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<SEC-DOCUMENT>0001014100-97-000037.txt : 19970627
<SEC-HEADER>0001014100-97-000037.hdr.sgml : 19970627
ACCESSION NUMBER:		0001014100-97-000037
CONFORMED SUBMISSION TYPE:	NT 10-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19970331
FILED AS OF DATE:		19970626
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNIVERSAL SECURITY INSTRUMENTS INC
		CENTRAL INDEX KEY:			0000102109
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				520898545
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		NT 10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-07885
		FILM NUMBER:		97629847

	BUSINESS ADDRESS:	
		STREET 1:		10324 S DOLFIELD RD
		CITY:			OWINGS MILLS
		STATE:			MD
		ZIP:			21117-3586
		BUSINESS PHONE:		4103633000

	MAIL ADDRESS:	
		STREET 1:		10324 S. DOLFIELD RD
		CITY:			OWINGS MILLS
		STATE:			MD
		ZIP:			21117-3586
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-K
<SEQUENCE>1
<DESCRIPTION>NOTIFICATION OF LATE FILING
<TEXT>

<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                                                Commission File Number: O-7885

                           NOTIFICATION OF LATE FILING

(Check One): [X] Form 10-K [] Form 11-K [] Form 20-F [] Form 10-Q [] Form N-SAR
             For Period Ended:   March 31, 1997

             [] Transition Report on Form 10-K []Transition Report on Form 10-Q
             [] Transition Report on Form 20-F []Transition Report on Form N-SAR
             [] Transition Report on Form 11-K
             For the Transition Period Ended:__________________________

     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:


                         Part I. REGISTRANT INFORMATION

     Full name of registrant: Universal Security Instruments, Inc.

     Former name if applicable _________________________________________________

     10324 South Dolfield Road
     Address of principal executive office (Street and number)

     Owings Mills, Maryland 21117
     City, State and Zip Code

                        Part II. RULE 12b-25 (b) and (c)

     If the subject  report could not be filed  without  unreasonable  effort or
expenses and the registrant seeks relief pursuant to Rule 12b-25,  the following
should be completed. (Check appropriate box).

     [X]  (a)  The reasons  described in  reasonable  detail in Part III of this
               form  could  not be  eliminated  without  unreasonable  effort or
               expense;


<PAGE>

     [X]  (b)  The subject annual report,  semi-annual report, transition report
               on Form 10-K, 20- F, 11-K or Form N-SAR,  or portion thereof will
               be filed  on or  before  the  15th  calendar  day  following  the
               prescribed  due  date;  or  the  subject   quarterly   report  or
               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

     [ ]  (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 Form 10-K,  11-K,
          20-F, 10-Q, N-SAR or the transition  report portion could not be filed
          within the prescribed time period. (Attached extra sheets if needed.)

The registrant owns a 50% interest in a Hong Kong joint venture operating in the
People's  Republic  of China (the  "Joint  Venture").  Pursuant  to Rule 3-09 of
Regulation S-X, the registrant is required to file separate,  audited  financial
statements  for the Joint  Venture in accordance  with United  States  generally
accepted accounting  principals (U.S. GAAP). Such financial  statements have not
yet been completed and reviewed in accordance with U.S.GAAP.

                           Part IV. OTHER INFORMATION

          (1) Name and  telephone  number of person to contact in regard to this
notification:

          Harvey B. Grossblatt                  410               363-3000
               (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 the answer is no,
identify report(s).            [X] Yes   [ ] No

          (3) Is it  anticipated  that any  significant  change  in  results  of
operation from the  corresponding  period for the last 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  applicable,  state the reason  why a  reasonable
estimate of the results cannot be made.

 UNIVERSAL SECURITY INSTRUMENTS,  INC. has caused this notification to be signed
on its behalf by the undersigned thereunto duly authorized.

Date: June 26, 1997                       By: /s/ Harvey B. Grossblatt
                                              Harvey B. Grossblatt
                                              President


C43810.198

                                      - 2 -
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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