Strong promoter-driven business with deep market understanding and relationships. Established presence in the polymers/trading/manufacturing segment with long-standing industry experience.
Diversified product portfolio catering to multiple industrial applications.
Cordial relationship with the customers/ dealers/ distributors and established manufacturing facilities.
Quality Products with Certifications.
There are outstanding litigation proceedings involving the Company, its Promoters, an adverse
outcome in which, may have an adverse impact on the company's reputation, business, financial condition,
results of operations and cash flows.
Some of the manufacturing facilities and warehouses of the Company is located on leased
premises. If the company is unable to renew such lease agreements or relocate on commercially suitable
terms, it may have a material adverse effect on the company's business, results of operations and financial
condition.
The company's revenue has been significantly dependent on few customers and its inability to maintain
such business may have an adverse effect on the company's results of operations.
The company has experienced negative cash flows and any negative cash flows in the future could adversely
affect its financial conditions and results of operations.
There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory
dues or non-payment of statutory dues in dispute may attract financial penalties from the respective
government authorities, which may have an adverse impact on the company's financial condition and cash
flows.
In addition to the company's existing indebtedness for its existing operations, the company may incur further
indebtedness during the course of business. Its cannot assure that the company would be able to service its
existing and/ or additional indebtedness.
The Company has delayed in complying with certain statutory filings with Registrar of Companies.
Such delayed compliance /lapses may attract certain penalties.
Absence of Formal Agreement in Relation to Business Acquisition of M/s Tirupati Plastic
Industries, M/s Noble Polymers, M/s Shreeji Plastic Industries and M/s Balaji Polymers, erstwhile
partnership firms.
Trade payable forms a major part of the company's Current Liabilities. Failures to manage its trade payables
could have an adverse effect on the company's purchase, profitability, cash flow and liquidity.
Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its
expanded manufacturing capacities could have an adverse effect on the company's business, future
prospects and future financial performance.
