Experienced promoters having deep knowledge to scale up the business.
Established and proven track record.
Established and proven track record.
Experienced management team and a motivated and efficient work force.
Cordial relations with our customers.
Quality Assurance & Control.
The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
The company's Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountant who is not Statutory Auditors of the Company.
The company has not taken any steps to order the machinery/equipment required for the Expansion and upgradation of the manufacturing facility. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment/machinery in a timely manner, or at all, the same may result in time and cost over-runs.
The Company is dependent on a few customers for sales. Loss of any of these large customers may affect its revenues and profitability.
The company highly depend on the company's major raw materials and a few key suppliers who help the company procure the same. The Company has not entered into long-term agreements with its suppliers for the supply of raw materials. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices our business, results of operations and financial condition may be adversely affected.
The majority of the company's state- wise revenues from operations for the last 3 years are dependent mainly on Haryana. Any adverse developments affecting our operations in these states could have an adverse impact on the company's revenue and results of operations.
Potential Adverse Impact on Business Operations Due to Obsolescence of Existing Manufacturing Facility and Risks Associated with Relocation and Commissioning of New Manufacturing Unit with New Machinery.
The company has certain contingent liabilities, which, if materialized, may affect its financial condition and results of operations.
There has been an instance of non-compliance for failures to open a separate bank account for the receipt of share application money in compliance with Section 42 of the Companies Act, 2013. Due to such lapse, the Company may be held liable to penal actions by the regulatory authorities under the Companies Act which may have impact on the company's financial position.
With the proceeds of the IPO, the Company intends to further expand and upgrade its facility to 160 MW by acquiring additional machinery with an installed capacity of 100 MW; the company cannot assure you that the proposed expansion of the manufacturing facility will become operational as scheduled or at all, or operate as efficiently as planned. If the company is unable to commission the company's new facility in a timely manner or without cost overruns, it may adversely affect its business, results of operations and financial condition.
