Vivaa Tradecom Ltd IPO

The top ten Buyers of its Product and top ten suppliers for raw material contribute majority of revenue and source of Raw Material. The company does not have long term agreement with the customer or supplier. The loss of any Customer or a decrease in the volume of order by any customer or any disruption in supply of raw material by any supplier may adversely affect its revenues and profitability.

The Company has sold out its cloths and readymade garments manufacturing units and its now in to trading activities.

The company does not own registered office from which its operate.

The Company is providing credit of average more than 100 days to the customers and also enjoy credit facility from the suppliers of average more than 100 days.

An Appeal filed before the Income Tax tribunal challenging the order passed under section 263(1) of the Income Tax Act, 1961 by the Principal Commissioner of Income Tax, any failure to plead its case successfully may have an adverse effect on the company business prospects, financial condition, result of ongoing operations and reputation.

The company have to update the name of the company in some of the statutory approvals and certificates due to the Change in the name upon conversion of the Company in to Public Limited Company.

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

The company has yet to obtain to Enrollment Certificate and Registration Certificate under the provisions of Gujarat State Tax on Profession, Trade, Calling and Employment Act, 1976.

Certain inaccuracy in relation to filings of forms with the RoC were done by the company.

The company results of operations may be materially adversely affected by its failure to anticipate and respond to changes in fashion trends and consumer preferences in a timely manner.