ABS Marine

Focus on Government related contracts.

Improve its operating efficiency, quality of service and overall competitiveness.

Leverage strong relationships with customers.

Maintain diversity in contracts and customers.

Identify and pursue additional strategic alliances.

Continue to manage vessels internally and not outsource to third parties.

Its business is dependent on a few of the company`s clients who contribute to majority of its revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.

Revenue from a vessel is directly proportional to the type of the vessel. Under-utilisation of its largest vessels could affect its cash flows, revenues and results of operations

If the company is unable to collect its dues and receivables from the company`s customers, its results of operations and cash flows could be materially and adversely affected.

Its operating costs may increase as the company vessels age and its may have to make unexpected capital expenditures in order to maintain its fleet or comply with the evolving regulatory requirements.

Limited availability of vessels for purchase in the secondary market at the right time and increase in purchase prices of vessels in the secondary market may affect its financial condition. Its inability to sell vessels at an appropriate time may also adversely affect its results of operations and financial condition.

Defects in vessels acquired in the secondary market may not be apparent prior to purchase.

Failure to implement its growth strategy to provide services.

The COVID-19 pandemic has affected and may continue to materially affect its financial performance in future periods and it may otherwise have material adverse effects on the company`s business, results of operations, financial condition, and/ or its cash flows.

An increase in fuel prices or other operating costs would have an adverse impact on its profit margins.

The failure of its counterparties to meet their obligations to the company under any charter agreements or its failure to account for exceptional circumstances could cause the company to suffer losses or otherwise adversely affect its business.

The company is subject to extensive regulation and potentially substantial liability that could require significant expenditures and adversely affect its business, results of operations and financial condition.

Vessel values may fluctuate which may result in the incurrence of a loss upon disposal of a vessel.

The Company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.

Impact of potential information technology, cybersecurity attacksImpact of potential information technology, cybersecurity attacks.

The Company`s name and logo are not registered trademark.

Its industry is highly competitive and subject to intense price competition, which could depress vessel day rates and utilization rates, thereby adversely affecting its business and financial performance.

Increases in interest rates will adversely affect the cost of its borrowings.

The company may have difficulty in managing its planned acquistions of additional vessels.

The company may not be able to acquire additional vessels to address an immediate need of vessel capacity due to the absence of an active second-hand market for the sale of vessels, and this could have an adverse effect on its financial condition and results of operations.

Technological innovation could reduce the amount of charter payments the company receive and the value of its vessels.

Its Promoters, Directors and Key Managerial Personnel have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.

The company may be unable to attract and retain sufficient qualified and trained employee base which may adversely affect its business.

All its vessels are Indian flagged and owned which enables the company to take advantage of the cabotage laws. Any changes to such cabotage law may adversely affect its business, financial condition and results of operations. Further, the company will be at a disadvantage with respect to certain foreign jurisdictions due to their cabotage laws.

Its Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.

The average cost of acquisition of Equity Shares held by its Promoters could be lower than the Issue Price.

Its future fund requirements, in the form of further issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.

The company has in past entered into related party transactions and its may continue to do so in the future.

Its Promoters has extended personal guarantees with respect to various loan facilities availed by the Company. Revocation of any or all of these personal guarantees may adversely affect its business operations and financial condition.

An inability to comply with repayment and other covenants in the financing agreements or otherwise meet its debt servicing obligations could adversely affect the company`s business, financial condition, cash flows and credit rating.

The company is yet to place orders for purchase of vessels, and may not be able to derive the expected benefits of the deployment of the Net Proceeds, in a timely manner, or at all.

The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the `Objects of the Issue`. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.

The company has substantial working capital requirements and may require additional financing to meet working capital requirements in the future. A failure in obtaining such additional financing at all or on terms favorable to it could have an adverse effect on its results of operations and financial condition.

Its success largely depends upon the knowledge and experience of its Promoters, Directors, and the company Key Managerial Personnel. Loss of any of its Directors and key managerial personnel or the company`s ability to attract and retain them could adversely affect its business, operations and financial condition.

Any defect in title/ ownership of owner (s) (including the Promoters/ Promoter Group), from whom the Company has bought space/ taken space on lease, may adversely affect the operations of the Company resulting in loss of business.

The requirement of funds in relation to the objects of the Issue has not been appraised.

Its ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.

Its insurance coverage may not be adequate to protect the company against all potential losses, which may have a material adverse effect on its business, financial condition and results of operations.

The deployment of funds is entirely at its discretion and as per the details mentioned in the chapter titled "Objects of the Issue".

The company has not independently verified certain data in this Draft Red Herring Prospectus.

The requirements of being a listed company may strain its resources.

The Equity Shares have never been publicly traded and the Issue may not result in an active or liquid market for the Equity Shares.

There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of National Stock Exchange of India Limited in a timely manner or at all.

There is no existing market for its Equity Shares, and the company does not know if one will develop to provide you with adequate liquidity. Further, an active trading market for the Equity Shares may not develop and the price of the Equity Shares may be volatile.

The price of the Equity Shares may be highly volatile after the Issue.

You will not be able to sell immediately on the Stock Exchanges any of the Equity Shares you purchase in the Issue.

There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder`s ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.

The price of the Equity Shares may be volatile, which could result in substantial losses for investors acquiring the Equity Shares in the Issue.

Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoters or members of the company Promoters Group may adversely affect the trading price of the Equity Shares.

Sale of Equity Shares by its Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.

Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.

Its business is subject to risks inherent in conducting business internationally that may adversely affect the company`s operations.

Its results of operations may be adversely affected by foreign currency exchange rate fluctuations and movements in interest rates as well as changes to the accounting treatment of the effects of such fluctuations and movements.

Its vessels could be arrested by maritime claimants, which would result in a significant loss of earnings and cash flow, thereby adversely affecting its financial condition and results of operations. Its vessels could be arrested by maritime claimants, which would result in a significant loss of earnings and cash flow, thereby adversely affecting its financial condition and results of operations.