Boss Packaging

Risks

• The company`s Manufacturing Units is located at Ahmedabad in Gujarat and any adverse developments affecting this region could have an adverse effect on its business, results of operations and financial condition.

• Continued operations at its Manufacturing Unit is critical to the company`s business and any disruption in its Manufacturing Unit would have a material adverse effect on its business, results of operations and financial condition. Further, its Manufacturing Unit are not operating at optimum capacity utilization and there can be no assurance that the company will be successful in achieving such utilization levels.

• The company is heavily reliant on a few customers and its derives a significant part of the company revenue from select customers. The loss of any significant customer may have a material adverse effect on its business and results of operations.

• The Company operates in the capital goods industry which is sensitive to general economic downturn. The Company operates in the capital goods industry which is sensitive to general economic downturn.

• The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment/machineries in a timely manner, or at all, the same may result in time and cost over-runs.

• Its business is working capital intensive. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.

• The company is required to obtain, renew or maintain certain material statutory and regulatory permits and approvals required to operate its business, and if the company fails to do so in a timely manner or at all, its may be unable to operate the company`s business and its results of operations may be adversely affected.

• Any defect in its products may result in the company`s orders being cancelled and the company could become liable to customers, suffer adverse publicity and incur substantial costs which in turn could affect it adversely.

• The success of its business depends substantially on a number of key management personnel, management team, and on its operational workforce. The company`s inability to retain them or to recruit highly skilled technical personnel that are necessary for its business could adversely affect the company`s businesses.

• Activities involving its manufacturing process can be dangerous and can cause injury to people or property in certain circumstances. A significant disruption at any of the company`s Manufacturing Unit may adversely affect its production schedules, costs, sales and ability to meet customer demand.

• Developments in the competitive environment in the industry in which the company operates, such as expansion in manufacturing capacity of its competitors, consolidation among the company`s competitors, could have a material adverse effect on its competitive position and hence the company`s business, financial condition, results of operations or prospects.

• There have been certain instances of non- compliances, including with respect to certain secretarial/ regulatory filings taken by the Company in the past. Consequently, its may be subject to regulatory actions and penalties for any such non-compliance and its business, financial condition and reputation may be adversely affected.

• The company is exposed to foreign exchange related risks as a portion of its revenue from operations are in foreign currency.

• The company depends on outside parties for adequate and timely supply of raw materials at commercially acceptable prices. Any disruptions, delay or increase in prices of such material may have a material adverse effect on its business.

• The company is dependent on third party transportation and logistics service providers. Any increase in the charges of these entities could adversely affect its business, results of operations and financial condition.

• There are outstanding tax demand involving the Company.

• The Company has applied for registration of the trademarks in its name. Until such registration is granted, its may not be able to prevent unauthorised use of such trademarks by third parties, which may lead to the dilution of the company`s goodwill.

• Any adverse change in regulations governing its products and the products of the company`s customers, may adversely impact its business, prospects and results of operations.

• Its insurance coverage may not be sufficient or adequate to protect it against all material hazards, which may adversely affect its business, results of operations, financial condition and cash flows.

• Any inability on its part to manage the company`s growth or implement the company strategies effectively could have a material adverse effect on its business, results of operations and financial condition.

• Its Promoters and Promoter Group will, even after the culmination of this Issue, continue to be its largest Shareholders and can influence the outcome of resolutions, which may potentially involve conflicts of interest with the other Equity Shareholders.

• Its Promoters and some of the company`s Directors and Key Managerial Personnel have interests in it other than reimbursement of expenses incurred and normal remuneration or benefits.

• Its may not be able to secure funding in the future. In the event the Company is unable to obtain sufficient funding, it may delay its growth plans and have a material adverse effect on the company`s business, cash flows and financial condition.

• If the company does not continue to invest in new technologies and equipment, its technologies and equipment may become obsolete and the company`s cost of processing may increase relative to its competitors, which may have an adverse impact on the company`s business, results of operations and financial condition.

• The average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.

• Reliance has been placed on declarations and an affidavit furnished by Directors, for details of their profile included in this Prospectus.

• Any failures on the company`s part to effectively manage its inventory may result in an adverse effect on the company`s business, revenue from manufacturing operations and financial condition.

• The Company may not be successful in penetrating new export markets.

• Its operations could be adversely affected by strikes, work stoppages, demands for increased wages or any other kind of employee dispute.

• The shortage or non-availability of power facilities may adversely affect its manufacturing processes and have an adverse impact on the company`s results of operations and financial condition.

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

• Any failures of its information technology systems could adversely affect the company`s business and its operations.

• The Company`s ability to pay dividends in the future will depends on a number of factors, including but not limited to the Company`s earnings, capital requirements, contractual obligations, applicable legal restrictions and overall financial position.

• The Company, in the past, has delayed in the payment of statutory dues.

• Delays or defaults in client payment could result in reduction of its profits.

• Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.

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

• In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects / schedule of implementation of this Issue which would in turn affect its revenues and results of operations.

• Any material deviation in the utilisation of Issue Proceeds shall be subject to applicable law.

• The Company has availed Rs. 65.62 lakhs as unsecured loan, which are repayable on demand and its Promoters have issued personal guarantees in relation to same. Any demand for repayment of such unsecured loans may affect its cash flows and financial condition.

• The requirements of being a listed entity may strain its resources.

• Any future issuance of Equity Shares, or convertible securities or other equity linked securities by it and any sale of Equity Shares by its Promoter may dilute your shareholding and adversely affect the trading price of the Equity Shares.

• If there is any change in tax laws or regulations, or their interpretation, such changes may significantly affect its financial statements for the current and future years, which may have a material adverse effect on its financial position, business and results of operations.

• Statistical and industry data contained in this Prospectus may be incomplete or unreliable.

• There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.

• The company has not made any alternate arrangements for meeting its working 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.

• Its Registered Office is located on premise which is not owned by the company and has been obtained on leave and license basis. Disruption of sour rights as licensee or termination of the agreements with its licensors would adversely impact the company`s operations and, consequently, its business, financial condition and results of operations.

• Information related to its installed capacities and the historical capacity utilisation of the company`s Manufacturing Units included in this Prospectus is based on various assumptions and estimates and future production and capacity utilisation may vary.