ETHICAL COMPLIANCE REPORT

ASAHI INDIA GLASS

Sector:

Consumer Cyclical

Industry:

Auto Parts

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Manufactures Glass
compliant
REVENUE RATIO FILTER
0.2%
View Calculations
DEBT RATIO FILTER
34.2%
View Calculations
LIQUIDITY RATIO FILTER
3.2%
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{67500000.00}{43658600000.00} \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 Services	compliant	₹20.84
Other Operating Revenues	compliant	₹34.58
Other Income	compliant	₹18.52
Interest Income	non-compliant	₹6.75
Glass Products	compliant	₹4,285.17

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.

34.2%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{18785400000.00}{54996100000.00} \times 100 = 34.20\%

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.

3.2%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1786200000.00}{54996100000.00} \times 100 = 3.20\%

FORMULA

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