TBO Tek Limited
Climate Impact & Sustainability Data (2021-04-01 to 2023-06-30)
Reporting Period: 2021-04-01 to 2023-06-30
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Revenue substantially derived from the worldwide travel and tourism industry, sensitive to economic conditions, safety concerns, fuel prices, unemployment, and other factors.
- Dependence on a limited range of Suppliers for a significant portion of GTV.
- Pricing pressure from Suppliers and potential discontinuation of inventory distribution.
- Significant portion of GTV from markets outside India, exposing the company to various risks.
- Brand image is crucial, and failure to maintain it could harm the business.
- Inability to effectively manage growth strategies.
- Exposure to credit risk from Suppliers and Buyers.
- Incurring costs that may not be passed on to Buyers.
- Dependence on proprietary technology, and failure to maintain or upgrade it could cause disruptions.
- Significant disruption in service on the website or platform could damage reputation and result in customer loss.
- Cybersecurity breaches could compromise data and harm reputation.
- Deterioration in customer experience could affect business and reputation.
- High competition in the industry.
- Dependence on key personnel.
- Uploading, mapping, and rate loading errors.
- Inability to maintain adequate internal controls.
- Risks associated with expansion into new geographic regions.
- Acquisitions could divert management's attention.
- Use of open-source software could lead to litigation.
- Contingent liabilities that have not been provided for in financial statements.
- Inadequate insurance coverage.
- Restrictive covenants under financing agreements.
- Limitations due to interests of third-party shareholders in United Experts.
- Untraceable corporate records.
- Outstanding litigation proceedings.
- Failure to obtain or renew approvals, licenses, and permits.
- Failure to protect intellectual property rights.
- Intellectual property rights claims by third parties.
- Proceedings or claims arising from travel-related accidents or customer misconduct.
- Lack of specificity around one of the proposed objects of the Offer.
- Seasonal fluctuations in demand for travel.
- Off-roll independent consultants could be reclassified as employees.
- Substantial shareholding by Promoters post-Offer.
Mitigation Strategies
- Implementation of a Backup and Restore Policy to protect data.
- Data Protection Policy to comply with data protection legislation.
- Cyber risk insurance policy.
- Hedging policy to manage foreign currency fluctuation risk.
- Succession planning policy to mitigate risk associated with loss of experienced leadership.
- Augmented Ind AS capabilities to strengthen documentation for transactions.
- Various insurance policies to cover business risks.
- Complying with covenants under financing agreements.