Shipwaves Online Ltd IPO

The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may has a material adverse effect on the company business, results of operations and financial condition.

Dependence on Leased Premises for Business Operations.

Its dependent on and derive a substantial portion of the company revenue from a limited number of customers. Cancellation or orders by customers or delay or reduction in their orders could has a material adverse effect on the company business, results of operations and financial condition.

The Company is dependent on a few suppliers for purchases of product/service. The loss of any of these large suppliers may affect its business operations.

Any adverse development affecting the growth of trade volumes and freight rates may has an adverse effect on the company business, results of operations and financial condition.

Low Revenue Contribution and Growth Challenges in SaaS Segment

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.

The Company has entered into certain related party transactions and may continue to does so in the future.

Its does not verify the contents of the goods transported by it, thereby exposing it to the risks associated with the transportation of goods in violation of applicable regulations.

The company has been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities.