MIRA
INFORM REPORT
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Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
AUTHENTIC DESIGNERS |
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Registered Office : |
C-79, Sector – 63, Noida – 201301, Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1996 |
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Com. Reg. No.: |
20782745 |
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IEC No.: |
0503045764 |
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PAN No.: [Permanent
Account No.] |
AADFA1773B |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers and Exporters of packing machinery, sealing machines and
semi automatic vaccum flushing. |
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 15000 |
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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 an established concern having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. Nothing
adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Yash Chopra |
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Designation : |
Partner |
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Date : |
26.07.2008 |
LOCATIONS
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Registered Office/Factory: |
C-79, Sector – 63, Noida – 201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4331071 / 72 / 2401610 |
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Mobile No.: |
91-9811272160 / 981809216 |
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Fax No.: |
91-120-4355070 |
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E-Mail : |
authenticdesigners@rediffmail.com yash20001@hotmail.com |
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Area : |
18000 sq fts. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Yash Chopra |
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Designation : |
Partner |
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Address : |
Noida |
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Date of Birth/Age : |
34 years |
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Qualification : |
Mechanical Engineering |
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Experience : |
12 years |
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Name : |
Mr. Rishi Jakhmola |
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Designation : |
Partner |
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Address : |
Noida |
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Date of Birth/Age : |
36 years |
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Qualification : |
Mechanical Engineering |
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Experience : |
13 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of packing machinery, sealing machines and
semi automatic vaccum flushing. |
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Products : |
v
Filling and
Sealing Machines v
Automatic Form
Fill And Seal Machines |
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Exports : |
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Products : |
Packing Machinery and Others |
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Countries : |
Europe, USA, Middle East, Italy, China and UAE |
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Terms : |
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Selling : |
Cash / Credit (30 days) |
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Purchasing : |
Cash / Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
75 (Office-15 and Factory-60) |
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Bankers : |
v Punjab and Sindh
Bank, Noida v ICICI Bank,
Noida |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Kailash Yogesh and Company (Chartered Accountant) |
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Address : |
Noida |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.000 Millions |
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Borrowed : |
0.000 |
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Total : |
Rs. 3.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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20.000 |
18.700 |
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Profit/Loss for the year |
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1.589 |
1.523 |
SUMMARISED RESULTS
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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Proprietor’s Capital |
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3.000 |
0.125 |
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Current Liabilities |
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15.460 |
15.500 |
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Fixed Assets |
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5.600 |
5.200 |
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Inventories |
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6.400 |
7.200 |
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Cash and Bank Balance |
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1.467 |
1.412 |
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Other Current Assets |
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12.289 |
12.445 |
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
AUTHENTIC DESIGNERS |
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Address |
C-79, Sector – 63, Noida – 201301, Uttar Pradesh, India |
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2nd address |
C-79, Sector – 63, Noida – 201301, Uttar Pradesh, India |
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Phone/ Mobile Numbers |
91-120-4331071 / 72 / 91-9811272160 |
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Fax Numbers |
91-120-4355070 |
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Electricity Bill |
Electricity bill is in the name of company packing machinery, semi
automatic vaccum. |
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Statutory Approvals |
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Legal Status of Firm |
Partnership Mr. Yash Chopra Aged 34 years Mr. Rishi Jakhmola Aged 36 years |
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Income Tax Registration |
AADFA1773B |
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Name of Bank |
Punjab and Sindh Bank, Noida ICICI Bank, Noida |
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RBI Code Number |
AADFA1773B |
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Credibility Factors |
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IndiaMART Client Since |
New Member |
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Years of Establishment |
1996 |
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Trade Affiliations |
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SSI Registration |
Yes |
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Export Promotion Council |
Nil |
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Chambers of Commerce Membership |
Yes |
Trade References:-
v
Ranbaxy Laboratories Limited, Dewas and Goa
v
Braqss and Gold Limited, Baddi
v
Hero Motors Limited, Ghaziabad
v
Shara India Limited and Hawkins Cookers Limited
Profile:-
Subject is a leading manufacturer, exporter and supplier of
flexible automatic packaging machines, labeling and special purpose machinery.
They offer a gamut of machines like Packaging Machines, Pneumatic Sealer, Pouch
Sealing Machine, Cup Filler Machines and various vertical and horizontal
machinery for flexible packaging in various industries.
The machineries manufactured by them are developed using sophisticated
technology and deep industry expertise. The international quality standards are
maintained by conducting internal audits. Various methods of scrutinizing the automations
are followed to analyze their wear and heat resistance. Quality checks by
professional auditors are carried out in each level of the manufacturing
process.
Their machines are developed with innovation to provide optimum utility. They
are application-specific and therefore, enables customized packaging.
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.42.47 |
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UK Pound |
1 |
Rs.84.00 |
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Euro |
1 |
Rs.66.14 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
YES |
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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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