KUNDAN EDIFICE LIMITED
Climate Impact & Sustainability Data (2021-03-31 to 2023-03-31, 2023-24)
Reporting Period: 2021-03-31 to 2023-03-31
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Litigation and claims involving the company and group companies.
- High dependence on certain key customers.
- Rapidly changing consumer preferences and industry standards.
- Lack of ownership of registered office and manufacturing units.
- Dependence on management and skilled manpower.
- Shortages or price increases of raw materials.
- Product quality and liability issues.
- Disruptions in manufacturing facilities.
- Regulatory non-compliances and delays.
- Need for approvals and licenses.
- Dependence on a few suppliers for raw materials.
- Inadequate insurance coverage.
- Losses incurred by some promoter group companies.
- Product warranty risks.
- Inability to maintain quality standards.
- Negative cash flows from operating and investing activities.
- Inability to keep pace with technological developments.
- Engagement of contract labor.
- Uncertainty in funding requirements and deployment of net proceeds.
- Risks associated with fraud, theft, and employee negligence.
- Inability to source business opportunities effectively.
- Unsecured loans that may be recalled.
- Exposure to foreign exchange rate fluctuations.
- Location of manufacturing facilities in Maharashtra.
- Competitive environment.
- Under-utilization of manufacturing capacities.
- Related party transactions.
- Delays or defaults in client payments.
- Compliance with safety, health, and environmental laws.
- Ineffective implementation of business and growth strategy.
- Majority shareholding by promoters.
- Cyclical demand and vulnerability to economic downturn.
- Dependence on third-party transportation and logistics.
- Lack of effective internal controls and compliance system.
- Potential reduction in outsourcing by customers.
- Lack of ownership of trademarks and logos.
- Restrictions on dividend payments.
- Lack of independent verification of industry data.
- Lack of monitoring agency for net proceeds utilization.
- Global economic, political, and social conditions.
- Natural calamities.
- Changing regulations in India.
- Difficulty in enforcing foreign court judgments.
- Financial instability in other countries.
- Uncontrollable political, economic, or other factors.
- Indian taxes on capital gains.
- Outbreaks of infectious diseases.
Mitigation Strategies
- Maintaining strong relationships with key customers.
- Investing in automation and technology.
- Expanding product portfolio and entering new geographies.
- Focus on quality control.
- Implementing stringent quality control systems.
- Maintaining ongoing audit systems.
- ISO 9001:2015 certification.
- Adopting best environment, health, and safety practices.
- Engaging with suppliers to reduce environmental impact.
- Exploring options for additional funding.
- Implementing security measures.
- Regular analysis of raw material procurement and manufacturing processes.
- Utilizing internal accruals and unsecured loans to address shortfalls.
- Temporary investment of net proceeds in scheduled commercial banks.
- Compliance with SEBI Listing Regulations.
- Monitoring utilization of net proceeds by the audit committee.