Falcon

Risks

• The company derives significant portion of its revenue from limited number of customers, the loss of one or more such customers, the deterioration of their financial position or prospects, or a reduction in their demand for its services could adversely affect its business, financial position and future prospects of the Company.

• Its Registered Office from where the company operates is not owned by it.

• The company operates in a competitive environment and may not be able to effectively compete with similar companies, which could have a material adverse effect on its business, results of operations and financial condition.

• Pricing pressure from its customers may adversely affect its gross margin, profitability and ability to increase the company prices, which may in turn have a material adverse effect on its results of operations and financial condition.

• Its Promoter Mr. Bharat Shreekishan Parihar plays a key role in the company functioning and its heavily relies on his knowledge and experience in operating its business and therefore, it is critical for the company`s business that its promoter remain associated with the company.

• The company depends on its management team and other personnel with technical expertise, and if the company is unable to recruit and retain qualified and skilled personnel, its business and its ability to operate or grow the company`s business may be adversely affected.

• There are outstanding litigations involving the Company, Promoters and Directors which, if determined adversely, may affect its business and financial condition.

• If the company is unable to collect its dues and receivables from the company`s customers in accordance with the terms and conditions of the contracts and the delivery and payment schedules, its business, results of operations or financial condition could be materially and adversely affected.

• The company has experienced negative cash flows in the past. Any such negative cash flows in the future could affect its business, results of operations and prospects.

• Its business requires significant amounts of working capital. If the company experience insufficient cash flows from its operations or are unable to borrow funds to meet the company working capital requirements, it may materially and adversely affect its business and results of operations.

• The company is unable to trace certain documents in relation to regulatory filings, corporate actions taken by the Company and have made certain delayed or inaccurate statutory form filings with the RoC in the past and are delayed in filing of other statutory forms with the RoC. Consequently, its may be subject to adverse regulatory actions and penalties for any past or future non- compliance and our business, financial condition and reputation may be adversely affected.

• The company has entered into and will continue to enter into, related party transactions. There is no assurance that its future related party transactions would be on terms favorable to it when compared to similar transactions with unrelated or third parties.

• The Company has higher debt-equity ratio which requires significant cash flows to service its debts obligations, and this, together with the conditions and restrictions imposed by its financing arrangements, fluctuations in the interest rates may limit its ability to operate freely and grow its business.

• Hypothecation of Company property as security toward borrowings from the lenders.

• There are some delay filing of certain GST forms and also delay in making statutory payment by the company.

• Godown the company used for business purpose is not owned by it.

• Certain agreements with respect to borrowings are inadequately stamped or may not have been registered.

• Certain of its Promoters, Directors and Key Management Personnel may be interested in it other than in terms of remuneration and reimbursement of expenses, and this may result in conflict of interest with the company.

• The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.

• The company does not have copies of past experience certificates of our promoters/Directors and Key Managerial Personnel.

• Unsecured loans taken by the Company can be recalled by the lenders at any time.

• The company Company has not registered the trademark. Its ability to use the trademark may be impaired if the same is not registered under its name.

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

• There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by its Audit Committee.

• 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 of this Issue which would in turn affect its revenues and results of operations.

• Its insurance coverage may not be adequate.

• The company may be subject to reputational risks due to any dissatisfaction in the service quality or mismanagement in deliverables. If its services do not meet the company customers` expectations, its may faces reputational risk which may become hard for the company to recover from.

• Certain sections of this Prospectus disclose information from the industry report which has been commissioned and paid for by it exclusively in connection with the Issue and any reliance on such information for making an investment decision in the Issue is subject to inherent risk.

• The company may be unable to respond to changes in customer demands and market trends in a timely manner.

• If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report its financial risks.

• The Company will continue to be controlled by its Promoters after the Issue. There is no assurance that its Promoters will take actions that are in the best interest of the Company or that of the other shareholders.

• The company requires a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be obtained by it and any failures or delay in obtaining the same in a timely manner may adversely affect its operations.

• The company has projects in diverse geographic regions and markets which may subject it to various challenges.

• If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.

• Some of the KMPs are associated with the company for less than two year.

• The Company does not have any listed peer companies for comparison of performance and therefore, investors must relies on their own examination of accounting ratios of the Company for the purposes of investment in the Issue.