ETHICAL COMPLIANCE REPORT

IRCON INTERNATIONAL

Sector:

Industrials

Industry:

Engineering & Construction

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Engineering and Construction
compliant
REVENUE RATIO FILTER
2.3%
View Calculations
DEBT RATIO FILTER
14.7%
View Calculations
LIQUIDITY RATIO FILTER
28.6%
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.

2.3%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{3021200000.00}{126407700000.00} \times 100 = 2.30\%

FORMULA

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

Segment	Compliance	Value
Contract Revenue	compliant	₹11,980.76
Other Operating Revenue	compliant	₹126.61
Investment Gain	questionable	₹30.35
Interest Income	non-compliant	₹271.77
Revenue From Toll Operations	compliant	₹223.54
Other Income	compliant	₹7.74

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.

14.7%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{25671600000.00}{174449500000.00} \times 100 = 14.70\%

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.

28.6%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{49843300000.00}{174449500000.00} \times 100 = 28.60\%

FORMULA

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