Dear Sirs,

We have completed our enquiries concerning the company mentioned in your letter of May 18 and have to inform you to consider carefully the business with them.

In the past three years,the company has experienced a serious difficulty in finance and delayed in executing their normal payment.It seems to us that the company's difficulties were due to bad management and in paricular to overtrading.

We would advise you to pay most careful attention to any business relations with them.However,this is our personal opinion and we wish you to make further enquiries on your part.

Yours sincerely,