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COMPANY’S BUSINESS OPERATIONS

Palm Jewels is involved in the business of selling gold based chains, bracelets and necklaces to other businesses

Steps involved in the Business

  1. They source their gold mainly from Bullion Markets at Market Price                                         
  2. Gold bars and other necessary material are provided to the job workers (not employees) who create the finished goods i.e. chains, bracelets and necklaces
  3. The finished jewellery is sold by the marketing and sales team directly to other jewellery stores

FINANCIALS OF THE COMPANY

Revenue

19 CR

Profits

50 Lakh


Introducing all the Potential Red Flags



The company wants to raise about 9 Cr. for Working capital Requirements through the issue, probably to buy more gold. Maybe the 3 Sales People and that 1 Driver can be tested to their limits in selling all this new gold they can purchase with the money