Every bank loan application for working capital or a term loan needs one document before the bank even looks at the proposal: a CMA report. It is the standard financial package that shows how the business has performed. It also shows what the business projects, and whether it can service the loan.
Saakh is a free CMA report maker that builds this complete package online. It covers CMA data, projected statements, MPBF, DSCR and ratios in one place. Open Saakh, the free CMA report maker, enter the figures once, and every statement updates together. You will find it listed with the other free tools on Study From Notes.
What a Free CMA Report Maker Does for a Bank Loan
Saakh is a free CMA report maker for bank loans. It turns raw profit and loss and balance sheet figures into the full CMA package a bank expects. It covers CMA data, projected statements, MPBF, DSCR and ratios. The finished package is ready for the project report file.
CMA stands for Credit Monitoring Arrangement. The format comes from the Reserve Bank of India era, when banks monitored large borrowers through standardized data. The structure has stayed the industry standard ever since. Banks ask for this data in the CMA format for cash credit, working capital and term loans alike. The format lets a credit officer compare any two businesses on the same grid.
However, preparing it by hand in a spreadsheet is slow and error-prone. One changed figure in the profit and loss account has to flow into five other places. It must reach the balance sheet, the ratios, the MPBF calculation and the cash flow statement. Miss one link and the statements stop agreeing with each other, which is exactly what a bank notices first. A CMA report maker removes that risk because every statement is generated from the same set of figures.
What the Free CMA Report Maker Builds for You
The maker generates the complete set of statements that make up a CMA report. Nothing here is a partial summary; it is the full package a credit officer works through.
- CMA data and operating statement: the core data sheet with past, current and projected years side by side, including head-wise change percentages on every line item, so growth and cost movements are visible at a glance.
- Projected balance sheet and profit and loss account: projections built from your inputs, presented in the format banks read every day.
- MPBF assessment: the Maximum Permissible Bank Finance calculation that shows how much working capital finance the business qualifies for under the standard method.
- DSCR: the Debt Service Coverage Ratio that tells the bank whether projected cash accruals cover the loan repayment comfortably.
- Ratio analysis: current ratio, debt equity ratio, and the other key ratios banks benchmark, computed automatically from the same figures.
- Cash flow statement: projected cash movement year by year, so the bank can see where cash comes from and where it goes.
- Fund flow statement: the sources and uses of funds across the projection period.
Every report is cross-linked to the same figures. As a result, one correction updates the whole package. That single-source design is the main reason to use a CMA report maker instead of a set of disconnected spreadsheets.
How a CMA Report Fits Inside a Project Report for a Bank Loan
A project report for a bank loan has two halves. The first half is the business story: the promoters, the product or service, the market, the location, the machinery and the approvals. The second half is the financial case, and that financial case is the CMA report. Banks read the CMA package to judge viability, repayment capacity and the size of limit the business can support.
Saakh helps with the financial half. It builds the CMA package that goes inside the project report file you submit with your loan application. It does not write the business narrative of a project report, and it is not a standalone project report generator. Think of it this way. You or your consultant write the story of the project. Saakh prepares the numbers that prove the story, in the exact format the bank wants.
For an MSME applying for a working capital limit, the CMA data, MPBF and current ratio carry the most weight. For a term loan, the projected profit and loss account, DSCR and cash flow statement decide the outcome. Saakh produces both sets from the same inputs, so one preparation covers either kind of application.
How to Use the Free CMA Report Maker: Saakh Step by Step
Before you start, keep the past profit and loss accounts and balance sheets ready. Have your projection assumptions ready too. Then the flow is:
- Business Info: enter the business name and basic details that appear on the report.
- Report Years: choose the years to include, covering past actuals, the current year and the projection years your bank expects.
- Import Data: upload an Excel, CSV or PDF file to prefill the figures, or type them in directly.
- Profit and Loss: review and adjust the profit and loss figures head by head.
- Balance Sheet: enter the balance sheet figures so assets, liabilities and net worth agree with the profit and loss account.
- Project Annexures: add the annexure inputs the projections depend on, such as term loan repayment and depreciation workings.
- CMA Statements: open the generated statements and check each one: CMA data, projections, MPBF, DSCR, ratios, cash flow and fund flow.
- Export: download the finished package as an Excel file or a print-ready PDF and place it in your loan file.
The whole flow is one sitting of work. Finally, export only after a last check, so the statements you file always agree with each other.
Who Should Use a Free CMA Report Maker?
Chartered Accountants and consultants who prepare CMA data for client loan proposals get the clearest gain. A package that takes hours of spreadsheet work comes together in one pass, and the cross-linked statements remove the most common source of bank queries.
MSME owners and businesses applying for a working capital limit or a term loan can prepare the financial package before they walk into the bank. They can also check the numbers their bank will see first: the MPBF, the DSCR and the current ratio.
Finance teams preparing renewal proposals for existing limits can reuse the same structure year after year, updating figures instead of rebuilding the file.
Honest Limits to Know Before You Rely on It
The tool carries its own warning on the report, in its own words: Saakh can make mistakes. Please verify all figures before relying on this report. That advice is sound for any CMA preparation tool. The projections are only as honest as the assumptions behind them, and a bank will test those assumptions.
Therefore, check every figure and keep growth and margin assumptions defensible. The final responsibility for the numbers in a loan file stays with the applicant. It also stays with the professional who signs off on them. There is no account and no sign-up, so keep your own copy of the exported file for your records.
The tool is also free in the plain sense of the word: no subscription and no paid tier. CMA reports like this are usually paid work or paid software. Saakh was built to give the same package to any CA or business at no cost.
About the Developer
Saakh was developed by CA Anshul Karwa, a Chartered Accountant who builds free tools for the finance and CA community. The name Saakh means credibility, which is what a well-prepared CMA report gives a loan application. His tools share one philosophy: do a single job well, keep the interface clean, and charge nothing. Saakh applies that philosophy to CMA preparation for bank loans.
Get Saakh free:
Frequently Asked Questions
Q: Is Saakh really free?
A: Yes. The full CMA package is free, with no subscription and no paid tier.
Q: What is a CMA report for a bank loan?
A: It is the standard financial package a bank requires with a working capital or term loan application. It covers past and projected performance, the MPBF working capital assessment, DSCR, key ratios, cash flow and fund flow.
Q: Does Saakh write a complete project report?
A: No. Saakh builds the CMA package, which is the financial part of the project report file. The business narrative of a project report still needs to be written separately.
Q: Which statements does Saakh generate?
A: The full set described above: CMA data, the operating statement, projections, MPBF, DSCR, ratios, cash flow and fund flow.
Q: Do I need an account to use Saakh?
A: No. Saakh needs no sign-up, so you can start with your figures and build the report in one sitting. Keep your own copy of the exported Excel or PDF file for your records.
Q: Can I export the report for my loan file?
A: Yes. The finished package exports to Excel and to a print-ready PDF.
A Maheshwari is a Chartered Accountant writing on CA exams, tax, and finance careers in India.
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