ETHICAL COMPLIANCE REPORT

MUKAND.

Sector:

Basic Materials

Industry:

Steel

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Iron & Steel
compliant
REVENUE RATIO FILTER
0.2%
View Calculations
DEBT RATIO FILTER
48.9%
View Calculations
LIQUIDITY RATIO FILTER
1.7%
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.

0.2%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{90800000.00}{51908400000.00} \times 100 = 0.20\%

FORMULA

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

Segment	Compliance	Value
Special Alloy Steel Products	compliant	₹1,850.66
Stainless Steel Products	compliant	₹2,710.27
Job Works & Others	compliant	₹373.21
Engineering Contracts	compliant	₹221.16
Other operating revenue	compliant	₹19.51
Interest income	non-compliant	₹7.21
Net Gain on Sale of Investments	questionable	₹1.87
Other Income	compliant	₹6.95

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.

48.9%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{14890500000.00}{30463400000.00} \times 100 = 48.90\%

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.

1.7%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{532100000.00}{30463400000.00} \times 100 = 1.70\%

FORMULA

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