Ethical Compliance

AUTOMOTIVE AXLES

Revenue

0.6%

Debt

0.5%

Liquidity

6.8%

Revenue

Debt

Liquidity

0.6%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Sale of Axles
₹1,253.46

  Sale of Brakes
₹540.41

  Others
₹435.30

  Other Income
₹1.35

Questionable

INR Crores

  Net Gain on Sale of Investments
₹0.99

Non Compliant

INR Crores

  Interest income
₹13.37

INR Crores

Revenue from Questionable Sources:₹0.99
Revenue from Non Compliant Sources:₹13.37
Total:₹14.36
Total Revenue:₹2,244.88

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹14.36

₹2,244.88

= 0.6%

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.