Ethical Compliance

MM FORGINGS

Revenue

1%

Debt

41.2%

Liquidity

10.7%

Revenue

Debt

Liquidity

1%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Steel Forgings
₹1,547.12

  Other Operating Revenue
₹15.95

  Other Income
₹6.40

Questionable

INR Crores

  Dividend income
₹15.15

Non Compliant

INR Crores

  Interest income
₹0.24

INR Crores

Revenue from Questionable Sources:₹15.15
Revenue from Non Compliant Sources:₹0.24
Total:₹15.39
Total Revenue:₹1,584.85

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹15.39

₹1,584.85

= 1%

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.