Oct 11,1999
The Manager
Bank Alflah.,
L.D.APlaza
Lahore.
SUBJECT : EXPORT REFINANCE FACILITY
Dear Sir,
We are operating a stitching unit of knitted garments since January 1997.and whole production is exported .Our export performance for years ending June 1997 ,1998 and 19999 was as follows
1996-97 12,085,854
1997-98 21,784,607
1998-99 49,956,554
Your good self will observe from the above that our quantum of business is rapidly increasing. We expect that by the end of the next year the total exports will cross the figure of Rs.100 Million.
We are enclosing copies of audited accounts for the last two years. The enclosed accounts reveal that we will not be able to achieve the above figure without your assistance
In the light of above we request your good self to kindly extend export refinance facility to the tune of Rs.9.300 Million.
Collateral shall be provided on demand.
Thanking you.
Yours truly,
For STAR TEXTILES (PVT) LIMITED
AWAIS AHMAD
(CHIEF EXECUTIVE)
