1. The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations, and the failure to obtain or retain them in a timelycmanner or at all may adversely affect its operations.
2. The Company has not entered into any long-term contracts with any of its customers and the company typically operate on the basis of orders. Inability to maintain regular order flow would adversely impact its revenues and profitability.
3. In addition to normal remuneration, other benefits and reimbursement of expenses its directors (including the company Promoters) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
4. Substantial portion of its revenues has been dependent upon limited number of customers and the company do not have firm commitment supply agreements with its customers. If the company customers choose not to source their requirements from it, the company business and results of operations may be adversely affected.
5. The company Promoters and Key Managerial Person play key role in its functioning and the company heavily relies on their knowledge and experience in operating its business and therefore, it is critical for the company business that they remain associated with it.
6. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
7. The Company might be unable to meet certain delivery obligations including timelines of delivery, due to which, it could become liable to claims by customers, suffer adverse publicity and incur substantial costs, which in turn could adversely affect its results of operations.
8. The company Balance sheet has a significant portion of Property Plant and Equipment. Any destruction, breakdown, theft its major plants or equipment or failures to repair or maintain the same may adversely affect its business, cash flows, financial condition and results of operations.
9. Trade Receivables and Inventories form a substantial part of its current assets and net worth. Failure to manage the company trade receivables could have an adverse effect on its net sales, profitability, cash flow and liquidity.
10. Statutory Auditor has reported that the company has not maintained proper records in relation to property, plant and equipments for the financial year 2022-23.