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| CORPORATE INFORMATION |
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| Name of the Company |
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Cey-Nor Foundation Limited |
| Legal Form |
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A Limited Liability Company incorporated in Sri Lanka under the Companies Act No : 17 of 1982 |
| Registered Office |
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335, D.R. Wijewardena Mawatha, Colombo 10 |
| Bankers |
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Hatton National Bank
Bank of Ceylon
People's Bank |
| Number of Employees |
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349 |
| Head Office |
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335, D.R. Wijewardena Mawatha, Colombo 10 |
| Boat Yards |
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No : 25, Handala Ferry Rd, Colombo 15
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| Fish Net Factories |
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Lunuwila and Weerawila |
| Retails Outlet |
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Kirinda, Matara, Galle, Tangalle, Beruwala |
| Workshop |
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Galudupita Road, Welisara, Mattumagala |
| Board of Directors |
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Mr. Sarath Kumara De Silva - Chairman
Mr. Ujith Anurada - Managing Director
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| Managerial Staff |
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Mr. K.D. Liyanage - Company Secretary / General Manager
Mr. D.G.B. Abeygunawardana - Finance Manager |
Over the years the organization has undergone serveral changes which are summarized below : |
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| 1967 |
Cey-Nor Development Foundation was created and began Operations, utilizing the aid received from NORGES GOTEMPLAR UNGDOMS FORBUND (NGU), a Norwegian NGO
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| 1971 |
The company was incorporated under the Companies Ordinance No : 51 of 1938 as a Public Company Limited by guarantee and was know as Cey-Nor Development Foundation Limited
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| 1985 |
Acquired by the Government of Sri Lanka under the Business Acquisition Act No : 38 and the Comapny became the G.O.B.U. of Cey-Nor Development Foundation Limited
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| 1990 |
With the enforcement of the Conversion of Public Corporations or G.O.B.U. into the Public Companies Act No : 23 of 1987, the G.O.B.U. of Cey-Nor Development Foundation ceased to exist
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Cey-Nor Foundation Limited was incorporated under the Companies Act No : 17 of 1982, to succeed the former G.O.B.U. of Cey-Nor Development Foundation Limited |
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The entire share capital of this new Company (Rs. 40,000,000/-) has been allotted to the Secretary to the Treasury.
Initially the activities of the Company were limited to the manufacture and repair of boats at the Karainagar Boat Yard. Over the years the Company expanded its activities. The Head Office, situated in Colombo is responsible for administration and co-ordination of the activities at other locations. |
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| OBJECTIVES |
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To be an effective contributor to the development of the fishing industry by supplying high quality products such as fishing vessels and fishing gear |
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To provide a caring customer service |
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To equip the factories, the boat yards and the workshops with the required capital equipment and facilities and the trained work force needed to achieve optimum levels of productivity |
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To upgrade existing technology and adopt new and improved technology |
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To motivate and reward employees on performance based criteria |
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To aggressively promote the products of the Company to gain a substantial share of the market |
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To enter the export market |
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To achieve commercial viability in the operations of business |
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