Drawing Power Reduction: Your "Drawing Power" (DP) is calculated based on the value of the stock reported in the NF1003. If you don't submit it, the bank may assume your stock has depleted and reduce your available credit limit. Key Components of the NF1003 Form
The NF1003 is a data-heavy form requiring detailed breakdowns of:
: This form is highly rated for its simplicity compared to the more complex NF 902 or NF 540 versions. It is specifically designed for working capital credit limits up to ₹10 lakhs Drawing Power Reduction: Your "Drawing Power" (DP) is
: Details on opening stock, purchases/additions, sales, and closing stock for the reporting period.
Deduct dead stock, scrap, or obsolete items from the total valuation. It is specifically designed for working capital credit
Banks typically use this statement to:
Canara Bank Stock Statement Form NF1003: A Complete Guide for Borrowers Drawing Power Reduction: Your "Drawing Power" (DP) is
| Particulars | Value as per Books (₹) | Value as per Physical Verification (₹) | | :--- | :--- | :--- | | Raw Materials | | | | Semi-Finished Goods | | | | Finished Goods | | | | Consumable Stores | | |