MIRA
INFORM REPORT
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Report Date : |
06.10.2007 |
IDENTIFICATION DETAILS
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Name : |
BUSINESS OCTANE SOLUTIONS PRIVATE LIMITED |
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Registered Office : |
1710 A, Beverly Park II, |
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Country : |
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Date of Incorporation : |
02.01.2007 |
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Com. Reg. No.: |
036514 |
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CIN No.: [Company
Identification No.] |
U72200HR2007PTC036514 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKB03632G |
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PAN No.: [Permanent
Account No.] |
AADCB0430H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject provides productivity enhancement solutions and services to
various organizations. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish itself. Nothing much could
be said about the subject at present. Company’s first financials are awaited.
No further details or payment could be made available. The Company can be considered for small to mediocre business dealings
with slight caution, initially. |
LOCATIONS
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Registered Office : |
1710 A, Beverly Park II, |
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E-Mail : |
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Website : |
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Hear Office : |
New Bridge Business Centre, 5th Floor, Technopolis Building,
Golf Course Road, Sector 54, Gurgaon – 122 002, Haryana, India |
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Corporate Office: |
15th Floor, Tower A, Building No. 9, |
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Tel. No.: |
91-124-4375760 (10 lines) |
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Toll Free No.: |
1800 180 1818 |
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Fax No.: |
91-124-4375762 |
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E-Mail : |
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Branches: |
Located at v
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Kolkata v
Mumbai v
Pune v
v
Chennai v
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DIRECTORS
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Name : |
Mr. Sanjay Bansal |
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Designation : |
Director |
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Name : |
Mr. Vikas Bansal |
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Designation : |
Director |
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Name : |
Mr. Harsh Bhatia |
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Designation : |
Director |
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Name : |
Mr. Krishan Chander Bansal |
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Designation : |
Director |
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Name : |
Mr. Ashok Sharma |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Sanjay Bansal |
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249960 |
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Mr. Harsh Bhatia |
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10 |
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Mr. Vikas Bansal |
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10 |
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Mr. Krishan Chander |
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10 |
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Mr. Ashok Sharma |
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10 |
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Mr. Vishal Bansal |
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10 |
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Mr. Rajesh Suri |
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10 |
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Total |
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250020 |
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Category |
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Percentage
of Holding |
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Directors or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject provides productivity enhancement solutions and services to
various organizations. |
GENERAL INFORMATION
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Bankers : |
Not Available |
CAPITAL STRUCTURE
Authorized Capital:
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No. of Shares |
Type |
Value |
Amount |
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10000000 |
Equity Shares |
Rs. 10.00 each |
Rs. 100.000 Millions |
Issued, Subscribed & Paid-up Capital:
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No. of Shares |
Type |
Value |
Amount |
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250020 |
Equity Shares |
Rs. 10.00 each |
Rs. 2.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Available
LOCAL AGENCY FURTHER INFORMATION
Subject provides productivity enhancement solutions and services for various
organizations which would help them take faster decisions, better team work,
less time to market and make substantial savings specialty in the Domain of
Conferencing Security, Communication and Audio Visuals.
Website details attached:
Company Overview
Organizations grow when their people are empowered, and aligned to a
common vision. They are dedicated to make this happen. By providing a
comprehensive range of learning and collaboration solutions, they empower the
organization’s biggest asset – the workforce.
By touching upon areas that out across the entire enterprise, they
ensure that every aspect of the business is in sync and customers have the
power to galvanize the entire organization. The capability to transform this
collective power into a competitive advantage is the difference they make,
revving up the business to ensure a seamless transition from practical training
to actual implementation.
A Philosophy based
on Trust
They have a simple philosophy when it comes to selling, Implementing and
providing post-sales support on their solutions. A direct one-to-one
relationship forms the base of this philosophy. No intermediaries, No
middlemen. It’s just customer and they. Not in one city, but across the
country.
See it to believe
it
Their philosophy of ‘first see for yourself before you buy’, a very
innovative building blocks approach to deliver their solutions across the
enterprise. They undertake an end-to-end responsibility for delivering the
solution that would held the customers to get the benefits of increased
productivity far sooner than the expectation.
They strongly believe in ‘under-promising and over-delivering’, and do
all it takes to keep the customers pleasantly surprised at every step.
Much more than
state-of-the-art, yet amazingly simple
It is not just about the cutting edge technology, or the latest fanciful
gizmos, or providing an integrated solution.
They go far beyond this, into a realm where it is all about their
customers’ concerns, solving all their problems on which they had either given
up or put them on a back burner. Creating new opportunities for their customers
to benefit from, which would drive higher innovation, efficiency and
productivity, is their core competency.
They are proud that it is also about highest value for money, offering
the highest functionality in diverse usages, easy replicability across the
enterprise, and most important of all, simplicity of usage. The end result is a
much higher return on the investment.
Solutions Overview
To help the organization become more innovative, efficient and hence
more profitable, subject provides three principal solutions:
Founder’s
Philosophy
Subject has been founded and spearheaded by Mr. Sanjay Bansal, Chairman
of the board and Managing Director.
His fundamental mission of making a big difference to the client’s
enterprises by empowering their teams is the driving force behind subject. By
helping the organization’s biggest asset – its people – learn faster than ever
before and galvanize each and every employee t meet the organization goals is
the core philosophy of subject.
He has a vision to make company a truly global enterprise with worldwide
leadership and take it beyond a billion US dollars in annual revenues.
The key values that he brings to company are:
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Under promising and over delivery
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Creating simple-to-use solutions that customers
would love to use
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Giving customers the biggest bang for their buck
with complete peace of mind.
He is also a very strong votary of direct customer relationship without
any intermediaries. In spite of this being the most difficult way to serve the
customer. He is aware that this requires assuming the highest possible
responsibility and creating a ten times larger workforce, but it is also the
best way to deliver the highest possible value to the customers. Be it
pre-sales support or project management or post sales support. Company would
always serve its customers directly.
He has been a very keen student of marketing and buyer psychology from
the beginning of his career. From his experience of leading the marketing and
direct sales teams selling to enterprise over last 15 years, his personal
involvement in making major purchase decisions and personal insights, he has
come to a well-thought out conclusion. He believes that a majority of the
customers “do not know exactly what they want” because they do not know “what
is what” and “how it would make a difference to them” This goes contrary to the
generally accepted marketing paradigm that “customers know what they want and
the role of a marketing centric organization is to satisfy those needs.”
That is why he has a strong conviction that selling is so easy but
buying is so difficult. If the customers do not know what exactly they need,
then it has serious implications for slowing down the customers buying.
Customers always buy when they see they are getting a higher value than the money
they are paying for it. So the more they delay the buying, the more they would
miss out on the additional value that they would have got if they had made a
well informed decision earlier.
This fundamental insight has helped him work with majority of Fortune
500 companies and top Corporates in
He also strongly believes that good sakes
people do not sell but help the customers to buy. That is why subject has
created one of the largest and most innovative demonstration infrastructures in
the world in the domains of collaboration, learning and vision synchronization.
The company demonstration infrastructure is always available for the customers
to see for themselves how it can help them in a big way across
He is also very passionate about uniformity in
complete operations and is a strong believer in processes without compromising
on individual brilliance for easy replicability and giving customers total
peace of mind.
He holds a PGDM in marketing and finance from
IIM Lucknow and a BE in mechanical engineering from
Vision Statement
To become the world’s most preferred
enterprise productivity enhancing solution provider in the realms of
collaboration, learning, and vision synchronization by helping enterprises
become more innovative, efficient and competitive so that they can grow faster
and become more profitable.
They are motivated and inspired by the
difference they can make to their clients’ enterprise. They aim to do this by;
v Empowering teams across the client’s enterprise by taking care of even
the smallest details and helping them get the most out of their conferences and
meetings.
v Ensuring that every employee learns more and learns faster during
training and the results show in his performance henceforth.
v Galvanizing each employee to understand and meet the organization’s
stretch goals, thereby creating a higher sense of belonging and achievement.
Values
As an organization, and as individuals, they
value professional excellence, honesty, integrity, openness, continuous
improvement, and mutual success. They are committed to their customers and
pride theirselves in making a valuable difference to their customer’s business.
The hold theirselves accountable to their commitments, providing the best value-for-money,
and striving for the highest quality.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 39.49 |
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1 |
Rs. 80.41 |
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Euro |
1 |
Rs. 55.76 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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18 |
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
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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. |
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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