Kappa Heavy Engineering (Pty) Ltd (In Liquidation)

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1 Kappa Heavy Engineering (Pty) Ltd (In Liquidation)

2 OUR OFFER IS TO PURCHASE ASSETS AS PER THE LISTINGS ATTACHED: VIEWING DAY: Thursday, 2 February 2017 from 09h00 to 16h00 ASSETS ARE SITUATED AT 4 MANGANESE ROAD, VULCANIA, BRAKPAN TOTAL OFFER IN SOUTH AFRICAN RANDS (EXCLUSIVE OF VAT & 10% BUYERS COMMISSION) Our offer to purchase is subject to the annexed conditions of sale. SIGNATURE: 2

3 CONDITIONS OF SALE FOR THE OFFER TO PURCHASE OF THE MOVABLE ASSETS OF: KAPPA HEAVY ENGINEERING (PTY) LTD (IN LIQUIDATION) ARE AS SET OUT HEREUNDER 1. This offer will close on Friday, 3 February 2017 at 15h00. No late offers will be accepted. All offers must be sent to kim@devco.za.net or hand delivered to Devco Auctioneers & Sales, 8 Greenstone Place, Stoneridge Office Park, Block C, Modderfontein. All offers shall remain open and irrevocable until the 10 February The acceptance of any offer shall be made solely by the Liquidators within 5 (five) working days after the 3 rd of February All offers must be accompanied by a R10, (ten thousand Rand) refundable deposit in the form an EFT. The deposit must be deposited into Devco Auctioneers & Sales, First National Bank, Menlyn Square, Account no The assets for which offers are called for are contained in the documents accompanying this offer. The information contained therein is given in good faith and the Liquidators have established that the assets belong to KAPPA HEAVY ENGINEERING (PTY) LTD (IN LIQUIDATION). 5. The assets are offered voetoets, insitu and as they stand. Neither the Liquidators nor the agents have given any warranties or made any representations either express or implied in regard to description, quality or condition of any asset or suitability thereof for any purpose. 6. Within 2 banking days after acceptance of an offer, the successful offeror will be required to pay the balance of the purchase price to Devco Auctioneers & Sales by EFT to be deposited into Devco s bank account as per the banking details provided. The purchaser will then have until the 24 February 2017 to remove the assets. Failure to do so, will entitle the Liquidators to hold the buyer responsible for any losses incurred. 7. Inspection may take place on Thursday, 2 February 2017 from 09h00 to 16h In the event of the successful offeror not paying the balance of the purchase price as stated (9), the Liquidators reserves the right to cancel the sale and claim damages from the purchaser. The deposit received shall be forfeited and shall contribute to the costs of calling for an auction, the agents (Devco Auctioneers & Sales) commissions as well as any shortfall in the subsequent offer. 9. All unsuccessful offeror s will be refunded their deposits back into the bank account given. 10. The sale is exclusive of Value Added Tax of 14% which will be added to any successful bid as well as a buyer s commission of 10% (ten percent). 11. The Liquidators are not obliged to accept the highest offer or any offer should it not be acceptable or suitable to them. 12. Ownership of all movables sold shall remain vested with the Liquidators until paid in full. ACCOUNT NAME: DEVCO AUCTIONEERS & SALES BANK: FIRST NATIONAL BANK BRANCH: MENLYN SQUARE BRANCH CODE: ACCOUNT NO:

4 INVENTORY OF ASSETS LOT QTY DESCRIPTION 1 MASCHINEN FABRIK - KÖLN VERTICAL BORING MILL (± 5 M DIAMETER, ± 3M HEIGHT, DOUBLE 1 TOOL POST, STATUS UNDETERMINED, & NO OFFER EXCL VAT & COMM MANUFACTURERS PLATE 1 TCM 2.5 TON FORKLIFT - SERIAL NO (NON RUNNER) ERFURT 250 TON PRESS BRAKE 3 SERIAL NO BALL CRUSHER DRUM 1 8M DROPSIDE BODY ONLY 2 SKF BEARING HOUSING 1 6M SHAFT 1 REDUCTION GEARBOX 1 REDUCTION GEARBOX (SHAFT ONLY) 1 VICKERS 500KW 2000V ELECTRICAL MOTOR SERIAL NO. K491568/1/01 1 SCHARMANN CM6302C BORING MILL SERIAL NO (DISASSEMBLED) 1 KELLER BG-22 HORIZONTAL BORING MILL 1 ± 200 TON ROLLER BENDING PRESS 1 VERTICAL BORING MILL (DISASSEMBLED) 1 RICHARDS 1.8M VERTICAL BORING MILL 1 LUMSDEN 2.6M VERTICAL GRINDING MACHINE 16 SERIAL NO. 96M/3/9325 (DISASSEMBLED) 1 NOBLE & LUND 1.8 X 8M HORIZONTAL CENTRE 17 LATHE SERIAL NO. 1896A ZPS VERTICAL BORING MILL 1M 18 SERIAL NO GIANA 410 5M CENTRE LATHE 1 GSK 218M CNC HORIZONTAL BORING MILL 1 LANG 21DW39 1.5M CENTRE LATHE 21 SERIAL NO. 66B RYOBI 150L ELECTRICAL COMPRESSOR 4

5 1 BOEHRINGER 3.5M CENTRE LATHE 23 SERIAL NO LAGUN 3250 CNC 4M MILLING MACHINE WITH 24 ASSORTED TOOLS SERIAL NO LAGUN MM4000 CNC TWIN BED MILLING MACHINE WITH ASSORTED TOOLS SERIAL NO VICTOR V-CENTRE 45 CNC MILLING MACHINE WITH ASSORTED TOOLS (NO MANUFACTURERS PLATE) 1 WEISSER HEILBRON JUNIOR CNC CENTRE LATHE SERIAL NO ARBOGA MASKINER MAGNETIC DRILL SERIAL NO DAHLIH DL-MKV 1500 CNC MILLING MACHINE SERIAL NO STAVELEY RADIAL ARM DRILL SERIAL NO.P TOS HOSTIVAR BPH 320 SURFACE GRINDER SERIAL NO PRECISION GRINDER 1 PEDESTAL GRINDER 1 BURNY PHANTOM CMC MECHANISED GAS CUTTING MACHINE 1 VO 170L ELECTRICAL COMPRESSOR SERIAL NO PEARSON BRAKE PRESS (NO MANUFACTURERS PLATE) 1 PEARSON HYDRAULIC GUILLOTINE (NO MANUFACTURERS PLATE) 1 ± 200MM BENCH GRINDER 1 ± 150MM BENCH GRINDER TRANSARC 350 MIG WELDER (INCOMPLETE) 1 SERIAL NO. M SAF-FRO FILCORD 4535 (W) CO2 WELDER (INCOMPLETE) - SERIAL NO SAF-FRO FILCORD 4535 (W) CO2 WELDER (INCOMPLETE) - SERIAL NO

6 1 MAC AFRIC CUT OFF GRINDER 43 SERIAL NO TRANSARC 350 MIG WELDER (INCOMPLETE) 44 SERIAL NO GENERAL 120L ELECTRICAL COMPRESSOR 45 (STRIPPED) ECONOMIC 650 CO2 MIG WELDER (INCOMPLETE) SERIAL NO SIP MIG 300 WELDER (INCOMPLETE) 1 MODWELD 500 DC INVERTER WELDER 48 (INCOMPLETE) - SERIAL NO STEEL BAND SAW 1 VERTICAL ROLLER BENDING PRESS 1 ROLLER BENDING PLATE PRESS 1 ROLLER BENDING PLATE PRESS 1 WINDRAM 35 TON PRESS BRAKE SERIAL NO WINDRAM HYDRAULIC GUILLOTINE CUTTER (INCOMPLETE) 1 POWER WISE NBC 630B CO 2 WELDER MULTI CO 2 WELDER 1 HYDRAULIC PRESS 1 REEFLEX SPEEDWELL AC WELDING MACHINE SERIAL NO AFROX KR500 AC WELDING MACHINE SERIAL NO NORTON 200MM BENCH GRINDER 1 ECONOMIC CO 2 MIG 650 WELDER (INCOMPLETE) 1 RADIAL ARM DRILL 6

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