MIRA INFORM REPORT

 

 

 

 

Report Date :

26.12.2013

 

IDENTIFICATION DETAILS

 

Name :

MANOR AG

 

 

Registered Office :

Rebgasse 34, 4058 Basel/BS

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2011

 

 

Year of establishments :

1892

 

 

Com. Reg. No.:

270.3.003.869-2 / 112403\

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Subject is engaged in operation of department stores with emphasis on clothing and consumer goods.

 

 

No. of Employees :

10'000-19'999 employees

 


 

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

(31.03.2012)

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

 

 


Company name

 

Manor AG

 

 

Operating address

 

Rebgasse 34                                                                  Manor AG Verteilzentrale

4058 Basel/BS                                                               Industriestrasse 7

Switzerland/CH                                                               4313 Möhlin/AG

                                                                                     Switzerland/CH

 

Telephone:                    061 6861111                               061 8555222

                                    0616861830

Fax:                             061 6861192                               061 8555209

 

Web site:                      http://www.manor.ch

E-mail:                         info@manor.ch

 

VAT-No.:                      CHE105901193

 

 

Profile

 

Established:                  1892

Line of Business:           Retail stores, Consumer markets/Department stores

Industry Division:           Retail trade

Industry-code (NACE):     4778     Other retail sale of new goods in specialised stores

                                      4729     Other retail sale of food in specialised stores

                                      4771     Retail sale of clothing in specialised stores

                                      4765     Retail sale of games and toys in specialised stores

                                      4754     Retail sale of electrical household appliances in specialised stores

Import/Export:               Export

Banks:                         UBS Ltd

 

 

Operational Figures

 

Coverage:                     Company

Employees:                  10'000-19'999

Sales:                          CHF 2-4 Bil

 

 

Activity

 

The business activities are the operation of department stores with emphasis on clothing and consumer goods. The businesses are run under the names Manor, Placette and Innovazion. Total sales areas 325'207 m2.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                270.3.003.869-2 / 112403

Legal form:                    Company limited by shares

Registration:                 23.06.1924

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Basel-Stadt

History:                        Date of Statutes: 16.06.1924

                                    Date of Statutes: 24.06.1994

                                    Date of Incorporation Statutes: 27.03.1924

                                    Date of Statutes: 30.05.2011

                                    Date of Statutes: 27.06.2007

                                    Date of Statutes: 16.11.2004

 

Entry            Deleted   Name

active                           Manor AG

active                           Manor SA (Name translated)

active                           Manor Ltd (Name translated)

 

Entry            Deleted   Legal domicile

active                           Basel, Switzerland

 

Entry            Deleted   Address

active                           Rebgasse 34, 4058 Basel/BS, Switzerland/CH

 

Entry            Deleted   Capital

28.09.2007                    Share Capital CHF 50'000'000, paidup CHF 50'000'000

                    28.09.2007  Share Capital CHF 43'000'000, paidup CHF 43'000'000

 

Entry            Deleted   Capital Structure

28.09.2007                    50'000 Bearer shares of CHF 1'000.--

                    28.09.2007  43'000 Bearer shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

07.06.2011                    Zweck der Gesellschaft ist der Betrieb von Detailhandelsunternehmen, insbesondere von Kaufhäusern mit Handelsartikeln aller Art unter den Enseignen "Manor", "Placette" usw.. Die Gesellschaft bezweckt im  weiteren die Erbringung von Dienstleistungen für angeschlossene und aussenstehende Betriebe, insbesondere Einkauf, Verkauf, Verwaltung, Lagerung, Konfektionierung und Logistik bezüglich Waren aller Art, sowie Herstellung und Verarbeitung von Produkten und Artikeln, die in Warenhäusern vertrieben werden. Die Gesellschaft kann Grundstücke erwerben, verwalten und veräussern und gleiche oder ähnliche Unternehmen erwerben oder sich an solchen beteiligen und alle sonstigen Geschäfte tätigen, die mit dem Gesellschaftszweck in Zusammenhang stehen oder diesen zu fördern geeignet sind.

                    24.11.2004  Betrieb von Detailhandelsunternehmen, insbesondere von Kaufhäusern mit Handelsartikeln aller Art unter den Enseignen "Manor", "Rheinbrücke", "Vilan", "Nordmann", "Placette" usw.. Ferner Erbringung von Dienstleistungen für angeschlossene und aussenstehende Betriebe, insbesondere Einkauf, Verkauf, Verwaltung, Lagerung, Konfektionierung und Logistik bezüglich Waren aller Art sowie Herstellung und Verarbeitung von Produkten und Artikeln, die in Warenhäusern vertrieben werden. Die Gesellschaft kann Grundstücke erwerben, verwalten und veräussern und gleiche oder ähnliche Unternehmen erwerben oder sich an solchen beteiligen.

24.11.2004    07.06.2011  Betrieb von Detailhandelsunternehmen, insbesondere von Kaufhäusern mit Handelsartikeln aller Art unter den Enseignen Manor, Placette und Möbelgeschäfte unter der Enseigne Fly usw.. Ferner Erbringung von Dienstleistungen für angeschlossene und aussenstehende Betriebe, insbesondere Einkauf, Verkauf, Verwaltung, Lagerung, Konfektionierung und Logistik bezüglich Waren aller Art sowie Herstellung und Verarbeitung von Produkten und Artikeln, die in Warenhäusern vertrieben werden. Die Gesellschaft kann Grundstücke erwerben, verwalten und veräussern und gleiche oder ähnliche Unternehmen erwerben oder sich an solchen beteiligen.

 

Entry            Deleted   Remarks (original Language)

active                           Publishing authority: SHAB.

active                           Reports: Mitteilungen an die Aktionäre: Eingeschriebene Briefe, sofern Adressen bekannt, sonst SHAB. 

active                           Merger: Die Gesellschaft übernimmt im Zusammenhang mit der Kapitalerhöhung vom 24.06.1994 Aktiven von CHF 6'739'764.06 und Passiven von CHF 2'291'664.-- der "Kaufhaus Nordmann AG", in Zug, gemäss Fusionsbilanz per 01.01.1994 nach Massgabe von Art. 748 OR. Für den Aktivenüberschuss von CHF 4'448'100.06 erhält die Aktionärin der übernommenen Gesellschaft 4'000 Inhaberaktien zu CHF 1'000.--. Die Gesellschaft übernimmt ferner Aktiven von CHF 103'505'039.21 und Passiven von CHF 93'974'149.34 der "Nordmann AG Solothurn", in Solothurn, gemäss Fusionsbilanz per 01.01.1994 nach Massgabe von Art. 748 OR. Für den Aktivenüberschuss von CHF 9'530'889.87 erhält die Aktionärin der übernommenen Gesellschaft 9'000 Inhaberaktien zu CHF 1'000.-- der übernehmenden Gesellschaft. Die Gesellschaft übernimmt weiter Aktiven von CHF 55'080'985.73 und Passiven von 44'244'806.36 der "Manorama AG", in Hochdorf, gemäss Fusionsbilanz per 01.01.1994 nach Massgabe von Art. 748 OR. Für den Aktivenüberschuss von CHF 10'836'179.37 erhält die Aktionärin der übernommenen Gesellschaft 10'000 Inhaberaktien zu CHF 1'000.-- der übernehmenden Gesellschaft. Die Gesellschaft übernimmt schliesslich Aktiven und Passiven der "Kaufhaus Vilan AG", in Baden, der "Kaufhaus Vilan AG, Wetzikon", in Wetzikon, der "Kaufhaus Vilan AG, Heerbrugg", in Au SG, der "Manor AG Schwyz", in Ibach, der "Grands Magasins La Placette La Chaux-de-Fonds SA", in La Chaux-de-Fonds, der "Kaufhaus Vilan AG, Schaffhausen", in Schaffhausen, der "Kaufhaus zur Rheinbrücke Liestal AG", in Liestal, und der "Grands Magasins La Placette Monthey SA", in Monthey, nach Massgabe von Art. 748. OR. Da die "Maus Frères SA", in Genf, als Muttergesellschaft der übernehmenden Gesellschaft Eigentümerin sämtlicher Aktien der vorgenannten, zu übernehmenden Gesellschaften ist, findet keine Kapitalerhöhung statt.

active                           Merger: NB. Nachtrag als Berichtigung zum Eintrag betreffend Fusionen. SHAB Nr. 5869 vom 05.12.1994)

07.06.2011                    Transfer of Assets: Die Gesellschaft überträgt gemäss Vertrag vom 24.05.2011 Aktiven von CHF 36'646'008.00 und Passiven (Fremdkapital) von CHF 27'646'008.00 auf die Fly (Schweiz) AG, in Egerkingen (CH-241.3.010.102-0). Gegenleistung: 2'000 Inhaberaktien zu CHF 1'000.00 der Fly (Schweiz) AG, in Egerkingen (CH-241.3.010.102-0).

28.09.2007                    Merger: Übernahme der Aktiven und Passiven der Grands Magasins Siwola SA, in Sion (CH-626.3.003.437-1), gemäss Fusionsvertrag vom 27.06.2007 und Bilanz per 01.01.2007. Aktiven von CHF 59'248'996.-- und Passiven (Fremdkapital) von CHF 24'267'475.-- gehen auf die übernehmende Gesellschaft über. Die Alleinaktionärin der übertragenden Gesellschaft erhält 7'000 Aktien zu CHF 1'000.--. Das Aktienkapital wird infolge Fusion um CHF 7'000'000.-- erhöht.

 

Entry            Deleted   Branches

27.01.2009                    40, route de Thonon, 1222 Vésenaz/GE, Switzerland/CH (Business place)

27.01.2009                    Zentralstrasse 40, 2502 Bienne/Biel/BE, Switzerland/CH (Business place)

27.01.2009                    Route de la Chenalette 177, 1163 Etoy/VD, Switzerland/CH (Business place)

                    removed    Ancienne Route Cantonale , 3976 Noës, VS, Switzerland/CH

 

 

Official Administration

 

Title                                           Name

    President                                Didier Maus, Origin: Genève, Switzerland, Residential address: Hermance, Switzerland, joint signature of two

Company Secretary                     Thierry Halff, Origin: Basel, Switzerland, Residential address: Gy, Switzerland, joint signature of two

Director                                      Olivier Maus, Origin: Genève, Switzerland, Residential address: Collonge-Bellerive , Switzerland, joint signature of two

Director                                      Pierre-André Maus, Origin: Genève, Rüttenen, Switzerland, Residential address: Wollerau, Switzerland, joint signature of two, Registered since: 22.10.2004

 

 

Management

 

Title                                           Name

General Director                          Bertrand Jungo, Origin: Düdingen, Fribourg, Switzerland, Residential address: Arlesheim/BL, Switzerland, joint signature of two, Registered since: 01.09.2005

Director                                      Pierre-Antoine Binard, Origin: France, Residential address: Basel, Switzerland, joint signature of two, Registered since: 27.08.2010

 

 

External Positions

 

Title                                           Name

Auditor                                       KPMG AG, Residential address: Zug, Switzerland

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Bertrand Jungo (bertrand.jungo@manor.ch)

 

 

Financial Data Manor Ltd

 

Consolidation:               unconsolidated

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:                                                 th. CHF             th. CHF            th. CHF             th. CHF            th. CHF

 

Operating revenue                                    2'870'000.0        2'987'000.0        2'985'000.0        2'986'000.0        2'893'000.0

Capital                                                        50'000.0            50'000.0            50'000.0            50'000.0            50'000.0

Sales per Employee                                         261.0                272.0                271.0                260.0                261.0

 

Employees  at year end                                  11'000               11'000              11'000               11'500              11'100

Employees inland                                           11'000               11'000              11'000               11'500              11'100

Employees abroad                                                 0                      0                      0                      0                      0

Offices                                                                 65                    69                    71                    72                    71

Offices inland                                                       65                    69                    71                    72                    71

Offices abroad                                                        0                      0                      0                      0                      0

 

 

Financial Data Manor Group

Consolidation:               consolidated (Segment)

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:                                                 th. CHF             th. CHF            th. CHF             th. CHF            th. CHF

 

Operating revenue                                    3'190'000.0        3'340'000.0        3'335'000.0        3'330'000.0        3'219'000.0

Capital                                                        46'500.0            46'500.0            46'500.0            46'500.0            46'500.0

Sales per Employee                                         290.0                304.0                278.0                266.0                267.0

 

Employees  at year end                                  11'000               11'000              12'000               12'500              12'077

Employees inland                                           11'000               11'000              12'000               12'500              12'077

Employees abroad                                                 0                      0                      0                      0                      0

Offices                                                               109                   114                  116                   114                  110

Offices inland                                                     109                   114                  116                   114                  110

Offices abroad                                                        0                      0                      0                      0                      0


 

Financial Data Maus Brothers Group

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

Remarks:                                                   about                about                about                about                about

 

Operating revenue                                          5'900.0              5'300.0             5'400.0              5'600.0             5'700.0

Capital                                                              20.0                  20.0                 20.0                  20.0                 20.0

 

Employees  at year end                                  20'000               22'000              22'300               22'700              23'000

Employees inland                                                                   15'000              15'200               15'300              15'500

Employees abroad                                                                   7'000                7'100                7'400                7'500

 

 

Ultimate Parent Company

 

Name:                          Maus frères SA

City/Country:                 Genève/GE, Switzerland/CH

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is domestic owned.

 

Class:                          100%

Name:                          Manor Holding SA

City/Country:                 Genève/GE, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Sisters

 

Name:                            ATHLETICUM SPORTMARKETS AG

City/Country:                   Hochdorf/LU, Switzerland/CH

 

 

Investments

 

Class:                          100%

Name:                          FLY (Division der Manor AG)

City/Country:                 Egerkingen/SO, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest (since 1998)

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

22.07.2011          2011                           1                         70.--      Paid legal actions

22.07.2011          2011                           2                         54'180.-- Opposition filed

22.07.2011          2010                           0

22.07.2011          2009                           1                         18'830.-- Opposition filed

22.07.2011          2008                           0

22.07.2011          2007                           1                                      Paid legal actions

22.07.2011          2007                           1                         60'000.-- Opposition filed

22.07.2011          2006                           1                       600'000.-- Opposition filed

 

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.

 

 

Credit Information

 

Financial Situation:        The financial situation is good.

 

Payment experiences:   Financial obligations are met as appropriate.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.87

UK Pound

1

Rs.101.10

Euro

1

Rs.84.65

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.