Diversified Product Portfolio Catering to a Broad Customer Base.
Strong Quality Assurance ensuring consistent and standardized product excellence.
Experienced Promoter and Senior Management Supported by a Knowledgeable Sales Team.
Synergetic collaboration with subsidiary.
Good track record.
Cordial relations with our clients.
Quality of products.
A significant portion of our revenue is derived from unsaturated polyester resins. Such significant dependence on a single product category exposes us to concentration risk, whereby any adverse change in demand, pricing pressure, supply of raw materials etc. could have an adverse effect on our business, financial condition, and results of operations.
Majority of our revenue from operations is derived from our manufacturing vertical. Further all of our manufacturing facilities are situated at Haryana, which exposes us to operational risks in relation to our manufacturing process. Any disruption, slowdown, or shutdown in our manufacturing operations, could adversely affect our business, results of operations, financial condition and cash flows.
Our business is manpower intensive, and any significant increase in employee attrition could adversely affect our business, financial condition, results of operations and cash flows.
Our business is manpower intensive. It may be adversely affected by work stoppages, increased wage demands by our employees, or an increase in minimum wages, and if we are unable to engage new employees at commercially attractive terms, it could adversely affect our business, financial condition, cash flows and results of operations.
There have been certain instances of non-compliances/ discrepancies, including with respect to certain secretarial/ regulatory filings for corporate actions taken by our Company in the past. Such non-compliance may attract penalties against our Company which could impact the financial position of us to that extent.
Our Company had negative cash flow from investing and financing activities in the past and may continue to have negative cash flows in the future.
We have availed certain cash credit and working capital facilities, and we propose to utilise a portion of the Net Proceeds towards repayment of certain borrowings. Any inability to comply with the terms of such facilities or any future indebtedness may adversely affect our business, results of operations and financial condition.
We have significant receivables on our books from our customers. Such receivables not realized and turned NPA or any delay in the receivables can have significant impact on the working capital cycle and the overall financial health of the company.
Our manufacturing process involves the use of hazardous and inflammable industrial chemicals which entails significant risks and could also result in enhanced compliance obligations. Failure to adhere to stringent environmental regulations governing hazardous waste, VOC emissions, and pollution control could disrupt operations and result in penalties.
One of the objects of the Issue is to utilise the net proceeds towards investment in the form of loan to our Wholly Owned Subsidiary for purchase and installation of plant and machinery at its existing manufacturing facility. Any delay or inability in completing the said capital expenditure within the anticipated timelines may adversely affect our financial projections, business operations, and results of operations.
