Letter To Bank for Over-Draft :
ABC LIMITED191 / N - Patricia Avenue
Liverpool – 600 020
Phone : 0011 - XXXXXXXX
Fax : 0011 - XXXXXXXX
3rd February 2000
Bank of Baroda,
326 / H - Raman Nair Street,
Maalyvalley – 682 016.
I have been directed by the Board of Directors to enquire whether the Bank will allow the Company an overdraft not exceeding Rs. two lakhs for a period of 5 months.
The overdraft is required to finance a valuable contract that the Company has secured for supply of vehicles to the Delhi Administration.
The Directors suggest a floating charge over the Company’s assets and undertaking as security for the overdraft. The Board will, accordingly, pass a Resolution authorising the borrowing and the creation and the execution of the charge.
I am enclosing a copy of the company’s Balance Sheet and I shall be glad to furnish you with any information that you may like to seek.
For ABC LIMITED
(V. RAJAN PETER)
Letter To Bank for Over-Draft
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