ETHICAL COMPLIANCE REPORT

GUJARAT GAS

Sector:

Utilities

Industry:

Utilities - Regulated Gas

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.

0.6%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:1061100000.00163990800000.00×100=0.60%\textbf{Revenue Ratio:} \\[12pt] \dfrac{1061100000.00}{163990800000.00} \times 100 = 0.60\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Natural Gas
compliant
compliant		₹16,199.63
Other Operating Income
compliant
compliant		₹93.34
Other Income
questionable
questionable		₹42.85
Interest Income
non-compliant
non-compliant		₹63.26

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.

1.3%

CALCULATION

Debt Ratio:1502600000.00116915700000.00×100=1.30%\textbf{Debt Ratio:} \\[12pt] \dfrac{1502600000.00}{116915700000.00} \times 100 = 1.30\%

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.

7.9%

CALCULATION

Liquidity Ratio:9261200000.00116915700000.00×100=7.90%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{9261200000.00}{116915700000.00} \times 100 = 7.90\%

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\%