TRIPOT Business Rescue Portal

Company Details: TRIPOT (PTY) LTD

TRIPOT (PTY) LTD

Wholesale Excellence, Resilient Future.

This panel provides detailed information about TRIPOT (PTY) LTD, including its business model, key relationships, and current operational status under business rescue.

Key Highlights:

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Operational Areas Under Review

Explore the various operational divisions and specialized functions within TRIPOT that are central to the business rescue restructuring and recovery plan.

Financial Analytics

Track key financial metrics and projections relevant to the business rescue process. These charts provide insights into the company's financial health and recovery trajectory.

Debt vs. Asset Value

Comparison of total liabilities against protected assets.

Projected Sales Recovery

Forecasted revenue growth during the business rescue period.

Stakeholder Communications

This section provides tools and information for transparent communication with all stakeholders, including creditors, staff, and partners.

Creditor Updates

Frequent

Staff Briefings

Weekly

Partner Outreach

Ongoing

Communication Log

Date	Audience	Subject	Status	Actions
2025-06-26	CIPC	BR Commencement Filing	Filed
2025-06-27	Creditors	Initial Notification	Pending Send

AI Assistant

Leverage AI to assist with various aspects of the business rescue process, from drafting communications to analyzing data.

Security Alert! For production, never expose your API key directly in client-side code. Use a backend server to proxy your AI requests.

✍️ Smart Text Editor

Enter your text below to use advanced AI tools for analysis and generation related to business rescue documents and communications.

Smart Text Output:

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❓ Dynamic Query

Ask the AI Assistant any question related to business rescue, regulations, or general business advice.

Dynamic Query Response:

Your AI assistant response will appear here.

Business Locations & Operational Reach

Visualize key operational sites and potential distribution hubs for TRIPOT (PTY) LTD.

Key Office Location

Primary business and office address for TRIPOT (PTY) LTD.

IMPORTANT: The Google Maps API key is embedded in the script tag in `showDashboardSection` function. For production, **never expose your API key directly in client-side code.** Consider using a backend proxy.
If you are getting an `InvalidKeyMapError`, ensure the Maps JavaScript API is enabled for your Google Cloud Project, along with correct application restrictions.

Warehouse & Distribution Points

Potential locations for inventory storage and distribution as part of the operational restructuring.

Key Meetings & Milestones

A record of crucial meetings and their outcomes, vital for tracking the business rescue process.

Recent Meeting Details:

Date: June 26, 2025
Time: 12:44 PM SAST (Pretoria, South Africa)
Attendees: TRIPOT Director (Heyns Schoeman), Legal Counsel, Financial Advisor
Focus: Resolution to initiate Business Rescue proceedings.

Discussion Highlights:

Formal Business Rescue Initiation:

Outcome: Board resolution passed to formally commence business rescue under Section 129(1) of the Companies Act.

Action: Immediate filing with CIPC and preparation for BRP appointment.

Asset Protection Strategy:

Outcome: Confirmation of legal measures to protect movable assets at 40 Zanie Straat from landlord's hypothec execution.

Action: BRP to work with legal team to secure moratorium.

Stakeholder Communication Plan:

Outcome: Agreement on a transparent communication strategy for all creditors, staff, and partners.

Action: Draft initial notification letters and prepare for ongoing updates.

Action Items for the Team:

IMMEDIATE & CRITICAL: Ensure all necessary documents for CIPC filing are prepared and submitted by June 26, 2025.
LEGAL TEAM: Appoint an interim Business Rescue Practitioner (BRP) and commence legal procedures for the moratorium.
OPERATIONS: Conduct a comprehensive inventory valuation for all stock, including private label goods.
FINANCE: Prepare a detailed list of all creditors and outstanding amounts.
COMMUNICATIONS: Draft and prepare to send initial notification letters to all registered creditors as per legal timelines.
HUMAN RESOURCES: Develop a plan for potential staff reinstatement and retention under the business rescue plan.

Minutes of Meeting: TRIPOT (PTY) LTD - Business Rescue Resolution

Registration Number: 2021/132487/07

Meeting Details:

Date: 26th June 2025

Time: 11:45 AM

Location: 40 Zanie Straat, Newmark Estate, Pretoria

Attendees: Mr. Heyns Schoeman (Sole Director, Identity Number: 8803035153082)

(*Note: Legal Counsel and Financial Advisor were consulted, but the formal meeting for this resolution was conducted by the sole director.)*

Meeting Purpose:

To discuss the financial distress of the Company and to pass a resolution for the voluntary commencement of business rescue proceedings in terms of Section 129(1) of the Companies Act, 71 of 2008.

Background/Preamble (WHEREAS):

The Company, TRIPOT (PTY) LTD, a wholesale business, is experiencing significant financial distress due to unforeseen delays in stock imports. This has resulted in outstanding obligations to creditors and inability to meet current financial commitments, including rental arrears for its premises.

A critical court date is scheduled for 1 July 2025, where the landlord intends to execute a hypothec over the Company's movable assets, including essential office equipment.

Despite these challenges, the Director believes there are reasonable prospects for rescuing the Company. This belief is supported by:

Valuable inventory that will be captured and valued.
Certainty regarding existing sales orders.
Strong relationships with importers willing to supply private label stock on a Cash on Delivery (COD) basis, enabling managed sales to national retail chains.
The potential for strategic reinstatement of key personnel to drive sales and business continuity.

The initiation of business rescue proceedings is deemed necessary and appropriate to prevent immediate asset liquidation, manage current inventory, secure future stock supply, and ultimately preserve employment while maximizing returns for creditors.

Resolutions (IT IS HEREBY RESOLVED THAT)

Commencement of Business Rescue: The Company, TRIPOT (PTY) LTD, hereby voluntarily commences business rescue proceedings, effective immediately, in terms of Section 129(1) of the Companies Act, 71 of 2008.
Filing with CIPC: Mr. Heyns Schoeman, in his capacity as the sole director, is authorized to take all necessary steps to formally file the Notice of Beginning of Business Rescue Proceedings (Form COR123.1) with the Companies and Intellectual Property Commission (CIPC) immediately.
Appointment of Business Rescue Practitioner (BRP): The director is further authorized to engage with the Company's legal representatives to appoint a suitably qualified, experienced, and cost-efficient business rescue practitioner as soon as practically possible, as required by the Companies Act.
Creditor Notification: All creditors of the Company shall be notified of these proceedings within the prescribed timelines as stipulated by the Companies Act.
General Authorisation: The director is authorized to do all such things and and sign all such documents as may be required to give effect to these resolutions and the business rescue proceedings.

Portal Settings

Manage your account preferences, notifications, and application settings for the TRIPOT Business Rescue Portal.

Profile Settings

Full Name

Email Address

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Notification Preferences

Email Notifications

Push Notifications

Theme Settings

Dark Mode

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API Key Management

View and manage API keys for integrations. For security, sensitive keys are not editable here.

Google Maps API Key: [Configured in script, not displayed for security]

Gemini AI™ API Key: [Configured in script, not displayed for security]

PayPal SDK Client ID: ${window.API_KEYS.PAYPAL_SDK_CLIENT_ID} (For client-side; server-side processing recommended)

Xero Client ID: ${window.API_KEYS.XERO_CLIENT_ID} (Backend Only!)

Xero Redirect URI: ${window.API_KEYS.XERO_REDIRECT_URI} (Backend Only!)

SECURITY ALERT: The above values are shown for demonstration. In a real application, most API keys (especially secrets) should be managed **only on your backend server** and never exposed client-side.

Creditors Management

Upload invoices, statements, delivery notes, legal letters, letters of demand, and signed NDAs here.

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Supported formats: PDF, JPG, PNG, DOCX

SecureSign Document Signing

Securely sign documents online. The Non-Disclosure Agreement for Tripot Pty Ltd is loaded below.

This Non-Disclosure Agreement ("Agreement") is made effective as of [Date], by and between TRIPOT (Pty) Ltd, a company duly registered under the laws of South Africa, with its principal place of business at [Tripot Address] ("Disclosing Party"), and [Recipient Name], an individual/entity with its principal place of business/address at [Recipient Address] ("Receiving Party").

WHEREAS, the Disclosing Party possesses certain confidential and proprietary information relating to its business operations, clients, products, services, and strategies; and
WHEREAS, the Receiving Party may be exposed to such confidential information in the course of discussions or collaboration with the Disclosing Party;
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:

1.  Confidential Information. "Confidential Information" shall mean any and all information disclosed by the Disclosing Party to the Receiving Party, whether orally, visually, in writing, or by any other means, that is designated as confidential or that, by its nature, would reasonably be understood to be confidential. This includes, but is not limited to, business plans, financial data, customer lists, technical data, product designs, marketing strategies, and any other proprietary information.

2.  Obligations of Receiving Party. The Receiving Party agrees:
    a. To use the Confidential Information solely for the purpose of [Specify purpose, e.g., evaluating a potential business relationship].
    b. To maintain the Confidential Information in strict confidence and to take all reasonable measures to protect it from unauthorized disclosure, use, or access.
    c. Not to disclose, reproduce, or distribute the Confidential Information to any third party without the prior written consent of the Disclosing Party.
    d. To restrict access to the Confidential Information to its employees, agents, or contractors who have a legitimate need to know for the specified purpose and who are bound by confidentiality obligations at least as restrictive as those contained herein.

3.  Exclusions. This Agreement shall not apply to information that:
    a. Is or becomes publicly available through no fault of the Receiving Party.
    b. Was known to the Receiving Party prior to its disclosure by the Disclosing Party, without breach of any confidentiality obligation.
    c. Is independently developed by the Receiving Party without reference to the Confidential Information.
    d. Is rightfully obtained by the Receiving Party from a third party without restriction on disclosure.
    e. Is required to be disclosed by law or by a governmental authority, provided that the Receiving Party gives prior written notice to the Disclosing Party to allow for protective measures.

4.  Term. This Agreement shall remain in effect for a period of five (5) years from the Effective Date, or until the Confidential Information no longer qualifies as confidential, whichever occurs first.

5.  Return of Information. Upon the request of the Disclosing Party, the Receiving Party shall promptly return or destroy all Confidential Information (and all copies thereof) in its possession or control.

6.  Governing Law. This Agreement shall be governed by and construed in accordance with the laws of South Africa.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.

TRIPOT (Pty) Ltd

By: __________________________
Name:
Title:

[Receiving Party Name]

By: __________________________
Name:
Title:

Product Category Management

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Existing Categories:

Client Management

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Attorneys on Record

Browse and message our registered legal counsel for any business rescue related queries.

Adv. Legal Eagle

Specialization: Corporate Law, Business Rescue

Contact: legal.eagle@example.com

Att. Justice Firm

Specialization: Litigation, Insolvency

Contact: justice.firm@example.com

Ms. Veritas Counsel

Specialization: Commercial Contracts, Compliance

Contact: veritas.counsel@example.com

TRIPOT Business Rescue: Charting a Path to Recovery.

Time-Sensitive Action

Key Pillars of the Business Rescue Plan

🏢 TRIPOT Company Profile 🏢

Projected Sales Momentum

📈 Sales Recovery Projection 📈

🔐 Key Documents & Stakeholder Portals

ℹ️ Portal Navigation

🤝 Our Commitment to Stakeholders

📋 Business Rescue Plan: Executive Summary

✅ Key Steps & Progress

📊 Financial & Operational Outlook

About This Business Rescue

Connect with the Business Rescue Management

TRIPOT (PTY) LTD: Wholesale Excellence, Resilient Future.

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TRIPOT Business Rescue Overview

Assets Under Protection

Creditors Notified

Recovery Phase

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