Details of the godown or warehouse where the goods are stored. Part B: Declarations and Financial Data:
To create an efficient Excel template for your monthly submissions, follow these structural steps: Stock Statements to Bank - Dhruva Industrial Consultants
Confirmation that the stock is insured against risks like fire and theft.
Monitoring inventory levels helps the bank evaluate the operational stability of the borrowing entity.
The is a mandatory monthly stock statement required from borrowers who maintain an Open Cash Credit (OCC) account. While the official form is often distributed in PDF format, many businesses prefer an Excel format to automate calculations for Drawing Power (DP), which determines the actual amount they can withdraw from their sanctioned credit limit. Understanding Form NF 902
Banks typically offer credit after deducting a "margin" (e.g., 25%) from the total stock value.
Clear identification of items (raw materials, work-in-progress, finished goods).