ETHICAL COMPLIANCE REPORT

APCOTEX INDUSTRIES LIMITE

Sector:

Basic Materials

Industry:

Specialty Chemicals

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
producer of Synthetic Rubber
compliant
REVENUE RATIO FILTER
0.2%
View Calculations
DEBT RATIO FILTER
19.8%
View Calculations
LIQUIDITY RATIO FILTER
2.6%
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.

0.2%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{19397000.00}{11322705000.00} \times 100 = 0.20\%

FORMULA

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

Segment	Compliance	Value
Sale of Synthetic Latex and Synthetic Rubber	compliant	₹1,113.20
Other Operating Revenue	compliant	₹11.35
Interest income	non-compliant	₹0.52
Net Gain on Sale of Investments	questionable	₹1.42
Other Income	compliant	₹5.78

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.

19.8%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1827656000.00}{9220500000.00} \times 100 = 19.80\%

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.

2.6%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{242344000.00}{9220500000.00} \times 100 = 2.60\%

FORMULA

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