ETHICAL COMPLIANCE REPORT

JTL INDUSTRIES

Sector:

Basic Materials

Industry:

Steel

Overall Compliance

compliant

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.

0.3%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:68271000.0020488980000.00×100=0.30%\textbf{Revenue Ratio:} \\[12pt] \dfrac{68271000.00}{20488980000.00} \times 100 = 0.30\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Sale of Iron & Steel Products
compliant
compliant		₹2,040.10
Other Operating Revenue
compliant
compliant		₹0.13
Interest income
non-compliant
non-compliant		₹5.00
Net Gain on Sale of Investments
questionable
questionable		₹1.82
Other Income
compliant
compliant		₹1.84

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.

2.4%

CALCULATION

Debt Ratio:200053000.008434915000.00×100=2.40%\textbf{Debt Ratio:} \\[12pt] \dfrac{200053000.00}{8434915000.00} \times 100 = 2.40\%

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.

12.6%

CALCULATION

Liquidity Ratio:1060064000.008434915000.00×100=12.60%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1060064000.00}{8434915000.00} \times 100 = 12.60\%

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\%