1. The Company & Its Group Companies, Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
2. Risk related to mould base industry which has impact on health & safety of workers, environments.
3. Product development is a long, expensive and uncertain process and the company current expenditure in product development may not provide a sufficient or timely return.
4. Quality issues in mould base products can have significant consequences for businesses.
5. The company revenues are dependent on clients in various industries such as automotive, consumer goods, electronics. An economic slowdown or factors affecting this segment may have an adverse effect on its business, financial condition and results of operations.
6. If The company fail to attract and retain highly skilled employees, the company may not have the necessary resources to properly staff projects, and failure to successfully compete for such skilled employees could materially adversely affect its business, financial condition and results of operations.
7. Increase in cost of raw material will have adverse impact on profitability of the business.
8. The company require 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 timely manner or at all may adversely affect its operations.
9. 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 the company revenues and profitability.
10. In addition to normal remuneration, other benefits and reimbursement of expenses to the directors (including the Promoters) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.