Pretoria :
301 David Vorster Street, Annlin, Pretoria.
P.O Box 14199, Sinoville, Pretoria, 0129.
Tel : +27 12 567 0924
+27 82 772 9290
Fax : +27 86 675 1716
Cape Town :
Durban :
Email:
Tel +27 79 882 1125 / Fax +27 86 516 3688
Tel +27 31 307 1974 / Fax +27 31 307 1975
[email protected]
www.corporatebusinessrescue.co.za
Reg No : 2003/092015/23
Vat No : 4180225965
14 October 2014
BRIDGE CORPORATE (PTY) LTD (UNDER SUPERVISION //
2012/211179/07
MINUTES OF A CREDITORS MEETING IN TERMS OF SECTION 147 OF THE
COMPANIES ACT 71 OF 2008 HELD ON MONDAY, 6 OCTOBER 2014 AT
CHOOSLIFE CHURCH, 589 RUBENSTEIN DRIVE MORELETA PARK, PRETORIA.
THIS IS NOT A VERBATIM VERSION OF THE MINUTES OF THE MEETING, BUT
ONLY CONTAINS THE SALIENT FACTS.
1.
OPENING AND ATTENDANCE
Mr Thomas George Nell, the Business Rescue Practitioner, introduced himself
and his staff members and welcomed all the affected persons present and
declared the meeting open.
1.1
Attendance Register
A list of all affected persons present at the meeting is attached hereto as
Annexure “A”.
Pretoria Office:
Cape Town Office :
Durban Office :
Thomas George Nell (Member) Broc (SA) LLM commercial law (UP) DIP insol (AIPSA), Assisted By :
Hans Norel Bcom LLB (NWU), Schalk Bezuidenhout Bcom LLB (UP)
Garreth Sexton Bcom (Hons) CA(SA) (UP)
Lourens de Klerk Bproc B Iiuris (UP)
2. MATTERS:
2.1
The practitioner’s view regarding the reasonable prospect of rescuing
the entity:
The Business Rescue Practitioner confirmed that he has partly investigated the
affairs of Bridge Corporate (Pty) Ltd (under supervision) and confirmed that
the business is in fact in financial distress, but that the entity is viable and that
there is a reasonable prospect of rescuing the entity as per the definition in the
Companies Act 71 of 2008.
2.2
Receiving proof of claims by creditors:
The entity keeps records of all creditors of the company, subject to the
business rescue plan, creditors may be required to prove their claims and can
do so by completing the claim form attached hereto as Annexure “B” and
emailing it to: [email protected].
2.3
Determine whether or not a committee of creditors should be elected:
The Business Rescue Practitioner explained that creditors may elect a
committee. It was decided that for this specific entity, a creditors committee
will be elected in light of the number of creditors involved. Please refer to
Annexure “C” attached hereto regarding the members of the committee.
The decision to appoint a creditors committee is twofold, namely:
2.1.1. To report back to their fellow creditors; and
2.1.2. To assist the Business Rescue Practitioner throughout the process.
2.4
The impartiality of the Business Rescue Practitioner
The Business Rescue Practitioner confirmed that he does not have any
relationship with the entity, has no interest in the entity, is not familiar with
CBR Page 2
any member of the board of directors and furthermore that he was not aware
of the existence of the entity before he was approached by the board of
directors.
3. GENERAL
3.1
Due to the fact that the Business Rescue Practitioner cannot foresee the
circumstances in regard to the Business Rescue Process and the fact that
certain actions during the process may influence the Business Rescue
Practitioner’s ability to adhere to the timeframes as set out in the prescribed
act, the following was proposed:
3.1.1. That all future voting may take place via a proxy system as prescribed
in the Companies Act and widely accepted in the Business world, as
close as possible to Annexure “D” attached hereto;
3.1.2. The Business Rescue Practitioner requested an extension to publish
the Business Rescue Plan in terms of Section 150 of the Act and
specifically a voting process to extend the publication of the Business
Rescue Plan as referred to in Section 150 (5) (a) & (b) from 28
October to 14 November 2014.
3.1.3. The Business Rescue Practitioner at this stage does not foresee any
further extension to publish the Business Rescue Plan, but should a
further extension be required, it could be dealt with by means of
convening a new meeting.
3.2. It is minuted that the requests as set out in (3.1.1) and (3.1.3) above were put
to a vote and that it was accepted by all creditors present at the meeting.
3.3. It is minuted that the request set out in (3.1.2) above was put to a vote and that
all but one creditor voted in favour of the extension.
CBR Page 3
3.4. There was a question and answer session, which questions and answers will
not be repeated in these minutes. A copy of the voice recording can be
obtained from the Company Secretary on request.
4.
The following were minuted
4.1. The Business Rescue Practitioner enquired from the creditors if any of the
creditors is of the view that the entity should be liquidated and no creditor
indicated that they are of the view that the entity should be liquidated.
4.2. Mazars, as auditors of the entity will be instructed to review the management
accounts of the entity for the period March 2014 – August 2014.
4.3. KPMG was instructed to independently and expertly determine the reasonable
expected liquidation dividend in the event of immediate liquidation.
4.4. It is minuted that this meeting will be deemed to be open until the date of the
2nd Meeting of Creditors (Meeting to determine the future of the Company in
terms of Section 150 of the Act) and will only be closed once the Section 151
meeting is opened.
5.
DATE OF NEXT MEETING
The Meeting to determine the future of the Company in terms of Section 151 of the
Companies Act 71 of 2008 (herein after referred to as the “Act”) will be convened
after publication of the Business Rescue plan scheduled for the 14 November 2014.
The Business Rescue Plan that is scheduled to be approved on the 28 November
2014. Creditors will receive notice of aforementioned meeting timeously.
6. CONCLUSION
The meeting was not officially closed but will be deemed to be closed on the opening
of the next meeting for inter alia the following reason:
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
To grant the Business Rescue Practitioner a reasonable time should it be
necessary to obtain instructions from creditors with regard to the Business
Rescue Proceedings.
ELECTRONICALLY SIGNED BY:
THOMAS GEORGE NELL
SENIOR BUSINESS RESCUE PRACTITIONER
CBR Page 5
ANNEXURE A
Attendance Register
Entity Name
Contact Name
Adri Augustyn
Adri Augustyn
AE Scott
AE Scott
Aeterno Investments 269
Chris de Klerk & Steve Crause
Aeterno Investments 270 (Pty) Ltd
Leon Lamprecht
Almarie Boshoff
Almarie Boshoff
Almarie Fourie
Almarie Fourie
Amanda Hart Voorsienings Trust
Amanda Hart
AME Kotze
AME Kotze
Andre Redelinghuys
Andre Redelinghuys
Andreas Laas
Andreas Laas
Andulucia Trading 228 (Pty) Ltd
Dries vd Berg
Ann Weaver
Ann Weaver
Anna Cornelia Visagie
Anna Cornelia Visagie
Anneke Weber Family Trust
Anneke Weber
Antonie La Grange Smalberger
Antonie La Grange Smalberger
Armand JR du Plessis
Armand JR du Plessis
AT du Plooy
AT du Plooy
Baasperd Finansiële Dienste (Edms) Bpk
Frik van Staden
Badenhorst Familie Trust
Rupert Badenhorst
Belvedere Trust
Karen Venter
Bongani J Mnguni
Bongani J Mnguni
Brodsky Trading 348
Chris Bell
Brodsky Trading 365
Sarie & Cornel Erasmus
Bruber Trust
Wayne Bennett
CAP du Plooy
Christa du Plooy
Carlene van Heerden
Carlene van Heerden
Cecilia E du Toit
Cecilia E du Toit
Cecilia Jacoba Grobbelaar
Cecilia Jacoba Grobbelaar
CBR Page 6
Chica Trust
Elize Rautenbach
Clinton Austin
Clinton Austin
Coenraad Frederick Woest
Coenraad Frederick Woest
Craig R Dawtrey
Craig R Dawtrey
CSYS Financing
Hendri Fourie
Daniel Johannes Blomerus
Daniel Johannes Blomerus
Daniel Louw Smit
Daniel Louw Smit
Daniel P Visagie
Daniel P Visagie
Darryl Langford
Darryl Langford
Dartingo Trust
RJ Aldum Snr
Daryl Elliott
Daryl Elliott
David Weaver
David Weaver
Deon Niemann
Deon Niemann
Deon Schlussas
Deon Schlussas
Desire Beukes
Desire Beukes
Dimitry Smishchenko
Dimitry Smishchenko
Elsabé Rabé
Elsabé Rabé
Entro Engravers CC
Eddie Damster
Esme Wheeler
Esme Wheeler
F. Ludik
Fraser Ludik
Felix S Ferreira
Felix S Ferreira
Frank Goutier
Frank Goutier
Frederik de Beer
Frederik de Beer
G E HOHLS
G E HOHLS
Gerhard Badenhorst
Gerhard Badenhorst
Gertruida C O Grady
Gertruida C O Grady
Green Cart
Pieter van Deventer
Halls Family Trust
Hester Hall
Hannes Le Grange Familie Trust
Hannes Le Grange Familie Trust
Harry Theodossiou
Harry Theodossiou
Helene Lotter
Helene Lotter
Hendrik Petrus Grobbelaar
Hendrik Petrus Grobbelaar
Hester M S van Niekerk
Hester M S van Niekerk
HRR Mahieu
Harry Mahieu
Ina Marita van Zyl
Ina Marita van Zyl
Ingrid K Berg
Ingrid K Berg
J C Swiegers
J C Swiegers
Jacobus M van der Berg
Jacobus M van der Berg
Jenga Investments cc
George Ike Spyron
Jenny-Marie Laubscher
George Ike Spyron
JL Senekal
JL Senekal
Johan N van Wyk
Johan N van Wyk
Johanna Francina Venter Delport
Johanna Francina Venter Delport
CBR Page 7
Johanna Maria van Tonder
Johanna Maria van Tonder
Johannes HH Jacobs
Johannes HH Jacobs
Johannes Jacobus Maritz
Johannes Jacobus Maritz
JT Capital (Pty) Ltd
Gerdouw Steyn & Cornel Wasserman
Juan Maree
Juan Maree
K2011119805
Hannes Liebenberg
K2011119953
Isabel Fourie
K2011125796
Paul Case
K2012004464 (Pty) Ltd
Michael de Klerk
K2012036997
Carine & Derek van Stade
Kai Austin
Clinton Austin
Karel van Niekerk
Karel van Niekerk
Katarina Eleonora Maritz
Katarina Eleonora Maritz
Kathrin Muller
Kathrin Muller
Kevinn Austin
Kevinn Austin
Kriekie Trust
Mercia Coetzee
Leon J Scheepers
Leon J Scheepers
Leon Strydom
Leon Strydom
Liery Beleggers (Pty) Ltd
Henry van Biljon
Linda Claire Bloemhof
Linda Claire Bloemhof
Loraine V Grierson
Loraine V Grierson
Louis Johannes Le Grange
Louis Johannes Le Grange
Louis Johannes Theunissen & Susanna
Stoffeliena Theunissen
Louis Johannes Theunissen & Susanna
Stoffeliena Theunissen
Louis Petrus Bekker
Louis Petrus Bekker
Louise M Riekert
Louise M Riekert
Lurco Trading 294
Frikkie van Loggernberg
M & H van Niekerk Trust
M & H van Niekerk Trust
M Mahieu
M Mahieu
Madeleine Cierenberg
Madeleine Cierenberg
Maksima Eiendomsbeleggings (Edms) Bpk
Sarel Venter
Malesela Business Consulting and Trading CC
Malesela Ledwaba
Mang Khawm Khai
Mang Khawm Khai
Marius G van der Ryst
Marius G van der Ryst
Marius J van der Ryst
Marius J van der Ryst
Markus Janser
Markus Janser
Marthinus Johannes Maritz
Marthinus Johannes Maritz
Maska Austin
Maska Austin
Mavava Trading 279
Liezel Kumpf & Frans Vermeulen
Meyerspark Christelike Vereniging
Meyerspark Christelike Vereniging
Michael John Bartman
Michael John Bartman
MJ Cronje
MJ Cronje
CBR Page 8
Money Box Investments 233 (Pty) Ltd
Money Box Investments 256 (Proprietary)
Limited
Bertus Swanepoel
Money Box Investments 259 (Pty) Ltd
Anneke Weber
Nico Laubscher
Nico Laubscher
Nico Laubscher
Nico Laubscher
Nifvest (Pty) Ltd
Pieter Strydom
NKN Finance And Investments
Bob Nirghins
Norcorb Share Trust
Bennie Steenkamp
Nulane Investments 302
Andre Albertyn
Obed de Swardt
Obed de Swardt
Onevest (Pty) Ltd
Maartens Swanepoel
Oryx Financial Services (Pty) Ltd
Jannie de Villiers
Otto Leon Schuld
Otto Leon Schuld
Pamela Minney
Pamela Minney
Petronella J Ferreira
Petronella J Ferreira
Pixie Dust Trading 107 (Pty) Ltd
Riekie Mitchell
Plenty Properties 178 (Pty) Ltd
George & Helen Couvaras
Plenty Properties 180 (Pty) Ltd
Charel & Koti Bouwer
Polkadots Properties 172 (Pty) Ltd
Manda Hinsch
Polkadots Properties 172 (Pty) Ltd
Manda Hinsch
Push Financing (Pty) Ltd
Sven Brandt
Q Tique 182
Johannes Oberholster
Rainbow Pepper Trading III
Suzette Broekman
Rainbow Place Properties 198 (Pty) Ltd
Sven Brandt
RB Palm
RB Palm
Red Finance (Pty) Ltd
Clifford Edward George Coombe
Reuphillan Carmen Kasselman
Reuphillan Carmen Kasselman
Rian Swiegers
Rian Swiegers
RJ Aldum (Jnr.)
RJ Aldum (Jnr.)
Robert Fraser
Robert Fraser
Rudolf P van Wyk Smith
Rudolf P van Wyk Smith
Rudolf Steenkamp
Rudolf Steenkamp
Schalk J Holder
Schalk J Holder
Sea Shadow Trade and Invest 163
Erik Pretorius
Selvin Munusamy
Selvin Munusamy
Shanike Investments No 132 (Pty) Ltd
Hector Zarca
Sinvent Investments 250 (Pty) Ltd
Michelle Myers
Siyaghopa Trading 195
Chris van der Merwe
SJN Esterhuizen Familie Trust
Sarel Esterhuizen
Snowdove 19 (Pty) Ltd
Bernard & Leon Maree
Stefan Beukes
Stefan Beukes
SW Mahieu
Sven Mahieu
CBR Page 9
Kumaran Pather
Tefin Finance (Pty) Ltd
Frans Badenhorst
Terios Kroon
Terios Kroon
The GelaShare 2 Trust
Gela Salbego
Theo Dicke
Theo Dicke
TJB Trust
Tinus Badenhorst
Tony Bourne
Tony Bourne
Trevor Lionel Smith
Trevor Lionel Smith
Triple Advanced Investments 40 (PTY)LTD
Deon & Sheila-Anne Stuwig
Triple Advanced Investments 54
Gerrie Gericke
Triple Advanced Investments 56 (Pty) Ltd
Johanita Ferreira
Triple Advanced Investments 68 (Pty) Ltd
Coen Woest
Triple Advanced Investments 73
Riaan Smit
Triple Advanced Investments 77 (Pty) Ltd
Charlene Scott
Triple Advanced Investments 85 (Pty) Ltd
Trevor Lionel Smith
Triple Advanced Investments 88
Johnny Bell
Triple Advanced Investments 99 (Pty) Ltd
Mornay Cruywagen
Utafutaji Trading 81 (Pty) Ltd
John Bell
Villa Des Roses 168 (Pty)Ltd
George Bell
Wayne K Sachs
Wayne K Sachs
Wild Olive Trust
Harry Mahieu
Willem Abraham Grobler
Willem Abraham Grobler
Wynand Boshoff
Wynand Boshoff
Xanado Trade or Invest 168
Adriaan Storm
Zreena Isaacs
Zreena Isaacs
Calamos (papertrail invoice)
DRYLAND
Educos
FACT01 (Faction)
JHI
KPMG
MAZ001 (Mazars Inc)
MULTI PRINT PRINTERS
CBR Page 10
ANNEXURE B
Claim form
Notes for the completion of claim documents by creditors
1.
THE AFFIDAVIT should be fully completed and must be signed before a
COMMISSIONER OF OATHS, who shall sign the declaration and print his full
name and business address below his signature; state his designation and the
area for which he holds his appointment or the office held by him if he holds
his appointment ex-officio.
2.
Where the claim is in respect of PROMISSORY NOTES, BILLS OF EXCHANGE
OR CHEQUES, the BILLS, NOTES or CHEQUES must be attached to the claim
of certified copies thereof.
3.
A detailed STATEMENT supporting the AFFIDAVIT must be attached to the
claim, showing the monthly total and a brief description of the purchases and
the payments for the full period of trading or immediately prior to the date of
Business Rescue, whichever is the lesser. Use the supplied form if necessary.
4.
Where a limited company proves a claim, the POWER OF ATTORNEY must be
signed by a director or any other person AUTHORISED BY RESOLUTION AND
A COPY OF SUCH RESOLUTION MUST BE ANNEXED TO THE POWER OF
ATTORNEY or use the space provided for on the POWER OF ATTORNEY.
5.
In the case of a claim being based on a MORTAGE, NOTARIAL BOND OR
HIRE-PURCHASE AGREEMENT, the ORIGINAL BOND OF AGREEMENT
(Certified copies will be sufficient) must be attached to the claim together
with a Certificate of Balance showing the amount due as at date of Business
Rescue.
CBR Page 11
AFFIDAVIT
In Re: BRIDGE CORPORATE (PTY) LTD (UNDER SUPERVISION)
2012/211179/07
Name of Creditor:
……………………...…………………………………..……………………….………..…………
Address in full:
……………………………………………………………………...………………….………...….
…………………………………...……………………………………………………….……..…..
P.O Box: ……….………….…………............... Code: …………...……....…
……………………………………………...…….
Contact numbers:
(Office): …..………………………………….…. (Cell): ……………………….…………
Email: …………………………………………………………..………………………………..…
Total Amount of Claim: R ………………………..……………………….…………..………….
Bank Details:
Bank: ……………………………………….………………………………………………………
Account Number: ………………………….…………...…………………………………………
Branch Code: ……………………………….…………………………………………………..…
I, ……………………………………………………………………………….in my capacity as:
……………………………………………...…………………………………………………….....
is hereby duly authorized, and that I am as such fully cognizant with the facts
contained herein, declare that:
………….………………………………………...…………………………..…………….……….
which has been placed under supervision, in the hands of the Business Rescue
Practitioner, was at the date of Business Rescue, and still is, indebted to:
CBR Page 12
……………………………………………………….………………..……………….……………
in the sum of (words):
………………………..……………………………………………………...………………….…..
for: …………………………………………………………………..…………………….……......
That the said debt arose in the manner and at the time set forth in the detailed
account hereunto annexed (nature of any goods supplied must be briefly specified on
the account.) That no other person, besides the said Company, and/or CC is liable for
the said debt, or any part thereof, otherwise that as Security, that I have not nor has
any other person, to my knowledge, for the use of the above Creditor, received any
Security for the debt or any part thereof, save and except*
………………………………………………………………………….………….……………….
………………………………………………………………………………………..………….….
…………………………………………………………………………………………..…………..
which security I valued at:
R ……………………………………………………………………..………………………...…...
Signature of Deponent:
………………………………………
Signed and sworn before me:
At ……………………………………….….. on the….…day of …………………………….……..20…...
when the deponent declared that he/she has no objection in taking this oath in the
prescribed manner and that he/she regards this oath as binding to his/her conscience.
Thereafter he/she declared under oath in the prescribed manner that he/she
understands the contents of this declaration, and that it is true.
…….………………………………………
Commissioner of Oaths
CBR Page 13
ANNEXURE C
Creditors Committee Members
Member
Maartens Swanepoel
Frans Badenhorst
Willem Grobler
Peet Liebenberg
Gela Salbego
Andries van den Berg
Marthinus Laas
Henri Mahieu
Reuphillan C Kasselman
Sven Brandt
Frank Goutier
Hendrik Grobbelaar
Sarel Venter
Maurizio Decinti
Eddie Damster
Jacques Mostert
Frikkie van Loggenberg
Chris Bell
CBR Page 14
E-mail address
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
ANNEXURE D
PROXY VOTE FORM
In/Re: SECTION 151 MEETING
BRIDGE CORPORATE (PTY) LTD (UNDER SUPERVISION) // 2012/211179/07
Date :
Time :
Venue :
I/We the undersigned,...................................................................................................(full
names) in my/our capacity as, ....................................................................and being a
representative of, ..........................................................................(Business/Company name),
declare that I/we are duly authorised to vote at a meeting of creditors and other holders of
voting interest in terms of Section 151 of the Companies Act 71 of 2008.
Claim amount: R…………………………………(amount in words)………………………………….………………….
(See attached invoices/statements as proof of above mentioned claim)
I/We……………………………………………………………nominate…………………………………………………or
his nominee to vote on my/our behalf.
CBR Page 15
Please indicate your vote as set out below:
I/We vote in favour


I/We vote against
Signed by:
..........................................................
Name & Surname
………………………………………………………
Date
CBR Page 16
..................................................
Signature