Bain Industries
in progressRating R06CAM-0005/2026 · Private Banking & Wealth Management · Demand Loan USD 25.0 BN · Current stage: 6. Committee Approval
- OriginationCompleted
- PreparationCompleted
- BusinessCompleted
- Credit AdminCompleted
- RiskCompleted
- 6CommitteeIn progress
- RegulatoryLocked
- Docs & CPsLocked
- DisbursementLocked
- MonitoringLocked
Application lifecycle
Declines, re-openings and copies — nothing here is ever erased.
Reopened by Person 2 on 05 Sept 2026 17:04
now
Next action · Stage 6: Committee Approval
Routed by the delegation-of-authority matrix. Members vote approve / decline with comments and e-sign.
Owner
L2 / L1 / Credit Committee / Executive Committee
Gate to next stage
Approved (possibly with conditions) or declined
Facility request
- Facility type
- Demand Loan
- Amount
- USD 25,000.0 MM · QAR 91,250,000K
- Tenor
- 25 yrs (2 yr availability)
- Pricing
- 3M SOFR + 4.00%
- LTV / coverage
- 70% / 117%
- Approval level
- Executive Committee
- Total exposure (QAR 000s)
- 91,250,000
- Limit % of capital base
- 1140.63%
- Large exposure / related director
- Yes / No
Purpose
Office Revamp
Tracking sheet
Auto-generated from stage transitions — replaces the manual tracking sheet.
| Unit | Name | Out-date | Action | Comments |
|---|---|---|---|---|
| Relationship Manager (Business Unit) | Person 1 | 04 Sept 2026 14:51 | submit → CAM Preparation | dekh le bhai |
| Business Unit analyst (Preparer) | Person 1 | 04 Sept 2026 15:19 | submit → Business Sign-off | agay barh |
| BU management (Recommender → Concurrer) | Person 4 | 04 Sept 2026 15:26 | pass → Credit Admin Control | — |
| Corporate Credit Administration | Person 4 | 04 Sept 2026 15:28 | pass → Independent Risk Review | — |
| Risk Management | Person 5 | 04 Sept 2026 15:32 | pass → Committee Approval | — |
| L2 / L1 / Credit Committee / Executive Committee | Person 5 | 04 Sept 2026 15:33 | decline → Committee Approval | not sufficient info provided |
| L2 / L1 / Credit Committee / Executive Committee | Person 2 | 05 Sept 2026 17:04 | reopen → Committee Approval | now |
Ratios vs thresholds
borrower · Debt service coverage (DSCR) (FY2025)0.40xweak
borrower · Interest coverage (EBITDA / interest) (FY2025)2.37xacceptable
borrower · Leverage (total liabilities / tangible net worth) (FY2025)1.70xacceptable
borrower · Current ratio (FY2025)1.60xgood
borrower · Revenue trend (latest year) (FY2025)10.8%good
borrower · Profitability (net margin) (FY2025)5.5%good
borrower · LTV on pledged securities / fund units (term sheet)70%acceptable
borrower · Security coverage (collateral / exposure) (term sheet)117%weak
Red flags (52 open)
Missing: QCB / Credit Bureau reportshigh
No document in category "Bureau reports" has been uploaded.
Missing: KYC & constitutional documentshigh
No document in category "KYC / constitutional" has been uploaded.
Going-concern languagehigh
The auditor's report does not identify a material uncertainty related to going concern. The financial statements state that the Group manages capital to continue on a going concern basis.
Interim financial information not independently reviewedhigh
The 30 September 2025 and 30 September 2024 columns are expressly marked “Not Reviewed”. No audit or review opinion and no explanation for the absence of independent assurance are provided. Consider imposing an audit or independent review condition for the required financial reporting period before reliance on the figures.
Interim information reviewed, not auditedhigh
The document is a reviewed interim financial information package, not audited financial statements. KPMG expressly stated that it did not express an audit opinion. Consider imposing an audit condition requiring submission of audited annual financial statements and, if required by policy, audited or independently reviewed interim information.
Current interim financials not reviewedhigh
The 31 March 2025 statement of financial position and the three-month income statement are marked “Not Reviewed”. The document provides no explanation for the absence of an audit or review. Obtain clarification and consider imposing a condition requiring submission of reviewed or audited interim financial statements, as applicable to the facility and credit policy.
High leverage and debt service burdenhigh
Total debt was QAR 2,269,365,200 against total equity of QAR 1,776,034,740. Reported net debt-to-equity was 116%. Contractual FY2025 debt service, calculated from borrowings repayments and finance costs paid, was approximately QAR 676,999,039 versus operating cash flow of QAR 194,653,391.
Material overdue and credit-impaired receivableshigh
At 31 December 2025, gross exposures of QAR 480,191,142 were more than 730 days past due and classified as credit impaired, with a loss allowance of QAR 204,364,898. Total loss allowance for financial assets and contract assets was QAR 288,928,209.
Documents (7)
SIIL English FS Sep 2025.pdfMgmt accounts · 253.2 KB
SIIL FS Q1-2026 English.pdfMgmt accounts · 1.3 MB
SIIL FS March English 2025.pdfMgmt accounts · 227.6 KB
SIIL Console FS 2025_EN_Signed.pdfAudited FS · 1.4 MB
SIIL Group FS -EN 30 June 2025.pdfAudited FS · 1.2 MB
EN SALAM.pdfMgmt accounts · 236.5 KB
SIIL Consol FS English Dec'2024.pdfAudited FS · 4.1 MB
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