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Sri Lanka Export Credit Insurance Corporation

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Type
State Owned Enterprise
Industry
Insurance

The Sri Lanka Export Credit Insurance Corporation (SLECIC) provides a range of facilities to ensure the financial security of Sri Lankan exporters of goods and services trading on credit terms. The SLECIC operates its products and services in two main segments: Seller’s Risk and Export Credit Guarantees. Seller’s Risk serves the purpose of protecting the export from the risk of non-payment of delayed payment by the overseas buyer due to commercial and political risks. The Export Credit Guarantees to banks mitigate losses suffered by banks on account of non-payment of advances by the exporter owing to protracted default and insolvency of exporters. Founded in 1979, the SLECIC is headquartered in Colombo.

ROA
2.3
Governance
54.2
Profits/Losses
LKR 265,000

Governance Indicators

A systematic measure of how well this SOE is managed.

2016

Year of the most recent Annual Report available online

1

Have Annual Reports for the last five years been tabled in Parliament?

1

Does the Annual Report include the mandatory provisions set out in the PED guidelines?

0

Is the Audit Clean / Qualified / Disclaimer?

0

Is the information pertaining to the RTI officer available on the website?

0

Does the SOE respond to an RTI within the timeframe specified in the Act?

1

Does the SOE have a website?

1

Does the SOE website contain sufficient organtisational details?

1

Does the SOE website contain tender and procurement details?

Annual Report
Auditing Standards
Rights to Information
Accessibility of Information

Interpretation of the indicators

Good
2
Average
1
Bad
0
See Methodolgy

Financials

Available Financial data for the last few years.

Year Turnover (LKR) Total Assets Profit/Loss Total Debt Total Liabilities Total Equity Operational Profits ROA
2020
219,000
 Data Not Available 265,000 Data Not Available Data Not Available Data Not Available Data Not Available
Data Not Available
2019
457,000
 Data Not Available 253,000 Data Not Available Data Not Available Data Not Available Data Not Available
Data Not Available
2018
239,000
 Data Not Available 386,000 Data Not Available Data Not Available Data Not Available
386,000
Data Not Available
2017
449,000
2,204,000
 -183,000 Data Not Available
229,000
1,975,000
-183,000
-8
2016
212,831
2,377,161
 141,112 Data Not Available
224,082
2,153,079
29,375
6.2
2015
244,789
2,170,524
 174,076 Data Not Available
192,371
1,978,153
83,069
8.6

Download our datasets

Access Advocata Institute's Datasets on State Owned Enterprises