Ethical Compliance

GRINDWELL NORTON

GRINDWELL NORTON

Revenue

1.9%

Debt

65.2%

Liquidity

769.2%

Revenue

Debt

Liquidity

1.9%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  abrasives
₹1,34,918.55

  ceramics & plastic
₹1,04,279.55

  other
₹4,647.17

  sales of service
₹23,018.77

  Other operating revenue
₹1,812.58

  other income
₹1,529.94

Questionable

INR Crores

Non Compliant

INR Crores

  Interest & other
₹5,301.16

INR Crores

Revenue from Questionable Sources:₹0.00
Revenue from Non Compliant Sources:₹5,301.16
Total:₹5,301.16
Total Revenue:₹2,75,507.72

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹5,301.16

₹2,75,507.72

= 1.9%

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.