1. The strength of its brands is crucial to the company growth and success and its may not succeed in continuing to maintain and develop the company brands.
2. If the company is unable to effectively manage or expand its retail network and operations or pursue the company growth strategy, its new showrooms may not achieve its expected levels of profitability which may adversely affect the company business prospects, financial condition and results of operations.
3. The non-availability or high cost of quality gold bullion, silver, diamonds and other precious and semi-precious stones may have an adverse effect on its business, results of operations and financial condition.
4. Its Promoter and certain of the company Directors may have interest in entities, which are engaged in lines of business similar to that of the Company. Any conflict of interest which may occur between its business and the activities undertaken by such entities could adversely affect its business and prospects.
5. The company business depends on its Promoters and senior management and its ability to attract and retain sales personnel. Any attrition rate of the company senior management may affect its business growth.
6. The coronavirus pandemic ("COVID-19") has had an effect on its business and operations, and the extent to which it may continue to do so in the future cannot be predicted.
7. The Company, Promoters and Directors are involved in certain legal proceedings and potential litigation and the company has not made any provision in its financial statements for such liabilities. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.
8. The agreements governing its indebtedness contain conditions and restrictions on the company operations, additional financing and capital structure.
9. Any failure in its quality control processes may have an adverse effect on the company business, brand, results of operations and financial condition.
10. Failure to manage its inventory could have an adverse effect on the company net sales, profitability, cash flow and liquidity.