ETHICAL COMPLIANCE REPORT

VESUVIUS INDIA

Sector:

Industrials

Industry:

Specialty Industrial Machinery

Overall Compliance

compliant

PRIMARY BUSINESS FILTER
Engaged in Manufacturing and Trading of Refractory Goods
compliant
REVENUE RATIO FILTER
1.4%
View Calculations
DEBT RATIO FILTER
0.8%
View Calculations
LIQUIDITY RATIO FILTER
29.7%
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.

1.4%

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{228600000.00}{13654400000.00} \times 100 = 1.40\%

FORMULA

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

Segment	Compliance	Value
Sale of Refractory Goods	compliant	₹734.08
Sale of Refractory Services	compliant	₹601.13
Export Benefit	compliant	₹1.35
Scrap Sales	compliant	₹1.14
Intercompany Service Income	compliant	₹4.88
Other Income	questionable	₹22.86

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.

0.8%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{130300000.00}{15887000000.00} \times 100 = 0.80\%

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.

29.7%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{4720700000.00}{15887000000.00} \times 100 = 29.70\%

FORMULA

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