Manas Polymers & Energies Ltd IPO

A significant portion of its revenue is derived from the sale of PET preforms and remaining from PET bottles, jars and HDPE containers. Any decline in the sales of the company's finished key product and could have an adverse effect on its business, results of operations and financial condition.

The company is dependent on its power purchase and wheeling agreement for solar energy-based plants under REC mechanism ("PPA") dated June 05, 2015 to sell power and generate the company's revenue from operations. Termination or change in the terms of the PPA could adversely affect its business, results of operations and financial condition.

The company's business is subject to seasonal volatility due to packaged mineral water and soft drinks sales in summer and winter seasons.

The company's business is dependent and will continue to depends on its manufacturing facility, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company's manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company's operations could have an adverse effect on its business, financial condition and results of operations.

Trade Receivables and Inventories form a substantial part of the company's current assets and net worth. Failures to manage its trade receivables could have an adverse effect on the company's net sales, profitability, cash flow and liquidity.

There have been instances of discrepancies/errors and statutory non-compliances in the past under Companies Act. The company may be subject to legal proceedings or regulatory actions by statutory authorities and its business, financial condition and reputation may be adversely affected.

The operations and maintenance activities of the company's Solar Power Plant are outsourced to a third party service provider.

The company is primarily dependent upon few key suppliers for procurement of raw materials. Any disruption in the supply of these raw materials or fluctuations in their prices could have a material adverse effect on its business operations and financial conditions.

There are outstanding legal proceedings against the Company, Promoters, and certain of its Directors. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect its business, results of operations and financial condition.

The company's premises are not owned by the company and the company only leasehold rights over such premises. In the event the company lose such rights or are required to negotiate it, the company's cash flows, business, financial conditions and results of operations could be adversely affected.