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MIRA
INFORM REPORT
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Report Date : |
03.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SEGARD MASUREL (NZ) LIMITED |
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Formerly Known As : |
MASUREL FILS NZ LIMITED |
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Registered Office : |
20-26 Ballance Street, Wellington |
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Country : |
New Zealand |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
30.11.1965 |
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Com. Reg. No.: |
18188 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged as
wool buyers, wool store operators and shippers of baled raw wool and wool
tops to the overseas market. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Number
18188%20LIMITED%2003-Jun-2008_files/image004.gif){kind=small}
Company
SEGARD MASUREL (NZ) LIMITED
Incorporated
30-NOV-1965
Current Status
REGISTERED
Entity Type
Company
Constitution Filed
No
Annual Return Filing Month
August
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Previous Names
(Names changed prior to 1992 may not be recorded)
Company Name Date
Changed
MASUREL FILS NZ LIMITED 31-OCT-2005
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Address Details
Registered Office
20-26 Ballance Street, Wellington New Zealand
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Address for Service
20-26 Ballance Street, Wellington New Zealand
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Directors
(Where appointments are prior to February 1993 the date shown may relate to when the information was entered on this database.)
Name Date Appointed:
SPEIGHT, Glenn 24-NOV-1992
5 Ocean Road,, Paekakariki
WHITEMAN, Peter J 28-FEB-1997
11 Fitzroy Street, Wadestown
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Share Parcels
Total Number of shares on issue 3,611,000
Number of Shares 1,305,500
Shareholder
SEGARD ANTOINE - France
Number of Shares 1,305,500
Shareholder
JASON HOLDING A G - Switzerland
Filings
Date Barcode Description
26-MAR-2008
12:04:18 10055595176
Annual
Financial Statements
04-OCT-2007
13:34:26 10054710257
Annual
Financial Statements
18-APR-2006
14:53:43 10050977925
Annual
Financial Statements
18-APR-2006
14:53:29 10050977936
Annual
Financial Statements
10-MAR-2006
13:30:57 10051026995
Annual
Financial Statements
31-OCT-2005
10:52:31 Online
Change of Company Name
20-JUL-2005 16:36:12 Online
Annual Return
05-AUG-2004
15:51:47 Online
Annual Return
05-AUG-2004
15:35:00 Online
Particulars Of Company Address
19-MAR-2004
10:53:49 Online
Particulars Of Company Address
18-SEP-2003 13:19:09 Consent
Form - Newly Appointed Director
18-SEP-2003 13:19:09 Online
Particulars of Directors
28-AUG-2003
16:15:14 Online
Annual Return
31-MAR-2003
11:48:41 10043550818
Annual
Financial Statements
30-AUG-2002
16:09:27 Online
Annual Return
22-AUG-2001
17:25:26 Online
Annual Return
12-DEC-2000
12:56:23 10034133966
Directors
Certificate
12-DEC-2000
12:56:12 10034133977
Shares,
Approval for Issue
01-AUG-2000 10:29:43 10032091468 Annual Return
25-AUG-1999 09:51:50 10027084180 Annual Return
04-SEP-1998 13:21:56 10021747987 Annual Return
03-OCT-1997 13:37:44 10017507833 Annual Return
08-APR-1997 11:50:40 10012421027 Particulars of Directors
04-SEP-1996 15:20:31 10010017632 Annual Return
04-SEP-1996 10:56:54 10010014066 Annual Accounts (pre 1993 Act)
04-SEP-1996 10:56:42 10010014077 Annual Accounts (pre 1993 Act)
04-SEP-1996 10:56:31 10010014088 Annual Accounts (pre 1993 Act)
04-SEP-1996 10:56:18 10010014099 Annual Accounts (pre 1993 Act)
04-SEP-1996 10:56:06 10010014102 Annual Accounts (pre 1993 Act)
31-AUG-1995 16:16:42 10003698030 Annual Return
09-MAR-1995 15:38:33 10003049388 Particulars of Directors
02-MAR-1995 15:59:41 10003049399 Particulars of Directors
01-MAR-1995 15:41:44 10003048320 Annual Return
30-SEP-1994 14:10:07 Lodgement of Correspondence only Not Available
FINANCING STATEMENT DETAILS – Registered Liens
Financing Statement Registration No: FP7X69M992R2H290/C0003
Time of Registration:
05-May-2003 09:33:31
Date of Renewal:
03-May-2008 10:42:09
Time of Change:
03-May-2008 10:42:09
Date of Expiry:
03-May-2013 10:42:09
Status:
Registered
DEBTOR
Organisation
Name:
ASCOT WOOLS LTD
Organisation
Type:
Company
Incorporation
Number:
1115034
Debtor
Reference:
Email Address:
Fax:
Contact Telephone No:
Contact Address:
53 HIKANUI DRIVE
Suburb:
HAVELOCK NORTH
City/Town:
NAPIER
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 8853
Suburb:
HAVELOCK NORTH
City/Town:
NAPIER
Post Code:
Country:
New Zealand
Person Acting on behalf of:
First Name:
KEN
Last Name:
TUNNICLIFFE
Email Address:
Fax:
Contact Telephone No:
Contact Address:
53 HIKANUI DRIVE
Suburb:
HAVELOCK NORTH
City/Town:
NAPIER
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 8853
Suburb:
HAVELOCK NORTH
City/Town:
NAPIER
Post Code:
Country:
New Zealand
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2. Organisation Name:
G. MODIANO (NZ) LTD
Organisation Type:
Company
Incorporation Number:
164334
Debtor Reference:
Email Address:
Fax:
Contact Telephone No:
Contact Address:
LEVEL 6, 221 GLOUCESTER STREET
Suburb:
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 2271
Suburb:
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
Person Acting on behalf of:
First Name:
NEIL
Last Name:
WILBY
Email Address:
Fax:
Contact Telephone No:
Contact Address:
LEVEL 6, 221 GLOUCESTER STREET
Suburb:
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 2271
Suburb:
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
Organisation Name:
H DAWSON SONS & CO WOOL NZ LIMITED
Organisation Type:
Company
Incorporation Number:
131690
Debtor Reference:
Email Address:
Fax:
Contact Telephone No:
Contact Address:
1ST FLOOR, 99 VICTORIA STREET
Suburb:
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 2302
Suburb:
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
Person Acting on behalf of:
First Name:
MARK
Last Name:
JOHNSTON
Email Address:
Fax:
Contact Telephone No:
Contact Address:
1ST FLOOR, 99 VICTORIA STREET
Suburb:
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 2302
Suburb:
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
4 Organisation Name:
MARQUET 2000 LTD
Organisation Type:
Company
Incorporation Number:
1001078
Debtor Reference:
Email Address:
Fax:
Contact Telephone No:
Contact Address:
1ST FLOOR, 2 WALTON STREET
Suburb:
REMUERA
City/Town:
AUCKLAND
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 9387
Suburb:
City/Town:
AUCKLAND
Post Code:
Country:
New Zealand
Person Acting on behalf of:
First Name:
STEPHEN
Middle Names:
Last Name:
MAJOR
Email Address:
Fax:
Contact Telephone No:
Contact Address:
1ST FLOOR, 2 WALTON STREET
Suburb:
REMUERA
City/Town:
AUCKLAND
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 9387
Suburb:
City/Town:
AUCKLAND
Post Code:
Country:
New Zealand
5 Organisation Name:
MERINO SHEEPSKIN COMPANY LIMITED
Organisation Type:
Company
Incorporation Number:
251575
Debtor Reference:
Email Address:
Fax:
Contact Telephone No:
Contact Address:
LEE MARTON ROAD
Suburb:
MATANGI
City/Town:
HAMILTON
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 33
Suburb:
MATANGI
City/Town:
HAMILTON
Post Code:
Country:
New Zealand
Person Acting on behalf of:
First Name:
ANTON
Last Name:
MEIER
Email Address:
Fax:
Contact Telephone No:
Contact Address:
LEE MARTON ROAD
Suburb:
MATANGI
City/Town:
HAMILTON
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 33
Suburb:
MATANGI
City/Town:
HAMILTON
Post Code:
Country:
New Zealand
6 Organisation Name:
NEW ZEALAND WOOL SERVICES INTERNATIONAL LIMITED
Organisation Type:
Company
Incorporation Number:
530665
Debtor Reference:
Email Address:
Fax:
Contact Telephone No:
Contact Address:
UNIT 3, 585 WAIRAKEI ROAD
Suburb:
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 29 383
Suburb:
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
Person Acting on behalf of:
First Name:
JOHN
Last Name:
DAWSON
Email Address:
Fax:
Contact Telephone No:
Contact Address:
UNIT 3, 585 WAIRAKEI ROAD
Suburb:
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 29 383
City/Town:
CHRISTCHURCH
Post Code:
Country:
New Zealand
7 Organisation Name:
SEGARD MASUREL (NZ) LIMITED
Organisation Type:
Company
Incorporation Number:
18188
Debtor Reference:
Email Address:
Fax:
Contact Telephone No:
Contact Address:
95-99 MOLESWORTH STREET
Suburb:
City/Town:
WELLINGTON
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 12146
Suburb:
City/Town:
WELLINGTON
Post Code:
Country:
New Zealand
Person Acting on behalf of:
First Name:
PETER
Last Name:
WHITEMAN
Email Address:
Fax:
Contact Telephone No:
Contact Address:
95-99 MOLESWORTH STREET
Suburb:
City/Town:
WELLINGTON
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 12146
Suburb:
City/Town:
WELLINGTON
Post Code:
Country:
New Zealand
8 Organisation Name:
TEXTILE WOOLS LTD
Organisation Type:
Company
Incorporation Number:
925290
Debtor Reference:
Email Address:
Fax:
Contact Telephone No:
Contact Address:
UNIT 6, 322 REMUERA ROAD
Suburb:
REMUERA
City/Town:
AUCKLAND
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 28392
Suburb:
REMUERA
City/Town:
AUCKLAND
Country:
New Zealand
Person Acting on behalf of:
First Name:
DEAN
Last Name:
HEGAN
Email Address:
Fax:
Contact Telephone No:
Contact Address:
UNIT 6, 322 REMUERA ROAD
Suburb:
REMUERA
City/Town:
AUCKLAND
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 28392
Suburb:
REMUERA
City/Town:
AUCKLAND
Post Code:
Country:
New Zealand
9 Organisation Name:
WOOL DIRECT LTD
Organisation Type:
Company
Incorporation Number:
938730
Contact Address:
34 WEST QUAY
Suburb:
AHURIRI
City/Town:
NAPIER
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 329
Suburb:
City/Town:
NAPIER
Post Code:
Country:
New Zealand
Person Acting on behalf of:
First Name:
JOHN
Last Name:
DRANSFIELD
Email Address:
Fax:
Contact Telephone No:
Contact Address:
34 WEST QUAY
Suburb:
AHURIRI
City/Town:
NAPIER
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 329
City/Town:
NAPIER
Country:
New Zealand
Collateral Type:
Goods - Other
Description
All present and after acquired goods supplied by Elco Direct Limited and its related companies, together with all proceeds arising from those goods, including goods, money, accounts receivable, documents of title and investment securities
SECURED PARTY
Organisation Name:
ELCO DIRECT LTD
Email Address:
rcooper@cavbrem.co.nz
Fax:
+64 7 8275056
Contact Telephone No:
07 8275084
Contact Address:
750 VICTORIA ROAD
Suburb:
City/Town:
CAMBRIDGE
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 665
Suburb:
City/Town:
CAMBRIDGE
Post Code:
Country:
New Zealand
Person Acting on behalf of:
First Name:
WAYNE
Last Name:
CHUNG
Email Address:
wchung@cavbrem.co.nz
Fax:
+64 9 2794756
Contact Telephone No:
92776000
Contact Address:
7 GRAYSON AVANUE
Suburb:
PAPATOETOE
City/Town:
AUCKLAND
Post Code:
Country:
New Zealand
Mailing Address:
PO BOX 97040 SAMC
Suburb:
City/Town:
AUCKLAND
Post Code:
Country:
New Zealand
Is the requested address correct? YES – THIS IS A MAILING
ADDRESS ONLY
Legal Form
A
Privately held company formed under the New Zealand Comapnies Act, the company
has filed financial accounts.
Company Bankers
HSBC Bank
Ltd – Wellington NZ
Bank of New
Zealand Ltd. - Wellington
Australia
& New Zealand Bank Ltd. - Wellington
Westpac
Banking Corporation - Wellington
Financial Data
See attached
Suits, Litigation, Defaults Reported
None
Company History
This company
was formed in New Zealand in November 1965 and for many years operated under
its former name of MASURAL FILS NZ LIMITED until a change of name to the
present title in October 2005.
It
formerly showed owned as a subsidiary of ANTOINE SEGARD ET CIE of France until
it was acquired into its present ownership as shown above.
It
controls a subsidiary operation in Australia known as SEGARD MASUREL
(AUSTRALIA) PTY LTD.
The Segard family has been in the wool industry since 1906 as Segard & Cie in France. In 1963 they acquired Lesur & Cie, a Belgian company, and in 1975 they bought Masurel Fils worldwide. Masurel Fils started in wool trading as early as 1846, hence our claim “Wool since 1846”.
In 2006 it was decided to give the group a global identity, and today all group companies trade under the Segard Masurel name. The Segard Masurel Group are well established in France, Belgium, Australia, New Zealand and South Africa. All the Segard Masurel companies worldwide are entirely devoted to wool from all origins, and trade into every part of the globe. Greasy wools, slipes, scoureds, carbonised wools, wool tops and noils are its business.
Employees
12
Sic Classes
5159 Raw & Greasy Wool merchants
Line of Business
The company
engages as wool buyers, wool store operators and shippers of baled raw wool and
wool tops to the overseas market.
It is a
well established trading house and regarded as perhaps the largest operator of
its type in New Zealand.
It
purchases on behalf of its European parent entity and buys at wool sales around
New Zealand. A subsidiary company operates in Australia in a similar role to
subject.
Trading Addresses
9th Floor, PSIS House, 20-26 Ballance Street, Wellington NZ Phone : (644) 472 3596
PO Box 3473, Wellington New Zealand Fax : (644) 473 9727
Finance
In an
interview with the group accountants, the above information was confirmed and
copies of the company’s financial report for the year ended March 2007 were
gained as attached.
Sales for
the last reported year amounted to NZ $ 132,689,695 with resultant trading
profit from operations struck at NZ$ 1,538,382.
Net worth
of the company is noted to stand at $ 14,547,570.
Commercial
morality is considered good - Business property Leased
Payments
6 quarters
reported seasonal dealings with subject, known several years, purchases vary in
season between $ 85,000 and $ 370,000 with all quarters reporting prompt and
reliable settlements being effected.
18 further
local quarters indicated accounts held in excess of 10 years, low credit
$ 240 -
High credit $ 18,265
No
criticisms
Payments
average 38 days
Industry
terms 30 days
Press/News Items
NONE
RECORDED
Conclusions
CREDIT
AMOUNT $ Not indicated
Opinion: Local
sources consider the company would prove reliable for normal commercial credit
dealings as agreed.
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RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)