MIRA
INFORM REPORT
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Report Date : |
16.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
INDIA EXPORT AND IMPORTS |
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Registered Office : |
No. 18/1-18/2, 15th Cross Bhuvaneshwarinagar, Dasarahalli, Bangalore
– 560024, Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2004 |
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PAN No.: [Permanent
Account No.] |
AKJPK24072 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Exporters and Importers of top
grade cotton and poly viscose textiles and effective solar panels. |
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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Maximum Credit Limit : |
USD 5000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern meeting its smaller commitments
timeously. Trade relations are fair. Scale of activity is limited. The concern can be considered good for small to mediocre business
dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Ayyaswamy Kumaresh |
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Designation : |
Proprietor |
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Date : |
07.06.2008 |
LOCATIONS
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Registered Office : |
No. 18/1-18/2, 15th Cross Bhuvaneshwarinagar, Dasarahalli,
Bangalore – 560024, Karnataka, India |
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Tel. No.: |
91-80-65688277 |
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Mobile No.: |
91-9448115423 |
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Fax No.: |
91-80-23624623 |
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E-Mail : |
indiaexportimport@gmail.com |
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Website : |
www.trustseal.org/members.indiaexportandexport www.indiamart.com/indiaexportandimport |
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Area : |
800 sq ft |
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Location : |
Rented |
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Branch 1 : |
S.V.K. Complex, 55/1, Lakmana Mudaliar Street, 2nd Cross,
Commercial Street, Bangalore – 400002, India |
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Area : |
600 sq ft |
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Location : |
Owned |
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Branch 2: |
2nd Cross, Commercial Street, Bangalore-400001, Karul,
India |
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Area : |
1200 sq ft |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Ayyaswamy Kumaresh |
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Designation : |
Proprietor |
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Date of Birth/Age : |
39 years |
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Qualification : |
B. A |
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Experience: |
20 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporters and Importers of top
grade cotton and poly viscose textiles and effective solar panels. |
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Exports : |
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Countries : |
Sri Lanka |
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Imports : |
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Products: |
Textiles |
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Countries : |
China and Taiwan |
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Terms : |
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Selling : |
Against Payment |
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Purchasing : |
Advance Payment (60-90 days) |
GENERAL
INFORMATION
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Suppliers : |
v Vani
International, Tamilnadu v Three Chic Head
Enterprises, China v Ashok Overseas,
Karur, Tamilnadu |
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Customers : |
v Amaya, Sri Lanka v Kandyan Resort,
Sri Lanka v Care Free Club,
Sri Lanka v Wholesalers v Resorts |
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No. of Employees : |
9 |
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Bankers : |
Bank of India, J. C. Road Branch, Bangalore -400002, India |
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Facilities : |
Rs. 1.500 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Agarwal (Chartered Accountant) |
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Address : |
J. C. Road, Bangalore- 400002, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 Million |
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Borrowed : |
0.000 |
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Total : |
Rs. 1.000 Million |
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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2.500 |
2.000 |
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Profit/Loss for the year |
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15% |
15% |
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Export Value |
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2.500 |
2.000 |
Average value of inventories at any given time Rs . 0.700 Million
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL
ACCEPTANCE CHART
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Parameters |
Detail |
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Existence
Verification |
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Name |
INDIA EXPORTS AND IMPORTS |
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Address |
No. 18/1-18/2, 15th Cross Bhuvaneshwarinagar, Dasarahalli,
Bangalore – 560024, Karnataka, India |
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2nd Address |
S.V.K. Complex, 55/1, Lakmana Mudaliar Street, 2nd Cross, Commercial
Street, Bangalore - 400002 |
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Phone / Mobile Numbers |
91-80-65688277 / 91-9448115423 |
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Fax Numbers |
91-80-23624623 |
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Electricity Bill |
8 EEH 14920 |
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Statutory
Approvals |
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Legal status of firm |
Proprietory |
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Income Tax Registration PAN |
AKJPK240L |
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Central Sales Tax Registration |
06342190 |
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Service Tax Registration |
Nil |
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VAT / TIN Registration |
29480201314 |
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Excise Registration |
NIL |
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Import Export Code |
0705026213 |
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Name of Bank |
Bank of India |
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Current Account Number |
840720110000035 |
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Account Since |
2004 onwards |
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Emp PF Registratin Number |
Nil |
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Company ESi Registration Number |
Nil |
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RBI Code Number |
Nil |
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Credibility
Factors |
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Indiamart Client Since |
3 years |
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Year of Establishment |
2004 |
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Trade
Affliations |
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SSI Registration |
Nil |
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Export Promotion Council |
Nil |
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Chambers of Commerce Membership |
Nil |
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D and B D-U-N-S Number |
Nil |
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Government Recognised Export House Status |
Nil |
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Other Affliations |
Nil |
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Standards and
Certifications |
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Quality Management Systems |
Yes |
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Environment Management System |
No |
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Safety Certificates |
No |
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Product Certificates |
No |
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Other Certificates |
No |
Trade References:-
v Venj International, Karur
v Ashok Overseas
v Three Chic Shed Enterprises, Taiwan
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 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.87 |
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UK Pound |
1 |
Rs.83.41 |
|
Euro |
1 |
Rs.66.11 |
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 |
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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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
|
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 |
|
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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