Description

CMA Report

₹ 6,000/- (inclusive all)

  • Review of Business/Documents.
  • Draft CMA Report
  • Final CMA Report 

Procedure

Review of Business

For preparing a viable and realistic CMA data report online, it is very important to understand your business. our Compliance Manager will get in touch with you for the same. It will take into consideration all the peculiarities of your business.

Draft CMA Preparation

Based on the understanding of your business, our Compliance Manager will take into consideration various assumptions for your sales growth, expenses projections, cash inflow and outflows, your assets and liabilities estimations.

Final CMA Report

Taxfry Compliance Manager will discuss Draft CMA with you. You will receive a final copy of the CMA report which is ready for submission to your bank. We undertake up to 2 iterations to your CMA report in case of any queries from the Bankers.

Knowledge Portal

What is CMA Report ?

CMA Report stands for Credit Monitoring Arrangement report. In this, past, present and projected figures are put in a defined format (prescribed by RBI) with all the required financial analysis and ratios. This helps Bankers and Financial Analysts to ascertain the financial health of a business. All Bankers request all loan applicants to prepare and present a realistic CMA report to understand the flow and application of funds in a business. Since CMA report is prepared based on various assumptions, it is very imperative that the assumptions used are realistic and viable.

CMA Report is essentially an assessment of Working Capital Needs of a business. Bankers take into account various factors while funding the working capital needs. There are certain industry standard Ratios which need to be in place for a bank to be comfortable to grant working capital (Cash Credit) against Stock and / or Debtors balance.

In case you need to present this to investors, you may get business plan prepared by us as well. Finance experts team at Taxfry.in will undertake preparation of your CMA report considering all RBI/Banking norms and normal Industry Standards. This will ensure that your business gets required working capital funds at the right time and without much hassles.

Points to be consider in CMA Report

1.Mandatory For Loans

You would need a professionally drafted CMA report for all loans that you apply for with the banks. It is a format mandated by Reserve Bank of India. It is adopted by all nationalized, co operative banks and private sector banks in India. No working capital loans can be sanctioned without an appropriately drafted CMA report.

2.Ratio Analysis

Among other things, a typical CMA report also includes a detailed Ratio analysis of your business. Financial Ratios are quick indicators of your business’s health. Major Ratios included are Current Ratio, Sales turnover Ratio, Stock Turnover Ratios, Debtor and Supplier working cycles, among others.

3.Norms

RBI has set certain norms for assessing the working capital needs of a business. Also, there are certain set Industry Standards, which various banks take into consideration. Taxfry Compliance Manager takes care of all RBI mandates and usual Industry Standards to prepare an accurate CMA report.

Frequently Asked Questions

1.Do you get business loans approved?

In this service, we help you end-to-end with respect to the preparation of a complete CMA data  online as per the format for the bank loan along with covering letter for the purpose of submission to the bank. Approval depends on bankers and their norms.

2.What do I do if I have to buy a machinery on loan?

You can get a business plan prepared from us. Machinery loan will be a term loan repayable in a period of up to 7-10 years mostly.

3.Is my financial data secure?

Yes absolutely. You will be dealing with a professional team of MBAs and CAs for getting your CMA prepared. We ensure complete security and confidentiality of your data.

4.What is working capital?

Working capital is that capital which is needed to run your routine operations.

5.Do you guarantee approval of CC?

We have a team of MBAs and CAs working for you. This team is very much conversant with RBI norms and also bank-specific norms. However, approvals entirely depend on various factors such as your CIBIL score, your repayment capacity, your business outlook etc.