Treatment of Sundry Creditors (Revised)

STOCK STATEMENT FOR THE MONTH OF MARCH 2020 ANNEXURE-1

Company Name - S.K. INDIA INTERNATIONAL
NAME OF THE A/c Value of Stock as on 31.03.2020
Address - G-1-148-149, EPIP GARMENT ZONE, SITAPURA IND. ARE
Monthly Statement of Stock in godown/compound situated at __________ belonging to us (Rs. In ___________)
Sr. Particulars of Unit Last Bal. Receipt Delivered/ Bal. No of Mehod of Inventory Rate Per Value of
No. Stock/Item (Kgs/Bags) (Qty) (Qty) Issue (Qty) Units Avaliable Valuation [Lifo/Fifo] Unit Item
[i] [ii] [iii] [iv] [v] [vi] [vii] [viii] [ix] [x]=vii*ix
41171.29 11045.2 17500 34716.49 FIFO 50 1735824.33
1 Raw Materials
[a] Sub Total Raw Materials :~> 1,735,824.33

2 Stock in Process
[b] Sub Total Stock in Process:~>
79583 2023 2018 79588 FIFO 250 19897000
3 Finished Goods
[c] Sub Total Finished Goods :~> 19,897,000.00
100000
4 Stores,Spares/Other Inventory
[d] Sub Total Stores,Spares/Others Inventory etc. :~> 100,000.00
[e] Total Value of Stocks [e] = a+b+c+d 21,732,824.33
OTHER INFORMATION AMOUNT We solemnly declare that the quality, quantity and rates of stock noted above and hypothecated
Value of Raw Material,Stores,Spares etc.under to the bank are ture and correct and are either our own absolute property or that we hae such
[A] DALCs/Co-acceptances/Guarantees[Net of Cash Margin] 0 an interest in the same as entitles us to hypothecate/pledge the same with the bank to the full
extent of the bank's advances to us against these goods and that they are not subject to any
claim or charges of any sort and of the strength of this declaration of ours the advance has been
Trade Creditors [Excluding DALCs] of Raw Materials,
Stores, Spares etc.
taken. In order to verify our above statement the bank is at liberty to get goods weighted and or
[B] 0 valued at any time at our expense and we hereby agree to accept as conclusive proof the result
of such weighment and or valuation as certified by a duly authorised officer of the bank.
Total Value of Raw Material, Stores-Spares etc., procured
[C] and outstanding under Trade Credit/procured under 0
DALCs/BG etc [A+B]
Details of Insurance:
Policy No Risks Covered Assets Insured Sum Insured Vaild Up to Issured by Bank Clause [Y/N]

Verified Godown Keeper For Company

Branch Manager Signature DESIGNATION

'file:///conversion/tmp/activity_task_scratch/699701143.xls'#$ANNEXURE - 1
 Treatment of Sundry Creditors (Revised)
BOOK DEBTS STATEMENT FOR THE MONTH OF ANNEXURE-2
Company Name - S.K. INDIA INTERNATIONAL
NAME OF THE A/c Value of Book Debts as on 31.03.2020
Address - G-1-148-149, EPIP Garment Zone, Sitapura Industrial Area, Jaipu
Hypothecated to Bank of Baroda VIE Branch,by virtue of Book Debts agreement executed on by the company
Terms of Sanction : Book Debts Upto 90 Days only are to be taken as per sanction
Sr. Name of Address Gr.Amt. Including Advamce Net of Which Less On Which More Total Bills Elligible Book
No. Party Inv. Dis. Factored Received Amount Than 90 Days Than 90 Days Discounted/Factored Debts
[a] [b] [c] [d] [e] [f]=[d]-[e] [g] [h] [i] [j] = [g]-[i]
1 ARG Brands Norway 691587 189479 502108 502108 502108
* as per terms of sanction or 90 days Total :
We solemnly declare that the details of book-debts noted above and hypothecated to the bank are true and correct, are either our own property or the we have such an interest in the same as entitles us to
hypothecate the same with the bank to the full extent of bank's advances to us against these debts and they are not subject to any lien, claim or charges of any sort and on the strenth of this declaration of ours
the advance has been taken. In order to verify of above statement, the bank is at liberty to get book debt verified at any time at our expenses and we hereby agree to accept as conclusive, the proof of the rest of
such valuation as certified by a duly authorised officer of the bank. We also hold ourself for beach of trust in case any deliberate wrong reporting is down us.

We certify that we have verified the list of debtors as on 30.06.2020 and confirm correctness of statement.
Branch Manager Chartered Accountant FOR

Signature Signature DESIGNATION

Place : Date :
Treatment of Sundry Creditors [Revised] ANNEXURE - 3
Computation of Drawing Power (Rs. In ________)
NAME OF THE ACCOUNT Company Name
Raw Material Stores,Spares etc Stock in process Finished Goods Eligible Book Debts Total
Particulars [1] [2] [3] [4] [5] [6]
[1] Value of Stock/Book Debts as per statement 1,735,824.33 100,000.00 - 19,897,000.00 - 21,732,824.33
[2] Less: Sundry Creditors Inc. Stock underDAL/BG
1,735,824.33 100,000.00 - 1,221,814.00 - 3,057,638.33
etc. [See Note [a] below
[3] Value of Stock/Book Debts [Net of Creditors] (1-2) - - - 18,675,186.00 - 18,675,186.00
[4] Less: Stipulated Margin [Calculated as % on 3) 25% - 25% - 25% - 25 25 4,668,797.00 25 % - 4,668,797.00
[5] Total
% Drawing Power [3-4]
% %:-> 14,006,389.00
[6] Drawing Power - BOB's Share (_________%) :->
[7] Limit Sanctioned :-> -
Note : [a] Sundry Creditors is to be deducted from Raw Material at first instance.
If sundry creditors is in excess of alue of raw material, the excess shall be adjusted against Stores-Spares, Stock in process, finished goods proeressively.
That is, at first instance sundry creditors should be deducted from value of raw material upto the maximum value of raw material and any excess in sundry creditors over value of raw material
should be reduced next from stores spares and if there is further excess over value of stores spares next from stock in process, Finished goods and so on.
[b] However,if sundry creditors for raw materials and sundry creditors for stores spares etc. can be submitted by borrower and determined separaterly, then at first instance deduct from the respective
columns of Raw Material [col 1], stores Spares etc.[col 2] the value of sundry creditors of Raw Material and sundry creditors of Stores Spares etc., to the extent of value of individual stock.
If the sundry creditors in both of either [Raw material and stores spares etc]is/are in excess of value of respective stock, the excess values [both or either]shall be adjusted against
Stock in process, Finished Goods and so on progressively.
[c] SS denotes Stock Statement and bds denotes Book Debts Statement, Adjacent alphabets / numerals are item reference in the relevant statement.
[d] Stipulated Margin [item 4] to be as per sanction terms;
VARIFIED For Company

Branch Manager DESIGNATION

Place: Date: