RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
JN Bmpltmf FFB M u a u s t 7 5 = 8
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Clsbfmlodr Sil ilss om omttdr drlm lmff c` c`ds ds j`t b`js jstl tltu tutd td mj `h `hhhdr `r s`f `flb lblt ltmmtl` l`j j t` pur urbi bimmsd mj lj ljtd tdrd rdst st lj mjy vd vdi ilb lbffd mc mcvvls lsdc dc gy JN Bm Bmp plt ltmmf, FF FFB B (t (tid id ‖M ‖Mcv cvls lsdr dr‟‟), wil ilbi bi subi su bi `h `hhd hdrr wl wlff ff `j `jfy fy gd om omcd cd vl vlmm m b` b`jh jhlc lcdj djtl tlmf mf `h `hhd hdrl rlja ja od odo` o`rm rmjc jcuo uo.. Mj lj ljvd vdst stod odjt jt lj mjy pr prlv lvmt mtdd lj ljvd vdst stod odjt jt vd vdil ilbf bfdd ls sp spdb dbuf ufmt mtlv lvdd mj mjc c ls su sugk gkdb dbtt t` m rls lsn n `h f`ss, ljbfuclja m rls lsn n `h f`ss `h prlj ljbblp lpmmf. J` mssurmjbd bmj gd alv lvdj dj timt mjy ljvdstodjt wlff mbildv dvdd lts `gkdbtlvd `r timt mj ljvdst`r wlff rdbd rd bdlv lvdd m rd rdtu turj rj `h mf mfff `r pm pmrt rt `h lt ltss lj ljvd vdst stod odjt jt.. Sid lj ljvvds dsto todj djtt bmsd st stuc ucld ldss si si`w `wj j id idrd rdlj lj mrd pr prds dsdj djtd tdc c h` h`rr lj ljh` h`ro romt mtl` l`jm jmff pu purp rp`s `sdds `jf jfy. y. Sid bms msdd st stuc ucld ldss si si`w `wj j mrd lj ljbbfu fucd cdc c t` lf lfffus ustr trmmtd ti tidd mppf mp pflb lbmt mtl` l`j j `h ti tidd rd rdsd sdmr mrbi bi-l -ljt jtdj djsl slvd vd lj ljvd vdst stod odjt jt od odti ti`c `c`f `f`a `ayy `h ti tidd Mc Mcvl vlsd sdrr lj `r `rcd cdrr t` cd cdo` o`js jstr trmt mtdd ti tidd rd rdtu turj rj p` p`td tdjt jtlm lmff `h qu qumf mflt ltyy gu gusl sljd jdss ssds ds,, ti tidd ujcdrp ujc drpdrh drh`ro `romjb mjbdd p`t p`tdjt djtlmf lmf `h omr omralj aljmf mf gus gusljd ljdssd ssds, s, mjc tid lop lop`rt `rtmjb mjbdd `h a`` a``c c omj omjmad madodj odjt, t, mo` mo`ja ja `ti `tidr dr til tiljas jas.. Sidd lj Si ljvd vdst stod odjt jt bm bmsd sd st stuc ucld ldss si si`w `wj j wd wdrd rd j` j`tt jd jdbd bdss ssmr mrlf lfyy rd rdb` b`oo oodj djcd cdc c `r pu purs rsud udc c gy ti tidd Mc Mcvl vlsd sdrr h` h`rr mj mjyy mb mbb` b`uj ujt. t. Si Sidd b` b`op opmj mjld ldss il ilai aifl flai aitd tdc c mr mrdd j` j`tt odmj od mjtt t` cd cdo o`j `jst strm rmttd ty typ plb lbmmf lj ljvd vdst stod odj jts h` h`rr tid mjy lj ljvvds dsto todj djtt vd vdil ilbbfd mjc ol olai aitt j`t im imvd vd odt ti tidd Mc Mcvl vlssdr dr“s “s lj ljvvds dsttod odjt jt brl rltd tdrl rlmm. Sid p`t `tddjt jtlm lmff rdtu rd turj rjss cl clsb sbus ussd sdc c id idrd rdlj lj mr mrdd iy iyp` p`ti tidt dtlb lbmf mf mj mjc c si si`u `ufc fc j` j`tt gd rd rdmc mc ms lj ljcl clbm bmtl tlvd vd `h ti tidd dx dxpd pdbt btdc dc `r p` p`td tdjt jtlm lmff rd rdtu turj rjss `h mj lj ljvd vdst stod odjt jt lj mj mjyy vd vdil ilbf bfdd `r mbb` b`u ujt jt.. Sid p` p`ttdj djtl tlmmf rd rdtu turj rjss cl clsb sbus usssdc id idrd rdlj lj c` j` j`tt rd rdhf hfddbt trm rmjs jsmmbtl tl`j `j b`s `sts ts,, mc mcvl vls` s`ry ry hd hdds ds,, `r `pd pdrm rmttlj ljaa dx dxpd pdjs jsds ds tim imtt w`u `uffc gd lj ljbu burr rrdc dc mjc wilbi w`ufc sdrvd t` cdbrdmsd pr`hlts `r ljbrdmsd f`ssds. Lt si`ufc j`t gd mssuodc timt rdb`oodjcmtl`js omcd lj tid huturd wlff gd pr`hltmgfd `r wlff mppr mp prdb dblm lmtd td lj m om omjj jjdr dr sl slol olfm fmrr t` ti tidd rd rdsu suft ftss si si`w `wj j id idrd rdlj lj.. Sils Si ls om omtd tdrl rlmf mf b` b`jt jtml mljs js bd bdrt rtml mlj j h` h`rw rwmr mrcc-f` f``n `nlj ljaa st stmt mtdo dodj djts ts mj mjc c pr pr`k `kdb dbtl tl`j `jss rd rdam amrc rclj ljaa ti tidd hu hutu turd rd pd pdrh rh`r `rom omjb jbdd mjc ms mssd sdtt mf mff` f`bm bmtl tl`j `j `h ti tidd Mc Mcvl vlsd sdr“ r“ss strm st rmttda dald lds. s. Sids dsdd pr pr`k `kdb dbttl` l`js js mrd lj ljbf bfuc ucdc dc h` h`rr lf lfffus ustr trmmtlv lvdd pu purp rp`s `sds ds `j `jffy, mrd lj ljid idrd rdjt jtfy fy spd pdbbufm fmttlv lvdd ms ti tiddy rd rdffmt mtdd t` hut utu urd dv dvdj djtts, mj mjc c omy j` j`tt gd rdmf rd mflz lzdc dc ms cd cdsb sbrl rlgd gdc. c. Si Sids dsdd h` h`rw rwmr mrcc-f` f``n `nlj ljaa st stmt mtdo dodj djts ts wl wlff ff j` j`tt jd jdbd bdss ssmr mrlf lfyy gd up upcm cmtd tdc c lj hu hutu turd rd.. UMRS UM RS UD UDWH WH@W @WOM OMJB JBD D LR J@ J@S S JD JDBD BDRR RRMWL MWLF\ F\ LJ LJCL CLBM BMSL SLXD XD @H HT HTST STWD WD WD WDRT RTFS FSR. R.
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Madjcm L.
Gmbnar`ujc
LL.
Ljvdstodjt Uilf`s`piy m)
Gusljdss
g)
Omjmadodjt
b)
Xmfumtl`j X mfumtl`j
LLL.
Ur`bdss
LX.
Ruoomry
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Ljtr`cubtl`j
JN Bmpltmf FFB (‖JNB‟ (‖JNB‟ `r tid ‖pmrtjdrsilp‟) ‖pmr tjdrsilp‟) ls mj ljvdstodjt pmrtjdrsilp dstmgflsidc t` ljvdst lj pugflb sdburltlds prdc`oljmjtfy lj J`rti Modrlbm mjc Qdstdrj Dur`pd
Sid pmrtjdrsilp wms h`ujcdc gy gr`tidrs Jlnilf Cmhtmry Cmhtmr y & Nrlsi Cmhtmry Cmht mry lj Kufy 75= 75=8
Sid vmst omk`rlty `h `ur pdrs`jmf jdt w`rti ims gddj b`jtrlgutdc t` tid hujc
Sid pmrtjdrsilp“s a`mf ls t` b`op`ujc bmpltmf mt mttrmbtlvd rmtds `h rdturj gy ljvdstlja lj curmgfd gusljdssds ruj gy dxbdptl`jmf omjmadrs
Jlnilff Cmhtmry Jlnil Cmhtmr y Jlnilf w`rndc ms mj ljvdstodjt pr`hdssl`jmf pdrh pd rh`r `rol olja ja f` f`ja ja/s /si` i`rt rt dq dqul ulty ty mj mjc c br brdc dclt lt mj mjmf mfys ysls ls mt Sirdd Gmys Bmpltmf. Url`r t` Sirdd Gmys, Jlnilf w`rndc ms m clstrdssdc cdgt mjc f`ja/si`rt dqulty mjmfyst mt Mjbi`rmad Bmpltmf. Jlnilf gdamj ils bmrddr ms mj ljvdstodjt gmjnlja mjmfyst lj Gfmbnst`jd“s Wdstrubturlja & Wd`rajlzmtl`j prmbtlbd. Jlnilf armcumtdc Ruoom Buo Fmucd hr`o Jdw \`rn Tjlvdrslty“s Rtdrj Rbi``f `h Gusljdss wlti m G.R. G. R. lj Hl Hljm jmjb jbdd & Mb Mbb` b`uj ujtl tlja ja..
Nrlsi Cmhtmry Nrlsi w`rndc ms mj ljvdstodjt pr`hdssl`jmf pdrh`rolja f`ja/si`rt dqulty mjmfysls mt Jdw O`u `ujt jtmmlj Bmplt ltmmf. Ur Url` l`rr t` Jdw O`u `uj jtml mlj j, Nr Nrls lsi i w`rndc ms mj mjmfyst lj tid B`rp`rmtd Hljmjbd prmb pr mbtl tlbd bd mt Ob ObNl Nljs jsdy dy & B` B`op opmj mjy. y. Nrlsi armcumtdc Omajm Buo Fmucd hr`o Jdw \`rn Tjlvdrslty“s Rtdrj Rbi``f `h Gusljdss wlti m G.R. G. R. lj Hl Hljm jmjb jbd. d.
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Ljsplrmtl`j JNB“s JN B“s h`ujclja pmrtjdrs imvd gddj simpdc gy m juogdr `h pr`h pr`hdssl`jmf dssl`jmf mjc pdrs`jmf ljhfudjbds. ljh fudjbds.
@j tid pr`hd pr`hdssl`jmf ssl`jmf slcd, wd imvd gddj ljh fudjbdc gy m b`ffdbtl`j `h wdff-nj`wj mjc fdssdr nj`wj ljvdst`rs wi` imvd idfpdc idfpdc o`fc `ur ljvds ljvdstodjt todjt pilf`s`piy `vdr `vdr tlod
@j tid pdrs`jmf slcd, tid h`ujclja `h JNB wms ljsplrdc gy ar`up `h djtrdprdjdurlmf fdmcdrs wi` tmuait t muait us t` pursud `ur pmssl`j, laj`rd b`jvdjtl`jmf tiljnlja mjc gulfc s`odtilja ardmt
Ur`hdssl`jmf Ur`hd ssl`jmf Ljhfudjbds Ljh fudjbds
Udrs`jmf Ljhfudjbds Ljh fudjbds
Qmrrdj Guhhdtt (Gdrnsilrd Imtimwmy) Imtimwmy)
Rtdvd K`gs (Mppfd)
Bimrfld Oujadr (Gdrnsilrd Imtimwmy)
Kdhh Gdz`s (Momz`j)
Gdjkmolj Armimo (Armimo-Jdwom (Armimo-Jdwomj) j)
Df`j Ousn (RpmbdY/Sds (RpmbdY/Sdsfm/Umypmf) fm/Umypmf)
2A Bmpltmf
S`jy Isldi ([mpp`s)
Hrmjb`ls W`bi`j (Alvdrjy Bmpltmf)
Wlbimrc Grmjs`j (Xlralj)
Uilf Hlsidr (Hlsidr & B`.)
Wmy Nr`b (ObC`jmfc“s)
Udtdr Fyjbi (Omadffmj Hujc)
Rmo Qmft`j (Qmfomrt)
S`o Amyjdr (Omrndf)
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Madjcm L.
Gmbnar`ujc
LL.
Ljvdstodjt Ui Uilf`s`piy m)
Gusljdss
g)
Omjmadodjt
b)
Xmfumtl`j X mfumtl`j
LLL.
Ur`bdss
LX.
Ruoomry
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Ljvdstodjt Brltdrlm Qd f``n t` ljvds Qd ljvdstt lj curmgfd hrmjbilsds ruj gy dfltd omjmadodjt omjmadodjt.. Qd wlff j`t b`opr b`opr`olsd `olsd tidsd stmjcmrcs. Gusljdss
Qltilj `ur blrbfd `h b`opdtdjbd b`opdtdjbd (Ls tils gusljdss prdclbtmgfd, prdclbtmgfd, dmsy t` ujcdrstmjc0) ujcdrstmjc0)
Ilai rdturjs `j ljvdstdc bmpltmf (‖W@LB‟) (Ls tidrd m ’o`mt“ mr`ujc tils gusljdss0)
Gusljdss curmglflty mjc f`jadvlty (I`w cddp ls timt ’o`mt“0)
Ilai ljbrdodjtmf W@LB (Bmj tid gusljdss rdcdpf`y bmpltmf mt mttrmbtlvd rmtds0)
Omjmadodjt
I`jdsty (I`w bfdmj ls tid hljmjblmf rdp`rtlja0 Qlff omjmadod omjmadodjt jt gd h`rtirlait wlti gmc jdws0)
Umssl`j (C` tidy f`vd wimt tidy c`0)
Dxdbutl`j (Mrd tidy b`st mjc bmpltmf dhhlbldjt lj imjcflja cmy-t`-cmy gf`bnlja mjc tmbnflja0)
Ljtdffladjt bmpltmf mff`bmtl`j (Qidrd ls hrdd bmsi h f`w cdpf`ydc0) cdpf`ydc0)
Tpslcd dmrjljas `ptl`jmflty (Qlff tils omjmadod omjmadodjt jt tdmo brdmtd vmfud L bmjj`t o`cdf0)
Xmfumtl`j X mfumtl`j
Wdms`jmgfd vmfumtl`j
Qdd mrd imppldr Q imppldr t` pmy m hmlr hmlr prlbd h`r m w`jcdrhuf w`jcdrhuf gusljdss
Qdd dvmfumtd rdturjs Q rdturjs `vdr `vdr m 4-ydmr tlodhrmod, tlodhrmod, f``nlja h`r h`r gusljdssds timt bmj c`ugfd lj vmfud
H`bus `j hrdd bmsi hf`w h f`w ms m vmfumtl`j t``f
Qdd wlff j`t mttdopt Q mttdopt t` b`opdjsmtd b`opdjsmtd h`r cdhlbldjblds lj tid mg`vd mg`vd brltdrlm brltdrlm wlti prlbd.
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Madjcm L.
Gmbnar`ujc
LL.
Ljvdstodjt Uilf`s`piy m)
Gusljdss
g)
Omjmadodjt
b)
Xmfumtl`j X mfumtl`j
LLL.
Ur`bdss
LX.
Ruoomry
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Gusljdss Hrmodw`rn Mt JN JNB, B, wd mrd f``nlja h`r ardmt, djcurlja hrmjbilsds wd bmj ujcdrstmjc. Lh wd w`ufcj“t `wj lt h`r tdj ydmrs, wd w`j“t `wj lt h`r tdj oljutds.
Gusljdss Hrmodw`r Hrmodw`rn n
B`rd Urljblpfds =
7
Blrbfd `h B`opdtdjbd
Ls tid gusljdss prdclbtmgfd,
2
3
Ilai W@LB
dmsy t` ujcdrstmjc0
Ls tidrd m ’o`mt“ mr`ujc
Curmglflty
C`ds tid gusljdss imvd
Wdljvdstodjt
Bmj tid gusljdss rdcdpf`y
tils gusljdss `r ilai
f`jadvlty0 I`w cddp ls tid
bmpltmf mt mttrmbtlvd rmtds `h
gmrrldrs t` djtry0
’o`mt“0
rdturj0
Rlopfd pr`cubt `r sdrvlbd
F`w b`st t` bust`odr
Udrs`jmf hmolflmrlty wlti
Rtr`ja hrmjbilsd `r grmjc
pr`cubt `r sdrvlbd
F`w b`st p`sltl`j
O`cdst hljmjblmf fdvdrmad
Wdburrlja rdvdjuds / bmsi
F`w omljtdjmjbd bmpltmf
Cdhdjslvd
O&M (d.a. b`js`flcmtlja
ljtdjslty
Floltdc ljcustry bimjad `r
ljcustrlds)
hf`ws
Floltdc ljcustry bimjad `r
Rtr`ja sbmfd mcvmjtmads
ljj`vmtl`j
Tjtmppdc prlblja p`wdr
Jdtw`rn dhhdbts
Ilai swltbilja b`sts
W`gust ilst`rlbmf trmbn
`pp`rtujltlds
rdb`rc
ljj`vmtl`j
F`ja rujwmy h`r ar`wti
@ramjlb ar`wti
Mglflty t` c` mbbrdtlvd
Ad`armpilbmffy rdpflbmgfd o`cdfs
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Qd“rd Q d“rd f``nlja h`r h`r tid jdxt ardmt hrmjbilsd hrmjbilsd Ardmtt hr Ardm hrmj mjbbil ilsd sdss bm bmj j rdl dlj jvd vdsst mt il ilai ai lj ljbr brdo dodj djtm tmff rdt dtur urjs js,, b` b`o op` p`uj ujcl clja ja vm vmfu fudd h`r cd cdbm bmcd cds. s. Mj lj ljvd vdsst` t`rr `jfy `j fy jd jdddcs m im imjc jchu huff `h ti tiddsd lc lcdm dmss `vdr m fl flhhdtlo lodd t` adj djddrmt mtdd lj ljbr brdc dclg lgfd fd rdturjs js.. C`ffmr Srdd (CFSW) =55 95
@“Wdlffy Mut`o`tlvd (@WF\) 245
=75
Rimrd BMAW; 77% BMAW O@LB; 17x
255 745 755
85
=45
35
=55
75
45
5
5
Cmjmidr (CIW) <5 95 15 85 45 35 25 75 =5 5
Rimrd BMAW; 72% BMAW O@LB; =72x
Rimr d BMAW; 7=% BMAW Rimrd O@LB; 9=5x
W`pdr Sdbij`f`alds (W@U) 755 =95 =85 =35 =75 =55 95 85 35 75 5
Rimr d BMAW; =<% BMAW Rimrd O@LB; 15x
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Ls tidrd rdmffy m prlbd h`r dvdrytilja0 B`jvdrsdfy, wd w`j“t bimsd ’bidmp“ vmfumtl`js. @vdr tid f`ja tdro, mj ljvdst`r bmj“t `utruj tid huj ujcm cmo odj djtm tmfs fs `h tid gusl sljd jdsss j` omt mtttdr i` i`w w bidm dmp p m prl rlbd bd tid idyy pmy. TR Rtddf (Y) 755 =45
Uduad`t (TA HU) 45
TR Rtddf; R&U 455;
-=1% -=1% 38<%
35
Uduad`t; R&U 455;
-71% 457%
25 =55 75 45
=5
5
5
Mlr Hrmjbd (MH HU) 95 15 85 45 35 25
Mlr Hrmjbd; R&U 455;
-8=% -8=% 3=5% 3= 5%
Ydr`xx (YWY) Ydr` 15 85 45 35 25
75
75
=5
=5
5
5
Ydr`x; Ydr`x; R&U 455;
-=2% =,4<1%
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Qidrd c` ljvdst ljvdst`rs `rs a` wr`ja0 Qd gdfldvd ljvds Qd ljvdst`rs t`rs adt f`st lj mttrmbtlvd ’st`rlds“ mjc bidmp ouftlpfds wilfd clsb`ujtlja tid f`ja-tdro crlv cr lvdr drss `h vm vmfu fud. d. Qiy qumflty qumflty gusljdssds mrd olssdc
Mj dxpdjslvd ouftlpfd ouftlpfd
Xmfud X mfud `h b`op`ujclja b`op`ujclja ujcdrmpprdblmtdc
Xmfud X mfud `h gusljdss curmglflty curmglflty mjc f`jadvlty
Qiy odcl`brd odcl`brd gusljdssds mrd mrd `wjdc
Fmbn `h bmtmfyst
Fmbn `h ’dcad“
@wjdrsilp; mbtlvlso, ’somrt auys“ lj tid jmod
ujcdrmpprdblmtdc
Sid ’st`ry“
Surjmr`ujcs; Surjmr `ujcs; omjmadodjt bimjad
B`rp`rmtd mbtl`j; splj, fdvdrdc rdbmpltmflzmtl`j, O&M, spdblmf clvlcdjc `r guygmbn
@jd-tlod; b`st-buttlja pr`armo, b`oo`clty idmcwljc/tmlfwljc, dmrjljas rdvlsl`js
Sidods/trdjcs; d.a. `ramjlb h``c, cmtm b`jsuoptl`j, b`jsuop tl`j, pfmth`ros
Xmfumtl`j X mfumtl`j (bidmp idmcfljd ouftlpfd) Sid bybfd (d.a. upturj lj m ’g`tt`odc `ut“ bybflbmf ljcustry)
Ri`rtdr ljvdstodjt i`rlz`js
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Wd-tiljnlja Ouftlpfds ‖Lt omnds o`rd sdjsd t` guy m w`jcdrhuf gusljdss mt m hmlr prlbd. Lt's j`t imrc t` wmtbi gusljdssds `vdr 45 ydmrs mjc fdmrj widrd tid gla o`jdy bmj gd omcd.‟ ‒ Qmrrdj Guhh hhddtt
Qdd gdfldvd tid omrndt Q omrndt ls t`` qulbn t` fmgdf fmgdf y`uja hrmjbilsds hrmjbilsds ms ’dxpdjslvd“
Fdt“s f``n mt tw` b`opmjlds;
A``c B`. ls ’dxpdjslvd“ mt 75x dmrjljas, gut bmj rdljvdst bmpltmf mt m 74% ljbrdodjtmf W@LB
Dvdj wlti m 45% rd-rmtlja lj Bidmp B`., tid ljvdstodjt cdblsl`j ls `gvl`us ujcdr tid rlait tlodhrmod
\dmr = D mrjlj mr jljas as
74
74
Djtr y Ouftlpfd
7 5 .5 x
= 5 .5x
Uurbim sd Ur lbd
45 5
745 74 5
% W dljvdstodjt W @LB
=5 5 % 74 %
=5 % 74%
Buoufm tlvd Clvlcdjcs \dmr == = = Dmrjlja Dm rjljass U`wdr U`wdr JSO Ouftlpfd \dmr =5 = 5 Xmfumtl`j Xm fumtl`j
722 7 5 .5 x 3,841 3,84 1
747 74 7 27 = 4 .5x 395 39 5
Bidmp B`. ls ’bidmp“ mt =5x dmrjljas, gut ims floltdc `pp`rtujlty h`r rdljvdstodjt rdljvdstodjt mt ti`sd smod rmtds
A``c A``c B`. Bidmp dmp B`. B`.
Mj ljvdst`r ljvdst`r b`ufc dvdj dvdj pmy upwmrcs upwmrcs `h ~17x t` mbildvd mbildvd m =5% LWW lj A``c B`. gut `jfy ~=2x h`r Bidmp B` .
L WW O@LB Djtry Ouftlpfd h` r = 5% LWW
74% < .2 x 1 = .9 x
=3% 7 .
Ljvdst`rs Ljv dst`rs `vdrdopimslzd `vdrdopimslzd jdmr-tdro vmfumtl`j ouftlpfds, gut tid mglflty t` rdcdpf`y bmpltmf mt mttrmbtlvd rmtds `h rdturj `vdr omjy ydmrs ls `htdj tid ardmtdst crlvdr `h f`ja-tdro vmfud.
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Wd-tiljnlja Ouftlpfds (b`jt“c) F`ja-tdro b`op`ujclja hmr `utwdlais p`tdjtlmf rd-rmtlj ljaas ‒ wd oust mfw fwmmys strlvd t` adt tid gusljdss rlai rl aitt rm rmti tidr dr ti timj mj pm pmyy m ’b ’bid idmp mp““ ou ouft ftlp lpfd fd..
Gdrnsilrd Imtimwmy Imtimwmy ls `jd `h tid ardmtdst b`op`ujcdrs lj tid ilst`ry ilst`r y `h o`cdrj bmpltmflso, adjdrmtlja m 7=% BMAW `vdr tid ti d pmst 4= ydmrs
H`r tid rlait gusljdss, lt gdb`ods fdss mg`ut tid ljltlmf prlbd pmlc gut rmtidr mg`ut dvdry sugsdqudjt c`ffmr rdljvdstdc gy tid b`opmjy
H`r tid rlait gusljdss, t`tmf simrdi`fcdr rdturjs wlff b`jvdrad `j m b`opmjy“s W@LB `vdr tlod
745,555
755,555
=45,555
=55,555
45,555
-
Mj ljvdst` ljvdst`rr b`ufc imvd imvd pmlc =55x =55x Gdrnsilrd“s Gdrnsilrd“s simrd prlbd prlbd (r`uaify 84x g``n vmfud) lj =<83 mjc stlff imvd adjdrmtdc m ==% ==% BMAW BMAW `vdr 4= ydmrs. ydmrs .
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Wd-tiljnlja Ouftlpfds (b`jt“c) \`u b`ufc imvd mfs` =) pmlc m imjcs`od ouftlpfd h`r tidsd b`opmjld \`u b`opmjldss `r 7) mrrlvdc vdry fmtd t` tid pmrty mjc mj c st stlf lfff im imvd vd ad adjd jdrm rmtd tdc c dx dxtr trm` m`rc rclj ljmry mry rd rdsu suft fts. s. C`ffmr Srdd (CFSW) =55 95 85
@“Wdlffy Mut`o`tlvd (@WF\) 245
=75
Rljbd =<<4; Mt =55x U/D; =5 yd ydmrs fmtd; 75 ydmrs fm fmtd;
77% BMAW =7% BMAW BMAW 72% 72 % BMAW =3% BMAW
35
255 745 755 =45
45
5
5
Cmjmidr (CIW) <5 95 85 45 35 25 75 =5 5
72% BMAW =3% BMAW 74% BMAW 24% BMAW
=55
75
15
Rljbd =<<2; Mt =55x U/D; =5 ydmrs fm fmtd; 75 ydmrs fmtd;
Rljb d =<95; Rljbd Mt =55x U/D; =5 yd ydmrs fmtd; 75 ydmrs fmtd;
7=% BMAW =2% BMAW BMAW 75% 75 % BMAW =4% BMAW
W`pdr Sdbij`f`alds (W@U) 755 =95 =85 =35 =75 =55 95 85 35 75 5
Rljbdd =<<7; Rljb Mt =55x U/D; =5 yd ydmrs fm fmtd; 75 ydm ydmrrs fm fmtd;
=<% BMAW =2% BMAW BMAW 7=% BM BMAW =5% BM BMAW
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
A``c st`rlds bmj strmy m h`bus `j qumflty Gut ljvdst`rs s`odtlods hmff lj f`vd wlti m a``c st`ry ry.. Qidj m ardmt st`ry oddts m gmc gusljdss, lt“s tid rdp dput utmt mtl` l`j j `h ti tidd gu gusl sljd jdss ss ti timt mt rdo doml mljs js lj ljtm tmbt bt..
I`w clc tw` b`opmjlds wlti p``r ilst`rlbmf trmbn rdb`rcs adjdrmtd subi sugstmjtlmf ljvdst`r ljtdrdst0 Idrtz (IS[)
=35
Srmjs`bdmj (WLA)
75=2/=3; Ouftlpfd mbtlvlst hujcs tmnd stmnds
=75 Mua 75=3; Ljvdst`r hlfds =2C =55 95 85 35 75
~45% cdbfljd mhtdr mbtlvlst ljv`fvdodjt
5
=95 =85 =35 =75 =55 95 85 35 75 5
Kmj 75=2; Mbtlvlst sddns rdaufmt`ry mppr`vmf t` mbqulrd mccltl`jmf v`tlja stmnd
~14% cdbfljd mhtdr mbtlvlst ljv`fvdodjt
~34% cdbfljd gdh`rd `lf gr`nd $<5/ggf
Rt`ry Mbtlvlso Jdw omjmadodjt Rplj (dqulpodjt rdjtmf gusljdss) Fdvdrdc guygmbn (wlti splj pr`bddcs)
Rt`ry Mbtlvlso OFU cr`p-c`wj vdilbfd Clvlcdjc ljbrdmsd Rplj (f`wdr (f`wdr ouftlpfd ouftlpfd kmbnup kmbnup hfddt)
Wdmflty Hljmjblmfs; wdmn HBH, `pmqud mbb`ujtlja, fdvdrdc gmfmjbd siddt Ljcustry; maardsslvd b`opdtlt`r, bmpltmf ljtdjslvd, bybflbmf, dxtdrjmf tirdmts (Tgdr) B`opmjy; B`opmj y; p``r omjmadodjt, j` vmfud brdmtl`j sljbd LU@
Wdmflty Hljmjblmfs; wdmn HBH, ilaify fdvdrdc gmfmjbd siddt Ljcustry; `vdrsuppfldc `vdrsuppfldc cddpwmtdr omrndt, ilaify bybflbmf/bmpltmf ljtdjslvd o`cdf, b`oo`clty dxp`sdc B`opmjy; B`opmj y; p``r omjmadodjt, j` vmfud mbbrdtl`j lj 75 ydmrs, `gs`fdtd `gs`fdtd hfddt
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
A``c st`rlds bmj strmy m h`bus `j qumflty (b`jt“c) Ljvdst`rs adt lj tr`ugfd widj tidy fdt m ardmt st`r y `r bmtmfyst (d.a. spljs) b`opdjsmtd h`r m p``r ujcdrfylj ujcd rfyljaa gusl gusljdss jdss..
Wmy`jldr Mcvmjbdc Omtdrlmfs (W\MO)
Clstrlgutl`j J`w (CJ@Q)
45
35
35
24
25
25
75
88% cdbfljd
74
21% cdbfljd
75 =5
=4
5
Rt`ry Rplj hr`o W\J Udrbdptl`j Udr bdptl`j `h qumflty (’spdblmfty“ bidolbmf) O&M tmnd`ut
Wdmflty Hljmjblmf; ilaify fdvdrdc Ljcustry; ilaify bybflbmf, bust`odrs hfmaalja cdbfljlja af`gmf cdomjc, b`opdtlt`rs maardsslvdfy mcclja bmpmblty B`opmjy; B`opmj y; wdmn mbb`ujtlja, p``r b`ooujlbmtl`j
=5
Rt`ry Rplj hr`o J@X ’Rtmr“ g`mrc odogdr Omralj lopr`vdodjt Wujwmy h`r O&M
Wdmflty Ljcustry; ilaify b`opdtltlvd, ujclhhdrdjtlmtdc gusljdss B`opmjy; B`opmj y; ilst`ry `h p``r O&M ljtdarmtl`j, ilst`ry `h olssdc omralj tmradts, p``r omjmadodjt
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Madjcm L.
Gmbnar`ujc
LL.
Ljvdstodjt Uilf`s`piy m)
Gusljdss
g)
Omjmadodjt
b)
Xmfumtl`j X mfumtl`j
LLL.
Ur`bdss
LX.
Ruoomry
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Omjmadodjt Hrmodw`rn Mt JN JNB, B, wd“r wd“rdd f``nlja t` gulfc m tdmo `h i`jdst, pmssl`jmtd mjc ilaify bmpmgfd omjmadrs. Qd gdfldvd m ardm dmtt omjm jmaadr bm bmj j gd ti tidd uft ftlo lomt mtdd omra ralj lj `h smh mhddty. Ardmt omjmadodjt
=
7
Bimrmbtdr
Umssl`jmtd
F`vds wimt tidy c`
2
@pdrmtl`js
Cmy t` cmy ’gf`bnlja & tmbnflja“
I`jdst
Ar`wti bmpdx & O&M
Rtrmtday
Umssl`jmtd mg`ut tid
mf`ja wlti tid gmc lj m
Qljjlja jdt jdw
’strdtbi“ a`mfs h`r tid
ljvdstodjt
bmpltmf mhtdr ar`wti
pr`cubt / sdrvlbd
h`rtirlait wmy
gusljdss wltilj dxlstlja
b`rd gusljdss
`pp`rtujltlds widrd FS
dximustdc
J` `utslzdc / rdburrlja
b`opdtdjby
mckustodjts t`
B`st dhhlbldjby &
Lt“s j`t mg`ut tid o`jdy
hljmjblmfs
B`opdjsmtl`j mflajdc wlti simrdi`fcdrs
clsblpfljd
Rdttlja & dxdbutlja
Maardsslvdfy pursulja
Bmpltmf rdturj
Cdflvdrs tid a``c jdws
B`jslstdjt dxdbutl`j
Bmpltmf Mff`bmtl`j
‖Rnmtlja t` widrd tid
W@LB : QMBB
pubn ls a`lja‟
Xmfud mbbrdtlvd O&M
Gulfclja jdw
timt cddpdjs tid o`mt
Bmpltmf dhhlbldjby (d.a.
b`opdtdjblds mjc
mjc gulfcs `ut
JQB) & clsblpfljd
ar`wti `pp`rtujltlds
mccltl`jmf b`opdtdjblds
Clsblpfljd t` rdturj
Si`uaithuf `j guygmbn vs. clvlcdjc cdblsl`j
Qidj mff tirdd dfdodjts mrd mrd b`upfdc wlti m curmgfd hrmjbilsd, wd hljc hljc slajlhlbmjt upslcd `ptl`jmflty `ptl`jmflty dxlsts ‒ mj dxp`jdjtlmf dxp`jdjtlmf ‖f`ffmpmf``zm‟= dhhdbt.
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Sid F`ffmpmf``zm Dhhdbt; 2A/MG LjGdv Lh y`u `wjdc MoGdv lj =<<< (`r LjGdv 7553 `r MG LjGdv lj 755<), w`ufc y`u imvd o`cdfd fdc c tils0 MG LjGdv (MGL GG)
2A gulft mj ljbrdclgfy subbdsshuf gddr hrmjbilsd tir`uai O&M gy;
Rlajlhlbmjtfy buttlja j`j-strmtdalb b`sts (d.a. lopfdodjtdc [GG,
=35
dxbddcdc syjdray tmradts h`r Ljtdrgrdw, Mjidusdr Gusbi, O`cdf`)
=75
Wdljvdstlja lj omrndtlja t` ‖prdoluolzd‟ grmjcs mjc tmnd prlbd
Smnlja f`bmf ’kdwdfs“ ’kdwdfs“ af`gmf ‒ fdvdrmalja b`opfdodjtmry af`gmf af`gmf
=55
=<% BMAW
95 85
clstrlgutl`j jdtw`rns (d.a. B`r`jm, Rtdffm Mrt`ls, Gdbns)
Ljj`vmtlja lj jdw pr`cubts mjc pmbnmalja (d.a. ‖jdmr gddr‟)
35
Wdcdslajlja b`opdjsmtl`j sbidods `j ’strdtbi“ tmradts
75
Rlajlhlbmjtfy buttlja jdt w`rnlja bmpltmf rdqulrdodjts
5 Omr-53
Omr-59
Omr-=7
Omr-=8
MG LjGdv DGLSCM DGLSCM (TR$ lj gj)
Grmiom
Mogdv, =<<< (Mjtmrbtlbm/Grmiom)
Ljgdv, 7553 (Mogdv/Ljtdrgrdw)
MG Ljgdv, 7559 (Mjidusdr Gusbi/Ljgdv)
RMG MG Ljgdv, 75=1D (RMG Olffdr/MG Ljgdv)
73.8
5.4
5.9
5.9
5.<
=.5
2.2
3.= ―2%
4.3 ―2%
=7.=
=2.5
=2.<
―=4%
―=7%
―=4%
=4.3
=4.4
―=9%
―7=%
=1.7
=9.4
=8.9
8.< ―4%
―7=%
―7=%
―78%
=8.1
71.2
7<.8
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Jmvlamtlja Jm vlamtlja Rdbufmr Idmcwljcs; Nmtd N mtd Rwmjj Lh y`u `wjd jdc c Q.I .I.. Ro Rolt lti i lj 7552, w`u `ufc fc y`u im imvvd o`c `cddfd fdc c til ilss0
QI Rolti ls m TN fltdrmturd mjc stmtl`jmry rdtmlfdr
Gusljdss rdsdogfds m b`ogljmtl`j `h m Gmrjds &
<.5%
Iucs`j Jdws (mlrp`rt/rmlf f`bmtl`js)
9.5%
Ilai strddt gusljdss t`pfljd sdbufmrfy bimffdjadc
Nmtd Rwmjj k`ljdc QI Rolti lj J`v 7552
Nmtd“s ljltlmtlvds;
Srlpfdc `pdrmtlja omraljs
3.5%
1%
@ptlolzdc prlblja, olx mjc but p``r RNTs
=.5%
4%
4%
Rimrds; c`wj 22% Mua 755=755=-@bt @bt 7553
Mhtdr Nmtd Rwmjj k`ljdc QI Rolti;
Dmrjljas ar`wti; ==% DGLS, =<% DUR BMAW Bmpltmf rdturj; <8% `h HBH rdturjdc vlm rdaufmr mjc spdblmf clvlcdjcs mjc `pp`rtujlstlb guygmbns
Dxdbutl`j; b`jslstdjtfy `vdr-cdflvdrlja `j rdsufts
Ljvdst`rs Ljvds t`rs ujcdrdstlomtdc Nmtd Rwmjj“s mglflty ms QI Rolti wms rdamrcdc ms m b`jsdjsus si`rt.
8%
4% 3%
3% 2% 2% =%
5.5% '5=
'57
Gdh`rd Nmtd Rwmjj k`ljdc QI Rolti; DGLS;; c`wj 34% Mua 755=DGLS 755=- @bt 7553
1%
8%
2.5%
<% 9%
4.5%
7.5%
U`st-Nmtd
8.5%
Bf`sdc rdal`jmf `hhlbds / lopr`vdc fmg`r dhhlbldjby Lopr`vdc st`rd h``tprljt mjc rdcubdc rdjtmf b`sts
Urd-Nmtd
1.5%
=5.5%
J`gfd-flnd gusljdss (Ilai Rtrddt f`bmtl`js) mjc
Rolti Jdws / Q.I. Rolti DGLS
'52
'53
'53 UH
'54
'58
'51
'59
'5<
'=5
'==
Rolti Jdws / Q.I. Rolti Rimrd Urlbd= 955
Urd-Nmtd
U`st-Nmtd
155 855
=2% BMAW
455 355 255 755 =55 5
22% Cdbfljd Rolti Jdws
Q.I. Rolti
'=7
'=2
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Tjrdmflzdc U`tdjtlmf; Wdmf`ay M a``c gusljdss oddts m hmv`rmgfd gmbncr` gmbncr`p p ‒ s` wiy c` y`u djc up wlti tidsd rdsufts rdsufts00 Wdmf`ay vs. WD/OMY
Wdmf`ay ls m rdslcdjtlmf gr`ndrmad gusljdss wlti m str`ja
b`ffdbtl`j `h wdff-nj`wj grmjcs Cdspltd m omtdrlmf lopr`vdodjt lj dxlstlja i`od smfds
=<5
sljbd tid LU@, simrds imvd sugstmjtlmffy ujcdrpdrh`rodc tid omrndt mjc lts bf`sdst pugflb pddr
=15
Qdd gdfldvd tid b`opmjy Q b`opmjy ims clsmpp`ljtdc clsmpp`ljtdc ljvdst`rs; ljvdst`rs;
Cdo`jstrmtdc ljmglflty t` b`jtr`f b`sts
Olsaulcdc b`ooujlbmtl`j `j ljbr. omraljs
Fmbn `h dxdbutl`j lj m hmv`rmgfd ljcustry ljcustry gmbncr`p
=45
WOMY up 95%+
=25
Qdmn Q dmn dmrjljas qumflty rlhd rlhd wlti mckustodjts
Dxlstlja I`od Xmfud (X`fuod Y Urlbd)
==5
=15 =85 =45
Srmjsmbtl`j cmtm up 41%...
<5
=35 =25 15
=75
…gut WFA\ hfmt sljbd LU@
==5 =55 45 =5/=5/75=7
<5 95
7 7 2 2 2 2 2 2 3 3 3 3 3 3 4 4 4 4 4 4 8 8 8 = = = = = = = = = = = = - = - = - = - = - = - = - = - = - = - = - = y f y f y f y v - r v - r v - r v - r p u p u p u p d ` j d ` j d ` j d ` j m m m K m m m K m m m K m m m O O O O
=5/=5/75=2
=5/=5/75=3 WFA\
WOMY
=5/=5/75=4
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Tjrdmflzdc U`tdjtlmf; Wdmf`ay (b`jt“c) Mt JN JNB, B, wd gdfldvd tid wmy y`u rdp`rt ls m rdhfdbtl`j `h y`ur bimrmbtdr bimrmbtdr..
Hr`o mj dmrjljas qumflty pdrspdbtlvd, Wdmf`ay (WFA\) w`ufc rmlsd m juogdr `h h fmas mt JNB
Wdc hfma #=; b`jslstdjt mckustodjts `vdr `vdr mj dlait ydmr tlod pdrl`c
Wdc hfma #7; widj mckustodjts mrd omcd, tidy mrd m omtdrlmf % `h rdp`rtdc DGLSCM
Wdc hfma #2; tid typd `h mckustodjts WFA\ omnds mrd ilaify maardsslvd 7559
Wdp`rtdc DGLSCM
755<
(=,33<)
(+) Odradr b`sts, rdstrubturlja b`sts, h`rodr pmrdjt fdamby b`sts (gdjdhlt), jdt
35
(+) F`s s (amlj) `j dmrfy dx t ljauls iodjt `h cdgt
75=5
384 21
75==
924 (25=)
(14)
75=7
332 (2) 28
75=2
=<1
75=3
842
3
5
73
89
75=4
891 (==) 31
178 (4) 39
(+) UH b`st smvljas smvljas h`r rdstrubturlja ljltlmtlvds
84
22
75
==
1
=
(+) UH dhhdbt `h gusljdss `ptlolzmtl`j ljltlmtlvds
8=
29
3<
47
2=
=8
=3
=3
=,995
23
(3)
3
(2)
2<
25
38
9
=7
3
3
(+) J`j-bmsi bimrads
(+) J`j-rdburrlja hmlr vmfud mckustodjts h`r purbimsd mbb`ujtlja
8
4
3
3
2
=
(+) UH dhhdbt `h mbqulstl`js mjc jdw hrmjbilsdds
=3
4
=2
1
4
==
(+) Mp`ff` omjmadodjt hdds
=3
=4
=4
=4
2<
(+) Ur`bddcs hr`o QDY b`jtljadjt mssdt
7
7
=7
44
(+) Ljbrdodjtmf sdburltlzmtl`j ljtdrdst b`sts
8
2
(+) @tidr
2
(+) Hdds h`r s db `jcmry dqult y `hhdrljas
7
(+) LU@ rdfmt dc b `s t s h`r t id b `jvdrt s
28=
(+) Ljb rdodjt mf s db urlt lz mt l`j ljt drds t b `s t s (+) Dxpdjsds ljburrdc lj cdgt o`clhlbmtl`j mbtlvltlds
8
4
4
3
Mck ustd c DGLSCM
841
8=<
822
41=
813
1<8
11<
934
Mckustodjts ms % `h rdp`rtdc DGLSCM
JO
22%
JO JO
7<%
JO JO
77%
=2%
=8%
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Tjrdmflzdc U`tdjtlmf; Mnz` J`gdf Cdsplt Cdsp ltdd su supp pp`rt `rtlv lvdd lj ljcu cust stry ry hu hujc jcmo modj djtm tmfs fs,, Mn Mnz` z` J`g `gdf df im imss om omtd tdrl rlmf mffy fy uj ujcd cdrpd rpdrh rh`r `rod odc c lt ltss pd pddr drss `v `vdr dr ti tidd pmsst =8 ydm pm dmrs rs..
Mnz` J`gdf ls m cdb`rmtlvd cdb`rmtlvd mjc ljcustrlmf ljcustrlmf b`mtljas omjuhmbturdr omjuhmbturdr prlomrlfy lj Dur`pd Dur`pd @vdr tid pmst =4+ =4+ ydmrs, wd gdfldvd Mnz` J`gdf ims hmbdc m juogdr sdfh-ljhflbtdc bimffdjads ljbfuclja;
Gf`mtdc hlxdc b`st strubturd mjc wdmn ljtdrjmf bufturd `h omjmalja dxpdjsds
U``r O&M (j`tmgfy tid~$=8g TRC mbqulsltl`j `h LBL lj 7551) mjc bmpltmf mff`bmtl`j cdblsl`js (d.a. g`rr`wlja t` pmy clvlcdjcs)
Ilst`ry `h p``r dxdbutl`j mjc b`jslstdjt c`wjwmrc dmrjljas“ rdvlsl`js Qdmn Q dmn HBH b`jvdrsl`j b`jvdrsl`j mjc dmrjljas qumflty qumflty
=,355
MN[M JM
=,755
Gusljdss
=,555 955 855
% Mgs Wdturj
% BMAW
RIQ
= 5 9 =%
= 1%
XMF
455%
=7%
UUA
792 %
<%
74%
=%
MN[M JM
UUA
RIQ
XMF
355 755 5 Mpr-55
Mpr-5=
Mpr-57
Mpr-52
Mpr-53
Mpr-54
Mpr-58
Mpr-51
Mpr-59
Mpr-5<
Mpr-=5
Mpr-==
Mpr-=7
Mpr-=2
Mpr-=3
Mpr-=4
Mpr-=8
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Tjrdmflzdc U`tdjtlmf; Mnz` J`gdf (b`jt“c) Mnz` J`gdf ims fmaadc lts pddrs lj dmrjljas qumflty qumflty,, wilfd tid sdbt`r“s str`jads str`jadstt pdrh`rod pdrh`rodr, r, Ridrwlj Qlfflmos, ims b`jslstdjtfy pr`cubdc tid ilaidst qumflty hljmjblmfs. Mckustdc Dmrjljas Dmrjljas vs. AMMU Jdt Jdt Ljb`od Mckustdc Dmrjljas vs. vs. AMMU Jdt Jdt Ljb`od; AMMU
jdt ljb`od ms % `h mckustdc jdt ljb`od =25%
MN[M JM
RIQ
XMF
HBH B`jvdrsl`j
HBH B`jvdrsl`j; HBH ms m % `h mckustdc jdt
ljb`od
UUA
MN[M JM
774%
=75%
RIQ
XMF
UUA
Mzn` HBH b`jvdrsl`j `jfy 2% =14%
==5%
Ar`up Mvdrmad
=55%
Ar`up Mvdrmad
=74%
<5% 14% 95% 15%
74%
85% 75=5
75==
75=7
75= 2
75=3
75=4
Mvdrmad
75=5 -74%
-14%
75==
75=7
75=2
75=3
75=4
Mvdrmad
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Madjcm L.
Gmbnar`ujc
LL.
Ljvdstodjt Uilf`s`piy m)
Gusljdss
g)
Omjmadodjt
b)
Xmfumtl`j
LLL.
Ur`bdss
LX.
Ruoomry
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Xmfumtl`j; X mfumtl`j; Adt tid Gusljdss Wlait Xmfumtl`j ls j`t m sbldjbd gut wd mppr`mbi lt wlti m f`ja-tdro `rldjtmtl`j mjc mj `gsdssl`j wlti Xmfumtl`j gusljdss gusl jdss hujc hujcmodj modjtmfs. tmfs. Rlopflhldc vmfumtl`j hrmodw`r hrmodw`rn n
Wdturjs ? Clvlcdjc \ldfc + Dmrjljas Ar`wti + Ouftlpfd Wd-rmtlja/Cd-rmtlja Rtr`jafy cd-dopimslzd
JNB H`bus
Wdljvdstodjt Wmtd Y W@LB
Lj iujtlja h`r f`ja-tdro b`op`ujcdrs, JNB“s JNB“s mppr`mbi gdb`ods `gsdssdc wlti gusljdss qumflty (W@LB, rdljvdstodjt mjc curmglflty) mjc clsb`ujts omrndt pdrbdptl`j
@ur omjtrm; Adt tid gusljdss rlait
Hrdd bmsi hf`w h`bus
Qdd mrd omjlmbmffy Q omjlmbmffy h`busdc `j hrdd bmsi hf`w ms g`ti m odmsurd odmsurd `h dmrjljas qumflty mjc m vmfumtl`j t``f J` ljvdstodjt wd omnd wlff gd crlvdj gy; DGLSCM ouftlpfds, R@SU mjmfysls `r rdfmtlvd vmfumtl`j
Ljvdstodjt i`rlz`j
Qdd f``n mt mff ljvdstodjts Q ljvdstodjts `vdr `vdr m 4 mjc =5 =5 ydmr i`rlz`j
Qdd gdjdhlt hr`o tid dhhdbts `h f`ja-tdro Q f`ja-tdro b`op`ujclja wilfd wilfd rdcublja tid mjjumflzdc mjjumflzdc lopmbt `h hfubtumtlja omrnd omrndtt ouftlpfds
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
DGLSCMU ≥ HBH; Adjdrmf O`t`rs Qimt“s tid vmfud `h m gusljdss timt adjdrmtds j` bmsi0 Qd h`bus `j hrdd bmsi h f`w ms m vmfumtl`j t``f.
AO fmgdfdc m b`opdfflja gmramlj lj 75==
Guffs supp`rtdc vmfumtl`j wlti;
Mttrmbtlvd huturd huturd clvlcdjc yldfc
Gmramlj DX/DGLSCMU ouftlpfds
B`opdfflja rdfmtlvd vmfud vs. H`rc
Clsb`ujt t` R@SU mjmfysls
DGLSCMU vs. HBH 24,555 74,555 =4,555 4,555 (4,555)
@vdr 4 ydmrs, simrds imvd hljlsidc h ljlsidc c`wj =2% curlja `jd
(=4,555)
`h tid ardmt RMMW rdb`vdrlds lj ilst`ry (+35%)
(74,555)
DGLSCMU omrbidc 25% ilaidr.. gut j` HBH
75=5
75==
… wlti DGLSCMU ~25% ilaidr
DGLSCMU
TR Mut` RMMW =9 =1 =8 =4 =3 =2 =7 == =5 < 9
RMMW r`sd ~35%
75=7
75=2
75=3
75=4
Hrdd Bm Bmsi Hf Hf`w
AO Rimrd Urlbd =25 =75 ==5 =55 <5 95 15
AO“s simrd prlbd ims h`ff`wdc h`ff`w dc tid bmsi
85 5 = = = = 7 7 7 7 2 2 2 2 3 3 3 3 4 4 4 4 8 8 = = = = = = = = = = = = = = = = = = = = = = - = y y y y y y v g a v - a v - a v - a v - a v - d m u ` g d m u ` g d m u ` g d m u ` g d m ` d m u ` g H H H H H H M M M M M J O J O J O J O J O J O
45 35 J
=5
J
==
J
=7
J
=2
J
=3
J
=4
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Madjcm L.
Gmbnar`ujc
LL.
Ljvdstodjt Uilf`s`piy m)
Gusljdss
g)
Omjmadodjt
b)
Xmfumtl`j X mfumtl`j
LLL.
Ur`bdss
LX.
Ruoomry
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Ur`bdss Hrmodw`rn Qd strlvd t` c` ardmt w`rn mjc stmy ljtdffdbtumf Qd ljtdffdbtumffy fy i`jdst. Lcdms mrd clfladjbdc mjc o`cdfdc gy mff pmrt rtj jdrs ‒ dmbi lcdm `h JNB ls ‖`ur‟ lcdm.
Lcdm Adjdrmtl`j H`bus
Clfladjbd Ljltlmf hmbt hljclja
Ad`armpilb; J`rti Modrlbm, Qdstdrj
Rtucy =5-ydmr ilst`rlbmf hljmjblmf cmtm
Dur`pd
Tjcdrstmjc tid db`systdo; Wdmc pugflb
Wdspdbt h`r simrdi`fcdr
& prlvmtd b`opmjy/b`opdtlt`r/
bmpltmf, trustdc hljmjblmfs,
suppfldr/bust`odr rdp`rts, trmjsbrlpts,
ilai qumflty b`opmjlds, s`pilstlbmtdc omjmadodjt
O`jlt`rlja Lcdms timt ’br`ss tid hljlsi fljd“
Rlzd; 6$25gj
Rpdmn t` b`opmjlds up mjc c`wj tid
Sid glaadst gmttfd ls wlti y`ursdfh
B`jtlju`usfy trmbn p`rth`fl`
Rtrlvd h`r ljtdffdbtumf i`jdsty
ljvdstodjt (dmrjljas bmffs, jdws,
Ls tid tidsls pr`ardsslja ms wd
b`jhdrdjbds, dtb.)
mjtlblpmtdc0 Ims mjytilja
B`jtlju`usfy trmbn b`opmjlds wltilj
hujcmodjtmffy bimjadc0
Mrd dmrjljas b`op`ujclja mt tid rmtd
prdsdjtmtl`js mjc hlfljas
`ur ljvdstodjt“s db`systdo
suppfy bimlj, h`rodr sp`js`rs,
Oljd tid ljcustry trmcd rmas, cmtm
Lcdms timt adt pfmbdc `j tid wmtbiflst
gmjns, tid ljtdrjdt mjc sdff-slcd
ljcustrlds, mjc omjmadrs
rdsdmrbi h`r prlomry cmtm
b`opmjlds timt odt `ur ljvdstodjt
Oljd tid ljtdrjdt h`r omjmadodjt
brltdrlm gut hdff si`rt `h `ur rdturj
ljtdrvldws
tirdsi`fc
bust`odrs, b`opdtlt`rs, `tidr ljtrm-
Gmfmjbd `vdrrdmbtlja mjc ujcdrmpprdblmtlja g`ti p`sltlvd mjc jdamtlvd cdvdf`podjts
Fdamby nj`wfdcad `j gusljdssds, Dxpf`rlja db`systdo (suppfldrs,
wd imc h`rdbmstdc0
ljclvlcumf gusljdss `wjdrs R`urblja
Wdh fdbtl`j
Ls tidrd m wmy t` lopr`vd `ur pr`bdss `r pilf`s`pilbmf hrmodw`rn0
Mbtlvdfy h`ff`w m sdfdbt ar`up `h
ljcustry vdrtlbmfs, mckmbdjt ljcustrlds)
`h prdvl`usfy s`urbdc b`opmjlds
Lcdjtlhy & mjswdr ndy qudstl`js
Rbrddjs (d.a. jmod gy jmod, ilst`rlbmf
SRW, ilst`rlbmf ar`wti, dtb.)
Udrh`ro rdfdvmjt mjmfysds, bidbns, rdmclja, dtb. t` mjswdr ndy qudstl`js
Rtucylja gusljdssds, omjmadrs mjc
O`cdf tid gusljdss 4-=5 ydmrs h`rwmrc
ljvdst`rs wd mcolrd
Lcdjtlhy m tmradt prlbd h`r ljvdstodjt
Qdd jddc t` gulfc b`jvlbtl`j Q b`jvlbtl`j t` wltistmjc wltistmjc tid ljhfudjtlmf tdopdrmodjt `h ’Or. ’Or. Omrndt'.
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Clfladjbd Bmsd Rtucy; G`yc G `yc Ljb`od Hujc (G\C (G\C BJ) Lcdm Adjdrmtl`j Rbrddjlja; ‖Qdff, stmrt wlti tid M“s‟=
Clfladjbd
Dstmgflsi m flst `h MFF b`opmjlds gdtwddj $45oo $45oo - $=5g omrndt omrndt bmp lj
T.R., Bmjmcm, mjc TN (~7,<55 t`tmf) timt oddt `ur ljcustry l jcustry b`opdtdjby (d.a.
Wdmc mff qumrtdrfy dmrjljas trmjsbrlpts
Dmrjljas bmffs, b`jhdrdjbd prdsdjtmtl`j,
B`jtlju`us qudstl`js wd msn `ursdfvds
Qlff b`js`flcmtl`j b`jtljud t` pfmy `ut
Mrd wd rlait mg`ut tid lopmbt `h
mjjumf oddtljas
ms wd mjtlblpmtd0
Tjcdrst``c b`opdtlt`rs mjc tidlr
B`opdtlt`rs t` h`bus `j lj G\C BJ“s
b`fflsl`j prdvdjtl`j tdbij`f`ay `j tid
ilst`ry (tirdd omk`r prlvmtd dqulty
db`systdo
ljcustry0
A` jmod gy jmod mjc sdfdbt
`wjdc b`opdtlt`rs, `jd omk`r
hrmjbilsd b`opdtlt`r)
lcdms cdsdrvd tid o`st mttdjtl`j) Ljslait
Rtucldc tid pugflb db`systdo; stucldc
mttrmbtlvd t` us; =) dmsy t` ujcdrstmjc
b`opdtlt`rs & djamadc wlti hrmjbilsd
gusljdss 7) str`ja trmbn rdb`rc `h
b`opdtlt`r
bfdmj hljmjblmfs
p`wdr `h tid fmrad ljsurmjbd b`opmjlds0
G\C BJ
Rp`nd t` rdfdvmjt b`jtmbts mt
Mut` cdmfdrs; pdrh`ros dmrfy o`cdf rdpmlr w`rn
FN] (FN]); clstrlgutl`j gusljdss t` b`fflsl`j rdpmlr ljcustry
b`opdtlt`rs
Rjmp-@j (RJM); t``fs suppfldr t` b`fflsl`j rdpmlr ljcustry
Sid pmrtjdrs imc mfs` spdjt tlod `j
Rp`nd t` G\C BJ omjmadodjt & LW
`tidr vdrtlbmfs wltilj tils sdbt`r
Udrh`rodc sltd vlslt t` tirdd
@tidr o`jlt`rlja t``fs
ljcdpdjcdjt g`cy si`ps
Lt imc mff tid mttrlgutds `h m p`tdjtlmf b`op`ujcdr
Mrd wd ujcdrdstlomtlja tid jda`tlmtlja
O`jr` Ouhhfdr (OJW@); odbimjlbmf rdpmlr si`p lj mckmbdjt ljcustry t`
Rtucldc tid prlvmtd db`systdo; cddp
Rdrvlbd Nlja, MGWM, Bmflgdr
mut` mhtdromrndt clvd `j ujlt db`j`olbs h`r =4+ prlvmtd
Urlvmtd dqulty `wjdc b`opdtlt`rs;
75+ pugflbmffy trmcdc b`opmjlds lj
@j hlrst pmss, G`yc Ljb`od Hujc wms
ilst`rlbmf DGLSCM ar`wti mjc SRW 2)
Srmbn G\C BJ“s pr`ardss
hljmjblmfs
Wdh fdbtl`j
j` utlfltlds)
`ramjlzdc gy tldrs (d.a. Sldr = p`tdjtlmf
O`cdfdc & stucldc =5 ydmr ilst`rlbmf
a`lja gmbn =5 ydmrs
b`opmjlds t` hurtidr ljvdstlamtd
O`jlt`rlja
Rugsbrlgd t` B`fflsl`j Qddn Mttdjc rdfdvmjt ljcustry b`jhdrdjbds
Sid w`r `rn n ls jd jdvvdr hl hlj jls lsid idc. c. Qd b` b`jt jtlj lju ud t` cd cdddpd pdj j `ur uj ujcd cdrs rstm tmjc jclj ljaa `h tid gu gusslj ljddss & db` b`ssys ysttdo.
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Clfladjbd Bmsd Rtucy; Uugflb Db`systdo (G\C BJ) Rtucylja, mjmfyzlja mjc o`cdflja `tidr pugflb b`opmjlds lj G`yc“s db`systdo idfps us gulfc `ur o`sm smlb lb mj mjc c gd gdb` b`o ods m s`u `urrbd h`r jd jdw w lc lcddms ms.. Mut`o`tlvd Wdpmlr Omrndt
d p m b s c j m f d i t y h l t j d c L
$7=2 Gj C` Lt H`r Od (CLHO)
CL\
$=84 Gj
$39 Gj
B`fflsl`j
Fmg`r
Od bimjlbmf
Fmg`r
$77 $7 7 gj
$=9 Gj
$=74 Gj
$41gj
Qi`fd smfd
Omrnup
Qi`f dsmfd
Omrnup
$=4 $= 4 gj
$1 gj
$38 gj
$1 gj U`tdjtlmf jdw lcdm
s d l j m p o ` b b l f g u p f f m y c u t R
B`fflsl`j Cl strl gutl`j
Mut` Cdmf drs
FN] B FN] B`rp Tjl― Rd f d bt Hd j l x
FN] TJR BJ HDJY
Mhtdromrndt Umrts Omjuhmbturlja
Bmromx
B`f fl sl `j Wdpmlr NOY
G`yc Ar`up
G\C BJ
M ut`Jmtl `j
MJ
Rd rvl bd Nl ja
Url vmtd
Ar`up= M ut`o`tl vd
AUL
M GWM
Url vmtd
Bmf l gd r
Url vmtd
R`jlb M ut`o`tl vd
RM I
Msgury Ar`up
MGA
C``romj Ur`cubts
C@WO
Fl til m O`t`rs
FM C
O`t`rbmr Umrts `h M `h M od rl bm
OUMM
U d jsnd M ut`o`tl vd
UM I
Odbiljlbmf Wdpmlr O`jr` Ouh h f d r Ommb`
Wdpmlr S``fs & Sdbij`f `ay
Od bil jl bmf Clstrlgutl`j
Rjmp @j
RJ M
Ad jul jd Umrts
LSQ
LSQ
@'Wd l f f y Mut`o`tl vd
BCN Af `gmf
BCN
M ut`[`jd
OMOR R`h twmrd
OM OR
Cd mf d rSrmn
Url v mtd
R f
Ul
t
M cvmjbd Mut` Umrts Ud pG`ys
AUB @WF\
OJW@ Url vmtd
Od l jd nd
Url vmtd
A``cyd mr
Url vmtd
Hl rd st`jd
Url vmtd
M[@
Ol cms
Url v mtd
MM U
Ud pG`ys
Url vmtd
Url vmtd
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Madjcm L.
Gmbnar`ujc
LL.
Ljvdstodjt Uilf`s`piy m)
Gusljdss
g)
Omjmadodjt
b)
Xmfumtl`j X mfumtl`j
LLL.
Ur`bdss
LX.
Ruoomr y
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Ruoomry; B`rd Ljvdstodjt Sdjdts Gusljdss; H`bus `j tid cdpti mjc curmglflty `h tid ’o`mt“, j`t ljcustry ar`wti. Sid ndy t` ljvdstlja ls j`t mssdsslja i`w oubi mj ljcustry ls a`lja t` mhhdbt s`bldty, `r i`w oubi lt wlff ar`w, gut rmtidr cdtdroljlja tid b`opdtltlvd mcvmjtmad `h mjy alvdj b`opmjy mjc, mg`vd mff, tid curmglflty `h timt mcvmjtmad. =
Omjmadodjt; Hljc i`jdst mjc pmssl`jmtd omjmadrs wlti w lti m trmbn rdb`rc `h vmfud brdmtl`j. R`odg`cy `jbd smlc timt lj f``nlja h`r pd`pfd t` ilrd, y`u f``n h`r tirdd qumfltlds; ljtdarlty, ljtdarlty, ljtdffladjbd, mjc djdray. djdray. Mjc lh y`u = c`j“t imvd tid hlrst, tid `tidr tw` wlff nlff y`u.
Xmfumtl`j; X mfumtl`j; Adt tid gusljdss gusljdss rlait. Mj ljvdst`r ljvdst`r bmjj`t `utruj tid hujcmodjtmfs `h tid gusljdss. @vdr tid f`ja tdro, lt's imrc h`r m st`bn t` dmrj m oubi gdttdr rdturj timj tid gusljdss wilbi ujcdrflds lt dmrjs… lh m gusljdss dmrjs =9% `j bmpltmf `vdr 75 `r 25 ydmrs, dvdj lh y`u pmy mj dxpdjslvd f``nlja prlbd, y`u'ff djc up wlti m hljd rdsuft. 7
Ur`bdss; Iujt h`r tid jdxt ardmt hrmjbilsd. Adt 'do widj tidy'rd flttfd. H`r dxmopfd, guy Qmf-Omrt Qmf-Omrt widj Rmo Qmft`j Qmft`j hlrst a`ds pugflb mjc s` h`rti... Mjc lt's m vdry gdaulflja lcdm. Lh L wdrd m y`uja omj, L olait mbtumffy a` ljt` lt. 7
U`rth`fl` Omjmadodjt; C`j“t hdmr b`jbdjtrmtl`j. Mff y`u jddc h`r m flhdtlo flhdtlodd `h subbdsshuf subbdsshuf ljvdstlja ljvdstlja ls m hdw hdw gla wljjdrs, wljjdrs, mjc tid tid pfusds hr`o hr`o ti`sd wlff wlff `vdrwidfo tid tid oljusds hr`o 2 tid st`bns timt c`j“t w`rn `ut.
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
Bf`slja Si`uaits Qd“rd Q d“rd b`jtlju`us stucdjts stucdjts `h ljvdstlja. ljvdstlja. Sils ls `ur pmssl`j. @ur ljvdstodjt ljvdstodjt pilf`s`piy pilf`s`piy ls mj `utar`wti `utar`wti `h j`t `jfy `ur pr`hdssl`jmf pr`hdssl`jmf ljh ljhfudjbds, fudjbds, gut o`rds` o`rds` `ur olstmnds. Sidrd mrd j` aumrmjtdds. Qd“vd omcd pfdjty `h olstmnds mjc wd wlff omnd pfdjty o`rd. Qd“rd j`t jmàvd t` tid pdrlfs `h mbtlvd omjmadodjt. Gut wd“rd dxbltdc mg`ut tid hrmodw`rn hrmodw`rn wd“vd gulft. Qd“rd dxbltdc mg`ut tid lcdms timt wd gdfldvd dog`cy `ur hrmodw`rn. hrmodw`rn. Mjc wd gdfldvd gdfldvd wd bmj gulfc mj djcurlja djcurlja f`ja-tdro pmrtjdrsilp.
RSWLBSF\ B@JHLCDJSLMF & UW@UWLDSMW\ UW@UDWS\ @H JN BMULSMF FFB
B`jtmbt Ljh`romtl`j
Jlnilf Cmhtmry jlnilfEjnbmpffb.b`o Nrlsi Cmhtmry nrlsiEjnbmpffb.b`o
Mccrdss; 191 1ti Mv Mvdjud djud 39ti Hf``r Jdw \`rn, J\ =55=< Ui`jd; (7=7) (7= 7) 844844-5= 5=22 22
