Ethical Compliance

HAPPY FORGINGS

Revenue

0.7%

Debt

10.8%

Liquidity

8.9%

Revenue

Debt

Liquidity

0.7%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  other income
₹3.16

  machine components
₹1,229.27

   Die design and preparation charges
₹13.81

  Sale of manufacturing scrap
₹101.64

  Government Grants
₹13.51

Questionable

INR Crores

  investment gain
₹2.54

Non Compliant

INR Crores

  Interest Income
₹7.65

INR Crores

Revenue from Questionable Sources:₹2.54
Revenue from Non Compliant Sources:₹7.65
Total:₹10.19
Total Revenue:₹1,371.59

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹10.19

₹1,371.59

= 0.7%

compliant

Rationale

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.