Ethical Compliance

VARDHMAN SPC STEEL

Revenue

0.2%

Debt

8%

Liquidity

0.7%

Revenue

Debt

Liquidity

0.2%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Iron & Steel Products
₹1,649.99

  Other Operating Revenue
₹11.37

  Other Income
₹26.16

Questionable

INR Crores

  Investment Gain
₹2.18

Non Compliant

INR Crores

  Interest Income
₹1.49

INR Crores

Revenue from Questionable Sources:₹2.18
Revenue from Non Compliant Sources:₹1.49
Total:₹3.66
Total Revenue:₹1,691.18

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹3.66

₹1,691.18

= 0.2%

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.