Statements of stocks under Hypothecation to Indian Overseas Bank, Neemuch Branch
Borrowers Name:
Borrowers Address:
As at the close of Business on:
Particulars of Balance as per Purchases for Total Withdrawals Stock on Market Total Value
stock last statement the month for the month date Rate/Purchase (Rs)
rate at
whichever less
Less : Value of
Trade
Creditors
(LC(A&E) &
LCBR,Goods
procured
under
Guarantee
Less: Margin
@%
Note: In the case of raw materials, purchase rate or market rate whichever is lower and in the case of finished goods, cost price or market rate whichever is lower to be taken for
the purpose of arriving drawing power.
I/We hereby certify that the above statement of stocks, which are fully insured is a true and correct statement under minimum market values, held by me/us under
hypothecation to Indian Overseas Bank and that all 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 go down 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 as at liberty to do so at our expenses and I/We agree to accept
the result of such weighment and/or Valuation.
Signature of the Borrower
BOOK DEBTS STATEMENT:
Account Name:
Book debts outstanding as on __________________:
(1-90 days)
Particulars Ref No/Bill No date amount
Total
(90-120 days)
Particulars Ref No/Bill No date amount
Total
Signature of the Borrower
