1. The Company has been recently incorporated and post incorporation has taken-over the running
business of M/s Aurum Jewels (Proprietorship firm of its Promoter) thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.
2. The company is dependent on its Promoter, the company senior management, directors and key personnel of the Company for success whose loss could seriously impair the ability to continue to manage and expand business efficiently.
3. The company sources raw materials from third parties and the quality of its final product may be impacted by the quality of the raw materials supplied by third parties.
4. The company may be unable to respond to changes in consumer demands and market trends in a timely manner. Its success depends on the company ability to identify, originate and define product and market trends, both on a pan-India, international and more local level, as well as to anticipate, gauge and react to rapidly changing consumer demands in a timely manner.
5. The success of the Company mainly depends upon the quality of jewellery its manufacture and sell to
the company retailers and its ability to retain the present number of retailers and attract newer retailers. Any failure in retaining or attracting retailers on year-on-year basis and any decline in quality of its jewellery will impact the business and the revenues earned by the Company.
6. Its income and sales are subject to seasonal fluctuations and lower income in a peak season may have a disproportionate effect on its results of operations.
7. The company has historically derived, and may continue to derive, a significant portion of its income from the company top 5 customers. The company is dependent upon a limited number of customers, which could adversely impact its revenues and profitability. The company has historically derived, and may continue to derive, a significant portion of its income from the company top 5 customers. The company is dependent upon a limited number of customers, which could adversely impact its revenues and profitability.
8. The company derives significant portion of its revenue from gold than diamond and the name of the Company mentions "Koura Fine Diamond Jewellery Ltd."
9. There are no long-term supply agreements with its vendors/suppliers. The company's Business may be adversely affected if there is any disruption in the raw material supply or due to non-availability of raw material.
10. Its dependency on job worker or Karigars for the performance of the company operation may adversely affect its business.