ETHICAL COMPLIANCE REPORT

GOKALDAS EXPORTS.

Sector:

Consumer Cyclical

Industry:

Apparel Manufacturing

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Garments
compliant
REVENUE RATIO FILTER
1.2%
View Calculations
DEBT RATIO FILTER
22.6%
View Calculations
LIQUIDITY RATIO FILTER
4.6%
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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.

1.2%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{296484000.00}{24089840000.00} \times 100 = 1.20\%

FORMULA

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

Segment	Compliance	Value
Sale of Apparels	compliant	₹2,192.74
Interest Income	non-compliant	₹3.55
Investment Gain	questionable	₹26.10
Other Operating Revenue	compliant	₹186.14
Other Income	compliant	₹0.45

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.

22.6%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{6195592000.00}{27411189000.00} \times 100 = 22.60\%

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.

4.6%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1273393000.00}{27411189000.00} \times 100 = 4.60\%

FORMULA

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