ETHICAL COMPLIANCE REPORT

SPIC

Sector:

Basic Materials

Industry:

Agricultural Inputs

Overall Compliance

compliant

compliant

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.

0.9%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:166247000.0018915426000.00×100=0.90%\textbf{Revenue Ratio:} \\[12pt] \dfrac{166247000.00}{18915426000.00} \times 100 = 0.90\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Sale of Products
compliant
compliant		₹1,864.76
Other Operating Income
compliant
compliant		₹10.16
Other Income
questionable
questionable		₹16.62

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.

26.7%

CALCULATION

Debt Ratio:4708700000.0017629700000.00×100=26.70%\textbf{Debt Ratio:} \\[12pt] \dfrac{4708700000.00}{17629700000.00} \times 100 = 26.70\%

FORMULA

Debt Ratio:Interest Bearing DebtTotal Assets×100  ≤  30%\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.

11.6%

CALCULATION

Liquidity Ratio:2049000000.0017629700000.00×100=11.60%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{2049000000.00}{17629700000.00} \times 100 = 11.60\%

FORMULA

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