MIRA
INFORM REPORT
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Report Date : |
07.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
LOKMAT NEWSPAPERS PRIVATE LIMITED |
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Registered Office : |
126, Mittal Tower, `B’ Wing, 12th Floor,
Nariman Point, Mumbai – 400 021, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.05.2002 |
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Date of Incorporation : |
21.06.1973 |
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Com. Reg. No.: |
11 –16613 |
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CIN No.: [Company
Identification No.] |
U99999MH1973PTC016613 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEL00507D / NGPL00282C |
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Legal Form : |
Private limited liability company. |
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Line of Business : |
Subject is engaged in printing and publishing of
newspapers. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a
well-established and reputed company having satisfactory track. Directors are
reported as experienced and respectable businessmen. Trade relations are reported
as fair. Business is active. Payments are usually correct and as per
commitments. The company can be considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
126, Mittal Tower, `B’ Wing, 12th Floor,
Nariman Point, Mumbai – 400 021, INDIA |
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Tel. No.: |
91-22-22856749 (4 Lines) /
22028211 / 25856749 |
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Fax No.: |
91-22-22028211 |
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E-Mail : |
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Head Office : |
Lokmat Bhavan, Pt. Jawaharlal Nehru Marg, P.O. No. 216, Nagpur
– 440 012, Maharashtra, INDIA |
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Tel. No.: |
91-712-2523 527 (10 lines) |
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Fax No.: |
91-712-2526 923 |
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Branches : |
Located at : Mumbai, Delhi, Bangalore, Chennai, Pune and Hyderabad Lokmat Bhawan, C-19, MIDC Ajintha Road, A. B. No. 73, Jalgaon
– 425 003, Maharashtra, INDIA |
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Business
Representatives: |
Located at : Kolkata, Ahmedabad, Indore, Bhopal, Coimbatore, Lucknow,
Jaipur and Baroda |
DIRECTORS
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Name : |
Mr. Vijay Jawaharlal Darda |
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Designation : |
Chairman & Managing
Director |
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Address : |
Rahate Colony, Pt. J. N. Marg,
Nagpur - 440 012, Maharashtra |
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Date of Birth/Age : |
14.05.1950 |
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Qualification : |
Diploma in Printing Technology |
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Date of Appointment : |
24.01.1974 |
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Name : |
Mr. Rajendra Jawaharlal Darda |
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Designation : |
Director |
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Address : |
Lokmat Bhavan, Jalna Road, Aurangabad |
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Date of Birth/Age : |
21.11.1952 |
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Date of Appointment : |
28.08.1974 |
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Name : |
Mrs. Jyotsna Vijay Darda |
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Designation : |
Director |
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Address : |
Yavatmal House, Rahate Colony,
Pt. J. N. Marg, Nagpur - 440 012,Maharashtra |
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Date of Birth/Age : |
18.06.1952 |
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Date of Appointment : |
21.05.1994 |
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Name : |
Mr. Devendra Darda |
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Designation : |
Director |
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Address : |
Rahate Colony, Pt. J. N. Marg,
Nagpur - 440 012, Maharashtra |
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Date of Birth/Age : |
23.11.1974 |
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Date of Appointment : |
20.05.2002 |
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Name : |
Mr. Rishi Rajendra Darda |
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Designation : |
Director |
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Address : |
Lokmat Bhavan, Jalna Road, Aurangabad |
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Date of Birth/Age : |
15.12.1978 |
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Date of Appointment : |
21.11.2001 |
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Name : |
Mr. Ramesh Sukhraj Bora |
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Designation : |
Director |
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Address : |
Plot No. 2, Purohit Layout, Ambazari,
Nagpur – 440 010, Maharashtra |
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Date of Birth/Age : |
02.11.1939 |
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Date of Appointment : |
19.11.2003 |
KEY EXECUTIVES
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Name : |
Mr. Nilesh Jain |
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Designation : |
Practicing Company Secretary |
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Address : |
Durgaia Road, Sadar, Nagpur – 440001 |
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Tel No. : |
91-712-2559431 / 2541739 |
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Mobile No. : |
91-9822461508 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mrs. Ushadevi J. Darda |
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2500 |
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Mr. Vijay J. Darda |
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72500 |
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Mrs. Veena J. Darda |
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147000 |
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Mr. Rajendra J. Darda |
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72500 |
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Mr. Asdhoo R. Darda |
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2500 |
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Mrs. Jyotsna V. Darda |
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2500 |
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Jawaharlal Darda (HUF) |
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100000 |
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Darda Investments & Properties Private Limited |
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100500 |
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Total |
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500000 |
Equity Shares Breakup (Percentage of Total Equity):
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Sr No. |
Category |
Percentage |
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1 |
Directors or relative of directors |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in printing and publishing of
newspapers. |
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Products : |
Newspapers |
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Imports : |
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Products : |
Raw materials and components & spare parts |
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Countries : |
Europe |
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Terms : |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Suppliers : |
Ø Bhandari
Auto Limited Ø Carrier
Aircon Limited, Pune, Maharashtra Ø C-Net
Solutions Limited Ø Damanganga
Papers Limited, Vapi, Gujarat Ø Gujarat
Daily Newspaper Association Ø International
computers Limited Ø Jay Rapid
Roller Limited, Nashik Ø Mahavir
Commercial Company Private Limited Ø Manugraph
Industries Limited Ø Many
Enterprises Limited Ø Mayar
H. K. Limited Ø Micropro
Software Solutions Limited Ø Multitech
Computers Limited Ø Newsprint
Sales Corporation Ø Newsprint
Sales Corporation Ø Sangal
Paper Limited Ø Simplex
Mills Company Limited Ø Sinhar
Mars Pulp & Paper Limited Ø State
Trading Corporation of India Ø The
printer House, Delhi, India Ø Vidarbh
Paper Mills Ø Yash
Paper, Nagpur, Maharashtra, India |
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No. of Employees : |
500 |
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Bankers : |
Ø Bank
of India, Sitaburdi Branch, Mumbai - 400 002 Ø The
Tirupati Urbam Co-operative Bank Limited, Mumbai Ø State
Bank of Mysore, Nagpur, Maharashtra Ø Bank
of India, Ahmedabad, Gujarat Ø Bank
of India, Akola, Maharashtra Ø Bank
of India, Aurangabad, Maharashtra Ø Bank
of India, Bhusawal, Maharashtra Ø Bank
of India, Bhandara, Maharashtra Ø Bank
of India, Dhule, Maharashtra Ø Bank
of India, Delhi Ø Bank
of India, Jalgaon, Maharashtra Ø Bank
of India, Malegaon, Maharashtra Ø Bank
of India, Mumbai Ø Bank
of India, Pune, Maharashtra Ø Bank
of India, Wardha, Maharashtra Ø Bank
of India, Yavatmal, Maharashtra Ø Bank of India, Nagpur Corporate Banking Branch, S. V. Road Marg, Nagpur |
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Facilities : |
· Cash credit account is secured by Hypothecation of Stock in Trade, Stores and Book debts and Guarantee of Two Directors. · Term Loan from Bank are secured by Charge and Hypothecation of Land, Building of Nashik unit, Plant and Machinery of Nashik, Akola and Pune Unit and Computers acquired from such loans and Guarantee of Two Directors. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M. M. Jain & Associates Chartered Accountants |
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Address : |
Shri Mohini, Kingsway, Nagpur - 440 001, Maharashtra |
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Associates/Subsidiaries : |
Ø Darda
Investments & Properties Private Limited Ø Sandeep
Layout, Nagpur, Maharashtra, India Ø Jayshree
Construction Company Ø Goldie
Advertising and Marketing Services Private Limited Ø Prithvi
Prakashan Private Limited Ø Bombay
Welprint Ink Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10 each |
Rs. 10.000 millions |
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Issued, Subscribed
& Paid-up Capital (as on 31.05.2002):
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10 each |
Rs. 5.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
FINANCIALS:
No subsequent financials could be available from any sources.
Management remained non – co-operative during current investigation.
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.05.2002 |
31.05.2001 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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5.000 |
5.000 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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297.090 |
202.324 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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302.090 |
207.324 |
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LOAN FUNDS |
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1] Secured Loans |
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78.416 |
64.306 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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78.416 |
64.306 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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380.506 |
271.630 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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127.129 |
103.317 |
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Capital work-in-progress |
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1.532 |
16.168 |
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INVESTMENT |
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0.783 |
0.674 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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35.965 |
44.132 |
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Sundry Debtors |
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209.318 |
163.632 |
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Cash & Bank Balances |
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138.446 |
80.975 |
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Other Current Assets |
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6.628 |
4.601 |
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Loans & Advances |
|
71.411 |
42.920 |
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Total
Current Assets |
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461.768 |
336.260 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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166.806 |
159.589 |
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Provisions |
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43.900 |
25.200 |
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Total
Current Liabilities |
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210.706 |
184.789 |
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Net Current Assets |
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251.062 |
151.471 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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380.506 |
271.630 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.05.2002 |
31.05.2001 |
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Sales Turnover |
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426.849 |
370.361 |
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Other Income |
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322.567 |
283.390 |
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Total Income |
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749.416 |
653.751 |
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Profit/(Loss) Before Tax |
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113.466 |
[1.453] |
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Provision for Taxation |
|
18.700 |
-- |
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Profit/(Loss) After Tax |
|
94.766 |
[1.453] |
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Expenditures : |
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Newsprint and Stores Consumed |
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396.050 |
440.560 |
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Power & Fuel |
|
8.417 |
8.604 |
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Payment to Employment |
|
96.529 |
89.030 |
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Works and Operating Expenses |
|
27.960 |
23.217 |
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Administrative and Establishment Expenses |
|
43.482 |
33.071 |
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Selling and Distribution Expenses |
|
31.768 |
29.722 |
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Interest and Bank Cheques |
|
8.855 |
9.343 |
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Payment of Director |
|
8.860 |
1.506 |
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Depreciation |
|
18.996 |
16.892 |
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Other Expenditure |
|
15.033 |
2.905 |
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Total Expenditure |
|
655.950 |
654.850 |
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KEY RATIOS
|
PARTICULARS |
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|
31.05.2002 |
31.05.2001 |
|
PAT / Total Income |
(%) |
|
12.65 |
[0.22] |
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Net Profit Margin (PBT/Sales) |
(%) |
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26.58 |
[0.39] |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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16.27 |
[0.33] |
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Return on Investment (ROI) (PBT/Networth) |
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|
0.38 |
[0.01] |
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Debt Equity Ratio (Total Liability/Networth) |
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|
0.96 |
1.20 |
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Current Ratio (Current Asset/Current Liability) |
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|
2.19 |
1.82 |
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges
Report as per Registry
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Name of the company |
LOKMAT NEWSPAPERS LIMITED |
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Presented
By |
Bank of India, Nagpur Corporate Banking Branch, S. V. Road Marg,
Nagpur |
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1) Date and description of instrument creating the change |
Agreement hypothecation of plant an machinery stored and book dents dated
19.11.2003 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Term loan Rs.
282.000 Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
As per annexure |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest: 3.3 %
below BOIPLT min. 8 % p.a. Margin 25 % Repayment : in
five annual installment commencing from 31.05.2005 |
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5) Name and Address and description of the person entitled to the charge. |
Bank of India, Nagpur Corporate Banking Branch, S. V. Road Marg, Nagpur |
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6) Date and brief description of instrument modifying the charge |
Supplemental deed
of hypothecation dated 15.11.2004 |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
By this modification
the bank has sanctioned additional Term Loan of Rs. 100 Millions Repayment : In 5
annual, installment commencing from 31.05.2006 Interest 2.25 %
below BOI PTLR minimum 8.5 % |
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Corporation identity number or foreign company registrations number of
the company |
U99999MH1973PTC016613 |
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Name of the company |
LOKMAT NEWSPAPERS LIMITED - ONDD |
|
Address |
126, Mittal Tower, `B’ Wing,
12th Floor, Nariman Point, Mumbai – 400 021, Maharashtra |
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This Form is for |
Modification of charge |
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Type of Charges |
· Immovable property · Movable property |
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Particular of the charge holder
|
Bank of India Address: Sitaburdi Branch, Sitaburdi, Nagpur
– 440 010, Maharashtra, India Email ID: boincbb@dataone.in |
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Nature or description of the instrument creating charge |
Extension of the equitable mortgage |
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Date of the instrument creating charge |
28.03.2007 |
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Amount Secure by the charge |
Rs. 140.000 millions |
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Brief of the principal terms and conditions and extent and operation
of the charge |
Rate of interest: 2.25% below BPLR i.e 9.75% Terms of repayment: On demand Margin: Raw material: Imported : 10% :
Indigineous : 25% Book debts upto 90 days Above
90-180days :50% Extent and operation of the
charge: The charge operates as a security on the immovable properties of the
company. |
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Shorts particulars of the
Property charged |
Extension of the equitable mortgage of land, building, sheds and
structures, plant and machinery and fixtures, (both present and future)
situated at plot No. B -3, in the additional Nasik industrial area, within
the limits of Nasik municipal corporation taluka Nasik, districts Nasik
admeasuring 11369 sq.mtrs. |
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Particulars of the present modification |
Extension of equitable mortgage to cover additional cash credit limit of
Rs. 40.000 millions Thus total cash credit limit stands at Rs. 140.000
millions. |
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Name of the
company |
LOKMAT NEWSPAPERS LIMITED |
|
Presented
By |
Bank of India,
Nagpur corporate Banking Branch, S V Patel Marg, Nagpur |
|
1) Date and
description of instrument creating the change |
Agreement of
hypothecation of plant and machinery stocks and book debts dated 19th
November 2003 |
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2) Amount secured
by the charge/amount owing on the securities of charge |
Term loan : Rs.
282.000 millions |
|
3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
As per annexure |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
Interest : 3.5% p.a below BOIPTLR minimum
8% p.a Margin : 25% Repayment: In five installment commencing
from 31.05.2005 |
|
5) Name and
Address and description of the person entitled to the charge. |
Bank of India Nagpur Corporate Banking Branch, S v pastel
Marg, Nagpur |
|
6) Date and brief description of instrument
modifying the charge |
Deed of
modification dated 14.12.2004 Letter from bank
dated 14.12.2004 |
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7) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
Reconversion of
3485839 US Dollars into rupees term loan Conversion of Rs.
128.723 millions into 2864347 US dollar (foreign currency loan) Rate of interest:
300 BPS over 12 months LIBOR |
|
Name of the
company |
LOKMAT NEWSPAPERS LIMITED |
|
Presented
By |
Bank of India,
Nagpur corporate Banking Branch, S V Patel Marg, Nagpur |
|
1) Date and
description of instrument creating the change |
Agreement of
hypothecation of plant and machinery stocks and book debts dated 19th
November 2003 |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Term loan : Rs. 282.000
millions |
|
3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
As per annexure |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
Interest : 3.5% p.a below BOIPTLR minimum
8% p.a Margin : 25% Repayment: In five installment commencing
from 31.05.2005 |
|
5) Name and
Address and description of the person entitled to the charge. |
Bank of India Nagpur Corporate Banking Branch, S v
pastel Marg, Nagpur |
|
6) Date and brief description of instrument
modifying the charge |
Deed of
modification dated 19.02.2005 Deed of
modification dated 19.02.2005 |
|
7) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
Reconversion of
1919613 US Dollars into rupees term loan and Conversion of Rs. 56.980 millions
out of 282.000 millions term loans into 13.15.494 USD. Rate of
interests: -300 Bps over 12 months LIBOR And Conversion of Rs.
580.364 millions out of additional Rs. 100.000 millions term loan into
1150000 USD Rate of interests: 300 BPs over 6 months LIBOR Rate of interest:
300 BPS over 12 months LIBOR |
The
company's fixed assets of important value include:-
· Land,
· Building,
· Plant & Machinery,
· Furniture & Fixtures,
· Vehicles And
· Data Processing Equipments.
OTHER INFORMATION:
The company has it’s own large printing press and buildings.
Subject is publishers of
Ø Lokmat : from Nagpur, Jalgaon, Aurangabad,
Ø Lokmat
Samachar : Nasik, Ahmednagar and Solapur
Ø Lokmat
Times : all in Maharashtra State
The company has earned a remarkable net profit of Rs. 113.466 millions as compared to a loss of Rs. 1.098 millions during the previous year due to increased operational efficiency.
The company has a deemed public company upto 6th March 2002. the company was concerted into a private limited company w.e.f. 7th March 2002.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.41 |
|
UK Pound |
1 |
Rs.79.81 |
|
Euro |
1 |
Rs.57.58 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
52 |
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%)
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|