ETHICAL COMPLIANCE REPORT

INDIA PESTICIDES

Sector:

Basic Materials

Industry:

Agricultural Inputs

Overall Compliance

compliant

compliant

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.

1.8%

CALCULATION

Debt Ratio:184000000.0010017200000.00×100=1.80%\textbf{Debt Ratio:} \\[12pt] \dfrac{184000000.00}{10017200000.00} \times 100 = 1.80\%

FORMULA

Debt Ratio:Interest Bearing DebtTotal Assets×100  ≤  30%\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.

11.2%

CALCULATION

Liquidity Ratio:1126100000.0010017200000.00×100=11.20%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1126100000.00}{10017200000.00} \times 100 = 11.20\%

FORMULA

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

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.

1.6%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:109500000.006955400000.00×100=1.60%\textbf{Revenue Ratio:} \\[12pt] \dfrac{109500000.00}{6955400000.00} \times 100 = 1.60\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Export Incentives
compliant
compliant		₹1.87
Interest Income
non-compliant
non-compliant		₹9.04
Net Gain on Sale of Investments
questionable
questionable		₹1.91
Other Income
compliant
compliant		₹4.18
Agro Chemicals
compliant
compliant		₹678.54