MIRA INFORM REPORT

Report Date :

03.12.2012

IDENTIFICATION DETAILS

Name :	GOODWOOD TRADING PTE LTD

Registered Office :	49 Bussorah Street, Singapore 199465

Country :	Singapore

Date of Incorporation :	29.05.1996

Com. Reg. No.:	199603899D

Legal Form :	Exempt Limited Private Company

Line of Business :	Wholesale of Logs, Sawn Timber, Plywood and Related Products (Including General Importers and Exporters)

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

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

SINGAPORE - ECONOMIC OVERVIEW

Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. Real GDP growth averaged 8.6% between 2004 and 2007. The economy contracted 1.0% in 2009 as a result of the global financial crisis, but rebounded 14.8% in 2010 and 4.9% in 2011, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity, which has sunk to a compound annual growth rate of just 1.8% in the last decade. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

Source : CIA

Contact Points

Company Name:	Goodwood Trading Pte Ltd
Supplied Name:	Goodwood Trading Pte Ltd.
Trading Address:	49 Bussorah Street, Singapore 199465
Supplied Address:	49 Bussorah Street Singapore 199465
Telephone Number:	+65-63981475/62937914
Fax Number:	+65-63981455/62915913

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	Goodwood Trading Pte Ltd
Registered Address:	49 Bussorah Street, Singapore 199465
Date of Registration::	1996-5-29
Registered Number:	199603899D
Country of Incorporation:	Singapore
Registered Capital:	SGD 500,000.00 (USD 390,150.00) (As of 2012.03, 1 SGD = 0.7803 USD)
Paid-up Capital:	SGD 500,000.00 (USD 390,150.00)= 500,000 Shares@1 SGD
Legal Form:	Exempt Limited Private Company
Principal Activities:	Wholesale of Logs, Sawn Timber, Plywood and Related Products (Including General Importers and Exporters)
Staff:	N/A
Status:	Live Company
Listed at Stock Exchange:	No
Date of Last Annual Return:	2012-1-30

Notes:

Subject declined to introduce its staff number.

History

Subject was incorporated on 1996-5-29 with registered number 199603899D as Exempt Limited Private Company in Singapore.

Shareholders

Name	Subscription Shares	Proportion of Investment (%)
Leppachi Abdul Wahab Barakathali Maideen	300,000	60%
Mubaraknisa D/O V M Abdul Kudus	200,000	40%
Total	500,000	100%

Major Shareholder Information:

1
Name:	Leppachi Abdul Wahab Barakathali Maideen
ID Number:	S1311200B
Address:	1 Beach Road #14-4771 Singapore 190001
Nationality:	Singapore Citizen
2
Name:	Mubaraknisa D/O V M Abdul Kudus
ID Number:	S1764468H
Address:	1 Beach Road #14-4771 Singapore 190001
Nationality:	Singapore Citizen

Subsidiaries & Branches

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Management Information

Core Management

Detailed Information of Management:

1
Name:	Leppachi Abdul Wahab Barakathali Maideen
Position:	Director
ID Number:	S1311200B
Address:	1 Beach Road #14-4771 Singapore 190001
Nationality:	Singapore Citizen
Date of Appointment:	1996-5-29
2
Name:	Mubaraknisa D/O V M Abdul Kudus
Position:	Director
ID Number:	S1764468H
Address:	1 Beach Road #14-4771 Singapore 190001
Nationality:	Singapore Citizen
Date of Appointment:	1996-5-29

Operation Information

Offices & Factories

	Office
Address:	49 Bussorah Street, Singapore 199465

Purchase

l Subject purchases wood products.

l Subject mainly purchases from foreign markets.

l Subject imports from China, Taiwan, etc.

Sales Information

l Subject is mainly engaged in sales of wood products, etc.

l Subject’s products include teak, logs, sawn timber, plywood, other hardwood logs, various types of sawn timbers, garden furniture and floorings, etc.

l Subject has both domestic and foreign markets.

l Subject exports many countries according to customers’ orders.

Settlements

Purchase

Domestic Markets

Notes: Subject seldom purchase from domestic markets.

Overseas Markets

Products	Payment Terms	Proportion
Wood products, etc.	CBD, etc.	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Wood products, etc.	COD, etc.	100%

Overseas Markets

Product	Sales Terms	Proportion
Wood products, etc.	CBD, etc.	100%

Financial Information

In Singapore, Limited Exempt Private Companies are not obligated to submit their financial statements to the local registry.

The subject also declined to disclose such information due to the confidentiality reason. And we could not obtain that from any other sources.

Auditors

Name:

R. ASHRAFF ALI & CO

Public

Charges

Charge Number:	C200304614
Date of Registration:	2003-9-26
Name:	Indian Overseas Bank
Amount Secured:	All Monies

Interview Details

Name:

Jawhar

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.52
UK Pound	1	Rs.87.48
Euro	1	Rs.70.89

INFORMATION DETAILS

Report Prepared by :

SDA

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%)

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