SEBON Annual Report - 2002 - 2003en

SEBO
Annual Report 2002/03
Securities Board, Nepal

(Established by HMG/N under the Securities Exchange Act, 1983)
Annual Report
Fiscal Year 2002/2003

1
SEBO
1.
Brief Economic Outline

1.1
Global Economy
The world economy which went through slackness in 2001, showed some improvement in 2002
as the growth rate during the year increased to 3.0 percent. This may be attributed to the
improvement in trading of goods and services. International Monetary Fund (IMF) has estimated
the world economic growth rate to increase by 0.2 and reach to 3.2 percent in 2003 even though
problems like slackness in world trade and industrial production, contraction in the share markets,
Iraq war, SARS attack etc. were noted in the beginning of this year.
The economic growth rate of the developed countries in 2002 has marginally increased in
comparison to 2001 and reached to 1.5 percent. Likewise, the economic growth rate of the
developing countries has also increased and reached to 4.6 percent in 2002. The growth rate of
both these economies has been estimated to increase further in 2003.
In 2002, some improvement was seen in the economy of South Asian countries compared to that
of 2001. However, the economic growth rate of India and Pakistan in 2002 was marginally lower
than the estimated one. Compared to 2001, the economic growth rate of Bangladesh has
decreased to 4.4 percent in 2002. The growth rate of all these three countries had been estimated
to increase in 2003.
Table 1: Economic Growth
(Annual Growth Percent)
Year
S.N.
Economy
2001
2002
2003*
Global Product
2.3
3.0
3.2
Developed Economies 1
1.1
1.5
1.6
Developing Countries
3.9
4.6
5.0
China
7.3
8.0
7.5
4.1
4.7
5.1
South Asia
India
4.2
4.9
5.1
Bangladesh
5.3
4.4
5.2
Pakistan
3.6
4.6
5.0
Source: Economic Survey 2002/03

*
2
Estimated
Bangladesh, India, Maldives, Nepal, Pakistan, Sri Lanka.
USA, Japan, Germany, France, UK, Canada
SEBO
1.2
Nepalese Economy
The Nepalese economic growth rate in the fiscal year 2001/02 was estimated to be 0.8 percent,
which was later revised to -0.5 percent. In that year, almost all the economic indicators showed
slackness. In the fiscal year 2002/03, some improvement in the economy was noted along with
the improvement in the indicators like gross national income, savings, investment and
consumption and it is estimated that the economic growth rate has increased by 2.3 percent.
Table 2: Nepalese Economic Indicator
(Producers' Current Price)
Fiscal Year
S.N.
Indicator
2000/01
2001/02
2002/03
Economic Growth Rate (Percent)
4.8
-0.5
2.3
Gross Domestic Product (Growth rate)
8.1
2.7
5.9
Gross National Income (Rs. in Million)
426458
439708
468921
Gross National Saving (Rs. in Million)
77202
68122
73336
Gross Domestic Saving (Rs. in Million)
61030
49807
50592
Total Investment (Rs. in Million)
98313
103617
116266
Total Consumption (Rs. in Million)
349257
371526
395585
Foreign Trade# (Rs. in Million)
114253
104788
113710
(Rs. in Million)
76353
69840
80160
(Rs. in Million)
37901
34948
33550
Total Fixed Capital Formation (Growth rate)
6.4
4.1
5.2
a. Fixed Capital Formation in Private Sector
-0.30
5.3
9.8
b. Fixed Capital Formation in Public Sector
18.40
2.5
-1.8
9.2
4.1
12.1
-4.4
4.6
24.6
(Growth rate)
13.0
-4.0
-8.7
(Growth rate)
10.9
4.4
11.0
a. Import
b. Export
Total Loan of Commercial Banks

10
(Growth rate)
a. To HMG/N# (Growth rate)

b. To Public Sector
c. To Private Sector
Source: Economic Survey 2002/03

#
Up to the end of Falgun
Revised Estimate
Preliminary Estimate
In the first eight months of the fiscal year 2002/03, the total foreign trade increased in comparison
to that of the first eight months of the last fiscal year. However, in the fiscal year 2002/03, total
import being higher than total export, the total trade deficit increased by 33.5 percent and reached
Rs. 46610.00 million.
SEBO
Some indications of improvement were observed in the trend of total capital formation. The total
fixed capital formation was estimated to increase by 5.2 percent in fiscal year 2002/03 as against
4.1 percent in the fiscal year 2001/2002. The fixed capital formation of the private sector was
estimated to increase by 9.8 in the fiscal year 2002/03, whereas that of private sector was
estimated to decrease by 1.8 percent. The increase in fixed capital formation of public sector and
private sector were 5.3 and 2.5 percent respectively. The ratio of total fixed capital to the GDP in
the fiscal year 2002/03 remained at 19.2 percent, which is marginally lower than that of the fiscal
year 2002/03.
Among the monitory indices, total credit and investment of the commercial banks rose by 12.1
percent during the period of first eight months of the fiscal year 2002/03 compared to that of 4.1
of the fiscal year 2001/02. Of the total credit and investment, level of credit to HMG/N from
commercial banks during this period rose by 24.6 percent, which had increased by 4.6 in the same
period of the fiscal year 2001/02. During the review period of this fiscal year, the credit to the
Government Enterprises decreased by 8.7 percent in comparison to the decrease of 4.0 percent
during the corresponding period of the fiscal year 2001/02, while the credit to the private sector in
the same period of this fiscal year rose by 11.0 percent as compared to that of 4.4 percent during
the corresponding period of the fiscal year 2001/02.
SEBO
2.
HMG/N Policies and Programmes

HMG/N after adopting liberalized economic policy has been initiating different programmes for
the organized development of securities market. In this context, during the period of Eighth Five
Year Plan (1992-1997), some infrastructures regarding the securities market regulation were
prepared. In the Ninth Five Year Plan period (1997-2002), efforts were made to develop an
organized and credible market. While implementing the programmes of Ninth Five Year Plan,
HMG/N through the budget speech of 2000/01, announced the programmes to amend Securities
Exchange Act, initiate necessary steps to bring wider participation in the stock exchange and
make its operation more transparent. Similarly, the budget speech had also included the
programme to take legal action against those listed companies, not publishing and submitting
their audited financial statements of last two years. Accordingly, 25 companies were de-listed for
not publishing their financial statements and not paying annual listing fees to the stock exchange.
However, other programmes like amendment of Securities Exchange Act, standardizing stock
exchange etc., which were perceived to be more important for the securities market development,
could not move ahead concretely.
In the fiscal year 2001/02, HMG/N came with the 10th Five Year Plan (2002-2007), which
among others also includes various programmes for securities market development. The objective
of the securities market development programme is to increase public ownership in the
development projects operated by private sector and promote industries by supplying financial
resources through securities as well as increase employment opportunities and fulfill the capital
requirements to the development projects operated by HMG/N, government enterprises and
municipalities issuing debentures in the securities market thereby reducing foreign loan. To meet
these objectives, it has taken the policy of modernizing stock exchange, strengthening the
regulatory system of the securities market, widening the participation of the stock exchange and
making it dynamic, transparent, credible and investor friendly and developing the securities
market as an important sources of long-term financing by increasing its depth and breadth. It has
incorporated the programmes of making public issue effective, enhancing regulatory capability of
SEBO, making the securities trading process standard and credible, creating a state of transferring
ownership immediately after transaction, diversifying securities market instruments, attracting
institutional investors, protecting investors interest, expanding the securities market services
nationwide and improving the compliance and integrity of the market.
Securities Market Programmes in 10th Plan (2059-2064)
a)
Objectives
To increase public ownership through shares in the development projects to be operated by
private sector and to provide returns of such projects.
To promote industry and trade by supplying the required financing in competitive cost and to
increase employment opportunities.
To issue bonds through securities market to meet the mid-term and long-term financing
required by development projects to be operated by HMG/N, government enterprises and
municipalities, thereby gradually reducing the foreign loan.
SEBO
b)
Quantitative Goals
To increase number of investors investing in share capital of corporate bodies to at least 3
percent of total population.
To raise at least Rs.5000 million for the corporate bodies through primary market of securities.
To increase the amount of securities trading to at least Rs.10000 million.
To increase the value of total market capitalization to at least 15 percent of total GDP.
To list additional 40 corporate bodies in the stock exchange.
c)
Strategies
1.
2.
d)
Modernizing the stock exchange.

Making the securities market regulatory system more effective.
Policies and Working Policies

Modernization of stock exchange (Related to strategy 1).
To make corporate sector dynamic and broad based and to develop effective and investor
friendly role of securities market regulators.
To increase allocational and operational efficiency of securities markets.
To make securities market mechanism fully transparent and credible.
Effective securities market regulatory system (Related to strategy 2).
To develop and expand securities market as an important source of long-term funds.
To increase depth and breadth of securities market.
e) Programmes and Implementation Structure

Establish one window policy for public issue through SEBO and enhance capability of SEBO.
Arrange for the immediate ownership transfer of securities.
Develop simplified issue and trading system for the securities of privatized government
enterprises.
Constitute a permanent committee with representation of Ministry of Finance, Nepal Rastra Bank,
SEBO and Insurance Board for the co-ordinated development of healthy and competitive
financial market as well as for the development of unified financial regulator in the future.
Expand securities exchange facilities in the other places of the country considering its feasibility
for the savers residing there.
Develop clear regulatory benchmark of SEBO and NEPSE.
Make the securities trading process and financial statement of the issuer companies more credible
and transparent.
Implement codes of conduct for securities regulators, employees of stock exchange, directors,
managers, auditors and advisors of the corporate bodies and for the securities businesspersons.
Provide training and education on different aspects of securities market and make institutional
arrangement for regular research and study.
Make provision to take insider trading as a criminal offence so as to control such trading.
Make necessary legal provision for securities trading through nominee system.
Make necessary arrangement for SEBO to take membership of International Organization of
Securities Commission (IOSCO).
SEBO
Privatize NEPSE and develop it as a self-regulatory organization following good governance

practices.
Establish central depository system for immediate ownership transfer of securities and to protect
investors from frauds that may occur on securities trading.
Provide incentives for the promotion of companies having wider ownership and good governance
practices.
Make legal provision to encourage mutual funds, debentures and securitization.
Make arrangement for the trading government bonds in the stock exchange and provide
benchmark and liquidity.
Develop appropriate legal provision to encourage entry of contractual savings in to capital market
as well as develop regulatory system of such instruments under securities jurisdiction.
Simplify entry and exit process of securities businesspersons by following prudential norms.
Assist ICAN for the establishment of international accounting system and establish and operate
disclosure review system of issuing companies.
Gradually automate securities trading of NEPSE as per feasibility.
Expand present centralized floor trading system, establish OTC market and develop trading
system that can accommodate trading for local areas.
Make clearing and settlement system of securities transparent and establish and/or utilize central
depository system of securities for clearing and settlement.
SEBO
3.
Securities Board (SEBO)

3.1
Establishment
SEBO was established as an apex regulator of the securities market in Nepal by HMG/N on June
7, 1993, under the Securities Exchange Act, 1983.
3.2
Objective
The main objective of SEBO is to regularize and manage the securities market and protect
investors' rights.
3.3
Function
As per the securities rules and regulations, following are the major functions of SEBO.
3.4
Frame policies and programmes required in securities market and advice HMG/N in
this aspect.
Register securities and grant issue approval.
Provide license to corporate bodies to operate stock exchange business.

Provide license to operate securities businesses.
Supervise and monitor stock exchange and securities businesspersons.

Conduct research, study and awareness programmes regarding securities market.
Organization
A Board composed of seven members including a Chairman governs SEBO. The board has
representatives from various institutions of the government as well as private sector. The
Chairman of SEBO is appointed by HMG/N for the tenure of four years. Other members of the
Board include representatives one each from Ministry of Finance, Ministry of Law, Justice and
Parliamentary Affairs, Ministry of Industries, Commerce and Supplies, Nepal Rastra Bank (the
central bank), Federation of Nepalese Chambers of Commerce and Industries and Nepal
Chartered Accountants' Association.
SEBO, in order to implement its policies and programmes effectively, has two departments, six
divisions and ten sections in its organizational structure. Each department is headed by deputy
director and each division by officer. Presently, there are 25 staffs in SEBO. The organizational
structure of SEBO is presented in appendix-2.
SEBO
4.
Highlights of the SEBO's Activities

4.1
Improvement in Organizational Structure
In the context of possible enactment of new securities bill and implementation of corporate and
financial governance project, SEBO reviewed its organizational structure and made some
improvement in it.
4.2
Public Issue Approval
In this fiscal year, SEBO registered the securities of 17 companies consisting of 3 banks, 12
finance companies and 2 insurance companies and approved the issuance of securities amounting
to Rs. 813.74 million. In the last fiscal year, SEBO granted issue approval to 16 different
companies to raise Rs. 1416.63 million.
Table 3: Public Issue Approval
Amount
S.N.
Name of the Company
Types of
Securities
Date of
Approval
Life Insurance Corporation (Nepal) Ltd.
Ordinary Share
22/07/2002
50.00
Nepal Srilanka Merchant Bank Ltd.
Ordinary Share
23/07/2002
40.00
NIDC Capital Market Ltd.
Mutual Fund
09/08/2002
100.00
Nepal Investment Bank Ltd.
Rights Share
19/08/2002
57.24
Janaki Finance Co. Ltd.
Ordinary Share
28/08/2002
8.00
Central Finance Co. Ltd.
Ordinary Share
17/09/2002
8.00
Navadurga Finance Co. Ltd.
Ordinary Share
04/12/2002
8.00
Premier Finance Co. Ltd.
Ordinary Share
24/12/2002
8.00
Machhapuchere Bank Ltd.
Ordinary Share
31/12/2002
165.00
10
Nepal Share Markets & Finance Ltd.
Rights Share
06/01/2003
60.00
11
Mahalaxmi Finance Ltd.
Rights Share
12/02/2003
25.00
12
NB Insurance Co. Ltd.
Ordinary Share
02/04/2003
20.00
13
Peoples Finance Ltd.
Rights Share
05/05/2003
20.00
14
Butwal Finance Ltd.
Ordinary Share
22/05/2003
20.00
15
Om Finance Ltd.
Ordinary Share
18/06/2003
8.00
16
Laxmi Bank Ltd.
Ordinary Share
30/06/2003
192.50
17
Standard Finance Ltd.
Ordinary Share
01/07/2003
24.00
Total
(Rs. in Million)
813.74
In this fiscal year, SEBO also approved the additional sale of units of Citizen Unit Scheme
amounting to Rs. 40.68 million.
SEBO
4.3
Renewal of Stock Exchange and Securities Businesspersons
SEBO renewed the license of NEPSE for the fiscal year 2002/03 on 23 rd September 2002. As per
the Securities Exchange Regulation, 1993, the organization operating stock exchange should
renew its license within six months after the expiry of the fiscal year.
Similarly, as per the provision of Securities Exchange Act, 1983, securities businesspersons
should renew their licenses for the next fiscal year before expiry of the current fiscal year.
Accordingly, SEBO upon reviewing the applications received from the securities businesspersons
renewed the licenses of 27 stock brokers, 9 issue managers and 2 securities dealers. The list of
renewed securities businesspersons is given in appendix-6.
In the same way, SEBO received application from 25 stock brokers, 8 issue managers and 2
securities dealers for renewal of their licenses for the fiscal year 2003/04.
Renew Postponed
SEBO has been adopting the policy of pending the renewal of licenses of those securities
businesspersons not complying with the securities rules and regulations. Accordingly, SEBO
postponed the renewal of two securities businesspersons who failed to submit the prescribed
information.
4.4
Improvement in Legal Provisions
4.4.1 Amendment in the Promoters' Share Transfer Provision

SEBO amended section 21(2) of its Securities Registration and Issue Approval Guidelines, 2000
in 7th April 2003, adding some provisions regarding the transfer of promoters' share of bank and
finance companies. According to the new provision, promoters' share can only be transferred if
the company has completed five years of operation and conducted at least two AGMs after going
public. Moreover, the company should be listed in the stock exchange.
4.4.2 Improvement of Clearing and Settlement System and Price Fluctuation Limit
With the objective of controlling price volatility and fastening clearing and settlement process,
NEPSE proposed for amendments in the byelaws 19, 23, 24 and 25 of "Membership of Stock
Exchange and Transaction Byelaws, 1996". SEBO, on June 3, 2003, approved the amendment in
the byelaws. This amendment has reduced the clearing and settlement period from T+5 to T+3 for
shares and introduced T+0 for bonds or debentures trading. Similarly, the amendment reduced
price fluctuation limit from 10 percent to 5 percent for the first transaction and 2 percent for the
successive transaction in case of shares, while in case of bonds or debentures, the limit is 0.2
percent for the first transaction and 0.1 percent for the successive transaction.
10
SEBO
4.5
Supervision and Monitoring
4.5.1 Supervision of Public Issue

During the public issue process, issuing companies publish prospectus, share announcement
documents, advertisements and other information related to the company. SEBO supervises the
information disclosed to the public through these announcements and advertisements and see
whether they are in line with the information provided to SEBO while obtaining the issue
approval. SEBO also supervises whether the investors are given access to the prospectus,
memorandum and articles of association of the issuing company, certificate of issue approval
granted by SEBO and other important documents. Likewise, SEBO also monitors whether the
issuing companies allot the securities in the module prescribed by the "Securities Allotment
Guidelines, 1994". SEBO also monitors whether the issuing companies refund to non-allottee and
list their securities within the time prescribed by "Securities Registration and Issue Approval
Guidelines, 2000".
4.5.2 Supervision of Stock Exchange

On-site Inspection
In this fiscal year, SEBO conducted on-site inspection of NEPSE and found some weaknesses in
record keeping system, listing procedures, monitoring deposits of stock brokers and buying and
selling orders, blank transfer and inspection of stock brokers. SEBO directed NEPSE for the
necessary improvement regarding the same.
Off-site supervision
Stock exchange should provide different types of information regarding the securities exchange
trading to the stakeholders and such information should also be submitted to SEBO. Accordingly,
in this fiscal year, NEPSE has submitted the following reports and information to SEBO.
Table 4: Reporting of NEPSE
S.N.
Submission of Reports
Received Date
Annual Report, 2001/02
14/6/2002
Minute of the 20th Annual General Meeting (2001/02)
26/8/2002
Reports on Annual Securities Trading, 2001/02
4/10/2002
Reports on deposits of the stock brokers
4/10/2002
Reports on membership and representatives
24/10/2002
Besides the above-mentioned reports, SEBO has also been receiving NEPSE the information on
traded companies, trading price and quantity etc on a daily basis.
11
SEBO
4.5.3 Supervision of Securities Businessperson

Issue Manager
SEBO monitors whether the issue managers perform issue management activities like allotment
of securities, refunding and listing of securities and submission of their reports to SEBO as
prescribed by the securities rules and regulations. Reporting of issue managers in this fiscal year
is given in table 5.
Table 5: Reporting of Issue Managers
S.N.
Issue manager
P/L Account
Date of
Cash Flow Transaction
and Balance
Submission
Statement
Report
Sheet
Nepal Merchant Banking & Finance Ltd. 11/10/2002
National Finance Co. Ltd.
25/11/2002
Ace Finance Co. Ltd.
25/12/2002
No Transaction
Nepal Finance & Saving Co. Ltd.
22/01/2003
Nepal Share Market Co. Ltd.
25/03/2003
No Transaction
United Finance Ltd.
05/05/2003
No Transaction
08/05/2003
No Transaction
Citizen Investment Trust
27/05/2003
Not submitted
Stock Brokers
In this fiscal year, SEBO prepared off-site inspection manual for stock brokers and conducted
their inspection, which showed very poor compliance record. The reporting of stock brokers is
given in table 6.
Table 6: Stock Brokers' Report Submission of the Fiscal Year 2001/02
S.N.
1
2
Stock Broker
Om Securities & Allied Services (P)

Ltd.
Asutosh Brokerage & Securities (P)
Ltd.
Primo Securities (P) Ltd.
Agrawal Securities (P) Ltd.
Nepal Stock House (P) Ltd.

Nepal Investment & Securities
Trading (P) Ltd.
6
7
Nikhil Securities (P) Ltd.
P/L
Date of
Account Cash Flow Transaction Transaction
Amount*
Submission & Balance Statement
Report
(Rs. in Million)
Sheet
29/11/2002
10.50
08/01/2003
45.05
08/01/2003
10/01/2003
13/01/2003
120.20
115.42
65.20
14/01/2003
33.59
14/01/2003
31.10
12
SEBO
S.N.
Stock Broker
Arun Securities (P) Ltd.
Annapurna Securities Service (P) Ltd.
10
Midas Stock Broking Co. (P) Ltd.

Malla & Malla Stock Broking Co. (P)
Ltd.
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
P/L
Date of
Account Cash Flow Transaction Transaction
Amount*
Submission & Balance Statement
Report
(Rs. in Million)
Sheet
14/01/2003
46.61
14/01/2003
14/01/2003
20.57
17.36
14/01/2003
22.38
14/01/2003
Khandelwal Stock Broking Co. (P) Ltd. 14/01/2003
Sipla Securities (P) Ltd.
14/01/2003
Shivsakti Stock & Investment (P) Ltd. 14/01/2003
Premier Securities (P) Ltd.
14/01/2003
Shree Krishna Securities Ltd.
14/01/2003
Siprabi Securities (P) Ltd.
14/01/2003
Asian Securities (P) Ltd.
14/01/2003
J.F. Securities (P) Ltd.
14/01/2003
Opal Securities (P) Ltd.
20/01/2003
Kumari Securities (P) Ltd.
23/01/2003
Trishul Securities & Investment Ltd.
03/02/2003
Pragyan Securities (P) Ltd.
06/03/2003
Market Securities & Exchange (P)
07/03/2003
Ltd.
Sagarmatha Securities (P) Ltd.
19/06/2003
Not submitted
Yeti Securities Ltd.
93.30
0.006
41.78
31.52
40.72
74.05
61.91
33.46
47.21
13.77
91.04
10.70
10.37
26.50
26.51
20.71
Sweta Securities (P) Ltd.
Total
*
1151.60
Total transaction amount is as per the reporting of NEPSE and it includes buying and selling amount
The following stock brokers have submitted their half yearly report to SEBO as prescribed.
Table 7: Stock Brokers Reporting Half-yearly Reports to SEBO
S.N.
Stock Broker
S.N.
Stock Broker
Agrawal Securities (Pvt.) Ltd.
Nepal Investment & Securities (Pvt.) Ltd.
Nikhil Securities (Pvt.) Ltd.
Arun Securities (Pvt.) Ltd.
Annapurna Securities Service (Pvt.) Ltd.
Shree Krishna Securities Ltd.
4.5.4 Supervision of Disclosure of Listed Companies

In this fiscal year only 5 listed companies submitted their annual and semiannual reports to SEBO
on time. The detail on reporting of listed companies is given in table 16 and 17.
13
SEBO
4.6
Research and Study
4.6.1 Revenue Sharing of Securities Market

SEBO conducted a brief study on tentative revenue sharing of securities market for the fiscal year
2001/02. The study revealed that out of the total revenue generated in the securities market the
portion of the stock broker is about 40 percent and that of the stock exchange is about 29 percent.
Likewise, the issue managers share 14 percent, and the SEBO's portion is only 7 percent. Ten
percent of the total revenue is contributed to HMG/N.
4.6.2 Major Issues of Investors' Confidence
SEBO, to identify the major issues and fundamental deficiencies that are vital to restore and
consolidate investors' confidence in the securities market and to use it in the policy making,
conducted a study on "Major Issues of Investors' Confidence in the Securities Market". This study
has attempted to identify the issues in the areas of information disclosure, accounting and auditing
standards, regulation, service efficiency of the market and education and training.
Similarly, SEBO has been conducting a study to identify the reasons of present situation of
slackness in trading and poor liquidity condition of the secondary market.
4.6.3 Nepal's accession to WTO: some issues of securities market
In the context of Nepal's accession to WTO from fifth ministerial conference to be held in
September this year in Cancun, Mexico, SEBO conducted a study to identify the issues relating to
securities market and prepared a preliminary draft of the study.
4.6.4 Study Support
With the objective of encouraging studies in the field of securities market, SEBO has been
supporting the Masters' Level students by providing grant to write thesis as per their academic
requirement. In this fiscal year, SEBO provided grant to the following six studies.
Corporate Performance and Role of Board of Directors

Problems and Prospects of Debt Market Growth in Nepal
Corporate Financing and Equity Market in Nepal
Stock Market and Economic Growth
Listing, Liquidity and Price Formation in Nepal Stock Exchange
Problem and Prospects of Listed Manufacturing Companies in Nepal
Besides, SEBO provided various types of information about the securities market through library,
investors' gallery and publications to 455 investors, students, researchers and lecturers of the
universities in this fiscal year.
14
SEBO
4.7
Education and Training
4.7.1 Training and Observation Tour

In this fiscal year, SEBO staffs participated in the seminars and workshops on corporate
governance, legal enforcement, securities market development, accounting standard and securities
market regulation organized at international level. Similarly, some of the staffs participated in the
training programmes on management development, information technology and corporate finance
organized at national level.
4.7.2 Publications
Ten Years of SEBO
SEBO completed its 10 years of establishment from 8th June 2003. In this occasion, SEBO
published "Ten Years of SEBO (1993-2003)". The publication contains description on economy
and development of corporate sector, HMG/N policies and programmes relating securities market,
development of securities market regulatory system, major activities carried out during the period
for securities market development and market scenario.
Securities Market Review
With the objective of providing news and information on securities market and corporate affairs,
SEBO has been publishing "Securities Market Review", a quarterly report, since the fiscal year
2001/02. The review is also available in its web-site.
Annual Report
SEBO has published the annual report of fiscal year 2001/02 and distributed to its stakeholders.
The report is also available in its web-site.
4.7.3 Web Site
With the objective of acquainting the stakeholders with the market scenario, prevailing rules and
regulations and providing necessary information through online electronic communication
system, SEBO has been updating its web-site regularly. The website address is
http://www.sebonp.com/
4.8
Investors Grievances
According to the investors' grievances handling system developed by SEBO, the grievances
related to issuing activities, listed companies and securities trading can be resolved from the issue
managers, related listed companies and stock exchange respectively. Likewise, such grievances
can also be resolved through the legal and enforcement division of SEBO.
15
SEBO
5.
Securities Market
5.1
Public Issue
As per the provision of securities legislation, company should issue its securities to the public
within 2 months after getting issue approval from SEBO. In this fiscal year, 19 companies
consisting of 2 commercial banks, 1 development bank, 14 finance companies and 2 insurance
companies issued their securities to the public amounting to Rs. 656.54 million. In the last fiscal
year 12 companies had issued securities amounting to Rs. 1441.33 million.
Table 8: Public Issue of Securities
S.N.
Types of
Securities
Name of the Company
Issued
Amount
Issue Date
(Rs. in Million)
30.00 29/07/2002
Issue
Manager
NMB
International Leasing & Finance Co. Ltd. Ordinary Share
Nirdhan Uthan Bank Ltd.
Ordinary Share
3.30 05/08/2002
Life Insurance Corporation ( Nepal) Ltd. Ordinary Share
50.00 05/08/2002
NCML
Ordinary Share
40.00 28/08/2002
NCML
Shree Investment & Finance Co. Ltd.
Ordinary Share
16.00 02/09/2002
CIT
Gorkha Finance Ltd.
Ordinary Share
10.00 05/09/2002
NSML
Ordinary Share
8.00 24/09/2002
Rights Share
Ordinary Share
10
Mutual Fund
11
Ordinary Share
8.00 19/12/2002
NEFINSCO
12
Ordinary Share
8.00 06/01/2003
NCML
13
Machhapuchhre Bank Ltd.
Ordinary Share
165.00 13/01/2003
14
Rights Share
60.00 29/01/2003
CIT
15
Rights Share
25.00 28/02/2003
NFL
16
N.B. Insurance Co. Ltd.
Ordinary Share
20.00 29/04/2003
CIT
17
Peoples Finance Co. Ltd.
Rights Share
20.00 03/06/2003
NCML
18
Butwal Finance Ltd.
Ordinary Share
20.00 05/06/2003
NMB
19
Om Finance Ltd.
Ordinary Share
8.00 01/07/2003
Total
NCML
8.00 14/11/2002
NCML
100.00 25/11/2002
656.54
Nepal Merchant Banking & Finance Ltd.

CIT:
NSML:
NFL:
16
NEFINSCO
57.24 27/09/2002
Note:
NMB:
NCML:
NEFINSCO:
CIT

NCML
NMB
NEFINSCO
SEBO
5.2
Listing of Securities
In this fiscal year, 20 companies have listed their securities- promoters share and publicly issued
securities, amounting to Rs. 3287.35 million in NEPSE.
Table 9: Listing of Securities
S.N.
Types of
Securities
Name of the Company
Listing Date
Nepal Bangladesh Bank Ltd.
Bonus Share
120.00
30/10/2002
Nepal SBI Bank Ltd.
Rights Share
287.87
30/10/2002
Rights Share
40.00
26/11/2002
United Finance Co. Ltd.*
Ordinary Share
64.00
26/11/2002
International Leasing & Finance Co. Ltd.* Ordinary Share
120.00
26/11/2002
Everest Bank Ltd.
Pref. Share
140.00
22/1/2003
Ordinary Share
250.00
22/1/2003
Nepal Life Insurance Co. Ltd.*
Shree Investment & Finance Co. Ltd.*
Ordinary Share
40.00
14/2/2003
Gorkha Finance Ltd.
Ordinary Share
10.00
14/2/2003
Bonus Share
15.82
14/2/2003
10
Nepal Insurance Co. Ltd.
11
Central Finance Co. Ltd.*
Ordinary Share
20.00
18/3/2003
12
Himalayan Distrilary Ltd.*
Ordinary Share
413.00
21/3/2003
13
Life Insurance Corporation (Nepal) Ltd.*
Ordinary Share
250.00
21/3/2003
14
Rights Share
56.66
1/4/2003
15
Nirdhan Uthan Bank Ltd.*
Ordinary Share
10.00
24/4/2003
16
Nepal Srilanka Merchant Bank Ltd.*
Ordinary Share
100.00
24/4/2003
17
Machhapuchere Bank Ltd.*
Ordinary Share
550.00
28/5/2003
18
Premier Finance Co. Ltd.*
Ordinary Share
20.00
28/5/2003
19
Himalayan Bank Ltd.
Debenture
360.00
11/6/2003
20
National Hydro Power Co. Ltd.
Ordinary Share
(Promoter's)
420.00
2/7/2003
Total
*
Amount
(Rs. in Million)
3287.35
New companies listing securities
Out of the companies listing securities in NEPSE, 11 are new companies. Thus total number of
listed companies in NEPSE has reached to 108.
17
SEBO
Table 10: Listed Companies by the end of the Fiscal Year 2002/03
S.N.
Sector
Percent
Commercial Bank
11
10.18
Development Bank
3.70
Finance Company
35
32.41
Insurance Company
13
12.04
Hotel
3.70
Manufacturing & Processing Company
29
26.85
Trading Company
7.41
Other Company
3.70
108
100.00
Total
5.3
Number of Listed
Company
Paid-up Value
The total paid-up value of the listed securities at the end of this fiscal year reached Rs. 12560.07
million. The paid-up value in the last fiscal year was Rs. 9685.04 million.
Table 11: Paid-up Value
S.N.
Paid up value
Sector
(Rs in Million)
Commercial Bank
4444.92
35.39
Development Bank
611.88
4.87
Finance Company
1415.89
11.27
Insurance Company
1047.48
8.34
Hotel
1552.88
12.36
2758.78
21.97
Trading Company
76.64
0.61
Other Company
651.60
5.19
12560.07
100.00
Total
5.4
Percent
Turnover
The total amount of securities traded in this fiscal year is Rs. 575.80 million. In the last fiscal
year, it was Rs. 1540.63 million.
18
SEBO
Table 12: Annual Turnover

S.N.
Trading
Sector
Percent
(Rs in Million)
Commercial Bank
332.18
57.69
Development Bank
25.83
4.49
Finance Company
128.81
22.37
Insurance Company
64.59
11.22
Hotel
6.52
1.13
3.82
0.66
Trading Company
13.41
2.33
Other Company
0.64
0.11
575.80
100.00
Total
In this fiscal year, the percentage turnover to market capitalization is 1.63, while that of the last
fiscal year was 4.44. The number of traded companies in this fiscal year is 81, which were 69 in
the last fiscal year.
Chart 1: Monthly Turnover

(FY 2002/03)
70
61.35
60
Amount
Rs. in Million
57.59
56.29
53.22
45.88
45.55
44.76
50
40
64.45
57.93
38.09
27.93
30
22.76
20
10
0
g
Au
p
Se
t
Oc
v
No
c
De
Ja
b
Fe
ar
Ap
ay
M
ne
Ju
ly
Ju
Month
5.5
Market Capitalization
By the end of this fiscal year, the market capitalization value of the listed securities remained at
Rs. 35240.38 million. In the last fiscal year this value was Rs. 34703.87 million. During this year,
the highest value of market capitalization was Rs. 37257.68 million and the lowest was
Rs. 32197.84 million. The percentage contribution of market capitalization on GDP is estimated
to be 8.22.
19
SEBO
Table 13: Market Capitalization

S.N.
Market
Capitalization Value
Sector
Percent
(Rs in Million)
Commercial Bank
21436.72
60.83
Development Bank
1016.77
2.88
Finance Company
2561.16
7.27
Insurance Company
2388.54
6.78
Hotel
2550.61
7.24
4731.30
13.43
Trading Company
488.02
1.38
Other Company
67.26
0.19
35240.38
100.00
Total
5.6
Price Index
By the end of this fiscal year, the price index of the listed securities (NEPSE Index) remained at
204.86 points, which is lower by 23.32 points than that of the last fiscal years' index 227.54
points. In this fiscal year, the highest index of 230.01 was noted on August 26, 2002 and the
lowest index of 198.44 was noted on January 24, 2003.
Chart 2: NEPSE Index

(FY 2002/03)
230
225
226.59
222.98
220
Point
215
220.73
219.26
214.08
213.31
214.57
207.65
210
209.66
205
207.45
200.80
200
204.86
195
190
185
Aug
Sep
Oct
Nov
Dec
Jan
Month
20
Feb
Mar
Apr
May
June
July
SEBO
6.
Collective Investment Schemes

6.1
Citizen Unit Scheme
SEBO had permitted Citizen Investment Trust (CIT) to operate the Citizen Unit Scheme in the
fiscal year 1994/95. The objective of the scheme is to collect capital from the small and medium
savers to make investment in a professional and efficient way and distribute the returns earned
thereon. This is an open-ended scheme with the face value of Rs. 100.00 per unit. CIT itself has
been performing the function of selling and repurchasing the unit of the scheme. It has been
regularly reporting SEBO on the performance of the scheme.
As reported by CIT, by the end of the fiscal year 2002/03, it sold units amounting to Rs. 837.47
million and repurchased the units amounting to Rs. 432.15 million. Additional sale of the scheme
in this fiscal year is Rs. 40.68 million. By the end of this fiscal year, its total investment is Rs.
402.66 million and profit is Rs. 32.42 million. The total number of participants of the scheme
reached to 9084 and it distributed 8 percent dividend to its unit holders.
Table 14: Performance of Citizen Unit Scheme
S.N.
1998/99
1999/00
Fiscal Year
2000/01 2001/02
2002/03
Total amount of unit sold (Rs. in million)
54.46
187.37
336.78
645.26
837.47
Total amount of unit repurchased
11.99
44.12
110.63
280.62
432.15
Investment (Rs. in million)
36.22
143.88
236.40
371.50
402.66
(a) Government Bond
18.00
30.85
59.65
119.50
118.00
(b) Bank Deposit (Fixed)
15.50
68.50
100.00
130.00
135.00
(c) Share / Debenture
2.72
2.03
6.75
10.50
136.00
(d) Loan & Advances
0.00
42.50
70.00
111.50
133.00
Net Income
5.10
16.71
19.98
35.26
32.42
Dividends (%)
11
11
8.5
Number of Unite Holder
2587
4601
6270
8299
9084
(Rs. in million)
6.2
N.C.M. Mutual Fund
The "NCM First Mutual Fund, 2050", which the SEBO approved in the fiscal year 1993/94, had
terminated by the end of the fiscal year 2000/01. The fund, at the time of its termination, offered
two options to its participants; either to refund or to participate in another new scheme to be
operated and managed by NIDC Capital Markets Ltd. in the name of "NCM Mutual Fund, 2059".
SEBO approved this new mutual fund on August 9, 2002. The fund has 10 million units with
Rs.10 face value. Out of the total units, it distributed 1.5 million units to its management and
21
SEBO
trustee, 1.33 million to the unit holders of previous mutual fund scheme and the remaining 7.17
million units issued to the public.
As reported by NIDC Capital Markets Ltd.- the fund manager, total investment of the fund
reached to Rs. 110.32 million by the end of the fiscal year 2002/03 and the net asset value (NAV)
increased to Rs. 105.69 million. The performance of the fund in the fiscal year 2002/03 is given in
table 15.
Table 15: Performance of NCM Mutual Fund (FY 2002/03)
S.N.
Particulars
Amount in Rs.
Investment
11,03,23,465.08
(a) Share
8,44,36,101.08
(b) Government Bond
1,00,00,000.00
(c) Bank (Special Deposit)
1,58,87,364.00
Number of invested Company
29
Net Income
21,39,087.70
Dividend in Share
16,21,614.19
Interest in Government Bond
28,125.00
Bank Interest
4,89,347.51
Net Assets Value
10,56,92,313.61
Outstanding Unit
1,00,00,000.00
Net Asset Value per unit (Rs.)
10.57
Number of Unit holder
2882
(a) Institutional
19
(b) Individual
2863
22
SEBO
7.
Corporate Affairs
7.1
Information Disclosure
In view of the importance of corporate information, securities legislation has made provisions for
the disclosure of price sensitive and other information. SEBO, to effectively implement the
provisions regarding information disclosure, have also published booklets on disclosure
provisions and distributed to the listed companies. Still the information disclosure of the listed
companies has not become satisfactory.
Submission of Annual Reports

As per the provisions of Securities Exchange Act, 1983, listed companies should submit their
annual reports including profit and loss account, balance sheet and cash flow statements to the
stock exchange and SEBO, within 4 months after the expiry of the fiscal year. Accordingly, by
the end of the fiscal year 2002/03, 67 companies submitted their annual reports to SEBO. Out of
these 67 only five companies, namely Narayani Finance Ltd., Kathmandu Finance Ltd., Gorkha
Finance Co. Ltd., Pokhara Finance Ltd. and Shree Investment and Finance Co. Ltd. have reported
on time. Detail on submission of annual reports of fiscal year 2001/02 is given in table 16.
Table 16: Status of Annual Report Submission of the Listed Companies
S.N.
Annual Report/Financial
Statement
Name of Listed Companies
Date of
Submission
Commercial Bank
1
2
3
4
16th Annual Report
Standard Chartered Bank Ltd.
th
16 Annual Report
th
Bank of Kathmandu Ltd.
8 Annual Report
Himalayan Bank Ltd.
6/12/2002
26/12/2002
1/1/2003
th
7/1/2003
th
10 Annual Report
Nabil Bank Ltd.
18 Annual Report
18/2/2003
Nepal Industrial & Commercial Bnak Ltd.
5th Annual Report
26/2/2003
th
Nepal SBI Bank Ltd.
9 Annual Report
11/3/2003
8th Annual Report
31/3/2003
Everest Bank Ltd.
10
Nepal Bank Ltd.
th
8 Annual Report
25/6/2003
Financial Statement
3/7/2003
Development Bank
1
Development Credit Bank Ltd.
2nd Annual Report
3/3/2003
Nepal Development Bank Ltd.
4th Annual Report
20/3/2003
23
SEBO
S.N.
Statement
Date of
Submission
8th Annual Report
10/9/2002
Financial Company
1
2
3
Narayani Finance Ltd.

Kathmandu Finance Ltd.
th
24/9/2002
th
26/9/2002
th
8 Annual Report
Gorkha Finance Co. Ltd.
8 Annual Report
Pokhara Finance Ltd.
6 Annual Report
11/10/2002

(Listing Date: 16/03/2003)
8th Annual Report
7/11/2002
10th Annual Report
25/11/2002
7
8
9
Lalitpur Finance Co. Ltd.
th
25/11/2002
th
29/11/2002
th
1/12/2002
th
6 Annual Report
Alpic Everest Finance Ltd.
9 Annual Report
7 Annual Report
10
Siddhartha Finance Ltd.
7 Annual Report
24/11/2002
11
7th Annual Report
16/12/2002
12
13
14
Annapurna Finance Co. Ltd.
th
20/12/2002
th
23/12/2002
th
26/12/2002
th
9 Annual Report
Pashchimanchal Finance Co. Ltd.
7 Annual Report
7 Annual Report
15
Nepal Housing & Merchant Finance Ltd.
8 Annual Report
30/12/2002
16
Universal Finance & Capital Markets Ltd.
7th Annual Report
1/1/2003
17
18
19
th
10 Annual Report
th
HISEF Finance Ltd.
th
7 & 8 Annual Report

th
Samjhana Finance Co. Ltd.8
8 Annual Report
th
17/1/2003
24/1/2003
27/1/2003
20
Nepal Abas Bikash Bitta Co. Ltd.
10 Annual Report
14/2/2003
21
Goodwill Finance Co. Ltd.
8th Annual Report
28/2/2003
22
General Finance Co. Ltd.
Financial Statement
11/3/2003
23
th
24/3/2003
th
9 Annual Report
24
Union Finance Co. Ltd.
8 Annual Report
31/3/2003
25
United Finance Co. Ltd. (Listing Date: 26/11/2002)
8th Annual Report
5/5/2003
26
27
28
Srilanka Merchant Bank Ltd. (Listing Date: 24/04/2003)

th
8/5/2003
th
27/5/2003
th
6 Annual Report
1/6/2003
7 Annual Report
8 Annual Report
Insurance Company
1
Premier Insurance Co. (Nepal) Ltd.
9th Annual Report
12/12/2002
United Insurance Co. (Nepal) Ltd.
9th Annual Report
19/12/2002
th
Sagarmatha Insurance Co. Ltd.
6 Annual Report
24
22/12/2002
SEBO
S.N.
4

Neco Insurance Co. Ltd.
Statement
Date of
Submission
7th Annual Report
20/2/2003
th
Himalayan General Insurance Co. Ltd.
9 Annual Report
27/2/2003
Alliance Insurance Co. Ltd.
7th Annual Report
18/3/2003
rd
Nepal Life Insurance Co. Ltd.

3 Annual Report
25/3/2003

1st Annual Report
12/6/2003
Hotel
1
Yak & Yeti Hotel Ltd.
26th Annual Report
15/1/2003
Soaltee Hotel Ltd.
28th Annual Report
3/3/2003
9th Annual Report
10/12/2002

1
Nepal Lever Ltd.
Shree Raghupati Jute Mills Ltd.
Financial Statement
26/1/2003
Himgiri Textile Industries Ltd.
Financial Statement
28/1/2003
th
Khadya Udyog Ltd.
30 Annual Report
10/2/2003
Nepal Lube Oil Ltd.
11th Annual Report
16/2/2003
th
Jyoti Spinning Mills Ltd.
13 Annual Report
12/3/2003
Shreeram Sugar Mills Ltd.
8th Annual Report
16/3/2003
th
Nepal Bitumen & Barrel Udhyog Ltd.
14 Annual Report
19/3/2003
Arun Vanaspati Udyog Ltd.
12th Annual Report
27/3/2003
10
Bottlers Nepal Ltd.
th
4/4/2003
th
24 Annual Report
11
Bottlers Nepal (Tarai) Ltd.
16 Annual Report
4/6/2003
12
Nepal Banaspati Ghee Udyog Ltd.
17th Annual Report
11/6/2003
13
th
Shree Bhrikuti Pulp & Paper Nepal Ltd.
8 Annual Report
13/6/2003
22nd Annual Report
15/12/2002
Trading Company
1
2
Bishal Bazar Co. Ltd.

Nepal Trading Ltd.
Salt Trading Co. Ltd.
Nepal Welfare Co. Ltd.
th
25/3/2003
th
36 Annual Report
1/4/2003
9th,10th &11th Annual Report
3/6/2003
10 Annual Report
25
SEBO
Submission of Half Yearly Reports

As per the provisions of Securities Exchange Act, 1983, listed companies should submit their half
yearly reports to the stock exchange and SEBO, within 2 months after the expiry of that period. In
this fiscal year, only 6 companies submitted such reports to SEBO. Out of these 6 companies,
only 5 companies submitted on time.
Table 17 Submission of Half Yearly Report by the Listed Companies
S.N.
7.2
Date of Submission
Annapurna Finance Ltd.
5/2/2003
11/2/2003
11/2/2003
Pokhara FinanceLtd.
11/2/2003
Nepal Lever Ltd.
18/2/2003
9/6/2003
Annual General Meeting
As prescribed by the prevailing legislation, corporate bodies should conduct their AGM within 6
months after the expiry of the fiscal year. In this fiscal year, out of 108 listed companies, 62
including nine commercial banks, two development banks, 25 finance companies, eight insurance
companies, two hotels, 12 manufacturing and processing companies and four trading companies
have conducted their AGM of the fiscal year 2001/02. Information on holding of AGM is given in
table 18.
7.3
Dividend/Bonus Share/ Share Capitalization Declaration
Out of the 62 companies holding AGM in this fiscal year, 30 companies have declared dividend,
two declared bonus share and one declared share capitalization. In addition, two companies
declared both dividend and bonus share while two declared share capitalization along with
dividend. The range of dividend declaration is 5 to 100 percent, bonus share declaration is 10 to
50 percent and share capitalization declaration is 10 to 25 percent. The detail is given in table 18.
26
SEBO
Table 18: Annual General Meetings and Dividend/Bonus Share/ Share Capitalization Declaration
S.N.
Name of the Company
Percent
AGM
Held on
Dividend/
Bonus Share
(On Paid-up
Value)
16th
10/1/2003
Cash Dividend
100
Commercial Bank
1
2
Standard Chartered Bank Nepal Ltd.
th
10/1/2003
Final Dividend
10
th
14/1/2003
Bonus Share
30
24/1/2003
Cash Dividend
25
Bonus Share
10
6/2/2003
Bonus Share
20
16
Himalayan Bank Ltd.
10th
5
6
7
8
9
Everest Bank Ltd.
th
18
Nabil Bank Ltd.

Nepal Industrial & Commercial Bank Ltd.
Nepal SBI Bank Ltd.
th
28/2/2003
Cash Dividend
30
th
14/3/2003
th
4/4/2003
th
8/4/2003
16/3/2003
7/4/2003
Development Bank
1
2
2nd
th
Finance Company
1
8th
23/9/2002
Cash Dividend
15
8th
6/10/2002
Cash Dividend
20
th
8/10/2002
Final Dividend
12
6
7
8
9
10
11
12
Mahalaxme Finance Ltd.

25
8/11/2002
Cash Dividend
Bonus Share
2.63
26/11/2002
6th
th
th
6/12/2002
Cash Dividend
20
20/12/2002
Cash Dividend
25
th
4/1/2003
Cash Dividend
15
th
5/1/2003
Cash Dividend
15
th
6/1/2003
Cash Dividend
10
th
9/1/2003
Cash Dividend
10/1/2003
Cash Dividend
14
th
13
10
14
Universal Finance & Capital Markets Ltd.
7th
10/1/2003
9th
11/1/2003
15
27
50
th
10
11.90
26/10/2002
Cash Dividend,
Share Capitalization
6th
10
Cash Dividend
8.11
Cash Dividend
12
SEBO
S.N.
16
17
18
19
20
21
22
23
24
25
Name of the Company
Held on
Dividend/
Bonus Share
(On Paid-up
Value)
7th
11/1/2003
Cash Dividend
20
13/1/2003
Cash Dividend
15
Nepal Merchant Banking &Finance Ltd.
10
th
th
Samjhana Finance Co. Ltd.

Nepal Share Markets Co. Ltd.
United Finance Ltd. (Listing Date 59/8/10)
th
9/2/2003
th
10/2/2003
th
16/3/2003
th
31/3/2003
Cash Dividend
10
th
13/4/2003
th
13/5/2003
th
12/6/2003
14.35
th
15/6/2003
27/12/2002
Cash Dividend
10
th
10/1/2003
Cash Dividend
7 &8
HISEF Finance Ltd.
Percent
AGM
Insurance Company
1
9th
9th
10/1/2003
Interim Dividend
Cash Dividend
7
10
9th
7/3/2003
Interim Dividend
Cash Dividend
5
10
7th
14/3/2003
Cash Dividend
th
14/3/2003
Cash Dividend
10
rd
5/4/2003
st
20/6/2003
8/1/2003
10/1/2003
6
7
8
Neco Insurance Ltd.
Hotel
1
2
26th
28
Soaltee Hotel Ltd.
th
Manufacturing and Processing Company

1
2
3
4
5
6
7
8
9
9th
Nepal Lever Ltd.

Khadya Udhyog Ltd.
Bottlers Nepal Ltd. (Balaju)
Bottlers Nepal (Terai) Ltd.
Nepal Lube Oil Ltd.
Nepal Bitumen and Barrel Udhyog Ltd.
Sri Raghupati Jute Mills Ltd.
Sri Ram Sugar Mills Ltd.
28
22/12/2002
Cash Dividend
40
30
th
27/12/2002
24
th
8/1/2003
Cash Dividend
10
16
th
8/1/2003
Cash Dividend
10
11
th
21/2/2003
Cash Dividend
15
13
th
23/2/2003
14
th
14/3/2003
th
6/4/2003
th
4/4/2003
SEBO
S.N.
10
11
12
Name of the Company
Percent
AGM
Held on
Dividend/
Bonus Share
(On Paid-up
Value)
12th
9/4/2003
th
13/6/2003
th
14/7/2003
22nd
4/1/2003
Cash Dividend
65
36
th
2/4/2003
Cash Dividend
30
10
th
18/4/2003
Cash Dividend
10
13/6/2003
Nepal Banaspati Ghee Udhyog Ltd.

Shree Brikuti Pulp & Paper Nepal Ltd.
Trading Company
1
2
3
4
7.4

Salt Trading Corporation
Nepal Trading Ltd.
th
th
9 ,10
&11th
Nepal Welfare Co. Ltd.
Operational Results of Listed Companies
As revealed by the annual reports of the fiscal year 2001/02 submitted to SEBO, the operational
results of the listed companies as well as the market price of their shares at the end of the same
year is presented in table 19.
Table 19: Listed Companies' Operational Results of the Fiscal Year 2001/02
S.N.
Name of the Listed Company
Paid-up
Capital
Net worth
Per Share
(Rs. in Million)
(Rs.)
Net
Profit
(Rs. in
Million)
Profit Per
Share
(Rs.)
Paid-up
Market
Value
Price of
Per
the Share
Share
(Rs.)
(Rs.)
Commercial Bank
1
Nepal Bank Ltd.
380.38
(2511.65) (3071.30)
(807.42)
100
315
Nabil Bank Ltd.
491.65
233.18
271.64
55.25
100
735
169.98
307.95
57.11
33.59
100
760
Standard Chartered Bank Ltd.
339.55
363.86
479.21
141.13
100
1550
Himalayan Bank Ltd.
390.00
220.03
235.02
60.26
100
1000
Nepal SBI Bank Ltd.
424.89
131.88
40.84
9.61
100
401
375.25
175.37
65.78
18.41
100
510
Everest Bank Ltd.
259.32
150.75
85.35
32.91
100
430
463.58
112.21
9.27
2.00
100
254
10
Nepal Industrial & Commercial

Bank Ltd.
499.73
105.19
6.82
1.36
100
250
Development Bank
11
144.00
107.25
3.63
2.52
100
155
12
160.00
105.93
9.36
5.85
100
152
29
SEBO
S.N.
Paid-up
Capital
Net worth
Per Share
(Rs. in Million)
(Rs.)
Net
Profit
(Rs. in
Million)
Profit Per
Share
(Rs.)
Paid-up
Market
Value
Price of
Per
the Share
Share
(Rs.)
(Rs.)
Finance Company
13
20.00
186.30
11.36
56.78
100
300
14
30.00
291.80
16.71
55.70
100
545
15
Nepal Share Markets Ltd.
60.00
110.72
2.51
4.18
100
159
16
20.00
258.05
14.00
70.00
100
410
17
20.00
169.65
7.41
37.05
100
305
18
20.00
131.05
1.69
8.44
100
130
19
Union Finance Co. Ltd.*
45.50
143.72
7.44
20.67
100
20
35.19
135.58
6.03
15.08
60
165
21
Nepal Housing Dev. & Finance

Co. Ltd.
46.64
125.36
8.72
17.80
100
175
22
HISEF Finance Ltd.
57.93
105.23
(3.50)
(5.83)
100
160
23
25.15
133.42
6.27
24.93
100
240
24
90.00
116.99
5.20
5.78
100
230
25
Gorkha Finance Ltd.
15.00
130.27
3.48
23.19
100
150
26
Samjhana Finance Co. Ltd.
17.59
49.87
(7.47)
(33.21)
100
110
27
Universal Finance & Capital

Markets Ltd.
27.75
95.36
8.02
21.40
66
175
28
Nepal Housing & Merchant Finance

Ltd.
45.00
134.31
10.13
22.51
95
310
29
General Finance Ltd.
15.06
68.10
(7.48)
(37.39)
50
155
30
25.00
152.44
9.28
37.13
100
415
31
25.00
163.78
9.62
42.76
100
400
32
23.75
114.52
0.11
0.45
95
280
33
40.00
133.18
5.75
14.37
100
250
34
16.00
173.15
11.89
59.47
80
280
35
20.00
113.60
4.11
20.52
90
145
36
Nepal Merchant Banking & Finance

Ltd.
100.00
70.78
29.08
14.54
50
221
37
20.00
139.65
4.89
24.45
100
250
38
Nepal Sri Lanka Merchant Bank

Ltd.*
60.00
88.33
0.04
0.07
100
39
Shree Invt. & Finance Co. Ltd.*
24.00
164.50
4.59
19.23
100
40
Int'l Leasing & Finance Co. Ltd.
90.00
123.47
10.35
11.50
100
41
United Finance Ltd.*
36.00
121.33
0.26
0.72
100
30
SEBO
S.N.
Paid-up
Capital
Net worth
Per Share
(Rs. in Million)
(Rs.)
Net
Profit
(Rs. in
Million)
Profit Per
Share
(Rs.)
Paid-up
Market
Value
Price of
Per
the Share
Share
(Rs.)
(Rs.)
Insurance Company
42
Himalayan General Ins. Co. Ltd.
30.00
201.77
7.65
25.50
100
225
43
United Insurance Co. Ltd.
56.62
183.33
8.88
15.69
100
190
44
30.00
213.77
8.62
28.73
100
170
45
50.00
177.94
9.57
19.14
100
182
46
49.94
163.82
7.41
14.81
100
115
47
51.00
158.51
9.52
18.14
100
170
225.84
188.62
(23.93)
(10.60)
100
600
Hotel
48
49
Soaltee Hotel Ltd.
86.97
41.23
(59.62)
(5.85)
10
100
50
Taragoan Regency Hotel Ltd.
744.09
100.00
(24.09)
(3.24)
100
50
51
Oriental Hotel Ltd.
500.00
44.26
(110.82)
(22.16)
100
48

52
Bottlers Nepal Ltd. (Balaju)
194.89
357.09
48.61
24.96
100
700
53
Nepal Lube Oil Ltd.
20.29
190.22
6.22
30.63
100
480
54
Nepal Banaspati Ghee Udhyog Ltd.
20.25
(665.98)
(13.39)
(66.13)
100
300
(1997/98)
55
180.70
97.92
5.34
2.95
16
11.2
(1996/97)
56
193.84
(92.01)
(50.22)
(35.87)
100
44
(1999/00)
57
121.00
314.89
39.14
23.35
100
534
58
55.03
(110.60)
14.07
25.56
100
60
59
Nepal Lever Ltd.
92.07
378.11
42.63
46.30
100
1350
60
Khadya Udhyog Ltd.
12.93
621.11
1.71
9.04
100
231
61
46.84
(191.65)
(17.20)
(35.83)
100
53
62
Shree Brikuti Pulp & Paper Nepal

Ltd.
434.54
(59.54)
(110.24)
(25.23)
100
63
296.77
90.24
6.80
2.23
100
100
64
Nepal Bitumen and Barrel Ltd.
21.07
101.05
0.94
40.46
100
No Transaction
60
(2000/01)
Trading Company
65
27.30
207.29
19.51
71.46
100
1550
66
Salt Trading Corporation
24.78
2012.35
26.66
107.60
100
300
67
Nepal Trading Ltd.
5.00
124.40
0.31
6.16
50
56
(2000/01)
Companies not listed till the fiscal year 2001/02
31
SEBO
8.
Important Events
16/11/1992
First Amendment made in the Securities Exchange Act, 1983 to pave the way for the
restructuring of securities market and the establishment of SEBO.
26/05/1993
Securities Exchange Regulation, 1993 came into effect for the implementation of the
Securities Exchange Act, 1983.
07/06/1993
HMG/N established SEBO and appointed Chairman.
28/07/1993
SEBO starts registration of shares and grants approval for public issues.
28/7/1993
SEBO registered and granted approval for the issue of NCM First Mutual Fund
launched by NIDC Capital Market.
16/08/1993
Approval of "Membership and Transaction Bye-Laws, 1993" of Nepal Stock Exchange

Ltd. in order to facilitate the introduction of brokers and market makers in the securities
market.
07/01/1995
Licensing Nepal Stock Exchange Ltd. to operate stock exchange.
01/04/1994
"Directives for Allotment of Securities, 1993" came into effect to bring about efficiency
and transparency in allotment and distribution of securities.
19/09/1994
A Programmes for Policy Makers on Capital Market Development was jointly

organized by SEBO and UTI-Institute of Capital Market of India.
01/05/1995
"Guidelines for Registration and Issue Approval of Securities, 1995" came into effect in
order to ensure transparency and orderly management of the issuance of securities.
11/12/1995
"Securities Exchange Regulation (1st Amendment), 1995" came into effect.
03/04/1996
A concept paper containing modality and the legal and institutional infrastructure
required to bring in foreign investment through securities market, was prepared by
SEBO and submitted to the Ministry of Finance, HMG/N.
28/06/1996
SEBO approved the "Securities Listing Bye-Laws, 1996" of NEPSE prepared to

implement the provision of "Securities Exchange Regulation (1st Amendment), 1995".
30/01/1997
"Securities Exchange Act (2nd Amendment), 1983" came into effect.
03/03/1997
A concept paper on policies and programmes of securities market to be incorporated in

the Ninth Plan was submitted to Ministry of Finance, HMG/N.
19/06/1997
SEBO restructured its internal organization to cope with the increasing responsibilities.
11/08/1997
SEBO registered 41 corporate bodies to work as securities business persons in

accordance with the provisions of Securities Exchange Act (2nd Amendment), 1983.
24/09/1997
SEBO published a booklet on "Provision on Disclosure of Corporate Information,

1997". This publication was intended to educate listed companies, investors and related
32
SEBO
institutions about the provisions relating to the timely and accurate flow of information
as provisioned in the Act, Regulation and Bye-Laws.
22/10/1997
Issued directives to the Stock Exchange and the listed companies to establish a unit to
address complaints and grievances of investors. Legal Study and Regulation Division of
SEBO was also geared to address the complaints and grievances of the investors.
23/10/1997
SEBO, for the first time, granted approval to issue redeemable and convertible
debenture after making a detailed study and developing a conceptual approach in this
regard.
17/02/1998
"Directives on Issuance of Securities and Issue Management, 1998" came into effect to
ensure transparency and accountability in the process of public offering of securities.
01/03/1998
A study on the Nepalese Securities Market commenced under the Technical Assistance
of ADB.
09/03/1998
"Securities Exchange Regulation (2nd Amendment), 1998" came into effect.
16/11/1998
SEBO's strategic plan "Meeting the Challenges Ahead, 1998-2002" was approved by
the board.
12/04/1999
SEBO forwarded the initial draft of New Securities Act, 1999 to HMG/N.
01/09/1999
SEBO developed policy criteria regarding the establishment of credit rating agencies
and forwarded it to HMG/N and NRB.
08/12/1999
Functional committees comprising representatives from NRB, ROC and NEPSE was
formed as per SEBO's policy of bringing greater co-ordination between regulatory
authorities in the field of securities registration, market monitoring and supervision.
09/12/1999
SEBO developed a concept paper on "Moving Towards International Accounting and

Auditing Standard" and forwarded it to Ministry of Finance for necessary action.
25/07/2000
SEBO organized a seminar on "Role of Company Secretaries in Nepalese Corporate

Sector"
26/07/2000
With the objectives of providing information on securities market to its stakeholders,

SEBO developed a web site, www.sebonp. com.
14/08/2000
Publication and distribution of booklet on disclosure provisions for the securities

businesspersons.
24/12/2000
Loan agreement between HMG/N and ADB for the implementation of "Corporate and
Financial Governance Project".
09/04/2001
Publication and distribution of booklet on investors' education.
14/04/2001
Issue of "Securities Registration and Issue Approval Guidelines, 2000" repealing the
previous "Conditions and Provisions for Securities Registration, 1994".
33
SEBO
05/10/1999
The formats of financial reporting for the listed companies developed by SEBO, came
in to effect through "Company Act, 1996".
10/09/2001
Issue of "Guidelines on Business Code of Ethics for Securities Brokers, 2001".
10/10/2001
Implementation of disclosure formats for Stock Exchange and Stock Brokers.
14/03/2002
"Bonus Share Issue Guidelines, 2001" made effective.
25/06/2002
Publication and distribution of booklet "Public Issue of Securities".
25/06/2002
SEBO Begins to publish the "Securities Market Review" on quarterly basis.
17/02/2003
SEBO started on-site inspection of stock exchange.
03/06/2003
SEBO approved amendment in the "Membership of Stock Exchange and Transaction

bylaws, 1998" with the objective of reducing clearing and settlement period from T+5
to T+3 and price fluctuation limit.
08/06/2003
On the occasion of completing ten years of establishment, SEBO published a book

named "Ten Years of SEBO (1993-2003)".
34
SEBO
Appendix-1
Personnel of SEBO
Name
Designation
1.
Mr. Deepak Raj Kafle
Chairman
2.
Mr. Paristha Nath Poudyal
Deputy Director
3.
Mr. Niraj Giri
Deputy Director
4.
Mr. Binaya Dev Acharya
Chief, Corporate Finance and Reports Review Division
5.
Mrs. Manju Upadhaya
Chief, Accounts and Administration Division
6.
Mr. Nabaraj Adhikari
Chief, Market Analysis & Planning Development Division
7.
Mr. Mukti Nath Shrestha
Chief, Market Regulation & Compliance Division
8.
Mr. Dhruba Timilsina
Chief, HRD and Education Division
9.
Mr. Puspa Baruwal
Secretary, Chairman's Office
Supervisory Staffs
10.
Mr. Krishna Prasad Ghimire
11.
Mr. Anuj Rimal
12.
Mr. Prem Kajee Shrestha
13.
Mr. Suraj Pradhananga
14.
Mr. Deepak Sharma
15.
Mr. Raju G.C.
16.
Mr. Nabraj Pandit
17.
Mrs. Sashi Aryal
18.
Mr. Rajan Thapa
Support Staffs
19.
Mr. Sukumar Maharjan
20.
Mr. Nahakul Bhattarai
21.
Mr. Rajesh Lage
22.
Mr. Rajan Khatiwada
23.
Mr. Arjun Prasad Dhakal
24.
Mr. Deepak Chhetri
25.
Mr. Nabraj Poudyal
35
SEBO
36
SEBO
Appendix-3

Thapathali, Kathmandu
Balance Sheet of the Fiscal Year 2002/03

(Rs. in '000)
Assets
2002/2003*
Fixed Assets
Investment
Net Working Capital
Total Assets
2001/2002
889.50
972.42
12501.97
12400.00
2285.22
1789.53
15676.69
15161.95
(Rs. in '000)
Liabilities
2002/2003*
2001/2002
General Reserve
5650.00
5100.00
Revolving Fund
7900.00
7100.00
Gratuity Fund
881.97
804.67
Surplus/Deficit
1244.72
2157.28
15676.69
15161.95
Total Liabilities
*
Provisional
37
SEBO
Appendix-3 (Contd.)
Income Statement of the Fiscal Year 2002/03

(Rs. in '000)
Income
2002/2003*
2001/2002
Grant From HMG/N
5000.00
4500.00
Interest
1011.08
965.31
Registration Fees
1595.45
2181.48
Other Income
0.03
Total Income
7606.53
7646.82
(Rs. in '000)
Expenditure
2002/2003*
Administrative Expenses
2001/2002
6342.90
5530.47
Depreciation
317.88
249.64
Excess of Income over Expenditure
945.75
1866.71
7606.53
7646.82
Total Expenditure
(Rs. in '000)
2002/2003*
Surplus of previous year
298.97
290.57
Surplus of current year
945.75
1866.71
1244.72
2157.28
Total Surplus
*
2001/2002
Provisional
38
SEBO
Appendix-3 (Contd.)
Fund Flow Statement of the Fiscal Year 2002/03
(Rs. in '000)
Sources of Fund
2002/2003*
2001/2002
Grant from HMG/N
5000.00
4500.00
Fees and Charges
1595.45
2181.48
Interest
1011.08
965.31
0.03
(495.69)
327.51
Miscellaneous Income
Additional to Gratuity Fund
Total
7110.84
7974.33
(Rs. in '000)
Uses of Fund
2002/2003*
Administrative Expenses
6342.90
5530.47
Capital Expenses
234.97
393.86
Investment
101.97
1700.00
Payment of Employee Welfare Fund
431.00
350.00
7110.84
7974.33
Total
*
2001/2002
Provisional
39
SEBO
Appendix-4
Public Issue Approval

(Fiscal Year 1993/94 to 2002/2003)
(Rs. in million)
S. N.
Name of Issuing Company
Types of
securities
Amount of Issue
Approved
Permission
Date
Issue Manager/
Fund Manager
Fiscal Year 1993/94

1
Nepal Med Ltd.
Ordinary Share
NIDC Capital Markets Ltd.
Mutual Fund
2.70
28/07/1993
CIT
100.00
28/07/1993
NCML
Ordinary Share
4.00
21/09/1993
NCML
Ordinary Share
12.00
28/09/1993
NCML
5
6
Harisiddhi Brick & Tiles Factory Ltd.
Ordinary Share
53.20
12/12/1993
NCML
Nimrod Pharmaceuticals Ltd.
Ordinary Share
18.00
16/12/1993
CIT
Nepal Lever Ltd.
Ordinary Share
13.80
30/12/1993
NCML
Necon Air Ltd.
Ordinary Share
16.50
10/01/1994
CIT
Necon Air Ltd.
Preference Share
14.00
10/01/1994
CIT
10
Ordinary Share
24.00
30/01/1994
NCML
11
Nepal SBI Bank Ltd.
Ordinary Share
36.00
22/02/1994
CIT
12
Ordinary Share
9.80
08/05/1994
CIT
13
Annapurna Finance Ltd.
Ordinary Share
2.00
10/05/1994
NSML
14
Nepal Film Development Co. Ltd.
Ordinary Share
21.90
05/06/1994
NCML
15
Agro Nepal Ltd.
Ordinary Share
9.00
12/06/1994
CIT
16
Birat Shoe Ltd.
Ordinary Share
5.00
21/06/1994
NCML
17
Birat Shoe Ltd.
Preference Share
2.50
21/06/1994
NCML
Total
344.40
Fiscal Year 1994/95

18
Premier Insurance Co. Ltd.
Ordinary Share
12.00
18/08/1994
NCML
19
Ace Laboratries (Nepal) Ltd.
Ordinary Share
12.26
04//09/1994
NFCL
20
Nepal Bangaladesh Bank Ltd.
Ordinary Share
36.00
29/09/1994
NCML
21
Everest Insurance Co. Ltd.
Ordinary Share
12.00
03/10/1994
NCML
22
Ordinary Share
19.20
08/11/1994
CIT
23
Balaju Textile Industries Ltd.
Ordinary Share
7.50
24/11/1994
NSML
24
Kathmandu Finance Co. Ltd.
Ordinary Share
8.00
29/01/1995
NCML
25
Leatherage Bansbari Tannery & Shoe

Factory Ltd.
Ordinary Share
15.00
14/03/1995
NCML
26
Ordinary Share
16.00
10/04/1995
NFCL
27
Everest Bank Ltd.
Ordinary Share
36.00
26/04/1995
NCML
28
Kosh Byabasthapan Co. Ltd.
Ordinary Share
30.25
14/06/1995
NFCL
29
Citizen Unit Scheme
Unit Scheme
50.00
29/06/1995
CIT
Total
254.21
40
SEBO
S. N.
Types of
securities
Amount of Issue
Approved
Permission
Date
Issue Manager/
Fund Manager
Fiscal Year 1995/96

30
Nepal Abbas Bikash Bitta Co. Ltd.
Ordinary Share
20.00
01/08/1995
RBB
31
Narayani Finance Co. Ltd.
Ordinary Share
4.00
11/09/1995
NFCL
32
Rights Share
33
Shree Brikuti Pulp & Paper Nepal Ltd.
Ordinary Share
34
Yeti Finance Co. Ltd.
35
Color Scan Nepal Ltd.
36
37
2.00
22/10/1995
105.00
05/12/1995
CIT
Ordinary Share
8.00
05/02/1996
NCML
Ordinary Share
14.34
25/03/1996
CIT
HISEF Finance Ltd.
Ordinary Share
24.00
25/03/1996
NCML
Universal Finance and Capital Markets Ltd.
Ordinary Share
15.00
04/04/1996
CIT
38
Fleur Himalayan Co. Ltd.
Ordinary Share
12.28
07/04/1996
NCML
39
Ordinary Share
12.00
14/04/1996
NSML
40
Samjhana Finance Ltd.
Ordinary Share
10.12
06/06/1996
RBB
41
Seti Cigarette Factory Ltd.
Rights Share
67.00
02/07/1996
Total
293.74
Fiscal Year 1996/97

42
Ordinary Share
12.00
26/07/1996
NSML
43
Ordinary Share
45.00
03/10/1996
NCML
44
Himalyan General Insurance Co. Ltd.
Rights Share
30.00
03/04/1997
AFCL
45
Bottlers Nepal Ltd.
Rights Share
225.20
03/04/1997
CIT
46
Rights Share
20.00
13/05/1997
AFCL
8.00
17/08/1997
NSML
Total
332.20
Fiscal Year 1997/98

47
General Finance Co. Ltd.
Ordinary Share
48
Nepal Bitumin & Barrel Udyog Ltd.
Ordinary Share
7.40
17/08/1997
NSML
49
Ordinary Share
46.50
23/10/1997
NCML
50
Debenture
93.00
23/10/1997
NCML
51
Neco Insurance Ltd.
Ordinary Share
20.00
26/10/1997
CIT & RBB
52
Nepal United Co. Ltd.
Rights Share
3.01
16/11/1997
NFCL
53
Nepal Bank Ltd.
Rights Share
241.95
27/11/1997
CIT
54
Mahalaxmi Finance Co. Ltd.
Ordinary Share
10.00
15/12/1997
NFCL
55
Paschimanchal Finance Co. Ltd.
Ordinary Share
8.00
05/01/1998
NSML
56
Rights Share
5.00
25/01/1998
NFCL
57
Ordinary Share
9.50
02/04/1998
NCML
58
Goodwill Finance & Investment Co.

(Nepal) Ltd.
Ordinary Share
10.00
27/05/1998
NCML
Total
462.36
41
SEBO
S. N.
Types of
securities
Amount of Issue
Approved
Permission
Date
Issue Manager/
Fund Manager
Fiscal Year 1998/99

59
Ordinary Share
20.00
12/08/1998
CIT
60
Taragaon Regency Hotels Ltd.
Ordinary Share
120.00
16/12/1998
NCML, NMB
61
Preference Share
80.00
16/12/1998
NCML, NMB
62
Pokhara Finance Co. Ltd.
Ordinary Share
8.00
22/03/1999
CIT
63
Rights Share
30.00
25/05/1999
AFCL
Total
258.00

64
Universal Finance & Capital Market Ltd.
Ordinary Share
3.26
13/09/1999
CIT
65
Nepal Industrial & Commercial Bank Ltd.
Ordinary Share
175.00
15/11/1999
NCML& NMB
66
Ordinary Share
(not issued)
50.00
30/12/1999
NCML
67
Necon Air Ltd.
Rights Share
89.60
21/01/2000
CIT
68
Lumbini Finance & Leasing Co. Ltd.
Ordinary Share
24.00
01/02/2000
NSML
69
Paschimanchal Finance Co. Ltd.
Rights Share
20.00
14/02/2000
NSML
70
Rights Share
15.00
29/03/2000
NSML
71
Ordinary Share
10.20
14/06/2000
NCML
72
Oriental Hotels Ltd.
Ordinary Share
150.00
27/06/2000
NCML
Citizen Unit Scheme
Additional Sale
93.25
Total
630.31

73
Siddartha Finance Ltd.
Ordinary Share
8.00
07/11/2000
NMB
74
Ordinary Share
50.00
30/11/2000
NCML
75
Ordinary Share
5.00
12/12/2000
NEFINSCO
76
Nepal Bangladesh Finance & Leasing Co.

Ltd.
Ordinary Share
7.50
19/01/2001
NSML,NSMB
77
Rights Share
12.58
12/03/2001
NSML
78
Nepal Bank of Ceylon Ltd.
Ordinary Share
150.00
13/04/2001
NCML,NSMB,
CIT
(not issued)
79
Everest Bank Ltd.
Rights Share
119.21
30/05/2001
CIT
80
Ordinary Share
48.00
18/06/2001
CIT, NMB
81
Rights Share
234.00
13/07/2001
NCML
Citizen Unit Scheme
Add. Sale
Total
82.91
717.20
42
SEBO
S. N.
Types of
securities
Amount of Issue
Approved
Permission
Date
Issue Manager/
Fund Manager
Ordinary Share
173.46
10/08/2001
NCML

82
Himalayan Distillery Ltd.
83
Rights Share
15.00
20/11/2001
NSML
84
Ordinary Share
24.00
20/12/2001
NCML
85
Ordinary Share
48.00
02/01/2002
NMB
86
Ace Finance Ltd.
Rights Share
45.00
02/01/2002
NSML
87
Nepal SBI Bank Ltd.
Rights Share
287.87
15/01/2002
NMB
88
Rights Share
40.00
18/03/2002
CIT
89
Nepal Bank Of Ceylon Ltd.
Ordinary Share
150.00
25/03/2002
NCML,
NSMB
24.00
08/05/2002
NMB
360.00
04/06/2002
NMB
(Not issued)
90
United Finance Ltd.
Ordinary Share
91
Himalayan Bank Ltd.
Debenture
92
Ordinary Share
50.00
07/06/2002
NMB
93
Nirdhan Utthan Bank Ltd.
Ordinary Share
3.30
14/06/2002
CIT
94
Everest Bank Ltd.
Pref. Share
140.00
18/06/2002
NSML
95
International Leasing & Finance Co. Ltd.
Ordinary Share
30.00
26/06/2002
NMB
96
Gorkha Finance Ltd.
Ordinary Share
10.00
05/07/2002
NSML
97
Ordinary Share
16.00
16/07/2002
CIT
Citizen Unit Scheme
Additional Sale
138.48
Total
CIT,
1555.11

98
Ordinary Share
50.00
22/07/2002
NCML
99
Ordinary Share
40.00
23/07/2002
NCML
100
Mutual Fund
100.00
09/08/2002
Mgmt.: NCML
Trusty: NIDC
101
Right Share
57.24
19/08/2002
NCML
102
Ordinary Share
8.00
28/08/2002
NEFINSCO
103
Ordinary Share
8.00
17/09/2002
NCML
104
Ordinary Share
8.00
4/12/2002
NEFINSCO
105
Ordinary Share
8.00
24/12/2002
NCML
106
Machhauchhre Bank Ltd.
Ordinary Share
165.00
31/12/2002
NMB
107
Right Share
60.00
06/01/2003
CIT
108
Right Share
25.00
12/02/2003
NFCL
109
NB Insurance Co. Ltd.
Ordinary Share
20.00
02/04/2003
CIT
110
Right Share
20.00
05/05/2003
NCML
43
SEBO
S. N.
Types of
securities
Amount of Issue
Approved
Permission
Date
Issue Manager/
Fund Manager
111
Butwal Finance Ltd.
Ordinary Share
20.00
22/05/2003
NMB
112
Om Finance Ltd.
Ordinary Share
8.00
18/06/2003
NEFINSCO
113
Laxmi Bank Ltd.
Ordinary Share
192.50
30/06/2003
CIT
114
Ordinary Share
24.00
01/07/2003
NMB
Citizen Unit Scheme
Additional Sale
40.68
Total
854.42
Grand Total
5701.95*
* Only the amount as per the re-issue approval is included
44
SEBO
Appendix-5
List of Listed Companies

S.N.
Name of the Company
Listing
Date
Address
Tel. No.
Fax No.
POB 3729, Nabil House, Kamaladi, Ktm.
4429546,
4429548
E-mail : nabil@nabil.com.np
4429547
Bank
1
Nabil Bank Ltd.
24/11/1985
4435380-85
2
22/07/1986
POB 3412, Darbar Marg, Ktm.
4228229,
4226349
4242530
3
Standard Chartered Bank (Nepal) Ltd.
04/07/1988
POB 3990, Naya Baneshwor, Ktm.
4246753,
E-mail : ANZ@Dixitu.com
4246754,
4226762
4229333
4
Himalayan Bank Ltd.
05/07/1993
POB 20590, Tridevi Marg, Thamel, Ktm.
4250201,
E-mail : hbl@hbl. mos.com.np
4227749
4222800
4227745,
4227756
5
6
Nepal SBI Bank Ltd.

17/01/1995
24/12/1995
POB 6049, Hattisar, Kamalpokhari, Ktm.
4435516,
E-mail : nsblco@mos.com.np
4435613
POB 9062, Bijuli Bazar, New Baneshwor, Ktm.
4490195,
E-mail : nbbl@mos.com.np
4490698
4435612
4490824
4490767,
4490770
7
Everest Bank Ltd.
07/04/1996
POB 13384, EBL House, Lazimpat, Ktm.
4443377,
E-mail : elb@mos.com.np
4443863
4443160
4443864
8
17/07/1997
POB 9044, Kamal Pokhari, Ktm.
4414541
4418990
021-521921
522748
4243718
4227507
Central Off. POB:41, Naya Bazar, Pokhara-9,
061-530900
530500
Corp: off: POB:12427, Putalisadak, Ktm.
4425356
E-mail : info@bok.mos.com.np
9
Nepal Industrial & Commercial Bank
13/06/2000
Ltd.
Central Off. POB 252 Main Road, Biratnagar

Email: nicb@brt wlink.com.np
City Off. New Road. POB 7367 Ktm
Email: newroad@ nicbank.com.np
10
Machhapuchhre Bank Ltd.
28/05/2003
Email: machbank@.mbl.com.np
11
Laxmi Bank Ltd.
20/04/2004
POB.61, Adarsanagar, Birgunj, Parsa.
051-526195,
Email: info@laxmibankltd.com.np
530194
4228322
530393
Development Bank
1
Nepal Industrial Development

Corporation
18/03/1985
E-mail : nidc@Wlink.com.np
45
4227428
SEBO
S.N.
Name of the Company
Listing
Date
31/12/2001
Address
Tel. No.
Fax No.
POB 11017, Heritage Plaza, Ktm.
4245740,
4245753
Email: ndb@ccsl.com.np
4245759,
4254639
13/06/2002
24/04/2003
POB 7716, Kathmandu Plaza, Kamaladi, Ktm.
4231120,
Email: info@dcbl.com.np
4231490
Central Off. POB:41, Siddharthanagar,
071-523764,
Rupandehi,
523768
4231469
521647
Email: nirdhan@.mail.com.np
Finance Company
1
2

02/02/1993
28/06/1993
POB 6867, Kamaladimode, Putalisadak, Ktm.
4220031,
E-mail: nefinco@info.com.np
4247020
POB 7423, Kamal Pokhari, Ktm.
4423398,
E-mail: ncml@wlink.com.np
4415958
4241237
4423401
4423219
3
06/07/1993
POB 6942, Pako, New Road, Ktm.
4242302,
E-mail : nfc@nfcl.wlink.com.np
4228380
4222920
4240134
4
28/10/1993
POB 7958, Ram Shah Path, Ktm.
4425864,
4430109,
4426984
4241696
4430153,
4250427
5
Annapurna Finance Company Ltd.
22/09/1994
POB 288, Chipledhunga, Pokhara - 4
061-522671,
E-mail : anapurna@afc.mos.com.np
524556
525797
13/07/1995
POB 5090, New Plaza, Putlisadak, Ktm.
4430506,
07/08/1995
POB 9416, K. K. M. Building,
4430527
4255829,
4262405,
4252178
4260951
4246551
Tripureswor, Ktm.
E-mail : finance@peoples.Wlink.com.np
8
POB 9263, Kathmandu Plaza, X Block,
4240779,
Promoter's Share
27/11/1995
Third Floor, Kamaladi, Ktm.
4240813,
Ordinary Share
16/07/2002
E-mail : union@unlimit.com.np
4231512
26/12/1995
POB 5823, Putalisadak, Ktm.
4228759,
4240598
10
01/05/1996
4490259,
4493753
11
HISEF Finance Ltd.
18/06/1996
POB 8857, Hattisar, Kantipath, Ktm.
4444739,
4445200
4444743
City Office : POB 4861, Baluwatar, Ktm.
4422554
4426690
Central Office : POB 03, Sahid Chowk,
056-520313,
520345
522230
E-mail : hisef@Wlink.com.np
12
25/06/1996
Narayanghat, Chitwan
E-mail : narayani@nafil.mos.com.np
46
4240645
SEBO
S.N.
13
Name of the Company
Listing
Date
20/11/1996
Address
Tel. No.
Fax No.
POB 13383, Kantipath, Ktm
4249396,
4249388
4249477
E-mail : ace@mos.com.np
4266101,
4266102
14
15
Yeti Finance Co. Ltd.
23/01/1997

Promoter's Share
19/02/1997
Ordinary Share
27/02/2003
POB 35,Main Road, Hetauda, Nepal
057-520822,
521842
Contract Office: Teku, Ktm.
4240711,
4226423
POB 10951, Siddhi Bhowan Kantipath, Ktm.
4222508,
4220337-38
4258239
4231050
16
Shamjana Finance Co. Ltd.
28/03/1997
City Office : POB 10457

Ward No. 30 Kamalachhi , Ktm.
Head Office : Banepa, Kavre
4231051
17
Universal Finance & Capital
10/04/1997
POB 12396, Kamalachhi, Ktm.
4230234,
Markets Ltd.
18
Nepal Housing & Merchant
General Finance Ltd.
011-661207
4245895
4240998,
4245860
08/08/1997
Finance Ltd.
19
521842
20/04/1998
POB 10609, Batule ghar, Dillibazar, Ktm.
4430528,
E-mail : nhmf@ccsl.com.np
4430838,
4436182
Central Office: POB 20258 Chabahil, Ktm.
4484753,
4484754
4436183
4484753
Branch Office: New Road (Ranjana Galli), Ktm. 4258880

20
31/08/1998
POB 65, Alikiiya Road, Birgunj
051-523271,
529143
524340
21
08/10/1998
GPO 8975, EPC 585, Lagankhel, Lalitpur
5536598,
5531916
Email: lalitpur@fclWlink.com.np
5523850
POB 8867 Dillibazar, Ktm.
4422290,
4422878
4416052
22
22/12/1998
Email: goodwill@FinanceWlink.com.np
23
20/05/1999
POB 11, Butwal, Rupandehi
071-541609,
543924
541924
24
Pokhara Finance Co. Ltd.
02/09/1999
POB;470, Gairapatan, Pokhara
061-524942,
524975
531610
Email: :pfl@ Pofil.mos.com.np
531145
25
Lumbini Finance & Leasing Co. Ltd.
08/01/2001
POB 11503, Tridavi Marga, Thamel, Ktm.
4423443,
4423445
4425655
26
20/06/2001
Siddhartha Nagar, Bhairahwa
071-521478,
4442968
523272
4246160
4246156
4241605,
4228470
4241605
021-530903,
530972
521851
Contact Office: Ramshahpath, Ktm.

Email: sfil@mos.com.np
27
Nepal Merchant Banking &
20/06/2001
Finance Ltd.
POB 11543, I.J. Plaza, Darbarmarg, Ktm.

Email: nmb@Wlink.com.np
28
12/10/2001
29
Nepal Bangladesh Finance & Leasing

Co. Ltd.
12/10/2001
POB 12034, Aradhana Complex, Bagbazar,

Ktm.
Email: alpic@info.com.np
Head Off: Main Road, Biratnagar,
Liaison Off: POB 21754, New Banashwor,
Ktm.
47
4490195,
4490770
SEBO
S.N.
Name of the Company
Listing
Date
Address
Tel. No.
Fax No.
30
International Leasing & Finance Co.

Ltd.
26/11/2002
4480067,
4481010,
4481011
4482267
31
United Finance Ltd.
26/11/2002
POB 12311, I.J.Plaza, Durbar marg, Ktm.
4241648,
4241649
4241645
Email: ufl@mos.com.np
32
14/02/2003
POB 10717,Dillibazar Ktm.

Email: shreefin@finance.mos.com.np
4421779,
4422038,
4426146,
4415344
33
18/03/2003
POB 7062, Kupondol, Lalitpur

Email: central@ntc.net.np
5522289,
5536420,
5544517
5523526
34
24/04/2003
POB 12248, N.S.L.B Building, Kamaladi, Kth.
4440300,
4440824,
4441200,
4441198
441034
35
28/05/2003
POB 13471, Manbhawon, W. No.5, Lalitpur
5521402,
5521223
5550412
36
05/08/2003
POB. 25, Itachhan, Bhaktapur.
6612999,
6614699
6611999
071-44288,
44888
47811
041-21586,
23339
23340
Email: mafaco@infoclub.com.np
37
Butwal Finance Ltd.
30/12/2003
POB. 25, Amar Path-7, Butwal.

Email: butwalfin@bcci.com.np
POB. 30, Bhanu Chok, Janakpur.
4421779
38
30/12/2003
39
02/03/2004 POB. 8973, N.P.C.164, Ramsahapath, Ktm.
4244504,
4240004
4253368
40
Om Finance Co. Ltd.
02/03/2004
POB. 538, Newroad, Pokhara.
061-32600,
32700
32800
41
Cosmic Marchant Banking & finance

Ltd.
02/05/2004
POB. 21507, Laldurbar, Kathmandu.
4222154,
4223178
4232478
POB 527, Ramsaha Path, Ktm.
4213943,
4262610
E-mail :
4247385,
Email: cmbfl@wlink.com.np
Insurance Company
1
Rastriya Beema Sansthan
08/11/1984
ema@Wlink.com.np
4247386,
4240320
2
3
Nepal Insurance Co. Ltd.

National Life & General Insurance Co.
08/11/1984
20/12/1988
POB 3623, NIC Building, Kamaladi, Ktm.
4221353,
E-mail : nic@wlink.com.np
4245565/68
POB 4332, Lazimpat, Ktm.
4412625,
Ltd.
4225446
4416427
4416556,
4418113,
4426002
4
5

United Insurance Co.(Nepal) Ltd.
26/01/1994
01/08/1994
4231788,
4223906,
E-mail : ktm@hgi.com.np
4231581
4226604
POB 9075, I.J. Plaza, Darbar Marg,
4230958,
4246687
Tindhara Pathashala, Ktm.
4240957,
E-mail : uic@dmarg.mos.com.np
4246686,
4220492
48
SEBO
S.N.
Name of the Company
Everest Insurance Co. Ltd.
Listing
Date
03/04/1995
Address
Tel. No.
Fax No.
POB 10675, Siddhi Bhawan, Kantipath, Ktm.
4240363,
4240083
E-mail : eveinsco@mos.com.np
4243631
4255679,
4255680
8
9
Premier Insurance Co. Ltd.

03/05/1995
30/03/1998
14/04/2000
POB 9183, Ram Rukmani Sadan, Kamaladi,
4417765,
Ramsah Path, Ktm.
4420549,
E-mail : premier@picl.com.np
4420659
POB 12271, Hattisar, Laldarbar, Ktm.
4427354,
E-mail : info@necoins.mos.com.np
4427355
City Off Kings way, Ktm.
4222836,
Redg Off. POB 10811. Sitapaila, Ring Road.
4253166
Email: SK@aicwlink. com.np
4272264,
4420554
4418761
4241411
4273740
4274467
10
15/03/2001
POB 12211, Kathmandu Plaza, Kamaladi,
4240896,
Email: sagarmatha@insuranceWlink.com.np
4241245,
4247947
4247941
11
N.B. Insurance Co. Ltd.
13/04/2001
Bagbazar, Ktm.
4418862
12
22/01/2003
Heritage Plaza, Kamaladi, Kathmancu.
4223440,
Email: nlic@mos.com.np
4241212,
4240143
4223189
13
Life Insurance Corporation (Nepal)
21/03/2003
Ltd.
POB 21905, Kathmandu Plaza, Kamaladi, Ktm.
4229688
4229689
POB 1016, Lal Darbar, Darbar Marg, Ktm.
4248999,
4227782
E-mail : businesscentre@yakandyeti.com
4240520
POB 3800, Tahachal, Ktm.
4273999
4272206
4491234
4470409,
Email: lic@licnepal.com
Hotel
1

Ordinary Share
22/10/1984
Preference Share
11/04/1994
Soaltee Hotel Ltd.
07/02/1993
E-mail : shl@shicp.com.np
3
POB 9604, Bouddha, Ktm.
Ordinary & Preference Share (Promoter) 13/10/1998

4
Ordinary & Preference Share (Public)
18/11/1999
Oriental Hotels Ltd.
21/08/2001
4481786
POB 2269, Lazimpat, Ktm.
4411818,
4411720
4423888

1
2
Nepal Battery Co. Ltd.

The Juddha Match Factory
21/06/1984
23/07/1985
(Biratnagar) Ltd.
3
Morang Sugar Mills Ltd.
POB 3194, BID, Balaju, Ktm.
4350909,
E-mail : eveready@mos.com.np
4350954
Office : Rainbasera, Gangapath, Ktm.
4221574
Fact.: Rani, Mills Area, Biratnagar, Morang

01/10/1985
Head Office: POB 33, Rani, Mills Area,
021-522733
Biratnagar-20
524792
Branch Office: POB 483, Salt Trading
4271418
Corporation Ltd. Building Kalimati, Ktm.-13

4
Nepal Plywood & Bobbin Co. Ltd.
4350913
30/10/1985
Office : Rainbasera, Gangapath, Ktm.
4221574,
Head Office: Purniya, Biratnagar, Morang
021-522776
49
526517
4271704
SEBO
S.N.
Name of the Company
Listing
Date
Address
Himal Cement Co. Ltd.
28/07/1986
POB 321, Chovar, Ktm.
Bottlers Nepal Ltd.
05/11/1986
POB 2253, BID Balaju, Ktm.
Tel. No.
Fax No.
4331761-4,
4330958
4350602,
4350227
4351871
7
Nepal Lube Oil Ltd.
14/12/1986
Corporate Off : POB 1916, Chaudhari Tower,
5545891-95
Jhamishikhel, Lalitpur.
Fact.: Amlekhgunj, Bara
4244763
529104
053-529104
E-mail : cg gulf@mos.com.np
8
Biratnagar Jute Mills Ltd.
14/12/1986
Office : Dillibazar, Ktm.
4423246
Fact. : Mills Area, Biratnagar - 20, Morang
021-525058,
530242
523243,
523246-48
9
Nepal Banaspati Ghee Udyog Ltd.
05/06/1988
City Office: POB 483, Kalimati, Ktm.
4271270,
4271704
4271418
Fact. : POB 8, HID, Hetauda, Narayani Zone
057-520369,
E-mail : santintd@Wlink.com.np
520660,
520751
520752,
520753
10
17/06/1988
Head Office: POB 22, Golchha House,
021-530316
524809
Main Road, Biratnagar

Fact.: POB 114, Mills Area,Rani, Biratnagar
021-524896
E-mail : raghujm@ccls.com.np
11
12
13
Butwal Dhago Karkhana Ltd.
Gorakhkali Rubber Udhyog Ltd.
14/11/1988
08/03/1991

Ordinary Share
27/09/1991
Preference Share
27/09/1991
4251293
Head Office: POB 37, Ramnagar, Butwal
4251295,
4252537
071-540963
Office: POB 1700, Kalimati, Ktm.
4271102,
4270367
Fact.: Majuba, Deurali, Gorkha
4274537
540080
E-mail : gral@wlink.com.np
065-540069
GPO Box 133, Jyoti Bhawan, Kantipath, Ktm.
4227517,
4224720,
4225490
4226314
051-539405/7/8
539409
Office: POB 2253 BID Balaju, Ktm..
4350602
4350227
Fact: POB: 20, Bharatpur-9, Chitwan
056-520416,
520316
City Office: POB 3550, Anamnagar, Ktm.
Fact. Jyoti Firm, POB: 1, Parwanipur, Birgunj
540308
E-mail : jsml@jyoti.mos.com.np
14
07/11/1991
520031
15
16/12/1991
Office : GPO 363, Golchha House,
4250001,
Ganabahal, Ktm.
4221101
Fact: POB 24, 25 Duhabi, Sunsari
025-540049-51
524395
M.D.'s Office : Golchha House, Main Road,
021-525310,
524395
Biratnagar
525081
E-mail : ovul@ccsl.com.np
E-mail : golcha@ccsl.com.np
16
Sayapatri Colour Lab. Co. Ltd.
03/09/1992
Ward No. 1, Jamal, Ktm.
50
4227692
4224823
SEBO
S.N.
Name of the Company
Listing
Date
17
Harisiddhi Brick & Tiles Factory Ltd.
05/05/1994
Address
City Office : POB 476, Kamaladi, Ktm.
Tel. No.
Fax No.
4241344,
4240665
4248327
4222637,
5522776
4240698
18
Nepal Lever Ltd.
22/09/1994
Fact. : Harisiddhi, Lalitpur
5521451,
E-mail : nbgroup@mos.com.np
5521178
Corporate Off: POB 7765 Heritage Plaza, Ktm.
4253351,
4254097
4269218
19
20
Khadhya Udyog Ltd.
Birat Shoe Ltd. Ordinary Share

Preference Share
Fact.: POB 11, Hetauda, Makawanpur
057-521632,
E-mail : nilktm@mos.com.np
521958
City Office :POB 483, Kalimati, Ktm.
4271395
4271704
Fact : POB 6, Hetauda Industrial District
057-520127,
520276
E-mail : noonkath@mos.com.np
520315
25/10/1994
Head Office : POB 1887, Dillibazar, Ktm.
4418429
25/10/1994
Fact.: Budhanilkantha, Ktm.
4371666,
25/11/1994
520655
4414859
4290666
21
Nepal Med Ltd.
17/01/1995
POB 6943, Ktm.
4214083
22
Ace Laboratories (Nepal) Ltd.
21/03/1995
City Office : POB 4250, Dhakhwa Building
4252908,
(First Floor), Dharmapath, Ktm.
4241501,
4222911
4230681
4230681
Fact. : POB 110, Simara, Bara, Birgunj
053-520229
E-mail : acelabnp@Wlink.com.np
23
28/05/1995
Registered Office: Ward No. 7, Birgunj
4250015,
4225406
Cont. Off. POB.2441, Ranjana Galli, Ktm.
4230429
4224484
4421184,
4421884
Birgunj Office: POB, 32, Adersa agar,Birgunj
051-522799
Fact.: Parwanipur, Parsa

24
Shree Bhrikuti Pulp and
01/06/1997
Head Office: POB 3259, Naya Baneswor, Ktm.
Paper Nepal Ltd.
25
Fleur Himalayan Ltd.
4486155,
4472443
4471030
03/09/1997
Fact.: Gaidakot, Nawalparasi
056-520230,
Email: bhrikuti@mos.com.np
520266
Mkt. Office : Gha -3, Pulchowk, Latitpur
5529436,
521176
5529434
5529059
Fact.: Adarsha Nagar, Birgunj
051-521097
522084
076-520166
520166
4250001,
4249723
E-mail : nplmkt@Wlink.com.np
26
Leatherage Bansbari
01/04/1998
27
Fact.: Ward No. 5, Khirindpur, Chanauta,

Krishna Nagar
Tannery and Shoe Factory Ltd.

Registered Off:Golchha House,Ganabahal,Ktm.
Ordinary Share
18/04/1999
Debenture
18/04/1999
4250004
Fact:Mahammadpur (Garuda), Rautahat District
E-mail : sriram@golchha.com
51
055-529506
529504
SEBO
S.N.
28
Name of the Company
Nepal Bitumen and Barrel
Listing
Date
10/05/1999
Address
City Office: POB 4508, Pulchok, Lalitpur
Udhyog Ltd.
Tel. No.
Fax No.
5536311,
5536815
5520343
Fact.: Amlekhgunj, Bara
053- 529103
529109
POB 423 Jawalakhel, Lalitpur
5522010,
5538236
Email: jd@ecomail.com.np
5538239,
E-mail: bitumin@panchakanya.mos.com.np
29
Himalayan Distillery Ltd.
21/03/2003
5538875
Trading Company
1
08/11/1984
POB 4565, Sukrapath, Ktm.
4242185,
4248893
4222423
4228343
2
Salt Trading Corporation Ltd.
Nepal United Co. Ltd.
08/11/1984
15/06/1988
POB 483, Kalimati, Ktm.
4270315,
4271704,
Email: noonkath@mos.com.np
4271208,
4271395
saltkath@mos.com.np
4271014
POB 1389, 6/286, Ganabahal, Ktm.
4249453,
4249980
4250009
4
Plastic Trading Co. Ltd.
25/07/1989
POB 4871, Teku, Ktm.
4262258
Nepal Byapar Co. ( Koshi ) Ltd.
14/09/1989
POB 135, Ward No. 17, Biratnagar, Morang
021-525119,
525289
Nepal Byapar Bikash Co. Ltd.
04/09/1990
POB 2714, Kuleshwor, Ktm.
4283007,
4226134
4224514
7
Nepal Trading Ltd.
18/12/1992
POB 7146, Chakra Path, Sanepa, Lalitpur
5522941
Nepal Welfare Company Ltd.
12/12/1994
POB 9478, Maitidevi,Ktm.
4429406
18/06/1989
POB 1318, BID Balaju, Ktm.
4350522,
E-mail : npedc@Wlink.com.np
4350566
5535730
Other
1
National Productivity & Economic

Development Centre Ltd.
4350530
4350567
2
Necon Air Ltd. Ordinary Share
rd
09/05/1994
POB 10038, Neco Complex Building 3 Floor,
Preference Share
09/05/1994
Baneswor, Ktm.
4473860
4471679
Nepal Film Development Co. Ltd.
15/07/1996
GPO 549, Balaju Industrial Estate, Ktm.
4350113,
4350511
E-mail : nfdc@complex.mos.com.np
4350947
POB 6518, Kathmandu
4437359,
Email: nspc@info.com.np
4437362
E-mail : info@necon.mos.com.np
3
4
National Hydro Power Co. Ltd.
02/07/2003
52
4410411
SEBO
Appendix-6
List of Securities Businesspersons
S.
Name of Securities Businessperson
Address
Tel. No.
Fax No.
N.
Broker
1
Kumari Securities (P) Ltd.
POB 20189, Dillibazar, Ktm.
4418036
4418369
Arun Securities (P) Ltd.
POB 8136, Putlisadak, Ktm.
4419051
4420572
Opel Securities (P) Ltd.
Baluwatar, Ktm.
4423509
Market Securities and Exchange Co. (P) Ltd.
Dharmapath, Ktm.
4248973
Agrawal Securities (P) Ltd.
POB: 4760 Sankardev Marg, Ktm
4430780,
229739
Aashutosh Brokerage & Securities (P) Ltd.
Khichapokhari, Ktm.
4227510,
4220276
Pragyan Securities (P) Ltd.
POB: 10087, Gaushala, Ktm.
4491683,
4498234
Malla and Malla Stock Broking Co. (P) Ltd.
Dillibazar, Ktm.
4414263,
4416050
Om Securities and Allied Services (P) Ltd.
POB 2654, New Plaza, Ktm.
4431386,
4442122
10
Annapurna Securities Service (P) Ltd.
Putalisadak, Ktm.
4419051
4420572
11
Nepal Stock House (P) Ltd.
POB: 8978Anamnagar, Ktm.
4245012
4255732
12
Nikhil Securities (P) Ltd.
Anamnagar, W.No. 32, Ktm.
4770726
13
Primo Securities (P) Ltd.
4230787
14
Khandelwal Stock Broking Co. (P) Ltd.
Tahachal, Ktm.
4284943
15
Sagarmatha Securities (P) Ltd.
Kha 2/450, Putalisadak, Ktm.
4242548
16
Nepal Investment & Securities Trading (P) Ltd.
Maitidevi, Ktm.
4413201,
4495450
17
Sipla Securities (P) Ltd.
6/50 New Road, Ktm.
4255782
18
Midas Stock Broking Co. (P) Ltd.
W.No. 13, Kalimati, Ktm.
4414263,
4416050
19
Siprabi Securities (P) Ltd.
POB 5705, Kupondol, Ktm.
5530701
20
Shiva Shakti Stock & Investment (P) Ltd.
POB 1979, Kamaladi, Ktm.
4221123
21
Sweta Securities (P) Ltd.
RadhaKuti Arcade, Putalisadak, Ktm.
4444791
22
Asian Securities Ltd.
Kha2- 691, Adwait Marg, Ktm.
4240609,
4258160
4241817
23
Sri Krishna Securities Ltd.
Dhakhwa Building, New Road Ktm.
4224262,
4222209
4224262
24
Trishul Securities & Investment Ltd.
Putalisadak, Ktm.
4440708
53
4240162
4226507
4255580
4223145
4438197
SEBO
S.
Name of Securities Businessperson
Address
Tel. No.
Fax No.
N.
25
Yeti Securities Co. Ltd.
Putalisadak, Ktm.
4493195
26
J.F. Securities (P) Ltd.
4231339
27
Premier Securities Co. Ltd.
POB: 11185, Ramshahpath, Ktm.
4231339
Pako, New Road, Ktm.
4228380,
4266422,
4266422
4266422
Issue Manager
28
National Finance Co. Ltd. (NFC)
4222920
4242302
29
Ace Finance Co. Ltd. (AFCL)
Kanti Path, Ktm.
4249396/88,
4249477
4266101
30
NIDC Capital Markets Ltd. (NCML)
Kamal Pokhari, Ktm.
4423219/398
4423401
31
Citizen Investment Trust (CIT)
Putalisadak, Ktm.
4228759,
4240598
4240645
32
Nepal Merchant Banking & Finance Ltd (NMB)
Darbar Marg, Ktm.
4246160
4246156
33
Kamaladi, Ktm.
4220031,
4247020
4241237
34
Putalisadak , Ktm.
4252332,
4267597
4430109
Issue Manager and Securities Dealer

35
Nepal Sri Lanka Merchant Bank Ltd. (NSLMB)
Kamaladi, Ktm.
4440824/300
36
United Finance Ltd. (UFL)
Darbar Marg, Ktm.
4241648/49
54
4241645
SEBO
Total Public Issue Approval

(Fiscal Year 1993/94 2002/03)
Secterwise
Other Co. 2.49

Trading Co.0.05
Mfg & Processing
Co.15.83
Commercial Bank
42.54
Hotel. 6.14
Insurance Co.4.56
Collective Investment
Scheme 10.62
Finance Company
16.03
Development Bank
1.74
Instrumentwise
Citizen Unit Scheme

7.11
Mutual Fund 3.51
Debentures 7.94
Preference Share 4.15
Oridinary Share
48.1
Rights Share 29.19
55
SEBO
Amount of Public Issue Approval

(Fiscal Year 1993/94 t o 2002/03)
2000
1555.1
Rs. in Million
1500
854.4
1000
630.3
500
344.4
717.2
462.4
254.2
293.7
332.2
258.0
0
1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03
Fiscal Ye ar
Number of Public Issue Approval

(Fiscal Year 1993/94 to 2002/03)
20
17
16
17
Rs. in Million
15
12
12
12
9
10
5
0
1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03
Fiscal Ye ar
56
SEBO
Number of Listed Companies

(Fiscal Year 1993/94 to 2002/03)
Number
150
100
79
89
101
95
107
110
115
108
96
66
50
0
1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03
Fiscal Year
Paid-up Value
(Fiscal Year 1993/94 to 2002/03)
16000
12560.06
Rs. in Million
12000
9685.04
8000
6487.36
4476.52
4000
2182.20
2961.80
7347.40
8165.20
4959.75
3358.47
0
1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03
Fiscal Ye ar
57
SEBO
Annual Turnover
(Fiscal Year 1993/94 to 2002/03)
2344.16
2500
Rs. in Million
2000
1540.63
1499.98
1500
1157.00
1054.27
1000
575.80
441.56
500
416.23
215.61
202.61
0
1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03
Fiscal Ye ar
Market Capitalization
(Fiscal Year 1993/94 to 2002/03)
50000
46349.4
43123.0
Rs. in Million
40000
34703.9
30000
20000
35240.4
23508.0
13872.0
12963.0
12295.0
12698.0
14289.0
10000
0
1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03
Fiscal Year
58
SEBO
NEPSE Index
(Fiscal Year 1993/94 to 2002/03)
360.70
348.43
400
226.03
204.86
300
Point
185.61
163.35
200
216.92
195.48
100
227.54
176.31
0
1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03
Fiscal Ye ar
59

SEBON Annual Report - 2002 - 2003en

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SEBO

Annual Report 2002/03

Securities Board, Nepal

Fiscal Year 2002/2003

Annual Report 2002/03

Brief Economic Outline

Source: Economic Survey 2002/03

Bangladesh, India, Maldives, Nepal, Pakistan, Sri Lanka.

USA, Japan, Germany, France, UK, Canada

Annual Report 2002/03

Economic Growth Rate (Percent)

Gross Domestic Product (Growth rate)

Gross National Income (Rs. in Million)

Gross National Saving (Rs. in Million)

Gross Domestic Saving (Rs. in Million)

Total Investment (Rs. in Million)

Total Consumption (Rs. in Million)

Foreign Trade# (Rs. in Million)

Total Fixed Capital Formation (Growth rate)

a. Fixed Capital Formation in Private Sector

b. Fixed Capital Formation in Public Sector

Total Loan of Commercial Banks

a. To HMG/N# (Growth rate)

Source: Economic Survey 2002/03

Up to the end of Falgun

Annual Report 2002/03

Annual Report 2002/03

HMG/N Policies and Programmes

Annual Report 2002/03

Modernizing the stock exchange.

Policies and Working Policies

e) Programmes and Implementation Structure

Annual Report 2002/03

Privatize NEPSE and develop it as a self-regulatory organization following good governance

Annual Report 2002/03

Securities Board (SEBO)

Provide license to corporate bodies to operate stock exchange business.

Supervise and monitor stock exchange and securities businesspersons.

Annual Report 2002/03

Highlights of the SEBO's Activities

Improvement in Organizational Structure

Public Issue Approval

Name of the Company

Life Insurance Corporation (Nepal) Ltd.

Nepal Srilanka Merchant Bank Ltd.

NIDC Capital Market Ltd.

Nepal Investment Bank Ltd.

Janaki Finance Co. Ltd.

Central Finance Co. Ltd.

Navadurga Finance Co. Ltd.

Premier Finance Co. Ltd.

Machhapuchere Bank Ltd.

Nepal Share Markets & Finance Ltd.

Mahalaxmi Finance Ltd.

NB Insurance Co. Ltd.

Peoples Finance Ltd.

Butwal Finance Ltd.

Laxmi Bank Ltd.