ETHICAL COMPLIANCE REPORT

SURAJ ESTATE DEVELOPERS L

Sector:

Real Estate

Industry:

Real Estate - Development

Overall Compliance

non-compliant

non-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.

0.6%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:25070000.004157040000.00×100=0.60%\textbf{Revenue Ratio:} \\[12pt] \dfrac{25070000.00}{4157040000.00} \times 100 = 0.60\%

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 real estate projects
compliant
compliant		₹412.21
Interest Income
non-compliant
non-compliant		₹2.48
Investment Gain
questionable
questionable		₹0.03
Other Income
compliant
compliant		₹0.98

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%

CALCULATION

Debt Ratio:4256220000.0012903800000.00×100=33.00%\textbf{Debt Ratio:} \\[12pt] \dfrac{4256220000.00}{12903800000.00} \times 100 = 33.00\%

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.

8.5%

CALCULATION

Liquidity Ratio:1103160000.0012903800000.00×100=8.50%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1103160000.00}{12903800000.00} \times 100 = 8.50\%

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\%