ETHICAL COMPLIANCE REPORT

PIX TRANSMISSIONS

Sector:

Industrials

Industry:

Specialty Industrial Machinery

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Power Transmission products
compliant
REVENUE RATIO FILTER
1.9%
View Calculations
DEBT RATIO FILTER
6.9%
View Calculations
LIQUIDITY RATIO FILTER
8.8%
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.

1.9%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{96053000.00}{5117577000.00} \times 100 = 1.90\%

FORMULA

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

Segment	Compliance	Value
Interest income	non-compliant	₹1.38
Net Gain on Sale of Investments	questionable	₹8.23
Other Income	compliant	₹9.09
Export incentives	compliant	₹2.27
Scrap sales	compliant	₹1.28
Belts and related mechanical Power Transmission products	compliant	₹489.51

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.

6.9%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{440261000.00}{6368618000.00} \times 100 = 6.90\%

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.

8.8%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{558291000.00}{6368618000.00} \times 100 = 8.80\%

FORMULA

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