Strong Customer Relationship
Multi - Product Portfolio & Customisation Capabilities
Locational Advantage of our manufacturing units
Quality Standard Certifications & Quality Tests
Experienced Promoter and Senior Management Team.
The company derives a significant portion of its revenue from operations from limited number of customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reductionin their demand for its products could adversely affect the company's business, results of operations, financial condition and cash flows. Any adverse change in the business relationship with one or more of its top1, top3, top 5 and top 10 customers, including a reduction in order volume, changes in contract terms, delayed payments, ortermination, could materially and adversely affect the company's revenue, cash flows, and overall financial performance.
The company derives a significant portion of its revenue from operations from trading activities, and any adverse
developments in this segment may materially impact the company's business, financial condition, results of operations and cash flows. Its dependence on high trading activities exposes the company to risks such as volatility in prices oftraded goods, demand-supply fluctuations, higher inventory requirements, low margins, counterpartydefaults, and competition due to low barriers to entry, which may adversely impact the company's business, financial conditions, results of operations and cash flows.
A significant portion of the company's revenue from operations is generated from Eastern India especially from WestBengal. Any adverse development affecting its business operations in these regions could have a negative impact on the company's revenue and results of operations.
Inadequate or interrupted supply and price fluctuation of the company's raw materials could adversely affect its business, results of operations, cash flows, profitability and financial condition.
The company's reliance for raw materials is highly dependent on a few limited numbers of suppliers and the loss of one or more such suppliers, the deterioration of their financial condition or prospects, or higher demand from its competitors could adversely affect the company's supplies from these suppliers. Any adverse change in its business relationship with one or more of the company's top 1, top 3, top 5 and top 10 suppliers, including a reduction in materials supplied, changes in contract terms, changes in payment terms, or termination of its orders, could materiallyand adversely affect the company's revenue, cash flows, and overall financial performance and also expose it to risks of supply disruptions, pricing volatility which may adversely impact the company's production schedules and financial performance.
The Company, Promoters, Directors, Key Managerial Personnel ("KMPs"), Senior Management Personnel("SMPs"), and Group Companies are involved in certain legal proceedings, which, if determined adversely, may have an adverse effect on its business, financial condition, results of operations, or reputation.
Past lapses, non-compliances and irregularities in statutory filings with the Registrar of Companies, Accounting Standards and filings with GST authorities may attract regulatory scrutiny or penalties, which could adversely affect the company's business and reputation.
There have been past instances of delay in payment of statutory dues by the Company, including TDS, PF,ESIC contributions and Professional Tax, which may expose it to penalties and other regulatory actions.
The company does not own its Registered office, Manufacturing Facility (Unit II) and warehouses and the same are takenon lease from a Promoter, Group Companies and a third party. There can be no assurance that the Lease agreements will be renewed upon termination or that its will be able to obtain other premises on leave and license on same or similar commercial terms.
Certain related party transactions were not specifically disclosed in the financial statements in accordancewith the disclosure requirements prescribed under Schedule III to the Companies Act, 2013. Any regulatory action, penalty or other adverse consequence arising from such disclosure lapses may adversely affect the company's reputation, financial condition and results of operations.
