1. The company depends on a few customers of its products, for a significant portion of the company's revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect the company's business and results of operations.
2. The company generally do business with its customers on purchase order basis and does not enter into long term contracts with them. Its inability to maintain relationships with the company customers could have an adverse effect on its business, prospects, results of operations and financial condition.
3. If the company is unable to attract new clients or retain its existing clients or default in payments, the growth of its business and cash flows will be adversely affected.
4. The company is dependent upon few suppliers for the material requirements of its business. Further, the company does not have definitive agreements or fixed terms of trade with most of its suppliers. Failures to successfully leverage its relationships with existing suppliers or to identify new suppliers could adversely affect its business operations.
5. The commercial success of its products depends to a large extent on the success of the products of its end use customers. If the demand for the end use products in which the company products are used as a raw materials declines, it could have a material adverse effect on its business, financial condition and results of operations.
6. Its manufacturing units and the company operations are geographically concentrated in Rajasthan. Consequently, the company is exposed to risks from economic, regulatory and other developments in the region which could have an adverse effect on its business, results of operations and financial condition. Further, its continued operations are critical to the company's business and any shutdown of its manufacturing units may adversely affect the company's business, results of operations and financial condition.
7. The company is dependent on its manufacturing units, and any loss, or shutdown, or under- utilization of the production capacities of its manufacturing units may have an adverse effect on its business, financial condition and results of operations.
8. Manufacturing of glass involve hazardous processes that can cause personal injury and loss of life, severe damage to and destruction of property and equipment, which could result in incurring material liabilities, loss of revenues and increased expenses.
9. The company has experienced growth in the previous years on account of diversified product mix, which may not continue in the future and accordingly, its revenues may decline.
10. The Company is yet to place orders for 100% towards purchase of plant and machinery. Any delay in placing orders or procurement of such plant and machinery may further delay the schedule of implementation and increase the cost of commissioning the manufacturing unit.