Finance — Project Reports and CMA Data
Banks and other lenders ask for financial documents in specific formats. Chirde and Associates, Chartered Accountants, prepares these documents from the information and records you provide, and explains what each document shows. Lending and scheme decisions rest with the bank or agency concerned; our role is to prepare accurate and well-organised documentation.
Reports, data and documentation
- Project reports and DPRsPreparation of detailed project reports covering the project cost, means of finance, projected financials and repayment schedule.
- CMA dataStatements of past, estimated and projected financials, prepared in the format banks request for assessing working capital limits.
- Term loan documentationAssembling the financial statements, projections, KYC and supporting papers that accompany a term loan application.
- Working capital documentationAssessment of working capital need, and preparation of stock statements, drawing power statements and renewal papers.
- MSME scheme informationInformation on government schemes for micro, small and medium enterprises, and help with preparing the documents each scheme requires.
- Valuation supportPreparation of workings and financial data to support valuations of businesses, shares or assets, coordinating with registered valuers where the law requires one.
- Cash-flow forecastingBuilding monthly or quarterly cash-flow projections to plan repayments, purchases and borrowings.
- Responses to banker queriesExplaining the submitted financials and documents when bank officers raise queries on them.
From requirement to documents
Understand the need
We discuss the purpose of the report or documentation, the amount and period involved, and the lender's requirements.
Collect and verify data
Financial statements, tax returns, project estimates, quotations and other documents are reviewed for completeness and consistency.
Prepare the documents
The report, projections or CMA data are prepared and discussed with you, with assumptions stated clearly.
Hand over and support
The completed file is handed over to you for submission to the lender. We then help with explanations of the figures when queries arise, and with documents for renewals and enhancements.
Businesses this service covers
- MSMEs preparing documents for a term loan or working capital facility
- Entrepreneurs planning a new project or expansion
- Businesses renewing or enhancing existing bank limits
- Agri-businesses and traders who need documentation for institutional credit
- Companies and firms requiring valuation workings or a cash-flow forecast
- Owners exploring government schemes meant for MSMEs
Frequently asked questions
What is a DPR?
A Detailed Project Report is a document describing a proposed project: the business, market, cost, financing, projected income and expenses, and repayment capacity. Lenders and agencies use it to evaluate the proposal.
What is CMA data?
CMA data is a set of statements, often covering past years, current estimates and future projections, in the format that banks use to assess working capital limits and monitor the borrower's operations.
Which documents does a bank usually ask for with a loan application?
Typically these include KYC of the borrower and promoters, financial statements and tax returns for recent years, bank statements, project or business details, projections, and details of security offered. Each bank has its own checklist, so please confirm with the bank.
Who decides on a loan or a scheme benefit?
Decisions on loans and scheme benefits rest with the lending institution or the implementing agency. The firm's role is limited to preparing documentation and explaining requirements. Scheme terms and eligibility change from time to time, so please verify on the official portal of the scheme.
Does every valuation need a Registered Valuer?
No. It depends on the purpose; the Valuation Services page explains when the law requires a Registered Valuer or another prescribed professional.
Discuss a finance documentation requirement
To discuss a finance documentation requirement, write to us at enquiries@chirdeassociates.in or visit our Nagpur or Yavatmal office.