ETHICAL COMPLIANCE REPORT

RELIGARE ENTER..

Sector:

Financial Services

Industry:

Insurance - Life

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Financial Services
non-compliant
REVENUE RATIO FILTER
77.2%
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DEBT RATIO FILTER
0%
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LIQUIDITY RATIO FILTER
11.2%
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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.

77.2%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{48632298000.00}{48632298000.00} \times 100 = 77.20\%

FORMULA

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

Segment	Compliance	Value
Dividend Income	questionable	₹1.40
Fee and Commission Income	questionable	₹4.98
Rendering of Services	questionable	₹212.40
Other Revenue From Operations	questionable	₹3,949.24
Other Income	questionable	₹186.77
Interest Income	non-compliant	₹508.44

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.

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{0.00}{95771362000.00} \times 100 = 0.00\%

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.

11.2%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{10721708000.00}{95771362000.00} \times 100 = 11.20\%

FORMULA

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