AL DAMMAM - Credit Application Form

AL DAMMAM

ELECTRIC • SANITARYWARE • HARDWARE

📱 FILL
ONLINE

P.O. Box: 30651
Ajman Jurf 1, UAE
T: +971 6 5389484
sales@dammamuae.com
www.dammamuae.com

CREDIT APPLICATION

Dear Sir,
We would like to apply for a credit facility with your organization. Please find below the relevant information along with support documents namely: Trade License, Commerce Registration, Bank Statement, Passport copy of bank authorized signatory, Power Of Attorney, Location Map, Tax Certificate and Current Audited Financials if any;

Company

Company name: *

P.O. Box:

Area:

Building:

Street:

Telephone Office:

Fax:

Mobile: *

Email: *

City:

Country:

Annual Turnover AED:

Dealing in (Business):

Trade License No:

Trade License Expiry:

TRN (VAT Registration No):

Date Established:

Business Type:

Corporate Partnership Sole Proprietorship

Owner/Partner

Name	Designation	Nationality	Signature	EID No

Names of authorized signatories to sign LPO's & Cheques

Authorized Signatories - Purchase Orders

Name	Designation	Nationality	Signature	EID No

Cheques

Name	Designation	Nationality	Signature	EID No

Details of other organizations where you have a valid credit facility

Trade Reference

Company Name	Address	Telephone	Credit Limit (AED)	Credit Period (Days)

Please provide your bank account details & contact person's name in bank

Bank Details

Bank Name: *

Address:

Account No: *

Contact Name & Telephone / Fax:

Credit Required

Credit Required AED: *

Credit Period (Days):

Credit Type:

LPO Post Dated Cheque Letter of Credit

Invoice Submission:

Office Site Store

PAYMENT FOLLOWUP MOBILE:

PAYMENT FOLLOWUP EMAIL:

We certify the above information is correct. We undertake to settle the dues in accordance to the terms of the credit facility granted, to inform in writing of any changes in our company, authorize you to take any reference from our bankers & business associates and we further confirm that you have the right to discontinue the credit facility granted without prior notice in case of settlements are not satisfied. We understand that the Credit facility granted may be reviewed periodically.

Authorized Signatory & Name

Company Seal

TERMS AND CONDITIONS

Credit Facility: The credit facility is granted at the sole discretion of AL DAMMAM and may be withdrawn or modified at any time without prior notice.
Security: AL DAMMAM reserves the right to request additional security including but not limited to post-dated cheques, bank guarantees, or letter of credit at any time.
Title of Goods: Title to goods supplied shall remain with AL DAMMAM until full payment has been received. The customer shall hold such goods as fiduciary agent and bailee of AL DAMMAM.
Credit Limit: The customer agrees not to exceed the approved credit limit. Orders exceeding the credit limit will not be processed without prior approval and payment.
Information Updates: The customer must inform AL DAMMAM in writing within 7 days of any changes to company ownership, authorized signatories, business address, or banking details.
Credit Review: AL DAMMAM reserves the right to review the credit facility periodically and may request updated financial statements and trade references.
Default: In the event of default, AL DAMMAM may suspend the credit facility immediately and demand immediate payment of all outstanding amounts. Legal action may be initiated to recover dues.
Disputes: Any disputes arising from this credit agreement shall be subject to the exclusive jurisdiction of the courts of Ajman, UAE.
Authorization: By signing this application, the customer authorizes AL DAMMAM to obtain credit references from banks, suppliers, and credit agencies.
Personal Guarantee: The directors/owners of the company provide a personal guarantee for all debts incurred under this credit facility.
Amendment: AL DAMMAM reserves the right to amend these terms and conditions at any time. Continued use of the credit facility constitutes acceptance of amended terms.

By signing below, I/We confirm that I/We have read, understood, and agree to be bound by all the Terms and Conditions stated above.

Customer Signature & Name

Date

REQUIRED DOCUMENTS

Please submit the following documents along with this completed application form:

1. Trade License

✓ Valid UAE Trade License (copy)

2. Company Registration

✓ Certificate of Incorporation / Commerce Registration

3. Bank Details

✓ Bank Statement for the last 6 months

✓ Bank Letter confirming account details

4. Identity Documents

✓ Passport copy of all partners/directors

✓ Emirates ID copy of all partners/directors

✓ Visa copy of authorized signatories

5. Authorization Documents

✓ Power of Attorney (if applicable)

✓ Board Resolution authorizing credit facility

6. Financial Documents

✓ Audited Financial Statements (last 2 years)

✓ VAT Certificate / TRN Certificate

7. Location & References

✓ Location Map / Makani Number

✓ Trade References (minimum 2)

✓ Existing Credit Facility Letters (if any)

8. Security Documents (if applicable)

✓ Post-Dated Cheques

✓ Bank Guarantee

✓ Letter of Credit

⚠ NOTE: Incomplete applications or missing documents will delay the processing of your credit facility request. All documents must be clear, legible, and certified copies.

For Office Use Only

Application Received Date:

Received By:

Credit Limit Approved (AED):

Credit Period (Days):

Approved By:

Signature:

Date: