ETHICAL COMPLIANCE REPORT

BHARAT RASAYAN

Sector:

Basic Materials

Industry:

Agricultural Inputs

Overall Compliance

compliant

compliant

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.

0.6%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:60677000.0010655251000.00×100=0.60%\textbf{Revenue Ratio:} \\[12pt] \dfrac{60677000.00}{10655251000.00} \times 100 = 0.60\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Sugar and allied products
compliant
compliant		₹1,033.37
Other Income
compliant
compliant		₹14.83
Other Operating Revenue
compliant
compliant		₹11.26
Interest income
non-compliant
non-compliant		₹0.47
Investment Gain
questionable
questionable		₹5.60

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.

6.7%

CALCULATION

Debt Ratio:804739000.0011974470000.00×100=6.70%\textbf{Debt Ratio:} \\[12pt] \dfrac{804739000.00}{11974470000.00} \times 100 = 6.70\%

FORMULA

Debt Ratio:Interest Bearing DebtTotal Assets×100  ≤  30%\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.

4.1%

CALCULATION

Liquidity Ratio:486219000.0011974470000.00×100=4.10%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{486219000.00}{11974470000.00} \times 100 = 4.10\%

FORMULA

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