Form Nf-1003 Pdf -free !free! | --- Canara Bank Stock Statement

The Canara Bank Stock Statement Form (NF-1003) is a critical document for businesses and individuals holding working capital credit limits (like Cash Credit or Packing Credit) with Canara Bank. It serves as a declaration of the inventory and receivables held by the borrower to determine their Drawing Power (DP). Overview of Form NF-1003

Purpose: To inform the bank about the current value of stocks (raw materials, work-in-progress, finished goods) and debtors to ensure the loan is properly backed by assets.

Target Users: Borrowers with working capital credit limits, specifically designed as a "Simplified Stock Statement" for limits up to ₹10 lakhs.

Frequency: Usually submitted monthly or quarterly, depending on the terms of the loan sanction. Key Components of the Form

The form requires detailed information about the borrower's assets as of a specific date:

Borrower Details: Name of the borrower, loan account number, and branch name. Inventory Breakdown:

Raw Materials: Quantity and total value at cost or market rate, whichever is lower. --- Canara Bank Stock Statement Form Nf-1003 Pdf -FREE

Work-in-Progress (WIP): Items currently in the production stage. Finished Goods: Completed products ready for sale.

Receivables: Details of debtors, typically focusing on those with outstanding balances for less than 90 days.

Insurance Details: Information regarding the insurance coverage for the godown/stock, including the policy amount and validity date.

Declaration: A signed statement confirming that the stocks are the borrower's absolute property and are unencumbered. How to Fill and Submit How to Download the Canara Bank RTGS Form? - ClearTax

The Canara Bank NF-1003 form is the official Simplified Stock Statement used by borrowers to report inventory and debtors for working capital credit limits up to ₹10 Lakhs. Submitting this form is a mandatory monthly or quarterly requirement to maintain your drawing power in Cash Credit (CC) or Overdraft (OD) accounts. Download Canara Bank NF-1003 Form (PDF)

You can access and download the blank form through these official and community-shared sources: The Canara Bank Stock Statement Form (NF-1003) is

Official Website: Navigate to the forms section on the Canara Bank Official Site to find the latest bilingual version.

Scribd (View/Print): Access the NF-1003 Simplified Stock Statement for a direct preview of the 2-page document.

Google Drive Direct Link: A "free" downloadable PDF version is often hosted on community-shared Google Drive links for quick access. Key Details to Include in NF-1003

The form requires specific data points to calculate your Drawing Power (DP): NF 1003 Simplified Stock Statement | PDF - Scribd

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2. Prerequisites Before Filling

Before you start filling out the form, ensure you have the following documents handy for accurate figures:

  • Stock Report: A physical count of your current inventory.
  • Purchase/Sales Registers: To verify movement of goods.
  • Book Debts Statement: Details of receivables (money owed to you by customers), as this is often submitted alongside stock statements.
  • Previous Stock Statement: To reference opening stock figures.

How often must I submit the Stock Statement?

  • For Overdraft (OD) against shares: Monthly (within 7 days of month-end).
  • For Margin Trading: Weekly (every Monday).

Part 7: Sample Calculation of Drawing Power using NF-1003

Assume as per NF-1003:

  • Total Stock Value (Excluding GST): ₹80 Lakhs
  • Total Book Debts (<90 days): ₹20 Lakhs
  • Margin required by bank: 25% on stock, 40% on book debts.

Calculation:

  • Stock eligibility = ₹80 Lakhs × 75% = ₹60 Lakhs
  • Debtors eligibility = ₹20 Lakhs × 60% = ₹12 Lakhs
  • Total Drawing Power = ₹72 Lakhs

If your outstanding loan is ₹75 Lakhs, you are overdrawn by ₹3 Lakhs—repay immediately.

Part 5: Step-by-Step Submission Process (Online & Offline)

Section D: Declaration & Certification

  • Certificate by Borrower: "I/We declare that the stock and book debts are free from any charge, not hypothecated to any other bank..."
  • Auditor’s Certificate (if required for limits above ₹5 Cr): Signed by a Chartered Accountant.

Signature: Authorized signatory (with stamp).

Section A: Borrower & Account Details

  • Name of the party: Legal name as per current account.
  • Name of the Unit/Firm: Proprietorship, Partnership, or Pvt Ltd name.
  • Account Number: 15-digit Canara Bank CC/OD account number.
  • Date of Statement: Usually the last day of the reporting month (e.g., 31st Jan 2025).
  • Limit Sanctioned: Total limit approved (e.g., ₹50 Lakhs).

Supporting documents to attach

  • Latest stock register extract
  • Warehouse receipts / godown allotment letters
  • Purchase and sales invoices (relevant period)
  • Insurance policy copy
  • Inspection certificate / report
  • Charge creation (hypothecation) documents