MIRA INFORM REPORT

Report Date :

11.01.2014

IDENTIFICATION DETAILS

Name :	BANKER CORPORATION LTD
Registered Office :	Euro House 1394 High Road London N20 9YZ
Country :	United Kingdom
Financials (as on) :	31.12.2011
Date of Incorporation :	02.09.2011
Com. Reg. No.:	07759934
Legal Form :	Private limited with Share Capital
Line of Business :	Trader of pharmaceutical intermediaries and raw materials metals electronic consumables
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
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 – September 30, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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

Source : CIA

company name and address

BANKER CORPORATION LTD		Telephone	02034026064
EURO HOUSE		Fax	-
1394 HIGH ROAD		Website	www.bankercorp.co.uk
LONDON
N20 9YZ
United Kingdom
Company Number: Foundation:	07759934 02/09/2011	Status: Vat nO	Financial Statements too old N/A

Legal form

Private limited with Share Capital

Foundation

02/09/2011

Company No.

07759934

Shareholders

Name Currency Number of shares Share type Nominal value

BANKER HOLDINGS LTD GBP 570,000 ORDINARY 1

RUPIN BANKER GBP 1 ORDINARY 1

Total Share Capital GBP 570,001

Management

Directors

Name Address: Date of birth Nationality Appointment date

Ms Smita Vipin Mody Euro House,

1394 High Road,

London

N20 9YZ 04/06/1956 Indian 11/09/2011

Mr Rupin Hemant Banker Euro House,

1394 High Road,

London

N20 9YZ 10/03/1978 Indian 09/02/2011

Other Known Addresses

133 Houndsditch, London EC3A 7BX

Euro House, 1394 High Road, London N20 9YZ

Business activities

Main activity

SIC03 Agents in sale of variety of goods

SIC07 Agents involved in the sale of a variety of goods

Turnover and Employees

Date of Accounts Turnover Employees

31/12/2011 Not Stated Not Stated

Supplementary data

Events

Date	Action
21/09/2011	New Board Member Mr R.H. Banker appointed
08/12/2011	New Board Member Ms S.V. Mody appointed
20/12/2011	New Board Member Ms S.V. Mody appointed
11/09/2012	Annual Returns
21/12/2012	New Accounts Filed
18/04/2013	Change in Reg.Office
18/04/2013	Change of Company Postcode
09/12/2013	Annual Returns

County Court Judgments (CCJs)

There are no County Court Judgments listed against this company

Accounts

Profit & Loss

31/12/2011

52

GBP

Group: No

Turnover 0

- -

Export -

-

Cost of Sales -

--

Gross Profit -

-

Wages And Salaries - 0

31/12/2011

52

GBP

Group: No

Directors Emoluments –

-

Operating Profit -

- -

Depreciation 0

-

Audit Fees 0

- -

Interests Payments -

- -

Pre Tax Profit 0

-

Taxation -

- -

Profit After Tax -

- -

Dividends Payable -

- -

Retained Profit -

-

Balance sheet

	31/12/2011 52 GBP Group: No
Tangible Assets	0
Intangible Assets	0
Total Fixed Assets	0
Stock	131,477
- -
Trade Debtors	539,074
- -
Cash	54,192
- -
Other Debtors	0
Miscellaneous Current Assets	0
Total Current Assets	724,743
- -
Trade Creditors	155,549

	31/12/2011 52 GBP Group: No
Bank Loans and Overdraft	0
-	-
Other Short Term Finance	0
Miscellaneous Current Liabilities	0
Total Current Liabilities	155,549
Bank Loans and Overdrafts LTL	0
-	-
Other Long Term Finance	0
Total Long Term Liabilities	0
-	-

Capital & Reserves

	31/12/2011 52 GBP Group: No
Called Up Share Capital	570,001
- -
P and L Account Reserve	0
Revaluation Reserve	-807
- -
Sundry Reserves	0
Shareholders Funds	569,194
- -

Other Financial Items

	31/12/2011 52 GBP Group: No
Working Capital	569,194
Total Assets	724,743

Total Liabilities	155,549
Net Assets	569,194
-	-

Cash Flow

	31/12/2011 52 GBP Group: No
Net Cash Flow from Operations	0
Net Cash Flow before Financing	0
- -
Net Cash Flow from Financing	0
Increase in Cash	0

Miscellaneous

	31/12/2011 52 GBP Group: No
Capital Employed	569.194
--	--

Financial Ratios

	31/12/2011 52 GBP Group: No
Pre Tax Profit Margin	0.0%
Current Ration	4.66
Sales or Net Working Capital	0.00
Gearing	0.00 %
Equity	78.54 %
Creditor Days	0.00
Debtor Days	0.00
Liquidity or Acid test	3.81
Return on Capital Employed	0.0%
Return on Total Assets Employed	0.0%
Current Debt Ratio	0.27 %

	31/12/2011 52 GBP Group: No
Name	31/12/2011
Total Debt Ratio	0.27 %
Stock Turnover Ratio	0.0%
Return on Net Assets Employed	0.0%

REMARKS

The company has not been possible to contact, the telephone is not answered and their internet site has been suspended. The financial statement for the year ended December 2012 remains overdue as from the 30 September 2013. The address given are served office accommodation ( Accommodation Listing )

Activity - trader of pharmaceutical intermediaries and raw materials metals electronic consumables

Trading address ( not confirmed ) 133 Houndsditch London EC4A 7AH

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.94
UK Pound	1	Rs.102.06
Euro	1	Rs.84.31

INFORMATION DETAILS

Report Prepared by :

SDA

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.