MIRA
INFORM REPORT
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Report Date : |
03.09.2013 |
IDENTIFICATION DETAILS
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Name : |
BANKER CORPORATION LTD |
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Registered Office : |
Euro House, 1394 High Road, London, N20
9YZ |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.09.2011 |
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Com. Reg. No.: |
07759934 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is a global trader of
pharmaceutical intermediaries and raw materials, metals, electronic
consumables, and various other dry goods and commodities. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading
trading power and financial center, is the second largest economy in Europe
after Germany. Over the past two decades, the government has greatly reduced
public ownership and contained the growth of social welfare programs.
Agriculture is intensive, highly mechanized, and efficient by European
standards, producing about 60% of food needs with less than 2% of the labor
force. The UK has large coal, natural gas, and oil resources, but its oil and
natural gas reserves are declining and the UK became a net importer of energy
in 2005. Services, particularly banking, insurance, and business services,
account by far for the largest proportion of GDP while industry continues to
decline in importance. After emerging from recession in 1992, Britain's economy
enjoyed the longest period of expansion on record during which time growth
outpaced most of Western Europe. In 2008, however, the global financial crisis
hit the economy particularly hard, due to the importance of its financial
sector. Sharply declining home prices, high consumer debt, and the global
economic slowdown compounded Britain's economic problems, pushing the economy
into recession in the latter half of 2008 and prompting the then BROWN (Labour)
government to implement a number of measures to stimulate the economy and
stabilize the financial markets; these include nationalizing parts of the
banking system, temporarily cutting taxes, suspending public sector borrowing
rules, and moving forward public spending on capital projects. Facing
burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition
government (between Conservatives and Liberal Democrats) initiated a five-year
austerity program, which aimed to lower London's budget deficit from over 10%
of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the
Exchequer George OSBORNE announced additional austerity measures through 2017
because of slower-than-expected economic growth and the impact of the euro-zone
debt crisis. The CAMERON government raised the value added tax from 17.5% to
20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014.
The Bank of England (BoE) implemented an asset purchase program of up to £375
billion (approximately $605 billion) as of December 2012. During times of
economic crisis, the BoE coordinates interest rate moves with the European
Central Bank, but Britain remains outside the European Economic and Monetary
Union (EMU). In 2012, weak consumer spending and subdued business investment
weighed on the economy. GDP fell 0.1%, and the budget deficit remained
stubbornly high at 7.7% of GDP. Public debt continued to increase
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Source
: CIA |
Company name and address
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Banker Corporation Ltd |
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Employees: |
NA |
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Company Type: |
Private Subsidiary |
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Corporate
Family: |
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Ultimate Parent: |
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Quoted Status: |
Non-quoted Company |
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Incorporation
Date: |
02-Sep-2011 |
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Fiscal Year End:
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31-Dec-2011 |
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Reporting
Currency: |
British Pound
Sterling |
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Annual Sales: |
NA |
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Total Assets: |
1.1 |
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
4613 - Agents involved in the sale of timber and building
materials |
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NAICS 2012: |
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UK SIC 2007: |
4613 - Agents involved in the sale of timber and building
materials |
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US SIC 1987: |
Key Executives
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Registered No.(UK)
07759934
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593
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Corporate Structure News
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
London |
United Kingdom |
Holding Companies |
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Subsidiary |
London |
United Kingdom |
Miscellaneous Wholesale |
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Executives Report
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Directors
and Shareholders Report
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Main Office Address: |
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Annual Return Date: 02 Sep 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
27 Oct 1976 |
Euro House, 1394 High Road, |
02 Sep 2011 |
NA |
Current:1 |
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Current |
06 Apr 1956 |
Euro House, 1394 High Road, |
09 Nov 2011 |
NA |
Current:2 |
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Yomtov Eliezer |
Previous |
18 Oct 1970 |
Prospect House 389-391 Ainsworth Road, Radcliffe, |
02 Sep 2011 |
02 Sep 2011 |
Current:50 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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There are no individual secretaries for this company. |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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Rupin Banker |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
<0.01 |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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07864910 |
570000 Ordinary GBP 1.00 |
Ordinary |
570,000 |
1.00 |
570,000.00 |
100.00 |
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Annual Profit & Loss
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31-Dec-2011 |
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Filed Currency |
GBP |
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Exchange Rate |
0.643459 |
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Consolidated |
No |
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Land & Buildings |
0.0 |
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Fixtures & Fittings |
0.0 |
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Plant & Vehicles |
0.0 |
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Total Tangible Fixed Assets |
0.0 |
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Intangible Assets |
0.0 |
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Investments |
0.0 |
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Total Fixed Assets |
0.0 |
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Total Stocks Work In Progress |
0.2 |
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Total Debtors |
0.8 |
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Cash and Equivalents |
0.1 |
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Other Current Assets |
0.0 |
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Total Current Assets |
1.1 |
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Total Assets |
1.1 |
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Other Current Liabilities |
0.2 |
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Total Current Liabilities |
0.2 |
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Group Loans (Long Term Liability) |
0.0 |
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Director Loans (Long Term Liability) |
0.0 |
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Hire Purchase (Long Term Liability) |
0.0 |
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Leasing (Long Term Liability) |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
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Other Long Term Loans |
0.0 |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
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Other Long Term Liabilities |
0.0 |
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Total Long Term Liabilities |
0.0 |
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Deferred Taxation |
0.0 |
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Other Provisions |
0.0 |
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Total Provisions |
0.0 |
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Issued Capital |
0.9 |
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Share Premium Accounts |
0.0 |
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Revaluation Reserve |
0.0 |
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Retained Earnings |
0.0 |
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Other Reserves |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
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Total Shareholders Funds |
0.9 |
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Net Worth |
0.9 |
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Annual Ratios |
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Financials in: USD (mil) |
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31-Dec-2011 |
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Period Length |
17 Weeks |
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Filed Currency |
GBP |
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Exchange Rate |
0.643459 |
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Consolidated |
No |
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Current Ratio |
4.66 |
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Liquidity Ratio |
3.81 |
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Equity Gearing |
78.54% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.86 |
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1 |
Rs.102.50 |
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Euro |
1 |
Rs.87.05 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.