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    Letter Adhoc

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    sidh_1555
    The document is a letter from Vishwah Tubes India Limited to the Branch Head of State Bank of Patiala requesting an increase in their ad hoc credit limit. Vishwah Tubes thanks the bank for previously increasing their credit limit and provides their sales projections and actual sales figures for the current and next fiscal years. They inform the bank that they have additional orders worth Rs. 275 lakhs to fulfill in March and April that are above their regular turnover. Therefore, they request the bank sanction an additional ad hoc credit limit of Rs. 150 lakhs for 2 months to help fulfill these extra orders.

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    Letter Adhoc

    Uploaded by

    sidh_1555
    13K views1 page
    The document is a letter from Vishwah Tubes India Limited to the Branch Head of State Bank of Patiala requesting an increase in their ad hoc credit limit. Vishwah Tubes thanks the bank for previously increasing their credit limit and provides their sales projections and actual sales figures for the current and next fiscal years. They inform the bank that they have additional orders worth Rs. 275 lakhs to fulfill in March and April that are above their regular turnover. Therefore, they request the bank sanction an additional ad hoc credit limit of Rs. 150 lakhs for 2 months to help fulfill these extra orders.

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    The document is a letter from Vishwah Tubes India Limited to the Branch Head of State Bank of Patiala requesting an increase in their ad hoc credit limit. Vishwah Tubes thanks the bank for previously increasing their credit limit and provides their sales projections and actual sales figures for the current and next fiscal years. They inform the bank that they have additional orders worth Rs. 275 lakhs to fulfill in March and April that are above their regular turnover. Therefore, they request the bank sanction an additional ad hoc credit limit of Rs. 150 lakhs for 2 months to help fulfill these extra orders.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    13K views1 page

    Letter Adhoc

    Uploaded by

    sidh_1555
    The document is a letter from Vishwah Tubes India Limited to the Branch Head of State Bank of Patiala requesting an increase in their ad hoc credit limit. Vishwah Tubes thanks the bank for previously increasing their credit limit and provides their sales projections and actual sales figures for the current and next fiscal years. They inform the bank that they have additional orders worth Rs. 275 lakhs to fulfill in March and April that are above their regular turnover. Therefore, they request the bank sanction an additional ad hoc credit limit of Rs. 150 lakhs for 2 months to help fulfill these extra orders.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    Date 08.03.

    2011 To Branch Head State Bank of Patiala Sector 26, Chandigarh Reg : Sanction of Ad hoc Limit R/Sir, We would like to thank you for sanction of enhancement in credit facilities from Rs 700.00 Lacs to Rs 1000.00 Lacs. Our Sales projections for the FY 2010-11 & FY 2011-12 are Rs 4505.50 Lacs & Rs 5203.00 Lacs respectively. Against projections of Rs 4505.50 Lacs we have already made sales of Rs 4723.22 Lacs and our sales target for FY 2010-11 is now Rs 5500.00 Lacs. We have good market in domestic and global market. Both are doing well. Now we have additional orders of approx 650.00 Mt at very goods margins details are as follow : New Hope OD Steel Company Ltd Belt General Business PLC Hosea Trading House PLC YBM Multi Trade PLC US$ US$ US$ US$ 172083 80160 174420 185196 611859 (i.e. equivalent to Rs 275.00 Lacs )

    Total US$ (Copy of these orders are enclosed ).

    Since these are over and above the routine turnover and to be executed in March & April. Hence we request you to kindly allow us the Ad Hoc Limit of Rs 150.00 Lacs for 2 months. Kindly allow us the same. Thanking You Regards FOR VISHWAS TUBES INDIA LIMITED

    DIRECTOR Enclosed : a.a.

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