Negative Response About A Credit Seeker :
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
Mr. R. Vinodh,
Manager- Credit Dept.,
Hyderabad- 500 016.
Dear Mr. Vinodh,
This refer to your letter dated 3rd November - 2008.
The company mentioned vide your above quoted letter had no dealings with us in the recent months. About a couple of years ago when they had approached us to purchase our products on credit basis, we probed and found that their credit rating was fair and there was an assured business growth. Hence, we allowed them to purchase on loan basis valued Rs. 5,00,000.
Few months later, they once again requested on the same line for Rs. 12,00,000. This time our probing revealed some setbacks with them and hence we had to refuse loan purchase.
Thereafter we twice got an order from them. As their mode of payment did not comply with our policy, we could not oblige them. That’s it please.
We trust and thank you, hoping that our open expression will be kept confidential.
We feel glad to be little service to you in this regard.
Chief Accounts Officer
Negative Response About A Credit Seeker
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