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Prudential Regulations Declaration for LC Facility

The document is a letter from Shahzeb Pharmaceuticals Industries Limited to Bankislami Pakistan Ltd requesting a LC Import facility of PKR 40 million. The proposed security includes a joint pari passu charge over PKR 53.34 million of the company's present and future fixed assets with a 25% margin, lien over import documents, and personal guarantees of all company directors. The company also declares that it has not availed any clean facilities from other banks/DFIs and its accumulated clean exposure is at a nil level in compliance with SBP Prudential Regulations.

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3 views1 page

Prudential Regulations Declaration for LC Facility

The document is a letter from Shahzeb Pharmaceuticals Industries Limited to Bankislami Pakistan Ltd requesting a LC Import facility of PKR 40 million. The proposed security includes a joint pari passu charge over PKR 53.34 million of the company's present and future fixed assets with a 25% margin, lien over import documents, and personal guarantees of all company directors. The company also declares that it has not availed any clean facilities from other banks/DFIs and its accumulated clean exposure is at a nil level in compliance with SBP Prudential Regulations.

Uploaded by

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

Date:______________

The Manager
Bankislami Pakistan Ltd
Akbar Chowk Branch
Lahore

Dear Sir,

DECLARATION UNDER PRUDENTIAL REGULATIONS

With reference to our Requested limit Detailed Below:

Serial # Requested Facility: Amount of Facility: Proposed Security:


1 LC Import (Sight & 40.00 M 1 – Joint pari passu charge over present and future
D/A) Fixed assets of the company of PKR 53.34 Million
(with 25% margin of finance facility)
2 – Lien of over import documents
3 – Personal guarantees of all directors of the company

It is to confirm that we have not availed clean facilities from any other bank/DFI and we ensure that
the accumulated clean exposure of banks / DFIs does not exceed the prescribed limit and is presently
at NIL Level.

We further undertake to maintain the above confirmations given by us, so that S.B.P. Prudential
Regulations stand complied with all the time during our facilities from Bank Islami Pakistan Ltd.

We would also like to confirm that the above declarations are correct and are in conformity with the
Books of Accounts maintained by us / our Company.

Yours Faithfully,

Authorized Signatory
On Behalf of Shahzeb Pharmaceuticals Industries Limited

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