ETHICAL COMPLIANCE REPORT

ION EXCHANGE (INDIA)

Sector:

Industrials

Industry:

Pollution & Treatment Controls

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Water Management
compliant
REVENUE RATIO FILTER
1.5%
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DEBT RATIO FILTER
5.6%
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LIQUIDITY RATIO FILTER
24%
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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.

1.5%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{347584000.00}{23897234000.00} \times 100 = 1.50\%

FORMULA

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

Segment	Compliance	Value
Sale of Finished Goods	compliant	₹1,590.29
Sale of Services	compliant	₹747.58
Other Operating Revenues	compliant	₹9.98
other income	compliant	₹7.12
investment gain	questionable	₹0.26
Interest Income	non-compliant	₹34.50

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.

5.6%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1375805000.00}{24493900000.00} \times 100 = 5.60\%

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.

24%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{5878962000.00}{24493900000.00} \times 100 = 24.00\%

FORMULA

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