1. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
2. The company is required to furnish bank guarantees as part of its business. The company's inability to arrange such guarantees or the invocation of such guarantees may adversely affect its cash flows and financial condition.
3. The company derived majority of its revenue from a limited number of clients and the loss of one or more of them could have a material adverse effect on its business, financial condition and results of operations.
4. Its current order book may not necessarily translate into future income in its entirety. Some of its current orders may be modified, cancelled, delayed, put on hold or not fully paid for by the company customers, which could adversely affect its business, financial condition, results of operations and future prospects.
5. The company depends on various third parties, including its contractors and independent service providers, over whom its may have no control.
6. Delays in completion of its current and future projects and time overrun could have adverse effect on the company's business prospects and results of operations.
7. Its revenue and earnings are dependent upon award of new contracts which the company cannot directly control.
8. The company is dependent on third parties for the supply of raw materials, services and finished goods and any inability on the part of these third parties to supply such raw materials, services or finished goods could have a material adverse effect on its business, financial condition and results of operations.
9. The company generates its major portion of sales from the company operations in certain geographical regions both Domestic and Export
(Including Special Economic Zone). Any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.
10. In its EPC business, if the company is unable to accurately estimate the overall risks of, income from, or costs of its contracts, or if the company is unable to agree to the pricing of work done pursuant to change orders, its may earn lower than anticipated profits or incur losses on the contracts.