ETHICAL COMPLIANCE REPORT

WELSPUN ENTERPRISES.

Sector:

Industrials

Industry:

Engineering & Construction

Overall Compliance

non-compliant

PRIMARY BUSINESS FILTER
Infrastructure
compliant
REVENUE RATIO FILTER
6%
View Calculations
DEBT RATIO FILTER
15.2%
View Calculations
LIQUIDITY RATIO FILTER
9.8%
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.

Non Compliant

Questionable

Compliant

CALCULATION

\textbf{Revenue Ratio:} \\[12pt] \dfrac{1830600000.00}{30633100000.00} \times 100 = 6.00\%

FORMULA

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

Segment	Compliance	Value
Investment Gain	questionable	₹83.67
Other Income	compliant	₹7.97
Build Operate Transfer (bot) Business	compliant	₹12.34
Engineering, Procurement and Construction	compliant	₹2,800.99
Operation and Maintenance	compliant	₹13.49
Other Income	non-compliant	₹99.39
Other Operating Revenue	compliant	₹45.46

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.

15.2%

CALCULATION

\textbf{Debt Ratio:} \\[12pt] \dfrac{7524700000.00}{49487300000.00} \times 100 = 15.20\%

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.

9.8%

CALCULATION

\textbf{Liquidity Ratio:} \\[12pt] \dfrac{4841100000.00}{49487300000.00} \times 100 = 9.80\%

FORMULA

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