ETHICAL COMPLIANCE REPORT

MAITHAN ALLOYS

Sector:

Basic Materials

Industry:

Steel

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Iron & Steel
compliant
REVENUE RATIO FILTER
16%
View Calculations
DEBT RATIO FILTER
0.8%
View Calculations
LIQUIDITY RATIO FILTER
2.2%
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.

16%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{3335400000.00}{20861600000.00} \times 100 = 16.00\%

FORMULA

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

Segment	Compliance	Value
Iron & Steel Products	compliant	₹1,697.78
Other Operating Revenue	compliant	₹30.86
Interest Income	non-compliant	₹52.41
Investment Gain	questionable	₹281.13
Other Income	compliant	₹23.98

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.

0.8%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{269000000.00}{34680800000.00} \times 100 = 0.80\%

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.

2.2%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{775800000.00}{34680800000.00} \times 100 = 2.20\%

FORMULA

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