14 October 2014 BRIDGE CORPORATE (PTY) LTD (UNDER SUPERVISION // 2012/211179/07
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: CBR Page 4 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
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