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Once your statement is ready, you have a few options for submitting it to the bank:

: Lenders rely on the NF-1003 to assess the borrower's creditworthiness. Whether you are a small business owner, a corporate company, or an individual borrower, submitting an accurate and up-to-date stock statement is a prerequisite for securing and maintaining various types of credit facilities.

Forgetting to deduct current creditors artificially inflates your stock value, which constitutes a compliance violation. How to Get Form NF-1003

The form is divided into sections to capture the value of current assets and liabilities: Particulars of Stock Categories

A stock statement includes a full list of inventory items, their quantities, the cost or realizable value per unit, and the total value. It is typically a 2–4 page document. For accounts with both stock and book debts, a statement showing the age-wise analysis of receivables is often required. The statement must be certified by a Chartered Accountant (CA) or the borrower, depending on the loan agreement.

: Debts older than the permitted limit are excluded from drawing power calculations. Particulars of Unpaid Stocks