ETHICAL COMPLIANCE REPORT

GOKUL AGRO RESOURCES

Sector:

Consumer Defensive

Industry:

Packaged Foods

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Oils and Meals
compliant
REVENUE RATIO FILTER
0.2%
View Calculations
DEBT RATIO FILTER
183.1%
View Calculations
LIQUIDITY RATIO FILTER
13.6%
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.

0.2%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{293584000.00}{138856011000.00} \times 100 = 0.20\%

FORMULA

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

Segment	Compliance	Value
Interest income	non-compliant	₹22.49
Net Gain on Sale of Investments	questionable	₹6.87
Other Income	compliant	₹2.31
Agro based commodities	compliant	₹13,778.34
Other Operating Revenue	compliant	₹75.59

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.

183.1%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{58727678000.00}{32068293000.00} \times 100 = 183.10\%

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.

13.6%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{4368221000.00}{32068293000.00} \times 100 = 13.60\%

FORMULA

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