Filling out the form accurately prevents back-and-forth queries from your relationship manager. The form is broadly divided into four key sections: Section 1: General Business Information
: Description of materials, place of storage (godowns), number of packages, quantity, rate, and total value. Financial Deductions Unpaid Stocks It details the current inventory levels, raw materials,
A Statement of Stock Position is a formal declaration submitted by a borrower to the bank. It details the current inventory levels, raw materials, finished goods, work-in-progress, and stock-in-trade. For Union Bank of India, this form is mandatory for all working capital finance customers. It details the current inventory levels
A standard stock statement requires you to provide the following details as of a specific date: Inventory Breakdown : Description, quantity, rate, and total value of: Raw Materials (Imported & Indigenous) Stock-in-Process (Semi-finished goods) Finished Goods Stores/Spares Exclusions for Drawing Power : To calculate DP, you must deduct: Unpaid Stocks (Stock bought on credit or under LC/LG) Obsolete Stock : Goods older than (unless otherwise specified) Slow-moving or Dead Stocks Insurance Details place of storage (godowns)
(Usually the last working day of the previous month)