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Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
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Name : |
HASSAN MOHAMED JAWAD & SONS BSCC |
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Registered Office : |
Jawad House, |
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Country : |
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Date of Incorporation : |
04.04.1961 |
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Com. Reg. No.: |
297, Manama |
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Legal Form : |
Bahraini Shareholding Company (Closed) - BSCC |
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Line of Business : |
Subject operates several divisions |
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No. of Employees : |
1500 |
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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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Bahrain |
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 |
Company Name :
HASSAN MOHAMED JAWAD & SONS BSCC
Also Known As :
JAWAD BUSINESS GROUP
Country of Origin :
Bahrain
Legal Form :
Bahraini Shareholding Company (Closed) - BSCC
Registration Date :
4th April 1961
Commercial Registration Number :
297, Manama
Chamber Membership Number :
254
Issued Capital :
BD 3,212,720
Paid up Capital :
BD 3,212,720
Total Workforce :
1,500
Activities :
Subject operates several divisions (see below for details)
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
COMPANY NAME: HASSAN MOHAMED JAWAD & SONS BSCC
ALSO KNOWN AS: JAWAD BUSINESS GROUP
Registered & Physical Address
Building : Jawad House
Street : 171 Sheikh
Issa Road, Block 305
PO Box : 430
Town : Manama
Country : Bahrain
Telephone : (973-17) 254080
/ 254303 / 253032 / 247171
Facsimile : (973-17)
273866 / 273605
Mobile : (973-39)
177636
Email : santosh@jawad.com
Premises
Subject operates from a large suite of offices that are owned and located
in the Central Business Area of Manama.
Location Description
Jawad Commercial Complex Owned
shopping complex
Budaiya Highway
Barbar
Tel: (973-17) 691010
Fax: (973-17) 697956
Jawad Center Owned
shopping complex
Nwaidrat
Tel: (973-17) 700123
Fax: (973-17) 700254
Mina Salman Port Warehouse
premises
Tel: (973-17) 700123
Fax: (973-17) 729225
Seef Mall Rented
showroom premises
Manama
Tel: (973-17) 582258
Fax: (973-17) 582152
Name Position
Faisal Hassan Jawad Managing
Director
Fatima Hassan Jawad Director
Sabaah Hassan Jawad Director
Jawad Abdulaziz Alawi Director
Salem Abdulaziz Hassan Alawi Director
Hussain Abdulaziz Alawi Director
Bernard Edmunds Director
Anil Menezes Director
Rama Krishnan General
Manager
Sayed Noor Marketing
Manager
Reda Shamseddine Sales
Manager
Sojoy Malek Finance
Manager
J Barakash Branch
Manager – Budaiya
Date of Establishment : 4th
April 1961
Legal Form : Bahraini
Shareholding Company (Closed) - BSCC
Commercial Reg. No. : 297, Manama
Chamber Member No. : 254
Issued Capital : BD 3,212,720
Paid up Capital : BD 3,212,720
Name of Shareholder
(s) Percentage
Faisal Hassan Jawad 28.02%
Hassan Jaffar Hassan Jawad 9.36%
Naeema Hassan Mohamed Jawad 9.10%
Sabaah Hassan Jawad 9.01%
Fatima Hassan Jawad 7.02%
Rabab Hassan Mohamed Jawad 6.01%
Zainab Jaffar Hassan Jawad 4.78%
Abdulamir Ali Hassan Jawad
2.83%
Abdulhameed Ali Hassan Mohamed Jawad 2.83%
Mohamed Taqi Ali Hassan Jawad 2.83%
Muzahem Ali Hassan Mohamed Jawad 2.83%
Jawad Abdulaziz Alawi
1.73%
Salem Abdulaziz Hassan Alawi 1.73%
Hussain Abdulaziz Alawi 1.73%
Ali Abdulaziz Hussain Alawi 1.73%
Ameera Ali Hassan Jawad 1.41%
Kefaya Ali Hassan Jawad 1.41%
Zahra Ali Hassan Mohamed Jawad 1.41%
Iqbal Ali Hassan Jawad
1.41%
Eatidal Ali Hassan Jawad 1.41%
Hayat Ali Hassan Mohamed Jawad 1.41%
Demon Restaurant Management Services WLL
157 Sheikh Issa Avenue
PO Box: 5896 & 430
Manama
Tel: (973-17) 295060
Fax: (973-17) 292702
Activities: Subject’s operations are performed through the following divisions:
Wholesale Division
Jawad is one of Bahrain's major wholesalers and distributors of fast
moving consumer goods. A fleet of dry and freezer goods delivery vehicles
distribute key agency products to more than 750 retail stores, hotels and
restaurants throughout the island. The distribution network is supported by a
professionally managed infrastructure which includes warehouse facilities at
Mina Salman Port.
Jawad Restaurants
Under this division, subject operates several fast food restaurants in
Bahrain under franchising agreements from leading international companies. Some
of these fast food restaurants include :
- Magic Wok Chinese Restaurant
- Round Table Pizza
- Taco Mexicano
- Chester Fried
This division also operates the Al Safina Seafood restaurant, which is one
of the finest seafood restaurants in Bahrain serving not only excellent seafood,
but also one of the outstanding restaurants for Continental Gourmet food.
Jawad Supermarkets
Under this division, subject owns and operates two shopping complexes
located in Nwaidrat and Barbar. The Jawad Commercial Complex in Barbar ,
Budaiya Road is complemented by an exclusively designed food garden, retail
outlets and the largest supermarket on the island. The Jawad Center in Nwaidrat
opened in December 1983 and houses a 2,250 square meter supermarket, as well as
a Bhs Department Store and the La Baguette bakery.
Jawad Fashion
This division is engaged in the retail of a wide range of clothing items
and fashion accessories, representing a host of leading international fashion
outlets including, Monsoon, Mango, Miss Selfridge, Hush Puppies, Early Learning
Centre, Premaman, Applewoods, Oshkosh B’Gosh, KMS, Triumph, Shoe City,
Warehouse, Adams and Wallis.
British Home Stores (BHS)
Under this division subject operates a British Home Store (BhS)
department store under franchise from British Home Stores from the United
Kingdom. The department store is engaged in the retail of readymade garments
and household wares.
Dairy Queen
Distributors and retailers of a wide range of dairy products. Sole
distributors for Dairy
Queen of the United States of America.
Jawad Data Systems
Engaged in the retail of computer hardware and software, electronic
typewriters,
cartridges, copiers, floppy disks, data cartridges, counting machines,
printers and
portable computers.
Jawad Superfare
Operators of the only two fun fares in Bahrain.
Import Countries: Subject imports products from around the world,
particularly from the United States of America and
Europe
International Suppliers:
Kraft General Foods United
States of America
Borden Inc United
States of America
American Poultry International Ltd United
States of America
Libbys
Arnotts Biscuits Pty Ltd
Saudi Snack Foods Saudi
Arabia
Subject has a workforce of approximately 1,500 employees.
Companies registered in Bahrain are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
National Bank of Bahrain BSC
NBB Tower
Government Road
PO Box: 106
Manama
Tel: (973-17) 258800
Fax: (973-17) 263876
Bank of Bahrain & Kuwait
43 Government Avenue
PO Box: 597
Manama
Tel: (973-17) 253388
Fax: (973-17) 275785
Al Ahli Commercial Bank
Government Avenue
PO Box: 5941
Manama
Tel: (973-17) 244333
Fax: (973-17) 241301
Standard Chartered Bank
Standard Chartered Bank Building
Government Road
PO Box: 29
Manama
Bahrain
Tel: (973-17) 223636 / 255946
Fax: (973-17) 230503
ABN Amro Bank
Al Furdha Avenue
PO Box: 350
Manama
Tel: (973-17) 224896 / 225420
Fax: (973-17) 262241
Arab Bank Plc
Government Avenue
PO Box: 395
Manama
Tel: (973-17) 229988
Fax: (973-17) 210443
Banque Paribas
Commercial Area
PO Box: 5993
Manama
Tel: (973-17) 259272 / 253119
No complaints regarding subject’s payments have been reported.
Date of transaction September
2003 September 2008
Credit amount 300,000 60,000
Amount overdue 0 0
Payment terms 90
days 60
days
Payment Method Letters
of Credit Letters
of Credit
Paying record No
Complaints No
Complaints
Currency US
Dollars US
Dollars
The company is owned by members of the Jawad family who are very wealthy
and respected Bahraini businessmen.
Local sources report that payment obligations are met in a generally timely
manner and the operating history is clear. As such the company is deemed a fair
trade risk and the above credit figure is considered to be within subject’s
financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
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|
1 |
Rs.86.89 |
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Euro |
1 |
Rs.67.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.