Welcome to Harchandani & Associates, your trusted partner in navigating the intricate landscape of financial advisory and consultancy services. We specialize in providing comprehensive assistance in the preparation of CMA Data and Project Reports, essential for securing various types of loans from banks. Our expertise caters to a diverse range of entities including MSMEs, startups, proprietorship, partnership firms, and companies.
CMA Data Services:CMA (Credit Monitoring Arrangement) Data is a financial analysis report required by banks when evaluating working capital and term loan proposals. It covers 2 years of actuals and 3–5 years of projections — P&L analysis, Balance Sheet, working capital cycle, fund flow, ratio analysis, and Debt Service Coverage Ratio (DSCR). Banks use it to assess repayment capacity and creditworthiness before sanctioning credit limits.
CMA Data focuses on quantitative financial analysis to assess loan repayment capacity. A Project Report is a comprehensive document for new ventures or expansions that includes promoter background, project technical details, market feasibility study, SWOT analysis, and detailed financial projections. Banks often require both: CMA Data for working capital loans and a Project Report for term loans and MSME scheme applications.
CMA Data is required for: working capital facilities (Cash Credit/Overdraft), term loans for plant & machinery or expansion, MSME loans under CGTMSE or Mudra, project finance from SIDBI or NABARD, and enhancement of existing credit limits. PSU banks follow IBA/RBI formats while private banks use proprietary formats, but the core financial analysis is consistent across all.
For CMA Data: audited financial statements for the past 2–3 years, existing loan details and repayment schedule, bank statements, debtor/creditor details, and projected sales and cost estimates. For a Project Report: additionally, promoter bio-data, project details, land/building/machinery quotations, market research data, government approvals or licenses, and the proposed means of financing (equity and debt components).
Yes. For startups with no historical financials, a well-prepared Project Report is the primary tool for securing term loans under government-backed schemes like PMEGP, Mudra (Kishor/Tarun), Stand-Up India, or CGTMSE-covered loans. The bank evaluates the promoter's background, commercial viability, reasonableness of projections, and proposed collateral. A CA-certified, professionally prepared report significantly improves approval prospects.