1. Our long-term growth and competitiveness are highly dependent on our ability to control costs and pass on any increase in operating expenses to customers, while continuing to offer competitive pricing.
2. Our Company requires certain statutory and regulatory approvals for conducting our business and our failure to obtain, retain or renew them in a timely manner, or at all, may adversely affect our operations.
3. We derive a significant portion of our revenues from a limited number of customers. The loss of any significant clients may have an adverse effect on our business, financial condition, results of operations, and prospects.
4. We are heavily depended on a limited number of third-party suppliers for their services to us in handling our business operation. The loss of any significant such third-party suppliers may have an adverse effect on our business, financial condition, results of operations and prospects.
5. We have experienced negative cash flows in previous years. Any operating losses or negative cash flows in the future could adversely affect our results of operations and financial conditions.
6. The nature of our business exposes us to liability claims and contract disputes and our indemnities may not adequately protect us. Any liability in excess of our reserves or indemnities could result in additional costs, which would reduce our profits.
7. There have been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose monitory penalties on us or take certain punitive actions against our company in relation to the same, our business, financial condition and results of operations could be adversely affected.
8. Most of our overseas revenue from operations are in and from a single country - Brazil. Due to this geographic concentration of our overseas business operations, our results of operations and growth might be restricted to the economic and demographic conditions of Brazil.
9. We do not have long-term work orders from our customers. Our business could be adversely affected if we could fail to retain our customers or get continued business from them or we fail to acquire new customers.
10. Breakdown, Mishaps or accidents during cargo shipment or transportation could result in a loss or slowdown in operations and could also cause damage to life and property.