ETHICAL COMPLIANCE REPORT

FIEM INDUSTRIES

Sector:

Consumer Cyclical

Industry:

Auto Parts

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Auto Parts
compliant
REVENUE RATIO FILTER
0.7%
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DEBT RATIO FILTER
1.9%
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LIQUIDITY RATIO FILTER
16.9%
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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.

0.7%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{151777000.00}{20447477000.00} \times 100 = 0.70\%

FORMULA

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

Segment	Compliance	Value
Automotive Segment	compliant	₹2,007.66
Others Segment Comprising Led Luminaries Etc	compliant	₹7.62
Other Operating Income	compliant	₹13.50
Interest Income	non-compliant	₹15.18
Other Income	compliant	₹0.79

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.

1.9%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{231145000.00}{12184533000.00} \times 100 = 1.90\%

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.

16.9%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{2061173000.00}{12184533000.00} \times 100 = 16.90\%

FORMULA

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