Request Letter for Running Finance

Posted by

Date:23-Jun-2012

The Manager,

Dubai Islamic Bank Ltd,

Gulberg Br.

Lahore.

SUB: REQUEST FOR RUNNING FINANCE.

Dear Sir,

We are pleased to introduce ourselves as one of the leading printers, manufacturers and material suppliers of all kind of packaging material i.e cartons, labels, leaflets, broachers & stationery etc. Now currently we are going to expand our business because we have a vast scope in our field and we have offers from different multinational companies to meet their demands. Along with the offers we have also the capacity to fulfill the heavy orders. We are equipped with automatic modern machinery the detail is found in our profile, which we present with the letter.

Currently we are availing limits from Punjab & Atlas bank. Facility offer letters are also along with letter. The copy of those advices is attached with this letter. We have already received offers from different financial institutions. We request you to sanction the following limits with minimum rate of kibor & 2 % rate of interest.

1-Running Finance                                Rs 5.00 million (Rs. Five million)

2-L/C (sight) & FATR              Rs 3.00 million (Rs. Three million)

We will use one of them at a time.

Last year we have imported the following L/C’s.

L/C Value F/CRateValue PKR
U.V.

1,500

60.73

412,918

U.V.

1,530

60.73

482,429

COATED DUPLEX BOARD

36,407

60.75

3,996,168

COATED PAPER IN ROLLS

23,491

62.78

2,457,916

U.V.

1,500

62.95

441,800

INVERCOATE

16,087

62.95

1,797,614

COATED DUPLEX BOARD

12,103

62.6

1,878,473

COATED DUPLEX BOARD

42,000

67.70

4,421,505

COATED DUPLEX BOARD

42,000

69

2,898,000

COATED DUPLEX BOARD

42,000

69

2,898,000

 TOTAL

155,690

 

21,684,823

3-Export                                              Rs 1.00 million (Rs. One million)

Now we are going to open our office in BAHREEN for export of all kinds of packaging material in Middle East. Survey is already done. We have also export some quantity in Ajman (Dubai) through Atlas bank which detail is as follow.

ExportValue RateValue PKR
 F/C  
Printing Material Label, Cloth etc

4,122.69

60.70

250,247

Printing Material Label, Cloth etc

4517.90

60.70

274,236

 TOTAL

8,640.59

 

524,483

So you can examine that our position is solid and we have sufficient security as mortgage to the running finance. We shell be very thankful to you for your kind cooperation.

For

Lahore Printers

One Comment

  1. Ejaz Ahmad Khan says:

    Dear sir,
    I need limit loan (running finance) for my own business m/s Gunj bakhsh roller flour mills pvt ltd. I have got loans from banks before.
    Regards,
    03069809003 03457526817

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