MIRA INFORM REPORT

Report Date :

21.03.2012


Tel. No.:	65 68444708

IDENTIFICATION DETAILS

Name :	MCWOOD PRIVATE LTD.

Registered Office :	37 Kallang Pudding Road #03-04 Tong Lee Building Block B Singapore 349315

Country :	Singapore

Date of Incorporation :	30.12.2005

Com. Reg. No.:	200518064E

Legal Form :	Private Limited Exempt Company

Line of Business :	Manufacture and trade of solid teak doors

No. of Employees :	About 50 Employees

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 10,000
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^th, 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:	MCWOOD PRIVATE LTD.
Supplied Name:	MCWOOD PRIVATE LTD.
Trading Address:	37 Kallang Pudding Road #03-04 Tong Lee Building Block B Singapore 349315
Supplied Address:	37 Kallang Puding Road, Tong Lee Building #03-04 Block B, Singapore 349315
Telephone Number:	+65-68444708
Fax Number:	+65-64916599
Mobile Number:	+65-93835004
E-mail:	Mcwood2006@gmail.com

Credit Summary

Credit Rating:	Maximum credit USD 10,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	MCWOOD PRIVATE LTD.
Registered Address:	37 Kallang Pudding Road #03-04 Tong Lee Building Block B Singapore 349315
Date of Registration::	2005-12-30
Registered Number:	200518064E
Country of Incorporation:	Singapore
Registered Capital:	SGD 722,465.00 (USD 574,493) (As of 2012.3, 1 SGD = 0.79518 USD)
Paid-up Capital:	SGD 722,465.00 (USD 574,493) = 722,465 Shares@1 SGD
Legal Form:	Private Limited Exempt Company
Principal Activities:	Manufacture and trade of solid teak doors and so on.
Staff:	About 50 Employees
Status:	Live Company
Listed at Stock Exchange:	No.
Date of Last Annual Return:	2012-1-17

History

Subject was incorporated on 2005-12-30 with registered number 200518064E as Private Limited Exempt Company in Singapore.

Shareholders

Unit: SGD

Name	Subscription Amount	Proportion of Investment (%)
ANNAMALAINADAR THALAMUTHU	216,740	30%
PALANIRAJAN RAJARAJAN	505,725	70%
Total	722,465	100%

Major Shareholder Information:

1
Name:	ANNAMALAINADAR THALAMUTHU
ID Number:	S6978645F
Address:	404 SERANGOON AVENUE 1 #05-39 Singapore 550404
Nationality:	Singapore P.R.
2
Name:	PALANIRAJAN RAJARAJAN
ID Number:	S7483719J
Address:	334 SERANGOON AVENUE 3 #07-295 Singapore 550334
Nationality:	Singapore P.R.

Subsidiaries & Branches

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

Manage Information

Core Management

Detailed Information of Management:

1
Name:	ANNAMALAINADAR THALAMUTHU
Position:	Director
ID Number:	S6978645F
Address:	404 Serangoon Avenue 1 #05-39 Singapore 550404
Nationality:	Singapore P.R.
Date of Appointment:	2005-12-30
2
Name:	ANNAMALAINADAR THALAMUTHU
Position:	Secretary
ID Number:	S6978645F
Address:	404 SERANGOON AVENUE 1 #05-39 Singapore 550404
Nationality:	Singapore P.R.
Date of Appointment:	2010-5-25
3
Name:	PALANIRAJAN RAJARAJAN
Position:	Director
ID Number:	S7483719J
Address:	334 Serangoon Avenue 3 #07-295 Singapore 550334
Nationality:	Singapore P.R.
Date of Appointment:	2005-12-30

Personnel Structure

Total Employees

About 50 Employees

Operation Information

Offices & Factories

	Office
Address:	37 Kallang Pudding Road #03-04 Tong Lee Building Block B Singapore 349315

Production Information

l Subject is a manufacturer of solid teak doors with the production activities

Purchase

l The raw materials for production are purchased from local and abroad.

Sales Information

l Subject is mainly engaged in manufacturing and trading of doors and the related products.

l Subject introduced that its products includes solid teak doors, solid African mahogany doors, gmelina, round logs, Ghana teak round logs, cedar logs, red cedar, cedar timber and so on.

l Subject introduced that it also is a distributor and supplier of wood, logs, gmelina, teak round logs, solid doors, Ghana teak, cedar, red cedar, cedar timber and so on.

l Subject introduced that it purchases the raw materials from Malaysia, Singapore and so on.

l The selling territory of subject covers all over the world, such as America, Europe, Africa, Southeast Asia, etc.

Settlements

Purchase

Subject declined the purchase settlements information, and from other sources, we couldn’t obtain the information, either.

Sales

Domestic Markets (Taiwan)

Product	Sales Terms	Proportion
Doors and the related products	COD, etc	100%

Export

Product	Sales Terms	Proportion
Doors and the related products	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.

Subject refused to introduce any financial information, and we can’t find it from other resources, either.

Bankers

The bankers’ information is not available from the subject or other sources.

Public

Charges

Charge 1
Charge Number:	C201004983
Date of Registration:	2010-6-16
Name:	INDIAN OVERSEAS BANK
Amount Secured:	All Monies

Interview Details

Name:

Mr. Muthu

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.25
UK Pound	1	Rs.79.76
Euro	1	Rs.66.52

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.