ETHICAL COMPLIANCE REPORT

RELAXO FOOT.

Sector:

Consumer Cyclical

Industry:

Footwear & Accessories

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Footwear
compliant
REVENUE RATIO FILTER
0.8%
View Calculations
DEBT RATIO FILTER
0.7%
View Calculations
LIQUIDITY RATIO FILTER
3.6%
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.

0.8%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{223000000.00}{29429200000.00} \times 100 = 0.80\%

FORMULA

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

Segment	Compliance	Value
Footwear	compliant	₹2,881.88
Wind Power	compliant	₹3.95
Others	compliant	₹7.77
Other Operating Revenue	compliant	₹20.46
other income	compliant	₹6.56
Interest & other	non-compliant	₹22.30

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.

0.7%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{185400000.00}{27139100000.00} \times 100 = 0.70\%

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.

3.6%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{977000000.00}{27139100000.00} \times 100 = 3.60\%

FORMULA

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