ETHICAL COMPLIANCE REPORT

MANORAMA INDUSTRIES

Sector:

Consumer Defensive

Industry:

Packaged Foods

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.

1.3%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:62821000.004702333000.00×100=1.30%\textbf{Revenue Ratio:} \\[12pt] \dfrac{62821000.00}{4702333000.00} \times 100 = 1.30\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Other Operating Revenue
compliant
compliant		₹1.32
Interest income
non-compliant
non-compliant		₹6.28
Other Income
compliant
compliant		₹6.87
Exotic Seed based Fats and Butters including Cocoa Butter
compliant
compliant		₹455.76

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.

40.1%

CALCULATION

Debt Ratio:2956488000.007366581000.00×100=40.10%\textbf{Debt Ratio:} \\[12pt] \dfrac{2956488000.00}{7366581000.00} \times 100 = 40.10\%

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.

11.9%

CALCULATION

Liquidity Ratio:875404000.007366581000.00×100=11.90%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{875404000.00}{7366581000.00} \times 100 = 11.90\%

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\%