Dick Smith Group of Companies

Date of appointment

4 Jan 2016

Company name

Dick Smith Group of Companies

Appointees

Joseph Hayes, Jason Preston, Jamie Harris and Matt Caddy

Administration type

Creditors’ Voluntary Liquidation

ACN

Companies within the group are listed below

Contact

Aleksandra Pejoska
t: 02 9338 2638
e: apejoska@mcgrathnicol.com

Company names and ACN

DSHE Holdings Limited (formerly known as Dick Smith Holdings Limited): 166 237 841
DSSH Pty Ltd (formerly known as Dick Smith Sub-Holdings Pty Limited): 160 162 925
DSHG Pty Limited (formerly known as DSE Holdings Pty Limited): 001 456 720
DSG Wholesale Pty Ltd (formerly known as Dick Smith (Wholesale) Pty Ltd): 000 445 956
DSG Electronics Pty Limited (formerly known as Dick Smith Electronics Pty Limited): 000 908 716
INTT Pty Ltd (formerly known as InterTAN Australia Pty Ltd): 059 802 470
DSG Franchising Pty Ltd (formerly known as Dick Smith Electronics Franchising Pty Ltd): 002 511 944
DMSG Pty Ltd (formerly known as Dick Smith Management Pty Ltd): 054 295 733
Dick Smith Electronics Staff Superannuation Fund Pty Limited: 136 849 846
Mac 1 Pty Limited (formerly known as Mac 1 Pty Limited): 136 849 584

Section 439A Report to Creditors

Creditor information

The Dick Smith Group of Companies (“the Group”) and DSE Holdings Pty Ltd as Trustee have entered into a Deed of Cross Guarantee dated 7 January 2014 (as amended from time to time) (Deed of Cross Guarantee) pursuant to ASIC Class Order CO 98/1418.

Under the Deed of Cross Guarantee if any company in the Group is wound up, then the other companies in the Group also guarantee the repayment of the amounts owed to the creditors of that company. The effect of this is that creditors owed amounts by one company in the Group can also participate and vote as contingent creditors of all the other companies which are parties to the Deed of Cross Guarantee.

Given this I will be permitting creditors who lodge a proof of debt in respect of a debt owed to them by one company in the Group to also participate and vote as contingent creditors of all the other companies which are parties to the Deed of Cross Guarantee. Creditors will not be required to lodge a second proof of debt to do so.

Downloads

Second creditor meeting information

Shareholder information

Media information

Information for Creditors: Gift Card and Deposit claims

The Receivers and Managers have indicated that Gift Cards issued by the company prior to their appointment cannot be honoured by the Receivers. As a result, affected parties may (subject to other remedies available to them) have a claim as unsecured creditors of the company. For the purposes of the First Meetings of Creditors scheduled for 10am (Mac 1 Pty Limited) and 12pm (all other entities) on Thursday, 14 January 2016, the Administrators are prepared to admit those claims for voting purposes. To register a claim as an unsecured creditor for a gift card or a store credit obtained prior to 4th of January, you must submit a duly completed Proof of debt form to Link Market Services by the cut off at 12pm on the 13th of January. These forms and additional information are available in the ‘Creditor information’ section of this page.

The Receivers and Managers have indicated that they will be completing sales where deposits have been received subject to stock available.

Information for Creditors: Exchanges and Faulty Goods

The Receivers and Managers have indicated that exchanges will be accepted provided that you have a receipt, the product has not been used and it is in its original packaging.

Faulty Goods policy will continue in accordance with the existing store policy for goods purchased on or after 5 January 2016. For goods purchased prior to 5 January 2015 that are branded products, please contact the manufacturer directly. For goods purchased prior to 5 January 2015 that are Dick Smith branded, please complete a proof of debt form, available above in the “Creditor information”

ASIC Information Page

Please see the following link to ASIC’s information page:

Downloads

Frequently Asked Questions

Attention

Creditors and Investors

Access to information about Dick Smith Group of Companies contained on this website has been prepared for and is limited to creditors and investors of Dick Smith Group of Companies (and any professional advisor of those creditors). In order to access this information, you must agree to the following disclaimer by checking the box below.

‘I declare that I am a creditor or an investor of Dick Smith Group of Companies (or a professional advisor of such a creditor or an investor). I agree not to communicate any information contained on this website to any person other than another creditor or investor (or their professional advisor) of Dick Smith Group of Companies without the express written consent of McGrathNicol or unless otherwise compelled by law.

I agree to indemnify Dick Smith Group of Companies, the Liquidators of Dick Smith Group of Companies and McGrathNicol in respect of any liability to which it is exposed if I;

  • breach this agreement and declaration; or
  • make a false declaration.’

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