Example: Stock value $1,000,000 → Eligible finance = $750,000. Book debts $500,000 → Eligible finance = $300,000. Total DP = $1,050,000.
: Exclude stocks purchased on credit (trade creditors) or goods already hypothecated under other advances to calculate the correct Drawing Power (DP) Part B: Production and Sales Statement canara bank occ stock statement form download
The total of the "DP Value" column must match the stock statement value. If your limit is against book debts (receivables), you need a separate Debtors statement. Example: Stock value $1,000,000 → Eligible finance =