Letters of Inquiry regarding Financial Status and Collection Letters — SPCC STD 11 Commerce — Question

The matters should be kept in mind while collecting information regarding financial status are:
(1) The letter should be such that it does not harm the dignity of the person or firm.
(2) Letter should potray the information has been called as a routine procedure of a business activity
(3) If needed then a credit reference or a bank reference should be requested.
(4) The letter has been written to strengthen business relations, should be mentioned.
Keeping above matters/thing in mind the letter asking about financial status should be written with atmost care and politeness.
Conclusion Financial status of any person or firm should be collected with utmost care. Secrecy should be maintained, So if does not happen this way then business relations would be hanned and it would spoil the prestige of the firm.