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Monday, November 25, 2013

Request Letter for renewal in existing working capital limits



To,

The Branch Manager,
ABC Bank,

Dear Sir,

Re :     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 bank’s 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 Bank’s rules from time to time.

I request you to renew  our existing working capital limits.




Place :                                                                                                                              Yours faithfully,
Date  :                                          
                                                                                                                  
      For XYZ Ltd. 
                                                                                                                          

Proprietor/Partner

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