NAADIनाड़ी
MSME-2407T1 UPI-first thin file

Noor Fashion House

Fashion Boutique · Apparel Retail · Lucknow, UP · 4 yrs · 1 on payroll

“Young boutique formalising fast — filings improving quarter on quarter, Instagram-driven UPI sales climbing.”

Proprietor
Noor Fatima
Monthly turnover (6-mo avg)
₹4,04,376
beats 61% of Apparel Retail peers51th percentile, all MSMEs
300400500600700800900
300± 40
CPD 12m · 6.5%
Munshi recommends
Refer
No exposure recommended today — the what-if panel below hands the borrower a concrete path back.
⚖ Liquidity floor: buffer < 15 days — limit reduced 20%

The NAADI six — dimension radar

L · Liquidity-5.8
39 /100

Can the business absorb a shock this month?

S · Stability-9.1
34 /100

How steady is the cash engine?

G · Growth-6.2
29 /100

Which direction is the business moving?

R · Repayment+1.6
90 /100

Does it honour its obligations?

C · Compliance+5.3
50 /100

Is the regulatory house in order?

K · Concentration+19.5
83 /100

How fragile is the revenue base?

Score trajectory — 12-month rolling rescore

▲ 11 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

₹3.4 L

UPI inflow · 24 mo

₹3.1 L

Account balance · 24 mo

₹9,871

Score, assembled — the waterfall

base 627 + six dimensions = 632
Peer base
627
Concentration
+20
Compliance
+5
Repayment
+2
Stability
-9
Growth
-6
Liquidity
-6
NAADI score
632

Reason codes — why this score

TreeSHAP · score points
RC-K06
Concentration — top-3 payers at 9% of revenue; refund/reversal rate of 1.1%
+19.5
RC-C05
Compliance — EPFO deposit regularity of 88%; 7 consecutive months of on-time GST filing
+5.3
RC-R04
Repayment — 0 EMI/NACH bounce(s) in 12 months; existing obligations at 6.2% of turnover
+1.6
RC-S02
Stability — turnover volatility of 21%; UPI inflow volatility of 25%
-9.1
RC-G03
Growth — payroll wage growth of +0.5%; 6-month turnover trend of -5.0%/month
-6.2
RC-L01
Liquidity — worst-decile balance at 1% of monthly outflow; cash buffer of 1 days of outflow
-5.8

Officer review — the human decides

demo-local audit

Munshi recommends Refer to credit committee. Every NAADI decision terminates at a human gate.

Red flags on the wire

  • ▲ Turnover declining 5.0%/month over 6 months

Stress lab

rescored, not guessed
Revenue shock −20% for two quarters632 C±0
Anchor payer delays receipts by 60 days622 C-10

What-if — the path to a better score

Counterfactuals over actionable levers only. Shown to the borrower — a decline is never a dead end.

File GSTR-3B on time for the next 3 months+33 pts → 665
Hold a 30-day cash buffer in the current account+4 pts → 636

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 delay0.3 days
EMI/NACH bounces (12m)0 count
Top-payer share2%
Cash buffer0.9 days
current score
632
touch a lever to project

Underwriting memo — drafted by Munshi

LLM writes prose · engine writes numbers

Underwriting Memo — Noor Fashion House

Apparel Retail · Lucknow, UP · 4 yrs vintage · Data tier T1 · Proprietor: Noor Fatima

NAADI Score: 632 ± 40 (Grade C) · PD(12m) 6.5% · Refer: mitigants / secured variant

Recommendation: Refer to credit committee

Why (evidence-linked)

  • +19.5 pts · Concentration — top-3 payers at 9% of revenue; refund/reversal rate of 1.1% [RC-K06]
  • +5.3 pts · Compliance — EPFO deposit regularity of 88%; 7 consecutive months of on-time GST filing [RC-C05]
  • +1.6 pts · Repayment — 0 EMI/NACH bounce(s) in 12 months; existing obligations at 6.2% of turnover [RC-R04]
  • -9.1 pts · Stability — turnover volatility of 21%; UPI inflow volatility of 25% [RC-S02]
  • -6.2 pts · Growth — payroll wage growth of +0.5%; 6-month turnover trend of -5.0%/month [RC-G03]
  • -5.8 pts · Liquidity — worst-decile balance at 1% of monthly outflow; cash buffer of 1 days of outflow [RC-L01]

Policy guards applied

  • Liquidity floor: buffer < 15 days — limit reduced 20%

Covenants

  • Maintain minimum average balance of 15 days' outflow
  • 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.