Ethical Compliance

V-GUARD IND.

V-GUARD IND.

Revenue

0.6%

Debt

9.2%

Liquidity

1.8%

Revenue

Debt

Liquidity

0.6%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Sale of Services
₹0.86

  Sale of Scrap
₹27.68

   Electronics
₹4,820.95

  Other Income
₹6.32

   Government budgetary support
₹7.18

Questionable

INR Crores

Non Compliant

INR Crores

  Interest & other
₹27.71

INR Crores

Revenue from Questionable Sources:₹0.00
Revenue from Non Compliant Sources:₹27.71
Total:₹27.71
Total Revenue:₹4,890.70

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹27.71

₹4,890.70

= 0.6%

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.