ETHICAL COMPLIANCE REPORT

VENKY S (INDIA)

Sector:

Consumer Defensive

Industry:

Farm Products

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Poultry & poultry products
compliant
REVENUE RATIO FILTER
0.5%
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DEBT RATIO FILTER
8%
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LIQUIDITY RATIO FILTER
4.7%
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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.

0.5%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{194796000.00}{37773915000.00} \times 100 = 0.50\%

FORMULA

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

Segment	Compliance	Value
Poultry Products	compliant	₹1,755.28
Animal Health Products	compliant	₹285.40
Oilseed	compliant	₹1,697.46
Interest Income	non-compliant	₹13.06
Net Gain on Sale of Investments	questionable	₹6.42
Other Income	compliant	₹19.77

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.

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{1675146000.00}{20937526000.00} \times 100 = 8.00\%

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.

4.7%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{989155000.00}{20937526000.00} \times 100 = 4.70\%

FORMULA

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