MIRA
INFORM REPORT
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Report Date : |
20.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
NUMERIC POWER SYSTEMS LIMITED |
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Registered Office : |
“Numeric House” – 5, Sir P S Sivasamy Salai, Mylapore, Chennai,
Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
12.09.1994 |
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Com. Reg. No.: |
28578 |
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CIN No.: [Company
Identification No.] |
L93090TN1994PLC028578 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHEN00579F |
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Legal Form : |
A public limited liability company. The company’s shares are listed on
the Stock Exchanges. |
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Line of Business : |
Manufacturer
and Trader of Uninterrupted Power Supply [‘UPS’] systems and accessories |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 5100000 |
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Status : |
Good |
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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 company having fine track.
Their trade relations are fair. Financial position is good. Payments are correct
and as per commitments. The company can be considered good for any normal business dealings. It can be regarded as a promising business partner in medium to
long-run. |
LOCATIONS
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Registered Office : |
“Numeric House” – 5, Sir P S Sivasamy Salai, Mylapore, Chennai,
Tamilnadu, India |
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Tel. No.: |
91-44-24993266 / 24990300 / 24998210 |
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Fax No.: |
91-44-24995760 |
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E-Mail : |
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Website : |
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Factory 1 : |
Plot No. B-69, Door No. 47, PIPDIC Industrial Estate, Sedarapet,
Pondicherry – 605111 |
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Factory 2 : |
33/1, PIPDIC Industrial Estate, Sedarapet, Pondicherry – 605111 |
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Factory 3 : |
R. S. No. 33/5, 100 Feet Road, Gayathri Nagar, Mudhaliarpet,
Pondicherry – 605004 |
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Factory 4 : |
R. S. No. 218/6, ECR Bypass Road, Lawpet, Pondicherry – 605008 |
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Factory 5 : |
Shiva Building Sector – 2, Village Dangar, kasauli Road, Parwanoo –
173220, District Solan, Himachal Pradesh |
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Factory 6 : |
Plot – 17A, Sector – 2, parwanoo – 173220, Himachal Pradesh |
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EHTP Division : |
No. 80, Kamarajar Salai, Ground Floor, Raja Annamalaipuram, Chennai –
600028 |
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Fabrication and Stabiliser Division : |
122/1, Old Mahabalipuram Road, Semmanchery, Chennai – 600119 |
DIRECTORS
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Name : |
Mr. R. Veeramani |
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Designation : |
Chairman |
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Name : |
Mr. R. Chellappan |
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Designation : |
Managing Director |
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Name : |
Mr. V. M. Sivasubramanian |
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Designation : |
Director |
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Name : |
Mr. K. P. Sivanandam |
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Designation : |
Director |
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Name : |
Mr. A. Balan |
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Designation : |
Director |
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Name : |
Mr. K. V. Nachiappan |
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Designation : |
Director |
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Name : |
Mr. N. Natarajan |
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Designation : |
Director |
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Name : |
Mr. B. G. Giri |
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Designation : |
Director |
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Name : |
Mr. John J. Dhyanchand |
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Designation : |
Director |
KEY EXECUTIVES
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Name : |
Ms. C. Gayathri |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 31.03.2007
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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Shareholding of Promoter and Promoter Group2 |
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Indian |
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Individuals/ Hindu Undivided Family |
2763641 |
55.27 |
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Bodies Corporate |
15 |
0.00 |
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Foreign |
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Individuals (Non-Residents Individuals/ |
508652 |
10.17 |
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Public shareholding |
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Institutions |
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Mutual Funds/ UTI |
244884 |
4.90 |
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Foreign Institutional Investors |
21260 |
0.43 |
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Non-institutions |
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Bodies Corporate |
326803 |
6.54 |
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Individuals |
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Individuals -i. Individual shareholders holding nominal
share capital up to Rs 0.100 Million |
690469 |
13.81 |
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ii. Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million |
384659 |
7.69 |
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Any Other (specify) |
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Clearing member |
817 |
0.02 |
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Trusts |
58800 |
1.18 |
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TOTAL |
5000000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer
and Trader of Uninterrupted Power Supply [‘UPS’] systems and accessories |
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Products : |
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PRODUCTION STATUS
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Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
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UPS Systems |
Nos |
NA |
NA |
19905 |
GENERAL
INFORMATION
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Customers : |
Banking Insurance & Finance Nationalised Banks Multinational Banks Private & Co-operative Banks SBI & its associates, Citibank, ICICI, HDFC, to name a
few. Research & Educational Institutions Central & State Govt. Research Body Private Institutions Top Tech & Management Institutions AARC, C-DAC, IIT, IIM, ISRO, ISI, NIT, to name a few. Information Technology IT/ITES Corporates BPO's & Services CTS, Wipro, Infosys, Honeywell, Motorala, to name a few. Corporate Multinational Indian Corporate & Manufacturing Houses Reliance, Times, Murugappa Group, TVS Group, ABB, L&T,
MRF, Hero, to name a few. Government State & Central Govt. Bodies Defence & PSU's AAI, ECIL, ITI, IOCL, APTS, NIC, DGSND, BSNL, Indian
Railways, to name a few. Global Customers |
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No. of Employees : |
1359 |
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Bankers : |
State Bank of Mysore Santhome and Industrial Finance Branch BNP Paribas Prince Towers, 25/26, College Road, Chennai – 600006 State Bank of India Industrial Finance Branch, 103, Anna Salai, Chennai – 600002 HDFC Bank Limited Mariam Centre Branch, 751-B Anna Salai, Chennai – 600002 HSBC Limited 76, Cathedral Road, Chennai - 600086 |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S. R. Batliboi and Associates Chartered Accountants |
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Address : |
TPL House, Second Floor, 3, Cenotaph Road, Teynampet, Chennai - 600018 |
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Associates : |
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Subsidiaries : |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5500000 |
Equity Shares |
Rs. 10/- each |
Rs. 55.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
Of the above :
1250000 equity shares of Rs. 10/- each were allotted
as fully paid up bonus shares by capitalization of Profit and Loss account
945000 equity shares of Rs. 10/- each were
allotted as fully paid up pursuant to a contract for consideration other than
cash.
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 [12 Months] |
31.03.2006 [12 Months] |
31.03.2005 [18 Months] |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
50.000 |
50.000 |
50.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
966.061 |
813.162 |
663.700 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1016.061 |
863.162 |
713.700 |
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LOAN FUNDS |
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1] Secured Loans |
188.204 |
179.277 |
145.500 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
188.204 |
179.277 |
145.500 |
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DEFERRED TAX LIABILITIES |
40.610 |
0.000 |
0.000 |
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TOTAL |
1244.875 |
1042.439 |
859.200 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
265.570 |
249.423 |
161.700 |
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Capital work-in-progress |
22.192 |
7.495 |
0.000 |
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INVESTMENT |
45.499 |
66.757 |
16.700 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
484.871
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313.198 |
266.200 |
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Sundry Debtors |
741.867
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740.126 |
563.700 |
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Cash & Bank Balances |
84.426
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89.725 |
124.200 |
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Other Current Assets |
0.054
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1.175 |
0.000 |
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Loans & Advances |
112.632
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77.502 |
94.100 |
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Total
Current Assets |
1423.850
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1221.726 |
1048.200 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
480.404
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473.243 |
344.000 |
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Provisions |
31.832
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29.719 |
23.400 |
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Total
Current Liabilities |
512.236
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502.962 |
367.400 |
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Net Current Assets |
911.614
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718.764 |
680.800 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1244.875 |
1042.439 |
859.200 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 [12 Months] |
31.03.2006 [12 Months] |
31.03.2005 [18 Months] |
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Sales Turnover |
2429.741 |
1984.666 |
1651.000 |
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Service Income |
292.446 |
261.415 |
88.800 |
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Other Income |
35.439 |
46.720 |
0.000 |
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Total Income |
2757.626 |
2292.801 |
1739.800 |
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Profit/(Loss) Before Tax |
241.526 |
234.152 |
274.300 |
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Provision for Taxation |
35.750 |
39.510 |
58.400 |
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Profit/(Loss) After Tax |
205.776 |
194.642 |
215.900 |
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Earnings in Foreign Currency : |
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Export Earnings |
22.922 |
34.652 |
NA |
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Commission Earnings |
12.469 |
30.239 |
NA |
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Royalty and Technical Service |
0.685 |
0.743 |
NA |
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Other Earnings |
0.000 |
1.296 |
NA |
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Total Earnings |
36.076 |
66.930 |
NA |
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Imports : |
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Raw Materials, components and traded goods |
1074.696 |
785.858 |
NA |
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Capital Goods |
6.737 |
0.571 |
NA |
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Total Imports |
1081.433 |
786.429 |
NA0 |
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Expenditures : |
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Personnel Expenses |
206.353 |
154.690 |
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Manufacturing and Other Expenses |
2348.952 |
1908.734 |
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Increase/(Decrease) in Finished Goods |
[99.337] |
[42.170] |
1465.500 |
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Depreciation & Amortization |
21.324 |
12.384 |
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Financial Expenses |
38.809 |
25.011 |
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Total Expenditure |
2516.101 |
2058.649 |
1465.500 |
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QUARTERLY RESULTS
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PARTICULARS |
30.06.2007 |
30.09.2007 |
31.12.2007 |
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Type |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
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Sales Turnover |
762.100 |
1016.900 |
1003.800 |
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Other Income |
31.000 |
9.300 |
1.600 |
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Total Income |
793.100 |
1026.20000 |
1005.400 |
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Total Expenditure |
678.100 |
880.5 |
857.900 |
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Operating Profit |
115.000 |
145.700 |
147.500 |
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Interest |
10.800 |
10.300 |
13.200 |
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Gross Profit |
104.200 |
135.400 |
134.300 |
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Depreciation |
7.100 |
6.000 |
7.700 |
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Tax |
6.900 |
23.200 |
21.000 |
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Reported PAT |
89.100 |
106.200 |
105.600 |
KEY RATIOS
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PARTICULARS |
31.03.2007 [12 Months] |
31.03.2006 [12 Months] |
31.03.2005 [18 Months] |
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Debt-Equity Ratio |
0.20 |
0.21 |
0.28 |
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Long Term Debt-Equity Ratio |
0.00 |
0.00 |
0.00 |
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Current Ratio |
1.86 |
1.90 |
1.93 |
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TURNOVER RATIOS |
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Fixed Assets |
9.06 |
9.52 |
8.96 |
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Inventory |
7.41 |
8.39 |
8.20 |
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Debtors |
3.99 |
3.73 |
3.39 |
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Interest Cover Ratio |
6.77 |
9.47 |
10.69 |
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Operating Profit Margin(%) |
9.60 |
10.25 |
11.91 |
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Profit Before Interest And Tax
Margin(%) |
8.88 |
9.74 |
11.41 |
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Cash Profit Margin(%) |
7.08 |
7.60 |
8.64 |
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Adjusted Net Profit Margin(%) |
6.36 |
7.09 |
8.14 |
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Return On Capital Employed(%) |
23.38 |
24.90 |
25.58 |
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Return On Net Worth(%) |
20.01 |
21.85 |
23.22 |
LOCAL AGENCY
FURTHER INFORMATION
HISTORY
Numeric Power System was promoted for corporate conversion of
the existing non-corporate concers of the Numeric Group i.e. M/s. Numeric
Controls & Systems and M/s. Hi-Power Corporation and was incorporated on
September 1994.
The company now manufactures UPS systems and have largest number of
installations in the country. The company has technical collaboration with M/s
High Performance Drives Inc., USA for manufacture of high frequency MOSFET
based UPS systems and power conditioners. The company has been appointed as the
authorised dealer by Groupe Schneider, France and Information Systems Pte.
Limited, Singapore for their products UPS and IT products respectively.
The company has two manufacturing units are located at Sedarapet, Pondichery
and Semmanchery Village, Chennai.
In 2001-02 the company had launched new products in the line Interactive range
namely DIGITAL 500 which was well received in the market.
The company has retained its top spot in UPS & Power Electronics
Manufacturing for the 9th consecutive year from 1995 on All India ratings. The
newly launched range of intelligent UPS systems have certainly generated a good
momentum in the IT and Banking sector.
During 2002-03, the company has signed an agreement with the Board of
Investment of SriLanka (BOI) and established company's new manufacturing plant
for export of UPS systems and utilise the benefits of Indo SriLanka Free Trade
Agreement(ISFTA).Incorporated as a Private limited company (Numeric Lanka
Technologies Private Ltd),a wholly owned subsidiary of Numeric Power, has
already commenced its operations from Colombo, SriLanka.
MANUFACTURING
FACILITIES & OFFICE DETAILS IN INDIA:
For the benefit of all the new and existing shareowners we are very pleased to
list below the facilities and activities of the company NUMERIC, which has
helped us to achieve a large volume of installed base, which is the highest in
the Industry.
UNIT -1 (MAGNETICS PLANT AT PONDICHERRY): Designs & Manufactures
Transformer and wound component / coil for the own captive consumption.
UNIT - II (UPS PLANT AT PONDICHERRY): Equipped with modern assembly systems and
conveyor line, this plant deals with Design, Manufacture, Sales & Service
of NUMERIC brand UPS systems.
UNIT - III (UPS PLANT AT PONDICHERRY - CUDDALORE ROAD): Produces and supplies
1Ph / 1 Ph
NUMERIC Digital HP series to the IT / Distribution and the fast growing
banking markets in good volumes.
UNIT - IV (UPS PLANT AT PONDICHERRY - ECR): Supplies the NUMERIC Digital HPE
range of UPS systems to the IT / Distribution and the Corporate segment. The
products from this unit are 3Ph / 1 Ph type NUMERIC Digital HPE series.
CNC FABRICATION PLANT (CHENNAI - OLD MAHABALIPURAM ROAD): The modernised sheet
metal process plant encompasses powder coating facility equipped with Murata -
Japan CNC (Computer Numerical Control) punching system, DARLEY - Holland CNC
forming & press brake and GEMA - Switzerland made Powder Coating work
station.
STABILISER MANUFACTURING PLANT (CHENNAI - OLD MAHABALIPURAM ROAD): The
Stabilisers and Power Conditioning accessories are manufactured in this plant
and this unit supports NUMERIC as a total Power conditioning Systems Company in
India.
UNIT - V (UPS PLANT IN HIMACHAL PRADESH - PARWANOO): This plant was
incorporated in September 2005 to support the North India market for supplying
Numeric Digital HP and HPE range of UPS Systemsto the IT / Distribution and the
Corporate segment.
UNIT - VI (UPS PLANT WITH INTEGRATED CNC FABRICATION FACILITY IN HIMACHAL
PRADESH -PARWANOO): The establishment of this new plant is the latest venture
of NUMERIC aiming to support the growth of Northern India market. The facility
was acquired from HIMUDA under lease. The re-construction activities are to
start in July - August 2007.
EHTP: A 100% EOU under the STPI / EHTP (ELECTRONIC HARDWARE TECHNOLOGY PARK)
scheme promoted towards support of exports - located in Chennai. The UL
approved power products are exported to Canada, UK and China and the NUMERIC
brand UPS systems are exported to South America, Singapore, Vietnam, Mauritius,
Dubai and the other African - South Africa, Nigeria, Kenya, Ethopia, Uganda,
Mozambique, Sudan, Malawi and Botswana.
NORTH INDIA REGIONAL HUB (PANCHKULA - CHANDIGARH): Northern India Regional Hub
with warehouse facility established during 2005 for maintaining stocks of all
fast moving UPS systems and accessories to enable NUMERIC to meet increasing
customer demands and to reduce the delivery lead time.
EAST INDIA & NER REGIONAL HUB (SALT LAKE - KOLKATA) - with warehouse
facility established during 2005 for maintaining stocks of all fast moving UPS
systems and accessories to enable NUMERIC to meet increasing customer demands
and to reduce the delivery lead time.
SALES & SERVICE LOCATIONS: 45 sales and service centers have been
added during the year to the existing 156 centers. This has increased the total
number of centers to 201 by the year ended 31st March 2007. This has helped
NUMERIC to extend the market reach and to move even more closer to the
customers.
NUMERIC - SOCOMEC JOINT VENTURE
The Company entered into a Joint Venture with the French UPS major SOCOMEC S.A,
to distribute, market and service the 3 phase range of UPS Systems of > 10
KVA Products ( 3 phase input / 3 Phase output) manufactured by SOCOMEC S.A. to
customers in India and provide all related services thereto. A JVC in the name
of SOCOMEC - NUMERIC UPS PRIVATE LIMITED was incorporated for the above
mentioned purpose and the Launch of the product and its distribution and
service has been successful.
In a very short time the JVC has won many prestigious projects from CISCO -
ORACLE - BMW - NOKIA - GOLDMAN SACHS - FRANKLIN TEMPLETON - YES BANK - YAHOO
DATA CENTRE - CTS - HEXAWARE - SIFY - I GATE - LOGICA CMG - HCL TECHNOLOGIES
and many other.
FINANCIAL
PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE
The Sales Turnover of the Company registered an increase of 20.74% as compared
to the previous year (FY 2005-06) and the profit after tax went up from Rs.
172.289 Millions to Rs. 188.067 Millions during the current year (FY 2006 - 07)
registering a PAT increase of 9.16% before consolidation.
MANAGEMENT
DISCUSSION AND ANALYSIS REPORT
INDUSTRY STRUCTURE AND DEVELOPMENTS
DEVELOPMENT OF ADVANCED UPS
Numeric retained the No.1 spot (*) for the 14th consecutive year on the all
India ratings in the fragmented Indian UPS market where Indian manufacturers
and several MNCs are in close competition. Numeric has launched a new series of
intelligent UPS systems - Digital HPE series - that has generated a good
momentum in the IT / Banking sector. Numeric had already launched the very
popular series NUMERIC Digita\ HP UPS systems five years back in 20 different
versions. During the previous financial year NUMERIC Digital HPE series of
On-Line UPS systems suitable for addressing the Corporate & IT sector was
introduced into the market. NUMERIC has the total range of 1 Phase and 3 Phase
UPS systems that are built with Advanced Technology and State-of-the-art
features suitable for Unitary and Parallel redundant configurations addressing
a wider band of the Industry from PCs, Servers, Banks, Data Centers, Healthcare
and Large IT Network protection. (*) Source - SOFTDISK.
The current advancement is also driving the ability to offer remote
monitoring through customer IT networks (SNMP - Simple Network Management
Protocol) and WEB enabled solutions aiming at reduction in service turnaround
time and cost. NUMERIC has very much witnessed the cost control to be more
effective with High Tech approach. The most important agenda for the R&D
and the management team is to ensure roll out of new products and that the
quality objectives are met with the ISO 9000 - 2000 / QMS policies and
practices.
NUMERIC UPS DISTRIBUTION - CHANNEL
DEVELOPMENT
The UPS systems are considered to be the lifeline for all major activities of
IT / Software / Banking / Insurance / Education etc and needs a good visibility
while expanding in to the rural parts / C class towns of India. A good reach to
the market has been achieved through the efficient channels created by NUMERIC.
As planned NUMERIC has already appointed TWO national Distributors and over 100
potential channel partners and grew of close to 1000 partners.
FIXED
ASSETS
- Land
- Building
- Plant and
Machinery
- Office
Equipment, electrical etc
- Computers
- Furniture and
fittings
- Vehicles
AS PER WEBSITE
Profile
NUMERIC
is powered by all new-technology which represents years of advancement towards
one goal of positioning the company as Market Leader and be the single largest source
for a wide range of power solution systems. With the Nation wide sales and
service network in 203 locations as well as International operations is truly
growing Multinational in the Power Management solutions arena.
Ever
since its advent in 1984 NUMERIC's focus has always been the excellence in
quality of products and dedication in service. And this has facilitated NUMERIC
to carve a niche for itself in the Indian UPS market and has made the brand
NUMERIC a legend in the country. NUMERIC has been the "No.1 Online UPS
Manufacturer in India" for the Thirteenth consecutive year ( Soft Disk
award 2006).
An
important milestone of NUMERIC was in 1996 when the company went Public.
NUMERIC's stocks have since then been listed in the Stock Exchanges of Mumbai
and Chennai.
The
teams of highly qualified professionals are instrumental in the revolutionary
transition of achieving a strong global leadership based on integrated value
chain and competence in all relevant business processes.
R
& D and Product development
NUMERIC
employs Graduate and Post Graduate Engineers of high caliber from India's top
Tech Institutions to develop and innovate the best power conditioning solutions
to all needs. Adding fuel to the creative fire for tomorrow's world on power
management, the research and development activities are powered with backward
integration, feedback mechanism on market trend from all the 201 locations.
With continuous technological innovation and staying close to the customer
enabled Numeric to develop advanced power solutions for Indian and
International market .
Manufacturing
units/Plants
To set
the standards high, Eight world class manufacturing units are located in
Chennai, Pondicherry , Parvanoo and Colombo in Sri Lanka
Pondicherry,
India
The plant at Pondicherry is a state-of-the-art manufacturing
facilities for mass production of UPS and being the first ISO : 9001 - 2000
accredited manufacturing facility by a UPS company in India with a distinction.
The Transformer and Magnetic components plant at Pondicherry
- to support the in house transformers and would components requirement is a
step forward in backward integration
Chennai, India
A wide range of well designed mid and high end UPS systems
and Telecom Power supply products are manufactured in Chennai.
The CNC Fabrication plant in Chennai - MURAT Centrum 2000
TPP from Japan, DARLEY, Holland - Hydraulic press Brake and GEMA VOLSTATIC
Switzerland powder coating system makes this plant modernise and capable of
producing MNC quality sheet metal enclosures for mass production
Parvanoo, HP, India
The Parvanoo plant manufactures UPS systems upto 20 KVA to
meet North Indian customer need.
Colombo, Sri Lanka
A modern facility in Colombo, Srilanka (A BOI Company)
manufactures world class highly efficient Digital HP series UPS system for
International market.
Business Partner
Numeric
Power Solutions Provider ( NPSP)
NPSP
program in Numeric is the unique partnering program to reward and help Partners
to grow the top and bottom line and reward for their performance and initiative
in the Power conditioning space.
Benefits:
- Reward and recognition
- Training & Education
- Lead generation and Joint call support
- Integrated Incentive Program
To
join as Numeric Power Solution Provider ( NPSP)
Registered
NPSP Application Form
Submit the Application Form to n.kumaran@numericups.com / shanmugaraj@numericups.com
Numeric has two tier distribution model wherein the Numeric range of power
conditioning products are available to the NPSP’s through the National
Distributors:
SES
TECHNOLOGIES LIMITED
SES HOUSE, PLOT NO. 70, C CROSS
ROAD, MIDC, ANDERI (E) MUMBAI - 400 093
Phone : 91-22 - 30862508 / 32462339
Fax : 91-22 - 30862607
Mr. Subhash Kanauji,
Mobile : 093226 52903
Email : skanauji@sesindia.com
eSYS INFORMATION TECHNOLOGIES
Corporate Office Address eSys
Information Technologies Limited, 521, Udyog Vihar, Phase III, Gugaon (Haryana)
Phone : 91-124
-3010678/ 79 , 0124 -3010645
Fax : 91-124
-3010633 /710
Mr. Vinay Mishra,
Mobile : 93135 89259
Email : vinay@esysmail.com
COMPUAGE INFOCOM LIMITED
NO.3, DHURU BUILDING FIRST FLOOR
329, VITHALBHAI PATEL ROAD MUMBAI - 400 004
Phone: (022) 23842200 /01/02
Fax: (022 )23842210
Mr. Nilesh Mistry,
Mobile: 092232 09431
Email: nilesh.mistry@compuageindia.com
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.93 |
|
UK Pound |
1 |
Rs.84.17 |
|
Euro |
1 |
Rs.66.82 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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 |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<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 |
|