ETHICAL COMPLIANCE REPORT

BLUE STAR

Sector:

Industrials

Industry:

Building Products & Equipment

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Refrigeration Products
compliant
REVENUE RATIO FILTER
0.3%
View Calculations
DEBT RATIO FILTER
2.5%
View Calculations
LIQUIDITY RATIO FILTER
5.7%
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.

0.3%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{267400000.00}{97327800000.00} \times 100 = 0.30\%

FORMULA

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

Segment	Compliance	Value
Electro -Mechanical Projects and Commercial Air Conditioning Systems	compliant	₹4,715.46
Unitary Products	compliant	₹4,592.20
Professional Electronics and Industrial Systems	compliant	₹377.70
interest & other	non-compliant	₹26.74
Other Income	compliant	₹20.68

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.

2.5%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1666200000.00}{66182500000.00} \times 100 = 2.50\%

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.

5.7%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{3773700000.00}{66182500000.00} \times 100 = 5.70\%

FORMULA

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