MIRA
INFORM REPORT
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Report Date : |
30.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
LIFTBOY INDUSTRIES |
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Registered Office : |
48/1/17, Site 4, industrial Area, Sahibabad, Ghaziabad, Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
2000 |
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IEC No.: |
0502035773 |
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PAN No.: [Permanent
Account No.] |
AABFL47344 |
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Legal Form : |
Partnership concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer of Small Lifting Crains |
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 10000 |
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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 concern having
satisfactory track. Trade relations are
fair. Business is active. Payments are reported as usually correct and as per
commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. G K Sharma |
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Name: |
Mr. S K Sharma |
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Designation : |
General Manager |
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Name: |
Mr. Kapil Gupta |
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Designation : |
Chief Executive Officer |
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Date : |
30.04.2008 |
LOCATIONS
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Registered Office/ Factory : |
48/1/17, Site 4, Industrial Area, Sahibabad, Ghaziabad, Uttar Pradesh,
India |
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Tel. No.: |
91-120-2895867 |
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Mobile No.: |
91-9811258518 |
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Fax No.: |
91-120-2895867 |
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E-Mail : |
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Area : |
2000 Sq.yds |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Kateish Gupta |
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Designation : |
Partner |
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Date of Birth/Age : |
35 years |
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Qualification : |
Graduate |
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Experience : |
17 years |
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Name : |
Mr. Ashok Kumar |
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Designation : |
Partner |
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Date of Birth/Age : |
55 years |
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Qualification : |
Graduate |
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Experience : |
35 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Small Lifting Crains |
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Products: |
·
Overhead Cranes ·
EOT Cranes ·
Goliath Cranes ·
Gantry and Jib
Cranes ·
Electric Wire Rope ·
Power Winches ·
Chain Pulley Blocks ·
Slings - Chain/Wire
Rope |
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Exports : |
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Products : |
Lifting Crain |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
L/C, Cash, Credit (60 Days), Sights |
PRODUCTION STATUS
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Particulars |
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Unit |
Actual
Production |
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Medicians and drugs |
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Pallets |
8000 |
GENERAL
INFORMATION
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Customers : |
Local Customers, End Users |
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No. of Employees : |
30 : (25 in Factory and 5 in Office ) |
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Bankers : |
Andhra Bank, Preet Vihar, Delhi – 110 092, India |
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Facilities : |
Limit Rs. 1.500 millions |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.500 millions |
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Borrowed : |
---- |
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Total : |
Rs. 2.500 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
10.000 |
8.500 |
8.200 |
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Profit/Loss for the year |
0.285 |
0.275 |
0.270 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES:
· Bharat Heavy Electrical Limited
· Central Electronic Ind. Limited
OTHER INFORMATION:
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PARAMETER |
DETAIL |
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Statutory
Approval |
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Central Sales Tax Registration |
GD5330286 (DATE 01.07.2000) |
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TIN Registration |
09888801200 |
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Import Export Code |
0502035773 |
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Name of Bank |
Andhra Bank |
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Current Account Number |
OCC 22 |
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Account Since |
8-9 years |
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Company ESI Reg. Number |
213506167 |
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Credibility
Factors |
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India Mart Client Since |
Last 2 years |
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Years of Establishment |
2000 |
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Trade
Affiliations |
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SSR Registration |
Yes |
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Export Promotion Council |
No |
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Chambers of commerce Membership |
No |
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Government Recognized Export House Status |
No |
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Standard and
certifications |
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Quality Management Systems |
In process (ISO Mark final Stage). Also implementing QMS policy |
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Environment Management Systems |
Not Required |
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Other certificates |
Certificate for the measuring instrument |
WEBSITE DETAILS:
The concern is one of India's leading manufacturer of Material Handling Equipment such as Overhead Cranes, EOT cranes, HOT cranes, Jib Cranes, Gantry/Goliath Cranes, Garage/Floor Mobile Cranes, Electric Hoists, Electric/Manual Winches, Chain Pulley Blocks, Travelling Trolleys, Goods Lifts, Chain/Wire Rope Slings.
Concern Profile
The concern is one of India's distinguished manufacturers and exporters of Material Handling Equipment such as Overhead EOT Cranes, Overhead HOT Cranes, Goliath Cranes, Electric Wire Rope, Goods Lifts, Gantry and Jib Cranes, Power Winches , Chain Pulley Blocks , Slings - Chain/Wire Rope. They are capable of delivering high precision equipment of international standards to their customers spread across the globe. They are an organization with requisite capacity to cater to the bulk export orders with quality guaranteed products.
Products
They manufacture and exports any kind of Material Handing Equipment as per the
specifications/drawings of the customers.
Product range includes:
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Cranes |
Other Material Handling Equipment |
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Overhead E.O.T. Cranes Overhead H.O.T. Cranes Jib Cranes Gantry Cranes Goliath Cranes Garage Mobile Cranes Floor Mobile Cranes |
Electric Winches Power Winches Manual Winches Electric Hoists Chain Pulley Blocks Travelling Trolleys Goods Lifts Chain Slings Wire Rope Slings Electric Wire Rope Hoists C Hooks |
Credentials
They have a large number of above equipment's to their credit which are satisfactorily
working in various high priority Government Projects, Industrial Undertakings,
Public and Private Sectors all over the country as well as several overseas
projects across the globe.
High emphasis are being laid on each stage of production to ensure their products are perfect and reliable in every aspect. They have a well-equipped quality control and testing set-up with in-house metallurgical lab to assure good quality products, in built with highest technologies. All inputs, which are used in their products, are as per the requirements of IS/BS standards and DIN provisions.
All their products are passed through the stringent quality control tests on
the various process of production, from procurement of raw material to
assembling and testing before the products are ready to dispatch.
After Sales Service
They provide excellent after sales service. Spare parts are available in stock ready for quick dispatch, to be fitted by their trained service engineers and dealers located all over the globe with sale and service center at Delhi where professionally qualified and well-experienced staff will attend the queries.
Timely Delivery Schedules
With the backing of strong logistic support and supply management team they are capable of delivering consignments within the stipulated time period.
Competitive Pricing
Production in bulk and adherence to cost effective techniques of production enable them to offer their products at competitive prices.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.22 |
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UK Pound |
1 |
Rs.79.94 |
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Euro |
1 |
Rs.62.83 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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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45 |
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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