Awal Company is a large labor-intensive manufacturing company located in Arad Industrial Area, an industrial zone in Muharraq Governorate. Awal Company manufactures and sells disposable crockery, particularly cups, plates, forks, spoons, etc. made of plastic and polystyrene. About 70 percent of its workforce is foreign workers, with the majority comes from India and Bangladesh. The company, established in 2000, has been profitable since its fourth year of operation. Currently, Awal Company serves the whole Bahrain. Although Awal Company supplies to wholesalers in large quantities, it also delivers directly to small operators, especially to canteens operating in factories located in Arad Industrial Area. Subsequent to its potential market expansion, the management of Awal Company has decided to seek a credit facility from your Bank. In the past, Awal Company had relied on a few suppliers to finance a large part of its needs for raw materials. However, due to some reasons, one of the main suppliers is in the process of winding-up (closing). Awal Company is considering seeking other alternative suppliers in China. Awal Company will select your bank to borrow in order to expand and buy plastic machines and equipment needed by their production line at least for next five years. The company's two most recent balance sheets were presented to you in support of their credit facility request. In addition, the company's income statement for the year just ended was provided to support the loan request. These statements are as follows: Balance Sheet as at 31/12/19 and 31/12/20 Other information that you have collected from the Bloomberg includes the industry ratios. The ratios are as follows: Assuming Awal Company's Ordinary Shares are currently valued at BD 165,000 based on equity expert. To conduct an initial assessment on the company, you decided to use the Expert Based Credit Analysis (4 marks). At this preliminary stage, what is your credit decision and why ( 2 marks)? To support your initial decision, you decided to use the Z-score (3 marks). What is your credit decision and why ( 1 mark)