ETHICAL COMPLIANCE REPORT

BALMER LAWRIE & CO

Sector:

Industrials

Industry:

Conglomerates

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Packaging
compliant
REVENUE RATIO FILTER
1.5%
View Calculations
DEBT RATIO FILTER
2.7%
View Calculations
LIQUIDITY RATIO FILTER
18.3%
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.

1.5%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{358927000.00}{25508727000.00} \times 100 = 1.50\%

FORMULA

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

Segment	Compliance	Value
Others	compliant	₹135.10
Travel & Vacations	compliant	₹217.27
Greases & Lubricants	compliant	₹674.16
Industrial Packaging	compliant	₹831.05
Logistics Infrastructure	compliant	₹239.50
Logistics Services	compliant	₹417.90
Interest Income	non-compliant	₹35.81
Dividend	questionable	₹0.08

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.

2.7%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{769464000.00}{28731103000.00} \times 100 = 2.70\%

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.

18.3%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{5247845000.00}{28731103000.00} \times 100 = 18.30\%

FORMULA

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