person
to
contact
in
regard
to
this
notification
David Moise Salama
+55
11 3049-7588
(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).
(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
?
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.
We identified errors in certain assumptions used in the fair value determination of the entities involved in the business combination of Namisa and CSN Mineração (former “Congonhas Minérios”) that occurred at the end of 2015, as well as in the accounting for the provisions of the Investment Agreement signed in December 2014 that addressed the treatment to be given to certain assets excluded from the transaction. Under that provision, those assets that were erroneously included in the fair value determination of the acquiree, should have been transferred directly to any CSN entity other than the acquirer. Instead, those assets were mistakenly included within the net assets of the acquiree contributed to the acquirer and, in a subsequent act, were transferred from the acquirer to another CSN entity. Finally, we also modified the gain or loss in the pre-existing relationship between the acquirer and the acquiree entities in order to comply with IFRS3.
At the time of this filing, we are not able to disclose the effects of the changes discussed in the preceding paragraph as such effects are still under review and discussions.
National Steel Company – CSN
(Name
of
Registrant
as
Specified
in
Charter)
has
caused
this
notification
to
be
signed
on
its
behalf
by
the
undersigned
hereunto
duly
authorized.
Date May 2, 2017
By
/s/ David Moise Salama
Name: David Moise Salama
Title: Executive Officer
Companhia Siderurgica Na... (NYSE:SID)
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