Euphoria Infotec

Acquire new clients and deepen key account relationships.

Diversify our Business Portfolio.

Enhancing existing technology and thrive to make people centric policies and practices.

Increase in Productivity and Efficiency.

Enhance customer base by entering new geographies.

Focus on quality.

The income tax department for the Assessment Year 2017-18 has made an addition of the entire turnover of Rs.626.63 Lakhs and demanded tax of the Rs.484.07. The Company has filed an appeal before the Division Bench of the Hon`ble Calcutta High Court against the demand of the Income Tax Department.

The company is dependent on its ability to develop new services and products, and enhance the existing services and products. If its products and services do not gain market acceptance, the company operating results may be negatively affected.

The length of its sales cycle may fluctuate significantly and depends on several external factors which may result in significant fluctuations in its revenues.

Its may become liable to the customers and lose customers if the company has defects or disruptions in its service or if the company provide poor service.

The company`s business is dependent on the contractual arrangements entered into by it. Many of its client contracts can be terminated with or without cause by providing notice and without termination- related penalties.

The company is registered with Webel Technologies Limited which is a nodal agency for the Government of West Bengal for implementation of IT and ITes. In case its lose the registration with Webel Technologies Limited, the company business and results of operations may be adversely affected.

The Company requires several statutory and regulatory permits, licenses and approvals for its operations. The company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business may have a material adverse effect on the business & operations.

The company Promoter play key role in the functioning and its heavily relies on his knowledge and experience in operating the business and therefore, it is critical for the company business that the Promoter remain associated with it.

Any IT system failures or lapses on part of any of the company employees may lead to operational interruption, liabilities or reputational harm.

The company failure to adapt to technological developments or industry trends could affect the performance and features of the products and services and reduce its attractiveness to the customers.

The company`s business is dependent on developing and maintaining continuing relationships with the clients and customers. The loss of any significant client or customer could have a material adverse effect on its business, financial condition and results of operations.

In execution of the projects, the company collect information and data which are highly sensitive with regard to maintenance of secrecy of the projects and its data and information. Any failure on the part to maintain secrecy of the projects, will have an adverse effect on its results of operations and financial condition.

There have been instances of delays of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to the Registrar of Companies (RoC). Further, there are certain forms which are pending for filing with RoC.

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.

If the company is unable to attract new clients or its existing clients do not renew their contract, the growth of the business and cash flows will be adversely affected.

Interruptions or performance problems associated with the company technology and infrastructure may harm its business and results of operations.

Its may not be able to sustain effective implementation of the company business and growth strategy.

The company Promoter, Directors and Key Management Personnel have interest in the Company, other than reimbursement of expenses incurred or remuneration.

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.

There may be potential conflicts of interest if the Promoter or Directors get involved in any business activities that compete with or are in the same line of activity as its business operations.

The company has not identified any alternate source of funding and hence any failure or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.

If the company is unable to maintain and enhance its brand and reputation, the sales of the products may suffer which would have a material adverse effect on the company business operations.

The company is exposed to the risk of delays or non- payment by our clients and other counterparties, which may also result in cash flow mismatches.

The company has issued Equity Shares during the last one year at a price that may be below the Issue Price.

The average cost of acquisition of Equity Shares by the Promoter could be lower than the issue price.

The company has not made any dividend payments in the past and its ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in the financing arrangements.

There have been instances of delays in payment of statutory dues, i.e. EPFO and ESIC, by the Company. In case of any delay in payment of statutory due in future by the Company, the Regulatory Authorities may impose monetary penalties on it or take certain punitive actions against the Company in relation to the same which may have adverse impact on its business, financial condition and results of operations.

In case of any inability arise to source business opportunities effectively, The company may not achieve its financial objectives.

The Issue price of the company Equity Shares may not be indicative of the market price of the Equity Shares after the Issue and the market price of the 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.

The Objects of the Issue for which funds are being raised, are based on the management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".

The company future funds requirements, in the form of fresh 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 requirements of being a public listed company may strain the company resources and impose additional requirements.

The company operations could be adversely affected by disputes with employees.

Interest rate fluctuations may adversely affect the Company`s business.

Industry information included in this Draft Red Herring Prospectus has been derived from industry reports commissioned by it for such purpose. There can be no assurance that such third-party statistical financial and other industry information is either complete or accurate.

The company`s inability to manage growth could disrupt its business and reduce profitability.

You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.

The price of the company Equity Shares may be volatile, or an active trading market for the Equity Shares may not develop.