Hi
Can anyone tell me when CMA Data Reports are to be submitted to the bank i.e. upto what limit of loan banks ask for CMA. Secondly when bank asks for stock audit.
Thanx
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Stock Audit and CMA Data Report
Replies (4)
| Originally posted by :Naina | ||
| cma data is required only when your credit facilities from a bank is one crore or more"stock audit only when you borrow the money once in a year any time depending upon the bank |
||
But I have been preparing CMA Reports for bank loans even upto 10 lacs.
| Originally posted by :Naina | ||
| " | But I have been preparing CMA Reports for bank loans even upto 10 lacs. | " |
thr is not any limit.
it depends on bank guide lines and their requirements.
Can Bank ask for age - wise creditors as well. I think generally bank ask for age-wise debtors only. But in one of our cases they are asking for it.
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