1. We have been operating for over 4 decades, however, any disruption, breakdown or shutdown of our operating facilities, in future, may have a material adverse effect on our business, financial condition, results of operations and cash flows.
2. We are one of the largest manufacturers of winding and conductivity products for a range of critical industries and applications, our operations and performance are dependent on copper based products which constituted over 90% of our revenues. Any adverse changes in the conditions affecting such products' market or any slowdown in demand of the said products can adversely impact our business, financial condition and results of operations.
3. While we have longstanding relations with several of our customers and suppliers, we do not have long term agreements for supply of products or raw material with most of them. Failure to successfully continue our supplier/customer relationships could adversely affect us.
4. We are dependent on our top 5 suppliers for most of our raw material supplies. Any dispute with such supplier may lead to interruption in our supplies of raw materials.
5. While our revenues are growing pan-India across 20 states/union territories, however, our revenue is concentrated in western India. Any slowdown in these states may impact our business.
6. While we supply to various end-user industries, a significant part of our revenues comes from supplies to power & transmission, general engineering and electrical sector. Any slowdown in these sectors may impact our business.
7. Since our incorporation in the year 1981, we have expanded our business, scale of operations and delivered variety of products, creating our position in the winding and conductivity products. However, we face competitive pressures in our business in the future and our inability to compete effectively would be detrimental to our business and prospects for future growth.
8. Our Company and our Promoters are involved in a few litigations. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect our business, results of operations and financial condition.
9. We are exposed to foreign currency fluctuation risks, particularly in relation to our import of raw materials and export of products, which may adversely affect our results of operations, financial condition and cash flows.
10. Significant increases or fluctuations in prices of, or shortages of, or delay or disruption in supply of primary raw materials could affect our estimated costs, expenditures and timelines which may have a material adverse effect on our business, financial condition, results of operations and cash flows.