MIRA INFORM REPORT

 

 

Report Date :

20.10.2014

 

IDENTIFICATION DETAILS

 

Name :

BANKER CORPORATION LTD

 

 

Registered Office :

Euro House 1394 High Road London N20 9YZ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

02.09.2011

 

 

Com. Reg. No.:

07759934

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Import and export of a variety of items, mainly consisting of Pharmaceutical intermediates, steel products and electonics

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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 third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

 

Source : CIA

Company name and address

 

Company Name:           BANKER CORPORATION LTD

 

Company No:                07759934

 

Company Status:          Active - Accounts Filed

 

 

Company summary

 

Registered Address

EURO HOUSE
1394 HIGH ROAD
LONDON
N20 9YZ

Trading Address

Euro House
1394 High Road
London
N20 9YZ

Website Address          http://www.bankercorp.co.uk

FPS                              No

Incorporation Date       02/09/2011

Type                             Private limited with Share Capital

Filing Date of Accounts  20/06/2014

Currency                      GBP

Share Capital               £570,001

SIC07                           46190

SIC07 Description        AGENTS INVOLVED IN THE SALE OF A VARIETY OF GOODS

Principal Activity

Import and export of a variety of items, mainly consisting of Pharmaceutical intermediates, steel products and electonics.

 

 

Commentary

 

No exact match CCJs are recorded against the company.

Sales in the latest trading period decreased 41.5% on the previous trading period.

Net Worth increased by 24.8% during the latest trading period.

 

A 25.6% growth in Total Assets occurred during the latest trading period.

Pre-tax profits decreased by 14.1% compared to the previous trading period.

The company saw an increase in their Cash Balance of 259.5% during the latest trading period.

The audit report contains no adverse comments.

The company has undergone recent changes in its directorships.

The company is part of a group.

The company has changed its registered address recently.

The company was established over 3 years ago.

 

Show more

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

-

 

 

Back to Tophttp://app.creditsafeuk.com/CSUKlive/Images/Up.jpg

Payment Information

 

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

Enquiries Trend

There have been 39 enquiries in the last 12 months.

There are an average of 3 reports taken each month.

 

3 MONTHS

6 MONTHS

9 MONTHS

Enquiries

5

28

34

Created with Highcharts 4.0.4528343 months6 months9 months0510152025303540

Show more

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

2

 

 

Current Directors

 

Name

Rupin Hemant Banker

Date of Birth

27/10/1976

Officers Title

Mr

Nationality

Indian

Present Appointments

1

Function

Director

Appointment Date

02/09/2011

Address

Euro House, 1394 High Road, London, N20 9YZ

Other Actions

View Director Report

View Consumer Report

View AML Report

View Trace Report

Disqualified

Disqualified End Date

Disqualification Exception

No

 

Name

Meenakshi Rupin Banker

Date of Birth

20/08/1975

Officers Title

Mrs

Nationality

Indian

Present Appointments

1

Function

Director

Appointment Date

07/07/2014

Address

2801 A Wing 28th Floor Raheja Atlantis, G K Marg Worli, Mumbai 400013, India

Other Actions

View Director Report

View Consumer Report

View AML Report

View Trace Report

Disqualified

Disqualified End Date

Disqualification Exception

No

 

 

Current Company Secretary

 

Name

Rupin Hemant Banker

Date of Birth

-

Officers Title

Mr

Nationality

Present Appointments

1

Function

Company Secretary

Appointment Date

28/02/2014

Address

Euro House, 1394 High Road, London, N20 9YZ

Other Actions

View Consumer Report

View Trace Report

Disqualified

Disqualified End Date

Disqualification Exception

No

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

BANKER HOLDINGS LTD

GBP

570,000

ORDINARY

1

100

RUPIN BANKER

GBP

1

ORDINARY

1

0

 

 

Profit & Loss

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

-

(%)

-

Weeks

52

(%)

52

(%)

52

(%)

-

(%)

-

Currency

GBP

(%)

GBP

(%)

GBP

(%)

-

(%)

-

Consolidated A/cs

N

(%)

N

(%)

N

(%)

-

(%)

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Turnover

£26,999,426

-41.5%

£46,189,836

999.9%

£1,252,733

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Export

£26,999,426

-41.5%

£46,189,836

999.9%

£1,252,733

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Cost of Sales

£26,572,858

-42%

£45,784,738

999.9%

£1,234,812

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Gross Profit

£426,568

5.3%

£405,098

999.9%

£17,921

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Wages & Salaries

£60,290

73.1%

£34,826

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Directors Emoluments

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Operating Profit

£253,002

-13.9%

£293,793

999.9%

£2,160

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Depreciation

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Audit Fees

£10,000

-

£10,000

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Interest Payments

£510

999.9%

£1

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Pre Tax Profit

£252,492

-14.1%

£293,792

999.9%

£2,160

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Taxation

-£56,052

22.1%

-£71,964

-999.9%

-£2,967

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Profit After Tax

£196,440

-11.4%

£221,828

999.9%

-£807

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Dividends Payable

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Retained Profit

£196,440

-11.4%

£221,828

999.9%

-£807

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

-

(%)

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Tangible Assets

£344

-29.1%

£485

-

0

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Intangible Assets

0

-

0

-

0

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Fixed Assets

£344

-29.1%

£485

-

0

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Stock

£1,184,292

777.8%

£134,923

2.6%

£131,477

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Trade Debtors

£9,696,851

10.5%

£8,771,520

999.9%

£537,439

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Cash

£740,706

259.5%

£206,060

280.2%

£54,192

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Debtors

£151,304

-41.4%

£258,297

136%

£109,426

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Miscellaneous Current Assets

0

-

0

-

0

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Current Assets

£11,773,153

25.6%

£9,370,800

999.9%

£832,534

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Trade Creditors

£10,656,287

29.6%

£8,219,424

999.9%

£254,929

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Bank Loans & Overdrafts

0

-

0

-

0

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Short Term Finance

0

-100%

£5,422

157%

£2,110

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Miscellaneous Current Liabilities

£129,678

-63.5%

£355,305

999.9%

£6,301

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Current Liabilities

£10,785,965

25.7%

£8,580,151

999.9%

£263,340

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Bank Loans & Overdrafts and LTL

£69

-38.4%

£112

-

0

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Long Term Finance

0

-

0

-

0

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Long Term Liabilities

£69

-38.4%

£112

-

0

-

-

-

-

.

 

Capital & Reserves

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

-

(%)

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Called Up Share Capital

£570,001

-

£570,001

-

£570,001

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

P & L Account Reserve

£417,462

88.9%

£221,021

999.9%

-£807

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Sundry Reserves

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Shareholder Funds

£987,463

24.8%

£791,022

39%

£569,194

-

-

-

-

 

 

Other Financial Items

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

-

(%)

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Worth

£987,463

24.8%

£791,022

39%

£569,194

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Working Capital

£987,188

24.9%

£790,649

38.9%

£569,194

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Assets

£11,773,497

25.6%

£9,371,285

999.9%

£832,534

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Liabilities

£10,786,034

25.7%

£8,580,263

999.9%

£263,340

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Assets

£987,463

24.8%

£791,022

39%

£569,194

-

-

-

-

 

 

Cash Flow

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

-

(%)

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Cashflow from Operations

-

-

£155,559

130.2%

-£515,809

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Cashflow before Financing

-

-100%

£170,779

131.6%

-£540,857

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Cashflow from Financing

-

-

-

-100%

£570,001

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Increase in Cash

-

-

£170,779

486%

£29,144

-

-

-

-

 

 

Miscellaneous

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

-

(%)

-

Contingent Liability

NO

-

NO

-

NO

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Capital Employed

£987,532

24.8%

£791,134

39%

£569,194

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Number of Employees

3

-25%

4

100%

2

-

-

-

-

Auditors

MHA MACINTYRE HUDSON

Auditor Comments

The audit report contains no adverse comments

Bankers

Bank Branch Code

 

Ratios

Date Of Accounts

31/12/13

31/12/12

31/12/11

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Pre-tax profit margin %

0.94

0.64

0.17

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Current ratio

1.09

1.09

3.16

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Sales/Net Working Capital

27.35

58.42

2.20

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Gearing %

0

0

0

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Equity in %

8.40

8.40

68.40

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Creditor Days

143.66

64.77

74.07

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Debtor Days

130.73

69.12

156.16

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Liquidity/Acid Test

0.98

1.07

2.66

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Return On Capital Employed %

25.56

37.13

0.37

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Return On Total Assets Employed %

2.14

3.13

0.25

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Current Debt Ratio

10.92

10.84

0.46

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Debt Ratio

10.92

10.84

0.46

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Stock Turnover Ratio %

4.38

0.29

10.49

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Return on Net Assets Employed %

25.56

37.14

0.37

-

-

 

Status History

No Status History found

 

 

Event History

Date

Description

13/10/2014

Ms S.V. Mody has left the board

13/10/2014

New Board Member Mrs M.R. Banker appointed

01/07/2014

New Accounts Filed

01/07/2014

New Accounts Filed

30/04/2014

New Company Secretary Mr R.H. Banker appointed

18/02/2014

New Accounts Filed

18/02/2014

New Accounts Filed

09/12/2013

Annual Returns

18/04/2013

Change in Reg.Office

18/04/2013

Change of Company Postcode

21/12/2012

New Accounts Filed

11/09/2012

Annual Returns

20/12/2011

New Board Member Ms S.V. Mody appointed

08/12/2011

New Board Member Ms S.V. Mody appointed

21/09/2011

New Board Member Mr R.H. Banker appointed

 

Previous Company Names

No Previous Names found

 

Statistics

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

Holding Company

BANKER HOLDINGS LTD

Ownership Status

Wholly Owned

Ultimate Holding Company

BANKER HOLDINGS LTD

 

Group structure

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

BANKER HOLDINGS LTD

 

07864910

31.12.2013

Y

£28,835,190

BANKER CORPORATION LTD

 

07759934

31.12.2013

N

£26,999,426



Statistics

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

08/07/14

Date Charge Registered:

10/07/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

MARKETINVOICE LIMITED (IN ITS OWN CAPACITY AND AS SECURITY TRUSTEE FOR VARIOUS INVESTOR MEMBERS;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

 

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Yomtov Eliezer Jacobs

36

27053

Smita Vipin Mody

2

2

 

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.62

UK Pound

1

Rs.99.12

Euro

1

Rs.78.89

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

NIS

 

               

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.