What’s included, and what’s not

Projected Financial Statements and CMA Data at a glance

Confirm the requirement, scope and external charges before preparation begins.

Starting professional fee

Quote after review

For the agreed review and preparation scope.

Number of years for which projections required
Validation of financial ratios
Projection and assumption preparation
Presentation and revision support

Review my requirement

Confirm before starting

Additional work are separate

Additional number of years beyond 3 years, Preparation of provisional financial statements, CMA (Credit monitoring analysis) data, DSCR report.

No surprise work: inclusions, exclusions and any additional charges are agreed with you before we proceed.

First decision

Confirm that this is the right service

Check the applicant, purpose, period, authority and desired outcome before collecting documents.

Timing note

External processing time can vary

In case of preparation of provisional financial statements, CMA data and DSCR report additional time is required for preparation of each statements.

Documents to keep ready

Information and documents to prepare

Choose your situation for the right checklist. Clear, consistent documents help avoid follow-up queries and delays.

01

Business and proposal

This details on proposed increase in level of activity, or additional line of business will allow us to ascertain the expected funding.

Business profile and loan purpose

Project cost and mode of funding

Requested facility and repayment terms

Capacity, products, customers and suppliers.

Consistency check: names, addresses, dates and amounts should match across all documents — mismatches are a common cause of delay.

Additional documents: the final checklist is tailored to your case, so you only prepare what’s actually needed.

A quick check to find your route

Which of these sounds like you?

Choose the option closest to your situation for a starting route and the next step. We’ll confirm the details with you.

QUICK ROUTE CHECK

Start with the right service route

The same service can mean different applications depending on your facts. This helps you find the right starting point.

Focuses on the immediate requirement

Shows the likely starting route

Explains the next action

Select the situation that best matches your requirement.

Suggested starting route

Confirm with a consultant

Your situation	Initial fit	Route	Why or next step
Bank term loan, cash credit or working-capital proposal	Review route	Bank CMA data	Build assumptions, operating statement, balance sheet, cash flow and ratio workings.
Startup or investor planning	Review route	Investor projections	Focus on revenue drivers, runway, unit economics and funding use.
Subsidy, tender or viability requirement	Review route	Prescribed project report	Follow the authority's format and evidence requirements.

Compare before proceeding

The two most common routes, compared

Use the closest route as a starting point; the final scope depends on the underlying records.

Route 1

Bank CMA data

Bank term loan, cash credit or working-capital proposal
Build assumptions, operating statement, balance sheet, cash flow and ratio workings.
Confirm the required evidence, timing and exclusions before preparation.

Route 2

Investor projections

Startup or investor planning
Focus on revenue drivers, runway, unit economics and funding use.
Confirm the required evidence, timing and exclusions before preparation.

Decision checkpoint: The right route depends on your specific facts — the applicant, purpose, period and any deadline — not just the service name.

Why this is worth doing properly

Benefits of an organised Projected Financial Statements and CMA Data process

Done properly, you’re left with the right financial ratios and outcome and dependable assumptions.

Prepare the operating statement, balance sheet, fund-flow and ratio schedules in the lender’s required CMA format.

Prepare the operating statement or P & L, balance sheet, fund-flow and ratio schedules in the lender’s required CMA format and with financial ratios validation.

Use available actual financial results as the base and document the assumptions used for projected revenue, cost and margins.

Projection statement is noting but a extrapolation of the existing financial particulars after considering the expected increase in sales and other figures due to increase in working capital and long term capital.

Work through inventory, receivable, payable and bank limits to support the working-capital and MPBF assessment.

Analysis of maximum production capacity, unutilized capacity, scope for improvement in each element of working capital, other limiting factor and finally assessing the maximum required working capital and maximum permissible bank finance.

Show projected cash accrual, repayment commitments and DSCR so debt-service capacity can be reviewed clearly.

Mapping each attributes that will result in increase in turnover will establish the clear relationship between the factors and its resilts.

Present capital structure and lender ratios—including TOL:TNW and current ratio—consistently across the proposal.

Working capital and fixed capital is clearly differentiated and where the funded money goes, and what is the impact on the turnover ratios.

Five clear stages

How the work is done — five clear stages

You’ll know which stage you’re at, from the first call through to a checked submission and a clear outcome.

1

Confirm lender, facility and projection horizon

Confirm the source of finance, nature of credit facility such as overdraft for working capital, term loan for asset funding, number of years for which projection is required.

2

Collect historical accounts and operating assumptions

Previous years financial statements, reports are collected and limiting factors are identified to assess why there is variation in the turnover and different expenses and their relationships. .

3

Build projected profit, balance sheet and cash flow

Projected financial statements are prepared after arriving at the turnover and the funding requirements.

4

Calculate DSCR, current ratio and lender workings

Different financial ratios such as debt service coverage ratios. asset turnover ration, current ratio, and other required ratios are calculated as per the requirement of the lender.

5

Review sensitivities and issue the final CMA pack

Final critical factors are reviewed and validated for the desired outcome and funding.

Keep the process smooth

Before you start, and after you finish

A short checklist to help avoid delays now and keep the records you’ll need later.

Before starting

Confirm the exact service requirement and format if any
Check the applicable date, period or deadline
Collect complete and readable supporting records
Collect critical data required for the projected financial statements.
Approve the final scope and separate costs

After completion

Submit to the lender and validated that the statement matches the lender requirements.
One post completion modification support at minimum cost.
Preserve the documents.

Questions people ask us most

Projected Financial Statements and CMA Data FAQs

What does CMA data contain?

A bank projection and CMA pack commonly includes historical and projected operating statements, balance sheets, cash flow or fund flow, working-capital analysis and ratios.

How many projected years are needed?

Generally the package includes 3 years of projection statement and related CMA data, DSCR report and other ratios .

What assumptions must the client provide?

Sales volume, pricing, gross margin, expenses, capital expenditure, current fixed capital and working capital, repayment, working-capital cycle and promoter contribution should be supportable.

What ratios will the bank review?

The lender may review DSCR, current ratio, leverage, working-capital gap and other policy-specific measures. Required benchmarks vary by bank and facility.

Are revisions included?

Agree the number of lender-response revisions in writing. A material change in facility, assumptions or project scope may require additional work.

Official references: Reserve Bank of India. Rules, forms, fees and authority procedures can change; confirm the current position before submission.

Content reviewed: August 2026.

Projected financial statements and CMA data in Chennai