1. The company is exposed to claims from inadequate performance and defects that may affect the events managed by it and which may have an adverse effect on the company business, financial conditions and results of operations.
1. The company is exposed to claims from inadequate performance and defects that may affect the events managed by it and which may have an adverse effect on its business, financial conditions and results of operations.
2. The outbreak of pandemic or any other disease, causing imposition of restrictions, like lock-downs, quarantines or travel restrictions which is highly uncertain and cannot be predicted may have an adverse effect on its business and operations.
2. The outbreak of pandemic or any other disease, causing imposition of restrictions, like lock-downs, quarantines or travel restrictions which is highly uncertain and cannot be predicted may have an adverse effect on its business and operations.
3. The company's business is subject to occasional/ seasonal fluctuations that may affect its cash flows and business operations.
3. The company business is subject to seasonal fluctuations that may affect its cash flows and business operations.
4. Tender processes and qualification criteria through which new work orders are awarded may be delayed or cancelled, thereby reducing or eliminating its ability to undertake new project.
4. Tender processes and qualification criteria through which new work orders are awarded may be delayed or cancelled, thereby reducing or eliminating the company ability to undertake new project.
5. The company is dependent on government authorities for a significant portion of our business and revenue from operation. The loss of any of its key work order or projects could have a material adverse effect on its business, results of operations, financial condition and cash flows.
5. The company business is dependent on government authorities for a significant proportion of its business and revenue from operation. The loss of any of the company key work order or projects could have a material adverse effect on its business, results of operations, financial condition and cash flows.