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Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
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Name : |
BERRY AND DONALDSON (PTY) LTD |
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Registered Office : |
9 Caledon Street Cape Town Western Cape |
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Country : |
South Africa |
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Date of Incorporation : |
17.10.1963 |
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Com. Reg. No.: |
1963/005738/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Subject is engaged in Clearing and forwarding agents (airfreight and seafreight) and warehousing. |
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No. of Employees : |
215 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SOUTH AFRICA ECONOMIC OVERVIEW
South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors and a stock exchange that is the 16th largest in the world. Even though the country's modern infrastructure supports a relatively efficient distribution of goods to major urban centers throughout the region, unstable electricity supplies retard growth. The global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly with 2014 growth projected at about 2%. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is at nearly 25% of the work force, and runs significantly higher among black youth. Eskom, the state-run power company, has built two new power stations and installed new power demand management programs to improve power grid reliability. Construction delays at two additional plants, however, mean South Africa is operating on a razor thin margin; economists judge that growth cannot exceed 3% until those plants come on line. South Africa's economic policy has focused on controlling inflation, however, the country has had significant budget deficits that restrict its ability to deal with pressing economic problems. The current government faces growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth
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Source
: CIA |
BERRY AND DONALDSON
(PTY) LTD
9 Caledon Street
CAPE TOWN
Western Cape
P O Box 1674
CAPE TOWN
8000
+27 21 464 8000
+27 21 462 5156
90% BERRY & DONALDSON HOLDINGS (PTY) LTD
10% BERRY & DONALDSON STAFF TRUST (PTY)
LTD
The shareholding
changed and was previously:
100% TRADE-OFF 98 (PTY) LTD
The Shareholding changed
in 2001 and was previously 100% BERRY AND DONALDSON INVESTMENTS (PTY) LTD
BERRY AND DONALDSON CLEARING (PTY) LTD
(Registration Certificate Number: 2000/029635/07)
BLU PETA PROPERTIES (PTY) LTD
(Registration Certificate Number: 1999/003256/07)
BERRY AND DONALDSON TRANSPORT (PTY) LTD
(Registration Certificate Number: 1998/000932/07)
BERRY & DONALDSON PROPERTIES (PTY) LTD (property owning company)
(property owning company)
R M BERRY ID No. 5012285076089
C LANE ID No. 5301065105089
S M FRIEDMANN ID No. 5807155030086
MS K BERRY (Daughter of R M BERRY) ID No. 7310230112084
M BRAIN Not available
J C SCHOUW ID No. 7101225189082
M E DIEDRICKS ID No. 6301125210084
A PARKER ID No. 6403030202089
ABSA BANK, Heerengracht Branch. The subject does not require overdraft facilities, however, has an invoice discounting facility.
17 October 1963
Registration Certificate Number: 1963/005738/07
4280101348
9080106033
Level 4 contributor
Clearing and forwarding agents (airfreight and seafreight) and warehousing
SACD
PORTNET
BRITISH AIRWAYS, Cape Town
SOUTH AFRICAN AIRWAYS, Cape Town
General industry
South Africa
Worldwide
215, having increased from 180 reported in October 2009
The subject has a warehouse in Montague Gardens, a Durban office (Morningside) an office and warehouse in Johannesburg (Spartan) and an office at Airport Industria.
The head office premises are reported to be owned by BLU PETA PROPERTIES (PTY) LTD. The Durban and Airport Industria premises are owned by TRADE-OFF 116 (PTY) LTD and the Johannesburg premises are leased.
The
following estimated financial situation was submitted as at 5 May 2014:
DEBTORS R
227 000 000
CREDITORS R
204 000 000
TURNOVER per annum R2 200 000 000
HOBS DAVID INC +27 21 683 0500
MAY
AON INSURANCE BROKERS
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 8 years R200
000 R100 000 30 days 30 days Very Good
2. 1992 R 7 000 R 200 - 30
days 30 days Very Good
R 500
3. 5 years R 10 000 R 4 000 30
days 30 days Very Good
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. Aug 1998 open
acc R170 000 30 days 30 days Good
2. Do not give trade references
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 1998 R200
000 R120 000- 30 days 30 days Very Good
c/l R200 000
2. Do not give trade references
3. Do not give trade references (stated
account is good)
4.
Do not give trade references
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 1998 R400
000 R 900 000- 30
days 30/60 days Average
c/l R1 500 000
2. Do not give trade references
3. Do not give trade references
4. Do not give trade references
(These
descriptions relate respectively by number to the above current trade
transactions):
1. Freight services
This is an
established business meeting its one obtainable commitment slightly over terms.
The subject is considered as equal to its normal business engagements over 60
days, however, the lack of a full payment pattern should be borne in mind.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.99 |
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|
1 |
Rs.101.75 |
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Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIS |
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 |
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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-- |
NB |
New Business |
-- |
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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.