The Company is dependent on external suppliers for its major raw materials, unfinished extruded aluminium railings and unfinished aluminium castings. The pricing of aluminium can be volatile and could adversely impact financial condition.
The company has not entered into any agreement or contract with its customers. The company work on purchase order basis with them. The Company's inability to maintain relationships with its customers could have an adverse effect on the Company's business, prospects, results of operations and financial condition.
The company generates a substantial portion of its revenue from Gujarat, Maharashtra and Chattisgarh, states of the Company's country. Any adverse developments affecting its operations in these states could have an adverse impact on the Company's revenues and results of operations.
The company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on the Company's business, prospects, financial condition, cash flows and results of operations.
The Company's product finished Aluminium Railings contributes significantly to its revenues from operation. Any loss of business from such product may adversely affect the Company's revenues and profitability.
The Company does not have any logo jivial in its name, the company has acquired one logo by one of the promoters of the company through assignment deed any failures to get it renewal of such assignment deed may adversely affect its business.
The company is utilising almost 81% of its manufacturing capacities in certain processes which could limit our growth and could have an adverse effect on the Company's business, future prospects and future financial performance.
The Company's Promoters and Directors have extended mortgage over their properties along with personal guarantees with respect to various loan facilities availed by the Company. Revocation of any or all of these personal guarantees may adversely affect its business operations and financial condition.
There are certain outstanding legal proceeding involving the Company's Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.
The Company's business is operating under various laws which require it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and our inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for the Company's business operations could materially and adversely affect its business, prospects, results of operations and financial condition.