MIRA INFORM REPORT

Report No. :	349818
Report Date :	18.11.2015

IDENTIFICATION DETAILS

Name :	PLYWOOD HOUSE (PVT) LTD.

Registered Office :	# 263, Colombo Road, Anguruwella, Kegalle

Country :	Sri Lanka

Date of Incorporation :	26.12.1995

Com. Reg. No.:	PV 3656

Legal Form :	Private Limited Liability Company

Line of Business :	Importer & Manufacture of Plywood and Timer.

No. of Employees :	Not Available

NOTES:

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ECGC Country Risk Classification List – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Sri Lanka

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SRI LANKA - ECONOMIC OVERVIEW

Sri Lanka continues to experience strong economic growth following the end of the government's 26-year conflict with the Liberation Tigers of Tamil Eelam. The government has been pursuing large-scale reconstruction and development projects in its efforts to spur growth in war-torn and disadvantaged areas, develop small and medium enterprises and increase agricultural productivity. The government's high debt payments and bloated civil service have contributed to historically high budget deficits, but fiscal consolidation efforts and strong GDP growth in recent years have helped bring down the government's fiscal deficit, but low tax revenues remain a concern. The 2008-09 global financial crisis and recession exposed Sri Lanka's economic vulnerabilities and nearly caused a balance of payments crisis. Agriculture slowed due to a drought and weak global demand affected exports and trade. In early 2012, Sri Lanka floated the rupee, resulting in a sharp depreciation, and took steps to curb imports. A large trade deficit remains a concern, but strong remittances from Sri Lankan workers abroad help offset the trade deficit. Government debt of about 80% of GDP remains among the highest in emerging markets.

Source : CIA

GENERAL

- Basic information at a glance

a.	Name of Subject of Inquiry	:	PLYWOOD HOUSE (PVT) LTD.
b.	Legal Form & Status	:	Private Limited Liability Company. (In Operation)
c.	Managing Director	:	R.S.P.H.W.K.M.S.Ajith Marapana
d.	Primary Line of Business	:	Importer & Manufacture of Plywood and Timer .
e.	Place of Business	:	# 263, Colombo Road, Anguruwella, Kegalle, Sri Lanka. Tel. No: (00 94 35) 222 3236 Fax No: (00 94 35) 222 3236 E-mail : plywoodhouse@sltnet.lk
f	No. of Employees	:	Not Disclosed

COMPANY DETAILS

- Registration and Shareholder Details

a.	Registration No	:	N (PVS )16470
	Date of Registration	:	26^th December 1995
b.	Registration No		PV 3656
	Date of Registration		06^th May 2008
c.	Registered Office	:	# 263, Colombo Road, Anguruwella, Kegalle.
d.	Board of Directors As At 14^th March 2013	:	P.W.K. M. R. Srijantha Ajith		Managing Director
			W.W.R.Upali Wajekoon		Director
e.	Issued Share Capital	:	Rs. 8,520,010.00
f.	Nominal Value of Share	:	Rs. 10.00
g.	Share Holders As At 14^th March 2013	:	Share Holders	No Of Shares Held
			M.R.S.P.H.W.M.R.Susantha	01
			W.W. Ralalage Upali	426,000
			M.R.S.P.H.W.M.R.S.Ajith	426,000
h.	Auditors	:	Ernst & Young
i.	Company Secretaries		E S Management ( Pvt) Ltd

Director’s Details

01)

Name	W.W.R.Upali Wajekoon
ID Number	563024062 V
Nationality	Sri Lankan
Gender	Male
Date of Birth	28^th October 1956
Age	57 Years

02)

Name	P.W.K. M. R. Srijantha Ajith
ID Number	571430452 V
Nationality	Sri Lankan
Gender	Male
Date of Birth	22^nd May 1957
Age	56 Years

FINANCIAL DETAILS

- Most recent available Financial Information

Based on the corporate laws of Sri Lanka, legal entities which are Private Company with Limited Liability is not required to make public disclosure of their annual financials. Therefore no financials are available for this entity

CURRENT INVESTIGATION

· History.

The Subject Company PLYWOOD HOUSE (PVT) LTD is a Private Limited Liability Company incorporated on 26^th December 1995 under the registration number N (PVS) 16470 and then the subject company was re-registered on 06^th May 2008 under the registration number PV 3656.

· Location.

The Subject Company is located at the client # 263, Colombo Road,

Anguruwella, Kegalle

· Operational Details.

General

The subject company primary line of business is Importer & Manufacture of Plywood and Timer

Products

Plywood and Timber

Countries

Malaysia, China

No of Employees

Not Disclosed

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.98
UK Pound	1	Rs.100.11
Euro	1	Rs.70.35

INFORMATION DETAILS

Report Prepared by :

NIT

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