Date:
The Director
Foreign Exchange Investment Department
Bangladesh Bank
Head Office, Dhaka-Bangladesh.
Through: Prime Bank PLC., (Gulshan Branch) Plot # 01, Block- CEN(H), Road # 109, Gulshan Avenue, Gulshan, Dhaka-1212.
Subject: Application for Approval of Long-Term Loan (foreign borrowing from parent).
Dear Sir,
We, Bengal Iris Takumi Ltd., a company incorporated under the laws of Bangladesh and duly registered with the Registrar of Joint Stock Companies and Firms (RJSC), respectfully submit this application for approval of a long-term foreign loan to be received from our parent company, IRIS Company Ltd., Japan.
Purpose of the Loan is to support factory construction, equipment purchase, technology transfer, and infrastructure, utilities, and capital expenditure necessary for operations. The Loan Amount is USD 3,000,000. The interest Rate is 3% per annum, the Tenure will be 10 Years including 2 Years (2026–2027) Grace Period.
We hereby declare that the proposed loan arrangement complies with all applicable laws of Bangladesh and does not contravene any existing regulations of Bangladesh Bank.
We, therefore, seek your kind consideration and approval of the proposed long-term foreign loan from our parent company.
Sincerely,
√
_____________
Yukihei Osumi
Director
Bengal IRIS TAKUMI Ltd.