ETHICAL COMPLIANCE REPORT

SRF

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Sector:

Basic Materials

Industry:

Specialty Chemicals

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.

0.4%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:49120000.0013221540000.00×100=0.40%\textbf{Revenue Ratio:} \\[12pt] \dfrac{49120000.00}{13221540000.00} \times 100 = 0.40\%

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		₹1,291.04
Other operating revenues
compliant
compliant		₹22.82
other
compliant
compliant		₹3.39
interest & other
non-compliant
non-compliant		₹4.91

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.

2.4%

CALCULATION

Debt Ratio:4920240000.00204819400000.00×100=2.40%\textbf{Debt Ratio:} \\[12pt] \dfrac{4920240000.00}{204819400000.00} \times 100 = 2.40\%

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.

0.2%

CALCULATION

Liquidity Ratio:407540000.00204819400000.00×100=0.20%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{407540000.00}{204819400000.00} \times 100 = 0.20\%

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\%