ETHICAL COMPLIANCE REPORT

SANDUR MANG & IRON ORES L

Sector:

Basic Materials

Industry:

Steel

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Mining
compliant
REVENUE RATIO FILTER
5.9%
View Calculations
DEBT RATIO FILTER
5%
View Calculations
LIQUIDITY RATIO FILTER
2.3%
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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.

5.9%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{7909000000.00}{132051000000.00} \times 100 = 5.90\%

FORMULA

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

Segment	Compliance	Value
Manganese Ore & Others	compliant	₹12,128.70
Sale of Services	compliant	₹249.70
Interest Income	non-compliant	₹636.50
Investment Gain	questionable	₹154.40
Other Income	compliant	₹35.80

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{13085000000.00}{259302000000.00} \times 100 = 5.00\%

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.

2.3%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{5962000000.00}{259302000000.00} \times 100 = 2.30\%

FORMULA

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