ETHICAL COMPLIANCE REPORT

BIKAJI FOODS INTERN

Sector:

Consumer Defensive

Industry:

Packaged Foods

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Food Products
compliant
REVENUE RATIO FILTER
0.9%
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DEBT RATIO FILTER
7.7%
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LIQUIDITY RATIO FILTER
11.6%
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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.

0.9%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{207565000.00}{23566628000.00} \times 100 = 0.90\%

FORMULA

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

Segment	Compliance	Value
Sale of Services	compliant	₹3.04
Food products	compliant	₹2,231.37
Government grants	compliant	₹93.61
Sale of Scrap	compliant	₹1.32
Interest Income	non-compliant	₹20.65
Investment Gain	questionable	₹0.11
Other Income	compliant	₹6.57

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.

7.7%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1186999000.00}{15335038000.00} \times 100 = 7.70\%

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.

11.6%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1773887000.00}{15335038000.00} \times 100 = 11.60\%

FORMULA

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