Workmates Core2cloud Solution Ltd IPO

The company is dependent on a few customers for a major part of its revenues. Further the company does not have any long-term commitments from customers and any failures to continue the company existing arrangements could adversely affect its business and results of operations.

The company is primarily dependent on few key suppliers for procurement of products and services. Any delay, interruption or reduction in the supply of products and services may adversely affect its business, results of operations, cash flows and financial conditions.

Its operations are heavily dependent on the company technology partnership.

The company is dependent on its ability to develop new services and products, and enhance the company existing services and products. If its products and services does not gain market acceptance, its operating results may be negatively affected.

Failures to obtain or renew approvals, licenses, registrations and permits to operate the company business in a timely manner, or at all, may adversely affect its business, financial condition, results of operations and cash flows.

Its ability to anticipate changes in consumer preference, and industry trends and to meet customers' demands is a significant factor to remain competitive, any failures to identify and understand the trends may materially adversely affect its business.

The length of its sales cycle may fluctuate significantly and depends on several external factors which may result in significant fluctuations in the company revenues.

Its lenders have charge over our movable and immovable properties in respect of finance availed by it.

The Company's success depends largely upon its skilled professionals and its ability to attract and retain these personnel. The industry where the Company operates is a highly skilled and technical employee intensive industry.

The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.