Manoj Ceramic Ltd IPO

The company depends on its third-party manufacturers for the company operations and unsatisfactory services provided by them or failure to maintain relationships with them could disrupt its operations. Further, the company may not be able to pass on any increase in costs levied by the third-party manufacturers to its customers.

The company is dependent on its top long standing 10 customers who contribute more than 91.26% of the company revenue from operations in each of the last 3 Financial Years. Loss of any of these customers or a reduction in purchases by any of them could adversely affect its business, results of operations and financial condition.

The company's business and profitability are substantially dependent on the availability and any disruption to the timely and adequate supply of the finished products, or volatility in the prices of the finished products may adversely impact its business, results of operations and financial condition. Further, dependence on third parties for the supply of the finished products with no firm commitments for supply or exclusive arrangements with any of the company suppliers. Loss of suppliers may have an adverse effect on its business, results of operations and financial condition.

The company requires certain approvals, licenses, registrations and permits for its business, and failure to obtain or renew them in a timely manner may adversely affect the company operations.

The company has experienced growth in recent years and may be unable to sustain its growth or manage it effectively.

The company uses third-party dealers to market, sell and deliver products in the market and is subject to risks associated with these arrangements.

There may be delays or defaults in payment by the company customers or the tightening of payment periods by third-party manufacturers which could negatively affect its cash flows. As a result, the company experience significant working capital requirements and its inability to meet of the working capital requirements may materially and adversely affect the company business, cash flows and financial condition.

The company's inability to effectively manage or expand its distribution network may have an adverse effect on its business, results of operations and financial condition.

Its inability to manage inventory in an effective manner could affect the company's business.

The company brand "MCPL", Trade Name "Manoj & Co" and its website and software applications under the name and style of www.mcplworld.com which are registered in the name of the Promoter, Mr. Manoj Dharamashibhai Rakhasiya and not in the name of the Company.