ETHICAL COMPLIANCE REPORT

EXIDE INDUSTRIES

EXIDE INDUSTRIES Logo

Sector:

Consumer Cyclical

Industry:

Auto Parts

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.

0.4%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:751500000.00168596800000.00×100=0.40%\textbf{Revenue Ratio:} \\[12pt] \dfrac{751500000.00}{168596800000.00} \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
Battery products
compliant
compliant		₹16,672.96
Other Operating Revenues
compliant
compliant		₹96.77
other income
compliant
compliant		₹14.80
interest & other
non-compliant
non-compliant		₹75.15

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.

3.8%

CALCULATION

Debt Ratio:6969600000.00181500200000.00×100=3.80%\textbf{Debt Ratio:} \\[12pt] \dfrac{6969600000.00}{181500200000.00} \times 100 = 3.80\%

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.

1.8%

CALCULATION

Liquidity Ratio:3305100000.00181500200000.00×100=1.80%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{3305100000.00}{181500200000.00} \times 100 = 1.80\%

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\%