Jinkushal Industries Ltd IPO

The company is heavily dependent on the export market and derives the majority of its revenue from the export trading of construction machines and therefore vulnerable to a range of risks associated with the export market.

The company revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.

A significant portion of its revenue is deriveds from select geographies such as Mexico and UAE. Any adverse developments in this market could adversely affect the company business.

The company has significant working capital requirements and its inability to meet such working capital requirements may have an adverse effect on the company results of operations.

We are dependent on third-party suppliers and any disruptions in the supply or an increase in the prices of requisite construction machines could adversely affect our operations.

We have limited operating history and uncertain market acceptance of our HexL brand machines.

We derive a significant portion of our revenue for export trading of refurbished construction machines and our refurbishment machines may be subject to risk associated with quality, reliability and regulatory compliance.

We also rely on third party vendors for customisation and accessorizing of new machines and refurbishments centres for refurbishment of used machineries. Reliance on third-party vendors for customization, accessorization, and refurbishment may adversely impact quality, timelines, and customer satisfaction.

We enter into certain related party transactions in the ordinary course of our business and we cannot assure you that such transactions will not adversely affect our business, results of operations, profitability and margins, cash flows and financial condition.

We do not own the premises from where we operate.