ETHICAL COMPLIANCE REPORT

MOREPEN LAB.

Sector:

Healthcare

Industry:

Drug Manufacturers - Specialty & Generic

Overall Compliance

compliant

compliant

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.

0.1%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:25041000.0017044033000.00×100=0.10%\textbf{Revenue Ratio:} \\[12pt] \dfrac{25041000.00}{17044033000.00} \times 100 = 0.10\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Other Income
compliant
compliant		₹11.47
Pharmaceutical Products
compliant
compliant		₹1,682.13
Other Operting Revenues
compliant
compliant		₹8.30
Interest Income
non-compliant
non-compliant		₹2.50

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.

2.2%

CALCULATION

Debt Ratio:289992000.0012932051000.00×100=2.20%\textbf{Debt Ratio:} \\[12pt] \dfrac{289992000.00}{12932051000.00} \times 100 = 2.20\%

FORMULA

Debt Ratio:Interest Bearing DebtTotal Assets×100  ≤  30%\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.

4%

CALCULATION

Liquidity Ratio:521166000.0012932051000.00×100=4.00%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{521166000.00}{12932051000.00} \times 100 = 4.00\%

FORMULA

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