1. The company projects are exposed to various implementation and other risks and uncertainties such as time and cost overrun, which may adversely affect its business, financial condition, results of operations, and prospects.
2. Its product is subject to frequently changing designs, patterns, customer requirements and tastes, its inability to meet such needs or preferences may affect the company's business.
3. The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.
4. Its results of operations and cash flows could be adversely affected, if the company is unable to collect its dues and receivables from, or invoice the company unbilled services to, or retention money to its clients.
5. Its customers have a right to cancel the contract by giving a minimal notice on the occurrence of certain events. Any such cancellation may adversely affect its business, financial condition and results of operations.
6. The company faces competition in its business from domestic competitors. Such competition would have an adverse impact on its business and financial performance.
7. Any rise in costs or a deficiency in the availability of the raw materials the company procure could impact on the company's sales, profitability, and operational results in an adverse manner.
8. An inability to effectively manage project execution may lead to project delays which may affect its business and results of operations.
9. The company has not placed orders for the purchase of machinery for which part of the funds are being raised through the Issue.
10. Its business is working capital intensive. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.