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CMA Data Preparation and Certification in Mumbai

Reviewed by CA and CS Team, Patron Accounting LLP ICAI & ICSI Registered| 15+ Years Experience| Last Updated: Verify Credentials →

Includes: all 7 CMA statements, MPBF computation and ratio analysis in the bank-accepted format.

For: businesses applying for or renewing working capital limits, term loans and project loans.

Fees: starting from Rs 9,999 (exclusive of GST and government charges).

Timeline: 3 to 5 working days once financials and projections are shared.

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CMA Data Preparation and Certification: Overview

📌 TL;DR - CMA Data Preparation and Certification Services at a Glance

CMA data is the standardised financial report banks require for working capital and term loan proposals. It has 7 statements covering past performance and projections, and computes Maximum Permissible Bank Finance (MPBF) using the Tandon Committee method. A CA prepares and certifies it in IBA format so the bank can assess and sanction your limit.

Parameter	Detail
Full Form	Credit Monitoring Arrangement (CMA) data
Used For	Working capital limits, term loans, project loans, renewals
Format	Indian Banks' Association (IBA) standard, 7 statements
Key Output	Maximum Permissible Bank Finance (MPBF) via Tandon Method II
Coverage	2 years actuals, current-year estimate, multi-year projections
Cost	Starting from Rs 9,999 (Exl GST and Govt. Charges)
Prepared By	Chartered Accountant; UDIN where certified

CMA data preparation and certification means building the Credit Monitoring Arrangement report that banks require to appraise a loan. The report presents 2 years of audited actuals, the current-year estimate and projections, across 7 standard statements, and computes the Maximum Permissible Bank Finance the bank can sanction.

A well-prepared, CA-certified CMA in IBA format improves the chance and speed of sanction. Patron Accounting LLP prepares and certifies it end to end.

Content is reviewed quarterly for accuracy.

What Is CMA Data?

CMA data, or Credit Monitoring Arrangement data, is a standardised financial report that a borrower submits to its bank to appraise a working capital or term loan proposal. Introduced by the Reserve Bank of India in 1988, it presents a business's historical and projected financials in a fixed format so the bank can judge financial health, repayment capacity and the working capital limit to sanction.

It contains 7 statements, computes the Maximum Permissible Bank Finance, and is most credible when prepared and certified by a Chartered Accountant.

The 7 statements in CMA data:

Particulars of existing and proposed fund-based and non-fund-based bank facilities and their utilisation.
Operating Statement: sales, cost of production, gross and net profit, projected over the appraisal period.
Analysis of the Balance Sheet: current and non-current assets and liabilities, and net worth across years.
Comparative statement of Current Assets and Current Liabilities, the basis of the working capital gap.
Computation of Maximum Permissible Bank Finance (MPBF) under the Tandon Committee method.
Fund Flow Statement: sources and uses of funds across the appraisal period.
Ratio Analysis: current ratio, debt-equity ratio, DSCR and other key indicators.

This pairs with our net worth certificate for a business loan in a complete lender file.

Key Terms for CMA Data Preparation and Certification:

MPBF: Maximum Permissible Bank Finance, the ceiling a bank funds for working capital.
Working Capital Gap: current assets minus current liabilities other than bank borrowing.
IBA format: the Indian Banks' Association standard layout banks expect for CMA data.
DSCR: Debt Service Coverage Ratio, a key measure of repayment capacity for term loans.
Current ratio: current assets to current liabilities, with around 1.33:1 the benchmark.

Built in IBA format, MPBF

Who Needs CMA Data?

Businesses approaching banks for credit need CMA data. Common situations include:

New working capital limits: businesses applying for cash credit or overdraft facilities.
Term and project loans: borrowers seeking long-term finance for assets or projects.
Annual renewals: existing borrowers renewing limits, where banks compare actuals to past projections.
Limit enhancement: businesses seeking a higher limit as operations scale.
Takeover of accounts: borrowers moving facilities to another bank.

How MPBF is computed: Maximum Permissible Bank Finance (MPBF) is the upper limit a bank will fund for working capital. It is built from the Working Capital Gap (current assets minus current liabilities other than bank borrowing), under the Tandon Committee methods.

Method II MPBF = Working Capital Gap minus 25% of Total Current Assets (minimum current ratio 1.33:1)

Method I sets the margin at 25% of the working capital gap (minimum current ratio 1:1) and is shown for reference.
Method II sets the margin at 25% of total current assets and is the basis banks generally use for sanction.
A current ratio of around 1.33:1 follows directly from Method II and is the benchmark banks look for.

Note: the RBI relaxed the mandatory MPBF and 1.33:1 directive in 1997, leaving banks free to set norms, but the MPBF and Tandon Method II framework remains the prevailing basis presented in CMA reports.

Our CMA Data Services

Service	What We Do
Full 7-statement preparation	All CMA statements built and cross-correlated in IBA format.
MPBF computation	Method I and Method II, with the sanction case on Method II.
Realistic projections	Defensible sales, cost and balance sheet projections that banks accept.
Ratio analysis	Current ratio, DER and DSCR presented to support the limit applied for.
CA certification	Certified data with a UDIN where the bank requires it.
Banker-ready presentation	A report formatted for quick appraisal and sanction.

Our Process

5 Steps to Prepare CMA Data

From engagement to a banker-ready, CA-certified CMA report with all 7 statements cross-tied and MPBF computed under the Tandon method.

Step 1

Engagement

Confirm the facility type, amount applied for and the bank's format.

Facility and amount Bank format

Engagement 01

Step 2

Document Submission

Share audited financials, GST and bank statements, and business plans.

Audited financials GST and bank data

Documents 02

Step 3

Verification

Figures verified against records under SA 500 (Audit Evidence) where certification is required.

Verified under SA 500 Against records

Verification 03

Step 4

Modelling

Build the 7 statements, projections and MPBF, ensuring all statements cross-tie.

7 statements Cross-tied

Modelling 04

Step 5

Certification and Delivery

Certify with a UDIN where required and deliver the banker-ready report.

UDIN where required Banker-ready

Delivery 05

Documents Required: CMA Checklist

Audited financial statements for the last 2 to 3 years.
Provisional financials for the current year.
Bank sanction letter or loan application details.
GST returns and bank account statements.
Business plan, projected sales and order book.
Details of existing facilities and repayment schedules.

What the CMA report contains: the borrower profile, facilities applied for and existing limits; the operating statement with historical and projected performance; the balance sheet analysis and net worth across years; the comparative current assets and liabilities, and the working capital gap; the MPBF computation under the Tandon methods; and the fund flow, ratio analysis, and CA certification with UDIN where applicable.

Common Challenges and How We Solve Them

Challenge	Impact	How Patron Accounting Solves It
Statements that do not cross-tie	Report loses credibility	We ensure all 7 statements correlate exactly.
Unrealistic projections rejected by the bank	Proposal questioned or cut	We build defensible, justifiable projections.
MPBF computed on the wrong method	Wrong limit applied for	We present Method I and base sanction on Method II.
Weak ratios undermining the proposal	Appraisal concerns	We highlight and strengthen current ratio and DSCR.

CMA Data Preparation Fees

Fee Component	Amount
Patron Accounting Professional Fees	Starting from INR 9,999 (Exl GST and Govt. Charges)
UDIN generation (ICAI), where certified	No separate government charge
Larger loans or multiple projection years	Quoted after a quick review
GST	As applicable on professional fees

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

Professional service charges for drafting, filing, and representation are separate from the statutory fees. The exact fee depends on the complexity of the case, disputed amount, and number of hearings required. Contact us for a detailed quote.

Get a free CMA Data Preparation and Certification consultation - Call +91 945 945 6700 or WhatsApp us. No-obligation assessment.

How Long Does It Take?

Stage	Estimated Timeline
Share audited financials and projections	Day 1
Modelling the 7 statements and MPBF	2 to 3 working days
Review, certification and delivery	3 to 5 working days
Complex or multi-facility proposals	Longer, depending on scope
Report aligned to your bank timeline	Submission deadline

Most CMA reports are prepared within 3 to 5 working days of receiving audited financials, projections and facility details. Complex proposals with multiple facilities or detailed projections may take longer. We work to your bank's submission timeline so your loan appraisal is not delayed.

Key Benefits

Benefits of Professional Preparation

Higher sanction odds

A well-built, cross-tied CMA improves the chance and speed of approval.

Right limit

MPBF computed correctly so you apply for and justify the right amount.

Credibility

CA certification gives the banker independent assurance.

Defensible projections

Realistic numbers that hold up to appraisal scrutiny.

Why Borrowers Trust Patron Accounting

10,000+ Businesses | 4.9 Google Rating | 50,000+ Documents Certified | 15+ Years

"Patron built our CMA data for a working capital enhancement. The 7 statements tied perfectly, the MPBF justified our limit, and the bank sanctioned without back-and-forth. - promoter, manufacturing business"

Trusted by businesses across sectors, including teams at Hyundai, Asian Paints and Bridgestone. With offices in Pune, Mumbai, Delhi, and Gurugram, Patron Accounting serves borrowers across India - both in-person and remotely.

DIY Software vs CA-Prepared CMA

Factor	DIY Software	CA-Prepared (Patron)
Statement accuracy	Risk of statements not tying	All 7 statements cross-tied
Projections	Generic templates	Defensible, business-specific
MPBF and ratios	Auto-filled, often unchecked	Reviewed and justified to the bank
Certification	None	CA-certified with UDIN where required

Related Services

Explore our banking and certification services:

Net Worth Certificate for Business Loan - part of the lender file alongside CMA.
Turnover Certificate - CA-certified turnover statement.
Turnover Certificate for Current Account - for banking and current-account needs.
Net Worth Certificate for Companies - corporate net worth needs.
Net Worth Certificate - CA-certified net worth statement.
Private Limited Company Compliance - ongoing ROC and statutory compliance.

Banking and Compliance Framework

Origin: the Credit Monitoring Arrangement was introduced by the Reserve Bank of India in 1988, replacing the earlier Credit Authorisation Scheme.

MPBF basis: the Maximum Permissible Bank Finance framework originates from the Tandon Committee (1974) and Chore Committee (1979); the mandatory 1.33:1 directive was relaxed in 1997, but MPBF and Method II remain the prevailing appraisal basis presented in CMA reports in the Indian Banks' Association format.

Certification: the ICAI standards SA 200 and SA 500 govern CA certification, with a UDIN verifiable at udin.icai.org.

What is CMA data and why do banks need it?

CMA data, or Credit Monitoring Arrangement data, is a standardised financial report a borrower submits to its bank to appraise a working capital or term loan. It presents historical and projected financials in a fixed format so the bank can assess financial health, repayment capacity and the limit to sanction. Banks require it for working capital limits, term loans, project loans and renewals to make and monitor credit decisions.

What are the 7 statements in CMA data?

CMA data has 7 statements: particulars of existing and proposed bank facilities, the operating statement, analysis of the balance sheet, a comparative statement of current assets and liabilities, computation of Maximum Permissible Bank Finance, the fund flow statement, and ratio analysis. The statements must cross-tie, meaning the figures in one must correctly flow into the others for the report to be credible.

What is MPBF and how is it calculated?

Maximum Permissible Bank Finance, or MPBF, is the ceiling a bank will fund for working capital. Under the Tandon Committee Method II, MPBF equals the working capital gap minus 25 percent of total current assets, which gives a minimum current ratio of 1.33 to 1. Method I uses 25 percent of the working capital gap. Banks generally base the sanction amount on Method II.

When is CMA data required?

Banks require CMA data when sanctioning a new working capital limit, a term loan or a project loan, when renewing an existing limit, when enhancing a limit, or during a takeover of facilities by another bank. As a practical matter, larger proposals, for example working capital above a few crore or term loans above Rs 2 crore, almost always require a detailed CMA, though banks apply their own thresholds.

How much does CMA data preparation cost?

At Patron Accounting, CMA data preparation and certification starts from Rs 9,999 (exclusive of GST and government charges). This is positioned at the professional floor for CA-led work and reflects full preparation and certification of all 7 statements with MPBF and ratio analysis. DIY software is cheaper but does not include CA review or certification. Final fees depend on loan size and projection years.

Does CMA data need to be certified by a CA?

While not every bank insists on certification, a CA-prepared and certified CMA carries far more credibility, because the banker gets independent assurance that the financials and projections are sound and that the statements cross-tie. For larger proposals, banks often expect CA-certified data. We prepare the CMA and certify it with a UDIN where the bank requires it.

Can projections in CMA data be too optimistic?

Yes, and overly optimistic projections are a common reason proposals are questioned or rejected. Banks compare projections against past performance and industry norms, and against actuals at renewal. We build defensible projections grounded in your order book, capacity and history, so the MPBF and the limit applied for stand up to appraisal scrutiny rather than inviting cuts.

CMA data preparation kaise kare?

Apni audited financials, projections aur facility details CA ko dijiye; hum IBA format mein saare 7 statements, MPBF aur ratios taiyaar karke, zaroorat par UDIN ke saath certified CMA report dete hain.

Quick Answers

Full form? Credit Monitoring Arrangement data.
Statements? 7, in IBA format.
Key output? MPBF via Tandon Method II.
Current ratio? Benchmark around 1.33:1.
Cost? Starting from Rs 9,999 plus GST.

Get Your CMA Data Prepared Now in Mumbai

Get your CMA data prepared now. Call +91 945 945 6700 or message us on WhatsApp for a free quote. IBA format, MPBF and CA-certified.

Get Your CMA Data Prepared Today in Mumbai

CMA data preparation and certification turns your financials and projections into the 7-statement, IBA-format report banks need to appraise and sanction a loan, with MPBF computed under the Tandon Committee method. A well-built, CA-certified CMA improves both the odds and the speed of sanction.

Patron Accounting LLP, with 15+ years of experience and offices in Pune, Mumbai, Delhi and Gurugram, prepares and certifies CMA data for borrowers across India. 10,000+ Businesses | 4.9 Google Rating | 50,000+ Documents Certified.

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Certification Services Across India

We prepare and certify CMA data and related banking certificates for borrowers in major cities and remotely across India.

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Content Created: 8 June 2026 | Last Updated: | Next Review: 8 March 2027 | Reviewed By: CA & CS Team, Patron Accounting LLP

This page is reviewed on a 9-month cycle and whenever RBI norms or the IBA CMA format change, so the information stays current and accurate.

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