Generally, debtors exceeding 90 days are not included in the drawing power calculation (or need separate declaration). 5. Insurance Details Location where the stock is stored.
: Enter your registered business name exactly as it appears on your loan documents.
The primary purpose of this form is to help the bank determine your for the upcoming period. The Drawing Power is calculated by applying a pre-agreed margin rate to the total eligible current assets (primarily stock and book debts). The bank uses this DP value to compute the specific limit you are allowed to draw from your sanctioned credit line. Monthly, you submit the NF1003 as a self-declaration of your stock and debtor values, which your bank branch then uses to recalculate your Drawing Power for the period. This helps the bank ensure the loan remains adequately secured, while for you, submitting an accurate NF1003 ensures your access to working capital is uninterrupted and correctly calculated.
Enter your registered business name, the exact credit account number provided during loan disbursement, and the specific date of the reporting period (typically the last working day of the month). 2. Stock Valuation
Eligible Stock Value=Paid Stock×(100%−Stock Margin%)Eligible Stock Value equals Paid Stock cross open paren 100 % minus Stock Margin % close paren
You can view or download the NF 1003 Simplified Stock Statement from document sharing platforms like Scribd .
The bank verifies the details with the loan amount to ensure sufficient margin is maintained.
PART C – DRAWING POWER CALCULATION Stock Value (after margin of ___%) : ₹ _______ Eligible Book Debts (after margin) : ₹ _______ TOTAL DRAWING POWER : ₹ _______________
Is the form signed and stamped by an authorized signatory (partner, director, or proprietor)?
Do the figures align with your internal Tally/accounting software reports?
You can access and download the NF1003 form from the following platforms:
If your sanctioned facility includes financing against receivables, you must list your .