1. Its Registered Office, Corporate Office cum factory, Warehouses from where the company operates are not owned by it. If the company is required to vacate the same, due to any reason whatsoever, it may adversely affect its business operations.
2. Its business is dependent on the company's manufacturing facilities and the company is subject to certain risks in its manufacturing processes. Any unscheduled, unplanned or prolonged disruption of its manufacturing operations could materially and adversely affect its business, financial condition, cash flows and results of operations.
3. The restated examination report by its peer review auditor on Special Purpose Financial Statements has provided a matter of emphasis paragraph for the company has not accounted for interest provisions as per MSMED Act, 2006.
4. Its lenders have charge over the company's movable, immovable properties and directors' immovable properties in respect of finance availed by it.
5. Its lenders have imposed certain restrictive conditions on the company under its financing arrangements. The company inability to meet its obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company's business, financial condition, results of operations and cash flows.
6. The restated financial statements have been provided by independent peer reviewed chartered
accountants who is not statutory auditor of the Company.
7. Its product is subject to frequently changing designs, patterns, customer requirements and tastes, its inability to meet such needs or preferences may affect the company's business.
8. A significant portion of its revenues are derived from a few geographical regions and any adverse
developments affecting such regions could have an adverse effect on its business, cash flows, results of operation and financial condition.
9. The Company has proposed to shift the existing manufacturing facilitieslocated at Vasai in Maharashtra to Butibori MIDC, Nagpur. If there are delays in setting up the proposed facility or cost overruns related to the proposed facilities, it could have a material adverse effect on the company's financial condition, results of operations and growth prospects.
10. The Company failure to maintain the quality standards of the products could adversely impact its business, results of operations and financial condition.