MIRA INFORM REPORT

 

 

Report Date :

09.11.2013

 

IDENTIFICATION DETAILS

 

Name :

BATA SCHUH AG

 

 

Registered Office :

Salinenstrasse 61 Triago, 4. Stock 4133 Pratteln/BL

 

 

Country :

Switzerland

 

 

Date of Incorporation :

11.12.1929

 

 

Com. Reg. No.:

400.3.905.022-8 / 14637

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

·         Retail sale of footwear and leather goods in specialised stores

·         Wholesale of clothing and footwear

 

 

No. of Employees :

350

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 – March, 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 3.0% 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 safe-haven 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 1.9% in 2011 and 0.8% in 2012. 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 is considering 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

 

Bata Schuh AG

 

 

Operating address

 

Salinenstrasse 61

Triago, 4. Stock

4133 Pratteln/BL

Switzerland/CH

Telephone:                      061 8552222

Fax:                               061 8552210

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

E-mail:                            info@bata.ch

WIN Worldbox No.:         CH0000217012

VAT-No.:                        CHE105777349

 

 

Profile

 

Established:                   1929

Line of Business:            Retail stores, Consumer goods wholesale

Industry Division:            Retail trade, Wholesale trade

Industry-code (NACE):     4772       Retail sale of footwear and leather goods in specialised stores

                                    4642       Wholesale of clothing and footwear

Import/Export:                Export

Banks:                            unknown

 

 

Operational Figures

 

Coverage:                       Company

Employees:                    350

Sales:                             CHF 100-200 Mio

Branches:                       51

 

 

Activity

 

The business activities are the retail and wholesale sale of shoes of all types, particularly under the trade name "Bata". The company has 51 stores in Switzerland. In addition to their own trade products they also sell shoes for the trade names Gabor, Rieker, FretzMen, Kappa, Adidas, Nike, Puma, Levis, Vans, Barbie und GEOX.

 

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                 400.3.905.022-8 / 14637

Legal form:                     Company limited by shares

Registration:                   11.12.1929

Legal status:                   active

Responsible Register:     Handelsregister des Kantons Basel-Landschaft (since 03.01.2007)

History:                          Date of Incorporation Statutes: 11.12.1929

                                    Date of Statutes: 30.11.2006

 

Entry          Deleted      Name

active                           Bata Schuh AG

active                           Chaussures Bata SA (Name translated)

 

Entry          Deleted      Legal domicile

03.01.2007                    Pratteln, Switzerland

03.01.2007                    Möhlin, Switzerland

 

Entry          Deleted      Address

03.01.2007                    Salinenstrasse 61, 4133 Pratteln/BL, Switzerland/CH

 

Entry          Deleted      Capital

active                           Share Capital CHF 6,000,000, paidup CHF 6,000,000

 

Entry          Deleted      Capital Structure

active                           6,000 Registered shares of CHF 1,000.--

 

Entry          Deleted      Activity (original Language)

active                           Handel (Detail und Engros) mit Schuhen, Schuhbestandteilen, Bekleidung und Zubehören aller Art; die Gesellschaft kann Schuhreparaturwerkstätten und Abteilungen für Fusspflege und Orthopädie betreiben, sich an anderen Unternehmungen beteiligen, Grundeigentum erwerben, belasten, verwalten und veräussern sowie mit Wertschriften handeln.

 

Entry          Deleted      Remarks (original Language)

active                           Publishing authority: SHAB.

active                           Reports: Die Mitteilungen der Gesellschaft an die Aktionäre erfolgen durch eingeschriebenen Brief.

 

 

Official Administration

 

Title                                           Name

President                                    Bengt Gunnarsson, Origin: Sweden, Residential address: Bonnieux, France, joint signature of two

Director                                      Pierre Kunz, Origin: Dürnten, Switzerland, Residential address: 1287 Laconnex/GE, Switzerland, joint signature of two

Director                                      Richard McCabe, Origin: United Kingdom, Residential address: 1807 Blonay/VD, Switzerland, joint signature of two, Registered since: 18.12.2009

 

 

Management

 

Title                                           Name

Director                                      Alain Groelly, Origin: Lutry, Switzerland, Residential address: Saint-Gingolph, Switzerland, joint signature of two, Registered since: 24.02.2012

Member with procuration             Bianca Carlucci, Origin: Germany, Residential address: Wehr/Baden, Germany, joint power of attorney of two, Registered since: 03.06.2013

Member with procuration             Jean Gregoire (Gregoire) Coquoz, Origin: Salvan, Switzerland, Residential address: La Tour-de-Peilz, Switzerland, joint power of attorney of two, Registered since: 03.06.2013

 

 

External Positions

 

Title                                             Name

Auditor                                         Ernst & Young AG, Residential address: Basel, Switzerland

 

 

Executive board

 

Title                                             Name

Chief Executive Officer                  Alain Groelly

 

 

Ultimate Parent Company

 

Name:                            Bata Limited

City/Country:                   Toronto/Ontario, Canada/CA

 

 

Owner/-s

 

No. of Owner/-s:             1

Owner:                            The company is foreign owned.

 

Class:                             100%

Type:                              indirect, Group-Level 1

Name:                            Bata Limited

City/Country:                   Toronto/Ontario, Canada/CA

Interest:                          100,00% voting right, 100,00% capital interest

 

Class:                             100%

Type:                              direct

Name:                            International Footwear Investment BV

City/Country:                   Amsterdam, Netherlands/NL

Interest:                          100,00% voting right, 100,00% capital interest

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

09.04.2013          2013                           0

09.04.2013          2012                           0

09.04.2013          2011                           0

09.04.2013          2010                           0

04.03.2009          2009                           1                       284.--      Paid legal actions

04.03.2009          2009                           1                       915.--      Opposition filed

04.03.2009          2008                           0

04.03.2009          2007                           0

04.03.2009          2006                           0

04.03.2009          2005                           0

04.03.2009          2004                           1                         30.--      Paid legal actions

24.04.2008          2003                           1                       160.--      Legal actions

24.04.2008          2002                           0

24.04.2008          2001                           0

24.04.2008          2000                           0

24.04.2008          1999                           1                     2,709.--      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.

 

 

Remarks

 

Debt collection case:

MAY 2009: CHF 299.--, paid.

FEB 2009: CHF 317.--

 

 

Credit Information

 

Financial Statements:    The company does not disclose any financial statements. Third parties are not permitted any insight into the financial affairs. It is therefore difficult to make a proper assessment of the actual situation.

 

Financial Situation:        The financial situation is considered to be very good.

 

Payment experiences:   Payment habits are considered good.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.73

UK Pound

1

Rs.100.92

Euro

1

Rs.84.06

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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%)

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.