Is CMA Data to be submitted annually to banks? and apart from CMA Data what documents to b submitted??what is the format of CMAdata??
9 Replies
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 31 January 2012
Plz find the attachment herewith.....
Attached File : 479918 919589 projections.xls downloaded: 3602 times
Srilakshmi
(CA Final)
(141 Points)
Replied 31 January 2012
No, not every year.
when there is enhancement of fund based limits then cma data and projected FS to be submitted to banks.
CA Abhilash Ki. Bajpai
(Accounts & Taxation Manager)
(27 Points)
Replied 31 January 2012
NICE ONE..............
Hemant Kumar
(Accounts Manager MBA (Fin) CMA*)
(6450 Points)
Replied 31 January 2012
There is no need to submit CMA Data to bank every year. If your company want to increase your Loan limit or adhoc your loan limit coz of increaing the project cost, then and then only you should must to submit the CMA Data to bank. You have to attach all the documents relating to show the increase the cost of project. Attach Revised Detailed Project Report if bank require.
C.A. P. HAREESH KUMAR
(PRACTICE)
(375 Points)
Replied 16 March 2012
IT IS NOT LIKE THAT - LIMITS WHEN EXPIRES NEED TO BE RENEWED WHETHER IT INVOLVES ENHANCEMENT OR NOT . LIMITS FOR WORKING CAPITAL IS NORMALLY FOR A PERIOD OF 1 YEAR - HENCE IT IS BETTER TO SAY OR ANSWER THAT EVERY ENHANCEMENT AND RENEWAL NECESSITATE FRESH CMA
CMA Factory
(Finance Professional)
(31 Points)
Replied 04 May 2014
As many of our expert have clarified here that CMA data is required whenever there is renewal./limit change. We have experts to provide any service related to CMA Data. Visit us at CMA Factory (https://cmafactory.in) and get solution for any of your CMA Data requirement.
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