Barflex Polyfilms Ltd IPO

The company is involved in one criminal case which is pending against the Company that may have a material adverse outcome.

The company had, in the past, entered into OTS with its lender in respect of the company credit facilities. Any inability to any lenders in future could adversely affect on its business, results of operation and financial condition.

In the past, on account of losses, the Company failed to meet financial performance as per the expectation of its Investor which subsequently resulted in dispute. Any failures on the company part go meet performance parameters in future may lead to dispute, penal provisions, financial & reputational loss.

Its Promoters, Mr. Jaiwant Bery and Mrs. Nomita Bery, were associated with companies which were delisted compulsorily by an order of BSE Dissemination Board.

The company has not yet obtained possession of the land/premises where its intend to set up the company expansion unit.

The Company has yet to place orders for 100% of the plant & machineries for its proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machineries may result in time and cost over-runs and its business, prospects and results of operations may be adversely affected.

If the company is unable to successfully implement its proposed expansion plans, the company results of operations and financial condition could be adversely affected.

Its may not be able to manage the company growth or sustain the pace of its growth in future periods, which may adversely affect the company's business, financial condition, results of operations and prospects.

Its other income include profit from investment in stock market/mutual funds, which being exceptional income, and is not sustainable.

There are outstanding litigations involving the Company, Promoters and Directors which, if determined adversely, may affect its business and financial condition.