ETHICAL COMPLIANCE REPORT

ANDHRA PAPER

Sector:

Basic Materials

Industry:

Paper & Paper Products

Overall Compliance

questionable

PRIMARY BUSINESS FILTER
Paper & Paper Products
compliant
REVENUE RATIO FILTER
4.6%
View Calculations
DEBT RATIO FILTER
4.4%
View Calculations
LIQUIDITY RATIO FILTER
1.1%
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.

4.6%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{870262000.00}{18955293000.00} \times 100 = 4.60\%

FORMULA

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

Segment	Compliance	Value
Paper and Paperboard	compliant	₹1,783.26
Other Operating Revenue	compliant	₹17.32
Interest income	non-compliant	₹40.34
Net Gain on Sale of Investments	questionable	₹46.69
Other Income	compliant	₹7.92

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.

4.4%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1074744000.00}{24509513000.00} \times 100 = 4.40\%

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.

1.1%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{262554000.00}{24509513000.00} \times 100 = 1.10\%

FORMULA

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