MIRA INFORM REPORT

Report Date :

21.02.2012

IDENTIFICATION DETAILS

Name :	ANTTILA OY
Formerly Known As :	TUKOANTTILA OY
Registered Office :	Satamakatu 3 /Kesko Oyj, 00016, Kesko
Country :	Finland
Financials (as on) :	31.12.2010
Date of Incorporation :	31.12.1984
Legal Form :	Limited company
Line of Business :	Retail sale in self-service department stores
No. of Employees :	Not Available

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

Maximum Credit Limit :	50.000(€)
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

REGISTERED NAME & COMPANY SUMMARY

Trading Name	Anttila Oy	Trade Registry Number	345074
Company Name	Anttila Oy	Business ID	05766873
Previous Name	Tukoanttila Oy
Telephone Number	0105343	Registered Address	SATAMAKATU 3 /KESKO OYJ, 00016, KESKO
Fax Number	0105340199	Visiting Address	Valimotie 17, 00380, HELSINKI
Home Municipality	Helsinki	Postal Address	PL 1060, 00016, KESKO
Incorporation Date	31.12.1984	Branches	43
Company Type	Limited company	Website Address
Primary Sic Code	47191	Accountant	PricewaterhouseCoopers Oy
Primary Sic Description	Retail sale in self-service department stores (over 2,500 m¦)	Last Accounts Date	31.12.2010
Share Capital (€)	17.091.967	Holding Company
Deals in importing	No	Foreign Ownership	No
Deals in exporting	No	Currency	EUR

CREDIT RECOMMENDATION

Current Credit Limit: 50.000(€)

DIRECTORS/MANAGEMENT

Current Directors

Name	Erlund Jukka Henrik
Date of Birth	31.08.1974	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Actual Member of Board

Name	Laitasalo Riitta Helena
Date of Birth	06.08.1955	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Actual Member of Board

Name	Kurunsaari Minna Annukka
Date of Birth	15.07.1965	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Chairman of Board

Name	Akseli Ari Olavi
Date of Birth	28.06.1972	Appointment Date	30.09.2010
Nationality	FINLAND	Function	Managing director

Name	Hertsberg Jaana Maria
Date of Birth	02.02.1960	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Actual Member of Board

NEGATIVE INFORMATION

Na

SHARE & SHARE CAPITAL INFORMATION

Shareholder Information

Year		31.12.2010
Total Value of Shares		17.091.967
Number of Shares		20.324.844
Value of Shares		0.84
	Share Capital (€)	17.091.967

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Holding Company	KESKO OYJ	Companies in Group	134
Ultimate Holding Company	KESKO OYJ	Ownership Status	Ultimately Owned

Subsidiaries

Company Name	Country	Trade Registry Number	Business ID	Latest Key Financials	Ownership
SIA ANTTI	LATVIA	-	-	-	100%
ANTTILA AS	ESTONIA	-	-	-	100%

Group Structure

Company Name	Country	Trade Registry Number	Business ID	Latest Key Financials	Ownership
POLO LS SIA	LATVIA	-	-	-	100%
MEZCIEMS REAL ESTATE SIA	LATVIA	-	-	-	100%
KA JELGAVA SIA	LATVIA	-	-	-	100%
AP REAL ESTATE SIA	LATVIA	-	-	-	100%
SIA ANTTI	LATVIA	-	-	-	100%
KESKO REAL ESTATE LATVIA SIA	LATVIA	-	-	-	100%
SIA SENUKU TIRDZNIECIBAS CENTRAS	LATVIA	-	-	-	100%
SIA K RAUTA	LATVIA	-	-	-	100%
SIA K PROF	LATVIA	-	-	-	100%
SIA DAUGAVKRASTS M	LATVIA	-	-	-	100%
A/S RAUTAKESKO	LATVIA	770021	-	-	100%
INDOOR GROUP SIA LATVIA	LATVIA	-	-	-	100%
SIA KESKO AGRO LATVIA	LATVIA	-	-	-	100%
AGRI TRADE LATVIJA SIA	LATVIA	-	-	-	100%
TP REAL ESTATE SIA	LATVIA	-	-	-	100%
UAB SENUKU PREKYBOS CENTRAS	LITHUANIA	-	-	-	50%
UAB SENUKAI	LITHUANIA	-	-	-	99%
UAB KESKO AGRO LIETTUA	LITHUANIA	-	-	-	100%
SPC HOLDING UAB	LITHUANIA	-	-	-	100%
UAB INDOOR GROUP	LITHUANIA	-	-	-	100%
RAKE BERGEN AS	NORWAY	-	-	-	100%
NORGROS HANDEL AS	NORWAY	-	-	-	100%
BYGGMAKKER DISTRUBUTION AS	NORWAY	-	-	-	100%
KNUTO AS	NORWAY	-	-	-	100%
BRULAND BYGG AS	NORWAY	-	-	-	66%
BYGGMAKKER NORGE AS	NORWAY	-	-	-	100%
VERDAL EIENDOM AS	NORWAY	-	-	-	100%
TRÖGSTADVEIEN 13 AS	NORWAY	-	-	-	100%
RAKE EIENDOM AS	NORWAY	-	-	-	100%
KR FASTIGHETER I UMEÅ AB	SWEDEN	-	-	-	100%
K-RAUTA FASTIGHETER I MALMÖ AB	SWEDEN	-	-	-	100%
KR FASTIGHETER I SUNDSVALL AB	SWEDEN	-	-	-	100%
K-RAUTA AB	SWEDEN	-	-	-	100%
ASKO MÖBLER AB	SWEDEN	-	-	-	100%
KR FASTIGHETER I UPPLAND AB	SWEDEN	-	-	-	100%
KR FASTIGHETER SERVICEKONTOR AB	SWEDEN	-	-	-	100%
KR FASTIGHETER I HALMSTAD AB	SWEDEN	-	-	-	100%
KR FASTIGHETER I TÄBY AB	SWEDEN	-	-	-	100%
KR FASTIGHETER I ESKILSTUNA AB	SWEDEN	-	-	-	100%
KR FASTIGHETER I JÄRFALLA AB	SWEDEN	-	-	-	100%
KR FASTIGHETER AB	SWEDEN	-	-	-	100%
SINCERA OY	FINLAND	722276	11093804	31.12.2005	100%
KIINTEISTÖ OY KEMIN ASEMAKATU 4	FINLAND	710277	11042740	31.12.2007	67%
KIINTEISTÖ OY HANNUNHELMI	FINLAND	711573	10946297	-	100%
KIINTEISTÖ OY PORIN HYVÄNTUULENTIE 2	FINLAND	710278	10914738	-	71%
K-PLUS OY	FINLAND	708411	10874270	31.12.2010	100%
KIINTEISTÖ OY VANTAANPORTIN LIIKEKESKUS	FINLAND	654689	10545119	31.12.2009	28%
KESTRA KIINTEISTÖPALVELUT OY	FINLAND	680221	10529231	31.12.2010	100%
K-INSTITUUTTI OY	FINLAND	630162	10172711	31.12.2010	72%
KESLOG OY	FINLAND	630728	10160606	31.12.2010	45%
KIINTEISTÖ OY TAMPURI	FINLAND	578556	09760380	31.12.2008	100%
KESKINÄINEN KIINTEISTÖ OY MERI-PIETARI	FINLAND	560099	09445559	-	23%
KESPRO OY	FINLAND	553216	09119171	31.12.2010	100%
KIINTEISTÖ OY JANAKKALAN LINNATUULI	FINLAND	538350	08899153	-	30%
LAKALAIVAN AUTOKORJAAMO OY	FINLAND	534892	08755408	31.07.2008	100%
GRAANIN LIIKEKESKUS OY	FINLAND	520667	08618585	31.12.2008	50%
KIINTEISTÖ OY LAHDEN LYHYTKATU 1	FINLAND	516428	08533207	31.12.2008	50%
AUTO-SPAN OY	FINLAND	504123	08285186	31.12.2010	100%
KIINTEISTÖ OY AHTIALAN LIIKETALO	FINLAND	467421	08131179	-	100%
HAUHON KIINTEISTÖ- JA KAUPPAKESKUS OY	FINLAND	447532	07628431	-	100%
ITÄKESKUKSEN PYSÄKÖINTITALO OY	FINLAND	434192	07575050	-	45%
KIINTEISTÖ OY TURVESUONKATU 10	FINLAND	424233	07351401	-	100%
KIINTEISTÖ OY LAHDEN TEOLLISUUSKESKUS	FINLAND	434745	07193693	-	48%
VARISTON LIIKEKESKUS OY	FINLAND	378873	06518716	-	75%
KLINTCENTER AB	FINLAND	375090	06514029	-	100%
KIINTEISTÖ OY LÄNSI-KAISLA	FINLAND	369641	06511151	31.12.2008	100%
KENKÄKESKO OY	FINLAND	377371	06375110	31.12.2010	100%
MALMINTORIN PYSÄKÖINTITALO OY	FINLAND	364202	06323855	31.12.2009	100%
KIINTEISTÖ OY AROLAN RISTEYS	FINLAND	360691	06148479	-	100%
FASTIGHETS AB ESBO CENTRUM	FINLAND	330544	05675496	31.12.2008	100%
BARKER-LITTOINEN OY	FINLAND	207244	05167547	-	100%
KIINTEISTÖ OY LENTOKENTÄN PALVELUTALO	FINLAND	308399	05001950	31.12.2008	33%
KIINTEISTÖ OY SARVINIITYNKATU 4	FINLAND	306915	04891322	-	100%
KIINTEISTÖ OY VOISALMEN LIIKETALO OY	FINLAND	261401	03562893	31.12.2008	100%
TAMPEREEN LÄNSIKESKUS OY	FINLAND	192756	02116103	-	94%
INDOORPALVELU OY	FINLAND	-	02039849	-	100%
VALLUGA-SIJOITUS OY	FINLAND	150185	01959387	31.12.2008	39%
KIINTEISTÖ OY VÄLIVAINION OSTOSKESKUS	FINLAND	182463	01886376	-	66%
RAKSILAN PAIKOITUS OY	FINLAND	231765	01875319	31.12.2008	33%
VV-AUTO GROUP OY	FINLAND	36958	01545782	31.12.2010	100%
KIINTEISTÖ-OY ITÄ-AUKIO	FINLAND	159781	01499376	31.12.2008	26%
KIINTEISTÖ OY KANGASALAN PALVELUKESKUS	FINLAND	235083	01478444	-	83%
KIINTEISTÖ OY MELLUNMÄEN LIIKE- JA TOIMINTAKESKUS	FINLAND	191377	01202325	31.12.2008	23%
RUOKAKESKON KIINTEISTÖT OY	FINLAND	-	01189239	-	100%
VÄHITTÄISKAUPAN TAKAUS OY	FINLAND	134595	01160022	31.12.2010	34%
KESKO OYJ	FINLAND	90470	01098628	31.12.2010	-
K-TALOUSPALVELUKESKUS OY	FINLAND	-	22341316	31.12.2010	100%
KONEKESKO HOLDING OY	FINLAND	-	22086108	-	100%
LIMINGAN PORTTI 1 OY	FINLAND	-	20905544	31.12.2008	100%
KIINTEISTÖ OY MUHOKSEN PUOTI	FINLAND	-	20811062	-	100%
STROYMASTER HOLDING FINLAND OY	FINLAND	-	19036716	-	100%
KIINT OY KOTKAN KAUPPAHUONE	FINLAND	-	08688372	-	100%
KIINT OY IMATRAN LAPPEENTIE 44	FINLAND	426075	07339568	-	100%
LOIMAAN MAATALOUS- JA RAUTAKAUPPA OY	FINLAND	-	19509667	31.12.2005	100%
KERU KIINTEISTÖT OY	FINLAND	-	19354968	-	100%
KIINTEISTÖ MESTA OY	FINLAND	-	19354845	-	100%
KIINTEISTÖ OY PONTSONKULMA	FINLAND	-	19324304	31.12.2010	95%
K-MAATALOUSKAUPAT OY	FINLAND	-	19015878	31.12.2010	100%
VV-AUTOTALOT OY	FINLAND	-	19001900	31.12.2010	100%
CASSA OY	FINLAND	-	18660744	31.12.2007	100%
TURUN VV-AUTO OY	FINLAND	-	18605542	31.12.2010	100%
PIKOIL OY	FINLAND	-	18374641	31.12.2010	100%
MUSTA PÖRSSI OY	FINLAND	-	17169136	31.12.2010	100%
KONEKESKO OY	FINLAND	-	17085899	31.12.2010	100%
INTERSPORT FINLAND OY	FINLAND	806310	16488717	31.12.2010	100%
RAUTAKESKO OY	FINLAND	802133	16432561	31.12.2010	100%
MAATALOUSKESKO OY	FINLAND	-	16378702	-	100%
RUOKAKESKO OY	FINLAND	801645	16366779	31.12.2010	100%
VÄHITTÄISKAUPAN TILIPALVELU VTP OY	FINLAND	798180	16343745	31.12.2010	30%
KIINTEISTÖ OY ULVILAN HANSA	FINLAND	789016	16068237	-	42%
INSOFA OY	FINLAND	774920	15701440	31.12.2010	100%
INDOOR GROUP OY	FINLAND	753107	15123329	31.12.2010	100%
K-CITYMARKET OY	FINLAND	751924	15077246	31.12.2010	100%
LEVIN AQUAHOVI KIINTEISTÖ OY	FINLAND	746594	14895271	-	25%
KIINTEISTÖ OY VANTAAN KIITORADANTIE 2	FINLAND	745224	14887976	31.12.2008	100%
OOO KESKO REAL ESTATE	RUSSIAN FEDERATION	-	-	-	100%
ZAO KESTROY	RUSSIAN FEDERATION	-	-	-	100%
MASTERSTROYPOF ZAO	RUSSIAN FEDERATION	-	-	-	100%
MATCH-POINT OOO	RUSSIAN FEDERATION	-	-	-	100%
TEPLOSCHIT OOO	RUSSIAN FEDERATION	-	-	-	100%
SUNRETAIL ZAO	RUSSIAN FEDERATION	-	-	-	100%
KESKO REAL ESTATE SERVICES OOO	RUSSIAN FEDERATION	-	-	-	100%
INTERSTROY OOO	RUSSIAN FEDERATION	-	-	-	100%
STROYMASTER ZAO	RUSSIAN FEDERATION	-	-	-	100%
PLUSSA OÜ	ESTONIA	-	-	-	100%
FIESTA REAL ESTATE AS	ESTONIA	-	-	-	100%
RAUTAKESKO AS	ESTONIA	-	-	-	100%
IKOSEN OÜ	ESTONIA	-	-	-	100%
SOTKA EESTI OU	ESTONIA	-	-	-	100%
INDOOR GROUP AS	ESTONIA	-	-	-	100%
KESKO AGRO EESTI AS	ESTONIA	-	-	-	100%
ANTTILA AS	ESTONIA	-	-	-	100%
KESLOG AS	ESTONIA	-	-	-	100%

FINANCIAL INFORMATION

Key Financials

Year	31.12.2010	%	31.12.2009	%	31.12.2008	%	31.12.2007
Turnover (€)	500.854.000	-2%	508.817.000	-8%	554.681.000	-1%	558.745.000
Result After Taxes(€)	-2.447.000	-164%	3.814.000	128%	1.672.000	16%	1.441.000
Total Assets(€)	174.201.000	12%	155.807.000	-3%	161.175.000	3%	156.811.000
Number of Employees	1935	-5%	2032	-5%	2148	5%	2045
Estimated Shareholders Funds	36.582.210	-6%	38.951.750	15%	33.846.750	3%	32.930.310

Ratios

Year	31.12.2010	31.12.2009	31.12.2008	31.12.2007
Solvency Ratio	21%	25%	21%	21%
	Moderate Indebtedness	Moderate Indebtedness	Moderate Indebtedness	Moderate Indebtedness
Operating Result Ratio	1,50	0,90	2,50	3,50
Turnover Employee Ratio	25.884,00	2.504,00	25.823,00	27.322,00

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Registrations in Force

	State	Registration Date
Tax Administration	Registered	20.12.1984
Trade Register	Registered	31.12.1984
Employer Register	Registered	01.01.1985
Prepayment Register	Registered	01.03.1995
Value Added Tax-Liability	VAT-liable for business activity	01.06.1994

Business History

Date	Event	Source Company Name
22.11.1999	Merger	Anttila-arava Oy   merged into   Anttila Oy
22.11.1999	Merger	Oy Ferin Ab   merged into   Anttila Oy
30.08.1996	Merger	02015556   merged into   Anttila Oy
30.08.1996	Merger	01132777   merged into   Anttila Oy
28.12.1994	Merger	01577514   merged into   Anttila Oy
28.12.1994	Merger	01577354   merged into   Anttila Oy
08.09.1993	Merger	03471043   merged into   Anttila Oy

Other Company Officials

Name	Viitanen Jarkko Kalevi
Date of Birth	27.04.1972	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Authority to sign

Name	Riitala Ismo Mika Taneli
Date of Birth	14.11.1962	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Authority to sign

Name	Knuuti Sanna Ilona
Date of Birth	16.12.1976	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Authority to sign

Name	Ylöstalo Sauli Mikko Kalevi
Date of Birth	19.12.1961	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Authority to sign

Name	Majoinen Mika-Veli
Date of Birth	13.10.1963	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Authority to sign

Name	Leiponen Mika Jari
Date of Birth	25.07.1965	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Authority to sign

Name	Matikka Veikko Juhani
Date of Birth	22.04.1949	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Authority to sign

Name	Pesonen Tapio Antero
Date of Birth	27.12.1957	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Authority to sign

Name	Åberg Majlis Hannele
Date of Birth	03.06.1965	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Authority to sign

Name	Jauro Eeva Johanna
Date of Birth	18.11.1968	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Authority to sign

Name	Holopainen Hannu Tapani
Date of Birth	16.07.1955	Appointment Date	08.05.2006
Nationality	FINLAND	Function	Principal accountant

Name	Korhonen Arja Anneli
Date of Birth	28.01.1958	Appointment Date	21.12.2011
Nationality	FINLAND	Function	Authority to sign

NOTES & COMMENTS

Na

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.