Yaashvi Jewellers Ltd IPO

The company depend on few suppliers for its raw materials required for the company's operations and the company has not entered into any longterm agreements. Any delays, interruptions or reduction in the supply of raw materials to manufacture the company's products and any abrupt fluctuations in the prices of its raw materials may adversely affect the pricing of the company's products and may have an impact on the company business, results of operation, financial condition and cash flows.

The company depends on certain customers for a significant portion of the company's revenues, Also, the Company in the usual course of business does not have any long-term contracts with its customers and the company rely on purchase orders for delivery of its products and the company's customers may cancel or modify their orders, change quantities, delay or change their sourcing strategy. Loss of one or more of its top customers or a reduction in their demand for the company's products or reduction in revenue derived from them may adversely affect its business, results of operations and financial condition.

The company's jewellery business faces risks from market volatility and changing customer preferences. Fluctuations in commodity prices like gold and silver could impact its costs and profitability. The company's ability to anticipate changes in industry trends to meet customers' demands and any variations in the government regulations/policies or technology upgradation is a significant factor to remain competitive, any failures to identify and understand the trends may materially adversely affect the company's business.

Majority of the company's revenue from operation is derived from manufacturing of plain gold chains. Any reduction in the sale of plain gold chains, or the company's inability to manufacture and sell plain gold chains, may have an adverse effect on its business, results of operations, cash flows and financial condition.

The company's ability to attract customers is dependent on the success and visibility of its retail shop and showroom.

The company's revenue is heavily reliant on its operations within certain geographical regions. Any adverse developments, such as economic downturns, political instability, or natural disasters, in these regions could significantly impact the company's revenue and overall financial performance. Additionally, the company is subject to risks associated with expansion into new geographies

The company business operations are supported by a single manufacturing facility, located in Jaipur, Rajasthan. A slowdown or shutdown in the company's manufacturing operations or any adverse development affecting such region could have an adverse effect on its business, results of operations, financial condition and cash flows.

The company's registered office, manufacturing unit, retail shop and showroom are not owned by it and are taken on permission to use/rental basis. If the company is unable to renew the company's existing rental agreements or relocate its operations on commercially reasonable terms, there may be a material adverse effect on the company's business, financial condition, results of operations and cash flows could be adversely affected.

The Company has negative cash flows from operating, investing and financing activities in the past, details of which are given below. Sustained negative cash flow could impact the company's growth and business.

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