UNITED
STATES
SECURITIES
AND EXCHANGE
COMMISSION
Washington,
D.C.
20549
FORM
12b-25
NOTIFICATION
OF LATE
FILING
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SEC
File Number: 000-32875
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CUSIP
Number:
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|
(Check one):
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T Form 10-K
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£ Form 20-F
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£ Form 11-K
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£ Form 10-Q
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£ Form 10
D
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£ Form N-SAR
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£ Form N-CSR
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For
Period Ended: September 30, 2007
T 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
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Alloy
Steel International,
Inc.
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Full
Name of Registrant
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Former
Name if Applicable
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42
Mercantile Way, P.O. Box
3087
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Address
of Principal Executive Office (Street and
Number)
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Malaga
D C Western
Australia 6945
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City,
State and Zip Code
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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.)
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(a)
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The
reason described in reasonable detail in Part III of this form
could not
be eliminated without unreasonable effort or
expense;
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T
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(b)
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The
subject annual report, semi-annual report, transition report on
Form 10-K,
Form 20-F,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 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)
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The
accountant’s statement or other exhibit required by Rule 12b-25(c) has
been attached if applicable.
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PART
III --
NARRATIVE
State
below in reasonable detail the reasons why Forms 10-K, 10-D 20-F, 11-K, 10-Q,
N-SAR, N-CSR, or the transition report or portion thereof, could not be filed
within the prescribed time period.
Persons
who are to respond to the
collection of information contained in this form are not required to respond
unless the form displays a currently valid OMB control
number.
Due
to a
change in the international affiliation of the certifying accountant of the
registrant on 1 November 2007, the new audit protocols of the international
affiliation has required a revision of procedures adopted by the certifying
accountant to meet the requirements of the affiliation.
Accordingly,
a delay is anticipated by the certifying accountant to ensure that the new
quality assurance protocols adopted under their new affiliation have been
met.
A
letter
dated December 19, 2007, from the certifying accountant to the registrant
stating that filing by December 31, 2007 will not be possible is
attached.
PART
IV -- OTHER
INFORMATION
(1) Name
and telephone number of person to contact in regard to this
notification.
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Alan
C. Winduss
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+61
(8)
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9381
9266
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||
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(Name)
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(Area
Code)
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(Telephone
Number)
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(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).
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T Yes £ No
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(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?
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T Yes £ No
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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.
The
registrant will report the net income after tax of approximately $1,300,000
for
the fiscal year ended September 30, 2007 compared with a net loss of ($274,026)
for the year ended September 30, 2006.
The
increase in the net income has arisen due to increased sales activity during
the
year, with sales of approximately $8,720,000 for the year ended September
30,
2007 compared to sales of $3,386,083 for the year ended September 30,
2006.
The
increased sales have arisen primarily from successful marketing efforts mainly
in the Australian market which led to securing some major supply contracts
for
the year.
This
result is consistent with the quarterly results released by the company in
the
10-QSB filings throughout the year.
ALLOY
STEEL INTERNATIONAL,
INC.
(Name
of
Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto
duly authorized.
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Date:
December 20,2007
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By:
/s/ Alan Winduss
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Alan
C. Winduss
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|||
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Chief
Financial Officer, Secretary
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Exhibit
A
Chartered
Accountants
Business
Advisers and
Consultants
JWV/ALLOYSTE/audit
19
December 2007
The
Directors
Alloy
Steel International Inc.
PO
Box
3087
Malaga
DC
6945
WESTERN
AUSTRALIA
Dear
Sirs
FORM
12b-25 - NOTIFICATION OF LATE
FILING
We
refer
to your proposed notification to the SEC that the company’s filings are to be
delayed.
We
confirm that the primary reason for the delay in filing is
the lack of
completion of the external audit process.
As
you
are aware, our firm has recently become a member of Grant Thornton
International
(GTI) and is therefore required to follow Grant Thornton protocols
for the
review of documents to be lodged in foreign jurisdictions.
These protocols
include inter-alia a quality assurance review of our procedures
and all
documents to be filed by the GTI international client service
team based in the
USA. This is to ensure full compliance with US GAAP, US GAAS
and the
requirements of the PCAOB.
With
the
upcoming Christmas holiday break both here and in the USA it
is apparent that
all audit processes will not be able to be completed by 31
December
2007.
We
therefore agree with the reasons given by the company in their
Form 12b-25 as to
why the 31 December 2007 will not be met.
Yours
faithfully
GRANT
THORNTON (WA) PARTNERSHIP
/s/
JW
Vibert
JW
VIBERT
Partner
L1,
10
Kings Park Road
West
Perth
WA 6005
PO
Box
570
West
Perth
WA 6872
T
+61
8 9480
2000
F
+61
8 9322
7787
E
admin@gtwa.com.au
W
www.grantthornton.com.au
Grant
Thornton (WA)
Partnership
ABN
17 735
344 518
Grant
Thornton (WA) Partnership is an in dependent business entitled to trade
under
the international name Grant Thornton.
Grant
Thornton is a trademark owned by Grant Thornton International and used
under
licence by independent firms and entities throughout the
world.