ETHICAL COMPLIANCE REPORT

THIRUMALAI CHEMICALS

Sector:

Basic Materials

Industry:

Specialty Chemicals

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
manufacturing Chemicals
compliant
REVENUE RATIO FILTER
0.8%
View Calculations
DEBT RATIO FILTER
35%
View Calculations
LIQUIDITY RATIO FILTER
18.1%
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.

0.8%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{178700000.00}{21024700000.00} \times 100 = 0.80\%

FORMULA

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

Segment	Compliance	Value
Other Operating Revenue	compliant	₹11.62
Interest income	non-compliant	₹10.57
Dividend income	questionable	₹7.30
Other Income	compliant	₹1.47
sale of organic chemicals	compliant	₹2,071.51

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.

35%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{11633100000.00}{33202700000.00} \times 100 = 35.00\%

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.

18.1%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{5993900000.00}{33202700000.00} \times 100 = 18.10\%

FORMULA

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