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sDkgL P]g, @)^# cGtu{t ;+:yflkt / ;+rflnt
lzjd\ l;d]G6;\ lnld6]8
Shivam Cements Limited /lhi68{ sfof{noM dsjfgk'/,lhNnf x]6f}+8f pk dxfgu/kflnsf j8f g+= !^ xl6of, g]kfn
skf]{/]6 sfof{noM sf=lh=sf=d=g=kf= j8f g+= !!, l;4fy{ O{g;'/]G; ejg bf];|f] tNnf cgfdgu/, sf7df08f}
kmf]g g= )!–%&)%^($/%&)^*)$ km\ofS; g+= )!–%&)^*%$
Od]nM [email protected] j]e;fO6M www.shivamcement.com..np
sf]
ljj/0fkq
-lwtf]kq ;DaGwL P]g, @)^# sf] bkmf #) tyf sDkgL P]g, @)^# sf] bkmf @# cGtu{t k|sflzt_
b/vf:t;fy k|lt z]o/ ?=!))÷— df -pBf]u k|efljt If]q jfl;Gbfx?n]_ lk|ldod /sd ? !))÷– yk u/L hDdf /sd ? @))÷–sf
b/n] / cGo ;j{ ;fwf/0fx?n] lk|ldod /sd ? @))÷– yk u/L hDdf /sd ? #))÷–sf] b/n] -ztk|ltzt e'QmfgL dfu ul/Psf]_
g]6jy{ ;DjlGw ljj/0f
ljj/0f
jf:tljs -?= xhf/df_ k|If]lkt -?= xhf/df_
cf=a=
2072÷73
cf=a=
2073÷74
cf=a=
2074÷75
cf=a=
2075÷76
cf=a=
2076÷77
cf=a=
2077÷78
k|lt z]o/ g]^jy{ -?=_ 144.53 159.66 161.61 193.38 220.46 248.25
k|lt z]o/ cfDbfgL -?=_ 38.89 32.45 29.53 30.37 42.08 47.79
k|lt z]o/ gub nfef+; -?=_ 10.53 10.53 15.00 15.00 20.00 20.00
nufgLdf x'g] hf]lvd;DaGwL pb\3f]if0f M
lwtf]kqdf ul/g] nufgLdf hf]lvd x'g] ePsf]n] To:tf] hf]lvdsf] d"Nof+sg ug]{ k|d'v bfloTj nufgLstf{ :jo+sf] x'g]5 / lwtf]kqsf]
lgisfzg d"Non] ;"rLs/0f kZrft lwtf]kq ahf/df x'g] sf/f]af/ d"No ghgfpg] x'Fbf o; ljj/0fkqsf] bkmf * df pNn]lvt
hf]lvdx? ;d]tsf] cWoog u/]/ dfq nufgL ;DalGw lg0f{o lng ;'emfj ul/G5 .
lgodg lgsfosf] hjfkmb]xLtf g/xg] pb\3f]if0f M
o; ljj/0fkqdf pNn]lvt lwtf]kq ;fj{hlgs lgisfzgsf nflu tof/ ul/Psf] xf] . o; ljj/0fkqnfO{ lwtf]kq;DaGwL sfg"g
adf]lhd g]kfn lwtf]kq af]8{n] :jLs[lt k|bfg u/]sf]5 . o;/L af]8{n] ljj/0fkqdf :jLs[lt k|bfg u/]sf] sf/0faf6 s;}n] klg g]kfn
lwtf]kq af]8{, sDkgL /lhi6«f/sf] sfof{no jf ;Dj4 cGo lgodg lgsfon] ljj/0fkqdf pNn]lvt s'/fsf] ;Totf jf lgisfzgstf{ jf
kl/of]hgfsf] cfly{s ;Ifdtfsf] af/]df s'g} k|sf/sf] k|Tofe"\t u/]sf] jf lhDd]jf/L lnPsf] dflgg] 5}g .
qm]l86 /]l6Ë ;DjlGw ljj/0f
o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/sf] ;fj{hlgs lgisfzg ug{sf nflu O{qmf g]kfn ln= af6 ldlt @)&$÷!@÷)!
df æO{qmf Pglk cfO{lkcf] u|]8 #+" k|df0fkq k|fKt u/]sf] 5 . æO{qmf Pglk cfO{lkcf] u|]8 #+Æ n] cf};t (Average Fundamental)
cfwf/x? hgfpFb5 .;f] ;DaGwL ljj/0f o; ljj/0fkqsf] bkmf u=@@ -6_ df pNn]v ul/Psf] 5 .
o; ljj/0fkq dfkm{t pBf]u k|efljt If]qsf afl;Gbfx?nfO{ laqmL ljt/0f ul/g] ;fwf/0f z]o/x? afF8kmfF8 ePsf] ldltn] tLg aif{ k"/f
geP;Dd laqmL ljt/0f ug{ kfOg] 5}g .
g]kfn lwtf]kq af]8{af6 ljj/0f–kqdf :jLs[lt k|fKt ldlt @)&%÷)#÷)&, tyf @)&%.)(.#) / @)&%.!).@% df ;+zf]wg :jLs[t, sDkgL /lhi6«f/sf]
sfof{nodf ljj/0f–kq btf{ ldlt @)&%÷)#÷@$ k|yd r/0fdf lgisfzg v'Nnf tyf lgisfzg aGb M ldlt @)&%.)$.!# b]lv ldlt
@)&%.)%.!! ;Dd
bf];|f] r/0fM lgisfzg v'Nnf ldltM @)&%.!!.)^ lgisfzg aGb ldltM @)&%.!!.)( -l56f]df_ lgisfzg aGb ldltM @)&%.!@.)% -l9nf]df_
lwtf]kq lgisfzg tyf laqmL k|jGws M
sDkgLn] cfkm\gf] hf/L k"FhL ?= $,$),)),)),)))÷—-cIf/]kL rf/ cj{ rfln; s/f]8 dfq_ sf] !@% cyf{t ? %@,*),)),)))÷— -
cIf/]kL afpGg s/f]8 c;L nfv dfq_ dWo] ?=!))÷— df lk|ldod /sd ? !))÷– yk u/L hDdf /sd ? @))÷– c+lst b/sf]
*,*),))) lsQf ;fwf/0f z]o/ pBf]u k|efljt If]q dsjfgk'/ lhNnfsf afl;Gbfx?sf] lgldQ tyf ? $$,)),)),)))÷— -cIf/]kL
rjfln; s/f]8 dfq_ /sd a/fa/sf] ?=!))÷— df lk|ldod /sd ? @))÷– yk u/L hDdf /sd ? #))÷– c+lst b/sf]
$$,)),))) lsQf ;fwf/0f z]o/ -;fd"lxs nufgL sf]ifsf nflu 5'§fOPsf] @,@),))) lsQf z]o/ tyf ;+ul7t ;+:yfsf sd{rf/Lsf
nflu 5'§fOPsf] @,@),))) lsQf z]o/ ;lxt_ ;j{;fwf/0fx?sf] lgldQ lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] clwgdf /xL
lgisfzg ul/Psf] 5 . k|rlnt sfg"g adf]lhd tof/ ul/Psf] jftfj/0fLo k|efj d"NofÍsg k|ltj]bg (EIA) / k|f/lDes jftfj/0f
k/LIf0f (IEE) adf]lhd cfof]hgf k|efljt If]q lgwf{/0f ul/Psf] xf] .
l;4fy{ Soflk6n lnld6]8
kf]=j=g+=@!@)), gf/fo0frf}/, gS;fn sf7df08f},
kmf]g g+= $$@)(@$÷$$@)(@%
Od]nM [email protected]
j]j ;fO6M www.siddharthacapital.com
1
v=! ljj/0fkqdf k|of]u ePsf k|fljlws tyf cGo zAbfjnLsf] kl/efiff M
s_ æljj/0fkqÆ eGgfn] sDkgL P]g @)^# sf] bkmf @# adf]lhd / lwtf]kq ;DaGwL P]g, @)^# sf] bkmf #) adf]lhd
k|sflzt ljj/0fx? ePsf] k'l:tsf ;Demg' kb{5 .
v_ ælwtf]kq lgisfzg tyf laqmL k|aGwsÆ eGgfn] l;4fy{ Soflk6n lnld6]8, gf/fo0frf}/, gS;fn sf7df08f}+
;Demg' kb{5 .
3_ æ;+ul7t ;+:yf÷sDkgLÆ eGgfn] lgisfzgstf{ sDkgL lzjd\ l;d]G6;\ lnld6]8 ;Demg' kb{5 .
ª_ æ;+:yfks ;+ul7t ;+:yfÆ eGgfn] lzjd\ l;d]G6;\ lnld6]8df ;+:yfks z]o/ wf/0f ug]{ sDkgLx? ;Demg'k5{ .
r_ ælwtf]kqÆ eGgfn] ;+ul7t ;+:yfn] hf/L u/]sf] z]o/ ;Demg'k5{
5_ æ;+sng s]Gb|Æ eGgfn] ;fj{hlgs lgisfzgsf] nflu tof/ ul/Psf] ljj/0fkq / b/vf:t kmf/d k|fKt ug{ ;lsg]
tyf b/vf:t kmf/d ;fy /sd a'emfpg ;lsg] u/L tf]lsPsf ;+:yfx? ;Demg' kb{5 .
h_ ælgisfzg a}+sÆ eGgfn] lgisfzg tyf laqmL k|aGws;Fu ;Demf}tf u/L lwtf]kq lgisfzgsf] qmddf cfj]bsaf6
k|fKt x'g] /sd hDdf ug{ lhDd]jf/L lng] afl0fHo a}+s ;Demg' kb{5 .
em_ ælgodg lgsfoÆ eGgfn] g]kfn lwtf]kq af]8{,sDkgL /lhi6«f/sf] sfof{no tyf pBf]u ljefunfO{ ;Demg' kb{5 .
`_ æ;+:yfks, ;+rfns, sfo{sf/L k|d'v tyf Aoa:yfkgÆ eGgfn] lzjd\ l;d]G6;\ lnld6]8sf] ;+:yfks, ;+rfns,
sfo{sf/L k|d'v tyf Aoa:yfkg ;Demg' kb{5 .
em_ æaf]8{Æ eGgfn] g]kfn lwtf]kq af]8{nfO{ ;Demg' kb{5 .
`_ æljQLo ljj/0fÆ eGgfn] ;+ul7t ;+:yfsf] jf;nft, cfo–Joo ljj/0f, gub k|jfx ljj/0f ;Demg' kb{5 / ;f]
zAbn] OlSj6Ldf ePsf] kl/at{gsf] ljj/0f / n]vf gLlt tyf n]vf;+u ;DalGwt l6Kk0fLx? ;d]t hgfpFb5 .
v=@= ljj/0fkq tyf b/vf:t k|fKt ug]{ / a'emfpg] :yfg M
ljj/0fkq kfOg] :yfgx?M
!= l;4fy{ Soflk6n lnld6]8, gf/fo0frf}/, gS;fn, sf7df08f} .
@= lzjd\ l;d]G6;\ lnld6]8, cgfdgu/, sf7df08f} .
;fy} lgisfzg tyf laqmL k|aGwssf] j]e;fO6 www.siddharthacapital.com, / lgisfzgstf{ sDkgLsf] j]e;fO6
www.shivamcement.com.np, jf g]kfn lwtf]kq af]8{sf] j]e;fO6 www.sebon.gov.np af6 ;d]t o;
lgisfzgsf] nflu :jLs[t ljj/0fkq x]g{ ;Sg' x'g]5 .
;j{;fwf/0fsf nflu b/vf:t kmf/d k|fKt ug]{ / b/vf:t a'emfpg] :yfgx? M
g]kfn lwtf]kq af]8{af6 cg'dlt lnO{ l;–cf:jf (C-ASBA) ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfx? .
pBf]u k|efljt If]qsf nflu b/vf:t kmf/d k|fKt ug]{ / b/vf:t a'emfpg] :yfgx? M
-s_ g]kfn lwtf]kq af]8{af6 cg'dlt lnO{ l;–cf:jf (C-ASBA) ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfx? .
gf]6M pBf]u k|efljt If]qsf afl;Gbfn] l;–cf:jf (C-ASBA) ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfx? dfkm{t
cfj]bg a'emfpFbf kfngf ug'{kg]{ zt{x? bkmf u!)-5_ sf] a'Fbf u!s df pNn]v ul/Psf] 5 .
2
u=!=lwtf]kq lgisfzg tyf laqmL k|aGwssf] pb\3f]if0f M
xfdLnfO{ sDkgL tyf o;sf ;~rfnsx¿n] pknAw u/fPsf] ljj/0f tyf hfgsf/Lx?sf] cfwf/df o; sDkgLsf]
Joj:yfksLo, k|fljlws / cfly{s kIfsf] ljZn]if0ffTds cWoogaf6 ;Gt'i6 x'g'sf] ;fy} ljj/0fkqdf n]lvPsf cfly{s
ljj/0fx¿ / cGo hfgsf/L tYout, k"0f{ / ;xL b]lvPsfn] nufgLstf{x?nfO{ nufgL;DaGwL lg0f{o lng d2t k'Ug] s'/fk|lt
ljZj:t eO{ xfdLn] of] ljj/0fkq :jLs[ltsf nflu g]kfn lwtf]kq af]8{df lwtf]kq ;DaGwL P]g, @)^# / lwtf]kq btf{ tyf
lgisfzg lgodfjnL, @)&# cg'?ksf] of]Uotf k'u]sf] k|lta4tfkq -Due Diligence Certificate_ k|:t't u/]sf 5f}+ .
u=@=;+ul7t ;+:yfsf] pb\3f]if0f M
u=@=s= ;+rfnssf] lhDd]jf/L tyf hjfkmb]lxtf ;DaGwL pb\3f]if0f M
of] ljj/0fkq xfdLn] k'g/fjnf]sg u/L cg'df]bg u/]sf] x'gfn] o; ljj/0fkqdf pNn]v ul/Psf ljj/0f tyf hfgsf/Lx?sf
;fy} lgisfzg tyf laqmL k|aGwsnfO{ lbPsf] ljQLo ljj/0f, cGo ljj/0f, hfgsf/L tyf sfuhftx?sf ;Totf / z'4tf
k|lt / lwtf]kq btf{ tyf lgisfzg cg'dlt k|of]hgsf nflu g]kfn lwtf]kq af]8{df k]z ul/Psf] ljj/0fkq / ;f] ;Fu
;DalGwt cGo ljj/0f tyf hfgsf/Lx?sf] z'4tf tyf ;Totfk|lt o; ljj/0fkqdf x:tfIf/ ug]{ xfdL ;+rfnsx? AolQmut
jf ;fd"lxs ?kdf hjfkmb]lxtf axg ub{5f}+ / lwtf]kq lgisfzgsf nflu tf]lsPsf zt{ tyf cfjZostfx?sf] ;DaGwdf
cfjZos hfgsf/L lnO{ xfdL of] pb\3f]if0f ub{5f}+ ls tf]lsPsf zt{ tyf cfjZostfx? ;a} kfngf u/]sf 5'÷5f}+ /
nufgLstf{x?nfO{ nufgL ;DaGwL ;';"lrt lg0f{o lng cfjZos s'g} ljj/0f, ;"rgf tyf hfgsf/Lx? n'sfPsf 5}gf}+ .
u=@=v= ;+ul7t ;+:yfsf] hjfkmb]lxtf ;DaGwL pb\3f]if0f M
o; lzjd\ l;d]G6;\ lnld6]8n] k|sflzt u/]sf] ljj/0fkq, ;fj{hlgs k|:tfj, lj1fkg jf cGo s'g} ;"rgfdf pNn]v ePsf
ljj/0f afx]s ;+ul7t ;+:yfsf] af/]df k|sflzt cGo s'g} ;"rgf jf hfgsf/Lsf] hjfkmb]xLtf ;+ul7t ;+:yfdf g/xg] /
To:tf] ;"rgf, hfgsf/L jf ljj/0fsf] cfwf/df nufgL u/]df ;f] sf] hf]lvd nufgLstf{ :jo+n] axg ug'{kg]{5 .
u=@=u= lgodg lgsfosf] lgodg Aoa:yfsf] kfngf ;DaGwL pb\3f]if0f M
k|rlnt sfg"g cg';f/ cfkm\gf] pBf]u÷Joj;fo÷;]jf;Fu ;DalGwt lgodg lgsfo -h:t}M sDkgL /lhi6«f/sf] sfof{no,
pBf]u ljefu, vfgL tyf e"ue{ ljefu cfbL_ sf] ;fj{hlgs lgisfzg tyf cGo lgodg Joj:yf tyf lgb]{zgx?sf] kfngf
u/]sf] s'/fsf] pb\3f]if0f ub{5f}+. ;fy} ;fj{hlgs lgisfzg k|of]hgsf] nflu tof/ ul/Psf] ljj/0fkq / ;f] df plNnlvt
;Demf}tf jf cGo ljj/0fx? g]kfn lwtf]kq af]8{ / sDkgL /lhi6«f/sf] sfof{nodf k]z u/]sf 5f}+ . sDkgL /lhi6«f/sf]
sfof{noaf6 k|fKt ldltM @)&$.!!.)*, r= g+= @()^% sf] kqfg';f/ cf=j= @)&#.)&$ ;DDfsf] sDkgL P]g adf]lhd k]z
ug'{ kg{] ;a} ljj/0fx? k]z ul/;s]sf] x'+bf sDkgL cBfjlws /x]sf] 5 .
u=@=3= ;+:yfks, ;+rfns tyf sfo{sf/L k|d'v ;DaGwL pb\3f]if0f M
-!_ o; ;+ul7t ;+:yfsf] ;+:yfks, ;~rfns jf sfo{sf/L k|d'v shf{ ;"rgf s]Gb|sf] sfnf] ;"rLdf /x]sf 5}gg\ .
-@_ o; ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v sfnf] ;"rLdf /x]sf] cGo ;+ul7t ;+:yfdf ;~rfns jf sfo{sf/L
k|d'v /x]sf 5}gg\ .
-#_ ;fj{hlgs lgisfzgdfkm{t ;j{;fwf/0faf6 k"FhL ;+sng u/L a]kQf ePsf jf ;+rfngdf g/x]sf jf nufgLstf{x¿sf]
lxtljk/Lt x'g] sfo{ u/]sf] ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v o; sDkgLsf] ;~rfns jf sfo{sf/L k|d'v
5}gg\ .
-$_ lwtf]kq ;DaGwL sfg"g ljk/Lt sfo{ u/]sf] sf/0f lwtf]kq ahf/ jf lwtf]kq Joj;foLsf] cg'dltkq vf/]h ePsf] bz
jif{ k"/f gePsf] ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v o; sDkgLsf] ;~rfns jf sfo{sf/L k|d'v 5}gg\ .
-%_ o; ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v lwtf]kq;DaGwL P]gsf] bkmf !)* adf]lhd ;~rfns jf sfo{sf/L
k|d'v cof]Uo /x]sf 5}gg\ .
3
u=#= ;+ul7t ;+:yf ;DaGwL hfgsf/L M
u=#=s= ;+ul7t ;+:yfsf] k[i7e"ld M
-s_ ;+:yfsf] gfd M lzjd\ l;d]G6;\ lnld6]8 (Shivam Cements Limited)
-v_ ;+:yf s'g P]g cGtu{t :yflkt ePsf] ;f] s'/f M sDkgL P]g, @)^# cGtu{t :yflkt .
-u_ ;+:yfsf] /lhi68{ 7]ufgf M o; sDkgLsf] /lhi68{ sfof{no dsjfgk'/ lhNnf, x]6f}+8f pk dxfgu/ kflnsf j8f g+= !^, xl6of
tyf skf]{/]6 sfof{no sf7df08f} lhNnf sf7df08f} dxfgu/kflnsf j8f g+= !! l;4fy{ O{G;'/]G; ejg bf];|f] tNnf cgfdgu/,
sf7df08f}+df /x]sf] 5 . cfjZostfg';f/ :jLs[lt lnO{ sDkgLsf] /lhi68{ sfof{no :yfgfGt/0f ug{ / g]kfn leq jf ljb]zdf
zfvf sfof{no vf]Ng ;lsg] 5 .
-3_ sf/f]jf/ ug]{ d'Vo :yfg M o; sDkgLsf] sf/f]jf/ ug]{ d'Vo :yfg sDkgLsf] /lhi68{ sfof{no dsjfgk'/ lhNnf, x]6f}+8f pk dxfgu/
kflnsf j8f g+= !̂ , xl6of, skf]{/]6 sfof{no sf7df08f} lhNnf sf7df08f} dxfgu/kflnsf j8f g+= !! l;4fy{ O{g;'/]G; ejg bf];|f] tNnf
cgfdgu/, sf7df08f}+ /x]sf]5 . / pBf]u :yn dsjfgk'/ lhNnf, x]6f}+8f pk dxfgu/ kflnsf j8f g+= !̂ , xl6of /x]sf]5 . zfvf sfof{no
emfkf lhNnf, ljtf{df]8 gu/kflnsf j8f g+= & tyf df]/Ë lhNnf s6x/L ufpF ljsf; ;ldlt j8f g+= * / k/jfgLk'/ jf/fdf
/x]sf 5g . ;DalGwt lgsfoaf6 :jLs[lt lnO{ g]kfnsf cGo :yfgx?df sfof{nox? vf]Ng ;Sg]5 .
-ª_ ;+ul7t ;+:yfsf] :yfkgfsfn b]lv xfn;Ddsf] ;+lIfKt Oltxf; / ;+ul7t ;+:yfsf] d'Vo p2]Zox?M
sDkgLsf] :yfkgfsfn b]lv xfn;Ddsf] ;+lIfKt Oltxf; b]xfo adf]lhd /x]sf] 5 M
-!_ >L lzjd\ l;d]G6;\ lnld6]8 sf] ldlt @)^).)@.!# ut] sDkgL /lhi6«f/sf] sfof{nodf btf{ eO{ ldlt @)&@.)$.)*
ut] sDkgL /lhi6«f/sf] sfof{nosf] lg0f{o cg';f/ k|f=ln= af6 kl/jt{g eO{ klAns lnld6]8sf] ?kdf lzjd\ l;d]G6;\
lnld6]8 -sDkgL btf{ g+= !#&@!)_ df clen]v eO{ sf/f]af/ ;+rfng ub{} cfPsf] sDkgL xf] .
-@_ l;d]G6 pTkfbg ug]{ p2]Zo pNn]v eO{ 7"nf pBf]usf] ?kdf >L lzjd\ l;d]G6;\ lnld6]8n] ldlt @)^!.)$.@^ ut]
pBf]u ljefuaf6 pBf]u btf{ k|df0fkq -pBf]u btf{ g+= #%)*÷&((÷@)^!–)^@_ k|fKt u/]sf] 5 . ;+ul7t ;+:yfsf]
Kofg /lhi6«]zg g+= #)@$#^@!# /x]sf] .
-#_ ;+ul7t ;+:yfn] dsjfgk'/ lhNnfsf] ;'sf}/f uflj; j8f g+= #, $ / ^ tyf 7Lug uflj; j8f g+= ( df /x]sf] /fli6«o
jgIf]qsf] !)=@^ x]S6/ jg If]q r'g9'Ëf pTvggsf nflu pkof]u ug{ g]kfn ;/sf/ dlGqkl/ifbsf] lg0f{oaf6 ldlt
@)&!.)&.@& ut] cg'dlt k|fKt u/]sf] tyf ef]uflwsf/ cg'dlt k|fKt u/]sf] ldltaf6 !% jif{;Dd cg'dlt jxfn
/xg] .
-$_ ;+ul7t ;+:yfn] g]kfn ;/sf/ dlGqkl/ifbsf] lg0f{oaf6 dsjfgk'/ lhNnf ;fljs a'l9rf}/ uf=lj=;= j8f g+= ^ xfn
dsjfgk'/u9L ufpFkflnsf j8f g+= * df cjl:yt vfgL If]qsf] @(=!$ x]S6/ /fli6«o jg If]qsf] hUuf r'g9'Ëf
pTvggsf nflu pkof]u ug{ ldlt @)&$.!).!% ut] cg'dlt k|fKt u/]sf] tyf ef]uflwsf/ cg'dlt k|fKt u/]sf]
ldltaf6 ( jif{;Dd cg'dlt jxfn /xg] .
-%_ ;+ul7t ;+:yfn] dsjfgk'/ lhNnfsf] ;'sf}/f÷j'l9rf}/ df @=** ju{ ls=ld= If]q vfgL tyf e'uj{ ljefuaf6 ldlt
@)^$.)&.@! b]lv @)*$.)&.@) ;Dd cg'dlt jxfn /xg] u/L ldlt @)^$.)&.@! df r'g9'Ëf vfgL pTvgg
sfo{sf] nflu cg'dlt kq g++=&*.)^$.)^% k|fKt u/]sf] .
-^_ ;+ul7t ;+:yfn] dsjfgk'/ lhNnfsf] Okf kGrsGofdf /x]sf] (=(( ju{ ls=ld= If]q vfgL tyf e'uj{ ljefuaf6 ldlt
@)^^.)*.@# b]lv @)*^.)*.@@ ;Dd cg'dlt jxfn /xg] u/L r'g9'Ëf vfgL pTvgg sfo{sf nflu ldlt
@)^^.)*.@# df cg'dlt kq g+=&*.)^^.)^& k|fKt u/]sf] .
-&_ ;+ul7t ;+:yfn] dsjfgk'/ lhNnfsf] ;'sf}/f÷ j'9Lrf}/ df /x]sf] )%=)) ju{ ls=ld= If]q vfgL tyf e'uj{ ljefuaf6
ldlt @)^#.!!.@# b]lv @)*#.!!.@@ ;Dd cg'dlt jxfn /xg] u/L r'g9'Ëf vfgL pTvgg sfo{sf nflu ldlt
@)^#.!!.@# df cg'dlt kq g+= $&.)^#.)^$ k|fKt u/]sf] .
-*_ ;+ul7t ;+:yfn] dsjfgk'/ lhNnfsf] ;'sf}/f÷ j'9Lrf}/ df /x]sf] )#=)) ju{ ls=ld= If]q vfgL tyf e'uj{ ljefuaf6
ldlt @)^^.)*.@# b]lv @)*^.)*.@@ ;Dd cg'dlt jxfn /xg] u/L r'g9'Ëf vfgL pTvgg sfo{sf nflu ldlt
@)^^.)*.@# df cg'dlt kq g++= &(.)^^.)^& k|fKt u/]sf] .
4
-(_ ;+ul7t ;+:yfn] dsjfgk'/ lhNnfsf] O{kf, kGrsGoff÷ l+7+ug df /x]sf] )%=&^ ju{ ls=ld= If]q vfgL tyf e'uj{
ljefuaf6 ldlt @)^(.!).!) b]lv @)&#.!).)( ;Dd cg'dlt jxfn /xg] u/L r'g9'Ëf vfgL vf]h tnf; sfo{sf
nflu ldlt @)^(.!).!) df cg'dlt kq g++= !@%.)^(.)&) k|fKt u/]sf] / ;f] vfgL cgdlt kq cGt/ut r'g9'Ëf
pTvgg\ of]hgf k]z u/]sf]df vfgL tyf e“ue{ ljefuaf6 :jLs[lt k|fKt eO{ EIA ug{] k|lqmof k|f/De ul/Psf] .
-!)_ ;+ul7t ;+:yfn] ldlt @)&@.)%.@& df sf/f]jf/ ug{] :jLs[ltsf] sDkgL /lhi6«f/sf] sfof{noaf6 kq k|fKt u/]sf] .
-!!_ /fli6«o jg If]qdf r'g9'Ëf pTvggsf nflu tof/ ul/Psf] k|f/lDes jftfj/0fLo kl/If0f k|ltj]bg ldlt
@)&).)(.)$ ut] jg ljefuaf6 l:js[t k|fKt ePsf] .
-!@_ dsjfgk'/ lhNnfsf] j'9Lrf}/ uf=lj=;=df r'g9'Ëf pTvggsf nflu tof/ ul/Psf] jftfj/0fLo k|efj d"NofÍg
k|ltj]bg hg;+Vof tyf jftfj/0f dGqfnoaf6 ldlt @)&$.)#.@% ut] l:js[t k|fKt ePsf] .
-!#_ r'g9'Ëf pTvggsf nflu tof/ ul/Psf] k|f/lDes jftfj/0fLo kl/If0f k|ltj]bg vfgL tyf e"ue{ ljefuaf6 ldlt
@)&@.)^.)& ut] / ;+zf]lwt ?kdf ldlt @)&#.)$.@# ut] l:js[t k|fKt ePsf] .
-!$_ ;+ul7t ;+:yfn] pBf]u ljefuaf6 k'FhL tyf Ifdtf j[l4 ;DaGwdf ldlt @)&$.)#.@@ ut] k"FhL tyf Ifdtf j[l4
cg'dlt k|fKt ePsf] . ;+zf]lwt Ifdtf cg';f/ ;+ul7t ;+:yfsf] lSnÍ/ Ifdtf #))) l6lkl8 tyf ljB't zlQm
@*))) s]eLP /x]sf] 5 .
-!%_ ;+ul7t ;+:yfsf] Ifdtf clej[l4 ;DjlGw ;+zf]lwt jftf/0fLo kl/If0f k|ltj]bg ldlt @)&$.)@.!* sf] lg0f{ofg';f/
pBf]u ljefuaf6 l:js[t k|fKt ePsf] .
-!^_ cf= j= @)&#.)&$ sf] :yL/ ;DklQ ?= $ cj{ !( s/f]8 nfO{ cfwf/ dfgL k|If]k0f ubf{ pBf]usf] ;fwf/0fdf nufgL
lkmtf{ x'g] cjlw (Normal Pay Back Period) @ jif{ ^ dlxgf /x]sf] 5 / l8:sfp06df nufgL lkmtf{ x'g] cjlw
(Discounted Pay Back Period) # jif{ ^ dlxgf /x]sf] 5 .
pQm nufgL lkmtf{ x'g] cjlwsf] lx;fj u0fgf ubf{ lzjd l;d]G6;\ ln=sf] ;xfos sDkgL lzjd xf]lN8FU; k|f= ln=
dfkm{t xf]8=zL lzjd l;d]G6 k|f= ln= df nufgL u/]sf] z]o/ /sdnfO{ ;dfj]z ul/Psf] 5}g . xf]8=zL lzjd l;d]G6
k|f= ln=n] pBf]u lgdf{0f sfo{ ;DkGg u/L Joj;flos pTkfbg z\? Ul/;s]sf] / nufgL lkmtf{ x'g] cjlw % jif{ ^
dlxgf /x]sf]5 .
sDkgLsf] k|aGwkqsf] bkmf $ cg';f/ sDkgLsf] d'Vo p2]Zox¿ b]xfo adf]lhd /x]sf 5g\ .
s_ :jLs[t lng'kg]{df :jLs[tL lnO{ b]zsf] ljsf; sfo{df cfjZos kg]{ l;d]G6sf] j9\b} uO/x]sf] dfunfO{ dWogh/ /fvL
cfw'lgs d]lzg / k|ljlw hl8t l;d]G6 sf/vfgfsf] :yfkgf u/L sRrf kbfy{x? cfoft u/L tyf :yflgo jhf/af6
vl/b u/L lSnªs/ tyf ljleGg k|sf/ / u|]8sf l;d]G6 pTkfbg u/L :jb]zdf ljqmL ljt/0f ug'{sf] ;fy} ljb]zdf
;d]t lgof{t u/L ljb]zL d'b|f cfh{g ug]{ .
v_ sDkgLsf] p2]Zo lj:tf/ x'Fb} hfFbf cfw'lgs d]lzg / k|ljlw hl8t l;d]G6 sf/vfgfsf] :yfkgf u/L lSnÍ/af6
cf]l8{g/L kf]6{n]08 l;d]G6 tyf kf]hf]nfgf kf]6{n]08, :nfu nufotsf ljleGg lsl;dsf l;d]G6x? pTkfbg ug]{ .
u_ sDkgLaf6 pTkflbt jf cfofltt l;d]G6 tyf lSnªs/sf] ljqmL ug{] tyf sDkgLsf nflu cfjZos kg]{ ljleGg
sRrf kbfy{x? vl/b ug{ :jb]z tyf ljb]zdf Ph]G6, l8li6Jo'6/, l8n/ ;j l8n/ cfbL lgo'Qm ug]{ .
3_ l;d]G6;+u ;DjlGwt vlgh kbfy{x?sf] cGj]if0f ljsf; tyf pTvgg\ sfo{ ug]{ .
ª_ l;d]G6 cfk"lt{, ;KnfO{ ;DjGwL 7]Ssf k§fdf efu lng] / ;Demf}tf cg';f/ sfo{ ug]{ u/fpg] .
r_ :jLs[t lng'kg]{df ;DjlGwt lgsfoaf6 :jLs[t lnO{ ;'ljwf ;DkGg k]6«f]n kDksf] :yfkgf u/L k]6«f]lnlod kbfy{,
k]6«f]n, df]ljn, lu|h, dl§t]n cfbL vl/b u/L tyf cfoft u/L k]6«f]lnod kbfy{x? ljqmL ljt/0f ug]{ .
5_ :jLs[t lng'kg]{df :jLs[t lnO{ vfgL cGj]if0f vf]htnf; v/Lb / ;+rfng ug]{ .
h_= l;d]G6, lSnÍ/ / l;d]G6df cfwfl/t cGo pTkfbgx? pTkfbg ug{sf] nflu o;} sDkgLaf6 :jLs[t lnO{ ug]{ .
em_= l;d]G6 pBf]u :yfkgf tyf ;+rfng ug{ cfjZos kg{] d]lzg pks/0f 7]Ssf jf ef8fdf lng] lbg],sf/vfgf :yfkgf
tyf r'g9'+uf pTvgg\ ug{] ;DalGw k|fljlws ;]jf k|bfg ug{], 7]Ssf k6[fdf efu lnO{ sfo{ ug{] .
-r_ ;+ul7t ;+:yfsf] s'g} ;xfos sDkgL ePdf ;f] ;xfos sDkgLsf] gfd, Oltxf; / To;sf d'Vo p2]Zox?sf ;fy} To;df
ePsf] nufgLsf] c+z -k|ltztdf_ M ;xfos sDkgLsf] ?kdf lzjd xf]lN8U; k|f= ln= gfds sDkgL ldltM @)&!.!).@^ df
5
btf{ g+= !#@)^$ df sDkgL P]g @)^# adf]lhd btf{ ePsf] / :yfoL n]vf g+= ^)@$&)&#& cfGtl/s /fh:j sfof{no,
sf7df8f}+df btf{ /x]sf] 5 . xfn pQm sDkgLdf z]o/ nufgL k|ltzt ** lzjd l;d]G6;\ / ^ k|ltzt >L lbks s'df/ emf
tyf ^ k|ltzt >L ljgf]b s'df/ >]i7sf]] z]o/ nufgL 5 . cTofw'lgs k|ljlwo'Qm l;d]G6 pBf]u :yfkgf u/L ;+rfng ug{]
nufotsf p4]Zox? ePsf] pQm ;xfos sDkgLsf] clws[t tyf hf/L k"+hL ?= $ cj{ /x]sf] 5 .
o;sf] pB]Zo b]xfo adf]lhd /x]sf] 5 .
s_ ljb]zL gful/s, ljb]zL ;+3 ;+:yf, jf sDkgL;+usf] ;xsfo{ / ;+o'Qm nufgL jf ;+o'Qm pkqmd (Joint Venture Invesment) df g]kfnsf] ljsf;sf nflu cfjZos pBf]u Joj;fo ;+rfng ug{] ;DalGw sfo{x?
ug{] .
v_ ljleGg k|sf/sf pBf]u Pj+ sDkgLx?df z]o/ nufgL u/L pQm pBf]u Joj;fosf] Joj:yfkg ;DalGw sfo{x?
ug{], u/fpg] .
u_ :jb]zL jf ljb]zL JolQm jf ;+3 ;+:yf;+u ;Dks{ lj:tf/ u/L :jb]zdf nufgL leqofpg] . pBf]u Joj;fo
;+rfng u/L b]zdf cf}wf]lus pTkfbgx?sf] ljsf;df ;xof]u k'Ug] sfo{x? ug{] .
;+ul7t ;+:yfsf] ;xfos sDkgL lzjd\ xf]lN8U; k|f=ln= sf] ljQLo ljj/0f tyf nufgL ;DjGwL ljj/0f b]xfo adf]lhd /x]sf] 5 .
jf;nft
cf=a= 2074÷75
-? xhf/df_
laj/0f cf=a= 2074÷75 cf= j= @)&#÷&$
;Dklt
nufgL
nufgL 3,821,996.90 1,305,000.00
z]o/ P8efG; 0.10 149,710.00
rfn' ;DklQ
gub tyf a}+s df}Hbft 116.78 117.75
hDdf rfn' ;DklQ 116.78 117.75
hDdf ;DklQ 3,822,113.78 1,454,827.75
k"+hL
z]o/ k"+hL 3,824,662.60 1,450,000.00
z]o/ cfj]bg
7,375.63
hu]8f k"hL -9,798.79_ -2,806.38_
hDdf k"+hL 3,814,863.81 1,454,569.25
rfn' bfloTj
rfn' tyf cGo bfloTj 7,249.97 258.50
hDdf rfn' bfloTj 7,249.97 258.50
hDdf k"+hL tyf bfloTj 3,822,113.78 1,454,827.75
6
cfo laj/0f
-? xhf/df_
laj/0f cf=a= 2074÷75 cf=a= 2073÷74
lalqm
lalqmsf] k/n d'No
v'b d'gfkmf
k|zf;lgs tyf lalqm lat/0f vr{ 6,992.42 332.93
s/ s6\6L cl3sf] d'gfkmf -6,992.42_ -332.93_
cfos/
s/ s6\6L kl5sf] d'gfkmf hu]8f sf]ifdf
:yfgfGt/0f -6,992.42_ -332.93_
lzjd\ xf]lN8U; k|f=ln= sf] nufgL /x]sf] xf]ªzL l;d]G6 k|f=ln= sf] lj:t[t ljj/0f b]xfo adf]lhd /x]sf] 5 .
xf]8=zL lzjd l;d]G6 k|f= ln= nufgL jf]8{ P]g @)^* adf]lhd g]kfn ;/sf/ nufgL af]8{sf] :jLs[lt adf]lhd sDkgL P]g
@)^# cg';f/ k|f= ln= btf{ g+= !$)$)(.)&@.)&# ldltM @)&@.)^.)^ df sDkgL /lhi6|f/sf] sfof{nodf btf{ ePsf] xf] /
cfGtl/s /fh:j sfof{no, sf7df8f}+af6 :yfoL n]vf g+= ^)#^!$!))# k|fKt ug'{sf ;fy} pBf]u ljefudf 7"nf
pTkfbgd"ns pBf]u cGt/ut ldlt @)&@.)*.@* df pBf]u btf{ k|df0f kq k|fKt u/]sf] 5 . xfn pQm sDkgLdf #)
k|ltzt z]o/ nufgL :jb]zL lzjd xf]lN8 =;\ k|f= ln= / &) k|ltzt z]o/ nufgL ljb]zL ;+:yf >L HONGKONG RED
LINE CEMENT NO.3, x8=s8= sf] /x]sf] 5 . ;fy} o; sDkgLsf] xfnsf] lSn8=s/ tyf l;d]G6 pTkfbg ug{] b}lgs ^)))
d]= 6g= Ifdtfsf] pBf]u :yfkgf k|b]z g+= $ cGt/ut k"jL{ gjnk/f;L lhNnfsf] ljgoL lqj]0fL ufFpkflnsf j8f g+= #
;fljs j]lgdl0fk'/ uf= lj= ;= j8f g+= # df cTofw'lgs k|ljlwo'Qm pBf]u :yfkgf ul/ Joj;flos pTkfbg z'? ul/;s]sf]
5 .
lzjd\ l;d]G6; ln= / xf]ªzL lzjd l;d]G6 k|f=ln= jLr b]xfosf sf/0fx?n] ubf{ :jfy{ gjflemg] Joxf]/f ;d]t cg'/f]w 5 .
!= b'j} sDkgLsf] pB]Zo ldNbf] h'Nbf] ePtf klg lzjd l;d]G6;\ ln= n] cfkm\gf pTkfbgsf] ahf/ lj:tf/ u/L cfkm\gf]
pBf]usf] k"0f{ Ifdtfdf ljut jif{x? b]lv g} pTkflbt lzjd j|f08sf] cf]= lk= l;= l;d]G6 dfq pTkfbg / ljqmL
ljt/0f ul/ cfPsf]n] gofF cfpg] s'g} csf{] pBf]un] o;sf] ahf/ lx:;f / u|fxsx?af6 cToflws dfqfdf /f]hfO{sf]
a|f08 aGg ;kmn ePsf sf/0f :jfy{ aflemg] ;Defjgf cToGt Go'g /x]sf] 5 .
@ g]kfndf pTkflbt l;d]G6sf] ahf/ dfu / cfk"lt{sf aLrdf 7"nf] cGt/ /x]sf] x'+bf ef/t nufotsf b]zx?af6 cfh
klg l;d]G6sf] cfoft eO{ /x]sf] x'+bf g]kfndf g} pknJw ePsf] cj:yfdf cfGtl/s k|lt:kwf{ eGbf klg cfoft
k|lt:yfkgsf sf/0f g]kfndf :jfy{ aflemg] cj:yf cToGt Go"g /x]sf] b]lvG5 .
#= l;d]G6sf] d"Nodf 9'jfgL ef8fsf sf/0f d"Nodf k|efj kfg{ hfg] oyf{y cj:yf ljBdfg ePsf]df lzjd l;d]G6sf]
pBf]u dsjfgk'/ lhNnfsf] x]6f}+8fdf cjl:yt 5 eg] xf]8 =zL lzjd l;d]G6sf] pBf]u gjnk/f;Ldf cj:yLt ePsf]
x'+bf lzjd l;d]G6sf] ahf/ lx:;f sf7df8f}+ nufot k"j{ tkm{ al9 /x]sf] / klZrd If]qdf lzjdsf] pkl:ytL
cToGt Go"g ePsf]n] klZrd If]qdf xf]8 =zL lzjd l;d]G6sf] ahf/ lj:tf/ ug{ ;xh x'g] b]lvPsf] x'+bf :jfy{
aflemg] cj:yf cToGt Go"g /x]sf] 5 . ;fy} xf]8 =zL lzjd l;d]G6sf] ;+rfns ;ldltdf @ hgf ;+rfnsx? lzjd
l;d]G6;\ ln= af6 lgo'Qm k|ltlglwx? g} /x]sf], /xg] x'+bf b'j} pBf]unfO{ ;dGjo u/L ;+rfng x'g]5 .
$= o; pBf]usf] lzjd xf]lN8=; k|f= ln= dfkm{t nufgL /x]sf] xf]8=zL lzjd l;d]G6 k|f=ln=af6 cfh{g x'g] d"gfkmf ;d]t
o; lzjd l;d]G6;\ ln=n] ;d]t k|fKt ug{] x'+bf :jfy{ aflemg] cj:yf g/x]sf] .
7
-5_ b]xfosf s'/fx? ;d]t pNn]v ug'{ kg]{ -nfu' x'g] xb;Dd_ M
-!_ ;+ul7t ;+:yfn] pTkfbg ug]{ j:t' jf k|bfg ug]{ ;]jfx? M r'g9'+uf pTvgg\ / k|zf]wg u/L cTofw'lgs k|ljlw hl8t
Knf06 P08 d]lzg/Laf6 pRr Sjfln6Lsf] lSnªs/ tyf ljleGg u|]8sf l;d]G6 pTkfbg tyf ljqmL ljt/0f ug{] .
-@_ k|of]u ePsf] jf ul/g] k|ljlw M ;+ul7t ;+:yfn] hd{g 6]Sgf]nf]hLaf6 ag]sf] pko'Qm pTkfbg k|ljlwx?M hl8t cfw'lgs
/f]6/L lsNg / /f]n/ k|]if u|fO{lG8Ë pks/0f k|of]udf NofPsf] 5 . ;fy}, ;+ul7t ;+:yfn] jfo' k|b'if{0f lgoGq0fsf nflu
Aofu lkmN6/ / Aofu xfp; h:tf] cfw'lgs k|ljlw k|of]udf NofPsf] 5 .
-#_ s'g} a||fG8g]d, k|ltlnlk clwsf/, 6«]8dfs{, Ohfhtkq, k|fljlws ;xof]u ;Demf}tf / ;+ul7t ;+:yf;Fu ;DalGwt af}l4s
;DklQ xs clwsf/ M ;+ul7t ;+:yfn] pTkfbg ug{] l;d]G6sf] a|f08g]d lzjd cf]= lk= l;= l;d]G6 /x]sf] 5 . pQm
a|f08g]dnfO{ 6\]8dfs{ ;DalGw P]g adf]lhd pBf]u ljefuaf6 6|]8dfs{ lrGx btf{ k|df0f kq k|fKt u/]sf] 5 , 6«]8dfs{
/lhi6«]zg k|df0f kq g+= #!&*(÷#!&() /x]sf] 5 . pQm 6|]8dfs{ lrGx nufotsf sDkgLn] k|fKt u/]sf cGo k|df0f
kqx? sDkgLsf cf}wf]lus ;DklQ tyf af}l4s ;DklQsf] xs sDkgLdf ;'/lIft /x]sf 5g .
-$_ ;+ul7t ;+:yfn] cf]u6]sf] ahf/ If]q M ;+ul7t ;+:yfn] pTkflbt j:t' ljqmL ljt/0fsf nflu pko'Qm ljt/0f k|0ffnL ckgfPsf]
5 . dsjfgk'/ sf7df08f}, nlntk'/, eQmk'/, sfe{], l;Gw'kfNrf]s, bf]nvf, lrtjg, gjnk/f;L, wflb8=, /f}tx6,
;nf{xL, lj/u+h, l;Gw'nL, hgsk'/, nfxfg, l;/fxf, nfnjGbL, ;Kt/L, df]/Fu, lj/f6gu/, ;'g;/L, O6x/L, emfkf,
sfs8le§f, Onfd, kfFry/, tfKn]h'Ë, lxn], wgs'6f tyf pQm If]q cf;kf;sf If]qx? tyf kf]v/f, tgFx', uf]/vf,
:of*=hf / kj{t, ndh'Ë, a]gL, afUn'Ë ;d]tsf If]q ;+ul7t ;+:yfn] cf]u6]sf] k|d'v jhf/ If]qx? x'g . pNn]lvt
:yfgx?sf cltl/Qm b]zsf cGo If]qx?df ;d]t ahf/ lj:tf/sf] tof/L ul/Psf]5 . pko'Qm ljt/0f k|0ffnL dfkm{t
pTkfbLt l;d]G6 ljqmL ljt/0f ug{] ul/Psf] 5 . sDkgLn] pTkfbg u/]sf] cf]= lk=l;= l;d]G6 Sjfln6L, pTkfbg Ifdtf,
jhf/ lx:;f, 8]lne/L l;i6d, ljlqmkl5 sDkgLn] k|bfg ug{] lgM z'Ns k|fljlws ;]jf / ahf/ k|j{4g;+u ;DalGwt
sfo{x? ;d]tsf sf/0f b]ze/ lnl8Fu a|f08sf] ?kdf :yflkt ePsf] 5 . ;fy} g]kfn aflx/ ef/tdf ;d]t lgsf;L u/L
ljb]zL d'b|f cfh{g ug{ ef/tLo u'0f:t/ xg{] ;/sf/L ljefuaf6 lzjd a|f08sf l;d]G6sf] u'0f:t/ k/LIf0fdf ef/tLo
dfkb08 k'/f u/L BIS Certification Mark ;d]t k|fKt u/]sf]5 .
-%_ gofF pTkfbg tyf ;]jf ;DaGwL of]hgfM xfn sDkgLn] cf]= lk= l;= l;d]G6df kmf]s; u/]sf] ePtf klg cfufdL lbgdf
cfpg ;Sg] ahf/sf] dfunfO{ Wofgdf /fvL lk= lk= l;= , :nfu l;d]G6 nufotsf cGo ljleGg a|f08 / u|]8sf l;d]G6
pTkfbg u/L ahf/sf] cfjZostfnfO{ kl/klt{ ug{] of]hgf /x]sf]5 . pBf]un] pTkfbg ljljlws/0f ug{ ;Sg] u/L
;+/rgf agfOPsf] 5 .
-̂ _ pTkfbg tyf ;]jfsf] k|d'v ahf/ / To;sf] dfu / laqmL ljt/0fsf] tl/sf M sDkgLsf] pBf]u /x]sf] lhNnf dsjfgk'/ /
cGo lhNnf tyf :yfgx? s|dzM sf7df08f}, nlntk'/, eQmk'/, sfe{], l;Gw'kfNrf]s, lrtjg, gjnk/f;L, wflb8 =,
/f}tx6, ;nf{xL, lj/u+h, l;Gw'nL, hgsk'/, nfxfg, l;/fxf, nfnjGbL, ;Kt/L, df]/Fu, lj/f6gu/, ;'g;/L, O6x/L, emfkf,
sfs8le§f, Onfd, kfFry/, tfKn]h'Ë, lxn], wgs'6f tyf pQm If]q cf;kf;sf If]qx? / kf]v/f, tgFx', uf]/vf, :ofFhf /
kj{t, ndh'Ë, a]gL, afUn'Ë ;d]tsf If]qx?df pTkflbt l;d]G6 ljqmL ljt/0fsf] nflu sDkgLn] @ k|sf/sf ljt/0f
k|0ffnL cjnDag u/]sf] 5 . h;df l8n/ ljt/0f k|0ffnL dfkm{t xf]n;]n/, l/6]n/ x'bF} u|fxs;Dd k'/ofpg] / csf{]
pBf]uaf6 ;f]em} 7'nf 7'nf kl/of]hgf k|f]h]S6x?df 8fO{/]S6 ;KnfO{ ug{] Joj:yf ul/ ljqmL ljt/0f ug]{ ul/Psf] 5 .
;fy} ahf/ k|j{4gsf sfo{x? ;+rfng ug{] ul/Psf]5 .
-&_ pTkfbg÷;+rfng Ifdtf / ;f] sf] pkef]u l:ylt M cf=j= @)&#÷)&$ df lSnÍ/ #%&,*(& d]l6«s 6g tyf cf]lkl;
l;d]G6 %$&,$@) d]l6«s 6g pTkfbg u/L ljqmL ljt/0f u/]sf]5 / cf=j= @)&$÷)&% df lSnÍ/ $*^,$@% d]l6«s
6g tyf cf]lkl; l;d]G6 ^(),#)^ d]l6«s 6g pTkfbg u/L ljqmL ljt/0f u/]sf]5 . l;d]G6 pTkfbgsf] nflu ! KnfG6
/x]sf] 5 h;sf] pTkfbg Ifdtf k|lt lbg #))) l6lk8L (Tonne per Day) / lSnË/sf] pTkfbg Ifdtf !())
l6lkl8 (Tonne per Day) /x]sf] 5 .
-*_ sRrf kbfy{sf] >f]t, lsl;d / pknAwtf M dsjfgk'/ lhNnfdf /x]sf] ;fljs ;'sf}/f, j'l9rf}/, Okf kGrsGof, l7+ug
If]qsf] /fli6«o jg If]q ;d]tdf cjl:yt r'g9'Ëf pTvgg\ ;DjlGw sfo{sf] nflu vfgL tyf e"ue{ ljefuaf6 cg'dtL
k|fKt ePsf] / g]kfn ;/sf/ dlGqkl/ifbsf] lg0f{on] jg If]qsf] hUufdf ;d]t r'g9'Fuf vfgL ;+rfng ug{ jg If]qsf]
hUuf k|of]u ug{ lbg] ;DalGw lg0f{o eO{ jg ljefu;+u ;Femf}tf ePsf]n] l;d]G6sf] d'Vo sRrf kbfy{ r'g9'+ufsf] ;xh
pknAwtf /x]sf] 5 . ;fy} cGo sRrf kbfy{x? h:t} sf]Onf, lhD;d cfO{/g cf]/, cfkm\g} pTkfbgn] gk'u x'g]
lSn8=s/ , KoflsFu d]6]l/oN; nufotsf sRrf kbfy{x? cfoft tyf :yfgLo ahf/af6 vl/b u/L k|of]u ub{} cfO{/x]sf
8
5f}+ .
-(_ u'0f lgoGq0fsf] nflu ul/Psf] Joj:yf M cTofw'lgs hd{g k|ljlwo'Qm KnfG6 P08 d]lzg/L hl8t pBf]usf] lgdf{0f, r'g
9'Ëf ;+sngsf] nflu k|ofKt If]qkmn ;lxtsf] r'g 9'Ëf /fVg ;Sg] Ifdtfo'Qm e08f/0f sIo, jftfj/0fLo jfo' k|b'if{0f
lgoGq0fsf nflu Aofu lkmN6/ / Aofu xfp; lgdf{0f tyf g]kfn u'0f:t/ lrGx ,g]kfn :6\of088{ $(, Bureau of
Indian Standard Certification Mark, cfOP;cf] k|df0f kq !$))!M@))$, cfO;cf] k|df0f kq ())!M@))* /
cf]PrP;PP; OHSS k|df0f kq !*))!M@))& sf] dfGotf k|fKt u/]sf] 5 . pBf]udf @$;} 306f cfkm\g}
cTofw'lgs Nofjaf6 x/]s !, !, 306fdf pTkfbg k/LIf0f ug{] ul/Psf] 5 . r'g9'+Fufsf] u'f0f:t/ kl/If0fsf] nflu
:jrflnt X-ray Machinery pBf]u d} h8Lt 5 . ;fy} pTkflbt l;d]G6sf] x/]s Jofr ;/sf/L tyf cGo lghL
Nofjx?df ;d]t lgoldt u'0f:t/ k/LIf0f ug{] ul/g'sf ;fy} l;d]G6sf] Compressive Strength kl/If0f ug{] pRr
k|ljlwo'Qm d]lzg/L hl8t 6]lSgsn Eofgaf6 l;d]G6sf] 1fg ePsf cg'ejL O{lGhlgo/, k|fljlws dfkm{t lgM z'Ns
lgdf{0f:yndf uO{ cfkm\gf] l;d]G6sf] u'0f:t/sf] hfgsf/L u/fpg] Joj:yf ldnfO{Psf] 5 . sDkgLn] pTkfbg u/]sf]
l;d]G6 pRr u'0f:t/Lo /x]sf] 5 .
-!)_ cg';Gwfg tyf ljsf; M l;d]G6sf nflu cfjZos kg{] d'Vo sRrf kbfy{ l;d]G6 u|]8 r'g9'Fuf sf] vf]h tnf;,
cg';Gwfg u/L pTvgg\ ug{ ;Gbe{df g]kfn ;/sf/ vfgL tyf e'ue{ ljefu ;d]taf6 lgodf adf]lhd cg'dlt lnO{
b]zsf ljleGg :yfgx?df cg';GwfTds sfo{ x? lgoldt ?kdf ug{] ul/Psf] 5 . h:t} dsjfgk'/, lrtjg, wflbFu,
g'jfsf]6, kfNkf, pbok'/ sf pRr kxf8L efux?df k|ofKt dfqfdf vf]h tnf; / ljsf;;+u ;DalGw sfo{ u/L
k|ltj]bg tof/ kf/L pTvgg\ cg'dlt kqsf nflu k'jf{wf/sf sfo{x? Ul/Psf 5g .
-!!_ ljut !@ dlxgfsf] cjlwdf ;+:yfsf] ;+rfngdf c;/ kg]{ u/L ePsf] jfwf, Jojwfg M ljut !@ dlxgfsf] cjlwdf
;+ul7t ;+:yfsf] ;+rfngdf c;/ kg]{ u/L s'g} jfwf Jojwfg g/x]sf] .
-!@_ dhb'/ ;+u7g;Fusf] ;DaGw / ljutdf s'g} cf}Bf]lus ljjfb ePsf] eP, ;f] ;DaGwL ljj/0f M ;f] gePsf] .
-!#_ ahf/, k|lt:kwf{ / cGo ;dfg pBf]ux? aLr ;+ul7t ;+:yfsf] l:ylt M sDkgLn] pTkfbg u/]sf] l;d]G6sf] ahf/ lx:;f
cToGt pT;fxhgs /x]sf]5 . OPC Segment df g]kfns} cu|:yfg cf]u6\g ;kmn ePsf] 5 . g]kfndf :yflkt cGo
pBf]ux?n] klg o; sDkgLnfO{ ln8 sDkgL / ln8 a|f08sf ?kdf x]g{] u/]sf 5g . ca kfOknfO{gdf /x]sf
pBf]ux?af6 cjnDag ul/g] ahf/ lj:tf/sf of]hgfx?nfO{ rgfvf] ?kdf x]/L cfufdL lbgdf ;d]t ahf/df cfkm\gf]
l:ytL lnl8Fu a|f08sf ?kdf :yflkt /xg] ljZjf; sDkgLn] u/]sf] 5 .
-!$_ k|d'v u|fxsx?sf] ljj/0f -h:t}–;+:yfsf] s"n jflif{s sf/f]af/df !)Ü jf ;f] eGbf a9Ln] of]ubfg ug{] jf Joj;fosf]
nflu ;+ul7t ;+:yf s'g} k|d'v u|fxs;Fu lge{/ 5 eg] t\t;DaGwL ljj/0f M gePsf] .
-!%_ k|d'v ;Knfo;{x?sf] ljj/0f -h:t}–;+:yfsf] s"n sf/f]af/df !)Ü jf ;f] eGbf a9Ln] of]ubfg ug{] ;Knfo;{ jf
Joj;fosf] nflu ;+ul7t ;+:yf s'g} k|d'v ;Knfo;{;Fu lge{/ 5 eg] t\t;DaGwL ljj/0f_ MgePsf] .
u=#=v= ;DklQsf] ljj/0f M
-s_ ;+ul7t ;+:yfsf] pks/0f -KnfG6_ tyf cGo ;DklQ /x]sf] :yfg / pks/0f tyf ;DklQsf] cj:yf M
dsjfgk'/ lhNnfdf cjl:yt lzjd\ l;d]G6;\ lnld6]8sf] gfddf ;[hgf e} ;s]sf] rncrn ;DklQsf] ljj/0f lgDgfg';f/
pNn]v ul/Psf] 5 .
qm=;+= ljj/0f
@)&% ciff9 ;Ddsf]
hDdf
S Åf;s§L gx'g] ;DklQ
hUuf
268,854,015.89
V x|;s§L x'g] ;DklQ
Ans A
-l;d]G6 ldn, lSnÍ/ ldn, afp08«L jfn, 8fO/]S6/ xfp;, n]j/ Sjf6/,
e08f/ sIf, clkm; ejg, KnfG6 ejg, KnfG6 Pl/ofsf] /f]8, sd{rf/L
cfjf;, 6]Dkn_
1,468,623,796.88
Ans B
Po/ slG8;g/ P08 l6le ;]6, sDKo'6/, kmlg{r/, cGo cf}hf/x?
11,515,094.46
Ans C
48,514,344.83
48,514,344.83
9
Ans D
-l;d]G6 ldn, gofF lSnÍ/ ldn, Po/ sDk|];/, a|]s/, lSnÍs/ lu|lG8Í,
qmz/, aNs/, ;fOsn, l8lh ;]6, On]lS6«lkms];g sfo{, PS;fe]6/,
h]g]/]6/, 6«fG;kmd{/, qm]g, h]l;lj kr]{h, nf]8/, df]6/ u|of8/, dfOG;
8]enkd]06, cGo ;DklQ, Koflsª KnfG6, KnfG6 P08 d]l;g/L, 6]ln
nfOg, 6«s l6Kn/, l6Kk/, j]o6 lj|h, Xrf d]l;g
2,700,717,963.71
U Ans E (Entangibles)
l;glh{ s:6f]dfOh];g, Pr cf/ df]8'n, l6PdP;, PsfplG6ª ;km\6jo/,
PrcfP P08 k|f]h]S6 si6 df]8n
517,374.60
3 Soflk6n js{ Og k|f]u|]z
150,338,633.78
hDdf 4,649,081,224.63
-v_ a"Fbf -!_ df pNn]lvt ;DklQ ;+ul7t ;+:yfsf] cfkm\g} ;DklQ xf] of lnhdf lnPsf], lnhdf lnPsf] eP lnhsf] cjlw
ldlt ;d]t pNn]v ug'{kg]{ M cfkm\g} ;DklQ xf] .
-u_ olb ;DklQ ;+ul7t ;+:yfsf] :jfldTjdf /x]sf] ePdf pQm ;DklQ dfly s'g} lnog jf df]6{u]h eP ;f] ;DaGwL ljj/0f M
s]lx lsQf huufx? sl/j %^ ljufxf pBf]u :ynsf hUufx? / vfgL If]qsf ^) /f]kgL hUufx? >L gljn a}+s ln=
b/jf/dfu{,sf7df8f}+ ;d]tsf ;xljQos/0f shf{ k|jfx ug{] a}+sx?sf gfddf df]6{u]h ePsf] .
-3_ ljj/0fkq af]8{df k]z ul/Psf] ldltdf ;+ul7t ;+:yfsf] ;DklQsf] lstfjL d"No / ahf/ d"No aLr km/s ePdf ;f] sf]
ljj/0f M sDkgLsf] ;DkQLx?sf] d'No k/ndf]ndf g} /flvPsf] / k"gd{'NofÍg ul/Psf] 5}g .
-ª_ ;DklQsf] d"Nof+sg ul/Psf] t/Lsf ;DaGwL ljj/0f M sDkgLsf] ;Dk"0f{ ;DklQx? P]tLxfl;s nfut d'Nodf x|f;s6[L u/L
d'Nof+sg ul/Psf] 5 .
u=#=u= efjL of]hgf tyf /0fgLlt M
-s_ Joj;fo÷;]jfsf] a[l4sf nflu ;+:yfsf] efjL of]hgf / To:tf] of]hgfsf] k|flKtsf nflu rflng] ;doj4 /0fgLtL M
pTkfbg ljljlws/0f ug]{, pBf]u;+u ;DalGwt vfgLx?sf] cg';Gwfg tyf ljsf; ug]{, yk vfgL If]qx?sf] cg'dlt lnO{
r'g9'+uf / cfO/gcf]/sf] Joj:yf bL3{sflng ?kdf k|aGw ug]{, pBf]usf] Ifdtf lj:tf/ ug]{ tyf pko'Qm cGo :yfgdf zfvf
pBf]u vf]nL ;+rfng ug]{ of]hgf sDkgLsf] /x]sf] 5 . ;fy}, cGo of]hgfx? b]xfo cg';f/ /x]sf 5g\ .
-!_ sDkgLsf] d'Vo p2]Zo g]kfnsf] l;d]G6 pBf]u ljsf;df Ps cu|0fL sDkgLsf] ?kdf :yflkt ug'{ /x]sf]5 .
-@_ ;+ul7t ;+:yfsf] KnfG6 tyf pTkfbg IfdtfnfO{ j[l4 ug]{ tyf ;f]xL cg';f/ jhf/ lj:tf/ ug]{ .
-#_ u'0f:t/Lo pTkfbgnfO{ k|fyfldstfdf /flv b]z ljsf;, k'g{lgdf{0f tyf ef}lts k'jf{wf{/ lgdf{0fdf dxTjk"0f{ e"ldsf lgjf{x
ug]{ .
-$_ l;d]G6;+u ;DjlGwt vlgh kbfy{x?sf] cGj]if0f tyf ljsf; / pTvgg\ sfo{ ug]{ .
-%_ cGo l;d]G6 pTkfbsx?nfO{ k/fdz{ ;]jf tyf O{SjLkd]06 pknJw u/fpg] .
pQm of]hgfx? k|fKtLsf nflu xfn;Dd sDkgLn] b]xfoadf]lhdsf sfo{x? u/]sf] 5 .
!_ sDkgLn] cfkm\gf] pTkfbgx?df u'0f:t/Lotf sfod u/L lgdf{0f hutsf] ljZjf; lhTg] sfo{ u/L k|ofKt lzjd l;d]G6sf]
a|fl08Fu sfo{ ul/;s]sf] 5 . cem lj:tf/nfO{ pRr dxTj lbO{ ljqmL kl5sf] k|fljlws ;]jf ljz]if1 O{lGhlgo/x?sf] 6f]ln
dfkm{t lgdf{n:yndf g} k'uL lgM z'Ns ;]jf k|bfg ug{] sfo{ ljut jif{x? b]lv ;+rfng ug{] Ps dfq l;d]G6 pTkfbs
sDkgL /x]sf] 5 .
@_ b}lgs !@)) d]= 6g= af6 pTkfbg z'? u/]sf] pBf]un] cfkmgf] pTkfbg Ifdtf lj:tf/ ub{} nlu xfn b}lgs #))) d]=
6g= l;d]G6 pTkfbg tyf ljlqm ljt/0f z'? u/L pB]Zo xfl;n ul//x]sf] 5 .
#_= dsjfgk'/, lrtjg, wflbFu, kfNkf / g'jfsf]6 nufotsf ;Defljt r'g9'+uf / cfO/gcf]/sf ;Defljt vfgL:ynx?sf] yk
If]qsf] klxrfgsf nflu k|fyflds r/0fsf sfo{x? ul//x]sf] 5 .
-v_ k|lt:kwf{, ljBdfg cfly{s l:ylt / ;dfg lsl;dsf] pBf]usf] l:yltsf] cfwf/df ;+ul7t :f+:yfsf] Aoa;fosf] eljioM
b]zdf dfu adf]lhd l;d]G6 cfk"lt{sf] sld /x]sf] xfnsf] k[i7e"lddf l;d]G6 pTkfbg ug{' cfkm}df ;x|flgo sfd ePsf] /
l;d]G6 pTkfbg ;Fu} dfu klg lgwf{/0f x'g] / ;f]xL cg';f/ u|fxs ;d]t klxrfg eO{ jhf/df ;xh} ljqmL ljt/0f x'g] cj:yf
/x]sf] x'Fbf o; If]qdf cGo ;dfg lsl;dsf pBf]u ;+u k|lt:kwf{ /x]tf klg dfu adf]lhdsf] cfk"lt{ x'g g;s]sf] / d'Vot o;
10
pBf]un] pTkfbg ug{] l;d]G6sf] pRr:t/sf] u'0f:t/ / ljqmL kl5sf] lgz'Ns k|bfg ug{] k|fljlws ;Nnfxf, kl/of]hgf cg';f/sf]
ljZj:t/sf ljleGg u|]8 / u'f0f:t/sf sf/0f o; ;+ul7t ;+:yfn] cfkm"nfO{ jhf/df ;jn pBf]usf] ?kdf :yflkt u/fpg
;kmn ePsf] 5 . o; ;+ul7t ;+:yfn] u'0f:t/nfO{ k|fyldstf lbO{ pTkfbg ug]{ x'gfn] ;d]t o; ;+ul7t ;+:yfaf6 pTkflbt
l;d]G6n] jhf/df cfkm"nfO{ :yflkt u/fpg ;Dej ePsf] 5 . jt{dfg cj:yfdf l;d]G6sf] dfu / cfk"lt{ aLr 7'nf] cGt/
/x]sf]5 . l;d]G6sf] dfu tyf cfk"lt{sf] ljj/0f b]xfo cg';f/ /x]sf] 5 .
g]kfnL ahf/df l;d]G6sf] dfu adf]lhdsf pTkfbg / ;KnfO{ g]kfnL pBf]ux?af6 k'/f x'g g;s]sf sf/0f ljut jif{x? b]lv
g} ef/t nufotsf b]zx?af6 7"nf] dfqfdf l;d]G6 tyf lSn8 =s/ cfoft eO{/x]sf] cj:yf ljBdfg 5 . ljb]zaf6 cfofltt
l;d]G6sf] dfqfnfO{ k|lt:yfkg ug{ ;s] dfq klg pQm ahf/ lx:;f :jtxM g]kfnL pBf]ux?n] k|fKt ug{]5g .
aif{ -O{:jL ;Datdf_ l;d]G6sf] dfu -d]l6|s 6gdf_ *cfoflttaf6 cfk"lt{ -d]l6|s 6gdf_ s}lkmot
@)!% % ldlnog !.@) ldlnog
@)!^ ^ ldlnog @.&) ldlnlog
@)!& & ldlnog #.!) ldlnog
*cfoftsf] >f]tM eG;f/ ljefu, lqk'/]Zj/, sf7df8f}+sf] Website af6 ;fef/ ul/Psf].
pBf]ux?sf] kof{Kt ljsf; x'g ;s] g]kfnnfO{ cfjZos kg{] l;d]G6 ;xh} cfk"lt{ u/L ef/t nufotsf l5d]sL d'n'sx?df
;d]t lgof{t ug{ ;lsG5 . sDkgLn] ef/tLo ;/sf/L lgsfoaf6 lgof{t ug{ ;Sg] u/L pTkflbt l;d]G6sf] u'0f:t/ lrGx BIS Mark Certification ;d]t k|fKt ul/;s]sf]5 . To;}n] xfnsf] cj:yfdf o; Aoa;fodf k|lt:kwf{sf] cj:yf /x]tf klg
k|lt:kwf{sf] sf/0f j:t' ljqmL gx'g] cj:yf ;[hgf x'g ;Sg] ;Defjgf Hofb} Go"g /x]sf]5 .
u=#=3= ;~rfns ;ldltsf] ;+/rgf / k|ltlglwTj ;DaGwL Joj:yf M
sDkgLsf] lgodfjnL sf] lgod @& df ePsf] Joj:yf cg';f/ & -;ft_ hgf ;~rfns ;b:o /x]sf] ;~rfns ;ldlt /xg]
Joj:yf 5 . ;~rfns ;ldltdf ;~rfns ;b:ox¿sf] k|ltlglwTj b]xfo adf]lhd /x]sf] 5 .
;+:yfks z]o/wgLx¿af6 dgf]lgt jf lgjf{lrt
;~rfnsx¿
% hgf
;j{;fwf/0f z]o/wgLx¿af6 lgjf{lrt ;~rfnsx¿ ! hgf
:jtGq Joj;flos ;~rfns ! hgf
hDdf & hgf
gf]6M ;j{;fwf/0f z]o/wgL ;d"xaf6 x'g] ;+rfns tyf :jtGq Joj;flos ;+rfns lgo'Qm x'g afFsL /x]sf]n] ;+ul7t ;+:yfsf]
;+rfns ;+Vof xfn %hgf /x]s]f .
u=$= kF'hL ;+/rgf ;DaGwL hfgsf/L M
-s_ clws[t, hf/L tyf r'Qmf kF'hL / ;+:yfsf] :yfkgf kZrft\ ;f] df kl/jt{g ePsf] eP tT;DjGwL ljj/0f M
clws[t k'FhL M sDkgLsf] clws[t kF"hL ?=&,)),)),)),)))÷—-cIf/]kL ;ft cj{ ?k}+of_ /x]sf]5 . pQm k"FhLnfO{ ?=!))÷—sf
b/n] &,)),)),))) -;ft s/f]8_ yfg z]o/df laefhg ul/Psf] 5 .
hf/L k'FhL M sDkgLsf] hf/L k"FhL ?=$,$),)),)),)))÷—-cIf/]kL rf/ cj{ rfln; s/f]8 ?k}+of_ /x]sf]5 . pQm k"FhLnfO{
?=!))÷—sf b/n] $,$),)),))) -rf/ s/f]8 rfln; nfv _ yfg z]o/df laefhg ul/Psf] 5 .
r'Qmf k'FhL M sDkgLsf] r'Qmf k"FhL ?= #,*&,@),)),)))÷—-cIf/]kL tLg cj{ ;tf;L s/f]8 jL; nfv ?k}+of_ /x]sf]5 . pQm
k"FhLnfO{ ?=!))÷—sf b/n] #,*&,@),))) - tLg s/f]8 ;tf;L nfv aL; xhf/_ yfg z]o/df laefhg ul/Psf] 5 .
;j{;fwf/0fsf lgldQ 5'§fOPsf] ?=%@,*),)),)))÷–-cIf/]kL afpGg s/f]8 c;L nfv_ /sd a/fa/sf] ?=!))÷—c+lst b/sf]
%@,*),))) lsQf ;fwf/0f z]o/ lgisfzg u/L afF8kmfF8 u/] kZrft\ sDkgLsf] r'Qmf k"FhL ?=$,$),)),)),)))÷—-cIf/]kL rf/
cj{ rfln; s/f]8 _ x'g]5 .
;+:yfsf] :yfkgf kZrft\ clws[t, hf/L tyf r'Qmf kF'hL df kl/jt{g ;DjGwL ljj/0f M
cf=j clws[t k"FhL ?= hf/L k"FhL ?= r'Qmf k"FhL ?=
@)&$.&% &,)),)),)),))). $,$),)),)),))). #*&,@),)),))).
@)&#.)&$ &,)),)),)),))). %,)),)),)),))). @,%),)),)),))).
@)&@.)&# &,)),)),)),))). %,)),)),)),))). @,)),)),)),))).
@)&!.)&@ $,)),)),)),))). !,%),)),)),))). !,@%,)),)),))).
11
-v_ lgisfzg kl5sf]]] r'Qmf k'FhL -;d"xs[t ul/Psf] cj:yfdf ;f]xL cg'?k_ M
;+ul7t ;+:yfsf] k|aGwkqsf] bkmf ^ df pNn]v eP cg';f/ ;j{;fwf/0fx?df ;fwf/0f z]o/ lgisfzg u/L afF8kmfF6 u/] kZrft\
x'g] sDkgLsf] r'Qmf k"hLsf] ;+/rgf b]xfo adf]lhd /x]sf]5 M
qm=;+= z]o/wgLx? ;d'x ;fwf/0f
z]o/ ;+Vof
r'Qmf /sd -?=_ k"FhL
;+/rgf
e'QmfgL
k|ltzt
!= ;+:yfks z]o/wgL #,*&,@),))) #,*&,@),)),)))÷— **% Zftk|ltzt
#= ;j{;fwf/0f ;d"x -pBf]u k|efljt
If]qsf jfl;Gbfx? ;d]tsf nflu hf/L
ul/Psf] z]o/ ;lxt_
%@,*),))) %@,*),)),)))÷– !@% Zftk|ltzt
hDdf $,$),)),))) $,$),)),)),)))÷–—
-u_ z]o/ lk|ldod vftf -lgisfzg k"j{ / lgisfzg kZrft\_ M z]o/ lk|ldod vftfsf] Aoj:yf b]xfo adf]lhd /x]sf] .
o; ;+ul7t ;+:yfsf] z]o/ lk|ldod vftf ;DaGwL ljj/0f b]xfo adf]lhd /x]sf] 5 M
z]o/ lk|ldod vftf -lgisfzg k"j{_ M –
z]o/ lk|ldod vftf -lgisfzg kZrft_ M ? (^,*),)),))) ÷—
s'n M ? (^,*),)),))) ÷—
u=%=;+:yfks÷;+rfns ;DaGwL hfgsf/L M
u=%=s=;+:yfks÷;+rfnssf] k[i7e"dL M
-s_ cfwf/e"t z]o/wgLx? tyf ;+rfnsx?sf] gfd, kb, pd]/, /fli6«otf, 7]ufgf, z]o/ :jfldTj, z}lIfs of]Uotf, cg'ej, / k|:tfljt
Aofkf/÷Aoj;fodf cg'ej M
cfwf/e"t z]o/wgLsf] ljj/0f M
l;=g+= gfd, 7]ufgf kb pd]/
-jif{_
/fli6«otf z]o/
:jfldTj
-lsQf_
z}lIfs
of]Uotf
cg'ej
-k"j{ / xfn sfo{/t_
! >L ;'/]Gb| s'df/
uf]on
cWoIf %% g]kfnL $^,$^,$)) lj=Pl:;=
d]sflgs
n
OlGhlgo/
Plzog nfO{km O{G;'/]G; sDkgL ln=
sf] ;+rfns, c/ljGb ODkf]l/od
k|f=ln=, slknj:t',, :6f/nfO{d
O{08li6|h k|f= ln=,sf7df8f}+ ;d]tdf
;+rfns cWoIf, Pr= cf/= uf]on
u|'ksf] sfo{sf/L ;+rfns /xL @&
jif{ eGbf a9L ljleGg pBf]u,
Jofkf/ / ;]jf Joj;fo If]qsf]
sfof{g'ej
@ >L /3'gGbg df? ;+rfns $% g]kfnL !&,@*,%&! lj=sd nIdL 6]Sgf]Knf:6 k|f=ln=, 6]g
dfOqmf]G; g]kfn k|f=ln=/ nIdL
nfOd k|f]8S6;, x]6f}8f OG8li6«on
Pl/of, sf7df08f}, :6f/nfO{d
O{08li6|h k|f= ln=, sf7df8f}+df
;+rfns ;d]t eO{ ldg/n
O08li6«df @% jif{sf] sfof{g'ej .
;fy} h]lj df? u|'k sf] sfo{sf/L
pkfWoIf .
# >L ;lGbk s'df/
zf/bf
;+rfns $^ g]kfnL !(,*$,$)) lj=sd kfof]lgo/ df]6f]sk{ k|f=ln=,
yfkfynL, sf7df08f}, sG;6«S;g
;f]n';g k|f=ln=, yfkfynL,
sf7df08f}, O{Gk|mf6]s k|f= ln=,
yfkfynL, sf7df08f}, P;lklh
6«]l8Ë k|f=ln=, yfkynL, sf7df08f},
lk|ldo/ jfo;{ k|f=ln=, lj/f6gu/,
12
df]/Ë, Go'l6«km'8\; k|f=ln= lj/f6gu/,
df]/Ëdf ;+rfns eO{ ;f/8f u|'k
cGtu{tsf] pBf]u / Jofkf/
Joj;fodf @% jif{sf] Joj:yfksLo
sfof{g'ej ;lxtsf] cfj4tf tyf
zf/8f u|'kdf sfo{sf/L ;+rfns
eO{ sfof{g'ej .
$ >L cldt df]/ ;+rfns #$ g]kfnL !%,$*,*)) Pd=lj=P= u0fktL jg:ktL k|f=ln=, lj/u+h sf]
k"j{ ;+rfns /xL !! jif{sf] ljleGg
pBf]udf sfo{fg'ej . nSsL u|'k
g]kfn k|f= ln=df sfo{sf/L
Joj:yfkssf] sfof{g'ej .
% >L /f]lxt u'Ktf ;+rfns #@ g]kfnL @$,@),))) Pd=Pl:;=
kmfOgfG;
P08
Dofg]hd]0
6
6]ln6s k|f=ln=df ;+rfns cWoIf,
b l/ofN6;{ k|f= ln= ;+rfns
Gf"Knfi6 O{08li6|h k|f= ln=af/fdf
;+rfns, nSsL u|'k g]kfn k|f= ln=,
sf7df8f}+df ;+rfns, o'lge;{n
O{n]S6|f]sd sf7df8f}+{df k|f]k|fO6/
u0fktL jg:ktL k|f=ln=, lj/u+h sf]
k"j{ ;+rfns, sf] ?kdf cfj4 /xL
ljleGg pBf]u, Jokf/ If]qdf (
jif{sf] sfof{g'ej /lx ljleGg
pBf]u, Jofkf/ Joj;fo ;d]tsf]
sfof{g'ej .
^ >Llgjfz zf/bf z]o/wlg ^# g]kfnL !(*$,$)) lj= sd= ljut $* jif{ b]lv zf/8f u|'k
cGt/utsf ljleGg pBf]u /
Jofkf/ Joj;fodf cfj4 /lx
;+rfns tyf Joj:yfksLo sfo{sf]
sfof{g'ej .
& /fw]Zofd zf/bf z]o/wlg ^$ g]kfnL !(*$,$)) lj= sd= ljut $% jif{ b]lv zf/8f u|'k
cGt/utsf ljleGg pBf]u / Jokf/
Joj;fodf cfj4 /lx ;+rfns tyf
Joj:yfksLo sfo{sf] sfof{g'ej .
* kjg s'df/ zf/bf z]o/wlg %( g]kfnL !(*$,$)) lj= sd= ljut $) jif{ b]lv zf/8f u|'k
cGt/utsf ljleGg pBf]u / Jokf/
Joj;fodf cfj4 /lx ;+rfns tyf
Joj:yfksLo sfo{sf] sfof{g'ej,
df]/Fu Jofkf/ ;+3sf] cWoIf .
( cGhgL gGbg df? z]o/wlg $# g]kfnL !%,^@,^@( lj= sd= ljut @) jif{ b]lv h]= lj= df? u|'k
cGt/utsf ljleGg pBf]u / Jokf/
Joj;fodf cfj4 /lx ;+rfns tyf
Joj:yfksLo sfo{sf] sfof{g'ej
.;DnUg .
!) >LdtL k'gd uf]on z]o/wlg $& g]kfnL $@,%(,@)) lj= P= g]zgn l;d]G6 k|f= ln= df]/Fusf]
;+rfns, Pr= cf/= uf]on u|'k
cGt/utsf pBf]u, Jofkf/
Joj;fodf ;+rfns tyf
Joj:yfksLo sfo{df cfj4 /lx
sfof{g'ej .
!! >j0f s'df/ df]/ z]o/wlg %& g]kfnL !^,$%,^)) lj= sd= ljut #^ jif{ b]lv nSsL u|'k g]kfn
cGt/utsf ljleGg pBf]u / Jokf/
Joj;fodf cfj4 /lx ;+rfns tyf
Joj:yfksLo sfo{sf] sfof{g'ej .
13
!@ /fhs'df/ df]/ z]o/wlg %# g]kfnL !%,$*,*)) lj= sd= ljut #@ jif{ b]lv nSsL u|'k
g]kfn cGt/utsf ljleGg pBf]u /
Jokf/ Joj;fodf cfj4 /lx
;+rfns tyf Joj:yfksLo sfo{sf]
sfof{g'ej .
!# /fh]Gb| k|;fb d'Gb8f z]o/wlg %% g]kfnL &,&$,$)) b]j]g/f u|'ksf] gfoj k|aGw ;+rfns
tyf ;f] u|'k cGt/utsf ljeGg
pBf]u, Jofkf/ Jof;fodf cfj4 /lx
;+rfns tyf Joj:yfksLo sfo{sf]
sfof{g'ej .
!$ b]jlszg dG'b8f z]o/wlg &$ g]kfnL &,&$,$)) lj= sd= b]j]g/f u|'ksf] cWoIf tyf ;f] u|'k
cGt/utsf ljleGg pBf]u, Jofkf/,
;]jf Jof;fodf cfj4 /lx ;+rfns
tyf Joj:yfksLo sfo{sf] %% jif{
blvsf] sfof{g'ej .
!% a]lg uf]kfn d'Gb8f z]o/wlg ^% g]kfnL &,&$,$)) lj= sd= b]j]g/f u|'ksf] efO{; k|l;8]06 tyf
;f] u|'k cGt/utsf ljleGg pBf]u,
Jofkf/, ;]jf Jof;fodf cfj4 /lx
;+rfns tyf Joj:yfksLo sfo{sf]
%) jif{ blvsf] sfof{g'ej .
!^ gGb lszf]/ d'Gb8f z]o/wlg ^@ g]kfnL (,^*,))) lj= sd= b]j]g/f u|'ksf] k|aGw ;+rfns tyf
;f] u|'k cGt/utsf ljleGg pBf]u,
Jofkf/ Jof;fodf cfj4 /lx
;+rfns tyf Joj:yfksLo sfo{sf]
$% jif{ b]lvsf] sfof{g'ej .
!& ;fIfL s'df/L
led;/Lof
z]o/wlg g]kfnL !(#,^)) PdljljP
;
lzjd l;d]G6;\ ln=sf] z]o/wgL
!* ljgf]b s'df/
led;/Lof
z]o/wlg g]kfnL #),)),*)) Pd=lj=P= Unf]jncfO{PdaL a}+ssf] nufgLstf{
!( >Ldlt k|ef
led;/Lof -uf]oGsf_
z]o/wlg g]kfnL @^,!#,^)) lj=P:;L== ;flgdf dfO{ xfO8\f]kfj/ ln /
an]kmL xfO8|f] kfj/ ln= sDkgLsf]
nufgLstf{ / do"/ u0f]z k|f=
ln=k|aGw ;+rfns
@) ;'lzn u'Ktf z]o/wlg #% g]kfnL @#,@#,@)) lj=lj=Pd=
hg/n
ljhg]z
n'lDagL ljB't pBf]u k|f= ln= ,
u0fklt ag:klt pBf]u k\f= ln= sf]
;rf+ns / o'lge;{n 6]|l8Fu,
sf7df8f}+ sf] k|f]k|fO6/ ;d]tsf]
pBf]u, Jokf/ Joj;fosf]
sfof{g'ej .
;+rfnsx?sf] ljj/0f
l;=g+= gfd, 7]ufgf Kb pd]/
-jif{_
/fli6«otf z]o/ :jfldTj
-lsQf_
z}lIfs
of]Uotf
cg'ej
-k"j{ / xfn sfo{/t_
! >L ;'/]Gb| s'df/ uf]on cWoIf %% g]kfnL $^,$^,$)) lj=Pl:;=
d]sflgsn
OlGhlgo/
Plzog nfO{km O{G;'/]G;
sDkgL ln= sf] ;+rfns,
c/ljGb ODkf]l/od
k|f=ln= slknj:t' ,
:6f/nfO{d O{08li6|h k|f=
ln=,sf7df8f}+ ;d]tdf
;+rfns cWoIf, Pr=
cf/= uf]on u|'ksf]
sfo{sf/L ;+rfns /xL
@& jif{ eGbf a9L
ljleGg pBf]u, Jofkf/ /
14
;]jf Joj;fosf]
sfof{g'ej .
@ >L /3'gGbg df? ;+rfns $% g]kfnL !&,@*,%&! lj=sd= nIdL 6]Sgf]Knf:6 k|f=ln=,
6]g dfOqmf]G; g]kfn
k|f=ln=/ nIdL nfOd
k|f]8S6;, x]6f}8f
OG8li6«on Pl/of,
:6f/nfO{d O{08li6|h k|f=
ln=, sf7df8f}+df
;+rfns ;d]t eO{
ldg/n O08li6«df @%
jif{sf] sfof{g'ej . ;fy}
h]lj df? u|'k sf]
sfo{sf/L pkfWoIf .
# >L ;lGbk s'df/ zf/bf ;+rfns $^ g]kfnL !(,*$$)) lj=sd= kfof]lgo/ df]6f]sk{
k|f=ln=, yfkfynL,
sf7df08f}, sG;6«S;g
;f]n';g k|f=ln=,
yfkfynL, sf7df08f},
O{Gk|mf6]s k|f= ln=,
yfkfynL, sf7df08f},
P;lklh 6«]l8Ë k|f=ln=,
yfkynL, sf7df08f},
lk|ldo/ jfo;{ k|f=ln=,
lj/f6gu/, df]/Ë,
Go'l6«km'8\; k|f=ln=
lj/f6gu/, df]/Ëdf
;+rfns eO{ ;f/8f u|'k
cGtu{tsf] pBf]u /
Jofkf/ Joj;fodf @%
jif{sf] Joj:yfksLo
sfof{g'ej ;lxtsf]
cfj4tf tyf zf/8f
u|'kdf sfo{sf/L ;+rfns
eO{ sfof{g'ej .
$ >L cldt df]/ ;+rfns #$ g]kfnL !%,$*,*)) Pd=lj=P= u0fktL jg:ktL k|f=ln=,
lj/u+h sf] k"j{ ;+rfns
/xL !! jif{sf] ljleGg
pBf]udf sfo{fg'ej .
nSsL u|'k g]kfn k|f=
ln=df sfo{sf/L
Joj:yfkssf] sfof{g'ej
.
% >L /f]lxt u'Ktf ;+rfns #@ g]kfnL @$,@),))) Pd=P:;L=
kmfOgfG;
P08
Dofg]hd]06
6]ln6s k|f=ln=df
;+rfns cWoIf, b
l/ofN6;{ k|f= ln=
;+rfns Gf"Knfi6
O{08li6|h k|f= ln=af/fdf
;+rfns, nSsL u|'k
g]kfn k|f= ln=,
sf7df8f}+df ;+rfns,
o'lge;{n O{n]S6|f]sd
sf7df8f}+{df k|f]k|fO6/
u0fktL jg:ktL k|f=ln=,
15
lj/u+h sf] k"j{ ;+rfns,
sf] ?kdf cfj4 /xL
ljleGg pBf]u, Jokf/
If]qdf ( jif{sf]
sfof{g'ej /lx ljleGg
pBf]u, Jofkf/ Joj;fo
;d]tsf] sfof{g'ej .
-v_ ;+:yfksx? s'g} sDkgL÷;+:yf ePdf To:tf] sDkgL÷;+:yfsf] gfd tyf 7]ufgf ;lxtsf] ;+lIfKt ljj/0f (Profile) / pQm
sDkgL÷;+:yfsf ;+rfnsx?sf] gfd, 7]ufgf, -k|fs[lts AolQm gv'n];Dd_ M
gePsf] .
-u_ ;+ul7t ;+:yfsf] ;+rfnsx? cGo s'g} sDkgL, ;+:yf, sf]if, ;+u7g;Fu cfj4 eP To:tf] ;+rfns / cfj4 ePsf] ;+:yfsf] gfd, 7]ufgf
M
qm=;= ;+rfnssf] gfd, 7]ufgf cfa4 /x]sf] ;+:yfsf] gfd, 7]ufgf
! >L ;'/]Gb| s'df/ uf]on !_ Plzog nfO{km OG;'/]G; s+= ln= , sf7df8f}+ .
@_=c/ljGb ODkf]l/od k|f=ln=, s[i0fgu/, slknj:t'
#_=:6f/nfO{d O{08li6|h k|f= ln= , sf7df8f}+
@ >L /3'gGbg df? !_ nIdL 6]Sgf]Knf:6 k|f=ln=, x]6f}8f OG8li6«on Pl/of
@_ 6]g dfOqmf]G; g]kfn k|f=ln= x]6f}8f OG8li6«on Pl/of
#_ nIdL nfOd k|f]8S6;, x]6f}8f OG8li6«on Pl/of
$_ :6f/nfO{d O{08li6|h k|f= ln= , sf7df8f}+
# >L ;lGbk s'df/ zf/bf !_ kfolgo/ df]6f]sk{ k|f=ln=, yfkfynL, sf7df08f} .
@_ sG;6«S;g ;f]n';g k|f=ln=, yfkfynL, sf7df08f} .
#_ O{Gk|mf6]s k|f= ln=, yfkfynL, sf7df08f} .
$_ P;lklh 6«]l8Ë k|f=ln=, yfkynL, sf7df08f} .
%_ lk|ldo/ jfo/;{ k|f=ln=, lj/f6gu/, df]/Ë
^_ Go'l6«km'8\; k|f=ln= lj/f6gu/, df]/Ë
$ >L cldt df]/ !_ u0fktL jg:ktL k|f=ln=, lj/u+h
% >L /f]lxt u'Ktf !_ u0fktL jg:ktL k|f=ln= lj/u+h
@_ 6]ln6s k|f=ln=sf7df8f}+
#_= b l/oN6;{ k|f= ln= , nlntk'/
$_= g"Knfi6 O{08li6|h k|f= ln= af/f
%_= o'lge;{n O{n]S6|f]sd, sf7df8f}+
sDkgLsf] ;+rfns To:t} vfnsf] cGo sDkgLsf] ;+rfns gePsf] tyf sDkgL P]g @)^# sf] bkmf *( sf] pkbkmf -!_ -5_ sf]
kfngf ul/Psf] 5 .
-3_ ;+:yfks÷;+rfnssf] xs x:tfGt/0f aGb]h ;DaGwL ljj/0f M
-s_ sDkgLsf] z]o/ vl/b jf x:tfGt/0f ug{ jf lwtf]aGws /fVg ;+rfns ;ldltsf] :jLs[tL lng' kg]{5 . ;+rfns ;ldltsf] k"j{
:jLs[tL lagf ul/Psf] z]o/ vl/b jf x:tfGt/0f dfGo x']g 5}g .
-v_ ;j{;fwf/0f z]o/wgL ;d"x afx]s cGo ;d"x -;+:yfks / cGo ;d"x_ n] lnPsf] z]o/ ;+ul7t ;+:yfn] ;fj{hlgs lgisf;g u/]sf]
z]o/ afF8kmfF8 ePsf] ldltn] tLg jif{sf] cjlw k"/f geO{ laqmL ug{ kfO{g] 5}g .
u=%=v=;+:yfks÷;+rfns ;Fusf] sf/f]af/ M
-s_ ;+ul7t ;+:yfaf6 s'g} ;+:yfks÷;+rfnsn] k|ToIf jf ck|ToIf ?kdf s'g} j:t' jf ;'ljwf -cfly{s jf u}/cfly{s_ k|fKt u/]sf] jf k|fKt
ug]{ ePdf To:tf] j:t' jf ;'ljwfsf] k|s[lt / d"No / To:tf] ;'ljwf lbP afkt ;+ul7t ;+:yfn] s'g} ;DklQ, ;]jf k|fKt u/]sf] jf ug] {
ePdf tT;DaGwL ljj/0f M .
;+ul7t ;+:yfn] tn lbPsf] lgDg adf]lhd ;DalGwt ;+:yfx? ;+u sf/f]jf/ u/s]f 5 .
16
sDkgL ;DaGw sf/f]jf/ cf=j= @)&#÷&$ a:t' jf ;'ljwf
Dff]8g{ O{Gk|mf:6«Sr/ k|f= ln=
o; sDkgLsf z]o/ wgL >L
z'lzn u'Ktf ;f] sDkgLsf]
;~rfns /x]sf] / pQm
sDkgLdf !& k|ltzt z]o/
:jfldTj /x]sf] .
#!,^),*^,^^@.)& r'g9'+uf pTvgg\ tyf
9'jfgL sfo{
c/ljGb O{Dkf]l/od k|f= ln=
o; sDkgLsf cWoIf >L ;'/]Gb|
s'Dff/ uf]on ;f] sDkgLsf]
;~rfns cWoIf /x]sf] / pQm
sDkgLdf !)) k|ltzt z]o/
:jfldTj /x]sf] .
@(,&&,*$,($#.*@ l8h]n, lhK;d, cfO{/g cf]/
vl/b
g]zgn l;d]G6 k|f=
ln=kl/jlt{t ;Ktsf]zL l;d]G6
k|f= ln=
o; sDkgL sf z]o/ wgL
>LdtL k"gd uf]on ;f]
sDkgLsf] ;~rfns /x]sf] /
pQm sDkgLdf @% k|ltzt
z]o/ :jfldTj /x]sf] .
@&,^@,^@^.^& sf]O{nf vl/b
:6f/ nfO{d O{08li6«h k|f= ln=
o; sDkgLsf cWoIf >L ;'/]Gb|
s'df/ uf]on, ;~rfns >L
/3'gGbg df?, ;~rfns >L
;lGbk s'df/ zf/bf /
;~rfns >L cldt df]/sf] ;f]
sDkgLsf] qmdz cWoIf,
;~rfns / z]o/ wgL /x]sf] /
pQm sDkgLdf lghx?sf]
gfddf s|dzM @) %, !* %,
@)% / !& % k|ltzt z]o/
:jfldTj /x]sf]5 .
!,@),)),%(^.%@ r'g9'+uf vl/b
sG6«S;g ;f]n';g k|f= ln=
o; sDkgL sf ;~rfns >L
;lGbk s'df/ zf/bf ;f]
sDkgLsf] ;~rfns /x]sf] /
pQm sDkgLdf %) k|ltzt
z]o/ :jfldTj /x]sf] .
^!,($,))@.@# x]ljO{lSjd]06sf Kff6{k'hf{
vl/b
lk|ldo/ jfo;{ k|f= ln=
o; sDkgL sf ;~rfns >L
;lGbk s'df/ zf/bf ;f]
sDkgLsf] ;~rfns /x]sf] /
pQm sDkgLdf !^ k|ltzt
z]o/ :jfldTj /x]sf] .
@(,*!,&%).)) Tff/ vl/b
6]Sgf] hof Ho}n/L k|f= ln=
o; sDkgLsf z]o/ wgL >L
gGb lszf]/ d'Gb8f /
b]jlszg dG'b8f ;f] sDkgL
sf z]o/ wgL /x]sf] / pQm
sDkgLdf s|dzM ##.## /
##.## k|ltzt z]o/ :jfldTj
/x]sf] .
@^,^),%&*.)) laqmL :sLdsf] nflu Rf+fbL
vl/b
h]g]/]zg g]S:6 sDo'lgs]zg
k|f= ln=
o; sDkgLsf z]o/ wgL
>LdtL k|ef -uf]oGsf_
led;l/of ;f] sDkgLsf] z]o/
wgL /x]sf] / pQm sDkgLdf
k|ltzt z]o/ :jfldTj /x]sf] .
()!,#@&.$# sDKo"6/ vl/b
17
-v_ a'Fbf -s_ df pNn]lvt a:t' jf ;'ljwfsf] d"No lgwf{/0f ug{ ckgfOPsf] tl/sf
cGo k|lt:klw{ sDkgL jf ;]jf k|jfx ug{] ;+:yfx? ;d]taf6 lnOPsf] b/efp kq cg';f/ ahf/ d'No eGbf al9 gx'g] u/L u'0f:t/Lo
a:t'sf] vl/b tyf ;]jf lnPsf] 5 .
u=^=;Lldt bfloTj ;DaGwL ljj/0f M
o; sDkgL k|rlnt sDkgL sfg"g cGtu{t :yflkt tyf ;~rflnt klAns lnld6]8 sDkgL xf] . o;df z]o/wgLx?sf] bfloTj ;Lldt
5 . o; sDkgLsf] z]o/wgLsf] bfloTj lghn] vl/b u/]sf] jf vl/b ug{ saf]n u/]sf] z]o/sf] clwstd /sd;Dd dfq ;Lldt /xg]5 .
u=&=;+ul7t ;+:yfsf] sd{rf/L ;DaGwL hfgsf/L M
u=&=s=;+ul7t ;+:yfsf] pRr Aoa:yfksLo txsf clws[t sd{rf/Lx? ;DaGwL ljj/0f M
-s_ ;+ul7t ;+:yfsf] pRr Aoa:yfksLo txsf sd{rf/Lsf] gfd, of]Uotf, lgo'lQm ePsf] ldlt, klxn] u/]sf] sfdsf] cg'ej tyf ;+ul7t
;+:yfsf] z]o/ lnPsf] eP z]o/ ;+Vof ;DaGwL ljj/0f . ;fy} To:tf] sd{rf/Lx? cGo s'g} ;"lrs[t ;+ul7t ;+:yfsf] cfwf/e"t
z]o/wgL eP jf cGo s'g} ;+ul7t ;+:yfdf nufgL u/]sf] eP pQm ;+ul7t ;+:yfsf] gfd / nufgL u/]sf] /sd v'nfpg' kg]{ .
qm=;+= sd{rf/Lsf]
gfd
Kfb of]Uotf lgo'lQm ldlt sfof{g'ej z]o/ ;+Vof cGo s'g}
;+ul7t
;+:yfdf
u/]sf] nufgL
;"lrs[t
;+ul7t
;+:yfdf
cfwf/e't
z]o/wgL
! >L ;hg
b]jsf]6f
efO{;
k|]l;8]06
- ;]N;
P08
dfs]{l6Ë_
Pd=lj=P= @)&!.!@.)! afn lbIff ;bg xfOo/
;]s]08/L :s'ndf ^
jif{ lzIfs, g]i6n]
Ol08of ln=df ;]N;
clkm;/sf] ?kdf @
jif{, g]kfn lne/
ln=df ;]N; OGrfh{sf]
?kdf !=% jif{, j?0f
lje/]h g]kfn
k|f=ln=df ;]N;
Dofg]h/sf] ?kdf !=%
jif{, g]ljsf] k|f=ln=df
dfs]+l6Ë Dofg]h/sf]
?kdf ! jif{, rf}w/L
u|'k g]kfn k|f=ln=df
pkdxfk|jGwssf]
?kdf #=% jif{ tyf
dxfk|aGwssf] ?kdf
^=% jif{ tyf lzjd\
l;d]G6 lnld6]8df #
jif{ u/L hDdf @%
jif{sf] sfof{g'ej
gePsf] 5}g 5}g
@ lbks
d]yfgL
efO{;
k|]l;8]06
- vfgL
zfvf_
vfgL
OlGhlgol/
Ëdf
l8Knf]df
@)&@.!@.@@ cN6|f6]s l;d]G6,
ef/tdf !^ jif{,
>Ll;d]G6 pBf]u
ef/tdf ( jif{,
cDa'hf l;d]G6 pBf]u
ef/tdf $ jif{,
8f+uuf]6] l;d]G6 pBf]u
clk|msfdf @ jif{ ,
Pljlh l;d]G6 ef/t @
jif{ / lzjd l;d]G6;\
ln= @ jif{ u/L vlgh
sfo{;+u ;DalGwt
If]qdf #% jif{sf]
sfof{g'ej .
gePsf] 5}g 5}g
18
#= gjn lszf]/
rf}w/L
dxfk|jGws
-Knf06
ck/]zg_
lj=O{=
O{n]lS6|sn
@)^(.)*.@$ pbok'/ l;d]G6 pBf]u
ln= df ljleGg txdf
hDdf !( jif{ /
lzjd l;d]G6;\ ln= df
% jif{ u/L l;d]06
O08:6«Ldf @$ jif{sf]
sfof{g'ej .
gePsf] 5}g 5}g
$ ch{'g
zdz]/ /f0ff
k|d'v
-Sjfln6L
tyf
k|of]uzfnf_
lj=P:;L= @)&$.)^.)@
-k"gM lgo'lQm_
x]6f}+8f l;d]G6 pBf]u
ln=df Sjfln6L
k|d'vsf] ?kdf @% jif{
, df?tL l;d]G6
pBf]udf $ jif{ / /
o; cl3 lzjd
l;d]G6;\ ln= df % jif{
u/L hDdf #$ jif{sf]
sfof{g'ej .
5}g 5}g
% Hof]lt yfkf ljQ k|d'v rf68{
PsfpG6]0
6
@)&!.!@.!% rf}w/L u|'kdf
Psfp06; P08
kmfOgfG; Dofg]h/sf]
?kdf @ jif{ / lzjd\
l;d]G6;\ ln= df # jif{
u/L hDdf % jif{sf]
sfof{g'ej .
gePsf] 5}g 5}g
^ Dff]xg nfn
s0f{
jl/i7 pk
dxfk|jGws
-k|zf;g
tyf
hg;Dks{_
hgk|zf;
gdf
:gfts
@)^^.!).!) x]6f}+8f l;d]G6 pBf]u
ln= @& jif{, df?tL
l;d]G6 k|f= ln= df !
aif{ / lzjd l;d]G6;\
ln= df * jif{ u/L
hDdf df jleGg
pBf]udf #^ jif{sf]
sfof{g'ej .
gePsf] 5}g 5}g
& n]vgfy
cof{n
gfoj
dxfk|jGws
Pj+ sDkgL
;lrj
sfg"gdf
:gfts
@)&).!!.@( Hof]lt s]Gb|, a'6jndf
! aif{ n]vfkfn,
u08sL af]l8Ë :s'ndf
@ jif{ lk|lG;kn,
k|fljlws lzIff tyf
Joj;flos tflnd
kl/ifb, eQmk'/df ^
dlxgf k|zf;sLo
;xfos-kfFrf} tx_,
n'lDjgL ljlug;{
Ps]8dL, sf7df8f}+df
@ jif{ ;+:yfks
lzIfs, lgzfs' sDkgL
ln= nlntk'/df ! jif{
k|lzIfs, dfxf]/f]jf
a]s/L O{08li6|h k|f=
ln= , wfkf;Ldf @ jif{
sG;N6]06, uf]s0f{
lgdf{0f ;]jf k|f=
ln=sf7df8f}+df @ jif{
sG;N6]06, Kofs'/]n
P08 sDkgL, uf}zfnf,
sf7df8f}+df @ jif{
gePsf] 5}g 5}g
19
Joj:yfks, ;'ld
l8:6Lnl/h k|f=ln= df
!=% jif{ k|aGws, ;'ld
kmdf{So'l6sN;
k|f=ln=df ! jif{
k|aGws, ;'ld
l8:6Lnl/h k|f=ln=df
& jif{ al/i7 k|aGws,
tyf lzjd\ l;d]G6;
ln=df $ jif{ ul/
hDdf @^ jif{sf]
sfof{g'ej .
* lglvn
cu|jfn
k|f]h]S6 ;]N;
zfvf k|d'v
Pd=lj=P=
cWoog/t
@)^*.)$.!^ P;cf/ 8«U;
Nofjf]/6/Lh k|f=ln=df
kr]{h Dofg]h/sf]
?kdf $ jif{, x's'd
kmdf{So'l6sN;
k|f=ln=df sfo{;+rfng
k|d'vsf] ?kdf ! jif{,
Prcf/ uf]on u|'k df
dxfk|jGwssf] ?kdf @
jif{ tyf lzjd\
l;d]G6;\ lnld6]8df
^=% jif{ u/L hDdf
!$=%) jif{sf]
sfof{g'ej .
gePsf] 5}g 5}g
( lg/h
cu|jfn
jl/i7
k|aGws
-vl/b
zfvf_
Pd=lj=P= @)^*.!@.!! Kfmo"r/ Soflk6n P08
kmfOgfG; ;le{; k|f=
ln= ef/tdf ! jif{,
PGh]n a|f]lsFu k|f= ln=
ef/tdf @ / lzjd
l;d]06;\ ln=^ u/L (
jif{sf] sfof{g'ej .
gePsf] 5}g 5}g
-v_ ljj/0fkq af]8{df k|:t't ug{' eGbf ! aif{ cufl8sf] cjlwdf lgod cg';f/ cjsfz k|fKt ePsf] cj:yf afx]s ;+ul7t ;+:yfsf] pRr
Aoa:yfksLo txdf /x]sf s'g} sd{rf/L kl/jt{g ePdf ;f] ;DaGwL ljj/0f pNn]v ug'{ kg]{ M gePsf] .
-u_ sd{rf/L ;+Vof M :yfoL / c:yfoL .
:yfoL c:yfoL Hofnfbf/L s'n sd{rf/L ;+Vof
@$$ !*# !$( %&̂
u=&=v=;+rfns Pj+ pRr Aoa:yfksLo txsf clws[tnfO{ lbPsf] eQf tyf kfl/>lds ;DaGwL ljj/0f M
-s_ ;+rfns ;ldltsf] cWoIf nufot cGo ;b:ox?nfO{ k|bfg ul/g] jf ul/Psf] a}7s eQfsf] b/ tyf lghx?nfO{ k|bfg ul/g] jf
ul/Psf] b}lgs tyf e|d0f eQf tyf cGo ;'ljwf M
a}7s tyf e|d0f eQf afkt cGo s'g} ;'ljwf k|bfg gul/Psf] . ;+rfnsx?nfO{ k|bfg ul/Psf] kfl/>lds ljj/0f lgDg adf]lhd /x]sf]
5 .
l;=g+
=
gfd, 7]ufgf kb k|bfg ul/Psf] aflif{s kfl/>dLs
-@)&$.)&%_ ?=
! >L ;'/]Gb| s'df/ uf]on sfo{sf/L cWoIf $!,@#,)&&.#)
@ >L /3'gGbg df? ;+rfns $!,@#,)&&.#)
# >L ;lGbk s'df/ zf/bf ;+rfns $!,@#,)&&.#)
$ >L cldt df]/ ;+rfns $!,@#,)&&.#)
% >L /f]lxt u'Ktf ;+rfns 5}g .
20
;+ul7t ;+:yfsf] lgodfjnLsf] lgod #@ df ;~rfnssf] kfl/>lds, j}7s eQf, b}lgs eQf tyf cGo ;'ljwf ;fwf/0f ;efn] tf]s]
adf]lhd x'g]5 eGg] Joj:yf eP cg';f/ @)&@ sf] ;fwf/0f ;efaf6 lg0f{o u/fO{ sfo{sf/L cWoIf, / sfo{sf/L ;~rfnsx?sf]
kfl/>lds lgwf{/0f ul/Psf] 5 / ;f]xL ldlt b]lv nfu' x'g] u/L kfl/>lds k|bfg ul/Psf] xf] .
-v_ ;+ul7t ;+:yfsf] pRr Aoa:yfklso txsf tLg hgf clws[tx?sf] gfd / kb / Ps cfly{s aif{sf] cjlw leq pgLx?nfO{
kfl/>ldssf] ?kdf e'Qmfg ul/Psf] /sd M
l;=g+= sd{rf/Lsf] gfd Kfb Ps cfly{s aif{sf] cjlw
leq kfl/>ldssf] ?kdf
e'Qmfg ul/Psf] /sd
cf=a=)&$÷)&%
! >L ;fhg b]jsf]6f lelk -;]N; P08 dfs]{l6Ë_ #^,#$,$&@.#@
@ >L lbks d]yfgL lelk –-dfOG;_ @*,*^,)^^.))
#= >L gjn ls;f]/
rf}w/L
dxfk|jGws
-Knf06 ck/]zg_
!(,!$,@%!.))
$ >L Hof]lt yfkf ljQ k|d'v #),&^,^*#.)(
% >L Dff]xg nfn s0f{ jl/i7 pk dxfk|jGws
-k|zf;g tyf hg;Dks{_
!#,(),&(!.))
^ ch{'g zdz]/ /f0ff k|d'v
-Sjfln6L tyf k|of]uzfnf_
!$,*(,#!#.(*
& >L n]vgfy cof{n gfoj dxfk|jGws tyf
sDkgL ;lrj
@$,(*,@$(.))
* >L lglvn cu|jfn k|f]h]S6 ;]N; zfvf k|d'v #%,&^,$!(.$%
( >L lg/h cu|jfn al/i7 k|aGws
-vl/b zfvf_
#,))!,@%!.@)
-u_ s'g} clws[t jf ;+rfnsnfO{ eljiosf] nflu s'g} /sd k|bfg ul/g] u/L s/f/ ul/Psf] eP ;f] ;DaGwL ljj/0f M xfn ;Dd To:tf] s'g}
s/f/ ul/Psf] 5}g .
u=*=cGt{lglxt hf]vLd tyf ;f] df Joj:yfkgsf] nfuL Joj:yfkgsf] wf/0ff M
;+ul7t ;+:yfn] axg u/]sf] jf ug]{ hf]vLd :ki6 ?kdf pNn]v ug'{ kg]{ . o; ;Gbe{df hf]vLdx?nfO{ ;+ul7t ;+:yfsf] cfGtl/s jf
Joj;fo÷cfof]hgf;Fu k|ToIf cyjf ;+ul7t ;+:yfsf] lgoGq0f eGbf aflx/sf] egL alu{s/0f u/L k|d'v ?kdf b]xfosf] hf]vLdsf]
ljZn]if0f ug'{ kg]{ .
-s_ ljQLo ;fwgsf] cefjaf6 x'g] hf]vLd M
;~rfngdf cfO{;s]sf] x'bf pBf]u If]qdf ljlQo hf]lvd g/x]sf] .
b]zdf c;xh kl/l:ytL pTkGg eO{ pTkfbLt j:t'n] jhf/ k|fKt gu/]sf] cj:yfdf x'g] ;Sg] ljQLo hf]lvd.
;+:yfdf cfj4 z]o/wgLx?n] sa'n u/]sf] ;Dk'0f{ /sd k|fKt e} ;s]sf] / a}saf6 ;d]t C0f k|fKt ul/;s]sf]n] ljlQo
;fwgsf] cefjaf6 cGo hf]lvd gx'g] .
k"FhL j[l4 tyf Ifdtf clej[l4 u/L pTkfbgdf j[l4 u/fpg' kg]{ cj:yfdf x'g ;Sg] ljQLo cefjaf6 x'g ;Sg] hf]lvd
-v_ sRrf kbfy{sf] cefjaf6 x'g] hf]vLd M
l;d]G6 pBf]usf] nflu rflxg] r'g9'Ëf kfOg] If]qdf ck|Tofl;t ?kdf jftfj/0fLo kl/at{g e} r'g9'Ëf pTvgg sfo{df
;d:of pTkGg x'g uPdf x'g] hf]lvd .
pBf]unfO{ rflxg] cGo sRrf kbfy{x? sf]O{nf, cfO/gcf]/, sRrf kmnfd, df6f], lhk;d, cflb kbfy{x?sf] eljiodf cefj
x'g uPdf x'g] hf]lvd .
-u_ pTkfbg tyf ;]jfsf] ahf/ l:ylt / o;df cfpg] kl/jt{gaf6 x'g] hf]vLd M
b}lj k|sf]k of cGo c;fdfGo kl/l:ytL ;[hgf eO{ pTkflbt j:t'nfO{ jhf/ ;Dd k'¥ofpg g;lsg] kl/l:ytL ;[hgf x'g
uPdf u|fxsn] ljsNk vf]h]sf] cj:yfdf x'g ;Sg] hf]lvd
cGo l;d]G6 pBf]ux?n] ;d]t u'0f:t/LotfnfO{ j[l4 u/]sf] cj:yfdf k|ltikwf{n] pTkGg x'g ;Sg] hf]lvd
-3_ cfof]hgf ;DkGg x'g l9nfO{ x'g] ;Defjgf / To;af6 x'g] d"No clea[l4 (cost overrun) sf] hf]vLd M
pBf]u ;+rfngdf cfO;s]sf]n] pQm hf]lvd g/x]sf] .
21
-ª_ ljb]zL ljlgdosf] hf]lvd M pBf]usf nflu cfjZos kg{] sRrf kbfy{ sf]Onf blIf0f clk|msf nufotsf b]zx?af6 cd]l/sL
8n/df cfoft ul/g] x'+bf ljb]zL ljlgdo kl/jt{g ePdf To;sf] c;/ kg{ hfg] .
-r_ sfg"gL k|s[ofx? tyf O{hfht k|fKt ug'{ kg]{ eP ;f] af6 kg{ ;Sg] cj/f]wx? M
xfn ;+ul7t ;+:yfn] k"/f ug'{kg]{ ;Dk"0f{ sfg"gL k|lqmofx? k"/f ul/;s]sf] / k|fKt ug{'kg]{ ;Dk"0f{ Ohfhtkqx? k|fKt u/L
;s]sf]n] ;f] hf]lvd g/x]sf] .
-5_ If]qLos/0f / ljZjAofkLs/0f (Globalization) sf sf/0faf6 pTkGg x'g ;Sg] hf]vLd M
cGt/fli6«o ahf/df cfly{s tyf cGo s'g} klg lsl;dsf] dGbL gePsf]n] o:tf] hf]vd g/x]sf]] . tyf cGt/fli6«o ahf/df
cfly{s tyf cGo s'g} klg lsl;dsf] dGbL ePsf] cj:yfdf l;d]G6sf] d"No kl/jt{gdf x'g ;Sg] hf]lvd .
-h_ ;/sf/L gLlt tyf lgodx?df x'g] kl/jt{g tyf ljZjAofkL ?kdf x'g] gLltut kl/jt{gaf6 pTkGg x'g] hf]vLd M
s/, eG;f/, pks/0fx? cfoftdf s'g} klg lgltut kl/at{g ePdf tyf l5d]sL d'n'sx?af6 pTkfbg x'g] l;d]G6
cfoftdf s'g] lgtLut kl/jt{g x'g uPsf] cj:yfdf x'g] hf]lvd .
-em_ ;+rfng Oltxf;sf] cefj M
;+ul7t ;+:yf ;g\ @)^) df :yflkt eO{ l;d]G6 pTkfbg ub}{ cfPsf] tyf ;+ul7t ;+:yfdf /x]sf Joj:yfks tyf
;+rfnsx?;Fu pBf]u ;+rfng ;DjlGw nfdf] cg'ej /x]sf]n] pQm hf]lvd g/x]sf] .
-`_ k|ljlwsf] kl/jt{gaf6 x'g] ;Sg] hf]vLd M
;+ul7t ;+:yfn] xfn k|of]u ul//x]sf] k|ljlwx? o'/f]lkog :6\of08{sf] /x]sf] t/ ljZjJoflk ?kdf g} gofF k|ljlwx?sf] ljsf;
eO{ gof+ k|ljlw cg';f/ pTkfbg ug'{kg]{ cj:yfdf x'g] hf]lvd .
-6_ k'jf{wf/ lgdf{0fdf x'g] l9nfO{sf sf/0f x'g ;Sg] hf]lvd M
k'jf{wf/ ;DjlGw lgdf{0f ;DkGg e};s]sf]n] pQm hf]lvd g/x]sf] .
-7_ cGo M
b}la k|sf]k tyf sfa' aflx/sf] kl/:yLlt pTkGg eO r'g 9'Ëf pTvggdf x'g ;Sg] hf]lvd
e'sDk, af9L klx/f] h:tf sf/0fn] x'g] Iflt / o;jf6 pTkfbgdf kg]{ k|efjnfO{ Go"lgs/0fsf nflu kl/of]hgfsf] ;Dk"0f{
;DklQnfO{ vfDg] u/L ljdfsf] Joj:yf ul/Psf] 5 .
b]zsf] /fhg}lts cl:y/tfaf6 cfpg ;Sg] hf]lvdx? .
k'FhLahf/sf] cj:yfdf cfpg] ptf/ r9fjaf6 kg{ ;Sg] hf]lvdx? .
;Defljt cfly{s hf]lvdx?nfO{ Go"gLs/0f ug{ Joj:yfkgn] lgDg pkfox? cjnDjg ub}{ hfg]5 .
;Defljt hf]lvdx?nfO{ Go"gLs/0f ug]{ ;DaGwdf o; sDkgLn] b]xfosf pkofx? ckgfOPsf] 5 .
!_ sDkgLn] ljt/ssf] lgo'QmL sfg"g adf]lhdsf] s/f/ ;Demf}tf ul/ lgo'Qm ug{] ul/Psf] / ljt/sx?nfO{ pwf/f]df ;fdfg ljqmL
ubf{ x'g ;Sg] hf]lvdnfO{ Wofgdf /fvL] sd{lzon a}+sx?af6 sDkgLsf] kIfdf hf/L x'g] a}+s Uof/]06L lnO{ a}+s Uof/]06Lsf] l;df
leq /lx sf/f]jf/ ul/ cfPsf] x'+bf ljqmL u/]sf] / s]lx u|fxsx?;Fu pwf/f]df ljn hf/L ug'{ k"j{ sDkgLsf] gfddf lvlrPsf] r]s
k|fKt u/]kl5 dfq ;fdfg nf]8 ul/ k7fpg] Joj:yf ldnfO ljqmL ePsf] ;fdfgsf] /sd k|fKt gx'g] hf]lvd Go"lgs/0f ul/Psf] .
@_ sDkgLn] kl/of]hgf cg'?k a}+s shf{ ;'ljwf lnO{ k|of]u ul/ sDkgL ;+rfngdf ;d]t /x]sf] x'+bf a}+s shf{ pknJw x'g
g;s]sf sf/0f yk cfly{s hf]lvd gcfpg] Joj:yf ldnfOPsf] . Jofhb/ a[l4af6 x'g ;Sg] yk cfly{s hf]lvdnfO{ sDkgLn]
Jofh vr{ ;d]t pTkfbg nfutdf u0fgf ul/ a:t'sf] pTkfbg nfut lgsfnL d"gfkmf ;d]t hf]8L ljqmL d"No to ul/g] lglt
cjnDjg ul/Psf sf/0faf6 yk hf]lvd yk hf]lvd Go'lgs/0f ul/Psf] . ljb]zL ljlgdosf] b/df x'g] kl/jt{gaf6 kg{ hfg]
k|efj o; k|s[ltsf ;a} pBf]udf /xg] x'+bf s'g} kl/of]hgf ljz]ifsf nflu dfq} gsf/fTds k|efj gkg{] . sDkgLn] h8fg tyf
k|of]u u/]sf] k|ljlw cTofw'lgs k|ljlwo'Qm /x]sf]n] tTsfn k|ljlwsf] kl/jt{gaf6 kg{ hfg] hf]lvd Go"g /x]sf] .
#_= pBf]usf] cfjZostfg';f/ pBf]usf nflu cfjZos kg{] d"Vo sRrf kbfy{ r'g9'+ufsf] pknJwtf x'g] u/L g]kfn ;/sf/af6
sDkgLn] k|fKt u/]sf vfgLx?sf cg'dlt If]qdf k|r'/ dfqfdf r'g9'+uf /x]sf] Joxf]/f k|fljlws ljZn]if0fx?af6 ;d]t k'li6 u/fO{
hf]lv Go"lgs/0f ul/Psf] .
22
$_=e/v/} lgjf{lrt ;/sf/sf] d"Vo gLlt g} :jb]zL sRrf kbfy{df cfwfl/t nufotsf pBf]ux?sf] :yfkgf, ljsf; / lj:tf/ u/L
b]zdf cfly{s ljsf; ug{] eGg] pB]Zo /x]sf] pBf]u d}qL jftfj/0f sfod ug{ k|ltj4 /x]sf] b]lvPsf] tyf b]zdf ax'dt k|fKt
Pp6} bnsf] ;/sf/ /x]sf] / cfufdL % jif{;Dd /fhlgtLs cl:y/tfaf6 s'g} hf]lvd l;h{gf x'g ;Sg] ;Defjgf Go"g /x]sf] .
%_= lwtf]kq ahf/df x'g] s/f]jf/sf] ptf/ r9fj / k|efjsf sf/0f x'g ;Sg] hf]lvdnfO{ nufgLstf{ :jodn] ljZn]if0f u/L nufgL
ug'{ pko'Qm x'g] .
^_ k|To]s ;jf/Lsf ;fwgx? nufot d]lzg/L kf6{k'hf{, KnfG6 pBf]u nufot ejgx?, sfdbf/, sd{rf/Lx?sf] aLdf u/fPsf] 5 .
hf]lvd Go"lgs/0fsf nflu sDkgLn] u/]sf ljdfx? ;DjlGw ljj/0f tklzn adf]lhd /x]sf] 5 .
ljdf ;DjlGw ljj/0f ljdfÍ /sd ? ljdf ul/Psf] sDkgLsf] gfd
d]l;g/L a|]s8fpg OlSjkd]06 OG:of]/]G; 69,89,57,168 lzv/ OG:of]/]G; sDkgL lnld6]8 / l;4fy{
OG:of]/]G; sDkgL lnld6]8
:6s OG:of]/]g; 25,18,00,000 lzv/ OG:of]/]G; sDkgL lnld6]8= /
l;4fy{ OG:of]/]G; sDkgL lnld6]8
pBf]u cfunfuL ljdf
5,41,59,98,623
lzv/ OG:of]/]G; sDkgL lnld6]8= /
l;4fy{ OG:of]/]G; sDkgL lnld6]8
x]lj O{lSjkd]06, 9'jfgLsf ;fwfgx/sf]
ljdf
13,75,51,950
cf]l/oG6n OG;'/]G; sDkgL ln= / lzv/
OG:of]/]G; sDkgL lnld6]8
df]6/ sf/, lhk, Eofg / df]6/ ;fOsn
ljdf
8,85,09,615 cf]l/oG6n OG;'/]G; sDkgL ln=;d]t
sfdbf/ sd{rf/L ;fd"lxs b'3{6gf ljdf
31,84,00,000
cf]l/oG6n OG;'/]G; sDkgL ln=
sfdbf/ sd{rf/L :jf:yo ljdf 3,90,00,000
lzv/ OG;'/]G; sDkgL ln=
sfdbf/, sd{rf/L hLjg ljdf 6,80,00,000 g]kfn nfO{km OG;'/]G; s+= ln=
hDdf ljdfÍ /sd 7,01,82,17,356
lwtf]kq d"No kl/jt{g ;DalGw hf]lvd M
?=!))÷—k|lt z]o/sf b/n] lgisfzgdf pBf]u k|efljt If]qsf jfl;Gbfx?sf] nflu lk|ldod ? !))÷— yk ul/ k|lt z]o/ ?
@))÷— sfod ul/Psf] tyf ;j{;fwf/0fsf] nflu ?=!))÷—k|lt z]o/sf b/n] lgisfzgdf lk|ldod ? @))÷— yk ul/ k|lt
z]o/ ? #))÷— sfod ul/Psf] z]o/ d"Non] ;"rLs/0f kZrft\ g]kfn :6s PS;r]Gh lnld6]8df x'g] sf/f]jf/ d"No ghgfpg]
ePsf]n] z]o/ d"Nodf x'g ;Sg] kl/jt{gsf] hf]lvd /x]sf] 5 .
u=(= ljQLo ljj/0f M
u=(=s= ljQLo ljj/0f / tT;DaGwdf Joj:yfkgsf] wf/0ff / ljZn]if0f M
-s_ ;+ul7t ;+:yfsf] n]vfk/LIf0f ePsf] kl5Nnf] cfly{s jif{sf] jf;nft, gfkmf-gf]S;fg lx;fa, gfkmf-gf]S;fg lx;fa afF8kmfF6,
gub k|jfx ljj/0f M o; sDkgLsf] cf=a=@)&$÷)&% sf] n]vfkl/If0f ePsf] jf;nft, gfkmf—gf]S;fg lx;fa tyf gfkmf—
gf]S;fg afF8kmfF6 lx;fa vftfsf] oyfy{ ¿k/]vf o; k|sf/ 5 M
jf;nft -@)&% cfiff9 d;fGt_
?= xhf/df
;DklQ cf=a= 2074÷75
lb3{sflng ;DklQ
:yL/ ;DklQ 4,649,081
nufgL 3,365,703
:yug s/ ;DklQ 3,657
hDdf lb3{sflng ;DklQ 8,018,441
23
rfn' ;DklQ
gub tyf a}+s df}Hbft 94,994
df}Hbft 2,259,430
ljljw cf;fdL 1,218,773
w/f}6L tyf k]ZsL 1,171,763
hDdf rfn' ;DklQ 4,744,959
s'n ;DklQ 12,763,400
k"FhL tyf bfloTj cf=a= 2074÷75
z]o/ k"FhL
z]o/ k"FhL 3,872,000
hu]8f sf]if 2,385,424
hDdf z]o/ k"FhL 6,257,424
C0f tyf ;fk6L
s_ lb3{sflng C0f 2,484,011
rfn' bfloTj
cNksfnLg C0f 1,813,691
lalaw ;fx' 960,966
cGo rfn' bfloTj 1,247,308
hDdf rfn' bfloTj 4,021,965
s'n bfloTj 12,763,400
gfkmf gf]S;fg lx;fj -@)&% cfiff9 d;fGt_
?= xhf/df
cf=a= 2074÷75
!= ljqmLaf6 cfDbfgL 10,265,064
@= lalqmsf] k/n d'No 6,817,314
#= v'b d'gfkmf 3,447,750
$= cGo cfDbfgL 6,968
%= cGo vr{
;+rfng vr{ 167,623
lalqm tyf ljt/0f vr{ 657,192
x|f; vr{ 675,952
Jofh vr{ 366,875
^= s'n vr{ 1,867,642
24
&= ;Dk"0f{ sf/f]jf/ ;dfj]z kl5sf] v'b gfkmf 1,587,077
*=sd{rf/L af]g; Joj:yf 144,280
(= ;Dk"0f{ sf/f]jf/ / sd{rf/L af]g; ;dfj]z kl5sf]
v'b gfkmf 1,442,797
;+:yfut ;fdflhs pQ/bfloTj Joj:yf 14,428
!)= cfos/ Aoa:yf cl3 sf] v'b gfkmf 1,428,369
!!=cfos/ Aoa:yf 285,094
o; jif{sf] 264,159
:yug s/ cfDbfgL ÷ -vr{_ 20,935
v'b d'gfkmf÷-gf]]S;fg_ 1,143,275
gub k|jfx ljj/0f -@)&% cfiff9 d;fGt_ ?= xhf/df
ljj/0f
cf=a= 2074÷75
s_ sf/f]af/ ;~rfngaf6 gub k|jfx 2,303,391
cfos/k'j{sf] v'b d'gfkmf 1,143,275
hf]8M x|f; sl§ 675,952
hf]8M Aofh e'QmfgL 250,051
hf]8M l:y/ ;Dkltdf lalqmaf6 gfkmf-gf]S;fg_ -
hf]8M ljut aif{sf] cfDbfgL 13,970
hf]8M :yug s/ 20,935
sfo{ut k"FhL ultljlw clwsf] gub k|jfx 2,104,183
;~rfng ;DalGw rfn' ;Dkltdf sdL÷-a[l4_ 199,208
v_ nufgL sf/f]af/df gub k|jfx -3,220,829
bL3{sfnLg nufgLdf sdL÷-a[l4_ -2,089,703
l:y/ ;Dkltdf vl/b -1,134,908
l:y/ ;Dkltdf lalqm 3,782
u_ ljQLo sf/f]af/af6 gub k|jfx 991,838
bL3{sfnLg C0f -a08, l8a]~r/ cflb_ df a[l4÷-sdL_ 133,139
z]o/ kF"hLdf a[l4÷-sdL_ 1,372,000
Aofh e'QmfgL -250,051
nfefz+ e'QmfgL -263,250
3_ gub tyf a}+s df}Hbftsf] ljlgdo b/df ePsf] km/saf6
cfDbfgL÷vr{
ª_ o; jif{sf] ;Dk"0f{ ultljlwaf6 gub k|jfx 74,400
r_ gub tyf a}+sdf /x]sf] z'?sf] df}Hbft 20,594
5_ gub tyf a}+sdf /x]sf] clGtd df}Hbft 94,994
25
-v_ ;~rfng cjlw tLg jif{ JotLt e};s]sf] cj:yfdf ljut tLg jif{sf] / tLg jif{ JotLt e}g;s]sf] cj:yfdf ;+rfng
cjlwe/sf] n]vfk/LIf0f ePsf] gfkmf gf]S;fg, jf;nft ;lxtsf] ;+lIfKt ljQLo ljj/0f -;xfos sDkgL eP ;dli6s[t ?kdf_M
jf;nft
?= xhf/df
;DklQ cf=a=
2072÷73
cf=a=
2073÷74
cf=a=
2074÷75
lb3{sflng ;DklQ
:yL/ ;DklQ 3,366,624 4,193,907 4,649,081
nufgL 880 1,276,000 3,365,703
:yug s/ ;DklQ 26,004 24,592 3,657
hDdf lb3{sflng ;DklQ 3,393,508 5,494,499 8,018,441
rfn' ;DklQ
gub tyf a}+s df}Hbft 63,261 20,594 94,994
df}Hbft 1,139,777 1,604,113 2,259,430
ljljw cf;fdL 604,725 918,551 1,218,773
w/f}6L tyf k]ZsL 957,508 507,612 1,171,763
hDdf rfn' ;DklQ 2,765,271 3,050,870 4,744,959
s'n ;DklQ 6,158,779 8,545,370 12,763,400
k"FhL tyf bfloTj cf=a=
2072÷73
cf=a=
2073÷74
cf=a=
2074÷75
z]o/ k"FhL
z]o/ k"FhL 2,000,000 2,500,000 3,872,000
sn O{g P8efG; 82,940 0 0
hu]8f sf]if 890,657 1,491,429 2,385,424
hDdf z]o/ k"FhL 2,973,597 3,991,429 6,257,424
C0f tyf ;fk6L
s_ lb3{sflng C0f 1,516,833 2,350,872 2,484,011
rfn' bfloTj
cNksfnLg C0f 602,823 875,998 1,813,691
lalaw ;fx' 474,457 664,736 960,966
cGo rfn' bfloTj 591,070 662,335 1,247,308
hDdf rfn' bfloTj 1,668,349 2,203,069 4,021,965
s'n bfloTj 6,158,779 8,545,370 12,763,400
26
gfkmf gf]S;fg lx;fj
?= xhf/df
cf=a=
2072÷73
cf=a=
2073÷74
cf=a=
2074÷75
!= ljqmLaf6 cfDbfgL 5,768,932 7,363,684 10,265,064
@= lalqmsf] k/n d'No 3,736,626 4,907,031 6,817,314
#= v'b d'gfkmf 2,032,306 2,456,653 3,447,750
$= cGo cfDbfgL 15,165 16,484 6,968
%= cGo vr{
;+rfng vr{ 118,799 147,335 167,623
lalqm tyf ljt/0f vr{ 338,102 363,464 657,192
x|f; vr{ 419,082 703,145 675,952
Jofh vr{ 175,480 206,172 366,875
^= s'n vr{ 1,051,463 1,420,115 1,867,642
&= ;Dk"0f{ sf/f]jf/ ;dfj]z kl5sf] v'b gfkmf 996,009 1,053,022 1,587,077
*=sd{rf/L af]g; Joj:yf 34,979 42,000 144,280
(= ;Dk"0f{ sf/f]jf/ / sd{rf/L af]g; ;dfj]z kl5sf] v'b
gfkmf 961,030 1,011,022 1,442,797
;+:yfut ;fdflhs pQ/bfloTj Joj:yf 0 10,110 14,428
!)= cfos/ Aoa:yf cl3 sf] v'b gfkmf 961,030 1,000,911 1,428,369
!!=cfos/ Aoa:yf 183,210 189,539 285,094
o; jif{sf] 178,119 188,127 264,159
:yug s/ cfDbfgL ÷ -vr{_ 5,091 1,411 20,935
v'b d'gfkmf÷-gf]]S;fg_ 777,820 811,373 1,143,275
-u_ cfly{s aif{ ;dfKt ePsf] ^ dlxgf kZrft ljj/0fkq :jLs[tLsf] nfuL k]z u/]df pQm cGtl/d cjlwsf] nflu
n]vfkl/Ifsaf6 k|dfl0ft u/]sf] ckl/is[t ljlQo ljj/0f M
-3_ cfDbfgL / vr{ lx;fjsf] s'g} zLif{sdf 7'nf] dfqfdf kl/jt{g ePdf To;sf] ljZn]if0ffTds sf/0f M ;f] gePsf] .
-ª_ kl5Nnf] ljQLo ljj/0fsf] n]vfk/LIf0f eP kZrft ;+ul7t ;+:yfsf] sf/f]af/, gfkmf gf]S;fg, ;DklQsf] d'No jf cfufdL !@
dlxgfsf] bfloTj e'QmfgLdf c;/ kg]{ u/L s'g} cj:yf l;h{gf ePsf] 5÷5}g ;f] ;DaGwdf ;+rfnsx?sf] wf/0ff M ;f]
gePsf] .
-r cfly{s jif{ ;dfKt ePkl5 ljj/0fkq k]z u/]df, cfly{s jif{ ;dfKt ePsf] ldltaf6 k]z ePsf] ldlt;Dddf jf;nftsf]
ldlt kl5sf] 36gfsf] jf/]df 5'§} hfgsf/L ljj/0fkqdf ;dfj]z ug'{kg] { M ;f] gePsf] .
-5_ ljut % jif{df ;DklQsf] k'gd"{Nof+sg ul/Psf] 5÷5}g, olb ul/Psf] eP -c_ ;DklQsf] ljj/0f -cf_ ;DklQsf] k'gd"{Nof+sg
cl3 / kl5sf] lstfjL d"No -O{_ k'gd"{Nof+sgsf] cf}lrTo M ;f] gePsf] .
-h_ cfufdL tLg jif{sf] k|If]lkt jf;nft, gfkmf gf]S;fg lx;fasf ;fy} To;sf u0fgfsf] cfwf/x? M sDkgLsf] cfufdL # cfly{s
jif{sf] nflu k|If]lkt ljQLo l:ylt b]xfo adf]lhd /x]sf] 5 M
27
jf;nft -k|If]lkt _
?= xhf/df
;DklQ cf=a= 2075÷76 cf=a= 2076÷77 cf=a= 2077÷78
lb3{sflng ;DklQ
:yL/ ;DklQ 4,039,991 3,532,996 3,115,531
nufgL 3,365,703 3,365,703 3,365,703
:yug s/ ;DklQ 13,833 10,375 7,781
hDdf lb3{sflng ;DklQ 7,419,527 6,909,074 6,489,015
rfn' ;DklQ
gub tyf a}+s df}Hbft 174,447 556,409 1,858,183
df}Hbft 2,323,795 2,365,930 2,448,712
ljljw cf;fdL 1,671,140 1,926,315 1,972,598
w/f}6L tyf k]ZsL 991,633 1,115,259 1,205,379
hDdf rfn' ;DklQ 5,161,016 5,963,913 7,484,871
s'n ;DklQ 12,580,543 12,872,986 13,973,886
k"FhL tyf bfloTj cf=a= 2075÷76 cf=a= 2076÷77 cf=a= 2077÷78
z]o/ k"FhL
z]o/ k"FhL 4,400,000 4,400,000 4,400,000
hu]8f sf]if 3,140,820 4,332,247 5,555,037
k|lte"lt k|Lldod 968,000 968,000 968,000
hDdf z]o/ k"FhL 8,508,820 9,700,247 10,923,037
C0f tyf ;fk6L
s_ lb3{sflng C0f 1,622,694 1,271,452 935,646
rfn' bfloTj
cNksfnLg C0f 808,900 0 0
lalaw ;fx' 804,331 884,764 973,240
cGo rfn' bfloTj 835,798 1,016,524 1,141,963
hDdf rfn' bfloTj 2,449,029 1,901,288 2,115,203
s'n bfloTj 12,580,543 12,872,986 13,973,886
28
gfkmf gf]S;fg lx;fj -k|If]lkt _
?= xhf/df
k|If]lkt -?= xhf/df_
cf=a= 2075÷76 cf=a= 2076÷77 cf=a= 2077÷78
!= ljqmLaf6 cfDbfgL 10,938,373 12,608,609 12,911,549
@= lalqmsf] k/n d'No 7,247,328 8,367,633 8,351,179
#= v'b d'gfkmf 3,691,045 4,240,976 4,560,370
$= cGo cfDbfgL 18,174 19,082 20,037
%= cGo vr{
;+rfng vr{ 230,274 288,476 361,848
lalqm tyf ljt/0f vr{ 636,867 725,973 761,358
x|f; vr{ 663,039 551,995 462,465
Jofh vr{ 378,271 174,635 135,572
^= s'n vr{ 1,908,451 1,741,079 1,721,243
&= ;Dk"0f{ sf/f]jf/ ;dfj]z kl5sf] v'b gfkmf 1,800,768 2,518,979 2,859,164
*=sd{rf/L af]g; Joj:yf 163,706 228,998 259,924
(= ;Dk"0f{ sf/f]jf/ / sd{rf/L af]g; ;dfj]z kl5sf]
v'b gfkmf 1,637,061 2,289,981 2,599,240
;+:yfut ;fdflhs pQ/bfloTj Joj:yf 16,371 22,900 25,992
!)= cfos/ Aoa:yf cl3 sf] v'b gfkmf 1,620,691 2,267,082 2,573,247
!!=cfos/ Aoa:yf
o; jif{sf] 294,671 412,197 467,863
:yug s/ cfDbfgL ÷ -vr{_ -10,176_ 3,458 2,594
v'b d'gfkmf÷-gf]]S;fg_ 1,336,196 1,851,427 2,102,791
ljQLo k|If]k0fsf cfwf/x?sf] cf}lrTo k'li6 x'g] ljj/0f b]xfo adf]lhd /x]sf] 5 M
ljj/0f cf=a=
2074÷75
cf=a=
2075÷76
cf=a=
2076÷77
!= s'n cfodf cf}ift a[l4b/ -k|ltztdf_ 39.18 6.66 15.25
@= s'n vr{df cf}ift a[l4b/ -k|ltztdf_ 37.26 5.42 10.41
#= ;+rfng vr{ tyf s'n cfDbfgL cg'kft -k|ltztdf_ 1.63 2.10 2.28
$= v'b d'gfkmfdf cf}ift a[l4b/ -k|ltztdf_ 40.91 16.87 38.56
%= cfos/ Aoj:yf -k|ltztdf_ 18.00 18.00 18.00
k|lt z]o/ cfDbfgL 29.53 30.37 42.08
cGo ;+rfng vr{sf j[l4b/ 13.77 37.38 25.27
Return on Equity (Incl Reserves) 18.27 17.72 21.20
Return on Assets 8.96 10.62 14.38
29
! ljqmL cfDbfgL
;+:yfn] cfly{s aif{ @)&@–&# sf] c;f/ d;fGtb]lv cfly{s aif{ @)&#–&$ sf] c;f9 d;fGt;Dd s'n lalqmaf6 x'g]
cfDbfgLdf @&=^$ k|ltzt sf] j[l4 u/]sf] / cfly{s aif{ @)&$–&% sf] c;f/ d;fGt;Dd #(=$) / cf=j=
@)&%÷)&^, cf=j= &^÷)&& / cf=j= &&÷)&* df qmdzM ^=%^, !%=@& / @=$) k|ltztsf] j[l4 kIf]k0f ul/Psf] 5 .
@ vr{x?
To;}ul/ s'n vr{df cfly{s aif{ @)&%–&^ @)&^–&& / @)&&–&* df qmdz %=$@, !)=$! / –)=#^ k|ltztn] j[l4 x'g]
x'g] cg'dfg ul/Psf] 5 .
# cfDbfgL
sDklgsf] v'b d'gfkmfdf cfly{s aif{ @)&%–&^ @)&^–&& / @)&&–&* df qmdz hDdf !^=*&, #*=%^ /
!#=%* k|ltztsf] j[l4 cg'dfg ul/Psf] 5 .
$ ;+rfng gfkmfsf] !) k|ltzt /sd sd{rf/L jf]g; Joj:yfsf] nfuL 5'6\ofOPsf]5 .
5 cfpbf] aif{x?df ;+:yfn] ug]{ s'n cfodf !* k|ltzt sf] b/n] cfos/sf] Joj:yf ul/Psf] 5 .
6 To;}ul/ ;+:yfn] ug]{ s'n ;+rfng cfosf] ! k|ltzt sf] /sd ;fdflhs pQ/bfloTjsf] nfuL 5'6\ofO{Psf] 5 .
7 ;fy} ;+:yfsf] k|ltz]o/ g]6jy{ ?= !(#.#*, @@)=$^, @$*=@% /xg] cg'dfg ul/Psf] 5 .
u=(=v=ljQLo cg'kft ;DaGwL ljj/0f M
-s_ ;~rfng cjlw tLg aif{ AotLt e};s]sf] cj:yfdf ljut tLg aif{sf] / tLg aif{ AotLt e}g;s]sf] cj:yfdf ;~rfng cjlwsf]
tyf cfufdL tLg aif{sf] k|If]lkt k|lt z]o/ cfDbfgL (EPS) tyf k|lt z]o/ g]6jy{ M
ljj/0f
jf:tljs -?= xhf/df_ k|If]lkt -?= xhf/df_
cf=a=
2072÷73
cf=a=
2073÷74
cf=a=
2074÷75
cf=a=
2075÷76
cf=a=
2076÷77
cf=a=
2077÷78
k|lt z]o/ g]^jy{ -?=_ 144.53 159.66 161.61 193.38 220.46 248.25
k|lt z]o/ cfDbfgL -?=_ 38.89 32.45 29.53 30.37 42.08 47.79
k|lt z]o/ gub nfef+; -?=_ 10.53 10.53 15.00 15.00 20.00 20.00
sDkgLsf] g]6jy{ tyf k|lt z]o/ cfDbfgLdf ePsf] jf:tljs tyf k|If]lkt cf};t k|ltkmn b]xfo adf]lhd /x]sf]5 M
-?= xhf/df_
jf:tljs k|If]lkt
cf=a=
2072÷73
cf=a=
2073÷74
cf=a=
2074÷75
cf=a=
2075÷76
cf=a=
2076÷77
cf=a=
2077÷78
r'Qmf k'+hL 2,000,000 2,500,000 3,872,000 4,400,000 4,400,000 4,400,000
hu]*f tyf sf]ifx? 890,657 1,491,429 2,385,424 4,108,820 5,300,247 6,523,037
s'n g]^jy{ 2,890,657 3,991,429 6,257,424 8,508,820 9,700,247 10,923,037
z]o/ ;+Vof -xhf/df_ 20,000 25,000 38,720 44,000 44,000 44,000
k|lt z]o/ g]^jy{ -?=_ 144.53 159.66 161.61 193.38 220.46 248.25
k|lt z]o/ r'Qmf k'+hL 100 100 100 100 100 100
g]^jy{df cf};t k|ltkmn 26.91 20.33 18.27 15.70 19.09 19.25
lgisfzg k"j{sf] k|lt z]o/ cfDbfgL (EPS) sfod /fVg j[l$ x"g]
g]^jy{df cfjZos Go"gtd k|ltkmn k|ltztdf
19.15
-v_ ljut # aif{sf] g]6jy{df ePsf] cf};t k|ltkmn M@!.*$
sDkgLsf] ljlQo ljj/0f k|If]k0f ljut aif{sf] sf/f]af/sf] cfwf/df lgisfzg sDkgLn] tof/ u/]sf] xf] . pQm ljlQo k|If]k0fsf] cfwf/x?
tyf tl/sf k'g/fjnf]sg u/L l7s 5 elg >L cf/ s] P; P08 P;f]l;o6\;sf rf6{8{ Psfp06]06 >L /fh]z s'df/ zfx tyf sDkgLsf
n]vf k/LIfs rf6{8{ Psfp06]06 >L kf?n s]l8ofn] k|dfl0ft ug'{ ePsf] xf] .
30
u=!)= lwtf]kq lgisfzg ;DaGwL ljj/0f M
u=!)=s= lwtf]kq hf/L ug'{sf] p2]Zo M
sDkgLsf] k|aGwkq tyf lgodfjnLdf ePsf] Joj:yf cg';f/ sDkgLn] cfkm\gf] hf/L k"FhL ?= $,$),)),)),)))÷—-cIf/]kL rf/
cj{ rfln; s/f]8 dfq_ sf] !@ k|ltzt z]o/ ;j{;fwf/0fx?df lgisfzg ug{ ;lsg] x'Fbf %@,*),))) lsQf z]o/ - $$,)),)))
lsQf z]o/ ;j{;fwf/0fsf] nflu tyf *,*),))) lsQf z]o/ pBf]u k|efljt If]qsf jfl;Gbfx?sf lgldQ lgisfzg ;lxt hDdf
%@,*),))) lsQf z]o/_ of] ljj/0fkq dfkm{t lwtf]kq lgisfzg ug{ nfluPsf] xf] . ;j{;fwf/0fdf z]o/ hf/L u/L ;+ul7t
;+:yfdf ;j{;fwf/0f z]o/wgLx?sf] tkm{af6 ;d]t k|ltlglwTj u/fpg] p2]Zon] z]o/ hf/L ug{ nfluPsf] xf] .
u=!)=v= lwtf]kq lgisfzgaf6 k|fKt k'FhLsf] pkof]u M
-s_ lgisfzgaf6 k|fKt x'g] s"n /sdnfO{ s;/L / s'g If]qdf k|of]u ul/g]5 tt\ ;DaGwL ljj/0f M sDkgLn] cfkm\gf] hf/L
k"FhL ?= $,$),)),)),)))÷—-cIf/]kL rf/ cj{ rfln; s/f]8 dfq_ sf] !@% cyf{t ?= %@,*),)),)))÷—-cIf]/]kL afpGg
s/f]8 c;L nfv_ dWo] ?=$$,)),)),)))÷– /sd a/fa/sf] ?=!))÷— c+lst b/df lk|ldod /sd ? @))÷– yk ul/ k|lt
z]o/ ? #))÷– c+lst b/n] $$,)),))) lsQf z]o/ / ?= *,*),)),)))÷– a/fa/sf] ? !))÷– c+lst b/df lk|ldod
/sd ? !))÷– yk ul/ k|lt z]o/ ? @))÷– c+lst b/n] *,*),))) lsQf z]o/ pBf]u k|efljt If]qsf jfl;Gbfsf lgldQ
lgisfzg ul/ k|fKt /sd a}+saf6 lnOPsf] shf{ r'Qmf ug{ tyf pTkfbg ljljlws/0f ug{ / pBf]usf] Ifdtf lj:tf/ ug{]
bl3{sflng of]hgf /x]sf] 5 . cfof]hgf k|efljt If]qsf jfl;Gbfx?af6 lk|ldod ;lxt ;+sng ePsf] /sd ?
!&,^),)),)))÷– tyf tyf ;j{;fwf/0fx?af6 lk|ldod ;lxt ;+sng ePsf] /sd ? !,#@,)),)),)))÷– u/L hDdf /sd
? !,$(,^),)),)))÷– ljleGg a}+saf6 lnOPsf] shf{ r'Qmf ug{ pkof]u ul/g]5 . h;sf] lj:t[t ljj/0f lgDg cg';f/
v'nfOPsf] 5 .
lgisfzgaf6 k|fKt x'g] /sd k|of]u ul/g] If]q 5'§fOPsf] /sd ? s}lkmot
a}+saf6 lnOPsf] shf{ r'Qmf ug{ !,$(,^),)),)))÷
pTkfbg ljljlws/0f ug{, pBf]usf] Ifdtf lj:tf/ ug{ xfn ;f] sfo{sf nflu nfUg] nfut /
To;sf] k|ltkmn ;DalGw ljifo clGtd
lg0f{o geO{;s]sf] x'+bf /sd
g5'6\ofOPsf] .
hDdf /sd ? !,$(,^),)),)))÷
sDkgLn] ljleGg a}+saf6 lnPsf] C0f ;DjlGw ljj/0f
/sd -? s/f]8df_
qm=;+= a}ssf] gfd rfn'
k"FhL
shf{
cNksflng
cfjlws
shf{
cfjlws
shf{ -
I _
cfjlws
shf{ -
II _
cfjlws
shf{ -
IV _
cfjlws
shf{ -
V _
cfjlws
shf{ -
VI _
xfo/
kr]{h
shf{
hDdf
1
a}s ckm
sf7df08f}
ln=
7.50
2.86 0.50 10.09
2.98
1.74
23.93
2 PgPdla a}+s
ln=
1.14
1.43
3 nIdL a}+s
ln=
15.68 2.86 2.06 11.99
3.48
33.86
4 glan a}+s
ln=
54.18 6.57 2.50 8.16 38.07
15.25
4.51
125.79
5 g]kfn a}+s
ln=
8.15 50.00 3.57 11.23
2.03
74.27
6
g]kfn
O{Ge]6d]G6
a}+s ln=
45.62
6.43 1.15 7.45 33.03
10.67
3.86
101.36
7
g]kfn
P;lacfO{
a}+s ln=
1.38
2.14 2.39
0.85
6.61
8
/fli6«o
afl0fHo a}+s
ln=
15.72
2.86 1.96 12.08
3.51
33.93
31
9 ;flgdf a}+s
ln=
9.02 1.43 1.25 2.17 10.56
2.46
25.52
10 l;4f{y a}+s
ln=
4.84 2.14 6.76
1.68
14.53
hDdf
162.09
57.50 32.00 5.40 24.19 133.81
42.90
10.11
441.24
-v_ ;fj{hlgs lgisfzg ul/g] lwtf]kq k"0f{ ?kdf ljqmL gePdf ;fj{hlgs lgisfzgsf] nflu p2]Zo k|fKtL ug{sf] nflu
ckgfOg] a}slNks Joj:yfM cGo sDkgLn] z]o/ lgisfzg ubf{ ljutdf dfu eGbf a9L z]o/sf] nflu b/vf:t k/L z]o/
sf/f]af/ ;d]t eO{ ;s]sf]5 . sy+sbflrt lgisfzg ul/g] z]o/ dWo] pBf]u k|efljt If]qsf jfl;GbfnfO{ 5'§fOPsf] z]o/
k"0f{?kdf vl/b gu/]df af+ls z]o/ ;j{;fwf/0fx?sf] nfuL 5'§fOPsf] z]o/df yk ul/ lgisfzg ul/g] 5 . ;j{;fwf/0fnfO{
5'§fOPsf] z]o/ ;d]t ljqmL geO{ afFsL /x]sf] cj:yfdf k|Tofe'tstf{ >L PgcfOljPn P; Soflk6n lnld6]8;+u ePsf]
;Demf}tf cg';f/ ljqmL ul/g]5 .
-u_ cfof]hgfsf] ;+rfng :yfg, cfof]hgf r/0fa4 ?ksf sfof{Gjog ul/g] eP k|To]s r/0fdf nfUg] vr{, s'g} r/0f ;dfKt
e};s]sf] eP ;f] ;DaGwL ljj/0f M
pBf]u lgdf{0f ;DkGg eO{ ljut jif{x? b]lv l;d]G6 pTkfbg ;d]t z'? eO{ ljqmL ljt/0f eO{/x]sf] cj:yf /x]sf]5 .
-3_ cfof]hgf ;DkGg x'g], kl/If0f pTkfbg z'? x'g] / k"0f{ Jofj;flos pTkfbg z'? x'g] cg'dflgt ldlt M
pBf]u lgdf{0f ;DkGg eO{ l;d]G6 pTkfbg ;d]t z'? eO{ lnl8Fu j|f08sf] ?kdf ljqmL ljt/0f eO{/x]sf] cj:yf /x]sf] .
-ª_ ;+ul7t ;+:yfn] s'g} pks/0f vl/b u/]sf] jf ug{ nfu]sf] eP pQm pks/0fsf] d"No jf k|f:tfljt d"No ;Knfo;{sf] gfd /
;Knfo;{;Fu ;Demf}tf ePsf] eP ;f] sf] d'Vo d'Vo a"Fbfx? M
sDkgLn] vl/b u/]sf] pks/0fsf] d"No M
pBf]usf nflu cfjZos ;Dk"0f{ Plant & Machinery equipment, ;+ul7t ;+:yf / M/s Thyssen-Krupp industries Ltd.
aLr ePsf] ;Demf}tf adf]lhd cd]/LsL 8n/ %$,$#,))).)), ABB sDkgL aLr ePsf] ;Demf}tf adf]lhd ef/tLo ?k}ofF
@),%*^&,@$^.)) , Caterpillar af6 cd]/LsL 8n/ !@,$(,%*@.$( / Techpro System af6 cd]/LsL 8n/
@*&,%$@.)), Dalian af6 cd]/LsL 8n/ $(!,))).)) / Reitz India Ltd. af6 cd]/LsL 8n/ @,^&,))).)) / KHD
Humboldt af6 ef/tLo ?k}ofF !(,%),)),))).)) / FLSmidth af6 ef= ?= #$,*^,#),))).)) / cd]/LsL 8n/
(,%),))).)) a/fa/sf] ;fdfg cfoft ePsf] xf] .
-r_ s'g} kf6L{;Fu k|ltlnlk clwsf/ 6«]8dfs{ Ohfhtkq /f]oN6L ;xsfo{ ;DaGwdf jf ljQLo jf k|fljlws ;Demf}tf ul/Psf] eP
;f] sf] k|d'v zt{x? / kf6L{sf] gfd 7]ufgf ;DaGwL lj:t[t ljj/0f M ;f] gePsf] .
-5_ pTkfbg ;DaGwL cfof]hgf eP ;f] sf] k|s[lt k|of]ustf{ k|lt:kwf{ nlIft ;d"x, pTkfbg Ifdtf ljut jif{x?sf] Ifdtf
pkef]u jf eljiodf ul/g] Ifdtf pkef]u ;DaGwL ljj/0f M ;+ul7t ;+:yfn] pTkfbg ug{] j:t' l;d]G6 xf] . l;d]G6sf] k|of]u
;8s, k"n, hnljB't, 6g{]n, ljB't u[x, gx/, 9n lgsf;, vfg]kfgL, l;+rfO{, cfjfl;o tyf Joj;flos ejg, sDKn]S;,
;/sf/L tyf gLlh 3/ ejg, Xo"d kfO{k, ljB't kf]n, 6fon,pBf]u nufotsf clwsfFz ;+/rgfx?sf] lgdf{0f, k"gM lgdf{0f ug{
/ b]z ljsf;sf cGo k"jf{wf/x?sf] /]Nj], Po/kf{]6{ nufotsf s'/fx?sf] lgdf{0f / dd{t ;Def/ ug{ lgdf{0f;+u ;DalGwt
sfo{x?sf nflu clt cfjZos a:t' /x]sf] . o;sf nLIft ;d"x lgdf{0f pBf]u;+u ;DalGwt Joj;foL jf wlg, pkef]Qmf
;d"x, lgdf{0f sDkgL / JolQmx? x'g . xfn pBf]usf] l;d]G6 pTkfbg Ifdtf b}lgs #))) 6g /x]sf] 5 . pBf]u ljut aif{
b]lv g} ;+rfng eO{ pTkflbt l;d]G6 g]kfnL ahf/df ;xh} lnl8Fu j|f08sf] ?kdf ljqmL lj/0f eO{ /x]sf] 5 . ;fy} eljiodf
pBf]un] cf]= lk= l;= l;d]G6sf cnjf cGo lsl;dsf l;d]G6x? ;d]t pTkfbg u/L pTkfbg ljljlws/0f ;d]tsf sfo{ ug{]
nIo lnPsf] 5
-h_ cfof]hgfsf] nflu cfjZos sRrf kbfy{sf] pknJwtf / To;sf] >f]t M dsjfgk'/ lhNnfdf cjl:yt sDkgLsf] gLlh hUuf
/ /fli6«o jg If]qdf /x]sf vfgL:ynx?af6 r'g 9'Ëf vflgx? pTvgg u/]/ d"Vo sRrf kbfy{sf] k|of]u ug]{ ul/Psf] 5 . ;fy}
cGo sRrf kbfy{x? h:t} sf]Onf, lhD;d cfO{/g cf]/, cfkm\g} pTkfbgn] gk'u x'g] lSn8=s/ , KoflsFu d]6]l/oN; nufotsf
sRrf kbfy{x? cfoft tyf :yfgLo ahf/af6 vl/b u/L k|of]u ub{} cfO{/x]sf 5f}+ .
32
-em_ cfof]hgfsf] nflu cfjZos x'g] ljB't, kfgL, Uof;sf] dfqf / To;sf] >f]t M g]kfn ljB't k|flws/0faf6 ljtl/t ljB't tyf
:yfgLo ;|f]taf6 k|fKt x'g] kfgL pBf]udf k|of]u u/L ;+rfngdf k|of]udf NofOPsf] 5 . ljB'tsf] nf]8;]l8Fu ePdf ;d]t
h]g]/]6/af6 @$ ;} 306f pBf]u ;+rfng ug{] u/L a}slNks Joj:yf ul/Psf] 5 .
-`_ ;fj{hlgs lgisfzgsf] nflu ul/g] vr{ k|d'v ?kdf b]xfodf pNn]lvt kIfx?nfO{ lbg] z'Nsx? 5'§f 5'§} ?kdf k|:t't ug'{
kg]{ .
-c_ lgisfzg tyf laqmL k|aGws — ?=%,)),)))÷—
-cf_ 6«i6L -l8j]Gr/ lgisfzgsf] xsdf_ — lgisfzg ul/g] l8j]Gr/ geO{ ;fwf/0f z]o/ ePsf] .
-O{_ k|Tofe"ltstf{ z'Ns — ? %),%$,)%#.**÷—
-O_ lj1x?sf] kfl/>lds jf ;]jf z'Ns — ?=!,%),))) .
-p_ n]vfkl/Ifssf] z'Ns — ?=%),)))÷—
-pm_ cGo – ;'rgf k|sfzg, cfj]bg k|zf]wg nufotsf cGo vr{x? .
u=!)=u= ;fj{hlgs lgisfzgaf6 k|fKt /sdnfO{ cfof]hgfdf k|of]u ug{ k"j{ cGo s'g} Joj:yf ug{ nfluPsf] 5 eg] tT;DaGwL ljj/0fM ;f]
gePsf] .
u=!)=3= lk|ldoddf lwtf]kq hf/L ug]{ ePdf lk|ldod d"No lgwf{/0f ubf{ ckgfO{Psf] ljlw / cf}lrTo M
pBf]u k|efljt If]qsf jfl;Gbfx?nfO{ hf/L ul/g] z]o/df z]o/sf] c+lst d'No ? !))÷– df ? !)) ÷– lk|ldod yk ul/ k|lt
z]o/ ? @))÷– / ;j{;fwf/0fdf hf/L ul/g] z]o/df z]o/sf] c+lst d"No ? !))÷– df ? @))÷– lk|ldod yk ul/ k|lt z]o/
? #))÷– df lgisfzg ul/Psf] 5 . o;sf sf/0f / cf}lrTo lgDgfg';f/ 5g\ .
-!_ sDkgL P]g,@)^# sf] bkmf @( adf]lhd lk|ldod d'Nosf] z]o/ hf/L ug{ ;Sg] ul/ b]xfo adf]lhdsf] cj:yf k"/f ePsf] .
-s_= sDkgL /lhi6|f/sf] sfof{nosf] r= g+= $)%@$, ldlt @)&%.)@.)# ut]sf] kqaf6 sDkgL P]g @)^# sf] bkmf @( -!_
df ePsf] sDkgL P]g klxnf] ;+zf]wg4f/f lk|ldod d"Nodf z]o/ hf/L ug{ sfof{nosf] k"j{ :jLs[lt lng' kg{] k|fjwfg gePsf] elg
l;kmfl/; ;lxt hfgsf/L u/fOPsf] 5 .
-v_ sDkgL ljut tLg aif{ b]lv nuftf/ d'gfkmfdf ;+rfng /x]sf] .
cf=j= gfkmf÷gf]S;fg -?=_
@)&@÷)&# &&,&*,!(,&^$.))
@)&#÷)&$ *!,!#,&@,*&*.))
@)&$÷)&% 1,14,32,75,000.00
-u_ sDkgLsf] ;Dk'0f{ bfloTj eGbf v'b ;DktL -Net Worth_ al9 /x]sf] .
cf=j= v'b ;DktL -Net Worth_
@)&@÷)&# !$$.%#
@)&#÷)&$ !%(.^^
@)&$÷)&% !^!.^!
-3_ sDkgLsf] ljz]if ;fwf/0f;efn] ;j{;fwf/0fdf lk|ldod d'Nodf z]o/ hf/L ug]{ lg0f{o u/]sf] . ;fy} sDkgL P]g @)^# sf] bkmf
@( df ePsf] Joj:yf adf]lhd lk|ldod d"Nodf z]o/ hf/L u/L k|fKt x'g] /sdnfO{ ;f]xL bkmfdf ePsf] Joj:yf cg';f/ dfq
kl/rfng ug{ sDkgL k|ltj4 /x]sf] 5 .
-@_ af]8{sf] lg0f{ofg';f/ sDkgLsf] ljut jt{dfg / eljiosf] ljQLo ljj/0fsf] d"NofÍgsf cfwf/df lk|ldod d"No lgwf{/0fsf ljlw
tyf cfwf/x? b]xfo cg';f/ lgwf{/0f ul/Psf] 5 .
d"NofÍg ljlw d"No
!_ k"FhLs[t ePsf] cfDbfgL @$*=(*
@_ k|lt z]o/ v'b ;DklQsf] d"No !%(=^^
#_ l8isfpG6]8 gub k|jfx ljlw (#@=(!
$_ dfly pNn]lvt ljlwx?sf] cf}ift d"NofÍg ljlw $$&=!*
of] z]o/sf] Valuation cf/=s]=P;= P08 Pzf]l;o6\; rf6{8 Psfp06]06 >L /fh]z s'df/ ;fxn] ug'{ ePsf] xf] .
-#_ lwtf]kqsf] lk|ldod d"No lgwf{/0f ubf{÷u/fpFbf b]xfo cg';f/sf kIfx?sf] cf}lrTo k'li6 ug]{ cfwf/x? ;d]t pNn]v ul/Psf] 5 .
!_ ;DjlGwt Joj;fosf] cf}ift k|ltkmn tyf lj6f u0fgf ePsf] xsdf ;f] sf cfwf/x?
@_ k|lt z]o/ v'b ;DklQsf] d"No lgwf{/0f ug]{ k|of]hgsf nflu ;dfj]z ePsf ljleGg /sdx?sf] lj:t[t ljj/0f tyf
cfwf/x? .
#_ ljQLo k|If]k0fsf cfwf/x?sf] cf}lrTo
33
$_ Discount Rate tyf Terminal Growth Rate u0fgf ubf{sf cfwf/x?M
Risk Free Rate of Return u0gf ubf{ g]kfn /fi6| a}+sn] k|sf;g u/]sf] Development Bonds and Citizen Saving
Certificate df ePsf] Return nfO{ cfwf/ dflgPsf] 5 .
ljj/0f calw s'kg b/
Development Bond 2079 "Gha" 5 Years 2.99%
Development Bond 2084 "Ka" 10 Years 3.83%
Development Bond 2086 "Kha" 12 Years 4.32%
Development Bond 2089 "Ka" 15 Years 4.99%
Development Bond 2088 "Ka" 14 Years 4.99%
Development Bond 2087 "Ka" 13 Years 5.12%
Development Bond 2085 "Ka" 11 Years 5.18%
Development Bond 2084 "Kha" 10 Years 5.15%
Development Bond 2081 "Ka" 7 Years 5.00%
Development Bond 2082 "Ka" 8 Years 6.00%
Development Bond 2079 "Nga" 5 Years 5.45%
Development Bond 2081 "Kha" 7 Years 5.88%
Development Bond 2082 "Kha" 8 Years 6.20%
Development Bond 2085 "Kha" 11 Years 6.48%
Average Rate of Return 5.11%
t;y{ 6ld{gn Terminal Growth Rate 5% dflgPsf]5 .
Calculation of Market growth
2063 Ashadh 32 index 386.83
2074 Ashadh 31 index 1,582.67
Period(Years) 11
Compound Annual Growth (RM) 13.66%
o; k|s[ltsf] pBf]usf] k|yd k6s ;j{;fwf/0fdf z]o/ hf/L ug{ nfu]sf] x'gfn] Cost of Equity u0fgf ubf{ Beta=1 lnOPsf] 5 .
Cost of Equity = 5.11+1 *(13.66- 5.11) = 13.66% cfPsf] ePtf klg xfdLn] !$ k|ltzt lnOPsf]5 .
-$_ o; sDkgL k|rlnt sDkgL P]g, @)^# adf]lhd k|rlnt sfg"gsf] clwgdf /lx b]zdf ef}lts k"jf{wf/ lgdf{0f ;DjlGw sfo{sf
;fy} ejg tyf cfjf;Lo 3/ lgdf{0fsf nflu l;d]G6 pknAw u/fO{ cfly{s ljsf;df ;xof]u k'¥ofpg] p2]Zon] ldlt
@)^).)@.!# ut] g]kfn ;/sf/ sDkgL /lhi6«f/sf] sfof{nodf btf{ e} ;kmntfk'j{s sf/f]jf/ ;+rfng ub}{ cfPsf] .
-%_ l;d]G6 pBf]u If]qdf pTs[i6 :yfg xfl;n ug{ ;kmn /x]sf] .
-^_ ;+ul7t ;+:yfsf ;+:yfksx? ljleGg k|ltli7t Jokfl/s 3/fgsf /x]sf] .
-&_ o; ljj/0fkq dfkm{t lk|ldod d"Nodf ;j{;fwf/0fdf laqmL ul/g] ;fwf/0f z]o/sf] d'NofËg ;DjGwL sfo{ >L cf/s]P; P08
Pzf]lzo6\;, rf6{8{ PsfpG6]G; sf7df08f} 4f/f ul/Psf] xf] .
*_ o; ljj/0fkq dfkm{t lk|ldod d"Nodf ;j{;fwf/0fdf laqmL ul/g] ;fwf/0f z]o/sf] d'NofËg ;DjGwL sfo{ n]vfk/LIfs lk= s]=
P08 Pzf]l;o6;sf rf6{8 Psfp06]06 >L kf?n s]l8ofHo"n] k|dfl0ft ug'{ ePsf] xf] .
34
u=!)=ª= lwtf]kqsf] afF8kmfF6, lkmtf{ e'QmfgL tyf ;"rLs/0f ;DaGwL ljj/0f M
-s_ cToflws dfu jf Go"g dfu ePsf] cj:yfdf afF8kmFf6sf] k|s[of M o; ljj/0fkq dfkm{t hf/L ul/Psf] ;fwf/0f z]o/
;+Vof eGbf a9L ;+Vofdf ;fwf/0f z]o/ vl/bsf] nfLu b/vf:t k|fKt x'g cfPdf g]kfn lwtf]kq af]8{sf] k|rlnt ælwtf]kq
lgisfzg tyf aFf8kmFf6 lgb]{lzsf, @)&$Æ df ePsf] Aoj:yf cg';f/ ;fwf/0f z]o/x? afF8kmFf8 ul/g]5 / z]o/
afF8kmfF8 ;DaGwL ;"rgf /fli6«o :t/sf] b}lgs klqsfdf k|sflzt ul/g]5 .
!= z]o/ afF8kmfF6 ubf{ ;a{k|yd ;a} cfj]bsnfO{ bz lsQfsf] b/n] afF8kmfF8 ul/g] 5 .
@= a'Fbf -!_ adf]lhd afF8kmfF8 u/] kZrft afFsL /x]sf] lgisflzt z]o/ aL; jf ;f] eGbf a9L lsQf cfj]bg ug]{
cfj]bsx?nfO{ k'gM bz lsQfsf] b/n] afF8kmfF8 ul/g] 5 .
#= a'Fbf -@_ adf]lhd z]o/ afF8kmfF8sf] k|s[of ;DkGg ePkZrft\ lwtf]kq afFsL ePdf ;f]lx k|s[of ckgfO{ afF8kmfF8
ul/g] 5 .
$= pk/f]Qmfg';f/ z]o/ afF8kmfF6 ubf{ !) lsQfsf b/n] ;a} cfj]bsx?nfO{ afF8kmfF8 ug{ ck'u x'g] cj:yfdf Go"gtd
bz lsQf kfpg] ul/ uf]nf k|yfaf6 cfj]bs 5gf}6 ul/ ul/g] 5 .
%= z]o/ afF8kmfF8 ;km\6j]o/ tyf afF8kmfF8 tflnsfsf ;DaGwdf af]8{sf] ;xdlt lnO{g]5 .
^= z]o/ afF8kmfF8sf] hfgsf/L afF8kmfF8 u/]sf] ef]nLkN6;Dddf af]8{, lwtf]kq ahf/ tyf ;j{;fwf/0fnfO{ hfgsf/L
u/fOg]5 .
-v_ cToflws dfu ePsf] jf afF8kmfF6 gePsf] cj:yfdf lkmtf{ e'QmfgL ;DjGwL Joj:yfM
;j{;fwf/0fnfO{ hf/L ul/g] z]o/ jfktsf] cfj]bg lng] sfo{ lwtf]kq v/Lb -;fj{hlgs lgisfzg_ ;DalGw lgb]{lzsf,
@)&# -l; cf:af_ df ePsf] Joj:yf adf]lhd ;xeflu a}+saf6 x'g]5 . pQm lgb]{lzsfsf] Joj:yf adf]lhd cfj]bssf]
vftfdf g} cfj]bg /sd /f]Ssf /flvg] ePsf]n] z]o/sf] cToflws dfu eO{ k|To]s cfj]bsn] dfu u/] adf]lhdsf] z]o/
afF8kmfF8 ug{ g;lsg] cj:yfdf lghnfO{ afF8kmfF8 ePsf] z]o/ jfktsf] /sd dfq dfu u/L afFsL /sd ;f]xL vftfdf
/f]Ssf sfg'g adf]lhd ;xeflu a}+saf6 g} /f]Ssf km's'jf x'g] Joj:yf ldnfO{g]5 .
pBf]u k|efljt If]qsf jfl;Gbfx?sf] nflu hf/L ul/g] z]o/ cfj]bgsf nflu z]o/ ljqmL aGb ePsf] ldltn] jf]8{n]
lgwf{l/t u/]sf] ;doleq z]o/ afF8kmfF6 u/L k"0f{ jf cf+lzs ?kdf :jLs[t/c:jLs[t ePsf] Joxf]/f hgfOPsf] z]o/
afF8kmfF6 kq / /sd lkmtf{ e'QmfgL k"hf{ lbOg]5 .
-u_ lgj]bg ;fy k|fKt /sdsf] lkmtf{ e'QmfgLdf l9nfO{ ePdf lbOg] Jofhb/ M ælwtf]kq lgisfzg tyf afF8kmfF6 lgb]{lzsf,
@)&$Æ n] lgwf{l/t u/]sf] ;do leq z]o/sf] afF8kmfF8kq tyf /sd lkmtf{ e'QmfgL lbg g;lsPdf z]o/sf] ljqmL aGb
ePsf] ldlt b]lv /sd lkmtf{ e'QmfgL lbg z'? u/]sf] cl3Nnf] lbg;Ddsf] ;/sf/L C0fkqsf] k|rlnt clGtd Jofhb/sf]
cfwf/df x'g cfpg] Jofh ;lxt lx;fj u/L /sd lkmtf{ e'QmfgL ul/g] Joj:yf /x]sf]df ;j{;fwf/0fnfO{ hf/L ul/g]
z]o/sf] xsdf lwtf]kq v/Lb -;fj{hlgs lgisfzg_ ;DalGw lgb]{lzsf, @)&$ -l;cf:af_ n] u/]sf] Joj:yf adf]lhd
cfj]bg dfu ug'{kg]{ ePsf], h;cg';f/ cfj]bss} a}+s vftfdf /sd /f]Ssf x'g] Joj:yf /x]sf] .
pBf]u k|efljt If]qsf jfl;Gbfx?sf] nflu hf/L ul/g] z]o/sf] xsdf lwtf]kq lgisf;g tyf afF8kmfF8 lgb]{lzsf, @)&$
n] lgwf{l/t u/]sf] ;doleq z]o/sf] afF8kmfF6kq tyf /sd lkmtf{ e'QmfgL lbg g;lsPdf z]o/sf] ljqmL aGb ePsf]
ldltb]lv /sd lkmtf{ e'QmfgL lbg z'? u/]sf] cl3Nnf] lbg;Ddsf] ;/sf/L 6«]h/LaLnsf] k|rlnt clGtd Jofhb/sf]
cfwf/df x'g cfpg] Jofh ;lxt lx;fj u/L /sd lkmtf{ e'QmfgL ul/g]5 .
-3_ lwtf]kqsf] afF8kmfF6 tyf k|df0fkq hf/L ;DjGwL k|s[of / ;dofjwL M ;j{;fwf/0fdf lgisf;g ul/g] ;fwf/0f z]o/
ælwtf]kq lgisfzg tyf aFf8kmFf6 lgb]{lzsf, @)&$Æ df Joj:yf eP cg';f/ afF8kmfF8 u/L ;"lrs/0f eP kZrft\ ælwtf]kq
s]lGb|o lgIf]k ;]jf lgodfjnL, @)^&Æ sf] lgod @$ sf] pklgod & adf]lhd ;DalGwt z]o/wgLsf] lxtu|fxL vftfdf
cef}lts ?kdf z]o/ hDdf u/L ul/g]5 . tyf pBf]u k|efljt If]qsf jfl;Gbfx?sf] nflu hf/L ul/g] z]o/sf] xsdf
lgisf;g ul/g] ;fwf/0f z]o/ k|rlnt lwtf]kq lgisf;g tyf afF8kmfF8 lgb]{lzsf, @)&$ tyf k|rlnt z]o/ afF8kmfF6
;DjGwL Joj:yf cg';f/ ;fwf/0f z]o/sf] afF8kmfF6 u/L pBf]u k|efljt If]qsf jfl;Gbfx?sf] xsdf tf]lsPsf] ;dofjlw leq
z]o/ k|df0f kq ljt/0f ul/g]5 tyf ;j{;fwf/0fx?sf] xsdf g]kfn :6s PS;r]~h lnld6]8df ;"lrs/0f tyf l;l8P; P08
lSnol/Ë lnld6]8df lwtf]kq btf{ u/fO{ cfj]bsx?sf] lxtu|fxL vftfdf afF8kmf8 ePsf] z]o/ hDdf ul/g] Joj:yf ldnfOg]
5 .
35
-ª_ lwtf]kq ;"lrs/0f e};s]sf] eP To:tf] lwtf]kq ;"lrs/0f ul/Psf] lwtf]kq ahf/sf] gfd lwtf]kq sf/f]jf/ z'? x'gsf] nflu
;+ul7t :f+:yfn] k"/f ug'{kg]{ zt{x? ;DalGw ljj/0f M ;f] gePsf] .
-r_ lwtf]kq ;"lrs/0f e}g;s]sf] eP, ;+ul7t ;+:yfn] lgisfzg tyf ljqmL ul/g] lwtf]kqx? k|rlnt P]g, lgod cg';f/ ;xh
v/Lb/laqmL jf ljlgdo x'g ;Sg] u/fpgsf] nflu ul/g] Joj:yf ;DaGwL ljj/0f M o; ljj/0fkq cg';f/ hf/L ul/Psf]
;fwf/0f z]o/x? lwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$ df ePsf] Joj:yf cg';f/ afF8kmfF8 u/L bf];|f] jhf/df
sf/f]jf/ x'g] Joj:yfsf] nflu g]kfn :6s PS;r]~h ;'rLs/0f u/fO{ sf/f]jf/ x'g] Joj:yf ldnfOg]5 .
u=!)=r= k|Tofe"lt ;DaGwL ljj/0f M
-s_ lwtf]kq k|Tofe"lt ug]{ ;+ul7t ;+:yfsf] gfd, 7]ufgf / k|Tofe"lt ug]{ lwtf]kqsf] ;+Vof / /sd M o; ljj/0fkq dfkm{t
lgisfzg ug{ nfluPsf] lwtf]kq dWo] ;j{;fwf/0fnfO{ lgisfzg ug{ nfu]sf] lk|ldod ;lxt hf/L d'No ? #))÷ c+lst
b/sf $$,)),))) lsQf z]o/n] x'g] s'n /sd ? !,#@,)),)),)))÷– -cIf]/]kL Ps cj{ alQ; s/f]8 dfq / pBf]u
k|efljt If]qsf :yfgLo jfl;Gbfx?nfO{ hf/L ul/g] *,*),))) lsQf z]o/sf] lk|ldod ;lxt k|lt z]o/ hf/L d"No ?
@))÷– sf] ? !&,^),)),)))÷– -cIf]/]kL ;q s/f]8 ;f7L nfv dfq_ sf] ;t\ k|ltztn] x'g cfpg] s'n /sd ?
!,$(,^),)),)))÷– -cIf]/]kL Ps cj{ pgGkrf; s/f]8 ;f7L nfvsf] nflu PgcfOljPn P; Soflk6n lnld6]8af6
k|Tofe"lt k|bfg u/fO{Psf] 5 .
-v_ lwtf]kq k|Tofe"ltstf{;Fu ul/Psf] ;Demf}tfsf] d'Vo d'Vo aF"bfx? M o; ljj/0fkq dfkm{t lgisfzg ug{ nfluPsf] lwtf]kqsf]
k|Tofe"ltstf{;Fu d'Vo a'Fbfx? b]xfo adf]lhd /x]sf] 5 .
!= k|Tofe"ltstf{n] ;j{;fwf/0fdf hf/L ul/g] z]o/sf] lk|ldod ;lxt k|lt z]o/ d'No ? #))÷– c+lst b/sf
$$,)),))) lsQf z]o/ / pBf]u k|efljt If]qsf :yfgLo jf;Lsf] nflu hf/L ul/g] z]o/sf] lk|ldod ;lxt k|lt
z]o/ d'No ? @))÷– c+lst b/sf *,*),))) lsQf z]o/sf] nflu k|Tofe"lt ;]jf k|bfg u/]sf] 5 .
@= k|Tofe"ltstf{nfO{ k|Tofe"lt ;]jf k|bfg u/] jfkt ;+ul7t ;+:yfn] ? %),%$,)%#.** - krf; nfv rjGg xhf/
lqkGg ?k}of k};f c7f;L dfq _ sldzgsf] ?kdf lbOg] 5 .
#= o; ljj/0fkq cg';f/ hf/L ul/g] ;fwf/0f z]o/x?df k|Tofe"ltstf{sf] bfloTj k|Tofe"ltt lsQf z]o/x?df dfq
;Lldt x'g]5 .
$= o; ljj/0fkq cg';f/ hf/L ul/g] ;fwf/0f z]o/x? k"0f{ ?kdf laqmL gePdf dfly pNn]lvt k|Tofe"ltt lsQf
z]o/x?df ;Lldt x'g] u/L v/Lb ug]{ ;xdtL hgfPsf] 5 .
%= o; ;Demf}tf kqsf] cjlw lgisfzg tyf ljqmL k|aGws ;DalGw sfo{ ;dfKt geOGh]n ;Dd dfq x'g]5 .
^= o; ljj/0fkq cg';f/ hf/L ul/g] ;fwf/0f z]o/x? k"0f{ ?kdf laqmL ePsf] hfgsf/L k|fKt kZrft ;Demf}tf kq
:jtM vf/]h x'g]5 .
&= pQm cjlwdf s'g} ljjfb pTkGg ePdf cfk;L ;Dembf/Ldf ;dfwfg ul/g]5 t/ ;Dembf/Ldf cfpg g;Sg]
cj:yfdf dWo:tstf{sf] ;xeflutfdf ;dfwfg ul/g] 5 .
u=!)=5= cfj]bg lb+bf Wofg lbg' kg]{ s'/fx? M
-s_ lwtf]kqjfnfsf] clwsf/ tyf k|ltaGwfTds Joj:yfx? h:t} dtflwsf/, nfef+z, xsk|b z]o/, lwtf]kqjfnfsf] clwsf/df
kl/jt{g ug]{ k|s[of tyf lwtf]kqsf] vf/]hL cflb ;DaGwL ljj/0f M o; ljj/0fkq cg';f/ lgisf;g ul/Psf z]o/sf]
afF8kmfF6df k/]sf z]o/wgLx?sf] clwsf/ tyf k|ltaGwfTds Joj:yfx? h:t} dtflwsf/, nfef+z, xsk|b z]o/,
lwtf]kqjfnfsf] clwsf/df kl/jt{g ug]{ k|s[of tyf lwtf]kqsf] vf/]hL cflb ;DaGwL Joj:yf k|rlnt sfg"g cg';f/ x'g]5
.
-v_ lgodfjnL, k|aGwkq k|fKt ug]{ jf x]g{ ;Sg] 7fpF, e'QmfgL ug]{ tl/sf, lng'kg]{ Go"gtd lwtf]kq ;+Vof / ;f] eGbf dfly lng]
ePdf s'g u'0ffÍdf lng ;Sg] xf] ;f] ;DaGwL ljj/0f M
!= o; sDkgLsf] k|aGwkq tyf lgodfjnL sfof{no ;do leq sDkgLsf] skf]{/]6 sfof{no cgfdgu/, sf7df08f} jf
lwtf]kq lgisfzg tyf laqmL k|aGws l;4fy{ Soflk6n lnld6]8, gf/fo0frf}/, gS;fn, sf7df08f}+df ;Dks{ /flv x]g{ jf
k|fKt ug{ ;lsg]5 .
@= o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/ vl/bsf nflu b/vf:t lbFbf cfof]hgf k|efljt If]qsf
b/vf:tjfnfn] b/vf:t;fy cfkm'n] vl/b ug{ rfx]sf] ;fwf/0f z]o/ ;+Vofsf] k|lt ;fwf/0f z]o/ ?=!))÷— df lk|ldod
/sd ? !))÷– yk u/L k|lt z]o/ ? @))÷– sf b/n] ASBA k|0ffnL dfkm{t b/vf:t lbg' kg]{5 . cfof]hgf k|efljt
If]q jfx]ssf ;j{;fw/0f b/vf:tjfnfn] b/vf:t;fy cfkm'n] vl/b ug{ rfx]sf] ;fwf/0f z]o/ ;+Vofsf] k|lt ;fwf/0f
z]o/ ?=!))÷— df lk|ldod /sd ? @))÷– yk u/L k|lt z]o/ ? #))÷– sf b/n] C–ASBA k|0ffnL dfkm{t
cfj]bg lbg ;Sg]5g\ .
#= o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/sf] nflu b/vf:t lbFbf b/vf:tjfnfn] sDtLdf %) -krf;_ lsQf
;fwf/0f z]o/sf] nflu b/vf:t lbg' kg]{5 . olb s'g} b/vf:tjfnfn] %) lsQf eGbf a9L z]o/ vl/bsf nflu b/vf:t
lbg rfx]df !) c+ssf] u'0ffÍdf pBf]u k|efljt If]qsf cfj]bsx?sf] xsdf clwstd %,&(,^$) lsQf tyf cGo ;j{
36
;fwf/0f cfj]bsx?sf] xsdf sDtLdf %) -krf;_ lsQf / clwstd $$,)),))) ;Dk'0f{ lsQf;Dd ;fwf/0f z]o/
vl/b ug{sf nflu b/vf:t lbg' kg]{5 .
-u_ cfj]bg lb+bf kfngf ug'{kg]{ zt{ aGb]hx? h:t} Ps eGbf a9L b/vf:t lbg gkfOg], nufgLstf{sf] klxrfgsf] nflu
gful/stf÷hGdbtf{sf] k|dfl0ft k|df0fkqsf] k|ltlnlk k]z ug'{kg]{ jf lwtf]kq bnfn Joj;foLn] lbPsf] u|fxssf] kl/ro
gDa/ / ;DalGwt Joj;foLsf] gfd v'nfpg'kg]{ / a}+s vftf dfkm{t sf/f]af/ ul/g'kg]{ h:tf kIfx? M
pBf]u k|efljt If]q dsjfgk'/ lhNnfsf :yfgLo afl;Gbfx?n] o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/ lgDg
adf]lhd cfj]bg lbg ;Sg]5g\ .
lxtu|fxL vftf /x]sf / a}+s vftfdf /sd /f]Ssf u/L l;–cf:jf (C-ASBA) k|0ffnL dfkm{t cfj]bg ug{ ;Sg]5g .
!= lwtf]kq vl/b ug{sf nflu b/vf:t lbg rfxg]n] g]kfn lwtf]kq af]8{af6 cg'dlt lnO{ lwtf]kqsf] ;fj{hlgs
lgisfzgsf] s]lGb|s[t ljB'tLo ;]jf ;DaGwL sfo{ ;~rfng lgb]{lzsf, @)&$ adf]lhd ;fj{hlgs lgisfzgdf
Centralized Application for ASBA Based Issuance (C-ASBA) k|0ffnL dfkm{t cfj]bg ;+sng ug{
cfj4 cf:jf (ASBA) ;]jfdf ;xefuL a}s tyf ljQLo ;+:yf tyf tLgsf zfvf sfof{nox?af6 cfj]bg lbg
;Sg]5g\ . o;/L cfj]bg lng ;Sg] a}s tyf ljlQo ;+:yfsf] ljj/0f CDS and Clearing Limited n] cfkm\gf]
j]j ;fO{6 www.cdscnp.com df Registered Banks in C-ASBA cGt{ut pNn]v u/]sf] 5 .
@= cfj]bg lb+bf clgjfo{?kdf pBf]u k|efljt If]qsf afl;Gbf k|dfl0ft ug]{ gful/stfsf] k|df0fkqsf] k|ltlnlk jf
:yflgo lgsfoaf6 hf/L sfuhft a'emfpg' kg]{5 . a;fO{ ;/fO{ eO{ cfPsfsf] xsdf cfkm\gf] jf;:yfg /x]sf]
dsjfgk'/ lhNnfsf] jfl;Gbf k|dfl0ft ug]{ ;DalGwt lgsfosf] l;kmfl/;kq tyf ljjfx eO{ cfPsf cfj]bssf]
xsdf lajfx btf{ k|df0fkqsf] k|ltlnlk ;dfj]z ug'{kg]{5 . gfjfnssf] xsdf cfdf÷afa'n] ;+/Ifs eO{ cfj]bg
lbg' k/]df g]kfn ;/sf/sf] kl~hsflwsf/Lsf] sfof{noaf6 k|fKt gfafnssf] hGdbtf{ k|df0f–kqsf] k|ltlnkL tyf
;+/Ifssf] gful/stf k|df0fkqsf] k|ltlnkL ;+/Ifs :jo+n] k|dfl0ft u/L cfj]bg;fy k]z ug'{kg]{5 .
#= C-ASBA ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfx?n] cfj]bg kmf/d a'lemln+bf pNn]lvt sfuhft ;+nUg u/]
gu/]sf] olSsg u/L ;Ssn sfuhft;+u ?h' u/]/ dfq a'lemlng'kg]{5 / o;/L a'emLlnPsf] kmf/d tf]lsPsf]
;dofjlw leq C-ASBA k|0ffnLdf k|j[li6 ug'{kg]{5 .
$= cf:jf (C-ASBA) ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfn] C-ASBA cGt{ut lng] cfj]bgsf] 9fFrf
lwtf]kqsf] ;fj{hlgs lgisfzgsf] s]lGb|s[t ljB'tLo ;]jf ;DaGwL sfo{ ;~rfng lgb]{lzsf, @)&$ sf] cg';'rL %
adf]lhd x'g'kg]{5 .
;j{;fwf/0fn] o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/ lgDg adf]lhd cfj]bg lbg ;Sg]5g\ .
!= lwtf]kq vl/b ug{sf nflu b/vf:t lbg rfxg]n] g]kfn lwtf]kq af]8{af6 cg'dlt lnO{ lwtf]kqsf] ;fj{hlgs
lgisfzgsf] s]lGb|s[t ljB'tLo ;]jf ;DaGwL sfo{ ;~rfng lgb]{lzsf, @)&$ adf]lhd ;fj{hlgs lgisfzgdf
Centralized Application for ASBA Based Issuance (C-ASBA) k|0ffnL dfkm{t cfj]bg ;+sng ug{
cfj4 cf:jf (ASBA) ;]jfdf ;xefuL a}s tyf ljQLo ;+:yf tyf tLgsf zfvf sfof{nox?af6 cfj]bg lbg
;Sg]5g\ .
@= C-ASBA ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfx?n] pk/f]Qm adf]lhd a'emLlnPsf] kmf/d tf]lsPsf] ;dofjlw
leq C-ASBA k|0ffnLdf k|j[li6 ug'{kg]{5 .
cfj]bg lbg] ;DaGwdf cGo zt{ tyf hfgsf/Lx?
!= Ps JolQmn] cfkm'n] lng rfx]sf] ;Dk"0f{ z]o/sf] nflu Psj6f dfq cfj]bg u/]sf] x'g' kg]{5 . olb Ps} JolQmn] Ps
eGbf a9L cfj]bg lbPsf] e]l6Pdf lghn] lbPsf] ;a} cfj]bgx?nfO{ /2 ul/g]5 .
@= pBf]u k|efljt If]qsf afl;Gbfx?n] z]o/ vl/b u/]df ;j{;fwf/0fsf nflu ;fj{hlgs lgisfzg ul/g] ;fwf/0f
z]o/sf] nflu k'gM cfj]bg lbg kfpg] 5}gg\ .
#= ?=!) nfv ;Dd /sd a/fa/sf] cfj]bg ug]{ b/vf:tjfnfn] :j]lR5s ?kdf / ?=!) nfv eGbf a9L /sd
a/fa/sf] cfj]bg ug]{ b/vf:tjfnfn] clgjfo{ ?kdf Kofg (PAN No.) gDa/ b/vf:t kmf/ddf v'nfpg' kg]{5 .
$= ;j{;fwf/0fnfO{ hf/L ul/Psf] z]o/sf] xsdf lgisfzg v'Nnf ul/Psf] klxnf] lbg b]lv g} ;+ul7t ;+:yfn] ;d]t
cfj]bg lbg ;Sg]5g\ .
u=!!= ;DalGwt kIf aLrsf] sf/f]af/ ;DaGwL ljj/0f M
37
lgisfzgstf{ ;+ul7t ;+:yf / lgDg lnlvt kIf aLr ljut @ aif{sf] cjlwdf s'g} k|sf/sf] a:t'ut sf/f]jf/ ePsf] jf s'g}
sf/f]jf/ ug{ k|:tfj ul/Psf] eP sf/f]jf/df ;+nUg AolQmx?sf] gfd, ltgLx?sf] ;+ul7t ;+:yf;Fusf] ;DaGw, sf/f]af/sf] k|s[lt /
/sd M
-s_ ;+ul7t ;+:yfsf] sfo{sf/L clws[t jf ;+rfnssf] ?kdf /x]sf] AolQm M sf/f]af/ gePsf] .
-v_ cfwf/e"t z]o/wgL M sf/f]af/ gePsf] .
-u_ v08 -s_ / -v_ df pNn]lvt s'g} AolQmsf] Psf3/ kl/jf/sf] ;b:o M sf/f]af/ gePsf] .
-3_ ;+ul7t ;+:yfsf] sfo{sf/L clws[t jf ;+rfns jf cfwf/e"t z]o/wgLn] #) k|ltzt jf ;f] eGbf a9L dtflwsf/ x'g] u/L
z]o/ :jfldTj u|x0f u/]sf] sDkgL jf ;+ul7t ;+:yf M
qm=;+= gfd, y/ #) k|ltzt jf ;f] eGbf dtflwsf/ x'g] u/L z]o/
u|x0f u/]sf] ;+:yfsf] gfd / z]o/ k|ltzt
o; lzjd l;d]G6;\ ln=;+usf]
lghsf] cfj4tf
! >L ;'/]Gb| s'df/ uf]on c/ljGb O{Dkf]l/od k|f= ln=, slknj:t' !))
k|ltzt
sfo{sf/L cWoIf
@ >L /3'gGbg df? nIdL nfO{d k|8S6;\, x]6f}8f, !)) k|ltzt ;+rfns
# >L ;lGbk s'df/ zf/bf Kffof]lgo/ df]6/ qmk{ k|f= ln= !)) k|ltzt ,
sG:6|Szg zf]n'zg k|f= ln= %) k|ltzt, O{FGkm|f6]s
k|f= ln= %) k|ltzt, P;lklh 6|]l8Fu k|f= ln= %%
k|ltzt, P;lklh c6f]df]jfO{n k|f= ln= !))
k|ltzt, l;Dkn 6|Szg k|f= ln= !)) k|ltzt .
;+rfns
$ >L /f]lxt u'Ktf 6]ln6s k|f= ln= $@.%) k|ltzt, 6]ln8fO{/]S6 k|f=
ln= $@.%) k|ltzt, 6]lng]6 k|f= ln=, $@.%)
k|ltzt , 6]lne]Gr/ kf6{g;{ k|f= ln= %) k|ltzt,
nSsL u|'k g]kfn k|f= ln= #) k|ltzt, o'lge;{n
O{n]S6|f]sd kmd{sf] !)) k|ltzt .
;+rfns
% >L z'lzn u'Ktf n'lDagL ljB't pBf]u k|f= ln= ^) k|ltzt /
o'lge;{n 6|]l8Fu !)) k|ltzt .
cfwf/e"t z]o/wlg
^ >L gGblszf]/ d'Gb8f 6]Sgf] hof Hj]n/L k|f= ln= ##.## k|ltzt cfwf/e"t z]o/wlg
& >L b]jls;g d'Gb8f 6]Sgf] hof Hj]n/L k|f= ln= ##.## k|ltzt cfwf/e"t z]o/wlg
* >L k|ef -uf]oGsf_
led;/Lof
8fod08 g]kfn O{G6/k|fO{h]h k|f= ln= !)) k|ltzt,
df]On 6g{ 6|]l8Fu k|f= ln= %) k|ltzt, km\o"r/ 6|]8
k|f= ln= %) k|ltzt, P;= cf/= O{Dk]S; k|f= ln=
%) k|ltzt, a|fO{6 KjfO{G6 g]kfn 6|]l8Fu k|f= ln=
!)) k|ltzt
cfwf/e"t z]o/wlg
( >L ljgf]b s'df/ led;/Lof Pstf ODk]S; kmd{sf] !)) k|ltzt, lkljl8 jN8{
jfO{8 6|]l8Fu k|f= ln= df ## k|ltzt
cfwf/e"t z]o/wlg
-ª_ ;+ul7t ;+:yf jf To;sf] ;xfos sDkgLn] xfnsf] ;+rfns jf gLhsf] Psf3/sf] kl/jf/sf] ;b:osf nflu s'g} sf/f]jf/ jf
;Demf}tf u/]sf] 5 eg] ;f] jf ljj/0fkq k|sfzg ug'{ eGbf # aif{ cufl8sf] cjlwdf ;+:yfsf] ;+rfns jf ;+rfnssf] Psf3/
kl/jf/sf] ;b:osf nflu s'g} sf/f]jf/ jf ;Demf}tf u/]sf] eP ;f] s'/f M s'g} sf/f]jf/ jf ;Demf}tf u/]sf] 5}g .
-r_ s'g} ;+rfns jf ;+rfnssf] Psf3/ kl/jf/sf] ;b:onfO{ s'g} C0f lbPsf] jf lgh;Fu lnPsf] eP pQm C0f ;DaGwL lj:t[t
ljj/0f h:t} C0f afkt lnPsf] /sd, C0fsf] Aofhb/, C0f lnPsf] ldlt, C0f e'QmfgL cjlw cflb s'/f ljj/0fkqdf v'nfpg'
kg]{ M C0f sf/f]af/ u/]sf] 5}g .
u=!@= ljb]zL nufgL / Aoa:yfkg ;DaGwL ljj/0f M
ljb]zL nufgL / Aoa:yfkgdf ;+ul7t ;+:yf ;+rfng x'g] eP ;f] sf] ljj/0fsf ;fy} ;DalGwt ;Demf}tfsf] d'Vo tyf tflTjs
a'Fbfx? M sDkgLdf ljb]zL nufgL / ljb]zL Aoa:yfkg g/x]sf] .
u=!#= ;"rLs[t ;+ul7t ;+:yfn] ;fj{hlgs lgisfzg ug]{ ePdf b]xfosf] ljj/0f pNn]v ug'{ kg]{ M
38
-s_ ;+ul7t ;+:yfsf] ljut # cfly{s aif{sf] k|To]s q}dfl;s cjlwsf] pRrtd, Go"gtd, clGtd ahf/ d"Nosf ;fy} sf/f]jf/
ePsf] z]o/ ;+VofM lgisfzgstf{ sDkgL ;"rLs[t ;+ul7t ;+:yf gePsf] .
-v_ af]8{df ljj/0fkq btf{sf] nflu k|:t't ug'{ eGbf ^ dlxgf cufl8sf] cjlwsf] dfl;s ?kdf pRr, Go"g / clGtd d"Nosf ;fy}
k|To]s dlxgfdf sf/f]jf/ ePsf] s'n lbg / s'n sf/f]af/ ePsf] lwtf]kqsf] ;+Vof M gePsf] .
u=!$= kl5Nnf] ;fj{hlgs lgisfzgsf] cg'dfg tyf pknAwL ;DaGwL ljj/0f M
;+ul7t ;+:yfn] o; eGbf cuf8L lwtf]kq lgisfzg ubf{ tof/ u/]sf] ljj/0fkq jf cGo ljj/0fx?df pNn]vLt ul/Psf nIo tyf
sfo{qmdx? tyf v'b d'gfkmf xfl;n ug{ ;s]÷g;s]sf], g;s]sf] cj:yfdf nIo tyf sfo{qmdsf ;fy} ljj/0fkq jf cGo
ljj/0fx?df k|If]lkt v'b d'gfkmf eGbf aL; k|ltzt jf ;f] eGbf a9Ln] Go"g x'g uPsf] eP o;/L km/s kgf{sf] sf/0f M xfn ;Dd
s'g} ;fj{hlgs lgisfzg gul/Psf] .
u=!%= k/fdz{bftf÷ laz]if1 ;DaGwL ljj/0f M
-s_ n]vfkl/Ifs, k|d'v a}+s, lgisfzg sfo{;Fu ;+nUg a}+s, k|If]lkt ljQLo ljj/0f 7Ls 5 egL k|dfl0ft ug]{ lj1 cflbsf] gfd tyf
7]ufgf M
c_ sDkgLsf] cf=j=@)&$÷&% sf] cfDbfgL vr{ lx;fa tyf jf;nftsf] n]vfk/LIf0f lk=s]= P08 P;f]l;o6\; rf6{8 Psfp06]G6;
sf l; P kf?n s]l8ofn] ug'{ePsf] 5 .
cf_ o; lgisfzgsf] nflu k|d'v a}+ssf] Aoa:yf ul/Psf] 5}g .
O_ o; lgisfzgsf] nflu b]xfosf a}+snfO{ lgisfzg a}+s (Banker to the Issue) sf] ?kdf lgo'Qm ul/Psf] 5 .
l;=g+= lgisfzg a}+ssf] gfd, 7]ufgf
!= >L l;4fy{ a}+s ln=, xflQ;f/, sf7df08f}+ .
;fy} cfjZostf cg';f/ lgisfzg aGb x'g' cufj} jf]8{nfO{ hfgsf/L lbO{ cGo a}+sx?nfO{ ;d]t o; z]o/ lgisfzgsf] nflu
lgisfzg a}+ssf] ?kdf lgo'Qm ug{ ;lsg]5 .
O{_ o; ljj/0fkqdf pNn]lvt ljQLo ljj/0f tyf k|If]k0fsf] cg'dfg tyf cfwf/x? xfnsf] ahf/sf] l:ylt, lgisfzgstf{
sDkgLsf] xfnsf] bIftf / lgisfzgstf{ sDkgLn] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf] cfwf/df k'g/fjnf]sg u/L ljj/0f
7Ls 5 egL rf6{8{ Psfp06]06 ;+:yf cf/= s]= P; = P08 P;f]l;o6\; sf rf6{8 Psfp06]06 >L /fh]z s'df/ ;fxn] k|dfl0ft
ug'{ePsf]5 .
-v_ dfly v08 -s_ df pNn]lvt ;+:yf jf JolQm;Fu ePsf] ;xdltsf d'Vo d'Vo a'Fbf tyf zt{x? M
;Demf}tfdf ePsf d'Vo d'Vo a'Fbfx? lgDg /x]sf 5g\ .
!_ n]vfk/LIfs
n]vfkl/IfsnfO{ cf=j= )&$÷)&% sf] n]vfkl/If0f jfkt ?=#,%),))) ÷– z'Ns a'emfPsf]] 5 cGo s'g} zt{x? g/x]sf] .
@_ lgisfzg a}+s
l;4fy{ a}+s lnld6]8 lgisfzg a}+ssf] ?kdf /x]sf] 5 . cfof]hgf k|efljt If]qsf cfj]bsx?af6 ;+sng s]Gb| dfkm{t
;+sng ePsf] Psd'i7 /sd lgisfzg a}+sdf hDdf ul/g]5 .
#_ ljQLo k|If]k0fsf] ljj/0f tof/ kfg]{ lj1
ljlQo k|If]k0f tof/ ul/lbg] ljz]if1nfO{ ;]jf z'Ns jfkt /sd ? !,%),)))÷– a'emfPsf]] 5 . k|If]lkt ljQLo ljj/0f
yk36 tyf kl/dfh{g ug'{k/]df ;d]t ;f]xL cg';f/ k|If]lkt ljQLo ljj/0f tof/ ug'{kg]{5 .
u=!^= cfof]hgf ;DkGg ug{sf] nflu ;fj{hlgs lgisfzg afx]s cGo ljQLo >f]tx? k|of]u ul/Psf] 5÷5}g, tT;DaGwL ljj/0f M
lzjd\ l;d]G6;\ lnld6]8sf] pBf]u ;+rfngsf nflu gljn a}+s lnld6]8, g]kfn OGe]i6d]06 a}+s lnld6]8, nIdL a}+s lnld6]8, a}+s
ckm sf7df08f} lnld6]8, ;flgdf a}+s lnld6]8, g]kfn P;ljcfO{ a}+s lnld6]8, l;4fy{ a}+s lnld6]8, g]kfn a}+s lnld6]8, /fli6«o
afl0fHo a}+s lnld6]8 / PgPdlj a}+s lnld6]8 dfkm{t ljQLo ;|f]tx?sf] k|of]u ul/Psf] 5 . असार d;fGt ;Ddsf] ljQLo >f]tsf]
ljj/0f b]xfo cg'[;f/ /x]sf] 5 .
l;= g+= a}s lb3{sflng shf{ clwljsif{ tyf
cNksflng shf{ hDdf
! a}s ckm sf7df08f} ln= 181,593,987.04 75,000,000.00 256,593,987.04
@ PgPdla a}+s ln= 11,432,000.00
11,432,000.00
# nIdL a}+s ln= 203,804,864.00 156,800,000.00 360,604,864.00
39
$ glan a}+s ln= 750,566,368.00 541,800,000.00 1,292,366,368.00
% g]kfn a}+s ln= 168,255,574.00 581,500,000.00 749,755,574.00
^ g]kfn O{Ge[i6d]G6 a}+s ln= 625,906,834.45 456,200,000.00 1,082,106,834.45
& g]kfn P;lacfO{ a}+s ln= 53,850,297.00 13,800,000.00 67,650,297.00
* /fli6«o afl0fHo a}+s ln= 204,060,577.00 157,200,000.00 361,260,577.00
( ;flgdf a}+s ln= 178,767,389.00 90,200,000.00 268,967,389.00
!) l;bf{y a}+s ln= 105,773,149.00 48,400,000.00 154,173,149.00
hDdf 2,484,011,039.49 2,120,900,000.00 4,604,911,039.49
u=!&= d'2f tyf ljjfb ;DaGwL ljj/0f M
-s_ ;+ul7t ;+:yfsf] t/ntf, df}Hbft, sfo{ ;+rfngdf tflTjs c;/ kg]{ vfnsf] s'g} d'2fdfldnf jf ljjfb eP ;f] ;DaGwL
ljj/0f tyf pk/f]Qm d'2f jf ljjfbsf] sf/0faf6 kg{ ;Sg] k|efj ;DaGwdf Joj:yfkgsf] wf/0ff M
-!_=sDkgLn] g]kfn ljB't k|flws/0f s]lGb|o sfof{no sf7df8f}+ ;d]tsf lj?4 @)&@ ;fn >fj0f b]lv @)&@ ;fn d+l;/;Ddsf]
cjlwsf] ljB't ljn adf]lhdsf] dx;'n bflvnf u/L;s]kl5 u}/sfg"gL tl/sfn] yk dx;'n nufO{ 5'6 ljn cGt/utsf] /sd
bflvnf ug{ g]= lj= k|f= n] dfu u/]sf]df ;f] sf lj?4 >L ;jf{]Rr cbfnt, sf7df8f}+ ;dIf pTk|]if0fsf] cfb]z4f/f /sd dfu
u/]sf] pQm kq / lg0f{o ;d]t ab/ u/L cfb]z hf/L u/L kfFpm elg l/6 lgj]bg bfo/ ul/Psf]df ;Ddflgt ;jf{]Rr cbfntaf6
ldltM @)&%.)&.@) ut] l/6 hf/L eO g]kfn ljB't k|flws/0fn] dfu u/] adf]lhdsf] yk dx;'n /sd ? !%,%@,*#,^^@.))
cIf]?kL kGw| s/f]8 jfpGg nfv lqof;L xhf/ 5 ;o lq;7\7L ?k}ofF dfq bflvnf ug'{gkg{] u/L clGtd km};nf ePsf] /
km};nfsf] k'0f{ kf7 tof/L s} qmddf /x]sf] elg ;jf{]Rj cbfntaf6 hfgsf/L k|fKt ePsf]n] sDkgLnfO{ s'g} yk cfly{s bfloTj
gx'g] .
-@_= sDkgLn] cf= j= @)^&.^*, @)^*.)^(, @)&).)&! / @)&!.&@ sf] cfo Joo ljj/0f cg';f/ >L 7'nfs/bftf sfof{no,
k"Nrf]s nlntk'/af6 x|f;s6[L nufotsf s]lx vr{x?nfO{ cdfGo u/L ;+zf]lwt s/ lgwf{/0f cfb]z hf/L u/]sf]df sDkgLn] pQm
lg0f{o :jLsf/ gu/]sf] x'+bf k|zf;sLo k"gj/fjnf]sgsf nflu >L cfGtl/s /fh:j ljefusf dxflgb{]zHo", ;dIf k|zf;sLo
k"g/fjnf]sg u/L kfFpg lgj]bg lbPsf]df xfn cfGtl/s /fh:j ljefudf ljrf/flwg /x]sf] 5 . sydsbflrt sDkgLn] bfo/
u/]sf] k|zf;sLo k"g/fjnf]sg ;DalGw d'Bfdf lg0f{o x'+bf sDkgLn] lnPsf] bfjL gk'Ug] u/L 7x/ km};nf x'g uPdf yk s/
jfktsf] /sd ? !#%,#$,!$#.*& cIf]?kL Ps s/f]8 k}+lt; nfv rf}+lt; xhf/ Ps ;o lqrfln; / k};f ;tf;L dfq x'g]5 /
kl5Nnf cf= j= x?sf] cfo ljj/0f k]z ubf{ 7"nfs/bftf sfof{noaf6 sfod u/]sf] x|f; cfwf/nfO{ cfwf/ dfgL ;f]xL cg';f/
x|f; s6[L u/L s/ /sd bflvnf u/L;s]sf] x'+bf sDkgLnfO{ yk s/sf] bfloTj gx'g] .
-v_ ;+ul7t ;+:yfnfO{ c;/ kg]{ u/L ;+:yfsf] ;+:yfks÷;+rfnsn] jf nfO{ bfo/ ul/Psf] d'2f ;DaGwL ljj/0f M vfgL tyf vlgh
P]g @)$@ / vfgL tyf vlgh kbfy{ lgodfjnL @)%^ adf]lhd lzjd l;d]G6;\ ln= sf gfddf hf/L ePsf] dsjfgk'/ lhNnf
;fljs a'9Lrf}/, l7Fug uf= lj= ;= cGt/utsf] r'g9'Fuf pTvgg\ cg'dlt kq g+= &*.)^^.)^& cGt/ut cg'dlt k|fKt If]qdf
sDkgLsf nflu r'g9'+uf pTvgg\ u/]sf] ljifodf lhNnf jg sfof{non] s]lx ;fgf] Pl/ofdf jg If]qsf] cltqmd0f ePsf] elg o;
sDkgLsf ;+rfns >L /3'gGbg df?nfO{ ljkIfL agfO{ lhNnf jg sfof{no, dsjfgk'/n] >L dsjfgk'/ lhNnf cbfntdf d'4f
bfo/ u/]sf]df xfn pQm d'4f ljrf/flwg /x]sf] 5 . / lhNnf jg sfof{non] bfo/ u/]sf] pQm d'Bfdf lhNnf jg sfof{nosf]
bfjL k'Ug] ul/ 7x/ km};nf ePsf] cj:yfdf ljuf] ?= #&,^),&#&.#^ / ljuf] adf]lhd bf]Jj/ hl/jfgf ?= &%,@!,$&$.&@ yk
bfloTj x'g]5 .
-u_ ljut kfFr jif{df ;+ul7t ;+:yfsf] s'g} ;+:yfks÷;~rfns sfnf] ;"rLdf k/]sf] jf s'g} g}lts jf cfly{s sf/0faf6 s'g}
lgodg lgsfo jf cbfntn] ;hfo u/fPsf] eP, To:tf] ;+:yfks÷;+rfnssf] gfd / ;hfo ug]{ lgodg lgsfo jf cbfntsf]
gfd pNn]v ug'{kg]{ M ;f] gePsf] .
-3_ ;+ul7t ;+:yf a}+s jf ljQLo ;+:yfdf C0f glt/L l8kmN6 ePsf], lgod cg';f/sf] z'Ns glt/]sf], lwtf]kqjfnfx?sf] s'g} /sd
e'QmfgL gul/Psf] eP tT;DaGwL ljj/0fx? M ;f] gePsf] .
u=!*= u'gf;f] ;'Gg] / ;dfwfg ug]{ k|s[of M
lgisflzt lwtf]kq ;DalGw nufgLstf{x?sf] u'gf;f] tyf ;'emfj ;'Gg tyf ;f] sf] ;dfwfgsf nflu lwtf]kq lgisfzg tyf laqmL
k|aGwssf] sfof{nodf Ps ljz]if sIfsf] Joj:yf ul/Psf] 5 . nufgLstf{x?n] b]xfPsf] dfWod dfkm{t cfˆgf] u'gf;f] tyf
;'emfjx? >L ;'hg afa' clwsf/L dfkm{t k|]lift ug{ ;Sg]5g\ M
kmf]g g+=M$$@)(@$, ̂ ofS; g+=M$$@)(@(, E-mail : [email protected]
u=!(= gub glnO{ s;}nfO{ lwtf]kq lgisfzg ul/Psf] 5 eg] To:tf] JolQm jf ;d"xsf] gfd, v/Lb ul/Psf] ;DklQ jf ;]jf ;DaGwL
ljj/0f, lgisfzg ul/Psf] lwtf]kqsf] ;+Vof / b/ ;DaGwL ljj/0f M ;f] gePsf] .
40
u=@)= C0fkq lgisfzg ;DaGwL ljj/0f M xfn;Dd sDkgLn] C0fkq hf/L ul/Psf] 5}g / cfjZostf cg';f/ eljiodf C0fkq hf/L
ug{ ;lsg]5 .
u=@!= cu|flwsf/ z]o/ lgisfzg ;DaGwL ljj/0f M ;f] gePsf] .
u=@@= cGo ;fdfGo hfgsf/L M
-s_ ljz]if1sf] s'g} /fo ePdf, ;f] sf] ljj/0f M ;f] gePsf] .
-v_ ut tLg cfly{s jif{ leqdf s'g} ;+rfns, n]vfk/LIfs kl/jt{g ePsf] eP, ;f] sf] sf/0f M s'g} kl/jt{g gePsf] .
-u_ sDkgL ;lrjsf] gfd, 7]ufgf / of]Uotf M
kfNkf lhNnf /Def ufFpkflnsf j8f g++ !, x'+uL :yfoL 3/ 7]ufgf eO{ xfn sf7df8f}+ lhNnf a9flgns07 gu/kflnsf j8f g+=
*, uf]Nkm'6f/ lgjf;L, sfg"g ljifodf :gftx tx plt{0f z}lIfs of]Uotf xfl;n u/L g]kfn af/ sfplG;naf6 clwjQmfsf] k|df0f
kq ;d]t k|fKt ug'{ ePsf >L n]vgfy cof{n o; sDkgLsf] sDkgL ;lrjsf] ?kdf sfo{/t x'g'x'G5 .
-3_ ;fj{hlgs lgisfzg ug{sf nflu ;+rfns ;ldltaf6 ePsf] lg0f{o ;DaGwL ljj/0f M
lzjd\ l;d]G6; lnld6]8sf] ldlt @)&$.!).@! ut]sf] ljz]if ;fwf/0f ;efsf] lg0f{o adf]lhd hf/L kF"hL dWo]af6 pBf]usf
:yfgLo jfl;Gbf ;lxtsf ;j{;fwf/0fx?sf] nflu lk|ldod d"Nodf z]o/ ;fj{hlgs lgisfzg ;lxtsf] $$),)),))) lsQf
z]o/x? g]kfn lwtf]kq af]8{df btf{ u/fpg] .
-ª_ ;+ul7t ;+:yf jf o;sf z]o/wgLnfO{ s'g} ljz]if s/ ;'ljwf lbOPsf] eP, ;f] ;DaGwL ljj/0f M k|rlnt cfos/ P]g adf]lhd
skf{]/]6 s/sf] b/ @% k|ltzt nfUg]df of] ;+ul7t ;+:yf ljz]if pBf]u cGt/utsf] ;+:yf ePsf]n] @) k|ltzt s/sf] b/ nfUg]
/ #)) hgf eGbf al9 g]kfnL gful/sx?nfO{ k|ToIf /f]huf/L pknJw u/fpg] ;+:yfnfO x'g] yk !) k|ltzt 5'6 ;d]t k|fKt
eP adf]lhd v'b d'gfkmfdf !* k|ltztsf b/n] dfq s/ nfUg] Joj:yf /x]sf]5 .
-r_ ;+ul7t ;+:yfsf] kl5Nnf] cfly{s jif{sf] n]vfk/LIf0f ePsf] jf;nft, gfkmf gf]S;fg lx;fj / gub k|jfx ljj/0f k|fKt ug{ jf
x]g{ ;Sg] 7fpF / ;do M
sfof{no ;doleq lgDglnlvt :yfgx?df sDkgLsf] kl5Nnf] cfly{s jif{sf] n]vfk/LIf0f ePsf] jf;nft, gfkmf–gf]S;fg lx;fj
tyf gub k|jfxsf] ljj/0f k|fKt ug{ jf lg/LIf0f ug{ ;lsg]5 .
!= sDkgLsf] skf]{/]6 sfof{no, cgfdgu/, sf7df08f}+ .
@= lwtf]kq lgisfzg tyf laqmL k|aGws >L l;4fy{ Soflk6n lnld6]8, gf/fo0frf}/, gS;fn, sf7df08f} .
-5_ af]g; z]o/ ;DaGwL Joj:yf M
xfn;Dd af]g; z]o/ hf/L ul/Psf] 5}g . eljiodf k|rlnt P]g / g]kfn lwtf]kq af]8{sf] k|rlnt af]g; z]o/ lgisfzg
;DaGwL Joj:yf cg';f/ af]g; z]o/ hf/L ug{ ;Sg]5 .
-h_ z]o/jfnf, sd{rf/L jf c? s;}sf] nflu z]o/ ;'/lIft ug]{ Joj:yf ul/Psf] ePdf ;f] s'/f M
o; ljj/0fkq dfkm{t lgisfzg ul/g] ?= %@,*),)),)))÷—-cIf]/]kL ? afpGg s/f]8 c;L nfv dfq_ /sd a/fa/sf] ? !))
c+lst b/sf] %@,*),))) lsQf z]o/ dWo] ? !)) c+lst b/df lk|ldod /sd ? !))÷– yk u/L k|lt lsQf ? @))÷– b/n]
*,*),))) lsQf z]o/ pBf]u k|efljt If]qsf jfl;Gbfsf nflu ;'/lIft ul/Psf] 5 . cfof]hgf k|efljt If]q afx]ssf
;j{;fwf/0fsf nflu 5'§fOPsf] $$,)),))) lsQfsf] % k|ltzt z]o/ cyf{t @,@),))) lsQf z]o/ ;fd"lxs nufgL sf]ifsf
nflu tyf lwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$ sf] bkmf %-!_ df ePsf] Joj:yf cg';f/ ;+ul7t ;+:yfn]
;j{;fwf/0fnfO{ 5'§fPsf] z]o/ dWo] j9Ldf % k|ltzt ;Dd ;+:yfdf sfo{/t s/f/ / Hofnfbf/L sd{rf/L jfx]ssf sd{rf/LnfO{
5'§fpg ;Sg]5 eGg] Joj:yf cg';f/ ;j{;fwf/0fsf nflu 5'§fOPsf] $$,)),))) lsQfsf] % k|ltzt z]o/ cyf{t @,@),)))
lsQf z]o/ ;+ul7t ;+:yfsf sd{rf/Lx?sf nflu 5'§fOPsf] 5 .
-em sDkgLn] sDkgL P]gn] u/]sf] Joj:yfx?, cfˆgf] sf/f]af/;Fu ;DalGwt P]g, lgod tyf lgodg Joj:yf k"0f{ kfngf u/]sf]
;DaGwdf u/]sf] pb\3f]if0f M
sDkgLn]] sDkgL P]g, @)^# n] u/]sf] Joj:yfx¿ cfkm"n] ug]{ Joj;fo;+u ;DalGwt cGo P]g, lgod tyf lgodg Joj:yf tyf
lgodg lgsfox?n] lbPsf] lgb]{zgx?sf] k"0f{?kdf kfngf u/]sf] 5 / ;f]xL lgb]{zgx¿sf] bfo/f leq /lx sfo{ ul//x]sf] / o;
ljj/0f–kqdf pNn]v ul/Psf] ljj/0fx¿;d]t ;f]xL cg'?k tof/ ul/Psf] xf] eGg] sDkgLsf] pb\3f]if0f /x]sf] 5 .
-`_ lwtf]kq laqmL ljt/0f ;DaGwL Joj:yf M
o; ljj/0fkq dfkm{t lgisflzt ;fwf/0f z]o/ laqmL ljt/0fsf nflu cfof]hgf k|efljt If]qsf cfj]bsx?sf] xsdf -pBf]u
k|efljt If]q_ dsjfgk'/ lhNnfdf sDtLdf $ :yfg tyf j9Ldf cfjZostf cg';f/ ;+sng s]Gb|sf] Joj:yf u/L cfjb]g
kmf/d tyf ljj/0fkq ljt/0f / cfj]bg kmf/d ;lxt b/vf:t /sd a'lemlng] Aoa:yf ul/g]5 tyf cfof]hgf k|efljt If]qsf
cfj]bsx? afx]s ;j{;fwf/0fsf] nflu 5'§fOPsf] z]o/ cfj]bgsf nflu g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt l;cf:jf ;]jfdf
;xeflu a}+s tyf ljQLo ;+:yfx? dfkm{t ;+sng ul/g]5 .
-6_ qm]l86 /]l6Ë ;DaGwL Aoa:yf M
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o; ljj/0fkq cg';f/ ;fwf/0f z]o/sf] nflu æqm]l86 /]l6Ë lgodfjnL, @)^*Æ sf] lgod # df ePsf] Aoa:yf adf]lhd g]kfn
lwtf]kq af]8{af6 cg'dlt k|fKt qm]l86 /]l6Ë ;+:yf O{qmf g]kfn ln=, l8NnLahf/, sf7df08f}+af6 qm]l86 /]l6Ë u/fO{ ldlt
@)&$.!@.)! df æO{qmf Pglk cfO{lkcf] u|]8 #+ Æ k|df0fkq k|fKt u/]sf] 5 . æO{qmf Pglk cfO{lkcf] u|]8 # ++ n] cf};t
(Average Fundamental) cfwf/x? hgfpFb5 . Oqmf g]kfnn] ! b]lv % KjfOG6 u|]l8Ë k|bfg ub{5 . h;df u|]8 ! n] alnof
cfwf/ hgfpF5 eg] u|]8 % n] sdhf]/ cfwf/x? hgfpF5 . u|]8 @, # / $ df k|of]u ul/g] + (Plus) lrGxn] o; ;d"xsf
t'ngfTds ;sf/fTds l:yltnfO{ hgfpF5 .
-7_ ljj/0fkq tof/ ug]{ JolQmsf] gfd, y/, z}lIfs of]Uotf / cg'ejsf] ljj/0f M o; ljj/0fkq tof/ kfg]{ Joj;flos ;+:yfdf
laqmL k|aGws l;4fy{ Soflk6n lnld6]8, gf/fo0frf}/, gS;fn, sf7df08f}+ /x]sf]5 .
-8_ ;sf/fTds kIfx? M lzjd l;d]G6 cTofw'lgs hd{g k|ljlwo'Qm KnfG6 P08 d]lzg/L hl8t pBf]u xf] . r'g9'Ëf ;+sngsf] nflu
k|ofKt If]qkmn ;lxtsf] r'g9'Ëf /fVg ;Sg] Ifdtfo'Qm e08f/0f sIf, jftfj/0fLo jfo' k|b'if{0f lgoGq0fsf nflu Aofu lkmN6/ /
Aofu xfp; lgdf{0f tyf g]kfn u'0f:t/ lrGx ,g]kfn :6\of088{ $(, Bureau of Indian Standard Certification Mark,
cfOP;cf] ISO k|df0f kq !$))!M@))$, cfO;cf] k|df0f kq ())!M@))* / cf]PrP;PP; OHSAS k|df0f kq
!*))!M@))& sf] dfGotf k|fKt u/]sf] 5 . pBf]udf @$ ;} 306f cfkm\g} cTofw'lgs Nofjaf6 x/]s !, !, 306fdf pTkfbg
k/LIf0f ug{] ul/Psf] 5 . r'g9'+Fufsf] u'f0:t/ kl/If0fsf] nflu :jrflnt X-ray Machinery pBf]u d} h8Lt 5 . ;fy}
pTkflbt l;d]G6sf] x/]s Jofr ;/sf/L tyf cGo lghL Nofjx?df ;d]t lgoldt u'0f:t/ k/LIf0f ug{] ul/g'sf ;fy} l;d]G6sf ]
Compressive Strength kl/If0f ug{] pRr k|ljlwo'Qm d]lzg/L hl8t 6]lSgsn Eofgaf6 l;d]G6sf] 1fg ePsf cg'ejL
O{lGhlgo/, k|fljlws dfkm{t lgM z'Ns lgdf{0f:yndf uO{ cfkm\gf] l;d]G6sf] u'0f:t/sf] hfgsf/L u/fpg] Joj:yf ldnfO{Psf] 5 .
sDkgLn] pTkfbg u/]sf] l;d]G6 pRr u'0f:t/Lo /x]sf] 5 . pNn]lvt s'/fx?sf cltl/Qm xfn ahf/df cToflws dfqfdf
?rfO{sf] jf cfd pkef]Qmfsf] /f]hfO{df lzjd l;d]G6 k/]sf] x'+bf lnl8Fu a|f08sf ?kdf :yflkt x'g', s'zn Pj+ cg'ejL ;+rfns
tyf ;DalGwt If]qdf nfdf] sfo{fcg'ej ePsf sd{rf/Lx? sDkgLdf cfj4 /xg' , g]kfn s} cu|0fL ;/sf/L tyf gLlh If]qaf6
;+rflnt a}+sx?af6 kl/of]hgf cg'?ksf] shf{ nufgL ;d]t eO{;s]sf] nufotsf sfo{x? sDkgLsf ;sf/fTds kIfx? x'g .
-9_ lwtf]kq lgisfzg lgodfjnL, @)&# sf] lgod ( sf] pklgod # sf Aoa:yfx? b]xfo adf]lhd /x]sf] 5 M
-!_ cfkm\gf] p2]Zo cg';f/ sf/f]af/ ;+rfng ug{sf nflu cjZos sfo{x? cufl8 a9fO{ Ps aif{sf] cjlw k"/f ul/;s]sf] M
sDkgLn] cfkm\gf] p2]Zo cg';f/ sf/f]af/ ;+rfng ub}{ cfO/x]sf]n] Ps aif{sf] cjlw k"/f ul/;s]sf] .
-@_ k|rlnt sfg"g adf]lhd n]vfk/LIf0f tyf ;fwf/0f ;ef ;DkGg u/]sf] M o; sDkgLn] sDkgL P]g, @)^# adf]lhd ;fwf/0f
;ef ub}{ cfO/x]sf] / ldlt @)&$.)(.@% df ;DkGg bf];|f] jflif{s ;fwf/0faf6 cf=j= @)&$.)&% sf] nflu rf6{8{ Psfp06]06
;+:yf >L lk=s]= P08 P;f]lzo6\;nfO{ n]vfkl/Ifs lgo'Qm ul/Psf] . rf6{8{ Psfp06]06 ;+:yf >L lk=s]= P08 P;f]lzo6\;af6
cf=j= @)&$.)&% sf] n]vfkl/If0f ;DkGg e};s]sf] .
-#_ k|rlnt sfg'g adf]lhd ;+ul7t ;+:yfn] ug]{ d"Vo sfo{ ug{sf] nflu s'g} lgsfoaf6 Ohfht, cg'dlt jf :jLs[lt lng'kg]{
ePdf To:tf] Ohfht cg'dlt jf :jLs[lt lnO;s]sf] M l:js[tL lnO{ l;d]G6 pTkfbg z'? e};s]sf] .
-$_ ;+ul7t ;+:yfsf] nflu cjZos kg]{ hUuf vl/b jf cGo k|sf/n] Joj:yf u/L sf/vfgf ejg, sfof{no ejg uf]bfd3/ tyf
cGo cfjZos ;'ljwfx? lgdf{0f sfo{ z'? ul/;s]sf] M e};s]sf] .
-%_ pTkfbgsf] k|ljlw 5gf}6 u/L pBf]usf] nflu cjZos kg]{ oflGqs pks/0f tyf To;sf kf6k'hf{ cflb vl/b ug{'kg]{ ePdf
vl/b k|lqmof cufl8 a9fO;s]sf] M o; sDkgLsf] nflu cfjZos kg]{ oflGqs pks/0f tyf To;sf kf6k'hf{ cflb vl/b u/L
;~rfngdf /x]sf] .
-^_ kl/of]hgf lgdf{0fsf nflu kmfOgflG;on Snf]h/ e};s]sf] M kmfO{gflG;on Snf]h/ e};s]sf] .
-&_ hnljB't pTkfbg ;+:yf ePdf, ljB't vl/b ;Demf}tf ul/;s]sf] / hnljB't u[x tyf cGo k"jf{wf/x? lgdf{0fsf] nflu 6]08/
cfJxfg ul/;s]sf] M nfu' gx'g] .
-*_ kl/of]hgf lgdf{0f cjlwe/ sDkgLsf] C0f / k'FhLsf] cg'kft lwtf]kq lgisfzg lgb]{lzsfdf tf]lsP adf]lhd /fVg ;xdt
ePsf] M
o; sDkgLn] kl/of]hgf lgdf{0f cjlwe/ sDkgLsf] C0f / k'FhLsf] cg'kft lwtf]kq lgisfzg lgb]{lzsfdf tf]lsP adf]lhd
/fVg ;xdt ePsf].
-(_ ;+:yfksx?n] cfkm'n] lng sj'n u/]sf] /sd zt k||ltzt r'Qmf e};s]sf] M ;+:yfksx?n] cfkm'n] lng sj'n u/]sf] /sd ?
#,*&,@),)),)))÷—-cIf/]kL tLg cj{ ;tf;L s/f]8 aL; nfv dfq_ zt k||ltzt r'Qmf e};s]sf] / ;f] sf] clen]v sDkgL
/lhi6«f/sf] sfof{nodf ;d]t e};s]sf] .
-!)_ ;j{;fwf/0fdf lgisfzg ug{ nfu]sf] z]o/x? lwtf]kq lgisfzg lgb]{lzsfdf tf]lsP adf]lhd k|Tofe"lt u/fPsf] M o;
sDkgLn] ;j{;fwf/0fdf lgisfzg ug{ nfu]sf] z]o/x? lwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$ df tf]lsP adf]lhd
PgcfOljPn P; Soflk6n lnld6]8, nflhDkf6;Fu ;Demf}tf u/L k|Tofe'lt u/fPsf] .
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-0f_ z]o/ /lhi6«f/ ;DaGwL Joj:yf M g]kfn :6s PS;r]Gh lnld6]8df ;"lrs/0f u/] kZrft\ z]o/sf] bflvn vf/]h, b:tvt ?h'
cflb ;DaGwL sfo{ o; sDkgLsf] sfof{noaf6 jf sDkgLsf] ;+rfns ;ldltn] tf]s] adf]lhd z]o/ /lhi6«f/sf] sfof{noaf6 x'g]
u/L Joj:yf ul/g]5 .
-t_ lwtf]kq laqmL v'Nnf cjlw M. o; ljj/0fkq dfkm{t pBf]u k|efljt If]q dsjfgk'/ lhNnfsf jfl;Gbfx?df lgisfzg ul/g]
;fwf/0f z]o/sf] nflu cfj]bg lbg] cjlw #) lbg v'Nnf /xg]5 . pBf]u k|efljt If]q dsjfgk'/sf jfl;GbfxnfO{ hf/L
ul/Psf] z]o/ afF8kmfF8 ePsf] ldltn] # lbg leq ;j{;fwf/0fsf nflu z]o/ lgisfzg v'Nnfsf] nflu cfx\jfgkq k|sflzt
ul/g]5 . ;j{;fwf/0fsf] nflu cfj]bg lbg] cjlw sDtLdf $ sfo{ lbg / j9Ldf #) lbg x'g]5 .
-y_ lwtf]kq lgisfzgsf] qmddf af]8{af6 :jLs[t ePsf] ljj/0fkq nufgLstf{n] ;xh ?kdf x]g{ ;Sg] / pgLx?nfO{ ;'lrt
lg0f{o (Informed decision) df k'Ug ;xh ug]{ p2]Zon] To:tf ljj/0fx? lwtf]kq lgisfzg tyf ljqmL k|aGws l;4fy{
Soflk6n lnld6]8sf] j]e;fO6 www.siddharthacapital.com tyf lgisfzgstf{ sDkgL lzjd\ l;d]G6;\ lnld6]8sf]
j]e;fO6 www.shivamcement.com.np df laqmL aGb geP;Dd /flvg]5 .
-b_ af]8{af6 :jLs[t ePsf] ljj/0fkq ;fj{hlgs lgisfzgsf] nflu k|sfzg ug'{ @ lbg cufl8 ;f] sf] Ps k|lt (Soft Copy)
af]8{sf] j]e;fO6df /fVg] k|of]hgsf] nflu pknAw u/fOg]5 .
u=@#= o; ljj/0fkqdf k|sflzt tYo tyf ljj/0fx? 7Ls b'?:t 5g, ;f] df s'g} km/s k/]df xfdL ;+rfnsx? k"0f{ ?kdf lhDd]jf/
x'g]5f}+ egL ;xL 5fk ug]{ ;+rfns tyf lj1x?sf] gfd tyf b:tvt .
l;=g+= ;+rfnsx?sf] gfd Kfb b:tvt
! >L ;'/]Gb| s'df/ uf]on cWoIf
@ >L /3'gGbg df? ;+rfns
# >L ;lGbk s'df/ zf/bf ;+rfns
$ >L cldt df]/ ;+rfns
% >L /f]lxt u'Ktf ;+rfns
u=@$ lgisfzg tyf laqmL k|aGwssf] k|:t't u/]sf] k|lta4tf kq -8\o' 8]lnh]G;\ ;l6{lkms]6_ sf] k|lt M
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u=@% ljj/0fkq, ljQLo ljj/0f tyf cGo s'g} s'/fdf lj1n] /fo lbPsf] eP ;f] ;DaGwL kq M