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DANBER FEED SERVICES CC.

Co. Reg. No. 88/1727/25

PRIVATE AND CONFIDENTIAL

APPLICATION FOR CREDIT FACILITY

PART A

From DANBER FEED SERVICES CC. (Hereinafter referred to as the Supplier)

Sole Trader   Partnership   Close Corporation   Private Company   Public Company  

Registered Name of Company:.................................................................................................................

Business Trading Name:............................................................Registration No:....................................

(Hereinafter referred to as the Purchaser)                                           V.A.T. No:...................................

Postal Address:..............................................................................................Code:..................................

Delivery Address:........................................................................................................................................

Tel No: (..................)..............................................Fax No: (..................)....................................................

Nature of Business:.....................................................................................................................................

Business Established:.........................Day.................................Month.........................Year....................

Is the Applicant part of a Company/Group        

YES

  

NO

  

If YES which Company/Group:...................................................................................................................

Name and Address of Auditors/Accounting Officer/Bookkeeper:.........................................................

....................................................................................................Tel No: (.................)..................................

Client Contacts                           Manager:.................................................................................................

                                                 Buyers:.....................................................................................................

                                                 Creditors Clerk:......................................................................................

Bankers:..........................................................................Branch:............................................................

Bank A/C No:..........................................................Type of A/C:............................................................

Is the Purcahser prepared to enclose a copy of their latest Financial Statements?

YES

  

NO

  

Trade References:

Name:  1..................................................................Tel No (..................)....................................................

             2...................................................................Tel No (.................).....................................................

             3...................................................................Tel No (.................).....................................................

Personal Particulars of Owner/s, Director/s, Partners or Member/s:

1.  Full Name.............................................................            2.....................................................................

     Home Address....................................................              ......................................................................

     ..............................................................................               .....................................................................

     ID No:...................................................................                ....................................................................

 

3.  Full Name.............................................................            4.....................................................................

     Home Address....................................................              ......................................................................

     ..............................................................................               .....................................................................

     ID No:...................................................................                ....................................................................

If insufficient space, please attach separate list.

Is/Are the Owner/s, Director/s, Partners, Member/s prepared to provide guarantees/notarial bonds?

YES

  

NO

  

Any judgements against Business or Owners?

YES

  

NO

  

If YES, please specify:................................................................................................................................

Are the Business Premises owned by the Company/Directors/Partners/Members?

YES

  

NO

  

If YES, please specify ownership:..............................................................................................................

If owned, are premises bonded?

YES

  

NO

  

If YES, name and address of bondholder:................................................................................................

If NO, name and address of landlord/agent:.............................................................................................

.......................................................................................................................................................................

Credit limit required        R......................................

Anticipated monthly purchases would range between (lowest)        R....................................

and (highest)         R.........................................

I/We hereby certify that the foregoing details are true and correct in aech and every respect and undertake to notify the supplier in writing of any change in details shown above including change of ownership, name and address.

I/We acknowledge that should credit facilities be granted as a result of this application that they may be withdrawn by the supplier at any time without any prior notice and that the decision as to whether or not to grant credit facilities to the purchaser is at the sole discretion of the supplier.

I/We acknowledge that the terms of payment are 30 days net from the date of statement and accept that if these terms are not adhered to the supplier can and will stop delivery of goods with immediate effect.

I/We do hereby accept the trading conditions as set out on the last page which conditions I/We acknowledge having read and understood and agree will be applicable to all purchases of goods from the supplier.

I/We the undersigned, hereby declare that I am authorised to act on behalf of the purchaser and to bind the purchaser's credit.

Signed at........................................... on the....................day of ..............................20

Witnesses:

1.  ..............................................               1.  Authorised Signatory:.........................

2.  ..............................................                Name:.............................................

                                                                   Capacity:.........................................

Company Stamp:                                     2.  Authorised Signatory:.........................

                                                                   Name:...............................................

                                                                   Capacity:..........................................

 

 

 

 

 

 

 

 

 

 

 

 

 

STANDARD TRADING CONDITIONS

1.            Credit facilities granted by the supplier shall be at the sole discretion of the supplier, who may at

                any time terminate, curtail or vary such facilities in respect of any goods not yet delivered. 

 2.           The supplier may require guarantees/notarial bonds from the purchaser to grant credit facilities

                and until such   time that the guarantee/notarial bond is received and completed to the

                satisfaction of the supplier, no credit will be granted. 

3.            The purchase price shall be the supplier’s ruling prices at the date of dispatch of  the

                purchaser’s order.

4.            Should the purchase price not be paid in full on the due date, the supplier shall be entitled to

                charge the purchaser interest on any overdue amounts at an annual finance charge rate

                chargeable from time to time in regard to a credit transaction in terms of the usury act no. 73 of

                1968 as amended.

 5.           Terms of payment are 30 days net from date of statement and in the event of the purchaser

                failing to make payment on due date, the remaining balance outstanding shall immediately

                become due, payable and owing notwithstanding that the time of payment thereof has not yet

                arrived. 

6.            The purchaser hereby authorises its bankers to release to the seller any information whatsoever

                which the supplier may in its discretion require concerning the purchaser’s banking account,

                such information to be furnished on delivery to the purchaser’s banker of a copy of this

                document bearing the purchaser’s signature or photocopy thereof. 

 7.           Any debit incurred by the purchaser shall be binding on its successors-in-title and assigns. 

 8.           The purchaser shall not be entitled to return any goods purchased by it from the supplier in lieu

                of payment for any debit due to the supplier. The supplier shall nevertheless be entitled to

                require the purchaser to pay the full amount of it indebtedness, even if not yet due, if the

                supplier in its sole discretion considers there to be a likelihood of the purchaser being unable to

                make payment on due date. 

9.            Risk or loss in respect of the goods shall be deemed to pass to the purchaser upon delivery. 

10.         Any agreed delivery date shall only be approximate and the supplier will incur no liability to the

                purchaser, arising from any delay in delivery, time not being of the essence. 

11.         In the event of it having been agreed that the relevant goods sold by the supplier to the purchaser

                shall be delivered in more than one consignment, each consignment shall be deemed to be a

                separate sale divisible from the others and the purchaser shall be liable to pay the purchase

                price in respect of each such consignment on due date.  The validity of the sale of each

                consignment shall in no way be affected in the event of the sale of any other consignment falling

                through for any reason whatsoever. 

12.         The supplier shall be entitled to withhold delivery and/or cancel any sale or unfilled order if at

                any time the purchaser shall be in arrears with its obligation to duly pay any indebtedness at

                any time owing to the supplier, irrespective of the cause of the indebtedness. 

13.          Notwithstanding delivery, ownership of all goods sold by the supplier to the purchaser shall

               remain vested in the supplier until the purchase price thereof has been paid in full.  The supplier

                shall at any time be entitled on demand to retake possession of any goods not yet paid for by the

                purchaser.  The monies for any order partly paid for, which order is repossessed by the supplier

                because the balance is not paid for, shall be entitled to be retained by the supplier as rouwkoop

                of pre-estimated damages. 

14.         No variation of any of the terms and conditions of this sale shall be of any force and effect

               unless committed effectunless  committed to writing and signed by the duly authorised

                representatives of the respective parties. 

15.        No statement recommendation, promise, undertaking, advice or assistance given by a 

               servant/representative of the supplier shall result in the supplier incurring any liability in the

             event of any such statement, recommendation, promise, undertaking, advice or assistance

            proving to be incorrect, inadequate or inappropriate. 

16.a).  The purchaser shall have no claim against the supplier based on grounds of any alleged defect in

            the goods sold or that the goods delivered are not in accordance with the purchaser’s

            specifications and which may give rise to a claim loss of any nature, unless the purchaser shall

            have given notice in writing by prepaid registered mail of its claim to the supplier within ten (10)

            days after such potential claim may have arisen.  

16.b). The supplier and/or its representative shall be granted all reasonable opportunity to inspect,

                analyse, take samples and do whatever may be necessary to prove or disprove all and any

                claims. 

16.c). Goods specified by the purchaser, which are not manufactured by the supplier carry only such

            warranties as are provided by the manufacturer thereof, and we accept no liability thereunder

            whatsoever. 

17.      The purchaser shall have no claim against the supplier for any delay in delivery or failure to

            deliver the goods hereby sold if the supplier is unable to duly carry out its obligations as a result

            of “force majeure” including, but without being limited to, any strike, lock-out, act of war, civil

            disturbance, shortage or non--availability of raw materials, machinery breakdown, governmental

            interference or any other circumstances outside the supplier’s control. 

16.      The purchaser undertakes to inform the supplier in writing, by pre-paid registered post, within

            seven (7) days of any change of  address. 

19.      The purchaser hereby consents to the jurisdiction of the magistrate’s court in respect of any

            matter or claim arising from the sale, notwithstanding that the values of such claim may

            otherwise be beyond the jurisdiction of that court, provided that this provision shall not preclude

            the supplier in his sole discretion. From instituting any action in event of the supplier having to

            resort to litigation, the purchaser agrees to pay all legal expenses incurred by the supplier as

            between attorney and own client, including all collection commission and tracing fees, in the

            event of the supplier being successful. 

20         The supplier shall not be bound by any error or omissions, made in relation to the sale of goods,

             whether they be arithmetical calculations, incorrect ruling prices, or otherwise. 

21         The purchaser hereby chooses “domicilium citandi ex e executandi” for all purposes arising out

            of this agreement at the delivery address recorded in part A as the address at which all invoices,

            documents, and legal processes may be served.

 

 

 

 

 

 

 

 

 

 

PART B

FOR OFFICE USE 

Signed:................................................     Date:.............................................

Sales Rep........................................................................................................

Credit Controller     ......................................................................................

Financial Director   ......................................................................................

 

Bank .................................................. 

Code:.....................................................            Terms Given:................................................

Credit Assessment:.................................................................................................................

......................................................................................................................................................

...................................................................................................................................................... 

Previous Judgements:..........................................................................................................

Credit Limit Approved:..............................................            Date:......................................

Remarks:..................................................................................................................................

.....................................................................................................................................................

.....................................................................................................................................................

.....................................................................................................................................................

.....................................................................................................................................................

 

GUARANTEE 

I/We, the undersigned 

Name:1. ................................................. address:.............................. tel.no:...................

              2. ................................................. address:.............................. tel.no:...................

              3. ................................................. address:.............................. tel.no:...................

    Hereby interpose(s) and bind(s) himself/themselves jointly and severally to and in favour of the supplier

   as  surety/sureties for and co-principal debtor(s) in solidum with the applicant for the due payment of

   any amount which may now be or which may become due and owing by ...............................................

   to the supplier.    

   I/We renounce the benefits of the following legal exceptions and benefits with the full force, meaning

   and effect of which I/We declare myself/ourselves to be fully acquainted:

   “revision of accounts”, “errors of calculation”, “no value recieved”, “beneficium divisions”, “beneficium

   ordinis seu excussionis” and any other exceptions which might or could be taken in law to the

   indebtedness of the debtor to the creditor.

   It is further agreed that in addition to my/our liability for interest as from the date hereof,

   the amount of my/our liability to the said creditor under this guarantee shall also bear

   interest at the rate of                % in respect of the obligations hereby guaranteed from

   the date on which the creditor demands payment from me/us to the date of such payment.

   Each guarantor who signs this document acknowledges and records that notwithstanding the fact

   that it provides for such signature hereof by other guarantors, there is a separate, distinct and

   independent contract of guarantee brought into existence by each guarantor who does sigh it. 

   If, for any reason, any guarantor named herein shall fail to sign this document or if this guaratee

   shall for any reason cease to be or is not binding on any one of the guarantors, then the obligations

   of the others shall be and continue to be binding and remain of full force and effect in terms hereof. 

   The guarantor(s) choose(s)mhis/their respective domicilium citandi et executandi at the

   address(es) where all notices may be given and all processes served as they appear

   above forming part of this application. 

   The guarantor(s) declare(s) that the guarantee shall remain in force as a continuing

   obligation notwithstanding the settlement of any or all of the accounts of the supplier and

   this guarantee shall remain in force until terminated by mutual agreement.

 

Dated at......................................................this day of..........................................19..................

 

 

As witnesses

 

1..................................................... 1......................................................

 

2..................................................... 2......................................................