Ethical Compliance

ART NIRMAN

Revenue

0.3%

Debt

5.5%

Liquidity

8.2%

Revenue

Debt

Liquidity

0.3%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Sale of Real Estate Developments
₹1.80

  Sale of Services
₹32.49

  Other Income
₹0.25

Questionable

INR Crores

Non Compliant

INR Crores

  Interest Income
₹0.10

INR Crores

Revenue from Questionable Sources:₹0.00
Revenue from Non Compliant Sources:₹0.10
Total:₹0.10
Total Revenue:₹34.64

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹0.10

₹34.64

= 0.3%

compliant

Rationale

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.