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MIRA INFORM REPORT
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Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
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Name : |
BELLCLIFF (PTY) LTD |
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Registered Office : |
3 Eskom Street, Rustenburg, North West Province |
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Country : |
South Africa |
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Date of Incorporation : |
25.03.2002 |
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Com. Reg. No.: |
2002/006919/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacture of machinery for mining, quarrying and construction |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Africa |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Assessment:
This is an established company meeting its commitments within terms.
The subject is reported to be free of judgements.
The subject utilizes staff and services of other companies in the group.
The company received a bank code C.
The maximum amount revealed in the trade references is R200 000
over 30 days.
It is suggested all dealings be secured.
Company Information
|
Registered
Name |
BELLCLIFF (PTY) LTD |
|
Trading
as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name
Change |
N/A |
|
Registration
Number |
2002/006919/07 |
|
Registration
Date |
2002-03-25 |
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Date Commenced
Trading |
2004 |
|
History of
Business |
The subject began in 2002 however was establishing itself and began
fully trading in 2004. |
|
History of
Principals |
The principals are both well experienced in the manufacturing and
mining industries. |
|
Shareholders of
subject and % holding |
50% J BELLAMY 50% O CLIFFORD |
|
Authorised Share
Capital |
R120 divided into R1 shares |
|
Issued Share
Capital |
R120 |
|
Age of Company |
9 years 4 months |
|
Status |
In Business |
|
Operations
Assessment |
Manufacturing of equipment for mineral
separation and the importing of rubber which is used in the process. |
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Industry/
Customers |
Mining industry |
|
Major Industry
Code / SICC |
35740 Manufacturing |
|
Definition of
Code |
Manufacture of machinery for mining,
quarrying and construction. |
|
Head Office
Physical Address |
3 Eskom Street RUSTENBURG North West Province |
|
Head Office
Postal Address |
P O Box 1412 RUSTENBURG 0300 |
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Current Tel
Number Cell number |
014 5920725 083 4427990 |
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Current Fax
Number |
014 5923082 |
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Current Email
Address |
|
|
Web Site Address |
None |
Auditors Information
|
Company
Registered Name |
G J VAN DER MERWE AND COMPANY INC |
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Trading Name |
None |
|
Registration
Number |
2005/005713/21 |
|
Physical Address |
121 Rail Street FLORIDA 1710 |
|
Postal Address |
P O Box 277 FLORIDA HILLS 1716 |
|
Contact Person |
Johan |
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Contact Number |
082 3387532 |
|
Email |
|
|
Principals |
Gert Van Der Merwe |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject Verified
as Client |
Yes |
|
Proff number |
901348 |
|
VAT Number |
4470220080 |
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Tax Number |
Declined |
|
BEE Status |
Unknown |
|
Financial Year
End |
February |
|
Years With
Auditors |
5 years |
|
Website |
None |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
VAN RENSBURG AND COMPANY |
Unknown |
Tax Information
|
Vat Number |
4900244775 |
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Status |
Active |
|
Vat Liable Date |
August, Bi monthly |
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Tax Number |
9464319145 |
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Tax Clearance
Expire Date |
June |
|
Financial Year
End |
June |
Black Economic
Empowerment
|
Status |
Yes |
|
Score |
Level 4 |
|
Expire Date |
Unknown |
|
BEE Certificate
Available |
No, apparently changing BEE score at present |
ISO Status
|
Type of ISO Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate
Available |
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|
Certified by an
Accredited Agent |
|
Workman’s compensation
|
Registered |
No |
|
Compliance
Certified |
No |
Company Structure
|
Branches |
None |
|
Branches Names |
Country |
Province |
|
None |
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Subsidiary
Company |
None |
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Shareholding |
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Registration
Number |
|
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Import / Export |
|
|
Number of
Employees |
Only the 2
Directors, This business also uses employees of the group companies at
present. |
|
1.
Salaried
employees |
2 |
|
2.
Waged
employees |
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|
3.
Permanent
employees |
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4.
Casual
employees |
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5.
Contracted
employees |
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Company Fleet |
None, all assets
of the subject are held in an associate company namely: BELLCLIFF INDUSTRIAL
(PTY) LTD. |
|
Fleet Operations |
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The Fleet is
made up of |
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1.
Cars |
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2.
Light
Delivery Vehicles |
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3.
Trailers |
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4.
Busses |
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5.
Trucks |
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6.
Fork
Lifts |
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7.
Other |
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Head Office
Owned/ Rented |
Rented |
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Rental Company |
VENNET CORP |
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Lease Agreement |
3 years |
|
Lease Expire
Date |
2014 |
|
Type of Premises |
Factory, office , storage |
Trade References
The subject imports as well as purchasing from other group companies.
Local references are below.
|
Supplier |
Contact |
|
RHELOGAN |
011 8171808 |
|
ATVAL |
011 8273554 (Dierdre) |
|
L-FLEX |
011 4226110 |
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BRIDGE SHIPPING |
011 6253000
|
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Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
2004 |
R350 000 |
R200 000 |
30 days -2.5 % |
R35 000-
R200 000 |
30 days -2.5% |
Very Good |
|
6 years |
No |
R60 000 |
30 days |
R50 000-
R60 000 |
30 days |
Good |
|
Few years |
No |
R100 000 |
30 days -2.5 % |
Up to
R100 000 |
30 days -2.5% |
Excellent |
Adverse
Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Deeds Information
|
Property Interest |
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Property Type: |
None |
Stand Number: |
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Street Number: |
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Street Name: |
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Municipal Suburb: |
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Municipal City: |
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Township Name: |
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Province: |
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Deeds Office: |
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Transfer ID: |
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Title Deed Number: |
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Purchase Date: |
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Transfer Date: |
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Erf Size: |
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Sold Price: |
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Bank Information
|
Bank |
STANDARD BANK |
|
Branch |
Rustenburg |
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Bank Account
Number |
032846142 |
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Type of account |
Current |
|
Branch Code |
052546 |
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Account Name |
BELLCLIFF (PTY) LTD |
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Date Opened |
15/06/2007 |
|
Bank Code |
C |
|
Bank Comment |
The subjects bankers consider them as equal to their normal business
engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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Financial Information
Financial
Estimates
|
CURRENT ASSETS |
|
|
Stock |
R2 000 000 |
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Debtors |
|
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Cash on Hand |
|
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FIXED ASSETS |
Owned by another company |
|
Plant,
Equipment, Vehicles |
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|
Property |
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CURRENT
LIABILITIES |
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|
Creditors |
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Loans/ From? |
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LONG TERM LIABILITIES |
No |
|
Morgage Bonds |
|
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ANNUAL
/ MONTHLY Turnover |
R5 000 000 per annum |
|
Previous Year
Turnover |
R4 000 000 |
|
Estimated
Current Year Turnover |
R9 000 000 |
Principals
|
Number of
Principals |
2 |
|
Average Age of
Active Principals |
51 |
Active Principals
Principal 1 of 2
|
Surname |
BELLAMY |
|
First Names |
JAMES |
|
Marital Status |
Married |
|
ID Number |
5907115231103 |
|
Verified ID
Number |
Yes |
|
Current Age |
52 |
|
Designation |
Businessman/ Director |
|
Status |
Active |
|
Appointment Date |
2002-09-19 |
|
Address (at time
of Appointment) |
34 Nylrivier Avenue Cashan 4 RUSTENBURG 0300 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
BELLCHRIS (PTY)
LTD |
1997/013435/07 |
In Business |
0 |
No |
|
BELLCHRIS
INVESTMENTS (PTY) LTD |
1998/017888/07 |
In Business |
0 |
No |
|
BELLFORT (PTY)
LTD |
1998/024879/07 |
In Business |
0 |
No |
|
BELLSIDENCE
(PTY) LTD |
2000/009973/07 |
In Business |
0 |
No |
|
BELLCHRIS
PROPERTIES (PTY) LTD |
2000/010699/07 |
In Business |
0 |
No |
|
BELLCHRIS RETAIL
(PTY) LTD |
2000/012963/07 |
In Business |
0 |
No |
|
BELLCHRIS
INDUSTRIAL PROPERTIES (PTY) LTD |
2000/013882/07 |
In Business |
0 |
No |
|
BELLCLIFF
INDUSTRIAL (PTY) LTD |
2002/015870/07 |
In Business |
0 |
No |
|
EDEN HOUSE
RUSTENBURG |
2008/019473/08 |
In Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
9 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
BELLFORT
PROPERTIES (PTY) LTD |
2002/015867/07 |
In Business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 2
|
Surname |
CLIFFORD |
|
First Names |
ORNIEL |
|
Marital Status |
Married |
|
ID Number |
6008195072001 |
|
Verified ID
Number |
Yes |
|
Current Age |
51 |
|
Designation |
Businessman/ Director |
|
Status |
Active |
|
Appointment Date |
2002-08-19 |
|
Address (at time of
Appointment) |
Unknown |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
RHOLLOGAN
ENGINEERING (PTY) LTD |
1960/003115/07 |
In Business |
0 |
No |
|
T C S
ENGINEERING CO (PTY) LTD |
1964/002338/07 |
Deregistration
Process |
0 |
No |
|
CLIFFORD AND
CLIFFORD CC |
1987/006871/23 |
In Business |
0 |
No |
|
HARRIES
UNDERGROUND DEWATERING (PTY) LTD |
1991/005105/07 |
Deregistration
Process |
0 |
No |
|
RUPERS GENERAL
ENGINEERING AND FABRICATION CC |
1993/010794/23 |
In Business |
0 |
No |
|
BELLCLIFF
INDUSTRIAL (PTY) LTD |
2002/015870/07 |
In Business |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
16 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
ARISTON 15
ESTATE CC |
1995/000443/23 |
In Business |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
UK Pound |
1 |
Rs.70.84 |
|
Euro |
1 |
Rs.62.96 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.