Multi-Brand Retailing and Partnership Opportunities.
Own managed stores.
Track record of stable operating and financial performance and growth.
Diversified customer base.
Opening and closing stores is a regular part of Company's business and depends mainly on how much revenue
each store generates.
The Company's business is highly dependent on the brand recognition and reputation of the products the company Issue.
Any failures to maintain or enhance the image of these brands could have a material adverse effect on the Company's
business, financial condition, and results of operations.
The Company's operations and revenues are limited to and concentrated in the geographical region of the State of Gujarat.
In the State of Gujarat also its business revenue is generated mainly from one district viz., Surat. Any adverse
development affecting the Company's operations in this region or any saturation could have an adverse impact on its
business, financial condition and results of operations.
The Company's business is dependent on high volume sales.
The Company's Registered Office and other premises from where the company operates are not owned by it.
The Company has had negative cash flows in the past years, details of which are given below. Sustained negative
cash flow could impact on the Company's growth and Business.
The Company has taken offices on lease /leave and license basis and in past some of the lease/ leave and license
agreements were not renewed/not executed/inadequately executed or are not registered because of which
operations may be adversely affected.
The immediate relatives of the Company's Promoters, who are deemed to be a part of the Promoter Group under the SEBI
(ICDR) Regulations 2018 have not provided consent, information or any confirmations or undertakings
pertaining to themselves which are required to be disclosed as part of the Promoter Group in this Draft Red
Herring Prospectus.
The company is facing challenge in obtaining registration under Gujarat Shops and Establishments Act, 2019 for 4 (Four)
of the Company's premises owing to property tax issue on behalf of original owner . In case of the Company's inability to obtain, renew
or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may
have a material adverse effect on the Company's business.
In case of the Company's inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals
required to operate its business it may have a material adverse effect on the Company's business.