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The company is dependent on collaborations, agreements or authorizations received by the Company from third party manufacturers and suppliers. Such agreements are usually valid for a period of 3 to 5 years and if such agreements are terminated or not renewed at favourable terms, its operations may be adversely affected.
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The company is dependent on collaborations, agreements or authorizations received by the Company from third party manufacturers and suppliers. Such agreements are usually valid for a period of 3 to 5 years and if such agreements are terminated or not renewed at favourable terms, its operations may be adversely affected.
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The company face risks relating to sourcing of raw materials and components for manufacturing and assembly of its medical equipments from third parties.
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The company face risks relating to sourcing of raw materials and components for manufacturing and assembly of its medical equipments from third parties.
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Loss of any of its key customers or significant reduction in demand from, the company significant customers may materially and adversely affect its business and financial performance.
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Loss of any of its key customers or significant reduction in demand from, its significant customers may materially and adversely affect the company business and financial performance.
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The company depend significantly on customers and their spending in the healthcare industry and any decline in the spending on healthcare infrastructure in India, could adversely affect its business and profitability.
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The company depend significantly on customers and their spending in the healthcare industry and any decline in the spending on healthcare infrastructure in India, could adversely affect its business and profitability.
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The company is significantly dependent on the sale of one of products viz: Meditapes imported from JMS Co Ltd. An inability to anticipate or adapt to evolving up gradation or inability to ensure product quality or reduction in the demand of such products may adversely impact its revenue from operations and growth prospects.
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The company is significantly dependent on the sale of one of products viz: Meditapes imported from JMS Co Ltd. An inability to anticipate or adapt to evolving up gradation or inability to ensure product quality or reduction in the demand of such products may adversely impact its revenue from operations and growth prospects.
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The company is required to obtain, renew or maintain certain statutory and regulatory permits and approvals required to operate its business and if the company fail to do so in a timely manner or at all and its business, financial conditions, results of operations, and cash flows may be adversely affected.
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The company are required to obtain, renew or maintain certain statutory and regulatory permits and approvals required to operate its business and if the company fail to do so in a timely manner or at all and its business, financial conditions, results of operations, and cash flows may be adversely affected.
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Quality problems and product liability claims could lead to recalls or safety alerts, reputational harm, adverse verdicts or
costly settlements, and could have an adverse effect on its business, results of operations, financial condition and cash flows.
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Quality problems and product liability claims could lead to recalls or safety alerts, reputational harm, adverse verdicts or
costly settlements, and could have an adverse effect on its business, results of operations, financial condition and cash flows.
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The company business is dependent on its manufacturing facilities and assembly units. Obsolescence, destruction, theft, breakdowns of its machineries or failures to repair or maintain the same may affect its business, cash flows, financial condition and results of operations.
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The company business is dependent on its manufacturing facilities and assembly units. Obsolescence, destruction, theft, breakdowns of the company machineries or failures to repair or maintain the same may affect its business, cash flows, financial condition and results of operations.
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Restrictions on import and an increase in shipment cost may adversely impact its business, cash flows and results of operations.
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Restrictions on import and an increase in shipment cost may adversely impact its business, cash flows and results of operations.
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The Company and Directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render it/them liable to liabilities /penalties/ prosecutions and may adversely affect its business
and results of operations.
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The Company and Directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render it/them liable to liabilities/ penalties/ prosecutions and may adversely affect its business and results of operations.
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There are certain discrepancies/errors noticed in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/2013. Some of its corporate records are not traceable. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
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There are certain discrepancies/errors noticed in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/2013. Some of its corporate records are not traceable. Any
penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
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Inventories and trade receivables form a major part of its current assets. Failure to manage its inventory and trade receivables could have an adverse effect on the company net sales, profitability, cash flow and liquidity.
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Inventories and trade receivables form a major part of its current assets. Failure to manage the company inventory and trade receivables could have an adverse effect on its net sales, profitability, cash flow and liquidity.
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The company success depends on stable and reliable logistics and transportation infrastructure. Disruption of logistics and transportation services could impair the ability of its suppliers to deliver raw materials or the company ability to deliver products to its customers and/ or increase the company transportation costs, which may adversely affect its operations.
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The company success depends on stable and reliable logistics and transportation infrastructure. Disruption of logistics and transportation services could impair the ability of its suppliers to deliver raw materials or its ability to deliver products to its customers and/ or increase the company transportation costs, which may adversely affect its operations.
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Some of its Group Companies and Promoter Group Entities operate in the same line of business as it, which may lead to conflict of interest.
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Some of its Group Companies and Promoter Group Entities operate in the same line of business as it, which may lead to conflict of interest.
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Fluctuation in foreign currency exchange rates could affect its financial condition and results of operations.
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Fluctuation in foreign currency exchange rates could affect its financial condition and results of operations.
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The company expansion plan towards backward integration relating to installation of additional plant and machinery is subject to the risk of unanticipated delays in implementation and cost overruns.
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The company expansion plan towards backward integration relating to installation of additional plant and machinery is subject to the risk of unanticipated delays in implementation and cost overruns.
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The company insurance coverage may not be adequate to protect it against all potential losses to which its may be subject and this may have a material effect on its business and financial condition.
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The company insurance coverage may not be adequate to protect it against all potential losses to which its may be subject and this may have a material effect on its business and financial condition.
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The names of its Promoters Hanskumar Shamji Shah and Kaushik Hanskumar Shah were appearing in the list of disqualified directors in the past.
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The names of its Promoters Hanskumar Shamji Shah and Kaushik Hanskumar Shah were appearing in the list of disqualified directors in the past.
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The company also sell its products through network of distributors and dealers and any inability to expand or effectively manage its growing distribution and sales network may have an adverse effect on its business, results of operations and financial condition.
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The company also sell its products through network of distributors and dealers and any inability to expand or effectively manage its growing distribution and sales network may have an adverse effect on its business, results of operations and financial condition.
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The company assembly units are located on leased premises. If its unable to renew these leases or relocate on commercially suitable terms, it may have a material adverse effect on its business, results of operation and financial condition.
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The company assembly units are located on leased premises. If its unable to renew these leases or relocate on commercially suitable terms, it may have a material adverse effect on its business, results of operation and financial condition.
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The logo used by the Company is not registered under the Trade Marks Act, 1999. Failure to protect its intellectual property rights may adversely affect its competitive business position, financial condition and profitability.
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The logo used by the Company is not registered under the Trade Marks Act, 1999. Failure to protect its intellectual property rights may adversely affect its competitive business position, financial condition and profitability.
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The company contingent liabilities as stated in its Restated Financial Statements could affect its financial condition.
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The company contingent liabilities as stated in its Restated Financial Statements could affect its financial condition.
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The company face competition and may not be able to keep pace with the rapid technological changes in the industry.
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The company face competition and may not be able to keep pace with the rapid technological changes in the industry.
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If the company is unable to manage its growth effectively, its business, future financial performance and results of operations could be materially and adversely affected.
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If the company is unable to manage its growth effectively, its business, future financial performance and results of operations could be materially and adversely affected.
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The company is dependent on its Promoters, the company senior management and other key personnel, and the loss of, or its inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.
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The company is dependent on its Promoters, the company senior management and other key personnel, and the loss of, or its inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.
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The company activities require deployment of labour and depend on availability of labour. In case of unavailability of such labour, its business operations could be affected.
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The company activities require deployment of labour and depend on availability of labour. In case of unavailability of such labour, its business operations could be affected.
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The company Promoters and Promoter Group Members have provided personal guarantees for loan facilities obtained by the Company, and any failure or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations and thereby, impact its business and operations.
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The company Promoters and Promoter Group Members have provided personal guarantees for loan facilities obtained by the Company, and any failure or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations and thereby, impact its business and operations.
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Information relating to installed capacity of its manufacturing facilities included in this Draft Prospectus is based on various assumptions and estimates and its future production and capacity may vary.
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Information relating to installed capacity of its manufacturing facilities included in this Draft Red Herring Prospectus is based on various assumptions and estimates and its future production and capacity may vary.
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Under-utilization of its manufacturing capacities may have an adverse effect on its business, future prospectus and future financial performance.
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Under-utilization of its manufacturing capacities may have an adverse effect on its business, future prospectus and future financial performance.
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Excessive dependence on Standard Chartered Bank and Yes Bank Limited in respect of Loan facilities obtained by the Company.
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Excessive dependence on Standard Chartered Bank and Yes Bank Limited in respect of Loan facilities obtained by the Company.
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The Company has during the preceding one year from the date of the Draft Red Herring Prospectus allotted Equity Shares at a price which is may be lower than the Issue Price.
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The Company has during the preceding one year from the date of the Draft Prospectus allotted Equity Shares at a price which is may be lower than the Issue Price.
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The company is subject to certain restrictive covenants in debt facilities provided to it by the company lenders.
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The company is subject to certain restrictive covenants in debt facilities provided to it by the company lenders.
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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 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 its Company`s financial condition and results of operations.
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Changes in technology may render its current technologies obsolete or require the company to make substantial investments.
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Changes in technology may render its current technologies obsolete or require the company to make substantial investments.
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The average cost of acquisition of Equity Shares by its Promoters, is lower than the face value of Equity Share.
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The average cost of acquisition of Equity Shares by its Promoters, is lower than the face value of Equity Share.
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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.
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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.
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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.
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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.
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Any Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
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Any Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
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The Objects of the Issue for which funds are being raised, are based on its management estimates and have not been appraised by any bank or financial institution or any independent agency.
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The Objects of the Issue for which funds are being raised, are based on its management estimates and have not been appraised by any bank or financial institution or any independent agency.
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The company ability to pay any dividends will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
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The company ability to pay any dividends will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
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There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
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There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
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The company Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
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The company Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
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The company may require further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy the company capital needs, which its may not be able to procure and any future equity offerings by the company.
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The company may require further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy the company capital needs, which its may not be able to procure and any future equity offerings by the company.
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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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Certain data mentioned in this Draft Prospectus has not been independently verified.
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Investors other than retail (including non-institutional investors and Corporate Bodies) are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Amount) at any stage after submitting an Application.