MIRA INFORM REPORT

Report Date :

28.07.2014

IDENTIFICATION DETAILS

Name :	TOUTBOIS SAM
Registered Office :	38 Blvd Des Moulins, Monaco 98000
Country :	Monaco
Date of Incorporation :	1956
Legal Form :	Private Company with Limited Liability
Line of Business :	Trader of Plywood, Timber & Wood Products
No. of Employees	10

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Unknown
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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
Monaco	A2	B2

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

MONACO ECONOMIC OVERVIEW

Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. The principality also is a banking center and has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. Monaco, however, is not a tax-free shelter; it charges nearly 20% value-added tax, collects stamp duties, and companies face a 33% tax on profits unless they can show that three-quarters of profits are generated within the principality. Monaco's reliance on tourism and banking for its economic growth has left it vulnerable to a downturn in France and other European economies which are the principality's main trade partners. In 2009, Monaco's GDP fell by 11.5% as the euro-zone crisis precipitated a sharp drop in tourism and retail activity and home sales. A modest recovery ensued in 2010, but Monaco's economic prospects remain uncertain, and tied to future euro-zone growth. Weak economic growth also has deteriorated public finances as the principality recorded budget deficits in 2011-12. Monaco was formally removed from the OECD's "grey list" of uncooperative tax jurisdictions in late 2009, but continues to face international pressure to abandon its banking secrecy laws and help combat tax evasion. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas

Source : CIA

Company name and address

Company Details

Organization Name	:	TOUTBOIS SAM
Address	:	38 Blvd Des Moulins, Monaco 98000
Country	:	Monaco
Phone (S)	:	[+377]-97972554
Facsimile	:	[+377]-97972559
Email	:	info@toutbois.mc
Website	:	http://www.toutbois.mc
Primary Business Activity	:	Trader
Key Industry	:	Plywood, Timber & Wood Products

Note

Your supplied name is “Name is a combination of the Business Entity Name and Brand/Trademark”

Key Facts

Registered Legal Address	:	3eme Etage L'Immeuble Ambassador Lot 74, 38 Blvd Des Moulins, Monaco 98000
Operational Address	:	38 Blvd Des Moulins, Monaco 98000
Trading Name	:	TB PRODUCTS
Issuing Authority	:	Register of Commerce & Industry - National
License Number	:	56S00205
License Status	:	License exists - Normal.
Legal Form - Category	:	Private Company with Limited Liability
Legal Form	:	Societe Anonyme Monegasque
Legal Form - Abbreviation	:	SAM
Operational Status of Business	:	Normal
Date of Registration	:	1956
Employees	:	10
Capital	:	US$ 150,000

DIRECTORS/MANAGEMENT

Key Person

Legal Title	:	President
Name	:	Mr. Mario Cassin
Nationality	:	Monegasque

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Marco Cassin	Monegasque	Representative	-

Management Details - 1

Personal Unique Identifier	:	MI03743977
Name	:	Mr. Marco Cassin

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03743976
Name	:	Mr. Mario Cassin

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing TOUTBOIS SAM's reputation within the respective industry failed to reveal any adverse information.

NEGA-SCAN - ADVERSE DATA MONITORING

DISHONORED CHECKS

No Record Found

DEBT	No Record Found

CIVIL LITIGATION

1 Record Found

Civil Litigation ( 1 )

Not Adverse

Position

:

Plaintiff

Other Parties Involved

:

Position	Country	Party's Name
Defendant	USA	ROCKLIN FOREST PRODUCTS INC

Case Issue

:

Breach of Contract (filed under case no. 2:10-CV-01070 JAM-KJN)

Court

:

Eastern District Court of California, USA

Date Commenced

:

10 Nov, 2010

Status

:

Not stated

PERFORMANCE DEFAULTS

No Record Found

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

SHARE & SHARE CAPITAL INFORMATION

CAPITAL (Currency: EUR - Euro)

Share Value	:	€ 300
Authorized Capital	:	€ 150,000

SHAREHOLDERS

Total number of shareholders	:	n/a
Total number of shares	:	n/a

No.	Shareholders	Country	Shares
			Number	Amount	%
1	CASSIN FAMILY	Monaco	n/a	n/a	n/a
Total			n/a	n/a	n/a

PAYMENT INFORMATION

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	80%
International Sales (Export)	20%

Annual Purchases Analysis	Percentage
Local Purchases	70%
Imports	30%

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~60 days
Export	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Received at time of transaction

Purchasing

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~60 days
Import	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Executed at time of transaction

GROUP STRUCTURE & AFFILIATED COMPANIES

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to TOUTBOIS SAM:

TYPE	DOMESTIC
	TOTAL
Subsidiaries	-
Joint-Ventures	-
Minority shareholdings	-
Affiliates	1
Liaison / Representative Offices	-

Domestic

Business Entity Name	:	BELEAF SA
Global Identifier	:	P3069873
Country	:	Monaco
Relationship	:	Affiliate
Operational Address	:	38 Blvd Des Moulins, Monaco 98000
Primary Business Activity	:	Trader
Industry	:	Plywood, Timber & Wood Products

FINANCIAL INFORMATION

Financials - Summary  (Currency: USD - US Dollar)

Missing Financials	Reasons
2011, Annual	Financials for this year should be available, but are not for unknown reasons.
2012, Annual	Financials for this year should be available, but are not for unknown reasons.
2013, Annual	Financials for this year should be available, but are not for unknown reasons.

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Report Details

Country	:	Monaco
Business Entity Name	:	TOUTBOIS SAM
Primary Business Activity	:	Trader
Primary Industry	:	Plywood, Timber & Wood Products
Office Contact Details
Operating Address	:	38 Blvd Des Moulins, Monaco 98000
Tel	:	[+377]-97972554
Fax	:	[+377]-97972559
Email	:	info@toutbois.mc
Website Details
Website	:	http://www.toutbois.mc
Status	:	Normal - operational
Country of Registration	:	Monaco
Ownership Type	:	Registered ownership by Subject Business Entity

Primary Products

Products / Materials / Services Description	Activity
Cherry veneer	Trading
Oak veneer	Trading
Rotary cut veneer	Trading
Sliced veneer products	Trading
Teak,veneer	Trading

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Hardwood veneer and plywood	2435	Trading
Softwood veneer and plywood	2436	Trading
Wood products, nspf	2499	Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Articles of wood	4421	Trading
Cherry (prunus spp.) veneer sheets & sheets for plywood & other wood sawn lengthwise, sliced or peeled, thickness not over 6 mm, reinforced or backed	4408900084	Trading
Maple (acer spp.) veneer sheets & sheets for plywood & other wood sawn lengthwise, sliced or peeled, thickness not over 6 mm, reinforced or backed	4408900086	Trading
Other oak nesoi veneer sheets and sheets for plywood and other wood sawn lengthwise, sliced or peeled, thickness not over 6 mm, reinforced or backed	4408900092	Trading
Plywood, veneered panels & similar laminated wood	4412	Trading
Veneer panels and similar laminated wood	4412990000	Trading
Veneer sheets etc, not over 6 mm thick	4408	Trading

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description	Ranking	Activity
Veneered panels	Primary	Trading
Veneers	Primary	Trading
Wood veneer	Primary	Trading
Woods	Primary	Trading

CORE BUSINESS DESCRIPTION w

Core Business

The primary business focus of TOUTBOIS SAM is Trading - Finished products.

Key products include :

Cherry veneer

Oak veneer

Rotary cut veneer

Sliced veneer products

Teak,veneer

Veneered panels

Veneers

Wood veneer

Woods

Supplementary Business

In addition to the core business, TOUTBOIS SAM also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Finished products

BRANDS & TRADEMARKS

Brands & Trademarks	Application Category
3W	n/a

INTERNATIONAL TRADE - Activity & Markets

Country / Region	Estimated level of importance	Trading Activity
Africa	Medium	Importing, Exporting
Asia / Pacific	Medium	Importing, Exporting
Europe	Medium	Importing, Exporting
Middle-East	Medium	Importing, Exporting
North America	Medium	Importing, Exporting
USA	Medium	Importing, Exporting

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name	:	TOUTBOIS SAM - MONACO
Primary Use	:	Office & Administration facilities
Address	:	38 Blvd Des Moulins, Monaco 98000
Country	:	Monaco
Status	:	Operational

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.14
UK Pound	1	Rs.102.22
Euro	1	Rs.81.02

INFORMATION DETAILS

Analysis Done by :	SUB
Report Prepared by :	NIS

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.