Established and proven track record.
Leveraging the experience of its Promoters.
Experienced management team and a motivated and efficient work force.
Cordial relations with its customers.
Quality Assurance & Control.
The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
If the company is unable to successfully implement its proposed expansion plans; the company results of operations and financial condition could be adversely affected.
The Company is yet to place orders for Interior Work and Civil Interior, Electrical Fittings, Electrical Works, CCTV Systems, Music Systems, Laptop, Printer, UPS etc. Any delay in placing orders or procurement of such items may delay the schedule of implementation and possibly increase the cost of commencing operations.
The Company is yet to execute lease/rent agreements for its proposed 15 Exclusive Brand Outlets (EBOs)
The availability of look-alikes, counterfeit products, primarily in its domestic markets, manufactured by other companies and passed off as the company products, could adversely affect its goodwill and results of operations.
The Company may not be able to obtain sufficient quantities or desired quality of finished products from outsourced vendors in a timely manner or at acceptable prices, which could adversely affect its retail business, financial condition and results of operation.
Its cost of procurement of products from outsourced vendors or cost of manufacture of products using contract manufacturers may increase in the future. Any inability to pass on costs to consumers and distributors, may result in reduction in its margins.
The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
There are certain discrepancies/errors noticed and instances of delays/incorrect filings in the past with ROC/Statutory Authorities.
There have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities"