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Sumu Business Services

CREDIT APPLICATION

COMPANY DETAILS
COMPANY NAME: CONTACT PERSON:
P.O.BOX NO: COUNTRY
PHYSICAL LOCATION

TELEPHONE NO: FAX NO:


EMAIL ADDRESS: WEB SITE:

SPONSOR DETAILS
NAME OF THE SPONSOR:
P.O.BOX NO: CITY
COUNTRY
TELEPHONE NO: FAX NO:

TRADE REFERENCE
NAME OF THE COMPANY ADDRESS YOUR CONTACT CREDIT
FACILITY
1.
2.
3.

APPLICANTS BANKER DETAILS:


NAME OF THE BANK
ADDRESS : LOCATION

CITY COUNTRY
ACCOUNT NO 1)
2)

FINANCIAL DETAILS:
ANNUAL TURNOVER(At close of business last financial year) in
QAR
EXPECTED VOLUME OF BUSINESS WITH Sumu Business QAR
Services per month in
What brands and products / field do you currently in: 1)
2)
Please attach latest published financial statement to the application i.e.,
B/S
All information received by Sumu Business Service is treated as
confidential and will be used for credit rating purpose only

AMOUNT OF CREDIT FACILITY REQUESTED IN QAR: .

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CR No.31078 /13 P O Box 21744, Doha - Qatar Tel: 44678764
Email: sales@sumuqatar.com Website: www.sumuqatar.com
Sumu Business Services
ADMINISTRATIVE DETAILS
PERSON AUTHORISED TO PLACE P.O
DESIGNATION
SPECIMEN SIGNATURE
PERSON IN ACCOUNTS WITH WHOM WE
HAVE TO COORDINATE FOR OUR
PAYMENTS

ANNEXURE TO THE CREDIT APPLICATION

Please read the following for guidance in filling up clause 2 of application.

According to the categories (A to C) to which the applicant belongs, application must be signed by
appropriate signatories as detailed below:

If the applicant is a:

a) Sole Proprietor :

1. Names and Address of the proprietor partners shall be given.


2. The Proprietor must sign application.

b) Partnership Co. :

1. Names and Addresses of all partners shall be given.


2. Application must be signed by :
3. I) All Partners, or
4. II) A Partner/Manager who has been empowered to sign, honor and bind the company and all
partners severally and collectively, through a properly constituted Power of Attorney. A Copy
of such power of attorney stamped by Chamber of Commerce is to supplied along with the
application.

c) Limited Liability Co. :

1. Names and addresses of all partners shall be given.


2. Application must be signed by all partners, or by
A Partner or Manager who has been empowered to sign, honor and bind the company and all
partners severally and collectively, through a power of attorney. A copy of such power of
attorney stamped by chamber of commerce is to be supplied along with the application.

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CR No.31078 /13 P O Box 21744, Doha - Qatar Tel: 44678764
Email: sales@sumuqatar.com Website: www.sumuqatar.com
Sumu Business Services

Terms and Conditions

We understand that the credit facilities will be valid for a period of twelve months, which can be renewed for
a further period of one calendar year on mutual agreement. We further agree to abide by the payment terms
of Sumu Business Services and undertake to bring to your notice any changes in our corporate structure
relating to the information given.

1) All charges incurred through the use of Sumu Business Services credit facilities are due and payable
within 30 days of presentation of invoice/s. If for any reason the invoices are outstanding for more than
60 days, Sumu Business Services reserves the right of charging 5% p.m. interest and also reserves the
right to cancel all credit facilities without prior notice.

2) All orders will be accepted only on receipt of written confirmation. This must clearly mention the
accepted charges to be borne by the customer/client.

3) Sumu Business Services is authorized to request the applicant to provide a bank guarantee for the
amount of credit applied for.

4) Invoices presented will be presumed to be accurate unless Sumu Business Services receives a written
confirmation of any errors within 10 days from the date of receipt of the invoices.

UNDERTAKING BY THE APPLICANT

To the best of my/our knowledge and belief, the information furnished in this application are true and
correct. I/we understand, am/are authorized to sign this credit application and I/We undertake in the event of
a credit account being granted by Sumu Business Services. I/We agreed to settle our accounts with Sumu
Business Services promptly within the tenure agreed from the date of invoice, on a net weekly / monthly
basis. In the event of the credit being exceeded the sanctioned limit at any time, to agree to settle such excess
credit immediately. I/We further understand that this will not preclude Sumu Business Services from
demanding payment of any dues at any time and I/We undertake to pay the dues on such demands.

I/We also undertake to settle immediately all the dues, in the event of withdrawal of credit facilities or on
winding up/cessation of activities.

I/We hereby authorize Sumu Business Services to verify our credit worthiness, business standing and
signatures on this credit application from our bankers.

Signature(s) of the applicant :

Name(s) of the Signatories :

Position(s)/Designation :

Local Sponsor Signature :

(Please note at least one of the person signing this application must also be a signatory to the applicants
bank account)

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CR No.31078 /13 P O Box 21744, Doha - Qatar Tel: 44678764
Email: sales@sumuqatar.com Website: www.sumuqatar.com

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