The bank calculates the Drawing Power (DP) based on the value of the stock and debtors, after applying the prescribed margin. As per typical guidelines, 25% of the CC limit is margin money, and the balance 75% is to be shown in the stock statement.
Ensure the figures you enter match your balance sheet, trial balance, or inventory management software for the last day of the month.
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Value raw materials at purchase cost or invoice price. Finished goods must be valued at the lower of cost or market value. Avoid inflating values, as it can cause discrepancies during periodic bank inspections. NF 1003 Simplified Stock Statement | PDF - Scribd
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Canara Bank Stock Statement Form NF1003: Complete Guide and PDF Download
To ensure your Drawing Power is calculated correctly and your submission is accepted without queries: This public link is valid for 7 days
Securing a working capital limit, such as a Cash Credit (CC) or Overdraft (OD) facility, is a vital way for businesses to maintain smooth operations. If you hold a commercial loan with Canara Bank backed by inventory and receivables, submitting a monthly stock statement is a mandatory compliance requirement.