MIRA INFORM REPORT

Report Date :

24.10.2011

IDENTIFICATION DETAILS

Name :	DOWLET TRADING ENTERPRISES PTE LTD.

Registered Office :	300 Beach Road #13-03 Concourse, The Singapore 199555

Country :	Singapore

Date of Incorporation :	27.10.1984

Com. Reg. No.:	198403833H

Legal Form :	Limited Exempt Private Company

Line of Business :	Exports, Imports, Wholesaler, Dealer, Agents, Carriers & Distributors Of Timber Logs, Sawn Timbers, Plywood, Building Materials And Other Wood Products

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 50,000

Status :	Moderate

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Singapore

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

Contact Points

Company Name:	Dowlet Trading Enterprises Pte Ltd.
Supplied Name:	Dowlet Trading Enterprises Pte Ltd.
Trading Address:	300 Beach Road #13-03 Concourse, The Singapore 199555
Supplied Address:	G.P.O. Box 2228, Singapore 904228
Telephone Number:	+65 -6722-6633
Fax Number:	+65-6722-6636
E-mail:	dowlet@pacific.net.sg

Notes: The exact address is as above.

Credit Summary

Credit Rating:	Maximum credit USD 50,000
Credit Opinion:	Business connections are permissible

Company Identification Details

Registered Name:	Dowlet Trading Enterprises Pte Ltd.
Registered Address:	300 Beach Road #13-03 Concourse, The Singapore 199555
Date of Registration::	1984-10-27
Registered Number:	198403833H
Country of Incorporation:	Singapore
Registered Capital:	SGD 2,600,000 (USD 2,046,200) (As of 2011.10, 1 SGD = 0.787 USD)
Paid-up Capital:	SGD 2,600,000 (USD 2,046,200) = 2,600,000 Shares@1 SGD
Legal Form:	Limited Exempt Private Company
Principal Activities:	Exports, Imports, Wholesaler, Dealer, Agents, Carriers & Distributors Of Timber Logs, Sawn Timbers, Plywood, Building Materials And Other Wood Products
Staff:	More than 4 Employees
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2011-5-14

History

Subject was incorporated on 1984-10-27 with registered number 198403833H as Limited Exempt Private Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
Amir Hamza S/O Mansoor Sheriff	1,820,000	70%
^{Zainab Ghani}	^260,000	10%
Habib Anwar S/O Mansoor Sheriff	520,000	20%
Total	2,600,000	100%

Major Shareholder Information:

1
Name:	Amir Hamza S/O Mansoor Sheriff
Value:	SGD 1,820,000
ID Number:	S1736342E
Address:	83 Meyer Road #02-02 Meyer Park Singapore ⁴³⁷⁹¹⁰
Nationality:	Singapore Citizen
2
Name:	^{Zainab Ghani}
Value:	SGD^260,000
ID Number:	^S2063212G
Address:	^{5 Tanjong Rhu Road #06-02 Singapore 436882}
Nationality:	Singapore Citizen
3
Name:	Habib Anwar S/O Mansoor Sheriff
Value:	SGD 520,000
ID Number:	S7222898G
Address:	6 Peach Garden #17-06 Peach Garden Singapore ⁴³⁷⁶⁰⁶
Nationality:	Singapore Citizen

Subsidiaries & Branches

Offices:

Name:	Dowtim Wood Products Sdn. Bhd
Registered Address:	No. 20, 2nd Floor, Lorong Solemo 2,96000 Sibu Sarawak
Tel:	+84-322-786

Management Information

Core Management

Detailed Information of Management:

1
Name:	Amir Hamza S/O Mansoor Sheriff
Position:	Director
ID Number:	S1736342E
Address:	83 Meyer Road #02-02 Meyer Park Singapore 437910
Nationality:	Singapore Citizen
Date of Appointment:	1988-7-22
2
Name:	Zainab Ghani
Position:	Director
ID Number:	S2063212G
Address:	5 Tanjong Rhu Road #06-02 Singapore 436882
Nationality:	Singapore Citizen
Date of Appointment:	1984-10-27
3
Name:	Ibrahim Mustafa Shameem Kamal Mrs Shameem Amir
Position:	Secretary
ID Number:	S7073156H
Address:	83 Meyer Road #02-02 Meyer Park Singapore 437910
Nationality:	Singapore Citizen
Date of Appointment:	2009-4-6
4
Name:	Habib Anwar S/O Mansoor Sheriff
Position:	Director
ID Number:	S7222898G
Address:	6 Peach Garden #17-06 Peach Garden Singapore 437606
Date of Change of Address:
Nationality:	Singapore Citizen
Date of Appointment:	1998-9-25

Personnel Structure

Total Employees

More than 4 Employees

Operation Information

Offices & Factories

	Office
Address:	300 Beach Road #13-03 Concourse, The Singapore 199555

Purchase

l The subject purchases from Malaysia, Indonesia, PNG, China, India and other South East Asian countries.

Sales Information

l Its major buyers are importer based in South Asia, China, Middle East, Europe and South Africa.

Products:

Sawn Timber:	Dark Red Meranti, Light Meranti, Yellow Meranti etc
Round Logs:	Teak, Selangan Batu, Keruing, Gurjan, Pyinkado, Hnaw, Sagawa, Kapur, Pine, Kwila, Kempas etc..
Plywood:	All Types of Commercial Plywood of various Grades/sizes

Settlements

Purchase

Domestic Markets

Products	Payment Terms	Proportion
Wood Products	COD, etc	100%

Overseas Markets

Products	Payment Terms	Proportion
Wood Products	CBD, etc	100%

Sales

Domestic Markets

The subject seldom sells in domestic markets.

Overseas Markets

Product	Sales Terms	Proportion
Wood Products	CBD, etc	100%

Financial Information

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Singapore, subject did not submit the latest information to the local registry, and the only source from which we can obtain the information is the subject itself.

Subject’s staff declined to disclose it.

Bankers

Open Account Bank

Name:

DBS Bank

Auditors

Name:

B Sharma & Co

Public

Charges

Charge 1
Charge Number:	C200305877
Date of Registration:	2003-12-8
Name:	Oversea-Chinese Banking Corporation Limited
Amount Secured:	All Monies
Charge 2
Charge Number:	C200901334
Date of Registration:	2009-2-27
Name:	Dbs Bank Ltd.
Amount Secured:	All Monies

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.06
UK Pound	1	Rs.79.15
Euro	1	Rs.69.03

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.