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Credit Application Form

The document is a credit application form that collects essential company information, including business profile, bank references, and trade references. It outlines the terms of credit, including the required credit amount and period, as well as the applicant's undertakings regarding the accuracy of information and payment obligations. The form also includes sections for internal recommendations and approvals by the sales and finance departments.

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navinkani
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33 views1 page

Credit Application Form

The document is a credit application form that collects essential company information, including business profile, bank references, and trade references. It outlines the terms of credit, including the required credit amount and period, as well as the applicant's undertakings regarding the accuracy of information and payment obligations. The form also includes sections for internal recommendations and approvals by the sales and finance departments.

Uploaded by

navinkani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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CREDIT APPLICATION FORM

Part I
COMPANY'S PROFILE

Company Name Registration No


Business Address Phone
Fax
Type of Business Limited Co Partnership Sole Proprietor Listed Co
Business Activities

Authorised Officer Designation


Major Shareholders
Individual / Organisation % shareholdings

Bankers
Name Account Number Address

Trade Reference (preferably hotels & suppliers)


Name Type of Supplies Contact Person Contact No

Attachments (Circle whichever applicable)


Compay registration certificate Y/N
Latest Annual Tax Return, Annual Report, Financial Statements Y/N
Register of Directors and Shareholders Y/N
Credit History/Ratings Report from Credit Bureau Y/N
Others (specify) Y/N

Part II
Terms of Credit
Credit Amount Required: Credit Period Required:
Properties Applicable :

Undertaking by Applicant
1. We hereby confirm that the information contained in this application is true. We hereby undertake to provide additional information / documents if so required.
2. We hereby agree to adhere strictly to the terms of business as stated above and undertake to pay the accounts due within the specified period.
3. We hereby acknowledge that any overdue and outstanding amounts not paid will be subject to late payment charges at two (2)* percent compounded interest
each month until full settlement.
4. We hereby authorise the above mentioned properties to obtain banker's reference in respect of the conduct of our account
5. We hereby further agree that all cost incurred by the Company in recovering the debts owing by us will be fully borne and payable by us.
6. We understand that the approval or rejection of this application is the sole discretion of the above mentioned properties.

COMPANY STAMP / SEAL

Authorised Signatory Authorised Signatory

Name:……………………………… Name:………………………………
Position:…………………………… Position:……………………………
Date:………………………………. Date:……………………………….

Part III
For Office Use
Recommendation of Sales Department: Finance Department:

Credit Approved
Credit Reject
Credit Approved with Conditions

Approved Credit Amount: ___________


Credit Period:_______ days

Recommended by /Date Reviewed by / Date Approved by / Date

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