ETHICAL COMPLIANCE REPORT

GUJARAT AMBUJA EXPORTS LT

Sector:

Consumer Defensive

Industry:

Packaged Foods

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Multiple segments
compliant
REVENUE RATIO FILTER
2.8%
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DEBT RATIO FILTER
5.9%
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LIQUIDITY RATIO FILTER
0.6%
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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.

2.8%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{1416000000.00}{50714200000.00} \times 100 = 2.80\%

FORMULA

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

Segment	Compliance	Value
Maize Starch and Derivatives	compliant	₹3,411.38
Other Agro Products	compliant	₹1,417.39
Yarn	compliant	₹62.36
Power Generated From Windmills & Sola	compliant	₹8.51
Other Operating Revenue	compliant	₹27.06
interest income	non-compliant	₹57.48
investment gain	questionable	₹84.12
Other Income	compliant	₹3.12

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.

5.9%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1949300000.00}{33097699999.00} \times 100 = 5.90\%

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.

0.6%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{190700000.00}{33097699999.00} \times 100 = 0.60\%

FORMULA

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