Company Profile
Zakład Odzieżowy "MODAR" sp. z o.o. seated in Staszów - privatised company
Description of activity
Clothing manufacturer "Modar" has been operating in the Polish market for over 50 years. Established in 1958, the company specialises in the manufacture of women’s clothing, particularly garments made of fabrics provided by suppliers from high and middle market segments. The range of products includes: coats, jackets, ladies jackets, skirts, trousers and blouses. The company is also a manufacturer of maternity clothing, including coats and jackets, as well as clothing for children. Over the years of its business activity "Modar" has collaborated with numerous well known and highly recognized Polish and international brands such as MONARI, RIANI, WILLE, HEYMAN, INDIS, BURBERRY, DAX, GIVENCHI, VERSACE, ARMANII, DIOR. The main clients of "Modar "are foreign entities represented by their agents. The company sells its products mainly to Germany, Italy, France and England. Up to 90% of production is exported to foreign markets. The company is recognised for its high-quality products, awareness of customer requirements, timely delivery and experienced, highly-qualified staff ready to fulfil non-standard orders. In addition, "Modar" runs a factory outlet and owns a large warehouse area part of which is offered for let. Due to high-quality products and strong market position consolidated during long years of its business activity "Modar" is one of a few companies in the region to survive in the times of economic crisis.
Contact information
Province : świętokrzyskie
Zakład Odzieżowy „Modar” sp. z o.o.
ul. Krakowska 50
28 - 200 Staszów
ph.: (+48 15) 864 22 32
fax: (+48 15) 864 29 39
www.zo-modar.com
Ministry of Treasury
ul. Krucza 36 / Wspólna 6
00-522 Warszawa
Department of Privatisation
ph.: (+48 22) 695 87 22, 695 87 05
fax: (+48 22) 695 88 18
Investor Relations Centre
ph.: (+48 22) 695 90 01
ph.: (+48 22) 695 90 02
fax: (+48 22) 629 98 38
inwestor@msp.gov.pl
www.msp.gov.pl
Branch
Textile
Performance in thousand PLN
|
|
2008
|
2009
|
2010 |
|
Sales revenue
|
4 112.7
|
4 278.2
|
3 926.7 |
|
EBITDA
|
-692.4
|
-110.7
|
-151.3 |
|
Net result
|
-712.9
|
-107.6
|
-314.2 |
Planned privatisation
On 26 October 2011 Ministry of Treasury and HAKO Sp. z o.o. signed an agreement regarding the sale of 5.385 company shares constituting 93.49% of the initial capital. The transaction was executed in the mode of negotiations based on public invitation.
History of privatisation process:
Initialling an agreement: 21 October 2011
Negotiations: 28 July 2011
Binding offers: 21 July 2011
Due diligence: 1 July 2011
Invitation to negotiations: 13 May 2011
Cancellation of auction: 4 May 2011
Invitation to auction. More information
Employment
137 employees
Initial capital
PLN 2 880 000.00
President of the Management Board
Maria Budzińska
Privatisation advisor
Przedsiębiorstwo Doradztwa i Wdrożeń "ARCANUM" Sp. z o.o. with registered office in Wrocław
Modification date : 27.10.2011


