Ethical Compliance

SHARDA MOTOR INDS

Revenue

1.8%

Debt

0%

Liquidity

16.3%

Revenue

Debt

Liquidity

1.8%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Sale of Services
₹5.80

  Other Income
₹36.01

  Other Operating Revenue
₹26.89

  Automotive Components
₹2,776.57

Questionable

INR Crores

  Investment Gain
₹20.74

Non Compliant

INR Crores

  Interest Income
₹31.11

INR Crores

Revenue from Questionable Sources:₹20.74
Revenue from Non Compliant Sources:₹31.11
Total:₹51.85
Total Revenue:₹2,897.12

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹51.85

₹2,897.12

= 1.8%

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.