Elite Capital & Co. Limited Awarded the “Best Project Management & Finance Company UK 2108” by Global Banking & Finance Review
- 24.10.2018 08:05 am
Mr. George Matharu, President of Elite Capital & Co. Limited (ECC), announced today that the success of being in the Global Banking & Finance Review Magazine’s 2018 Awards List was the result of enormous effort and teamwork within the company since it was founded in 2012.
These Awards were established to reward excellence and recognize best practice and innovation across the Worldwide business community. Global Banking & Finance Review celebrate those who have attained the peak of achievement in terms of distinction and market influence. The list mirrors the nominations, suggestions and contributions of the readership and analyses new trends to uncover the best and the brightest pioneers in business today. This is recognition of ECC’s drive to design solutions for clients after they have exhausted traditional funding sources and methods.
Elite Capital & Co. Limited is a private limited company that provides project related services including Management, Consultancy and Funding, particularly for large infrastructure and commercial projects.
George Matharu, in his statement, praised the support of Dr. Faisal Khazaal, Chairman of the Board of Directors, who boosted the engine of the Elite Capital & Co. Limited over the past years; “Dr. Khazaal is responsible for the development of the fruitful business strategies with the customers on a local, international and the governmental level by using his relationships and influence that he has gained over time being the Chairman of the parent company Deals Secure Group Holding Company (DSGH) since its founding in 1995.”
Elite Capital & Co. Limited has made strategic alliances with several organizations and companies which have given them access to international markets in Europe, Asia, Africa, Middle East and GCC region. This has given ECC a substantial foundation of clients to build on, in addition to access to the markets that are most in need of the products and services they offer. The aim of ECC is to facilitate the commencement and completion of Infrastructure projects, stimulate economy, create employment and combat poverty.
“Our services are suitable for all types of Infrastructure Projects in either Greenfield (Pre Operations Stage) or Brownfield (Operations Stage) including but not limited to Sea Ports, Airports, Railway, Bridges, Roads and Highways, Water and Sanitation Utilities, Energy, Communications, Hospitals, Schools and Social Infrastructure etc. This includes other projects or activities that impact positively on the relevant country’s basic infrastructure including the manufacturing of components used in infrastructure (such as cement and steel) and infrastructure associated with mining and agribusiness,” Mr. George Matharu, President and CEO of Elite Capital & Co. Limited, said.
Projects accepted by Elite Capital & Co. Limited are primarily executed on an EPC+F basis, which is Engineering, Procurement and Construction plus Finance.
ECC’s services depend on four types of “Funding Collateral”.
1. Commercial Bank Instruments; Bank Guarantees, Bonds, Medium Term Notes, or other Bank Debt Instruments issued by banks rated ‘B+’ or better, but this can be reviewed on a case-by-case basis.
2. Sovereign Guarantee; Elite Capital & Co. Limited is able to facilitate funding for Government and Infrastructure Projects against a Sovereign Guarantee subject to the Sovereign Guarantee being ratified by the relevant authorities and departments, namely the Central Bank and Ministry of Finance in the respective countries. In some cases the Sovereign Guarantee may need to be confirmed by a Commercial Bank.
3. Resource Guarantee; The option is available to fund projects against a Resource Guarantee such as an Oil Guarantee or any other significant and valuable minerals or resources that the country has may also be considered.
4. Promissory Notes; Corporate Promissory Notes endorsed by a commercial bank can be useful if the project has bankable assets that can be used for leverage financing.
Mr. George Matharu concluded his statement by saying, “the award from Global Banking & Finance Review would serve to enforce the company’s current business relationships, and help to foster relationships with new or prospective clients.”