ETHICAL COMPLIANCE REPORT

MARUTI SUZUKI INDIA.

Sector:

Consumer Cyclical

Industry:

Auto Manufacturers

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Car Company
compliant
REVENUE RATIO FILTER
2.8%
View Calculations
DEBT RATIO FILTER
0%
View Calculations
LIQUIDITY RATIO FILTER
2.5%
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.

2.8%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{40935000000.00}{1459517000000.00} \times 100 = 2.80\%

FORMULA

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

Segment	Compliance	Value
Other Operating Revenues	compliant	₹6,936.50
interest Income	non-compliant	₹396.80
Vehicles	compliant	₹1,17,045.50
Spare Parts / Dies and Moulds / Components	compliant	₹17,876.20
other	questionable	₹3,696.70

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{331000000.00}{1153508000000.00} \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.

2.5%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{28274000000.00}{1153508000000.00} \times 100 = 2.50\%

FORMULA

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