ETHICAL COMPLIANCE REPORT

GULF OIL LUB. IND..

Sector:

Basic Materials

Industry:

Specialty Chemicals

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Lubricants
compliant
REVENUE RATIO FILTER
2%
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DEBT RATIO FILTER
13.8%
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LIQUIDITY RATIO FILTER
31.4%
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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.

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{675015000.00}{33692795000.00} \times 100 = 2.00\%

FORMULA

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

Segment	Compliance	Value
lubricants Oil	compliant	₹2,993.49
battery, grease & other	compliant	₹299.12
Other Operating Revenue	compliant	₹8.54
Interest income	non-compliant	₹64.94
Profit on Sale of Investement in Mutual Fund	questionable	₹2.56
Other Income	compliant	₹0.62

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.

13.8%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{3331331000.00}{24086350000.00} \times 100 = 13.80\%

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.

31.4%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{7572921000.00}{24086350000.00} \times 100 = 31.40\%

FORMULA

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