Advertisement
सबै सूचनाहरूAll announcements
आधिकारिक सूचनाOfficial AnnouncementFinancial Analysis
11 Aug, 2026
मिथिला लघुवित्त वित्तीय संस्थाको चौथो त्रैमासिक वित्तीय विवरण

मिथिला लघुवित्त वित्तीय संस्थाको चौथो त्रैमासिक वित्तीय विवरणMithila Laghubitta Bittiya Sanstha: Q4 Financial Results

वर्ग:Category:
Financial Analysis
प्रकाशित मिति:Published:
Published on August 11, 2026

Unaudited Condensed Statement of Financial Position

As on Fourth Quarter ended 2082/83

Amount (NPR)

Particulars This Quarter Ending Immediate Previous Year Ending
Assets
Cash and Cash Equivalents363,991,953.85371,386,067.26
Statutory Balances and due from Nepal Rastra Bank15,400,000.0014,400,000.00
Placement with Bank & Financial Institutions29,135,230.51106,308,671.27
Derivative Financial Instruments--
Other Trading Assets--
Loan and advances to MFIs & Cooperatives--
Loans and Advances to Customers3,140,699,576.192,883,565,982
Investment Securities--
Current Tax Assets--
Investment Property1,000,000.001,000,000.00
Property and Equipment6,542,509.546,257,888
Goodwill and Intangible Assets40,116.00-
Deferred Tax Assets9,271,379.299,271,379.29
Other Assets248,097,611.8543,561,858.36
Total Assets3,814,178,377.233,435,751,845.76
Liabilities
Due to Bank and Financial Institutions1,616,793,863.531,771,143,366.73
Due to Nepal Rastra Bank--
Derivative Financial Instruments--
Deposits from Customers1,303,399,209.691,188,588,118.21
Borrowings--
Current Tax Liabilities-9,718,316.65

Provisions 215,279,741.51 -

Deferred Tax Liabilities--
Other Liabilities249,073,684.4188,195,848.07
Debt Securities Issued--
Subordinated Liabilities--
Total Liabilities3,384,546,499.143,057,645,649.66
Equity
Share Capital255,843,621.85223,933,148.23
Share Premium--
Retained Earnings22,989,651.1556,579,623.38
Reserves150,798,605.0997,593,424.49
Total Equity429,631,878.09378,106,196.10
Total Liabilities and Equity3,814,178,377.233,435,751,845.76

Condensed Statement of Profit & Loss

For the 4th Quarter ended 2082/83

Amount (NPR)

Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter
Interest Income109,285,606.97430,921,949.39120,958,243.99414,808,617.18
Interest Expense47,434,292.60185,274,277.4451,979,727.14207,442,496.26
Net Interest Income61,851,314.37245,647,671.9568,978,516.85207,366,120.92
Fee and Commission Income6,409,695.0025,744,464.0022,627,345.0041,486,830.00
Fee and Commission Expense--1,283,737.661,283,737.66
Net Fee and Commission Income6,409,695.0025,744,464.0021,343,607.3440,203,092.34
Net Interest, Fees and Commission Income68,261,009.37271,392,135.9590,322,124.19247,569,213.26
Net Trading Income----
Other Operating Income6,800,815.1323,669,439.99(14,470,039.32)-
Total Operating Income75,061,824.50295,061,575.9475,852,084.87247,569,213.26
Impairment Charge/(reversal) for Loans and Other Losses72,649,906.4698,633,511.1244,052,931.4558,383,357.31
Net operating Income2,411,918.04196,428,064.8231,799,153.42189,185,855.95
Operating Expense
Personnel Expenses18,831,095.9289,359,127.1826,701,949.0185,443,831.66
Other Operating Expenses15,352,560.9933,701,684.20(2,197,576.76)21,152,823.24
Depreciation & Amortization--5,922,613.395,922,613.39
Operating Profit(31,771,738.87)73,367,253.441,372,167.7776,666,587.65
Non-Operating Income--22,632,927.5122,632,927.51
Non-Operating Expense--9,286.939,286.93
Profit before Income Tax(31,771,738.87)73,367,253.4423,995,808.3599,290,228.23
Income Tax Expense
Current Tax(9,531,521.66)22,010,176.036,641,802.3329,230,128.29
Deferred Tax--(1,597,170.16)(1,597,170.16)
Profit for the Period(22,240,217.21)51,357,077.4118,951,176.1871,657,270.10
Statement of Comprehensive Income
Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter
Profit or loss for the Period(22,240,217.21)51,357,077.4118,951,176.1871,657,270.10
Other Comprehensive Income
Total Comprehensive Income for the Period(22,240,217.21)51,357,077.4118,951,176.1871,657,270.10
Earnings per share
Basic earnings per share(34.77)20.0733.8532.00
Annualized Basic Earnings Per Share(34.77)20.0733.8532.00
Diluted earnings per share--33.8532.00
Ratios as per NRB Directive
Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter
Capital Fund to RWA--
Non-Performing Loan (NPL) To Total Loan--
Total Loan Loss Provision to Total NPL--
Cost of Funds--
Credit to Deposit and Borrowing Ratio--
Base Rate--
Interest Rate Spread--

Details about the Distributable Profit for the 4th Quarter 2082.83 Amount (NPR)

Net profit and (Loss) For the Fourth Quarter 51,357,077.41

1. Appropriation

1.1 Profit required to be appropriated to: 11,812,127.80

a. General Reserve 10,271,415.48

b. Capital Redemption Reserve -

c. Exchange Fluctuation Fund -

d. Corporate Social Responsibility Fund 513,570.77

e. Employees Training Fund -

f. Client Protection Fund 1,027,141.55

g. Other -

1.2 Profit required to be transferred to Regulatory Reserve 29,795,119.81

a. Transferred to Regulatory Reserve 29,795,119.81

b. Transferred from Regulatory Reserve -

Profit for the Fourth Quarter Available for Distribution 9,749,829.80

Opening Retained Earnings as on of shrawan 01/2082 56,579,623.38

Adjustment (+/-) -

Distribution;

Bonus Share Issued 31,910,473.62

Cash Dividend Paid 1,679,498.61

Total Distributable Profit of (Loss) as on the Fourth Quarter End 2083 Ashadh 32,739,480.95

Annualized Distributable Profit (Loss) Per Share for F/Y 2082/083 12.80

Note:

1. Figures presented above may vary with the audited figures if instructed by regulators/statutory auditor.

2. The microfinance has applied alternative treatment in the crave out issued by the Institute of Chartered Accountants of Nepal with respect to the Impairment of Loans and Advances.

3. Loans and Advances are presented net of impairment charges.

4. Actuarial Valuation has been done on annual basis for Employee Benefits.

5. Figures are regrouped/rearranged/restated wherever necessary for consistent and fair presentation and comparison.

Interest Rate on Loan and Advance: 10% to 15%, Interest Rate on Deposit: 7.50% to 10%

धितोपत्रदर्ता तथा निष्काशन नियमावली, २०७३ को अनुसूची १४

(नियम २६ को उपनियम (१) संग सम्बन्धित)

आ.व. २०८२/८३ को चौथो त्रैमासिक अवधिको विवरण

१. वित्तीय विवरण :

(क) त्रैमासिक अवधिको वासलात, नाफा नोक्सान सम्बन्धी विवरण : यसै साथ प्रकाशित गरिएको छ ।

(ख) प्रमुख वित्तीय अनुपातहरु (वार्षिक)

प्रति शेयर आम्दानी (वार्षिक): २०.०७

मूल्य आम्दानी अनुपात: ५५.६५

प्रति शेयर नेटवर्थ: १६७.९३

प्रति शेयर कुल सम्पत्तिको मूल्य: १४९०.८२

तरलता अनुपात: १२.८९%

२. व्यवस्थापकीय विश्लेषण :

(क) त्रैमासिक अवधिको संस्थाको मौज्दात, आम्दानी र तरलतामा कुनै परिवर्तन भएको भए सोको प्रमुख कारण सम्बन्धी विवरण :

बैंक तथा वित्तीय संस्थाहरूको व्याजदर क्रमशः न्यून हुँदै गएको र वित्तीय संस्थाको सहज उपलब्धता बाबजुद वर्तमान अर्थतन्त्र चलयामान हुन नसकेको अवस्थामा लगानीका लागि पर्याप्त अवसर उपलब्ध हुन नसक्दा कर्जा लगानी अपेक्षित गतिमा अघि बढ्न नसकि संस्थाको मौज्दातमा वृद्धि भएको । साथै, लघुवित्त कार्यक्रम विरुद्ध सञ्चालनमा रहेका विभिन्न गतिविधि तथा ग्राहकहरूमा फैलाइएको भ्रामक अफवाहको कारण निष्कृय कर्जाको अनुपात अपेक्षित रूपमा घट्न नसकि खुद नाफा घट्न गइ आ.व.को सोही अवधि भन्दा घटी आर्जन हुन गई आम्दानीमा कमि भएको छ । साथै, यस वित्तीय संस्थाको लगानी तथा तरलताको व्यवस्थापनलाई प्रभावकारी बनाउन आवश्यक पहलहरू निरन्तर भइरहेको छ । यस सम्बन्धमा अन्य जानकारी वित्तीय विवरणले स्पष्ट पारेको छ ।

(ख) आगामी अवधिको व्यवसायिक योजना सम्बन्धमा व्यवस्थापनको विश्लेषणात्मक विवरण : यस वित्तीय संस्थाको स्वीकृत कार्य क्षेत्र अन्तर्गत पर्ने मधेश प्रदेशका ८ जिल्ला (सिरहा, सप्तरी, धनुषा, महोत्तरी, सर्लाही, रौतहट, बारा र पर्सा) मा ४५ वटा शाखा कार्यालयहरू मार्फत ४३,६४१ भन्दा बढी सदस्यहरूमा वित्तीय सेवा प्रदान हुँदै आएको छ । आगामी दिनमा संस्थाको कार्य क्षेत्रभित्र रहेका सम्भावित दुर्गम तथा वित्तीय पहुँच नपुगेका ग्रामीण क्षेत्रमा थप शाखा विस्तार गरी लघुउद्यम, कृषि, पशुपालन तथा उत्पादनमूलक क्षेत्रमा वित्तीय सेवा विस्तार गर्ने लक्ष्य रहेको छ । साथै, डिजिटल प्रविधिको प्रयोगलाई थप प्रभावकारी बनाउँदै विशेष गरी विपन्न वर्गका महिलाहरूलाई केन्द्रित गरी प्रविधिको प्रयोग मार्फत सहज, सरल र सुरक्षित वित्तीय सेवा उपलब्ध गराउने योजना रहेको छ ।

(ग) विगतको अनुभवबाट संगठित संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा तात्विक असर पार्न सक्ने घटना, अवस्था आदि भेषमा सो सम्बन्धी विश्लेषणात्मक विवरण : लघुवित्त संस्थाहरूमा देखिएको अस्वस्थ प्रतिस्पर्धा, कर्जाको दोहोरोपना, निष्कृय कर्जामा वृद्धि तथा कर्जा असुलीमा देखिएको चुनौतीले संस्थाको नगद प्रवाह तथा नाफामा असर पर्न सक्ने अवस्था रहेको छ । साथै नियामकीय व्यवस्था, व्याजदरमा हुने परिवर्तन, कर्जा मागमा कमी तथा समग्र आर्थिक गतिविधिमा आउने उतार-चढावले संस्थाको वित्तीय अवस्थामा प्रभाव पार्न सक्ने देखिन्छ । यस्ता सम्भावित जोखिमलाई न्यूनीकरण गर्न कर्जा लगानीमा सावधानी अपनाउने, कर्जा असुलीलाई प्रभावकारी बनाउने, जोखिममा आधारित कर्जा व्यवस्थापन गर्ने तथा संस्थाको तरलता व्यवस्थापनलाई सुदृढ बनाउने कार्य भइरहेकोछ ।

३. कानूनी कारबाही सम्बन्धी विवरण :

(क) वित्तीय संस्थाले शाखा कार्यालय सधराको तत्कालीन कार्यालय प्रमुख विरुद्ध आर्थिक अपचलनको मुद्दा दायर गरेकोमा फैसला भई अपचलन रकम तिर्नु पर्ने ठहर गर्दै निजलाई तीन वर्ष कैद हुने ठहर भएको छ । साथै, वित्तीय संस्थाको विरुद्धमा मुद्दा दायर भएको कुनै सूचना प्राप्त भएको छैन ।

(ख) वित्तीय संस्थाका संस्थापक वा सञ्चालकले वा संस्थापक वा सञ्चालकको विरुद्धमा प्रचलित नियमको अवज्ञा वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको कुनै जानकारी प्राप्त भएको छैन ।

(ग) कुनै संस्थापक वा सञ्चालक विरुद्ध आर्थिक अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको कुनै जानकारी प्राप्त भएको छैन ।

४. संगठित संस्थाको शेयर कारोबार सम्बन्धी विश्लेषण :

(क) यस वित्तीय संस्थाका शेयरहरू नेपाल स्टक एक्सचेन्ज लिमिटेडमा सूचीकृत भई नियमित रूपमा कारोबार भइरहेको छ । शेयरको बजार मूल्य तथा कारोबारमा हुने परिवर्तनलाई बजारले निर्धारण गर्ने हुँदा यस संस्थाको व्यवस्थापन शेयरको मूल्य तथा कारोबार प्रति तटस्थ छ । तर प्रचलित कानून अनुसार लगानीकर्ता तथा सम्बद्ध निकायहरूलाई उपलब्ध गराउनु पर्ने सूचना तथा जानकारी भने यथासमय उपलब्ध गराउँदै आएको छ ।

(ख) नेपाल स्टक एक्सचेन्ज लिमिटेडको वेबसाइट www.nepalstock.com अनुसार गत त्रैमासिक अवधिमा यस वित्तीय संस्थाको शेयरको कारोबार देहाय बमोजिम रहेको छ ।

शेयरको अधिकतम मूल्य १३५७.०० शेयरको न्यूनतम मूल्य १०७५.७०

शेयरको अन्तिम मूल्य ११९१.०० कारोबार भएको दिन ६४

कारोबार संख्या १६९६ कारोबार भएको शेयर संख्या ८०,८९३

५. समस्या तथा चुनौती :

देशको वर्तमान राजनीतिक अवस्था, तरलतामा हुने उतार/चढाव, राजनीतिक अस्थिरता, ग्राहक सदस्यहरूमा वित्तीय साक्षरता तथा अनुशासनको कमी, अर्थतन्त्र चलायमान हुन नसक्नु जस्ता बाह्य चुनौतीका साथै निष्कृय कर्जामा असुलीमा देखिएको समस्या, बढ्दो निष्कृय कर्जा, समेट कर्जा व्यवस्थापनमा देखिएका चुनौती तथा खर्चहरू, सम्बद्ध दायित्व वहनमा आएको ह्रास, दक्ष जनशक्तिको अभाव र सीमित वित्तीय स्रोत/साधन, बढ्दो संचालन लागत जस्ता आन्तरिक समस्याहरूका बाबजुद सदस्यहरूलाई वित्तीय साक्षरता सम्बन्धी तालिम तथा अभिमुखीकरण प्रदान गरी प्रभावकारी कर्जा व्यवस्थापन तथा असुलीमा जोड दिइएको छ । साथै, उत्पादनमूलक क्षेत्रमा कर्जा लगानीलाई प्रोत्साहन गर्दै बचतमा मितव्ययिता तथा उपयुक्त व्यवसायिक रणनीति अवलम्बन गरी संस्थाको कारोबारलाई थप प्रभावकारी बनाउने प्रयास भई रहेको छ ।

६. संस्थागत सुशासन :

यस लघुवित्त वित्तीय संस्थाले नेपाल राष्ट्र बैंकबाट जारी संस्थागत सुशासन सम्बन्धी निर्देशनहरू पालना गर्नुकी साथै प्रचलित ऐनहरू : कम्पनी ऐन २०६३, बैंक तथा वित्तीय संस्था सम्बन्धी ऐन २०७३, नेपाल राष्ट्र बैंक ऐन २०५८, धितोपत्र ऐन २०६३, आयकर ऐन २०५८ आदिको पूर्ण पालना गरेको छ । वित्तीय संस्थाको प्रबन्धपत्र, नियमावली, कर्मचारी सेवा नियमावली, आर्थिक प्रशासन नियमावली, आन्तरिक लेखापरीक्षण निर्देशिका, व्यवस्थापन सूचना प्रणाली नीति, सम्पत्ति दायित्व व्यवस्थापन नीति, लगानी नीति लगायतका नीति, नियम, निर्देशिकाहरू बनाई पालना गरिएको छ । त्यसै गरी लेखापरीक्षण समिति, जोखिम व्यवस्थापन समिति, कर्मचारी व्यवस्थापन तथा सेवा सुविधा समिति र सम्पत्ति शुद्धीकरण अनुगमन समितिबाट पूर्ण रूपमा आ-आफ्नो कार्य सम्पादन हुँदै आएको छ ।

७. सत्य, तथ्यता सम्बन्धमा कार्यकारी प्रमुखको उद्घोषण :

आजका मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरूको शुद्धता सम्बन्धमा म व्यक्तिगत रूपमा उत्तरदायी हुन्छु । साथै म यो उद्घोष गर्दछु कि मैले जाने बुझे सम्म यस प्रतिवेदनमा उल्लेखित विवरणहरू सत्य, तथ्य र पूर्ण छन् र लगानीकर्ताहरूलाई सुसूचित निर्णय लिन आवश्यक कुनै विवरण, सूचना तथा जानकारीहरू लुकाइएको छैन ।

भवदीय

हेमराज हेम्न्त

नि.प्रमुख कार्यकारी अधिकृत

Unaudited Condensed Statement of Financial Position

As on Fourth Quarter ended 2082/83

Amount (NPR)

Particulars This Quarter Ending Immediate Previous Year Ending
Assets
Cash and Cash Equivalents363,991,953.85371,386,067.26
Statutory Balances and due from Nepal Rastra Bank15,400,000.0014,400,000.00
Placement with Bank & Financial Institutions29,135,230.51106,308,671.27
Derivative Financial Instruments--
Other Trading Assets--
Loan and advances to MFIs & Cooperatives--
Loans and Advances to Customers3,140,699,576.192,883,565,982
Investment Securities--
Current Tax Assets--
Investment Property1,000,000.001,000,000.00
Property and Equipment6,542,509.546,257,888
Goodwill and Intangible Assets40,116.00-
Deferred Tax Assets9,271,379.299,271,379.29
Other Assets248,097,611.8543,561,858.36
Total Assets3,814,178,377.233,435,751,845.76
Liabilities
Due to Bank and Financial Institutions1,616,793,863.531,771,143,366.73
Due to Nepal Rastra Bank--
Derivative Financial Instruments--
Deposits from Customers1,303,399,209.691,188,588,118.21
Borrowings--
Current Tax Liabilities-9,718,316.65

Provisions 215,279,741.51 -

Deferred Tax Liabilities--
Other Liabilities249,073,684.4188,195,848.07
Debt Securities Issued--
Subordinated Liabilities--
Total Liabilities3,384,546,499.143,057,645,649.66
Equity
Share Capital255,843,621.85223,933,148.23
Share Premium--
Retained Earnings22,989,651.1556,579,623.38
Reserves150,798,605.0997,593,424.49
Total Equity429,631,878.09378,106,196.10
Total Liabilities and Equity3,814,178,377.233,435,751,845.76

Condensed Statement of Profit & Loss

For the 4th Quarter ended 2082/83

Amount (NPR)

Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter
Interest Income109,285,606.97430,921,949.39120,958,243.99414,808,617.18
Interest Expense47,434,292.60185,274,277.4451,979,727.14207,442,496.26
Net Interest Income61,851,314.37245,647,671.9568,978,516.85207,366,120.92
Fee and Commission Income6,409,695.0025,744,464.0022,627,345.0041,486,830.00
Fee and Commission Expense--1,283,737.661,283,737.66
Net Fee and Commission Income6,409,695.0025,744,464.0021,343,607.3440,203,092.34
Net Interest, Fees and Commission Income68,261,009.37271,392,135.9590,322,124.19247,569,213.26
Net Trading Income----
Other Operating Income6,800,815.1323,669,439.99(14,470,039.32)-
Total Operating Income75,061,824.50295,061,575.9475,852,084.87247,569,213.26
Impairment Charge/(reversal) for Loans and Other Losses72,649,906.4698,633,511.1244,052,931.4558,383,357.31
Net operating Income2,411,918.04196,428,064.8231,799,153.42189,185,855.95
Operating Expense
Personnel Expenses18,831,095.9289,359,127.1826,701,949.0185,443,831.66
Other Operating Expenses15,352,560.9933,701,684.20(2,197,576.76)21,152,823.24
Depreciation & Amortization--5,922,613.395,922,613.39
Operating Profit(31,771,738.87)73,367,253.441,372,167.7776,666,587.65
Non-Operating Income--22,632,927.5122,632,927.51
Non-Operating Expense--9,286.939,286.93
Profit before Income Tax(31,771,738.87)73,367,253.4423,995,808.3599,290,228.23
Income Tax Expense
Current Tax(9,531,521.66)22,010,176.036,641,802.3329,230,128.29
Deferred Tax--(1,597,170.16)(1,597,170.16)
Profit for the Period(22,240,217.21)51,357,077.4118,951,176.1871,657,270.10
Statement of Comprehensive Income
Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter
Profit or loss for the Period(22,240,217.21)51,357,077.4118,951,176.1871,657,270.10
Other Comprehensive Income
Total Comprehensive Income for the Period(22,240,217.21)51,357,077.4118,951,176.1871,657,270.10
Earnings per share
Basic earnings per share(34.77)20.0733.8532.00
Annualized Basic Earnings Per Share(34.77)20.0733.8532.00
Diluted earnings per share--33.8532.00
Ratios as per NRB Directive
Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter
Capital Fund to RWA--
Non-Performing Loan (NPL) To Total Loan--
Total Loan Loss Provision to Total NPL--
Cost of Funds--
Credit to Deposit and Borrowing Ratio--
Base Rate--
Interest Rate Spread--

Details about the Distributable Profit for the 4th Quarter 2082.83 Amount (NPR)

Net profit and (Loss) For the Fourth Quarter 51,357,077.41

1. Appropriation

1.1 Profit required to be appropriated to: 11,812,127.80

a. General Reserve 10,271,415.48

b. Capital Redemption Reserve -

c. Exchange Fluctuation Fund -

d. Corporate Social Responsibility Fund 513,570.77

e. Employees Training Fund -

f. Client Protection Fund 1,027,141.55

g. Other -

1.2 Profit required to be transferred to Regulatory Reserve 29,795,119.81

a. Transferred to Regulatory Reserve 29,795,119.81

b. Transferred from Regulatory Reserve -

Profit for the Fourth Quarter Available for Distribution 9,749,829.80

Opening Retained Earnings as on of shrawan 01/2082 56,579,623.38

Adjustment (+/-) -

Distribution;

Bonus Share Issued 31,910,473.62

Cash Dividend Paid 1,679,498.61

Total Distributable Profit of (Loss) as on the Fourth Quarter End 2083 Ashadh 32,739,480.95

Annualized Distributable Profit (Loss) Per Share for F/Y 2082/083 12.80

Note:

1. Figures presented above may vary with the audited figures if instructed by regulators/statutory auditor.

2. The microfinance has applied alternative treatment in the crave out issued by the Institute of Chartered Accountants of Nepal with respect to the Impairment of Loans and Advances.

3. Loans and Advances are presented net of impairment charges.

4. Actuarial Valuation has been done on annual basis for Employee Benefits.

5. Figures are regrouped/rearranged/restated wherever necessary for consistent and fair presentation and comparison.

Interest Rate on Loan and Advance: 10% to 15%, Interest Rate on Deposit: 7.50% to 10%

Securities Registration and Issue Regulation, 2073 Schedule 14

(Related to Rule 26 Sub-rule (1))

Fourth Quarter Disclosure of F.Y. 2082/83

1. Financial Statements:

(a) Quarterly Balance Sheet, Profit and Loss Statement details: Published along herewith.

(b) Major Financial Ratios (Annualized):

Earnings Per Share (Annualized): 20.07

Price Earnings Ratio: 55.65

Net Worth Per Share: 167.93

Total Assets Value Per Share: 1490.82

Liquidity Ratio: 12.89%

2. Management Analysis:

(a) Major reasons regarding changes in stock, income and liquidity during the quarter: Interest rates of banks and financial institutions have been gradually decreasing and despite easy financial availability, the current economy has not been dynamic, leading to lack of adequate investment opportunities. Consequently, loan investment could not move forward at the expected pace, resulting in increased liquidity/stock at the institution. Also, due to various activities against microfinance programs and misleading rumors among clients, non-performing loan ratios could not be reduced as expected, leading to lower net profit compared to the same period of the previous fiscal year, causing a decline in income. Meanwhile, necessary initiatives are ongoing to make loan and liquidity management effective. Other details are made clear by the financial statements.

(b) Analytical management details regarding business plans for upcoming periods: Under the approved operating region of 8 districts of Madhesh Province (Sirha, Saptari, Dhanusha, Mahottari, Sarlahi, Rautahat, Bara, and Parsa), financial services are being provided to over 43,641 members through 45 branch offices. In the coming days, the institution plans to expand branches into remote and financially unreached rural areas to extend services to micro-enterprises, agriculture, animal husbandry, and productive sectors. Additionally, it aims to make digital technology usage more effective, focusing on women from disadvantaged groups to deliver easy, simple, and secure financial services.

(c) Analytical details of events, conditions, etc., that may materially affect stock, profit or cash flow based on past experience: Unhealthy competition among microfinances, loan duplication, rise in non-performing loans, and challenges in loan recovery may impact cash flows and profitability. Further, regulatory changes, interest rate fluctuations, decline in loan demand, and broader macroeconomic shifts can affect the financial position. To mitigate such risks, caution in loan investment, effective recovery measures, risk-based credit management, and strengthening liquidity management are being carried out.

3. Legal Proceedings Details:

(a) A case was filed against the former branch manager of the Sadhara branch for financial misappropriation; the court delivered a verdict ordering recovery of the misappropriated amount and sentencing the individual to 3 years imprisonment. No other lawsuit against the financial institution has been received.

(b) No legal action or lawsuit regarding non-compliance with applicable rules or criminal offense has been filed or known against promoters or directors.

(c) No legal action regarding financial crime against promoters or directors has been filed or known.

4. Share Transaction Analysis of Organized Institution:

(a) Shares of this financial institution are listed on the Nepal Stock Exchange Limited and traded regularly. As market forces determine market price and volume changes, management remains neutral toward stock price and trading volume. However, information and disclosures required by law for investors and relevant bodies are provided in a timely manner.

(b) According to the Nepal Stock Exchange Limited website www.nepalstock.com, share transactions of this financial institution during the last quarter were as follows:

Maximum Share Price 1357.00 Minimum Share Price 1075.70

Closing Share Price 1191.00 Total Trading Days 64

Number of Transactions 1696 Total Shares Traded 80,893

5. Problems and Challenges:

Current national political state, liquidity fluctuations, political instability, lack of financial literacy and discipline among client members, and sluggish economic activity represent external challenges. Internally, problems in recovering non-performing loans, growing NPLs, challenges and expenses in overall credit management, reduction in capacity to absorb liability, lack of skilled manpower, limited financial resources, and rising operating costs exist. Despite these, training and orientation on financial literacy are provided to members, emphasizing effective credit management and recovery. Furthermore, credit investment in productive sectors is being encouraged alongside cost containment and suitable business strategies to make operations more effective.

6. Corporate Governance:

This microfinance financial institution abides by corporate governance directives issued by Nepal Rastra Bank and fully complies with applicable acts: Companies Act 2063, Bank and Financial Institutions Act 2073, Nepal Rastra Bank Act 2058, Securities Act 2063, Income Tax Act 2058, etc. Policy documents including Memorandum of Association, Articles of Association, Employee Service Regulations, Financial Administration Regulations, Internal Audit Guidelines, Management Information System Policy, Asset Liability Management Policy, and Investment Policy have been formulated and followed. Audit Committee, Risk Management Committee, Employee Management and Facilities Committee, and Anti-Money Laundering Monitoring Committee perform their respective functions fully.

7. Declaration by Chief Executive on Truthfulness and Accuracy:

I personally take responsibility for the accuracy of information and details mentioned in this report up to this date. I declare that to the best of my knowledge and belief, the details in this report are true, factual, and complete, and no details, notices, or information required for investors to make informed decisions have been concealed.

Yours sincerely,

Hemraj Hemanta

Officiating Chief Executive Officer

Advertisement