UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 0-5418
CUSIP NUMBER: 93163V 10 9
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR
[ ] Form N-CSR
For Period Ended: December 31, 2003
[ ] 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: Not applicable
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Walker Financial Corporation
Former Name if Applicable: Walker International Industries, Inc.
Address of Principal Executive Office:
370 Old Country Road - Suite 200, Garden City, New York 11530
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.
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, Form 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 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 Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR , N-CSR or the transition report or portion thereof, could not be filed
within the prescribed period.
The registrant recently discontinued the operations of a subsidiary and
sold certain of the subsidiary's assets. The work related to such
termination, and other matters relating to the commencement of operations
of another subsidiary, has required the registrant's executive officer and
employees to devote substantial effort and expense which otherwise would
have been devoted to the preparation and filing of the registrant's Annual
Report on Form 10-KSB for the year ended December 31, 2003. For such
reason, the subject Form 10-KSB could not be filed within the prescribed
period.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Mitchell S. Segal, President: (516) 746-4141; ext. 239
(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 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?
[X] Yes [ ] No
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 anticipates reporting a net loss of approximately $1.2
million on net sales of $1.7 million for the year ended December 31,
2003, compared to a net loss of $277,159 on net sales of $1,959,210 for
the year ended December 31, 2002.
Walker Financial Corporation Inc. has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.
Date: March 31, 2003 Walker Financial Corporation
By: /s/ Mitchell S. Segal
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Mitchell S. Segal, President
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