From
(Company Name)
(Address)
(Date)
To
(Company Name)
(Address)
(Date)
Dear (Name),
ADVERTISEMENTS:
We have now completed our detailed enquiry about the company referred to in your letter of ____________ (Date) and regret to inform you in strict confidence that you must exercise utmost caution in granting charge account and credit facilities. Through our thorough enquiries we have come to know that most of the suppliers deliver goods to them on cash basis only. One of the suppliers to this company had a lot of problem in recovering their dues last year and so ultimately they had to resort to legal remedies.
On the basis of our enquiry we are sorry to state that these days their creditworthiness is under cloud and cannot be recommended because their obligations are too heavy.
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ADVERTISEMENTS:
Yours faithfully,
(Your Name)
(Company Name)