MIRA
INFORM REPORT
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Report Date : |
29.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
D M EXCLUSIVE |
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Registered Office : |
# 142/3, Shiva Complex, V Main, Chamarajpet, Bangalore – 560 018,
Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2007 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Trader of Product used for Edge/Corner Protection for any Construction. |
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 2000 |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern and yet to establish its track. Trade relations are reported as fair but no payment records are known. Initially, the concern can be considered for small business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
# 142/3, Shiva Complex, V Main, Chamarajpet, Bangalore – 560 018,
Karnataka, India |
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Tel. No.: |
91-80-22414243 / 41220566 |
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Fax No.: |
91-80-41220566 |
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E-Mail : |
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Branches : |
Located at: · Hyderabad · Goa |
SOLE PROPRIETOR
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Name : |
Dr. (Mrs). Roopa Kumar |
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Designation : |
Proprietor |
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Age : |
28 years |
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Qualification : |
B.D.S |
KEY EXECUTIVES
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Name : |
Mr. Kumar S |
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Designation : |
Chief Executive Officer |
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Age: |
37 years |
BUSINESS DETAILS
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Line of Business : |
Trader of Product used for Edge/Corner Protection for any
Construction. |
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Terms : |
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Selling : |
Credit (30-60 days) |
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Purchasing : |
Credit (30-60 days) |
GENERAL
INFORMATION
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Suppliers : |
· Duram Trims and Profiles Private Limited, Chennai · Dural Line, Mumbai · V K Industries, Bangalore |
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Customers : |
· Brigade Group, Bangalore · Puruvankara Developers, Bangalore · Divyashri Developers, Bangalore · ISRO, Bangalore |
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No. of Employees : |
4 |
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Bankers : |
Sri Charan Co-Operative Bank, Gandhi Bazaar, Bangalore – 600 004,
Tamil Nadu, India |
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Facilities : |
Group enjoys facilities to the extent of Rs. 0.900 million
approximately |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
K S G Subramanian and Company Chartered Accountants |
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Address : |
Coimbatore, Tamil Nadu, India |
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Memberships : |
FKCCI |
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Associates/Subsidiaries : |
Décor Marketing |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.400 million |
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Borrowed : |
--- |
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Total : |
Rs. 0.400 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2009 (Projection) |
31.03.2008 (I - Partial
Year) |
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Sales Turnover |
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2.500 |
0.400 |
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Profit/Loss for the year |
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About 10 % |
About 10 % |
Average value of Inventories at any given time Rs. 0.100 million
(approximately)
LOCAL AGENCY
FURTHER INFORMATION
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Parameters |
Detail |
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Existence Verification |
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Name |
D M EXCLUSIVE |
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Address |
# 142/3, Shiva Complex, V Main, Chamarajpet, Bangalore – 560 018,
Karnataka, India |
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Phone / Mobile Numbers |
91-80-41220566/919880740660 |
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Fax Number |
91-80-22414243 |
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Electricity Bill |
W 2 P 1426 |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship Firm |
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Income Tax Registration |
APNPK0326F |
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VAT / TIN Registration |
29410763807 |
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Name of Bank |
Sri Charan Co-op Bank Limited |
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Current Account Number |
1989 |
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Account Since |
2007 |
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Creditability Factors |
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India Mart Client Since |
Recently |
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Years of Establishment |
2007 |
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Trade Affiliations |
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Chamber of Commerce Membership |
FKCCI |
WEBSITE DETAILs:-
Subject is the brain child of the parent concern ‘Décor Marketing’ –
Bangalore, India. Being the first to introduce ‘Trims and Profiles’ in the
construction industry of Karnataka in 1995, Décor Marketing has since then
introduced many products in this segment and has successfully been catering to
the ever growing institutional segment of the industry.
With an urge to educate and promote the product line to the retail segment of
the industry, a concept showroom was evolved, showcasing complete range of Trims
and Profiles. Apart from demonstrative sample displays of products, animated
video of every product is made available for better understanding..
To extend this facility and to ensure easy availability of their product range
like aluminum corner trim, pvc corner trim, steel corner trim, the concern
showroom outlets shall be opened in multi locations.
With a vision of creating an Enterprise that not only provides Unique Products
that have ‘Utmost Utility’ value, clubbed with best possible service to its customers,
the concern also believes in taking social responsibility towards the society
by creating employment opportunity directly and indirectly and training them to
be good human beings with values.
Products
Their wide range of Trims and Profiles includes Edge Guard (Al. and
PVC), Angle Guard (Al), Midline Profile (PVC), Separator (Al.), Carpet Trim
(Al.), Tile Trim-outer (PVC/Al./SS), Cove Trim-Inner (PVC/Al.), Tile
Spacer(PP), Step Guard (Al. and Hard PVC), Closed F-Profile (PVC), Plaster Edge
Profile (GI/PVC) and L-Angle (Al.), Etc. Their array of Trims and Profiles are
known for the following features:
· Sturdy structure
· Dimensional accuracy
· Durability
· Conformance with industry standards
They procure their wide range of Trims and Profiles, from leading vendors
across India to ensure their consistency.
Segments Catered To
With their ethical business policies, they have catered to a large
number of segments. Some of them are as under:
· Apartments
· Corporate facilities
· Factories
· Hotels
· Hospitals
· Houses
· Tile/Hardware showrooms
· Govt. facilities such as ISRO
Infrastructure
They possess an extensive infrastructure, which comprises of several
retail outlets, fully automized office and a capacious warehouse, which assist
them in conducting their business transactions with ease.
Their retail outlets are designed in a proper manner, by understanding the
consumer behavior, to provide their customers with ease in finding their
specific requirements. Proper displays, coupled with use of demonstrative
videos, help of their customers in understanding the features and applications
of their entire range.
Their office is fully equipped with latest software’s, which enable them to
conduct their regular transactions with ease, thereby assisting them in
offering prompt service to their customers.
Additionally, they also possess a capacious warehouse, which enables to stock
huge inventory. Their warehouse is segregated into various sections, which aids
them in the easy access and retrieval of the stored range and thereby expedite
the fulfilling of client’s orders.
Workforce
They are supported by diligent team of professionals whose constant hard
work and effort help them in achieving their goal of total satisfaction of
their customers. Their efforts have helped them in gaining frequent orders from
their clients’ and have also aided them with their wide clientele. Their
proficient team encompasses:
· Business Development Mgrs. and Execs.
· Dispatch Execs.
· Godown Incharge Personnel
· Inventory Analysts
· Accounts and Admin Execs.
Their Inventory Analysts have the in-depth understanding of changing
requirement of the industry and procure advanced and dimensionally accurate range
of trims and profiles. Further, their organization has been able to expand the
business on an extensive platform due to the innovative marketing strategies
adopted by their sales and marketing personnel.
Quality Assurance
They lay special emphasis on maintaining superior quality on their
entire product range; as a result they make certain that they procure their
range exclusively from their trusted vendor base. Their efficient quality
inspectors ensure that they properly monitor and inspect the procured products,
in order to ensure that they are at par with the international standards. Their
rigorous quality checks have enabled them to offer a flawless range of trims
and profiles. Being a quality focused organization; they check their range of
trims and profiles at each of the following stage:
· Time of procurement at manufacturer’s end
· After procurement at their premises
· Time of packaging
· Before dispatch
· Some of the parameters on which their range is checked include:
· Dimensions
· Color and Shade
· Build quality
· Finish
· Correct Quantity
All these parameters have made them the first choice of their clients,
ahead of their competitors.
Clientele
Their success in the business is based on their vast base of clientele,
which they have served with their qualitative range. Their Clients comprises
of:
· Architects
· Builders
· Developers
· Projects
· Contracting companies
· Contractors
· Tile Layers
Some of the clients, which they have served in the recent past includes:
· Aakruthi Projects
· Adarsh Developers
· B.L Kashyap and Sons
· Bearys Group
· Brigade Developers
· Daya MK Developers
· GoldenGate Properties
· I D E B Projects
· JMC Projects
· L and T ECC
· Mantri Developers
· Mfar Holdings
· Prestige Constructions
· Purvankara Developers
· Rohan Builders
· Shriram Properties
· Sobha Developers
· Vaswani Group
· Wipro Technologies
Further, to facilitate easy transaction with their customers, they offer
them with several payment models such as cash and demand draft. 
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.46.43 |
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UK Pound |
1 |
Rs.85.38 |
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Euro |
1 |
Rs.67.95 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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27 |
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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