ETHICAL COMPLIANCE REPORT

JM FINANCIAL

Sector:

Financial Services

Industry:

Capital Markets

Overall Compliance

non-compliant

non-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.

100%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:4832160000.004832160000.00×100=100.00%\textbf{Revenue Ratio:} \\[12pt] \dfrac{4832160000.00}{4832160000.00} \times 100 = 100.00\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Interest Income
non-compliant
non-compliant		₹255.56
other income
questionable
questionable		₹227.66

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.

5.4%

CALCULATION

Debt Ratio:16144800000.00297636000000.00×100=5.40%\textbf{Debt Ratio:} \\[12pt] \dfrac{16144800000.00}{297636000000.00} \times 100 = 5.40\%

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.

18.3%

CALCULATION

Liquidity Ratio:54435300000.00297636000000.00×100=18.30%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{54435300000.00}{297636000000.00} \times 100 = 18.30\%

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\%