ETHICAL COMPLIANCE REPORT

GALLANTT ISPAT

Sector:

Basic Materials

Industry:

Steel

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Steel Manufacturing
compliant
REVENUE RATIO FILTER
0.1%
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DEBT RATIO FILTER
14.7%
View Calculations
LIQUIDITY RATIO FILTER
0.4%
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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.

0.1%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{27486000.00}{42339681000.00} \times 100 = 0.10\%

FORMULA

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

Segment	Compliance	Value
Steel Product	compliant	₹4,011.06
Sale of traded goods	compliant	₹137.24
Other Operating Revenue	compliant	₹78.82
Interest Income	non-compliant	₹2.55
Investment Gain	questionable	₹0.20
Other Income	compliant	₹4.10

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.

14.7%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{4619108000.00}{31355434000.00} \times 100 = 14.70\%

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.

0.4%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{123080000.00}{31355434000.00} \times 100 = 0.40\%

FORMULA

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