ETHICAL COMPLIANCE REPORT

TCI EXPRESS

Sector:

Industrials

Industry:

Integrated Freight & Logistics

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Logistics
compliant
REVENUE RATIO FILTER
0.4%
View Calculations
DEBT RATIO FILTER
1.2%
View Calculations
LIQUIDITY RATIO FILTER
0.3%
View Calculations

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.

0.4%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{48800000.00}{12609700000.00} \times 100 = 0.40\%

FORMULA

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

Segment	Compliance	Value
Express Cargo Delivery, Demurrage and Miscellaneous Charges	compliant	₹1,253.82
Interest income	non-compliant	₹4.11
Net Gain on Sale of Investments	questionable	₹0.77
Other Income	compliant	₹2.27

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.

1.2%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{104600000.00}{8504200000.00} \times 100 = 1.20\%

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.

0.3%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{29600000.00}{8504200000.00} \times 100 = 0.30\%

FORMULA

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