ETHICAL COMPLIANCE REPORT

GLOBUS SPIRITS

Sector:

Consumer Defensive

Industry:

Beverages - Wineries & Distilleries

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Breweries & Distilleries
non-compliant
REVENUE RATIO FILTER
99.3%
View Calculations
DEBT RATIO FILTER
12.8%
View Calculations
LIQUIDITY RATIO FILTER
4.4%
View Calculations

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.

99.3%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{31318376000.00}{31541719000.00} \times 100 = 99.30\%

FORMULA

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

Segment	Compliance	Value
Other Income	compliant	₹6.95
Sale of Alcholal & Related Products	non-compliant	₹3,130.32
Bottling and Cleaning Charges	compliant	₹15.39
Duty drawback and other export incentives	non-compliant	₹1.52

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.

12.8%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{2258523000.00}{17696601000.00} \times 100 = 12.80\%

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.

4.4%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{779726000.00}{17696601000.00} \times 100 = 4.40\%

FORMULA

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