ETHICAL COMPLIANCE REPORT

THOMAS COOK (INDIA)

Sector:

Consumer Cyclical

Industry:

Travel Services

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Broad Spectrum of Services
compliant
REVENUE RATIO FILTER
0.7%
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DEBT RATIO FILTER
3.4%
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LIQUIDITY RATIO FILTER
18.5%
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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.

0.7%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{552500000.00}{74356500000.00} \times 100 = 0.70\%

FORMULA

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

Segment	Compliance	Value
Food and Beverages	compliant	₹55.60
Travel and related services	compliant	₹7,243.58
Interest Income	non-compliant	₹38.22
investment gain	questionable	₹17.03
other income	compliant	₹81.22

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.

3.4%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{2200300000.00}{64167100000.00} \times 100 = 3.40\%

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.

18.5%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{11879000000.00}{64167100000.00} \times 100 = 18.50\%

FORMULA

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