Advertise your Business Here

Browse

Placement Papers

Company

| |

Code Snippets Search

Certifications

Visa Questions
new

Post Question

Post Answer

My Panel

Articles

Topics

ERRORS

Refer this Site

Login | Sign Up

Did you received any Funny E-Mails from your Friends and like to share with rest of our friends? Yeah!! you can post that stuff HERE

Search

Categories >> Accounting >> Accounting AllOther

Audit Interview Questions CompanyAffairs CS Interview Questions Taxation Interview Questions Accounting General Interview Questions Accounting AllOther Interview Questions

Question What is CMA Data? Explain in detail. Question Submitted By :: Rohini I also faced this Question!! Answer Rank Posted By Re: What is CMA Data? Explain in detail. Answer credit monitoring 2 Kiran # 1 analyasis
Is This Answer Correct ?

312 Yes 71 No

Re: What is CMA Data? Explain in detail. Answer The fullform of CMA 1 Ketki # 2 is Critical Monetary Phatak

Analysis. It is required by Banks and other financila institutions, to ntrospect or study the minutes of balancesheet and other financial statements of a body corporate for financing their projects. In other words it is the detailed explaination of the balancesheet and other financial ratios of the Firm or any other Body corporate.
Is This Answer Correct ?

263 Yes 125 No

Re: What is CMA Data? Explain in detail. Answer credit monitoring 4 Sudhir # 3 analysis. The banks Kuttappan

requires this to see the performance of the company. The report shows the performance done last 3 years & projected report for next two years. By judging the figures the banks can sanction loan to the company.
Is This Answer Correct ?

193 Yes 43 No

Re: What is CMA Data? Explain in detail. Answer CMA means Credit 5 Rajesh # 4 Monitoring

Arrangements. This full form of CMA is as given by Reserve Bank of India. For arranging working capital finance information about income, expenses, assets & liabilities is required to be given in a specific format to the bank by applicant. This specific format is referred to as CMA Report / CMA Data.

Audited P & L A/c & Balance Sheet of at least last 1 year, estimates of current year & projections of next at least 2 years are provided to bank by the applicant along with Funds Flow Statement, Ratio Analysis, Comparative Statement of Current Assets & Current Liabilites & Statement of Maximum Permissible Bank Finance. Number of years for which data is required may vary from bank to bank. Even after getting the finance such data is required to be submitted to the bank periodically.
Is This Answer Correct ?

170 Yes 26 No

Re: What is CMA Data? Explain in detail. Answer it is data used to 0 Deepakk # 5 monitor and analyse Singh

the credit rating of any customer.. it is generally for the purpose of granting the Cash Credit or can be also called

for Working capital grant.. it is a detail study of the financial position of the customer and is based on the tandon committee report for the purpose of grant of working capital.. it is a systematic format which reveals the actual position of the customer in relation to his credit rating.it is based upon an actual year, an estimated running year and two projected year \balance sheet and activity records.
Is This Answer Correct ?

45 Yes 18 No

Re: What is CMA Data? Explain in detail. Answer RBI introduced 0 Rajender # 6 Credit Monitoring Kumar

Arrangement (CMA) after discontinuing Credit Authorisation Scheme (CAS) in 1988. Under CMA system, RBI prescribed two sets of formats viz (i) Assessment of working capital requirements and

(ii) Monitoring through Quarterly Information System (QIS), to cover borrowers i.e. General Category and Traders & Merchant Exporters. The Credit Monitoring Arrangement (CMA) under which banks were required to report to RBI the details of credit facilities sanctioned to large borrowers from the banking system for post sanction scrutiny was also discontinued in December 1997 and in lieu thereof a new reporting system was put in its place. Where assessment of working capital limits is done as per Simplified Turnover method (Nayak Committee), information on Credit Monitoring Arrangement (CMA) data base forms is not required.In order to avoid unnecessary paper work which causes delay in

sanction of credit facilities including SMEs, it is required that where assessment of working capital limits is done as per Simplified Turnover method (Nayak Committee), information on Credit Monitoring Arrangement (CMA) data base forms shall not be obtained.
Is This Answer Correct ?

73 Yes 15 No