Letter for request of loan

30th September 2012,

Mr. Rajesh Nandan,

Branch Manager,

Indian Overseas Bank,

Chennai-62001.

SUBJECT: Application of loan for buying property

Sir,

I wish to apply for a loan of Rs.2500000 for purchase of  ownership flat for use and occupation by me and by my family.

I have been a  faithful client of your bank for the past 7 years.There has never been any overdraft against my account and there is always a good balance in my savings account.

For this loan purpose I will  abide by all the terms and conditions, as may be advised by the bank and I have attached all the required documents with the view to create the necessary security in bank's favor.

Please contact me if you need further information to assist you in making the approval to my request.

Thanking you,

Yours truly,

Gokula Krishnan.C,

A/c no: ab9673158

Ph. no: 9788349607

Mail: c.gokulmech@gmail.com

Letter for Request of Loan

30^th September, 2012.

Mr Amar Singh,

Branch Manager,

State Bank of India,

Mumbai- 400403.

SUBJECT: Application of loan for buying property.

Sir,

     I have been a patron of your bank, SBI with a saving account for last 10 years. My salary is also banked at your bank at every month end & there is always a good balance in my savings account.

As such I am writing you to request a loan of Rs. 2500000 for my recent purchase of a new property. I have attached the necessary loan documents & forms as per your bank regulations.

    Please contact me if you need any further information to assist you in making the approval to my request. Your prompt approval response would be appreciated.

Thanking you,

Yours faithfully,

R.S.Rajalakshmi,

A/c no: w234789,

Ph. no: 8675887790
Address : 22/6, Lane 34,
Maria Nagar,
Mumbai- 400406

Mail: rajalakshmi005@gmail.com

letter of apology

APPLE FURNITURE PVT.  LTD.

30^th September 2012,

Ms Anjali Sharma,

22/6, Narayana,

Delhi Cantt- 110010.

Dear Ms Anjali,

       Please accept this letter as our formal apology for the inconvenience caused as we failed to deliver you the right quality of our product.

       We are a company with a solid reputation for quality. Yet, we are embarrassed that we delivered a damaged piece of furniture that’s of no use to you. You’ll receive a new chair within two business days. RRR parcel service will deliver the consignment and pick up the defective chair at no cost to you. Because we value your relationship with APPLE FURNITURE, we will provide you with 10% discount for the same order. It is the least we could do for causing you any inconvenience.

      If we can be of further help, please do not hesitate to contact us directly at 201-6789123. It’s a humble request that you accept our apology and forgive us for all that has gone wrong.

Thanking You,
Yours Sincerely,

R.S.Rajalakshmi,

Chief Marketing Officer,

Apple Furniture Pvt. Ltd.
Delhi- 110034.

Letter Of Apology

 LUKOG COURIERS

30 September 2012,
Mr. Karthik Shivakumar,
Premier Mills,
Coimbatore- 641026.

Dear Mr.Karthik,
I Gokula Krishnan.C-Customer Relation Manager On behalf of my company Lukog  Couriers  sincerely apologies to you with respect to the issue of property damage during the service we provided you.
At Lukog Couriers, we are very serious about customer satisfaction and we are highly disappointed with the service we have provided you.Although, the company's norms say that the company does not take any responsibility for the damage caused during delivery.with long consideration to your case, we have decided to take  responsibility and repair your damaged product.

I hope you will accept our apology and continue to use our services.it is the least we could do for your inconvenience.

If you have any further questions regarding this issue, please feel free to discuss us at 108-9673158

Thanking You,

Yours in service

Gokula Krishnan.C
Customer Relation Manager

Lukog Couriers, Coimbatore

GOLD IS GLITTERING IN DIWALI!!!

          With Diwali and Dhanteras round the corner, gold buying is experiencing its seasonal spurt. From gold coins, gold jewellery , people in India are predictably flocking to gold in this festive season. Bookings for gold jewellery and coins have picked up.
           In the run-up to Diwali, gold prices are expected to trade in the Rs 30,000-31,500 range following volatility in the price of the yellow metal in international markets and the fluctuation in rupee.

           India is the biggest Gold loving nation with the highest consumption rates of gold. Greater China after India is also contributing huge to the graph of growth in gold rates and market strategies. According to the World Gold Council Gold demand fell to its lowest level in more than two years in the second quarter. Buying gold during festivals is considered auspicious in the country. Thats why there is always a hike in the prices of the gold during festival time as the business increases.
           But of recently the trends are changing. Corporate gifting of gold and silver coins during this Diwali is on decline. Jewellers who had placed orders during the India International Jewellery Week (IIJW) last month are holding back physical delivery of gold. There is some reluctance among jewellers to create an inventory for the festive and wedding season. The shift away from gold and silver gifts is also being spurred by a younger generation that is more enthused by luxury goods. 
           Ruling high prices, weak monsoon, macroeconomic uncertainty and high inflation, which has reduced the disposable surplus income of the middle class, have hit demand for gold, which could drag down the country's imports to around 700 tonnes.It looks like there may be a pick up in demand, but compared to last year it will still be lower by up to 50 percent.
          

Why gold is dearer..

What factors influence the price of Gold:

 

1. Changes in exchange rate: A weaker U.S. dollar exchange rate is usually encouraging the increase in world gold prices. This is because investors choose to sell their dollar and then buy the gold with the hope that gold can protect the value of their assets.

2. World political situation: Increase of gold price in the end of 2002 and early 2003 occurred as a result of the attack to Iraq by the U.S.

3. Supply and demand: Due to by mining companies (happened in mid 1980's) and also many times due to the central banks decision put on European countries to reduce their gold reserves due to implementation plan of euro currency.

4. The global economic situation: Approximately 80 percent of the total supply of gold has been used by jewelry industry. Jewelry consumption is a major influence on the demand side. As economic conditions improved, the need for gold tend to rise. However, the most sensitive industry to be influenced deeply is jewelry industry.

5. Interest rate: When interest rate rise, peoples tend to keep money on deposit better than gold which does not earn interest (non interest-bearing). This will cause pressure on the price of gold. Conversely, when interest rate fall down, the price of gold will likely rise.

source of information : http://wiki.answers.com

GO FOR GOLD!!!!

     Gold is one of the chemical elements & its chief characteristics are that it is inert and malleable. Inert means gold does not interact with other chemicals or compounds. Gold doesn't tarnish and even the strongest acids have no effect. Thus, gold lasts forever - and stays shiny the whole time!

Gold has many industrial uses, but its main historical uses have been for jewellery and money - both are a store of value. Gold has been used as a store of value for at least 5000 years.

Gold has been called a "barometer of fear." When people are anxious about the economy - they turn to gold and bid the price up. Gold has the remarkable ability to store value in both deflationary and inflationary times.

The correct way to think about owning gold is as insurance because it is a store of value virtually independent of economic conditions. Unlike shares of a company or government bonds - gold will always retain value. Gold's most important use is insurance against the paper (fiat) currency of the country you live in. Almost every country has had at least one major "currency crisis" over the last one hundred years. Those that had some of their wealth in gold survived. Unfortunately many people saw their saving become worthless - sometimes in a matter of days.

Do not worry about selling gold when that time comes. Gold is recognized and valued everywhere in the world. It is easier to sell gold than to buy gold! Of course gold can be used in barter or trade as it has for thousands of years.

To summarize, gold is an insurance policy against economic uncertainty. Gold can protect against both deflation and inflation. Everyone should store some of their wealth in gold if at all possible.