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Substantial portion of its revenues has been dependent upon few customers. The loss of any one or more of the company
major customers would have a material adverse effect on its business, cash flows, results of operations and
financial condition.
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The Company is dependent on a few suppliers for purchases of product/service. The loss of any of these large
suppliers may affect its business operations.
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The company generate its major portion of revenue from the company operations in certain geographical regions and any adverse
developments affecting its operations in these regions could have an adverse impact on the company revenue and results
of operations.
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The company is subject to various risks associated with transportation and its may face claims relating to loss or damage
to goods, personal injury claims or other operating risks that are not adequately insured.
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The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash
flow could adversely impact its business, financial condition and results of operations.
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The Company has availed unsecured loans which are repayable on demand. Any demand from lenders for
repayment of such unsecured loans, may adversely affect its cash flows.
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The company has in the past entered into related party transactions and may continue to do so in the future. There can be
no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the
Company`s financial condition and results of operations.
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The company has incurred substantial indebtedness which exposes it to various risks which may have an adverse effect on
its business and results of operations.
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Its Contingent Liability and Commitments could affect the company financial position.
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The Company, Promoters and Directors, subsidiary and Key Managerial Personnel are party to certain tax
proceedings, any adverse decision in such proceedings may have a material adverse effect on its business, results
of operations and financial condition.
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The company is substantially and heavily dependent upon the services of its Promoters for the company entire business. Further,
its success depends largely upon the services of the company Directors, Promoters and other Key Managerial Personnel
and its ability to attract and retain them. Demand for key managerial personnel in the industry is intense and
the company inability to attract and retain key managerial, may affect the business and operations of the Company.
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Its long-term growth and competitiveness are dependent on the company ability to control costs and pass on any increase
in operating expenses to customers, while continuing to offer competitive pricing.
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Its insurance coverage may not be adequate to protect the company against certain operating hazards and this may have a
material adverse effect on the company business and financial conditions.
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The company intend to utilise a portion of the Net Issue Proceeds for funding its Capital Expenditure for purchase of
trucks and equipment. The company is yet to place orders for such equipment.
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Its inability to manage the company diversified operations may have an adverse effect on its business, results of
operations, financial condition and cash flows. Failures to improve diversification of the company revenue streams exposes
it to risk of concentration of revenue from transportation verticals.
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The company operates in a highly competitive industry and increased competition may lead to a reduction in its revenues,
reduced profit margins or a loss of market share.
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The company is dependent on third party service providers and suppliers to effectively carry on its logistics operations.
Any deficiency in services provided by them or failures to maintain relationships with them could result in
disruption in its operations, which could have an adverse effect on the company business, financial condition, results of
operations and cash flows.
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Any disruptions which affect its ability to utilize the transportation network in an uninterrupted manner could
result in delays, additional costs or a loss of reputation or profitability.
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Its business operations depend on the company ability to generate sufficient volumes to achieve acceptable profit margins
or avoid losses.
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The company has recently entered into the business of warehousing and may face several risks associated with the new
venture, which could hamper its growth, cash flows and business and financial condition.
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The company is exposed to the risk of delays or non-payment by our clients which may also result in cash flow
mismatches.
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The company don`t own any of the premises where its Registered office and warehouses are located and from where the company
carry out its business activities. Any dispute in relation to use of these premises or delay in renewal or nonrenewal
of the leases of such premises could have a material adverse effect on its business and results of
operation.
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The company has experienced delayed filings of certain e-forms under Companies Act, 2013 with Registrar of
Companies which may attract penalties, fines and other regulatory actions.
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There are certain delays noticed in some of its records relating to filing of returns and deposit of statutory dues
with the taxation and other statutory authorities.
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Its may not be able to adequately protect or continue to use the company intellectual property.
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If the company is unable to manage its growth effectively or if the company estimates or assumptions used in developing its
strategic plan are inaccurate or the company is unable to execute its strategic plan effectively, the company business and prospects
may be materially and adversely affected.
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The company requires certain approvals and licenses in the ordinary course of business and are required to comply with
certain rules and regulations to operate its business, and the failures to obtain, retain and renew such approvals
and licenses in a timely manner or comply with such rules and regulations or at all may adversely affect its
operations.
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Any penalty or demand raised by statutory authorities in future may adversely affect its financial position of the
Company.
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The company could be adversely affected by employee misconduct or errors that are difficult to detect and any such
incidents could adversely affect its financial condition, results of operations and reputation.
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Its operations are subject to environmental, health and safety laws and regulations. The company operations are subject
to various Central and State environmental laws and regulations.
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Its Promoters have provided personal guarantees for financing facilities availed by the Company and may in
the future provide additional guarantees and any failures or default by the Company to repay such facilities in
accordance with the terms and conditions of the financing agreements could trigger repayment obligations on
them, which may impact their ability to effectively service their obligations as our Promoters and Directors and
thereby, adversely impact its business and operations.
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The average cost of acquisition of Equity Shares by its Promoters may be lower than the issue price of Equity
Share.
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Its Promoters and Promoter Group will continue to retain majority shareholding in the Company after this
Issue which will allow it to exercise significant influence over the company.
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Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major
shareholders may adversely affect the trading price of the company Equity Shares.
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The Issue Price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the
Issue and the market price of its Equity Shares may decline below the Issue Price and you may not be able to sell
your Equity Shares at or above the Issue Price.
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The company is not able to guarantee the accuracy of third party information included in this Red Herring Prospectus.
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Any variation in the utilization of the Net Issue Proceeds as disclosed in this Red Herring Prospectus shall be
subject to certain compliance requirements, including prior approval of the shareholders of the Company.
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The company has not identified any alternate source of raising the funds required for the objects of the Issue and the
deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of
the Issue".
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Any delays in the schedule of implementation of its proposed objects could have an adverse impact on the company
business, financial condition and results of operations.
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The Objects of the Issue for which funds are being raised are based on its management estimates and the same
have not been appraised by any bank or financial institution or any independent agency. The deployment of funds
in the project is entirely at our discretion, based on the parameters as mentioned in the chapter titled "Objects of
the Issue".
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There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds and
deployment of the issue is entirely at the discretion of the issuer.
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Its ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows,
working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
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The requirements of being a publicly listed company may strain its resources.