NAADIनाड़ी
MSME-2402T3 GST · UPI · AA · EPFO

Meenakshi Textiles

Textile Exporter · Textiles · Surat, GJ · 11 yrs · 49 on payroll

“Established exporter with strong compliance — but over half of revenue rides on a single overseas buyer.”

Proprietor
Meenakshi Patel
Monthly turnover (6-mo avg)
₹1,19,77,524
beats 72% of Textiles peers73th percentile, all MSMEs
300400500600700800900
300± 15
BPD 12m · 2.0%
Munshi recommends
Approve
₹1.9 Cr
working-capital line · ₹1,88,70,000
Tenor
24 mo
Rate
12.0%
EMI room
₹15 L
verified monthly surplus ₹32,89,711
⚖ Liquidity floor: buffer < 15 days — limit reduced 20%
⚖ Concentration cap: top payer > 50% — limit reduced 25%

The NAADI six — dimension radar

L · Liquidity+9.9
78 /100

Can the business absorb a shock this month?

S · Stability-8.4
9 /100

How steady is the cash engine?

G · Growth+36.4
92 /100

Which direction is the business moving?

R · Repayment+1.2
90 /100

Does it honour its obligations?

C · Compliance+53.8
61 /100

Is the regulatory house in order?

K · Concentration-8.4
72 /100

How fragile is the revenue base?

Score trajectory — 12-month rolling rescore

▲ 36 pts over 12 mo

Each point is the score NAADI would have produced with only the data visible that month — deterioration surfaces quarters before a default.

GST turnover · 24 mo

₹1.2 Cr

UPI inflow · 24 mo

₹12 L

Account balance · 24 mo

₹9.7 L

Score, assembled — the waterfall

base 627 + six dimensions = 711
Peer base
627
Compliance
+54
Growth
+36
Liquidity
+10
Repayment
+1
Stability
-8
Concentration
-8
NAADI score
711

Reason codes — why this score

TreeSHAP · score points
RC-C05
Compliance — EPFO deposit regularity of 88%; worst GSTR-3B filing delay of 2 days
+53.8
RC-G03
Growth — payroll wage growth of +8.4%; 12-month turnover trend of +6.2%/month
+36.4
RC-L01
Liquidity — 0 end-of-day negative balance days; cash buffer of 3 days of outflow
+9.9
RC-R04
Repayment — 0 EMI/NACH bounce(s) in 12 months; existing obligations at 5.6% of turnover
+1.2
RC-S02
Stability — seasonal swing of 108% around mean revenue; turnover volatility of 28%
-8.4
RC-K06
Concentration — refund/reversal rate of 0.3%; payer concentration (HHI) of 0.34
-8.4

Officer review — the human decides

demo-local audit

Munshi recommends Approve. Every NAADI decision terminates at a human gate.

Red flags on the wire

  • ▲ Top payer concentration at 56%

Stress lab

rescored, not guessed
Revenue shock −20% for two quarters711 B±0
Anchor payer delays receipts by 60 days676 B-35

Early-warning triggers armed

  • ● 3-month turnover drawdown > 25% vs trailing average
  • ● Two consecutive delayed GSTR-3B filings
  • ● End-of-day negative balance on > 5 days in any month

Sensitivity lab — drag a lever, the brain answers

1-D partial dependence · precomputed through the trained model · one lever at a time
GSTR-3B filing delay0.1 days
EMI/NACH bounces (12m)0 count
Top-payer share56%
Cash buffer2.7 days
current score
711
touch a lever to project

Underwriting memo — drafted by Munshi

LLM writes prose · engine writes numbers

Underwriting Memo — Meenakshi Textiles

Textiles · Surat, GJ · 11 yrs vintage · Data tier T3 · Proprietor: Meenakshi Patel

NAADI Score: 711 ± 15 (Grade B) · PD(12m) 2.0% · Approve with standard covenants

Recommendation: Approve

Working-capital line of ₹18,870,000 over 24 months at an indicative 12.0% p.a. Serviceable EMI ₹1,480,370 against a verified monthly surplus of ₹3,289,711.

Why (evidence-linked)

  • +53.8 pts · Compliance — EPFO deposit regularity of 88%; worst GSTR-3B filing delay of 2 days [RC-C05]
  • +36.4 pts · Growth — payroll wage growth of +8.4%; 12-month turnover trend of +6.2%/month [RC-G03]
  • +9.9 pts · Liquidity — 0 end-of-day negative balance days; cash buffer of 3 days of outflow [RC-L01]
  • -8.4 pts · Stability — seasonal swing of 108% around mean revenue; turnover volatility of 28% [RC-S02]
  • -8.4 pts · Concentration — refund/reversal rate of 0.3%; payer concentration (HHI) of 0.34 [RC-K06]

Policy guards applied

  • Liquidity floor: buffer < 15 days — limit reduced 20%
  • Concentration cap: top payer > 50% — limit reduced 25%

Covenants

  • Maintain minimum average balance of 15 days' outflow
  • Diversify: no single payer above 50% of receipts by month 12
  • File GSTR-3B on or before due date throughout the loan tenor
  • Route >= 60% of business receipts through the IDBI current account

Early-warning triggers

  • 3-month turnover drawdown > 25% vs trailing average
  • Two consecutive delayed GSTR-3B filings
  • End-of-day negative balance on > 5 days in any month

Prepared by Munshi. Every figure traces to a consented data rail; final authority rests with the sanctioning officer.