Proven Track Record.
Experienced Management.
Establish Relationship with Customers.
Skilled and hardworking force.
Distributor for better customer servicing.
Business operations in outside India.
We derive a significant portion of revenue from markets outside India and any adverse developments in such markets or policies could adversely affect our business and results of operations.
We have executed agreements with our large clients. If our customers choose not to source their requirements from us, or we are unable to procure new orders on a regular basis or at all, this may adversely affect our business, financial condition, results of operations and cash flows.
Our Company operations requires significant amount of working capital for a continuing growth. Our inability to meet our working capital requirements may adversely affect our results of operations.
Our Company has delayed in complying with certain statutory provisions under various laws. Such delayed compliance /lapses may attract certain penalties.
There are certain discrepancies and non-compliances pertaining to GST, TDS, TCS, EPF and ESI noticed in some of our financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.
We require working capital for our smooth day-to-day operations of business and any discontinuance or our inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on our operations, profitability and growth prospects.
Our majority of the business is dependent on an exclusive distributor appointed by us to work exclusively for our company and who contributes to majority of our revenues from operations. Any dispute or due to inferior service provided by them to our customers or any other sort of disruption may result in loss of business for our company and may adversely affect our revenues and profitability.
Our business depends on our relationships with a limited range of suppliers i.e. third party vendors, and any adverse changes in such relationships, or our inability to enter into new relationships, could adversely affect our business and results of operations.
Few of our License and registration are registered in the name of erstwhile Fly-Hi Maritime Travels Private Limited and certain certificates or registration are yet to be applied with concerned authorities for amendment or new certificates or renewal.
We depend on our third-party service providers and vendors/suppliers in certain aspects of our operations and unsatisfactory services provided by them or failure to maintain relationships with them could disrupt our operations.
