Based on the below facility, recommend the credit facility.

A review of Goldrock Construction and Services Limited financial statements for year ended December 31,2024 revealed that Net Profit Margin of 16.18% indicates a healthy profitability level, suggesting the company can generate profit relative to its revenue. Current Ratio of 48.86 indicates a very high current ratio, which usually indicates excellent short-term liquidity. This suggests the company can easily cover its short-term liabilities. Debt to Equity Ratio of 0.55 is of a moderate level of leverage, indicating the company is not overly reliant on debt financing. Debt Coverage Ratio of 4.07 ratio shows the company's ability to cover its debt with its earnings. A ratio above 1 indicates the company has sufficient earnings to cover its debt obligations.

A manual calculation of the interest coverage ratio (J$7,997,664 - J$5,976,314 = J$2,021,350)

J$7,997,664 /J$2,021,350 = 3.96 times. This indicates the company can cover its interest expense 3.96 times with its earnings before interest and taxes.

Loan to Value Ratio of 133.33% is quite high, suggesting the loan amount relative to the company's value is large, posing a potential risk. We will use high value collateral as security for the facility.

EBITDA of J$7,997,664.00 is healthy and supports the company's ability to generate operational cash flow.

There is strong profitability and cash flow. The company shows a low level of debt relative to equity, that is, there is moderate leverage. Given the strong liquidity and profitability metrics, the company appears to be creditworthy.

Course of Accounts

1002233699 -Jahmaro Green t/a Golden Rock Construction

This account was established as a trading as account until the switch to a Limited liability company in July 2023.The account shows a high number of withdrawals per month, peaking at 58 times in October 2023.In some months, particularly in May and October 2023, the account held very large balances exceeding several million. The account occasionally experiences months with very high activity, such as significant deposits and subsequent withdrawals.

1002326035- GoldenRock Construction Ltd

The account appears to experience significant fluctuations with regular large deposits and withdrawals. The account was opened on 7/13/2023, with activity starting from that date. The account is active in terms of transactions.

Aged list of Accounts Receivables

A review of the company's accounts receivables indicates that $4,000,000.00 is outstanding in debt for the company. CIBC Caribbean (Jamaica) Ltd .................. Once collections have been made , we will liquidate the existing debt in the amount of J$2M while credit card facility will be maintained and serviced as agreed.