TBI Corn

Enduring Values of the company & Management Team.

Integrity.

Customer Focus.

Innovation.

Teamwork.

Respect for Individuals.

Accountability.

Strong Statutory compliance policies.

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

The Company is dependent on few States. Loss of any of this large States may affect its business operations.

The Company is dependent on few numbers of suppliers for purchase of product. Loss of any of this large Suppliers may affect its business operations.

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

The company has to update the name of the company in some of the statutory approvals, certificates, licenses and registrations due to the change of Status of the Company.

There are no long-term supply agreements with its vendors/suppliers. The company`s Business may be adversely affected if there is any disruption in the trading material supply or due to non- availability of trading material.

Its business is dependent on the company continuing relationships with its clients, with whom the company has not entered into long term arrangements.

Increase in the prices of its raw material may have an adverse effect on the company`s business.

Its inability to expand or effectively manage the company`s growing sales network this may have an adverse effect on its business, results of operations and financial condition.

The Company, Promoter, Directors and Group Company are involved in certain legal proceedings. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.

The company has unsecured loans from directors and relatives of directors, which are repayable on demand. Any demand from lenders for repayment of such unsecured loans, may adversely affect its liquidity and business operations.

Its business operations are being conducted on leased premise. The company`s inability to seek renewal or extension of such leases may materially affect its business operations.

Its insurance coverage may not adequately protect the company against certain operating risks and this may have an adverse effect on the results of its business.

A slowdown or shutdown in its manufacturing operations could have an adverse effect on the company`s business, results of operations and financial condition.

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

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.

Failure to manage its stocks could have an adverse effect on the company`s net sales, profitability, cash flow and liquidity.

The company could be exposed to risks arising from misconduct, fraud and trading errors by its employees and Business Associates.

A shortage or non-availability of electricity may adversely affect its manufacturing operations and have an adverse effect on the company`s business, results of operations and financial condition.

Its inability to effectively manage the company growth or to successfully implement its business plan and growth strategy could have an adverse effect on its business, results of operations and financial condition.

The Company operates under several statutory and regulatory permits, licenses and approvals. Its failure to obtain and/or renew any approvals or licenses in future may have an adverse impact on its business operations.

Dependence on debt and outflow of finance cost leads to outflow of cash flows and reduce overall profitability.

The company participate and operate in competitive markets with low barriers to entry which may increase competition and have a material adverse effect on its business, financial condition and results of operations.

Risk associated with orders not having been placed for plant and machinery in relation to the objects of the issue, indicating the percentage and value terms of the plant and machinery for which orders are yet to be placed.

The company faces foreign exchange risk, which may negatively affect its business, financial condition and results of operations.

Conditions and restrictions imposed on it by the agreements governing its indebtedness could adversely affect its ability to operate the company`s business.

Its manufacturing activities are dependent upon availability of skilled and unskilled labour.

Excessive dependence on any Key Managerial Personnel for the project for which the issue is being made.

Its Promoter, Directors and Key Managerial Personnel may have interest in the Company, other than reimbursement of expenses incurred or remuneration.

In addition to normal remuneration, other benefits and reimbursement of expenses to its Promoter and Directors, they are interested to the extent of their shareholding and dividend entitlement thereon in the Company and for the transactions entered into between the Company and themselves as well as between the Company and its Group Companies / Entities.

The Company has in the past entered into related party transactions and may continue to do so in the future and the company cannot assure you that its could not have achieved more favourable terms if such transactions had not been entered into with related parties. And will not have an adverse effect on its financial conditions and result of operations.

Strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with the company employees/workmen in future could adversely affect its business and results of operations.

Compliance with and changes in safety, health and environmental laws and various labour, workplace and related laws and regulations impose additional costs and may increase its compliance costs and a such adversely affect the company results of operations and its financial condition.

Its management has discretion in how it may use the proceeds of the Offer. Any variation in the utilisation of its Net Proceeds would be subject to certain compliance requirements, including prior shareholders` approval.

Delay in raising funds from the IPO could adversely impact the implementation schedule.

Its Object has not been appraised by any Bank or Financial Institution. Any significant deviation in the Object could adversely impact its operations and sustainability in absence of any independent monitoring agency.

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

The average cost of acquisition of Equity shares in the Company by its Promoters is lower than the Issue price.

The company requires high working capital for its smooth day to day operations of business and any discontinuance or its inability to acquire adequate working capital timely and on favorable terms at a future date, may have an adverse effect on its operations, profitability and growth prospects.

Its success largely depends on the company Board and Key Managerial Personnel and its ability to attract and retain them. Any loss of the company director and key managerial personnel could adversely affect its business, operations and financial condition.

The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the issue. Further the company has not identified any alternate source of financing the "Objects of the Issue". Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.

Certain information contained in this Draft Red Herring Prospectus are based on management estimates and the company cannot assure you of the completeness or accuracy of the data.