ETHICAL COMPLIANCE REPORT

INDOCO REMEDIES.

Sector:

Healthcare

Industry:

Drug Manufacturers - Specialty & Generic

Overall Compliance

questionable

PRIMARY BUSINESS FILTER
Pharmaceutical
compliant
REVENUE RATIO FILTER
0.2%
View Calculations
DEBT RATIO FILTER
30.5%
View Calculations
LIQUIDITY RATIO FILTER
1.1%
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.

0.2%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{39551000.00}{18271337000.00} \times 100 = 0.20\%

FORMULA

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

Segment	Compliance	Value
Sale of Services	compliant	₹37.31
Other Operating Revenue	compliant	₹29.07
Interest Income	non-compliant	₹3.96
Pharmaceuticals Products	compliant	₹1,750.91
Investment Gain	compliant	₹0.25
Other Income	compliant	₹5.64

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.

30.5%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{6551485000.00}{21447285000.00} \times 100 = 30.50\%

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.

1.1%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{243244000.00}{21447285000.00} \times 100 = 1.10\%

FORMULA

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