Letter Withdrawing Credit

Letter Withdrawing Credit :

National Limited

191 / N - Patricia Avenue
Liverpool – 600 020
Phone : 0011 - XXXXXXXX
Fax : 0011 - XXXXXXXX

Your ref : VGT / 0091

Our Ref : SAL / 6 / 1425

6 March - 19XX

To :

Mr. Paul Lee,
Syarikat Perniagaan Mapu,
832 Jalan Tengah,
43000 Kajang,

Dear Mr. Lee,


The past twelve months saw a drastic deterioration in your payments. Your credit limit was exceeded on five different occasions despite our protests. Now your debit balance stands at Rs. 6,344.90 which is again above your credit limit.

So, at the last meeting, the Board has decided to withdraw the credit facility that was given to you some eighteen months back. Thus from today all your orders will be handled strictly on a cash basis. Payment must be made first before delivery of goods.

In addition, your outstanding balance of Rs. 6,344.90 must be settled first before we can process any new order.

Thank You.

Michall Chong

Finance Manager

MC : wsk

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