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    Union Bank Stock Statement Format

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    gemini.rowyn
    The document is a statement of stock position addressed to Union Bank of India, detailing the goods held in the account as of a specific date. It includes descriptions of goods, their values, and calculations for net value ranking for drawing power. The declaration confirms that the goods are either owned or legally pledged to the bank, and it includes a signature for verification of calculations and insurance coverage.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Union Bank Stock Statement Format

    Uploaded by

    gemini.rowyn
    16 views2 pages
    The document is a statement of stock position addressed to Union Bank of India, detailing the goods held in the account as of a specific date. It includes descriptions of goods, their values, and calculations for net value ranking for drawing power. The declaration confirms that the goods are either owned or legally pledged to the bank, and it includes a signature for verification of calculations and insurance coverage.

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    © © All Rights Reserved

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    The document is a statement of stock position addressed to Union Bank of India, detailing the goods held in the account as of a specific date. It includes descriptions of goods, their values, and calculations for net value ranking for drawing power. The declaration confirms that the goods are either owned or legally pledged to the bank, and it includes a signature for verification of calculations and insurance coverage.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    16 views2 pages

    Union Bank Stock Statement Format

    Uploaded by

    gemini.rowyn
    The document is a statement of stock position addressed to Union Bank of India, detailing the goods held in the account as of a specific date. It includes descriptions of goods, their values, and calculations for net value ranking for drawing power. The declaration confirms that the goods are either owned or legally pledged to the bank, and it includes a signature for verification of calculations and insurance coverage.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    STATEMENT OF STOCK POSITION

    From To: Union Bank of India

    Branch

    Date

    ****************** **
    We give here below particulars of goods held in your name on yourAccountas on. . *******

    0f there are more than one godown, details are to be given godownwise with the address of the godown.)

    Description of goods Value


    Place stored No.of packagesQuantity Rate
    . Rs. . P_

    /Total
    1T
    Rate Value
    Description of goods Place stored No.of packages Quantity
    5. Rs. P

    /Total

    Total value of stock as declared above


    Basis of Valuation

    Value of stock received on credit/unpaid stock


    Imported Raw Materials (valued at landed
    cost/market value whichever is lower)

    Value of stock older than 90 days hence not ranking Indigenous goods (purchase/market value
    for Drawing Power. whicheveris lower.)

    Finished goods (at cost or selling price less


    Total sales made during the month
    profit)

    Goods in process (at actual cost basis)


    Total purchase made during the month

    We declare that all the goods noted on the reverse and pledged/hypothecated to you either our own property or that we have
    interest therein as entitles us to pledge/hypothecate them with the Bank to the full extent ofthe Bank's advances to us
    against them and that they are not subject to any lien, claim or charge of any sort.

    Signature

    Date of Receipt
    I confirm than calculations have been checked
    Total value of the stock and found corect, Insurance Cover has been
    taken fully.

    Less value of stock received on credit/unpaid stock

    Less value of stock older than 90 days & hence not ranking for Drawing Power

    Net value ofstock ranking for Drawing Power


    *****************

    Less Margin@ . . . .

    Net Value/Drawing Limit

    Sanctioned Limit

    Outstanding in the Account Authorised Signature

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