ETHICAL COMPLIANCE REPORT

HLE GLASCOAT

Sector:

Industrials

Industry:

Specialty Industrial Machinery

Overall Compliance

questionable

PRIMARY BUSINESS FILTER
Equipment and filters
compliant
REVENUE RATIO FILTER
0.1%
View Calculations
DEBT RATIO FILTER
30.2%
View Calculations
LIQUIDITY RATIO FILTER
3.8%
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.

0.1%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{12130000.00}{9767364000.00} \times 100 = 0.10\%

FORMULA

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

Segment	Compliance	Value
Investment Gain	questionable	₹0.27
Other Income	compliant	₹7.60
glass lined equipment and filters and dryers equipment	compliant	₹947.85
Sale of Services	compliant	₹14.00
Other Operating Revenue	compliant	₹6.08
Interest Income	non-compliant	₹0.94

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.

30.2%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{3624680000.00}{12019569000.00} \times 100 = 30.20\%

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.

3.8%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{454691000.00}{12019569000.00} \times 100 = 3.80\%

FORMULA

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