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Union Bank Stock Statement Format

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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4K views

Union Bank Stock Statement Format

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.

Uploaded by

gemini.rowyn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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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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