ETHICAL COMPLIANCE REPORT

AFFLE (INDIA)

Sector:

Communication Services

Industry:

Advertising Agencies

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Tech Services
compliant
REVENUE RATIO FILTER
2.6%
View Calculations
DEBT RATIO FILTER
5.4%
View Calculations
LIQUIDITY RATIO FILTER
37.7%
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.

2.6%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{493860000.00}{19000150000.00} \times 100 = 2.60\%

FORMULA

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

Segment	Compliance	Value
Sale of Service-consumer Platform	compliant	₹1,842.08
Other Operating Income	compliant	₹0.73
Investment Gain	questionable	₹8.60
Interest Income	non-compliant	₹40.79
Other Income	compliant	₹7.82

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.

5.4%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1777360000.00}{32829430000.00} \times 100 = 5.40\%

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.

37.7%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{12365470000.00}{32829430000.00} \times 100 = 37.70\%

FORMULA

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