ETHICAL COMPLIANCE REPORT

CRISIL

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Sector:

Financial Services

Industry:

Financial Data & Stock Exchanges

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.

1.8%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:567100000.0028911900000.00×100=1.80%\textbf{Revenue Ratio:} \\[12pt] \dfrac{567100000.00}{28911900000.00} \times 100 = 1.80\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Ratings Services
compliant
compliant		₹663.43
Research, Analytics and Solutions
compliant
compliant		₹2,105.29
Foreign Exchange Gain (net)
compliant
compliant		₹65.76
Other Income
questionable
questionable		₹56.71

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.

1.4%

CALCULATION

Debt Ratio:473200000.0033145199999.00×100=1.40%\textbf{Debt Ratio:} \\[12pt] \dfrac{473200000.00}{33145199999.00} \times 100 = 1.40\%

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.

34.6%

CALCULATION

Liquidity Ratio:11479000000.0033145199999.00×100=34.60%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{11479000000.00}{33145199999.00} \times 100 = 34.60\%

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\%