Kathmandu. The first annual general meeting of Himalaya Nepal Agriculture Company Limited has been successfully concluded. The meeting has discussed and approved the annual report of the company for the financial year 2082/083. It has also passed the annual financial statement, the auditor’s report along with the annual financial statement for the financial year 2082/083, profit and loss statement, cash flow statement and related schedules.
The meeting has also decided to appoint an auditor for the fiscal year 2083/084 as per Section 111 of the Companies Act, 2063 regarding the appointment of auditor and determination of remuneration.
Addressing the first annual general meeting of the company held in Kathmandu, Managing Director Dolindra Prasad Sharma presented the special strategy and management commitment letter in the review of the fiscal year 2082/83 and the proposed policy and program of 2083/84 with the slogan ‘From Production to World Market’.
Presenting the progress of the company so far, financial condition, existing challenges, future action plan and long-term strategy, he said that despite the immense potential of Nepal’s agriculture sector, traditional production system, limited use of modern technology, weak relationship between production and market, the inadequacy of processing and value addition and the availability of agro products, there are challenges to achieve the expected result.
Sharma said that the company has been established with the long-term vision of converting this opportunity into an opportunity to modern, scientific, technology-friendly, environment-friendly and professional, increase domestic production and productivity, promote agro products, promote agro products and gradually reduce import dependency by increasing farmers’ income and contribution to national economy.
The promissory note not only presents the past activities and financial details but also outlines the rationale behind the establishment of the company, the achievements made so far, the challenges they are facing and the direction and strategy to move the company forward in the future.
He clarified that the company was not limited to the individual business interests of any one person or group, adding that it was a common campaign to make Nepal’s agricultural economy production-oriented and competitive.
He said, “Our aim is not only to become a company that produces agriculture or buys and sells agricultural commodities. We want to combine the possibilities of production, processing, storage, marketing, import of agricultural inputs, export of indigenous products, use of agricultural land, water treatment, organic manure production and institutional integration of agricultural enterprises into a single business system. We want to build an institution whose identity is established not only by advertisements or announcements, but by actual production, financial data, performance, transparency and results. Everyone makes speeches, but I will work to produce real results, this is my vow. ’
Development of Agriculture Project He informed that the Agriculture Project located in Beni Municipality-4, Singa is targeted to be developed as an important operating base of the company. He said that there is a plan to create various sources of income by integrating poultry, fishery, vegetable production, goat rearing and restaurant services to make the business operation more effective by regularly reviewing the production capacity, sales, operating cost, market, biosecurity, efficiency of employees and cash flow.
He said that the success of the company should be measured not by words of commitment but by the results of implementation, he said, “Visual progress based on evidence, not narrative, not facts, assurances, achievements and verbal claims. We are committed to enhancing the economic prosperity, institutional credibility and social prestige of the company by translating this resolution into practice.” ’
The financial details of the company are as follows: Financial Title Amount Non-Current Assets Rs. 4,86,19,470. 36 Current Assets Rs. 5,31,49,673. 13 Total Assets Rs. 10,17,69,143.97 Share Capital Rs. 3,70,50,000. 00 Advance Share Capital Rs. 5,79,84,750. 00 Consolidated Fund and Reserves Rs. 7,37,683.13.
The main target for the financial year 2083/84 is Rs. The company’s proposed sales turnover target for the financial year 2083/84 is Rs. 18 crores. The management aims to distribute dividends of 10 to 20 percent per annum as far as possible. The primary issue to the public is not considered as a long-term strategic goal based on the financial position, audit, corporate governance and regulatory competence of the company, rather than the promise of immediate achievements or a fixed date.
No one should be afraid to invest in this company. Invest with confidence. It will give unexpected returns one day. The day will come when those who are not associated with the company will regret. Therefore, I am confident that this result will be achieved through the hard work of shareholders, investors, employees, and farmers to make it a leading company in Nepal. I just need your trust. If this happens, I will get results. Managing Director Sharma is committed.
In the same meeting, the company’s chairman Prof. Dr. Chandika Pandit said that the main objective of the company is to transform subsistence agriculture into a productive, competitive and farmer-centered system with the objective of integrated business model.
The meeting also discussed and passed the annual report of the company for the financial year 2082/083. Similarly, the annual financial statement of the company, along with the auditor’s report, the annual financial statement of the financial statement of the financial year 2082/083, the financial statement of the financial year 2082/083, the statement of cash flow and related schedules were discussed and passed.
