ETHICAL COMPLIANCE REPORT

CHOICE INTERNATIONAL

Sector:

Financial Services

Industry:

Capital Markets

Overall Compliance

questionable

questionable

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.

99.5%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:7559147000.007593356000.00×100=99.50%\textbf{Revenue Ratio:} \\[12pt] \dfrac{7559147000.00}{7593356000.00} \times 100 = 99.50\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Interest Income
non-compliant
non-compliant		₹151.14
Investment Gain
questionable
questionable		₹0.49
Others
compliant
compliant		₹3.42
Other Income
questionable
questionable		₹604.28

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.

25.2%

CALCULATION

Debt Ratio:4554595000.0018060806000.00×100=25.20%\textbf{Debt Ratio:} \\[12pt] \dfrac{4554595000.00}{18060806000.00} \times 100 = 25.20\%

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.

21.4%

CALCULATION

Liquidity Ratio:3860717000.0018060806000.00×100=21.40%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{3860717000.00}{18060806000.00} \times 100 = 21.40\%

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\%