ETHICAL COMPLIANCE REPORT

UPDATER SERVICES

Sector:

Industrials

Industry:

Specialty Business Services

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Integrated Business Services
compliant
REVENUE RATIO FILTER
0.6%
View Calculations
DEBT RATIO FILTER
3.4%
View Calculations
LIQUIDITY RATIO FILTER
9.8%
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.

0.6%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{163840000.00}{25425520000.00} \times 100 = 0.60\%

FORMULA

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

Segment	Compliance	Value
Interest income	non-compliant	₹13.25
Fair value gain on financial Assets at FVTPL	questionable	₹3.13
Other Income	compliant	₹7.22
Integrated Facility Management services	compliant	₹1,704.91
Business Support Services	compliant	₹814.03

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{529010000.00}{15348000000.00} \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.

9.8%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{1507400000.00}{15348000000.00} \times 100 = 9.80\%

FORMULA

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