ETHICAL COMPLIANCE REPORT

COFORGE

Sector:

Technology

Industry:

Information Technology Services

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
IT Service
compliant
REVENUE RATIO FILTER
54.6%
View Calculations
DEBT RATIO FILTER
7.1%
View Calculations
LIQUIDITY RATIO FILTER
5.5%
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.

54.6%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{50452000000.00}{92404000000.00} \times 100 = 54.60\%

FORMULA

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

Segment	Compliance	Value
Travel, Transportation and Hospitality	compliant	₹1,652.20
Insurance	questionable	₹2,037.70
Other segment	compliant	₹2,533.40
Banking and Financial Services	non-compliant	₹2,955.70
interest income	non-compliant	₹51.80
other	compliant	₹9.60

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.

7.1%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{4366000000.00}{61077000000.00} \times 100 = 7.10\%

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.

5.5%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{3352000000.00}{61077000000.00} \times 100 = 5.50\%

FORMULA

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