Creamie, you shouldn't joke about logging of flight time! In India, that approximates how some do log their flight time. On another thread someone mentioned an Indian pilot who at the tender age of 25 had already logged 9000 hours. Technically it's possible - 1000 hours a year from age 16 could be legal. But no pilot I ever met had that much money or wanted to work that hard.
My take on the 'class' rating bit is that they are trying to define such niceties as whether it's a pressurized, retractable, twin turbo-prop (e.g. King Air) versus, say a single-engine, fixed gear, turbo prop (e.g. Caravan), but just how it is defined, dunno.
'Type' rating is specific to a type, but generally in future will only be applicable above 5700 kg. But I may be reading it wrong, so someone correct me if so.