Umiya Mobile Ltd IPO

The Company's business highly depends on the brands recognition and reputation of the products it offers to sell and their inability to maintain or enhance brands image that its sell could have a material adverse effect on the company business, financial condition and results of operations.

The company is subject to quality requirements and any product defect issues or failures by it or the company suppliers to comply with quality standards may lead to the cancellation of existing and future orders, recalls and exposure to potential product liability claims. Further, if any of its products does not meet regulatory standards or are defective, we may be, inter alia, (i) responsible for damages relating to any defective products, (ii) required to replace, recall or redesign such products or (iii) incur significant costs to defend any such claims.

The Company is dependent on few numbers of suppliers for purchase of products. Loss of any of this large Suppliers may affect its business operations.

Its business is a high volume-low margin business.

Its may be subject to risks associated with product warranty for the brand products

Opening and closing stores is a regular part of Company's business and depends mainly on how much revenue each store generates.

Its may not be able to accurately manage the company inventory, this may adversely affect its goodwill and business, financial condition and results of operations.

The Company's failure to maintain the quality standards of the products or keep pace with the technological developments could adversely impact its business, results of operations and financial condition.

The company generate its major portion of sales from the company operations in certain domestic market. Any adverse developments affecting its operations in these regions could have an adverse impact on the company revenue and results of operations.

The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.