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Stock Statement Format

The document is a statement of stock under pledge to Indian Overseas Bank that lists the balance, deposits, withdrawals, and current stock levels of various items as of a specified date, along with their unit of weight, market/purchase rate, and valuation; it certifies that the stocks are fully insured and under sole lien to the bank for any outstanding advances; and it provides values for book debts and stock after subtracting aged debts and creditors.

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Amar Thakur
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25K views1 page

Stock Statement Format

The document is a statement of stock under pledge to Indian Overseas Bank that lists the balance, deposits, withdrawals, and current stock levels of various items as of a specified date, along with their unit of weight, market/purchase rate, and valuation; it certifies that the stocks are fully insured and under sole lien to the bank for any outstanding advances; and it provides values for book debts and stock after subtracting aged debts and creditors.

Uploaded by

Amar Thakur
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Statement of stock under Pledge to Indian Overseas Bank, Chakan Branch

Borrowers Name: M/s


Particulars
of stock

Balance as
per last
statement

As at the close of Business on ____________________

Address of Godown______________________________________________
Deposits for
The month

Total

Withdrawal
For the
month

Stock on date

Unit of
weight

Market rate/
Purchase
rate

Valuation

Adv.
rate

Valuation

I / We hereby certify that the above statement of stocks, which are fully insured against fire is a true and correct statement under minimum values held by me/ us
under pledge to the Indian Overseas Bank and the stocks are at any and all times under sole lien to the Indian Overseas Bank for any or all advances outstanding on
my / our account and I / We also certify that all stocks in the godown are my / our own bonafide property. I / We am / are aware that on the strength of this
declaration the advance is made by the bank. Should the bank wish at any time to carry out a detailed weighment and / or valuation of the goods it is at liberty to do
so at our expenses and I / We agree to accept the result of such weighment and / or valuation
Value of Book debts
Less : Aged > ___ days

Date:

:
:
-------------------

Value of Stock
Less : Creditors for Purchase
Paid Stock

Rs.
Rs:
---------------------------Rs.
---------------------------Stamp & Signature of Borrower

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