ETHICAL COMPLIANCE REPORT

SHARDA CROPCHEM.

Sector:

Basic Materials

Industry:

Agricultural Inputs

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Agrochemicals
compliant
REVENUE RATIO FILTER
0.5%
View Calculations
DEBT RATIO FILTER
0.1%
View Calculations
LIQUIDITY RATIO FILTER
2.2%
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.

0.5%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{175708000.00}{31993733000.00} \times 100 = 0.50\%

FORMULA

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

Segment	Compliance	Value
Agrochemicals	compliant	₹3,160.37
Other Operating Revenue	compliant	₹2.28
Miscellaneous Receipts	compliant	₹0.38
Interest income	non-compliant	₹13.58
Net Gain on Sale of Investments	questionable	₹4.00
Other Income	compliant	₹18.78

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.

0.1%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{33751000.00}{40383224000.00} \times 100 = 0.10\%

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.

2.2%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{879181000.00}{40383224000.00} \times 100 = 2.20\%

FORMULA

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