Industrial Service

Industrial Services Bureau
Annual Report 2011
for Sustainable Tomorrow
#141 , Kandy Road, Kurunegala, 60000, Sri Lanka

Telephone: +94 37 2223721-3
Fax: +94 37 2223562
Web www.isb.lk
E-mail: info@isb.lk
ACKNOWLEDGMENT
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.
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.
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
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.
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
CONTENTS
Vision, Mission, Goals & Core Values
Review of operations
Enterprise Development
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
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
1 | page
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
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
2 | 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
3 | 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.
4 | page
nterprise Development and Project

Management
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.
6 | page
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.
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
personnel.
and
machinery
and
training
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.
7 | page
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
8 | page
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.
9 | page
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.
10 | page
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.
11 | page
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.
Expansion of Coir Milling Project at Waduwana
S.D.A.L. Yasarathna
1.0 mn
Expansion and Advancement of the Manufacturing

Process of Darshana Engineers (Pvt) Ltd.
Darshana Engineers
(Pvt) Ltd.
84.0 mn
Hela Minerals
A New Metal Crushing Project
Mr. B A G S
Balachandra
12.0 mn
Starting Coir Bale Production Project at Udubaddawa
H.N.M.S. Sisira Kumara
4.5 mn
Hotel project
Mr. E M L B Ekanayake
12.0 mn
Expansion of Rice Milling Project at Bamunakotuwa
D.M.R. Dissanayake
7.0 mn
Expansion of Rice Milling Project at Jayalanda
A.W. Ananda Pradeep

Witanage
9.0 mn
Expansion of Wholesale & Retail Distribution of

Western Pharmaceuticals
R.A. Chaminda
Udayakumara
5.0 mn
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
12 | page
echnical Services
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
14 | page
OFF SITE TRAINING SESSION ON ENERGY MANAGEMENT

(KURUNEGALA)
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
15 | page
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 NorthWestern 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.
16 | page
Following is a summary of energy services which were considered in wining this glamorous award
in year 2011.
alkthrough energy audits
17 | page
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
18 | page
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.
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
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
M/s Isuru Mortors, Kegalle

M/s MAS Active (Pvt) Ltd, Embilipitiya
M/s MAS Active (Pvt) Ltd, Mawathagama
M/s Brandix Casualwear Ltd - Polonnaruwa
M/s Brandix Casualwear Ltd - Girithale
M/s Tokyo Cement Company Lanka PLC
M/s Strechline (Pvt) Ltd - Biyagama
M/s Orit Apparel Lanka (Pvt) Ltd, Naula
M/s ICC Road Project- Welimada
M/s MAS Active- Katunayaka
M/s Sri Ramco Lanka (Pvt) Ltd - Malkandura
M/s Orit Apparel Lanka (Pvt) Ltd- Dummalasooriya
M/s Orit Apparel Lanka (Pvt) Ltd, Avissawella
M/s MAS Active - Mihinthale
M/s MAS Active - Nittambuwa
M/s MAS Active - Mahiyanganaya
M/s Araliya Metal Crusher, Raththota
M/s Speed Lanka Metal Crusher
M/s Dissanayake Metal Crusher, Matale
M/s Sathurta Builders, Kurunegala
M/s Orit Apparel Lanka (Pvt) Ltd, Ayagama
19 | page
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
Capacity of Boiler
(Kg/hr)
Name & Address of the factory

Tea Factories
M/s Kahawaththa Plantation - Pelmadulla Estate, Kahawaththa
Hot water
M/s Kahawaththa Plantation - Endana Estate, Kahawaththa
Hot water
M/s Dunsinane Tea Factory, Pudalu Oya (Elpitiya Plantation)
Hot water
M/s Furnlands Tea Factory, Pudalu Oya (Elpitiya Plantation)
3000
Garment Factories
5
M/s Candy Garment (PVT) Ltd, Negambo Road, Kurunegala
500
M/s Nawarath Garment (PVT) Ltd, Heraliyawala Industrial Park,

Kurunegala
200
20 | page
M/s J.K. Garments (PVT) Ltd, Madagalla Road, Ibbagamuwa
500 & 300 - 2 units
M/s CKT (PVT) Ltd, New Town, Madampe
300
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
21 | page
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.
Following list depict the services obtained by different clients

1
M/s Sumudu Auto Service, Hemmathagama
M/s Ajith Saw mill, Galenbindunuwewa
3
4
5
6
7
8
9
10
11
12
13
14
M/s Metal crusher, Anuradhapura

M/s Araliya Metal crusher, Matale
M/s Galewela Metal crusher, Galewela
M/s J Lanka Metal Crusher, Galewela
M/s Katugasthota Wood Factory, Katugasthota
M/s Ruwanwella Metal Crusher, Ruwanwella
M/s Gamlath Stores
M/s Kandy Metal Crusher, Matale
M/s Peradeniya metal crusher, Peradeniya
M/s Central Engineering Consultancy Bureau (CECB) Nawalapitiya
M/s Success metal crusher, Anuradhapura
M/s Quartz factory, Galaha
22 | page
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
23 | page
raining programmes
NTREPRENEURSHIP
ENTREPRENEURS (SMEs)
DEVELOPMENT
DIPLOMA
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
(EDD)
FOR
SMALL
AND
MEDIUM
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
25 | page
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.
26 | page
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.
27 | page
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.
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.
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.
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.
28 | page
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.
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.
29 | page
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
ndustries Operating in Industrial Parks
HERALIYAWALA INDUSTRIAL PARK PHASE I

No
Company name & Contact person
01
Mr.Ajith Karunarathne,
Year of
commencement
Investment
(Rs.)
Employment
Project
1997
30 Million
100
Tyre
Rebuilding
1992
100 Million
150
Tyre
Rebuilding
2008
05 Million
10
Coir Products
2008
10 Million
25
Paint Industry
1995
25 Million
30
Detergent
manufacturing
2003
04 Million
15
Coir Products
1993
06 Million
20
Ornamental
Ceramic
Mr.D.A.N.Ranjith,
Managing Director
D S R Tyre Co. Ltd.
Mr.Gamini Samarasinghe, Managing
Director
Hilltop (Pvt) Ltd.
Mr.Gamini Sellahewa, Executive Director
Tropical Health Food (Pvt) Ltd.
1996
07 Million
05
Tyre
Rebuilding
2003
35 Million
25
Coir Twine
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
Mr.T. M. R.B. Tennakoon, Director
Nawarath Garment Industries (Pvt) Ltd.
1996
03 Million
04
Electric item
repair
2001
110 Million
380
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
Managing Director
02
03
04
05
06
07
08
09
10
13
Sumith Tyre Centre (Pvt) Ltd

Mr. Chaminda , Factory Manager
Richard Pieris Tyre Co. Ltd.
Mr.J.V.Bandula Gunawardane, Managing
Director
Thisara Coir Industries
Mr. Rohana Dharmasiri, Director
Nimro Paint Industries (Pvt) Ltd.
Mr.Palitha Seevali Weerakoon, Managing
Director
Tradex Products
Mr. Ariyananda Dobagahawatta
Royal Coir Industries
Mr.A.M.C.S. Abewickrama Wayamba
Ceramics (Pvt) Ltd.
Garments
32 | page
No
Year of
commencement
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
515 Million
1135
Total
Investment
(Rs.)
Employment
Project
33 | page
HERALIYAWALA INDUSTRIAL PARK PHASE II

No
Year of
commencement
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
6.
Mr. Mohan Sanjaya, Managing Director

Harasara Industries (Pvt) Ltd.
2008
12 Million
30
Water
Bottling /
Fruit Juice
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
11.
Mr.Thushara Kudakumbura - Director

Trump coir products (Pvt) ltd.
2011
08 Million
25
Water
Bottling /
Fruit Juice
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
131.5Million
345
Total
Investment
(Rs.)
Employment
Project
34 | page
DANGASPITIYA INDUSTRIAL PARK

No
Name
Year of
commencement
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
631 Million
620
Total
Investment
(Rs.)
Employment
Project
35 | page
taff Training
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 72,200

Plan Scholarship )
Trade Promotion in Seoul (KOICA Scholarship )
74,700
Total
197,800
37 | page
oard of Directors
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. P.R.D. Gunathilake

Ex-Bank Manager (Peoples Bank)
Indulgodakanda
Mr. H.M. Mudiyanse

Deputy General Manager
Bank of Ceylon
Provincial Office of NWP
Kurunegala
Mr. Narada Edirisinghe

Attorney at Law
Lakshman Group
Horombuwa, Moonamaldeniya
Kuliyapitiya
Mr. Neelakanth Wanninayake

Director / Secretary to the Board
141, Kandy Road
Kurunegala
39 | page
ur Family
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
41 | 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
42 | 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)
43 | page
inancial Summary
lncome & Expenditure Statement
For the year ended 31st December
Note
Income
Project lncome
49,943,604.65
19,078,979.20
69,022,583.85
3
4
5
6
7
8
9
28,080,666.45
25,813,575.98
620,524.12
3,693,141.47
2,429,393.03
1,448,168.84
863,541.84
62,949,011.73
Other Operating income

Total lncome
Operating Expenses
Project expenses
Salaries and wages
Rent, Rates, Tax, lnsurance
General office expenses
Vehicle and Transport
Depreciation
Other expenses
Total Operating Expenses
Excess of lncome over Expenditure from

operating activities
Expenses
Finance Cost
Excess of lncome over Expenditure
Adjustment
Excess of lncome over Expenditure
2011
Rs.
6,073,572.12
10
88,737.66
5,984,834.46
5,984,834.46
45 | page

Balance Sheet
For the period ended
Assets
Non Current Assets
Property, Plant & Equipment
lnvestments
lnter Company Balances
Current Assets
Debtors & advances
Other Receivables
Deposit & Prepayments
Cash in hand & Bank
Note
31st Dec 2011

Rs.
11
12
13
42,559,408.89
9,376,781.33
6,760,841.05
14
15
16
17
23,442,910.30
887,000.47
112,338.00
6,274,929.51
30,717,178.28
Total Assets
89,414,209.55
Equity & Liabilities

Accumulated Fund
Other Funds
18
19
57,573,447.06
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
Provision & Accurals
21
22
18,931,085.44
2,562,266.32
21,493,351.76
Total Equity & Liabilities
89,414,209.55
46 | 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
Provision for gratuity
Other funds
1,448,168.84
1,209,188.15
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

lncrease / decrease in due to related party balances
lncrease / decrease in payables
Net cash generated from operations
Grauity paid
Net cash inflow from operating activities
9,068,940.08
2,807,741.31
7,446,505.11
16,523,284.28
1562601.24
14,960,683.04
Cash flows from investing activities

Purchase of fixed assets
Treasury bills/fixed deposit
9,013,258.59
2,952,000.00
Net cash used in investing activities
2,995,424.45
Net increase / (decrease) in cash & cash equivalents

Cash & cash equivalents a the beginning of the year
2,995,424.45
3,279,505.06
Cash & cash equivalent as at 31st December 2012
6,274,929.51
47 | page
rganization Structure
49 | page
Investment Promotion
Division
Trainee
Consultants
Consultant
Senior
Consultant
Director - ISB
Construction & IT
Solutions Division
Trainee
Consultants
Consultant
Senior
Consultant
Director Construction &

IT Solutions
Technical Service
Division
Trainee
Consultants
Consultant
Senior
Consultant
Director Technical
Services
of ISB
Executive Director / CEO
Board of Management of ISB
Minister in charge of
industries
Environmental
Services Division
Trainee
Consultants
Consultant
Senior
Consultant
Director Environmental
Services
Organizational Structure ISB
Miner Staff
Driver Etc.
Secretarial Staff
Accountants &
Administrative
Staff
#141 , Kandy Road, Kurunegala, 60000, Sri Lanka

Telephone: +94 37 2223721-3
Fax: +94 37 2223562
Web www.isb.lk
E-mail: info@isb.lk

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Industrial Service

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Industrial Services Bureau

Annual Report 2011

for Sustainable Tomorrow

#141 , Kandy Road, Kurunegala, 60000, Sri Lanka

ISB wishes to express its profound gratitude to

for Sustainable Tomorrow

Message of the Executive Director/ CEO

Training Programmes Conducted

Industrial Services Bureau (ISB) - Annual Report 2011

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

Our core values

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

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

We believe give and take policy

Industrial Services Bureau (ISB) - Annual Report 2011

Our core values cont..

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

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

Service orientation of all activities while attaining the financial sustainability

Enhance and continuous improvement of service quality of ISB

To become recognized as trendsetters in the BDS sector

To promote the application of modern methods of management, production and distribution in

To enhance and continuous improvement of knowledge base and international exposure of

Industrial Services Bureau (ISB) - Annual Report 2011

nterprise Development and Project

outh Workforce Development and Job Placement Programme in Hambantota

It is well known fact that the unemployment

Industrial Services Bureau (ISB) - Annual Report 2011

enhance skills and knowledge of the job seekers

ry Zone Livelihood Support and Partnership Program

The Dry Zone Livelihood support and Partnership

development program. Specific Objective is to

x-post Evaluation on Project for Improvement of National Blood Transfusion

Since year 2000 onwards ISB has been working

Our task was to work as the local Consultant

OXFAM GB together with the Provincial Ministry

Industrial Services Bureau (ISB) - Annual Report 2011

formulate the five year plan was consisted of

Designing the study

ob Market Study in Killinochchi and Mullativu Districts

CARE has shown their interest in development

Industrial Services Bureau (ISB) - Annual Report 2011

job market. Mainly the primary data have been

icro Enterprise Development Project Hambantota District