ETHICAL COMPLIANCE REPORT

SHIVA TEXYARN

Sector:

Consumer Cyclical

Industry:

Textile Manufacturing

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Textiles
compliant
REVENUE RATIO FILTER
0.2%
View Calculations
DEBT RATIO FILTER
33.1%
View Calculations
LIQUIDITY RATIO FILTER
1.5%
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.

0.2%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{8314000.00}{3401841000.00} \times 100 = 0.20\%

FORMULA

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

Segment	Compliance	Value
Yarn, Fabrics & Other Textile Products	compliant	₹328.78
Coating Dying and Lamination Charges	compliant	₹5.62
Other Operating Revenues	compliant	₹0.87
Interest Income	non-compliant	₹0.82
Dividend Income	questionable	₹0.02
Other Income	compliant	₹4.07

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.

33.1%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{957335000.00}{2891887000.00} \times 100 = 33.10\%

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.

1.5%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{43459000.00}{2891887000.00} \times 100 = 1.50\%

FORMULA

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