1. The availability, quality and timely delivery of biofuels is an important factor for its business, any fluctuation, delay or increase in cost may affect its business and prices.
2. The company may face resistance to change from existing users of conventional fossil fuel.
3. The company has entered into agreement with parties for operation and maintenance of ethanol plants for its production. Any termination of such agreements may have adverse effect on its business, prospects, results of operations and financial condition.
4. The company doing business with its customers on purchase order basis and does not have long-term contracts with most of them.
5. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
6. Failure to manage its inventory could have an adverse effect on the company net sales, profitability, cash flow and liquidity.
7. The company requires certain approvals or licenses in the ordinary course of business and the failure to renew, obtain or retain them in a timely manner, or at all, may affect its operations.
8. There are outstanding legal proceedings involving the Company and Group companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
9. There is fluctuation in revenue from operations and profit margins of the Company in past years. Its inability to pursue its growth strategies successfully or at all, or an inability to manage the company growth, may adversely affect its prospects.
10. The company has a substantial amount of outstanding indebtedness, which requires significant cash flows to service and are subject to certain conditions and restrictions in terms of its financing arrangements, which restricts its ability to conduct its business and operations in the manner the company desire.