PUNJAB NATIONAL BANK
STOCK STATEMENT
(TO BE SUBMITTED BY THE BORROWER)
(Periodicity of submission of stock statement: Fortnightly/monthly/quarterly/ half
yearly)
Statement as on___________ belonging to
M/s______________________________________
_______________________________________________________Hypothecated as
security with PUNJAB NATIONAL
BANK________________________________________________(Office)
A/c No. Facility
Limit (Rs.)
S. Particulars of Wher Quantit Rate Value Remarks
N goods e y (Rs.)
o lying
TOTAL
1
PART - B
Sundry Debtors (Receivables) @
S.No List of Debtors as per Annexure $ Amount (Rs.)
.
i Upto 90 days
ii > 90 days to 180 days
iii > 180 days
TOTAL
@ Sundry debtors acceptable as per terms of sanction
$ Separate Annexure for i, ii and iii to be enclosed
Sales During the financial year
1. Sales upto last month
1. Sales during the month*
2. Total Sales
PART – C
Sundry Creditors
Amount (Rs.)
List of Creditors as per Annexure#
# List of Creditors as per Annexure to be enclosed.
Purchases during the Financial Year
1. Purchases upto last month
2. Purchases during the month*
3. Total Purchases
2
1) I/We declare and acknowledge that all the goods noted above stand
hypothecated to the bank and the same are my/our own property and
that I/We am/are entitled to hypothecate them with the bank. They
are unencumbered and are not subject to any other lien, claim or
charge of any sort.
2) I/We certify that the quality and quantity of the stocks are correct and
in accordance with the entries in our record. The stocks shown do not
include damage unsaleable/obsolete/old goods.
3) I/We certify that the valuation of stocks has been made as per
mandatory Accounting Standard (AS-2) (i.e. cost price/Net Realisable
Rate, whichever is lower) as prescribed by ICAI.
4) I/We certify that the above goods are adequately covered by insurance
against fire and other necessary risks in terms of sanction. All
premia on insurance policies have been paid and these are in force.
5) I/We certify that the amount of sundry debtors/sundry creditors and
Sales/ Purchases are correct and in accordance with the entries in our
record.
6) In case the above contain any mis-statement (of which the bank is the
sole judge) or there be any shortage of security, I/We shall render
myself/ourselves liable to legal action.
BORROWER/AUTHORISED SIGNATORY
FOR OFFICE USE ONLY
1. Limit_______________________
2. Value of security (Value of stock minus surplus sundry creditors, if any, to
be deducted in terms of sanction)_______________
3. Margin (as per sanction)_______________
4. Drawing power (Value of security as per (2) above less margin) ____________________
(Sanctioned Limit or Drawing power whichever is less to be taken)
5. SRM updated on Entered by (Name)
Verified by (Name)
6. Inspected by (Name)
on
Designatio
3
n
(Signature)________________________________
