|
Report Date : |
03.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MANOR AG |
|
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Registered Office : |
Rebgasse 34, 4058 Basel/BS |
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|
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Country : |
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|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
Year of Establishments: |
1892 |
|
|
|
|
Com. Reg. No.: |
270.3.003.869-2 / 112403 |
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Legal Form : |
Company limited by shares |
|
|
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Line of Business : |
Engaged in operation of department stores with emphasis on clothing
and consumer goods. |
|
|
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No. of Employees : |
10,000-19,999 |
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 |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Exists |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
Manor AG
Rebgasse 34
4058 Basel/BS
Switzerland/CH
Telephone: 061 6861111
Fax: 061 6861192
Web site: http://www.manor.ch
E-mail: info@manor.ch
VAT-No.: CHE105901193
Distribution center
Verteilzentrale Hochdorg Hov Postfaach
8901 Urdorf, Switzerland
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
Coverage: Company
Employees: 10,000-19,999
Sales: CHF 2-4 Bil
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.
Information on property ownership was not available.
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
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
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 Alexander
Beck, Origin: Baar, Switzerland, Residential address: Walchwil, Switzerland,
joint signature of two, Registered since: 11.01.2013
Director Pierre-Antoine
Binard, Origin: France, Residential address: Basel, Switzerland, joint
signature of two, Registered since: 27.08.2010
Director Dr. Adrian
Kiehn, Origin: Germany, Residential address: Düsseldorf , Germany, joint
signature of two, Registered since: 14.11.2013
Title Name
Auditor KPMG AG,
Residential address: Zug, Switzerland, Id: CH-170.9.000.370-3
Title Name
Chief
Executive Officer Bertrand
Jungo (bertrand.jungo@manor.ch)
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 2,800,000.0 2,870,000.0 2,987,000.0 2,985,000.0 2,986,000.0
Capital 50,000.0 50,000.0 50,000.0 50,000.0 50,000.0
Sales per Employee 264.0 261.0 272.0 271.0 260.0
Employees at year end 10,600 11,000 11,000 11,000 11,500
Employees inland 10,600 11,000 11,000 11,000 11,500
Employees abroad 0 0 0 0 0
Offices 64 65 69 71 72
Offices inland 64 65 69 71 72
Offices abroad 0 0 0 0 0
Financial Data
Manor Group
Consolidation: consolidated (Segment)
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 3,000,000.0 3,190,000.0 3,340,000.0 3,335,000.0 3,330,000.0
Capital 46,500.0 46,500.0 46,500.0 46,500.0 46,500.0
Sales per Employee 283.0 290.0 304.0 278.0 266.0
Employees at year end 10,600 11,000 11,000 12,000 12,500
Employees inland 10,600 11,000 11,000 12,000 12,500
Employees abroad 0 0 0 0 0
Offices 108 109 114 116 114
Offices inland 108 109 114 116 114
Offices abroad 0 0 0 0 0
Financial Data
Maus Brothers Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2012 31.12.2011 31.12.2010 31.12.2009 31.12.2008
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 5,300.0 5,900.0 5,300.0 5,400.0 5,600.0
Capital 20.0 20.0 20.0 20.0 20.0
Employees at year end 20,000 20,000 22,000 22,300 22,700
Employees inland 15,000 15,200 15,300
Employees abroad 7,000 7,100 7,400
Name: Maus frères SA
City/Country: Genève/GE, Switzerland/CH
No.
of Owner/-s: 1
Owner: The company is domestic
owned.
Class: 100%
Type: indirect,
Group-Level 1
Name: Maus frères SA
City/Country: Genève/GE, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 100%
Type: direct, Group-Level
2
Name: Manor Holding SA
City/Country: Genève/GE, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Name: ATHLETICUM
SPORTMARKETS AG
City/Country: Hochdorf/LU, Switzerland/CH
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)
Control date Year No. Amount CHF Status
12.07.2013 2013 1 4,355.-- Legal actions
12.07.2013 2012 1 461,700.-- Legal actions
12.07.2013 2012 2 800,080.-- Open legal actions
12.07.2013 2012 1 80.-- Paid legal actions
12.07.2013 2012 1 461,700.-- Opposition filed
12.07.2013 2011 2 54,180.-- Legal actions
12.07.2013 2011 1 70.-- Paid legal actions
12.07.2013 2011 2 54,180.-- Opposition filed
12.07.2013 2010 0
12.07.2013 2009 2 48,830.-- Legal actions
12.07.2013 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.
Remarks
November 2012:
The Maus Frères Group, which includes among others the chain store
Manor, buys the fashion company Lacoste. The purchase price amounts to one
billion euros.
Financial
Situation: The financial situation
is good.
Payment
experiences: Financial obligations are
met in an orderly manner.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.90 |
|
UK Pound |
1 |
Rs.102.74 |
|
Euro |
1 |
Rs.85.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.