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Its long-term growth and competitiveness are highly dependent on the company ability to control costs and pass on any increase in operating expenses to customers, while continuing to offer competitive pricing.
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The Company requires certain statutory and regulatory approvals for conducting its business and the company failures to obtain, retain or renew them in a timely manner, or at all, may adversely affect its operations.
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The company derives a significant portion of its revenues from a limited number of customers. The loss of any significant clients may have an adverse effect on its business, financial condition, results of operations, and prospects.
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The company is heavily depended on a limited number of third-party suppliers for their services to it in handling the company business operation. The loss of any significant such third-party suppliers may have an adverse effect on its business, financial condition, results of operations and prospects.
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The company has experienced negative cash flows in previous years. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.
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The nature of its business exposes it to liability claims and contract disputes and the company indemnities may not adequately protect it. Any liability in excess of the company reserves or indemnities could result in additional costs, which would reduce its profits.
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There have been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose monitory penalties on it or take certain punitive actions against the company in relation to the same, its business, financial condition and results of operations could be adversely affected.
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Most of its overseas revenue from operations are in and from a single country - Brazil. Due to this geographic concentration of its overseas business operations, the company results of operations and growth might be restricted to the economic and demographic conditions of Brazil.
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The company does not have long-term work orders from its customers. The company business could be adversely affected if its could fails to retain the company customers or get continued business from them or its fail to acquires new customers.
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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.
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The Company may not be able to deliver the cargo on timely basis due to which the company could become liable to claims by its customers, suffer adverse publicity and incur substantial cost as result of deficiency in its service which could adversely affect the company results of operations.
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There are certain instances of delays in filing returns and/or payment of statutory dues. Any delay in filing returns and/or payment of statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities, which may have an adverse impact on its financial condition and cash flows.
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The Company may be party to certain litigations and claims during the course of its business. Any adverse decision may make it liable to liabilities/penalties and may adversely affect the company reputation, business and financial status.
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Its business operations depend on the company ability to generate sufficient volumes to achieve acceptable profit margins or avoid losses.
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Foreign Trade restrictions could materially and adversely affect its business, financial condition and results of operations.
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The company depends significantly on its vendors to provide transport facilities. A loss of, or a significant decrease in the services provided by its vendors could adversely affect the company business and profitability.
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The company depends on its network of third-party transport operators and logistics infrastructure service providers and global agency networks for the adequate and timely supply of assets necessary for its operations such as vehicles. Any shortage of vehicles for use in its business may also result in additional costs.
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Seasonal changes affect it, causing the company financial results to vary a lot.
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There may have been certain instances of non-compliances with respect to certain corporate actions taken by the Company in the past. Consequently, its may be subject to regulatory actions and penalties.
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The company diverses and complex multi-location operations subject it to various statutory, legal and regulatory risks.
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Its may faces competition from a number of international and domestic third-party logistics companies or custom clearance agents, which may adversely affect its market position and business.
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The Company does not have any long-term contracts with any of the carriers, shipping lines, transporters, etc. which may adversely affect its results of operations.
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The company freight forwarding business depends upon its network of overseas agents for fulfilment of logistics needs of the company customers. Its inability to maintain its relationships with the company overseas networks or deficiency in the service provided by such parties may adversely affect its revenues and profitability.
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The company does not verify the contents of the cargo transported by it, thereby exposing its to the risks associated with the transportation of goods in violation of applicable regulations.
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The company is susceptible to risks relating to fluctuations in ocean freight rate and foreign currency exchange rates.
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Its may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.
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Its logistic operations depends on the company ability to generate sufficient transportation volumes to achieve acceptable profit margins or avoid losses.
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Its may not be able to pass on any increase in costs levied by the company business networks / service provider to its clients. Conversely, the company may not be able to pass on any decline in prices its charge the company clients to its business networks.
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The company is also engaged in the business of Bulk break projects transportation. In case of non-identification of efficient method of transporting or not obtaining statutory permissions in this regard, its operations and profitability could be adversely affected.
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Failures to maintain the requisite standard for storage of perishable and other products transported by it could have a negative effect on its business.
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The company may be unable to attract, recruit and retain employees with the requisite skills may adversely impact its business, results of operations and financial results.
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The company requires high working capital for its smooth day to day operations of business and any discontinuance or its inability to acquires adequate working capital timely and on favourable terms may have an adverse effect on its operations, profitability and growth prospects.
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The company success depends heavily upon its Promoter and Directors for their continuing services, strategic guidance and financial support.
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The Company has availed credit facilities and loans from lenders and as per sanction terms and conditions, there are certain restrictive covenants imposed on it. Any non-compliance with the terms and conditions, may adversely affect its business, results of operations and financial conditions.
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Changes in technology may render its current technologies obsolete or requires the company to undertake substantial capital investments, which could adversely affect the results of operations.
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In addition to normal remuneration, other benefits and reimbursement of expenses, its Directors (who are also the company Promoter or part of Promoter Group) are interested in the Company to the extent of their shareholding and dividend entitlement in the Company and can influence various decisions of its board of director, which may be detrimental to the interests of other minority shareholders of the Company.
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The Company`s insurance coverage may not be adequate to protect it against all material hazards which may result in disruptions of operations/monetary loss on account of stoppage of work.
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The company has not obtained credit ratings and may not be able to access capital to finance operations and future growth of its business, which could have a material adverse effect on the company business, results of operations, financial condition, cash flows, and future prospects.
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If the company is unable to manage its growth effectively or if the company estimates or assumptions used in developing its strategic plan are inaccurate or the company is unable to execute its strategic plan effectively, the company business and prospects may be materially and adversely affected.
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The average cost of acquisition of Equity Shares by its Promoter could be lower than the floor price.
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The Company has during the preceding one year from the date of the Prospectus have allotted Equity Shares at a price which is lower than the Issue Price.
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Employee misconduct, errors or fraud could expose it to business risks or losses that could adversely affect its business prospects, results of operations and financial condition.
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The company management will have broad discretion in how its apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the Objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by its will result in any increase in the value of your investment.
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Any Penalty or demand raised by statutory authorities in future will affect the financial position of the Company.
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The company has in the past entered into certain related party transactions and may continue to do so in the future.
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Proposed Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any inability on its part to effectively utilize the Issue proceeds could adversely affect the company financials.
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Any variation in the utilisation of Net Proceeds would be subject to certain compliance requirements, including prior shareholders` approval.
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Its may be affected by competition law, the adverse application or interpretation of which could adversely affect the company business.
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The company has not made any alternate arrangements in order to meet its capital requirements for the Objects of the Issue. Additionally, the company has not identified any alternate source of financing the `objects of the Issue`. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
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Its ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
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Any future issuance of Equity Shares may dilute your shareholdings, and the sale of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
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There is no monitoring agency appointed by the Company and the deployment of funds is at the discretion of its management and the company board of Directors, though it shall be monitored by its Audit Committee.
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The company cannot guarantee the accuracy or completeness of facts and other statistics with respect to India, the Indian economy and industry in which the company operates contained in the Prospectus.
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The requirements of being a public listed company may put strain on time of management, its resources and impose additional requirements.
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There are restrictions on daily, weekly, monthly movement in the price of the Equity Shares, which may adversely affect the shareholder`s ability to sell for the price at which it can be sold at a particular point in time.
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Subsequent to the listing of the Equity Shares, its may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.
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The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
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The Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
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Any future issuance of Equity Shares, or convertible securities or other equity linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoter or members of the company Promoter Group may adversely affect the trading price of the Equity Shares.
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Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may have an adverse effect on the value of its Equity Shares, independent of the company operating results.
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Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
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QIB and Non-Institutional Investors are not permitted to withdraw or lower their Application (in terms of quantity of Equity Shares or the Application Amount) at any stage after submitting an Application.