Proven Track Record;Experienced Management.
Establish Relationship with Customers.
Skilled and hardworking force.
Distributor for better customer servicing.
Business operations in outside India.
The company derives a significant portion of revenue from markets outside India and any adverse developments in such markets or policies could adversely affect its business and results of operations.
The company has executed agreements with its large clients. If the company's customers choose not to source their requirements from it, or the company is unable to procure new orders on a regular basis or at all, this may adversely affect its business, financial condition, results of operations and cash flows.
The Company operations requires significant amount of working capital for a continuing growth. The company's inability to meet its working capital requirements may adversely affect the company's results of operations.
The company requires working capital for its smooth day-to-day operations of business and any discontinuance or the company's inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on its operations, profitability and growth prospects.
The company's majority of the business is dependent on an exclusive distributor appointed by it to work exclusively for the company and who contributes to majority of it revenues from operations. Any dispute or due to inferior service provided by them to the company's customers or any other sort of disrutption may result in loss of business for the company and may adversely affect its revenues and profitability.
The company's business depends on its relationships with a limited range of suppliers i.e. third party vendors, and any adverse changes in such relationships, or its inability to enter into new relationships, could adversely affect the company's business and results of operations.
The company depends on its third-party service providers and vendors/suppliers in certain aspects of the company's operations and unsatisfactory services provided by them or failures to maintain relationships with them could disrupt its operations.
The company operates in a highly competitive and fragmented industry and may be unable to compete successfully against existing or new competitors, particularly in the unorganized segment.
Few of its 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.
The Company has negative cash flows in the past years from investing activities, details of which are given below. Sustained negative cash flow could impact its growth and business.
