Dear Creditors

Welcome to Summit Trust.

Kindly be advised that Jochen Eckhoff and Mariette Benade will be attending to the liquidation of Wrap-Tite Manufacturing (Pty) Ltd  (In Provisional Liquidation) “Wrap-Tite ”. Furthermore, all communications regarding this estate (progress reports, creditor reports, meeting of creditors etc.) will be done via this online estate profile, the Government Gazette and one or more newspapers circulating in the district in which the company was registered or had its main place of business. If you register to this online estate profile you will receive notifications, via email, every time it is updated.

Kindly be advised that Wrap-Tite was provisionally liquidated on 26 November 2020. Furthermore, The Master of the High Court, Cape Town “The Master” appointed Jochen Eckhoff (Summit Trust) and Mariette Benade as Provisional Liquidators of Wrap-Tite on 15 January 2021. It is the duty of the Provisional Liquidators to take control of the company’s assets and not to report on the company’s affairs. The Liquidators will submit a formal report at the second meeting of creditors and contributories in terms of section 402 of the Companies Act No. 61 of 1973.

The order of liquidation was made final on 26 November 2020. The Master will now convene, by notice in the Gazette, a first meeting of the creditors and members of the estate for, inter alia, the proof of their claims against the estate. The Master shall publish such notice on a date not less than ten days before the date upon which the meetings is to be held and shall in such notice state the time and place at which the meetings is to be held.

Kindly download the claim form which you will see on the right-hand side of your screen. The claim must be completed, signed, commissioned and supported with documents proving your claim. If the claim is in your personal capacity, then you must complete the power of attorney for a representative, who will prove your claim at the creditors meeting, but if Wrap-Tite owes a company money which you represent then both the company resolutions and the power of attorney, attached to the claim, must be completed. If goods were sold and delivered to Wrap-Tite on an open account then a statement must be submitted in support of the claim showing the monthly total and a brief description of the purchases and payments for the full period of trading or for the period of 12 months immediately before the date of liquidation, 27 November 2020, whichever is the lesser.

The claim must be emailed to our offices, Stephan@summittrust.co.za, within 14 days from 18 January 2021. If the claim is correct, we will advise you to deliver or courier the original to our offices: Summit Trust, 2nd Floor, 155 Loop Street, Cape Town.

The first meeting of creditors and members was successfully held and closed on 16 February 2021 at the Master’s Office, Cape Town at 09h00. The Liquidators shall, within three months, convene the second meeting of creditors and contributories. The purpose of the second meeting of creditors and contributories is to prove additional claims against the estate, adopt resolutions and to table a formal report to creditors and contributories. The time, date and place of the second meeting of creditors and contributories will be made available on this website.

The second meeting of creditors and contributories will be held at Magistrate’s Court, Belville on 23 April 2021 at 11h00.

The second meeting of creditors and contributories was successfully held and closed. The Liquidators will now proceed to wind-up the company in accordance with their report and resolutions adopted at the second meeting of creditors and contributories. The first account will be submitted by 25 August 2021.

The First Liquidation and Distribution Account was confirmed by the Master on 13 September 2021. The Liquidators will now proceed to distribute the assets of the company in accordance with the First Liquidation and Distribution Account.

The Master will release the Liquidators from the estate and their duties after the distribution of assets have taken place. When the Liquidators receive the Master’s release note the liquidation process will be finalized.