SMR Jewels Ltd IPO

Experienced Promoter and management team with proven execution capabilities and Skilled work force andKarigars with contemporary designing capabilities.

Long business experience and established network of suppliers and Clients.

Profitable track record and strong balance sheet.

Wide and diverse range of ornament offerings.

Large and unique design database.

The company may continue to derives a material portion of its revenue from the company top ten customers and its financial dependenceon the company top ten customers poses a potential risk. A reduction in business from these top ten customers or any other majorclients could has negative implications for both its revenue and profitability.

The company is highly dependent on its suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of itsraw materials, or an increase in the company raw material costs and other input costs, may adversely affect the pricing and supplyof its products with subsequently having an adverse effect on the business, results of operations and financial conditionsof the company.

The company revenues is highly dependent on its operations in geographical region of state of Gujarat. Any adverse developmentaffecting the company operations in this region could has an adverse impact on its business, financial condition and results ofoperations.

A significant portion of the company manufacturing relies on artisans or Karigars who operates independently, which couldintroduce its to potential risks stemming from any challenges or changes affecting their operations.

Regulatory and Financial Risks Dues to Delay in Filing Form MGT-14 and Late Refund of Application Money.

Certain delays, discrepancies and Omissions has been detected in the company statutory records, as well as in records related tothe submission of returns to the concerned Registrar of Companies.

There is certain discrepancies and non-compliances noticed in filing of returns and deposit of statutory dues with thetaxation and other statutory authorities in the past. Any delay in payment of statutory dues by the Company in future,may result in the imposition of penalties, which could adversely impact its financials.

Any fluctuation in price and supply of raw materials, particularly gold, which is the company primary raw material for themanufacture of its products, could adversely impact the company income. Its gold and jewellery business faces risks from marketvolatility and changing consumer preferences. Fluctuations in commodity prices like gold could impact its costs andprofitability. Evolving consumer tastes influence product demand, necessitating continuous adaptation to remaincompetitive.

The Company requires significant amounts of working capital for continued growth. Its inability to meet the company workingcapital requirements may has an adverse effect on the results of operations.

The company has experienced negative cash flows from Operating and investing activities in the past.