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Report No. : |
320533 |
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Report Date : |
07.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MANOR AG |
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|
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Registered Office : |
Rebgasse 34, 4058 Basel/BS, Switzerland/CH |
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Country : |
Switzerland
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1892 |
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|
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Com. Reg. No.: |
270.3.003.869-2 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject 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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 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 responded to 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 hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
MANOR AG
Rebgasse 34 Postal
address:
4058 Basel/BS Postfach
Switzerland/CH 4005
Basel/BS
Switzerland/CH
Telephone: 061
6861111
Fax: 061
6861192
Web
site: http://www.manor.ch
E-mail: info@manor.ch
WIN
Worldbox No.: CH0000073798
VAT-No.: CHE-116.267.650 MWST
UID-No.: CHE105901193
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.
There are distribution centers in the following locations:
1030 Bussigny, rue de l'Industrie 68
6280 Hochdorf, Huwilerstrasse 8
4313 Möhlin, Industriestrasse 7
4613 Rickenbach (SO), Uelismattstrasse 3 (Food)
Real
Estate: The company owns
extensive property.
Company
No: 270.3.003.869-2
UID-No.: CHE105901193
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 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
Citizen:
Genève, Switzerland
Residential
address: Hermance, Switzerland
joint
signature of two
Company
Secretary Thierry
Halff
Citizen:
Basel, Switzerland
Residential
address: Gy, Switzerland
joint
signature of two
Director Olivier
Maus
Citizen:
Genève, Switzerland
Residential
address: Collonge-Bellerive , Switzerland
joint
signature of two
Director Pierre-André
Maus
Citizen:
Genève, Rüttenen, Switzerland
Residential
address: Wollerau, Switzerland
joint
signature of two
Registered
since: 22.10.2004
Title Name
General
Director Bertrand
Jungo
Citizen:
Düdingen, Fribourg, Switzerland
Residential
address: Arlesheim/BL, Switzerland
joint
signature of two
Registered
since: 01.09.2005
Director Alexander
Beck
Citizen:
Baar, Switzerland
Residential
address: Walchwil, Switzerland
joint
signature of two
Registered
since: 11.01.2013
Director Pierre-Antoine
Binard
Citizen:
France
Residential
address: Basel, Switzerland
joint
signature of two
Registered
since: 27.08.2010
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)
Name: Maus Frères SA
City/Country: Genève/GE, Switzerland/CH
Consolidation: unconsolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
Number of months: 12 12 12 12 12
Currency: th.
CHF th. CHF th. CHF th. CHF th.
CHF
Operating revenue 2,610,000.0 2,800,000.0 2,870,000.0 2,987,000.0 2,985,000.0
Capital 50,000.0 50,000.0 50,000.0 50,000.0 50,000.0
Sales per Employee 246.0 264.0 261.0 272.0 271.0
Employees at year end 9,900 9,900 10,300 10,300 10,300
Employees inland 9,900 9,900 10,300 10,300 10,300
Employees abroad 0 0 0 0 0
Offices 64 64 65 69 71
Offices inland 64 64 65 69 71
Offices abroad 0 0 0 0 0
Financial Data Manor Group
Consolidation: consolidated (Segment)
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
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 3,000,000.0 3,190,000.0 3,340,000.0 3,335,000.0
Capital 46,500.0 46,500.0 46,500.0 46,500.0 46,500.0
Sales per Employee 264.0 283.0 290.0 304.0 278.0
Employees at year end 10,600 10,600 11,000 11,000 12,000
Employees inland 10,600 10,600 11,000 11,000 12,000
Employees abroad 0 0 0 0 0
Offices 88 89 109 114 116
Offices inland 88 89 109 114 116
Offices abroad 0 0 0 0 0
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009
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 7,000.0 6,500.0 5,900.0 5,300.0 5,400.0
Capital 20.0 20.0 20.0 20.0 20.0
Employees at year end 23,000 20,000 20,000 22,000 22,300
Employees inland 15,000 15,200
Employees abroad 7,000 7,100
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: ATHLETICUM
SPORTMARKETS AG
City/Country: Hochdorf/LU, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 50-100%
Name: ARS Software GmbH
City/Country: Graz, Austria/AT
Interest: 61,00% voting right,
61,00% capital interest (since 19.05.1999)
Control date Year No. Amount CHF Status
05.03.2015 2015 1 250.-- Opposition filed
31.12.2014 2014 1 1,000,000.-- Opposition filed
31.12.2013 2013 2 6,555.-- Opposition filed
31.12.2012 2012 2 800,080.-- Open legal actions
31.12.2012 2012 1 80.-- Paid legal actions
31.12.2012 2012 1 461,700.-- Opposition filed
31.12.2011 2011 1 70.-- Paid legal actions
31.12.2011 2011 5 108,430.-- Opposition filed
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 2 48,830.-- Opposition filed
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 1 30.-- Paid legal actions
31.12.2007 2007 1 60,000.-- Opposition filed
31.12.2006 2006 1 96.-- Legal actions
31.12.2005 2005 2 658,180.-- Opposition filed
31.12.2004 2004 1 2,250.-- Paid legal actions
31.12.2003 2003 1 1,963.-- Closed legal actions
31.12.2003 2003 1 269.-- Paid legal actions
31.12.2003 2003 1 105,240.-- Opposition filed
Official bankruptcy reports:
No bankruptcy publications available on the
subject.
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.
The company is not listed in the World
Compliance database.
Debt collection case:
APR 2015: CHF 1'512.00.
DEC 2013: CHF 35.00, booked up.
NOV 2012: CHF 223.00, paid.
Note: The VAT number - CHE-116.267.650 MWST
- is the Group VAT number.
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 as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.64 |
|
|
1 |
Rs.96.81 |
|
Euro |
1 |
Rs.71.51 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.