ETHICAL COMPLIANCE REPORT

MISHRA DHATU NIGAM

Sector:

Basic Materials

Industry:

Steel

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Iron & Steel Products
compliant
REVENUE RATIO FILTER
0.5%
View Calculations
DEBT RATIO FILTER
11.2%
View Calculations
LIQUIDITY RATIO FILTER
0.6%
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.

0.5%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{55179000.00}{11026097000.00} \times 100 = 0.50\%

FORMULA

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

Segment	Compliance	Value
Other Income	compliant	₹24.42
Iron & Steel Products	compliant	₹1,010.54
Other Operating Revenues	compliant	₹41.49
Sale of Services	compliant	₹20.65
Interest Income	non-compliant	₹5.52

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.

11.2%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{3241413000.00}{29054275000.00} \times 100 = 11.20\%

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.

0.6%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{166137000.00}{29054275000.00} \times 100 = 0.60\%

FORMULA

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