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  • Request Letter For Renewal of Limit

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    Prem Sebastián Antony
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    The letter requests renewal of existing working capital limits from ABC Bank. It encloses audited financial statements for the past two years as well as projected balance sheets for the next two years. It confirms that the information provided is accurate and projections are reasonable. It undertakes to use the bank's funds for stated purposes only and abide by the bank's rules. It also undertakes not to take credit from other banks without permission and to pay applicable fees and charges.

    Original Description:

    Simple Letter to renew Cash Credit/OD

    Original Title

    Request Letter for Renewal of Limit

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    The letter requests renewal of existing working capital limits from ABC Bank. It encloses audited financial statements for the past two years as well as projected balance sheets for the next two years. It confirms that the information provided is accurate and projections are reasonable. It undertakes to use the bank's funds for stated purposes only and abide by the bank's rules. It also undertakes not to take credit from other banks without permission and to pay applicable fees and charges.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    Download as doc, pdf, or txt
    9K views1 page

    Request Letter For Renewal of Limit

    Uploaded by

    Prem Sebastián Antony
    The letter requests renewal of existing working capital limits from ABC Bank. It encloses audited financial statements for the past two years as well as projected balance sheets for the next two years. It confirms that the information provided is accurate and projections are reasonable. It undertakes to use the bank's funds for stated purposes only and abide by the bank's rules. It also undertakes not to take credit from other banks without permission and to pay applicable fees and charges.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    of 1

    Changanacherry

    10th January 2014


    To,

    The Branch Manager,


    ABC Bank,
    Changanacherry

    Dear Sir,
    Sub : Request Letter for renewal in existing working capital
    limits.
    We are enclosing the following papers as requested by you in letter dated
    1. Audited financial statements as at 31.03.20XX
    2. Provisional financial statements for 31.03.20XX.
    3. Projected Balance Sheet as on 31.03.20XX & 31.03.20XX duly
    certified.
    4. Copy of Income-Tax return for 31.03.20XX and 31.03.20XX.
    I confirm that the information furnished is true and projections made
    are reasonable considering the performance and the present industry
    scenario.
    I also undertake to use the banks funds for the stated purpose. I
    undertake to abide by the rules, terms and conditions of the bank from
    time to time. I also undertake not to open any current accounts/apply
    for credit facilities with banks other than those mentioned in our above
    application without your prior consent.
    I undertake to meet the legal opinion charges / Advocate fees, Valuation
    fees, inspection charges, Stock audit / concurrent audit charges etc. as
    per Banks rules from time to time.
    I request you to renew our existing working capital limits.
    Yours faithfully,
    For XYZ Ltd.
    Proprietor/Partner

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