Ordinary Share Issue 2014

Kanrich Finance Limited

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 company
under 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)
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.
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
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.
Board of Directors
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)
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.)
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)
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
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
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)
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 or multiples 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)
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 Provident
Funds, 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 of
sole proprietorships, partnerships, unincorporated trusts or non-corporate bodies.
How to Apply

Minimum subscription shall be 1000 Ordinary Voting Shares at LKR 20 per. Applications in excess of the
minimum 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 the terms 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.

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 Application
Form. 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.


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.
Awards
Kanrich Finance Annual Report Wins Two Gold
and Two Silver Awards
Social Activities
Polonnaruwa Rural Area Essential Dry Food
Donation
2010
Our Journey
Acquired by
19 Branches / Service
Centres
11 Micro Centres
Our Journey
2014
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
Staff Strength
0
100
200
300
400
500
600
700
800
900
1000
2011/12 2012/ 13 2013/ 14
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
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
No of Villages - 6600

Micro Members - 180,000

Lending Portfolio - 5.5 Billion

Monthly Collection - 800 Million
Launched Branchless Banking Solution
Recent Advancement
Future
Product Diversification

Fulfill the Central Bank Category A requirements by December 2014

Listing of shares in CSE by 2015

Upgrade the existing Branch Network in 2015

Implement innovative technology solutions
Growing Together