ETHICAL COMPLIANCE REPORT

LINDE INDIA

Sector:

Basic Materials

Industry:

Specialty Chemicals

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Manufactures Industrial and Medical Gases
compliant
REVENUE RATIO FILTER
2.3%
View Calculations
DEBT RATIO FILTER
0%
View Calculations
LIQUIDITY RATIO FILTER
20.4%
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{645820000.00}{28456810000.00} \times 100 = 2.30\%

FORMULA

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

Segment	Compliance	Value
Sale of Services Including Facility Fee, Lease Rentals, Operation & Maintenance Charges	compliant	₹781.04
Vessels, Plant and Other Project Engineering Contracts	compliant	₹1,745.39
Export Incentive	compliant	₹0.12
Sale of Gases & Related Products	compliant	₹241.96
Interest Income on Finance Lease Arrangement	non-compliant	₹64.58
Other Income	compliant	₹12.60

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.

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{0.00}{48052380000.00} \times 100 = 0.00\%

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.

20.4%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{9788160000.00}{48052380000.00} \times 100 = 20.40\%

FORMULA

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