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PROJECTION REPORT & CMA DATA
Projection Report: An income projection statement is a formal document prepared by finance or accounting officers within a company. It estimates the company’s credibility based on certain assumptions or past trends.
Required Documents for the preparation of Projection Report:
- Previous Income Tax Returns
- Amount of Bank Loan
- Tenure of the Loan
- Details of the Assets of the Business
- Unsecured Loan amount?
- Investment/Capital
- Debtors List
CMA Data Report: CMA data is Credit Monitoring Arrangement data It is the report to be presented to bank to show your past financial history, current financial position and future financial planning. It covers 7 statements related to finance.