Wide product range, Design and Innovation in our product range.
Experienced Promoter and management team with proven execution capabilities and Skilled work force with contemporary designing capabilities.
Long-standing relationship with reputed jewellery dealers.
Organised manufacturing set-up under one roof.
We depend on few suppliers for our raw materials required for our operations and we have not entered into any long term agreements and any delays, interruptions or reduction in the supply of raw materials to manufacture our products and any abrupt fluctuations in the prices of our raw materials may adversely affect the pricing of our products and may have an impact on our Business, Results of Operation, Financial Condition and Cash Flows.
The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.
The company faces significant competition in the Indian jewellery market, its risk losing substantial portion of its customers which will adversely affect its business, financial condition, results of operations and prospects.
The company has in past entered into related party transactions and its may continue to do so in the future, which may affect the competitive edge.
There are certain discrepancies/errors/delay filings noticed in some of its corporate records relating to forms filed with the Registrar of Companies, Ernakulam and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
The company obtain gold on loan basis known as gold metal Loan, which remains subject to RBI regulations. Any adverse change in the regulations governing gold on loan basis may adversely affect its financial condition and results of operations.
Its inability to respond to changes in demands and market trends in a timely manner and failures to expand its product offering in a diversified manner may have an adverse effect on its business, results of operations and financial condition.
The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
The Company's manufacturing activities are labour intensive and depends on availability of labour. In case of unavailability of such labour, its business operations could be affected.
The company intend to utilise a portion of the Net Proceeds for funding its Capital Expenditure for purchase of certain Equipment. The company is yet to place orders for such Capital Expenditure. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment in a timely manner, or at all, may result in time and cost over-runs and its business, prospects and results of operations may be adversely affected.