Quality Assurance.
Financial Performance with Improving Profitability but Negative Operating Cash Flows.
Strong and Consistent Financial Performance
An integrated production processes and Committed to High-Quality, Versatile Products.
Growing customer base and Cordial relations with Customers.
Scalable Manufacturing Model with Working Capital Sensitivity.
The company's corporate guarantee obligations and other contingent liabilities, including GST demands and
bank guarantees, may materially and adversely affect its financial condition, cash flows and
operations.
The Company's recent credit ratings reflect moderate credit risk and may impact its financial
flexibility and ability to raise funds on favourable terms.
The company's top ten customers contribute a major portion of its revenue, and the loss of the Company from one
or more of them may adversely affect its revenues and profitability.
The company requires high working capital for its smooth day to day operations of business and any
discontinuance or the company's inability to acquire adequate working capital timely and on favourable terms
may have an adverse effect on its operations, profitability and growth prospects.
The company derives a significant portion of its revenue from operations from domestic sales which exposes the company
to risks specific to Indian market and geographies.
Its Group Companies and Promoter Group Entities operates in the broader textile and garment
industry and the company has entered into related party transactions with them; however, any potential
conflict of interest may still arise despite existing non-compete arrangements with Group Companies.
The peer review auditor and the statutory auditor of the company are different.
The Company, Promoters and Directors are involved in certain legal and regulatory proceedings.
Any adverse decision in such proceedings may have a material adverse effect on its business,
financial condition, cash flows and results of operations.
The Company has not entered into any long-term contracts with any of its customers and the company typically
operates on the basis of purchase orders. Inability to maintain regular order flow would adversely
impact its revenues and profitability.
The Company has negative cash flows from its Financing activity and investing activity, details of which
are given below. Sustained negative cash flow could adversely impact the company's business, financial condition
and results of operations.
