Company Social Responsibility Accounting
P. U. BOX 307, ARUSHA. Mobile phone: 0753347090. Particular date: 10 - 05 – 2011.
THE BRANCH MANAGER.
NATIONAL TRADITIONAL BANK OF COMERCE (NBC),
S. O. PACKAGE 112,
REF: SOFTWARE FOR FINANCIAL LOAN FACILITY OF TSHS. 90, 000, 1000
(ONE 100 MILLIONS TZS ONLY)
I implore you to refer the heading above.
I hereby present my own application pertaining to loan facility of one hundred million Tanzania shillings (TSHS. 100, 000, 000) that tenor can be projected being two years subsequent approval.
I actually am dealing with hotel services or procedures under the business name of SARAFINA LODGE since January 2008 although officially listed under business name limit 212 upon March, 08.
Due to increase in number of vacationers, I have decided to expand the hotel intended for satisfying the bigger number of buyers. Hence Need to raise the extra working capital to be able to expand how big is the lodge.
On implementing my prepare; I demand your bank a loan of TSHS. 100, 000, 000/= of which pay off ability is projected to twenty four months following authorization.
If my own application will probably be successively regarded; I will promise, give your word my legal owned Sarafina Hotel function as collateral secureness against this program.
Precisely consider my demand,
1 ) BUSINESS ACCOUNT.
Sarafina is known as a Hotel proven in January 2008 largely specialized in provision of motel services. This deals with the provisions of food stuffs and protection for travelers both from the inside and outside the region. It also gives tour guide service to the tourists using the motel vehicles as a means of travel to the National Parks like Ngorongoro, Manyara and Serengeti.
2 . 0BUSINESS OWNERSHIP.
The organization is possessed by Miss SARAFINA, is it doesn't private organization and not general public one that is why it does not concern shares, the entire capital in the business comes from the customer's pockets. Therefore she enjoys the profit and bear loss from the business operation. The company also possesses land and building having a current revalued amount of TSHS. two hundred, 000, 000; furniture of about TSHS. 40, 000, 500 and four vehicles which values TSHS. 170, 1000, 000 each.
3. 0BUSINESS MISSION, EYESIGHT AND AIMS
To be among the list of leading travel and leisure hotels in Tanzania.
Being the primary hotel service agency in Tanzania through supply of unique quality services with good security, job of professional staff, and conducive environment for travelers and employees to enjoy.
three or more. 3OBJECTIVES.
-The owner in the business aims at expanding providers by starting new twigs in various National Parks. -To increase customers royalty through quality services and reliability.
4. 0TECHNICAL ASPECTS OF THE COMPANY.
The business everlasting office is situated at KIJENGE Street, Uhuru road in Arusha City.
5. 0BUSINESS PERFOMANCE.
-The historical economic performance for the past two years displays the great economic efficiency as illustrated bellow;
|DETAILS |YEAR 2009 |YEAR 2010 | | |TSHS |TSHS | |Annual Revenue |1, 220, 500, 000 |1, 800, 1000, 000 | |Gross Earnings |660, 1000, 000 |1, 040, 1000, 000 | |Net Profit...