1. Substantial portion of its revenue has been dependent upon e-commerce business which is through only one major e-commerce platform. The loss of its major e-commerce platform would have a material adverse effect on itd business, cash flows, results of operations and financial condition.
2. Substantial portion of its profits has been dependent upon logistics business which has only one major customer. The loss of the company's major customer would have a material adverse effect on its business, cash flows, results of operations and financial condition.
3. There are outstanding litigation proceedings involving the Company and Group Companies, an adverse outcome in which, may have an adverse impact on its reputation, business, financial condition, results of operations and cash flows.
4. The Registered Office, Branch Offices and warehouses of the Company are not owned by it.
5. Non stamping of Gift Deeds for the shares acquired by the Promoters.
6. Dependence on third-party vendors could have an adverse effect on its business financial condition and results of operations.
7. The company is require a number of approvals, licenses, registrations and permits for its business and failure to obtain or renew them in a timely manner may adversely affect its operations.
8. The Company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
9. Certain discrepancies/errors have been noticed in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorizes in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.
10. Its insurance coverage may not adequately protect the company against certain operating risks and this may have an adverse effect on the results of its business.