Notice of Sale Under Section 9 Of The Recovery Of Loans By Banks (Special Provisions) Act. No 4 Of 1990

DFCC Bank PLC

Successor to DFCC Vardhana Bank PLC

AUCTION SALE

OF

VALUABLE MACHINERY
&
STOCK - IN - TRADE

    DESCRIPTION OF THE PROPERTY MORTGAGED BY MORTGAGE BOND NO. 1800
    The entirety of the stock - in - trade merchandise effects and things raw materials work in progress finished goods and unfinished goods including as at 01st August 2006.

    All Fabric for Printing

    Metres in Stock

    Cost per M

    Value

    31" 84x28  16/10 1/2 Panama Optic White and Calendar

    0

     

     

    31" 84x28  16/10 1/2 Panama Soap Washed

    0

     

     

    31" 84x37  20/10 1/2 Panama Optic White and Calendar

    0

     

     

    62" 84x28  16/10 1/2 Panama Soap Washed

    0

     

     

    62" 84x28  16/10 1/2 Panama Optic White and Calendar

    0

     

     

    62" 85x37  20/10 1/2 Panama Optic White and Calendar

    0

     

     

     

     

     

     

    62"  96x48  16/12 DRILL Optic White

    0

     

     

    62"  96x48  16/12 DRILL Soap Washed (Wash Scour)

    4791

    1.35

    6467.8

    66/67"  96x48  16/12 DRILL Loomstate /Greige

    0

     

     

     

     

     

     

    66/67"  60x60  20/20  PLAIN SHEETING Loomstate /greige

    882

    0.68

    599.

    62"        60x60  20/20  PLAIN SHEETING Optic White

    0

     

     

    62"        60x60  20/20  PLAIN SHEETING Soap Washed

    0

     

     

    48"        60x60  20/20  PLAIN SHEETING Optic White

    0

     

     



    Printed Fabric

    Metres in Stock

    Cost per M

    Value

    Garden Rose Pink 62"

     

     

    60x60 20/20

    1602

    1.05

    168.

    Garden Rose Pink 71"

     

     

    60x60 20/20

    2540

    1.15

    2921

    Garden Rose Gold 61"

     

     

    60x60 20/20

    2250

    1.05

    2362.5

    Garden Rose  Gold 71"

     

     

    60x60 20/20

    2680

    1.15

    3082

     

     

     

     

     

     

     

    Manhattan Grey     61"

     

     

    60x60 20/20

    330

    1.05

    346.5

    Manhattan Blue     61"

     

     

    60x60 20/20

    50

    1.5

    75

    Manhattan Brown  61"

     

     

    60x60 20/20

    410

    1.05

    430.5

    Manhattan Grey     71"

     

     

    60x60 20/20

    0

     

    0

    Manhattan Blue     71"

     

     

    60x60 20/20

    232

    1.15

    266.8

    Manhattan Brown  71"

     

     

    60x60 20/20

    1751

    1.15

    2013.65

    Manhattan Blue      61"

     

     

    DRILL

    0

     

    0

    Manhattan Blue      56"

     

     

    DRILL

    1555

    1.42

    2208.1

    Manhattan Grey     56"

     

     

    DRILL

    800

    1.42

    1136

    Manhattan Brown   56"

     

     

    DRILL

    800

    1.42

    1136

     

     

     

     

     

     

     

    Brooklyn Green    49"

     

     

    60x60 20/20

    0

     

    0

    Brooklyn Brown   49"

     

     

    60x60 20/20

    0

     

    0

    Brooklyn Gray      49"

     

     

    60x60 20/20

    0

     

    0

    Brooklyn Green    61"

     

     

    60x60 20/20

    0

     

    0

    Brooklyn Brown   61"

     

     

    60x60 20/20

    50

    1.05

    52.5

    Brooklyn Gray      61"

     

     

    60x60 20/20

    0

     

    0

    Brooklyn Green    71"

     

     

    60x60 20/20

    0

     

    0

    Brooklyn Brown   71"

     

     

    60x60 20/20

    736

    1.15

    846.4

    Brooklyn Gray      71"

     

     

    60x60 20/20

    370

    1.15

    425.5

    Brooklyn Green    56"

     

     

    DRILL

    645

    1.42

    915.9

    Brooklyn Brown   56"

     

     

    DRILL

    0

     

    0

    Brooklyn Gray      56"

     

     

    DRILL

    0

     

    0

     

     

     

     

     

     

     

    Jubilee  Cream        61"      60x60    20/20

            

     

    60x60 20/20

    550

    1.05

    577.5

    Jubilee Burgundy   61"      60x60    20/20

     

     

    60x60 20/20

    0

     

    0

     

     

     

     

     

     

     

    Madison Grey           71"      

     

     

    60x60 20/20

    1650

    1.15

    1897.5

    Madison Blue            71"      

     

     

    60x60 20/20

    1650

    1.15

    1897.5

    Madison Burgundy    71"      

     

     

    60x60 20/20

    1950

    1.15

    2242.5

    Madison Green          71"      

     

     

    60x60 20/20

    1200

    1.15

    1380

     

     

     

     

     

     

     

    Gingham Yellow      49"

     

     

    60x60 20/20

    0

     

    0

    Gingham  Blue          49"

     

     

    60x60 20/20

    0

     

    0

    Gingham Terracotta  49"

     

     

    60x60 20/20

    0

     

    0

    Gingham Green         49"

     

     

    60x60 20/20

    0

     

    0

    Gingham Yellow      61"

     

     

    60x60 20/20

    1432

    1.04

    1489.28

    Gingham  Blue          61"

     

     

    60x60 20/20

    2910

    1.04

    3026.4

    Gingham Terracotta  61"

     

     

    60x60 20/20

    2034

    1.04

    2115.36

    Gingham Green         61"

     

     

    60x60 20/20

    2013

    1.04

    2093.52

     

     

     

     

     

     

     

    Inspirations          61"

     

    Beige

    60x60 20/20

    4433

    1.04

    4610.32

    Inspirations          61"

     

     

    Drill

    Nil

     

     

     

     

     

     

     

     

     

    Holly Bells

    61"

    Cream

    60x60 20/20

    729

    1.18

    860.22

     

    61"

    Burgundy

    60x60 20/20

    2631

    1.18

    3104.58

    Snow Flake

    61"

    Cream

    60x60 20/20

    305

    1.18

    359.9

     

    61"

    Burgundy

    60x60 20/20

    64

    1.18

    75.52

     

     

     

     

     

     

     

    Flower Bottle Green

     

    97"

     

    1825

    1.63

    2974.75

    Olive Check Rose

     

    97"

     

    1363

    1.63

    2221.69

    Olive Check Green

     

    97"

     

    1235

    1.63

    2013.05

    Olive check Blue

     

    97"

     

    1748

    1.63

    2849.24

    Cost wold Burgundy

     

    97"

     

    1769

    1.63

    2883.47

     

     

     

     

     

     

     

    Tuscany Multi

     

    97"

     

    2162

    1.63

    3524.06

    Olive Check Rose

     

    71"

     

    2823

    1.21

    3415.83

    Olive Check Blue

     

    71"

     

    2155

    1.21

    2607.55

    Olive Check Green

     

    71"

     

    1776

    1.21

    2148.96

    Cost wold Burgundy

     

    71"

     

    2614

    1.21

    3162.94

    Flower Bottle Green

     

    71"

     

    2255

    1.21

    2728.55

    Tuscany Multi

     

    71"

     

    2482

    1.21

    3003.22



    Dyed Fabric

    Metres in Stock

    Cost per M

    Value

    60/61" Dyed Binding

     

     

     

     

     

    60x60  20/20 Sheeting

    Blue

    60"

    112

    0.95

    106.4

     

    Sage Green

    60"

    798

    0.95

    758.1

     

    Navy Blue

    60"

    455

    0.95

    432.25

     

    Tera Cotta

    60"

    731

    0.95

    694.45

     

    Espresso

    49"

    651

    0.95

    618.45

     

    Brown

    60"

    730

    0.95

    693.5

     

    Burgundy

    65"

    0

    0.95

    0

     

    Char Cole

    60"

    294

    0.95

    279.3

     

     

     

     

     

     

    Dyed Drill

    Cream

    60"

    200

    1.5

    300

     

    Off shade Cream

    A

    1348

    1.5

    2022

     

     

    B

    1698

    1.5

    2547

     

     

     

     

     

     

    (Un Printed)

    Burgundy

    60"

    300

    1.5

    450

     

    Off shade Brgdy

    A

    597

    1.5

    895.5

     

     

     

     

     

     

     

    Yellow

    60"

    350

    1.5

    525

     

    Blue

    60"

    622

    1.5

    933

     

    Tera Cotta

    60"

    398

    1.5

    597

     

    Red

    60"

    325

    1.5

    487.5

     

    Bottle Green

    60"

    183

    1.5

    274.5

     

     

     

     

     

     

     

     

     

     

     

    98,845.42


    and all other items and other movable property of every sort and description whatsoever now lying in and upon or stored at the Noori Road, Hambanawela, Deraniyagala in the District of Kegalle Sabaragamuwa Province of the Republic of Sri Lanka and in and upon any other go downs stores and premises at which the Company now is or may at any time and form time to time hereafter be carrying on business or in or upon which the said stock-in-trade merchandise effects and things raw materials work-in-progress finished goods and unfinished goods and all other items and other movable property f whatsoever kind or nature which shall or may at any time and from time to time and at all times be stored kept or lie and also the entirety of the said stock-in-trade merchandise effects and things raw materials work-in-progress finished goods and unfinished goods  and all other items and other movable property of whatsoever kind or nature which shall or may at any time and from time to time and at all times hereafter during the continuance of these present be brought into stored kept or lie in and upon the aforesaid go downs stores and premises and all or any other place or places or business into which the obligor may at any time and from time to time hereafter remove or carry  on his business or trade or store the said stock-n -trade merchandise  effects and things raw materials work-in-progress finished goods and unfinished goods and all other items and other movable property of whatsoever kind or nature including all the aforesaid property in transit to or from the aforementioned go downs stores and premises or places or business or awaiting shipment or clearance at the wharf or warehouses in the District of Kegalle in the said Republic

The Property Mortgaged To DFCC Bank PLC By:
SELTA (PRIVATE) LIMITED a Company duly incorporated in the Democratic Socialist Republic of Sri Lanka under the Companies Act bearing Registration No. PV 10716 and having its registered office in MAHARAGAMA (hereinafter referred to as ‘the Company’) has made default in payments due on Mortgage Bond No. 1800 dated 01/08/2006 attested by S M Gunaratne Notary Public in favour of the DFCC BANK PLC. (Successor to DFCC Vardhana Bank PLC)



Under The Authority Granted To Us By DFCC Bank PLC

We Shall Sell By

PUBLIC AUCTION

On Thursday 26th September 2019

Commencing at 11.30 a.m. at the spot


Mode of Payment

The Successful purchaser will have to pay the following amounts in cash at the fall of the hammer.

  1. 10% (Ten Percent) of the Purchased Price.
  2. 1% (One Percent) of the sales Taxes payable to the Local Authority.
  3. Auctioneer’s Commission of 2 ½ % (Two and a half percent only) on the purchased price plus applicable taxes on the commission.
  4. Total cost of advertising Rs.533,000.00
  5. Clerk’s & Crier’s Fee of Rs.1,000.00
  6. Notary’s Fee for condition of Sale Rs.2,000.00

The balance 90% of the purchased price together with any other statutory levies, duties, taxes or charges whenever applicable and imposed by the Government of Sri Lanka or any other authority to be payable within 30 days from the date of sale.
For further particulars please contact the Legal Department of DFCC Bank PLC on Tel: 011- 2371371


*The bank has the right to stay / cancel the above auction sale without prior notice

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Flagship Auction & Sales Facility

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