Ethical Compliance

TIPS INDUSTRIES

TIPS INDUSTRIES

Revenue

98.7%

Debt

1.5%

Liquidity

38.7%

Revenue

Debt

Liquidity

98.7%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Other Income
₹3.41

Questionable

INR Crores

  Net Gain on Sale of Investments
₹2.45

Non Compliant

INR Crores

  Licence Fees
₹241.58

  Interest income
₹8.52

INR Crores

Revenue from Questionable Sources:₹2.45
Revenue from Non Compliant Sources:₹250.10
Total:₹252.55
Total Revenue:₹255.96

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹252.55

₹255.96

= 98.7%

non-compliant

Rationale

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.