You are director of a small limited company engaged in construction business. Please write a letter to your Bank requesting for credit facilities for expanding business.
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KUMARESH CONSTRUCTIONS
25, KOTTAI MARI AMMAN KOVIL STREET
SALEM, 6360001
Ref. Philbank/234/2011 Date: August 9, 2011
The Manager
Phil .. Bank
Arunachalam Street
Salem
Dear Sir,
Sub: Request for Secured Overdraft limit of Rs. One crore
**************
We have our current account in your bank for the last five years. We are engaged in construction business and are having a turn over of over Rs.ten crore in our account during the last financial year.
Oursis a private limited company incorporated in 2007. We are constructing small houses costing around Rs. 20 lakhs each and are selling to government employees, public sector employees.
We have taken up a project near Attayampatti. We have entered into agreement with the owners of the land for offering the site to us for construction of houses to be sold to others and to pay them amounts as and when the proposed houses are sold.
We are enclosing the following documents:
1. Company's Balance sheet for the year ending March 2008, March 2009, March 2010 and March 2011.
2. Income Tax assessment orders for the year ending March 2008, March 2009 and March 2010. Assessment for the year ending March 2011 is awaited.
3. Project report giving details of projects completed by us so far and details of this project.
4. Consent letter from Mr. Venkatarma Gounder to offer pesonal guarantee
5. Details of house property at 7, Vaidyanathan Street, Saradha Nagar, Salem valued at Rs.3 crore for offering as security.
As stated above we are offering property worth Rs.3 crore as security for the above overdraft and we request you to sanction the limit to us early. We hope this project to be completed in 2/3 years from date.
We are sure you will consider our application favourably and accord sanction early.
Thanking you,
Yours faithfully
(Gangadharan K.)
Director
KUMARESH CONSTRUCTIONS
25, KOTTAI MARI AMMAN KOVIL STREET
SALEM, 6360001
Ref. Philbank/234/2011 Date: August 9, 2011
The Manager
Phil .. Bank
Arunachalam Street
Salem
Dear Sir,
Sub: Request for Secured Overdraft limit of Rs. One crore
**************
We have our current account in your bank for the last five years. We are engaged in construction business and are having a turn over of over Rs.ten crore in our account during the last financial year.
Oursis a private limited company incorporated in 2007. We are constructing small houses costing around Rs. 20 lakhs each and are selling to government employees, public sector employees.
We have taken up a project near Attayampatti. We have entered into agreement with the owners of the land for offering the site to us for construction of houses to be sold to others and to pay them amounts as and when the proposed houses are sold.
We are enclosing the following documents:
1. Company's Balance sheet for the year ending March 2008, March 2009, March 2010 and March 2011.
2. Income Tax assessment orders for the year ending March 2008, March 2009 and March 2010. Assessment for the year ending March 2011 is awaited.
3. Project report giving details of projects completed by us so far and details of this project.
4. Consent letter from Mr. Venkatarma Gounder to offer pesonal guarantee
5. Details of house property at 7, Vaidyanathan Street, Saradha Nagar, Salem valued at Rs.3 crore for offering as security.
As stated above we are offering property worth Rs.3 crore as security for the above overdraft and we request you to sanction the limit to us early. We hope this project to be completed in 2/3 years from date.
We are sure you will consider our application favourably and accord sanction early.
Thanking you,
Yours faithfully
(Gangadharan K.)
Director
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