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E Rickshaw (Electric Tuk Tuks) Manufacturing Business 74545

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[NPCS/5069/23380]

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Introduction
E-Rickshaws are small vehicles, with three wheels and use electric
power from batteries to run. They use an electric motor as engine
which draws electric power from the rechargeable batteries installed in
the rickshaw body. These battery operated vehicles are perfect for
small distant transport, both cargo and people; they are perfect for
running on narrow streets because of their small size. But the biggest
reason for their popularity is low operating cost and zero air pollution.
In a nutshell you can say they are bigger version of rickshaws powered
by electricity.

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They are like normal rickshaws but powered by electric motor instead
of petrol or diesel motor. They are perfect for a pollution free,
environment friendly transport system in short distances. Actually
they are not capable of running long distance.

E-rickshaws are now one of the preferred mode of transport in streets


because of its low maintenance cost, low fuel cost, Eco-friendly, no
noise pollution, easy to drive and last but not the least livelihood, e-
rickshaw is a boon to the common man. Without putting in much
physical efforts and without investing much amount of money, the
earning is quite good for an e-rickshaw driver and hence it is an
important means of livelihood for many.

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These e-rickshaws consist of 3 wheels with a differential mechanism at
rear wheels. Basically these vehicles has a mild steel tubular chassis.
The motor is brush-less DC motor manufactured mostly in India and
China. The electrical system used in Indian version is 48VDC can run
90– 100 km/full charge, top speed 25 km/hour and this electric motor
power ranging from 650-1400 Watts; the battery takes 8–10 hrs to
become fully charged. Basic seating capacity is driver plus 4 passenger
total 5 persons.

These vehicles are now started using in transporting light weight goods
as e-loader. Hence there are lots of opportunities of income.

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Below are some of the main reason why this e-rickshaw is going to get
more support from people and from government in future:-

Eco-Friendly: Since this vehicle runs on electricity, it can never emit


smoke. This way one can travel across the city without polluting the
air. Batteries used in these vehicles can be recycled and can be
disposed of without any problem.

Less Expensive: This e-rickshaw can be easily afforded by a middle


class person who cannot shell out much money. No doubt, these
vehicles are very economical for both passengers and drivers.

No Sound Pollution: This e-rickshaw produce less noise compared to


vehicles which run on petrol and diesel. Since entire engine of this e-
rickshaw runs with the electricity of the battery attached to the
vehicle which results in less noise.

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Maintenance: Since this vehicle has no engine, and gearbox
maintenance of this vehicles comes very cheap. It’s very easy to
charge the battery. All you need to do is, pay money for charging the
battery.

Safety: E-rickshaw involves less risk compared to auto rickshaw which


runs with fuel. They cause fewer accidents.

Fare and Cost of Vehicle: This e-rickshaw are affordable to buy, one can
buy this vehicle at the price of a bike in India. One can buy this e-
rickshaw at a price of 95,000 Rs. When it comes to motor rickshaw you
need to spend 2 lakhs of rupees, which is too expensive.

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Need of E-rickshaw:

As population increases there came to a need for the fast & eco-
friendly mode of transports. Then started the evolution of electric
vehicles especially E- rickshaws and electric automobiles. So many
technologies were there which supported a reliable battery and the
weight of the needed number of batteries elevated the price of making
an electric vehicle.

Battery Rickshaw or the Electric Tricycle is the latest Eco Friendly


vehicle which is most suitable for covering short distances.

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E Rickshaws are three wheel battery operated vehicles, which are
considered as an upgrade to conventional rickshaws, and economically
better than auto rickshaws and other fuel variants, these rickshaws,
since are battery powered have zero emission, and is often argued to be
much better than other rickshaws as they are considered almost
pollution free.

E rickshaw is a three wheel battery operated vehicle, which are


considered as an upgrade to conventional cycle or pedal rickshaws,
vastly popular in Asian countries and some South African regions and
parts of Europe. It consist of an electric battery powered drive train
and required no conventional fuel.

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Market Outlook
Indian electric rickshaw market is projected to reach 935.5 thousand
units by 2023, the market growth is majorly driven by government
incentives and environmental policies, and declining battery prices.
Passenger carriers held a larger share in the Indian electric rickshaw
market in 2017, accounting for more than 95% revenue. They are
expected to continue holding a larger market share in the coming years
as well, on account of the large passenger base in the country, coupled
with the growing demand for low-cost shared mobility.

Electric rickshaws with 1,000–1,500 W motor power contributed the


largest share to the market during the historical period.

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A large number of such rickshaws are equipped with 1,000–1,500 W
motor, as it provides operational cost benefits. However, with the
growing demand for quality products and the entry of big, organized
players, the demand for vehicles equipped with higher-power motors is
expected to increase in the Indian electric rickshaw market during the
forecast period.

North India was the largest market for electric rickshaws during the
historical period. The region contributed close to 70% volume share to
the Indian electric rickshaw market in 2017. However, during the
forecast period, the market is expected to witness the fastest growth in
East India. One of the most important aspects of these e rickshaws are
their contribution to the economy, as thousands of individuals become
self-employed and they are earning their livings by driving these
battery rickshaws on daily basis.

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The demand for the rickshaws has significantly increased over the past
few years owing to its low running costs that helps rake in higher
profits. With people becoming conscious about the damage done by
conventional fuels, the E-rickshaws are set to increase in popularity in
the coming years.

The Indian electric rickshaw market is primarily dominated by a large


number of small, unorganized local players, which accounted for
around 85% of the sales in 2017. Some of the major players in the
market are Lohia Auto Industries, Kinetic Green Energy and Power
Solutions Ltd., Hero Electric Vehicles Pvt. Ltd., Terra Motors
Corporation, Clean Motion India, and Saera Electric Auto Pvt. Ltd.

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Machinery Photographs

Automatic Marking Machine

MIG Welding Machine

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Compressor

Screw, Nut, Bolt Tightening Machine

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Project at a Glance
COST OF PROJECT MEANS OF FINANCE
Propose Propose
Particulars Existing d Total Particulars Existing d Total
Land & Site
Development Exp. 0.00 100.00 100.00Capital 0.00 80.91 80.91
Buildings 0.00 146.00 146.00Share Premium 0.00 0.00 0.00
Other Type Share
Plant & Machineries 0.00 28.75 28.75 Capital 0.00 0.00 0.00
Motor Vehicles 0.00 5.00 5.00Reserves & Surplus 0.00 0.00 0.00
Office Automation
Equipments 0.00 13.55 13.55Cash Subsidy 0.00 0.00 0.00
Technical Knowhow Internal Cash
Fees & Exp. 0.00 10.00 10.00 Accruals 0.00 0.00 0.00
Franchise & Other Long/Medium Term
Deposits 0.00 0.00 0.00 Borrowings 0.00 242.73 242.73
Preliminary& Pre-
operative Exp 0.00 1.00 1.00Debentures / Bonds 0.00 0.00 0.00
Provision for Unsecured
Contingencies 0.00 2.00 2.00 Loans/Deposits 0.00 0.00 0.00
Margin Money -
Working Capital 0.00 17.34 17.34
TOTAL 0.00 323.64 323.64TOTAL 0.00 323.64 323.64

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Project at a Glance
Yea Annualised Boo Debt Divid Retained Payo Proba P/E Yield
r k end Earnings ut ble Ratio Price/
Valu Marke Book
e t Price Value
Per No.of
EPS CEPS Per Share Share Per Share Time
` ` ` ` ` % ` % ` s %
1- 15.3 100.
2 5.38 8.14 8 24.00 0.00 00 5.38 0.00 5.38 1.00 0.00
2- 23.7 100.
3 8.32 10.78 0 18.00 0.00 00 8.32 0.00 8.32 1.00 0.00
3- 34.8 100.
4 11.15 13.35 5 12.00 0.00 00 11.15 0.00 11.15 1.00 0.00
48.7 100.
4-5 13.85 15.81 0 6.00 0.00 00 13.85 0.00 13.85 1.00 0.00
65.0 100.
5-6 16.39 18.15 8 0.00 0.00 00 16.39 0.00 16.39 1.00 0.00

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Project at a Glance
Yea D. S. C. R. Debt / Equity Total Retur Profitability Ratio Asset Curre
r - as- Net n on s nt
Depo Equity Wort Net Turno Ratio
sits h Wort ver
Debt h Ratio
Individ Cumula Over GPM PBT PAT Net P/V
ual tive all Contri Ratio
bution
(Number of
(Number of times) times) % % % % % %
Initi
al 3.00 3.00
1- 19.47 290.3 43.36
2 1.23 1.23 1.56 1.56 2.14 % 10.00% 6.50% 2 % 1.75 0.89
21.38 337.8 43.24
2-3 1.55 1.39 0.76 0.76 1.19 % 13.47% 8.61% 3 % 1.89 1.19
22.64 10.10 386.0 43.24
3-4 1.93 1.55 1.92 0.34 0.34 0.68 % 15.91% % 7 % 1.91 1.59
23.46 11.15 434.3 43.24
4-5 2.37 1.73 0.12 0.12 0.39 % 17.61% % 1 % 1.85 2.06
23.97 11.88 482.5 43.24
5-6 2.88 1.92 0.00 0.00 0.22 % 18.78% % 5 % 1.75 3.64

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Project at a Glance
BEP
BEP - Maximum Utilisation Year 5
Cash BEP (% of Installed Capacity) 53.58%
Total BEP (% of Installed Capacity) 56.53%
IRR, PAYBACK and FACR
Internal Rate of Return .. ( In %age ) 24.22%
2 Years 4
Payback Period of the Project is ( In Years ) Months
Fixed Assets Coverage Ratio ( No. of times ) 5.125

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Major Queries/Questions Answered in the Report?

1. What is E-Rickshaw Assembling industry ?

2. How has the E-Rickshaw Manufacturing industry


performed so far and how will it perform in the
coming years ?

3. What is the Project Feasibility of E-Rickshaw


Assembling Plant ?

4. What are the requirements of Working Capital for


setting up E-Rickshaw Manufacturing plant ?

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5. What is the structure of the E-Rickshaw
Manufacturing Business and who are the
key/major players ?

6. What is the total project cost for setting up E-


Rickshaw Assembling Business?

7. What are the operating costs for setting up E-


Rickshaw Assembling plant ?

8. What are the machinery and equipment


requirements for setting up E-Rickshaw
Manufacturing plant ?

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9. Who are the Suppliers and Manufacturers of Plant
& Machinery for setting up E-Rickshaw Assembling
plant ?

10. What are the requirements of raw material for


setting up Electric Rickshaw Manufacturing plant ?

11. Who are the Suppliers and Manufacturers of Raw


materials for setting up E-Rickshaw Manufacturing
Business?

12. What is the Manufacturing Process of E-Rickshaw?

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13. What is the total size of land required for setting up
E-Rickshaw Manufacturing plant ?

14. What will be the income and expenditures for E-


Rickshaw Manufacturing Business?

15. What are the Projected Balance Sheets of E-


Rickshaw Manufacturing plant ?

16. What are the requirement of utilities and


overheads for setting up E-Rickshaw Assembling
plant?

17. What is the Built up Area Requirement and cost for


setting up E-Rickshaw Assembling Business?

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18. What are the Personnel (Manpower)
Requirements for setting up Electric Rickshaw
Manufacturing Business?

19. What is the Plant Layout for setting up E-Rickshaw


Manufacturing Business?

20. What is the time required to break-even of E-


Rickshaw Assembling Business?

21.What is the Break-Even Analysis of E-Rickshaw


Assembling plant?

22.What are the Project financials of E-Rickshaw


Manufacturing Business?

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23. What are the Profitability Ratios of E-Rickshaw
Assembling Project?

24. What is the Sensitivity Analysis-Price/Volume of


E-Rickshaw Assembling plant?

25. What are the Projected Pay-Back Period and


IRR of E-Rickshaw Manufacturing plant?

26. What is the Process Flow Sheet Diagram of E-


Rickshaw Manufacturing project?

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27. What are the Market Opportunities for setting
up E-Rickshaw Manufacturing plant?

28. What is the Market Study and Assessment for


setting up E-Rickshaw Manufacturing Business?

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1. PROJECT LOCATION
1.1. District Profile & Geotechnical Site Characterization
1.1.1. General
1.1.2. History
1.1.3. Climate
1.1.4. Topography
1.1.5. Map
1.1.6. Economy
1.1.7. Industry at a Glance
1.1.8. Transport
2. INTRODUCTION

3. ADVANTAGES & DISADVANTAGES OF E RICKSHAWS

4. CONSTRUCTION OF E RICKSHAW

5. MAJOR PARTS & COMPONENTS

6. WORKING PRINCIPLE

7. B.I.S. SPECIFICATIONS

8. MARKET SURVEY
8.1. Three-Wheelers
8.2. E Rickshaws
8.3. Newly Emerging Indicators

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8.4. Leading Brands
8.5. Market Structure

9. EXPORT & IMPORT: ALL COUNTRIES

10. EXPORT & IMPORT STATISTICS DATA OF INDIA

11. MANUFACTURING PROCESS

12. PROCESS FLOW CHART

13. QUALITY CONTROL


13.1. Motor
13.2. Motor Controller and the Power Supply System
13.3. Storage Battery
13.4. Mechanical Power Transmission
13.5. Overall Rickshaw Design
13.6. Supplier/Manufacturer Conditions

14. SUPPLIERS OF PLANT & MACHINERY

15. SUPPLIERS OF RAW MATERIAL

16. PHOTOGRAPHS/IMAGES FOR REFERENCE


16.1. Product Photographs
16.2. Machinery Photographs
16.3. Raw Material Photographs

17. PLANT LAYOUT


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Project Financials
• Project at a Glance Annexure

• Assumptions for Profitability workings ………………………..1


• Plant Economics…………………………………………………..2
• Production Schedule………………………………………………3
• Land & Building……………………………………………….……4
Factory Land & Building
Site Development Expenses

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• Plant & Machinery……………………………………………..……..5
Indigenous Machineries
Other Machineries (Miscellaneous, Laboratory etc.)

• Other Fixed Assets………………………………………..........….......6


Furniture & Fixtures
Pre-operative and Preliminary Expenses
Technical Knowhow
Provision of Contingencies

• Working Capital Requirement Per Month……………………….…7


Raw Material
Packing Material
Lab & ETP Chemical Cost
Consumable Store

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• Overheads Required Per Month and Per Annum………….…….…8
Utilities & Overheads (Power, Water and Fuel Expenses etc.)
Royalty and Other Charges
Selling and Distribution Expenses

• Salary and Wages …………………………………………....……..9

• Turnover Per Annum ……………………………………….....…10

• Share Capital…………………………………………………….....11
Equity Capital
Preference Share Capital

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• Annexure 1 :: Cost of Project and Means of Finance

• Annexure 2 :: Profitability and Net Cash Accruals

 Revenue/Income/Realisation
 Expenses/Cost of Products/Services/Items
 Gross Profit
 Financial Charges
 Total Cost of Sales
 Net Profit After Taxes
 Net Cash Accruals

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• Annexure 3 :: Assessment of Working Capital requirements

 Current Assets
 Gross Working Capital
 Current Liabilities
 Net Working Capital
 Working Note for Calculation of Work-in-process

• Annexure 4 :: Sources and Disposition of Funds

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• Annexure 5 :: Projected Balance Sheets

 ROI (Average of Fixed Assets)


 RONW (Average of Share Capital)
 ROI (Average of Total Assets)

• Annexure 6 :: Profitability Ratios

 D.S.C.R
 Earnings Per Share (EPS)
 Debt Equity Ratio

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• Annexure 7 :: Break-Even Analysis

 Variable Cost & Expenses


 Semi-Variable/Semi-Fixed Expenses
 Profit Volume Ratio (PVR)
 Fixed Expenses / Cost
 B.E.P

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• Annexure 8 to 11 :: Sensitivity Analysis-Price/Volume

 Resultant N.P.B.T
 Resultant D.S.C.R
 Resultant PV Ratio
 Resultant DER
 Resultant ROI
 Resultant BEP

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• Annexure 12 :: Shareholding Pattern and Stake Status
 Equity Capital
 Preference Share Capital
• Annexure 13 :: Quantitative Details-Output/Sales/Stocks
 Determined Capacity P.A of Products/Services
 Achievable Efficiency/Yield % of Products/Services/Items
 Net Usable Load/Capacity of Products/Services/Items
 Expected Sales/ Revenue/ Income of Products/ Services/
Items

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• Annexure 14 :: Product wise Domestic Sales
Realisation

• Annexure 15 :: Total Raw Material Cost

• Annexure 16 :: Raw Material Cost per unit

• Annexure 17 :: Total Lab & ETP Chemical Cost

• Annexure 18 :: Consumables, Store etc.


• Annexure 19 :: Packing Material Cost

• Annexure 20 :: Packing Material Cost Per Unit

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• Annexure 21 :: Employees Expenses

• Annexure 22 :: Fuel Expenses

• Annexure 23 :: Power/Electricity Expenses

• Annexure 24 :: Royalty & Other Charges

• Annexure 25 :: Repairs & Maintenance Expenses

• Annexure 26 :: Other Manufacturing Expenses


• Annexure 27 :: Administration Expenses

• Annexure 28 :: Selling Expenses

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• Annexure 29 :: Depreciation Charges – as per Books (Total)
• Annexure 30 :: Depreciation Charges – as per Books (P &
M)
• Annexure 31 :: Depreciation Charges - as per IT Act WDV
(Total)
• Annexure 32 :: Depreciation Charges - as per IT Act WDV
(P & M)
• Annexure 33 :: Interest and Repayment - Term Loans
• Annexure 34 :: Tax on Profits
• Annexure 35 :: Projected Pay-Back Period and IRR

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identifying the target customer group of the product

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• This report helps you understand the viability of the project by

disclosing details like machinery required, project costs and

snapshot of other project financials

• The report provides a glimpse of government regulations

applicable on the industry

• The report provides forecasts of key parameters which helps to

anticipate the industry performance and make sound business

decisions

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Our Approach:

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outlook and forecast for a period of five years.

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Scope of the Report
The report titled “Market Survey cum Detailed Techno Economic
Feasibility Report on E-Rickshaw Assembling.” provides an
insight into E-Rickshaw market in India with focus on uses and
applications, Manufacturing Process, Process Flow Sheets, Plant
Layout and Project Financials of E-Rickshaw project. The report
assesses the market sizing and growth of the Indian E-Rickshaw
Industry. While expanding a current business or while venturing
into new business, entrepreneurs are often faced with the
dilemma of zeroing in on a suitable product/line. And before
diversifying/venturing into any product, they wish to study the
following aspects of the identified product:

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• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period

We at NPCS, through our reliable expertise in the project


consultancy and market research field, have demystified the
situation by putting forward the emerging business opportunity
in the E-Rickshaw sector in India along with its business
prospects. Through this report we have identified E-Rickshaw
project as a lucrative investment avenue.

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o Entrepreneur India (An Industrial Monthly Journal)

www.entrepreneurindia.co
How are we different ?
o We have two decades long experience in project consultancy and
market research field
o We empower our customers with the prerequisite know-how to take
sound business decisions
o We help catalyze business growth by providing distinctive and
profound market analysis
o We serve a wide array of customers , from individual entrepreneurs
to Corporations and Foreign Investors
o We use authentic & reliable sources to ensure business precision

www.entrepreneurindia.co
Our Approach

Requirement collection

Thorough analysis of the project

Economic feasibility study of the


Project

Market potential survey/research

Report Compilation

www.entrepreneurindia.co
Contact us
NIIR PROJECT CONSULTANCY SERVICES
106-E, Kamla Nagar, Opp. Spark Mall,
New Delhi-110007, India.
Email: [email protected] , [email protected]
Tel: +91-11-23843955, 23845654, 23845886, 8800733955
Mobile: +91-9811043595
Fax: +91-11-23845886
Website : www.entrepreneurindia.co , www.niir.org
Take a look at NIIR PROJECT CONSULTANCY SERVICES on #StreetView

https://goo.gl/VstWkd

www.entrepreneurindia.co
Follow us
https://www.linkedin.com/company/niir-project-
consultancy-services

https://www.facebook.com/NIIR.ORG

https://www.youtube.com/user/NIIRproject

https://plus.google.com/+EntrepreneurIndiaNewDelhi

https://twitter.com/npcs_in

 https://www.pinterest.com/npcsindia/

www.entrepreneurindia.co
For more information, visit us at:
www.niir.org
www.entrepreneurindia.co

www.entrepreneurindia.co

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