Ethical Compliance

MAX ESTATES

Revenue

17.5%

Debt

4104.7%

Liquidity

1277.3%

Revenue

Debt

Liquidity

17.5%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  constructed properties, lease income and facility management
₹9,294.37

  Other Income
₹633.18

Questionable

INR Crores

  Net Gain on Sale of Investments
₹918.51

Non Compliant

INR Crores

  Interest income
₹1,180.95

INR Crores

Revenue from Questionable Sources:₹918.51
Revenue from Non Compliant Sources:₹1,180.95
Total:₹2,099.46
Total Revenue:₹12,027.01

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹2,099.46

₹12,027.01

= 17.5%

non-compliant

Rationale

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.