Gross Stock Value−Sundry Creditors=Net Paid StockGross Stock Value minus Sundry Creditors equals Net Paid Stock
This public link is valid for 7 days and shares a thread, including any personal information you added. This link or copies made by others cannot be deleted. If you share with third parties, their policies apply. Can’t copy the link right now. Try again later.
Most banks do not consider book debts older than 90 days for drawing power. Exclude these to avoid discrepancies.
What happens if my stock position drops significantly in a month?
Filter your customer ledger to see how long invoices have been pending. If your sanction letter states "Debtors up to 90 days are eligible," ensure you cleanly separate the values under 90 days from those exceeding 90 days. Step 5: Declaration and Signatures Can’t copy the link right now
: Unlike term loans, CC limits fluctuate. The bank calculates how much cash you can withdraw based on the value of your stock minus the required margin.
: Authoritative formats for the "Statement of Stock Position" are frequently uploaded by users to Scribd and similar business resource sites.
Tip: Always confirm with your specific UBI branch manager if they require the standard MSME format or the specialized inventory-cum-receivables breakdown form. 🔍 Understanding the Importance of the Stock Statement
Stock older than 90 days (or as per your specific sanction terms). Exclude these to avoid discrepancies
The bank hypothecates these stocks as security. Therefore, they must be fully insured against fire, theft, and natural calamities. You must fill out: Insurance Company Name Policy Number and Sum Insured Policy Expiry Date (Must be valid) 4. Step-by-Step Guide: How to Fill the Form Accurately
: For credit limits under specific schemes, banks often use standard RBI-compliant formats. You can download a generic but universally accepted Stock Statement Format (Excel/PDF) directly from your corporate internet banking portal.
Breakdown of raw materials, work-in-progress (WIP), and finished goods.
Amount owed to suppliers. This value is from your total stock value because you do not fully own unpaid inventory yet. 5. Insurance Details and finished goods.
: A Statement of Stock Position Template that includes an annexure for book-debt statements.
Securing a working capital loan, such as a Cash Credit (CC) or Overdraft (OD) facility, requires ongoing financial compliance. For business owners banking with Union Bank of India (UBI), the most critical recurring task is the submission of the monthly stock statement.
Completed products ready for sale or distribution.