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The Company has been formed specifically for the purpose of acquisition of the business of
"Oneclick Logistics LLP" thus its have limited operating history as a Company which may make it
difficult for investors to evaluate the company historical performance or future prospects.
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The Company operates in a highly competitive industry, and such competition may adversely affect the Company`s results of operations.
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The Company has made application for registration of trademarks under Trade Marks Act and the
status of the same is pending as on date of the Draft Prospectus.
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The company business could be significantly affected by changes in global economic conditions.
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Trade restrictions could materially and adversely affect its business, financial condition and results of operations.
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The company is dependent on its customers` business performance and developments in their markets and industries and their continuing outsourcing of logistics operations.
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The company is dependent on third party carriers and inland transportation companies to transport its client`s cargo.
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The company freight forwarding business depends upon the network of overseas agents for fulfilment of logistics needs of the customers. Its inability to maintain the relationships with the overseas agents or deficiency in the service provided by such agents may adversely affect of the revenues and profitability.
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The Company may not be able to deliver the cargo on timely basis due to which its could become
liable to claims by the customers, suffer adverse publicity and incur substantial cost as result of
deficiency in the service which could adversely affect its results of operations.
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The Registered Office from where its operate is not owned by it. In the event of the lose such rights, the company business, financial condition and results of operations and cash flows could be adversely affected.
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The company top 10 customers contribute majority of the revenues from operations for the period ended February 15, 2023. Any loss of business from one or more of them may adversely affect its revenues and profitability.
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If the company is unable to retain existing customers and acquire new customers, its future revenues and operating results will be harmed.
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The Company has acquired limited liability partnership of the Promoters i.e., "Oneclick Logistics LLP" after its incorporation vide business transfer agreement dated February 10, 2023. Any future acquisition of other businesses could result in operating difficulties, integration issues and other adverse consequences due to the limited past experience in businesses.
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Substantial portion of the revenues has been dependent upon few customers. The loss of any one or more of the major customer would have a material adverse effect on its business, cash flows, results of operations and financial condition.
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The company is an asset light third party logistics company and hence are exposed to certain risks and delays in delivering the cargo/service on time and reporting certain events.
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The company inability to manage its planned growth could have an adverse impact on the business.
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Breakdown, mishaps or accidents could result in a loss or slowdown in operations and could also
cause damage to life and property.
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The COVID-19 pandemic has affected, and could continue to affect, the global economy as a hole
and markets in which its operate.
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Significant increases in freight, transportation and other costs may materially and adversely affect its business, financial condition and results of operations.
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The company`s success depends heavily upon the Promoters and Directors for their continuing services, strategic guidance and financial support.
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The company is susceptible to risks relating to fluctuations in currency exchange rates.
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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 failure to obtain, retain and renew such approvals and licenses in timely manner or comply with such rules and regulations or at all may adversely affect the company operations.
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The company experience the effects of seasonality, which may result in its operating results fluctuating significantly.
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In addition to normal remuneration, other benefits and reimbursement of expenses of the Directors
(including the Promoter) and Key Management Personnel are interested in the Company to the
extent of their shareholding and dividend entitlement in the Company.
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The Company has during the preceding one year from the date of the Draft Prospectus have allotted
Equity Shares at a price which is lower than the Issue Price.
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The qualification and experience proof of some of the Promoters & Directors may not be available.
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The company requires high working capital for the smooth day to day operations of business and any discontinuance or its inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on the operations, profitability and growth prospects.
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The Company has entered into certain related party transactions and may continue to do so in the
future.
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Delays or defaults in payment by the customers could affect the company cash flows and may adversely affect its financial condition and operations.
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The Company`s insurance coverage may not be adequate to cover all losses associated with its
business operations.
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The company`s business is dependent on the transportation infrastructure in India and its ability to utilise the vehicles in an uninterrupted manner. Any disruptions or delays in this regard could adversely affect it and lead to a loss of reputation and/ or profitability.
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If the company is unable to manage the growth effectively or if its estimates or assumptions used in developing of the strategic plan are inaccurate or the company is unable to execute the strategic plan effectively, its business and prospects may be materially and adversely affected.
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The company is dependent on a number of key managerial personnel, including the senior management, and the loss of or its inability to attract or retain such persons with specialized technical know-how could adversely affect the business, results of operations, cash flows and financial condition.
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The company Promoters and Promoter Group will continue to have substantial voting power to influence corporate actions even after the completion of the Public Issue.
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The trend toward outsourcing of supply chain management activities, throughout India or within
specific sectors, may change, thereby reducing demand for the services.
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Employee misconduct, errors or fraud could expose it to business risks or losses that could adversely affect its business prospects, results of operations and financial condition.
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The company do not verify the contents of the parcels transported by it, thereby exposing it to the risks associated with the transportation of goods in violation of applicable regulations.
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Some of the cargos may be hazardous in nature, in case of any accident involving hazardous goods,
its may be subject to litigation.
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Within the parameters as mentioned in the chapter titled "Objects of this Issue" beginning on page
77 of this Draft Prospectus, the Company`s management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
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The company ability to pay dividends in the future will depend upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the financing arrangements.
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Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares
by the major shareholders may adversely affect the trading price of the Equity Shares.
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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.
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The company cannot guarantee the accuracy or completeness of facts and other statistics with respect to India, the Indian economy and industry in which its operate contained in the draft prospectus.
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The Company has availed unsecured loan from parties other than bankers & financial institutions which is repayable on demand. Any demand from the lender for repayment of such unsecured loan may affect its cash flow and financial condition.
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The company is involved in certain legal proceedings and may face certain liabilities as a result of the same.
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The Objects of the Issue for which funds are being raised have not been appraised by any bank or
financial institution. Any variation between the estimation and actual expenditure as estimated by
the management could result in execution delays or influence its profitability adversely.
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Certain members of Promoter Group had not filed Income Tax Return for any Financial Year.
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The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency
and shall be purely dependent on the discretion of the management of the Company.
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The requirements of being a public listed company may strain its resources and impose additional
requirements.