ETHICAL COMPLIANCE REPORT

UNICHEM LABORATORIES

Sector:

Healthcare

Industry:

Drug Manufacturers - Specialty & Generic

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Pharmacy
compliant
REVENUE RATIO FILTER
0.4%
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DEBT RATIO FILTER
6.9%
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LIQUIDITY RATIO FILTER
4.9%
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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.

0.4%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{71407000.00}{17364901000.00} \times 100 = 0.40\%

FORMULA

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

Segment	Compliance	Value
Pharmaceuticals	compliant	₹1,657.42
Export Benefits	compliant	₹37.77
Other Operating Revenue	compliant	₹9.71
Interest income	non-compliant	₹0.67
Net Gain on Sale of Investments	questionable	₹6.47
Other Income	compliant	₹24.45

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.

6.9%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{2191492000.00}{31693441000.00} \times 100 = 6.90\%

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.

4.9%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1543226000.00}{31693441000.00} \times 100 = 4.90\%

FORMULA

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