Manoj Vaibhav Gems 'N' Jewellers Limited
Climate Impact & Sustainability Data (2020-03 to 2022-03)
Reporting Period: 2020-03 to 2022-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impact on business and operations.
- Potential litigation and legal proceedings.
- Contingent liabilities.
- Seasonal fluctuations in income.
- Significant working capital requirements.
- Related party transactions.
- Risks associated with e-commerce business.
- Potential negative publicity.
- Challenges in adapting to changing consumer demands and market trends.
- Risks associated with purchase advance schemes.
- Geographic concentration of operations.
- Potential for ineffective marketing programs.
- Dependence on discretionary consumer spending.
- Potential customer complaints.
- Potential trademark infringement.
- Lack of design registration under the Designs Act, 2000.
- Potential insufficient insurance coverage.
- Risks associated with reliance on industry reports.
- Broad management discretion over Net Proceeds.
Mitigation Strategies
- Availing financial assistance under Government Schemes (ECLGS) during COVID-19.
- Shifting focus to online business model during COVID-19.
- Implementing safety protocols against COVID-19.
- Proactive engagement with customers.
- Strengthening supply chain network.
- Improving online business.
- Reducing overhead expenses.
- Implementing quality control procedures.
- Accurately estimating customer demand and supply requirements.
- Recycling inventory.
- Complying with financing agreements.
- Obtaining approvals for activities.
- Managing inventory effectively.
- Expanding product offerings and distribution channels.
- Accurately anticipating seasonal fluctuations.
- Raising additional capital as needed.
- Maintaining various licenses and permits.
- Protecting credit card and other personal information.
- Implementing robust IT systems and controls.
- Monitoring and managing risks associated with e-commerce.
- Protecting trademarks from infringement.
- Developing appealing product styles.
- Addressing customer complaints effectively.
- Maintaining adequate insurance coverage.