sDkgL P]g, @)^# cGtu{t ;+:yflkt / a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)&# adf]lhdsf] sfdsf/f]jf/ ug]{

/lhi68{ sfof{noMkgf}tL gu/kflnsf, j8f g+=–$, sfe]|knf~rf]s, g]kfn .

kmf]g g+=M )!!—$$!)@&, E-mail : aviyanlaghu@gmail.com, Website: www.aviyanlaghubitta.com
sf]
-lwtf]kq ;DaGwL P]g, @)^# sf] bkmf #) tyf sDkgL P]g, @)^# sf] bkmf @# cGtu{t k|sflzt_
ljj/0f—kq
ljQLo ;+:yfsf] hf/L kF"hLsf] ?=@%,)),)),)))÷— sf] #( k|ltztn] x'g cfpg] ?=(,&%,)),)))÷— /sd a/fa/sf] k|lt z]o/ ?=!))÷—c+lst
b/sf (,&%,))) lsQf z]o/ dWo] !@,%)) lsQf z]o/ -)=% k|ltzt_ sd{rf/Lx? tyf $*,&%) lsQf z]o/ -% k|ltzt_ ;fd"lxs nufgL sf]ifsf]
nflu ;'/lIft u/L afFsL /xg] (,!#,&%) lsQf ;fwf/0f z]o/x?sf] ;fj{hlgs lgisfzg ug]{ .
g]6jy{ ;DaGwL ljj/0f
jf:tljs k|If]lkt
ljj/0f cf=a= cf=a= cf=a= cf=a= cf=a=
)&^÷)&& )&&÷)&* )&*÷)&( )&(÷)*) )*)÷)*!
k|lt z]o/ g]6jy{ -?=_ 93.75 105.36 115.05 134.35 170.51
k|lt z]o/ cfDbfgL -?=_ (5.64) 11.60 11.78 19.30 36.16
;+lrt gfkmf÷-gf]S;fg_ -?=xhf/df_ (9,528.52) 3,544.84 26,515.03 64,157.28 134,661.39

b/vf:t ;fy k|lt z]o/ c+lst d"No ?= !))÷– sf] b/n] ztk|ltzt e'QmfgL dfu ul/Psf] .
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"NofÍg ug]{ k|d'v bfloTj nufgLstf{ :jo+sf] x'g]5 / lwtf]kqsf] lgisfzg d'Non]
;"lrs/0f kZrft\ lwtf]kq ahf/df x'g] sf/f]jf/ d"No ghgfpg] x'Fbf o; ljj/0fkqsf] bkmf u=*,k[i7 g+=!$df pNn]lvt hf]lvdx? ;d]tsf] cWoog
u/]/ dfq nufgL ;DaGwL 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] o; ljj/0fkqnfO{ lwtf]kq ;DaGwL P]g, @)^# adf]lhd g]kfn
lwtf]kq af]8{n] :jLs[tL k|bfg u/]sf] 5 . o;/L af]8{n] ljj/0fkq :jLs[tL k|bfg u/]sf] sf/0faf6 s;}n] klg g]kfn lwtf]kq af]8{, sDkgL
/lhi6«f/sf] sfof{no jf ;Da4 cGo lgodg lgsfon] ljj/0fkqdf plNnlvt 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 .

;+:yfks tyf ;+rfnsx? / ;+:yfks z]o/wgLx?sf Psf3/sf] ;b:on] o; k|f/lDes ;fj{hlgs lgisfzgdf cfj]bg lbg kfpg] 5}g tyf
sd{rf/Lx?nfO{ ;'/lIft ul/Psf] z]o/ afF8kmfF8 ePsf] ldltaf6 # -tLg_ aif{ ;Dd vl/b laqmL ug{ aGb]h ul/Psf] 5 .
o; ljj/0fkq cg';f/ ;j{;fwf/0fx?df lgisfzg ul/g] ;fwf/0f z]o/sf] nflu æqm]l86 /]l6Ë lgodfjnL, @)^*Æ sf] lgod # df ePsf] Joj:yf
adf]lhd g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt qm]l86 /]l6Ë ;+:yf O{qmf g]kfn lnld6]8, l8NnLahf/, sf7df8f}+ af6 qm]l86 /]l6Ë u/fO{ o;
cleofg n3'ljQ ljQLo ;+:yf ln= nfO{ ldlt @)&*÷)*÷!& df “ICRANP-IR] BB-” /]l6Ë k|bfg u/]sf] 5 . h;n] sDkgLsf] ljQLo bfloTj
axg ug]{ Ifdtfdf dWod hf]lvd (moderate risk of default regarding timely servicing of financial obligation) /x]sf] [ICRANP-IR] BB-
(Pronounced as ICRA NP issuer rating Double B minus ) hgfpFb5 . ;f] /]l6Ë sf] j}wtf cjlw Ps aif{ /xg]5 . O{qmf g]kfn lnld6]8n]
[ICRANP-IR] AAA b]lv [ICRANP-IR] D ;Ddsf] /]l6Ë k|bfg ub{5 h;df [ICRANP-IR] AAA n] alnof] cfwf/ hgfpF5 [ICRANP-IR]
D n] sdhf]/ cfwf/ hgfpF5 . [ICRANP-IR] B, [ICRANP-IR] C / [ICRANP-IR] D n] cf};t eGbf sd cfwf/ hgfpF5 lbOg] cfwf/x?df
k|of]u ul/g] (Plus) lrGxn] lbOPsf] ;d'xsf] t'nfgfTds ;sf/fTds l:yltnfO{ hgfpF5 . ;f] ;DaGwL ljj/0f o; ljj/0fkqsf] bkmf u=@@ -6_
df pNn]v ul/Psf] 5 . qm]l86 /]l6Ë k|bfg u/]sf] ldlt M @)@!÷!@÷)# qm]l86 /]l6Ë axfn /xg] ldlt M @)@@÷!@÷)@ ;Dd .
g]kfn lwtf]kq af]8{af6 ljj/0fkq :jLs[t ePsf] ldlt M @)&(÷)#÷@$ lwtf]kq lgisfzg v'Nnf x'g] ldlt M @)&(÷)$÷!*
sDkgL /lhi6«f/sf] sfof{nodf ljj/0fkq btf{ ePsf] ldlt M @)&(÷)#÷@( lwtf]kq lgisfzg aGb x'g] ldlt -l56f]df_ M @)&(÷)$÷@@
lwtf]kq lgisfzg aGb x'g] ldlt -l9nf]df_ M @)&(÷)%÷)!
lwtf]kq lgisfzg tyf laqmL k|aGws

1
!= ljj/0fkqdf k|of]u ePsf k|fljlws tyf cGo zAbfjnLsf] kl/efiff M

s_ æljj/0fkqÆ eGgfn] lwtf]kq ;DaGwL P]g, @)^# sf] bkmf #) tyf sDkgL P]g, @)^# sf] bkmf @# cGtu{t k|sflzt ljj/0fx?
ePsf] k'l:tsfnfO{ ;Demg' kb{5 .

v_ ælwtf]kq lgisfzg tyf laqmL k|aGwsÆ eGgfn] d'lQmgfy Soflk6n lnld6]8, gf/fo0frf}/, gS;fn, sf7df08f}+nfO{ ;Demg'
kb{5 .

u_ æsDkgL÷n3'ljQ ljQLo ;+:yfÆ eGgfn] lgisfzgstf{ sDkgL cleofg n3'ljQ ljQLo ;+:yf lnld6]8nfO{ ;Demg' kb{5 .

3_ ælgisfzg a}+sÆ eGgfn] ;fj{hlgs lgisfzgaf6 ;+sng x'g cfPsf] /sdnfO{ hDdf ug{sf] nflu tf]lsPsf] afl0fHo a}+s
tyf /fli6«o :t/sf] ljsf; a}+snfO{ ;Demg' kb{5 .

ª_ æ;+sng s]Gb|Æ eGgfn] g]kfn lwtf]kq af]8{af6 ælwtf]kq vl/b -;fj{hlgs lgisfzg_ ;DaGwL lgb]{lzsf, @)&#Æ adf]lhd
lwtf]kqsf] b/vf:t ;+sng ug{ cg'dlt k|fKt a}+s tyf ljQLo ;+:yfx? / ltgsf zfvf sfof{nox?nfO{ ;Demg' kb{5 .

r_ ælgodg lgsfoÆ eGgfn] g]kfn lwtf]kq af]8{, sDkgL /lhi6«f/sf] sfof{no tyf g]kfn /fi6« a}+snfO{ ;Demg' kb{5 .

5_ æ;+:yfks, ;+rfns, sfo{sf/L k|d'v tyf Aoa:yfkgÆ eGgfn] cleofg n3'ljQ ljQLo ;+:yf lnld6]8sf ;+:yfks, ;+rfns,
sfo{sf/L k|d'v tyf Joj:yfkgnfO{ ;Demg' kb{5 .

h_ æaf]8{Æ eGgfn] g]kfn lwtf]kq af]8{nfO{ ;Demg' kb{5 .

em_ 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/jt{gsf] ljj/0f / n]vf gLlt tyf n]vf ;Fu ;DalGwt l6Kk0fLx? ;d]t hgfpFb5 .

0f_ æcfwf/e't z]o/wgLÆ eGgfn] o; sDkgLsf] r'Qmf kF"hLsf] % k|ltzt jf ;f] eGbf a9L z]o/ wf/0f u/]sf z]o/wgL eGg]
;Demg' kb{5 .

6_ æv'b ;DklQ -g]6jy{_Æ eGgfn] ljQLo ;+:yfsf] jf;nftdf /xg] ;DklQsf] s'n hf]8df afXo bfloTjnfO{ 36fO{ sfod x'g
cfpg] /sd ;Demg' kb{5 .

7_ æk|lt z]o/ cfDbfgLÆ eGgfn] ljQLo ;+:yfsf] cfDbfgLnfO{ pQm ;+:yfsf] hf/L z]o/n] efu ubf{ cfpg] efukmn ;Demg' kb{5.

@= ljj/0fkq tyf b/vf:t kmf/d k|fKt ug]{ / a'emfpg] :yfg M

l;=g+= ljj/0fkq k|fKt ug{ ;lsg] :yfgsf] gfd, 7]ufgf / j]e;fO6

!= d'lQmgfy Soflk6n lnld6]8, gf/fo0frf}/, gS;fn, sf7df08f}+ / j]e;fO6 www.muktinathcapital.com
@= cleofg n3'ljQ ljQLo ;+:yf ln=, kgf}lt $, sfe|] / j]e;fO6 M www.aviyanlaghubitta.com
ljj/0fkq x]g{ kfpg] :yfgsf] gfd, 7]ufgf / j]e;fO6 M
!= g]kfn lwtf]kq af]8{, v'dn6f/, nlntk'/sf] j]e;fO6 M www.sebon.gov.np
l;=g+= b/vf:t kmf/d k|fKt ug]{ / a'emfpg] :yfg M
!= g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt u/]sf ;Dk"0f cf:jf (ASBA) ;]jfdf ;xefuL a}+s tyf ljQLo ;+:yfx?
tyf l;l8P; P08 lSnol/Ë lnld6]8af6 lgdf{0f tyf ;+rfng ul/Psf] cgnfO{g ;km\6j]o/ "Mero Share"
k|of]u u/L l;—cf:jf (C-ASBA) k|0ffnL dfkm{t cfj]bg lbg ;lsg]5 .

2
u=
!= lwtf]kq lgisfzg tyf laqmL k|aGwssf] pb\3f]if0f M
xfdLnfO{ lgisfzgstf{ ;+ul7t ;+:yf tyf o;sf ;+:yfks÷;+rfnsx?n] pknAw u/fPsf] ljj/0f tyf
hfgsf/Lx?sf] cfwf/df o; sDkgLsf] Joj:yfklso, k|fljlws / cfly{s kIfsf] ljZn]if0ffTds cWoogaf6 xfdL
;Gt'i6 x'g'sf] ;fy} ljj/0fkqdf n]lvPsf cfly{s ljj/0fx? / cGo hfgsf/L tYout, k"0f{ / ;xL b]lvPsf]n]
nufgLstf{x?nfO{ nufgL ;DaGwL lg0f{o lng d2t k'Ug] s'/fk|lt ljZj:t eO{ xfdLn] of] ljj/0fkq :jLs[tLsf nflu
g]kfn lwtf]kq af]8{df ælwtf]kq ;DaGwL P]g @)^#Æ / ælwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&#Æ cg'?ksf]
of]Uotf k'u]sf] k|lta4tfkq (Due Diligence Certificate) k|:t't u/]sf 5f}+ .
@= ;+ul7t ;+:yfsf] pb\3f]if0f M
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}+ sL 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}+ .

v_ ;+ul7t ;+:yfsf] hjfkmb]lxtf ;DaGwL pb\3f]if0f M

o; cleofg n3'ljQ ljQLo ;+:yf ln=n] k|sflzt u/]sf] ljj/0fkq, ;fj{hlgs k|:tfj, lj1fkg jf cGo s'g} ;"rgfdf
pNn]v ePsf ljj/0fx? 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_ lgodg lgsfosf] lgodg Joj: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,
g]kfn /fi6« a}+s cflb_ 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 pNn]lvt ;Demf}tf jf
cGo ljj/0fx? g]kfn lwtf]kq af]8{, g]kfn /fi6« a}+s / sDkgL /lhi6«f/sf] sfof{nodf k]z u/]sf 5f}+ .

3_ ;+:yfks, ;+rfns tyf sfo{sf/L k|d'v ;DaGwL pb\3f]if0f M

!= o; ljQLo ;+:yfsf] ;+:yfks, ;+rfns jf sfo{sf/L k|d'v shf{ ;"rgf s]Gb|sf] sfnf] ;"rLdf /x]sf 5}gg\ .
@= o; ljQLo ;+:yfsf] ;+rfns jf sfo{sf/L k|d'v sfnf];"rLdf /x]sf] cGo ;+ul7t ;+:yfdf ;+rfns jf sfo{sf/L
k|d'v 5}gg\ .
#= ;fj{hlgs lgisfzg dfkm{t ;j{;fwf/0faf6 kF"hL ;+sng u/L j]kQf ePsf jf ;+rfngdf g/x]sf jf nufgLstf{
x?sf] lxt ljk/Lt x'g] sfo{ u/]sf] ;+ul7t ;+:yfsf] ;+rfns jf sfo{sf/L k|d'v o; n3'ljQ ljQLo ;+:yfsf]
;+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'dlt vf/]h ePsf]
bz jif{ k"/f gePsf] ;+ul7t ;+:yfsf] ;+rfns jf sfo{sf/L k|d'v o; ljQLo ;+:yfsf] ;+rfns jf sfo{sf/L
k|d'v 5}gg\ .
%= o; ljQLo ;+: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
s= ;+ul7t ;+:yfsf] k[i7e"dL M
-c_ ;+:yfsf] gfd M cleofg n3'ljQ ljQLo ;+:yf ln= (Aviyan Laghubitta Bittiya Sanstha Ltd.)
-cf s'g P]g cGtu{t :yflkt ePsf] ;f] s'/f M o; ljQLo ;+:yf sDkgL P]g, @)^# adf]lhd ldlt @)&%÷!@÷@$ df g]kfn
;/sf/, sDkgL /lhi6«f/sf] sfof{nodf klAns sDkgLsf] ?kdf btf{ ePsf] xf] . a}+s tyf ljQLo ;+:yf ;DaGwL P]g,
@)&# cg';f/ ldlt @)&^÷^÷! df g]kfn /fi6« a}+saf6 ljQLo sf/f]af/ ug{ :jLs[t k|fKt u/L /fli6«o :t/sf] æ3Æ ju{sf]
n3'ljQ ljQLo ;+:yfsf] x}l;otn] ldlt @)&^÷*÷! ut]b]lv n3'ljQ sf/f]af/ ;~rfng ub}{ cfO/x]sf] 5 .
-O_ ;+:yfsf] /lhi68{ 7]ufgf M o; ljQLo ;+:yfsf] /lhi68{ sfof{no kgf}tL gu/kflnsf j8f g+— )$, sfe|]knfGrf]sdf /x]sf]
5.
-O{_ sf/f]jf/ ug]{ d'Vo :yfg M o; ljQLo ;+:yfsf] sf/f]jf/ ug]{ :yfg g]kfn /fHoe/ /x]sf] 5 . ldlt @)&* r}t d;fGt ;Dd
o; ljQLo ;+:yfn] @! lhNnfx?df ^) j6f zfvf sfof{nox? :yfkgf u/L n3'ljQ sf/f]af/ ub}{ cfO/x]sf] 5 /
cfjZostf cg';f/ g]kfn /fi6« a}+ssf] :jLs[t lnO{ zfvf, pkzfvf jf cGo sfof{no vf]ln ljQLo sf/f]af/ ug{ ;Sg]5 .
xfn o; ljQLo ;+:yfn] /lhi68{ sfof{nosf] cnfjf b]xfosf :yfgx?df /x]sf] zfvf sfof{nox?af6 cfkm\gf] n3'ljQ
sf/f]af/ ub}{ cfO/x]sf] 5 .
qm=;+= sfof{nosf] gfd sfof{no /x]sf] :yfg
!= zfvf sfof{no, kgf}tL kgf}tL gu/kflnsf, sfe|]
@= zfvf sfof{no, em'Dsf /fdw'gL gu/kflnsf, ;'g;/L
#= zfvf sfof{no, lr/f}nL ef]qmfxf g/l;+x ufp“kflnsf, ;'g;/L
$= zfvf sfof{no, rqm3§L a/fxIf]q gu/kflnsf, ;'g;/L
%= zfvf sfof{no, kf]v/Lahf/ r}gk'/ gu/kflnsf, ;+v'jf;ef
^= zfvf sfof{no, cf}+;Lahf/ k]mbfk ufpFkflnsf, t]x|y'd
&= zfvf sfof{no, vf]n]l;dn sflnsf gu/kflnsf, lrtjg
*= zfvf sfof{no, u}8fsf]6 u}+8fsf]6 gu/kflnsf, gjnk'/
(= zfvf sfof{no, ndxL ndxL gu/kflnsf, bfª
!)= zfvf sfof{no, b+uLz/0f b+uLz/0f ufpFkflnsf, bfª
!!= zfvf sfof{no, a]naf/L a]naf/L gu/kflnsf, df]/ª
!@= zfvf sfof{no, xl8of rf}b08L gu/kflnsf, pbok'/
!#= zfvf sfof{no, 6+sLl;g'jf/L a'l9uFuf gu/kflnsf, df]/ª
!$= zfvf sfof{no, e'/LufpF 7fs'/afaf gu/kflnsf, alb{of
!%= zfvf sfof{no, xjnbf/k'/ sf]xnk'/ gu/kflnsf, afFs]
!^= zfvf sfof{no, ?kgL ?kgL ufpFkflnsf, ;Kt/L
!&= zfvf sfof{no, eujfgk'/ eujfgk'/ ufp“kflnsf, l;/fxf
!*= zfvf sfof{no, ;'vLk'/ ;'vLk'/ gu/kflnsf, l;/fxf
!(= zfvf sfof{no, ;Ltfk'/ nIdLk'/ktf/L ufpFkflnsf, l;/fxf
@)= zfvf sfof{no, tf/fk§L ldlynf laxf/L ufpkflnsf, wg'iff
@!= zfvf sfof{no, ob's'xf zlxb gu/kflnsf, wg'iff
@@= zfvf sfof{no, xg'dfggu/ s+sflngL gu/kflnsf, ;Kt/L
@#= zfvf sfof{no, 9Ns]a/ ldlynf gu/kflnsf, wg'iff
@$= zfvf sfof{no, lkk/f lkk/f gu/kflnsf, dxf]Q/L
@%= zfvf sfof{no, uf}zfnf uf}zfnf gu/kflnsf, dxf]Q/L
@^= zfvf sfof{no, ;'sb]jrf]s od'gf dfO{ gu/kflnsf, /f}tx6
@&= zfvf sfof{no, b'wf}nL b'wf}nL gu/kflnsf, l;Gw'nL
@*= zfvf sfof{no, lj/]lgofahf/ /+u]nL gu/kflnsf, df]/ª
@(= zfvf sfof{no, af]b]a;f{O{g af]b]a;f{O{g gu/kflnsf, ;Kt/L
#)= zfvf sfof{no, /fduf]kfnk'/ /fduf]kfnk'/ gu/kflnsf, dxf]Q/L
#!= zfvf sfof{no, ehgL ehgL gu/kflnsf, s}nfnL
#@= Zffvf sfof{no, rf}dfnf uf}/Lu+uf gu/kflnsf, s}nfnL
##= Zffvf sfof{no, afF;u9L afF;u9L gu/kflnsf, alb{of
#$= Zffvf sfof{no, emnf/L z'Snfkmf“6f gu/kflnsf, s~rgk'/
#%= Zffvf sfof{no, cfO{ljcf/8L k'gjf{; gu/kflnsf, s~rgk'/
4
 qm=;+= sfof{nosf] gfd sfof{no /x]sf] :yfg
#^= Zffvf sfof{no, ;f]gfk'/ b'xaL gu/kflnsf, ;'g;/L
#&= Zffvf sfof{no, ah'{ ah'{ ufpFkflnsf, ;'g;/L
#*= Zffvf sfof{no, bn]nL sfg]kf]v/L ufpFkflnsf, df]/ª
#(= Zffvf sfof{no, ;'gj;L{ ;'gj;L{ gu/kflnsf, df]/ª
$)= Zffvf sfof{no, cfdaf/L /t'jfdfO{ gu/kflnsf, df]/ª
$!= Zffvf sfof{no, xNbLaf/L xNbLaf/L ufpFkflnsf, emfkf
$@= Zffvf sfof{no, srgsjn srgsjn ufpFkflnsf, emfkf
$#= Zffvf sfof{no, afx|la;] ;efkf]v/L ufpFkflnsf, ;+v'jf;ef
$$= Zffvf sfof{no, a'4zflGt a'4zflGt ufpFkflnsf, emfkf
$%= Zffvf sfof{no, dxfgGb rf]s ch'{gwf/f gu/kflnsf, emfkf
$^= Zffvf sfof{no, t'N;Laf/L sGsfO{ gu/kflnsf, emfkf
$&= Zffvf sfof{no, s]/vf sdn ufpFkflnsf, emfkf
$*= Zffvf sfof{no, bds bds gu/kflnsf, emfkf
$(= Zffvf sfof{no, ;'Gb/x/}Orf ;'Gb/x/}Orf gu/kflnsf, df]/ª
%)= Zffvf sfof{no, a'4gu/ hxbf ufpFkflnsf, df]/ª
%!= Zffvf sfof{no, a/dlemof sGrg?k gu/kflnsf, ;Kt/L
%@= Zffvf sfof{no, wgu9LdfO{ wgu9LdfO{ gu/kflnsf, l;/fx
%#= Zffvf sfof{no, sNof0fk'/ sNof0fk'/ gu/kflnsf, l;/xf
%$= Zffvf sfof{no, aL/]Gb|ahf/ u0f]zdfg rf/gfy gu/kflnsf, wg'iff
%%= Zffvf sfof{no, Ps8fF/f Ps8fF/f ufpFkflnsf, dxf]Q/L
%^= Zffvf sfof{no, cd/fjtL hfgsL ufpFkflnsf, s}nfnL
%&= Zffvf sfof{no, 3f]8f3f]8L 3f]8f3f]8L gu/kflnsf, s}nfnL
%*= Zffvf sfof{no, ;'sfzfn ledbQ gu/kflnsf, sGrgk'/
%(= Zffvf sfof{no, aL/]Gb|gu/ aL/]Gb|gu/ gu/kflnsf, ;'v]{t
^)= Zffvf sfof{no, dfg]eGHofª vfFbaf/L gu/kflnsf, ;+v'jf;ef

-p_ ;+ul7t ;+:yfsf] :yfkgfsfn b]lv xfn ;Ddsf] ;+lIfKt Oltxf; / ;+ul7t ;+:yfsf] d"Vo p2]Zox? M
o; ljQLo ;+:yf sDkgL P]g, @)^# adf]lhd ldlt @)&%÷!@÷@$ df g]kfn ;/sf/, sDkgL /lhi6«f/sf] sfof{nodf
klAns sDkgLsf] ?kdf btf{ ePsf] xf] . a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)&# cg';f/ ldlt @)&^÷^÷! df g]kfn
/fi6« a}+saf6 ljQLo sf/f]af/ ug{ :jLs[t k|fKt u/L /fli6«o :t/ sfo{If]q ePsf] æ3Æ ju{sf] ljQLo ;+:yfsf] x}l;otn]
ldlt @)&^÷*÷! ut] b]lv n3'ljQ sf/f]af/ ;~rfng ub}{ cfO/x]sf] 5 . o; ljQLo ;+:yfsf ;+:yfksx?df d]uf a}+s
ln=, s'df/L a}+s ln= nufot ;/sf/L, u}/ ;/sf/L, z}lIfs If]q, s[lif, pBf]u tyf Aofkf/ If]q Pj+ Joj:yfkg If]qdf nfdf]
;do b]lv bvn ePsf k|ltli7t JolQmx? /xg' ePsf] 5 .
ljQLo ;+:yfsf] k|aGwkqsf] bkmf $ tyf lgodfjnLsf] lgod $ df pNn]v ul/P adf]lhd g]kfn /fi6« a}+s P]g, @)%*,
a}+s tyf ljQLo ;+:yf ;DjGwL P]g, @)&#, sDkgL sfg"g tyf cGo k|rlnt sfg"gsf] clwgdf /xL ljQLo sf/f]af/ ug]{
o; ljQLo ;+:yfsf] d'Vo p2]Zox? b]xfo adf]lhd x'g]5 M
-!_ ljQLo ;+:yfsf] lgIf]kstf{sf] xs–lxtsf] ;+/If0f / ;Dj4{g ub{} :j:y k|lt:kwf{af6 ;j{;fwf/0fnfO{ u'0f:t/Lo tyf e/kbf{]
ljQLo dWo:ytf ;]jf pknJw u/fpg],
-@_ s[lif, pBf]u, ;]jf, Aofkf/ tyf cGo Aoj;flos ¿kn] ;DefJo b]lvPsf pTkfbgzLn Joj;fosf] :yfkgf, ljsf;, la:tf/
/ Ifdtf Pjd\ pTkfbsTj j[l4sf nflu cfjZos ljQLo ;fwg cfGtl/s tyf afXo ;|f]taf6 h'6fO{ b]zsf] cf}Bf]lus,
Aofkfl/s Pj+ s[lif If]qsf] ljsf;df ultlzntf Nofpg ;xof]u k'¥ofpg],
-#_ pknAw ;Lk, >d tyf k'FhLnfO{ plrt ?kdf kl/rfng u/L u|fdL0f tyf zx/L If]qdf pTkfbg Pjd\ /f]huf/Ld"ns
Aoj;fosf] :yfkgf, ;~rfng, ljsf;, lj:tf/ Pjd\ k|j4{g ug]{ / ;f] sfo{sf] nflu cfjZos ljQLo ;fwg, k|fljlws tyf
Aoj:yfksLo k/fdz{ ;]jf, tflnd tyf k|ljlw pknAw u/fO{ ul/aL lgjf/0fsf nflu ;lqmo ¿kdf ;+nUg eO{ ;xof]u
k'¥ofpg],
-$_ ljQLo ;]jfdf hf]lvd sd ub}{ ljQLo If]qsf] pbf/Ls/0fdf d2t k'¥ofO{ b]zsf] cy{tGqnfO{ ;an tyf ;'b[9 agfpg
;xof]u k'¥ofpg], /
-%_ b]zsf] ;du| ljQLo k|0ffnL k|lt ;j{;fwf/0fsf] ljZjf;gLotf clej[l4 ug{ ;xof]u k'¥ofpg],
-pm_ ;+ul7t ;+:yfsf] s'g} ;xfos sDkgL ePdf ;f] ;xfos sDkgLsf] gfd, Oltxf; / To;sf d'Vo p2]Zox?sf ;fy} To;df
ePsf] nufgLsf] c+z -k|ltztdf_ M
;f] gePsf] .
5
-P_ cGo ljj/0fx? M
-!_ ;+ul7t ;+:yfn] pTkfbg ug]{ j:t' jf k|bfg ug]{ ;]jfx? M
ljQLo ;+:yfn] k|bfg ug]{ d'Vo ;]jfx?df n3'ljQ sfo{qmd dfkm{t ;b:ox?sf] lgIf]k -art_ ;+sng, shf{ k|jfx /
;b:ox? tyf u}/ ;b:ox?nfO{ lak|]if0f e'QmfgL ;]jf ;d]t /x]sf 5g\ .
-@_ k|of]u ePsf] jf ul/g] k|ljlw M
ljQLo ;+:yf ;]jf k|bfos sDkgL ePsf]n] dfly v08 -!_ df pNn]lvt ;]jf k|bfg ug{ cfjZos k|ljlw ;DkGg /x]sf]5 .
-#_ s'g} a|f08g]d, k|ltlnkL clwsf/, 6«]8dfs{, Ohfhtkq, k|fljlws ;xof]u ;Demf}tf / ;+ul7t ;+:yf;Fu ;DalGwt af}l4s
;DklQ xs clwsf/ M ;f] gePsf] .
-$_ ;+ul7t ;+:yfn] cf]u6]sf] ahf/ If]qM
ldlt @)&^÷^÷! ut] ljQLo ;+:yfsf] ?kdf n3'ljQ sf/f]af/ ug{ g]kfn /fi6« a}+saf6 Ohfhtkq k|fKt u/L ldlt
@)&^÷*÷! ut]b]lv /fli6«o :t/sf] æ3Æ au{sf] ljQLo ;+:yfsf] x}l;otn] cfkm\gf] n3'ljQ sf/f]af/ ;+rfng ub}{ cfPsf]
5 . ldlt @)&* r}t d;fGt ;Dd ljQLo ;+:yfn] @! lhNnfx?df ^) j6f zfvf sfof{nox?, :yfkgf u/L n3'ljQ
sf/f]af/ ub}{ @&,#^) hgf ljkGg ju{sf dlxnfx?nfO{ ;d"xdf cfa4 u/L cfkm\gf] n3'ljQ ;]jf k|bfg u/]sf] 5 .
cf=a=@)&*÷)&( sf] r}t d;fGtsf] cjlw ;Dddf ljQLo ;+:yfsf] art ?= @( s/f]8 !( nfv (* xhf/ / shf{
nufgL ?= @)* s/f]8 (^ nfv (! xhf/ /x]sf] 5 .
-%_ gofF pTkfbg tyf ;]jf ;DaGwL of]hgf M
;do ;fk]If cg';f/ n3'ljQLo ;]jfx? -;b:ox?df n3'shf{ k|jfx / n3'jrt ;+sng, aLdf / ljk|]if0f ;]jf cflb_ sf]
ljsf; u/L ;DefAo u|fxsx?sf] klxrfg u/]/ cfkm\gf] Aofkf/ lj:tf/ ug]{ of]hgf /x]sf] 5 . ;fy} o; ljQLo ;+:yfsf
;]jf ;DaGwL of]hgf b]xfo adf]lhd /x]sf 5g\ M
 rfn' cfly{s aif{df cGo n3'ljQ ;+:yfsf] pkl:ylt sd ePsf xfn sfo{qmd lj:tf/ ePsf lhNnfx?df tyf yk
lhNnfsf pko'Qm ;+:yfx?df ;DefAotf cWoog u/L zfvf sfof{no :yfkgf u/L sfo{qmd lj:tf/ ug]{, s]Gb| a}7snfO{
cem k|efjsf/L agfpg k'gtf{huL tflnd tyf ljQLo ;fIf/tf sIff ;+rfng ug]{, u|fxs ;b:osf] Ifdtf tyf
cfjZostf cflbsf] kof{Kt ljZn]if0f u/]/ u'0f:t/Lo shf{ nufgL ub}{ shf{ sf/f]af/ a[l4 ug]{, art a[l4df laz]if hf]8
lbg] / art tyf shf{sf gofF ;]jf ljsf; ug]{ nIo lnOPsf] 5 .
 k|aGwkq tyf lgodfjnLdf /x]sf p2]Zo adf]lhd yk sfo{x? ub}{ hfg] nIo /x]sf] 5 .
-^_ pTkfbg tyf ;]jfsf] k|d'v ahf/ / To;sf] dfu / laqmL ljt/0fsf] tl/sf M
ljQLo ;+:yfsf] k|d'v ahf/ g]kfn /fHoe/ /x]sf] 5 . /fli6«o :t/sf] æ3Æ ju{sf] ljQLo ;+:yfsf] x}l;otn] cfkm\gf]
n3'ljQ sf/f]af/ ;+rfng ub}{ cfPsf] 5 . ldlt @)&* r}t d;fGt ;Dd ljQLo ;+:yfn]] @! lhNnfx?df ^) j6f zfvf
sfof{nox? :yfkgf u/L n3'ljQ sf/f]af/ ub}{ @&,#^) hgf ljkGg ju{sf dlxnfx?nfO{ ;d"xdf cfa4 u/L cfkm\gf]
n3'ljQ ;]jf k|bfg u/]sf] 5 . eljiodf x/]s ju{sf u|fxssf] cfjZostf cg'?k ;]jfx? pknAw u/fpFb} n}hfg] nIo
/x]sf] 5 / g]kfn /fi6« a}+ssf] :jLs[tL cg'?k yk zfvf, pkzfvf tyf cGo sfof{nox? lj:tf/ ub}{ ljleGg ju{sf
u|fxsx?nfO{ ;]jfx? k|bfg u/fpFb} n}hfg] o; ;+:yfsf] of]hgf /x]sf] 5 .
-&_ pTkfbg÷;+rfng Ifdtf / ;f] sf] pkef]u l:ylt M
a}+s tyf ljQLo ;+:yfx?df nfdf] cg'ej xfl;n ug'{ ePsf ;~rfns÷Joj:yfkg bIftfsf] cfwf/df o; ljQLo ;+:yfn]
:yfkgfsf] 5f]6f] ;dodf g} n3'ljQLo ahf/sf] /fd|f] lx:;f cf]u6\g / cfkm\gf ;]jfu|fxLx?nfO{ /fd|f] ;]jf k|bfg ug{ ;kmn
/x]sf] b]lvG5 . o; ljQLo ;+:yfsf] hDdf @!# hgf sd{rf/Lx?n] @&,#^) hgf s'n u|fxs ;b:ox?nfO{ ljQLo ;]jf
pknAw u/fOPsf] 5 . ;fy}, cf=a=@)&*÷)&( sf] r}t d;fGt ;Dddf s'n lgIf]k -art_ ?=@(,!(,(*,)%$÷— / s''n
shf{ ;fk6 ?=@,)*,(^,(!,@#^÷— /x]sf] 5 .
-*_ sRrf kbfy{sf] >f]t, lsl;d / pknAwtf M ;f] gePsf] .
-(_ u'0f lgoGq0fsf] nflu ul/Psf] Joj:yf M
a}+s tyf ljQLo ;+:yf, z}lIfs If]q, ;/sf/L÷u}/ ;/sf/L ;]jf, pBf]u Pj+ Aofkfl/s If]qdf nfdf] cg'ej xfl;n ug'{
ePsf ;~rfns÷Joj:yfkg ;d"x ;]jfu|fxLx?sf] u'0f:t/Lo ;]jf, ;'ljwf tyf ;Gt'li6sf] nflu ;b}j tTk/ /x]sf] 5g\ .
-!)_ cg';Gwfg tyf ljsf; M
g]kfnsf] a}+lsË tyf ljQLo If]qdf k|lt:kwf{Tds l:ylt /x]sf] cfhsf] k[i7e'lddf ljQLo ;+:yfn] cg';Gwfg tyf
ljsf;nfO{ pRr k|fyldstf lbO{ ;f] sfo{sf] nflu ljQLo ;+:yfsf pRr kbflwsf/Lsf] dftxtdf Pp6f 5'§} æof]hgf tyf
cg';GwfgÆ PsfO{ v8f ul/g]5 . h;n] gofF ;]jfx?sf] ljsf; dfq geO{ xfn k|bfg ul/Psf ;]jfx?df ;do ;fk]If
?kdf cfjZos kl/dfh{gx? ug]{, gofF ;]jfx?sf] pko'Qmtfsf] ;DaGwdf Joj:yfkgnfO{ ;'emfj pknAw u/fpg]5 . ;fy}
ljQLo ;+:yfn] u|fxsau{df gofF lgIf]ksf] of]hgfx?, u|fxsd'vL ;/n shf{ ;'ljwf / ljZj;gLo gofF gofF k|ljlwsf] k|of]u
u/L cfkm\gf u|fxsx?nfO{ k|lt:kwf{Tds Pj+ u'0f:t/Lo ;]jf k|bfg ug]{ nIo /fv]sf] 5 .
!!_ ljut !@ dlxgfsf] cjlwdf ;+:yfsf] ;+rfngdf c;/ kg]{ u/L ePsf] afwf, Jojwfg M
ljZjAofkL dxfdf/Lsf] ?kdf km}lnPsf] sf]le8 !( n] ubf{ cy{tGqnfO{ g} k|efljt kf/]sf] / g]kfn klg o;af6 hf]lug
;s]sf] 5}g, o; ljifd kl/l:yltdf b}lgs ?kdf ;+rfng ug'{ kg]{ Aofkf/, Joj;fo, pBf]u wGbf nfdf] ;do ;Dd aGb
6
 x'Fbf n3'ljQ ljQLo ;+:yfnfO{ ;d]t o; dxfdf/Ln] g/fd|f] k|efj kf/]sf] 5 . cy{tGqsf] ;du| If]qdf kg{ uPsf] c;/n]
shf{ c;'nL k|s[ofdf kg{ ;Sg] hf]lvd oyfjt /xg]5 / u|fxssf] Joj;fodf cfPsf] dGbLsf sf/0f shf{ k|jfxdf sdL
cfpg ;Sg]5 . h;n] ubf{ ;+:yfsf] Joj;fo lj:tf/ tyf gfkmfdf ;d]t c;/ kfg{ ;Sg] b]lvG5 .
-!@_ 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
xfn n3'ljQ ;+:yfx?sf] ;+Vof lbg k|ltlbg a9\b} uO/x]sf] 5 . h;n] ubf{ n3'ljQ ;DaGwL sfo{qmdsf] lj:tf/ / ;]jf
k|bfg ug{sf nflu gofF :yfg tyf If]qx?sf] klxrfg u/L n3'ljQ ;DaGwL sfo{qmd ;+rfng ug{ r'gf}tL b]lvPsf] 5 .
Ps} :yfgdf w]/} n3'ljQ ;+:yfx?sf] pkl:yltn] ahf/ cToGt} k|lt:kwL{ ePsf] 5 . Pp6} u|fxsn] Ps eGbf a9L n3'ljQ
;+:yfx?af6 ;d]t u/L bf]xf]/f] shf{ ;'ljwf pkof]u ug]{ cj:yf ;[hgf ePsf] 5 . h;n] ubf{ shf{sf] u'0f:t/ sfod ug{
sl7gfO{ tyf r'gf}tL b]lvPsf] 5 . To;} u/L bIf sd{rf/Lx?nfO{ l6sfO /fVg klg TolQs} ;d:of b]lvPsf] 5 . pk/f]Qm
n3'ljQ ahf/sf] cj:yf, k|lt:kwf{ / cGo ljQLo ;+:yfx?sf] pkl:yltsf] afah'b o; ljQLo ;+:yfn] s'zntfk"j{s
cfkm\gf ljQLo sf/f]af/ ;+rfng u/L cfkm\gf] ljQLo l:yltnfO{ dha'b agfpFb} nu]sf] 5 . ljQLo sf/f]af/sf] lx;fjn]
s]jn sl/j @ jif{ cjlwsf] ljQLo ;+:yf ePtfklg cfkm\gf sfo{If]qdf ;+rflnt cGo ;dfg ljQLo ;+:yfx? aLr o;
ljQLo ;+:yfn] cfkm\gf l:yltnfO{ dha'b agfpFb} nu]sf] 5 . of] ljQLo ;+:yf ;+rfngsf] bf];|f] jif{ b]lv g} d'gfkmfdf
;+rfngdf /x]sf] 5 eg] ;dfg k|s[ltsf ;+:yfx? aLr k|lt:kwf{ ePtfklg cfkm\gf] 5'§} klxrfg agfpg ;d]t ;kmn eO{
ahf/df pNn]Vo :yfg / lx:;f cf]u6\g ;kmn /x]sf] 5 .
;a} n3'ljQ ljQLo ;+:yf -;dfg k|s[ltsf ;+:yf_ / cleofg n3'ljQ ljQLo ;+:yf ln=@)&* r}q d;fGt ;Ddsf]
cj:yf tn pNn]v u/] adf]lhd /x]sf] 5 .

qm=; ljj/0f cleofg n3'ljQ ljQLo ;+:yf ;a} n3'ljQ ljQLo ;+:yf k|ltzt -s÷v_=!))
ln= sf] @)&*.!@.#) ;Dd ln= sf] @)&*.!@..#) ;Dd
?= nfvdf -v_ ?= nfvdf
! s'n zfvf ;+Vof ^) %,)@) !=@)
@ s'n s]Gb| ;+Vof @,#%^ $,!(,&#& )=%^
# s'n ;b:o ;+Vof @&,#^) %&,&@,!%% )=$*
$ s'n C0fL ;+Vof !*,(!^ #@,$&,@&^ )=%*
% lgIf]k /sd @,(!(=(* !%,@%,@#@ )=!(
^ s'n shf{ tyf ;fk6 @),*(^=(! %^(,^&$ #=^&
/sd
;|f]tM g]kfn /fi6« a}+ssf], n3'ljQ ljQLo ;+:yfx?sf] t];|f] qodf;sf] ljj/0f,@)&* r}t

-!$_ k|d'v u|fxsx?sf] ljj/0f -h:t}—;+:yfsf] s'n sf/f]af/df !) k|ltzt 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 ;f] gePsf] .
-!%_ k|d'v ;Knfo;{x?sf] ljj/0f -h:t}—;+:yfsf] s'n sf/f]af/df !) k|ltzt 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 M ;f] gePsf] .

v= ;DklQsf] ljj/0f M

-c_ ;+ul7t ;+:yfsf] pks/0f -KnfG6_ tyf cGo ;DklQ /x]sf] :yfg / pks/0f tyf ;DklQsf] cj:yf M
ljQLo ;+:yfsf] cf=a=)&&÷)&* ;Ddsf] ;DklQsf] cj:yf tn pNn]v u/] adf]lhd /x]sf] 5 .
;DklQ o; aif{ ut jif{
ljj/0f kl/jxg ;fwg sfof{no ;fdfg cGo -?=_ -?=_
k/ndf]n
s=ut jif{sf] df}Hbft 256,900 8,868,463 2,246,674 11,372,037 3,060,425
v=o; jif{ yk 274,900 3,269,673 401,508 3,946,081 8,311,612
u=o; jif{ k"gd"{Nof°g÷k'gn]{vg — — — — —

3=o; jif{sf] ljqmL — — — — —

ª=o; jif{sf] ckn]vg — — — — —

s'n k/ndf]n 531,800 12,138,137 2,648,182 15,318,118 11,372,037

x|f;s§L
s=ut jif{ ;Ddsf] 19,426 1,041,144 299,107 1,359,677
v=o; jif{sf] 38,671 1,680,060 449,245 2,167,976 1,359,677

7
 u=x|f;s§L k"gd{"Nof°g÷k"gn]{vg — — — — —

3=o; jif{sf] ljqmL — — — — —

s"n x|f;s§L 58,097 2,721,204 748,352 3,527,653 1,359,677

a"s Eofn" 473,703 9,416,933 1,899,830 11,790,466 10,012,361
hUuf
k"+hLut lgdf{0f
hDdf 473,703 9,416,933 1,899,830 11,790,466 10,012,361
dfly pNn]lvt ;DklQx? rfn' cj:yfdf /x]sf tyf pQm ;DklQx? ;+:yfsf] d'Vo sfof{no tyf zfvf sfof{nox?df
/x]sf 5g\ .
-cf_ aF"bf -c_ 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
pQm a'Fbf -c_ df pNn]lvt ;DklQx? ljQLo ;+:yfsf] cfkm\g} :jfldTjsf] xf] .
-O_ 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
;f] gePsf] .
-O{_ 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
ljQLo ;+:yfsf] ;Dk"0f{ ;DklQ jf:tljs vr{sf] lx;fjdf sfod ul/Psf] / xfn ;Dddf k'gd"{NofÍg gul/Psf] x'Fbf
lstfjL d"No / ahf/ d"No aLr km/s gePsf] .
-p_ ;DklQsf] d"Nof+sg ul/Psf] tl/sf ;DaGwL ljj/0f M
k/ndf]ndf lgodfg';f/ ug'{kg]{ x|f; s§L u/L n]vfdfg cg';f/ afFsL /x]sf] jf:tljs ;DklQnfO{ ;DklQsf] ?kdf
/flvPsf] 5 / ;f] sf] k'gd"{NofÍg ul/Psf] 5}g\ .
u= efjL of]hgf tyf /0flgtL M
-c_ Joj;fo÷;]jfsf] a[l4sf nflu ;+:yfsf] efjL of]hgf / To:tf] of]hgfsf] k|flKtsf nflu rflng] ;doj4 /0fgLlt M
ljQLo ;+:yfn] cfkm\gf] Joj;fo÷;]jfsf] a[l4sf nflu rflng] efjL of]hgf / To:tf] of]hgfsf] k|flKtsf nflu rflng]
;doa4 /0fgLlt lgDgfg';f/ 5g\ .
 cfufdL lbgx?df pko'Qm :yfgdf cfjZostf / k|ltkmnsf] l;4fGtsf] cfwf/df zfvf la:tf/df yk hf]8 lbg] .
 o; ljQLo ;+:yfn] cfkm\gf zfvf lj:tf/sf] cfwf/df k|efjsf/L ?kn] lgIf]k ;+sng tyf shf{ k|jfx ug]{ .
 eljiodf ;d]t u|fxsx?af6 dfu eP adf]lhd tyf ;+efJo pko'Qm n3'ljQLo ;]jf ;'ljwfx? cfkm\gf u|fxs ju{df
Nofpg k|oTg/t /xg] 5 .
 o; ljQLo ;+:yfaf6 ;]jf lnO{ cfo cfh{g d'ns sfo{ u/L hLjg:t/ psf:g nfnflot ;b:ox? ;d"xdf k|j]z
u/fpg hf]8 lbO{ ;b:o ;+Vof a[l4 Nofpg] / ;kmn ;b:ox?nfO{ k|f]T;fxg, ;Ddfg ug]{ .
 ;du| shf{sf] u'0f:t/nfO{ pRr:t/df /fVg] / shf{ tyf ;fk6df k|fKt x'g] k|ltkmnnfO{ pRr /fVg shf{ nufgLdf
ljljlws/0f ug]{ .
 u'0f:t/Lo ;]jfu|fxLx?sf] ;+Vofdf a[l4 ub}{ n}hfg] .
 ;+:yfut ?kdf ;an aGg tyf ;b:ox?nfO{ yk ;]j ;'ljwf pknAw u/fpgsf] nflu dh{/ tyf k|flKtsf]
;Defjgfsf] vf]hL ug]{ . n3'ljQLo ;]jfnfO{ k|efjsf/L / ;b:osf] cfjZostf kl/k"lt{sf] k|efjsf/L dfWod agfpg]
pkfo, tf}/tl/sfsf] vf]hL ug]{ .
 ;j{;fwf/0fx?df ;fwf/0f z]o/ hf/L u/L o; ljQLo ;+:yfsf] r'Qmf kF"hL j[l4 u/L ?=@%,)),)),)))÷— k'¥ofpg] .
 ljQLo ;+:yfsf] k|aGwkqsf] bkmf $ df pNn]v eP adf]lhdsf p2]Zox? xfl;n ug{sf nlu n3'ljQ sf/f]af/x?
lj:tf/ ub}{ n}hfg] .
 g]kfn /fi6« a}+saf6 “3” ju{sf] Ohfhtkq k|fKt n3'ljQ ljQLo ;+:yfx?nfO{ hf/L ul/Psf] Plss[t lgb]{zg @)&*
sf] lgb]{zg g+ ^ =@-u_ adf]lhd /fli6«o :t/sf ;+:yfn] sDtLdf tlg jif{df Ps k6s System Audit ug]{ ;DaGwdf,
o; ljQLo ;+:yfn] cfufdL @)&( >fj0f dlxgf leq ;DkGg ug{ cfjZos sfo{ ul//x]sf] Joxf]/f hfgsf/L ub{5f} .
-cf_ k|lt:kwf{, ljBdfg cfly{s l:ylt / ;dfg lsl;dsf] pBf]usf] l:yltsf] cfwf/df ;+ul7t ;+:yfsf] eljio M
xfn b]zsf] ljQLo jftf/j/0f cToGt k|lt:kwf{Tds 5 / ;f]xL sf/0fn] ubf{ o; ljQLo ;+:yfn] cfkm\gf] pNn]lvo If]q
cf]u6\g ljleGg /0flgtLsf ;fy cl3 a9]sf] 5 . ljutsf] 5f]6f] cjlwdf g} w]/} n3'ljQ ;]jf k|bfos ;+:yfx? / :yfgLo
txdf ;xsf/L ;+:yfx? :yfkgf eO{ ;+rfngdf cfO/x]sf 5g\ . of] kl/l:yltn] ubf{ Ps tkm{ b]zsf] a}+lsË jftfj/0f al9
k|lt:kwf{Tds x'g] b]lvG5 eg] csf]{ tkm{ xfn ljZjJofkL dxfdf/Lsf] ?kdf b]vf k/]sf] sf]le8 !( sf] sf/0fn] s]xL
lrlGtt x'g'kg]{ l:ylt ;d]t /x]sf] 5 . of] cj:yfn] b]zsf] ;du| a}+lsË Joj;fonfO{ s]xL xb;Dd k|efj kfg]{ b]lvG5 .

8
 o; ljQLo ;+:yfn] ;+VofTds a[l4 eGbf klg u'0ffTds a[l4nfO{ cfkm\gf] k|d'v nIosf ?kdf cuf8L ;f/]sf] 5 . ljQLo
ahf/sf] jt{dfg cj:yfnfO{ dWogh/ ub}{ ;]jfsf] kx'Fr sd ePsf :yfgx?df cfkm\gf] sfo{qmd lj:tf/ ub}{ n}hfg] sfo{
eO/x]sf] 5 . ljutsf] cg'ejaf6 o; ljQLo ;+:yfn] ljsf; u/]sf ;]jfd'vL ;'ljwfx? tyf u|fxs ;b:ox?n] ljQLo
;+:yf k|lt b]vfPsf] ljZjf;, ;xeflutf / pT;fxn] g} xfn ;Dd o; ljQLo ;+:yfnfO{ cfkm\gf] sfo{qmd lj:tf/ ug{
;kmntf k|fKt ePsf] 5 . xfn n3'ljQ If]qdf b]lvPsf] c:j:y k|lt:kwf{, shf{÷;b:osf] bf]xf]/f]kgf cflb sf/0fn] ljQLo
;+:yfnfO{ k|efj kfg{ ;Sg] ePtfklg ljQLo ;+:yfn] ljsf; u/]sf] cfGtl/s lgoGq0f k|0ffnL, ljQLo ;+:yf ;Fu /x]sf]
df}Hbft tyf s'zn Aoa:yfkgsf] sf/0f ;Dk"0f{ kl/;"rsx?df rfn' cf=a=df s'g} gsf/fTds c;/ gkg]{ b]lvG5 . o;sf]
;fy} eljiodf klg o:tf] gsf/fTds c;/ kg{ ;Sg] 36gf jf cj:yf cfpg glbg cfjZos gLlt lgod, sfo{ljlwx?sf]
th{'df u/L cuf8L a9\g] /0fgLlt o; ljQLo ;+:yfn] lnPsf] 5 . o; ljQLo ;+:yfn] g]kfn /fHoe/ ^) j6f zfvf
sfof{no vf]ln n3'ljQLo ;]jfx? k|bfg u/L pT;fxhgs pknlAw xfl;n u/]sf] 5 . ;fy} cf=a=@)&*÷)&( df ljQLo
kx'Fr sd ePsf lhNnf tyf ufpFkflnsf÷gu/kflnsfsf] s]Gb| afx]ssf ;+:yfx?df ljlQo ;]jf k|bfg ug{sf nflu yk
gofF zfvf sfof{nox? :yfkgf ug]{ sfo{ of]hgf /x]sf] 5 . cf=a=@)&*÷)&( sf] r}t d;fGt ;Dddf ?= @( s/f]8 !(
nfv (* xhf/ art÷lgIf]k ;+sng u/]sf] 5 . ;fy} ;f] cjlw ;Dddf ?= @)* s/f]8 (^ nfv (! xhf/ shf{ k|jfx
u/L ?= ! s/f]8 !! nfv *# xhf/ b'O{ ;o v'b d'gfkmf cfh{h ug{ ;kmn /x]sf] 5 . oyf;+ej o; ljQLo ;+:yfn] ;ft}
k|b]z / && lhNnfdf g} k|efjsf/L pkl:ylt hgfpg] p2]Zo lnPsf] 5 .
o; ljQLo ;+:yfsf ;+rfns ;ldlt nufot Joj:yfkg ;ldlt tyf pRr kbflwsf/Lx?df nfdf] ;dosf] a}+lsË tyf
n3'ljQsf] cg'ej /x]sf]n] cGo k|lt:kwL{ eGbf k[ys lsl;dn] ;xh tl/sfn] ;+rfng ug{ ;Sg] Ifdtf /x]sf]5 . To;
sf/0f ljBdfg pknlAwx? Pj+d\ k|:t't efjL of]hgfx?sf cfwf/df o; ljQLo ;+:yfsf] eljio ;'9[b x'g] b]lvG5 .

3= ;+rfns ;ldltsf] ;+/rgf / k|ltlglwTj ;DjGwL Joj:yf M

o; ljQLo ;+:yfsf] lgodfjnLsf] lgod @& -@_ df ePsf] Joj:yf cg';f/ dlxnf ;+rfns ;lxt & -;ft_ hgf
;+rfnsx? /x]sf] ;+rfns ;ldlt b]xfo adf]lhd u7g x'g]5 .
;+:yfks z]o/wgLx?af6 dgf]lgt÷lgjf{lrt $ hgf
;j{;fwf/0f z]o/wgLx?af6 lgjf{lrt @ hgf
:jtGq ;+rfns ! hgf
hDdf & hgf
;+rfnsx?sf] sfo{sfn a9Ldf $ -rf/_ jif{sf] x'g]5 .
o; ljQLo ;+:yfsf] lgodfjnLsf] lgod @* df Joj:yf eP cg';f/ o; ljQLo ;+:yfsf] ;+rfns kbdf lgo'Qm x'gsf
nflu s'g} klg z]o/wgLn] cfkm\gf] gfddf slDtdf !)) -Ps ;o_ lsQf z]o/ lnPsf] x'g' kg]{5 . t/ :jtGq ;+rfns /
;+ul7t ;+:yfsf] k|ltlglwTj ug]{ ;+rfnssf] xsdf of] Joj:yf nfu' x'g] 5}g .
u=$=k"FhL ;+/rgf ;DaGwL hfgsf/L M
-s_ clws[t, hf/L tyf r'Qmf k"FhL / ;+:yfsf] :yfkgf kZrft\ ;f] df kl/jt{g ePsf] eP tT;DaGwL ljj/0f M
 clws[t k"FhLM o; ljQLo ;+:yfsf] clws[t k"FhL ?= #),)),)),)))÷— /x]sf] 5, h;nfO{ k|lt z]o/ ?= !))÷— sf
b/n] hDdf #),)),))) lsQf ;fwf/0f z]o/df ljefhg ul/Psf] 5 .
 hf/L k"FhLM o; ljQLo ;+:yfsf] hf/L k"FhL ?=@%,)),)),)))÷— /x]sf] 5, h;nfO{ k|lt z]o/ ?= !))÷— sf b/n]
hDdf @%,)),))) lsQf ;fwf/0f z]o/df ljefhg ul/Psf] 5 .
 r'Qmf k"FhLM o; ljQLo ;+:yfsf] hf/L ePsf @%,)),))) lsQf ;fwf/0f z]o/ dWo] ?= !% s/f]8 @% nfv a/fa/sf]
?=!))÷— b/sf] !%,@%,))) lsQf ;fwf/0f z]o/ ;+:yfks z]o/wgLx?sf] gfddf afF8kmfF8 eO{ hDdf ?= !% s/f]8
@% nfv /sd r'Qmf e'Qmfg eO{;s]sf] 5 . o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/sf] afF8kmfF6 kZrft
ljQLo ;+:yfsf] r'Qmf kF"hL ?= @%,)),)),)))÷— x'g]5 .
clws[t, hf/L tyf r'Qmf k"FhLdf eO{ cfPsf]÷kl/jt{g ePsf] eP tT;DaGwL ljj/0f M
o; ljQLo ;+:yfsf] clws[t, hf/L tyf r'Qmf k"FhLdf :yfkgfsfn b]lv xfn ;Dd s'g} kl/jt{g ePsf] 5}g .
-v_ lgisfzg kl5sf] r'Qmf kF"hL -;d"xs[t ul/Psf] cj:yfdf ;f]xL cg'?k_ M
;j{;fwf/0fnfO{ z]o/ lgisfzg u/L afF8kmFf6 u/] kZrft\ x'g] ljQLo ;+:yfsf] r'Qmf k"FhLsf] ;+/rgf b]xfo adf]lhd x'g]5M

;d"x Zf]o/wgL z]o/ lsQf k"h

F L ;+/rgf r'Qmf /sd -?=_ e'QmfgL k|ltzt
s ;+:yfks z]o/wgLx? !%,@%,))) ^!=))% !%,@%,)),)))÷— ztk|ltzt
v ;j{;fwf/0f z]o/wgLx? (,&%,))) #(=))% (,&%,)),)))÷— lgisfzg kZrft\ ztk|ltzt /sd
-sd{rf/L ;d]t_ e'QmfgL x'g]
hDdf @%,)),))) !))% @%,)),)),)))÷— lgisfzg kZrft\ ztk|ltzt /sd
e'QmfgL x'g]
9
-u_ z]o/ lk|ldod vftf -lgisfzg k"j{ / lgisfzg kZrft_ M
lgisfzg ul/g] z]o/ lk|ldoddf geO{ c+lst d'Nodf hf/L ul/g] ePsf]n] z]o/ lk|ldod vftfsf] cfjZostf gePsf] .
u=%= ;+:yfks÷;+rfns ;DaGwL hfgsf/L M
-s_ ;+:yfks÷;+rfnssf] k[i7e"dL M
-!_ cfwf/e"t z]o/wgLx? tyf ;+rfnsx?sf] gfd, kb, pd]/, /fli6«otf, 7]ufgf, z]o/ :jfldTj, z}l Ifs of]Uotf, cg'ej, /
k|:tfljt Jofkf/÷Joj;fodf cg'ej M
cfwf/e"t z]o/wgLsf] ljj/0f M
l;=g+= gfd, 7]ufgf kb pd]/ /fli6«otf z]o/ :jfldTj cg'ej k|:tfljt
z}lIfs -k"j{ / xfn Jofkf/÷Joj;fo
lsQf k|ltzt of]Uotf sfo{/t_
!= d]uf a}+s g]kfn ln= nfu' nfu' nfu' gx'g] @,%),))) !^=#( nfu' gx'g] nfu' gx'g] nfu' gx'g]
tLgwf/f, sf7df08f}+ gx'g] gx'g]
@= s'df/L a}+s ln= nfu' nfu' nfu' gx'g] @,%),))) !^=#( nfu' gx'g] nfu' gx'g] nfu' gx'g]
ef6e6]gL, sf7df08f}+ gx'g] gx'g]

;+rfnsx?sf] ljj/0f M
l;=g+= gfd, 7]ufgf kb pd]/ /fli6«otf z]o/ z}lIfs cg'ej
:jfldTj of]Uotf -k"j{ / xfn sfo{/t_
!= afa'/fd yfkf, cWoIf $$ g]kfnL #%,))) :gftsf]Q/ OGe]i6d]G6 sDkgL tyf xfO8«f]kfj/
O{l;a' uf=lj=;=*, sDkgLx?df nufgLstf{sf] ?kdf
t]x|y'd cg'ej k|fKt, :yfkgfsfn b]lv
cleofg n3'ljQ ljQLo ;+:yf ln=
df cWoIfsf] ?kdf lgo'Qm eO{ xfn
sfo{/t /x]sf] .
@= ef]h/fh e§/fO{, ;+rfns &) g]kfnL @,))) :gfts s[lif ljsf; a}+sdf #! jif{ tyf
8]9ufpF uf=lj=;= (, ;f]xL a}sdf # jif{ ;~rfns kbdf
gjnk/f;L sfo{ cg'ej /x]sf], cleofg n3'ljQ
ljQLo ;+:yf ln= df :yfkgfsfn
b]lv ;+rfnssf] ?kdf lgo'Qm eO{
xfn sfo{/t /x]sf] .
#= ef/tL s'df/L kf7s ;+rfns $# g]kfnL @,))) :gftsf]Q/ cWoIf, ;fd'bflos jg pkef]Qmf
gfd6f/ uf=lj=;=(, dxf;+3, g]kfn , sf7df08f}
dsjfgk'/
$= k|jL0f emf ;+rfns $% g]kfnL @,%),))) :gfts a}+s tyf ljQLo ;+:yfdf @!
nlntk'/ gu/kflnsf jif{eGbf a9L sfo{ cg'ej /x]sf],
j8f g= !!, nlntk'/ ldlt @)&&.)!.@* ut] b]lv
-k|ltlglwM s'df/L a}+s cleofg n3'ljQ ljQLo ;+:yf ln=
ln=_ df ;+rfnssf] ?kdf lgo'Qm eO{ xfn
sfo{/t /x]sf]
%= s]zj yfkf , :jtGq %* g]kfnL — :gftsf]Q/ g]kfn /fi6« a}+sdf #) jif{ sfo{
kgf}tL gu/kflnsf— ;+rfns cg'ej /x]sf], cy{zf:q ljifodf
)*, dNkL cWofkg ul//x]sf], / xfn ldlt
sfe|]knf~rf]s @)&*.)%.!( ut] b]lv cleofg
n3'ljQ ljQLo ;+:yf ln= df
;+rfnssf] ?kdf lgo'QmL

-@_ ;+:yfksx? s'g} sDkgL÷;+:yf ePdf To:tf] sDkgL÷;+:yfsf] gfd tyf 7]ufgf ;lxtsf] ;+lIfKt ljj/0f / pQm
sDkgL÷;+:yfsf ;+rfnsx?sf] gfd, 7]ufgf, -k|fs[lts JolQm gv'n];Dd_ M
;+:yfsf]
l;=g+ = gfd, 7]ufgf ;+lIfKt ljj/0f ;+rfnsx?sf] gfd, 7]ufgf
!= d]uf a}+s g]kfn ln= d]uf a}+s g]kfn lnld6]8 k|rlnt sDkgL sfg"g cWoIf M ef]h/fh zfx,
tLgwf/f, sf7df08f}+ jdf]lhd g]kfn ;/sf/ sDkgL /lhi6«f/sf] sfof{no l8egf{ %, c3f{vfFrL
ldlt @)^&.)!.)% df klAns lnld6]8 sDkgLsf]
?kdf btf{ eO{ ldlt @)^&÷)$÷)$ df g]kfn ;+rfns M uf]kfn vgfn,
10
 ;+:yfsf]
l;=g+ = gfd, 7]ufgf ;+lIfKt ljj/0f ;+rfnsx?sf] gfd, 7]ufgf
/fi6« a}+saf6 ljQLo sf/f]jf/ ug{ :jLs[lt k|fKt u/L sf7df08f} #, a;'Gw/f
a+}sn] @)^&÷)$÷)& ut] b]lv cfˆgf] ljQLo
sf/f]jf/ ub{} cfPsf] 5 . xnf] b]lv xfO8«f];Dd d'n ;+rfns M dbg s'df/ cfrfo{,
gf/f /fvL ;a} cfly{s ju{sf hgdfg;nfO{ a}FlsË e/tkf]v/L (, sf:sL
;]jf k|bfg ug]{ nIo /fv]sf] 5 . klZrdf~rn
ljsf; a}+s, 6'l/hd 8]enkd]06 a}+s, u08sL ;+rfns M d'lQm/fd kf08],
ljsf; a}+snfO{ k|fKtL÷dh{ u/L xfn !&* j6f eujtL $, c3f{vfFrL
zfvf, ## PS;6]G;g sfpG6/, !#& j6f Pl6Pd
dfkm{t g]kfn e/ ;]jf k|bfg ub}{ cfO/x]sf] 5 . o; ;+rfns M 8f=OGb| axfb'/ dNn
a}+sdf %!Ü z]o/ :jfldTj ;+:yfks z]o/wgLx?sf] 7s'/L,
/ $(Ü z]o/ :jfldTj ;j{;fwf/0f z]o/wgLx?sf] sf=d=g=kf=#, /fgLjf/L
/x]sf] 5 . d]uf a}+s g]kfn lnld6]8sf] q]ml86 /]l6Ë
lgodfjnL, @)^* adf]lhd g]kfnsf] nflu :jLs[lt ;+rfns M afns[i0f lzjfsf]6L,
k|fKt s|]l86 /]l6Ë Ph]G;L O{s|f g]kfn lnld6]8af6 ;'gvfgL &, bf]nvf
s|]l86 /]l6Ë eO{ “[ICRANP-IR] BBB+”
"Moderate degree of safety regarding the :jtGq ;+rfns M lzjf b]aL sfkm\n],
timely servicing of financial obligations" /]l6Ë sf7df08f} !), afg]Zj/
k|fKt u/]sf] 5 .
@= s'df/L a}+s ln= s'df/L a}+s lnld6]8 tTsflng sDkgL P]g, @)%# cWoIf M cld/ k|tfk h=a=/f0ff,
ef6e6]gL, adf]lhd ldlt @)%^÷)*÷@$ df g]kfn ;/sf/, sf=d=g=kf= j8f g+=#), d}ltb]jL
sf7df08f}+ sDkgL /lhi6«f/sf] sfof{nodf klAns lnld6]8sf]
?kdf btf{ ePsf] xf] . tTsflng jfl0fHo a}+s P]g,
@)#! cg';f/ ldlt @)%&÷!@÷!& df g]kfn /fi6« ;+rfns M s[i0f k|;fb 1jfnL,
a}+saf6 ljQLo sf/f]af/ ug{ :jLs[lt k|fKt u/L 6f]vf gu/kflnsf j8f g+=!), sf=lh=
æsÆ ju{sf] a}+ssf] x}l;otn] @)%& ;fn r}q @!
ut]b]lv cfˆgf] ljQLo sf/f]af/ ;+rfng ub}{ cfPsf] ;+rfns M dx]z k|;fb kf]v/]n,
5 . s'df/L a}+s lnld6]8n] sf7df8f}+ pkTosfdf sf=d=g=kf= j8f g+=(, alt;k'tnL
$% zfvf, pkTosf aflx/ !$& zfvf / !#
PS;6]G;g sfo{fno ul/ s"n @)% zfvf tYff ;+rfns M cg'/fwf rf}w/L,
PS;6]G;g sfo{fno dfkm{t ;]jf lbb} cfO/x]sf] 5 . sf=d=g=kf= j8f g+=@*, afuahf/
o; s'df/L a}+sn] hDdf (,**,(^& hgf
u|fxsx?nfO{ a}ls+u ;]jf k|bfg ub}{ cfO/x]sf] 5 . :jtGq ;+rfns M u0f]z k|;fb
kf7s, ltnf]Qdf–%, dl0fu|fd, ?kGb]xL
-#_ ;+ul7t ;+:yfsf] ;+rfnsx? cGo s'g} sDkgL, ;+:yf, sf]if, ;+u7g ;Fu cfj4 eP To:tf] ;+rfns / cfj4 ePsf]
;+:yfsf] gfd, 7]ufgf M
l;=g+ ;+rfnssf] Gffd ;+rfnsx? cfj4 /x]sf sDkgL, ;+:yf, sf]if, ;+u7gsf] gfd, 7]ufgf
!= afa'/fd yfkf cWoIf, ;d'GtL OGe]i6d]G6 ln=, sf7df08f}
;+rfns, ;'k/dfbL xfO{8«f] ln= , sf7df08f}
@= ef]h/fh e§/fO{ ;+rfns, u}8fsf]6 6]lSgsn Ps]8]dL k|f= ln= , lrtjg

#= ef/tL s'df/L kf7s cWoIf, ;fd'bflos jg pkef]Qmf dxf;+3, g]kfn , sf7df08f}

$= k|jL0f emf s'df/L a}+s lnld6]8df sfo{/t, sf7df08f}

% s]zj yfkf cWoIf, ljBfno Joj:yfkg ;ldlt, l;4fy{ jg:ynL OlG:6Ro"6, sfe|]

sDkgL P]g, @)^# sf] bkmf *( sf] pkbkmf -!_ -5_ tyf ;"lrs[t ;+ul7t ;+:yfx?sf] ;+:yfut ;'zf;g ;DaGwL lgb]{lzsf,
@)&$ sf] Joj:yfx? k"0f{ ?kdf kfngf ePsf] 5 .
-$_ ;+:yfks÷;+rfnssf] xs x:tfGt/0f aGb]h ;DaGwL ljj/0f M
s_ g]kfn /fi6« a+}ssf] k"j{ :jLs[lt glnO{ ljQLo ;+:yfsf] z]o/ s'g} ljb]zL a+}s jf ljQLo ;+:yfnfO{ laqmL jf x:tfGt/0f
ul/g] 5}g .
11
 v_ g]kfn /fi6« a}+ssf] k"j{ :jLs[lt glnO{ ;+:yfks / ;j{;fwf/0f ;d"xsf] z]o/ :jfldTj cg'kftdf kl/jt{g ug{ kfO{g]
5}g .
u_ ljQLo ;+:yfn] sf/f]af/ ;+rfng u/]sf] kfFr jif{ gk']u;Dd ;f] ;+:yfsf] ;+:yfksn] cfkm\gf] z]o/ laqmL jf lwtf]aGws
/fVg kfpg] 5}g / pQm cjlwkl5 To:tf] z]o/ laqmL ubf{ jf lwtf]aGws /fVg' kbf{ g]kfn /fi6« a}+ssf] k"j{ :jLs[lt
lng' kg{]5 . o; Joj:yf adf]lhd ljQLo ;+:yfn] sf/f]af/ ;+rfng u/]sf] kfFr jif{ gk'u] tfklg ljQLo ;+:yfsf]
;+rfngdf s'g} afwf Jojwfg pTkGg eO{ ljz]if kl/l:yltsf] ;[hgf x'g uPdf g]kfn /fi6« a}+ssf] :jLs[lt lnO{
;+:yfksx?sf aLrdf z]o/ vl/b laqmL ug{ ;lsg]5 . t/, To;/L xs 5f]8\bf jf x:tfGt/0f ubf{ klxnf] k|fyldstf
h'g ;d"xsf] z]o/ xf] ;f]xL ;d"xsf z]o/wgLx¿nfO{ lbg' kg{]5 . o;/L z]o/ laqmL ubf{ Ps eGbf a9L z]o/wgLn]
z]o/ vl/b ug{ rfx]df lghn] wf/0f u/]sf] z]o/sf] cg'kftdf ljt/0f ug'{ kg]{5 . ;f] ;d"xsf s'g} klg ;+:yfks
z]o/wgLn] z]o/ lng] OR5f gu/]df dfq To:tf] z]o/ g]kfn /fi6« a}+ssf] :jLs[tL lnO{ ;+rfns ;ldltsf] lg0f{o
adf]lhd cGo JolQm, kmd{, sDkgL jf ;+:yfnfO{ laqmL ug{ ;lsg]5 .
3_ s'g} ;+:yfks z]o/wgLsf] d[To' ePdf jf k|rlnt sfg"g adf]lhd kfl/jfl/s c+zj08f ePdf jf cbfntsf] cfb]zn]
lghsf] z]o/ xsjfnfdf gfd;f/L x'g] ePdf v08 -u_ sf] aGb]h nfu' x'g] 5}g .
ª_ ;j{;fwf/0f z]o/ vl/b ubf{ !) c+sn] efu ubf{ z]if g/xg] u/L Go"gtd !) lsQf z]o/ jf clwstddf ljj/0fkqdf
tf]lsP adf]lhd z]o/ vl/b ug{sf nflu lgj]bg ug{ ;Sg]5 . t/ xsk|b z]o/ / af]g; z]o/sf] xsdf of] aGb]h nfu'
x'g] 5}g .
r_ ljQLo ;+:yfsf ;+rfns, sfo{sf/L k|d'v, n]vfk/LIfs, ;lrj jf ljQLo ;+:yfsf] Joj:yfkg tyf n]vf ;DaGwL
sfo{df k|ToIf ?kn] ;+nUg JolQmn] To:tf] kbdf axfn /x+bfsf] avt jf To:tf] kbaf6 cjsfz k|fKt u/]sf] sDtLdf
Ps jif{;Dd ;DalGwt ljQLo ;+:yf jf To;sf] ;xfos sDkgLsf] z]o/ cfkm\gf] jf cfkm\gf] kl/jf/sf] lgoGq0fdf
/x]sf] kmd{, sDkgL jf ;+:yfsf] gfddf vl/b laqmL ug{, u/fpg, ug{ lbg, lwtf]aGws /fVg, /fVg nufpg jf bfg
as; lng, lbg jf n]gb]g ug{ x'+b}g . t/ af]g; z]o/, xsk|b z]o/, sd{rf/LnfO{ 5'§ofPsf] z]o/ jf gofF z]o/ hf/L
x'Fbf jf /fi6« a}+ssf] lgb]{zg sfof{Gjog ubf{ jf s'g} ;+rfns jf ;+rfns lgo'lQm ug{ clwsf/ kfPsf] ;+ul7t ;+:yfn]
ljQLo ;+:yfdf cfkm\gf] gfddf /x]sf] ;Dk"0f{ z]o/ ljqmL ubf{ jf a}+s jf ljQLo ;+:yf ;DaGwL P]g, @)&# sf] kl/R5]b
!) adf]lhd ljQLo ;+:yf Ps cfk;df ufEbf jf uflebf jf Pp6f ljQLo ;+:yfn] csf]{ a}+s jf ljQLo ;+:yf k|flKt
ubf{ jf ljQLo ;+:yfsf] ;+rfngdf s'g} afwf Aoawfg pTkGg ePdf /fi6« a}+ssf] :jLs[tL lnO{ ;+:yfks ;+rfns jf
;+rfns aLr Ps cfk;df lwtf]kq vl/b laqmL ug]{ jf ;d:ofu|:t a}+ssf] ;'wf/fTds jf km/kmf/ssf] k|s[ofdf x'g]
z]o/sf] vl/b laqmL jf x:tfGt/0f ug]{ u/fpg] sfd sf/afxLnfO{ of] pkbkmfn] afwf k'/\ofPsf] dflgg] 5}g .
5_ s;}n] v08 -r_ sf] ljkl/t sfd u/]df To:tf] lwtf]kq ljQLo ;+:yfn] hkmt u/L /fi6« a}+sn] tf]s] adf]lhd laqmL
ljt/0f ul/g]5 .
h_ z]o/ vl/b jf x:tfGt/0f ug{ aGb]h ;DaGwL cGo Joj:yf a}+s tyf ljQLo ;+:yf P]g, @)&#, sDkgL P]g, lwtf]kq
sf/f]af/ ;DaGwL sfg"g tyf cGo k|rlnt sfg"gdf pNn]v eP adf]lhd x'g]5 .
em_ a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)&#, sDkgL P]g, @)^#, lwtf]kq sf/f]af/ ;DaGwL sfg"g tyf cGo k|rlnt
sfg"gsf] clwgdf /xL ;fljssf ;+:yfks z]o/wgL xsk|b z]o/ vl/b ug]{ xs cGo s'g} AolQm jf ;+:yfnfO{
x:tfGt/0f ug]{ ePdf k|rlnt sfg"g, ljBdfg gLltut Joj:yf tyf g]kfn /fi6« a}+saf6 hf/L ul/Psf] lgb]{zgsf]
clwgdf /xL cfkm\gf] ;Dk"0f{ jf cf+lzs xs s'g} JolQm jf ;+:yfnfO{ xs x:tfGt/0f ug{ k|of]u ug{ ;Sb5 .
`_ ælwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&#Æ sf] lgod -!)_ sf] pklgod -!_ df ePsf] Joj:yf cg'?k lwtf]kq
;fj{hlgs lgisfzg ug{ ;Sg] u/L ;+:yflkt ;+ul7t ;+:yfsf ;j{;fwf/0f jfx]s cGo ;d"x -;+:yfks / cGo ;d"x_
n] lnPsf] z]o/ ;fj{hlgs lgisfzg u/]sf] z]o/ afF8kmfF8 ePsf] ldltn] tLg jif{sf] cjlw k"/f geO{ laqmL ug{ kfOg]
5}g .

-v_ ;+:yfks÷;+rfns;Fusf] sf/f]af/ M

-c_ ;+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 tyf d"No / To:tf] ;'ljwf lbP jfkt ;+ul7t ;+:yfn] s'g}
;DklQ, ;]jf k|fKt u/]sf] jf ug]{ ePdf To; ;DaGwL ljj/0f M
ljQLo ;+:yfsf] ;+rfnsx?n] ;+rfns ;ldltsf] a}7s eQf afx]s cGo s'g} klg ;+:yfks÷;+rfnsn] o; ;+:yfaf6
k|ToIf jf ck|ToIf ?kdf s'g} j:t' jf ;'ljwf -cfly{s jf u}/cfly{s_ k|fKt u/]sf 5}gg\ / ;f] ;DaGwdf ljQLo ;+:yfn]
;+:yfks tyf ;+rfnsaf6 s'g} ;DklQ jf ;]jf ;d]t k|fKt u/]sf] 5}gg\ .
-cf_ a'Fbf -c_ df pNn]lvt a:t' jf ;'ljwfsf] d"No lgwf{/0f ug{ ckgfOPsf] tl/sf M ;f] gePsf] .

u=^= ;Lldt bfloTj ;DaGwL ljj/0f M

12
 of] ljQLo ;+:yf sDkgL P]g, @)^# tyf a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)&# cGtu{t :yflkt tyf ;~rflnt
klAns lnld6]8 sDkgL xf] . o;df z]o/jfnfx?sf] bfloTj ;Lldt 5. o; ljQLo ;+:yfsf z]o/jfnfsf] 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 ljj/0f M
-s_ ;+ul7t ;+:yfsf] pRr Aoa:yfksLo txsf clws[t sd{rf/Lx? ;DaGwL ljj/0f M
-c_ ;+ul7t ;+:yfsf] pRr Joj:yfksLo txsf sd{rf/Lsf] gfd, of]Uotf, lgo'lQm ePsf] ldlt, klxn] sfd u/]sf] cg'ej tyf
;+ul7t ;+:yfsf] z]o/ lnPsf] eP z]o/ ;+Vof ;DaGwL ljj/0f M
qm=;+= sd{rf/Lsf] gfd lgo'Qm ldlt kb z}lIfs cg'ej z]o/ cGo
of]Uotf ;+Vof ;+:yfdf
nufgL-
z]o/
;+Vof_
!= >L /f]zg s'df/ @)&&.)&.)! sf=d'= –
Pd=la=P/ !_ :jfjnDag n3'ljQ
clwsf/L k|d'v Pn=Pn=la ljQLo ;+:yf lnld6]8
sfo{sf/L @)%%÷!!÷@) b]lv
clws[t @)^@÷!!÷)% ;Dd .
@_ ?/n dfO{qmf]kmfOgfG;
8]enkd]G6 ;]G6/ lnld6]8
@)^*÷)*÷)! b]lv
@)&!÷df3÷)% ;Dd .
#_ ld/ld/] n3'ljQ ljQLo
;+:yf lnld6]8
@)&#÷)&÷@$ b]lv
@)&$÷)^÷!^ ;Dd .
$_ l; jfO{ l; g]kfn
n3'ljQ ljQLo ;+:yf
lnld6]8 @)&$÷)&÷)!
b]lv @)&&÷)%÷#! ;Dd .
%_ cleofg n3'ljQ ljQLo
;+:yf lnld6]8
@)&&÷)&÷)! b]lv
xfn;Dd ;Dd .

@= >L rGbg s'df/ @)&^.)&.@$ gfoj la=la=P; !_ g]?8] n3'ljQ ljQLo –

;/bf/ k|aGws ;+:yf lnld6]8
@)^@÷)%÷)! b]lv
@)&$÷)*÷#) ;Dd .
@_ PgPdla= n3'ljQ
ljQLo ;+:yf lnld6]8
@)&$÷)(÷!! b]lv
@)&^÷)&÷!* ;Dd .
#_ cleofg n3'ljQ ljQLo
;+:yf lnld6]8
@)&^÷)&÷@$ b]lv
xfn;Dd .
#= >L of]u]Gb« k|;fb @)&*.)*.@ gfoj Pd=la=P; !_ ;xf/f g]kfn art tyf –
k|;fO{ ) k|aGws C0f ;xsf/L ;+:yf
lnld6]8 @)^*÷)*÷!@
b]lv @)&%÷)@÷#) ;Dd
.
@_ u'/fF; n3'ljQ ljQLo
;+:yf lnld6]8
13
 @)&%÷)#÷)# b]lv
@)&&÷!)÷@^ ;Dd .
#_ Pg cfO{ ;L Pl;of
n3'ljQ ljQLo ;+:yf
lnld6]8 @)&&÷!!÷)(
b]lv @)&*÷)*÷!) ;Dd
.
$_ cleofg n3'ljQ
ljQLo ;+:yf lnld6]8
@)&*÷)*÷@) b]lv
sfo{/t .

;+ul7t ;+:yfsf sd{rf/Lx? cGo ;"lrs[t ;+ul7t ;+:yfsf] cfwf/e't z]o/wgLsf] ?kdf /x]sf] jf sd{rf/Lx?n] cGo s'g}
;+ul7t ;+:yfdf u/]sf] nufgL ;DaGwL ljj/0f M ;f] gePsf] .
-cf_ 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 M
qm=;+= sd{rf/Lsf] gfd kb kl/jt{g ePsf] sf/0f
!= >L nIdLZj/ b]jsf]6f k|d'v sfo{sf/L clws[t JolQmut sf/0fn] /flhgfdf lbPsf]]

-O_ sd{rf/Lsf] ;+Vof M :yfoL, c:yfoL, s/f/f, Hofnfbf/L / cGo -xfn ;Ddsf]_ M
s'n sd{rf/L ;+Vof :yfoL c:yfoL s/f/ Hofnfbf/L cGo
@!) !!$ %( #& - -

-v_ ;+rfns Pj+ pRr Joj:yfksLo txsf clws[tnfO{ lbPsf] eQf tyf kfl/>lds ;DaGwL ljj/0f M
-c_ ;+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 / cGo ;'ljwf M
;~rfnsn] kfpg] a}7s eQf, b}lgs tyf e|d0f eQf / cGo ;'ljwf ;fwf/0f ;efn] tf]s] cg';f/ b]xfo adf]lhd /x]sf]5 M
!= ;+rfns ;ldltsf] a}7sdf pkl:yt eP afkt cWoIf / cGo ;+rfnsn] kfpg] k|lt a}7s eQf ?= %,)))÷— x'g]5 .
@= ljQLo ;+:yfsf] sfdsf] l;nl;nfdf ;+rfnsnfO{ k|bfg ul/g] b}lgs tyf e|d0f eQf b]xfo adf]lhd x'g]5 M
-c_ :jb]zdf b}lgs eQf ?= @,%))÷—
-cf_ ef/tdf b}lgs eQf ef=?= #,)))÷—
-O_ cGo ljb]zL d'n'sdf b}lgs eQf cd]l/sL 8n/ !))÷—
-O{_ e|d0f eQf, vfgf, xf]6n, oftfoft lan adf]lhd .
-cf_ ;+ul7t ;+:yfsf] pRr Joj:yfklso txsf tLg hgf clws[tx?sf] gfd / kb / Ps cfly{s jif{sf] cjlw leq pgLx?nfO{
kfl/>ldssf] ?kdf e'Qmfg ul/Psf] /sd M
l;=g+= sd{rf/Lsf] gfd Kfb kfl/>lds /sd -?=_
-@)&& >fj0f ! b]lv @)&* cfiff9 #! ;Dd_
!= >L nIdLZj/ b]jsf]6f k|d'v sfo{sf/L clws[t ?=!^,(!,$))÷—
@= >L /f]zg s'df/ clwsf/L gfoj k|d'v sfo{sf/L clws[t ?=*,!(,!^*÷—
#= >L rGbg s'df/ ;/bf/ gfoj k|aGws ?=^,^(,@$)÷—

-O_ 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 ;f]
gePsf] .
u= *= cGtlglx{t hf]lvd tyf ;f] sf] Joj:yfkgsf] nflu Joj:yfkgsf] wf/0ff M ;+ul7t ;+:yfn] jxg u/]sf] jf ug]{ hf]lvd :ki6
?kdf pNn]v ug'{ kg]{ . o; ;Gbe{df hf]lvdx?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]lvdsf] ljZn]if0f ug'{ kg]{ .
-s_ ljQLo ;fwgsf] cefjaf6 x'g] hf]lvd M
!= shf{ nufgLdf c;xh kl/l:ylt ;[hgf eO{ u|fxs ;b:ox?af6 hDdf ul/Psf] lgIf]k /sdsf] e'QmfgL lbg
;d:of kg{ ;Sg] hf]lvd /x]sf] .
14
 @= g]kfnsf] ahf/df x'g] cfly{s dGbLaf6 kg{ ;Sg] c;/af6 x'g ;Sg] cfly{s hf]lvdx? .
#= ljQLo >f]tsf] cefjjf6 nufgLsf] bfo/f ;+s'lrt x'g;Sg] hf]lvdx? .
-v_ sRrf kbfy{sf] cefjaf6 x'g] hf]lvd M ;f] gePsf] .
-u_ pTkfbg tyf ;]jfsf] ahf/ l:ylt / o;df cfpg] kl/jt{gaf6 x'g] hf] lvd M
!= gofF ;+:yfx?sf] k|j]zaf6 pTkGg x'g] k|lt:kwf{af6 x'g ;Sg] hf]lvdx? .
@= ljQLo ;+:yfn] k|bfg u/]sf] shf{ tyf ;fk6 v/fa shf{df kl/0ft x'g uPdf x'g] hf]lvdx? .
#= lgIf]k tyf shf{sf] Jofhb/df cfpg] kl/jt{gaf6 x'g ;Sg] hf]lvdx? .
-3_ cfof]hgf ;DkGg x'g l9nfO{ x'g] ;Defjgf / To;af6 x'g] d"No clea[l4 (cost overrun) sf] hf]lvd M ;f] gePsf] .
-ª_ ljb]zL ljlgdosf] hf]lvd M ;f] gePsf] .
-r_ sfg"gL k|s[ofx? tyf O{hfht k|fKt ug'{ kg]{ ;f] af6 kg{ ;Sg] cj/f]wx? M
o; ljQLo ;+:yfn] ljQLo sf/f]af/ ;+rfngsf] nflu ;a} sfg"gL k|s[ofx? k'/f u/L lng'kg]{ Ohfht k|fKt
ul/;s]sf] x'Fbf ;f] k|fKt gu/]sf sf/0faf6 ljQLo ;+:yfsf] sf/f]af/df s'g} cj/f]w kg{ ;Sg] b]lvPsf] 5}g\ .
-5_ If]qLos/0f / ljZjJofkLs/0f (Globalization) sf sf/0faf6 pTkGg x'g ;Sg] hf]lvd M
!= cGt/f{li6«o ahf/df x'g] cfly{s dGbLaf6 kg{ ;Sg] c;/af6 x'g ;Sg] cfly{s hf]lvdx? .
@= kF"hL ahf/sf] cj:yfdf cfpg] ptf/ r9fjaf6 kg{ ;Sg] hf]lvdx? .
-h_ ;/sf/L gLlt tyf lgodx?df x'g] kl/jt{g tyf ljZjAofkL ?kdf x'g] gLltut kl/jt{gaf6 x'g] hf] lvdM
!= g]kfn ;/sf/ tyf g]kfn /fi6« a}+ssf] cfly{s tyf ljQLo gLlt lgoddf x'g] kl/jt{gaf6 >[hgf x'g ;Sg]
hf]lvdx? .
@= b]zsf] df}lb|s gLlt nufot g]kfn /fi6« a}+sn] hf/L ug]{ lgod lgb]{zgsf] ck|Toflzt kl/jt{gaf6 l;h{gf x'g]
;Defljt hf]lvdx? .
#= b]zsf] a}b]lzs gLltdf x'g ;Sg] kl/jt{gaf6 pTkGg x'g ;Sg] ;Defljt hf]lvdx? .
-em_ ;+rfng Oltxf;sf] cefj M
o; ljQLo ;+:yfn] ldlt @)&^÷^÷! df g]kfn /fi6« a}+saf6 ljQLo sf/f]af/ ug{ :jLs[tL k|fKt u/L /fli6«o
:t/sf] æ3Æ ju{sf] ljQLo ;+:yfsf] x}l;otn] cfkm\gf] sf/f]af/ ldlt @)&^ d+;L/ ! ut]b]lv ;+rfng u/]sf]n]
ljQLo ;+:yfsf] ;+rfng Oltxf; 5f]6f] /x]sf]5 . o; ljQLo ;+:yfsf] sfo{If]q, u|fxs ;+Vof, shf{ nufgL, lgIf]k
;+sng cflbsf] cfwf/df x]bf{ o; ljQLo ;+:yfsf] ;+rfng Oltxf;df ;+:yfsf] e'ldsf n3'ljQ ljQLo
;+:yfx?sf aLr k[ys b]lvG5 .
-`_ k|ljlwsf] kl/jt{gaf6 x'g] ;Sg] hf]lvdM
k|ljlw ;DaGwL kl/jt{gaf6 ljQLo ;+:yfsf] ;+rfng tyf sf/f]af/ k|0ffnLdf ck|Toflzt hf]lvd /xg' :jefljs
g} xf] . ljQLo ;+:yfn] k|of]u ug]{ ;km\6j]o/df k|ljlwsf] kl/jt{gaf6 cfpg ;Sg] hf]lvd Aoa:yfkgsf] nflu
tYofÍx?sf] ;'/Iffy{ Data Backup df laz]if ;ts{tf ckgfO{Psf] 5 / To;af6 hf]lvdnfO{ Go"lgs/0f ug{
ljQLo ;+:yf ;Ifd /x]sf] 5 .
-6_ lwtf]kq d"No kl/jt{g ;DaGwL hf]lvd M
?=!))÷—k|lt z]o/sf b/n] lgisfzg ul/Psf] z]o/ d"Non] ;"rLs/0f kZrft\ lwtf]kq ahf/df x'g] sf/f]af/df
ptf/ r9fj cfpg ;Sg] ePsf]n] z]o/ d"Nodf x'g ;Sg] kl/jt{gsf] hf]lvd /x]sf] 5 .
-7_ cGo M
!= b]zsf] /fhg}lts cl:y/tfaf6 cfpg ;Sg] hf]lvdx? .
@= b]zsf] cfly{s cj:yfdf cfpg] ptf/ r9fjaf6 x'g ;Sg] hf]lvdx? .
#= sf]le8 !( af6 kg{ ;Sg] c;/ M ljZjJofkL dxfdf/Lsf] ?kdf km}lnPsf] sf]le8 !( n] ubf{ ljZj cy{tGqnfO{
g} k|efljt kf/]sf] / g]kfn klg o;af6 hf]lug ;s]sf] 5}g . o; ljifd kl/l:yltdf b} lgs ?kdf ;+rfng ug'{
kg]{ Jofkf/, Joj;fo, pBf]u wGbf nfdf] ;do ;Dd aGb x'Fbf n3'ljQ ljQLo ;+:yfnfO{ o; dxfdf/Ln] g/fd|f]
k|efj kf/]sf]5 . cy{tGqsf] ;du| If]qdf kg{ uPsf] c;/n] shf{ c;'nL k|s[ofdf kg{ ;Sg] hf]lvd oyfjt
/x]sf]5 / u|fxssf] Joj;fodf cfPsf] dGbLsf sf/0f shf{ k|jfxdf sdL cfpg ;Sg]5 . h;n] ubf{ ;+:yfsf]
Joj;fo lj:tf/ tyf gfkmfdf ;d]t c;/ kg{ ;Sg] b]lvG5 .

pk/f]Qm cg';f/sf] ;Defljt hf]lvdx?nfO{ Go"g jf Joj:yfkg ug]{ ;DaGwdf Joj:yfkgsf] of]hgf M
o; ljQLo ;+:yfn] n3'ljQ sf/f]af/nfO{ ;'rf? ?kn] ;+rfng ug'{sf] ;fy} ;b:ox?nfO{ h'g;'s} ;dodf ;'ljwfo'Qm
;]jfx? pknAw u/fpg tyf eljiodf kg{ ;Sg] /f]u, k|fs[lts ljklQn] s'g} ;b:ox?sf] d[To' ePdf jf gLhsf]
>Ldfgsf] d[To' ePdf s]xL /sd ;xof]u k|bfg ug{sf nflu aLdf / u|fxs ;+/If0f sf]if dfkm{t ljleGg k|sf/sf ;'ljwf
k|bfg ub}{ cfPsf] 5 . ljQLo ;+:yfsf] shf{ tyf nufgL v/fa eO{ x'g ;Sg] hf]lvdx?sf] nflu ljQLo ;+:yfn] shf{
tyf nufgLsf] nflu hf]lvd Aoxf]g]{ sf]ifsf] Joj:yf u/]sf]5 . To;}u/L C0f ;'/If0f sf]ifsf] Aoa:yf u/L shf{ nufgLdf
cfpg ;Sg] ;+efljt hf]lvdnfO{ ;'/lIft tyf Go"lgs/0f ul/Psf] 5 . ljQLo ;+:yfn] ljQ ahf/df x'g] k|lt:kwf{sf] ;fy}
If]qLos/0f / ljZjJofkLs/0f (Globalization) sf sf/0faf6 pTkGg x'g ;Sg] hflvdx? Go"lgs/0f ug{sf nflu
15
 hgzlQm ljsf;df Wofg k'/\ofpg'sf] ;fy} cGo Joj;flos hf]lvdx?af6 l;h{gf x'g ;Sg] xfgL gf]S;fgLsf] nflu
Joj:yfkg rgfvf] eO{ ;Defljt xfgL gf]S;fgL sd ug{ ;Ifd / k|ltj4 /xsf]5 . To:t} cGo ljleGg hf]lvdx?
Go"gLs/0fsf nflu k|efjsf/L cfGtl/s lgoGq0f k|0ffnL, ;dofg';f/sf] cfw'lgs k|ljlw, :ki6 gLlt tyf lgodx?sf]
lgdf{0f Pj+ ;dofg';f/ cfˆgf] ;]jf tyf ;'ljwfx?df kl/jt{g ub}{ nlug] ljQLo ;+:yfsf] gLlt /x]sf] 5 .
;fy} sf]le8 !( af6 kg{ ;Sg] hf]lvd Go"lgs/0fsf] nflu u|fxs ;Fu lgoldt ;Dks{df /xg] shf{sf] ljljlws/0f ug]{,
lgofdsn] lgb]{zg u/] adf]lhd shf{ e'QmfgLsf] cjlw leq d} shf{ e'QmfgL ug{ u|fxsnfO{ k|]l/t ug]{ h:tf pkfox?
cjnDag ul/g]5 .

u=(= ljQLo ljj/0f M

-s_ ljQLo ljj/0f / tT;DaGwdf Joj:yfkgsf] wf/0ff / ljZn]if0f M
-c_ ;+ul7t ;+:yfsf] n]vfkl/If0f ePsf] kl5Nnf] cfly{s jif{sf] jf;nft, gfkmf gf]S;fg lx;fa, gfkmf gf]S;fg lx;fj
afF8kmfF6, gub k|jfx ljj/0f M
ljQLo ;+:yfsf] cf=a=@)&&÷)&* sf] n]vfkl/If0f ePsf] tyf ;fwf/0f ;efaf6 kfl/t jf;nft, gfkmf gf]S;fg lx;fj,
gf]kmf gf]S;fg afF8kmfF6 lx;fa tyf gub k|jfxsf] ljj/0f lgDgfg';f/ 5 M

jf;nft -cfiff9 d;fGt, @)&*_

k"FhL tyf bfloTj /sd -?=xhf/df_
!= z]o/ k"FhL 152,500
@= hu]8f tyf sf]ifx? 8,167.59
#= C0fkq tyf a08 —
$= ltg{ afFsL shf{ ;fk6 1,430,441.58
%= lgIf]k bfloTj 149,664.97
^= e'QmfgL lbg' kg]{ lanx? —
&= k|:tfljt tyf e'QmfgL lbg afFsL nfef+z —
*= cfos/ bfloTj —
(= cGo bfloTj 11,470.49
s'n k"FhL tyf bfloTj 1,752,244.63
;DklQ /sd -?=xhf/df_
!= gub df}Hbft 1,263.45
@ g]kfn /fi6« a}+sdf /x]sf] df}Hbft —
#= a}s ÷laQLo ;+:yfdf /x]sf] df}Hbft 216,192.91
$= dfu tyf cNk ;'rgfdf k|fKt x'g] /sd —
%= nufgL —
^= shf{ ;fk6 tyf lan vl/b 1,517,787.73
&= l:y/ ;DklQ 11,790.47
*= u}/ a}+ls+Í ;DklQ 0
(= cGo ;DklQ 5,210.07
s'n ;DklQ 1,752,244.63

gfkmf gf]S;fg lx;fj ->fj0f !, @)&& b]lv cfiff9 d;fGt @)&*_

ljj/0f /sd -?=xhf/df_
!= Jofh cfDbfgL 122,986.10
@= Jofh vr{ 45,941.50
v'b Aofh cfDbfgL 77,044.60
$= sldzg tyf cGo ;Grfng cfDbfgL 33,248.27
%= ;6xL 36a9 cfDbfgL —
s'n ;+rfng cfDbfgL 110,292.87
^= sd{rf/L vr{ 39,665.33
&= cGo ;+rfng vr{ 18,321.21
*= ;6xL 36a9 gf]]S;fg —
;Defljt gf]S;gL Aoa:yf cl3sf] ;+rfng d'gfkmf 52,306.33

16
(= ;Defljt gf]S;fgL 28,754.65
;+rfng d'gfkmf÷-gf]S;fg_ 23,551.68
!)=u}/ ;+rfng cfDbfgL÷-gf]S;fg_ —
!!=;Defljt gf]S;fgL Aoa:yfaf6 lkmtf{ —
lgoldt sf/f]jf/af6 ePsf] d'gfkmf 23,551.68
!@=c;fdfGo sf/f]jf/af6 ePsf] d'gfkmf÷-vr{_ —
cg'bfg k|fKt ;DklQsf] x|f; s§L /sd cfDbfgL —
;Dk"0f{ sf/f]jf/ ;dfj]z kl5sf] v'b gfkmf 23,551.68
!#=sd{rf/L af]g; Joj:yf 2,355.17
!$=cfos/ Joj:yf (3500.40)
o; jif{sf] (4,230.00)
ut jif{sf] —
k/ ;fl/Psf] cfos/ cfDbfgL ÷ -vr{_ 729.60
v'b d'gfkmf÷-gf]]S;fg_ 17,696.11
z]o/ ;+Vof -xhf/df_ 1525
k|lt z]o/ cfDbfgL -?=_ 11.60

gfkmf gf]S;fg afF8kmfF8 lx;fj ->fj0f !, @)&& b]lv cfiff9 d;fGt @)&*_
ljj/0f /sd -?= xhf/df_
cfDbfgL
!= ut jif{;Ddsf] ;+lrt d'gfkmf 17,696.11
@= o; jif{sf] d'gfkmf —
#= ;6xL 36a9 sf]if —
$= :yug s/ —
%= hu]8f sf]if ;dfof]hg —
^= ut aif{sf] ;+:yfut ;fdflhs pQ/bfloTj sf]ifaf6 lkmtf{ /sd —
&= ut aif{sf] sd{rf/Lx?sf]] bIftf clej[l4 sf]ifaf6 lkmtf{ /sd —
*= ut ;fnsf] z]o/ lk|ldod —
hDdf 17,696.11
vr{
!= ut jif{;Ddsf] ;+lrt gf]]S;fg 9,528.52
@= o; jif{sf] gf]]S;fg —
#= ;fw/0f hu]8f sf]if 3,539.22
$= e}k/L cfpg] hu]8f -k/ ;f/]sf] s/_ —
%= ;+:yf ljsf; sf]if —
^= nfe+fz ;dLs/0f sf]if —
&= sd{rf/L ;DaGwL hu]]8fx? —
*= k|:tfljt nfef+z —
(= k|:tfljt af]g; z]o/ hf/L —
!)= ljz]]if hu]]8f sf]if —
!!= ;6xL 36a9 sf]if —
!@= kF"hL lkmtf{ hu]8f sf]if —
!#= kF"hL ;dfof]hg sf]if —
!$= cGo -:yug s/ hu]8f_ 729.60
!%= nufgL ;dfof]hg sf]if —
!^= ut jif{ ;DaGwL ;dfof]hg —
!&= ;fdflhs pQ/bfloTj sf]if 176.96
!*= u|fxs ;+/If0fsf]if 176.96
!(= sd{rf/Lx?sf]] bIftf clej[l4 sf]if —
hDdf 14,151.27
;l~rt d'gfkmf÷-gf]]S;fg_ 3,544.84

17
 gub k|jfx ljj/0f ->fj0f !, @)&& b]lv cfiff9 d;fGt @)&*_
ljj/0f /sd -?= xhf/df_
s_ sf/f]af/ ;~rfngaf6 gub k|jfx 209,836.68
!= gub k|flKt 156,234.37
!=! Jofh cfDbfgL 122,986.10
!=@ sldzg tyf l8isfp06 cfDbfgL 33,248.27
!=# ljb]zL ljlgdo sf/f]af/af6 cfDbfgL —
—
!=$ ckn]lvt shf{sf] c;"nL
!=% cGo cfDbfgL —
@= gub e'QmfgL 107,615.63
@=!= Jofh vr{ 45,941.50
@=@ sd{rf/L vr{ 42,020.50
@=# sfof{no ;+rfng vr{ —
@=$ cfos/ e'QmfgL 3,500.40
@=% cGo vr{ 16,153.24
sfo{ut k"FhL ultljlw cl3sf] gub k|jfx 48,618.74
;~rfng ;DalGw rfn' ;Dkltdf sdL÷-a[l4_ (1,379,608.48)
!= dfu tyf cNk ;'rgfdf k|fKt x'g] /sddf sdL÷-a[l4_ —
@= cGo cNksfnLg nufgLdf sdL÷-a[l4_ -
#= shf{ tyf ljN; v/Lbdf sdL÷-a[l4_ (1,371,251.76)
$= cGo ;DklQdf sdL÷-a[l4_ (8,356.72)
;~rfng ;DalGw rfn' bfloTjdf sdL÷-a[l4_ 1,540,826.42
!= lg5]k bfloTjdf sdL j|l¢ 135,800.97
@= ;l6{lkms]6 ckm l8kf]lhtdf -sdL_÷a[l4 —
#= cNksfnLg ;fk6Ldf -sdL_÷a[l4 1,396,038.35
$= cGo bfloTjdf -sdL_÷a[l4 8,987.07
v_ nufgL sf/f]af/df gub k|jfx (3946.08)
!= bL3{sfnLg nufgLdf sdL÷-a[l4_ —
@= z]o/ tyf l8a]~r/ laqmLaf6 k|fKt /sd —
#= l:y/ ;Dkltdf sdL÷-a[l4_ (3946.08)
$= bL3{sfnLg nufgLdf Jofh cfDbfgL —
%= nfefz+ cfDbfgL —
^= cGo —
u_ ljQLo sf/f]af/af6 gub k|jfx —
!= bL3{sfnLg C0f -a08, l8a]~r/ cflb_ df a[l4÷-sdL_ —
@= z]o/ kF"hLdf a[l4÷-sdL_ —
#= cGo bfloTjdf a[l4÷-sdL_ —
$= nfef+; e'QmfgL —
%= dh{/ kl5 z]o/ k'+hL tyf sf]ifdf ePsf] kl/jt{gsf] ;dfof]hg —
^= g]kfn /fi6« a}+saf6 k|fKt ;x'lnot÷k'g/shf{df a[l4÷-sdL_ —
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 205,890.60
r_ gub tyf a}+sdf /x]sf] z'?sf] df}Hbft 11,565.77
5_ gub tyf a}+sdf /x]sf] clGtd df}Hbft 217,456.36

-cf_ ;~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]vfkl/If0f ePsf] gfkmf gf]S;fg, jf;nft ;lxtsf] ;+lIfKt ljQLo ljj/0f -;xfos sDkgL eP ;dli6s[t
?kdf_ M
ljQLo ;+:yfn] cfkm\gf] sf/f]af/ ldlt @)&^÷*÷! ut] b]lv k|f/De u/]sf] xf] . ljQLo ;+:yfsf] ljut jif{x?sf]
n]vfkl/Ifs af6 k|dfl0ft jf;nft / gfkmf gf]S;fg lx;fjsf] ljj/0f b]xfo adf]lhd /x]sf] 5 M
18
 jf;nft
/sd -?=xhf/df_
k"FhL tyf bfloTj
cf=a=)&%÷)&^ cf=a=)&^÷)&& cf=a=)&&÷)&*
!= z]o/ k"FhL 152,500 152,500 152,500
@= hu]8f tyf sf]ifx? (925.19) (9,528.52) 8,167.59
#= C0fkq tyf a08 — — —
$= ltg{ afFsL shf{ ;fk6 — 34,403.23 1,430,441.58
%= lgIf]k bfloTj — 13,863.97 149,664.97
^= e'QmfgL lbg' kg]{ lanx? — — —
&= k|:tfljt tyf e'QmfgL lbg afFsL nfef+z — — —
*= cfos/ bfloTj — — —
(= cGo bfloTj 160.26 2,483.42 11,470.49
s'n k"FhL tyf bfloTj 151,735.07 193,722.10 1,752,244.63
;DklQ cf=a=)&%÷)&^ cf=a=)&^÷)&& cf=a=)&&÷)&*
!= gub df}Hbft — 525.61 1,263.45
@ g]kfn /fi6« a}+sdf /x]sf] df}Hbft 8,810.5 — —
#= a}s ÷laQLo ;+:yfdf /x]sf] df}Hbft 138,782.87 11,040.16 216,192.91
$= dfu tyf cNk ;'rgfdf k|fKt x'g] /sd — — —
%= nufgL — — —
^= shf{ ;fk6 tyf lan vl/b — 171,901.41 1,517,787.73
&= l:y/ ;DklQ 3,060.43 10,012.36 11,790.47
*= u}/ a}+ls+Í ;DklQ — — 0
(= cGo ;DklQ 1,081.28 242.56 5,210.07
s'n ;DklQ 151,735.07 193,722.10 1,752,244.63

gfkmf gf]S;fg lx;fj

/sd -?=xhf/df_
ljj/0f
cf=a=)&%÷)&^ cf=a=)&^÷)&& cf=a=)&&÷)&*
!= Jofh cfDbfgL 2,036.40 12,707.93 122,986.10
@= Jofh vr{ — 1,429.31 45,941.50
v'b Aofh cfDbfgL 2,036.40 11,278.62 77,044.60
$= sldzg tyf cGo ;Grfng cfDbfgL — 4,166.66 33,248.27
%= ;6xL 36a9 cfDbfgL — — —
s'n ;+rfng cfDbfgL 2,036.40 15,445.28 110,292.87
^= sd{rf/L vr{ — 13,313.91 39,665.33
&= cGo ;+rfng vr{ 2,961.59 8,727.80 18,321.21
*= ;6xL 36a9 gf]]S;fg — — —
;Defljt gf]S;fgL Joj:yf cl3sf] ;+rfng d'gfkmf (925.19) (6,596.42) 52,306.33
(= ;Defljt gf]S;fgL — 1,859.85 28,754.65
;+rfng d'gfkmf÷-gf]S;fg_ (925.19) (8,456.27) 23,551.68
!)=u}/ ;+rfng cfDbfgL÷-gf]S;fg_ — — —
!!=;Defljt gf]S;fgL Joj:yfaf6 lkmtf{ — — —
lgoldt sf/f]jf/af6 ePsf] d'gfkmf (925.19) (8,456.27) 23,551.68
!@=c;fdfGo sf/f]jf/af6 ePsf] d'gfkmf÷-vr{_ — — —
cg'bfg k|fKt ;DklQsf] x|f; s§L /sd cfDbfgL — — —
;Dk"0f{ sf/f]jf/ ;dfj]z kl5sf] v'b gfkmf (925.19) (8,456.27) 23,551.68
!#=sd{rf/L af]g; Joj:yf — — 2,355.17
!$=cfos/ Aoa:yf — — (3500.40)
o; jif{sf] — — (4,230.00)

19
 ut jif{sf] — — —
k/ ;fl/Psf] cfos/ cfDbfgL ÷ -vr{_ — 147.06 729.60
v'b d'gfkmf÷-gf]]S;fg_ (925.19) (8,603.33) 17,696.11
z]o/ ;+Vof -xhf/df_ 1,525 1,525 1525
k|lt z]o/ cfDbfgL -?=_ (6.71) (5.64) 11.60

gfkmf gf]S;fg afF8kmfF8 lx;fa

ljj/0f /sd -?=xhf/df_
cf=a=)&%÷)&^ cf=a=)&^÷)&& cf=a=)&&÷)&*
cfDbfgL
!= ut jif{;Ddsf] ;+lrt d'gfkmf - - 17,696.11
@= o; jif{sf] d'gfkmf — — —
#= ;6xL 36a9 sf]if — — —
$= :yug s/ — — —
%= hu]8f sf]if ;dfof]hg — — —
^= ut aif{sf] ;+:yfut ;fdflhs pQ/bfloTj sf]ifaf6 — — —
lkmtf{ /sd
&= ut aif{sf] sd{rf/Lx?sf]] bIftf clej[l4 sf]ifaf6 — — —
lkmtf{ /sd
*= ut ;fnsf] z]o/ lk|ldod — — —
hDdf - 17,696.11
vr{
!= ut jif{;Ddsf] ;+lrt gf]]S;fg - 925.19 9,528.52
@= o; jif{sf] gf]]S;fg 925.19 8,603.33 —
#= ;fw/0f hu]8f sf]if — - 3,539.22
$= e}k/L cfpg] hu]8f -k/ ;f/]sf] s/_ — — —
%= ;+:yf ljsf; sf]if — — —
^= nfe+fz ;dLs/0f sf]if — — —
&= sd{rf/L ;DaGwL hu]]8fx? — — —
*= k|:tfljt nfef+z — — —
(= k|:tfljt af]g; z]o/ hf/L — — —
!)= ljz]]if hu]]8f sf]if — — —
!!= ;6xL 36a9 sf]if — — —
!@= kF"hL lkmtf{ hu]8f sf]if — — —
!#= kF"hL ;dfof]hg sf]if — — —
!$= cGo -:yug s/ hu]8f_ — — 729.60
!%= nufgL ;dfof]hg sf]if — — —
!^= ut jif{ ;DaGwL ;dfof]hg — — —
!&= ;fdflhs pQ/bfloTj sf]if — — 176.96
!*= u|fxs ;+/If0fsf]if — — 176.96
!(= sd{rf/Lx?sf]] bIftf clej[l4 sf]if — — —
hDdf — 9,528.52 14,151.27
;l~rt d'gfkmf÷-gf]]S;fg_ (925.19) (9,528.52) 3,544.84

20
 gub k|jfx ljj/0f
ljj/0f /sd -?=xhf/df_
cf=a=)&%÷)&^ cf=a=)&^÷)&& cf=a=)&&÷)&*
s_ sf/f]af/ ;~rfngaf6 gub k|jfx (1,846.21) (162,119.22) 209,836.68
!= gub k|flKt 2,036.40 16,874.59 156,234.37
!=! Aofh cfDbfgL 2,036.40 12,707.93 122,986.10
!=@ sldzg tyf l8isfp06 cfDbfgL — 4,166.66 33,248.27
!=# ljb]zL ljlgdo sf/f]af/af6 cfDbfgL — — —
!=$ ckn]lvt shf{sf] c;"nL — — —
!=% cGo cfDbfgL — — —
@= gub e'QmfgL 2,961.59 21218.39 107,615.63
@=!= Jofh vr{ — 1,429.31 45,941.50
@=@ sd{rf/L vr{ — 12420.96 42,020.50
@=# sfof{no ;+rfng vr{ 2,961.59 73,68.12 —
@=$ cfos/ e'QmfgL — — 3,500.40
@=% cGo vr{ — — 16,153.24
sfo{ut k"FhL ultljlw cl3sf] gub k|jfx (925.19) (4,343.80) 48,618.74
;~rfng ;DalGw rfn' ;Dkltdf sdL÷-a[l4_ (1,081.28) (172,922.55) (1,379,608.48)
!= dfu tyf cNk ;'rgfdf k|fKt x'g] /sddf sdL÷- — —
—
a[l4_
@= cGo cNksfnLg nufgLdf sdL÷-a[l4_ — — -
#= shf{ tyf ljN; v/Lbdf sdL÷-a[l4_ — (173,761.26) (1,371,251.76)
$= cGo ;DklQdf sdL÷-a[l4_ (1081.28) 838.71 (8,356.72)
;~rfng ;DalGw rfn' bfloTjdf sdL÷-a[l4_ 160.26 15,147.13 1,540,826.42
!= lg5]k bfloTjdf sdL j|l¢ — 13,863.97 135,800.97
@= ;l6{lkms]6 ckm l8kf]lhtdf -sdL_÷a[l4 — — —
#= cNksfnLg ;fk6Ldf -sdL_÷a[l4 — — 1,396,038.35
$= cGo bfloTjdf -sdL_÷a[l4 160.26 1283.16 8,987.07
v_ nufgL sf/f]af/df gub k|jfx (3,060.43) (8,311.61) (3946.08)
!= bL3{sfnLg nufgLdf sdL÷-a[l4_ — — —
@= z]o/ tyf l8a]~r/ laqmLaf6 k|fKt /sd — — —
#= l:y/ ;Dkltdf sdL÷-a[l4_ (3060.43) (8311.61) (3946.08)
$= bL3{sfnLg nufgLdf Jofh cfDbfgL —
%= nfefz+ cfDbfgL —
^= cGo —
u_ ljQLo sf/f]af/af6 gub k|jfx 152,500 34403.23 —
!= bL3{sfnLg C0f -a08, l8a]~r/ cflb_ df a[l4÷- — —
—
sdL_
@= z]o/ kF"hLdf a[l4÷-sdL_ 152,500 — —
#= cGo bfloTjdf a[l4÷-sdL_ — 34,403.23 —
$= nfef+; e'QmfgL — — —
%= dh{/ kl5 z]o/ k'+hL tyf sf]ifdf ePsf] kl/jt{gsf] — — —
;dfof]hg
^= g]kfn /fi6« a}+saf6 k|fKt ;x'lnot÷k'g/shf{df — — —
a[l4÷-sdL_
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 147593.38 (136,027.60) 205,890.60
r_ gub tyf a}+sdf /x]sf] z'?sf] df}Hbft — 147,593.38 11,565.77
5_ gub tyf a}+sdf /x]sf] clGtd df}Hbft 147,593.38 11,565.77 217,456.36

21
 Gff]6 M g]kfn /fi6« a}+sn] æ3Æ ju{sf] Ohfhtkqk|fKt n3'ljQ ljQLo ;+:yfx?nfO{ hf/L ul/Psf] PsLs[t lgb]{zg,@)&* sf]
lgb]{zg g+=$ ! u df æo; a}+ssf] lgb]{zgdf tf]lsPsf] cj:yfdf afx]s ljQLo ljj/0fx? g]kfn n]vf dfkb08 (NAS)
cg';f/ tof/ ug'{kg]{5 . g]kfn n]vf dfkb08n] ;dfj]z gu/]sf If]qx?df cGt/f{li6«o n]vf dfkb08 (IAS/IFRSs)
nfO{ cfwf/sf] ?kdf lng' kg]{5 . yf]s shf{ sf/f]jf/ ug]{ / ;j{;fwf/0faf6 lgIf]k ;+sng ug]{ n3'ljQ ljQLo
;+:yfx?n] cfly{s jif{ @)&*÷)&( / ;f] kZrft\sf ljQLo ljj/0f g]kfn ljQLo k|ltj]bgdfg (NFRSs) cg';f/ tof/
ug'{ kg]{5 . ;fy}, /fli6«o:t/sf n3'ljQ ljQLo ;+:yfn] @)&( c;f/ d;fGtsf] ljQLo ljj/0f g]kfn ljQLo
k|ltj]bgdfg (NFRSs) cg';f/ ;d]t ;dfgfGt/ ?kdf tof/ ug'{ kg]{5 .Æ eGg] Joj:yf /x]sf] x'Fbf ;f]xL Joj:yf
cg';f/ o; n3'ljQ ljQLo ;+:yf k|b]z :t/sf] Ohfhtkqk|fKt ljQLo ;+:yf /x]sf]n] ljQLo ljj/0fx? g]kfn n]vf
dfkb08 (NAS) cg';f/ tof/ ul/Psf] xf] .
-O_ cfly{s jif{ ;dfKt ePsf] ^ dlxgf kZrft ljj/0fkq :jLs[tLsf] nflu k]z u/]df pQm cGtl/d cjlwsf] nflu
n]vfkl/Ifsaf6 k|dfl0ft u/]sf] ckl/is[t ljQLo ljj/0f M
ljQLo ;+:yfsf] cf=a=@)&*÷)&( ;Ddsf] n]vf kl/Ifsaf6 k|dfl0ft jf;nft, gfkmf gf]S;fg lx;fj / gub k|jfxsf]
ljj/0f lgDgfg';f/ 5
jf;nft -@)&* >fj0f ! ut]b]lv @)&* r}q d;fGt ;Ddsf]_
k"FhL tyf bfloTj /sd -?=xhf/df_
!= z]o/ k"FhL 152,500
@= hu]8f tyf sf]ifx? 19,288.92
#= C0fkq tyf a08 -
$= ltg{ afFsL shf{ ;fk6 1,744,945.40
%= lgIf]k bfloTj 291,998.06
^= e'QmfgL lbg' kg]{ lanx? -
&= k|:tfljt tyf e'QmfgL lbg afFsL nfef+z -
*= cfos/ bfloTj -
(= cGo bfloTj 16,136.46
s'n k"FhL tyf bfloTj 2,224,868.84
;DklQ /sd -?=xhf/df_
!= gub df}Hbft 3,174.33
@ g]kfn /fi6« a}+sdf /x]sf] df}Hbft -
#= a}s ÷laQLo ;+:yfdf /x]sf] df}Hbft 98,736.66
$= dfu tyf cNk ;'rgfdf k|fKt x'g] /sd -
%= nufgL -
^= shf{ ;fk6 2,089,691.24
&= l:y/ ;DklQ 22,831.18
*= u}/ a}+ls+Í ;DklQ -
(= cGo ;DklQ 10,435.43
s'n ;DklQ 2,224,868.84

gfkmf gf]S;fg lx;fa -@)&* >fj0f ! ut]b]lv @)&* r}q d;fGt ;Ddsf]_
ljj/0f /sd -?=xhf/df_
!= Jofh cfDbfgL 194635.25
@= Jofh vr{ 121111.18
v'b Aofh cfDbfgL 73,524.07
$= sldzg tyf cGo ;Grfng cfDbfgL 28,432.69
%= ;6xL 36a9 cfDbfgL -
s'n ;+rfng cfDbfgL 101,956.76
^= sd{rf/L vr{ 48,364.52
&= cGo ;+rfng vr{ 24,274.37
*= ;6xL 36a9 gf]]S;fg -
;Defljt gf]S;fgL Joj:yf cl3sf] ;+rfng d'gfkmf 29,317.87
(= ;Defljt gf]S;fgL 11,566.62
;+rfng d'gfkmf÷-gf]S;fg_ 17,751.25
22
!)=u}/ ;+rfng cfDbfgL÷-gf]S;fg_ -
!!=;Defljt gf]S;fgL Joj:yfaf6 lkmtf{ -
lgoldt sf/f]jf/af6 ePsf] d'gfkmf 17,751.25
!@=c;fdfGo sf/f]jf/af6 ePsf] d'gfkmf÷-vr{_ -
cg'bfg k|fKt ;DklQsf] x|f; s§L /sd cfDbfgL -
;Dk"0f{ sf/f]jf/ ;dfj]z kl5sf] v'b gfkmf 17,751.25
!#=sd{rf/L af]g; Joj:yf 1775.13
!$=cfos/ Joj:yf (4792.84)
o; jif{sf] (4792.84)
ut jif{sf] -
k/ ;fl/Psf] cfos/ cfDbfgL ÷ -vr{_ -
v'b d'gfkmf÷-gf]]S;fg_ 11,183.28
z]o/ ;+Vof -xhf/df_ 1525
k|lt z]o/ cfDbfgL -?=_ 7.33

gfkmf gf]S;fg afF8kmfF8 lx;fa ->fj0f !, @)&* b]lv r}t d;fGt @)&*_
ljj/0f /sd -?= xhf/df_
cfDbfgL
!= ut jif{;Ddsf] ;+lrt d'gfkmf 3,544.84
@= o; jif{sf] d'gfkmf 11,183.28
#= ;6xL 36a9 sf]if -
$= :yug s/ -
%= hu]8f sf]if ;dfof]hg -
^= ut jif{sf] ;+:yfut ;fdflhs pQ/bfloTj sf]ifaf6 lkmtf{ /sd -
&= ut jif{sf] sd{rf/Lx?sf]] bIftf clej[l4 sf]ifaf6 lkmtf{ /sd -
*= ut ;fnsf] z]o/ lk|ldod -
hDdf 14,728.12
vr{
!= ut jif{;Ddsf] ;+lrt gf]]S;fg -
@= o; jif{sf] gf]]S;fg —
#= ;fw/0f hu]8f sf]if 2,236.66
$= e}k/L cfpg] hu]8f -k/ ;f/]sf] s/_ —
%= ;+:yf ljsf; sf]if —
^= nfe+fz ;dLs/0f sf]if —
&= sd{rf/L ;DaGwL hu]]8fx? —
*= k|:tfljt nfef+z —
(= k|:tfljt af]g; z]o/ hf/L —
!)= ljz]]if hu]]8f sf]if —
!!= ;6xL 36a9 sf]if —
!@= kF"hL lkmtf{ hu]8f sf]if —
!#= kF"hL ;dfof]hg sf]if —
!$= cGo -:yug s/ hu]8f_ -
!%= nufgL ;dfof]hg sf]if —
!^= ut jif{ ;DaGwL ;dfof]hg —
!&= ;fdflhs pQ/bfloTj sf]if 111.83
!*= u|fxs ;+/If0fsf]if 111.83
!(= sd{rf/Lx?sf]] bIftf clej[l4 sf]if —
hDdf 2,460.32
;l~rt d'gfkmf÷-gf]]S;fg_ 12,267.80

23
 gub k|jfx ljj/0f -@)&* >fj0f !, @)&* r}q d;fGt ;Ddsf]_
ljj/0f /sd -?= xhf/df_
s_ sf/f]af/ ;~rfngaf6 gub k|jfx (102,490.49)
!= gub k|flKt 223,067.94
!=! Aofh cfDbfgL 194,635.25
!=@ sldzg tyf l8isfp06 cfDbfgL 28,432.69
!=# ljb]zL ljlgdo sf/f]af/af6 cfDbfgL -
!=$ ckn]lvt shf{sf] c;"nL -
!=% cGo cfDbfgL -
@= gub e'QmfgL 198,365.82
@=!= Jofh vr{ 121,111.19
@=@ sd{rf/L vr{ 50,139.64
@=# sfof{no ;+rfng vr{ -
@=$ cfos/ e'QmfgL 4,792.84
@=% cGo vr{ 22,322.15
sfo{ut k"FhL ultljlw cl3sf] gub k|jfx 24,702.12
;~rfng ;DalGw rfn' ;Dkltdf sdL÷-a[l4_ (588,695.49)
!= dfu tyf cNk ;'rgfdf k|fKt x'g] /sddf sdL÷-a[l4_ -
@= cGo cNksfnLg nufgLdf sdL÷-a[l4_ -
#= shf{df sdL÷-a[l4_ (583,470.13)
$= cGo ;DklQdf sdL÷-a[l4_ (5,225.36)
;~rfng ;DalGw rfn' bfloTjdf sdL÷-a[l4_ 461,502.88
!= lg5]k bfloTjdf sdL j|l¢ 142,333.09
@= ;l6{lkms]6 ckm l8kf]lhtdf -sdL_÷a[l4 314,503.82
#= cNksfnLg ;fk6Ldf -sdL_÷a[l4 -
$= cGo bfloTjdf -sdL_÷a[l4 4,665.97
v_ nufgL sf/f]af/df gub k|jfx (12,992.93)
!= bL3{sfnLg nufgLdf sdL÷-a[l4_ -
@= z]o/ tyf l8a]~r/ laqmLaf6 k|fKt /sd -
#= l:y/ ;Dkltdf sdL÷-a[l4_ (12,992.93)
$= bL3{sfnLg nufgLdf Jofh cfDbfgL -
%= nfefz+ cfDbfgL -
^= cGo -
u_ ljQLo sf/f]af/af6 gub k|jfx (61.96)
!= bL3{sfnLg C0f -a08, l8a]~r/ cflb_ df a[l4÷-sdL_ -
@= z]o/ kF"hLdf a[l4÷-sdL_ -
#= cGo bfloTjdf a[l4÷-sdL_ (61.96)
$= nfef+; e'QmfgL -
%= dh{/ kl5 z]o/ k'+hL tyf sf]ifdf ePsf] kl/jt{gsf] ;dfof]hg -
^= g]kfn /fi6« a}+saf6 k|fKt ;x'lnot÷k'g/shf{df a[l4÷-sdL_ -
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 (115,545.38)
r_ gub tyf a}+sdf /x]sf] z'?sf] df}Hbft 217,456.36
5_ gub tyf a}+sdf /x]sf] clGtd df}Hbft 101,910.98

-O{_ cfDbfgL / vr{sf] lx;fjdf s'g} lzif{sdf 7'nf] dfqfdf kl/jt{g ePdf To;sf] ljZn]if0ffTds sf/0f M ;f] gePsf] .
-p_ kl5Nnf] ljQLo ljj/0fsf] n]vfkl/If0f eP kZrft ;+ul7t ;+:yfsf] sf/f]af/df, 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]
3f/0ff M ;f] gePsf] .
-pm_ cfly{s aif{ ;dfKt ePkl5 ljj/0fkq k]z u/]df, ljj/0fkq k]z u/]sf] ldltaf6 :jLs[tL x'g] ldlt ;Dddf jf;nftsf]
ldlt kl5sf] 36gfsf] af/]df 5'§} hfgsf/L ljj/0fkqdf ;dfj]z ug'{ kg]{ M ;f] gePsf] .
24
-P_ ljut % aif{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] .
-P]_ cfufdL tLg jif{sf] k|If]lkt jf;nft, gfkmf gf]S;fg lx;fasf ;fy} To;sf u0fgfsf] cfwf/x? M
ljQLo ;+:yfsf] cfufdL # cfly{s jif{sf nflu k|If]lkt ljQLo l:ylt b]xfo adf]lhd /x]sf] 5 M

jf;nft
k|If]lkt -?= xhf/df_
k"FhL tyf bfloTj
cf=a=)&*÷)&( cf=a=)&(÷)*) cf=a=)*)÷)*!
!= z]o/ k"FhL 250,000 250,000 250,000
@= hu]8f tyf sf]ifx? 37,616.45 85,875.85 176,265.73
#= C0fkq tyf a08 — — —
$= ltg{ afFsL shf{ ;fk6 1,933,480.19 2,547,768.79 3,152,123.35
%= lgIf]k bfloTj 341,502.24 443,952.91 539,402.79
^= e'QmfgL lbg' kg]{ lanx? — — —
&= k|:tfljt tyf e'QmfgL lbg afFsL nfef+z — — —
*= cfos/ bfloTj 12,620.98 20,628.56 38,738.52
(= cGo bfloTj 16,632.21 21,621.88 27,459.78
s'n k"FhL tyf bfloTj 2,591,852 3,369,901.99 41,83,990.17
;DklQ cf=a=)&*÷)&( cf=a=)&(÷)*) cf=a=)*)÷)*!
!= gub df}Hbft 8507.80 18,091.86 30,361.29
@= g]kfn /fi6« a}+sdf /x]sf] df}Hbft — — —
#= a}s ÷ljQLo ;+:yfdf /x]sf] df}Hbft 281,915.56 363,354.96 528,098.45
$= dfu tyf cNk ;'rgfdf k|fKt x'g] /sd — — —
%= nufgL — — —
^= shf{ ;fk6 tyf lan vl/b 2,276,681.60 2,959,686.08 3,596,018.59
&= l:y/ ;DklQ 16,932.11 18,609.45 17,320.28
*= u}/ a}+ls+Í ;DklQ — — —
(= cGo ;DklQ 7,815.10 10,159.63 12,191.
s'n ;DklQ 2,591,852 3,369,901.99 41,83,990.17

gfkmf gf]S;fg lx;fj

k|If]lkt -?=xhf/df_
ljj/0f
cf=a=)&*÷)&( cf=a=)&(÷)*) cf=a=)*)÷)*!
!= Jofh cfDbfgL 215,840.60 29,1384.81 407,938.74
@= Jofh vr{ 71,664.50 94,191.18 116,139.82
v'b Aofh cfDbfgL 144,176.10 197,193.63 291,798.92
$= sldzg tyf cGo ;Grfng cfDbfgL 11,587.60 10,428.84 9,716.20
%= ;6xL 36a9 cfDbfgL — — —
s'n ;+rfng cfDbfgL 155,763.70 207,622.47 301,515.12
^= sd{rf/L vr{ 59,498.00 78,537.36 90,317.96
&= cGo ;+rfng vr{ 35,908.69 40,231.66 56,306.96
*= ;6xL 36a9 gf]]S;fg — — —
;Defljt gf]S;gL Joj:yf cl3sf] ;+rfng d'gfkmf 60,357.01 88,853.45 154,890.19
(= ;Defljt gf]S;fgL 13,612.64 12,251.38 11,414.20
;+rfng d'gfkmf÷-gf]S;fg_ 46,744.37 76,602.07 143,475.99
!)=u}/ ;+rfng cfDbfgL÷-gf]S;fg_ — — —
!!=;Defljt gf]S;fgL Aoa:yfaf6 lkmtf{ — — —
lgoldt sf/f]jf/af6 ePsf] d'gfkmf 46,744.37 76,602.07 143,475.99
!@=c;fdfGo sf/f]jf/af6 ePsf] d'gfkmf÷-vr{_ — — —
cg'bfg k|fKt ;DklQsf] x|f; s§L /sd cfDbfgL — — —
;Dk"0f{ sf/f]jf/ ;dfj]z kl5sf] v'b gfkmf 46,744.37 76,602.07 143,475.99
!#=sd{rf/L af]g; Joj:yf 4674.44 7660.21 14,347.60
25
!$=cfos/ Joj:yf 12,620.98 20,682.56 38,738.52
o; jif{sf] 12,620.98 20,682.56 38,738.52
ut jif{sf] — — —
k/ ;fl/Psf] cfos/ vr{÷-cfDbfgL_ — — —
v'b d'gfkmf÷-gf]]S;fg_ 29,448.95 48,259.30 90,389.87
z]o/ ;+Vof -xhf/df_ 2500 2500 2500
k|lt z]o/ cfDbfgL -?=_ 11.78 19.30 36.16

gfkmf gf]S;fg afF8kmfF8 lx;fa

ljj/0f k|If]lkt -?=xhf/df_
cf=a=)&*÷)&( cf=a=)&(÷)*) cf=a=)*)÷)*!
cfDbfgL
!= ut jif{;Ddsf] ;+lrt d'gfkmf 3,544.84 26,515.03 64,157.28
@= o; jif{sf] d'gfkmf 29,448.95 48,259.30 90,389.88
#= ;6xL 36a9 sf]if - - -
$= :yug s/ - - -
%= hu]8f sf]if ;dfof]hg - - -
^= ut aif{sf] ;+:yfut ;fdflhs pQ/bfloTj - - -
sf]ifaf6 lkmtf{ /sd
&= ut aif{sf] sd{rf/Lx?sf]] bIftf clej[l4 sf]ifaf6 - - -
lkmtf{ /sd
*= ut ;fnsf] z]o/ lk|ldod - - -
hDdf 32,993.79 74,774.33 154,547.16
vr{
!= ut jif{;Ddsf] ;+lrt gf]]S;fg - - -
@= o; jif{sf] gf]]S;fg - - -
#= ;fw/0f hu]8f sf]if 5,889.79 9,651.86 18,077.98
$= e}k/L cfpg] hu]8f -k/ ;f/]sf] s/_ - - -
%= ;+:yf ljsf; sf]if - - -
^= nfe+fz ;dLs/0f sf]if - - -
&= sd{rf/L ;DaGwL hu]]8fx? - - -
*= k|:tfljt nfef+z - - -
(= k|:tfljt af]g; z]o/ hf/L - - -
!)= ljz]]if hu]]8f sf]if - - -
!!= ;6xL 36a9 sf]if - - -
!@= kF"hL lkmtf{ hu]8f sf]if - - -
!#= kF"hL ;dfof]hg sf]if - - -
!$= cGo -:yug s/ hu]8f_ - - -
!%= nufgL ;dfof]hg sf]if - - -
!^= ut jif{ ;DaGwL ;dfof]hg - - -
!&= ;fdflhs pQ/bfloTj sf]if 294.49 482.59 903.90
!*= u|fxs ;+/If0fsf]if 294.49 482.59 903.90
!(= sd{rf/Lx?sf]] bIftf clej[l4 sf]if - - -
hDdf 6478.77 10,617.05 19,885.78
;l~rt d'gfkmf÷-gf]]S;fg_ 26,515.02 64,157.28 134,661.38

26
 gub k|jfx ljj/0f
k|If]lkt -?=xhf/df_
ljj/0f
cf=a=)&*÷)&( cf=a=)&(÷)*) cf=a=)*)÷)*!
s_ sf/f]af/ ;~rfngaf6 gub k|jfx (16,279.68) 96,103.10 178,873.86
!= gub k|flKt 227,428.20 301,813.65 417,654.94
!=! Jofh cfDbfgL 214,840.6 291,384.81 407,938.74
!=@ sldzg tyf l8isfp06 cfDbfgL 11,587.60 10,428.64 9,716.20
!=# ljb]zL ljlgdo sf/f]af/af6 cfDbfgL - - -
!=$ ckn]lvt shf{sf] c;"nL - - -
!=% cGo cfDbfgL - - -
@= gub e'QmfgL 181,254.92 237,900.68 312,700.74
@=!= Jofh vr{ 71,664.49 94,191.18 116,139.81
@=@ sd{rf/L vr{ 64,172.44 86,197.56 104,665.56
@=# sfof{no ;+rfng vr{ 32,797.01 36,829.38 53,156.85
@=$ cfos/ e'QmfgL 12,620.98 20,682.56 38,738.52
@=% cGo vr{ - - -
sfo{ut k"FhL ultljlw cl3sf] gub k|jfx 46,173.28 63,912.97 104,954.20
;~rfng ;DalGw rfn' ;Dkltdf sdL÷-a[l4_ (775,111.54) (697,600.39) (649,778.63)
!= dfu tyf cNk ;'rgfdf k|fKt x'g] /sddf sdL÷- - - -
a[l4_
@= cGo cNksfnLg nufgLdf sdL÷-a[l4_ - - -
#= shf{ tyf ljN; v/Lbdf sdL÷-a[l4_ (772,506.51) (695,255.86) (647,746.71)
$= cGo ;DklQdf sdL÷-a[l4_ (2,605.03) (2,344.53) (2,031.92)
;~rfng ;DalGw rfn' bfloTjdf sdL÷-a[l4_ 712,658.59 729,790.52 723,698.30
!= lg5]k bfloTjdf sdL j|l¢ 191,837.27 102,450.67 95,449.88
@= ;l6{lkms]6 ckm l8kf]lhtdf -sdL_÷a[l4 - - -
#= cNksfnLg ;fk6Ldf -sdL_÷a[l4 503,038.61 614,288.61 604354.55
$= cGo bfloTjdf -sdL_÷a[l4 17,782.71 13,051.24 23,893.87
v_ nufgL sf/f]af/df gub k|jfx (8253.32) (5079.63) (1860.95)
!= bL3{sfnLg nufgLdf sdL÷-a[l4_ - - -
@= z]o/ tyf l8a]~r/ laqmLaf6 k|fKt /sd - - -
#= l:y/ ;Dkltdf sdL÷-a[l4_ 8253.32 5079.63 1860.95
$= bL3{sfnLg nufgLdf Jofh cfDbfgL - - -
%= nfefz+ cfDbfgL - - -
^= cGo - - -
u_ ljQLo sf/f]af/af6 gub k|jfx 97,500 - -
!= bL3{sfnLg C0f -a08, l8a]~r/ cflb_ df a[l4÷- - - -
sdL_
@= z]o/ kF"hLdf a[l4÷-sdL_ 97,500
#= cGo bfloTjdf a[l4÷-sdL_ - - -
$= nfef+; e'QmfgL - - -
%= dh{/ kl5 z]o/ k'+hL tyf sf]ifdf ePsf] - - -
kl/jt{gsf] ;dfof]hg
^= g]kfn /fi6« a}+saf6 k|fKt ;x'lnot÷k'g/shf{df - - -
a[l4÷-sdL_
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 72,967.00 91,023.46 177,012.92
r_ gub tyf a}+sdf /x]sf] z'?sf] df}Hbft 217456.36 290,423.36 381,446.82
5_ gub tyf a}+sdf /x]sf] clGtd df}Hbft 290,423.36 381,446.82 558459.74

27
dfly pNn]lvt ljQLo ljj/0f tyf k|If]k0fsf] cg'dfg tyf cfwf/x? xfnsf] ljQLo ahf/sf] l:ylt, lgisfzgstf{
n3'ljQ ljQLo ;+:yfsf] xfnsf] bIftf / lgisfzgstf{ n3'ljQ ljQLo ;+:yfn] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf]
cfwf/df k'g/fjnf]sg u/L ljj/0f 7Ls 5 egL lh=P;=Pg P;f]l;P6\;sf rf6{8{ PsfpG6]06 >L z+ªs/ uf}tdn] k|dfl0ft
u/]sf] xf] .

ljQLo k|If]k0fsf cfwf/ tyf tl/sf M

ljj/0f cf=a=)&*÷)&( cf=a=)&(÷)*) cf=a=)*)÷)*!
!= s'n lgIf]kdf cf}ift a[l4b/ -k|ltztdf_ 128.18 30 21.50
@= s'n shf{ tyf ;fk6df cf}ift a[l4b/ -k|ltztdf_ 56.90 30 21.5
#= s'n shf{ tyf lgIf]k±k"Flhsf]if cg'kft -k|ltztdf_ 492.21 313.59 239.61
$= s'n cfodf cf}ift a[l4b/ 45.57 32.71 38.38
%= s'n vr{df cf}ift a[l4b/ 60.76 27.47 23.39
^= ;+rfng vr{ tyf s'n cfDbfgL cg'kft 15.79 13.33 13.48
&= v'b d'gfkmfdf cf}ift a[l4b/ 66.41 63.87 87.30
*= lgIf]ksf] cf}ift Aofhb/ -k|ltztdf_ 4 4 4
(= shf{ tyf ;fk6sf] cf}ift Aofhb/-k|ltztdf_ 9.39 9.75 11.24
!)=cfos/ Aoj:yf -k|ltztdf_ 30 30 30
lgl:qmo shf{ ;fk6 -k|ltztdf_ 0.54 0.54 0.54
nufgLdf k|ltkmn 0 0 0
cGo ;+rfng vr{sf j[l4b/ 96 12.04 39.96
sd{rf/L vr{df a[l4b/ 50 32 15
% of Provision on Total Gross Loan 1.76 1.76 1.76
t/ntf (CRR) 0.6 0.6 0.6
a}wflgs t/ntf (SLR) 2.5 2.5 2.5
kF"hLsf]if kof{Kttf (CAR) 12.96 11.75 12.15

dfly pNn]lvt ljQLo k|If]k0fsf cfwf/sf] cf}lrTo k'i6L x'g] ljj/0fx? M

!= shf{ tyf ;fk6 M
;+:yfsf] cf=a=@)&*÷)&( sf] kf}if d;fGt ;Dddf c;n shf{df sl/a @(=$) k|ltztsf] a[l4 ePsf] / ;+:yfsf]
Joj:yfkgn] ug]{ of]hgf cg';f/ cf=a=@)&*÷)&(, @)&(÷)*) / @)*)÷)*! df qmdzM %^=(), #) / @!=%
k|ltztn] s'n shf{ a[l4 x'g] k|If]k0f ul/Psf] 5 . xfn w]/} gofF n3'ljQ ljQLo ;+:yfx?sf] ahf/df k|j]z ePsf] / ;f]
sf/0fn] ubf{ n3'ljQ Joj;fodf cToflws k|lt:kwf{ x'g] ePsf]n] cfufdL jif{x?df shf{ tyf ;fk6 k|jfx ug{ xfnsf]
kl/k]If eGbf sl7gfO{ x'g] b]lvPsf]n] cf=a=@)&(÷*) / cf=a=@)*)÷)*! df shf{ tyf ;fk6sf] a[l4b/
cf=a=@)&*÷)&( sf] t'ngfdf sd x'g uPsf] xf] .
shf{ tyf ;fk6df k|fKt x'g] cf};t Jofhb/ cf=a=@)&*÷)&(, @)&(÷*) / @)*)÷)*! sf] nflu qmdzM (=#(,
(=&% / !!=@$ k|ltzt x'g] cg'dfg ul/Psf] 5 .
shf{ tyf ;fk6sf] lgIf]k / k|fylds k+'hLsf] cg'kft (CD Ratio) g]kfn /fi6« a}+sn] tf]s]sf] cg'kft cg'?k /xg] u/L
shf{ tyf ;fk6 k|If]k0f ul/Psf] 5 .
shf{ gf]S;fgL Joj:yf cf=a=@)&*÷)&(, @)&(÷)*) / @)*)÷)*! sf] nflu s'n shf{ tyf ;fk6sf] qmdzM
!=&^, !=&^ / !=&^ k|ltzt sfod /xg] cg'dfg ul/Psf] 5 .
@= lgIf]kM
;+:yfsf] cf=a=@)&&÷)&* sf] cfiff9 d;fGtaf6 cf=a=@)&*÷)&( sf] kf}if ;Dddf hDdf lgIf]kdf nueu ^$=%^
k|ltztsf] a[l4 ePsf] tyf ;+:yfsf] Joj:yfkgn]] ug]{ of]hgf cg';f/ cf=a=@)&*÷)&(, @)&(÷)*) /
@)*)÷)*! df qmdzM !@*=!*, #) / @!=% k|ltztn] s'n lgIf]k a[l4 x'g] k|If]k0f ul/Psf] 5 .
lgIf]k bfloTjdf ltg'{kg]{ cf};t Jofhb/ cf=a=@)&*÷)&(, @)&(÷)*) / @)*)÷)*! sf] nflu qmdzM $, $ /
$ k|ltzt sfod /xg] cg'dfg ul/Psf] 5 .
#= t/ntfM
g]kfn /fi6« a}+sn] Joj:yf u/]sf] clgjfo{ df}Hbft (Cash Reserve Requirement) cf=a=@)&*÷)&(, @)&(÷)*) /
@)*)÷)*! sf] nflu qmdzM )=^, )=^ / )=^ k|ltzt sfod x'g] u/L nufgL k|If]k0f ul/Psf] 5 .
$= ;+rfng gfkmfsf] !) k|ltzt /sd sd{rf/L af]g; Joj:yfsf] nflu 5'§ofPsf] 5 .
%= cfpFbf] jif{x?sf] nflu ljQLo ;+:yfn] cfh{g ug]{ gfkmfdf #) k|ltztsf] b/n] cfos/sf] nflu Joj:yf ul/Psf] 5 .
28
 ^= ut jif{x?sf] jf:tljs cfFs8f tyf cfpFbf] jif{sf] ;+rfng of]hgfsf] cfwf/df ljQLo ;+:yfsf] Joj:yfkgåf/f ljQLo
ljj/0f k|If]k0f ul/Psf] xf] .
&= k"h
F L kof{Kttf (Capital Adequacy) sf] dfqf g]kfn /fi6« a}+sn] tf]s]sf] cg'kft cg'?k /xg] u/L k|If]k0f ul/Psf] 5 .
h; cg'?k k"FhL sf]ifsf] cg'kft cf=a=@)&*÷)&(, @)&(÷)*) / @)*)÷)*! sf] nflu qmdzM !@=(^, !!=&% /
!@=!% k|ltzt / k|fylds k"FhLsf] cg'kft cf=a=@)&*÷)&(, @)&(÷)*) / @)*)÷)*! sf] nflu qmdzM !!=&!,
!)=%) / !)=() k|ltzt x'g] u/L k|If]k0f ul/Psf] 5 .

-v_ ljQLo cg'kft ;DaGwL ljj/0f M

-c_ ;~rfng cjwL tLg jif{ JotLt e};s]sf] cj:yfdf ljut tLg jif{sf] / tLg jif{ JotLt e}g;s]sf] cj:yfdf ;~rfng
cjlwsf] tyf cfufdL # jif{sf] k|If]lkt k|lt z]o/ cfDbfgL (EPS) tyf k|lt z]o/ g]6jy{ M
jf:tljs -?=xhf/df_ k|If]lkt -?=xhf/df_
ljj/0f cf=a= cf=a= cf=a= cf=a= cf=a=
)&^÷)&& )&&÷)&* )&*÷)&( )&(÷)*) )*)÷)*!
r'Qmf k"FhL 152,500 152,500 250,000 250,000 250,000
hu]8f tyf sf]ifx? (9,528.52) 8,167.59 37,616.45 85,875.85 176,265.73
s'n 142,971.58 160,667.59 287,616.45 335,875.85 426,265.73
36fpg]Mckn]vg ug{ afFsL — — — — —
vr{
s'n g]6jy{ 142,971.58 160,667.59 287,616.45 335,875.85 426,265.73
z]o/ ;+Vof -xhf/df_ 1,525 1,525 2500 2500 2500
k|lt z]o/ g]6jy{ -?=_ 93.75 105.36 115.05 134.35 170.51
k|lt z]o/ r'Qmf k"FhL 100 100 100 100 100
g]6jy{df k|ltkmn 0.94 1.054 1.15 1.34 1.71
k|lt z]o/ cfDbfgL -?=_ (5.64) 11.60 11.78 19.30 36.16
lgisfzg k"j{sf] k|lt z]o/ cfDbfgL (EPS) sfod /fVg
!!=@#
cfjZos Go"gtd k|ltkmn

-cf_ ljut @ jif{sf] g]6jy{df ePsf] cf};t k|ltkmn M !@=#* %

gf]6 M o; ljQLo ;+:yfn] ldlt @)&^÷*÷! ut]b]lv dfq cfkm\gf] ljQLo sf/f]af/ ;+rfng u/]sf]n] g]6jy{df ePsf]
cf};t k|ltkmn u0fgf ubf{ @ cfly{s jif{sf] dfq u0fgf ul/Psf] .

u=!)=lwtf]kq lgisfzg ;DaGwL ljj/0f M

-s_ lwtf]kq hf/L ug'{sf] p2]Zo M
!_ a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)&# cg'?k ljQLo ;+:yfsf] hf/L k"FhLsf] slDtdf #)% z]o/ ;j{;fwf/0fdf laqmL
ug'{ kg]{ Joj:yf ePsf]n] ;f]xL adf]lhd ljQLo ;+:yfsf] k|aGwkqdf hf/L kF"hLsf] #(% z]o/ ;j{;fwf/0fdf laqmL ug'{
kg]{ Aoj:yf eP cg'?k hf/L k"+hLsf] #(% cyf{t ?=(,&%,)),)))÷—/sd a/fa/sf] k|lt z]o/ ?=!))÷—b/sf]
(,&%,))) lsQf ;fwf/0f z]o/x? ;j{;fwf/0f g]kfn gful/sx? -;fd'lxs nufgL sf]if tyf sd{rf/Lx? ;d]t_ nfO{
laqmL ljt/0f u/L ljQLo ;+:yfsf] ;~rfngdf ;j{;fwf/0fx?nfO{ ;d]t ;+nUg u/fpg .
@_ ljQLo ;+:yfsf] k|aGwkq tyf lgodfjnLdf pNn]v ePsf p2]Zox? cg'?k ug'{kg]{ sfo{x?sf] nflu cfjZos k"FhL
;+sng ug{ .
#_ ljQLo ;+:yfn] cfkm\gf] ;]jf lj:tf/ ug]{ qmddf nufgL a9fpg tyf ljQLo Pj+ cfly{s ultljlwx?nfO{ lj:tf/ ug{
cfjZos kg]{ kF"hLsf] Joj:yf ug{ .
-v_ lwtf]kq lgisfzg u/L 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
;fwf/0f z]o/ lgisfzg u/L k|fKt x'g] k"FhL a}+s tyf ljQLo ;+:yf ;DaGwL P]g, @)&#, ljQLo ;+:yfsf] k|aGwkq tyf
lgodfjnL / cGo k|rlnt sfg"g adf]lhd æ3Æ ju{sf] ljQLo ;+:yfn] ug{ kfpg] sfo{sf] clwgdf /xL ljQLo ;+:yfsf]
Joj;flos k|of]hgdf pkof]u ul/g]5 . ;fwf/0f z]o/ lgisfzg u/L k|fKt x'g] kF"hL ljQLo ;+:yfsf] lgoldt n3'ljQ
sf/f]af/ Pj+ cfly{s sf/f]jf/x? lj:tf/ Pj+ a[l4 ug{ pkof]u ul/g]5, h'g b]xfo cg';f/ pNn]v ul/Psf] 5 .

29
 qm=;+= shf{ k|jfx ul/g] I]fqx? sl/a /sd -?=_
! kz'kfng tyf s[lif shf{ ?=$,%),)),)))÷—
@ v'b|f Jofkf/ / ;]jf shf{ ?=$,%),)),)))÷—
# ef}lts k"jf{wf/ tyf zfvf la:tf/ ?=&%,)),)))÷—
hDdf ?=(,&%,)),)))÷—
-cf_ ;fj{hlgs lgisfzg ul/g] lwtf]kq k"0f{ ?kdf laqmL gePdf ;fj{hlgs lgisfzgsf] nflu p2]Zo k|flKt ug{sf] nflu
ckfgfOg] a}slNks JoJ:yf M
n3'ljQ ljQLo ;+:yfx?sf] z]o/ lgisfzg ubf{ lgisflzt z]o/ eGbf clws dfqfdf cfj]bg k|fKt x'g] u/]sf] b]lvPsf]n]
o; ljQLo ;+:yfsf] lgisflzt z]o/x? klg k"0f{ ?kdf laqmL x'g] wf/0ff ljQLo ;+:yfsf] /x]sf] 5 . sy+sbflrt
lgisfzg ul/g] ;fwf/0f z]o/x? k"0f{ ?kdf laqmL gePdf d]uf Soflk6n dfs]{6\; ln=,sf7df08f}+n] lgisfzg /sdsf]
;Dk'0f{ z]o/ vl/b ug]{ k|Tofe"lt ;Demf}tf ul/Psf] 5 .
-O_ cfof]hgfsf] ;+rfng :yfg, cfof]hgf r/0fa4 ?kdf 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 pNn]v ug'{ kg]{ M ;f] gePsf] .
-O{_ cfof]hgf ;DkGg x'g], kl/If0f pTkfbg z'? x'g] / k"0f{ Joj;flos pTkfbg z'? x'g] cg'dflgt ldlt pNn]v ug'{ kg]{ M
;f] gePsf] .
-p_ ;+ul7t ;+:yfn] s'g} pks/0f vl/b u/]sf] jf ug{ nfu]sf] eP pQm pks/0fsf] d"No jf k|:tfljt d"No, ;Knfo;{sf] gfd
/ ;Knfo;{;Fu ;Demf}tf ePsf] eP ;f] sf] d"Vo d"Vo a"Fbfx? M ;f] gePsf] .
-pm_ s'g} kf6L{;Fu k|ltlnkL 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] .
-P_ pTkfbg ;DaGwL cfof]hgf eP, ;f] sf] k|s[lt, k|of]ustf{, k|lt:kwf{, nlIft ;d"x, pTkfbg Ifdtf, ljut aif{x?sf] Ifdtf
pkef]u jf eljiodf ul/g] Ifdtf pkef]u ;DaGwL ljj/0f M ;f] gePsf].
-P]_ cfof]hgfsf] nflu cfjZos sRrf kbfy{sf] pknAwtf / To;sf] >f]t M ;f] gePsf] .
-cf]_ cfof]hgfsf] nflu cfjZos x'g] ljB't, kfgL, Uof;sf] dfqf / To;sf] >f]t M ;f] gePsf] .
-cf}_ ;fj{hlgs lgisfzgsf] nflu ul/g] vr{ k|d'v ?kdf b]xfodf pNn]lvt kIfx?nfO{ lbg] z'Nsx? 5'§f5'§} ?kdf k|:t't ug'{
kg]{ M
-!_ lgisfzg tyf laqmL k|aGws M
o; ljj/0fkq dfkm{t ;fj{hlgs ?kn] ;j{;fwf/0fnfO{ laqmL ul/g] ;fwf/0f z]o/sf] lgisfzg tyf laqmL k|aGwssf]
?kdf sfo{ ug{ d'lQmgfy Soflk6n lnld6]8, gf/fo0frf}/, gS;fn, sf7df08f}+nfO{ ;]jf z'Ns afkt ?=!,)),)))÷— -
cIf?kL Ps nfv ?k}+of dfq_ e'QmfgL lbOg]5 .
-@_ 6«i6L -l8j]Gr/ lgisfzgsf] xsdf_ M ;f] gePsf] .
-#_ k|Tofe"ltstf{ M
k|Tofe"ltstf{ d]uf Soflk6n dfs]{6\; ln=, sf7df08f}+nfO{ k|Tofe'lt ;]jf k|bfg u/] afkt ?= !,)),)))÷— -cIf?kL Ps
nfv ?k}+of dfq_ e'QmfgL lbO{g]5 .
-$_ lj1x? M ljQLo k|If]k0fsf cg'dfg tyf cfwf/x? k'g/fjnf]sg u/L k|dfl0ft ug]{ lj1nfO{ ?= #%,)))÷— -cIf?kL k}lt;
xhf/ ?k}+of dfq_ e'QmfgL ul/Psf] 5 .
-%_ n]vfkl/Ifs M
ljQLo ;+:yfsf] k|If]lkt ljQLo ljj/0fx?sf] k'g/fjnf]sg u/L k|dfl0ft ug{ lh=P;=Pg P;f]l;P6\;sf rf6{8{
PsfpG6]06 >L z+ªs/ uf}tdnfO{ k|dfl0ft z'Ns afkt ?= #%,)))÷— k|bfg u/]sf] 5 .
-^_ cGo -h:t} ;+sng s]Gb|, lgisfzg a}+s cflb_ M
g]kfn lwtf]kq af]8{af6 @)&$÷!!÷!! ut]b]lv l;—cf:jf k|0ffnL sfof{Gjog eO{;s]sf] ;Gbe{df g]kfn lwtf]kq
af8{af6 :jLs[t k|fKt l;—cf:jf ;b:o a}+s tyf ljQLo ;+:yf / ltgsf tf]lsPsf zfvf sfof{nox? o;
lgisfzgsf] nflu ;+sng s]Gb|sf] ?kdf /xg]5g\ . l;—cf:jf ;b:o a}+s tyf ljQLo ;+:yfx?nfO{ s'g} z'Ns
e'QmfgL ug'{ gkg]{ / lghx?n] g]kfn lwtf]kq af]8{n] tf]s] adf]lhdsf] z'Ns lgisfzg tyf laqmL k|aGwsnfO{ e'QmfgL
ug]{5g\ . l;—cf:jf k|0ffnL sfof{Gjog ePsf] ;Gbe{df lgisfzg a}+ssf] cfjZostf gx'g] ePtf klg cfjZostf
cg';f/ lgisfzg a}+s vf]Ng ;lsg]5 / ;f] sf] hfgsf/L g]kfn lwtf]kq af]8{nfO{ clu|d ?kdf u/fOg]5.
-u_ ;fj{hlgs lgisfzgaf6 k|fKt x'g] /sdnfO{ kl/of]hgfdf k|of]u ug'{ k"j{ cGo s'g} Joj:yf ug{ nfluPsf] 5 eg] tt\
;DalGw ljj/0f M ;f] gePsf] .
-3_ lk|ldoddf lwtf]kq hf/L ug]{ ePdf M ;f] gePsf] .
-ª_ lwtf]kq afF8kmfF8, lkmtf{ e'QmfgL tyf ;"lrs/0f ;DaGwL Aoa:yf M
-!_ cToflws dfu jf Go"g dfu ePsf] cj:yfdf afF8kmfF8sf] k|s[of M

30
 o; ljj/0fkq dfkm{t hf/L ul/Psf] ;fwf/0f z]o/ ;+Vof eGbf a9L ;+Vofdf ;fwf/0f z]o/ vl/bsf] nfuL b/vf:t
k|fKt x'g cfPdf ælwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$Æ df ePsf] Aoj:yf cg';f/ ;fwf/0f z]o/x?
afF8kmFf8 ul/g]5 . olb lgisfzg ul/Psf] z]o/sf] ;+Vof eGbf sd ;+Vofdf ;fwf/0f z]o/ vl/bsf nflu b/vf:t
k|fKt x'g cfPdf dfu adf]lhd z]o/ afF8kmfF8 u/L afFsL /x]sf] z]o/ k|Tofe'ltstf{n] k|Tofe'lt ;DaGwL ;Demf}tfdf
ePsf] Joj:yf cg';f/ vl/b ug]{5 .
-@_ cToflws dfu ePsf] jf afF8kmfF8 gePsf] cj:yfdf lkmtf{ e'QmfgL ;DaGwL Joa:yf M
z]o/ ljqmL aGb eP kZrft g]kfn lwtf]kq af]8{n] tf]s]sf] ;dofjlw leq z]o/ afF8kmfF8 u/L k"0f{ jf cf+lzs ?kdf
:jLs[t÷c:jLs[t ePsf] Joxf]/f pNn]v u/L ælwtf]kq vl/b -;fj{hlgs lgisfzg_ ;DaGwL lgb]{lzsf,@)&#Æ sf]
cg';"rL & adf]lhdsf] ljj/0f ;DalGwt cf:jf (C-ASBA) ;b:o a}+s tyf ljQLo ;+:yfnfO{ pknAw u/fOg]5 /
;f]xL ljj/0f cg'?k l;–cf:jf ;b:o a}+s tyf ljQLo ;+:yfx?n] afF8kmfF6df gk/]sf] z]o/ afktsf] /sd ;DalGwt
cfj]bssf] /f]Ssf /x]sf] a}+s vftf km's'jf u/L lkmtf{ ul/lbg]5 .
-#_ lgj]bg ;fy k|fKt /sdsf] lkmtf{ e'QmfgLdf l9nfO{ ePdf lbOg] Aofhb/ M
ælwtf]kq vl/b -;fj{hlgs lgisfzg_ ;DaGwL lgb]{lzsf, @)&#Æ k"0f{ ?kdf nfu' eO{;s]sf] ;Gbe{df of] Joj:yf
nfu' gx'g] .
-$_ lwtf]kq afF8kmfF8 tyf k|df0fkq hf/L ;DaGwL k|s[of / ;dofjwL M
o; ljj/0fkq dfkm{t ;fj{hlgs lgisfzg ul/g] ;fwf/0f z]o/ ælwtf]kq lgisfzg tyf afF8kmfF8 lgb]{lzsf,
@)&$Æ adf]lhd ;fwf/0f z]o/sf] afF8kmfF8 u/] kZrft g]kfn :6s PS;r]Gh ln= df ;"lrs/0f tyf l;l8P; P08
lSnol/Ë ln= df btf{ eP kZrft cfj]bg kmf/ddf pknAw u/fPsf] lxtu|fxL vftfdf afF8kmfF8df k/]sf z]o/
hDdf÷ljt/0f ug]{ Joj:yf ldnfOg] 5 .
-%_ lwtf]kq ;"lrs/0f e};s]sf] eP, To:tf] lwtf]kq ;"rLs/0f ul/Psf] lwtf]kq ahf/sf] gfd / lwtf]kq sf/f]jf/ z'?
x'gsf] nflu ;+ul7t ;+:yfn] k"/f ug'{ kg]{ zt{x? ;DaGwL ljj/0f M xfn ;Dd ;"lrs/0f e} g;s]sf] .
-^_ lwtf]kq ;"lrs/0f e}Og;s]sf] eP, ;+ul7t ;+:yfn] lgisfzg tyf laqmL ul/g] lwtf]kqx? k|rlnt P]g, lgod
cg';f/ ;xh v/Lb laqmL jf lalgdo x'g ;Sg] u/fpgsf] nflu ul/g] Joj:yf ;DaGwL ljj/0f M
lgisfzg ul/g] ;fwf/0f z]o/ xfn ;Dd ;"lrs/0f e}g;s]sf]n] ;fj{hlgs lgisfzg ul/g] ;fwf/0f z]o/ ælwtf]kq
lgisfzg tyf afF8kmfF8 lgb]{lzsf, @)&$Æ adf]lhd afF8kmfF8 u/] kZrft g]kfn :6s PS;r]Gh ln= tyf l;l8P;
P08 lSnol/Ë ln=df ;"lrs/0f / btf{ u/fO{ z]o/ vl/b laqmL tyf /fkm;fkmsf] nflu cfjZos Joj:yf ldnfOg] 5
.
-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]kqsf] ztk|ltzt cfy{t (,&%,))) lsQf ;fwf/0f z]o/sf] nflu
?= (,&%,)),)))÷—/sd a/fa/sf] >L d]uf Soflk6n dfs]{6\; ln=, sf7df08f}+åf/f k|Tofe'lt ;]jf k|bfg ul/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 ul/Psf] ;Demf}tfsf] d'Vo d'Vo a'Fbfx?
b]xfo adf]lhd /x]sf] 5 M
!= k|Tofe'ltstf{n] (,&%,))) lsQf ;fwf/0f z]o/x?sf] nflu k|Tofe'lt ;]jf k|bfg u/]sf] 5 .
@= k|Tofe'ltstf{nfO{ k|Tofe'lt ;]jf k|bfg u/] afkt ljQLo ;+:yfn] ?= !,)),)))÷— e'QmfgL 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
l;ldt 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'lt lsQf
z]o/x?df l;ldt x'g] u/L k|Tofe'ltstf{n] vl/b ug]{ ;xdlt hgfPsf] 5 .
%= k|Tofe'lt ;Demf}tfkqsf] cjlw k|Tofe'ltstf{sf] bfloTj ;dfKt geP ;Dd x'g]5 .
^= o; ljj/0fkq cg';f/ hf/L ul/g] ;fwf/0f z]o/x? k"0f{ ?kdf laqmL ePsf] v08df ;Demf}tfkq :jtM vf/]h x'g]5.
&= k|Tofe'lt ;DalGw cGo Joj:yfx? k|rlnt sfg"g tyf k|Tofe'lt ;DaGwL ;Demf}tfdf pNn]v eP adf]lhd x'g]5 .
-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
lwtf]kqjfnfx?sf] clwsf/ tyf k|ltaGwfTds Joj:yfx? h:t} dtflwsf/, lwtf]kqjfnfsf] clwsf/df kl/jt{g ug]{
k|s[of tyf lwtf]kq vf/]hL cflb ;DalGwt Joj:yf k|rlnt sfg"g adf]lhd x'g]5 . ;fy} nfefz+, xsk|b z] o/ cflb
;DaGwL ljj/0f ljQLo ;+:yfn] lgoldt ?kdf cfh{g ug]{ d'gfkmf tyf ljQLo ;+:yfsf] kF"hL of]hgf cg';f/ k|rlnt
sfg"g adf]lhd ul/g]5 .

31
-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; ljQLo ;+:yfsf] k|aGwkq tyf lgodfjnL sfof{no ;do leq ljQLo ;+:yfsf] /lhi68{ sfof{no, kgf}tL
gu/kflnsf j8f g+– )$, sfe|]knfGrf]s, jf lwtf]kq lgisfzg tyf laqmL k|aGws d'lQmgfy Soflk6n lnld6]8sf]
sfof{no, gf/fo0frf}/, gS;fn, sf7df08f}+df ;Dks{ /flv x]g{ jf k|fKt ug{ ;lsg]5 .
@= o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/ vl/bsf nflu b/vf:t lbFbf b/vf:tjfnfn] b/vf:t;fy
cfkm'n] vl/b ug{ rfx]sf] ;fwf/0f z]o/ ;+Vofsf] k|lt ;fwf/0f z]o/ ?=!))÷—sf b/n] x'g cfpg] Psd'i7 /sd
ælwtf]kq vl/b -;fj{hlgs lgisfzg_ ;DaGwL lgb]{lzsf, @)&#Æ n] u/]sf] Joj:yf adf]lhd g]kfn lwtf]kq af]8{af6
:jLs[tL k|fKt cf:jf (ASBA) ;b:o a}+s tyf ljQLo ;+:yfdf /x]sf] cfkm\gf] vftfdf /f]Ssf /fvL l;–cf:jf k|0ffnL
dfkm{t cfj]bg ug{ ;lsg]5 .
#= o; ljj/0fkq dfkm{t lgisfzg ul/g] ;fwf/0f z]o/sf] nflu b/vf:t lbFbf b/vf:tjfnfn] sDtLdf !) -bz_ lsQf
;fwf/0f z]o/sf] nflu b/vf:t lbg' kg]{5 . olb s'g} b/vf:tjfnfn] !) -bz_ lsQf eGbf a9L z]o/sf] nflu
b/vf:t lbg rfx]df !) -bz_ c+ssf] u'0ffÍdf clwstd #,))) -tLg xhf/_ lsQf ;fwf/0f z]o/ vl/b ug{sf
nflu b/vf:t lbg ;Sg]5 .
-u_ cfj]bg lb+bf kfngf ug'{kg]{ zt{ aGb]hx? h:t} Ps eGbf a9L b/vf:t lbg gkfOg], nufgLstf{sf] klxrfgsf] nflu
gful/stf÷hGdbtf{sf] k|dfl0ft k|df0fkqsf] k|ltlnlk k]z ug'{kg]{ jf lwtf]k q bnfn Joj;foLn] lbPsf] u|fxssf]
kl/ro gDa/ / ;DalGwt Joj;foLsf] gfd v'nfpg'kg]{ / a}+s vftf dfkm{t sf/f]af/ ul/g'kg]{ h:tf kIfx? M
!= s'g} klg g]kfnL gful/sn] o; ljj/0fkq dfkm{t hf/L ul/g] ;fwf/0f z]o/ vl/bsf nflu b/vf:t lbg ;Sg]5g .
@= cfj]bsn] l;—cf:jf k|0ffnLaf6 cfkm\gf] vftf /x]sf] a}+s tyf ljQLo ;+:yf dfkm{t dfq cfj]bg lbg' kg]{5 .
#= cfj]bsn] cfa]bg lbg' k"j{ cfkm\gf] vftf /x]sf] ;DalGwt a}+s tyf ljQLo ;+:yfdf uO{ ælwtf]kqsf] ;fj{hlgs
lgisfzgsf] s]lGb|s[t ljB'lto ;]jf sfo{ ;~rfng lgb]{lzsf, @)&$Æ sf] cg';"rL $ adf]lhdsf] l;—cf:jf
/lhi6«]zg kmf/d e/L CRN g+= lng' kg]{5 .
$= cfj]bssf] a}+s vftfdf ePsf] ljj/0f / cg';"rL $ df pNn]v u/]sf] ljj/0f ldNg'kg]{5 .
%= cfj]bsn] CRN g+= k|fKt u/]kZrft z]o/ vl/bsf nflu tf]lsPsf] 9fFrfdf ;DalGwt a}+s tyf ljQLo ;+:yfdf
lwtf]kq vl/bsf nflu cfj]bg lbg' kg]{5 .
^= cfj]bsn] cfj]bgdf pNn]v u/]sf] lxtu|fxL kl/ro g+= / cGo ljj/0f l;—cf:jf ;km\6j]o/df /x]sf] cfj]bssf]
lxtu|fxL vftf / cGo ljj/0f;Fu ?h' x'g' kg]{5 .
&= cfj]bsn] cfj]bg kmf/d a'emfpFbf b]xfosf s'/fx?df ljz]if Wofg lbO{ :ki6 ;Fu cfj]bg kmf/d e/L a'emfpg' kg]{5M
s= lwtf]kq lgisfzgstf{ sDkgLsf] gfd .
v= cfj]bssf] gfd, y/, 7]ufgf, gful/stf g+=, b:tvt, ;Dks{ kmf]g g+=, Od]n .
u= gfjfns / ljlIfKt JolQmsf] xsdf ;+/Ifssf] gfd, y/ / gftf .
3= vl/b ug{ rfx]sf] lwtf]kqsf] ;+Vof -c+s / cIf/df_ .
ª= vl/b ug{ rfx]sf] lwtf]kq afktsf] /sd -c+s / cIf/df_ .
r= cfj]bssf] vftf /x]sf] a}+s÷ljQLo ;+:yfsf] gfd, 7]ufgf, vftf g+= / vftfsf] lsl;d .
5= cfj]bssf] lxtu|fxL -l8Dof6_ vftf gDa/ .
*= cfa]bsn] cfj]bg lbFbf l;—cf:jf ;b:o a}+s÷ljQLo ;+:yfx?df /x]sf] cfj]bg afktsf] /sd /f]Ssf /flvg] vftf
cGo s'g} k|sf/n] /f]Ssf /x]sf] jf lgis[o (Dormant) /x]sf] x'gx'Fb}g .
(= cfj]bg lbPsf] /sd a/fa/sf] /sd vftfdf x'g' kg]{5 .
!)= Ps JolQmn] cfkm"n] vl/b ug{ rfx]sf] ;fwf/0f z]o/sf] nflu Ps eGbf a9L b/vf:t lbg] kfOg] 5}g . olb Ps
JolQmsf] gfddf Ps eGbf a9L cfj]bg k|fKt x'g cfPdf ;Dk"0f{ b/vf:tnfO{ /2 ul/g]5 .
!!= lwtf]kq vl/bsf nflu b/vf:t lbFbfsf] cj:yfdf jf b/vf:t lbO{;s]kl5 vl/b u/]sf] lwtf]kq afktsf] /sd
e'QmfgL gx'Fb} k|rlnt sfg"g adf]lhd clwsf/ k|fKt clwsf/L jf lgosfoaf6 nufgLstf{sf] vftf /f]Ssf /fVg]
cfb]z k|fKt ePdf lgisfzg tyf laqmL k|aGwsn] To:tf] b/vf:t kmf/dnfO{ cfb]z adf]lhd ul/g]5 .
!@= lwtf]kq afF8kmf6 ug'{k"j{ clVtof/ k|fKt lgsfoaf6 s'g} nufgLstf{sf] vftf /f]Ssf /fVg cfb]z jf lgb]{zg k|fKt
ePdf ;DalGwt a}+s jf ljQLo ;+:yfn] To:tf] cfb]z jf lgb]{zg cg';f/ ;DalGwt nufgLstf{sf] vftf /f]Ssf u/L
To;sf] hfgsf/L t'?Gt lgisfzg tyf laqmL k|aGwsnfO{ lbg'kg]{5 .
!#= l;l8P; P08 lSnol/Ë lnld6]8af6 pknAw u/fOPsf] æd]/f] z]o/Æ ;km\6j]o/af6 klg cfa]bsn] cfj]bg ug{
;Sg]5g\ . To;sf nflu cfj]bsn] cfkm\gf] lxtu|fxL vftfdf a}+s vftfsf] ljj/0f pNn]v ul/;s]sf] x'g'kg]{5 /
;DalGwt a}+s tyf ljQLo ;+:yfaf6 CRN g+= lnO{;s]sf] x'g'kg]{5 .
!$= z]o/ afF8kmfF8 u/L ;"lrs/0f eP kZrft afF8kmfF8df k/]sf cfa]bsx?nfO{ afF8kmfF6df k/]sf] z]o/ gLhx?sf]
lxtu|fxL vftfdf hDdf ug]{ Aoa:yf ul/g]5 .

32
u=!!= ;DalGwt kIf aLrsf] sf/f]af/ ;DaGwL ljj/0f M
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]jf/ 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/ ;b:o M sf/f]jf/ 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 ;f] gePsf] .
-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 gePsf] .
-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]jf/ gePsf] .
u=!@= ljb]zL nufgL / Aoa:yfkg ;DaGwL ljj/0f M ;f] gePsf] .
u=!#= ;"rLs[t ;+ul7t ;+:yfn] ;fj{hlgs lgisfzg ug]{ ePdf ;f] sf] ljj/0f M
-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/ ;+Vof M o; ljQLo ;+:yf xfn ;Dd ;"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]kq ;+Vof M ;f] gePsf] .

u=!$= kl5Nnf] ;fj{hlgs lgisfzgsf] cg'dfg tyf pknAwL ;DaGwL ljj/0f M xfn ;Dd o; ljQLo ;+:yfn] ;fj{hlgs
lgisfzg gul/Psf] .
u= !%= k/fdz{bftf÷ ljz]if1 ;DaGwL ljj/0fM
-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
 n]vfkl/Ifs M
o; ljQLo ;+:yfsf] cf=a=)&&÷)&* sf] n]vfkl/If0f s]=h]= P08 P;f]l;P6\;, rf6{8 PsfpG6]G6; >L hulw;
v8\sfn] ug'{ ePsf] xf] . ;fy} ljQLo ;+:yfsf] ldlt @)&*÷&÷!# ut] ;DkGg bf]>f] jflif{s ;fwf/0f ;efaf6
cf=a=@)&*÷)&( sf] n]vfkl/If0f ug{sf nflu s]=h]= P08 P;f]l;P6\;, rf6{8 PsfpG6]G6; >L hulw;
v8\sfHo"nfO{ lgo'Qm ul/Psf] 5 .
 lgisfzg a}+s (Banker to the Issue) M
ælwtf]kq vl/b -;fj{hlgs lgisfzg_ ;DaGwL lgb]{lzsf, @)&#Æ k"0f{ ?kdf nfu' eO{;s]sf] ;Gbe{df of] Joj:yf
nfu' gx'g] .
 ljQLo k|If]k0fsf] ljj/0f tof/ kfg]{ la1 M
o; ljj/0fkqdf pNn]v ul/Psf] ljQLo k|If]k0fsf] ljj/0f tof/ kfg]{ la1df ljQLo ;+:yf cfkm} /x]sf] 5 .
 ljQLo k|If]k0fsf] cg'dfg tyf cfwf/x? k'g/fjnf]sg u/L ljj/0f l7s 5 egL k|dfl0ft ug]{ la1 M
o; ljj/0fkqdf pNn]v ul/P adf]lhd tof/ ul/Psf] ljQLo ljj/0f tyf k|If]k0fsf] cg'dfg tyf cfwf/x?
k'g/fjnf]sg u/L ;f] cfwf/df tof/ ul/Psf ljQLo k|If] k0fsf ljj/0f oyfy{k/s /x]sf] egL k|dfl0ft ug]{
laz]if1df lh=P;=Pg P;f]l;P6\;sf rf6{8{ PsfpG6]06 >L z+ªs/ uf}td /x]sf] 5 .

-v_ dfly v08 -s_ df pNn]lvt ;+:yf jf AolQm;Fu ePsf] ;xdltsf d'Vo d'Vo a'Fbf tyf zt{x? M ;f] gePsf] .
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/0fM ;f] gePsf] .

33
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 Aoj:yfkgsf] wf/0ffM
;f] gePsf] .
-v _ ;+ul7t ;+:yfnfO{ c;/ kg]{ u/L ;+:yfsf] ;+:yfks÷;+rfnsn] jf nfO{ bfo/ ul/Psf] d'2f ;DaGwL ljj/0f M
;f] gePsf] .
-u_ ljut kfFr aif{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] ;+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 ;DaGwL nufgLstf{x?sf] u'gf;f] tyf ;'emfj ;'Gg tyf ;f] sf] ;dfwfgsf nflu lwtf]kq lgisfzg
tyf laqmL k|aGws d'lQmgfy Soflk6n lnld6]8, gf/fo0frf}/, gS;fn, sf7df08f}+df Pp6f 5'§} sIfsf] Joj:yf ul/Psf] 5
. s'g} klg nufgLstf{n] o; lgisfzg ;Fu ;DalGwt ljifodf s'g} u'gf;f] jf ;'emfjsf nflu ;Dks{ clws[t >L kjg
/]UdLnfO{ gLhs} sfo{sIfdf jf gLhnfO{ sfof{no ;doleq $%$^!)* -Ext.No. !!(_ df ;Dks{ ug{ ;lsg]5 .

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
;DalGw ljj/0f, lgisfzg ul/Psf] lwtf]kq ;+Vof / b/ ;DalGw ljj/0f M ;f] gePsf] .

u=@)=C0fkq lgisfzg ;DaGwL ljj/0f M xfn;Dd ljQLo ;+:yfn] s'g} C0fkq hf/L ul/Psf] 5}g .

u=@!=cu|flwsf/ z]o/ lgisfzg ;DaGwL Joj:yf M xfn;Dd ljQLo ;+:yfn] cu|flwsf/ z]o/ hf/L ul/Psf] 5}g .

u= @@= cGo ;fdfGo hfgsf/L M

-s_ lgodg lgsfosf] ;'kl/j]If0faf6 s'g} s}lkmot cf}+NofOPsf] eP ;f]sf] kl5Nnf] cj:yf af/] M
g]kfn /fi6« a}+saf6 ldlt @)&*÷)%÷@! ut] b]lv @)&*÷)%÷@^ ut] ;Dd o; ljQLo ;+:yfsf] @)&* d;fGt
;Ddsf] ljQLo ljj/0fx?sf] cfwf/df ;dli6ut :ynut lg/LIf0f ePsf] 5 . pQm lg/LIf0fsf] k|ltjb]g ldlt
@)&*÷)^÷@% ut] g]kfn /fi6« a}+saf6 k|fKt ePsf] / To; k|ltjb]gdf pNn]lvt s}lkmotx? ;'wf/ u/L o;
;+:yfn] @)&*÷)&÷@% ut] lg/LIf0f k|To'Q/ k|ltjb]g k]z u/]sf] 5 . k'g ldlt @)&*÷!!÷@@ ut] g]kfn /fi6«
a}+saf6 :ynut lg/LIf0f k|To'Q/ pk/ yk lgb]{zg k|fKt ePsf] / ;f]xL lgb]{zgsf s}lkmotx?sf] hfgsf/L / ;'wf/
ul/Psf] a'bfFx? ;dfj]z u/L o; ljQLo ;+:yfn] ldlt @)&*.!@.)^ ut] g]kfn /fi6« a}+s df k]z u/]sf] 5 . o;
kZrft\ s'g} klg s}lkmotx?sf] hfgsf/L g]kfn /fi6« a}+saf6 k|fKt gePsf] .
-v_ ljz]if1sf] s'g} /fo ePdf ;f] sf] ljj/0f M
o; ljj/0fkqdf pNn]lvt ljQLo ljj/0f tyf k|If]k0fsf] cg'dfg tyf cfwf/x? xfnsf] ljQLo ahf/sf] l:ylt,
lgisfzgstf{ ljQLo ;+:yfsf] xfnsf] bIftf / lgisfzgstf{ ljQLo ;+:yfn] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf]
cfwf/df k'g/fjnf]sg u/L ljj/0f 7Ls 5 egL lh=P;=Pg P;f]l;P6\;sf rf6{8{ PsfpG6]06 >L z+ªs/ uf}tdn]
k|dfl0ft u/]sf] 5 .
-u_ ut tLg cfly{s jif{ leqdf s'g} ;+rfns, n]vfkl/Ifs kl/jt{g ePsf] eP, ;f] sf] sf/0f M
ut tLg cfly{s jif{ leqdf ;+rfnsdf ePsf] kl/jt{g / ;f]sf] sf/0fM
qm=;+= ;~rfnsx?sf] gfd cfly{s jif{ x6]sf]÷gofF kl/jt{gsf] sf/0f
lgo'lQm
! /lagf b]z/fh >]i7 @)&^÷&& x6]sf] d]uf a}+s g]kfn ln=åf/f k|ltlglwTj kl/jt{g .
-k|ltlglw, d]uf a}+s
g]kfn ln=_
@ g/]Gb| k|;fb 5Ts'nL @)&^÷&& x6]sf] s'df/L a}+s ln= =åf/f k|ltlglwTj kl/jt{g .
-k|ltlglw, s'df/L
a}+s ln=_
# k|la0f emf @)&^÷&& gofF lgo'lQm s'df/L a}+s ln åf/f k|ltlglwTj kl/jt{g .
-k|ltlglw, s'df/L
a}+s ln=_
34
 $ 3gZofd kf08] @)&&÷&* x6]sf] Joltmut sf/0fn] ubf{ .
% k'0o k|;fb vlgof @)&&÷&* x6]sf] d]uf a}+s g]kfn ln=af6 lgjf{rgdf ;xefuL gePsf]]
-k|ltlglw,d]uf a}+s x'gfn] .
g]kfn ln=_
^ uf]kfn l3ld/] @)&*÷&( x6]sf] Joltmut sf/0fn] ubf{ .
-:jtGq ;+rfns_
& s]zj yfkf @)&*÷&( gofF lgo'lQm :jtGq ;+rfns lgo'lQm ug'{kg]{ ePsf]n] .
-:jtGq ;+rfns_

ut tLg cfly{s aif{ leqdf n]vfk/LIfsdf ePsf] kl/jt{g / ;f]sf] sf/0fM

qm=;+= n]vfk/LIfssf] gfd cfly{s jif{ x6]sf]÷gofF kl/jt{gsf] sf/0f
lgo'lQm
! kf}8]n cf/\= P08 P;f]l;P6\;, @)&&÷&* x6]sf] ;do cefjsf] sf/0f pQm kmd{n] n]vfkl/If0f
rf6{8{ PsfpG6]G6\;, ug{ g;sg] ePsf]n] .
>L /fhg kf}8]n, l;=P=
@ s]=h]= P08 P;f]l;P6\;, @)&&÷&* gofF gofF n]vfkl/Ifs lgo'lQm ug'{kg]{ ePsf]n] .
rf6{8{ PsfpG6]G6\;, lgo' l Qm
>L hubLz v8\sf,
Pkm\=l;=P=
-3_ sDkgL ;lrjsf] gfd, 7]ufgf / of]Uotf M
lj/f6gu/ !! ,df]/ª :yfoL a;f]af; /xg' ePsf] :gftsf]Q/ ;Ddsf] z}lIfs of]Uotf xfl;n ug'{ ePsf >L /f]zg
s'df/ clwsf/LnfO{ o; ljQLo ;+:yfsf] sDkgL ;lrjsf] lhDd]jf/L lbOPsf] 5 .

-ª_ ;fj{hlgs lgisfzg ug{sf] nflu ;+rfns ;ldltaf6 ePsf] lg0f{o ;DaGwL ljj/0f M
ljQLo ;+:yfsf] ldlt @)&*÷!)÷!) ut] a;]sf] ;+rfns ;ldltsf] ^^ cf}+ a}7saf6 ;j{;fwf/0fx?nfO{ 5'§ofPsf]
?=( s/f]8 &% nfv /sd a/fa/sf] (,&%,))) lsQf ;fwf/0f z]o/ ;j{;fwf/0fx?df lgisfzg ug{sf nflu
d'lQmgfy Soflk6n lnld6]8, gf/fo0frf}/, gS;fn, sf7df08f}+nfO{ lgisfzg tyf laqmL k|aGws lgo'Qm ug]{ lg0f{o
ePsf] 5 . ;fy} ;f] ;DaGwL sfo{ ug{sf nflu ljQLo ;+:yfsf k|d'v sfo{sf/L clws[tnfO{ clVtof/L lbOPsf] 5 .

-r_ ;+ul7t ;+:yf jf o;sf z]o/wgLnfO{ s'g} ljz]if ;'ljwf lbOPsf] eP, ;f] ;DaGwL ljj/0f M ;f] gePsf] .

-5_ ;+ul7t ;+:yfsf] kl5Nnf] cfly{s aif{sf] n]vfkl/If0f ePsf] jf;nft, gfkmf gf]S;fg lx;fj / gub k|jfx ljj/0f
k|fKt ug{ jf x]g{ ;Sg] 7fpF / ;do M
ljQLo ;+:yfsf] kl5Nnf] cfly{s aif{sf] n]vfkl/If0f ePsf] jf;nft, gfkmf gf]S;fg lx;fj / gub k|jfx ljj/0f
sfof{no ;doleq ljQLo ;+:yfsf] /lhi68{ sfo{fno kgf}tL–$, sfe|] / lwtf]kq lgisfzg tyf laqmL k|aGws
d'lQmgfy Soflk6n lnld6]8, gf/fo0frf}/, gS;fn,sf7df08f}+df ;Dks{ /flv k|fKt ug{ jf x]g{ ;lsg]5 .

-h_ 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|lrlnt af]g; z]o/ lgisfzg ;DaGwL Joj:yf cg';f/ af]g; z]o/ hf/L ug{ ;lsg]5 .

-em_ 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/0fkqåf/f lgisf;g ul/g] k|lt ;fwf/0f z]o/ ?=!))÷—clÍt d"No (Par Value) sf s'n (,&%,))) lsQf
;fwf/0f z]o/ dWo] hf/L kF"hLsf] )=%Ü cyf{t !@,%)) lsQf ;fwf/0f z]o/x? ljQLo ;+:yfsf] ;]jfdf /x]sf
sd{rf/Lx?sf] nflu tyf lgisfzg ul/g] ;fwf/0f z]o/sf] %Ü cyf{t $*,&%) lsQf ;fwf/0f z]o/x? ;fd'lxs
nufgL sf]ifsf] nflu 5'6\ofP/ ;'/lIft ul/Psf] 5 . o;/L 5'6\ofOPsf] z]o/ sd{rf/Lx?sf] xsdf ;+rfns ;ldltn]
cf}lrTok"0f{ tj/af6 afF8kmfF8 ug]{]5 tyf ;fd"lxs nufgL sf]ifsf] xsdf ;fd"lxs nufgL sf]if lgodfjnL, @)^&
adf]lhd afF8kmfF8 ul/g]5 . sd{rf/L tyf ;fd"lxs nufgL sf]ifx?af6 ;Dk"0f{ z]o/sf] nflu dfu eO{ gcfPsf]
cj:yfdf afFsL z]o/x? ;j{;fwf/0fdf afF8kmfF8 ul/g]5 .

35
-`_ ljQLo ;+:yfn] 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
ljQLo ;+:yfn] sDkgL P]g, @)^# n] u/]sf] Joj:yfx?, cfkm"n] ug]{ Joj;fo;Fu ;DalGwt 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
/xL sfo{ ul//x]sf] / o; ljj/0fkqdf pNn]v ul/Psf] ljj/0fx? ;d]t ;f]xL cg'?k tof/ ul/Psf] xf] eGg] ljQLo
;+:yfsf] pb\3f]if0f /x]sf] 5 . ;fy} o; ljQLo ;+:yfn] sDkgL /lhi6«f/sf] sfof{nodf cfly{s aif{ @)&&÷)&*
;Ddsf] ljj/0f k]z u/]sf] x'gfn] pQm cfly{s aif{ ;Dddf o; ljQLo ;+:yf sDkgL /lhi6«f/sf] sfof{nodf
cBfjlws /x]sf] / ;f] Joxf]/fsf] hfgsf/L sDkgL /lhi6«f/sf] sfof{nosf] ldlt @)&*÷!@÷@#,
r=g+=*&$*!÷)&*÷&( sf] kqaf6 k|fKt ePsf] 5 .

-6_ lwtf]kq laqmL ljt/0f ;DaGwL Joj:yf M

o; ljj/0fkq dfkm{t lgisflzt ;fwf/0f z]o/ laqmL ljt/0fsf nflu g]kfn lwtf]kq af]8{af6 Ohfhtkq k|fKt
cf:jf ;b:o a}+s tyf ljQLo ;+:yfx?sf tyf ltgsf tf]lsPsf] zfvf sfof{nox?af6 cfa]bg lbg;Sg] Joj:yf
ul/Psf] 5 .

-7_ qm]l86 /]l6Ë ;DaGwL Aoa:yf M

o; ljj/0fkq cg';f/ ;j{;fwf/0fx?df lgisfzg ul/g] ;fwf/0f z]o/sf] nflu æqm]l86 /]l6Ë lgodfjnL, @)^*Æ
sf] lgod # df ePsf] Joj:yf adf]lhd g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt qm]l86 /]l6Ë ;+:yf O{qmf g]kfn
lnld6]8, l8NnLahf/, sf7df8f}+af6 qm]l86 /]l6Ë u/fO{ o; cleofg n3'ljQ ljQLo ;+:yf ln= nfO{ ldlt
@)&*÷)*÷!& df “ICRANP-IR] BB-” /]l6Ë k|bfg u/]sf] 5 . h;n] sDkgLsf] ljQLo bfloTj axg ug]{ Ifdtfdf
dWod hf]lvd (moderate risk of default regarding timely servicing of financial obligation) /x]sf]] [ICRANP-IR] BB-
(Pronounced as ICRA NP issuer rating Double B minus ) hgfpFb5 . ;f] /]l6Ë sf] j}wtf cjlw Ps aif{ /xg]5 .
O{qmf g]kfn lnld6]8n] [ICRANP-IR] AAA b]lv [ICRANP-IR] D ;Ddsf] /]l6Ë k|bfg ub{5 h;df [ICRANP-IR]
AAA n] alnof] cfwf/ hgfpF5 [ICRANP-IR] D n] sdhf]/ cfwf/ hgfpF5 . [ICRANP-IR] B, [ICRANP-IR] C /
[ICRANP-IR] D n] cf};t eGbf sd cfwf/ hgfpF5 lbOg] cfwf/x?df k|of]u ul/g] (Plus) lrGxn] lbOPsf] ;d'xsf]
t'nfgfTds ;sf/fTds l:yltnfO{ hgfpF5 .
qm]l86 /]l6Ë k|bfg u/]sf] ldlt M @)@!÷!@÷)#
qm]l86 /]l6Ë axfn /xg] ldlt M @)@@÷!@÷)@

-8_ ljj/0fkq tof/ ug]{sf] gfd, 7]ufgf, z}lIfs of]Uotf tyf cg'ejsf] ljj/0f M
o; ljj/0fqk tof/ ug]{ Jofj;flos ;+:yfdf lgisfzg tyf laqmL k|aGws d'lQmgfy Soflk6n lnld6]8,
gf/fo0frf}/, gS;fn,sf7df08f}+ /x]sf] 5 .

-9_ 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;
ljQLo ;+:yfsf] sfof{noaf6 jf ljQLo ;+:yfsf] ;+rfns ;ldltn] tf]s] adf]lhd z]o/ /lhi6«f/sf] sfof{ noaf6 x'g]
u/L Joj:yf ul/g]5 .

-0f_ ;sf/fTds kIfx? M

!_ n3'ljQ If]qsf cg'ejL tyf bIf JolQmx?åf/f :yflkt ePsf]n] o; n3'ljQ ljQLo ;+:yfsf] Joj:yfkg ;Ifd
tyf k|efjsf/L ePsf] .
@_ :yfgLo ;d'bfodf ljQLo ;+:yfn] agfPsf] cld6 5fk,
#_ l56f] 5l/tf] ;]jf Pj+ lg0f{o lbg] jftfj/0f,
$_ ljQLo ;+:yfsf] ;~rfns ;ldlt / Aoj:yfkgdf /x]sf] cGt/fli6«o, /fli6«o tyf :yfgLo :t/sf] 1fg / cg'ej,
%_ gLltut kf/blz{tf / alnof] ;+:yfut z';f;g,
^_ ;fdflhs lhDd]jf/L / bfloTj

-t_ ;fwf/0f z]o/sf] laqmL v'Nnf cjlw M

o; ljj/0fkqåf/f lgisfzg ul/Psf] ;fwf/0f z]o/sf] nflu cfj]bg lbg] cjlw !% -kGw|_ lbgsf] x'g]5 . cfjZostf
eGbf a9L ;fwf/0f z]o/sf nflu cfjb]g kg{ cfPdf s'g} klg avt ;fwf/0f z]o/sf] laqmL aGb ug{ ;lsg]5 t/
ljj/0fkqdf ul/Psf] Joj:yf cg';f/ s'g} klg xfntdf $ -rf/_ sfo{ lbg eGbf cuf8L z]o/ vl/bsf] cfj]bg lng]
sfd aGb ul/g] 5}g .

36
u=@#=;+rfns tyf lj1x?sf] gfd tyf b:tvt M
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]{ ;+rfnsx?sf] gfd tyf b:tvt .
l;=g+= ;+rfnsx?sf] gfd Kfb b:tvt

!= >L afa'/fd yfkf cWoIf

@= >L ef]h/fh e§/fO{ ;+rfns

#= >L ef/tL s'df/L kf7s ;+rfns

$= >L k|jL0f emf ;+rfns

%= >L s]zj yfkf :jtGq ;+rfns

37
u=@$=lgisfzg tyf laqmL k|aGwsn] k|:t't u/]sf] k|lta4tf kq -8\o" 8]lnh]G; ;l6{lkms]6_ sf] k|lt M

38
u=@%=ljj/0fkq ljQLo ljj/0f tyf cGo s'g} s'/fdf la1n] /fo lbPsf] eP ;f] ;DaGwL kq M ;+nUg ul/Psf] .

39
40