ETHICAL COMPLIANCE REPORT

INDIAN METALS & FERRO

INDIAN METALS & FERRO Logo

Sector:

Basic Materials

Industry:

Steel

Overall Compliance

compliant

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.

1.2%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:328500000.0028206400000.00×100=1.20%\textbf{Revenue Ratio:} \\[12pt] \dfrac{328500000.00}{28206400000.00} \times 100 = 1.20\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Ferro Chrome
compliant
compliant		₹2,741.56
Fly Ash Bricks
compliant
compliant		₹1.51
Low Density Aggregate
compliant
compliant		₹0.28
Other Operating Revenues
compliant
compliant		₹36.82
Interest income
non-compliant
non-compliant		₹5.96
Net Gain on Sale of Investments
questionable
questionable		₹26.89
Other Income
compliant
compliant		₹7.62

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.

5.9%

CALCULATION

Debt Ratio:1682300000.0028318200000.00×100=5.90%\textbf{Debt Ratio:} \\[12pt] \dfrac{1682300000.00}{28318200000.00} \times 100 = 5.90\%

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.

3.4%

CALCULATION

Liquidity Ratio:967900000.0028318200000.00×100=3.40%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{967900000.00}{28318200000.00} \times 100 = 3.40\%

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\%