Phoenix Overseas Limited
Climate Impact & Sustainability Data (2022-01-21, 2022-01-27, 2022-01-31, 2022-01-31 to 2022-02-04, 2022-03 to 2024-03)
Reporting Period: 2022-01-21
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-01-27
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-01-31
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-01-31 to 2022-02-04
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-03 to 2024-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Major exports to Bangladesh expose the company to risks from changing economic, regulatory, and social conditions.
- High dependence on a few key customers (over 90% of exports to Bangladesh).
- Past instances of delays in filing statutory forms with the Registrar of Companies (RoC).
- Past instances of delays in filing tax returns under the Goods and Services Tax Act, 2017, and Income Tax Act, 1961.
- Dependence on a few key suppliers.
- Potential failure of the potato crop in West Bengal, impacting revenue from cold storage rentals.
- Challenges in backward integration within the agricultural produce and commodities trading business.
- Risks associated with technical failures of key utility infrastructure (power, water, machinery).
- Potential for product liability claims due to quality control issues.
- Related party transactions.
- Inability to effectively manage growth or implement business plans.
- Inability to service debt obligations or comply with financing agreements.
- Promoter, Director, and Promoter Group personal guarantees on company loans.
- Delays and defaults in customer payments.
- Negative cash flow from operating, investing, and financing activities in recent years.
- Inability to grow business in additional geographic regions or international markets.
- Adverse changes in regulations governing products.
- Outstanding litigations.
- Inadequate insurance coverage against certain operating risks.
- Shared registered office with group companies, leading to potential conflicts.
- Competitive business environment.
- Dependence on the knowledge and experience of Promoters, Directors, and Key Managerial Personnel.
- Promoter, Director, and Key Managerial Personnel interests beyond normal remuneration.
- Significant control by Promoters and Promoter Group, potentially conflicting with shareholder interests.
- Promoters' average cost of acquisition of Equity Shares potentially lower than the Offer Price.
- Potential for future fund requirements to be prejudicial to shareholder interests.
- Past losses incurred by Group Companies.
- Lack of alternative funding sources for the Offer.
- Compliance requirements for variations in Net Proceeds utilization.
- Potential adverse effects from natural or man-made disasters.
- Potential adverse effects from terrorist attacks or civil unrest.
- Risks associated with foreign exchange control regulations and currency fluctuations.
- Potential impact on dividend payments due to adverse effects on earnings, financial condition, or cash flows.
- Increased losses due to fraud, employee negligence, or theft.
- Lack of independent appraisal of funding requirements and Net Proceeds deployment.
- Potential price and volume fluctuations of Equity Shares after the Offer.
- Offer Price may not be indicative of the market price after the Offer.
- Dilution of shareholding due to future issuance of Equity Shares or convertible securities.
- Sale of Equity Shares by Promoters or other significant shareholders may adversely affect the trading price.
- Currency fluctuations may adversely affect the value of Equity Shares.
- Restrictions on daily movements in the trading price of Equity Shares.
- Lack of existing market for Equity Shares, uncertainty about liquidity.
- Potential volatility in Equity Share price after the Issue.
- Inability to sell Equity Shares immediately on the Stock Exchanges.
- Potential delays or failure in listing Equity Shares on the SME Platform of NSE.
- Differences between Ind AS, Indian GAAP, and other accounting principles.
- Adverse effects from political, economic, or other uncontrollable factors.
- Strain on resources due to requirements of being a listed company.
- Slowdown in economic growth in India.
- Changing laws, rules, regulations, and legal uncertainties.
- Financial instability in Indian and international financial markets.
- Inflation in India.
- Foreign investment restrictions limiting ability to attract foreign investors.
- Downgrading of India's debt rating.
- Potential adverse effects from natural or man-made disasters.
- Regulatory, economic, social, and political uncertainties.