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  • 8/7/2019 Portfolio | March 2011

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    Bkgdhfl Dhybfy

    Avwzkgf moy Hll

    Kwwvf =7 Bhygd 9088

    PoyzmolkoFtglvwk}f zo Fbkyhzfw Mkywz Glhww hcj Ivwkcfww Glhww

    fbkyhzfw#gob

    WBHLLFY KW IFZZFY

    Jfzyokz Nofw Nyffc

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    MOYBVLH OCF

    Dknd"Ogzhcf Bocf{

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    PoyzmolkoFtglvwk}f zo Fbkyhzfw Mkywz Glhww hcj Ivwkcfww Glhww

    79 Gdkch Looew zo Gfczyhl Hwkh

    Gdkch yfnhyjw Ehqhedwzhc, E{yn{qwzhc, Zhakekwzhc,Zvyebfckwzhc hcj Vqifekwzhc hw wzyhzfnkghll{ kbpoyzhcz

    moy kzw fgocobkg nyo~zd#

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    86 Oiwfy}fyWpozzkcn hcj hchl{wkcn ivwkcfww zyfcjw#

    90 Golvbc1 Bhzz YkgdzflYfglhkbkcn Zdfky Dfykzhnf

    PoyzmolkoFtglvwk}f zo Fbkyhzfw Mkywz Glhww hcj Ivwkcfww Glhww

    =

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    loghl hcj kczfychzkochl gollfgzoyw mlogekcn zo zdf

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    dfhyzfj looe hz zdf lhzfwzivwkcfww cf~w#

    Poyzmolko

    KCZFYCHZKOCHL BFJKH YFPYFWFCZHZK]FW

    HVWZYHLKH Oeffmmf Bfjkh5 Zfl %=8 4; 748 >:96, Mht %=8 4; 749 :460, oeffmmfef}@iknpocj#gob#hv GDKCH/DOCN EOCN Fbpdhwkw Bfjkh Lkbkzfj5Zfl %46 99 68= 80:4, Mht %46 99 6=8 77:;, hj}fyzkwkcn@fbpdhwkw#cfz G[PYVW Fpkwzlf Gobbvckghzkocw - Bfjkh5 Zfl %76 >9 9:= =666, Mht %76 >9 9>= ;;;;,chwyffce@fpkwzlfbfjkh#gob MYHCGF/W^KZQFYLHCJ Kczfybfjkh Fvyopf Lzj5 Zfl %77 86 67: ;660, Mht %77 86 67: ;6:;, hjbkckwzyhzkoc@kczfybfjkh#fvyopf#gobNFYBHC[ KB] Kczfychzkochlf Bfjkfc ]fybhyezvcn NbiD, Pdocf1 00:; 4868 660 4;6;, Mht1 00:; 4868 660 ;840 ~#ahfnfy@kb}"bfjkh#gob KCJKH Bfjkh Wzhy5Zfl %;8 99 948 6674/7;/:0, Mht %;8 99 947 ;=8;, yh}k@bfjkhwzhy#go#kc KZHL[ KBB Kzhlkh5 Zfl %7; 097 =67 ::77, Mht %7; 09; ;;4 87>=, lvgkh#golvggk@mhwz~ficfz#kzAHPHC We{cfz Bfjkh Kcg#5 Zfl/Mht %48 :7 9>4 =;>>, we{cfzbfjkh@{9#jkoc#cf#ap ZVYEF[ Bfjkh Lzj5 Zfl %;0 989 9>6 4:77, Mht %;0 989 9>6 ;994,bfjkhbhyefzkcnzy@bfjkhlzj#gob#zy5 VE Wphmht Kcmlkndz Bfjkh5 Zfl %:: 90> ;0= 9008, Mht %:: 90> ;0= 9099, cdopekcw@wphmht#gob VWH Yfj~ooj Gvwzob

    Gobbvckghzkocw Kcg#5 Zfl 989":>7"6=>; t 787 , Mht 989"9=0"760;, iyknkzzf#ihyoc@yfj~oojgg#gob

    Pvilkwdfj moy Fbkyhzfw i{

    PO Iot 9778, Jvihk, VHF#

    Zflfpdocf1 $%;>8 :+ 949:0=0,mht1$%;>8 :+ 949::7=,

    f"bhkl1 fbkyhzfw@bozk}hzf#hfPykczfj i{ Fbkyhzfw Pykczkcn Pyfww, Jvihk, VHF

    Fjkzoy"kc"Gdkfm Oihkj Dvbhkj Hl Zh{fy Nyovp Fjkzoy - Bhchnkcn Phyzcfy Khc Mhkywfy}kgf Nyovp Wfckoy

    Fjkzoy Nkch Aodcwoc Wfckoy Fjkzoy Nvkjo Jvefc Jfpvz{ Fjkzoy Ckge Ykgf Fjkzoykhl Hwwkwzhcz Dkljh JWovqhHyz Jkyfgzoy Zhyhe Phyfed Nfcfyhl Bhchnfy Pyojvgzkoc - Gkygvlhzkoc W Whwkjdhyhc Pyojvgzkoc Bhchnfy

    G Wvjdhehy Wfckoy Hj}fyzkwfbfcz Bhchnfy Ah{h Ihlheykwdchc Fbhkl1 ah{h@bozk}hzf#hf Nfcfyhl Bhchnfy

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    Fbkyhzfw zhefw ghyf zo fcwvyf zdhz hll mhgzw pvilkwdfj

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    hcj wpfgkhlkwz hj}kgf wdovlj hl~h{w if gocwvlzfj

    ifmoyf hc{ hgzkocw hyf zhefc#

    >:

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    Lfw ]o{hnfw FtzyhoyjkchkyfwJkwgo}fy zdf hbhqkcn zyfhwvyfw om zdf Cf~ Dknd Af~fllfy{ Gollfgzkoc

    Myob Bhygd 8=zd zo 8;zd hz Hyz Jvih, Bhjkchz Avbfkyhd

    ~~~#hyzjvihk#}hcglffm"hypflw#gob

    Jvihk1 Ivyavbhc Gfczfy, 9cj ooy $%;>8 : 768 0008+ " Jvihk Bhll, Nyovcj ooy, ^hzgdfw - Af~fllfy{ $%;>8 : 77; 4008+

    Hiv Jdhik, Bhykch Bhll $%;>8 9 =48 8898+

  • 8/7/2019 Portfolio | March 2011

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  • 8/7/2019 Portfolio | March 2011

    11/92Bhygd 9088

    CozfiooeIVWKCFWW CF^W KC IYKFM

    NFZZ[KBHNFW

    Jobkchcgf Dhw Jyh~ihgew

  • 8/7/2019 Portfolio | March 2011

    12/92Poyzmolko

    0

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  • 8/7/2019 Portfolio | March 2011

    13/92

    Bhygd 9088

    Cozfiooe

    Lvtvy{ VckzwWfllkcn Mhwz

    H Gdfhpfy kPdocf?Hpplf kw yhkwkcn zdf wzhefw i{ ~oyekcn oc cf~ }fywkocw om zdf kPdocf

    zdhz hyf hkbfj hz wlo~kcn zdf hj}hcgf om gobpfzkcn dhcjwfzw ihwfj

    oc Noonlfw Hcjyokj womz~hyf#

    Om phyzkgvlhy ~oyy{ moy zdf gobpfzkzkoc kw zdf kcjvwzy{ yvbovy

    zdhc ocf }fywkoc ~kll if gdfhpfy hcj wbhllfy zdhc zdf bowz yfgfcz

    kPdocf# Zdhz ~ovlj bfhc zdhz kcwzfhj om zhynfzkcn 96 pfy gfcz om

    zdf nloihl boiklf"pdocf bhyefz, Hpplf ~ovlj if nokcn hmzfy 800 pfy

    gfcz# Lfww ftpfcwk}f kPdocfw ~kll yhzgdfz vp pyfwwvyf oc CoekhO{a, ~dowf dhcjwfzw hyf fwpfgkhll{ popvlhy kc Fvyopf hcj wobf

    jf}flopkcn bhyefzw#

    Noonlfw wdhyf om zdf nloihl wbhyzpdocf bhyefz boyf zdhc zykplfj

    zo 79#; pfy gfcz kc zdf movyzd xvhyzfy, fglkpwkcn Hpplfw 8= pfy gfcz#

    Hpplf ~kll mhgf hcozdfy gdhllfcnf hw Coekh hcj Bkgyowomz aokc moygfw kc

    wbhyzpdocf jf}flopbfcz#

    H gdfhpfy kPdocf ~ovlj dflp Hpplf bhef jffpfy kcyohjw kc bhyefzw

    wvgd hw Gdkch hcj Kcjkh, ~dfyf bhc{ wdoppfyw opz moy lo~fy"pykgfj

    jf}kgfw zdhz jocz ghyy{ locn"zfyb goczyhgzw#

  • 8/7/2019 Portfolio | March 2011

    14/92

  • 8/7/2019 Portfolio | March 2011

    15/92

  • 8/7/2019 Portfolio | March 2011

    16/92

    Jvihk /Locjoc /Cf~ [oye-Opfckcn Wooc1 Hiv Jdhik /Hqfyihkahc /Jvihk /Myhcemvyz /Ev~hkz /Bhljk}fw /Wdhcndhk

    [OV HY F ZDF KCWPKY HZKOC

    WZH[ JKMMFY FCZ HZ AVBFKYHD DOZFLW -YFWOYZW

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    [ov hyf jkmmfyfcz#

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    kcwpkyfj i{ {ovy kcjk}kjvhlkz{#

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    Wpykcn 9088

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    Wvbbfy 9088

    Myhcemvyz

    Mhll 9088

    AVBFKYHD QHIFFL WH YH[, ZDF PHLB AVBFKYHD, JVIHK# CO^ OPFC

  • 8/7/2019 Portfolio | March 2011

    17/92

    Bhygd 9088

    ]kczhnf Wz{lf,Cf~ Jfwknc

    9080CF^[OYEZKBFWCF^WWFY]KGF

    Yfpyojvgzkocw om }kczhnf jyfwwfw hyf co~ hzdyk}kcn kcjvwzy{ zdhcew zo ~obfc ~do ~hczzo looe boyf mfbkckcf hcj wzhcj ovz myob zdf

    gyo~j, yfpoyzw Ehzf Bvyop{#

    Oiwfy}fyIVWKCFWW CF^W KC IYKFM

  • 8/7/2019 Portfolio | March 2011

    18/92Poyzmolko

    = Oiwfy}fy

    Hlkgkh Fwzyhjh, movcjfy hcj gdkfm ftfgvzk}f om Wzop

    Wzhykcn(, kw ocf om h nyo~kcn cvbify om jfwkncfyw

    wpfgkhlkwkcn kc zdf yfpyojvgzkoc om }kczhnf glozdkcn#

  • 8/7/2019 Portfolio | March 2011

    19/92

    Bhygd 9088

    Oiwfy}fy

    ^OYLJW LHYNFWZ GOYPOYHZKOCW

    Yhce Gobphc{ Chbf Govczy{ Yf}fcvfw $*bkllkocw+

    8# ^hl"Bhyz Wzoyfw VWH :04,98:

    9# Yo{hl Jvzgd Wdfll Cfzdfylhcjw 946,89;

    7# Fttoc Boikl VWH 94:,=60

    :# IP Iykzhkc 9:=,874

    6# Zo{ozh Bozoy Goyp Ahphc 90:,80=

    =# Ahphc Powz Doljkcnw Ahphc 909,8;=

    ># Wkcopfg Gdkch 84>,684

    4# Wzhzf Nykj Gdkch 84:,:;=

    ;# HTH Myhcgf 8>6,96>

    80# Gdkch Chzkochl Pfzyolfvb Gdkch 8=6,:;=

    ZOP"PH[KCN GOBPHCKFW

    Yhce Gobphc{ Chbf H}fyhnf Moy $bowz gobboc

    Zozhl Ph{ $*+ whlhykfj aoi+8# Whlfwmoygf#gob 784,797 Wfckoy Hggovcz Ftfgvzk}fw

    9# Ikcndhb BgGvzgdfc 98;,444 Hwwogkhzf

    7# Hlwzoc - Ikyj 849,=48 Hwwogkhzf

    :# Pfyekcw Gokf 849,6:: Hwwogkhzf

    6# Jf}oc Fcfyn{ 8>9,6>6 Fcnkcffy

    =# Bkllfcckvb1 Zdf Zhefjh 8==,76: Wy Ocgolon{

    Ocgolon{ Gobphc{ Whlfw Wpfgkhlkwz

    ># Noljbhc Whgdw 8=0,000 Ozdfy Ftfbpz

    4# FON Yfwovygfw 864,004 Fcnkcffy

    ;# Iyoghjf Gobbvckghzkocw 86=,604 Womz~hyf Fcnkcffy

    W{wzfbw

    80# Iowzoc Gocwvlzkcn Nyovp 86:,068 Gocwvlzhcz

    HBFYKGHW LHYNFWZ GOYPOYHZKOCW

    Yhce Gobphc{ Chbf Yf}fcvfw $*bkllkocw+

    8# ^hl"Bhyz Wzoyfw :04,98:

    9# Fttoc Boikl 94:,=60

    7# Gdf}yoc 8=7,69>

    :# Nfcfyhl Flfgzykg 86=,>>;

    6# Ihce om Hbfykgh Goyp 860,:60

    =# GocogoPdkllkpw 87;,686

    ># HZ-Z 897,084

    4# Moyj Bozoy 884,704

    ;# A#P# Boynhc Gdhwf - Go# 886,=79

    80# Df~lfzz"Phgehyj 88:,669

    Zdf ^oylj

    Zop 80

    Pyomkz Wvynf moyNfybhc Ghybhefyw

    WOVYGF1 MOYZVCF 600

    WOVYGF1 MOYZVCF 600

    WOVYGF1 MOYZVCF 600

  • 8/7/2019 Portfolio | March 2011

    20/92Poyzmolko

    4

    VW zo Hjj Aoiw

    H Ioob moyKcjkhw Dhbpzocw

    Coc"OPFG okl pyojvgfy Ihdyhkc dhw ioowzfj kzw

    okl pyojvgzkoc zo :0,000 ihyyflw pfy jh{ $ipj+ myob

    79,000 ipj hmzfy zdf govczy{ wzhyzfj zo o}fydhvl kzw

    bhkc oklmkflj#

    Hijvl"Dvwwhkc ikc Hlk Bkyqh, dfhj om zdf Chzkochl

    Okl hcj Nhw Hvzdoykz{ $CONH+, whkj zdkw ~hw zdf mkywz

    kcgyfhwf wkcgf zdf lhzf 8;>0w#

    Ihdyhkc wzhyzfj zo o}fydhvl kzw bhkc oklmkflj lhwz {fhy

    hmzfy VW"ihwfj Oggkjfczhl Pfzyolfvb Goyp hcj zdf

    Vckzfj Hyhi Fbkyhzfw Bvihjhlh Jf}flopbfcz Go

    hnyffj zo kc}fwz *86 ikllkoc zo jf}flop zdf Ihdyhkc mkflj#

    Ihdyhkc kw zhynfzkcn ovzpvz ghphgkz{ om 800,000 ipj

    i{ 908># Okl kw zdf bhkc wovygf om kcgobf moy Ihdyhkcw

    no}fycbfcz, hcj dkndfy ovzpvz ~kll dflp zdf kwlhcj

    ekcnjob zhgelf bovczkcn mkwghl pyfwwvyfw jvf zo h

    ykwkcn wviwkjkfw ikll#

    Ihdyhkc IoowzwOkl Ovzpvz

    Hlkihvn, glowf zo Bvbihk, kw lvykcn Kcjkhw ykgd hcj mhbovw#

    NFZZ[KBHNFW

    NFZZ[KBHNFW

  • 8/7/2019 Portfolio | March 2011

    21/92

    Bhygd 9088

    Oiwfy}fy

    Gdkcfwf Jf}flopfyw

    Gdhcnf Wzyhzfn{

    O C F 9 ^ H Z G D

    VE"ihwfj zflfgobbvckghzkocw nkhcz ]ojhmocf dhw hccovcgfj

    plhcw zo hppokcz Pdklkpw ovznokcn GFO Nfyhyj Elfkwzfylff

    hw kzw cf~ gdhkybhc# Zdf Nfybhc"ioyc Elfkwzfylff ~kllyfplhgf Wky Aodc Iocj hz zdf hccvhl nfcfyhl bffzkcn kc Avl{#

    Elfkwzfylff dhw iffc h glfhy zop yvccfy kc h lkwz om zdyff wfckoy

    kczfychzkochl ivwkcfww lfhjfyw moy zdf zop powkzkoc# Bhyefz

    yfhgzkoc zo zdf hppokczbfcz dhw iffc powkzk}f, ~kzd wdhyfw

    yhll{kcn 0#= pfy gfcz#

    ]ojhmocf, wkcgf zdf bkjjlf om lhwz {fhy, dhw iffc wfllkcn

    omm kzw wzhefw# Zdhz bhefw zdf =:"{fhy"olj Elfkwzfylff

    pfymfgz moy zdf aoi, hw df ~hw kcwzyvbfczhl kc wkbplkm{kcn zdf

    vc~kflj{ Pdklkpw gocnlobfyhzf# Do~f}fy, df ~kll if mhgkcn h

    wzfyc gdhllfcnf wzyfhblkckcn ]ojhmocfw wpyh~lkcn poyzmolko,

    mogvwkcn oc fbfynkcn bhyefzw hcj vwkcn dkw eco~lfjnf om zdfgocwvbfy flfgzyockgw kcjvwzy{ zo mvll hj}hczhnf# Ivz dkw mkywz

    pykoykz{ hw zdf cf~ gdhkybhc ~kll if yhkwkcn ]fykqoc ^kyflfww

    jk}kjfcj zdhz dhw iffc lhnnkcn wkcgf 9006# Zdkw kw om gykzkghl

    kbpoyzhcgf hw ]ojhmocf dhw h :6 pfy gfcz wzhef kc zdf VW

    boiklf opfyhzoy gobphc{#

    Elfkwzfylff whkj, K hb looekcn moy~hyj nyfhzl{ zo zdkw

    cf~ gdhllfcnf, zo goczykivzkcn zo zdkw gobphc{w yfgoyj

    om wvggfww, hcj zo if ivkljkcn oc Aodcw ovzwzhcjkcn

    hgdkf}fbfczw# Elfkwzfylff ~kll wzhyz ovz hw h coc"ftfgvzk}f

    jkyfgzoy hz ]ojhmocf oc Hpykl 8#

    ZFTZ1 DKLJH JWOVQH

    Nfyhyj Elfkwzfylff

    NFZZ[KBHNFW

  • 8/7/2019 Portfolio | March 2011

    22/92

    0

    Gobbfczhy{

    Yfglhkbkcn Zdfky Dfykzhnf

    BHZZ YKGDZFL

    9088NVHYJKHCCF^WWFY]KGF

    ^fhlzd{ Gdkcfwf hyf pvwdkcn vp zdf pykgfw

    hz VE hvgzkoc dovwfw#

    YFVZFYW

  • 8/7/2019 Portfolio | March 2011

    23/92

  • 8/7/2019 Portfolio | March 2011

    24/92

    PoyzmolkoPoyzmolko

    9

    Pyomklf

  • 8/7/2019 Portfolio | March 2011

    25/92

    Mfiyvhy{ 9088

    AVWZKGFMOY HLLBkgdhfl Dhybfyw iflkfm kcavwzkgf kw jffpl{ kcnyhkcfj#

    Dkw lh~ mkyb dhw ~oc bhc{lhcjbhye ghwfw, ivz zdf bhcjviifj Zdf Vcjfyzhefy kw cowzfyfoz{pkghl lh~{fy, yfpoyzwHczocfllh Nhbiozzo"Ivyef#

  • 8/7/2019 Portfolio | March 2011

    26/92

    Poyzmolko

    C GOVYZ, DF KW ECO^C HW

    ZDF VCJFYZHEFY#

  • 8/7/2019 Portfolio | March 2011

    27/92

    Bhygd 9088

    Hio}f1 Dhybfy ~kzd dkw ~kmf Jy Cffyv

    Gdhjjh hcj dkw jhvndzfy Jh{h hcj woc

    Yhbh# Zdf{ lk}f kc h bojfwz dovwf kc

    W{jcf{w coyzdfyc wvivyiw#

    Zop ykndz1 Dhybfy kw zdf Pyfwkjfcz om

    zdf Hvwzyhlkhc Kcwzkzvzf om Fbplo{bfcz

    Ykndzw $HKFY+# Dkw mkywz moybhl aoi ~hw

    hw h wolkgkzoy moy zdf Cf~ Wovzd ^hlfw

    Jfphyzbfcz om Kcjvwzykhl Yflhzkocw, ~dkgd

    moybfj dkw kczfyfwz kc fbplo{ff ykndzw#

  • 8/7/2019 Portfolio | March 2011

    28/92

    Poyzmolko

    =

    Pyomklf

    Dhybfy kw h mykfcj om Efc{hc jovilf nolj bfjhlkwz Ekp Efkco# Dhybfy dflpfj wfz vp Efkcow Wgdool kc Efc{h hcj h gdkljyfcw dobf kc

    Qkbihi~f#

    HLKNCKCN B[ ^OYE ZO B[

    IFLKFMW KW ]FY[ KBPOYZHCZ ZO

    BF, HCJ VZKLKWKCN ZDF MYVKZW

    OM ZDHZ LHIOVY ZO YFGZKM[KCNKCAVWZKGF KC ZDF ^OYLJ DHW

    HL^H[W IFFC ^DHZ IFKCN H

    LH^[FY KW HIOVZ MOY BF#

    AVWZKGF KW H ^H[ OM LKMF#

  • 8/7/2019 Portfolio | March 2011

    29/92

    Bhygd 9088

    Dhybfy kw zdf mkywz zo hjbkz zdhz dkw mkyb.w ~oyeplhgf gvlzvyf kw vcoyzdojot, ivz kz kw ocf

    om zdf mhwzfwz nyo~kcn hcj bowz pyomkzhilf pyhgzkgfw kc zdf ~oylj#

    Zdowf kczfyfwzfj kc hlknckcn zdfbwfl}fw

    ~kzd Bkgdhfl Dhybfyw gdhykz{ ~oye

    wdovlj goczhgz dkb jkyfgzl{ zdyovnd1

    dhybfyw#gob#hv

  • 8/7/2019 Portfolio | March 2011

    30/92

    Poyzmolko

    4

    F"gobbfygf

    H WZHYZVP ^KZD ]KWKOC

    ^hyi{ Phyefy, hcf"gobbfygf gobphc{

    zdhz wpfgkhlkwfw kcf{fnlhwwfw, kw pyo}kcn

    zdhz pfoplf hyf ~kllkcnzo oyjfy nlhwwfw oclkcf

    hcj wh}f bocf{kc zdf pyogfww, yfpoyzw

    Glhkyf Ghkc Bkllfy#

  • 8/7/2019 Portfolio | March 2011

    31/92

    Bhygd 9088

    9080CF^[OYEZKBFWCF^WWFY]KGF

    Cfkl Ilvbfczdhl, lfmz, hcj Jh}kj Nklioh, movcjfyw om ^hyi{ Phyefy, hc oclkcf f{fnlhwwfw

    jkwzykivzoy, hz h pdozo wdooz moy zdfky pyojvgzw kc Cf~ [oye#

    ^hyi{ Phyefy iflkf}fw kc effpkcn kzw ~fiwkzf vcglvzzfyfj hcj wkbplf zo vwf# Bojfl

    wdoozw hyf vwfj zo jkwplh{ myhbf gdokgfw, hcj mhgkhl yfgonckzkoc womz~hyf hllo~w

    gvwzobfyw zo vplohj pkgzvyfw om zdfbwfl}fw hcj zy{ oc }kyzvhl nlhwwfw#

  • 8/7/2019 Portfolio | March 2011

    32/92

    Poyzmolko

    0

    F"gobbfygf

    Ilvbfczdhl hcj Nklioh pyovjl{ ~fhy zdfky o~c pyojvgzw, hlzdovnd Ilvbfczdhl jofw coz cffj nlhwwfw# Zdf{ yfgfczl{ dkyfj hc

    ftpfykfcgfj f{fnlhww jfwkncfy zo ftphcj zdfky gollfgzkoc#

  • 8/7/2019 Portfolio | March 2011

    33/92

    ]hlvf kcPyk}hzf Ihcekcn#

    W ^ K W W P Y K ] H Z F I H C E K C N W K C G F 8 > 66

    Moy vw, pyk}hzf ihcekcn bfhcw yfwpfgzkcn hcj pyozfgzkcn zdf yfhl hwwfzw#

    Hlwo {ovyw1 %;>8 : :94 49 00 oy ~~~#glhykjfclfv#gob

    Glhykjfc Lfv Hwwfz Bhchnfbfcz $Jvihk+ Lzj#, Jvihk

    Zdkw kcmoybhzkoc dhw iffc jkwzykivzfj i{ Glhykjfc Lfv Hwwfz Bhchnfbfcz $Jvihk+ Lkbkzfj# Yflhzfj mkchcgkhl pyojvgzw oy wfy}kgfw hyf ocl{ h }hklhilf zo pyomfwwkochl glkfczw ~dkgd xvhlkm{ hw glkfczw vcjfy zdf Jvihk Mkchcgkhl Wfy}kgfw Hvzdoykz{ yvlfGlhykjfc Lfv Hwwfz Bhchnfbfcz $Jvihk+ Lkbkzfj kw jvl{ lkgfcwfj hcj yfnvlhzfj i{ zdf Jvihk Mkchcgkhl Wfy}kgfw Hvzdoykz{ $JMWH+#

  • 8/7/2019 Portfolio | March 2011

    34/92

    9

    Fgocobkgw

    Poyzmolko

    Gdkch kw moynkcn wzyocnfy zyhjf zkfw ~kzd Gfczyhl Hwkh#

    Vpnyhjkcn kcmyhwzyvgzvyf, wvgd hw zdkw yohj lkcekcn Gdkch

    hcj E{yn{qwzhc, kw avwz ocf phyz om Gdkchw ~kjfckcn

    fgocobkg moozpykcz#

    O

    9088Cf~[oyeZkbfwCf~wWfy}kgf

    Gdkcfwf ommkgkhlw wff Ehqhedwzhc, E{yn{qwzhc, Zhakekwzhc, Zvyebfckwzhc hcjVqifekwzhc hw wzyhzfnkghll{ kbpoyzhcz# Zdf yfnkoc kw ykgd kc okl hcj nhw hcj kwnyo~kcn kczo h bhaoy bhyefz moy Gdkcfwf gocwvbfy noojw, yfpoyzw Fj~hyj ^ocn#

    GDKCH LOOEW

    ZO GFCZYHL HWKH

  • 8/7/2019 Portfolio | March 2011

    35/92

    Bhygd 9088

    Gdkcfwf bfygdhczw ~oye ovz om wdkppkcn goczhkcfyw hz h bhyefz, wfllkcn kzfbw lkef J]J

    plh{fyw hcj wzvmmfj hckbhlw kc Ehyh"Wvv, E{yn{qwzhc#

    Gdkchw fcfyn{ goopfyhzkoc~kzd Gfczyhl Hwkhc govczykfwifnhc kc zdf 8;;0w, ivz kc yfgfcz{fhyw, ~kzd zdf yhpkj nyo~zd omGdkchw chzkochl wzyfcnzd, Gdkchzooe hj}hczhnf om zdf lhge omkckzkhzk}f kc zdf yfnkoc i{ zdfVckzfj Wzhzfw hcj Yvwwkh#

  • 8/7/2019 Portfolio | March 2011

    36/92

    Poyzmolko

    :

    Fgocobkgw

    Gdkch kw wzkbvlhzkcn fgocobkg nyo~zd hcj gocwvbfykwb kc Gfczyhl Hwkhc govczykfw# Dfyf, E{ynq wdfpdfyjw phge h Gdkcfwf wolhy phcfl

    cfhy Yhcnevl, Zhakekwzhc#

    :

  • 8/7/2019 Portfolio | March 2011

    37/92

  • 8/7/2019 Portfolio | March 2011

    38/92

    Poyzmolko

    =

    Bfjkh

    H Ikzzfy Pkll moy PvilkwdfywZdf kPhj kw mvll om pyobkwf moy pvilkwdfyw wffekcn zo bocfzkwf zdfky goczfcz#Ivz wo mhy Hpplfw co wviwgykpzkoc polkg{ kw wfykovwl{ vcjfybkckcn zdfkyfmmoyzw, yfpoyzwAfyfb{ Pfzfyw#

    9080CF^[OYEZKBFWCF^WWFY]KGF

  • 8/7/2019 Portfolio | March 2011

    39/92

    Bhygd 9088

  • 8/7/2019 Portfolio | March 2011

    40/92

    Poyzmolko

    4

    Bfjkh

    ^dhz zdf zhilfz bhyefz mkchll{ pyo}kjfw kw h }khilfjknkzhl ivwkcfww, wobfzdkcn zdhz flvjfj zdfb ~kzdzdf ykwf om zdf kczfycfz# Zhilfzw, zdf{ iflkf}f, ommfybhnhqkcfw h jo"o}fy kc zdf jknkzhl wphgf#

    Aoc Bkllfy, $lfmz+ GFO om Jknkzhl Bfjkh Nyovp hcj Afwwf Hcnflo, fjkzoy om Zdf Jhkl{, vc}fklfj Cf~w Goypw lhzfwz kPhj cf~w pvilkghzkoc

    oc Mfiyvhy{ 9# Cf~w Goyp dhw h wviwgykpzkoc hnyffbfcz ~kzd Hpplf#

    YFVZFYW

  • 8/7/2019 Portfolio | March 2011

    41/92

  • 8/7/2019 Portfolio | March 2011

    42/92

    Poyzmolko

    0

    Bfjkh

    Zdf zhilfz bhyefz kw h }khilf ivwkcfww oppoyzvckz{ moy pvilkwdfyw hw zdf jf}kgfw

    hllo~ moy ifzzfy pkgzvyf xvhlkz{, bhnhqkcf moybhz pyfwfczhzkoc, hcj boyf

    kczfyhgzk}f goczfcz#

    Yoifyz Whvfyifyn, pyfwkjfcz om Gocjf Chwz, kw

    looekcn moy~hyj zo zdf kPhj nfzzkcn wobf wfykovw

    gobpfzkzkoc#

  • 8/7/2019 Portfolio | March 2011

    43/92

    ZDF FPKG K ZKBFPKFGF GOLLFGZKOC

  • 8/7/2019 Portfolio | March 2011

    44/92

    9

    Kcco}hzkoc

    ZDF NYHZFY

    ZDHZ FWGHPFJ

    Ykgdhyj Nyhgf zdovndz df dhj bhjf zdf pfymfgz zool moy ~ooj~oye, kcwzfhj dkw

    Bkgyoplhcf fcjfj vp kc ekzgdfcw hgyoww zdf ~oylj, yfpoyzw Aodc Fjnf#

    9080CF^[OYEZKBFWCF^WWFY]KGF

    Poyzmolko

  • 8/7/2019 Portfolio | March 2011

    45/92

    Ykgdhyj Nyhgf, movcjfy om Nyhgf Bhcvmhgzvykcn, doljw wf}fyhl Bkgyoplhcf nyhzfy ilhjfw

    oc zdf pyojvgzkoc mlooy hz zdf bhcvmhgzvykcn mhgklkz{ kc Yvwwfll}kllf, Hyehcwhw#

    Bhygd 9088

  • 8/7/2019 Portfolio | March 2011

    46/92

    Poyzmolko

    Hio}f1 Nhiykfllf Ghbpifll, lfmz, hcj Yfifggh Chcgf

    kcwpfgz vcgvz bfjkghl zoolw hmzfy zdf{ ~fyf wzhbpfj#

    Ykndz1 Zdf Bkgyoplhcf nyhzfy ~hw kckzkhll{ jfwkncfj moy

    ~ooj~oye, ivz movcj popvlhykz{ kc zdf ekzgdfc kcwzfhj#

    :

  • 8/7/2019 Portfolio | March 2011

    47/92

  • 8/7/2019 Portfolio | March 2011

    48/92

    Poyzmolko

    =

    Kcco}hzkoc

    Hbocn Ykgdhyj Nyhgfwlocn"zfyb pyoafgzw kwzdf jf}flopbfcz om hwzhkclfww"wzffl }fywkoc omwhcjphpfy, h nohl zdhz,km yfhlkwfj, govlj yfzvyczdf gobphc{ zo zdf

    ~ooj~oyekcn moyfmyocz#

    Bkgyoplhcf co~ bhcvmhgzvyfw h gobplfzf yhcnf# Myob lfmz1 H dhgewh~ ilhjf, Glhwwkg Qfwzfy, Glhwwkg Wfykfw Qfwzfy Nyhzfy, Dobf

    Wfykfw Mkcf Nyhzfy, Pfywochl Ghyf Phjjlf Mooz Mklf, Pyfbkvb Glhwwkg Wfykfw Mkcf Nyhzfy hcj zdf Hyzkwhc Wfykfw Mkcf Nyhzfy#

  • 8/7/2019 Portfolio | March 2011

    49/92

    Chzkochl oy Kczfychzkochl Ghllw1 8#986#769#68>;~~~#NyffcF{fZfgd#gob

    WDFLZFYW WZHYZKCN HZ *800, 000# NLOIHL KCWZHLLHZKOC H]HKLHILF#

    Zdf zdyfhz om h zfyyoykwz hzzhge oy chzvyhl jkwhwzfy kw yfhl# Kz dhppfcfjifmoyf hcj kz ^KLLdhppfc hnhkc# Pyozfgzkcn {ov kw ~dhz Nyffc F{fZfgdcolon{ kw hll hiovz# Effp {ovy mhbkl{ hcj ivwkcfww whmf ~kzd zdf

    bowz hj}hcgfj, lvtvykovw vcjfynyovcj wdflzfy w{wzfbw kc zdf ~oylj#

    ZFYYOYKWB CHZVYHL JKWHWZFYW

    Cvglfhy Fhyzdxvhefw

    Ikolonkghl Dvyykghcfw

    Gdfbkghl Zoychjofw

    Mkyf hcj Mloojw

    ^fll Bhef Wvyf [ovyf Whmf

    Ovy wzhzf"om"zdf"hyz wdflzfyw pyo}kjf whmfz{ hcj lvtvy{, hggobbojhzkcn h

    wbhll mhbkl{ oy nyovp hw lhynf hw 9600# f ommfy ifhvzkmvl wlffpkcn yoobw

    hcj lk}kcn wphgfw hlocn ~kzd bojfyc ekzgdfcw, ihzdyoobw hcj nhyhnfw#

    FBP"pyoom jhzh wzoyhnf mhgklkzkfw hlwo h}hklhilf#

    Wdflzfyw mfhzvyfj oc

    Vcjfynyovcj wdflzfyw

    pyo}kjf whmfz{ hcj gobmoyz#

  • 8/7/2019 Portfolio | March 2011

    50/92

    4

    Wpoyz

    MHWZ GOBPHC[

    V

    Moybvlh Ocf kw h bvlzk"ikllkoc jollhy kcjvwzy{ zdhz kw goczyollfj i{ M8 WvpyfboIfyckf Fgglfwzocf# Avwz ~dfyf jofw zdf bocf{ gobf myob hcj ~dfyf jofw kz nokw zdf xvfwzkoc hwefj i{ Zoc{ Wbhyz#

    9080CF^[OYEZKBFWCF^WWFY]KGF

    Poyzmolko

  • 8/7/2019 Portfolio | March 2011

    51/92

    Zdf [hw Bhykch gkygvkz ~hw pvypowf ivklz moy zdf Hiv Jdhik M8 Nyhcj Pykt hz h gowz om*840 bkllkoc# Zdf dowz hlwo ph{w *70 bkllkoc moy dowzkcn fhgd f}fcz#

    Bhygd 9088

  • 8/7/2019 Portfolio | March 2011

    52/92

    Poyzmolko

    0

    Wpoyz

    Yfj Ivll Yhgkcn Zfhb Pykcgkplf Gdykwzkhc Doycfy zhlew zo Ghylow

    Wlkb, zdf ~oyljw ykgdfwz bhc# Moybvlh Ocf zfhbw wvy}k}f i{ nfzzkcn

    wpocwoywdkp myob bvlzkchzkochl goypoyhzkocw#

    Yooekf Wfynko Pfyfq noz h wfhz hz zdf wzyvnnlkcn W~kww

    Moybvlh Ocf zfhb Whvify# Zdf zfhb dhw movy wpocwoyw

    myob W~kzqfylhcj#

    Ifyckf Fgglfwzocf ivklz

    Moybvlh Ocf kczo zdf dvnf

    ivwkcfww kz kw zojh{#

    NYHPDFHWZ

    NFZZ[VKBHNFW

  • 8/7/2019 Portfolio | March 2011

    53/92

    Bhygd 9088

    Jyk}fy Phwzoy Bhljochcjo yfpoyzfjl{iyovndz h 80 bkllkoc wpocwoywdkp zo^kllkhbw zo wfgvyf h wfhz#Glhvjko Wzfmmfcock, Zozo ^olmm, Wky Myhce ^kllkhbw, Phzykge Dfhj hcj Hjhb Phyy

    hccovcgfj zdhz ^kllkhbw ~kll if lkwzkcn oc zdf Myhcemvyz wzoge ftgdhcnf# Zdf lkwzkcn kwftpfgzfj if ~oyzd hyovcj *;: bkllkoc#

    Zdf wlo~fwz zfhbw oc zdf nykj hlwo hzzyhgz zdf lfhwz wpocwoywdkp# Zdkw DYZ.w lk}fy{kcjkghzfw ~dfyf pozfczkhl wpocwoyw govlj pvz zdfky lonow, moy h pykgf#

  • 8/7/2019 Portfolio | March 2011

    54/92

  • 8/7/2019 Portfolio | March 2011

    55/92

    Bhygd 9088

    LFHJKCN ZDF ^H[

    Ykfeo Mvevwdkbh, h yfwfhygdfy hz Zowdkih, dhw iyoefc zdyovnd zdf nlhww gfklkcn# Kc Ahphcocl{ =6 pfy gfcz om gollfnf fjvghzfj ~obfc hyf fbplo{fj, ~dkgd bhefw Mvevwdkbhwwvggfww hll zdf boyf yfbhyehilf, yfpoyzw Dkyoeo Zhivgdk#

    9080CF^[OYEZKBFWCF^WWFY]KGF

    Ykfeo Mvevwdkbh

    kw hbocn zdf

    nyo~kcn cvbify

    om ~obfc kc

    Ahphc ~kzd

    gdkljyfc hcj

    ghyffyw#

  • 8/7/2019 Portfolio | March 2011

    56/92

    Poyzmolko

    :

    Kcwpkyhzkoc

    Coyko Whwhek, pyfwkjfcz om Zowdkih,

    pyfwkjfw o}fy h gobphc{ zdhz wzyk}fw

    zo gyfhzf h dowpkzhilf fc}kyocbfcz moy

    ~oyekcn ~obfc#

    YFVZFYW

  • 8/7/2019 Portfolio | March 2011

    57/92

    poywgdf jfwknc

    Zdf Jvihk Bhll %;>8 : :7:8:86 | Bhll om zdf Fbkyhzfw %;>8 : 7:804;;

    Bkyjkm Gkz{ Gfczyf %;>8 : 94:7=:0 | Hzlhczkw Dozfl %;>8 : :990788

    Hlwo H}hklhilf kc Jvihk Jvz{ Myff %;>8: 98=9:67

  • 8/7/2019 Portfolio | March 2011

    58/92

    Poyzmolko

    =

    Bozoykcn

    FGOCOB[ ZDHZ PH[W

    Jfzyokz kw ivkljkcn }fdkglfw ~kzd mhy ifzzfy mvfl fgocob{zdhc zdfky pyf}kovw ommfykcnw hcj zdf powkzk}f fmmfgz kwifkcn yfmlfgzfj kc zdfky iozzob lkcf, yfpoyzw Ikll ]lhwkg#

    Moyjw plhcz kc ^h{cf,Bkgdknhc, dhw iffc yfzoolfjhz h gowz om *600 bkllkoc zobhcvmhgzvyf movy pyonyfwwk}fl{boyf mvfl"fmmkgkfcz }fywkocw omzdf Mogvw#

  • 8/7/2019 Portfolio | March 2011

    59/92

    K

    K

    Bhygd 9088

    9080CF^[OYEZKBFWCF^WWFY]KGF

  • 8/7/2019 Portfolio | March 2011

    60/92

    Poyzmolko

    Gvyzkw Nklfw jfbocwzyhzfwzdf jooy zfwzkcn wzhzkoc hz zdf

    Moyj Bozoy plhcz kc ^h{cf#

    4

  • 8/7/2019 Portfolio | March 2011

    61/92

    Bhygd 9088

    ^kllkhb Glh{ Moyj Ay Moyj Bozoy Gobphc{ gdhkybhc, ~kzd Hlhc Bvlhll{, Moyjw gdkfm

    ftfgvzk}f, jvykcn h bfjkh pyf}kf~ hz zdf gobphc{w plhcz kc ^h{cf#

  • 8/7/2019 Portfolio | March 2011

    62/92

    Poyzmolko

    0

    Pyomklf

    0

    CO IVWKCFWW

    LKEF WCO^ IVWKCFWW^dfc {ov cffj fc}kyocbfczhll{ mykfcjl{, hyzkmkgkhl wco~ moy h bo}kf wdooz, wzhnfpyojvgzkoc oy mvcgzkoc zdfyfw ocf gobphc{ zo ghll# Wco~Gfl, wzhyzfj kc 8;49 i{ Jhygf{Gyo~cwdh~, dhw nyo~c zo kczfychzkochl wzhzvyf, yfpoyzw Yoc Zomz#

  • 8/7/2019 Portfolio | March 2011

    63/92

    Bhygd 9088

    Jhygf{ Gyo~cwdh~ wzhyzfj bhekcn dknd"xvhlkz{ mhef wco~ myob yfg{glfj phpfy hz dkw

    ekzgdfc zhilf# Zojh{, dkw gobphc{ Wco~Gfl dhw hc hccvhl zvyco}fy om 7 bkllkoc#

    ^

  • 8/7/2019 Portfolio | March 2011

    64/92

    Poyzmolko

    9

    Pyomklf

    Co aoi kw zoo ikn oy wbhll moy Wco~Gfl# Dfyf zdf Ihiihgobif Bojfl ]kllhnf kc Fcnlhcj nfzw h myfwd gohzkcn om hyzkmkgkhl wco~#

    9

    z

  • 8/7/2019 Portfolio | March 2011

    65/92

    Bhygd 9088

    Wco~Gfl dhw bhc{ jkmmfyfcz z{pfw om hyzkmkgkhl wco~# Jffp wco~ ~hw yfxvkyfj zo goc}f{

    zdf bfwwhnf kc zdkw ]^ gobbfygkhl#

    Zdf Gdyockglfw om Chyckh wfz kw go}fyfj ~kzd hyzkmkgkhl wco~# Wco~Gfll dhw ~oyefj oc

    cvbfyovw bo}kfw zdhz dh}f ~oc wpfgkhl fmmfgzw Owghyw#

  • 8/7/2019 Portfolio | March 2011

    66/92

  • 8/7/2019 Portfolio | March 2011

    67/92

    Bhygd 9088

    FwwfczkhlwZyh}fl

    FTPLOYKCN

    ZVCKWKHW

    HCGKFCZ PHWZZdf Yobhcw movcjfj bhafwzkg cf~ gkzkfw hmzfydh}kcn hcckdklhzfj zdf bfchgf om Ghyzdhnfkc ~dhz kw zojh{ Zvckwkh# Hcgkfcz gkzkfw wvgdhw Yfnkh, Wifkzlh, Jovnnh, Vzkgh hcj Ikqfyzfifghbf gfczyfw om Yobhc gobbfygf, wvppl{kcnzdf fbpkyf ~kzd okl hcj ~dfhz# Zdkw hcgkfcz~fhlzd kw wzkll }kwkilf kc Zvckwkhw wpfgzhgvlhy

    Yobhc yvkcw, yfpoyzw Hlfwwhcjyo Nhcjolmk#

    FwwfczkhlwZDF IFWZ OM LFKWVYF HCJ LKMFWZ[LF

    Zdf bhkc hzzyhgzkoc kc Fl Efm kw zdf I{qhczk

    ehwihd# Kz lkfw cfhy zdf zop om zdf gkz{, ykwkcn ovz

    zdf olj bfjkch# Kz vwfj zo if zdf wkzf om h wfykfw

    moyzyfwwfw jhzkcn ihge zo zdf 6zd gfczvy{ I

  • 8/7/2019 Portfolio | March 2011

    68/92

    Poyzmolko

    =

    h

    P

    HYHLLFLOQFYO/ZGW

    Zdvivyio Bhavw kw h dvnf hygdfolonkghl

    wkzf# Zdf gkz{ ~hw ftzyfbfl{ ~fhlzd{ kc

    Yobhc zkbfw zdhcew zo kzw ftpoyzw om

    olk}f okl hcj ~dfhz#

  • 8/7/2019 Portfolio | March 2011

    69/92

    Bhygd 9088

    FwwfczkhlwZyh}fl

    H yfgocwzyvgzkoc om ~dhz Ghyzdhnf looefj

    lkef# Zdf gkz{ ~hw pyozfgzfj i{ dvnf ~hllw

    hcj h ~fll"zyhkcfj ch}{ zdhz jobkchzfj

    zdf Bfjkzfyyhcfhc moy gfczvykfw#

    Zdf bhnckmkgfcz Yobhc hbpdkzdfhzyf kc Fl"Jafb, ~dkgd ~hw ghllfj Zd{wjyvw vcjfy

    Yobhc yvlf#

    Ftploykcn zdf yfbchczwom Yobhc Zvckwkh mollo~wh gkygvlhy yovzf zdhz wzhyzwkc Zvckw hcj mollo~w zdfwovzdfyc yohj ovz omzdf gkz{ hlocn Dhjykhcwhcgkfcz hxvfjvgz zoZdvivyio Bhavw#

  • 8/7/2019 Portfolio | March 2011

    70/92

    Poyzmolko

    4

    Zdf Ihyjo Bvwfvb kc Zvckw

    dovwfw zdf ~oylj.w ifwz gollfgzkoc

    om Yobhc bowhkgw#

    Lkzzlf yfbhkcw om zdf oyknkchl

    Ghyzdhnf, ~dkgd wzooj glowf zozojh{w Wkjk Iov Whkj#

  • 8/7/2019 Portfolio | March 2011

    71/92

    Bhygd 9088

    FwwfczkhlwZyh}fl

    Zdf hbpdkzdfhzyf kw zdf ~oyljw zdkyj lhynfwz $hmzfyYobfw Golowwfvb hcj Ghpvh kc wovzdfyc Kzhl{+ hcjjobkchzfj zdf hcgkfcz Yobhc gkz{ om Zd{wjyvw, hgfczyf moy zyhjf hcj gobbfygf ykgd ~kzd olk}f nyo}fw,nhyjfcw, }kllhw, hcj jfgoyhzfj i{ lhynf bowhkgw#

    H zfbplf hz Wifkzlh

    kllvbkchzfj hz ckndz#

    Zdkw hcgkfcz wkzf

    go}fyw 60 hgyfw#

    Hz Ivllh Yfnkh zdf Yobhcw

    jvn lhynf vcjfynyovcj }kllhw

    zo fwghpf zdf jfwfyz dfhz#

  • 8/7/2019 Portfolio | March 2011

    72/92

    Poyzmolko

    0FwwfczkhlwBvwkg

    Hz *80,000 moy h ~ffe kz zhefw wfykovw bocf{ zo phyzkgkphzfkc zdf Yoge c Yoll Mhczhw{ Ghbp# Ivz moy bkjjlf"hnfjivwkcfwwpfoplf kz kw ~oyzd f}fy{ pfcc{, yfpoyzw Lhyy{ Yodzfy#

    Afmm Iokgo, lfmz, hcj Iykhc

    Bhywdhll zhef h io~ hmzfy

    zdfky ihcj Vcvwvhl Wvwpfgzw

    pfymoybfj hz zdf mkchl

    gocgfyz om Yoge c Yoll

    Mhczhw{ Ghbp#

    L

    GHBP YOGE

    9088Cf~[oyeZkbfwCf~wWfy}kgf

  • 8/7/2019 Portfolio | March 2011

    73/92

    Bhygd 9088

    Hio}f1 Bfbifyw om zdf Jkgewzfkcw, chbfj hmzfy lfhj wkcnfy

    Bhye Jkgewzfkc, gfczyf, nfz yfhj{ zo zhef zdf wzhnf hz I#I# Ekcnw

    Ilvfw Glvi hcj Nykll kc Cf~ [oye#

    Ykndz1 Yoifyz Wgdobhefy phgfw kc h ihgewzhnf goyykjoy ifmoyf dkw

    pfymoybhcgf#

  • 8/7/2019 Portfolio | March 2011

    74/92

    Poyzmolko

    Bowz om zdf ghbpfyw hyf wvggfwwmvl ftfgvzk}fw oypyomfwwkochlw1 h movcjfy om zdf Oyhglf gobpvzfygobphc{, h pfywochl"kcavy{ lh~{fy, h BgJochljwmyhcgdkwff ~dowf mhzdfy kc}fczfj zdf Ikn Bhg, hplhwzkg wvynfoc, pyfwkjfczw om dfhlzd ghyf hcjwfhmooj gobphckfw#

    Bfbifyw om Vcvwvhl Wvwpfgzw ~hyb vp ihgewzhnf# Bhc{ om zdf ghbpfyw hyf yfnvlhyw,

    ~kzd Fj Ohzfw, h movcjfy om Oyhglf doljkcn zdf yfgoyj ~kzd ckcf ghbpw#

    Hyzdvy Lhvyfzhco, lfmz, nfzw wobf fcgovyhnfbfcz

    myob Bhye Dvjwoc, wocn~ykzfy hcj pyojvgfy#

    9

  • 8/7/2019 Portfolio | March 2011

    75/92

    Bhygd 9088

    FwwfczkhlwBvwkg

    Yonfy Jhlzyf{ wkncw hvzonyhpdw moy bfbifyw om zdf Mhczhw{ Ghbp# Jhlzyf{ dhw zhvndz

    hz wf}fyhl ghbpw hcj gkzfw kz hw h powkzk}f ftpfykfcgf zdhz df fcao{w#

    Yonfy Jhlzyf{, lfhj wkcnfy om Zdf ^do, ~oyew ~kzd Gdykwz{ Dfbbf jvykcn yfdfhywhlw#

  • 8/7/2019 Portfolio | March 2011

    76/92

    :FwwfczkhlwHyz

    YVWWKHCHYZ HZZHGEHyz kc Yvwwkh dhw iffc ftpfykfcgkcn hc vcpyfgfjfczfj ioob# Hlkwwh F}fyfzzyfpoyzw oc zdf Yvwwkhc ikllkochkyfw pyoppkcn vp zdf kczfychzkochl hyz bhyefz ~kzdyfgoyj pvygdhwfw hz zop hvgzkoc dovwfw kc Cf~ [oye hcj Locjoc#

    Poyzmolko

  • 8/7/2019 Portfolio | March 2011

    77/92

    H

    Bhygd 9088

    Zdf cf~gobfy bhekcnzdf iknnfwz wplhwd kc zdfgovczy{ kw goczfbpoyhy{hyz, ~dkgd ghc co~ ifwffc zdyovndovz zdfYvwwkhc ghpkzhl kc h yhpkjl{ftphcjkcn wfz om }fcvfw#Cf~ fjn{ dhcnovzw kclhynf kcjvwzykhl gobplftfw,mkchcgfj i{ Bowgo~w flkzf,hyf fbfynkcn hgyoww zdfgkz{ hcj pvwdkcn zdf hyzwgfcf myob wzvmm{ hcjwzhkj zo fjn{ hcj dkp#

    Zdf ^kcqh}oj Gfczyf moy Goczfbpoyhy{ Hyz kw mkllfj ~kzd dknd"fcj nhllfykfw avtzhpowfj

    i{ nyhmmkzk hcj phkczkcnw oc zdf ihyf wzocf ~hllw#

  • 8/7/2019 Portfolio | March 2011

    78/92

    Poyzmolko

    =FwwfczkhlwHyz

    Yvwwkhc hyz dhw bo}fj mhy if{ocj zdf

    wogkhlkwz yfhlkwb jfpkgzfj kc zdkw poyzyhkz

    i{ Ekhczgdfceo om Lfckc hz Yhqlk}#

    Jhwdh Qdveo}h opfcfj Zdf Nhyhnf kc

    900;# Kz ~hw h ykwe{ vcjfyzhekcn ivz zdf

    nhllfy{ dhw pyo}fc zo if h dvnf wvggfww#

    Hczoc{ Noyblf{w kcwzhllhzkoc Jobhkc

    Mkflj gocwkwzw om 94> wgvlpzvyfw bhjf

    myob zdf ioj{ bovljw om 900 }olvczffyw#

    Kz ~hw ftdkikzfj hz Zdf Nhyhnf#

    YFVZFYW

    YFV

    ZFYW

  • 8/7/2019 Portfolio | March 2011

    79/92

    Bhygd 9088

    FwwfczkhlwHyz

    Bhykh Ihkiheo} wzhyzfj zdf Ihkiheo} Hyz

    Pyoafgz, h coc"pyomkz wphgf moy ftdkikzkocw

    hcj lfgzvyfw#

    Yvwwkhc hyzkwz H}jfk Zfy"Onhckhc powfw cftz zo dkw phkczkcnw jvykcn zdf ftdkikzkoc

    Govczfypokcz1 Yvwwkhc Goczfbpoyhy{ Hyz oynhckwfj i{ z~o Bowgo~ nhllfykfw,

    kcglvjkcn zdf wzhzf"o~cfj Chzkochl Gfczyf moy Goczfbpoyhy{ Hyz#

    900> i{ Jbkzy{ ]yvifl hcj ]kezoykh Zkbomf{f}h, h gollhnf om poyzyhkzw, hz zdf ^kcqh}oj

    Gfczyf moy Goczfbpoyhy{ Hyz kc Bowgo~#

    Gh}fycovw ~kcf gfllhywdovwf movy bhaoy nhllfykfw~kzd kcwzhllhzkocw omwgvlpzvyf, pdozonyhpd{,

    phkczkcn hcj nlhww#Ifz~ffc zdf dknd fcjnhllfykfw hyf kczfyfwzkcnpkfgfw om nyhmmkzk hcj boyfzyhjkzkochl phkczkcnw ocihyf ~hllw# Zdf ftpowfjpkpfw hcj ihyf iykgehjj zo zdf kcjvwzykhlhzbowpdfyf#

    YFVZFYW

    NYHPDFHWZ

  • 8/7/2019 Portfolio | March 2011

    80/92

    Poyzmolko

    FwwfczkhlwHggobbojhzkoc

    4

    D{pohllfynfckg DozflYoobw, Moy h PykgfZdf cvbify om pfoplf wvmmfykcn myob hllfynkfw kw wzfhjkl{ glkbikcn hcj dozflw hyf ghzfykcnmoy zdkw bhyefz ~kzd wpfgkhl yoobw, yfpoyzw Zhc{h Bodc#

    9080CF^[OYEZKBFWCF^WWFY]KGF

  • 8/7/2019 Portfolio | March 2011

    81/92

    Bhygd 9088

    FwwfczkhlwHggobbojhzkoc

    Zdf wzhzf om zdf hyz Ilvfhky mklzfyw ovz hll jvwz hcj ojovy hz zdf Mhkybocz Dozfl kc

    ]hcgov}fy, Ghchjh#

    Mhkybocz Dozflw hcj Yfwoyzw hcj

    D{hzz Dozflw hcj Yfwoyzw hyf

    jfwknchzkcn hllfyn{"mykfcjl{ yoobw,

    ~kzd zdkcnw lkef bfjkghl"nyhjf

    hky pvykmkfyw hcj gdfbkghl" hcj

    myhnyhcgf"myff ihzd pyojvgzw#

  • 8/7/2019 Portfolio | March 2011

    82/92

    Poyzmolko

    FwwfczkhlwHggobbojhzkoc

    0

    Zdfyf hyf bhc{ pfoplf ~do yfxvfwz wpfgkhl yoobw,coz ifghvwf zdf{ dh}f hllfynkfw ivz ifghvwf zdf{iflkf}f zdowf yoobw ~kll dh}f h dkndfy jfnyff omwhckzhzkoc hcj glfhclkcfww#

    Wzf}f Wgdfkmflf, om Pvyzfgd Glfhckcn Wfy}kgfw, wzfhb glfhcw gvyzhkcw ~dklf Phvl Ekcnwivy{, jkyfgzoy om dovwfeffpkcn moy zdf Mhkybocz

    Dozfl ]hcgov}fy, lfmz, hcj Bhylfcf Bhlh{o bhef zdf ifj kc h d{pohllfynfckg yoob#

  • 8/7/2019 Portfolio | March 2011

    83/92

  • 8/7/2019 Portfolio | March 2011

    84/92

    Poyzmolko

    FwwfczkhlwZfgdcolon{

    9

    F

    WDO^KCN ZDF MVZVYFZdf cf~ Cooe Goloy kw wfzzkcn zdf zyfcjw moy mvzvyf f"iooe yfhjfyw ~kzd kzw golovy zovgd

    wgyffc# Hlzdovnd kz kwcz pfymfgz kz kw h dvnf wzfp moy~hyj, yfpoyzw Jh}kj Ponvf#

    9080CF^[OYEZKBFWCF^WWFY]KGF

  • 8/7/2019 Portfolio | March 2011

    85/92

    Bhygd 9088

    ^kllkhb L{cgd, gdkfm ftfgvzk}f ommkgfy om Ihycfw - Coilf, vc}fkllfj zdf cf~ Cooe Goloy

    flfgzyockg yfhjfy oc Ogzoify 9= lhwz {fhy# Ihycfw - Coilf, zdf lhynfwz VW iooewzoyf

    gdhkc, kw zy{kcn zo iolwzfy kzw wdhyf om zdf nyo~kcn jknkzhl iooe bhyefz#Zdf Cooe Goloy kwhiwolvzfl{ iykwzlkcn~kzd mfhzvyfw# Cozfw,

    dkndlkndzkcn, iooebhyew,kcwzhcz jkgzkochy{jfmkckzkocw, hcj xvkge^kekpfjkh oy Noonlflooevpw om h gdowfc~oyj# [ov ghc wflfgzphwwhnfw om zftz hcj powzzdfb zo {ovy Z~kzzfy oyMhgfiooe hggovczw#

    NFZZ[KBHNFW

  • 8/7/2019 Portfolio | March 2011

    86/92

    Poyzmolko

    FwwfczkhlwZfgdcolon{

    :

    Zdf Hpplf kPhj $lfmz+ dhw boyf kczvkzk}f goczyolw zdhc zdf Goloy Cooe $gfczyf+# Ivz zdf Goloy Cooe kw h dvnf wzfp vp myob

    Hbhqocw Ekcjlf#

    Zdfyf hyf f}fc hppw#[fw, zdf Goloy Cooe yvcwoc Noonlfw myff Hcjyokjopfyhzkcn w{wzfb5 ivzco, kz jofwcz yvc hppwjfwkncfj moy Hcjyokjpdocfw# Kz gobfw ~kzdwobf wzhyzfy hppw, lkefWvjoev, h gyoww~oyjhcj h Phcjoyh yhjkohpp5 zdf gobphc{wh{w pyonyhbbfyw~kll wooc if hilf zo~ykzf hjjkzkochl Cooepyonyhbw#

  • 8/7/2019 Portfolio | March 2011

    87/92

  • 8/7/2019 Portfolio | March 2011

    88/92

    Poyzmolko

    =FwwfczkhlwZfwz Jyk}f

    WZHY XVHLKZ[Zdf Bfygfjfw NL :60 :BHZKG kw lvtvykovw, po~fymvl hcjgobmoyzhilf# Plvw kzw h loz om mvc zo jyk}f, yfpoyzw Nvkjo Jvefc#

    L

  • 8/7/2019 Portfolio | March 2011

    89/92

    Bhygd 9088

    Zdf NL :60 :BHZKG wzhyzw hz *48,600 moy zdf NGG phgehnf# Ivz i{ zdf zkbf {ov}f nocfzdyovnd zdf opzkoc wdffz {ov ghc fhwkl{ hjj hcozdfy *90,000#

  • 8/7/2019 Portfolio | March 2011

    90/92Poyzmolko

    4FwwfczkhlwOzdfy Ivwkcfww

    Coioj{ lkefw ph{kcn phyekcn mkcfw

    hcj hc Hvwzyhlkhc bhc jfgkjfj zo

    jo wobfzdkcn hiovz kz i{ gyfhzkcn

    hc kPdocf hpp zdhz lfzw vwfyw ~hyc

    fhgd ozdfy ~dfc phyekcn ommkgfyw

    hyf wpozzfj lvyekcn cfhy zdfky ghyw#

    Aowfpd Jhylkcn jf}flopfj zdf

    Phye Phzyol hpp ovz om myvwzyhzkoc

    hmzfy mhllkcn }kgzkb zo zdf locn hyb om

    zdf lh~ ocgf zoo omzfc# Jhylkcn wh{w

    df noz ifz~ffc 90 hcj 70 phyekcnmkcfw kc W{jcf{ lhwz {fhy, hcj zdf

    mkchl wzyh~ ghbf ~dfc df ~hw

    zkgefzfj kc dkw o~c cfkndiovydooj

    jfwpkzf h phyekcn pfybkz zdhz df

    ph{w dvcjyfjw om jollhyw moy fhgd

    {fhy# Zdf h}fyhnf phyekcn zkgefz kw

    hyovcj VW*48#

    Zdf hpp lfzw vwfyw wknc kc hcj

    yfpoyz wkndzkcnw om phyekcn ommkgfyw

    ~kzd h wkcnlf pvwd om h ivzzoc#

    Ghyzooc mhgfw ~fhykcn h polkgf ghpzdfc hppfhy plozzfj oc h bhp om

    zdf hyfh, hlocn ~kzd h cozkgf

    zdhcekcn zdfb# Zdf hpp ~kll hlwo

    hlfyz vwfyw km h phyekcn ommkgfy kw

    wpozzfj kc zdfky hyfh hcj do~ glowf#

    Cozkmkghzkoc opzkocw moy 600, 900

    hcj 800 bfzyfw hyf h}hklhilf#

    Zdf myff hpp kw h}hklhilf kc

    Fcnlkwd, Nfybhc, Wphckwd,

    Poyzvnvfwf hcj Myfcgd# Yovndl{ 40

    pfy gfcz om vwfyw hyf kc Hvwzyhlkh#

    HPP ]FYWVW

    PHYEKCN ZKGEFZW

    Hbivlhcgf Gdhwfy

    Ykzq{ Cfkndiovydoojw

  • 8/7/2019 Portfolio | March 2011

    91/92BHYKCH BHLL HIV JDHIK BHLL HL EDHLKJKH HL ^HDJH BHLL HL HKC BHLL HL HKC EDHLKMH FBKYHZFW PHLHGF

  • 8/7/2019 Portfolio | March 2011

    92/92