NAADIनाड़ी
MSME-2408T2 GST + partial rails

Ganpati Constructions

Construction Contractor · Construction · Ahmedabad, GJ · 12 yrs · 65 on payroll

“Capable contractor trapped in lumpy government receivables — long dry spells, then a flood. Referral case: viable with covenants.”

Proprietor
Jignesh Trivedi
Monthly turnover (6-mo avg)
₹1,44,15,590
beats 41% of Construction peers25th percentile, all MSMEs
300400500600700800900
300± 25
DPD 12m · 21.9%
Munshi recommends
Starter product
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-13.8
20 /100

Can the business absorb a shock this month?

S · Stability-26.9
1 /100

How steady is the cash engine?

G · Growth
45 /100

Which direction is the business moving?

R · Repayment-3.0
9 /100

Does it honour its obligations?

C · Compliance-25.7
34 /100

Is the regulatory house in order?

K · Concentration-13.3
15 /100

How fragile is the revenue base?

Score trajectory — 12-month rolling rescore

▲ 5 pts over 12 moEWS breached

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

₹37 L

UPI inflow · 24 mo

₹1.5 L

Account balance · 24 mo

₹11,588

Score, assembled — the waterfall

base 626 + six dimensions = 543
Peer base
626
Stability
-27
Compliance
-26
Liquidity
-14
Concentration
-13
Repayment
-3
NAADI score
543

Reason codes — why this score

TreeSHAP · score points
RC-S02
Stability — seasonal swing of 226% around mean revenue; turnover volatility of 84%
-26.9
RC-C05
Compliance — EPFO deposit regularity of 74%; average GSTR-3B filing delay of 0.6 days
-25.7
RC-L01
Liquidity — worst-decile balance at 0% of monthly outflow; cash buffer of 1 days of outflow
-13.8
RC-K06
Concentration — refund/reversal rate of 2.0%; top-3 payers at 60% of revenue
-13.3
RC-R04
Repayment — 3 EMI/NACH bounce(s) in 12 months; existing obligations at 6.4% of turnover
-3.0

Officer review — the human decides

demo-local audit

Munshi recommends Offer starter product. Every NAADI decision terminates at a human gate.

Red flags on the wire

  • ▲ 3 EMI/NACH bounce(s) in the last 12 months
  • ▲ Turnover declining 10.2%/month over 6 months

Stress lab

rescored, not guessed
Revenue shock −20% for two quarters543 D±0
Anchor payer delays receipts by 60 days517 D-26

What-if — the path to a better score

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

Hold a 30-day cash buffer in the current account+21 pts → 564
Route all EMIs through the surplus account (zero bounces for 6 months)+7 pts → 550

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 delay0.6 days
EMI/NACH bounces (12m)3 count
Top-payer share48%
Cash buffer1.1 days
current score
543
touch a lever to project

Underwriting memo — drafted by Munshi

LLM writes prose · engine writes numbers

Underwriting Memo — Ganpati Constructions

Construction · Ahmedabad, GJ · 12 yrs vintage · Data tier T2 · Proprietor: Jignesh Trivedi

NAADI Score: 543 ± 25 (Grade D) · PD(12m) 21.9% · Small-ticket starter products

Recommendation: Offer starter product

Why (evidence-linked)

  • -26.9 pts · Stability — seasonal swing of 226% around mean revenue; turnover volatility of 84% [RC-S02]
  • -25.7 pts · Compliance — EPFO deposit regularity of 74%; average GSTR-3B filing delay of 0.6 days [RC-C05]
  • -13.8 pts · Liquidity — worst-decile balance at 0% 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
  • Zero EMI/NACH bounces; auto-review on first bounce
  • 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.