Climate Change Data

Environmental Metrics

ESG Focus Areas

• Green initiative
• Conservation of energy
• Corporate Social Responsibility

Environmental Achievements

• Takes measures for conservation of power

Social Achievements

• No cases were filed /pending with respect to sexual harassment
• Vigil Mechanism provides Directors and Employees to report their concerns

Governance Achievements

• Complies with the Secretarial Standards 1 and 2 issued by the Institute of Company Secretaries of India
• Constantly strives to implement and comply with the requirements and disclosures of the corporate governance provisions as specified in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Climate Goals & Targets

Environmental Challenges

• Irregularities in depositing statutory dues (Provident Fund, Employee’s State Insurance, Income tax, Sales tax, Service tax, Duty of Customs, Duty of Excise, Value Added Tax, Cess etc.)
• Documentation in respect of specific policies and procedures and the IT Controls pertaining to internal financial controls over financial reporting are not adequate

Mitigation Strategies

• Company is taking necessary steps to improvise the documentation in respect of specific policies and procedures and the IT Controls pertaining to internal financial controls over financial reporting
• Company is taking necessary steps to improvise the documentation in respect of specific policies and procedures and the IT Controls pertaining to internal financial controls over financial reporting

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: K.M Tulsian & Associates Chartered Accountants

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Overdue statutory dues as on 31st March 2019 in respect of Sales Tax/Service Tax/Goods and Service Tax, Provident Fund/ESIC/Professional Tax, and Tax Deducted at Source.
• Irregularities in depositing statutory dues with appropriate authorities due to administrative and financial difficulties.

Mitigation Strategies

• Company is taking necessary steps to improvise the documentation in respect of specific policies and procedures and the IT Controls pertaining to internal financial controls over financial reporting.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Lower sales due to Covid-19
• Stress in working capital finance
• Major funds utilized in intangible assets under development
• Overdue statutory dues (Sales Tax/Service Tax/GST, Provident Fund/ESIC/Professional Tax, Tax Deducted at Source)
• Non-provision of rent for office premises owned by a promoter
• Inadequate documentation in respect of specific policies and procedures and IT controls pertaining to internal financial controls over financial reporting
• High level of attrition

Mitigation Strategies

• Efforts to enhance position in Business Intelligence, Engineering Services, and Vocational Training
• Improving operational effectiveness, optimizing costs, and increasing market reach
• Servicing all statutory dues in the next financial year
• Strengthening internal controls and reporting
• Developing software related to Business Intelligence & Analytics; Data Analytics Solutions
• Pursuing prospective investors to meet working capital requirements

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Star360, StarDQ, Star BI

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Lower sales due to Covid-19
• Capital WIP write-off due to lack of commercialization opportunities
• Stress in working capital finance
• Major funds utilized in intangible assets under development
• Overdue statutory dues (Sales Tax/Service Tax/GST, Provident Fund/ESIC/Professional Tax, TDS)
• Non-provision of rent for office premises owned by a promoter
• Inadequate documentation of policies, procedures, and IT controls for internal financial controls over financial reporting

Mitigation Strategies

• Efforts to enhance position in Business Intelligence, Engineering Services, and Vocational Training
• Improving operational effectiveness, optimizing costs, and increasing market reach
• Servicing all statutory dues in the next financial year
• Strengthening internal controls and reporting
• Developing software related to Business Intelligence & Analytics; Data Analytics Solutions
• Pursuing prospective investors to meet working capital requirements

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Star360, StarDQ, Star BI

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Lower order book position from clients
• Sluggish market
• Write off certain Capital WIP due to no immediate commercialization possible for the software under development
• Stress in working capital finance
• Major funds utilized in intangible assets under development
• Overdue statutory dues (Sales Tax/Service Tax/GST, Provident Fund/ESIC/Professional Tax, Tax Deducted at Source)
• Non-payment of rent for office premises owned by a promoter
• Intangible Assets under Development not completed
• Cash losses and fully eroded net worth
• Current liabilities exceeding current assets

Mitigation Strategies

• Efforts to enhance position in Business Intelligence and Engineering Services
• Efforts to improve operational effectiveness, optimize costs and increase market reach
• Pursuing prospective investors to meet working capital requirements
• Paying a sum of INR 9.80 Lakhs towards statutory dues
• Initiating the process of capitalizing Intangible assets
• Initiating the process of filing FLA (Foreign Liabilities and Assets)
• Servicing all statutory dues in the next financial year

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• lower order book position from the clients
• struggled with the working capital due to which orders could not be executed
• sluggish market
• provision for expected credit loss

Mitigation Strategies

• making efforts to improve operational effectiveness, optimize costs and increase market reach across all businesses

Supply Chain Management

Climate-Related Risks & Opportunities