Here is the important information regarding this form and how to obtain it.
The figures in the stock statement must match your audited financial statements and books of account.
Canara Bank Form NF1003 is a simplified stock statement primarily used for working capital credit limits up to ₹10 lakhs. Borrowers with facilities like Open Cash Credit (OCC) or Packing Credit must submit this periodic statement to help the bank monitor inventory and calculate "drawing power". Download Links While Canara Bank offers various service forms on their official download center canara bank stock statement form nf1003 pdf download full
: It verifies the value of the primary security against which working capital loans are disbursed.
: Book debts are usually only considered for Drawing Power if they are less than 90 days old (this limit can vary based on your specific sanction terms). Here is the important information regarding this form
: List quantities and rates for raw materials, WIP, and finished goods.
Note: Always scan any downloaded PDF for viruses. Preferably use only canarabank.com domains. Search for "NF1003 site:canarabank.com" in Google. Occasionally, training manuals or circulars contain the form as an attachment. Borrowers with facilities like Open Cash Credit (OCC)
Regular submission of the NF1003 form is critical for several reasons:
: This statement is generally required monthly or quarterly to maintain active drawing power on your credit line. on how to calculate your drawing power using this form?
This section requires a detailed breakdown of your physical stock, categorized by its stage of production:
A signed undertaking that the stock is the absolute property of the borrower and is free from other charges. How to Download and Submit