ETHICAL COMPLIANCE REPORT

IFB INDUSTRIES

Sector:

Consumer Cyclical

Industry:

Furnishings, Fixtures & Appliances

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
vehicles spare
compliant
REVENUE RATIO FILTER
0.3%
View Calculations
DEBT RATIO FILTER
3.2%
View Calculations
LIQUIDITY RATIO FILTER
5.1%
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.

0.3%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{135100000.00}{44702100000.00} \times 100 = 0.30\%

FORMULA

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

Segment	Compliance	Value
Sale of Services	compliant	₹134.77
Other Operating Revenues	compliant	₹110.67
Interest income	non-compliant	₹2.54
Net Gain on Sale of Investments	questionable	₹10.97
Other Income	compliant	₹18.86
Sale of Manufactured Products	compliant	₹4,192.40

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.

3.2%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{694200000.00}{21797900000.00} \times 100 = 3.20\%

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.

5.1%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1105800000.00}{21797900000.00} \times 100 = 5.10\%

FORMULA

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