ETHICAL COMPLIANCE REPORT

APAR INDUSTRIES.

Sector:

Industrials

Industry:

Electrical Equipment & Parts

Overall Compliance

compliant

compliant

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.

0.3%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:46770000.0016239410000.00×100=0.30%\textbf{Revenue Ratio:} \\[12pt] \dfrac{46770000.00}{16239410000.00} \times 100 = 0.30\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Sale of Services
compliant
compliant		₹2.50
Other operating revenue
compliant
compliant		₹10.78
Interest Income
non-compliant
non-compliant		₹4.68
Other income
compliant
compliant		₹3.97
Conductors
compliant
compliant		₹1,602.02

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.

0.4%

CALCULATION

Debt Ratio:405540000.0096157600000.00×100=0.40%\textbf{Debt Ratio:} \\[12pt] \dfrac{405540000.00}{96157600000.00} \times 100 = 0.40\%

FORMULA

Debt Ratio:Interest Bearing DebtTotal Assets×100  ≤  30%\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.

0.7%

CALCULATION

Liquidity Ratio:646030000.0096157600000.00×100=0.70%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{646030000.00}{96157600000.00} \times 100 = 0.70\%

FORMULA

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