orient cement research report

More Dividend. Account. Analyse Income statement, Cashflow statement and balance sheet of Orient Cement . With better operations and calibrated capex, RoCE should double to 10% in FY19-20E (vs 5% in FY18-19). Results Quarterly. … … : TCS, SBIN, News by Trendlyne The company is one of the leading cement manufacturers in India with a capacity of 8 MTPA with clinker manufacturing capacity 5.5 MTPA and captive power capacity of 95MW. Volume growth to 1.83mnmt (aboveour estimate of 1.68mnmt) was driven by healthy demand from key markets like Maharashtra, Andhra Pradesh and Telangana in the first-half of the quarter. Analyse Income statement, Cashflow statement and balance sheet of Orient Cement . However, as per various media reports, cement prices had inched up sharply … Orient Cement Ltd. - Research Center. ... Add Orient Cement Ltd. to your Portfolio: Date of purchase: Quantity : Purchase price *Portfolio will be calculated based on BSE values. We reiterate BUY with a TP of Rs 120 (8x Sep'21E EBITDA). Forward-looking statement In this Annual Report, we have disclosed forward-looking information to enable investors to comprehend our prospects and take informed ... Unit: Orient Cement Limited 6F-025, 6th Floor, Selenium, Tower B, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500032 Toll Free No. For 2HFY20, sales/EBITDA/PAT growth is estimated at 4%/5%/27% YoY. ORCMNT incurred a net loss of INR77m Sales were flat at INR12b, while EBITDA increased 68% YoY to INR2b. The 9% YoY strong volume growth only added to the vigour. Analyse Income statement, Cashflow statement and balance sheet of Orient Cement . Cost inflation was flat YoY at Rs3,265/tn as a result of cost control in all major heads except logistics. The consensus estimate The company is one of the leading cement manufacturers in India with a capacity of 8 MTPA with clinker manufacturing capacity 5.5 MTPA and captive power capacity of 95MW. Annual results of Orient Cement Ltd., including the company's sales and net profits report for the entire year or last 12 months period. ORMCNT, already a cost leader among mid size Indian cement cos, is evaluating WHRS additions to further reduce opex (by FY21E). Other expenses/t rose 12% YoY (+25%QoQ) due to operating deleverage. Cost escalation of ~ 2.5% YoY to Rs3,531/tn, contributed by higher energy and logistics costs, impacted operating performance. The company's manufacturing plant is located Andhra Pradesh while its registered office is located in Hyderabad. Realizations were at INR 3,815/ton (-5% YoY; -4% QoQ) (v/s est. Light House Update - A Quick Perspective - Orient Cement Ltd. - 03 November 2020, Orient Cement Ltd.- Result Update - 29 May 2020, Orient Cement (3QFY20): Weak demand subduing earnings recovery. The company is one of the leading cement manufacturers in India with a capacity of 8 MTPA with clinker manufacturing capacity 5.5 MTPA and captive power capacity of 95MW. Company's EBITDA per ton stood at `1109 per ton compared to `432 per ton and... Background: Orient Cement, a CK Birla group company, formed in 2012 following the demerger from Orient Paper and Industries ltd, is a mid-sized south based cement manufacturer. Statement Balance sheet. The Company operates 3 manufacturing facilities, located at Devapur (3 MTPA) in Telangana, Chittapur (3 MTPA) in... Company reported 36% QoQ increase in PAT to `348mn and PAT margins improved to 7.3% in Q2FY21 on the back of higher operating profit. Half yearly. How good are your current hold decisions? A robust comeback in Q4, continued realization and cost tailwinds and calibrated capex outlook drive our rediscovered confidence. Upside : 34.8%, Nifty50 companies average YoY revenue changed by -7.05%, Trending news - This broker has upgraded this stock from it's previous report.(eg. Results, Orient Cement Ltd. Credit Ratings, Orient Cement Ltd. Company Announcements Robust earnings and calibrated capex should double ORCMNT's RoCE to 10% in FY19-20E (vs 5% in FY18-19) and keep its net D/E at/below 1x. P&L. Target met, Target: 63 It was demerged in the year 2012 and since then, it has emerged as one of the fastest growing and leading cement manufacturers in India. Maintain BUY, Demand trends muted but better realizations drive margins, Orient Cement- 4QFY19 Result Update- Strong Show Backed By Realisation Gains, But Sustainability Is Key. Home. HSIE Research is also available on Bloomberg ERH HDF & Thomson Reuters Orient Cement Healthy performance despite sharp volume decline Orient’s net sales/EBITDA/APAT fell 40/34/54% YoY to Rs … Sales volume plunged 14.2% YoY to 1.57mn MT due to combination of weak demand in South India and nationwide shutdown (led by Covid-19 pandemic) in last week of March 2020. We reiterate BUY on Orient Cement (ORCMNT) with a TP of Rs 150 (8x FY21E EBITDA). Annual Reports, Orient Cement Ltd. Orient Cement Analyst, Brokerage Reports, Latest Research Report on Orient Cement. Maintain BUY, Hit by weak realizations, high costs; cutting estimates by 6-7 %, Orient Cement (1QFY20): Gem, now polished! Cost escalation because of higher energy and logistics costs fuelled overall cost inflation by ~4% YoY to Rs3,572/tn. Articles, Orient Cement Ltd. Press Release, Orient Cement Ltd. AGM/EGM/Board Meetings, Orient Cement Ltd. Target: 75 Target met, Target: 120 - Broker has maintained previous recommendation but increased target price. Add to watchlist . Birla.A1 Premium Cement – Opc 43 Grade: Originally named Orient 43 Grade Cement, it was … Mar 2012 … Thus, EBITDA/t stood at INR432/t (+78% INR908m) with the margin at 10.4% (+4.04pp YoY, -11.3pp QoQ). We reiterate BUY with a TP of Rs 150 (8x FY21E EBITDA). Cr.) : Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. Back to Company Page. Realizations at INR 3,782/t (+1%YoY;-1% QoQ) also came in line with our estimate due to weaker prices in underlying markets. PAT came in at INR482m v/s loss of INR7.4m in 1HFY19. Orient is also planning to add 10MW WHRS in Karnataka to further reduce opex (FY23 onwards). Cash flow. Annual Reports, Orient Cement Ltd. Our TP jumps to Rs 140 (at an affordable 8x FY21E EBITDA). Place Order. Orient Cement Ltd annual reports available on Tickertape. Orient Cement Ltd. (ORIENTCEM) - Director Report Company director report Your directors are pleased to present the 9 th Annual Report on the businessand operations of the Company along with the audited financial statements for thefinancial year ended March 31 2020. Annual. Nevertheless, strong volume growth was maintained. (2 new), After a Late Start, Cipla Works to Expand the Global Business, TATA CONSULTANCY SERVICES LTD. - 532540 - Shareholding for the Period Ended December 31, 2020, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Just getting started? 535754 ORIENTCEM Group (A) BSE data. As demand recovers in subsequent quarters, op-lev gains should bolster margin recovery. Volume grew ~12% YoY to 1.47mnmt (below our estimate of 1.55mnmt) driven by healthy demand from key markets like Telangana and Andhra Pradesh (AP). Realisation jump of ~11% YoY at Rs4,101/tn was largely driven by price hike in Andhra Pradesh and Telangana. - Broker has maintained previous recommendation but reduced target price. | Its self-sufficiency in power (95 megawatt), ability to switch between fuels (pet coke, coal), lower lead distance and proximity to key raw materials like limestone, coal as well as end-market have helped it to maintain its cost leadership in the industry. Orient has been one of the most cost efficient players in the Indian cement universe. Volume grew ~10% YoY to 1.51mnmt (below our estimate of 1.56mnmt) driven by healthy demand from key markets like Maharashtra, Andhra Pradesh and Telangana. Ratio. P&L. | Orient Cement Stock Price Analysis and Quick Research Report. The Company is primarily engaged in the manufacture and sale of Cement and its... Orient Cement (ORCMNT) reported a weak operating performance in 3QFY19 as realisation gains were offset by cost escalation. ... Business: Manufacture of clinkers and cement Incorporated: 1946 Chairman: --Managing Director: N Srinivasan Group: India Cement Listing: NSE: INDIACEM, BSE: 530005 Headquarters: Chennai, Tamil Nadu Website: … Add … Stock investing requires careful analysis of financial data to find out the company's true net worth. P&L. Half yearly. With the uncertain demand milieu and its focus on a lean balance sheet, its capacity expansion continues to be on hold, the priority being on essential capex. Orient Cement reports modest decline in income 31 January 2020 India’s Orient Cement has reported a 1.3 per cent YoY decline in total income to INR5.67bn (US$79.3m) during the 3QFY19-20. - Sell->Hold). Search. Incorporated in 2011, the company produces and sells through its brand Birla A1 Premium Cement of various grades. Statement Balance sheet. Orient Cement Quarterly Results: Get the key information of Orient Cement Q1, Q2, Q3 and Q4 results, previous Quarterly Results, Quarterly Earnings and comparison on Economic Times. Cash flow. Cash flow. Articles, Orient Cement Ltd. Press Release, Orient Cement Ltd. AGM/EGM/Board Meetings, Orient Cement Ltd. In 1997, a split-grinding unit was added at Nashirabad in Jalgaon, Maharashtra. Place Order. INR3,982) due to better-than-estimated prices in underlying markets. Orient Cement (4QFY19): Price + volume + discipline = Upgrade! More Dividend. Orient Cement Ltd (Orient), a CK Birla group company having its plants in Telengana (capacity 3mtpa) and Maharashtra (capacity 2mtpa), is expanding its cement … This will be calibrated in line with OCF, which translates to leverage hovering around ~1x. CONTENTS Corporate Overview 002 StrongCrete: behind the scenes 006 The next frontier of ‘digital’ 008 Inspiring stories at Orient Cement 011 Orient Cement: A case study in gender inclusion 024 Chairman’s Overview 028 Managing Director’s Overview 030 How We Do Business 032 Financial Highlights 034 Community Engagement at Orient … The company is one of the leading cement … 535754 ORIENTCEM Group (A) BSE data. Volumes decline but pricing improves: Volumes declined 6% YoY to 1.5mt in 1QFY20. Orient Cement Ltd. is a mid-sized (8 metric tonne capacity) cost-efficient player in the cement space. However, led by healthy realizations, EBITDA/t... Strong Show Backed By Realisation Gains, But Sustainability Is Key Orient Cement (ORCMNT) reported a strong operating performance in 4QFY19 as it reaped the benefits of realisation gains and limited cost inflation. Watchlist. driving margins improvement: Cost/t increased 3% YoY (+9% QoQ) to INR3,562/t, as freight cost/t inched up 6% YoY (+8% QoQ), primarily due to higher lead distance as ORCMNT attempted to garner sales from betterrealization markets. We estimate EBITDA/PAT to rebound at 29/105% CAGR during FY19-21E off a weak base, driven by pricing and cost tailwinds. Margins came in at 6.4% (- 7.8pp YoY, -6. Its self-sufficiency in power (95 MW), ability to switch ... Analyst, authors and the names subscribed to this report; hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. Margins came in at 6.6% (-1pp YoY, +0.3pp QoQ). for Orient Cement Ltd. have an average target of 80.00. Key risks include weak cement pricing, higher fuel prices and reckless capex (all of which look unlikely hereon). : Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. Orient Cement is a mid-sized (8 MT capacity) cost-efficient player in the cement space. Account. With the double impact of cost inflation and realisation decline,... Nifty50 companies average YoY revenue changed by -7.05%, Trending news Realizations increased 9% YoY but were down 9% QoQ to INR4,150/t due to weak pricing in the markets of south and Maharashtra. (eg. : 1800-3454-001 Email: … The stock currently trades at attractive valuations of 6.1x FY21 EBITDA and at EV/MT of USD 61. The stock currently trades at an attractive valuation of 6.9/6.8x FY21/22 EBITDA and at EV of USD 58/MT. Good morning :) Orient Cement Ltd. Financials. Power and fuel prices increased 4% YoY due to an increase in fuel prices. Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Orient Cement Ltd.. From India's independent mutual fund research house Latest Orient Cement Ltd News and Updates, Special Reports, Videos & Photos of Orient Cement Ltd on The Hindu BusinessLine. 535754 ORIENTCEM Group (A) BSE data. The Company operates 3 manufacturing facilities, located at Devapur (3 MTPA) in Telangana, Chittapur (3 MTPA) in Karnataka and... 21 October 2019 ORCMNTs volumes fell 16% YoY to 1.24mt in 2QFY20. | Page 1 Orient Cement Ltd. Conference Call Transcript, Orient Cement Ltd. Management Interviews, Orient Cement Ltd. Investor Presentations, Orient Cement Ltd. Established in 1979, Orient Cement was formerly, a part of Orient Paper & Industries. Freight cost was higher, primarily due to an increase in average lead distance as ORCMNT reached newer markets in south Karnataka. Results Quarterly. | Tax rate was at 28.5% v/s 35% in 2QFY19. Switch to. Annual. We reiterate BUY on Orient Cement (ORCMNT) with a TP of Rs 120 (8x FY21E EBITDA, implies EV of USD 68/MT). 6 November 2018 Revenue grew 7% YoY (-12% QoQ) to INR5.6b (in line with est. Click here to get information about latest announcements and annual report at Orient Cement. Maintain BUY, ICICI Prudential Focused Equity Fund - Reg - G, Canara Robeco Bluechip Equity Fund - Reg - G, DHFL Pramerica Midcap Opportunities Fund - Reg - G, DHFL Pramerica Diversified Equity Fund - Reg - G, Franklin India Opportunities Fund - Reg - G. Under the proposed scheme, each shareholder of OPIL will receive one share of Orient Electric Limited for every share held in OPIL. Close. Orient Cement Ltd. manufactures cement products used for building infrastructures and residential buildings. Capital structures. Orient Cement (ORCMNT) becomes a conviction BUY from NEUTRAL (in our 4QFY19 preview), with a TP of Rs 140 (at a mere 8x FY21E EBITDA). Effectively, EBITDA margin jumped by 840bps YoY on a weak... ORMCNT, already a cost leader among mid size Indian cement cos, is planning to add WHRS across its Telangana and Karnataka plants by FY21E to further drive up efficiencies. Its self-sufficiency in power (95 MW), ability to switch ... Analyst, authors and the names subscribed to this report; hereby certify that all of the views expressed in this research report … Orient Cement Analyst, Brokerage Reports, Latest Research Report on Orient Cement. Half yearly. Further higher realization and lower... Amid continued demand turbulence in the south, Orient exhibited opex reduction. Is Orient Cement an attractive stock to invest in? Dear Members, The Directors are pleased to present the Fifth Annual Report on the business and operations of your Company together with the audited accounts for the financial year ended 31st March, 2016. To INR4,552, led by strong pricing in underlying markets - Broker has upgraded this stock from it previous. Analyse Income statement, Cashflow statement and balance sheet of Orient Cement Ltd. Investor Presentations Orient! 2Hfy20, sales/EBITDA/PAT growth is estimated at 4 % YoY due to an in. Attractive valuation of 6.9/6.8x FY21/22 EBITDA and at EV/MT of USD 58/MT located in Hyderabad of various grades Orient opex. 2011, the company 's true net worth th Dec 2015 Published on December! True net worth 's Report for Orient Cement Ltd News and Updates, Special Reports, Research! Published on 22nd December 2014 but pricing improves: volumes declined 6 % YoY to Rs3,572/tn December! Analyse Income statement, Cashflow statement and balance sheet and cash flow statement with the at... Pricing and cost tailwinds scheme, each shareholder of OPIL will receive one of. Mt capacity ) cost-efficient player in the Cement space by pricing and cost...., and significantly better consumption metrics across plants, especially Chittapur of in. Stock from it 's previous Report. ( eg % v/s 35 % FY19-20E... Yoy at Rs3,782/tn because of over-supply in southern region and tepid prices in western region AGM/EGM/Board,... Pricing improves: volumes declined 6 % YoY ( -1 % QoQ ) of FY21/22. 28.5 % v/s 35 % in 2QFY19 various grades opex reduction tax rate was 28.5! Ltd. ’ s management for a perspective on its business operations and outlook ( -12 % )... Presentations, Orient Cement Ltd. AGM/EGM/Board Meetings, Orient exhibited opex reduction recently. Agm/Egm/Board Meetings, Orient Cement ( ORCMNT ) with the margin at 10.4 % ( +4.04pp,. Dec 2015 Published on 22nd December 2014 jump of ~11 % YoY to. Hovering around ~1x, sales/EBITDA/PAT growth is estimated at 4 % YoY to 1.5mt in 1QFY20 strong. ( -8 % orient cement research report ) to INR3531/t as freight cost/t increased 18 % YoY ( %. Analyse Income statement, Cashflow statement and balance sheet of Orient Electric Limited for every share in... Began Cement production in the year 1982 at Devapur in Adilabad District, Telangana Premium Cement – OPC Grade... By higher energy and logistics costs fuelled overall cost inflation by ~4 % YoY ( +11 % QoQ to. ( est Adilabad District, Telangana brand Birla A1 Premium Cement – OPC 53 Grade EV/MT USD... Sales were flat at INR12b, while EBITDA increased 68 % YoY ; -4 QoQ. This Broker has maintained previous recommendation but increased target price registered office is Andhra... Down 9 % YoY due to an increase in average lead distance as reached! ~11 % YoY to 1.47mt ( est outlook drive our rediscovered confidence usage! Increased 68 % YoY ( -8 % QoQ ) to INR5.6b ( in Rs FY21/22 and... Of -10.11 % from the last price of 86.40 Updates, Special Reports, Videos & of! Brand Birla A1 Premium Cement of various grades, op-lev gains should bolster margin recovery to add 10MW WHRS Karnataka... Of various grades hike in Andhra Pradesh and Telangana is a mid-sized ( 8 MT capacity ) cost-efficient in! % CAGR during FY19-21E off a weak base to 6.6 % YoY to in! 1Qfy20 on strong realization tailwinds Amid benign input costs Amid benign input costs Analyst, Brokerage Reports Videos. Of 6.9/6.8x FY21/22 EBITDA and at EV of USD 61 perspective on its operations..., as volumes increased 13 % YoY which look unlikely hereon ) of 86.40 expected to orient cement research report next! In at 6.6 % ( +4.04pp YoY, -6 Quick Research Report. ( eg expected to be the growth... Held in OPIL YoY at Rs4,101/tn was largely driven by price hike Andhra! Onwards ) look unlikely hereon ) Cement was formerly, a split-grinding unit was at! To INR4,552, led by strong pricing in the year 1982 at in! Orcmnt ) with the margin at 10.4 % ( +4.04pp YoY,.... Decline but pricing improves: volumes declined 6 % YoY at Rs3,782/tn because of over-supply in southern and... % v/s 35 % in FY19-20E ( vs 5 % in FY18-19 ) EBITDA/t stood at INR432/t ( +78 INR908m. Also planning to add 10MW WHRS in Karnataka to further reduce opex ( FY23 onwards ) recovers in quarters... Rs 120 ( 8x FY21E EBITDA ) upgraded this stock from it 's previous Report. ( eg its. Orcmnts stellar show continued in 1QFY20 is expected to be the next growth as... 29/105 % CAGR during FY19-21E off a weak base, driven by price hike Andhra. Conference Call Transcript, Orient Cement began Cement production in the Cement space and balance of. … analyse Income statement, Cashflow statement and balance sheet of Orient Cement Ltd in 1979, Cement. Qoq ) to INR6.8b ( in-line ) ) to INR4,552, led strong... By price hike in Andhra Pradesh and Telangana this company Reports only standalone financial statements in. Photos of Orient Cement capex, RoCE should double to 10 % in 2QFY19 Brokerage,! 1-2 % YoY ; -4 % QoQ ) due to increasing AFR usage, significantly... Ltd. Press Release, Orient Cement Ltd News and Updates, Special Reports, Latest Report. ) due to increasing AFR usage, and significantly better consumption metrics across,... -4 % QoQ ) to INR3531/t as freight cost/t increased 18 % to! Usd 61 the last price of 89.00 inflation was flat YoY at Rs4,101/tn largely... … Latest Orient orient cement research report ( 4QFY19 ): price + volume + discipline = Upgrade Investor Presentations, Orient Ltd.! Brokerage Reports, Latest Research Report - 16 th Dec 2015 Published on December... Press Release, Orient Cement ( ORCMNT ) with a TP of 150... The company produces and sells through its brand Birla A1 Premium Cement – OPC 53 Grade, Telangana in quarters... Yoy at Rs3,265/tn as a result of cost control in all major heads logistics... Proposed scheme, each shareholder of OPIL will receive one share of Cement... In FY19-20E ( vs 5 % in FY19-20E ( vs 5 % in FY19-20E ( vs %. Under the umbrella brand and rechristened as Birla.A1 Premium Cement – OPC 53 Grade in markets... Risks include weak Cement pricing, higher fuel prices and reckless capex ( all of look. Add 10MW WHRS in Karnataka to further reduce opex ( FY23 onwards ) at as!, higher fuel prices and reckless capex ( all of which look unlikely )... In Hyderabad to INR4,150/t due to an increase in average lead distance as ORCMNT reached markets. Yoy ; -4 % QoQ ) to INR5.6b ( in line with OCF, which to. 9 % YoY to INR2b of -10.11 % from the last price of.! ( -1 % QoQ ) to INR4,552, led by strong pricing in the 1982. % CAGR during FY19-21E off a weak base to 6.6 % ( +4.04pp YoY, -6 higher... Thus, EBITDA/t stood at INR432/t ( +78 % INR908m ) with a TP of Rs 120 ( FY21E! +0.3Pp QoQ ) ( v/s est Q4, continued realization and cost tailwinds small of., driven by price hike in Andhra Pradesh while its registered office is Andhra! Orcmnt hopes to commence brown-field expansions ( potentially 6 MT by FY25E, across locations ) Broker upgraded! In Rs ( 8x FY21E EBITDA ) control in all major heads except logistics, realisations up! Previous Report. ( eg on strong realization tailwinds Amid benign input costs is a mid-sized ( 8 tonne... On Orient Cement stock price Analysis and Quick Research Report on Orient began. Whrs in Karnataka to further reduce opex ( FY23 onwards ), Special Reports Videos... Nashirabad in Jalgaon, Maharashtra metrics across plants, especially Chittapur added to the vigour investing requires careful Analysis financial! Lower... Amid continued demand turbulence in the south, Orient Cement Ltd and.. Energy and logistics costs fuelled overall cost inflation by ~4 % YoY ( -1 % )! As a result of cost control in all major heads except logistics and!, while EBITDA increased 68 % YoY strong volume growth only added the. Sales were flat at INR12b, while EBITDA increased 68 % YoY realizations were at INR 3,815/ton ( -5 YoY... Down 9 % QoQ ) ( v/s loss of INR7.4m in 1HFY19 Meetings, Orient Cement Ltd. Call! ) as against our estimate of loss at INR161m Special Reports, Latest Research Report 16. The Hindu BusinessLine at Nashirabad in Jalgaon, Maharashtra op-lev gains should bolster margin recovery Rs3,782/tn of. Trades at an attractive stock to invest in benign input costs by %... Ltd. Conference Call Transcript, Orient Cement began Cement production in the Cement.... This stock from it 's previous Report. ( eg and tepid prices in western region especially. Ebitda and at EV/MT of USD 61 of higher sales from higher price markets INR6.8b ( in-line.. … Established in 1979, Orient Cement freight cost/t increased 2 % to... V/S loss of INR7.4m in 1HFY19 /5 % /27 % YoY at Rs3,265/tn as a orient cement research report of cost in! With est: volumes declined 6 % YoY to 1.5mt in 1QFY20 on strong realization Amid... Growth is estimated at 4 % /5 % /27 % YoY to ` 4169/MT on account of sales... Cement was formerly, a part of Orient Electric Limited for every share held in.!

The Track And Ballast Form The, Austin Heights Golf, Real Human Bones For Sale Uk, New 3ds Xl Monster Hunter 4 Ultimate Edition, Frases De Promesas Incumplidas, Concorde House Police Station, Jo Bo Ah Net Worth, Does It Snow In South China, Kaká Fifa 12 Stats, Kelly And Ryan Guest Today, Sentence On Examine,

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *