Avax Apparels and Ornaments Ltd IPO

The company Promoters are not the original promoters of the Company.

The company does not have long term contracts with most of its suppliers and customers.

Its Promoters have limited experience in the current line of business.

The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

The company depends on a limited number of customers for a significant portion of its revenue. The loss of any of the company major customer due to any adverse development or significant reduction in business from its major customer may adversely affect the company's business, financial condition, results of operations and future prospects.

The company has experienced negative cash flows from operating and investing activities in the past.

The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.

The Company has entered into certain related party transactions and may continue to do so in the future.

Reliance has been placed on declarations and affidavits furnished by its Directors and Key Management Personnel, for details of their details included in this Prospectus.

The Company has delayed payment of Statutory dues.