MIRA
INFORM REPORT
|
Report Date : |
17.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
BONUS PLASTIC
PRIVATE LIMITED |
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Registered Office : |
G 6-7, Diamond
Square, Near Navjeevan Press, Ashram Road, Ahmedabad - 380014, Gujarat |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
03.06.1988 |
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Com. Reg. No.: |
04-10796 |
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CIN No.: [Company
Identification No.] |
U24200GJ1988PTC010796 |
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IEC No.: |
0888032871 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMB01323A / AAACB4753C |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturing and
Exporting of Narrow Fabrics made of Polypropylene, Polyester and Nylon, i.e.
Webbings, Trouser Belts an Safety Belts for different applications. |
RATING &
COMMENTS
|
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 50000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established company having satisfactory track records. Directors are reported as experienced,
respectable and having satisfactory means of their own. Their trade relations are reported as
fair. Payments are usually correct
and as per commitments. The company can
be considered normal for business dealings at usual trade terms and
conditions |
LOCATIONS
|
Registered Office : |
G 6-7, Diamond Square, Near Navjeevan
Press, Ashram Road, Ahmedabad - 380014, Gujarat, India. |
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Tel. No.: |
91-79-27540214 / 27542873 / 31009323 / 30080220 / 30080330 |
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Mobile No.: |
91-9327009323 |
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Fax No.: |
91-79-27544774 / 30080440 |
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E-Mail : |
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Website : |
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Area : |
Owned - 3,000.sq.fts |
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Factory 1 : |
41/42, Ashwamegh
Industrial Estate, Opposite S. B. I., Sarkhej Bavla Highway, Changodar –
382213, Ahmedabad, Gujarat. |
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Tel. No.: |
91-2717-308444 |
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Area : |
10,000 sq. yards.
- Owned |
DIRECTORS
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Name : |
Mr. Parikh
Rajendra Sakalchand |
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Designation : |
Managing Director |
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Address : |
Block No. A-5, Kailash Tower, Near Vipul Dudhiya Stadium,
Navrangpura, Ahmedabad - 380 009, Gujarat. |
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Date of Birth/Age : |
21.10.1935 |
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Qualification : |
B. Sc. |
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Experience : |
19 Years |
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Date of Appointment : |
03-06-1988 |
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Name : |
Mr. Parikh Nikhil
Rajendra |
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Designation : |
Director |
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Address : |
Block No. A-5, Kailash Tower, Near Vipul Dudhiya Stadium,
Navrangpura, Ahmedabad - 380 009, Gujarat. |
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Date of Birth/Age : |
02.09.1964 |
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Qualification : |
B.E. [Mech.] |
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Experience : |
19 Years |
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Date of Appointment : |
03-06-1988 |
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|
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Name : |
Mr. Rasiwla Suyab
Ibrahim |
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Designation : |
Director |
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Address : |
Kaji’s Dharga, Kach Ni Masjid, Astodia,
Ahmedabad - 380 001, Gujarat |
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Date of Appointment : |
03-06-1988 |
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Date of Ceasing : |
18.10.2002 |
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Name : |
Mr. Parikh Rocky
Rajendra |
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Designation : |
Director |
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Address : |
E – 501, Ashwari Tower, Behind Fun
Republic, S. G. Highway, Ahmedabad - 380015 |
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Qualification : |
B. E. [Plastics] |
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Experience : |
15 Years |
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Date of Appointment : |
14-01-1996 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
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No. of Shares |
|
Equity
Shareholders |
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Rejendra S.
Parikh |
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27510 |
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Nikhil. R. Parikh |
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8510 |
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Rajendra S.
Parikh |
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2000 |
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Rocky R. Parikh |
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8500 |
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Veenaben R.
Parikh |
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13460 |
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Suryakant N.
Dalal |
|
1 |
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Sivani D. Shah |
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1 |
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Shaily D. Shah |
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1 |
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Anupama D. Shah |
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1 |
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Snehal D. Shah |
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1 |
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Raj Snehal Shah |
|
1 |
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Sonal S. Shah |
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1 |
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Sriraj S. Shah |
|
1 |
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Lalbhai M. Shah |
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1 |
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Surendra
Mangaldas (HUF) |
|
1 |
|
Prakash S. Mehta |
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10 |
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Total |
|
60000 |
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Preference
Shareholders |
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R. S. Parikh |
|
3000 |
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V. R. Parikh |
|
17000 |
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Total |
|
20000 |
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and
Exporting of Narrow Fabrics made of Polypropylene, Polyester and Nylon, i.e.
Webbings, Trouser Belts an Safety Belts for different applications. |
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Products : |
Item Code No. Product Description
54026908 Poly
Propylene Filament Yarn 54026909 HDPE
Fabrics 58063200 P. P. Narrow Woven Fabrics |
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Brand Names : |
“BONUS” |
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Exports : |
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Products and
Countries : |
P. P. Multifilament Yarn – Ethiopia P. P. Narrow Woven Fabrics – Nigeria |
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Imports : |
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Products and
Countries : |
P. P. Granules –
Saudi Arabia Europe |
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Terms : |
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Selling : |
L/C, Cash and
Credit [30 days] |
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Purchasing : |
L/C, Cash and
Credit [30 days] |
PRODUCTION STATUS
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
HDPE/PP/HDPP Monofilament Tape |
|
32 Looms |
831398 kgs. |
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P. P. Multifilament Yarn |
M.T. |
|
60 [Month] |
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P. P. Narrow Woven Fabrics |
M.T. |
|
55 [Month] |
GENERAL
INFORMATION
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No. of Employees : |
38 persons : - 8
persons in office & 30 persons at works |
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Bankers : |
Corporation Bank,
Navrang Pura Branch, Navrang Pura, Ahmedabad, Gujarat, India. |
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Facilities : |
OCC and ODBD |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Bhadresh and
Siddharth Associates Chartered
Accountants |
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Address : |
203, Nalanda Enclave, Behind Mahakant, Pritamnagar, Ahmedabad –
380006, Gujarat, India |
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Tel. No.: |
91-79-26581961 / 26584907 |
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Fax No.: |
91-79-26609779 |
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Memberships : |
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CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
80000 |
Equity Shares |
Rs. 100/- each |
Rs. 8.000 millions |
|
20000 |
Preference |
Rs. 100/- each |
Rs. 2.000 millions |
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Total |
|
Rs. 10.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
60000 |
Equity Shares |
Rs. 100/- each |
Rs. 6.000 millions |
|
20000 |
Preference |
Rs. 100/- each |
Rs. 2.000 millions |
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Total |
|
Rs. 8.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
6.000 |
6.000 |
6.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
6.565 |
4.341 |
3.771 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
12.565 |
10.341 |
9.771 |
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LOAN FUNDS |
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1] Secured Loans |
10.474 |
6.018 |
7.887 |
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2] Unsecured Loans |
4.400 |
1.975 |
1.975 |
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TOTAL BORROWING |
14.874 |
7.993 |
9.862 |
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DEFERRED TAX LIABILITIES |
0.200 |
0.009 |
0.000 |
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TOTAL |
27.639 |
18.343 |
19.633 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
8.564 |
8.631 |
7.592 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
6.969
|
4.604 |
6.886 |
|
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Sundry Debtors |
9.299
|
7.290 |
6.726 |
|
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Cash & Bank Balances |
0.255
|
0.788 |
0.710 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
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Loans & Advances |
8.152
|
3.712 |
1.695 |
|
Total
Current Assets |
24.675
|
16.394 |
16.017 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
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Current Liabilities |
4.316
|
5.348 |
3.540 |
|
|
Provisions |
1.284
|
1.334 |
0.436 |
|
Total
Current Liabilities |
5.600
|
6.682 |
3.976 |
|
|
Net Current Assets |
19.075
|
9.712 |
12.041 |
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
27.639 |
18.343 |
19.633 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
80.255 |
72.250 |
72.983 |
|
|
Other Income |
0.298 |
0.317 |
0.338 |
|
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Total Income |
80.553 |
72.567 |
73.321 |
|
|
|
|
|
|
|
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Profit/(Loss) Before Tax |
4.116 |
2.548 |
2.055 |
|
|
Provision for Taxation |
1.208 |
0.606 |
0.506 |
|
|
Profit/(Loss) After Tax |
2.908 |
1.942 |
1.549 |
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|
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|
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Earnings in Foreign Currency : |
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|
|
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Total Earnings |
3.999 |
4.644 |
Nil
|
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Imports : |
|
|
|
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Total Imports |
4.184 |
3.778 |
4.008 |
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Expenditures : |
|
|
|
|
|
|
Manufacturing Expenses |
0.000 |
0.000 |
20.748 |
|
|
Administrative Expenses |
0.000 |
0.000 |
4.110 |
|
|
Raw Material Consumed |
0.000 |
0.000 |
43.186 |
|
|
Increase/(Decrease) in Finished Goods |
[3.941] |
2.003 |
0.575 |
|
|
Interest |
1.127 |
0.819 |
1.008 |
|
|
Depreciation & Amortization |
1.948 |
1.599 |
1.703 |
|
|
Other Expenses |
77.303 |
65.598 |
0.000 |
|
Total Expenditure |
76.437 |
70.019 |
71.330 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
5.11
|
2.68 |
2.11 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.13
|
3.53 |
2.82 |
|
|
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.39
|
10.18 |
8.70 |
|
|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.25 |
0.21 |
|
|
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
1.63
|
1.42 |
1.42 |
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|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
4.41
|
2.45 |
4.03 |
LOCAL AGENCY
FURTHER INFORMATION
The Registered Office of the company has been shifted from 10/A-1/A
Shreeji Baug Flats, B/H Navrangpura Police Station, Ahmedabad, Gujarat to the
present address w.e.f. 01.01.2007
Trade Reference
The Synthetics and Rayon Textiles Export Promotion Council
“Resham Bhavan”, 78- Veer Nariman Road, Mumbai
– 400020
Tel No.: 91-22-22048797 / 22048690
Fax No.: 91-22-22048358
Registration No.: SR/MFG/8841/2003-2004
The All India Plastics Manufacturers Association
AIPMA House, A – 52, Road No. 1, M. I. D. C.,
Andheri [East], Mumbai – 400093
Tel No.: 91-79-26579204 / 26578227
Gujarat State Plastic Manufacturers Association
7th Floor, Span Trade Centre, Near
Paldi Char Rasta, Ellisbridg, Ahmedabad – 380006
Tel No.: 91-79-26579204 / 26578227
Future Prospects
In spite of the severe competition from the
unorganized market the products of the company is being will received in the
market which is on account of better quality . The company is constantly
changing the products mix as per the needs of the market so as to improve the
profitability.
Generic Names of Products of the companies are :-
˜
Nylon Webbing
˜
Polypropylene
Webbing
˜
Nylon Twine
˜
Polypropylene
Twine
˜
Nylon Rope
˜
Polypropylene
Rope
˜ Webbing Straps
It deals in high quality
belts, which are used in various kinds of designer and utility bags.
It is specialized
in the process of manufacturing and then exporting narrow woven fabrics also
known as webbings made out of polypropylene, nylon and synthetic material.
It offers plastics ropes for various end-uses.
It’s webbings are
in standard colors including red, green, blue, orange, yellow in S & Z
twist and available in packed coils of 200 yards or as per specifications given
by the customer.
It is well equipped
with modern techniques and machinery to deliver a fabulous range of products
that are made to perfection.
It’s manufacturing
unit has a dedicated team of quality personnel to ensure all the products are
superior in quality and have excellent finish.
|
FORM NO. 8 Registration No of Company 04-10796 THE COMPANIES ACT, 1956 Nominal Capital Rs. 10.000 millions FORM NO. 8 Filing Fees Rs. 300 Particulars of Charges created by a company registered in India (Pursuant to sections 125/127/135) Name of the Company BOUNUS PLASTIC PRIVATE LIMITED Presented by Mr. NIKHIL RAJENDRA PARTIH – DIRECTOR |
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No Legal document was executed but memorandum of deposit of title deed was executed on 15-11-2003 |
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Rs. 10.500 millions only |
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All that undivided proportionate share in the piece of land bearing :
|
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Property mortgaged as mentioned above in para 3 will stood as security for various working capital facilities cash credit Rs. 8.500 millions letter of credit Rs. 2.000 millions total Rs. 10.500 millions sectioned to the company |
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Corporation Bank Industrial Finance Branch, Ahmedabad |
|
NA |
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NA |
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|
Agreement of term loan dated 19.01.2004 |
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Rs. 0.590 millions |
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Hypothecation of plant and machinery worth Rs. 0.291 millions |
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Interest : 15.25% margin 25% repayable in 24 monthly instalments from the date of first disbursement |
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Corporation Bank Industrial Finance Branch, Ahmedabad |
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NA |
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NA |
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|
|
|
No Legal document was executed but memorandum of deposit of title deed was executed on 15-11-2003 |
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Rs. 10.500 millions only |
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All that undivided proportionate share in the piece of land bearing :
|
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Property mortgaged as mentioned above in para 3 will stood as security for various working capital facilities cash credit Rs. 8.500 millions letter of credit Rs. 2.000 millions total Rs. 10.500 millions sectioned to the company |
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Corporation Bank Industrial Finance Branch, Ahmedabad |
|
No Legal document was executed but continuality letter on 19.01-2004 |
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Charge created on 15-11-2003 and registered on 12-12-2003 was modified to secure the term loan of Rs. 0.698 millions for purchased of water chilling plant making total charge of Rs. 11.098 millions |
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|
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Agreement of Hypothecation of Movable/ Assets / Debts dated 19.01.2004 |
|
Rs. 10.500 millions |
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All raw material, stock in process, semi finished goods, stores and pares consisting of HDPE Granules, PPMF Yarn, HDPE Fabrics, tapes pp multi filament tapes, milt filament yarn stores at 41/42 Ashwamegh industrial Estate, Changodar, District Ahmedabad Belonging to the company and receivables, books debts. First charge over fixed assets of the company plant and machinery equipments furniture, DG set and fixtures etc and all other movable, fixed assets of the company present and future. The above facilities are further secured by personal guarantee of all the directors of the company . |
|
Interest : 14.5% and for import L/C as per norms of the bank Margin 30 % on Inventories Margin 25% on Book Debts |
|
Corporation Bank Industrial Finance Branch, Ahmedabad |
|
NA |
|
NA |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90110618 |
|
Corporate
identity number of the company |
U24200GJ1988PTC010796 |
|
Name of the
company |
BONUS PLASTIC PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
10/A-1/A Shreeji Baug Flats, B/H Navrangpura Police Station,
Ahmedabad, Gujarat, India |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Corporation Bank Navrangpura Ahmedabad –
380006, Gujarat, India |
|
Nature of
description of the instrument creating or modifying the charge |
|
|
Date of
instrument Creating the charge |
14.10.2006 |
|
Amount secured by
the charge |
Rs. 14.750
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit 10.50
% p.a. Term Loan 12.00 % p.a. Terms of
repayment 37 EMI of 53.300
starting from 13.07.2007 Margin Cash credit 30 % Term loan 25 % Extent operation
of the charge All the movable property
of the company including stock book debts and machinery. |
|
Short particulars
of the property charged |
|
Fixed Assets :
- Land
- Factory building
- Plant and Machinery
- Electric installation
- Furniture and fixtures
- Office equipments
- Vehicles
AS PER WEBSITE
Profile
Based in Ahmedabad- Gujarat (India), Bonus Plastics specializes as manufacturer
and exporter of Narrow Fabrics, Webbings, Trouser Belts and Safety Belts for
different application. Bonus Plastics is well equipped with modern techniques
and machinery to deliver a fabulous range of products. They have been producing
Polypropelene Multifilament Yarn on their imported plant.
Main products are Webbing and Ropes/Braids.
Products
Their product range includes:
» Webbing (Narrow
Woven Fabrics)
» Trouser Belts /
Safety Belts
» Polypropylene
Multifilament Yarn
Applications
Their Webbings are used in the
manufacture of variety of products such as school bags, promotional bags,
wallets and CD bags, casual bags, computer bags, thermoware, folding beds,
garden chairs, etc.
Quality & Infrastructure
Bonus Plastics offer highly distinguished
range of products that are made to perfection.
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.39.35 |
|
UK Pound |
1 |
Rs.80.36 |
|
Euro |
1 |
Rs.57.62 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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. |
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 |
|