• Slider 1

    Khanapara Warehousing Complex, At Khanapara Ri-Bhoi. Godown Capacity 5000 MT

  • Slider 2

    Shillong Warehousing Complex, At Mawlai

  • Slider 3

    Khanapara Warehousing Complex, At Khanapara Ri-Bhoi

Report of the Director to the Share Holders

Ladies and Gentlemen,

On behalf of your Directors, I have great pleasure in presenting the Fortieth Annual Report of the Corporation together with the audited Statements of Accounts along with the Report of the Comptroller Accountant General of India on the Accounts of the Corporation for the year ending on 31st March 2016. The financial performance and the progress made by the Corporation is highlighted below:-

Financial Report Income

Serial Number Particulars 2015 - 2016 2014 - 2015
1 Warehouse Charges
Rs. 58,41,367.00
Rs. 47,36,563.00
2 Interest
Rs. 13,01, 382.00
Rs. 12,90,632.00
3 Other Income
Rs. 11,002.00
Rs. 36,613.00
  Total
Rs. 71,53,751.00
Rs. 60,63,808.00

Expenditure

Serial Number Particulars 2015 - 2016 2014 - 2015
1 Establishment
Rs. 62,29,027.20
Rs. 59,01,000.70
2 Taxes
-
-
3 Depreciation on fixed Assets
Rs.   6,67,853.75
Rs.    7,69,325.68
  Total Rs. 68,96,880.95 Rs. 66,70,326.38
  Profit / Loss
(+)  Rs. 2,56,870.05
(-)  Rs. 6,06,518.38

Capital Structure

The Authorized Share Capital of the Corporation is Rs. 5.00 crores. The paid-up Share Capital of the Corporation as on 31st March 2016 was Rs. 3,36,12,400/-. Out of which the State Government held 2,13,562 shares of Rs. 100/- each and the Central Warehousing Corporation held 1,22,562 shares of  Rs. 100/- each. No matching Share Capital Contribution is released by the Central Warehousing Corporation to Meghalaya State Warehousing Corporation for the period 2005-2006 onwards.

Working Results

The average utilized capacity during the year under report was 98.928%. The revenue earned during the year stood at Rs.  58.41 lakhs as against of Rs. 47.36 lakhs of the preceding year.

Construction Programme

The construction of 2000 M.T additional godown at the existing Tura Warehouse Complex was completed and is fully utilized by private parties.

Presently the Corporation has the following warehouses located at different districts of the State.

Serial Number Name of Warehouses Constructed
1 Shillong, East Khasi Hills District
2500 M.T.
2 Khanapara, Ri-Bhoi District
4400 M.T.
3 Williamnagar, East Garo Hills District
2200 M.T.
4 Araimile, West Garo Hills District
4500 M.T.
5 Jowai, West Jaintia Hills District
1600 M.T.
6 Nongstoin, West Khasi Hills District
2500 M.T.
  Total
17,700 M.T.

Sundry Debtors

The outstanding and realizable storage charges against the storage space utilized by Food Corporation of India, and Railtel stands at Rs.  2.25 lakhs and Rs.  0.22 lakhs respectively. The Corporation is making earnest efforts to get outstanding Warehouse charges realized from the defaulting parties.

Meeting Of The Board And Executive Committee

During the year under report, two meetings of the Board of Directors were convened to transact the business of the Corporation. No Executive Committee Meeting was held during the year 2015-2016 as all matters pertaining to the working of the Corporation was taken up by the Board of Directors.

Auditors Of The Corporation

The Government of Meghalaya on the advice of the Comptroller Accountant General of India has appointed Ashoke Kumar Jalan & Associates, Chartered Accountant as Auditors of Meghalaya State Warehousing Corporation for the year 2015-2016..

Acknowledgement

Directors wish to express their thanks to the State Government and the Central Warehousing Corporation for their valuable and continued support and guidance. Directors also wish to place on record their deep appreciation to the officers and employees of the Corporation for their sincere and dedicated work done during the year under report.

For and on behalf of the Board of Directors
of the Meghalaya State Warehousing Corporation

Managing Director