ETHICAL COMPLIANCE REPORT

DEVYANI INTERNATIONAL

Sector:

Consumer Cyclical

Industry:

Restaurants

Overall Compliance

compliant

compliant

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.

18.5%

CALCULATION

Debt Ratio:9101520000.0049324520000.00×100=18.50%\textbf{Debt Ratio:} \\[12pt] \dfrac{9101520000.00}{49324520000.00} \times 100 = 18.50\%

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.

3.7%

CALCULATION

Liquidity Ratio:1808290000.0049324520000.00×100=3.70%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1808290000.00}{49324520000.00} \times 100 = 3.70\%

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\%

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.

0.4%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:127320000.0035889570000.00×100=0.40%\textbf{Revenue Ratio:} \\[12pt] \dfrac{127320000.00}{35889570000.00} \times 100 = 0.40\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Other Operating Revenues
compliant
compliant		₹24.64
Other Income
compliant
compliant		₹19.91
Food Products
compliant
compliant		₹3,531.68
Interest Income
non-compliant
non-compliant		₹12.73