MIRA
INFORM REPORT
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Report Date : |
22.01.2007 |
IDENTIFICATION DETAILS
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Name : |
ASIAN
– DIAMONDS |
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Registered Office : |
Hoveniersstraat 2 B.510,
2018 Antwerpen Be |
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Country : |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
23.04.1992 |
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Com. Reg. No.: |
288832,
ANTWERPEN |
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Legal Form : |
Private
Company With Limited Liability |
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Line of Business : |
Wholesale of miscellaneous intermediate
products |
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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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company name & Address
ASIAN - DIAMONDS
HOVENIERSSTRAAT 2 B.510
2018 ANTWERPEN BE
Tel. Number
+ 32-3-2338454
Fax number
+ 32-3-2330373
Business founded
17 February 1992
Business registered
23 March 1992 - Private company with limited
liability
Business last updated
31 December 2004
Registration number
288832, ANTWERPEN
Value Added Tax number
BE446607992
Judicial form
Private company with limited liability
Activities
Wholesale of miscellaneous intermediate
products
Payment experience
To be monitored („a surveiller“)
Credit opinion
Credit opinion
Cash situation (balance sheet
analysis)
: Limited
Profitability (balance sheet
analysis)
: Medium
Commitments (regarding contractual
obligations)
: Fulfilled with difficulties
Payment defaults
: Rare
Employees (Business)
1
Total share capital
31 December 2004 EUR 18592,00
Branch office(s)
PLANTIN EN MORETUSLEI 58,2018 ANTWERPEN
Bank
ABN AMRO BANK (
Boardmembers
SANGHVI HASMUKH Manager
SANGHVI RAKESH POPATLAL Manager
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The
business owns or partly owns one or more pieces of land and
buildings? Yes(Property) |
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PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December
2004 in EUR 6.967.340,00 |
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Not
consolidated profit and loss turnover of the business: |
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PER,
period that the financial account covers for not consolidated balance
sheet.: 00
0000 - 31 December 2004 in EUR |
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Total
assets incl. prepaid expenses and accrued income |
2.691.883,- |
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Total
fixed assets |
4.638,- |
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Total
tangible fixed assets |
3.954,- |
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Plant,
machinery and equipment |
868,- |
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Total
financial fixed assets |
684,- |
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Total
Current assets |
2.687.245,- |
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Inventories
and work in progress (incl. prepayments) |
850.014,- |
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Accounts
receivable (trade) |
1.825.503,- |
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Cash
in hand and at bank |
7.597,- |
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Total
accrued income and prepaid expenses |
4.131,- |
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Total
equity, provisions, liabilities, accrued expenses and deferred income |
2.691.883,- |
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Total
equity (Shareholders' funds) |
63.418,- |
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Issued
(subscribed) capital |
18.592,- |
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Profit
reserves |
42.967,- |
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Legal
reserves |
1.859,- |
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Total
liabilities |
2.628.465,- |
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Total
current liabilities |
2.628.465,- |
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Current
accounts payable (trade) |
1.110.052,- |
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Current
liabilities to credit institutions |
502.918,- |
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Income
and social tax liabilities |
12.395,- |
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PER,
period that the financial account covers for not consolidated profit and loss
account.: 00
0000 - 31 December 2004 in EUR |
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Main
revenue (sales/turnover) |
6.967.340,- |
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Cost
of goods sold (operational format) |
6.892.936,- |
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Depreciation |
3.313,- |
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Operating
profit or loss |
74.404,- |
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Financial
income |
573.232,- |
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Financial
expenses |
-636.010,- |
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Result
of ordinary operations |
11.626,- |
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Extraordinary
result |
11.626,- |
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Taxes |
-5.265,- |
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Net
profit or loss |
6.361,- |
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Borrowing
ratio |
4144,67 % |
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Current
ratio |
102,23 % |
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Profit
margin. |
1,16 % |
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Quick
ratio |
69,74 % |
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Return on assets |
24,30 % |
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Return
on equity. |
10,03 % |
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Solidity
or equity ratio |
2,35 % |
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PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December 2003
in EUR 5.352.292,00 |
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Not
consolidated profit and loss turnover of the business: |
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PER,
period that the financial account covers for not consolidated balance
sheet.: 00
0000 - 31 December 2003 in EUR |
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Total
assets incl. prepaid expenses and accrued income |
2.168.824,- |
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Total
fixed assets |
6.700,- |
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Total
tangible fixed assets |
6.016,- |
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Total
financial fixed assets |
684,- |
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Total
Current assets |
2.162.124,- |
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Inventories
and work in progress (incl. prepayments) |
852.035,- |
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Accounts
receivable (trade) |
1.246.872,- |
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Cash
in hand and at bank |
60.193,- |
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Total
accrued income and prepaid expenses |
3.024,- |
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Total
equity, provisions, liabilities, accrued expenses and deferred income |
2.168.824,- |
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Total
equity (Shareholders' funds) |
57.057,- |
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Issued
(subscribed) capital |
18.592,- |
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Profit
reserves |
37.686,- |
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Legal
reserves |
1.859,- |
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Profit
or loss carried forward |
-1.080,- |
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Total
liabilities |
2.111.767,- |
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Total
long-term liabilities |
1.156,- |
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Total
current liabilities |
2.110.611,- |
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Current
accounts payable (trade) |
900.374,- |
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Current
liabilities to credit institutions |
181.508,- |
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Income
and social tax liabilities |
17.250,- |
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PER,
period that the financial account covers for not consolidated profit and loss
account.: 00
0000 - 31 December 2003 in EUR |
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Main
revenue (sales/turnover) |
5.352.292,- |
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Cost
of goods sold (operational format) |
5.215.938,- |
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Personnel
costs |
570,- |
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Depreciation |
2.930,- |
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Operating
profit or loss |
136.354,- |
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Financial
income |
556.265,- |
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Financial
expenses |
-683.101,- |
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Result
of ordinary operations |
9.518,- |
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Extraordinary
result |
9.518,- |
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Taxes |
-10.598,- |
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Net
profit or loss |
-1.080,- |
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Borrowing
ratio |
3701,15 % |
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Current
ratio |
102,44 % |
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Debt
gearing |
2,03 % |
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Profit
margin. |
2,60 % |
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Quick
ratio |
61,92 % |
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Return
on assets |
32,07 % |
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Return
on equity. |
-1,89 % |
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Solidity
or equity ratio |
2,63 % |
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PER,
period regarding TUn, TRn, TXn, CPI or CPN: 00 0000 - 31 December
2002 in EUR 4.990.579,00 |
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Not
consolidated profit and loss turnover of the business: |
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PER,
period that the financial account covers for not consolidated balance
sheet.: 00
0000 - 31 December 2002 in EUR |
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Total
assets incl. prepaid expenses and accrued income |
1.890.551,- |
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Total
fixed assets |
9.631,- |
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Total
tangible fixed assets |
8.947,- |
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Total
financial fixed assets |
684,- |
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Total
Current assets |
1.880.920,- |
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Inventories
and work in progress (incl. prepayments) |
410.761,- |
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Accounts
receivable (trade) |
1.450.709,- |
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Cash
in hand and at bank |
16.947,- |
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Total
accrued income and prepaid expenses |
2.503,- |
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Total
equity, provisions, liabilities, accrued expenses and deferred income |
1.890.551,- |
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Total
equity (Shareholders' funds) |
58.137,- |
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Issued
(subscribed) capital |
18.592,- |
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Profit
reserves |
37.686,- |
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Legal
reserves |
1.859,- |
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Total
liabilities |
1.832.414,- |
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Total
long-term liabilities |
4.503,- |
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Total
current liabilities |
1.827.911,- |
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Current
accounts payable (trade) |
549.456,- |
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Current
liabilities to credit institutions |
247.703,- |
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Income
and social tax liabilities |
5.000,- |
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PER,
period that the financial account covers for not consolidated profit and loss
account.: 00
0000 - 31 December 2002 in EUR |
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Main
revenue (sales/turnover) |
4.990.579,- |
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Cost
of goods sold (operational format) |
5.308.218,- |
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Personnel
costs |
115,- |
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Depreciation |
3.567,- |
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Operating
profit or loss |
-317.639,- |
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Financial
income |
1.221.120,- |
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Financial
expenses |
-882.112,- |
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Result
of ordinary operations |
21.369,- |
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Extraordinary
result |
21.369,- |
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Taxes |
-6.856,- |
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Net
profit or loss |
14.513,- |
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Borrowing
ratio |
3151,89 % |
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Current
ratio |
102,89 % |
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Debt
gearing |
7,75 % |
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Profit
margin. |
-6,29 % |
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Quick
ratio |
80,29 % |
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Return
on assets |
47,97 % |
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Return
on equity. |
24,96 % |
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Solidity
or equity ratio |
3,07 % |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and principal
sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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