1. The company has applied for registration of logo under the Class 42 and the company does not own the trademark legally as on date. Its may be unable to adequately protect the company intellectual property. Furthermore, its may be subject to claims alleging breach of third-party intellectual property rights.
2. Significant disruptions in its information technology systems or breaches of data security could affect its business and reputation.
3. Substantial portion of its revenues has been dependent upon the company Core Banking software i.e. Trust Bank CBS. The loss of any one or more of its major clients would have a material effect on the company's business operations and profitability.
4. Substantial portion of its revenues has been dependent upon the company few clients (Top 10). The loss of any one or more of its major clients would have a material effect on the company's business operations and profitability.
5. Majority of its domestic sales for the last 3 years and stub period is dependent majorly on Top 2 States. Any loss of business from may adversely affect its revenues and profitability.
6. Its business is completely dependent on the company's ability to customize its software products as per requirements of the customer based on latest technology and statutory requirements. If the company is not able to update its existing products in response to evolving industry requirements, its operating results may be negatively affected.
7. Non-availability of secretarial records of the company filed with ROC since incorporation and non-updating of recent records at MCA.
8. Its Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountants who is not Statutory Auditors of the Company.
9. Its revenues are dependent on clients concentrated in the BFSI segment. An economic slowdown or factors affecting this segment may have an adverse effect on its business, financial condition and results of operations.
10. The company yet to place orders for Rs.430.32 of the hardware, server, Microsoft license, Antivirus, computer, Networking accessories, UPS, Generator and Legal software to support the product development work and for its proposed facility at Mihan SEZ, Nagpur. Any delay in placing orders or procurement of such hardware or Microsoft license may delay the schedule of implementation and possibly increase the cost of commencing operations.