SHARE ISSUE INFORMATION KFL.pptx

8/10/2019 SHARE ISSUE INFORMATION KFL.pptx

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Ordinary Share Issue 2014

Kanrich Finance Limited


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Incorporated in 1971

Incorporated as a limited liability company on 27th October 1971 under the

companys ordinance No 51 of 1938 and re registered as a Public Limited companyunder the act No 7 of 2007. The company is licensed by the Central Bank of Sri Lanka

under the Finance Business Act of 42 of 2011 (Reg No. PB694)


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Vision

To be the most admired financial institution in the

country by being the company of choice for all

customer segments we serve and to all our key

stakeholders.


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Values

CUSTOMER IS BOSS

We will be customer centric in our entire decision making and give priority over

shareholders, hierarchy and any other stakeholders.

BORDERLESS THINKING WHERE IDEAS SUPERSEDES STRUCTURES AND

HIERARCHY

New ideas will be actively encouraged from everybody and everywhere and

priority will be on quality of the idea instead of whose idea

BENCHMARK AGAINST THE BEST AND BEAT THE BEST

We will benchmark all our output and processors against the best and exceed the

standards


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Values

CONTINUES IMPROVEMENT

We will consistently and continuously improve our existing standards and always

lookout for better alternatives

INTEGRITY

Integrity will be never compromised and will vigorously propagate it throughout

the company

RESPECT, INSPIRE AND EMPOWER PEOPLE

Recognizing the worth of individuals through trust, courtesy, sensitivity and open

communication by working together towards a shared goal and being responsible

for our actions.


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Board of Directors


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Board of Directors

Mr. S. H. Piyasiri - Chairman / Director

Mr. Piyasiri has over 35 years of experience in Banking / Finance and is the former General Manager / CEO of the

National Savings Bank in Sri Lanka. He has served as a Faculty Member of the Department of Economics,

University of Peradeniya and Colombo Campuses and as a visiting faculty member of the Institute of Bankers, Sri

Lanka. He held the position of the President of the Chartered Institute of Bankers, London, at the Colombo Centre for

two consecutive years.

BA (Hons.), MBA (UK), FCIB (London)


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Board of Directors

Mr. S.I.Weerasinghe - Chief Executive Officer / Director

He is a Chartered Accountant (ACA) and a Graduate of the University of Sri Jayawardenepura with over 15 years of

experience in the field od Management and Accountancy and did his articles at Messrs Ernst & Young. He has held

Senior Management positions in several institutions in the field of Finance. He is also a Certified Management

Accountant (ACMA) and a member of the National Institute of Accountants of Australia (MINA Aus.) and a Member of

the Professional Managers Association (MCPM).

B. Sc (Hons.), MBA (Aus.), ACA, ACMA, MCPM, MINA (Aus.)


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Board of Directors

Dr. K. M. S. B. Rekogama - Deputy Chairman / Director

He is the former Chairman/ Managing Director of State Pharmaceutical Manufacturing Corporation having over 36

years of experience in Engineering, Transportation, Pharmaceuticals and Plantation Industries. He is also the Past

President of Institute of Incorporated Engineers of Sri Lanka, Past Vice-President of Institute of Automotive Engineers

of Sri Lanka and the Chairman of the Past Presidents Forum of IIESL and also a District Governor of International

Association of Lions Club District 306A1. Currently, he is the Chairman/Managing Director of Pear Lanka Engineering

Services (Pvt) Ltd.

FIIESL, MIAESL, I.Eng., GCGI (London), Ph. D. (Honorary)


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Board of Directors

Mr. P. A. Pemathilaka - Director

Mr. P. A. Pemathilaka is a fellow of The Institute of Chartered Accountants of Sri Lanka with over thirty years of

experience in Accounting, Finance and Auditing, having held the positions of Director Public Enterprises, Director

Public Enterprise Reforms, Additional Director General of Treasury Operations, Director General of State

Accountants of the General Treasury and the Auditor General of State Accountants of the General Treasury and the

Auditor General. After retirement from the Post of Auditor General, he performed as a Consultant for the Committee

on Public Enterprises in Parliament of Sri Lanka for around two years. At present, he performs as a Member, Tax

Appeals Commission and Government Procurement Appeal Board.

B.Com (Hons.) (University of Ceylon), MBA, FCA


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Board of Directors

Mr. K.K.D. Ranawaka - Director

Mr. Kingsley Ranawaka counts over 20 years experience in the field of Law/Administration. In 2005, he was

appointed as the Chairman of Sri Lanka Foreign Employment Agency and thereafter was promoted as the Chairman

of Sri Lanka Bureau of Foreign Employment (SLBFE). Presently, he is holding the post of Chairman at Maga Neguma

Road Construction Equipments Company (MNRCE), a fully Government owned company which was established

under the purview of the Ministry of Ports and Highways.

LLB (University of Colombo) / Attorney -at-Law


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Board of Directors

Mrs. R. S. Goonetilleke - Director

Mrs. Goonetilleke counts over 30 years of experience in Banking and Finance having worked in People's Bank and

Hatton National Bank. After retirement she joined the Postgraduate Institute of Management (PIM) of Sri

Jayawardenepura University as a Senior Banking Consultant and as a Senior Faculty Member. In 2006, she joined

the Institute of Bankers, Sri Lanka as the Acting Director General. She joined the ICFAI Education Lanka, the Sri

Lankan Branch of ICFAI University, India in 2008 and since 2009 to date serving as the Country Head and Dean,

Academic of the University Campus.

BA (University of Ceylon), MBA (Sri J.), FCIB (LONDON)


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THE ISSUE AT A GLANCE

Starting Date: September 10 2014

Closing Date: December 10,2014

Type of Issue: Ordinary Share Issue (Voting) through Private Placement

Number of Issue: 20,000,000

Amount of Issue: LKR 400,000,000/=

Price per Share: LKR 20/=

Minimum No of Shares: 1000 Shares ormultiples of 100 shares

Over Subscribe:According to the Customer Placement of Date Order Up to Complete of 20,000,000

Shares (First Come First Serve Basis)


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PROCEDURE FOR APPLICATION

Who May Apply

Applications are invited for the subscription of the Shares from the following categories of

applicants,

Citizens of Sri Lanka who are resident in Sri Lanka and above 18 years of age.

Companies, Corporations and other Corporate Bodies registered/ incorporated /

established in Sri Lanka (In this case, the Application should be in the Approved ProvidentFunds, Trust Funds and Contributory Pension Schemes name of the Trustee/ Board of

Management).

Foreign Institutional Investors, Corporate Bodies incorporated outside of Sri Lanka,

Foreign Citizens and Sri Lankans resident outside of Sri Lanka and above 18 years of

age.

Applications will not be accepted from individuals under the age of 18 years or in the name ofsole proprietorships, partnerships, unincorporated trusts or non-corporate bodies.


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How to Apply

Minimum subscription shall be 1000 Ordinary Voting Shares at LKR 20 per. Applications in excess of theminimum subscription shall be in multiples of 100 shares applied.

Applications are also permitted on photocopies of the same application Forms.

Care must be taken to follow the instructions on the reverse of the Application Forms. Applications, which

do not strictly conform to such instructions and/or theterms and conditions, set out in Kanrich Finance

Ltd Management or which are incomplete or illegible may be rejected.

Joint Applicants should note that all parties in the Joint Application should either be

residents of Sri Lanka or non-residents. An Applicant of a Joint Application will not be

eligible to submit a separate Application either individually or jointly for the shares applied. Only one

Application should be made by any person or entity with

regard to the shares. Multiple applications for the shares will be rejected.

Applications by Companies, Corporations and other Corporate Bodies, registered/

incorporated/established in Sri Lanka should be made under their common seal or in

any other manner as provided by their Articles of Association or such other

constitutional documents of such Applicants or as per the statutes governing them. In

the case of Approved Provident Funds, Trust Funds and Approved Contributory

Pension Schemes the Applications should be in the name of the Trustees/Board of

Management.


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Cont;

A Sri Lankan Citizen must state his/her National Identity Card (NIC) number in the

Application Form. In the case of companies, the Company Registration Number

should be stated in the space provided in the Application Form. A foreign citizen must

state his/her Passport number in the space provided. A Sri Lankan citizen can state

the Passport number only when the NIC is not available.

If the ownership of the Shares is desired in the name of one individual full details

should be given under the heading SOLE/ FIRST APPLICANT in the ApplicationForm. In the case of joint applicants, the particulars of all applicants should be given

under the relevant headings.

The Application Forms may be signed by someone on behalf of the Applicant(s)

provided that such person holds the Power of Attorney (POA) of the Applicant(s). A

copy of such POA certified by a Notary Public as True Copy should be attached with

the Application Form. Original of the POA should not be attached.

Foreign Investors and Non-Resident Investors may be affected by the laws of the

Jurisdiction of their residence. It is the responsibility of such Investors to comply with

the laws relevant to their country of residence and the laws of Sri Lanka, when making

an Application for subscription of the Shares.


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Mode of Remittance

Mode of Remittance

Remittances should be made separately in respect of each Application by way of

Cheque, Bank Draft, Bank Guarantee or Cash as the case may be. Cheques and

Bank Drafts should be drawn on any Licensed Commercial Bank in Sri Lanka and

crossed Account Payer Only " and made payable to "Kanrich Finance Limited

O/A Share Issue 2014". The Bank Guarantees should be is used by a Licensed

Commercial Bank in Sri Lanka and payable on demand to "Kanrich Finance Limited

O/A Share Issue 2014" and should be in a form acceptable to the Company.

Applications with two or more Cheques / Bank drafts / Bank Guarantees may be

rejected. Payments for Applications for values above and inclusive of LKR 10,00,00

should be supported by a Bank Guarantee.


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Awards

Kanrich Finance Annual Report Wins Two Gold

and Two Silver Awards


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Social Activities

Polonnaruwa Rural Area Essential Dry Food

Donation


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2010

Our Journey

Acquired by


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19 Branches / Service

Centres

11 Micro Centres

Our Journey

2014


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Assets Growth

-

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

2010/2011 2011/2012 2012/2013 2013/2014 Today


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Staff Strength

0

100

200

300

400

500

600

700

800

900

1000

2011/12 2012/ 13 2013/ 14


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Operating Profit

(50,000,000)

-

50,000,000

100,000,000

150,000,000

200,000,000

250,000,000

300,000,000

350,000,000

400,000,000

2010/11 2011/12 2012/ 13 2013/ 14


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Monthly Lending

-

200,000,000

400,000,000

600,000,000

800,000,000

1,000,000,000

1,200,000,000

2011/2012 2012/2013 2013/2014 Today


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No of Villages - 6600

Micro Members - 180,000

Lending Portfolio - 5.5 Billion

Monthly Collection - 800 Million


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Launched Branchless Banking Solution

Recent Advancement


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Product Diversification

Fulfill the Central Bank CategoryA requirements by December 2014

Listing of shares in CSE by 2015

Upgrade the existing Branch Network in 2015

Implement innovative technology solutions


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Growing Together

Documents

SHARE ISSUE INFORMATION KFL.pptx