ETHICAL COMPLIANCE REPORT

SYNCOM FORMU (I)

Sector:

Healthcare

Industry:

Drug Manufacturers - Specialty & Generic

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.

2.3%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:59306000.002727699000.00×100=2.30%\textbf{Revenue Ratio:} \\[12pt] \dfrac{59306000.00}{2727699000.00} \times 100 = 2.30\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Healthcare Products
compliant
compliant		₹259.24
Interest Income
non-compliant
non-compliant		₹5.15
Other Income
compliant
compliant		₹7.60
Investment Gain
questionable
questionable		₹0.79

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.

17.9%

CALCULATION

Debt Ratio:724866000.004046639000.00×100=17.90%\textbf{Debt Ratio:} \\[12pt] \dfrac{724866000.00}{4046639000.00} \times 100 = 17.90\%

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.

16.8%

CALCULATION

Liquidity Ratio:678655000.004046639000.00×100=16.80%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{678655000.00}{4046639000.00} \times 100 = 16.80\%

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\%