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BML LC Enhancement

The document is a request letter from PRAN Agro Limited to Dutch Bangla Bank Limited asking to enhance their LC limit to BDT 50 Crore and LTR limit to BDT 35 Crore due to increasing demand. It provides the current and requested facility amounts and mentions undated security cheques and personal guarantees of directors as security.

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Zahed Ibrahim
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41 views1 page

BML LC Enhancement

The document is a request letter from PRAN Agro Limited to Dutch Bangla Bank Limited asking to enhance their LC limit to BDT 50 Crore and LTR limit to BDT 35 Crore due to increasing demand. It provides the current and requested facility amounts and mentions undated security cheques and personal guarantees of directors as security.

Uploaded by

Zahed Ibrahim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Date: December 19, 2019

To
The head of Cluster-2
Corporate Business Division
Dutch Bangla Bank Limited
Head Office
Motijheel, Dhaka

Subject: Request for an enhancement of LC limit amounting BDT 50.00 Crore and LTR limit
amounting BDT 35.00 Crore , A/C–PRAN Agro Limited

Dear Sir,
It is our pleasure to give thanks to Dutch Bangla Bank Limited for their excellent effort and dedicated
services. We feel fortunate to get such a leading and prestigious Bank like you as our development
partner.
We are one of the leading companies for producing & packaging qualified Agro products. A large
potential export market as well as local market are waiting for these kinds of products. Currently we
are enjoying a LC limit of BDT 10.00 Crore along with an inner LTR limit of BDT 5.00 Crore.
However, in order to meet the increasing demand and capture more market share, business requires an
enhancement of LC (Raw material) limit of BDT 50.00 Crore and inner LTR limit of BDT 35.00
Crore from existing limits.

Facility Amount in BDT Security


LC 50.00 Crore  Undated Security
LTR (inner of LC) 35.00 Crore cheques
 Personal Guarantee of
directors

Therefore, on the basis of our proven creditworthiness and long lasting relationship with you, it’s our
utmost request to please take necessary steps for the above noted facility as requested.

We are looking forward to our mutual beneficial relationship strengthen more in coming days.

Yours truly,

Uzma Chowdhury, CPA


Director

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