ETHICAL COMPLIANCE REPORT

INDIABULLS REAL EST.

Sector:

Real Estate

Industry:

Real Estate - Development

Overall Compliance

non-compliant

non-compliant

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.

60.8%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:2848500000.006484700000.00×100=60.80%\textbf{Revenue Ratio:} \\[12pt] \dfrac{2848500000.00}{6484700000.00} \times 100 = 60.80\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Revenue From Real Estate Properties
compliant
compliant		₹86.31
Revenue From Sale of Land
compliant
compliant		₹94.49
Revenue From Maintenance Services
compliant
compliant		₹20.94
Rental and Land Lease
compliant
compliant		₹3.53
Revenue From Construction Contracts
compliant
compliant		₹149.29
Service Receipts and Forfeiture Income
compliant
compliant		₹9.06
Profit on Sale of Investments
questionable
questionable		₹222.96
Interest Income on Delayed Payments From Customers
non-compliant
non-compliant		₹0.19
Other Income
non-compliant
non-compliant		₹61.70

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.

5.2%

CALCULATION

Debt Ratio:3065700000.0058474000000.00×100=5.20%\textbf{Debt Ratio:} \\[12pt] \dfrac{3065700000.00}{58474000000.00} \times 100 = 5.20\%

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.

2.4%

CALCULATION

Liquidity Ratio:1405800000.0058474000000.00×100=2.40%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1405800000.00}{58474000000.00} \times 100 = 2.40\%

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\%