Shining Tools Ltd IPO

Efficiency through Machine-Based Manufacturing Tools.

Tailored Solutions to customers by Offering Customized Tools.

Wide and diverse range of product offerings.

Experienced management and technical expertise of employees.

Strategic Location.

Quality Assurance.

Good relationship with clients.

Good relationship with our raw material suppliers and other vendors.

Our manufacturing facility and our registered office is situated at Survey no. 63/2, Plot No. 2, Rajkot, GondalHighway, Pipaliya, Gondal, Rajkot-360311, Gujarat, India resulting in concentration in a single region. Anyinterruption for a significant period of time, in these facilities may in turn adversely affect our business, financialcondition and results of operations.

We have only one Manufacturing Facility, continued operations of our manufacturing facility is critical to ourbusiness and any disruption in the operation of our manufacturing facility may have a material adverse effect onour business, results of operations and financial condition.

Our historical revenues have been largely dependent on few customers and our inability to maintain suchbusiness may have an adverse effect on our results of operations.

Our results of operations and cash flows could be adversely affected, if we are unable to collect our dues andreceivables from, or invoice our unbilled services to, our clients.

Majority portion of our domestic sales are derived from the western zone and any adverse developments in thismarket could adversely affect our business.

Statutory records, including filings with the Registrar of Companies, are presently untraceable, particularly withrespect to documentation evidencing one instance of historical share allotment.

Our Company may incur penalties or liabilities for non-compliance with certain provisions of the GST Act,Income Tax, and other applicable laws in previous years.

Volatility in the supply and pricing of our raw materials, or failure by suppliers to meet their obligations, may havean adverse effect on our business, cash flows, financial condition, and results of operations.

The Restated Financial Statements have been provided by Peer Reviewed Auditor who is not Statutory Auditor of ourCompany for the Financial Year ended March 31st 2023 and March 31st 2022.

There are certain discrepancies/errors noticed in some of our corporate records relating to forms filed with theRegistrar of Companies and other provisions of Companies Act, 2013 during the last five years. Any penalty or actiontaken by any regulatory authorizes in future for noncompliance with provisions of corporate and other law couldimpact the financial position of the Company to that extent.