Letter of Report on Heavy Book Debts :
ABC LIMITED191 / N - Patricia Avenue
Liverpool – 600 020
Phone : 0011 - XXXXXXXX
Fax : 0011 - XXXXXXXX
May 5 - 2009
In accordance with your instructions given to me in the last meeting of the Board, I have looked into the causes of heavy accumulation of debts of the Company and come to the conclusion that most of our customers are hard-pressed as a result of increase in the cost of living, though they are good pay – masters. I have no doubt in my mind that rise in the debts can be attributed to general conditions of economic hardships of the class of customers we have and it is not the result of any defective policy of the company.
I have personally met a number of customers, including foreign travellers, and I am led to believe that any curtailment in the credit facilities will give a serious set – back to the business of the Company. It cannot be denied that our competitors are offering no less liberal terms of credit.
However, I am convinced that the difficulties of our customers are of a short duration which should not warrant any room for pessimism.
For ABC LIMITED
(V. RAJAN PETER)
Letter of Report on Heavy Book Debts
to HOME PAGE