MIRA INFORM REPORT

Report No. :	516532
Report Date :	27.06.2018

IDENTIFICATION DETAILS

Name :	BELLCLIFF (PTY) LTD
Formerly Known As :	BUZZ TRADING THIRTY EIGHT
Registered Office :	3 Escom Street Rustenburg North West 0300
Country :	South Africa
Date of Incorporation :	25.03.2002
Com. Reg. No.:	2002/006919/07
Legal Form :	Private Company
Line of Business :	Subject is involved in the wholesale of mineral separation equipment and rubber.
No. of Employees :	4

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	No Complaints
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

Country Name	Previous Rating (31.12.2017)	Current Rating (01.04.2018)
South Africa	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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 Africa’s largest and among the top 20 in the world.

Economic growth has decelerated in recent years, slowing to an estimated 0.7% in 2017. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 27% of the workforce, and runs significantly higher among black youth. 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. Eskom, the state-run power company, is building three new power stations and is installing new power demand management programs to improve power grid reliability but has been plagued with accusations of mismanagement and corruption and faces an increasingly high debt burden.

South Africa's economic policy has focused on controlling inflation while empowering a broader economic base; however, the country faces structural constraints that also limit economic growth, such as skills shortages, declining global competitiveness, and frequent work stoppages due to strike action. The government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas, to increase job growth, and to provide university level-education at affordable prices. Political infighting among South Africa’s ruling party and the volatility of the rand risks economic growth. International investors are concerned about the country’s long-term economic stability; in late 2016, most major international credit ratings agencies downgraded South Africa’s international debt to junk bond status.

Source : CIA

COMPANY INFORMATION

OVERVIEW

History BELLCLIFF (PTY) LTD was registered in March 2002 when the details of a shelf entity styled BUZZ TRADING THIRTY EIGHT (PTY) LTD was utilised for registration purposes. The name was changed and operations commenced in September 2002.

STATUTORY INFORMATION

Registered Name	BELLCLIFF
Previous Names	BUZZ TRADING THIRTY EIGHT (05/09/2002)
Registration Number	2002/006919/07
Type Of Company	Private Company
Registered Date	25/03/2002
Date Commenced Trading	05/09/2002
Commercial Status	In Business
Financial Year End	June

CONTACT DETAILS

Contact Number	+27 14 592 0725
Email Address	B.chris@mweb.co.za
Website	The subject does not have a website.
Social Media Presence	The subject does not have a social media presence.
Registered Physical Address	3 Escom Street Rustenburg North West South Africa 0300
Trading Physical Address	3 Escom Street Rustenburg North West South Africa 0300
Postal Address	P O Box 1412 Rustenburg North West South Africa 0300

TAX INFORMATION

Income Tax Number

9464319145

VAT INFORMATION

VAT Number	4900244775
Status	Active
Registered Name	BELLCLIFF (PTY) LTD

OFFICERS AND PROFESSIONAL SERVICES

LIST OF OFFICERS AND PROFESSIONAL SERVICES

Type	Name	Contact Name	Contact Number
Auditor	G J Van Der Merwe Incorporated
Auditor	Van Rensburg And Company

OWNERSHIP STRUCTURE

SHAREHOLDING INFORMATION

CURRENT

Shareholder/Member Name	Share/Interest	Type	Comment
James Walter Bellamy	100%	Shareholder

PRINCIPAL INFORMATION

DIRECTOR / MEMBER

Full Name ID No.	Type	Status	DOA	Active Interests	Previous Interests	Judgments	Fraud Listing
James Walter Bellamy	Director	Active	19/08/2002	5	0	0	0
Andre Maria Swart	Director	Resigned	25/03/2002	0	0	0	0
Orniel Clifford	Director	Resigned	19/08/2002	4	4	0	0

ACTIVE BUSINESS INTERESTS

James Walter Bellamy

Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
Bellchris Properties	2000/010699/07	In Business	Active	Director	0
Bellchris Industrial Properties	2000/013882/07	In Business	Active	Director	0
Bellchris	1997/013435/07	In Business	Active	Director	0
Bellcliff Industrial	2002/015870/07	In Business	Active	Director	0
Bellchris Investments	1998/017888/07	In Business	Active	Director	0

Management

No principals found for this principal type.

Officer

No principals found for this principal type.

Other

No principals found for this principal type.

Bank account information

BANK ACCOUNTS

Account Reference Number	Account Holder	Account Number	Bank name	Branch name	Branch Code	Verification Method
ABB169176	BELLCLIFE (PTY) LTD	032846142	Standard Bank (South Africa)	Rustenburg	052546	Not Available

OPERATIONAL ACTIVITIES

Operational Activities Status	The following information was provided
Industry	Wholesale
Major Industry SIC Code	46699 - Wholesale of rubber
NACE Code	46,7 - Other specialised wholesale

MAJOR OPERATION

Major Business Activities	The subject is involved in the wholesale of mineral separation equipment and rubber.
Foreign Trade Activities	International
Agencies Held	Subject holds no agencies.
Franchises Held	The subject holds no franchises.
Major Suppliers	Subject declined to provide information.
Major Customers	Platinum And Chrome Mines
Major Brands	Subject does not have any brands.
Major Contracts	Subject does not operate on a contract basis.

IMPORT ACTIVITIES

Subject imports.

Imports From	To the value of
India

EXPORT ACTIVITIES

Subject exports

Exports To	To the value of
Africa

OPERATIONAL FOOTPRINT

Operational Footprint Status

The following information was provided

BRANCH & PREMISES INFORMATION

Location	Description/Type	Size (m^2)	# of Staff	Rented or Owned	Lease Expiry Date
Rustenburg	• Factory • Office		4	Leased	N/A

EMPLOYEES

Permanent Employees	4
Salaried Employees	4

GENERAL COMMENTS

General Comments

There are no vehicles registered in the name of the business.

FINANCING TERMS

FINANCING TERMS

Sales Terms	30 Days
Overdraft Facility	The Subject does not have an overdraft facility
Sureties	The Principals have signed sureties
Debtors Ceded	Debtors have not been ceded.
Debtors Factored	Debtors have not been factored.
Bonds	The Subject has no bonds.

FINANCIAL FIGURES

General Comments

Financial figures were declined.

TRADE REFERENCES

TRADE REFERENCES

Trade Reference	Date	Trade Score	Terms Given (Taken) in days	Monthly Limit Given (Taken)	Account Opened	Payment Trend (prev. 3 years)	Account Insured	Notes
TR180622288	22/06/2018	Neutral	30 Days (30 Days)	Open Account (200,000) (ZAR)		50%	No	This is a good account that enjoys a 2.5% settlement discount.

TRADE REFERENCE ANALYTICS

Number of valid Trade References	1
Overall Trade Score	50%
Average Usage of Terms	100%
Average Monthly Purchase	200,000 ZAR
Average Usage of Credit Limit	0%
GENERAL COMMENTS
General Comments	Further creditor details were not made available for trade reference purposes.

COURT NOTICES

No judgments on file in the name of the subject

No liquidation applications on file in the name of the subject

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 68.16
UK Pound	1	INR 90.47
Euro	1	INR 79.74
ZAR	1	INR 5.06

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	SUJ

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.