Ethical Compliance

MINDA CORPORATION

Revenue

0.3%

Debt

10.1%

Liquidity

5.6%

Revenue

Debt

Liquidity

0.3%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Sale of Automotive Products
₹4,580.10

  Other Operating Revenue
₹71.00

  Other income
₹3.10

Questionable

INR Crores

Non Compliant

INR Crores

  Interest Income
₹12.60

INR Crores

Revenue from Questionable Sources:₹0.00
Revenue from Non Compliant Sources:₹12.60
Total:₹12.60
Total Revenue:₹4,666.80

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹12.60

₹4,666.80

= 0.3%

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.