Request a loan form paranmt company - letter

29^th November, 2010

Mr. _______ Jayathilaka

Chief Operation Officer

______ Land and Load PLC

253/12, 2^rd floor

_____ _____l Mawatha

Colombo-02

Dear Sir,

Request a Rs. 50M Loan for --------- -------- Management (Pvt) LTD

We have sent this letter to you in order to explain our reasons behind requesting a loan for alteration and beautification Project Of --------- -------- Management (Pvt) LTD

Up to now, we have spend the following expenses and partially completed the Ceiling and Tilling works

Ceiling works

Building Service _____ & Co 

- 05/10/2010                                          -  Rs.  4,071,110.30

- 09/11/2010                                          -  Rs.  6,129,922.38

-Fire Detection System (18/10/2010)      - Rs.   1,598,970.88

                                                                                       - Rs. 11,800,003.56

Tilling work

Tiles Import and LC Charges                                           - Rs.  1,108,399.86

Design One                                                                     - Rs.  7,276,760.00

Total                                                                               - Rs.20,185,163.42

Further more,  we will have to pay several advance payments before this “X-Mas’’ to contactors in addition to the day to day expenses and seasonal promotion of _ _ _ Management (Pvt) Ltd.

Further, At this point it is difficult to manage the company due to the unavailability of funds.

Therefore, we need to obtained Rs. 50M loan from ______ Land and Load PLC for complete the same projects with immediate effect.  Further, we have planned to repay the same loan with in 5 years time.

Thanking You

Yours Faithfully

……………………………

K Kariyakarawana De Silva

(Accountant)

--------- -------- Management (Pvt) LTD