ETHICAL COMPLIANCE REPORT

GRANULES INDIA

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Sector:

Healthcare

Industry:

Drug Manufacturers - Specialty & Generic

Overall Compliance

compliant

compliant

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

Revenue Ratio:27970000.0045107690000.00×100=0.10%\textbf{Revenue Ratio:} \\[12pt] \dfrac{27970000.00}{45107690000.00} \times 100 = 0.10\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Other Operating Revenue
compliant
compliant		₹16.21
pharmaceuticals
compliant
compliant		₹4,490.16
Other Non-operating Income
compliant
compliant		₹1.61
Interest Income
non-compliant
non-compliant		₹2.80

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.

22.2%

CALCULATION

Debt Ratio:12232260000.0055209820000.00×100=22.20%\textbf{Debt Ratio:} \\[12pt] \dfrac{12232260000.00}{55209820000.00} \times 100 = 22.20\%

FORMULA

Debt Ratio:Interest Bearing DebtTotal Assets×100  ≤  30%\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.

7%

CALCULATION

Liquidity Ratio:3863850000.0055209820000.00×100=7.00%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{3863850000.00}{55209820000.00} \times 100 = 7.00\%

FORMULA

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