ETHICAL COMPLIANCE REPORT

RAYMOND

Sector:

Consumer Cyclical

Industry:

Textile Manufacturing

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Apparel & Accessories
compliant
REVENUE RATIO FILTER
2.1%
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DEBT RATIO FILTER
26%
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LIQUIDITY RATIO FILTER
4%
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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.

2.1%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{1919262000.00}{92856299000.00} \times 100 = 2.10\%

FORMULA

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

Segment	Compliance	Value
Other operating revenue	compliant	₹85.38
Sale of Services	compliant	₹167.48
Real Estate Project Under Development	compliant	₹1,590.91
textiles	compliant	₹7,175.74
interest & other	non-compliant	₹191.93
other income	compliant	₹74.20

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.

26%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{34255150000.00}{131729500000.00} \times 100 = 26.00\%

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.

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{5255728000.00}{131729500000.00} \times 100 = 4.00\%

FORMULA

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