ETHICAL COMPLIANCE REPORT

STEELCAST

Sector:

Basic Materials

Industry:

Steel

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.

0.5%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:18669000.004125116000.00×100=0.50%\textbf{Revenue Ratio:} \\[12pt] \dfrac{18669000.00}{4125116000.00} \times 100 = 0.50\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Interest income
non-compliant
non-compliant		₹1.46
Other Operating Revenue
compliant
compliant		₹9.06
Steel Castings
compliant
compliant		₹400.75
Net Gain on Sale of Investments
questionable
questionable		₹0.41
Other Income
compliant
compliant		₹0.83

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.

0%

CALCULATION

Debt Ratio:832000.003236457000.00×100=0.00%\textbf{Debt Ratio:} \\[12pt] \dfrac{832000.00}{3236457000.00} \times 100 = 0.00\%

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.

3.9%

CALCULATION

Liquidity Ratio:124642000.003236457000.00×100=3.90%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{124642000.00}{3236457000.00} \times 100 = 3.90\%

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\%