The company is dependent on its promoters and senior management and other key personnel, and the loss of, or its inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.

Its business is substantially dependent on certain key customers, from whom the company derives a significant portion of its revenues. The loss of any significant customer may have a material and adverse effect on its business and results of operations.

The company is dependent on its Top 10 suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of its raw materials, or an increase in its 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 has its registered office situated at Plot No. 4/A, 4/B & 6, Janla Industrial Area, Khordha, Jatni, Orissa- 752054, India , the company has entered into lease agreement for the same. In case of suspension or cancellation of lease by IDCO, there may be an effect on its business, results of operations and prospects.

Its business requires the company to obtain and renew certain licenses and permits from government, regulatory authorities and the failures to obtain or renew them in a timely manner may adversely affect its business operations.

Its business will suffer if the company fails to keep pace with rapid changes in technology and the industries on which the company focus.

The company is dependent on third party transportation providers for the delivery of its raw material and products. Accordingly, continuing increase in transportation costs or unavailability of transportation services for them, as well the extent and reliability of Indian infrastructure may have an adverse effect on its business, financial condition, results of operations and prospects.

The company intend to use a portion of the Net Proceeds to prepay / repay certain loan facilities.

In addition to normal remuneration, other benefits and reimbursement of expenses some of its Directors (including its Promoters) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.

The Company and its Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, result of operations and financial conditions.