ETHICAL COMPLIANCE REPORT

MADHYA BHARAT AGRO P.

Sector:

Basic Materials

Industry:

Agricultural Inputs

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.

0.5%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:43255000.008279266000.00×100=0.50%\textbf{Revenue Ratio:} \\[12pt] \dfrac{43255000.00}{8279266000.00} \times 100 = 0.50\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Other Income
compliant
compliant		₹6.66
Interest income
non-compliant
non-compliant		₹4.33
Sale of Fertilizer & Chemicals
compliant
compliant		₹493.21
Government Subsidies Include Freight Subisdy
compliant
compliant		₹323.72

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.

36%

CALCULATION

Debt Ratio:2896158000.008042623000.00×100=36.00%\textbf{Debt Ratio:} \\[12pt] \dfrac{2896158000.00}{8042623000.00} \times 100 = 36.00\%

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.

1.5%

CALCULATION

Liquidity Ratio:118748000.008042623000.00×100=1.50%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{118748000.00}{8042623000.00} \times 100 = 1.50\%

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\%