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The form explicitly states that figures should be entered in thousands (
: List book debts (typically those less than 90 days old).
Stock should be valued at cost price or market price, whichever is lower. Let me know which of these would be most helpful
Net Eligible Stock=Total Value of Stock−Sundry CreditorsNet Eligible Stock equals Total Value of Stock minus Sundry Creditors
: Specifically designed for small business owners and borrowers with open cash credit, packing credit, or SOCC limits.
A stock statement is a mandatory document that borrowers must submit to their bank to report the value and quantity of stock or inventory held as collateral against a credit facility. For Canara Bank, this form is critical for: The form is broadly divided into three main sections: 1
The standard NF1003 format requires detailed transparency regarding your business assets. The form is broadly divided into three main sections: 1. Stock/Inventory Details
The NF 1003 form acts as a declaration of a business's current asset position, which the bank uses to calculate Drawing Power (DP)
: Including receivables older than 90 days is generally not permitted for DP calculation unless specifically allowed in your sanction letter. Godown Inspections including stock statement forms
When looking for an "extra quality" download of the form, visual clarity and functional layout matter. High-quality PDFs ensure that automated banking scanners can read the document and that manual credit officers can review it without errors.
Bank documentation, including stock statement forms, undergoes periodic revisions. While has traditionally been the reference number for Canara Bank's stock statement form, please note that specific form numbers and formats may be updated by the bank.