SWARNAMAHAL FINANCIAL SERVICES ANNUAL REPORT 2016/2017

Tuesday, December 14, 2017

We take pride in understanding and prioritizing our peoples pulse and financial requirements. In focusing on this aspect of our business, we have retained our standing as one of the nations foremost innovative and trusted financial service providers..

SWARNAMAHAL FINANCIAL SERVICES ANNUAL REPORT 2015/2016

Tuesday, August 30, 2016

We live in a world of challenges. A world where change is paramount. Therefore it is essential to comprehend the rising demands of our large and loyal clientele, but to flawlessly offer something diverse, innovative and different..

SWARNAMAHAL FINANCIAL SERVICES ANNUAL REPORT 2014/2015

Monday, September 28, 2015

It gives me a great pleasure to welcome all of you, our valued Shareholders to the 10th Annual General Meeting of Swarnamahal Financial Services PLC and to present you the Audited Financial Statements and the Annual Report for the financial year 2014/15.

SWARNAMAHAL FINANCIAL SERVICES ANNUAL REPORT 2013/2014

Wednesday, September 24, 2014

The Directors have pleasure in presenting the Annual Report together with the Audited Financial Statements of the Company for the financial year ended 31st March 2014. Swarnamahal Financial Services PLC (“SFS”) is a Public Limited Liability Company, incorporated on 14th January 2004 in Colombo, under the Companies Act No. 17 of 1982 and re-registered under the Companies Act No.7 of 2007, on 16th September 2008.

SWARNAMAHAL FINANCIAL SERVICES ANNUAL REPORT 2012/2013

Wednesday, October 02, 2013

Teamwork is equal parts commitment, a shared vision and the enthusiasm to reach goals as one unit and this Year we are celebrating the unity we have created within the company and the group in achieving our objectives. With a team that is dedicated to delivering value and the right leadership to steer its course we are creating synergies that are guaranteed to lead to our future success.

SWARNAMAHAL FINANCIAL SERVICES ANNUAL REPORT 2011/2012

Friday, August 10, 2012

The start of a new year, a new era and a new standard in financial services and as a company that is committed to development and providing the best quality products and services to all our valued customers,we have made a mark in the industry and there is no end in sight to the potential and possibility that has been afforded to us. Our sights have been firmly set and our path is free of impediments. Here at Swarnamahal Financial Services PLC, our path to growth is upwards and into the future.

SWARNAMAHAL FINANCIAL SERVICES AVURUDU ULELA 2011

Sunday, May 15, 2011

All Staff Members of Swarnamahal Financial Services PLC Celebrates "Aluth Avurudu Sports Day 2011" at Shalika Sports Club, Narahenpita..........

SWARNAMAHAL FINANCIAL SERVICES OPENS FOR BUSINESS IN BATTICALOA

Wednesday, July 27, 2011

Swarnamahal Financial Services PLC established its 17th Pawning Centre in Batticaloa on 27th July 2011.Dr Soma Edirisinghe, the Chairperson graced the occasion by ceremonially opening the business to the Public at No. 190, Trincomalee Road Batticaloa..........

SWARNAMAHAL FINANCIAL SERVICES PLC RAISE RS. 167 M VIA SECURITISATION

Monday, July 18, 2011

Swarnamahal Financial Services Plc (SFS), a leading finance company, has announced its first successful private offering of an asset-backed securities issue of Rs. 167 million. The core objective of this issue was to finance new lease and hire purchase portfolios as a part of SFS’s growth strategy and to support the rapid expansion of its branch network during the year 2011/12.The expansion of the branch network has already been initiated by opening of a branch at Aluthgama on 7July 2011 and in the process of opening another branch in Batticaloa during the month of July 2011. .........

SWARNAMAHAL FINANCIAL SERVICES PLC EXPANDS BUSINESS SOLUTIONS TO ALUTHGAMA

Thursday, 07 July 2011

Swarnamahal Financial Services PLC established its 16th Pawning Centre in the outskirts of Aluthgama on 07th July 2011.Dr Soma Edirisinghe, the Chairperson graced the occasion by ceremonially opening the business to the Public at No. 164, Galle Road Aluthgama. At the opening ceremony Dr. Soma Edirisinghe declared that SFS is enriched with ample financial solutions at present and is much obliged to serve the community of Aluthgama. The company has decided to provide advances at very attractive interest rates for Pawning and Gold Loan schemes in order to fulfill short term financial requirements of the public........

DR. SOMA EDIRISINGHE’S BIOGRAPHY TO PRESIDENT MAHINDA RAJAPAKSA

Tuesday, 05 July 2011

Chairperson Dr. Soma Edirisinghe presents her biography to President Mahinda Rajapaksa. Titled ‘Asirimath Jeewithayak’ authored by Dayawansha Karunamuni was launched at the Waters Edge on July 11, 2011. The first copy of the book was presented to First Lady Shiranthi Rajapaksa by Dr. Soma Edirisinghe at the launch......

SWARNAMAHAL FINANCIAL SERVICES - MULLS GOLD EXCHANGE TRADED

Thursday, 26 May 2011

Swarnamahal Financial Services Ltd., (SFS), linked to same name bearing trusted top jewellery retail brand, is planning to launch a Gold ETF (Exchange Traded Fund) fund, to provide the investing public with benefits of this ever in demand precious metal. SFS is a registered finance company in operation since 2005, and the idea of Gold ETF heralds the setting up of a Commodities Exchange in Sri Lanka. “Gold and jewellery are synonymous with the brand Swarnamahal. With our rich legacy, expertise and professional acumen coupled with the success so far, we are keen to pioneer a Gold ETF fund when the necessary legal framework as well as the Commodities Exchange is ready along with regulatory approvals,” SFS Director Nalaka Edirisinghe told the Daily FT......

SWARNAMAHAL FINANCIAL SERVICES - GLITTERING DEBUT OF SHARES

Friday, 27 May 2011

The Colombo Stock Exchange has approved an application submitted by the Swarnamahal Financial Services Ltd to list in the CSE. A CSE filing said approval was granted for listing 25000007 Ordinary voting shares of the company in the Diri Savi Board by way of an introduction. RAM Ratings Lanka has assigned respective long- and short-term financial institutions ratings of BB+ and NP to Swarnamahal Financial Services Ltd. The long-term rating has a stable outlook. ......

SWARNAMAHAL FINANCIAL SERVICES - INITIAL RATING 2011: BB+ (STABLE OUTLOOK)

Saturday, 12 February 2011

RAM Ratings Lanka has assigned respective long- and short-term financial institutions ratings of BB+ and NP to Swarnamahal Financial Services Ltd (“SFSL” or “the Company”); the long-term rating has a stable outlook. The ratings are premised on the strong credit quality of the Company’s loan portfolio and its healthy capitalisation. The ratings are also supported by SFSL’s wellknown name, primarily underscored by a related party, Swarnamahal Jewellers (Pvt) Ltd (“Swarnamahal Jewellers”). Nevertheless, the ratings are constrained by SFSL’s small size, as well as the Company’s short track records on profitability and improved corporate governance under its new management team.......

SWARNAMAHAL FINANCIAL SERVICES OPENS FOR BUSINESS IN VAVUNIYA

Wednesday, 12 January 2011

The newest branch of Swarnamahal Financial Services PLC was ceremonially declared open last week at No. 141, Kandy Road, Vavuniya by Directress Deepa Edirisinghe and Director of EAP Group of Companies Nalaka Edirisinghe. At the opening, Nalaka Edirisinghe declared that Swarnamahal Financial Services aimed to sustain the development of this area by identifying the much-needed financial solutions of the native community. “We offer utmost financial solutions for both individual and corporate customers by taking into account, how best they can be served, as a finance company and offer a full range of financial services namely, fixed deposits, saving accounts, pawning services, leasing and hire purchase. The key aspects of our services are friendliness, flexibility, trust and personalised services. ......

SWARNAMAHAL FINANCIAL SERVICES PROFITS RISE 10 TIMES, PLANNING TO LIST ON (CSE)

Saturday, 06 January 2011

Swarnamahal Financial Services (SFS) has seen its profits grow by 10 times in 2010 whilst the Company is also planning to list on the Colombo Stock Exchange (CSE). EAP Group of Companies Director Nalaka Edirisinghe said SFL in 2010 recorded a before tax net profit of Rs. 82.6 m up from Rs. 8.5 million in 2009. He further added that the gross income which was Rs.295 m in 2009 had increased by 58% to Rs. 466 million last year.SFS is also planning to do a 2,500,000 share transfer at Rs.20 each. "This transfer will enable the company to maintain the required public float of 10% from the stated capital in order to list the company on the Colombo Stock Exchange as per regulations stipulated by the Central Bank of Sri Lanka,” Edirisinghe said.......