The loss of any of its key customers or significant reduction in the company productions and sales of, or demand for its products from the company significant customers may adversely affect its business, results of operations and financial condition.

Its Business and revenue from operations of the Company is dependent on demand of customer's products. Any loss of, or a significant reduction in purchases by such customers due to the reduction in demand of its customers products could adversely affect the company's business.

The company does not have any Exclusivity Arrangements with the customers and with the suppliers.

The Company is involved in a patent infringement suit, and an adverse outcome in this proceeding may adversely affect its business, financial condition and growth strategy.

Its revenue is dependent on the springs technology segment of the company's business. Any downturn in the spring technology segment can adversely impact its business, results of operations, cash flow and financial condition of the Company.

The company does not have long term contracts or exclusive arrangements with any of its suppliers, and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.

Its business is dependent on the performance of the application industries with a large portion of revenue being derived from a select few of application industries. Any downturn in the application industries can adversely impact the company's business, results of operations, cash flow and financial condition of the Company.

The Company is involved in certain legal proceedings, and an adverse outcome in any such proceedings may adversely affect its business, financial condition and growth strategy.

The company has entered into transactions with related parties. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that the company could not have achieved better terms, had such arrangements been entered into with unrelated parties.

The Company's operations are subject to varied business risks and our Company's insurance cover may prove inadequate to cover the economic losses of the Company.