Prepare a feasibility report on any industry seeking bank loan of Taka one crore.
Posted by Ripon Abu Hasnat on Wednesday, May 28, 2014 | 0 comments
Our Ref: Feasibility/Rahim Glass/03/12
Saturday, May 09, 2012
The General Manager
Operation Wing
Dhaka Bank
Head Office
Motijheel, Dhaka
1000
Feasibility on Rahim Glass seeking working capital of Taka one crore
Rahim Glass is the oldest factory in Chittagong manufacturing different kinds of glasses for the last 34 years. They have been maintaining a current account with us for the last threeyears though their main bank is Sonali Bank wherefrom they had availed of a project loan of Taka 25 crore about five years back.
Their project loan
with Sonali Bank is going to be adjusted within this year. For our good
relationship with Rahim Glass they have sought Taka One crore as working
capital for a new factory they have recently set up to manufacture bottles for
pharmaceutical companies.
The yearly turnover
of the group of their industries is more than Taka 200 crore and they have
never defaulted with any bank. Besides machinery, which would be hypothecated
by us, they would offer additional collateral security worth Taka 5 crore to
cover the loan for their proposed working capital.
Considering their
business background and reputation, the undersigned highly recommends for
sanctioning Taka one crore for Rahim Glass as short-term renewable working
capita loan in the form of Cash Credit.
For his kind approval, please.
M
Vice President and Manager
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