Sri LankaPresented by : AbeyRatna & Co.

About Sri Lanka

Sri Lanka Sri Lanka which was originally known as Ceylon became a

republic within the commonwealth and its name was

changed to Sri Lanka in 1972.

Sri Lanka which is known as the Pearl of the Indian Ocean got its Independence in 1948.

It has a population of 20 Million Our official languages are Sinhala, Tamil and English.

The Capital of Sri Lanka is Sri Jayawardenapura – Kotte. Kotte is the suburb of the largest city in Sri Lanka which

is Colombo.

TourismSri Lanka is famous for it beaches, wildlife, flora and fauna and has a great attraction to tourists who love to visit Sri Lanka and enjoy our beaches.

They are also able to visit many places of interest like

Anuradhapura, Polonnaruwa & Mihintale Ruins

Tourism Dalada Maligawa in Kandy

TourismSigiriya Rock Adams Peak

TourismBeaches

Nilaveli Arugambey Marble

TourismYala & Kumana wildlife & birds sanctuary

Foreign exchange Tea production is one of the main sources of Foreign

exchange apart from other produce like Rubber, Coconut, Gem and Copra.

Sri Lanka is the world’s fourth largest producers of

Tea. In 1995 it was the leading exporter of tea.

The major tea growing areas are Kandy and Nuwara Eliya in the Central Province, Badulla, Bandarawela and Haputale in the Uva Province, Galle & Matara in the Southern Province and Ratnapura & Kegalle in the Sabagamuwa Province.

ExportsTea

GemCoconut

Rubber

As per Budget 2013

NO Approval Needed

About AbeyRatna & Co.

Mission StatementIs to be solution Partner of our clients

with our professional staff, each of which is expert in their field, by providing independent, objective and reliable reviews and assessments in their

activities, operations, financial systems and internal controls in accordance with

clients needs.About UsAbeyRatna & Company is a firm of Chartered

Accountants. The practice commenced in 1983.

Our registered office and principal place of business is at 126/18, 2nd Floor, Y. M. B. A,

Building, Colombo 1.

Mr Damian Sunil AbeyRatna• Fellow Member of the Institute of Chartered Accountants – S/L

FCA• Fellow Member of the Institute of Management Accountants –

UK FCMA (UK)• Fellow Member of the Institute of Management Accountants –

S/L FCMA• Certified Management Accountants of Australia - CMA• Doctor of Philosophy by Research – University of Honolulu -

PHD – UH USA 

The Doctorate thesis being ‘ROLE OF FINANCIAL CONTROL ON THE GROWTH OF THE SRI LANKAN TEA INDUSTRY WITHIN A GLOBAL MARKET'

The firm’s core business competencies include External Auditing – Construction, Gem/Jewellery, Garments, Housing, Investment Funds, Hospitals, Due Diligence

CURRENT DIRECTORSHIPS Director - Nawaloka Hospital PLCDirector - Rosewell Investment Pvt LtdDirector - East West Properties PLCDirector - KBSL Information Technology LimitedDirector - Eastern Brokers LimitedDirector - KIA Motors Lanka Ltd & Car Plan Ltd

WAS• Director / CEO - Kotagala Plantations

PLC • Director / CEO - Agarapatana

Plantations Limited

OUR SERVICES

Our accounting and auditing team has the extensive technical expertise and experience necessary to provide you with accurate information, as well as value-added insight to help you improve your business strategies, information management, and profitability.

By gaining an in-depth understanding of your company, we are able to objectively advise you about financial and operational issues.

Our highly skilled accounting and auditing team approach each engagement with a proactive mindset, seeking to detect areas of your management and/or operations in which improvements could positively impact your profitability.

1. Accounting and Auditing

Our accounting and auditing services includeAudit With this level of service, you will receive an opinion from impartial financial professionals on the fair presentation of your financial statements.

Review In the performance of a review, we conduct in-depth discussions with your management and provide an analysis of your financial results, with limited assurance. 

Internal Control Review Our team can review your financial procedures and processes to assess areas of potential weakness, including those that could contribute to the possibility of any employee error or fraud. Management Consulting Our team is committed to providing value-added management advice to help you improve your financial reporting efficiency and your ultimate profitability. Special Reports Our team can prepare special reports on specific items contained in your financial statements. We also have the ability to prepare prospective financial statements and projections.  

OUR SERVICES …

We offer business consulting services from our experienced team. Our clients appreciate our commitment to understanding their business.

We help strengthen and improve your business. Focusing on understanding your business operations, your business values, your culture and strategic goals, we offer an ultimate outcome that meets your expectations.

We provide practical financial analysis, operational efficiency assessments, and business process improvement reviews..

2. Business Consulting

Our Business Consulting Services include

• Business succession and continuity planning

• Business processes improvement reviews

• Profitability analysis

• Inventory control review and system development • Strategic planning

• Detailed Financing analysis

OUR SERVICES …

By understanding your personal and business financial objectives, we assist you in implementing a working plan for your overall wealth management needs.

 

We offer customised financial services that meet the specific needs of each of the clients we serve.

3. Financial Services

Our Financial Services include

• Feasibility Studies.

• Cash Forecasting & Control.

• International Investment Advice 

OUR SERVICES …

We provide our clients with advise pertaining to Information Technology requirements. By improving your technology systems, you can achieve less hassle and more synergy in your daily operations.

 

We offer customised financial services that meet the specific needs of each of the clients we serve

4. Information Technology Services

Our IT Services include

• Feasibility Studies. • Strategic Planning.. • Basic System Design

OUR SERVICES …

We offer both technology based and on-site outsourced accounting services. These outsourced accounting services are often used by emerging businesses with limited resources, to control costs or to cover temporary absences. We work with you to streamline your internal accounting procedures.

We offer customised financial services that meet the specific needs of each of the clients we serve.

5. Book - KeepingWe give you accurate, timely financial data by assisting you in the following areas:

• Developing reports for the Board, management and auditors

• Issuing monthly, quarterly or annual financial statements

• Reviewing monthly financial information

• Maintaining the general ledger

• Performing routine financial analysis

• Work with management to develop and execute a business plan

OUR SERVICES

Our tax professionals work with you throughout the year to provide innovative tax planning alternatives, so that when it is time for tax preparation and filing, you can keep more of what you earn.

Our tax professionals continually monitor the federal and state regulatory environment to identify potential opportunities to minimise your tax burden. In addition, our commitment to continuing professional education allows our tax professionals to provide our clients with the most current tax planning opportunities.

Our tax professionals create comprehensive, value-added and distinctly different tax solutions tailored to your need for wealth preservation and tax minimisation. You will receive timely income and corporate tax planning and preparation advice that will maximise your tax benefits and keep you in compliance with federal, state and local regulations. When necessary, we will represent your interests before the Internal Revenue Service, state revenue agencies, and local taxing authorities

6. Tax Consultancy

In the tax service area, we offer a variety of business and personal solutions including: • Preparation of local

income tax returns

• Preparation of sales tax returns

• Preparation of payroll

tax returns • Business tax planning

and preparation

• Personal tax planning and preparation

• Advice on acquisition related tax issues

OUR SERVICES …

Our business associates, Dissanayaka Amaratunga Attorneys – At – Law involve themselves in setting up new business enterprises, dealing directly with the Board of Investments (BOI) of Sri Lanka, Business Valuations, etc.

Our legal associates consists of a group of talented individuals who work together to obtain and analyse the information that is relevant to our client’s legal situation. They are qualified and well-trained in the areas of business valuation, and have a strong presence in the local legal community. Our legal associates provide services in both the areas of financial damages and family law.

7. Setting up New Companies

Our associates can provide legal support services in a variety of situations, including

• Breach of contract

• Product liability

• Unfair business practices• • Business interruption or loss

• Post-merger and acquisition disputes

• Unlawful termination

• Economic losses due to injury or negligence

BUSINESS ASSOCIATES

THE FIRM’S BUSINESS ASSOCIATES ARE

Dissanayake, Amaratunge & PartnerAttorneys – at – Law Chitral amaratungaPushpa amaratungaRahal Guneratne

Dissanayake, Amaratunge AssociatesLegal/Secretarial

A J Associates LtdTax Consultancy Mr W P Sirisena - Retired Commissioner Inland RevenueI.K. Jinadasa - Retired D/C Inland RevenueAnton Fernando - Retired Senior Assessor 

CORE TEAM

OUR TEAM

Mr Sunil AbeyRatna – Managing Partner

Mr Ashan Siriwardena – Audit Manager

Mr Gabriel de Silva – Tax Consultant

Mr Shammika Karandanagoda – Senior Audit Executive

Mr N Neelaka – Senior Audit Executive

Mr Shifan Mohamed – IT Manager

Mr. Nandana Seneviratna – IT Assistant

Our team would comprise the following

OUR MAJOR CLIENTS

INTERNATIONAL

Tabar Inc. - USA

Kingsley Healthcare - UK

Red Dot Tours Limited - UK

Dish T V Lanka (Private) Limited - India

JOSHUAA - India

Kaki Tiga – Singapore

Maha Chemicals Ltd - Singapore

Kusang Lanka Pvt Ltd – Korea

Nawaloka Polysacks Ltd – Sharjah, UAE

LOCAL

Nawaloka Hospital PLC

Nawaloka Construction Ltd

Nawaloka Aviation Ltd

Sasiri Polysacks Ltd

Melwin Wire Nails Ltd

Nawaloka Medical Centre Ltd

Austin Management Ltd

Nawakrama Group

Catholic Institutes.

SRI LANKAN CRICKETERS

Mahela Jayawardena

Kumar Sangakkara

Lasith Malinga,

Sanath Jayasuriya

Marvan Atapattu

Muthiah Muralitharan

Tillekeratne Dilshan

Angelo Mathews

Nuwan Kulasekera

Sachitra Senanayake

THE END