Union Bank Of India Statement Of Stock Position Form Download |work| (2024)

For Union Bank of India (UBI), a "Statement of Stock Position" is a critical document for businesses with Cash Credit (CC) Overdraft (OD) facilities. It is used to determine your Drawing Power (DP) based on the inventory you hold. 📄 Union Bank of India Stock Statement Form

While specific branch formats may slightly vary, you can typically find or download standardized templates through official and trusted secondary channels: Official Downloads : Visit the Union Bank of India Forms & Application Downloads page. Look under sections for MSME Loans Credit Facilities Common PDF Templates

: You can view or download standard formats on professional document sharing sites like Scribd - Union Bank Stock Statement Format Scribd - Union Bank Stock Position Statement Branch Request

: It is often best to request the exact Excel or PDF template directly from your assigned Relationship Manager

to ensure it matches their specific internal reporting requirements. Union Bank of India 📝 Key Components of the Form

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

: Policy number, amount, and expiry date, ensuring the bank's name is noted as the beneficiary (Bank Clause). Borrower Declaration For Union Bank of India (UBI), a "Statement

: A signed certificate confirming that the stock is your exclusive property, free from other liens, and valued at cost or market value, whichever is lower. 💡 Pro-Tips for Submission Timely Filing : Statements are usually due by the 7th or 10th

of the following month. Late filing can lead to penal interest or a freeze on your drawing power. Valuation Rule : Always use the "Lower of Cost or Market Value" principle for valuation unless instructed otherwise. Drawing Power Calculation

Drawing Power = (Eligible Stock Value - Bank Margin) + (Eligible Book Debts - Bank Margin)

Note that margins (e.g., 25% on stock) are deducted from the eligible value before arriving at the limit. Excel template for easier calculations? The list of insurance requirements for pledged stock? Details on how to submit this statement via Union Bank Internet Banking

AI responses may include mistakes. For financial advice, consult a professional. Learn more Union Bank Stock Statement Format | PDF - Scribd

The Union Bank of India Statement of Stock Position form is a mandatory document for borrowers using Cash Credit (CC) or Overdraft facilities, used to declare the value of pledged inventory to determine the drawing power. Download Links for Form Formats Important Points to Remember

Official forms are typically provided by your local branch manager; however, common standard formats are available via online repositories:

Standard PDF Format: A comprehensive Statement of Stock Position on Scribd includes sections for raw materials, finished goods, and goods in process.

CC Account Specific: A dedicated Stock Statement for Cash Credit detailing calculations for net value and drawing limits.

Combined Stock & Book Debt: For businesses required to submit both, ARK Advisors provides a downloadable .docx template for hypothecated assets. Required Details for the Form

When filling out the statement, you must provide the following information as of a specific date:

Inventory Breakdown: Description of goods, storage location (godown-wise), quantity (number of packages), rate per unit, and total value. Timely Submission: Delay in submission can lead to

Basis of Valuation: Typically "Cost or Market Value, whichever is lower".

Deductions: Value of unpaid stock (received on credit) and "obsolete" or older goods (usually those over 90 days) must be deducted to arrive at the Net Stock Value.

Declaration: A signed confirmation that the goods are free from other liens and are pledged solely to Union Bank of India. Submission via Online Portals

While the physical form is common, most modern submissions can be initiated through the bank's digital channels: Format, Example and Steps to Open Union Bank Statement PDF

Important Points to Remember

Timely Submission: Delay in submission can lead to a reduction in your Drawing Power or penal interest charges. Submit it within the stipulated date (usually within 10-15 days of the month-end).
Accuracy: The stock value declared should match your internal books and GST returns (GSTR-1 & GSTR-3B). Banks often cross-verify this data.
Insurance: Ensure your stock insurance is valid on the date of the statement. An expired policy can lead to a freeze on your account operations.

Critical Compliance: Stock Audit & Signatures

Simply downloading and filling the form is not enough. Union Bank of India has strict signing protocols:

Proprietorship/Partnership: Must be signed by all partners/proprietor.
Private/Public Limited Company: Must be signed by the Company Secretary (CS) or two Directors. A company seal (Common Seal) is mandatory.
Chartered Accountant (CA) Certification: For limits above a certain threshold (usually ₹5 Crores+), a CA must certify the stock statement on their letterhead, not just sign the bank’s form.

How to Fill the Statement of Stock Position Form Correctly

Downloading the form is only half the battle. A poorly filled form is often rejected by the branch manager or the credit monitoring department. Below is a field-by-field guide to filling out the UBI Stock Statement Form.