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Now a days, to manage working capital requirements, business owners are moving towards banks to raise funds at lower rates instead of investing their own funds.
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CMA Data • Now a days, to manage working capital requirements, business owners are moving towards banks to raise funds at lower rates instead of investing their own funds. • Banks also initiated various loan schemes for businesses that have strong financial and repayment capacity. When we approach the bank then they ask for Project Report and what is cma data of business. So that they can analyze the financial soundness of business. • CMA Data is one of the most crucial documents required for bank loans. CMA Data is based on audited/provisional/projected financial statements of the business. There are various points we have to cover while preparing CMA data of any enterprises like accurate financial figures, comparative project figures and ratio analysis.
Documents required for preparing project report and CMA Data are as follows: • Income tax returns of the business and its owners • Last 2 years audited financial statements • Provisional financial statements for the year in which we are preparing CMA Data • Cost sheet of direct and indirect expenses • Notes on assumptions used by us while preparing projected financial statements Usually, in cma data interest rate, we have to provide 5 years of comparative financial statements. The CMA Data must be prepared with due care, loan application approval is mainly depended on these financial figures and ratios.