ETHICAL COMPLIANCE REPORT

BF UTILITIES

Sector:

Utilities

Industry:

Utilities - Renewable

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Renewable Energy, Energy and Manufacturing
compliant
REVENUE RATIO FILTER
6.4%
View Calculations
DEBT RATIO FILTER
6.7%
View Calculations
LIQUIDITY RATIO FILTER
20.2%
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.

6.4%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{22720000.00}{355880000.00} \times 100 = 6.40\%

FORMULA

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

Segment	Compliance	Value
Sale From Renewable Energy Certificate Units (rec)	compliant	₹0.69
Wind Power Generated	compliant	₹18.70
Profit on sale of fixed assets	compliant	₹0.00
Miscellaneous income	compliant	₹0.01
Dividend received from Subsidiary company	compliant	₹13.91
Interest Income	non-compliant	₹2.27
Dividend received from others	compliant	₹0.00

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.

6.7%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{130000000.00}{1951810000.00} \times 100 = 6.70\%

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.

20.2%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{394020000.00}{1951810000.00} \times 100 = 20.20\%

FORMULA

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