ETHICAL COMPLIANCE REPORT

SHEELA FOAM

Sector:

Consumer Cyclical

Industry:

Furnishings, Fixtures & Appliances

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Mattress and Foam Products
compliant
REVENUE RATIO FILTER
0%
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DEBT RATIO FILTER
24%
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LIQUIDITY RATIO FILTER
0.9%
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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.

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{10900000.00}{30420077000.00} \times 100 = 0.00\%

FORMULA

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

Segment	Compliance	Value
Other Income	compliant	₹24.30
Other operating revenue	compliant	₹4.27
other income	compliant	₹25.96
Foam Products	compliant	₹2,961.58
Interest Income	compliant	₹8.35
investment gain	questionable	₹1.09
Sale of Services	compliant	₹16.46

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.

24%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{12813300000.00}{53395400000.00} \times 100 = 24.00\%

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.

0.9%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{489500000.00}{53395400000.00} \times 100 = 0.90\%

FORMULA

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