Citichem India Ltd IPO

Quality and focus on customer satisfaction.

Expertise.

Satisfactory track record.

There are outstanding actions and litigation proceedings against the Company, Promoter and Directors. Any adverse outcome in such proceedings may have an adverse impact on its reputation, business, financial condition, results of operations and cash flows.

There have been instances of delays of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.

Majority of its revenues are dependent on few customers and the loss of, or a significant reduction in purchases by such customers could adversely affect its financial performance.

The company business involves trading of the hazardous, corrosive and flammable industrial chemicals, which require expert handling and storage, as applicable and which entails significant risks and could also result in enhanced obligations. Any accidents may result in loss of life or property and disrupt its operations which may have an adverse effect on the company results of operation, cash flows and financial condition.

The Company does not have any registered Trademarks.

The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

The Company has not placed orders for transportation vehicles and accessories required by it for which funds are being raised through this Issue. Any delay in placing the orders or supply of these equipments may result in time and cost overruns and may affect its profitability.

The Companys hasnt taken any insurance coverage and the said would not protect it against all material hazards which may result in disruptions of operations/monetary loss on account of stoppage of work.

The company does not own its Registered Office and Corporate Office from where the company carry out its business activities. Any dispute in relation to use of the premises would have a material adverse effect on its business and results of operations.

An inability to comply with repayment and other covenants in the financing agreements could adversely affect its business, financial condition, and cash flows.