MIRA INFORM REPORT

 

 

Report Date :

18.02.2012

 

IDENTIFICATION DETAILS

 

Name :

TAMMER-TUKKU OY

 

 

Registered Office :

Viinikankatu 36 Tampere, 33800

 

 

Country :

Finland

 

 

Financials (as on) :

01.12.2010

 

 

Date of Incorporation :

1954

 

 

Com. Reg. No.:

01536341

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Retailing New Floor Coverings, such as Rugs and Carpets, Vinyl Floor Coverings, and Floor Tile

 

 

No. of Employees :

167

 

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 :

Good

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, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Finland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Tammer-Tukku Oy

 

Viinikankatu 36 Tampere, 33800 Finland

Mailing Address : PO Box 107, FIN 33101, Tampere, Finland

Tel: 358 (3) 252 1111

Fax: 358 (3) 252 1390

www.tammertukku.fi

 

 

Employees:

167

Company Type:

Private Independent

 

 

Incorporation Date:

1954

 

 

 

 

 

Financials in :

As Reporte (nil)

Fiscal Year End:

01-Dec-2010

Reporting Currency:

Euro

Annual Sales:

66.0

Net Income:

2.3

Total Assets:

35.2

 

 

 

 

 

 

 

 

 

 

Business Description

 

Tammer-Tukku Oy is primarily engaged in retailing new floor coverings, such as rugs and carpets, vinyl floor coverings, and floor tile (except ceramic or wood only); or retailing new floor coverings in combination with installation and repair services.

 

 

Industry

 

Industry

Recreational Products

ANZSIC 2006:

3734 - Toy and Sporting Goods Wholesaling

NACE 2002:

5147 - Wholesale of other household goods

NAICS 2002:

423910 - Sporting and Recreational Goods and Supplies Merchant Wholesalers

UK SIC 2003:

51479 - Wholesale of other household goods not elsewhere classified

US SIC 1987:

5091 - Sporting and Recreational Goods and Supplies

 

 

Key Executives

 

Name

Title

Reijo Mäenpää

President

Timo Sirén

Marketing / Communication Executive

Markku Tapani Pelkonen

Chairman

Crispin Henry Mäenpää

Board member

Tara Ann Mäenpää

Board member

 

 

Registered No.(FIN)

 

01536341

 

 

Corporate Overview

 

Tammer-Tukku Oy

 

Location
Viinikankatu 36 Tampere, 33800
Finland

 

Tel:

358 (3) 252 1111

Fax:

358 (3) 252 1390

 

www.tammertukku.fi

Sales EUR(mil):

66.0

Assets EUR(mil):

35.2

Employees:

167

Fiscal Year End:

01-Dec-2010

 

Industry:

Recreational Products

Incorporation Date:

1954

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(FIN):

01536341

 

President:

Reijo Mäenpää

 

 

Industry Codes

 

ANZSIC 2006 Codes:

3734 -   Toy and Sporting Goods Wholesaling

3739 -   Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5147 -   Wholesale of other household goods

 

NAICS 2002 Codes:

423910  -   Sporting and Recreational Goods and Supplies Merchant Wholesalers

423990  -   Other Miscellaneous Durable Goods Merchant Wholesalers

423920  -   Toy and Hobby Goods and Supplies Merchant Wholesalers

 

US SIC 1987:

5091 -   Sporting and Recreational Goods and Supplies

5099 -   Durable Goods, Not Elsewhere Classified

5092 -   Toys and Hobby Goods and Supplies

 

UK SIC 2003:

5147   -   Wholesale of other household goods

51477 -   Wholesale of toys and games

51479 -   Wholesale of other household goods not elsewhere classified

 

Business Description

 

Sale of garden furniture, giftware, toys and games

 

 

More Business Descriptions

 

Tammer-Tukku Oy is primarily engaged in wholesale of furniture; wholesale of jewellery; wholesale of musical instruments; wholesale of photographic goods; wholesale of toys and games; wholesale of travel and fancy goods; and wholesale of other household goods not elsewhere classified.

Tammer-Tukku Oy is primarily engaged in retailing new floor coverings, such as rugs and carpets, vinyl floor coverings, and floor tile (except ceramic or wood only); or retailing new floor coverings in combination with installation and repair services.

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

66.0

Net Income:

2.3

Assets:

35.2

Current Assets:

27.5

 

Issued Capital:

1.0

 

Net Worth:

20.1

 

 

 

Date of Financial Data:

01-Dec-2010

 

1 Year Growth

NA

NA

NA

 

 

Subsidiaries

 

Company

Percentage Owned

Country

Kiinteistö Oy Nekalan Yrittäjätalo

 

Finland

Kiinteistö Oy Nekalan Rakentajatalo

 

Finland

Kiinteistö Oy Mäntyhaantie 6

 

Finland

 

 

Key Corporate Relationships

 

Bank:

Nordea

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

Reijo Mäenpää

 

President

Chairman

Markku Tapani Pelkonen

 

Chairman

Chairman

Crispin Henry Mäenpää

 

Board member

Director/Board Member

Tara Ann Mäenpää

 

Board member

Director/Board Member

Heikki Tapani Niemelä

 

Board member

Director/Board Member

Markku Ylermi Uotinen

 

Board member

Director/Board Member

 

Executives

 

Name

Title

Function

Reijo Mäenpää

 

President

President

Timo Sirén

 

Marketing / Communication Executive

Marketing Executive

 

 

Annual Profit & Loss

 

 

 

01-Dec-2010

01-Dec-2009

Period Length

12 Months

12 Months

Filed Currency

EUR

EUR

Exchange Rate (Period Average)

1

1

Consolidated

No

No

 

 

 

Total income

66.0

58.0

Cost of goods sold

53.2

39.4

Other operating costs

8.6

8.7

Total operating costs

66.9

53.4

Interest received from loans

0.6

0.1

Profit before tax

3.2

2.6

Total taxation

0.8

0.7

Income before depreciation

3.2

3.3

Depreciation

0.4

0.4

Profit before financial items

2.9

2.9

Other financial expenses

0.2

0.4

Income/profit after financial items

3.2

2.6

Income before allocations

3.1

2.6

Net income

2.3

1.9

 

 

Annual Balance Sheet

 

Financials in: EUR (mil)

 

 

 

01-Dec-2010

01-Dec-2009

Filed Currency

EUR

EUR

Exchange Rate

1

1

Consolidated

No

No

 

 

 

Issued capital

1.0

1.0

Untaxed/reserves allocations

0.4

0.4

Non restricted equity

19.1

18.4

Total stockholders equity

20.1

19.4

Other long-term liabilities

5.5

5.9

Trade creditors

3.0

2.2

Other current liabilities

6.0

3.9

Total current liabilities

14.6

12.0

Land and buildings

1.4

1.5

Machinery and tools

0.6

0.3

Depreciable assets

2.6

2.5

Total non-current assets

7.7

6.8

Stocks

15.3

13.2

Trade debtors

10.2

9.6

Cash and liquid assets

0.5

0.5

Short-term investments

2.8

2.8

Shares in associated companies

2.8

2.8

Other current assets

1.5

1.8

Total current assets

27.5

25.0

Total assets

35.2

31.8

 

 

Annual Ratios

 

Financials in: EUR (mil)

 

 

 

01-Dec-2010

01-Dec-2009

Period Length

12 Months

12 Months

Filed Currency

EUR

EUR

Exchange Rate

1

1

Consolidated

No

No

 

 

 

Current ratio

3.30

4.40

Quick ratio

1.40

1.90

Asset turnover

0.02%

0.02%

Profit margin

0.05%

0.04%

Equity ratio

0.58%

0.62%

Interest on liabilities

0.02%

-

Risk margin

205.57%

197.78%

Net worth

20.1

19.4

Number of employees

143

150

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.21

UK Pound

1

Rs.77.75

Euro

1

Rs.64.58

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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