-
The company does not own registered office premises.
-
All of its Branch Office premises are on leased/rental basis.
-
One of the Object of the issue is to raise the funds of Rs. 97.00 Lakhs for opening of branches at various places in India. One of the Object of the issue is to raise the funds of Rs.97.00 Lakhs for opening of branches at various places in India.
-
One of the Object of the issue is to raise the funds of 287.81 lakhs for development of software for the use of Company.
-
The promoter of the company has made delayed payment of the credit card and property loan.
-
The Company also operates through Franchisee model.
-
The study materials for IELTS, CELPIP, PTE, TOFEL prepared by us for its students may be copied,
which will have an adverse effect on the company`s business and results of operations.
-
The company is highly dependent on the Canada Immigration Revenue compared to other countries, which can affect by regulatory changes and policies established by the Canadian government.
-
The Company is in the business of Immigration consultancy services.
-
The Cash flow of the Company may be affected by Refund of the Money received from its clients.
-
If the company is unable to maintain and increase the number of franchisees in its business, the company`s business, results of operations and financial condition will be adversely affected.
-
The company has to suitably review and update its course and study materials.
-
Changes in the foreign Policy on VISA and Immigration may affect its business adversely.
-
At present the company is not subject to any strict Governmental regulation, Introduction of any future Regulations may increase its compliance requirements and costs, which may adversely affect its business, results of operations and prospects.
-
The major source of revenue is generated from the state of Gujarat.
-
Any disruption in its information technology systems may adversely affect the company`s business, results of operations and prospects.
-
Rejection of VISA by the foreign Embassy may adversely affect its Reputation, Business and Financial results.
-
The company has been recently converted into public limited company and any non-compliance with the provisions of Companies Act, 2013 may attract penalties against the Company which could impact its financial and operational performance and reputation.
-
The documents submitted by the clients are verified by the experienced personnel to determine the genuineness of the documents.
-
The company has to update the name of the company in most of the statutory approvals and certificates due to Change in the name upon conversion from Private Limited Company in to Public Limited Company.
-
Its business requires the company to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations.
-
Timely Technological Changes is required to be implemented.
-
The brand name WINNY has been registered under the name of the Company. Any failures to protect its intellectual property could have a material adverse effect on its business.
-
There have been instances of delay in filing of Goods and Service Tax (GST) returns and in payment of Provident Fund (EPF) dues.
-
Its insurance coverage may not be adequate to protect the company against certain operating risks and this may have an adverse effect on the results of its business.
-
The company could be exposed to risks arising from misconduct, fraud and trading errors by its employees and franchisees.
-
The occurrence of natural or man-made disasters could adversely affect its results of operations and financial condition.
-
Any failures in its quality of services may adversely affect the company`s business, results of operations and financial condition.
-
Its future success depends significantly on the continued service of the company promoters, management team and other key personnel.
-
Its may be unable to attract and retain sufficient qualified and trained personnel which may adversely affect its business.
-
Its may not be able to sustain effective implementation of its business and growth strategies.
-
If the company is unable to accurately estimate the demand for its services, the company`s business, financial condition and results of operation may be adversely affected.
-
The company operates in a competitive business environment. Competition from existing players and new entrants and consequent pricing pressures may adversely affect its business, financial condition and results of operations.
-
There is outstanding litigation against the Company which if determined against it, could adversely impact financial conditions.
-
The average cost of acquisition of Equity Shares held by its Promoter is lower than the Issue Price.
-
Its Promoter, Directors and Key Managerial Personnel may have interest in the Company, other than reimbursement of expenses incurred or remuneration.
-
Its promoter and Director and the company Ex- Managing Director have provided Guarantee for the Overdraft facility.
-
The COVID-19 pandemic, or any future pandemic or widespread public health emergency, could
materially and adversely impact its business, financial condition, cash flows and results of operations.
-
The company has entered into certain transactions with related parties. These transactions or any future transactions with its related parties could potentially involve conflicts of interest.
-
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.
-
The company has not identified any alternate source of financing the `objects of the Issue`. If the company fails to mobilize resources as per its plans, the company growth plans may be affected.
-
Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
-
Its Promoter and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
-
Delay in raising funds from the IPO could adversely impact the implementation schedule.
-
The company has not independently verified certain data in this Prospectus.
-
Its funding requirements and proposed deployment of the Net Proceeds are based on management
estimates and have not been independently appraised, and may be subject to change based on various factors, some of which are beyond its control.
-
Any future issuance of Equity Shares may dilute the shareholding of the Investor or any sale of Equity Shares by its Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
-
The issue price of the Equity Shares may not be indicative of market price of its equity shares after the issue and the market price of the company Equity shares may decline below the issue price.
-
Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
-
Sale of shares by its promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
-
Its future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by the company, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
-
There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of NSE (NSE Emerge) in a timely manner or at all.
-
The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
-
There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder`s ability to sell for the price at which it can sell, equity shares at a particular point in time.
-
Any future issuance of Equity Shares may dilute the shareholding of the Investor or any sale of Equity Shares by its Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.