|
Report Date : |
03.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
MIGROS-GENOSSENSCHAFTS-BUND |
|
|
|
|
Registered Office : |
Limmatstrasse 152, 8005 Zürich/ZH |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
1925 |
|
|
|
|
Reg. No.: |
020.5.901.008-3 / 119283 |
|
|
|
|
Legal Form : |
Cooperative society |
|
|
|
|
Line of Business : |
Consumer markets/Department stores, Provider of meal services, Training, Entertainment/Wellness, Financial services |
|
|
|
|
No. of Employees : |
80'000-99'999 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Switzerland - ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. The Swiss have brought their economic practices largely into conformity with the EU's, to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy recovered in 2010 with 2.7% growth. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safehaven currency. The independent SNB has upheld its zero-interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell to 2.1% in 2011. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and in 2011 it reached deals with Germany and the UK to resolve outstanding issues, particularly the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.
|
Source : CIA |
MIGROS-GENOSSENSCHAFTS-BUND
Limmatstrasse 152
8005 Zürich/ZH
Switzerland/CH
Telephone: 044 2772111
Fax: 044 2772525
Web site: http://www.migros.ch
E-mail: info@migros.ch
WIN No.: CH0000027182
VAT-No.: CHE105829940
Established: 1925
Line of Business: Consumer
markets/Department stores, Provider of meal services, Training,
Entertainment/Wellness, Financial services
Industry Division: Retail
trade, Services
Industry-code (NACE): 4711 Retail sale in non-specialised stores with
food, beverages or tobacco
predominating
5610 Restaurants and mobile food service
activities
8559 Other education n.e.c.
9329 Other amusement and recreation activities
6420 Activities of holding companies
Import/Export: Export
Export sales: 7.8%
Banks: UBS
Ltd
Migros
Bank
ZKB
Zürcher Kantonalbank
CS
Credit Suisse
Organisation level: Ultimate
Parent
Coverage: Group
Employees: 80'000-99'999
Sales: CHF 10 Bil +
Migros is one of the largest retailer in Switzerland. The 10 regional
cooperatives operate over 600 retail outlets covering all of Switzerland.
Real Estate: The company owns
extensive property.
Company No: 020.5.901.008-3
/ 119283
Legal form: Cooperative
society
Registration: 01.11.1941
Legal status: active
Responsible Register: Handelsregister
des Kantons Zürich
History: Date
of Statutes: 07.10.1983
Date
of Statutes: 26.03.2011
Date
of Statutes: 27.10.2007
Date
of Statutes: 09.11.2002
Date
of Statutes: 13.11.1999
Entry Deleted Name
active Migros-Genossenschafts-Bund
13.02.2002 Fédération
des coopératives Migros (Name translated)
13.02.2002 Federation
of Migros Co-operatives (Name translated)
13.02.2002 Federazione
delle cooperative Migros (Name translated)
Entry Deleted Legal domicile
active Zürich,
Switzerland
Entry Deleted Address
active Limmatstrasse
152, 8005 Zürich/ZH, Switzerland/CH
13.02.2002 Migros-Genossenschafts-Bund,
Postfach, 8031 Zürich/ZH, Switzerland/CH (Postal address)
Entry Deleted Activity (original Language)
20.03.2008 Im Sinne des
Sozialen Kapitals und nach dem Ideengut der Gründer stellt die Migros den
Menschen in den Mittelpunkt: Sie dient den Menschen und ist gegenüber den
Genossenschaftern, Kunden, Mitarbeitenden, Lieferanten, Sozialpartnern,
Behörden und der allgemeinen Öffentlichkeit verantwortungsbewusst. In diesem
Sinne a) vermittelt die Migros der Bevölkerung preiswerte Waren und
Dienstleistungen von guter Qualität; b) setzt sich die Migros für eine
wettbewerbsorientierte, ethische und umweltgerechte Marktwirtschaft ein; c)
setzt sich die Migros für die Vermittlung von Kultur und für Massnahmen zur
Aus- und Weiterbildung der Bevölkerung ein; d) versteht sich die Migros als
Brücke zwischen Produktion und Konsument; e) fördert die Migros die Gesundheit
der Bevölkerung. Die Migros ist demokratisch organisiert und bekennt sich zu
einer der Migros-Struktur entsprechenden Corporate Gouvernance. Der MGB
bezweckt: a) autonome Genossenschaften zusammenzuschliessen, die sich zu den
Migros-Werten bekennen und ihren Mitgliedern und der Bevölkerung preiswerte
Waren und Dienstleistungen von guter Qualität sowie Kultur, Bildung und
Freizeitangebote vermitteln; b) sie in ihrer Tätigkeit im Sinne gemeinsamer
Selbsthilfe zu unterstützen; c) Synergien innerhalb der Migros zu fördern. Der
MGB kann alle kommerziellen, finanziellen, wirtschaftspolitischen und anderen
Tätigkeiten ausüben, welche mit seinem Zweck in direktem oder indirektem
Zusammenhang stehen. Der MGB kann Tochtergesellschaften im In- und Ausland
errichten, sich an anderen Unternehmen im In- und Ausland beteiligen, sowie
Grundstücke erwerben, halten und veräussern.
20.03.2008 Genossenschaften
zusammenzuschliessen, die nach den für die Migros-Gemeinschaft geltenden
Grundsätzen ihren Mitgliedern und der Bevölkerung im allgemeinen in günstiger
Weise Waren und Dienstleistungen von guter bis hoher Qualität sowie Kulturgüter
vermitteln; die Interessen der angeschlossenen Genossenschaften und der übrigen
Migros-Gemeinschaft in gemeinsamer Selbsthilfe zu wahren; die wirtschaftlichen,
sozialen und kulturellen Ideale und Interessen der Mitglieder der
angeschlossenen Genossenschaften und der Bevölkerung im allgemeinen zu fördern
und gegenüber Behörden und Wirtschaftsverbänden - auch durch den Einsatz der den
Mitgliedern der angeschlossenen Genossenschaften zustehenden politischen Rechte
- zu vertreten; das Migros-Gedankengut und die Genossenschaftsidee zu
verbreiten und zu vertiefen; die Geschäftspolitik, die Zielsetzung und die
Tätigkeiten aller in der Migros-Gemeinschaft zusammengefassten Genossenschaften
und Unternehmungen, Organisationen und Stiftungen im Interesse des Ganzen zu
koordinieren, unter Vorbehalt ihrer Statuten und unter Wahrung ihrer Autonomie;
die Migros-Gemeinschaft nach aussen zu vertreten.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
active Obligations:
Siehe Genossenschafts-Statuten.
active Board of
directors: Mit Beschluss vom 25.1.1958 hat die Verwaltung die Befugnis zur Erteilung
von Prokuren und Handlungsvollmachten auf die Verwaltungsdelegation übertragen.
active Participation
certificates: CHF 1'000.--.
14.12.2007 Transfer
of Assets: Die Genossenschaft überträgt gemäss Vertrag vom 20.11.2007 Aktiven
von CHF 3'289'470.-- auf die Micarna SA, in Courtepin (CH-
550.0049827-8).
Gegenleistung: CHF 3'289'470.--.
21.09.2007 Transfer
of Assets: Die Genossenschaft überträgt gemäss Vertrag vom 08.08.2007 Aktiven
von CHF 875'500'000.-- auf die Migros Beteiligungen AG, in
Spreitenbach (CH-020.3.910.482-9).
Gegenleistung: Betriebskredit von CHF 817'000'000.--.
29.06.2007 Transfer
of Assets: Die Genossenschaft überträgt gemäss Vertrag vom 15.06.2007 Aktiven
von CHF 8'653'200.-- auf die Liegenschaften-Betrieb AG, in Zürich (CH-
020.3.916.022-2).
Gegenleistung: Betriebskredit von CHF 8'653'200.--.
25.05.2007 Transfer
of Assets: Die Genossenschaft überträgt gemäss Vertrag vom 21.05.2007 Aktiven
von CHF 185'171'574.08 auf die Liegenschaften-Betrieb AG, in Zürich
(CH-020.3.916.022-2).
Gegenleistung: Betriebskredit von CHF 185'171'574.08.
25.05.2007 Transfer
of Assets: Die Genossenschaft überträgt gemäss Vertrag vom 21.05.2007 Aktiven
von CHF 13'565'800.-- auf die Genossenschaft Migros Zürich, in Zürich
(CH-020.5.900.650-3).
Gegenleistung: CHF 13'565'800.--.
25.05.2007 Transfer
of Assets: Die Genossenschaft überträgt gemäss Vertrag vom 21.05.2007 Aktiven
von CHF 11'520'200.-- auf die Jowa AG, in Volketswil (CH-
020.3.914.293-0).
Gegenleistung: CHF 11'520'200.--.
21.05.2007 Transfer
of Assets: Die Genossenschaft überträgt gemäss Vertrag vom 05.04.2007 Aktiven
von CHF 705'260'219.30 auf die Globus Holding AG, in Spreitenbach
(CH-020.3.910.482-9).
Gegenleistung: keine.
10.05.2007 Transfer
of Assets: Die Genossenschaft überträgt gemäss Vertrag vom 05.04.2007 Aktiven
von CHF 50'550'000.-- auf die Globus Holding AG, in Spreitenbach (CH-
020.3.910.482-9).
Gegenleistung: keine.
12.06.1996 Merger: Die
Genossenschaft übernimmt die M-Informatic AG, in Dietikon, durch Fusion.
Aktiven von CHF 2'247'058.70 und Passiven von CHF 5'842'300.63 der M-Informatic
AG gehen gemäss Fusionsvertrag vom 20.03.1996 und Fusionsbilanz per 31.12.1995
durch Universalsukzession auf die Genossenschaft über.
14.12.2011 Liability: Ohne persönliche Haftung.
30.03.2006 30.12.2009 Note: Geschäftsbezeichnung: MGB.
Title Name
President Andrea Broggini, Origin: Losone,
Switzerland, Residential address: 6942 Savosa/TI, Switzerland, joint signature of
two, Registered since: 01.10.2007
Vice-President Dr. Doris Aebi, Origin: Aetingen,
Switzerland, Residential address: 5040 Schöftland/AG, Switzerland, joint
signature of two, Registered since: 03.10.2003
Vice-President Christian Biland, Origin: Birmenstorf AG,
Switzerland, Residential address: Wettingen/AG, Switzerland, joint signature of
two, Registered since: 11.11.2002
Director Max Alter, Origin: Vollèges,
Switzerland, Residential address: Bovernier, Switzerland, without signature,
Registered since: 05.08.2008
Director Patrick Avanthay, Origin:
Val-d'Illiez, Switzerland, Residential address: 1907 Saxon/VS, Switzerland,
without signature, Registered since: 06.07.2009
Director Roger Baillod, Origin: Couvet,
Switzerland, Residential address: Jonschwil, Switzerland, without signature,
Registered since: 17.07.2008
Director Dominique
Biedermann, Origin: Genf, Obergösgen, Switzerland, Residential address:
Meinier,
Switzerland,
without signature, Registered since: 31.08.2012
Director Herbert
Bolliger, Origin: Schmiedrued, Switzerland, Residential address:
Oberrohrdorf/AG,
Switzerland, joint
signature of two, Registered since: 08.11.1994
Director Lorenzo Emma,
Origin: Blenio, Switzerland, Residential address: Vezia, Switzerland, without
signature,
Registered since: 05.08.2008
Director Jean-René
Germanier, Origin: Vétroz, Switzerland, Residential address: Vétroz,
Switzerland,
without signature,
Registered since: 17.07.2008
Director Paola
Ghillani, Origin: Bulle, Switzerland, Residential address: Bulle, Switzerland,
without
signature,
Registered since: 17.07.2008
Director Marcelle
Junod, Origin: Vaumarcus, Switzerland, Residential address: Biel/Bienne,
Switzerland,
without signature,
Registered since: 31.08.2012
Director Oswald
Kessler, Origin: Zürich, Switzerland, Residential address:
Yverdon-les-Bains/VD,
Switzerland,
without signature, Registered since: 05.08.2008
Director Werner Krättli, Origin: Untervaz,
Switzerland, Residential address: Maisprach, Switzerland, without signature,
Registered since: 06.03.1998
Director Felix Meyer,
Origin: Nidau, Biel/Bienne, Vendlincourt, Switzerland, Residential address:
Nidau,
Switzerland,
without signature, Registered since: 31.08.2012
Director Ruth Rauschenbach, Origin: Basel,
Switzerland, Residential address: Zürich, Switzerland, without signature,
Registered since: 31.08.2012
Director Prof. Dr.
Thomas Rudolph, Origin: Germany, Residential address: St. Gallen/SG,
Switzerland,
without signature,
Registered since: 03.10.2003
Director Marc Schaefer,
Origin: Zürich, Lausanne, Switzerland, Residential address: Préverenges,
Switzerland,
without signature, Registered since: 05.08.2008
Director Ursula
Schoepfer, Origin: Winterthur, Switzerland, Residential address: 4114
Hofstetten-Flüh/SO,
Switzerland,
without signature, Registered since: 01.10.2007
Director Guy Vibourel,
Origin: France, Residential address: Vetraz-Monthoux, France, without
signature,
Registered since:
02.02.2001
Director Heinz
Winzeler, Origin: Barzheim, Switzerland, Residential address: Wallisellen,
Switzerland,
without signature,
Registered since: 03.10.2003
Director Hans A.
Wüthrich, Origin: St. Gallen, Switzerland, Residential address: Rheinfelden,
Switzerland,
without signature,
Registered since: 31.08.2012
Director Beat Zahnd,
Origin: Rüschegg, Switzerland, Residential address: Münchenbuchsee,
Switzerland,
without signature,
Registered since: 05.08.2008
Title Name
President of the general direction Herbert
Bolliger, Origin: Schmiedrued, Switzerland, Residential address:
Oberrohrdorf/AG, Switzerland, joint
signature of two, Registered since: 08.11.1994
Member of the
general direction Dr. Dieter
Berninghaus, Origin: Germany, Residential address: 8700 Küsnacht/ZH,
Switzerland, joint signature of two, Registered since: 20.03.2008
Member of the
general direction Walter
Huber, Origin: Zürich, Switzerland, Residential address: 6210 Sursee/LU,
Switzerland, joint signature of two, Registered since: 09.01.2008
Member of the
general direction Andreas
Münch, Origin: Dornach, Switzerland, Residential address: Ennetbaden/AG,
Switzerland, joint signature of two, Registered since: 08.11.2005
Member of the general direction Oskar
Sager, Origin: Gränichen, Switzerland, Residential address:
Seon/AG, Switzerland, joint signature of
two, Registered since: 23.04.2008
Member of the general direction Fabrice
Zumbrunnen, Origin: Aeschi bei Spiez, Switzerland, Residential
address: La Chaux-de-Fonds /NE, Switzerland,
joint signature of two, Registered since: 05.08.2008
Deputy chairman of the general direction Jörg Zulauf, Origin: Zürich,
Switzerland, Residential address: 8800
Thalwil/ZH, Switzerland, joint signature of
two, Registered since: 02.02.2001
Member with signing authority Beat
Arbenz, Origin: Andelfingen, Switzerland, Residential address:
8442 Hettlingen/ZH, Switzerland, joint
signature of two, Registered since: 26.02.2009
Member with signing authority Annina
Arpagaus, Origin: Uetikon am See, Switzerland, Residential
address: Uetikon am See, Switzerland, joint
signature of two, Registered since: 21.12.2010
Member with signing authority Lorenz
Brügger, Origin: Gelterfingen, Switzerland, Residential address:
Balerna, Switzerland, joint signature of
two, Registered since: 19.09.2011
Member with
signing authority Hans-Rudolf
Castell, Origin: Schwyz, Switzerland, Residential address: 6300 Zug/ZG,
Switzerland, joint signature of two, Registered since: 01.10.2007
Member with
signing authority Marc
Patrick Engelhard, Origin: Opfikon, Switzerland, Residential. address:
Bülach/ZH, Switzerland, joint signature of two, Registered since: 17.09.2009
Member with
signing authority Markus
Gisiger, Origin: Messen, Switzerland, Residential address: Birmenstorf/AG,
Switzerland, joint signature of two, Registered since: 25.09.2008
Member with
signing authority Monica
Glisenti, Origin: Selzach, Switzerland, Residential address: Seon/AG,
Switzerland, joint signature of two, Registered since: 13.02.2002
Member with
signing authority Hedy
Graber, Origin: Genève, Switzerland, Residential address: Zürich/ZH,
Switzerland, joint signature of two, Registered since: 02.02.2004
Member with
signing authority Martin
Haas, Origin: Flühli, Switzerland, Residential address: Ennetbaden/AG,
Switzerland, joint signature of two, Registered since: 13.10.2009
Member with
signing authority Jann
Hatz, Origin: Chur, Calfreisen, Switzerland, Residential address: Aesch/ZH,
Switzerland, joint signature of two, Registered since: 11.10.2006
Member with
signing authority Marlène
Honegger, Origin: Zürich, Switzerland, Residential address: Widnau,
Switzerland, joint signature of two, Registered since: 11.10.2006
Member with
signing authority Matthias
Kneubühl, Origin: Zürich, Switzerland, Residential address: Stäfa, Switzerland,
joint signature of two, Registered since: 29.07.2011
Member with
signing authority André
Knubel, Origin: Zweisimmen, Switzerland, Residential address: Schönenbuch,
Switzerland, joint signature of two, Registered since: 03.05.2004
Member with
signing authority Beda
Ledergerber, Origin: Andwil SG, Waldkirch, Switzerland, Residential address:
Neerach, Switzerland, joint signature of two, Registered since: 01.06.2005
Member with
signing authority Noel
Matos, Origin: United States of America, Residential address: Basel/BS,
Switzerland, joint signature of two, Registered since: 18.11.2008
Member with
signing authority Bernd
Messerer, Origin: Germany, Residential address: Inzlingen , Germany, joint
signature of two, Registered since: 06.04.2001
Member with
signing authority Bernhard
Metzger, Origin: Eschenz, Switzerland, Residential address: Lufingen,
Switzerland, joint signature of two, Registered since: 01.06.2005
Member with
signing authority Andrea
Moser, Origin: Altendorf, Switzerland, Residential address: Zürich/ZH,
Switzerland, joint signature of two, Registered since: 21.12.2010
Member with
signing authority Raymond
Muntwyler, Origin: Spreitenbach, Switzerland, Residential address: Adliswil,
Switzerland, joint signature of two, Registered since: 17.09.2012
Member with signing authority Markus
Neukom, Origin: Neuendorf, Switzerland, Residential address:
8124 Maur/ZH, Switzerland, joint signature
of two, Registered since: 09.01.2008
Member with signing authority Thomas
Paroubek, Origin: Obersiggenthal, Switzerland, Residential
address: Zürich/ZH, Switzerland, joint
signature of two, Registered since: 21.12.2010
Member with signing authority Wolfgang
Pfaffender, Origin: Winterthur, Switzerland, Residential
address: Trüllikon, Switzerland, joint
signature of two, Registered since: 10.07.2012
Member with
signing authority Marcel
Schaniel, Origin: Savognin, Switzerland, Residential address: Unterengstringen,
Switzerland, joint signature of two, Registered since: 23.12.2009
Member with
signing authority Martin
Schläpfer, Origin: Wald AR, Switzerland, Residential address: Stettlen,
Switzerland, joint signature of two, Registered since: 14.10.2003
Member with
signing authority Thomas
Schmutz, Origin: Zürich, Kehrsatz, Switzerland, Residential address:
Zumikon/ZH, Switzerland, joint signature of two, Registered since: 04.09.1995
Member with
signing authority Peggy
Schuhmann, Origin: Germany, Residential address: Zürich/ZH, Switzerland, joint
signature of two, Registered since: 11.10.2006
Member with
signing authority Hans
Ulrich Siber, Origin: Bassersdorf, Zürich, Switzerland, Residential address:
8807 Freienbach/SZ, Switzerland, joint signature of two, Registered since:
05.03.2010
Member with
signing authority Alex
Sieber, Origin: Widnau, Switzerland, Residential address: Baden/AG, Switzerland,
joint signature of two, Registered since: 03.10.2003
Member with
signing authority Michael
Spiess, Origin: Germany, Residential address: Zürich/ZH, Switzerland, joint
signature of two, Registered since: 06.04.2001
Title Name
Auditor PricewaterhouseCoopers AG,
Residential address: Zürich, Switzerland, Registered since: 06.07.2009
Title Name
Chief Executive Officer Herbert
Bolliger
Chief Financial Officer Jörg
Zulauf
Chief Marketing Officer Oskar
Sager
Chief Sales Officer Dr.
Dieter Berninghaus
Chief Production Officer Walter
Huber
Chief Logistics Officer Andreas
Münch
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2007
Number of months: 12 12 12 12 12
Currency: mil.
CHF mil. CHF mil. CHF mil. CHF mil.
CHF
Statement norm: IAS IAS IAS IAS IAS
Balance
Sheet
Intangible fixed
assets 1'380.9 1'275.2 1'207.4 1'190.9 1'072.9
Land and buildings 6'908.5 6'732.2 6'740.8 6'677.6 305.3
Other tangible
fixed assets 5'139.1 5'163.4 4'796.7 4'537.2 10'333.5
Tangible fixed
assets 12'047.6 11'895.6 11'537.5 11'214.8 10'638.8
Financial fixed
assets 2'527.7 3'431.6 3'465.7 3'124.1 3'323.0
other fixed assets 853.9 839.7 738.9 494.6 402.2
Fixed assets 16'810.1 17'442.1 16'949.5 16'024.4 15'436.9
Stocks 2'162.5 2'042.2 2'056.0 2'093.7 2'041.1
Trade accounts
receivable 31'499.8 29'612.6 28'438.4 27'128.5 25'877.2
Liquid assets 4'569.4 3'125.4 3'167.2 3'148.8 2'834.9
Securities 208.5
other trade
accounts 139.6 152.2 194.1 345.5 333.5
Accruals 0.0
Other current
assets 4'709.0 3'277.6 3'361.3 3'494.3 3'376.9
Current assets 38'371.3 34'932.4 33'855.7 32'716.5 31'295.2
Total assets 55'181.4 52'374.5 50'805.2 48'740.9 46'732.1
Capital 21.0 20.9 20.8 20.6 20.3
Other shareholders
funds 14'836.8 14'257.6 13'327.8 12'213.7 11'601.3
Total shareholders
equity 14'857.8 14'278.5 13'348.6 12'234.3 11'621.6
Minority interests 20.6 15.5 14.8 19.7 14.5
long term debt
(financial debts) 528.7 737.1 1'063.5 1'257.4 1'439.3
Provisions 63.7 53.6 58.2 49.5 98.9
Other non current
liabilities 1'963.9 1'771.0 1'887.5 2'224.2
Non current
liabilities 2'556.3 2'561.7 3'009.2 3'531.1 1'538.2
short term debt
(financial debts) 9'091.1 6'309.3 6'525.2 7'030.8 2'132.6
Trade accounts
payable 27'438.0 25'959.9 24'751.2 22'791.0 30'366.5
Provisions 52.8 58.0 54.9 70.9
Accruals 0.0
other accounts
payable 1'164.8 3'191.6 3'101.3 3'063.1 1'058.7
other current
liabilities 1'217.6 3'249.6 3'156.2 3'134.0 1'058.7
Current
liabilities 37'746.7 35'518.8 34'432.6 32'955.8 33'557.8
Shareh. equity,
min. interests + liabilities 55'181.4 52'374.5 50'805.2 48'740.9 46'732.1
Profit
and loss account
Net sales 23'586.0 23'809.7 23'701.1 24'449.5 21'341.1
Other operating
revenue 311.5 270.7 1'245.8 1'300.3 364.1
Operating revenue 23'897.5 24'080.4 24'946.9 25'749.8 21'705.2
Cost of goods sold 14'302.5 14'550.7 14'455.8 15'414.8 12'907.0
Gross profit 9'595.0 9'529.7 10'491.1 10'335.0 8'798.2
Other operating expenses 9'207.6 8'941.6 9'166.9 9'221.7 8'748.1
Operating result 387.4 588.1 1'324.2 1'113.3 50.1
Interest revenues 987.9 852.5 32.9 69.7 65.3
other financial
revenues 5.5 199.5 31.3 -140.2 991.3
Financial income 993.4 1'052.0 64.2 -70.5 1'056.6
Interest expenses 477.4 457.1 91.7 130.0 107.8
other financial
expenses 107.3 64.3 29.7 2.5 3.4
Financial expenses 584.7 521.4 121.4 132.5 111.2
Financial result 408.7 530.6 -57.2 -203.0 945.4
Result before
extraordinary items 796.1 1'118.7 1'267.0 910.3 995.5
Result before
taxes 796.1 1'118.7 1'267.0 910.3 995.5
Taxes 133.7 226.9 285.4 209.4 196.3
Result before
minority interests 662.4 891.8 981.6 700.9 799.2
minority interests 0.0 0.8 4.2 0.6 -1.7
Result for the
financial year 662.4 891.0 977.4 700.3 800.9
Cash
flow
Depreciation 1'136.4 1'139.5 1'125.3 983.9 975.2
Cash flow 1'798.8 2'031.3 2'106.9 1'684.8 1'774.4
Cash flow from
operating activities 1'126.7 1'999.0 2'409.6 2'471.5 1'267.7
Investments in
tangible fixed assets 1'229.8 1'377.4 1'479.5 1'673.8 1'395.1
Cash flow from
investing activities -438.9 -1'464.8 -1'601.6 -1'761.7 -1'677.3
Cash flow from
financing activities 759.1 -585.8 -786.3 -371.1 829.5
Others -2.9 9.8 -3.3 -24.8 2.8
Change in
liquidity 1'444.0 -41.8 18.4 313.9 422.7
Liquidity at
beginning of the year 3'125.4 3'167.2 3'148.8 2'834.9 2'412.2
Liquidity at end
ot the year 4'569.4 3'125.4 3'167.2 3'148.8 2'834.9
Notes
Cost of employees 5'038.5 4'934.9 4'931.7 4'901.4 4'653.4
Added value 7'448.4 7'650.2 7'415.7 6'928.3 6'731.9
Working Capital 6'224.3 5'694.9 28'296.1 -3'183.0 -2'448.2
Sales per Employee 0.3 0.3 0.3 0.3 0.3
Gross cost land
and buildings 10'908.4 11'050.8 10'050.8 9'726.3 9'777.6
Gross cost other
tangible fixed assets 13'171.1 12'637.7 12'678.0 12'174.3 11'357.0
Gross cost total 24'079.5 23'688.5 22'728.8 21'900.6 21'134.6
Insurance value
land and buildings 13'844.3 13'601.6 13'546.8 13'011.1 12'141.2
Insurance value
other tang. fixed assets 10'448.9 9'629.9 9'911.7 9'417.2 9'182.6
Insurance value
total 24'293.2 23'231.5 23'458.5 22'428.3 21'323.8
Employees average 84'823 82'097 83'780 84'096 82'712
Full time units
average 61'120 61'615 61'734 62'412 61'463
Offices 623 610 604 601 589
Offices inland 623 610 604 601 589
Offices abroad 0 0 0 0 0
No. of Owner/-s: 10
Owner: The company is domestic owned.
Class: 30-39%
Name: Genossenschaft
Migros Zürich
City/Country: Zürich/ZH,
Switzerland/CH
Interest: 32.30%
voting right, 32.30% capital interest
Class: 10-19%
Name: Genossenschaft
Migros Aare
City/Country: Schönbühl/BE,
Switzerland/CH
Interest: 19.70%
voting right, 19.70% capital interest
Class: 10-19%
Name: Genossenschaft
Migros Ostschweiz
City/Country: Gossau/SG,
Switzerland/CH
Interest: 11.44%
voting right, 11.44% capital interest
Class: 10-19%
Name: Genossenschaft
Migros Basel
City/Country: Basel/BS,
Switzerland/CH
Interest: 10.00%
voting right, 10.00% capital interest
Class: 0-9%
Name: Société
Coopérative Migros Genève
City/Country: Carouge
(GE)/GE, Switzerland/CH
Interest: 7.20%
voting right, 7.20% capital interest
Class: 0-9%
Name: Société
Coopérative Migros Vaud
City/Country: Ecublens
VD/VD, Switzerland/CH
Interest: 4.80%
voting right, 4.80% capital interest
Class: 0-9%
Name: Genossenschaft
Migros Luzern, in Dierikon
City/Country: Ebikon
(Post)/LU, Switzerland/CH
Interest: 4.63%
voting right, 4.63% capital interest
Class: 0-9%
Name: Société
coopérative Migros Neuchâtel-Fribourg
City/Country: Marin-Epagnier/NE,
Switzerland/CH
Interest: 4.40%
voting right, 4.40% capital interest
Class: 0-9%
Name: Società
Cooperativa fra produttori e consumatori Migros - Ticino
City/Country: Sant'Antonino/TI,
Switzerland/CH
Interest: 3.80%
voting right, 3.80% capital interest
Class: 0-9%
Name: Société
coopérative Migros Valais
City/Country: Martigny/VS,
Switzerland/CH
Interest: 1.70%
voting right, 1.70% capital interest
Class: 100%
Name: Cremesso
AG
City/Country: Zürich/ZH,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 2008)
Class: 100%
Name: Denner
AG
City/Country: Zürich/ZH,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 12.01.2007)
Class: 100%
Name: EG
Dritte Kraft AG
City/Country: Zug/ZG,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 2007)
Class: 100%
Name: Ferrovia
Monte Generoso SA
City/Country: Capolago/TI,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Klubschule
Migros (Division von Migros-Genossenschafts-Bund)
City/Country: Zürich/ZH,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: M
Industry Canada Inc
City/Country: New
Brunswick, Canada/CA
Interest: 100.00%
voting right, 100.00% capital interest (since 2009)
Class: 100%
Name: M
Industry USA Inc
City/Country: Delaware,
United States of America/US
Interest: 100.00%
voting right, 100.00% capital interest (since 2009)
Class: 100%
Name: Migrol
AG
City/Country: Zürich/ZH,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: migrolino
AG
City/Country: Suhr/AG,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 2000)
Class: 100%
Name: Migros
Beteiligungen AG
City/Country: Rüschlikon/ZH,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: Migros
Verteilzentrum Suhr AG
City/Country: Suhr/AG,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 1999)
Class: 100%
Name: Migros-Verteilbetrieb
Neuendorf AG
City/Country: Neuendorf/SO,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest
Class: 100%
Name: m-way
ag
City/Country: Glattbrugg/ZH,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 2011)
Class: 100%
Name: Ryffel
Running Versand AG
City/Country: Uster/ZH,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 31.12.2010)
Class: 100%
Name: Scana
Lebensmittel AG
City/Country: Regensdorf/ZH,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 2002)
Class: 100%
Name: Sportxx
AG
City/Country: Zürich/ZH,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 03.12.2009)
Class: 100%
Name: SSP-Informatik
AG
City/Country: Zürich/ZH,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest (since 2005)
Class: 100%
Name: Swiss
Industries GmbH
City/Country: Weil
am Rhein, Germany/DE
Interest: 100.00%
voting right, 100.00% capital interest (since 2002)
Class: 100%
Name: TKL
Tiefkühllager AG
City/Country: Neuendorf/SO,
Switzerland/CH
Interest: 100.00%
voting right, 100.00% capital interest
Class: 50-99%
Name: Migros
Liegenschaften GmbH
City/Country: Lörrach,
Germany/DE
Interest: 94.00%
voting right, 94.00% capital interest (since 2001)
Class: 50-99%
Name: Le
Shop S.A.
City/Country: Ecublens
VD/VD, Switzerland/CH
Interest: 90.50%
voting right, 90.50% capital interest (since 2003)
Class: 50-99%
Name: Ryffel
Running AG
City/Country: Bern/BE,
Switzerland/CH
Interest: 60.00%
voting right, 60.00% capital interest (since 31.12.2010)
Class: 50-99%
Name: Gries
Deco Holding GmbH
City/Country: Niedernberg/Bayern,
Germany/DE
Interest: 51.10%
voting right, 51.10% capital interest (since 22.01.2009)
Class: 30-39%
Name: Galaxus
AG
City/Country: Wohlen
AG/AG, Switzerland/CH
Interest: 30.00%
voting right, 30.00% capital interest (since 06.06.2012)
Class: 20-29%
Name: Centravo
Holding AG
City/Country: Zürich/ZH,
Switzerland/CH
Interest: 24.83%
voting right, 24.83% capital interest
Class: 0-9%
Name: Betriebsgesellschaft
Kongresshaus Zürich AG
City/Country: Zürich/ZH,
Switzerland/CH
Interest: 5.56%
voting right, 5.56% capital interest
Class: 0-9%
Name: Proviande
Genossenschaft
City/Country: Bern/BE,
Switzerland/CH
Interest: 4.55%
voting right, 4.55% capital interest
Class: 0-9%
Name: VZ
Holding AG
City/Country: Zürich/ZH,
Switzerland/CH
No. of shares: 352'619
Interest: 4.41%
voting right, 4.41% capital interest (since 28.04.2008)
An updated legal action check is only available against proof of interest.
e.g. a copy of an enquiry letter, and order or invoice relating to the subject
company.
Financial Situation: The
financial situation is very good.
Payment experiences: Financial
obligations are paid very punctually.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.52 |
|
|
1 |
Rs.87.48 |
|
Euro |
1 |
Rs.70.89 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
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 |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.