ETHICAL COMPLIANCE REPORT

TVS HOLDINGS

Sector:

Consumer Cyclical

Industry:

Auto Parts

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
automotive components
compliant
REVENUE RATIO FILTER
13%
View Calculations
DEBT RATIO FILTER
54.1%
View Calculations
LIQUIDITY RATIO FILTER
7.1%
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.

13%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{52529500000.00}{402820200000.00} \times 100 = 13.00\%

FORMULA

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

Segment	Compliance	Value
Interest Income	non-compliant	₹5,187.06
Net gain on sale / fair valuation of investments	questionable	₹65.89
Other operating revenues	compliant	₹1,008.80
Other income	compliant	₹34.44
Sale of product	compliant	₹33,525.98
Sale of traded goods	compliant	₹380.72
sales of service	compliant	₹79.13

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.

54.1%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{241857700000.00}{447267500000.00} \times 100 = 54.10\%

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.

7.1%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{31700400000.00}{447267500000.00} \times 100 = 7.10\%

FORMULA

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