MIRA INFORM
REPORT
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Report Date : |
28.06.2011 |
IDENTIFICATION DETAILS
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Name : |
JAWAD BUSINESS GROUP |
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Registered Office : |
Jebel Ali Free
Zone, Plot No. S20602, P O Box 27540 & 18193, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
01.01.2008 |
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Legal Form : |
Free Zone Company |
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Line of Business : |
Import and export of footwear, clothing, and leather products |
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 : |
US$ 150,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United Arab Emirates |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Bottom of Form
SUMMARY
Company Name : JAWAD BUSINESS GROUP
Also Known As : JAWAD FZCO
Country of Origin : Dubai, United Arab Emirates
Legal Form : Free Zone Company - FZCO
Registration Date : 1st January 2008
Trade Licence Number : 6237
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Total Workforce : 10
Activities : Import and export of footwear, clothing, and leather products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
JAWAD BUSINESS
GROUP
ALSO KNOWN AS
JAWAD FZCO
company ADDRESS
Registered & Physical Address
Location : Jebel Ali Free Zone, Plot No.
S20602
PO Box : 27540 & 18193
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8110500 / 8110503
Facsimile : (971-4) 8110501
Email : anil.menezes@jawad.com / roshni.lobo@jbjmail.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Jebel Ali Free
Zone, Dubai.
KEY PRINCIPALS
Name Position
·
Faisal Hassan Jawad Managing
Director
·
Anil Menezes General
Manager
·
Feroz Mohamed Commercial
Manager
·
Roshni
Lobo Administrative
Officer
LEGAL FORM & OWNERS
Date of Establishment : 1st
January 2008
Legal Form :
Free Zone Company - FZCO
Trade Licence No. : 6237,
JAFZA (Expires 31/07/2011)
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Name of Shareholder
(s)
·
Jawad Business Group
PO Box: 430
Manama
Bahrain
Tel: (973-17) 253032
Fax: (973-17) 273866
·
Faisal Hassan Jawad
AFFILIATED COMPANIES
·
Outfit LLC
Dubai
United Arab Emirates
·
Demon
Restaurant Management Services WLL
157 Sheikh Issa Avenue
PO Box: 5896 & 430
Manama
Bahrain
Tel: (973-17) 295060
Fax: (973-17) 292702
OPERATIONS
Activities: Engaged in the import
and export of footwear, clothing, fashion accessories and leather products.
Import
Countries: United Kingdom
and India
International
Suppliers:
·
Hush Puppies United
Kingdom
·
Adam United
Kingdom
Subject has a
workforce of 10 employees.
FINANCIAL DATA
Companies
registered in Dubai, United Arab Emirates are not legally required to make
their accounts public and no financial information was released by the company
or submitted by outside sources.
BANKERS
·
Standard
Chartered Bank
Jebel Ali Free Zone
PO Box: 999
Dubai
Tel: (971-4) 8856600
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Habib
Bank
Government Avenue
PO Box: 566
Manama
Bahrain
Tel: (973-17) 254889 / 273285
Fax: (973-17) 276685
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
During the course
of this investigation nothing detrimental was uncovered regarding subject’s
operating history or the manner in which payments are fulfilled. As such the company
is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.10 |
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UK Pound |
1 |
Rs.71.88 |
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Euro |
1 |
Rs.63.75 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.