ETHICAL COMPLIANCE REPORT

V-GUARD IND.

Sector:

Industrials

Industry:

Electrical Equipment & Parts

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Manufactures Electronic
compliant
REVENUE RATIO FILTER
0.6%
View Calculations
DEBT RATIO FILTER
9.2%
View Calculations
LIQUIDITY RATIO FILTER
1.8%
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{277100000.00}{48907000000.00} \times 100 = 0.60\%

FORMULA

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

Segment	Compliance	Value
Sale of Services	compliant	₹0.86
Sale of Scrap	compliant	₹27.68
Electronics	compliant	₹4,820.95
Other Income	compliant	₹6.32
Government budgetary support	compliant	₹7.18
Interest & other	non-compliant	₹27.71

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.

9.2%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{2910300000.00}{31612800000.00} \times 100 = 9.20\%

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.

1.8%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{573700000.00}{31612800000.00} \times 100 = 1.80\%

FORMULA

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