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#141 , Kandy Road, Kurunegala, 60000, Sri Lanka
Telephone: +94 37 2223721-3
Fax: +94 37 2223562
Web www.isb.lk
E-mail: [email protected]
for Sustainable Tomorrow
Industrial Services Bureau
Annual Report 2011
mailto:[email protected]
ISB wishes to express its profound gratitude to
the North-Western Provincial Council, Konrad Adenauer Foundation of Germany
and the Board of Management of ISB
who have immensely contributed to the endeavors from its inception during past two decades.
ISB also continues to rely on their assistance in the years ahead in order to
fulfill its envisaged objectives.
Remembered with honour and special tribute is paid to late Mr. Y.B.Dissanayake
who was the Chief Secretary of NWP and Founder Chairman of ISB
for his yeoman services delivered towards the betterment of ISB.
for Sustainable Tomorrow
ACKNOWLEDGMENT
Being a financially independent organization while following a public sector regulations, it is not an easy task to survive in a competitive business environment with lot of external pressure with severe competition from similar organizations. I realize that the entire staff of ISB has been sacrifices a lot due to this situation and especially 2011 was a challenging year for them due to the recent structural changes imposed by the Provincial Council with the direction of Public Accounts Committee. However, with all these problems and issues, 2011 has been a successful
year which we could achieve most of our anticipated goals and objectives.
I am happy to state here that human resources of ISB is the most vital assets through which we could transform most of our dreams into a reality. Employees of ISB always tend to keep on updating their knowledge base in order to keep a balance and also to successfully overcome the challenges ahead of us in a highly competitive business
atmosphere.
The success that ISB so far managed to achieve is none other than good governance, transparency and the accountability always maintained which have always been accepted by the entire business community and
stakeholders.
My sincere gratitude is extended to the fellow members of the Board of Management of ISB, CEO and as well as the entire staff for their unstinted co-operation and support extended during the year 2011. The experience and
know how they have shared with us is of immense contribution to the success of the institution.
The guidance and support extended by the Chief Minister of the North-Western Provincial Council and fellow officials have been commendable and much valuable. Finally, special note of thanks and gratitude due to all our
clientele for their trust and confidence placed on us.
I wish ISB all success in their future endeavors.
Vijitha Bandara Ekenayake
Chief Secretary/Chairman - ISB
Chairman's Review
It is with great pleasure that I forward this message to the Annual Report of ISB for the year 2011. Being a new comer to the Provincial Council of NWP and Board of Management of ISB, it took some time for me to understand what ISB really does. What I understood is that ISB is a unique organization with diversified service portfolios blended with multi-disciplinary nature and high professionalism. This is
further strengthened by strong organizational culture.
However with the dedication and commitment of existing staff, ISB had been successfully faced the external pressure and various un-ethical competitions from their competitors. Even though there was a slight drop in certain specialized services offered by ISB, due to huge market undercutting and volatile situation prevailing in the organization ISB has been able to retain their strong market niches established over the years. Especially in 2011 our main strategy was to exist in the market place with existing services through the market penetration and it was
successful.
ISB has been recognized as one of the best Energy Services Companies (ESCO) in the country in 2011 by the Sustainable Energy Authority (SEA) of Sri Lanka. Similarly, new areas of services like Youth Workforce Development & Job Placement project, IFAD funded Micro Enterprise Development Hambanthota and CARE International funded Job market survey conducted in Kilinochchi and Mulaitivu Districts are some of the novel projects implemented by ISB with newly established clientele. While identifying the important need to provide theoretical & practical knowledge on enterprise management, Training division of ISB had started Entrepreneurship Development Diploma in 2011 aiming for SMEs and their second generation. Even with above mentioned difficulties and hardships, ISB has been able to earn LKR 62.95 Million in 2011 and secured LKR 5.98 Million as a remaining
component to ISB.
Therefore, I take this opportunity to express my sincere gratitude and honour to the political leadership of Wayamba who have led the province since 1990 by providing us with unbiased and impartial leadership in order to function as a fully pledged autonomous body independently. Chairman and Board of Management of ISB have extended their fullest support and cooperation to overcome all bottlenecks and barriers. ISB respect their contribution to overcome these barriers. Last but not the least, I pay my honour and gratitude to the entire team of ISB who made lot of
sacrifices to protect the existing clientele and to maintain the service standards of our beloved organization.
Neelakanth Wanninayake
Executive Director/CEO
Message of the Executive Director/ CEO
ISB has completed another challenging year of existence with lot of external pressure as similar to the previous years. Especially after winding up of three entities attached to the organization in last quarter of 2010, ISB had to face lot of difficulties for their survival. While challenging the structural changes imposed by the Board of Management with the direction given by the Public Account Committee of the Provincial Council, nearly thirty percent of their competent, experienced and senior staff members had left the organization. Similarly, another challenging task was to keep the talented young staff members at ISB due to low salary scales and other fringe benefits enjoyed by the similar organizations in the
private sector, NGOs and INGOs.
Vision, Mission, Goals & Core Values 1
Review of operations
Enterprise Development 5
Technical Services 13
Training Programmes Conducted 24
Annexure
Industries Operating in Industrial Parks 31
Staff Training 36
Board of Directors 38
Our Family 40
Financial Summary 44
Organization Structure 48
CONTENTS
Industrial Services Bureau (ISB) - Annual Report 2011 1 | page
Vision
To be the most recognized, efficient & effective industrial, business
development, project management, consultancy and professional service
provider in Sri Lanka, when we celebrate our 25th anniversary in 2015
Mission
Lending the confidence to our clients by offering value for their money through
highly diversified portfolio of Business Development, Investment Promotion,
Project Management, Consultancy services for entrepreneurs, local and
international projects, and to provide Skills development, and professional
development services for professionals and youth while persistently nurturing and
developing our human resource base.
Purpose
Creating and delivering valued services to our clients, sustainability
Industrial Services Bureau (ISB) - Annual Report 2011 2 | page
Our core values
Enterprising
We are brave and entrepreneurial in business
We embrace new opportunities
We are not scared to take a leap of faith
We go beyond best practice
We promote personal development and wellbeing
We celebrate successes and learn from our mistakes
We actively seek insights into the future
Professional
We believe good governance
We accept personal accountability to meet our clients needs
We act with integrity though ethics and principles
We deeply value trust
We have confidence in each others skills, capability and commitment
Open communication
We believe give and take policy
Our Principles
Enabling the success of our clients through the delivery of professional, efficient, and
effective services
To encourage learning, growth, leadership and wellbeing of our people
To strive to be the best in all areas of our business
Future focused through to be outward looking
Industrial Services Bureau (ISB) - Annual Report 2011 3 | page
Our core values cont..
Approachable
We are honest and transparent
We value all our relationships
We proactively seek new clients
We think outside the square
We consult openly and listen effectively
Enabling
We focus on solutions not problems
We dont believe in barriers
We build our people and our clients
We ensure we have the right people for the right job
Industrial Services Bureau (ISB) - Annual Report 2011 4 | page
Corporate Goals
To maintain high professional standards and work ethics in all endeavors of ISB.
Service orientation of all activities while attaining the financial sustainability
Increase the service reliability up to the extent which customers are satisfied and delighted
Enhance and continuous improvement of service quality of ISB
To become recognized as trendsetters in the BDS sector
Entering in to partnerships, joint ventures, strategic alliances and collaborations with national
and international agencies as their strong regional partner those who valuing our core values
Strengthen the enterprise support services and investment promotion package in Sri Lanka
To promote the application of modern methods of management, production and distribution in
order to enhance quality and improve productivity.
To carryout business skills training and educational activities and conduct, sponsor and finance
training programmes, conferences, seminars, workshops, study tours (local and abroad) and
other such programmes in order to dessiminate knowledge and information to our clients
To provide advice and guidance on the adoption, adaptation, and innovation of technology
appropriate to the condition of situation.
To enhance and continuous improvement of knowledge base and international exposure of
ISB staff to face the unbearable competition created by other competitors.
To establish the better living standards for each staff members of ISB through strengthening
their financial capability.
E nterprise Development and Project Management
Industrial Services Bureau (ISB) - Annual Report 2011 6 | page
Y outh Workforce Development and Job Placement Programme in Hambantota It is well known fact that the unemployment
in the youth community is high (unemployment of the age group of 15 24 years is recorded as 21.3% in year 2009) and becomes a social issue in Sri Lanka. Hambantota district has the highest unemployment rate. Any program which supports youth employment becomes sustainable poverty reduction support for the community
It could be seen that the unemployment in the poorest DS divisions is very high though the mean unemployment in particular district is comparatively low. Sooriyawewa, Tissamaharama, Lunugamwehera, are some of the poorest divisions in Hambantota district where the project focused on. Poor school education system, poor access to vocational education and nature of non self motivation are attributes of the exclusion communities in such divisions.
Being one of the leading service providers in vocational training and skills development, and experience gain through implementing the You workforce development and Job placement project in Wayamba, ISB has found that there is a huge gap between the supply and demand in various aspects. To address these issues ISB has developed a program to
enhance skills and knowledge of the job seekers to meet the requirements of the job market by conducting career guidance programs and job oriented vocational training programs.
With the success of the Youth Workforce Development & Job Placement prpogramme conducted in Wayamba in 2010, ISB was invited by the Ruhunu Wellassa Federation under the financial assistance of Christian Child Funded (CCF) to implement the same programme in the Hambanthota district. After conducting the training program all trainees were directed and linked with the private sector organization established in Hambantota, Matara and Tangalle. During the project period of six months of its operation at Hambantota district ISB has been able to train and placed 300 youths in private sector job market.
To further expand this service to the national and international arena, ISB has signed a Memorandum of Understanding (MOU), with Job Street the private sector HR solution Provider operating worldwide. As per the agreement signed between Job Street and ISB, possibility to establish opportunities among job seekers in the national and international job market.
Industrial Services Bureau (ISB) - Annual Report 2011 7 | page
D ry Zone Livelihood Support and Partnership Program The Dry Zone Livelihood support and Partnership Program (DZLiSPP) funded by the International Fund for Agricultural Development (IFAD) is working in the dry zone areas of Kurunegala district. The general objective of the program is to achieve sustainable increase in income and improved living standards of poor house holds in the program area (Kurunegala district). Industrial Services Bureau acts in order to fulfill the aim of the DZLiSPP; to achieve sustainable increase in incomes and improved living standards of the people involved in micro-enterprises
development program. Specific Objective is to establish 175 agro-based micro enterprises with individual entrepreneurs/groups of entrepreneurs selected from Grama Niladari (GN) divisions in Kotawehera, Rasnayakepura and Ambanpola Divisional Secretariat (DS) divisions and establish 210 agro-based micro enterprises with individual entrepreneurs/groups of entrepreneurs selected from Grama Niladari (GN) divisions in Polpithigama DS division, Kurunegala district within project period.
E x-post Evaluation on Project for Improvement of National Blood Transfusion Services in Sri Lanka with Overseas Project Management Consultants
(OPMAC)
Since year 2000 onwards ISB has been working as the local Consultant for many leading Japanese Consultancy firms for Ex-post evaluations on JICA/JBIC funded Japanese ODA loan projects in Sri Lanka. This time too ISB had invited by the Overseas Project Management Consultant (OPMAC) to assist them in conducting Ex-post evaluation for JICA funded Project for Improvement of National Blood Transfusion Services in Sri Lanka. The purpose of the project was to develop the foundation of a comprehensive blood supply network with
equipment and machinery and training personnel.
Our task was to work as the local Consultant (evaluation assistance) for Ex-post evaluation for OPMAC while conducting beneficiary survey, interview surveys with selected Blood Banks, conducting key stakeholder meetings and key informant interviews, surveys and data analysis and preparation of reports.
Industrial Services Bureau (ISB) - Annual Report 2011 8 | page
F ive Year Development Plan for the Coir Industry in southern Province OXFAM GB together with the Provincial Ministry of Sports & Youth Affairs, Rural Industries, Rural Development, Tourism, Economic Enhancement, Social Welfare, Probation & Childcare, Womens Affairs, Housing & Construction and Manpower & Employment (the Ministry) and steering committee of the coir industry in Southern Province (SP) initiated the preparation of a five year development plan for the coir industry in SP. The following objectives were behind the preparation of five year development plan of SP.
The overall objective of the assignment was the development of the coir industry in SP as a profitable industrial venture and to contribute to the socio economic growth of the Province. A). To create an enabling environment for the coir industry which attracts public and private investments. B). To increase the value added production aiming the demand in domestic & export markets. C) To facilitate Research and Development (R & D) in product innovations, & technological advancements D). To provide better living standards for small-scale producers especially the 80 percent of the rural women who have engaged in the industry.
The task was entrusted to the ISB, which has an ample amount of experience in the coir sector development activities in NWP and exposure in similar activities carried out in SP. ISB adopted a Value Chain Development (VCD) approach to formulate the coir sector development five year plan for SP. The methodology proposed by ISB to
formulate the five year plan was consisted of three stages viz; Analysis phase, Strategic Development phase and Action planning phase.
The overall objective of the five year plan is to develop the coir industry in SP as a profitable industrial venture and to contribute to the socio economic growth of the Province. To achieve this overall objective, the five year plan will lead to introduce new set of provincial level policies, strategies, regulations and development interventions which will address each level of the value chain.
We worked with all stakeholders in the industry and developed a comprehensive development plan. The following specific interventions were made during the service.
Designing the study
Conducting the industry reviews
Development of goals & targets for the industry
Development of action plans
Industrial Services Bureau (ISB) - Annual Report 2011 9 | page
J ob Market Study in Killinochchi and Mullativu Districts CARE has shown their interest in development of vocational skills of unemployed youth in Killinochchi and Mullativu districts aiming better employments for them and thereby a better living standards and to improve quality of life for their families. It is obvious that the job market is dynamic and requires specific task oriented people. Therefore this study was conducted to understand the prevailing job market requirements in particular to the Northern Province of Sri Lanka to design future youth skill development programs for unemployed youth in the region. The survey was carried out by ISB in collaboration with CARE.
The major objective of the study was to identify types of vocational skills (occupations) required by the job market particularly in Killinochchi and Mullativu districts of Northern Province. It was defined that the private sector, public sector and Non Governmental Organizational (NGO) sector as the total job market. However the priority of the study was emphasize to the private sector job market which accounts for a large share of the total
job market. Mainly the primary data have been used to derive the results of the study and draw the conclusions. In addition the secondary data have supported the conclusions and recommendations of the study. A questionnaire survey and key informant interviews were conducted to collect primary data from employers and vocational service providers.
The study reveals certain important characteristics of the job market in the region precisely sector wise and scale wise distribution of the employers, job market demand by occupations, types of vocational skills required by the job market, avenues of the job market for the unemployed women and future developments in the job market.
CARE has entrusted the task and the entire assignment were handled by the ISB, while designing the survey, conducting enumerator training, monitoring the data collection, data tabulation & analysis and final study report preparation.
Industrial Services Bureau (ISB) - Annual Report 2011 10 | page
M icro Enterprise Development Project Hambantota District Micro Enterprise Development (MED) Program has been designed by Ministry of Fisheries and Aquatic Resources Development as a Tsunami relief intervention. The program aims to assist fisheries communities who became victims of the Tsunami disaster and lost their livelihoods or enterprises as its impact. Hambantota district comes under the program and the Programme Management Unit (PMU) entrusted ISB as the Service Provider to implement MED program in Hambantota district in collaboration with District Programme Management Unit. Development of 300 micro enterprises at the end of the program period remains as the core objective of the MED program in Hambantota district.
In order to achieve the project objectives there were major interventions made, namely disbursement of credits through participatory credit institutes, improvement of the business management capacity of the target beneficiaries, improvement of the production processes of the enterprises and establishment of market linkages with the commercial partners are considered as the major project components. At the end of year 2011 more than 200 enterprises had received credit facilities where as the management capacity building and production technology improvements reached to 230 and 60 beneficiaries respectively. This project will continue until at the end of year 2012 with market and technical support services.
Industrial Services Bureau (ISB) - Annual Report 2011 11 | page
P romotion of Dairy Processing Activities in Wayamba Current milk production in Sri Lanka is around 253 Million Liters per Annum and the sector grew by 2.3 percent in 2011. Ministry of Livestock and Rural Economy in their Livestock Development Master Plan is planned to increase the production by 50% and thereby to reach the self sufficiency in Sri Lanka. Therefore, Promotion of local dairy industry has been identified as one of the trust areas of the government development agenda. The government implements no. of schemes to increase the fresh milk production locally as an alternative to the huge expense being made to import powder milk to the country. However the expected level of development in the local dairy industry has not been realized yet though there are some positive signs of booming in fresh milk production.
As a development facilitator, ISB was enthusiastic to extend its contribution in order to promote the dairy processing activities in Wayamba province to support the national dairy development master plan. The intervention was supported by the Provincial Specific Development Grant program and implemented under the supervision of Chief Ministry of Wayamba Province.
The theme of the project was compiled to promote dairy processing activities (value added production) at dairy farmer association level, introducing medium scale processing plants and machineries. Kotawehera, Nikaweratiya and Rasnayakapura divisional secretary divisions were selected as the project area where there is a good potential for dairy development. The initial stage of the program focused on establishment of small scale dairy processing plant at Kotawehera having 600 ltr processing capacity per day. The plant holds facilities to produce yogurt, curd and milk toffee and outlet for retailing. All the standard facilities such as milk testing, pasteurization, filling and packaging, cold storages are incorporated in the plant.
The management of the processing plant is being done by a farmer association and ISB collaboratively. The project has extended benefits over 100 dairy farmers and created around 10 new employment opportunities. The plant reaches its full capacity gradually creating more benefits for the dairy farming community. The project has made over Rs 3.0 mn investment on this processing plant in the first year.
Industrial Services Bureau (ISB) - Annual Report 2011 12 | page
P reparation of Project reports Preparation of Project reports and feasibility studies are one of the main services provided by ISB since its inception. With the credibility established with the Banks, and other Financial Institutions ISB has entrusted to prepare number of project reports in 2010. Analyzing the viability of the projects, to maintain the
credibility and trustworthiness with the Banks, time constraints while attending the other activities ISB have been able to prepare only 11 project reports and the details are given below.
1 Expansion of Coir Milling Project at Waduwana S.D.A.L. Yasarathna 1.0 mn
2 Expansion and Advancement of the Manufacturing Process of Darshana Engineers (Pvt) Ltd.
Darshana Engineers (Pvt) Ltd.
84.0 mn
3 Hela Minerals A New Metal Crushing Project
Mr. B A G S Balachandra
12.0 mn
4 Starting Coir Bale Production Project at Udubaddawa H.N.M.S. Sisira Kumara 4.5 mn
5 Hotel project Mr. E M L B Ekanayake 12.0 mn
6 Expansion of Rice Milling Project at Bamunakotuwa D.M.R. Dissanayake 7.0 mn
7 Expansion of Rice Milling Project at Jayalanda
A.W. Ananda Pradeep Witanage
9.0 mn
8 Expansion of Wholesale & Retail Distribution of Western Pharmaceuticals
R.A. Chaminda Udayakumara
5.0 mn
9 Establishment of Hotel Royal Queen
W.A. Lalitha Weerasinghe
15.0 mn
10 Initiation of New Manufacturing Process of DECSRI Enterprises (Pvt) Ltd.
DECSRI Enterprises (Pvt) Ltd.
48.5 mn
11 Expansion of Production Capacity of Mallika Rice Mill at Matikumbura
S. Sanjeewa Gunathilaka
16.5 mn
T echnical Services
Industrial Services Bureau (ISB) - Annual Report 2011 14 | page
S WITCH Asia project - EU Comments SWITCH-Asia for its SUCCESS The SWITCH Asia programme for Small and Medium Enterprises (SMEs) in Food and Beverages sector was commended by an expert panel at its bi-annual evaluation held in latter part of 2011. The expert evaluation panel comprised of Ms. Harshini Halangode, Project Manager, European Union, Mr. Gamini Senanayake, Chairman, Gamini Senanayake Associates Pvt. Ltd. and Mr. Sena Peiris, Director, National Cleaner Production Centre and members from the other partner organisations.
Commenting on the programme and its achievements Ms. Halangode said, during the past three years we have noticed a tremendous
improvement in resource conservation by the SMEs within the programme. The progress achieved by these SMEs will indeed encourage similar organizations to follow in their footsteps and we look forward to see how other SMEs adopt similar practices.
The SMEs that are part of the programme have received the ISO22000:2005 certification. They follow Sustainable Consumption and Production practices (SCPs) and have achieved considerable progress in resource conservation.
ISB ASSISTING SMES ON SITE
Industrial Services Bureau (ISB) - Annual Report 2011 15 | page
ISB focusing on the Energy Stream of the programme was able to help SMEs to get aware on the low cost energy conservation mechanisms to adopt in their premises. Addition to offsite energy management training sessions, ISB has assisted onsite energy assessments along with latest energy measuring devices for more than 200 SMEs to identify key options to enhance their energy efficiency. With this ISB was able to condense their energy consumption by 13% and a significant 11% drop in CO2 emissions. Apart from energy, the project team was able to reduce 15% in waste water and 8% reduction in material.
SWITCH Asia is a global consultancy programme to enhance the environmental performance of businesses. The programme on Small and Medium Enterprises of the Food and Beverage Sector in Sri Lanka is sponsored by the European Union and implemented by the Ceylon Chamber of Commerce.
Distant to ISB, the Confederation of Indian Industry (CII), IVAM, The Netherlands, Industrial Technology Institute and Industrial Development Board (IDB) are partners of this SWITCH Asia programme on SCP for Food and Beverage Industry.
Progress summary of SWITCH Asia F & B as at December 2011
SMEs obtaining training on SCP (Target -500) 430
SMEs obtaining training on International food safety standards (Target -143) 143
SMEs adopting best practices of SCP (Target -75) 24
SMEs comply with food safety / certification (Target -22) 15
OFF SITE TRAINING SESSION ON ENERGY MANAGEMENT
(KURUNEGALA)
Industrial Services Bureau (ISB) - Annual Report 2011 16 | page
I ndustrial Services Bureau recognized as one of the best energy services companies in 2011 Sri Lanka is one of the highest paying countries for energy in the south Asian region. Hence, to conserve energy is a timely requirement.
Vidulka energy exhibition, organized by the Sri Lanka Sustainable Energy Authority was held from 11th to 14th August 2011 at Bandaranayake Memorial International Conference Hall (BMICH). This exhibition was focused on the sustainable low cost solutions for the energy crises, which the country is currently facing. Students, general public and the business community were able to grab the knowledge on energy conservation technologies and practices.
Sri Lanka national energy efficiency award ceremony was held in parallel to the exhibition,
under the patronage of Prime Minister of democratic socialist republic of Sri Lanka Hon. D M Jayarathne with the participation of leading Cabinet Ministers. During the award ceremony, ISB has been awarded as one of the best energy services providers in the country. This is a great honor for both the dwellers of the North-Western province and the public sector as Industrial Services Bureau has been a statutory body under the North-Western provincial council for more than 20 years. Further, ISB is the only public sector organization that won a merit award in this ceremony.
Industrial Services Bureau (ISB) - Annual Report 2011 17 | page
Following is a summary of energy services which were considered in wining this glamorous award
in year 2011.
W alkthrough energy audits
Industrial Services Bureau (ISB) - Annual Report 2011 18 | page
C omprehensive energy audits
As an energy services Provider, Industrial
Services Bureau mainly offers following services
in order to provide solutions for the present
energy crisis in Sri Lanka.
Energy auditing and retrofitting
Boiler installation and services
Consultancy on mini and micro hydro power
plants
Solar and wind power plants
Industrial Services Bureau (ISB) - Annual Report 2011 19 | page
L aboratory Unit Laboratory analysis mainly carried out for
drinking water & Wastewater quality
parameters for industrial sector. Garments,
Hotels, Vehicle service centers, Rice mills, DC
mills and various other industries were
benefitted through this service.
E nvironmental Measurements ISB is the one and only environmental service
provider operating outside Colombo providing
services especially in air quality, noise level,
stack emission carried out for Industrial sector
requirements.
Following list of clients were received the services from ISB Environmental services
in 2011
1 M/s Isuru Mortors, Kegalle 2 M/s MAS Active (Pvt) Ltd, Embilipitiya 3 M/s MAS Active (Pvt) Ltd, Mawathagama 4 M/s Brandix Casualwear Ltd - Polonnaruwa 5 M/s Brandix Casualwear Ltd - Girithale 6 M/s Tokyo Cement Company Lanka PLC 7 M/s Strechline (Pvt) Ltd - Biyagama 8 M/s Orit Apparel Lanka (Pvt) Ltd, Naula 9 M/s ICC Road Project- Welimada 10 M/s MAS Active- Katunayaka 11 M/s Sri Ramco Lanka (Pvt) Ltd - Malkandura 12 M/s Orit Apparel Lanka (Pvt) Ltd- Dummalasooriya 13 M/s Orit Apparel Lanka (Pvt) Ltd, Avissawella 14 M/s MAS Active - Mihinthale 15 M/s MAS Active - Nittambuwa 16 M/s MAS Active - Mahiyanganaya 17 M/s Araliya Metal Crusher, Raththota 18 M/s Speed Lanka Metal Crusher 19 M/s Dissanayake Metal Crusher, Matale 20 M/s Sathurta Builders, Kurunegala 21 M/s Orit Apparel Lanka (Pvt) Ltd, Ayagama
Industrial Services Bureau (ISB) - Annual Report 2011 20 | page
B oiler water treatment service Similar to the environmental services, Boiler water treatment service has been provided wide range of industries, i.e. Garment Industry, Tea Industry, Hotels, Desiccated Industry and Food Processing throughout the Island. Boiler water
analyzing, chemical supplying and providing consultancy assistance to industrial sector are the main activities provided under this service category.
List of clients served in year 2011.
No Name & Address of the factory Capacity of Boiler
(Kg/hr)
Tea Factories
1 M/s Kahawaththa Plantation - Pelmadulla Estate, Kahawaththa Hot water
2 M/s Kahawaththa Plantation - Endana Estate, Kahawaththa Hot water
3 M/s Dunsinane Tea Factory, Pudalu Oya (Elpitiya Plantation) Hot water
4 M/s Furnlands Tea Factory, Pudalu Oya (Elpitiya Plantation) 3000
Garment Factories
5 M/s Candy Garment (PVT) Ltd, Negambo Road, Kurunegala 500
6 M/s Nawarath Garment (PVT) Ltd, Heraliyawala Industrial Park,
Kurunegala 200
Industrial Services Bureau (ISB) - Annual Report 2011 21 | page
7 M/s J.K. Garments (PVT) Ltd, Madagalla Road, Ibbagamuwa 500 & 300 - 2 units
8 M/s CKT (PVT) Ltd, New Town, Madampe 300
9 M/s Brandix Casual Wear- Girithale 200
10 M/s Brandix Casual Wear- Polonnaruwa 500
11 M/s Unilak Fashion (Pvt) Ltd , Anguruwella Road, Warakapola 2500 2 units
12 M/s MSA Apparel (Pvt) Ltd , Liyanagemulla, Seeduwa 300
13 M/s MAS Active (Pvt) Ltd, Mihinthale 500
14 M/s Compass International (Pvt) Ltd, Hindogama, Anuradhapura 500
Washing Plants
15 M/s Prasara Washing Plant, Kuliyapitiya Road, Naththandiya 3000 2 units
16 M/s Prasara Washing Plant, Dankotuwa 3500
Hotels
17 M/s Hotel Club Palm Bay, Thoduwawa, Marawila 500
DC Mills
18 M/s Upali DC Mills, Chilaw Road, Marawila 5000
19 M/s Modern Food Factory, Wariyapola 3000
Food Processing factories
20 M/s Forecone Canaries, Temple Road, Beruwala 2000
21 M/s Chello Dairy Products, Malwaththa, Godakawela 500
22 M/s Nalco Food Produccts, Godakawela 500
Carbon Industry
23 M/s Carbon Products Lanka (Pvt) Ltd, Dunkannawa, Naththandiya 3500
Industrial Services Bureau (ISB) - Annual Report 2011 22 | page
T echnical Reports ISB has been working as one of the leading
accredited services organizations in the regions
for providing technical reports to the Central
Environmental Authority in various aspects.
Pollution control and mitigation measures were
the leading services provided by ISB with the
request of the industrialists established in
various parts of the country.
1 M/s Sumudu Auto Service, Hemmathagama
2 M/s Ajith Saw mill, Galenbindunuwewa
3 M/s Metal crusher, Anuradhapura 4 M/s Araliya Metal crusher, Matale 5 M/s Galewela Metal crusher, Galewela 6 M/s J Lanka Metal Crusher, Galewela 7 M/s Katugasthota Wood Factory, Katugasthota 8 M/s Ruwanwella Metal Crusher, Ruwanwella 9 M/s Gamlath Stores 10 M/s Kandy Metal Crusher, Matale 11 M/s Peradeniya metal crusher, Peradeniya 12 M/s Central Engineering Consultancy Bureau (CECB) Nawalapitiya 13 M/s Success metal crusher, Anuradhapura 14 M/s Quartz factory, Galaha
Following list depict the services obtained by different clients
Industrial Services Bureau (ISB) - Annual Report 2011 23 | page
M achinery Valuation & Evaluation ISB has now being widely recognized as one of
the leading organizations for Machinery
valuation and evaluation in Sri Lanka. More than
a decade ISB has been working with Sampath
Bank, Commercial Bank, Bank of Ceylon and
NDB Bank as the registered valuer for the
Machinery and equipment valuation in obtaining
Bank loans for their clients. During the year 2011
ISB has been actively involved in machinery
valuation and provided their services to more
than 18 industrial establishments.
Following list depict the services obtained from ISB in Machinery Valuation & Evaluation
M/s Cool & Cool Asia (Pvt) Ltd Radawana
M/s JSM Engineering Pannala
M/s Piyestra Furniture (Pvt) Ltd Dambadeniya
M/s Ramudi Rice Mills Medirigiriya
M/s M & L Industries (Pvt) Ltd Ragama
M/s DMW Rice Mills Polonnaruwa
M/s Sewagama Rice Mills Polonnaruwa
M/s Sandagiri TSR Dompe
M/s Trade Link International (Pvt) Ltd Kundasale
M/s Diana Trading (Pvt) Ltd Mathale
M/s Rajarata Lanka (Pvt) Ltd Mathale
M/s Dasini Rice Mills Nikaweratiya
M/s Mithara Embroidary (Pvt) Ltd Nittambuwa
M/s Darshana Gal Ketayam Miriswatte
Other Valuations
M/s Polymer Products Panadura
M/s Jay Sea Food Products (Pvt) Ltd Pallekelle
M/s Hela Clothing (Pvt) Ltd Kaduwela
M/s BAM Holdings Ltd Homagama
M/s Green Scape Coir Export (Pvt) Ltd Homagama
T raining programmes
Industrial Services Bureau (ISB) - Annual Report 2011 25 | page
E NTREPRENEURSHIP DEVELOPMENT DIPLOMA (EDD) FOR SMALL AND MEDIUM ENTREPRENEURS (SMEs)
ISB has started Entrepreneurship Development Diploma (EDD) program in 2011 for the benefit of Small & Medium Scale entrepreneurs and their second generation, for the first time in Sri Lanka. The medium of instruction will be in Sinhala and the programme was conducted at the Konrad Adenauer Auditorium, ISB, Kurunegala during the week ends.
This is a pioneering effort in this nature and the participants consist of different industry sectors and different areas in the country. The program provides theoretical & practical knowledge on business management special emphasis given to
SME management.
The main objective of the program was to provide the practical management skills to run Small and Medium Enterprises effectively and efficiently. The programme has designed to run through a period of full calendar year and the method of delivery consisting of lectures, assignments, group discussions, presentations, industry visits etc. The following subject areas have been covered during the programme period.
Business management
Marketing management
Human resource management
Operational management
Financial management
Strategic management
Entrepreneurship management
Organizational behavior
Business communication
Business law
Professional skills for managers
Business exposure visits
Industrial Services Bureau (ISB) - Annual Report 2011 26 | page
I T FOR EVERYONE Information Technology (IT) has become one of
the most important aspects and functions of our
day today life at present. It is important for our
studies, job related activities etc. While
understanding its importance and the need, ISB
had organized and conducted special training
programs for students, high ranking officials in
private and public sector, school leavers and
officials in different organizations.
Following special programs were conducted by
ISB for the benefit of different target groups.
Microsoft Office
AutoCAD & Engineering Drawing
JAVA
C++
Graphic Designing
Each program is conducted by qualified
instructors/ engineers/ lecturers. Special
discounts are given for university selected
students.
Industrial Services Bureau (ISB) - Annual Report 2011 27 | page
I PM Human Resources Management programmes ISB has now being recognized as the best regional partner for IPM for conducting Human Resource Management Programmes in Sri Lanka. The programme has a huge demand due to its recognition and as it opens many opportunities nationally as well as internationally. Once ISB started the programme in Kurunegala, especially the students do not need to travel from Kurunegala to Colombo and wasting their valuable time for travelling.
During the year 2011, three Certificate programmes have been conducted and over 140 personnel working in the private sector and university undergraduates have been completed the course and obtained Certificate in Human Resources Management.
The above programmes is highly recognized and pave the way to secure employment in mercantile as well as the state sector upon successful completion. To create more
opportunities for other potential candidates to qualify for the CCHRM programme, Foundation course on Human resource Management (FCHRM) was conducted and over twenty participants have been completed the programme. successfully
When ISB signed the MOU with IPM, our main intention was to conduct the Professional Qualification programmes for the benefit of needy community in Kurunegala and other suburbs. Within a very short period of time ISB has been able to commence the one year Professional Qualification in Human resource Management programme in July 2011 with 33 participants who have successfully completed the CCHRM programme conducted in Kurunegala.
Industrial Services Bureau (ISB) - Annual Report 2011 28 | page
I BSL programmes After obtaining the accreditation from the
Institute of Bankers of Sri Lanka (IBSL) in 2010 to
work as the regional partner for conducting the
banking programmes at ISB, Kurunegala the first
Certificate Course in Banking and Finance (CBF)
was conducted in Sinhala medium with the
participation of fifteen participants representing
from the banking and potential new entrants for
the Banking and finance sector. Out of which 45
participants sent for the exams and 38 were
successful at the examinations.
B usiness Planning programme for Department of Corporative Development
As per the request made by the Department of
Corporative Development, Business plan
preparation training programme was conducted
to improve the theoretical and practical
knowledge on business plan preparation & to
develop the skills of evaluating business plans
prepared by the Corporative establishments of
North Western Province. Forty Cooperative
Development Officers have been benefitted
through this programme and they have been
able to obtain knowledge on tools used in
Business Plan preparation and evaluation.
A wareness programme on SWITCH Asia Project
With the request of the Implementing Agency of
the SWITCH Asia project the Ceylon Chamber of
Commerce (CCC), ISB has organized an
awareness programme on SWITCH Asia project
for the benefit of SMEs Food and Beverage
industry.
P rogrammes aiming for improvement of SME competitiveness
With the trust and confidence placed on us, the
National Chamber of Commerce Sri Lanka
(NCCSL) has entrusted ISB to conduct short
programmes on Human Resource Management,
Production Management, Labour law and
Productivity improvement programmes for the
benefit of MSMEs in Chilaw, Kurunegala and
Anuradhapura regions. The above programmes
were conducted with the support and
cooperation from the regional chambers
operating in these areas and over 100 MSMEs
have been benefitted through programmes.
Industrial Services Bureau (ISB) - Annual Report 2011 29 | page
A wareness programme on Finance and Capital markets
With the close relationship developed over
couple of decades while working in different
assignments and projects, the Commercial Banks
has requested ISB to organize an awareness
programme to introduce and promote Treasury
Bills and Bonds among the leading Business
Community in Kurunegala. The main objective
of this programme was to attract Business
Community in Kurunegala for worthwhile
investments in Finance and Capital markets and
to make them aware in the current market
trends. Over 100 leading Business community in
Kurunegala, Professionals, Industrilalists have
been attended and nearly thirty percent of them
started to invest in Financial and Capital
markets.
C areer Guidance for school leavers It is an established fact that career guidance is vital for the school leavers those who are unable to enter in to the universities for higher education. Having clearly understood this fact ISB has been engaged in this activity since 2010 onwards as one of their CSR activity being a responsible organization for socio economic development in NWP.
In order to satisfy the above requirement, a Career guidance programmes was conducted to choose a career path for students who sat for the GEC A/L exam in 2011. Over 200 students from various schools in Kurunegala including the leading schools have been participated for the programme. Institute of Personnel Management, Institute of Bankers of Sri Lanka, ICTAD and Skills for Life educational institutes ware made presentation on how to select their career path after the A/L examination.
A nnexure Annex 1 Industries Operating in Industrial Parks
Annex 2 Staff Training
Annex 3 Board of Directors
Annex 4 Our Family
Annex 5 Corporate Information
Annex 6 Financial Summary
Annex 7 Organization Structure
I ndustries Operating in Industrial Parks
Industrial Services Bureau (ISB) - Annual Report 2011 32 | page
HERALIYAWALA INDUSTRIAL PARK PHASE I
No Company name & Contact person Year of commencement
Investment (Rs.)
Employment Project
01 Mr.Ajith Karunarathne,
Managing Director
Sumith Tyre Centre (Pvt) Ltd
1997 30 Million 100 Tyre Rebuilding
02 Mr. Chaminda , Factory Manager
Richard Pieris Tyre Co. Ltd.
1992 100 Million 150 Tyre Rebuilding
03 Mr.J.V.Bandula Gunawardane, Managing Director
Thisara Coir Industries
2008 05 Million 10 Coir Products
04 Mr. Rohana Dharmasiri, Director
Nimro Paint Industries (Pvt) Ltd.
2008 10 Million 25 Paint Industry
05 Mr.Palitha Seevali Weerakoon, Managing Director
Tradex Products
1995 25 Million 30 Detergent manufacturing
06 Mr. Ariyananda Dobagahawatta
Royal Coir Industries
2003 04 Million 15 Coir Products
07 Mr.A.M.C.S. Abewickrama Wayamba Ceramics (Pvt) Ltd.
1993 06 Million 20 Ornamental Ceramic
08 Mr.D.A.N.Ranjith,
Managing Director
D S R Tyre Co. Ltd.
1996 07 Million 05 Tyre Rebuilding
09 Mr.Gamini Samarasinghe, Managing Director
Hilltop (Pvt) Ltd.
2003 35 Million 25 Coir Twine
10 Mr.Gamini Sellahewa, Executive Director
Tropical Health Food (Pvt) Ltd.
1994 35 Million 150 Fruit Processing
11 Mr.H.Wijesinghe, Proprietor Thushara Engineering
1995 02 Million 05 Plastic Products
12 Mr.Jayampathi Wijesooriya, Managing Director
Daj Engineering Services
1996 03 Million 04 Electric item repair
13 Mr.T. M. R.B. Tennakoon, Director
Nawarath Garment Industries (Pvt) Ltd.
2001 110 Million 380 Garments
14 Mr. Chaminda Herath,
Managing Director
Eco Green International (Pvt) Ltd.
2000 04 Million 15 Coir Products
15 Mr. Y. C. Jayananda,
Managing Director
Condor Security Service
1993 02 Million 02 Fire Protection
16 Mr. S. M. A. G. Perera,
Managing Director
Polypackaging Industries (Pvt) Ltd.
2001 40 Million 25 Polythene Recycling
17 Mr. H. Waduragala,
Managing Director
Seylin Export (Pvt) Ltd.
2003 12 Million 20 Textile
Industrial Services Bureau (ISB) - Annual Report 2011 33 | page
No Company name & Contact person Year of commencement
Investment (Rs.)
Employment Project
18 Mr.M. P. Nalaka Hewapathirana
Ranmini Industries
2001 04 Million 03 Iron Works
19 Mr.Melcam Perera
Frends Iron Works
1993 04 Million 15 Iron Works
20 Mr.M. Pandian , New Kings Ice Cream
1999 03 Million 10 Ice Cream
21 Mr.T. M. Rashik, Managing Director
Asian Plastic (Pvt) Ltd.
1994 25 Million 15 Plastic Products
22 Mr. Upali Samarakoon Minsalu Garment (R / NO.02)
1999 05Million 03 Garments
23 Mr. Aroshan Wickramanayake, Managing Director
Hydroponiia Del Coco Lanka
2009 05 Million 20 Coir Products
24 Mr. Aroshan Wickramanayake, Managing Director
Roots Breath Lanka
2009 15 Million 40 Coir Products
25 Mr.Niroshan
Sanikta Foot Ware (R / NO.04,05 )
2009 03 Million 25 Foot Wear
26 Mr.Rathnayake, Proprietor
Janana Enterprise (R /NO.03 )
2010 05 Million 03 Photo Album
27 Mr. Ikram
Triyo Plastic (Pvt) Ltd.
2010 15 Million 15 Plastic
28 Mr. R A L I Rathnayake
Janana Enterprise (R no.03 )
2010 1 Million 05 Photo Frame
Total 515 Million 1135
Industrial Services Bureau (ISB) - Annual Report 2011 34 | page
HERALIYAWALA INDUSTRIAL PARK PHASE II
No Company name & Contact person Year of commencement
Investment (Rs.)
Employment Project
1. Mr. Mohan Sanjaya, Managing Director
Harasara Industries (Pvt) Ltd.
2008 12 Million 30 Steel Furniture
2. Mr. Raja Karunathilaka
G S Enterprise (Pvt) Ltd.
2009 25 Million 50 Tyre Rebuilding
3. Mr. Chandrasoma Proprietor
New Gold Enterprises
2010 04 Million 15 Electro Plating
4. Mr. Anurudda - Director
Opelco Interfurn (Pvt) ltd.
2010 05 Million 25 Office furniture
5. Mr. Jayasundara Cold Beverages
2010 05 Million 15 Water Bottling / Fruit Juice
6. Mr. Mohan Sanjaya, Managing Director
Harasara Industries (Pvt) Ltd.
2008 12 Million 30 Steel Furniture
7. Mr. Raja Karunathilaka
G S Enterprise (Pvt) Ltd.
2009 25 Million 50 Tyre Rebuilding
8. Mr. Chandrasoma Proprietor
New Gold Enterprises
2010 04 Million 15 Electro Plating
9. Mr. Anurudda - Director
Opelco Interfurn (Pvt) ltd.
2010 05 Million 25 Office furniture
10. Mr. Jayasundara Cald Beverages
2010 05 Million 15 Water Bottling / Fruit Juice
11. Mr.Thushara Kudakumbura - Director
Trump coir products (Pvt) ltd.
2011 08 Million 25 Coir Products
12. Mr. Ganga Ekanayake Partner M/s S.G.R. Precured (pvt) Ltd.
2011 09 Million 25 Tyre Rebuilding
13. Mr. Gamunu Mangala Weerawardena Managing Director M/s Euro Cosmetics (pvt) Ltd.
2011 17.5 Million 25 Cosmetics
Total 131.5Million 345
Industrial Services Bureau (ISB) - Annual Report 2011 35 | page
DANGASPITIYA INDUSTRIAL PARK
No Name Year of commencement
Investment (Rs.)
Employment Project
1. Mr. Jayaruwan Samarathunga, Managing Director Coco Green (Pvt) Ltd.
1992 30 Million 40 Coir Products
2. Mr.D Vithana Managing Director
Boumy Lanka (Pvt) Ltd.
2008 10 Million 30 Coir Products
3. Mr. Ranjith Somasiri, Manager
Samtasi Brash Manufactures (Pvt) Ltd.
1992 150 Million 75 Coir Products
4. Mr. Jude , Manager
Coba Peate Lanka (Pvt) Ltd.
1992 50 Million 45 Coir Products
5. Mr.Cristoper, Manager
Horti Coir (Pvt) Ltd.
1992 08 Million 20 Coir Products
6. Mr. Jayaruwan Samaratunga
Coco Green (Pvt) Ltd (2nd land)
2010 50 Million 40 Coir
7. Mr. D Vithana
Boumy Lanka (Pvt) Ltd (2nd land)
2010 10 Million 30 Coir
8. Mr. Jayaruwan Samarathunga, Managing Director
Coco Green (Pvt) Ltd.
1992 30 Million 40 Coir Products
9. Mr.D Vithana Managing Director
Boumy Lanka (Pvt) Ltd.
2008 10 Million 30 Coir Products
10. Mr. Ranjith Somasiri, Manager
Samtasi Brash Manufactures (Pvt) Ltd.
1992 150 Million 75 Coir Products
11. Mr. Jude , Manager
Coba Peate Lanka (Pvt) Ltd.
1992 50 Million 45 Coir Products
12. Mr.Cristoper, Manager
Horti Coir (Pvt) Ltd.
1992 08 Million 20 Coir Products
13. Mr. Jayaruwan Samaratunga
Coco Green (Pvt) Ltd (2nd land)
2010 50 Million 40 Coir
14. Mr. D Vithana
Boumy Lanka (Pvt) Ltd (2nd land)
2010 10 Million 30 Coir
15. Mr. Wasantha Wanninayake
J Lanka Quarts (Pvt) Ltd
2011 15 Million 60 Quarts
Total 631 Million 620
S taff Training
Industrial Services Bureau (ISB) - Annual Report 2011 37 | page
Local training
Description Value
Outward Bound Training programme 242,900
Sustainable energy Programme 30,000
Steam engineering & energy conservation 27,500
Total 300,400
Foreign Training
Canton Trade Fair 50,900
SMEs Competitiveness Marketing & Partnership (Colombo
Plan Scholarship )
72,200
Trade Promotion in Seoul (KOICA Scholarship ) 74,700
Total 197,800
B oard of Directors
Industrial Services Bureau (ISB) - Annual Report 2011 39 | page
Mr. E.M.W.B. Ekanayake
Chief Secretary North Western Province
Chief Secretariat
Kurunegala
Mr. Jayanatha Wijerathne
Secretary
Chief Ministry of NWP
Kurunegala
Mr. A.D. Amarasiri
Secretary
Ministry of Social Welfare, Probation
and Rural Industrial Development of NWP
Kurunegala
Mr. Vijitha Bandaranayake
Secretary
Ministry of Land, Irrigation & Agriculture
Dambulla Road
Kurunegala
Prof. E.S. Wickramasinghe
Dean
Faculty of Business Studies and Finance
Wayamba University
Kuliyapitiya
Mr. E.M. Wijethilake
Chief Executive Officer
National Chamber of Commerce &
Industry, Sri Lanka
P.O. Box. 1375, 450
D.R. WijewardenaMawatha
Colombo 10
Mr. S.M. Gaus
No. 45, Kandy Road
Kurunegala
Mr. H.M. Mudiyanse
Deputy General Manager
Bank of Ceylon
Provincial Office of NWP
Kurunegala
Mr. P.R.D. Gunathilake
Ex-Bank Manager (Peoples Bank)
Indulgodakanda
Mr. Narada Edirisinghe
Attorney at Law
Lakshman Group
Horombuwa, Moonamaldeniya
Kuliyapitiya
Mr. Neelakanth Wanninayake
Director / Secretary to the Board
Industrial Services Bureau
141, Kandy Road
Kurunegala
O ur Family
Industrial Services Bureau (ISB) - Annual Report 2011 41 | page
Neelakanth Wanninayake Director / CEO
W.M.C. Silva Director (Technical & Construction Services)
Sarojini Muthunayake Assistant Director Training
Jayantha Weerakoon Assistant Director - Finance
Anusha Bandara Senior Consultant
J.M.S. Shantha Senior Consultant
M.G.R. Senadheera Consultant
Sampath Jayashantha
Consultant
Manori Dissanayake Consultant / Chemist
Loshan Palayangoda Consultant
K.P.C. Rohan Consultant
Chanaka Mahawatta Consultant
Industrial Services Bureau (ISB) - Annual Report 2011 42 | page
Gayathri Jayapala Trainee Consultant
Sunil Premachandra Technical Officer
P. M. J. J. Bandara Technical officer
Nalaka Weerasekara Boiler Technician
Chinthaka Wijesinghe Admin. Executive / Asst. Accountant
Eranda Herath Assistant Accountant
Milinda Herath Officer In-Charge (HIP)
Pradeepika Jayasinghe Training Assistant
Nilusha Weerathunga Marketing Assistant
Deepthi Wijewardane Confidential Secretary
Buddhi Manjula Secretary cum Computer Instructor
Mithila Bandara
System Administrator
Industrial Services Bureau (ISB) - Annual Report 2011 43 | page
Dilrukshi Swarnalatha Quantity Surveyor
Anuradha Mapa Technical officer
Ranil Palliyage Project Coordinator (IFAD Project)
Ewanthi Nanayakkara Receptionist Cum Secretary
R.M.A. Wijesinghe Class I Driver/Messenger
Sunil Dayananda Class I Driver/Messenger
Indika Prasad Driver/Messenger
Ravindra Pushpakumara Driver/Messenger
Manjula Jayawickrama Driver / Messenger
Indika Gunasekara Janitor
B.M.S. Basnayake Pump Operator (HIP)
F inancial Summary
Industrial Services Bureau (ISB) - Annual Report 2011 45 | page
lncome & Expenditure Statement
For the year ended 31st December Note 2011
Rs.
Income
Project lncome 1 49,943,604.65
Other Operating income 2 19,078,979.20
Total lncome 69,022,583.85
Operating Expenses
Project expenses 3 28,080,666.45
Salaries and wages 4 25,813,575.98
Rent, Rates, Tax, lnsurance 5 620,524.12
General office expenses 6 3,693,141.47
Vehicle and Transport 7 2,429,393.03
Depreciation 8 1,448,168.84
Other expenses 9 863,541.84
Total Operating Expenses 62,949,011.73
Excess of lncome over Expenditure from
operating activities 6,073,572.12
Expenses
Finance Cost 10 88,737.66
Excess of lncome over Expenditure 5,984,834.46
Adjustment
Excess of lncome over Expenditure 5,984,834.46
Industrial Services Bureau (ISB) - Annual Report 2011 46 | page
Industrial Services Bureau
Balance Sheet
For the period ended Note 31st Dec 2011
Rs.
Assets
Non Current Assets
Property, Plant & Equipment 11 42,559,408.89
lnvestments 12 9,376,781.33
lnter Company Balances 13 6,760,841.05
Current Assets
Debtors & advances 14 23,442,910.30
Other Receivables 15 887,000.47
Deposit & Prepayments 16 112,338.00
Cash in hand & Bank 17 6,274,929.51
30,717,178.28
Total Assets 89,414,209.55
Equity & Liabilities
Accumulated Fund 18 57,573,447.06
Other Funds 19 9,520,435.49
67,093,882.55
Non Current Liabilities
Finance Lease
lnterest Bearing Borrowings
Long Term Provision 20 826,975.24
826,975.24
Current Liabilities
Trade & Other Payables 21 18,931,085.44
Provision & Accurals 22 2,562,266.32
21,493,351.76
Total Equity & Liabilities 89,414,209.55
Industrial Services Bureau (ISB) - Annual Report 2011 47 | page
CASH FLOW STATEMENT
Year ended 31st December 2010
CASH FLOWS FROM ( USED IN ) OPERATING ACTIVITIES
Deficit of lncome over Expenditure 5,984,834.46
Depreciation 1,448,168.84
Provision for gratuity 1,209,188.15
Other funds 6,695,786.49
Operating profit before working capital charges 15,337,977.94
Adjustment for working capital changes
lncrease / decrease in trade & other receivables 9,068,940.08
lncrease / decrease in due to related party balances 2,807,741.31
lncrease / decrease in payables 7,446,505.11
Net cash generated from operations 16,523,284.28
Grauity paid 1562601.24
Net cash inflow from operating activities 14,960,683.04
Cash flows from investing activities
Purchase of fixed assets 9,013,258.59
Treasury bills/fixed deposit 2,952,000.00
Net cash used in investing activities 2,995,424.45
Net increase / (decrease) in cash & cash equivalents 2,995,424.45
Cash & cash equivalents a the beginning of the year 3,279,505.06
Cash & cash equivalent as at 31st December 2012 6,274,929.51
O rganization Structure
Industrial Services Bureau (ISB) - Annual Report 2011 49 | page
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#141 , Kandy Road, Kurunegala, 60000, Sri Lanka
Telephone: +94 37 2223721-3
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