MIRA INFORM REPORT

Report Date :

26.12.2014

IDENTIFICATION DETAILS

Name :	BATA SCHUH AG

Registered Office :	Hutgasse 2, Triago, 4. Stock, 4001 Basel/BS, Switzerland/CH

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 specialized stores · Wholesale of clothing and footwear

No. of Employee :	300

RATING & COMMENTS

MIRA’s Rating :

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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Switzerland

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 began to recover in 2010. 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 below 2% per year during 2011-13. 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

Hutgasse 2

Triago, 4. Stock

4001 Basel/BS

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 specialized stores

4642 Wholesale of clothing and footwear

Import/Export: Import, Export

Banks: unknown

Operational Figures

Coverage: Company

Figures: estimated

Financial year: 2014

Employees: 300

Sales: CHF 100,000,000.--

Branches: 47

Activity

The business activities are the retail and wholesale sale of shoes of all types, particularly under the trade name "Bata". The company has 47 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

Real Estate: It is understood that the company owns certain property.

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-Stadt (since 03.01.2007)

History: Date of Statutes: 04.02.2014

Date of Statutes: 30.11.2006

Date of Incorporation Statutes: 11.12.1929

Entry Deleted Name

active Bata Schuh AG

active Chaussures Bata SA (Name translated)

Entry Deleted Legal domicile

07.03.2014 Basel, Switzerland

07.03.2014 Pratteln, Switzerland

Entry Deleted Address

07.03.2014 Hutgasse 2, 4001 Basel/BS, Switzerland/CH

07.03.2014 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.--

Official Administration

Title Name

President Henri Carel van't Hoff

Citizen: Netherlands

Residential address: Hilversum, Netherlands

joint signature of two

Director Richard McCabe

Citizen: United Kingdom

Residential address: 1807 Blonay/VD, Switzerland

joint signature of two

Management

Title Name

Member with procuration Jean Gregoire (Gregoire) Coquoz

Citizen: Salvan, Switzerland

Residential address: La Tour-de-Peilz, Switzerland

joint power of attorney of two

Member with procuration Caterina Gagliano

Citizen: Italy

Residential address: Grellingen, Switzerland

joint power of attorney of two

Registered since: 15.05.2014

Member with procuration Nathalie Kindou

Citizen: France

Residential address: Bartenheim, France

joint power of attorney of two

Registered since: 15.05.2014

Member with procuration Timon Kurt

Citizen: Basel, Switzerland

Residential address: Dornach, Switzerland

joint power of attorney of two

External Positions

Title Name

Auditor Ernst & Young AG

Residential address: Basel, Switzerland

Id: CHE-105.932.265

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

12.05.2014 2014 0

31.12.2013 2013 0

31.12.2012 2012 0

31.12.2011 2011 0

31.12.2010 2010 0

31.12.2009 2009 1 284.-- Paid legal actions

31.12.2009 2009 1 915.-- Opposition filed

31.12.2008 2008 0

31.12.2007 2007 0

31.12.2006 2006 0

31.12.2005 2005 0

31.12.2004 2004 1 30.-- Paid legal actions

31.12.2003 2003 1 160.-- Legal actions

31.12.2002 2002 0

31.12.2001 2001 0

31.12.2000 2000 0

31.12.1999 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 good.

Payment experiences: Payment habits are considered good.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.46
UK Pound	1	Rs.98.51
Euro	1	Rs.77.31

INFORMATION DETAILS

Analysis Done by :	RAS

Report Prepared by :	TPT

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%)

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