Art Nirman Limited
Climate Impact & Sustainability Data (2011-02 to 2016-03)
Reporting Period: 2011-02 to 2016-03
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Outstanding litigations involving Directors and Promoters; TDS defaults.
- Difficulty obtaining, renewing, or maintaining statutory and regulatory permits and approvals.
- Issued Equity Shares at a price lower than the Issue Price.
- Limited operating history.
- Discrepancies in corporate records relating to forms filed with the Registrar of Companies.
- Matters of emphasis highlighted by Statutory Auditor.
- Past losses.
- Changes made by Peer Review Auditor in restated financial statements.
- Transfer of work in progress to a Director/landowner.
- Lack of non-compete agreements with Group Companies and Promoter Group Entities.
- Risks associated with Development Agreements and land acquisition.
- Potential for construction defects.
- Related Party Transactions.
- Lack of ownership of the registered office.
- Negative cash flows in previous years.
- Dependence on Promoters and Key Management Personnel.
- Unidentified alternate source of working capital.
- Potential for project delays and cost overruns.
- Lack of legal ownership of trademark.
- Need for substantial capital; potential difficulty obtaining additional financing.
- Increased raw material, labor, and other costs.
- Unsecured loans that may be recalled.
- Operating risks at construction sites.
- Exposure to various regulations applicable to real estate companies.
- Potential penalties or demands from statutory authorities.
- Difficulty identifying and acquiring suitable land for development.
- Dependence on anticipating and responding to consumer requirements.
- Labor-intensive operations; dependence on availability of skilled and unskilled laborers.
- Quality concerns.
- Difficult-to-predict revenues; subject to seasonal variations.
- Competition from organized and unorganized players.
- Potentially inadequate insurance coverage.
- Management estimates used in the Prospectus.
- Unverified data in the Prospectus.
- Flexibility in applying Issue proceeds.
- Promoters' average cost of acquisition of Equity Shares lower than the Issue Price.
- Dependence on future earnings for dividend payments.
- Continued control by Promoters after listing.
- Potential for further equity issuance and dilution.
- Anti-takeover provisions under Indian law.
- Dependence on economic growth in India.
- Impact of economic, political, and social conditions.
- Potential adverse effects of communal disturbances or riots.
- Impact of Indian infrastructure.
- Potential negative effects of natural calamities.
- Impact of changing laws, rules, and regulations.
- Differences between Indian GAAP and other accounting principles.
- Impact of political situation and policies in India.
- Impact of changes in labor laws.
- Impact of changes in regulations or government incentives.
- Dependence on real estate financing.
- Potential adverse effects of natural or man-made disasters.
- Higher compliance requirements under the Companies Act, 2013.
- Financial instability in Indian financial markets.
- Government regulation of foreign ownership of Indian securities.
- Indian taxes on capital gains.
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed