Ethical Compliance
GENERAL INS CORP OF INDIA
Sector:
Financial Services
Industry:
Insurance - Reinsurance
Market Cap Class:
large
Revenue
18.2%
Debt
0%
Liquidity
13.5%
Revenue
Debt
Liquidity
18.2%
Non Compliant
Questionable
Compliant
Compliant
INR Crores
Questionable
INR Crores
Sale of Services | ₹0.00 |
Marine Insurance | ₹382.95 |
Income From Investments | ₹3,135.58 |
Other Income | ₹504.45 |
Non Compliant
INR Crores
Other Income Including Interest Income | ₹0.00 |
Fire Insurance | ₹1,241.14 |
Miscellaneous Insurance | ₹3,146.55 |
Life Insurance | ₹53.51 |
INR Crores
Revenue from Questionable Sources: | ₹4,022.97 |
Revenue from Non Compliant Sources: | ₹4,441.19 |
Total: | ₹8,464.16 |
Total Revenue: | ₹46,459.04 |
Formula
Revenue from Questionable & Non Compliant Sources
Total Revenue
≤ 0.03 or 3%
Calculation
₹8,464.16
₹46,459.04
= 18.2%
non-compliant
Rationale
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.