ETHICAL COMPLIANCE REPORT

INDIAN RENEWABLE ENERGY

Sector:

Financial Services

Industry:

Credit Services

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Energy Development
compliant
REVENUE RATIO FILTER
97.1%
View Calculations
DEBT RATIO FILTER
97.2%
View Calculations
LIQUIDITY RATIO FILTER
1.5%
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.

97.1%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{48236967000.00}{49276463000.00} \times 100 = 97.10\%

FORMULA

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

Segment	Compliance	Value
Interest Income	non-compliant	₹4,822.40
Business Service Fees	compliant	₹11.11
other	non-compliant	₹1.29
Other income	compliant	₹0.06
Other operating revenue	compliant	₹92.78

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.

97.2%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{490374473000.00}{504469830000.00} \times 100 = 97.20\%

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.

1.5%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{7358852000.00}{504469830000.00} \times 100 = 1.50\%

FORMULA

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