: Stocks should generally be valued at cost or market price, whichever is lower.
In this section, list all the suppliers or vendors that your business owes money to for goods purchased on credit.
Note: You must exclude obsolete, damaged, or slow-moving stock from this valuation. 2. Creditors and Unpaid Stock
He navigated to the portal, his eyes scanning for that specific alphanumeric code. : Stocks should generally be valued at cost
This submission allows the bank to calculate the Drawing Power (DP), which determines the maximum amount a borrower can withdraw against their sanctioned limit. Form NF1003 serves as the standardized template for this submission, ensuring that the data provided is uniform, comprehensive, and compliant with the bank's internal audit requirements.
Are you unsure how to treat for your specific industry?
Enter the date as of which the stock is being reported (e.g., 30/05/2026). Particulars of Stock (Amount in thousands): Form NF1003 serves as the standardized template for
Raw Materials, Work in Progress, Finished Goods. Debtors Statement: Total outstanding debtors.
The Canara Bank is a simplified stock statement form primarily used by borrowers to report inventory and receivable details for working capital credit limits, typically up to ₹10 lakhs Overview of Form NF 1003
: Including receivables older than 90 days is generally not permitted for DP calculation unless specifically allowed in your sanction letter. Godown Inspections Work in Progress
Customers can download the Canara Bank Stock Statement Form NF1003 in PDF format from the bank's official website or other online sources. Here's a step-by-step guide:
The NF1003 form is a specialized financial document required by Canara Bank to monitor the security against which loans are provided. The bank lends money based on the value of the stock (raw materials, work-in-progress, finished goods) and receivables (book debts) a business holds. This form serves to verify: The actual stock position at the end of the month. The aging of receivables (debtors). The security coverage ratio (margin maintained).
STOCK STATEMENT FOR THE MONTH OF [Month, Year]