MIRA INFORM REPORT

Report Date :

15.03.2008

IDENTIFICATION DETAILS

Name :	WOOD CRAFT INTERNATIONAL PTE. LTD.

Registered Office :	^{180 Cecil Street, #15-01, Bangkok Bank Building, Singapore – 069546}

Country :	Singapore

Date of Incorporation :	^06.03.2003

Com. Reg. No.:	^200302043E

Legal Form :	^{Exempt Pte Ltd}

Line of Business :	Timber Exporters and Importers

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

Subject Company

WOOD CRAFT INTERNATIONAL PTE. LTD.

Line Of Business

TIMBER EXPORTERS AND IMPORTERS

Parent Company

Financial Elements

Sales : -

Networth : -

Paid-Up Capital : S$2,000,000

Net result : -

Net Margin(%) : -

Return on Equity(%) : -

Leverage Ratio : -

COMPANY IDENTIFICATION

^{Subject Company : WOOD CRAFT INTERNATIONAL PTE. LTD.}

^{Former Name :
-}

^{Business Address : 180 CECIL STREET}

^#15-01

^{BANGKOK BANK BUILDING}

^{Town :
SINGAPORE}

^{Postcode :
069546}

^{County :
-}

^{Country :
Singapore}

^{Telephone :
6224 8696}

^{Fax :
6224 8697}

^{ROC Number :
200302043E}

^{Reg. Town :
-}

SUMMARY

^{All amounts in this report are in : SGD}

^{Legal Form :
Exempt Pte Ltd}

^{Date Inc. :
06/03/2003}

^{Previous Legal Form : Pte Ltd}

^{Summary year :
-}

^{Sales :
-}

^{Net Worth :
-}

^{Paid-Up Capital :
2,000,000}

^{Employees :
4}

^{Net Result :
-}

^{Auditor :
MGI MENON & ASSOCIATES}

REFERENCES

^{Litigation :
No}

^{Company status : TRADING}

^{Started :
06/03/2003}

PRINCIPAL(S)

^{MANAK CHAND MAHESWARI S2583525E Director}

DIRECTOR(S)

^{ARUMUGAM CHETTIAR MANICKAM S0537812E Company Secretary}

^{Appointed on :
06/03/2003}

^{Street :
184 STIRLING ROAD}

^#07-242

^{Town :
SINGAPORE}

^{Postcode :
140184}

^{Country :
Singapore}

^{SWARAN SINGH S1157721J Company Secretary}

^{Appointed on :
29/08/2003}

^{Street :
402 SIN MING AVENUE}

^#15-319

^{Town :
SINGAPORE}

^{Postcode :
570402}

^{Country :
Singapore}

^{MANAK CHAND MAHESWARI S2583525E Director}

^{Appointed on :
17/04/2003}

^{Street :
763A MOUNTBATTEN ROAD}

^{Town :
SINGAPORE}

^{Postcode :
437849}

^{Country :
Singapore}

^{MADHUBALA MAHESHWARI S2583526C Director}

^{Appointed on :
17/04/2003}

^{Street :
763A MOUNTBATTEN ROAD}

^{Town :
SINGAPORE}

^{Postcode :
437849}

^{Country :
Singapore}

^{SHAMBU PRASAD BIYANI V173808 Director}

^{Appointed on :
17/04/2003}

^{Street :
114A ARTHUR ROAD}

^#18-06

^{KATONG PARK
TOWER}

^{Town :
SINGAPORE}

^{Postcode :
439826}

^{Country :
Singapore}

^{AJAY KUMAR DHAR S2699761E Director}

^{Appointed on :
06/03/2003}

^{Street :
15 LEONIE HILL ROAD}

^#16-02

^{HORIZON TOWERS
EAST}

^{Town :
SINGAPORE}

^{Postcode :
239194}

^{Country :
Singapore}

^{TANU MERH S7182245A Director}

^{Appointed on :
06/03/2003}

^{Street :
15 LEONIE HILL ROAD}

^#16-02

^{HORIZON
TOWERS EAST}

^{Town :
SINGAPORE}

^{Postcode :
239194}

^{Country :
Singapore}

^{AUTAR KRISHEN DHAR A9950559 Director}

^{Appointed on :
06/03/2003}

^{Street :
9/1 R.N. MUKHERJEE ROAD}

^{Town :
KOLKATA}

^{Postcode :
700001}

^{Country :
India}

ACTIVITY (IES)

^{TIMBER - RETAIL Code:
21670}

^{COMMODITY TRADERS Code:
5010}

^{TIMBER - COMMISSION Code:
21640}

^{IMPORTERS And EXPORTERS Code:
11760}

^{BASED ON ACRA'S RECORD}

^{1) GENERAL WHOLESALE TRADE (INCLUDING GENERAL
IMPORTERS & EXPORTERS) TIMBER TRADING/PRODUCTRS, COMODITIES, PULSE/PAPER,}

CHARGES

^{Date :
21/04/2003}

^{Comments : CHARGE NO:
C200301752}

^{AMOUNT SECURED: 0.00 AND ALL MONIES OWING}

^{CHARGEE(S): THE HONG KONG & SHANGHAI
BANKING CORPORATION LTD}

PREMISES/PROPERTY INFORMATIONS

No Premises/Property Information In Our Databases

BANKERS

^{THE HONGKONG & SHANGHAI BANKING
CORPORATION LTD}

^{INDIAN OVERSEAS BANK}

SHAREHOLDERS(S)

^{MANAK CHAND MAHESWARI 701,840 Private Person}

^{Street :
763A MOUNTBATTEN ROAD}

^{Town :
SINGAPORE}

^{Postcode :
437849}

^{Country :
Singapore}

^{MADHUBALA MAHESHWARI 624,660 Private Person}

^{Street :
763A MOUNTBATTEN ROAD}

^{Town :
SINGAPORE}

^{Postcode :
437849}

^{Country :
Singapore}

^{SHAMBU PRASAD BIYANI 173,500 Private Person}

^{Street :
114A ARTHUR ROAD}

^#18-06

^{KATONG PARK TOWER}

^{Town :
SINGAPORE}

^{Postcode :
439826}

^{Country :
Singapore}

^{AJAY KUMAR DHAR 300,000
Private Person}

^{Street :
15 LEONIE HILL ROAD}

^#16-02

^{HORIZON TOWERS EAST}

^{Town :
SINGAPORE}

^{Postcode :
239194}

^{Country :
Singapore}

^{TANU MERH 200,000 Private Person}

^{Street :
15 LEONIE HILL ROAD}

^#16-02

^{HORIZON TOWERS EAST}

^{Town :
SINGAPORE}

^{Postcode :
239194}

^{Country :
Singapore}

SUBSIDIARY (IES)

No Participation In Our Database

PAYMENT HISTORY AND EXPERIENCES

^{Trade Morality :
AVERAGE}

^{Liquidity : UNKNOWN}

^{Payments : REGULAR}

^{Trend :
LEVEL}

^{Financial Situation : UNKNOWN}

LITIGATION(S)

No Litigation In Our Database

FINANCIAL COMMENTS

^{LIMITED EXEMPT
PRIVATE COMPANY}

^{WHERE THE SHARES OF A PRIVATE COMPANY ARE NOT
OWNED BY ANY CORPORATE BODY AND THERE ARE NO MORE THAN 20 MEMBERS, THE PRIVATE
COMPANY IS KNOWN AS AN EXEMPT PRIVATE COMPANY.}

^{AN EXEMPT PRIVATE COMPANY ENJOYS A GREATER
AMOUNT OF PRIVACY THAN A PRIVATE COMPANY. IT IS NOT REQUIRED TO FILE ACCOUNTS
WITH THE REGISTRAR IF IT CAN PRODUCE A CERTIFICATE SIGNED BY ONE OF ITS
DIRECTORS, SECRETARY AND AUDITOR CONFIRMING THE FOLLOWING POINTS:}

^{1. THE COMPANY IS AN EXEMPT PRIVATE COMPANY.}

^{2. THE AUDITED ACCOUNTS HAVE BEEN TABLED
BEFORE THE SHAREHOLDERS AT THE ANNUAL GENERAL MEETING.}

^{3. THE COMPANY IS ABLE TO MEET ITS
LIABILITIES.}

^{THERE IS THEREFORE NO DISCLOSURE TO THE
PUBLIC OF THE ACCOUNTS OF THE COMPANY ALTHOUGH THE ACCOUNTS STILL HAVE TO BE
AUDITED EVERY YEAR AND APPROVED AT AN ANNUAL GENERAL MEETING OF THE COMPANY.}

^{A PRIVATE COMPANY THAT IS WHOLLY OWNED BY THE
GOVERNMENT MAY BECOME AN EXEMPT PRIVATE COMPANY IF THE MINISTER FOR FINANCE, IN
THE NATIONAL INTEREST, DECLARES IT TO BE SUCH BY A GAZETTE NOTIFICATION.}

^{EXEMPT FROM AUDIT}

^{AN EXEMPT PRIVATE COMPANY IS EXEMPT FROM
AUDIT REQUIREMENTS IF THE STARTING DATE OF ITS FINANCIAL YEAR IS BETWEEN 15 MAY
2003 AND 31 MAY 2004 AND ITS TURNOVER FOR THAT FINANCIAL YEAR DOES NOT EXCEED
$2.5 MILLION. FOR FINANCIAL YEARS STARTING 1 JUNE 2004, THE AMOUNT OF THE
TURNOVER HAS BEEN RAISED TO $5 MILLION. THESE COMPANIES ARE STILL REQUIRED TO
MAINTAIN PROPER ACCOUNTING.}

^{* THE LATEST FINANCIAL STATEMENTS FILED IN BY
THE COMPANY AS AT YEAR ENDED 31/12/2005 ARE NOT AVAILABLE. AS SUCH, ADVERSE
CHECKS ON THE LOCAL DIRECTORS WILL BE CONDUCTED.}

BACKGROUND/OPERATION

^{THE COMPANY WAS INCORPORATED IN THE REPUBLIC
OF SINGAPORE ON 06/03/2003 AS A LIMITED EXEMPT PRIVATE COMPANY AND IS TRADING
UNDER ITS PRESENT NAMESTYLE AS "WOOD CRAFT INTERNATIONAL PTE. LTD.".}

^{SUBJECT HAS AN ISSUED AND PAID-UP CAPITAL OF
2,000,000 SHARES OF A VALUE OF S$2,000,000.}

^{PRINCIPAL ACTIVITIES:}

^{SUBJECT IS REGISTERED WITH THE ACCOUNTING
& CORPORATE REGULATORY AUTHORITY (ACRA) TO BE PRINCIPALLY ENGAGED IN THE
BUSINESS OF:}

^{1) GENERAL WHOLESALE TRADE (INCLUDING GENERAL
IMPORTERS & EXPORTERS)}

^{TIMBER TRADING/PRODUCTRS, COMODITIES, PULSE/PAPER, INDENTING/COMMISSION
AGENTS}

^{FROM THE RESEARCH CONDUCTED, THE FOLLOWING
INFORMATION WAS GATHERED:}

^{SUBJECT IS LISTED IN THE SINGAPORE LOCAL
DIRECTORY UNDER THE CLASSIFICATION OF: TIMBER EXPORTERS AND IMPORTERS.}

^{SUBJECT ENGAGES IN THE FOLLOWING ACTIVITIES:}

^{* IMPORT AND EXPORT OF TIMERS}

^PURCHASES:

^{* IMPORTS (%): 100}

^{* TERMS OF IMPORT: 30 DAYS TERMS, ETC}

^{* IMPORT COUNTRIES: MALAYSIA AND BURMA MAINLY}

^MARKETS:

^{* LOCAL (%): 0}

^{* TERMS SALES: -}

^{* EXPORT(%): 100}

^{* TERMS OF EXPORT: 30 DAYS TERMS, ETC}

^{* EXPORT COUNTRIES: INDIA MAINLY}

^{NO. OF EMPLOYEES :}

^{* COMPANY - 2006: AROUND 4}

^{NO OTHER TRADE INFORMATION WAS MADE AVAILABLE
AS A TELE-INTERVIEW WAS DENIED BY SUBJECT'S PERSONNEL.}

^{REGISTERED OFFICE AND BUSINESS ADDRESS:}

^{180 CECIL STREET}

^#15-01

^{BANGKOK BANK BUILDING}

^{SINGAPORE 069546}

^{DATE OF CHANGE OF ADDRESS: 27/12/2004}

^{-- RENTED PREMISE}

^{-- PREMISE OWNED BY: BANGKOK BANK PUBLIC
COMPANY LIMITED}

^WEBSITE:

^{* NIL}

^EMAIL:

^{* wipl@mail.com}

MANAGEMENT

^{THE DIRECTORS AT THE TIME OF THIS REPORT ARE:}

^{1) AUTAR KRISHEN DHAR, AN INDIAN}

^{- BASED IN INDIA}

^{2) MANAK CHAND MAHESWARI, A SINGAPOREAN}

^{- HOLDS OTHER DIRECTORSHIPS AS RECORDED IN
OUR DATABASE}

^{ROYAL GLOBAL EXPORTS PTE LTD}

^{PAN CENTURY GLOBAL EXPORTS PTE LTD}

^{3) MADHUBALA MAHESHWARI, A SINGAPORE PERMANENT
RESIDENT}

^{- HOLDS NO OTHER DIRECTORSHIP AS RECORDED IN
OUR DATABASE}

^{4) SHAMBU PRASAD BIYANI, A SINGAPOREAN}

^{- HOLDS NO OTHER DIRECTORSHIP AS RECORDED IN
OUR DATABASE}

^{5) AJAY KUMAR DHAR, A SINGAPORE PERMANENT
RESIDENT}

^{- HOLDS NO OTHER DIRECTORSHIP AS RECORDED IN
OUR DATABASE}

^{6) TANU MERH, A SINGAPORE PERMANENT RESIDENT}

^{- HOLDS NO OTHER DIRECTORSHIP AS RECORDED IN
OUR DATABASE}

ADVERSE ON DIRECTORS

^{DIRECTOR'S NAME: MANAK CHAND MAHESWARI}