Wide range of products finding diverse application in roto moulding industry.
Long standing relationships with diversified customers across geographies.
In-house manufacturing facility with equipped machines and processes.
Focus on Quality, Environment, Health and Safety.
Experienced Promoters and Management with extensive domain knowledge.
The company's business is dependent and will continue to depends on its manufacturing facility, and the company is subject to certain risks in the company's manufacturing process. Any slowdown or shutdown in the company's manufacturing operations or strikes, work stoppages or increased wages 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.
The company derives a significant part of its revenue from major customers and the company does not has long term agreements with any of these customers. If one or more of such customers choose not to source their requirements from it the company's business, financial position and results of operations may be adversely affected.
The company is heavily reliant on few suppliers for the supply of its raw materials, with the company's single largest supplier contributing to more than 50% of its purchases during the last 3 financial years. Moreover, the company does not have long-
term agreements with these suppliers and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.
The company derives a portion of its revenues from exports and is subject to risk of international trade.
Exchange rate fluctuations may adversely affect the company's results of operations as its sales from exports and purchases from imports are denominated in foreign currencies.
The company is subject to strict quality requirements and the success and wide acceptability of its products is largely dependent upon the company's quality controls and standards. Any failures to comply with quality standards may adversely affect its business prospects and financial performance, including cancellation of existing and future orders.
The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
Inventories and trade receivables form a major part of the company's current assets. Failures to manage its inventory and trade receivables could have an adverse effect on the company's sales, profitability, cash flow and liquidity.
Geographical concentration of the company's manufacturing facility and business may adversely affect its operations, business and financial condition.
The company is subject to increasingly stringent environmental, health and safety laws, regulations and standards. Non-
compliance with and adverse changes in health, safety, labour, and environmental laws and other similar regulations to its manufacturing operations may adversely affect the company's business, results of operations and financial condition.
