ETHICAL COMPLIANCE REPORT

ARVIND SMARTSPACES

Sector:

Real Estate

Industry:

Real Estate - Development

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Real Estate
compliant
DEBT RATIO FILTER
5.1%
View Calculations
LIQUIDITY RATIO FILTER
3%
View Calculations
REVENUE RATIO FILTER
2.4%
View Calculations

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.

5.1%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1065173000.00}{21023877000.00} \times 100 = 5.10\%

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.

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{631418000.00}{21023877000.00} \times 100 = 3.00\%

FORMULA

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

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.

2.4%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{82580000.00}{3508774000.00} \times 100 = 2.40\%

FORMULA

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

Segment	Compliance	Value
Commercial and Residential Units	compliant	₹330.24
Plot cancellation and transfer fees	compliant	₹0.64
Project consultancy income	compliant	₹8.73
Maintenance Income	compliant	₹0.62
Others	compliant	₹0.95
Interest income	non-compliant	₹0.35
Net Gain on Sale of Investments	questionable	₹7.91
Other Income	compliant	₹1.44