MIRA INFORM REPORT

Report Date :

17.06.2011

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 :	Limited Exempt Private Company

Line of Business :	Import and export trade in Timber and Plywood-100% Gurjan PLywood, Burma Teak plywood

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 15,000
Status :	Small Company
Payment Behaviour :	No Complaints
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 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Singapore

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

Bottom of Form

Contact Points

Company Name:	Wood Craft International Pte. Ltd.
Supplied Name:	Wood Craft International Pte Ltd.
Trading Address:	180 Cecil Street Bangkok Bank Building #15-01 Singapore 0695 Singapore
Supplied Address:	180 Cecil Street Bangkok Bank Building #15-01 Singapore 0695 Singapore
Telephone Number:	+65-62248693 (3 lines)
Fax Number:	+65-62248697

Credit Summary

Credit Rating:	Maximum credit USD 15,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Wood Craft International Pte. Ltd.
Registered Address:	180 Cecil Street #15-01 Bangkok Bank Building Singapore 069546
Date of Registration::	2003-3-6
Registered Number:	200302043E
Country of Incorporation:	Singapore
Registered Capital:	SGD 2,000,000 (USD 1,615,000) (As of 2011.06, 1 SGD = 0.8075 USD)
Paid-up Capital:	SGD 2,000,000 (USD 1,615,000) = 2,000,000 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	Import and export trade in Timber and Plywood-100% Gurjan PLywood, Burma Teak plywood.
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2010-10-14

Notes: Information on Staff is not obtained from the subject and other sources.

History

Subject was incorporated on 2003-3-6 with registered number 200302043E as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Manak Chand Maheshwari	701,840	35.092%
Madhubala Maheshwari	624,660	31.233%
Shambhu Prasad Biyani	173,500	8.675%
Ajay Kumar Dhar	300,000	15%
Tanu Merh	200,000	10%
Total	2,000,000	100%

Major Shareholder Information:

1
Name:	Manak Chand Maheshwari
ID Number:	S2583525E
Address:	763A Mountbatten Road Singapore 437849
2
Name:	Madhubala Maheshwari
ID Number:	S2583526C
Address:	763A Mountbatten Road Singapore 437849
3
Name:	Shambhu Prasad Biyani
ID Number:	S2670761G
Address:	114A Arthur Road #18-06 Katong Park Tower Singapore 439826
4
Name:	Ajay Kumar Dhar
ID Number:	S2699761E
Address:	55 Merryn Road Dunearn Estate Singapore 298503
5
Name:	Tanu Merh
ID Number:	S7182245A
Address:	55 Merryn Road Dunearn Estate Singapore 298503

Manage Information

Core Management

Detailed Information of Management:

1
Name:	Autar Krishen Dhar
Position:	Director
ID Number:	A9950559
Address:	9/1 R.N. Mukherjee Road Kolkata 700001
Nationality:	Indian
Date of Appointment:	2003-3-6
2
Name:	Arumugam Chettiar Manickam
Position:	Secretary
ID Number:	S0537812E
Address:	184 Stirling Road #07-242 Singapore 140184
Nationality:	Singapore Citizen
Date of Appointment:	2003-3-6
3
Name:	Swaran Singh
Position:	Secretary
ID Number:	S1157721J
Address:	402 Sin Ming Avenue #15-319 Singapore 570402
Nationality:	Singapore Citizen
Date of Appointment:	2003-8-29
4
Name:	Manak Chand Maheshwari
Position:	Director
ID Number:	S2583525E
Address:	763A Mountbatten Road Singapore 437849
Nationality:	Singapore Citizen
Date of Appointment:	2003-4-17
5
Name:	Madhubala Maheshwari
Position:	Director
ID Number:	S2583526C
Address:	763A Mountbatten Road Singapore 437849
Nationality:	Singapore Citizen
Date of Appointment:	2003-4-17
6
Name:	Shambhu Prasad Biyani
Position:	Director
ID Number:	S2670761G
Address:	114A Arthur Road #18-06 Katong Park Tower Singapore 439826
Nationality:	Singapore Citizen
Date of Appointment:	2003-4-17
7
Name:	Ajay Kumar Dhar
Position:	Director
ID Number:	S2699761E
Address:	55 Merryn Road Dunearn Estate Singapore 298503
Nationality:	Singapore Citizen
Date of Appointment:	2003-3-6
8
Name:	Tanu Merh
Position:	Director
ID Number:	S7182245A
Address:	55 Merryn Road Dunearn Estate Singapore 298503
Nationality:	Singapore P.R.
Date of Appointment:	2003-3-6

Operation Information

Offices & Factories

Office Address:	180 Cecil Street Bangkok Bank Building #15-01 Singapore 0695 Singapore
Factory Address:	Indonesia

Notes: It is said that subject has a factory in Indonesia, details is not obtained.

Production Information

l Subject is a trading company and does not have factories in Singapore.

Purchase

Products:	Timbers, logs and allied products like plywood, MDF etc.
Import from:	Indonisia, Vietnam, Malaysia, Burma, etc.

l The subject seldom purchases from domestic markets.

Sales Information

l The subject is engaged in import and export trade in Timber and Plywood-100% Gurjan PLywood, Burma Teak plywood.

l The subject only exports.

Selling Territory:	100% foreign market.
Export to:	India, Hong Kong (China).

Settlements

Purchase

Subject does not purchase locally.

Overseas Markets

Products	Payment Terms	Proportion
Timber, Plywood	L/C	100%

Sales

Subject does not sell locally.

Overseas Markets

Product	Sales Terms	Proportion
Timber, Plywood, Decking	L/C at sight	100%

Financial Information

Subject refused to reveal financial information.

Financial Information is not obtained from the subject and other sources.

Public

Charges

Charge Number:	C200803169
Date of Registration:	2008-4-4
Name:	Citibank N.A.
Amount Secured:	All Monies

Interview Details

Name:	Mr. J. B.
Position:	Marketing Manager
Telephone Number:	+65-62-248696

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.90
UK Pound	1	Rs.72.54
Euro	1	Rs.63.39

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.