ETHICAL COMPLIANCE REPORT

ASHIANA HOUSING

Sector:

Real Estate

Industry:

Real Estate - Development

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Realty
compliant
REVENUE RATIO FILTER
1.7%
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DEBT RATIO FILTER
6.1%
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LIQUIDITY RATIO FILTER
9.6%
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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.

1.7%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{161229000.00}{9665248000.00} \times 100 = 1.70\%

FORMULA

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

Segment	Compliance	Value
Real Estate	compliant	₹938.21
Interest Income	non-compliant	₹7.54
Share of Profit From: Partnership Firms	compliant	₹5.59
Investment Gain	questionable	₹8.58
Other Income	compliant	₹6.60

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.

6.1%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1476087000.00}{24056449000.00} \times 100 = 6.10\%

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.

9.6%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{2308072000.00}{24056449000.00} \times 100 = 9.60\%

FORMULA

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