DocReady case · Small enterprise · Private limited company
Southgate Textiles Pvt Ltd
10 outstanding · 85% review gate
Not ready for credit review — 64% against an 85% gate, with 3 blocking requirements open
An appraisal started on this file would stall at spread or cross-verification, so the handoff stays shut until the gate is met and every blocking requirement is satisfied or waived with a reason.
Readiness score
Weighted by section and by document importance, not a plain count of files.
64%
8 satisfied · 6 insufficient · 4 missing, of 18 requirements
Ready for credit reviewNot met
threshold 85% · now 64%
Ready for disbursementNot met
threshold 100% · now 64%
Oldest open requirement: Udyam registration certificate, 17 days, never requested.
Blocking gaps
Each of these stops the appraisal pipeline.
- Bank statements, last 12 months, all accountsCCB current account only. The client has declared a second account with Meridian Bank ending 8830, for which no statement has been provided. Twelve months required for that account.Insufficient
- Stock and book-debt statement, latestStatement is as at 30 June 2026, making it 52 days old against a maximum of 30. Drawing power cannot be computed on it. Statement as at 31 July 2026 required.Insufficient
- Property documents for collateral — industrial unit, CoimbatoreThe title deed carries an existing mortgage in favour of Meridian Bank dated March 2024. That contradicts the client's declaration of nil existing facilities and is consistent with the undisclosed Meridian Bank account 8830. Clarification and a charge search are required before the security can be relied on.Insufficient
Non-blocking gaps
Recorded, chased, but not allowed to hold the case up.
- Board resolution for borrowingCompanies Act s.179(3)(d) · CCB MSME checklist A.3Insufficient
- Udyam registration certificateMSMED Act classification · CCB MSME checklist A.6Not requested
- Provisional financials FY2026, part yearCCB MSME checklist B.3Insufficient
- GST returns — GSTR-3B, last 12 monthsCCB cross-verification rule XV-04 · GSTIN 33AAHCS6612M1ZQInsufficient
- Debtors and creditors ageingCCB working capital assessment note 3.4Missing
- Latest valuation reportCCB security documentation manual 7.4 · panel valuers onlyMissing
- Insurance policy on collateralCCB security documentation manual 7.6Not requested
Handoff into credit appraisal
Creates a Credit Appraisal Memorandum for Southgate Textiles Pvt Ltd and opens it at the identity step, with PAN, GSTIN, Udyam number, constitution, CC INR 2.85 cr + TL INR 1.40 cr and the Coimbatore SME Branch relationship already carried across.
Disabled until the 85% gate is met and 3 blocking requirements are settled.
Next best actions
- 1.Resolve the Meridian Bank mortgage contradiction — the Coimbatore title deed shows a charge dated March 2024 against a declaration of nil existing facilities. Seek the client's explanation and run a charge search.
- 2.Request the four missing GST periods, August to November 2025, so the twelve-month turnover test can be evidenced.
- 3.Request the stock and book-debt statement as at 31 July 2026; drawing power cannot be computed on a 52-day-old position.
- 4.Escalate the debtors and creditors ageing to Credit Operations — 13 days open, two reminders sent, past the 12-day threshold.
Carried into appraisal
- Certificate of incorporation
- Memorandum and articles of association
- KYC of directors — Lakshmi Iyer and Venkat Iyer
- PAN of the entity
- Audited financial statements FY2024
- Audited financial statements FY2025
- ITR with computation, FY2024 and FY2025
- Sanction letters of existing facilities with other lenders
The pipeline treats these as present, so the borrower is not asked for them a second time.