Experienced Promoter and management team with proven execution capabilities and Skilled work force and
Karigars with contemporary designing capabilities.
Long business experience and established network of suppliers and Clients.
Profitable track record and strong balance sheet.
Wide and diverse range of ornament offerings.
Large and unique design database.
The company may continue to derives a material portion of its revenue from the company top ten customers and its financial dependence
on the company top ten customers poses a potential risk. A reduction in business from these top ten customers or any other major
clients could has negative implications for both its revenue and profitability.
The company is highly dependent on its suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of its
raw materials, or an increase in the company raw material costs and other input costs, may adversely affect the pricing and supply
of its products with subsequently having an adverse effect on the business, results of operations and financial conditions
of the company.
The company revenues is highly dependent on its operations in geographical region of state of Gujarat. Any adverse development
affecting the company operations in this region could has an adverse impact on its business, financial condition and results of
operations.
A significant portion of the company manufacturing relies on artisans or Karigars who operates independently, which could
introduce its to potential risks stemming from any challenges or changes affecting their operations.
Regulatory and Financial Risks Dues to Delay in Filing Form MGT-14 and Late Refund of Application Money.
Certain delays, discrepancies and Omissions has been detected in the company statutory records, as well as in records related to
the submission of returns to the concerned Registrar of Companies.
There is certain discrepancies and non-compliances noticed in filing of returns and deposit of statutory dues with the
taxation and other statutory authorities in the past. Any delay in payment of statutory dues by the Company in future,
may result in the imposition of penalties, which could adversely impact its financials.
Any fluctuation in price and supply of raw materials, particularly gold, which is the company primary raw material for the
manufacture of its products, could adversely impact the company income. Its gold and jewellery business faces risks from market
volatility and changing consumer preferences. Fluctuations in commodity prices like gold could impact its costs and
profitability. Evolving consumer tastes influence product demand, necessitating continuous adaptation to remain
competitive.
The Company requires significant amounts of working capital for continued growth. Its inability to meet the company working
capital requirements may has an adverse effect on the results of operations.
The company has experienced negative cash flows from Operating and investing activities in the past.
