Introductory Document - Colombo Stock Exchange

2. OVERVIEW OF THE COMPANY2.1 RAMBODA FALLS LIMITEDRamboda Falls Limited (RFL) was established in 1996, as a privately owned luxury tourist hotel, whichcaters to both local and foreign clientele, by the two major shareholders of the Company. RFL wassubsequently converted to a public limitedliability company on 05 September, 2011.The Executive Directors (who are the twomajor shareholders of RFL), along with theSenior Management carries out themanagement of the hotel. Both the hoteland land is owned by the Company.The hotel was initiated with the intention of providing a ‘rest-stop’ for travelers wanting to grab aquick meal on their way to Nuwara Eliya. The hotel is situated along the Nuwara Eliya-Kandy road,scenically located next to the cascading Ramboda Falls.The founders wishing to create a differentiated experience for visitors determined the location wasideal to build a hotel, capitalizing on the geological positioning en-route to Nuwara Eliya, the abundantnatural resources available, personalized service, and unique view of Ramboda Falls.The operation of the hotel commenced with five (05) bedrooms, a bar and restaurant with a seating capacity of 125pax, catering to local clients.In 1998, the Company obtained the Tourist Board License tooperate as an “A Grade” restaurant. Subsequently, additionalrooms were added gradually over the years to bring the roomcount to twenty (20) deluxe rooms. Expansions andmodifications to the hotel were funded through bank loansand cash infused by the two founders.7 Ramboda Falls Limited – Introductory Document