Our Registered Office from where we operate is not owned by us.

The factory premises from where we operate our business operations are not owned by us.

Our company had bought assets from our Promoter Mr. Jagjit Singh Dhillon and had not taken the valuation report to determine the price of the assets and also the price for such assets has not yet been paid.

Our top five customers contribute majority of our revenues from operations. Any loss of business from one or more of them may adversely affect our revenues and profitability.

The holding period of our Trade Receivables and Trade payables is high.

We have entered into related party transactions in the past and may continue to do so in the future. We had and have related party transaction with "Associated Fabricators" for more than or equal to 20% of total Purchases and such transaction may continue in the future.

We have applied for Registration and Grant or Renewal of license and notice of occupation specified in Section 6 & 7 of the Factories Act, 1948 but the same has not been granted to us as on date.

Our business is capital intensive. If we experience insufficient cash flows to meet required payments on our debt and working capital requirements, there may be an adverse effect on our operations.

There are certain discrepancies / errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies 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 and other law could impact the financial position of the Company to that extent.

The nature of our business exposes us to liability claims and contract disputes and our indemnities may not adequately protect us. Any liability in excess of our reserves or indemnities could result in additional costs, which would reduce our profits.