Ethical Compliance

HEG

HEG

Revenue

2.1%

Debt

10.9%

Liquidity

7.2%

Revenue

Debt

Liquidity

2.1%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Graphite Electrodes
₹2,347.61

  Power
₹32.21

  Rec Sales
₹1.63

  Export Incentives
₹13.46

  other income
₹87.97

Questionable

INR Crores

  investment gain
₹10.50

Non Compliant

INR Crores

  Interest Income
₹43.20

INR Crores

Revenue from Questionable Sources:₹10.50
Revenue from Non Compliant Sources:₹43.20
Total:₹53.70
Total Revenue:₹2,536.57

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹53.70

₹2,536.57

= 2.1%

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.