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Stock Statement

This document is a statement of assets hypothecated for a cash credit account with a bank. It lists commodities, quantities, rates and total value of finished goods pledged as collateral. It includes the borrower's confirmation that the goods are their exclusive property without other claims, the quantities and values accurately reflect accounting records, and the assets are fully insured. The borrower confirms their drawing power is within permitted levels.

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Ajay Marya
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31K views1 page

Stock Statement

This document is a statement of assets hypothecated for a cash credit account with a bank. It lists commodities, quantities, rates and total value of finished goods pledged as collateral. It includes the borrower's confirmation that the goods are their exclusive property without other claims, the quantities and values accurately reflect accounting records, and the assets are fully insured. The borrower confirms their drawing power is within permitted levels.

Uploaded by

Ajay Marya
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
  • Statement of Assets Hypothecated: This form section collects details of assets pledged as collateral, including the nature and value of commodities.

Name of Borrfower………………………………………………………………………….

A/C No. Date:-

Cash Credit special Hypothecation / Mandi Type Account with


STATE BANK OF INDIA
STATEMENT OF ASSETS HYPOTHECATED / PLEDGED
FINISHED GOODS
Sr.No. Name of Commodity Qnty. Rate Value

TOTAL

Margin
Value less Margin Rs.

Drawing Power
1. The assets detailed above are my/our exclusive property and no other person any
interest lien or charge thereon.
2. The quantity of goods shown above represent the true and accurate stocking position
obtaining at on the date of the statement, and are in conformity with my/our permanent
books of account.
3. The rates of value on indicated above truly reflect the invoice rates or the controlled
rates whichever are lowest.
4. The assets detailed above are insurted for the full market value and the relative
insurance policies are in force and held by us. I/We further confirm that the drawing on
/my our special Hypothecation as on the date of this statement are within the permited
level.

Authorised Signature

Name of Borrfower…………………………………………………………………………. A/C No. Date:- Cash Credit special Hypothecation / Mandi Ty

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