1. The present promoters of the Company are first generation entrepreneur.
2. The Company is involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render it/them liable to penalties and may adversely affect its business and result of operations.
3. The company does not own its factory premises situated at F-97, MIDC, Satpur, Nashik- 422007, Maharashtra, India.
4. The company does not have long term contracts with its suppliers and therefore, there may be potential unavailability of raw materials in future, which may adversely affect its business operations.
5. The restated financials of the Company show a downward trend of revenue during the last financial year and stub period. If these trends continue, its business operations and financial condition may be adversely affected.
6. The Company operation and growth is dependent upon successfully implementation its business
strategies.
7. The Company has negative cash flows from its operating, investing activities and financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
8. The company has obtained some of its contracts through government tenders, unavailability or any failure to secure these tenders in the future may adversely affect its business operations and financial conditions.
9. If the company is experience delays and/or defaults in client payments, its may be unable to recover all expenditures.
10. Its business operations are subject to various operating risks at the company sites, accidental risk, the occurrence of which can affect its results of operations and consequently, financial condition of the Company.