Company Profile

The information below does not constitute any invitation or offer to sell, invest in or trade, nor does it constitute any invitation to place any offer to purchase, invest in or trade the securities. The information presented herein is up to date as on the date of publication. For more information, please contact Investor Relations Centre, tel: (+48 22) 695 90 01-02, e-mail: investor@msp.gov.pl.

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

foto

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

Drukuj
Poleć stronę
Wstecz
Publication date : 11.06.2010
Modification date : 27.10.2011
Katarzyna Szulc