Swarnamahal Financial Services PLC Auditor Raises 'Going Concern' Doubt

Swarnamahal Financial Services PLC is a finance company. The Company is engaged in gold loan services, leasing, hire purchase, personal loans, mortgage loans and mobilization of fixed and savings deposits. Its segments include gold loan and other. The Company offers a range of savings accounts, which are designed for both corporate and individual customers. Its offerings include NORMAL SAVINGS ACCOUNT and MINOR SAVINGS ACCOUNT. Its MINOR SAVINGS ACCOUNT is branded as Kumara Kumari and offers a variety of gifts for minors. The Company also offers term loan facilities. The Company's branches are located at Jaffna, Bambalapitiya, Negombo, Nugegoda, Hatton, Ratnapura, Trincomalee, Vavuniya, Batticaloa, Kandy and Chilaw. Its pawning centers are located at Aluthgama, Gampaha, Ja-Ela, Ragama, Jampettah and Wattala.