Fill out the breakdown of debtors. Ensure your total matches your internal balance sheet or accounting software (like Tally).
is the primary source, you can find verified digital copies on these platforms: : Offers the NF 1003 Simplified Stock Statement for viewing and download. Google Drive Repositories
Requires itemized reporting of raw materials, finished goods, and work-in-progress.
When a bank extends a working capital loan, it creates a charge over your business inventory (raw materials, work-in-progress, finished goods) and sundry debtors (receivables). Form NF1003 acts as a formal declaration of the value of these current assets at the end of a specific month or quarter. Why Submitting Form NF1003 is Crucial Fill out the breakdown of debtors
: Banks provide working capital loans against the security of your business inventory and receivables. Because inventory levels fluctuate daily, Form NF1003 serves as a monthly snapshot to ensure that the value of the bank's security covers the money you borrow.
The is a simplified stock statement specifically used by borrowers with working capital credit limits (like Cash Credit or Packing Credit) up to ₹10 lakhs. It serves as a formal declaration of inventory and receivables to determine the "Drawing Power" for that month. Verified Download Options
Enter the Opening Stock of Raw Materials, Work in Progress, and Finished Goods. Google Drive Repositories Requires itemized reporting of raw
If you have a cash credit (CC) account, overdraft (OD) facility, or working capital loan with Canara Bank, submitting a monthly or quarterly stock statement is a mandatory compliance requirement. The bank uses specifically for this purpose.
This section requires a detailed breakdown of your business inventory. Values must be calculated at .
Debtors exceeding 90 days or 180 days (Usually excluded, depending on your specific Sanction Letter terms) 5. Declaration and Signatures Why Submitting Form NF1003 is Crucial : Banks
: All stock listed on the NF1003 form must be fully insured against fire, theft, and natural calamities, with the insurance policy explicitly assigned in favor of Canara Bank.
If you need help understanding a specific section of the form (such as how to value work-in-progress or how to calculate the Drawing Power), Share public link
Deduct the value of stock purchased on credit for which you haven’t paid yet. Banks do not finance unpaid stock to avoid double financing. 3. Part B: Statement of Sundry Debtors (Receivables)
Yes. Many business correspondents prefer an Excel version for automatic calculations. Search for "NF1003 Excel format" on the official portal. It is safer than a PDF.