ETHICAL COMPLIANCE REPORT

BAJEL PROJECTS

Sector:

Utilities

Industry:

Utilities - Regulated Electric

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Construction & Engineering
compliant
REVENUE RATIO FILTER
0.3%
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DEBT RATIO FILTER
0%
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LIQUIDITY RATIO FILTER
11.4%
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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.

0.3%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{30397000.00}{11945112000.00} \times 100 = 0.30\%

FORMULA

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

Segment	Compliance	Value
Investment Gain	questionable	₹0.21
Sale of products	compliant	₹74.32
Other Operating Revenue	compliant	₹29.21
Contract Revenue	compliant	₹1,065.67
Interest Income	non-compliant	₹2.83
Other Income	compliant	₹22.26

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.

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{0.00}{13428686000.00} \times 100 = 0.00\%

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.

11.4%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1533836000.00}{13428686000.00} \times 100 = 11.40\%

FORMULA

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