Reliable Data Services Limited
Climate Impact & Sustainability Data (2013-03 to 2017-03, 2022-03 to 2023-03)
Reporting Period: 2013-03 to 2017-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Legal proceedings that could affect business, financial condition, and results of operations.
- High dependence on technology and potential disruptions.
- Need for approvals and licenses, and the risk of delays or non-receipt.
- Time-bound client contracts with termination provisions.
- Uncertainties surrounding the implementation of the GST regime.
- Potential loss of business or payment of liquidated damages due to non-performance.
- Past inaccuracies in regulatory filings and non-compliances.
- Inability to effectively manage growth or implement business plans.
- Risk of delays or non-payment by clients and counterparties.
- Dependence on skilled personnel and potential difficulties in recruitment and retention.
- Untraceable corporate records.
- Risks associated with employee misconduct or errors.
- Shared registered office with group companies and subsidiaries.
- Dependence on senior management team.
- Dependence on subsidiary companies' performance.
- Risk of failure or weakness in internal control systems.
- Past negative cash flows.
- Risks related to employee unionization.
- Potential non-compliance with financing agreement covenants.
- Significant ongoing funding requirements.
- Leased immovable properties and potential lease renewal difficulties.
- Impact of interest rate increases.
- Market risk exposure of investments.
- Potential impact of changes in tax, duties, or levies.
- Past losses incurred by group companies.
- Lack of intellectual property rights registration.
- Customer disputes leading to payment delays or withholding.
- Revenue dependence on a few key clients.
- Potential penalties or demands from statutory authorities.
- Risk of errors and financial fraud in service provision.
- Promoter personal guarantees and subsidiary corporate guarantees.
- Director interests beyond normal remuneration.
- Inadequate insurance coverage.
Mitigation Strategies
- Implementing various measures aimed at incremental improvement in operational efficiencies, such as deploying more professional for providing services.
- Adopting industry best practices and training for our employees to provide best services to our customers.
- Focusing on enhancing operational controls and cost efficiencies through optimal service quality & cost management.
- Investing in our activities to develop customized systems and processes to ensure effective management control.
- Regularly analyzing our existing policies to be carried out for providing services which enables us to identify the areas of bottlenecks and correct the same.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Best Coordinator in East Region from Deutsche Bank