A start to finish plastic welding solution provider offering diverse and comprehensive service offerings.
Long standing relations with raw material and equipment suppliers.
Long-standing relationships with established customers, with potential to expand our customer base.
Diverse range of specialised plastic products across varied industry segments.
Experienced Promoters and senior management team.
The company derives a significant portion of its revenue from providing solutions under two business segments viz., Plastic Joining Solutions and Industrial Automation. Any decline in the revenue generated from these two business segments could have an adverse effect on the company's business, results of operations and financial condition.
The Company was not registered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952 until June 15, 2024 and consequently had violated the provisions of the Employees Provident Fund and Miscellaneous Provisions Act, 1952.
The Company was not registered under the Employees State Insurance Act, 1948 until June 15, 2024 and consequently had violated the provisions of the Employees State Insurance Act, 1948.
A significant portion of the company's revenue is generated from its limited number of large customers and if the company is unable to maintain its relationship with such customers or if there is a reduction in their demand for the company's services/ products. The company's business, results of operations and financial condition will be materially and adversely affected. Further, these large customers exercise substantial negotiating leverage with the company, which could adversely impact its results of operations.
The company does not have contractual agreements with suppliers for its raw materials and equipment suppliers and an increase in the cost of or a shortfall in the availability of raw materials and equipments etc. could have an adverse effect on the company's business and results of operations
The company generates the company's considerable portion of turnover from its operations in certain geographical regions and any adverse developments affecting the company's operations in these regions could have an adverse impact on the company's revenue and results of operations.
Increase in the prices of raw materials and fluctuations may adversely impact its business, financial condition and operational results.
The company requires certain approvals or licenses in the ordinary course of business, and the failures to renew, obtain, or retain them in a timely manner, or at all, may adversely affect its operations.
There are outstanding legal proceedings involving the Company, the company's Directors and our Promoters. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.
The company's Business is dependent on the company's factory. Any disruption, breakdown or failures of machinery, disruption to power sources or any temporary shutdown of its factory, may have a material adverse effect on the company's business, results of operations, financial condition and cash flows.
