ETHICAL COMPLIANCE REPORT

TAJ GVK HOTELS & RESORTS

Sector:

Consumer Cyclical

Industry:

Lodging

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Hospitality
compliant
REVENUE RATIO FILTER
0.5%
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DEBT RATIO FILTER
7.8%
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LIQUIDITY RATIO FILTER
9%
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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

\textbf{Revenue Ratio:} \\[12pt] \dfrac{20628000.00}{4108891000.00} \times 100 = 0.50\%

FORMULA

\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%

Segment	Compliance	Value
Interest income	non-compliant	₹2.06
Other Income	compliant	₹0.84
Room	compliant	₹217.33
Restaurant	compliant	₹77.16
Banquet	compliant	₹101.48
Shop Rentals	compliant	₹5.07
Membership fees	compliant	₹0.59
Others	compliant	₹6.37

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.

7.8%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{641579000.00}{8175549000.00} \times 100 = 7.80\%

FORMULA

\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.

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{732120000.00}{8175549000.00} \times 100 = 9.00\%

FORMULA

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{\text{Total Liquid Assets}}{\text{Total Assets}} \times 100 \; \leq \; 90\%