T.E.K. MILITARY SEATING LIMITED

Executive Summary

T.E.K. Military Seating Limited shows improving net assets but continues to face significant working capital deficits and liquidity constraints, with cash reserves substantially depleted in 2023. The company’s specialized niche and government-backed loan provide some credit support, but repayment capacity and cash flow management remain key concerns. Conditional credit approval is recommended with strict monitoring of liquidity, debtor collections, and loan repayments.

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