ETHICAL COMPLIANCE REPORT

ADVANCED ENZYME TECH

Sector:

Basic Materials

Industry:

Specialty Chemicals

Overall Compliance

questionable

PRIMARY BUSINESS FILTER
Sales of Enzymes
compliant
REVENUE RATIO FILTER
3.3%
View Calculations
DEBT RATIO FILTER
1.6%
View Calculations
LIQUIDITY RATIO FILTER
9.3%
View Calculations

Revenue Ratio

The sum of revenue from questionable and non-compliant sources should not exceed 3% of the total revenue. This ensures that the company has tolerable reliance on unethical sources of revenue.

3.3%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{219390000.00}{6605320000.00} \times 100 = 3.30\%

FORMULA

\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%

Segment	Compliance	Value
Sale of Enzymes	compliant	₹617.43
Export	compliant	₹6.05
Export incentives	compliant	₹0.39
Interest Income	non-compliant	₹13.33
Mark to mark gain on marketable securities	questionable	₹8.61
Other Income	compliant	₹14.73

Debt Ratio

The interest bearing debt should not exceed 31% of the total assets. This is to ensure that the company is not paying a significant portion of its assets as interest.

1.6%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{251120000.00}{15354630000.00} \times 100 = 1.60\%

FORMULA

\textbf{Debt Ratio:} \\[12pt] \dfrac{\text{Interest Bearing Debt}}{\text{Total Assets}} \times 100 \; \leq \; 30\%

Liquidity Ratio

The total liquid assets should not exceed 90% of the total assets. This is to ensure that trading this stock does not become similar to trading a currency.

9.3%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1434970000.00}{15354630000.00} \times 100 = 9.30\%

FORMULA

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{\text{Total Liquid Assets}}{\text{Total Assets}} \times 100 \; \leq \; 90\%