ETHICAL COMPLIANCE REPORT

GUJARAT STATE PETRO

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.

2.6%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:1141900000.0043205700000.00×100=2.60%\textbf{Revenue Ratio:} \\[12pt] \dfrac{1141900000.00}{43205700000.00} \times 100 = 2.60\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Revenue From Transportation of Gas (net)
compliant
compliant		₹4,206.38
Sale of Natural Gas
non-compliant
non-compliant		₹114.19

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.

0%

CALCULATION

Debt Ratio:0.00219233026000.00×100=0.00%\textbf{Debt Ratio:} \\[12pt] \dfrac{0.00}{219233026000.00} \times 100 = 0.00\%

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.

1.7%

CALCULATION

Liquidity Ratio:3795500000.00219233026000.00×100=1.70%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{3795500000.00}{219233026000.00} \times 100 = 1.70\%

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\%