Ethical Compliance

REFEX INDUSTRIES

REFEX INDUSTRIES

Revenue

0.5%

Debt

14.7%

Liquidity

4.1%

Revenue

Debt

Liquidity

0.5%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Revenue From Ash and Coal Handling
₹945.58

  Revenue from Power Trading
₹280.90

  Revenue From Refrigerant Gases
₹72.31

  Revenue From Service Segment
₹55.64

  Revenue From Solar Segment
₹10.36

  Revenue from Electric vehicles
₹12.31

  Other Operating Revenue
₹5.77

  Other Income
₹11.62

Questionable

INR Crores

Non Compliant

INR Crores

  Interest income
₹6.63

INR Crores

Revenue from Questionable Sources:₹0.00
Revenue from Non Compliant Sources:₹6.63
Total:₹6.63
Total Revenue:₹1,401.13

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹6.63

₹1,401.13

= 0.5%

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.