Its Manufacturing Facilities are concentrated in the Udaipur, Rajasthan. Any disruption, breakdown or shutdown of its Manufacturing Facilities may have a material adverse effect on the companay's business, financial condition, results of operations and cash flow.

The company does not own some of the business premises where its Registered office, branch office, storage facilities are located.

Its manufacturing activity is subject to availability of raw material and the costs of the raw materials. Any shortage in availability or fluctuations in raw material prices, may have a material adverse effect on its business, financial condition, results of operations and cash flows.

A significant majority of its revenues from operations are derived from a limited number of customers.

The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect its operations.

Major portion of its revenues are derived from exports to the United States of America and any adverse developments in this market or restrained economic or political relations of India with the United States of America could adversely affect its business.

Its business is capital intensive. The company requires substantial financing for its business operations. Its indebtedness and the conditions and restrictions imposed on by its financing arrangements could adversely affect the company's ability to conduct its business.

Its ability to access capital at attractive costs depends on the company credit ratings. Non- availability of credit ratings or a poor rating may restrict its access to capital and thereby adversely affect the company's business and results of operations.

The company has availed unsecured loans which are repayable on demand. Any demand for repayment of such unsecured loans, may adversely affect its cash flows.

Its lenders have charge over the company movable and immovable properties in respect of finance availed by the company.