ETHICAL COMPLIANCE REPORT

VENUS PIPES & TUBES

Sector:

Basic Materials

Industry:

Steel

Overall Compliance

compliant

compliant

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

Revenue Ratio:6380000.008053760000.00×100=0.10%\textbf{Revenue Ratio:} \\[12pt] \dfrac{6380000.00}{8053760000.00} \times 100 = 0.10\%

FORMULA

Revenue Ratio:Unethical SegmentsTotal Revenue×100  ≤  3%\textbf{Revenue Ratio:} \\[12pt] \dfrac{\text{Unethical Segments}}{\text{Total Revenue}} \times 100 \; \leq \; 3\%
SegmentComplianceValue
Interest Income
non-compliant
non-compliant		₹0.64
Other Income
compliant
compliant		₹2.54
Other Operating Revenue
compliant
compliant		₹17.47
Pipes and Tubes
compliant
compliant		₹784.73

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.

19.7%

CALCULATION

Debt Ratio:1493200000.007575850000.00×100=19.70%\textbf{Debt Ratio:} \\[12pt] \dfrac{1493200000.00}{7575850000.00} \times 100 = 19.70\%

FORMULA

Debt Ratio:Interest Bearing DebtTotal Assets×100  ≤  30%\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%

CALCULATION

Liquidity Ratio:76420000.007575850000.00×100=1.00%\textbf{Liquidity Ratio:} \\[12pt] \dfrac{76420000.00}{7575850000.00} \times 100 = 1.00\%

FORMULA

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