The Case Study - Seylan Bank

More documents

Recommendations

Info

212Seylan Bank PLC Annual Report 2009Notes to the Consolidated Financial StatementsParty/PartiesAccommodatedName of Director/Key ManagementPersonnelRelationshipDeposit Aggregate Amount of Accommodationoutstanding as at 31.12.2009Rs. Mn.Nature ofAccommodationLimitRs. Mn.FundedRs. Mn.Non-FundedRs. Mn.Interest inSuspenseProvisionfor the YearRs. Mn.Bad &DoubtfulDebtProvisionfor the YearRs. Mn.(c) Common Directorship EntitiesBrown & Company PLCMr. A.L. DevasurendraDeputy Chairman Overdraft 140.00 1.209Term Loan 100.00 100.000240.00 101.209Mr. I.C. NanayakkaraDirectorCorporate Guarantee from Standard Finance Limited (Group Company ofBrowns) for LKR 240 Mn. 275,100 shares of HNB presently lodged in thecustodian account of Brown & Co. PLC at Seylan Bank PLC. Leeway available onthe value of 5,300,000 shares of HNB mortgaged to Standard Finance LimitedStandard Finance(Pvt) LimitedTaprobane HoldingsLimitedCeylease FinancialServices LimitedMr. A.L. DevasurendraDirector Demand Deposit 0.024 Term Loan 335.000 218.0910.024 335.000 218.091Mortgage over 5,300,000 shares of HNBMr. A.L. DevasurendraManaging Director Margin Trading 15.00Mr. I.C. NanayakkaraDirector Demand Deposit 0.0650.065 15.000Secured by Rs. 46,230,000 worth of quoted sharesNo. of Non-Voting Shares - 5,607,800Mr. P.L.P. WithanaDirector (Resignedw.e.f. 18.11.2009) Demand Deposit 1.231 Revolving Terms Loan 200.0001.231 Overdraft 20.000220.000Assignment over performing lease agreements at a ratio of 1:1.25 with a specialPower of Attorney up to maximum of Rs. 275.00 Mn. (to secure the term loans).Letter of undertaking confirming that the Company will settle the full outstanding orsubstitute same with performing leases if a particular lease falls into arrears for more than03 months.Letter of undertaking that they will keep us informed in the event of any change in themanagement/ownership of the Company.Loans Agreement Form.Series of Loans.Overdraft Agreement Form.Letter of Set Off (Company)Repo Rs. 2.7 Mn.SriLankan Catering(Pvt) LimitedMr. N.M. Jayamanne PCDirector Time Deposits 5.2805.280
Seylan Bank PLC Annual Report 2009 213Notes to the Consolidated Financial StatementsServices Obtained/Other TransactionsNature of ServiceAmount Payable/ReceivableAmountPaid/ReceivedRs. Mn.Rs. Mn.Purchase of 2 Nos. of mailingmeters and base. 0.5370.537Interest Expense 0.001 0.291Capital Repayment 203.0150.001 203.306Interest Received 17.40617.406
Page 4:
The Case Study > Seylan Bank PLC An
Page 8 and 9:
Copyright © 2009 Seylan Bank PLCSt
Page 13 and 14:
9{ Chapter 1 }Growth and ItsChallen
Page 15 and 16:
Growth and Its Challenges11Rapid, P
Page 17 and 18:
Growth and Its Challenges13“Despi
Page 19:
Growth and Its Challenges15The comp
Page 22 and 23:
18The Case Study > Seylan Bank PLC
Page 29 and 30:
25{ Chapter 3 }Swift andDecisive Ac
Page 31 and 32:
Swift and Decisive Action27The sign
Page 33 and 34:
29“WE HAVE HONOURED EACHAND EVERY
Page 35:
3110847965. Rear Admiral (Rtd.) B.A
Page 39 and 40:
35{ Chapter 4 }Reassuringthe Public
Page 41 and 42:
Reassuring the Public37A Multi-Fron
Page 43:
Reassuring the Public39the word tha
Page 46 and 47:
Page 48 and 49:
Page 50 and 51:
Page 53 and 54:
49{ Chapter 6 }A Sound FutureStrate
Page 55 and 56:
A Sound Future Strategy51StructureL
Page 58 and 59:
Page 60 and 61:
56Seylan Bank PLC Annual Report 200
Page 62 and 63:
Page 64 and 65:
Page 67 and 68:
Seylan Bank PLC Annual Report 2009
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121:
FINANCIALREPORTSAnnual Report of th
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167: 162Seylan Bank PLC Annual Report 20
Page 181 and 182: Seylan Bank PLC Annual Report 2009
Page 199: Seylan Bank PLC Annual Report 2009
Page 236 and 237: 232 Seylan Bank PLC Annual Report 2
Page 254 and 255: 250fi,dka nexl=j mS't,a'iS' ys 2009
Page 256 and 257: 252nryhd; tq;fp gpvy;rp Mz;lwpf;if
Page 261: Seylan Bank PLC Annual Report 2009
show all

The Case Study - Seylan Bank

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?