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MIRA INFORM REPORT
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Report No. : |
503847 |
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Report Date : |
19.04.2018 |
IDENTIFICATION DETAILS
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Name : |
NABINA BUILDING MATERIAL WLL |
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Registered Office : |
Airport Street, Wakra Road, PO Box 130, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
09.02.2011 |
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Com. Reg. No.: |
49055 |
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Legal Form : |
With Limited Liability – WLL |
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Line of Business : |
Subject is engaged in the import and distribution of building
materials, ceramics, tiles, hardware, electrical equipment, steel and
plywood. |
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No. of Employees : |
150 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Qatar |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
QATAR
- ECONOMIC OVERVIEW
Qatar’s oil and natural gas resources are the country’s main economic engine
and government revenue source, driving Qatar’s high economic growth and per
capita income levels, robust state spending on public entitlements, and booming
construction spending, particularly as Qatar prepares to host the World Cup in
2022. Although the government has maintained high capital spending levels for
ongoing infrastructure projects, low oil and natural gas prices in recent years
have led the Qatari Government to tighten some spending to help stem its budget
deficit.
Qatar’s reliance on oil and natural gas is likely to persist for the
foreseeable future. Proved natural gas reserves exceed 25 trillion cubic meters
- 13% of the world total and, among countries, third largest in the world.
Proved oil reserves exceed 25 billion barrels, allowing production to continue
at current levels for about 56 years. Despite the dominance of oil and natural
gas, Qatar has made significant gains in strengthening non-oil sectors, such as
manufacturing, construction, and financial services, leading non-oil GDP to
steadily rise in recent years to just over half the total.
Following trade restriction imposed by Saudi Arabia, the UAE, Bahrain,
and Egypt in 2017, Qatar established new trade routes with other countries to
maintain access to imports.
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Source
: CIA |
SUMMARY
Company Name :
NABINA BUILDING MATERIAL WLL
Country of Origin :
Qatar
Legal Form :
With Limited Liability – WLL
Registration Date :
9th February 2011
Commercial Registration Number :
49055
Chamber Membership Number :
23587
Issued Capital :
QR 40,000,000
Paid up Capital :
QR 40,000,000
Total Workforce :
150
Activities :
Distributors of building materials, ceramics, tiles, hardware, electrical
equipment, steel and plywood
Financial Condition :
Good
Payments :
No Complaints
Person Interviewed :
Ramesh Malari, Financial Controller
COMPANY
NAME
NABINA BUILDING MATERIAL WLL
ADDRESS
Registered &
Physical Address
Location : Airport
Street, Wakra Road
PO Box : 130
Town : Doha
Country : Qatar
Telephone : (974) 44652345
Facsimile : (974) 44633531
/ 44660555
Mobile : (974)
33084939 / 66121469
Email :
nalsinagrou@qatar.net.qa / building.materials@nabina.com /
nabinagroup@qatar.net.qa
Premises
Subject operates from a large suite of offices that are rented and
located in the Central Business Area of Doha.
KEY
PRINCIPALS
Name Position
Ibrahim Mohamed Nabina Managing
Director
Farooq Ibrahim Mohamed Nabina Director
Mansour Ibrahim Mohamed Nabina Director
Masood Ibrahim Mohamed Nabina Director
Fadalla Zied Sales
Manager
Ramesh Malari Financial
Controller
Khalid Saroor Human
Resources Manager
LEGAL
FORM & OWNERS
Date of Establishment : 9th
February 2011
Legal Form : With Limited
Liability – WLL
Commercial Reg. No. : 49055
Chamber Member No. : 23587
Issued Capital : QR 40,000,000
Paid up Capital : QR 40,000,000
Name of
Shareholder (s)
Ibrahim Mohamed Nabina
Farooq Ibrahim Mohamed Nabina
Mansour Ibrahim Mohamed Nabina
Masood Ibrahim Mohamed Nabina
AFFILIATED
COMPANIES
Nabina Trading Establishment
Airport Street, Wakra Road
PO Box: 130 & 1104
Doha
Tel: (974) 44652345 / 44652344
Fax: (974) 44652386 / 44660555
Nabina Artificial Marble Factory
Salwa Road
Doha Industrial Area
PO Box: 130
Doha
Tel: (974) 44652345
Fax: (974) 44652386
Nabina Gallery
PO Box: 130
Doha
Tel: (974) 44426426 / 44435566
Fax: (974) 44435757
OPERATIONS
Activities: Engaged in the import and distribution of building materials, ceramics,
tiles, hardware, electrical equipment, steel and plywood.
Import Countries: Europe and the Far East
Local Suppliers:
Qatar Steel
Al Kwather Steel Co
Subject has a workforce of 150 employees.
FINANCIAL
DATA
Financial
highlights provided by local sources are given below:
Currency: Qatari
Riyals (QR)
Year
Ending 31/12/17:
Total Sales QR
165,000,000
Local sources consider subject’s financial condition to be Good.
The above figures were provided by Ramesh Malari, Financial Controller
BANKERS
Doha Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
PAYMENT
HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL
COMMENTS
The subject and its shareholders/owners have been searched in the
following databases; Office of Foreign Assets Control (OFAC), United Nations
Security Council Sanctions, Australian Sanctions List, US Consolidated
Sanctions List, EU Financial Sanctions List and UK Financial Sanctions List and
nothing adverse could be found on the exact names listed within the report.
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 |
INR 65.68 |
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1 |
INR 93.98 |
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Euro |
1 |
INR 81.30 |
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QAR |
1 |
INR 18.05 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.