ETHICAL COMPLIANCE REPORT

GUJARAT MINERAL DEV CORP

Sector:

Energy

Industry:

Thermal Coal

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Mining and Power
compliant
REVENUE RATIO FILTER
8.6%
View Calculations
DEBT RATIO FILTER
0%
View Calculations
LIQUIDITY RATIO FILTER
6.9%
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.

8.6%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{2336913000.00}{27326726000.00} \times 100 = 8.60\%

FORMULA

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

Segment	Compliance	Value
Sale From Lignite Projects	compliant	₹2,135.41
Sale From Renewable Energy Projects	compliant	₹139.32
Sale From Thermal Power Project	compliant	₹113.50
Sale From Other Projects	compliant	₹2.21
Investment Gain	questionable	₹26.18
Interest Income	non-compliant	₹207.51
Sale From Bauxite Projects	compliant	₹72.45
Other Income	compliant	₹36.10

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.

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{0.00}{73668512000.00} \times 100 = 0.00\%

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.

6.9%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{5103945000.00}{73668512000.00} \times 100 = 6.90\%

FORMULA

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