Letter Enquiring into The Credit Application :
XXXXX BUSINESS NAMEDoor Number and Street Name,
Town Name - Postal Code,
PHONE : 0000-00000
FAX : 0000-00000
5th November - 2008
Reference No. : MMM / KOLK / 90099
The Chief Accounts Officer,
Max Petroleum Products Ltd.,
Kannur- 670 001,
This is to introduce ourselves to you and also to seek your assistance for a small piece of information.
Messrs Arti Chemicals - Hyderabad has approached us to avail loan. And they had quoted your company in the reference column stating that they were doing business with you for nearly two years.
Before we proceed ahead, we wish to seek your comment about the financial standing of this company and their dealings with you so far. These will be treated strictly confidential.
Similarly, if at any time you feel that we can be of service to you, please do write to us. We shall feel glad to be a part with any information about any customers of ours who approach you with a purpose.
Regards & Thanks.
Manager : Credit Department
Note : when a prospective customer mentions in the Reference column the name of an establishment, do not hesitate to enquire with them. Check for the following aspects: background and his/their Capital, Reputation, Character, Location, Ability to survive in the competitive environment Labour problems, Share market value for the last one year, etc. only after ensuring all these points, proceed ahead. Never leave a stone unturned. Previous two letters highlight positive and negative comments about the borrower.
Letter Enquiring into The Credit Application
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