Ethical Compliance

STAR PAPER MILLS

Revenue

4%

Debt

0.6%

Liquidity

3.1%

Revenue

Debt

Liquidity

4%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Paper & Related Products
₹437.32

  Other Operating Revenue
₹7.15

  Other Income
₹12.82

Questionable

INR Crores

  Net Gain on Sale of Investments
₹12.45

Non Compliant

INR Crores

  Interest income
₹6.65

INR Crores

Revenue from Questionable Sources:₹12.45
Revenue from Non Compliant Sources:₹6.65
Total:₹19.09
Total Revenue:₹476.39

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹19.09

₹476.39

= 4%

questionable

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.