Borrower dossier · Engineering goods manufacturing
Northwind Manufacturing Ltd
Pune Corporate Branch · Relationship manager Marcus Chen · Analyst Elena Rossi · 4 memos on record since 2023.
PAN
AABCN••••Q
GSTIN
27AABCN4521Q1ZP
Exposure
INR 25.25 cr · CC INR 18.50 cr + LC/BG INR 6.75 cr
Current rating
CCB-4 · Watch
Next review
31 August 2026
Bank-data consent CONS-2026-0418-A expired on 24 July 2026
Bank figures in this refresh are as at 1 July 2026 and cannot be advanced until the borrower grants consent again. GST, bureau, registry and the branch-supplied provisionals are current.
Meridian Bank current account 4471 and OD account 8802, twelve months of statements · granted 24 June 2026 · 30 days, per the borrower's Account Aggregator authorisation · signed by Rajesh Malhotra, Managing Director
Refresh against the last memo
Prior memo: CAM-2026-0418 v4, drafted 31 July 2026 on FY2025 audited financials
A refresh re-pulls GST, bureau, registry and consented bank data, re-runs the spread and the cross-verification, and lists only what moved against v4. Nothing is written to the memo until you review it.
- Sources in scope
- GSTN, TransUnion CIBIL, MCA and CERSAI, Account Aggregator, branch provisionals
- Last refreshed
- 24 June 2026, at the start of this appraisal
- Consent state
- CONS-2026-0418-A expired 24 July 2026 — bank figures will lag
- Review due
- 31 August 2026 · CCB-4 watch grade
Memo versions
Every issued memo for this borrower, most recent first
- v4
Cash Credit enhancement from INR 12.20 cr to INR 18.50 cr. Turnover contradiction of INR 22.48 cr against GST and an undisclosed Crestline obligation carried into the memo; recommended at a reduced limit of INR 15.80 cr.
CC INR 18.50 cr + LC/BG INR 6.75 cr · authored by Elena Rossi
- v3
Annual renewal on FY2025 provisional financials. Turnover INR 117.60 cr, current ratio 1.31x, DSCR 1.72x. No cross-verification findings above mild; buyer concentration noted at 33.1%.
CC INR 12.20 cr + LC/BG INR 5.00 cr · authored by Elena Rossi
- v2
Enhancement from INR 9.60 cr on FY2024 audited financials. Turnover INR 96.42 cr, EBITDA margin 11.8%, TOL/TNW 2.11x. Second unit at Bhosari commissioned during the year.
CC INR 12.20 cr + LC/BG INR 5.00 cr · authored by Vikram Sethi
- v1
First sanction after takeover from a private-sector lender. Turnover INR 78.20 cr, tight liquidity at a current ratio of 1.18x, promoter guarantees taken.
CC INR 9.60 cr · authored by Vikram Sethi