MIRA
INFORM REPORT
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Report Date : |
20th January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
BAKKUS EHF |
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Registered Office : |
Hedinsgotu 1-3, 105 Reykjavik |
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Country : |
Iceland |
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Financials (as on) : |
2005 |
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Date of Incorporation : |
13.03.2003 |
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Com. Reg. No.: |
530303-2410 |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale of alcoholic and other beverages. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
3,076 M.ISK |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Summary
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Name: |
Bakkus ehf |
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Address: |
Hedinsgotu 1-3 |
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Post code: |
105 |
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City: |
Reykjavik |
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Postbox: |
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Icelandic name: |
Bakkus ehf |
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Trade styles: |
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Last contacted: |
16/01/2007 |
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Registration number: |
530303-2410 |
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Telephone: |
511 1711 |
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Fax : |
511 1712 |
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VAT number: |
78896 |
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Established: |
13.03.03 |
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Website: |
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Email: |
birgir@bakkus.is |
Currency
All currency values
are shown in thousands ISK, unless otherwise stated.
Legal form
Private limited
company
History
Established and
registered as a private limited liability company in March 2003 by Mr. Birgir Hrafnsson.
December 2005: Subject company took over certain brand names from Edalvin ehf.
(reg.no. 670502-2010).
Customer type
Hotels
State Institutions
Restaurants and Bars
Dury free stores.
Retail monopoly
Staff numbers
2006 - 4
2005 - 4
2004 - 3
2003 - 3
NACE code
51340, Wholesale of
alcoholic and other beverages.
Function
Import, marketing and
wholesale of liquors and wines. Subject company holds liquor licence number
8/2003, as issued by the National Commissioner of the Icelandic Police. Among
suppliers are Baron Philippe de Rothschild Bordeaux S.A., Joseph Drouhin
Burgundy (France), Hugel & Fils Alsace, Castello Banfi (Italy), Moselland
(Germany), Gonzales Byass (Spain), JeanJean (France), Otard Coniac (France),
Casella Wines (Australia).
Purchasing terms
Credit Cards
Open Account
The company Imports services from
France, Australia,
Italy, Spain, United States of America, Germany, South-America.
Sales terms
Open Account
Cash
Owners/Shareholders: Personal ID: Holding in %: Operation:
Birgir Hrafnsson 090751-2559 85.0
Sverrir
Eyjolfsson 070967-5029 15.0
Board: Personal
ID: Education: Title:
Birgir Hrafnsson 090751-2559 Member
of Board of Directors Oddny
Indiana Jonsdottir 210253-2469 Vice
Board Member
Principals: Personal
ID: Education: Title:
Birgir Hrafnsson 090751-2559 CEO
Sverrir Eyjolfsson 070967-5029 Sales Manager
Real Estate
Address : Hedinsgata 1-3 Area code : 105
Insurance Value : 0 Year
built : 1992
Market Value : 0 Size : -
Location : Central business area Type of premises : Office
Tenure : Rented
Negative payment information
None found.
Trade banks
Bank: 545, Glitnir hf.,
Strandgötu 1
Balance Sheet
2005 2004 2003 N/A N/A
ISK ISK ISK
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Current assets: Cash Receivables Other Stock Current assets total Long term assets: Investments Fixed assets Long term costs Total long term assets: Total assets: Current debts: Lines of credit Accounts payable Acquired liabilities Current maturities Total current debts Long term debts Deferred income tax
liability Pension fund
liability Other liabilities Total liabilities Total debt Equity: Nominal capital Other equity Equity total Minority interest Total debts and
equity: |
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Income Statement
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2005 |
2004 |
2003 |
N/A |
N/A |
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Maximum credit
The maximum credit
recommendation for this business is : 3,076 M.ISK.
Definition of ratio
Prof. margin, %: Profit / turnover
Current ratio: Current assets /
Current debt
Quick ratio: (Current
assets-stocks) / Current debt Equity
ratio: Equity / Total assets
Debt ratio: Debt / Total(debts
and equity
Collection time: ((Account payables 01.01 +
Account payables 31.12) / 2) / (Turnover / 365)
Stock turnover: Product purchases / (Stock
01.01 + Stock 31.12) / 2
Coverage the past 12 months:
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Feb 2006 |
Mar 2006 |
Apr 2006 |
Mai 2006 |
Jun 2006 |
Jul 2006 |
Aug 2006 |
Sep 2006 |
Okt 2006 |
Nov 2006 |
Dec 2006 |
Jan 2007 |
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Frettabladid |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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Morgunbladid |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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Bladid |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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DV |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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Ríkisútvarpiđ - Rás 1 og 2 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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Sjónvarpiđ |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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NFS |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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Bylgjan |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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Total |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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Total coverage count: 0 |
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Total media coverage in minutes: 0:0 |
Covered Issues
Feb 2006 Mar 2006 Apr 2006 Mai 2006 Jun
2006 Jul 2006 Aug 2006
Sep 2006 Okt 2006 Nov 2006 Dec 2006 Jan
2007
Media coverage statistics are
obtained from Fjolmidlavaktin ehf database which monitores and analyses media
coverage. This information is based on coverage in newspapers and main news of
broadcast medias.
The deviation of registration
numbers in coverage is +/- 1.5%
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound
financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists.
Caution needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of
information, we have no basis upon which to recommend credit dealings |
No Rating |
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