ETHICAL COMPLIANCE REPORT

THE PHOENIX MILLS

Sector:

Real Estate

Industry:

Real Estate - Diversified

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.

2.9%

Non Compliant
Questionable
Compliant

CALCULATION

Revenue Ratio:1181662000.0040958537000.00×100=2.90%\textbf{Revenue Ratio:} \\[12pt] \dfrac{1181662000.00}{40958537000.00} \times 100 = 2.90\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Real State Income
compliant
compliant		₹3,977.69
Investment Gain
questionable
questionable		₹67.63
Interest Income
non-compliant
non-compliant		₹50.54

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.

23.9%

CALCULATION

Debt Ratio:46119202000.00192833436000.00×100=23.90%\textbf{Debt Ratio:} \\[12pt] \dfrac{46119202000.00}{192833436000.00} \times 100 = 23.90\%

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.

3.7%

CALCULATION

Liquidity Ratio:7096385000.00192833436000.00×100=3.70%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{7096385000.00}{192833436000.00} \times 100 = 3.70\%

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\%