Application Letter For Cash Credit Loan in Word Format

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APPLICATION FOR ACCOMMODATION

STATE BANK OF INDIA
HEAD OFFICE : BANDRA KURLA COMPLEX.
Mumbai – 400051
To,                                                                                                       15th February, 2017.
The Agent,
STATE BANK OF INDIA
Duncon Street Branch

Dear Sir,

We beg to apply for a Loan/Cash Credit accommodation against securities and under terms and conditions as mentioned below.  We also give the required particulars about ourselves to enable you to arrived at your decision.

1                    Applicant’s Name full – M/S SRIPATI TRADERS (P)  LTD.

2                    * Constitution of the applicant.- PRIVATE LIMITED COMPANY
Directors
1.      Mr. R.C. PUJARA
2.      Mr. S.K.ROY

Head Office –         1. AZAD ROAD, 9TH FLOOR,  Mumbai-400011

3                                                                                                                          (a)  Nature of business carried on – TRADING IN KNITTED COTTON        GARMENTS, FABRICS, ETC.

(b) Place of business – Regd. Office : 1. AZAD ROAD, 9TH FLOOR,          Mumbai-400011                                                             


(c)  Estd—   1996

4                    Statement of financial position as on 31.03.2002
LIABILITIES                                                         ASSETS                                      Rs. Lacs
Capital
12.00
Land & Building

Nil

Trade Creditors
4.81
Plant & Machinery
Nil
Other Creditors
0.69
Stock-in-Trade

Nil

Bank Credit
0.00
Sundry Debtors
Nil
Long Term Loan
0.00
Unquoted Investment
82.08
Surplus
88.01
Cash-in-hand & in Bank
      13.02
Others
             0.00
Advances
10.41


Others
0.00
Total
105.51

105.51
     
5                    Nature of facility required and terms offered
(i)   Nature of charge: 1st charge on current assets                      
(ii)     Limit  - LC Limit of Rs. 75 lacs        
(iii)    Margin –5%
(iv)   Interest – As per Fedai/ SBI guidelines applicable
(v)     Commission – As applicable
(vi)  Other charges- As applicable

The goods are stored in the godown rented by the Company.

6                    Particulars of Securities offered :

a.   Primary:          First charge on the current assets of the company both 
                                present and  future

b.  Additional :     Equitable Mortgage of land measuring 5 cotta situated
at Bonchtolla, Tiljala, Mumbai valuing at Rs. 50 Lacs, belonging to Puspa Traders (P) Ltd. 
                               

7                    Purpose of accommodation –  To finance purchase of materials by the
       company.

8                    How proposed to be repaid and period
For which accommodation is required

Letter of Credit will be liquidated against realization of bill

      9    (a)  any accommodation, whether under Loan,
Cash Credit, Overdraft or Bills discounting
enjoyed  at this Branch or any other branch             NOT APPLICABLE
of the Bank (State particulars of arrangement,
giving amount of present indebtedness with
securities held there against.)
            (b) State particulars of any account and/or
                  arrangement for accommodation with other             NOT APPLICABLE
                  Bank (s).

    10    (a) Name of the guarantor (s) if any –                                        NOT APPLICABLE
(b) The guarantor (s) occupation, address, and worth.   
 
(c)    Name and address of his/their Bankers –   
                                                                                                                        Rs./Lacs



2000
2001
2002
11
Sales, Gross Income, Net Income Import & Export (if any) for last   Three years.
Sales
Gross Income
Net Income
(Interest)
Export
Import
126.78
0.20
0.20
Nil
Nil
Nil
642.45
0.45
0.45
Nil
Nil
Nil
70.00
0.50
0.50
Nil
Nil
12
Income-tax, Super Profit tax, Wealth Tax assessed and or paid for the last  Three years.
Income Tax and other taxes assessed
Income Tax and otherTaxes paid
0.08

0.08
0.18

0.18
0.18

0.18
13
Other particulars, if any, which the Applicant wishes to give- (Mention particularly if Import/Export   bills are paced with the Bank and letters Credit opened through this Bank. Mention            also  particulars  of  personal  Assets outside the business in a separate Sheet, if necessary)

 

 

 

 

NIL





NIL




NIL




NIL

I/We hereby declare that I / We have read the rules below and that the answers given above are true and I / We hold myself/ourselves personally liable if any of the above information is found to be incorrect later. I/We declare the no part of the advance will be utilized for speculative and/or anti-social purpose.
                                                              For SRIPATI TRADERS (P) LTD.


Authorised Signatory
Date



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