Date:23-Jun-2024
The Manager,
Dubai Islamic Bank Ltd,
Gulberg Br.
Lahore.
SUB: REQUEST FOR RUNNING FINANCE.
Dear Sir,
We are pleased to introduce ourselves as one of the leading printers, manufacturers and material suppliers of all kinds of packaging material i.e. cartons, labels, leaflets, broachers & stationery etc. Now currently we are going to expand our business because we have a vast scope in our field, and we have offers from different multinational companies to meet their demands. Along with the offers, we have also the capacity to fulfil the heavy orders. We are equipped with automatic modern machinery the detail is found in our profile, which we present with the letter.
Currently, we are availing limits from Punjab & Atlas bank. Facility offer letters are also along with letter. The copy of those advices is attached with this letter. We have already received offers from different financial institutions. We request you to sanction the following limits with minimum rate of kibor & 2 % rate of interest.
1-Running Finance Rs 5.00 million (Rs. Five million)
2-L/C (sight) & FATR Rs 3.00 million (Rs. Three million)
We will use one of them at a time.
Last year, we have imported the following L/C’s.
| L/C | Value F/C | Rate | Value PKR |
| U.V. |
1,500 |
60.73 |
412,918 |
| U.V. |
1,530 |
60.73 |
482,429 |
| COATED DUPLEX BOARD |
36,407 |
60.75 |
3,996,168 |
| COATED PAPER IN ROLLS |
23,491 |
62.78 |
2,457,916 |
| U.V. |
1,500 |
62.95 |
441,800 |
| INVERCOATE |
16,087 |
62.95 |
1,797,614 |
| COATED DUPLEX BOARD |
12,103 |
62.6 |
1,878,473 |
| COATED DUPLEX BOARD |
42,000 |
67.70 |
4,421,505 |
| COATED DUPLEX BOARD |
42,000 |
69 |
2,898,000 |
| COATED DUPLEX BOARD |
42,000 |
69 |
2,898,000 |
| TOTAL |
155,690 |
|
21,684,823 |
3-Export Rs 1.00 million (Rs. One million)
Now we are going to open our office in BAHRAIN for export of all kinds of packaging material in the Middle East. Survey is already done. We have also exported some quantity in Ajman (Dubai) through Atlas bank, which detail is as follows.
| Export | Value | Rate | Value PKR |
| F/C | |||
| Printing Material Label, Cloth etc |
4,122.69 |
60.70 |
250,247 |
| Printing Material Label, Cloth etc |
4517.90 |
60.70 |
274,236 |
| TOTAL |
8,640.59 |
|
524,483 |
So you can examine that our position is solid, and we have sufficient security as mortgage to the running finance. We shall be very thankful to you for your kind cooperation.
For
Lahore Printers
