Do you need help calculating the based on your current inventory and margins?
Walk into your nearest Canara Bank Large Corporate Branch (LCB) or MSME Cell – they are mandated to provide the new NF1003 format on demand without any charges.
Without a timely submitted NF1003, the following consequences may occur:
| Section | Data Required | | --- | --- | | | Name of firm/company, CC/OD A/c No., PAN, GSTIN, Date. | | B. Stock Statement (Hypothecated) | Opening Stock, Purchases, Sales, Closing Stock (Raw Material, WIP, Finished Goods). Valuation at lower of cost or market price. | | C. Book Debts (Receivables) | List of debtors with invoice no., amount, date of bill, and aging. Only debts up to 90 days are considered for Drawing Power. | | D. Other Assets | Any other current assets hypothecated (e.g., stores, spares). | | E. Certifications | Certificate by the borrower (authorized signatory) and certificate by the auditor (if applicable for limits above ₹5 crore). |