Retina Paints

Focus on Increase in Volume of Sales.

Enhance performance of existing business

Leveraging our market skills and relationship to serve existing clients

Increasing the number of Clients

Building-up as on Professional Organisation

Continue to attract and retain talent

Strategic Acquisition and Alliance Opportunities

Established relationship with existing customers

Client Focus

There are outstanding legal proceedings involving the Company, its Group Entity, Promoters and Directors. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.

The company Registered Office, Branch Office and One Factory is not owned by it. The same are occupied by us on a lease basis. Disruption of its rights as lessee or termination of the agreements with its lessor would adversely impact the company operations and, consequently, its business.

The company engage in a highly competitive business and any failure to effectively compete could have a material adverse effect on it.

The company may not be able to identify or effectively respond to evolving preferences, expectations or trends in a timely manner, and a failure to derive the desired benefits from its product development efforts may impact the company competitiveness and profitability.

The company ability to grow its business depends on its relationships with the company dealers and the community of painters, and any adverse changes in these relationships, or its inability to enter into new relationships, could negatively affect its business and results of operations.

Under-utilization of its manufacturing capacities and an inability to effectively utilize the company expanded manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

The company require 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 the Issuer Company and any failure or delay in obtaining the same in a timely manner may adversely affect its operations.

There are no long-term supply agreements with its vendors / suppliers.

The COVID-19 pandemic has had, and is expected to have, a material adverse effect on its business, financial condition, results of operations and cash flows.

The company business is substantially dependent on its key customers from whom its derive a significant portion of its revenues. The loss of any significant clients may have a material and adverse effect on its business and results of operations.

The company revenues are dependent upon its meeting specific customer requirements largely on a case-to-case basis. Any failure or limitation on its ability to provide services may detrimentally affect the company future growth.

Stringent environmental, health and safety laws and regulations or stringent enforcement of existing environmental, health and safety laws and regulations may result in increased liabilities and increased capital expenditures.

Some of its products are hazardous in nature. In the event of any accidents involving any such hazardous materials and substances, the Company may be held liable for subsequent damages and litigations.

The company is dependent on third party transportation providers for delivery of trading goods and materials to it from the company suppliers and delivery of trading goods and materials to its clients. Any failure on part of such service providers to meet their obligations could have a material adverse effect on its business, financial condition and results of operation.

Significant security breaches in its computer systems and network infrastructure and fraud could adversely impact the company business.

An inability to protect, strengthen and enhance its existing brand could adversely affect its business prospects and financial performance.

The company business is subject to various operating risks at its sites, the occurrence of which can affect the company results of operations and consequently, financial condition of the Company.

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. Any penalty or action taken by any regulatory authorizes in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.

Inability to meet the quality standard norms prescribed by the central and state governments could result in the sales of its products being banned or suspended or becoming subject to significant compliance costs, which could have a material adverse effect on its business growth and prospects, results of operations, financial condition, and cash flows.

Improper storage, processing and handling of raw materials and finished products may cause damage to its inventory leading to an adverse effect on its business, results of operations and cash flows.

The company business is subject to seasonal variations and cyclicality that could result in fluctuations in its results of operations.

The company operations and its workforce are exposed to various hazards and risks that could result in material liabilities, increased expenses and diminished revenues.

Information relating to the installed manufacturing capacity and capacity utilization of its manufacturing facilities included in this Draft Prospectus are based on various assumptions and estimates and future production and capacity may vary.

The company business is manpower intensive and its business operations may be materially adversely affected by strikes, work stoppages or increased wage demands by the company employees or those of its suppliers.

Inability to meet the quality standard norms prescribed by the central and state governments could result in the sales of its products being banned or suspended or becoming subject to significant compliance costs, which could have a material adverse effect on its business growth and prospects, results of operations, financial condition, and cash flows.

The company is still in the process of compiling information with respect to Total Outstanding Due to MSME Creditors.

The company success depends in large part upon its qualified personnel, including its senior management, directors and key personnel and the company ability to attract and retain them when necessary.

The company will continue to be controlled by its Promoters and certain related entities after the completion of the Issue.

The company is dependent on third party vendors for delivery of materials required to it from the company suppliers and delivery of its products to the company clients. Any failure on part of such vendors to meet their obligations could have a material adverse effect on its business, financial condition and results of operation.

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

Its business may be affected by severe weather conditions and other natural disasters.

Its inability to accurately forecast demand or price for the company products and manage its inventory may adversely affect the company business, results of operations, financial condition, and cash flows. Its business depends on the company estimate of the demand for its products from dealers.

Fluctuations in the average selling prices of its paint products could adversely affect the company business, financial condition, results of operations, and cash flows.

Uncertainty regarding the manufacturing industry, housing market, economic conditions and other factors beyond its control could adversely affect demand for its products and services, its costs of doing business and the company financial performance.

The company face competition in its business from organized players, which may adversely affect its business operation and financial condition.

General economic and market conditions in India and globally could have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.

If the company is unable to respond to the demands of its existing and new clients, or adapt to technological changes or advances, the company business and growth could be adversely affected.

Major fraud, lapses of internal control or system failures could adversely impact the company`s business.

The company continue to explore the diversification of its business and the implementation of new services. These diversifications and its other strategic initiatives may not be successful, which may adversely affect its business and results of operations.

The company inability to manage growth could disrupt its business and reduce the company profitability. Its propose to expand the company business activities in coming financial years.

The company is subject to Foreign Exchange Rate fluctuation and strict compliance of The Foreign Exchange Regulations Act, 1973 (FERA) and the provisions of FEMA.

The Company has a negative cash flow in its operating activities in the year 2022 & from Investing and financing activities in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

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

The company has applied for registration of names of its Products and do not own the trademark legally as on date. Its may be unable to adequately protect the company intellectual property. Furthermore, its may be subject to claims alleging breach of third-party intellectual property rights.

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

The nature of its business exposes it to liability claims and contract disputes and the company indemnities may not adequately protect it. Any liability in excess of its reserves or indemnities could result in additional costs, which would reduce the company profits.

Employee fraud or misconduct could harm it by impairing the company ability to attract and retain clients and subject it to significant legal liability and reputational harm.

Its operations may be adversely affected in case of industrial accidents at its working sites.

The company operating expenses include overheads that may remain fixed in the medium term. In case there is any decline in its operating performance, its may be unable to reduce such expenses.

Delays or defaults in payments from its clients could result into a constraint on the company cash flows. The efficiency and growth of its business depends on timely payments received from the company clients.

The company insurance coverage may not adequately protect it against losses, and successful claims against the company that exceed its insurance coverage could harm its results of operations and diminish its financial position.

There are no alternate arrangements for meeting its requirements for the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect the company growth plans, operations and financial performance.

Its actual results could differ from the estimates and projections used to prepare the company financial statements.

Guarantees from Promoters & Director as well as others have been taken in relation to the debt facilities provided to the company.

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 its financing arrangements.

Any future acquisitions, joint ventures, partnerships, strategic alliances, tie-ups or investments could fail to achieve expected synergies and may disrupt its business and harm the results of operations and the company financial condition.

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.

There is no guarantee that its Equity Shares will be listed on the Stock Exchanges in a timely manner or at all.

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.

Negative publicity could adversely affect its revenue model and profitability.

Manufacturing & Paints Industry information included in this Draft 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 requirements of being a public listed company may strain its resources and impose additional requirements.