MIRA
INFORM REPORT
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Report Date : |
22.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
PEGASUS HRD CENTRE PRIVATE LIMITED |
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Registered Office : |
NO.46, 15TH Cross, 1st Block, RT Nagar, India-560032,
Karnataka |
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Country : |
India |
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Date of Incorporation : |
06.06.1996 |
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Com. Reg. No.: |
08-20593 |
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CIN No.: [Company
Identification No.] |
U74720KA1996PTC020593 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRP01662D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provider of Management Training |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company having moderate track. The
company has not filed any financials with the government departments till date.
Trade relations are fair. Payments are usually made as per commitments. The company can be considered for small to mediocre business dealings
with slight caution initially. |
INFORMATION PARTED
BY
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Name : |
India Afzal |
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Designation : |
Account Manager |
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Date : |
21.07.2008 |
LOCATIONS
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Registered Office : |
NO.46, 15TH Cross, 1st Block, RT Nagar,
India-560032, Karnataka, India |
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Tel. No.: |
91-80-23623484 |
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Fax No.: |
91-80-23623516 |
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E-Mail : |
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Website : |
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Area : |
7000 Sq ft |
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Location : |
Rented |
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Corporate Office: |
145, Royale Enclave, Sri Tampura Village, Rachanahalli, Jakkur Post,
India-560064, Karnataka, India |
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Branches: |
Located at Chennai, Dheradun, Bangalore, Pune, Bhuvaneshwar (Orissa) |
DIRECTORS
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Name : |
Mr. S Ravi Capt |
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Designation : |
Managing Director |
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Address : |
No.145 Royal Enclave Near JNCI, Sriramapur Village, Jakkur Post,
Bangalore -560064 Karnataka, India |
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Date of Birth/Age : |
50 years |
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Qualification : |
Graduate |
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Date of Appointment : |
06.06.1996 |
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Name : |
Mr. K R Prabhu |
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Designation : |
Director |
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Address : |
No.580/2 9th Cross I Main Road, Veswantpura,
Bangalore-560022, Karnataka, India |
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Date of Birth/Age : |
64 years |
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Qualification : |
Graduate |
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Date of Appointment : |
16.11.2002 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As On 30.09.2005
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Names of Shareholders |
No. of Shares |
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Mr. Ravi Capt |
19820 |
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Mr. KR Prabhu |
10 |
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Mr. Shanmugam |
10 |
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Total: |
19840 |
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Equity Share Break Up (As on 27.09.2004)
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Particulars |
Percentage |
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Directors or Relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Provider of Management Training |
GENERAL
INFORMATION
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No. of Employees : |
10 (In Corporate Office), 25 (Consultants) Total-35 |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Chandra Shekhar (Chartered Accountant) |
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Associates/Subsidiaries : |
People’s Choice, Bangalore, Karnataka, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity Shares |
Rs.10/- each |
Rs.0.200 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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19820 |
Equity Shares |
Rs.10/- each |
Rs.0.198
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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80.000 |
Expected Sales (2008-09) : Rs.120.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Note:
The registered office of the company is shifted from 246, 4th
Main, 15th Cross , 2nd Block, RT Nagar, Bangalore-560032,
Karnataka, India To No.46, 15th
Cross, 1st Block, RT Nagar, Bangalore 560032, Karnataka, India with
effect from 25.06.2008
Form No 8:
Bankers Charges
Report as per Registry
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Name of the company |
PEGASUS HRD CENTRE PRIVATE LIMITED |
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Presented By |
Abu Dhabi
Commercial Bank Limited, Bangalore Branch City Centre
No.28, Church Street, Bangalore-560001 |
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1) Date and description of instrument creating the change |
05.05.2004 Letter Evidencing
Deposit Of Title Deeds |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.5.000 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 |
Equitable mort
created by deposit of title deeds on company’s immovable property bearings sy
no. 8, Budgatimmanahalli, Manchenahalli, Gauribidnur Taluk, Kolar measuring
totally 4 acres 20 Guntas , towards the credit facilities granted to M/s the
People Choice. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest and
margin as applicable from time to time repayable on demand |
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5) Name and Address and description of the person entitled to the charge. |
Abu Dhabi
Commercial Bank Limited, Bangalore Branch City Centre No.
28, Church Street, Bangalore-560001 |
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This form is for |
Modification of
charge |
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Charge
identification number of the modified
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90196474 |
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Corporate
identity number of the company |
U74720KA1996PTC020593 |
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Name of the
company |
Pegasus Hrd
Centre Private Limited |
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Address of the
registered office or of the principal place of business in India of the company |
246, 4th
Main, 15th Cross, 2nd Block , Rt Nagar, Bangalore-560032,
Karnataka, India |
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Type of charge |
Immovable Property |
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Particular of
charge holder |
Abu Dhabi
Commercial Bank Limited No.28, City
Centre, Church Street, Bangalore-560001, Karnataka, India |
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Nature of
description of the instrument creating or modifying the charge |
Letter Of
Continuing Security |
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Date of
instrument Creating the charge |
04.04.2008 |
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Amount secured by
the charge |
Rs.16.500
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of interest: CC:BPLR @12% p.a
at monthly rests Terms of
Repayment: Repayable as per schedule Margin: CC:30% Extent and
Operation of the charge: Charge Extends on
all the assets throughout the period of sanctioned limits by way of first
charge Others: EM on immovable
property situated at site no 1 and 2, old property 69/8, house list khata no.
1119, Dasarahalli Village, K R Puram Hobli, Bangalore East Taluk belonging to
Capt S Ravi Director. |
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Short particulars
of the property charged |
EM on companies
immovable properties situated at survey no8 Buddadathimmanahalli,
GauribidanurTaluk, Bangalore District towards credit facilities sanctioned to
M/S The People’s Choice, Bangalore. |
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Date of latest
modification prior to the present modification |
11.02.2006 |
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Particulars of
the present modification |
Total Limits
Enhanced From Rs.7.500 millions to Rs.16.500 millions All other terms, conditions
and existing securities to continue. |
Trade References:
- ABB
- Accenture
- TBM
- Kotak Mahindra
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.42.71 |
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UK Pound |
1 |
Rs.85.11 |
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Euro |
1 |
Rs.67.73 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
YES |
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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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36 |
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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