ETHICAL COMPLIANCE REPORT

V2 RETAIL

Sector:

Consumer Cyclical

Industry:

Apparel Retail

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Apparels
compliant
REVENUE RATIO FILTER
0.1%
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DEBT RATIO FILTER
8.8%
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LIQUIDITY RATIO FILTER
1%
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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.

0.1%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{9127000.00}{11722155000.00} \times 100 = 0.10\%

FORMULA

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

Segment	Compliance	Value
Interest Income	non-compliant	₹0.91
Apparels	compliant	₹1,058.86
Non-apparels	compliant	₹101.83
Scrap Sales	compliant	₹2.07
Other Income	compliant	₹6.58
Display income	compliant	₹1.97

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.

8.8%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{908426000.00}{10271425000.00} \times 100 = 8.80\%

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.

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{98893000.00}{10271425000.00} \times 100 = 1.00\%

FORMULA

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