• All assumptions and estimates used in preparation of CMA should be mentioned separately.
• Future projections should be realistic and not merely arithmetic multiples of current performance.
• Fluctuations in performance should be strongly justifiable.
• All fixed assets, depreciation and loan repayment schedules should be annexed and linked to CMA Data.
• Past performance and actual numbers should be exactly as per Audited Financials.
• The company should be able to justify the performance and numbers projected.
• In case of multiple businesses activity or locations, detailed annexure should be attached showing breakup of how the projected numbers are arrived at
• CMA Data should represent a viable business performance – over borrowing is unfavourable and cannot be justified through financial ratios It is important to note that even though a CMA Data is a very detailed analysis of the Profit and Loss statement and balance sheet of a company, there are only a handful of ratios and indicators on which loan eligibility is decided.

The key to preparing a good CMA Data is to present a healthy financial projection, but and at the same time – to communicate that funds are needed for expansion. Hence a perfect balance needs to be achieved and explained through the CMA Data – that the company is healthy enough to repay the loan but not so much that it can expand without availing the loan.