Annual Report 2016/2017
Georgetown Chamber of Commerce & Industry
ANNUAL REPORT 2016/2017
Raise your Reputation Have a Voice Stand Out & Get Noticed Network Serving Guyana Businesses for over 127 years 1
Annual Report 2016/2017
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t Report emen2016/2017 sses ic Procur PublAnnual Busine in… in the right p n ste a n w mmissio do ew Co w n o l g s n i c ead nomi , creat direction – GCCI H ent eco n expanding r a build p p A Commission can own ies. l and President of the Georget focus o Chairman industr confidence among loca d g l and n ce mer u ti Com of is r o neurs Chambe sh CI international entrepre C ding ex f the areas rga, n G Doe a nu p Vish – x the stry, e Indu o es and in doing business with g in t three looked EU grant to boost export rea dustri believes that the swearin an aid tha rently being din s In l public sector to provide ess . loca e of s d cre ent H th ati n urem ve of the Public Proc 4 mon , Arts a uind are cur goods and services. in r- ustries, agro-processing e last 1 News, which o-processing the Commission is a step that c ithin th aieteur r He said that for g K w aid at are a Music. He s g done in w with getown intervie of the Geor and Local aft and is work bein r t C e n c e to help entrepreneurs are preparing r e Presid y there o-processing to Comm nu Doerga, tl f n o e of tap a US$226,195 grant that r r e r h benefitsthe Chamb (GCCI), Vis a of ag been Caribbean Developme the are s exploit the y ere has e of tr s th u t nt d a se In Bank (CDB) has give usines rmed th performanc b fi n . y o c tr n s e e to u has th d th t in in a the Georgetown Cham that own ted th ber of a slowd s. He sugges ranching Commerce and Industry sse nb e o in s s u s u c (GCCI) b ie fo it r v ti to c c se to enhance “export rea ic a diness of private ew econom n enterprises in creative ind out into ustries,
particularly music, arts and craft and agro-processing.”
That the right direction. efit commission will ben ies on Friday, Chair-man ate sector compan of privthe ent ernm Trade & Invest-ment Com who bid for Gov mittee racts. of the GCCI Lance Hin conterda said ds Yest said y, Doerga the participants would existence of the recthat the
tive Commission to be effec ate in it must seek to oper rnal exte of a manner void yists influences, politics, lobb or otherwise.
eive assistance to develop export development plans tha t would outline the strategies and actions required to successfully enter the targeted market.
At the launching of the project
Chamber partners w ith global companies for securi ty-related IT forum
Some of the country’s key public and private sector entities have registered to participate in a forum designed to secure a close-up loo k at securityrelated contemporary developments in information technol ogy designed to further safeguard their IT infrastructure. This newspaper underst ands that the forum, which will tak e place at the Marriott Hotel on We dnesday, May 4, is being hosted by two international companies, Fujitsu and Fortinet, in collaboration with the Georgetown Chamber of Commerce and Industry
(GCCI). The forum, the GCCI says, will provide participants wit h “an exclusive look at next-generatio n developments in Information and Communication Technology.”
The Chamber release says the company “delivers the mo st innovative, highest perform ing network security platform ”
h g wit eetin
m gent r u r o f calls rs r e b Cham king mete said CCI 6, r G a 1 r on p , 20 ambe
city
to make coconut Investment needed le – Doerga at the level of skills industry viab u look sident of the “If yo Pre Newly appointed of Commerce and Georgetown Chamber hnu Doerga, has Industry (GCCI), Vis ment is needed in est inv re mo stated that ut industry viable on order to make the coc in. once aga
CI President, based According to the GC coconut industry the , ics tist sta on recent tial to be the ten po in Guyana has the t export. However, country’s third larges er for Guyana to ord in t he noted tha s from such an efit start reaping the ben be adequate to ds nee re the industry, investment.
the rice we have developed in ntinuco industry, where you ins of rice ously have better gra higher being developed with that ed productivity. We ne in nt me similar type of invest e ar we if the coconut industry he ” ul, ssf to really make it succe stated.
Georgetown Chamber aiming to recruit
July on SMEs – CDB $$ to help finance 25 workshops over three years t a ber’s th Cham ent e h m t ge Businesses The efforts of the Georgetown Chamber of Mana sent 1 h owe city ov C e v i y t e n r Comme u h rce t and w Industry t c s (GCCI) o to er induct e $ 1 6 to orget and Indu led Ex mittee B e in l G i r a greater c numbers te e l of local n small e c m s and e a medium u o c c n o Th C er de n g ity C omm spon rday enterprises into the mainstream business Businesses of C ) yeste onsultatio d C a meetin corre n a operating I e c g r g h C in the ci n o t n sector i t i has led to its Membership Committee “As one of y C s n k a n s e e o ty owe th (G e ge r M l r s the leading p i u c ) e n M s C e ay n u n business r or C a h e o o an t t i being c d & t accorded e C increasin ity c gly y weighty C M m t u s ou for i ( support s ncil d c u (M o c g r e & or C s t ga C e nizations in ) over in th di in in responsibilities in the period ahead. $16.2 Guyana, with ed park ern at th billion in to ” of the r System the Chambe ou r s c r ts e r e is ta o t nding using its rates and th voice to urge prop oiced con pen tend matte rking Me e Georgetow the business v n Chamber of community an o a Pa wn”. e f s and o C om u to be… merce and Indu e to compliant,” geto stry (GCC a release failur s. Geor I) has called fr om s m th e e up on th GCCI said ro proc ay f a hiding to obto lighoationon.ur their civiemc yesterday. on ll Ha esterd ty Ci y Is g: in nd e Urban ve leas A re nowhere ’ grouses cil to discuss members - GCCI meeting coun the vendors had
of the he ongoing saga ed with challenges associat ed sense ects gov’t to avail 20% of creating an enhanc Georgetown Chamber exp ntown dow act in in er ed of ord vision contracts for SMEs as pro has own and creating CI) rget (GC Geo y ustr Ind r of Commerce and in the The Georgetown Chambe the provision in convivial spaces throw its weight behind ld take ring cou ensu signalled its intention to to ital ent country’s cap s Act that binds governm the 2004 Small Busines shortly as city m of 20 per cent of turn imu min ther a ano res yet secu or that the small business sect g their ed by the state. merchants seek to brin procurement contracts issu s to the attention of cern con ch k the laun Hotel on Thursday to mar the municipality. rga At an event at the Pegasus CI President Vishnu Doe
lication, GC of its Business Guyana pub t process that was ing a public procuremen said the chamber was seek but also one “that realizes e” enc rfer inte ue und not only “free from ld be supplied t of such procurement wou the promise that 20 per cen Es.”
what it Clearly animated by modest than re mo a is ses sen
port for level of public sup capital the of up cing a spru brations for the Jubilee cele nt David coupled with Preside ressed exp licly pub Granger’s rts, the support for its effo ahead municipality is moving to be with what often appears rd for less than sufficient rega blem of the consequential pro dors. scores of displaced ven
ac area On the sprawling tarm Stabroek immediately east of
Market orately, spread themselves elab rating ope es tiqu bou ift makesh roadside cheek by jowl with cellular vendors offering cards, phone top-up and There bread and cigarettes. of es plac t des mo were offering entertainment, too, beer and loud music.
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VishnAnnual u DoerReport 2016/2017 of George ga new President town Cha Vishnu D mber oerga of Doerga Busines
ed lect
for
GCCI, CDB project aims at upgrading business supp ort groups
mCha town il from e g r c eo coun he G s Enterp 24, t ember of ANSA h c rises ha r - agro-processing, arts m been elec a M cAl Trad s ted as th Limited nM ing targeted for training an a 21 e new (Guyana) President , ing o elected d t of the Geo elected e tec w indsical support hn as e ) rgetown H m Chamber I Senior e l C c a of C President, V Lan Onadma ener stry (GG en. Nicholas Bo iceIndustry (G ommerce and e g r l a a P National yer of CCI). s dn nu du Har cted nauth,Ch sWe n, esday, the Georgetown their needs and e cho d In ts an was electe dware Limited e ele r ober how those can be tteam d as Juni Following ing i erce an ive will b thos mal Ram en PaInd in of Commerce and satisfied. w or Viceo d the electio President, l a i l t m a , Nryv k(G n of the Fo A new 21-m CI s wis, Ko d, Colle prianiust er,CCI) took an Com ew execu C Grant was llison Buttersember C f c o G u e ha elected Se council n Ci imopo y Tnt step s L Persau ber the hrta cretary for 2016 mber and Shan nifer h the Dori i day, /17 on m t ources towards placing The ability of the GC ti Persau March 24 d was , th elected at the dis ester s Boyer, , Shant erin, Jen laire, Tiits linres CI to rea whic . y e as Treasu the new ex e election of s nk small businesses and posal out to deficient sectors der ch rer. The immediate ec is-G raof hola . Ram ett-B relea ives sister on Monda utive occurred past pres to from the significan ress erga, Nic topher R n Franco ne Benn osalyn F business sup h p y. A releas is Lance ident t a 4 t steps it has e the GCC Hinds of In ril port organisations, taken in Do , Chris ant, Jea Christi t and R pof I yesterda from BrainStree A u sta Th gin enh e n g n anc ing its profile at a forum designed t Group. y said that Padm Vish beharry Eon Gr -Grant, Lamber ed o a Kunjbe s elect determine how the chamber to the domestic and external levels harry e je t, l be can Kun Stewar n Butter n, Aniji l i as an wo effe w rk ctiv with them to det e business support a n o ermine ittee Daw ad, Allis man Kh organisation. mm I h nt co e Pras at Indar, m age d man Deo tive 16/17. u c e 0 ex ear 2 new The for the y e enda serv n’ getown Chamber’s ag or Ge oratio b a ll o tive c owth uppor driving membership grup this year bers ‘s m a h r lC 14 businesses to sign mbe giona – Muneshwer’s among n Cha ing re rgetow Doerga o - offer e G the hnu iness housI) Vis ent of ollabo by the APAt a time when local bus Presid ustry (GCC effective c n the Calls, unheeded so far d aware e t n c u i t for a averse to openly frownd le s a r not ion e n y are trat h o es I inis a t t adm s ly c C d s r +AF e s New merce an k Busine h say is the under- NU ate s tina-te secto oms w titthey iv n cust wha r g s, o on rate in p ing c VAT iv ss e of r d m u d g lowerin be discperformancth s support of Co the Stabro rnment an my forwar-p ector is more h e eof busines uncil will s o e ic o lenecks and the need for ld C h v bott e n o y w t o t o it rgex a g Geo c C s ta the e iv d a an h en iner organizations (BSOs) pr the small y’s betwe government support for wn Mayor tor a $25,000 conta at the ountr merce and ration take the c the fact th rtnership. The Georgeto c town Chamber of Com se sector are high on the e s ines at . bus v d a o ri y te eves t p p beli b it men the of the Industry (GCCI) says quest e affected n unequal da of issues over which been imple members b a n ing ever closer to agenines daisis siomov as already h ity frets frequentitsoagen s mun m ues to er half ” of y com s m sa l bus C ci ds r Chneeam coun th e of the critical e Secto meetingmsom bely. But the Chamber’s President “the o the Privat a ber of
e ncil u o c r New hambe C City
shing u p t n e Presid drive I C C p er tax n i a t New G embershi n o c ,000 m major y says $25
Cit in force
h r Presi of ity. Chairman of the GeorgetownofCthe business commun ince dent a ording to n t t en d i d v si . re a e g P This is acc s er d o n a f D o er u y n r o h B startup vocates tax SLED ie CCI) Vis (G (PSC) Edd ry e st u s n i trepre ce and Ind neursh n light of mmerof Agains Coms for t w ne on i off p t ld h ho e bac push of Gov’t has to k govern drop Stabr a s nt de s esi e Pr r r ment’s oek Bu tive tax – city chambe adv sin would entrep sales reneur ocacy of be use ess that it - cites complaints of reduced fu s h a e ip m p p r comment, removingGuyaloyment optio as an just ior understal ntodinsecure in n ke ta ers In an invited s own ep st ss l ine al bus s h w Sm n nes Wit ha g broek New f ion Doerga told Sta veness – Georgetowe,nPresident of thoer are for t ptuhe incentiveosf ti complaining of a reduct ti pe m ment should also ern co gov t to tha rs ie the rr of Ch rs entrep Comm in sales, President measures ba reneur uing the erce a amber of of put a hold on “other ial opt nd Ind V t cos Georgetown Chamber is the se r h cau be ion. n ld m u Do e u Cha (GCCI) that wou Inc cerns rga ha stry Commerce cost of doing -crime, skills shortage still big con or ng livi s of the t old Vishnu Doerga says rease at this government APNU+AFC new should “hold off on ” n. atio tax of forms
business to inc point in time.”
Patience needed for ec onomy growth
-GCCI President Do
ers country’s critical barri Removing some of the e tiv eti mp co internationally to the realization of an on y nc ge ur ater sense of economy requires a gre c and private sectors, the bli pu the parts of both the try of Commerce and Indus Georgetown Chamber . broek Business (GCCI) has told the Sta Public Servants
wage increase… ost the GCCI says increase will bo economy
erga
With growing com plaints of reduced nomy spending As the issue of the eco and a seemingly burner, sluggish economy, ntfro the on s ain rem President of the Georgetow etown n Chamber of ity President of the Georg ComC merceChamber urges added-value shChamber of Commerce and and Industry (GCC ift to hnu Doerga, said I) Vishnu Doerga says coth matbat economic slump significant growth Industry, Vis in the economy cann cent ot ha -ad yesterday that the 10 per overnight and urge ppvis es cit en izens to get prepared for d patience. indirect oil jobs wages increase offered to the
will
a Georgetown public servants of Guyan Chamber economy. the of st boo to sta ve rte ser d Commerce three to four years and ago Industry and it this pronouncecoincided with th Doerga made (GCCI) President e drop Vishnu in comm Doerga says that odity prices, espec given the last in ially co mmodities like ric four years of slum ping business, su e and gar,” Doerga told there is need for a press a shift from co nference on Tuesda revenue dependen y. ce on local commodities to va lue adding.
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“…this
decline
in
business
monthment at the chamber’s ording Acc . nce ly press confere increase to the President, the effect. will have a multiplier benefit He explained that the that the of wage increases is into the k bac nt money is spe economy.
Contents
Annual Report 2016/2017
Mission.Vision.Values.
Pg. 4
Affiliate Organizations
Pg. 22
Executive Director’s Remarks
Pg. 5
Membership at-a Glance
Pg. 23
President’s Message
Pg. 6
Workshop and Events
Pg. 29
Past Pg. 8 Presidents
Annual Gala Dinner Pg. 33 & Awards Ceremony 2016
Notice of 127th AGM 2017
Pg. 9
Meetings Pg. 36
126th AGM Overview
Pg. 12
Auditor’s Pg. 40 Report
Organizational Chart
Pg. 16
Thank You to Sponsors
Pg. 57
Engage.Influence. Achieve.
Pg. 18
Membership Listing
Pg. 62
Tribute to the Late Eon Caesar
Pg. 74
Media Pg. 21
Georgetown Chamber of Commerce and Industry Annual Report March 2016- February 2017 156 Waterloo Street, North Cummingsburg Georgetown, Guyana (592) 226-3519, 225-5846 and 227-6441 gccicommerce2009@gmail.com
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Annual Report 2016/2017
Mission.Vision.Values.
Mission The Georgetown Chamber of Commerce and Industry is committed to the enhancement of community prosperity through advocacy, access to leaders, economic development, connectivity and business education.
Vision
To be Guyana’s leading business organization, providing maximum opportunity and value to those who participate by being the driving force behind business people, living, learning and growing together in a rapidly changing business environment.
Organisational Values
The Georgetown Chamber of Commerce and Industry has embraced the following institutional values to direct our governance and activities: 1. Excellence Meeting the highest expectations. 2. Stewardship Respecting and protecting community resources. 3. Integrity Demonstrating honestly and trustworthiness in action and intent. 4. Vision Imaging the possibilities. 5. Inclusiveness Respecting and valuing broad participation in community dialogue and decision-making. 6. Courage Acting with strength of conviction even in the face of adversity.
Staff Values In order to serve the members at the best possible level, the Georgetown Chamber of Commerce and Industry team holds itself to the highest standards of excellence, actively embracing the following staff values: 1. Accountability Being responsible to ourselves, each other and to the organization. 2. Creativity Thinking about different ways to doing things. 3. Honesty Communicating the facts without judgment or bias. 4. Respect Acknowledging each other’s value and contribution. 5. Teamwork Working together cooperatively towards a common goal. 6. Trust Believing in each other’s success and ability.
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Annual Report 2016/2017
EXECUTIVE DIRECTOR’S REMARKS
“On behalf of the staff and the Councilors of the Georgetown Chamber of Commerce and Industry, I thank you for your support and commitment throughout the year. Your active participation is vital to ensuring that our Chamber remains Guyana’s strongest business network.”
Welcome. It is my pleasure to present the Georgetown Chamber of Commerce and Industry’s Annual Report for the period 2016/2017. We hope to inform you, inspire you and excite you about the commitment of the Chamber to the growth and prosperity of the business community in Guyana. As you will see, 2016 was another successful year for us and we would like to thank you for your support. An assessment of our activities and achievement, many of which are identified in this report, indicates that our goals to advocate for public policies that foster economic growth, increased productivity, job creation and an innovative private sector has never been more important, despite the bumpy economic ride many of our members experienced during the past year. As 2016 closes, our mind turns to 2017. We approach it with enthusiasm for the task, knowing that not only is the work of our Chamber incomplete, but ever more important is that we are to lift productivity and competitiveness and keep our business organization at the forefront of service provision. As a result, we are committed to helping you make the most of those opportunities, helping you to grow your business, expand your network and increase your business knowledge. On behalf of the staff and the Councilors of the Georgetown Chamber of Commerce and Industry, I thank you for your support and commitment throughout the year. Your active participation is vital to ensuring that our Chamber remains Guyana’s strongest business network. We look forward to seeing you at the many events we will be running over the course of 2017, and to hearing your voice as we continue to campaign to build on Guyana’s strengths as our economy returns to growth.
Krysten Sewett Executive Director
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Annual Report 2016/2017
PRESIDENT’S MESSAGE Our Chamber has significantly improved its position from just a few years ago when we were in significant deficit, membership was stagnant and value to members was limited. Due to our team adding value to themselves and therefore adding value to the organization, we have now returned to a position of financial soundness. In 2015, the Chamber experienced a positive change regarding its surplus, in comparison to that of the prior years. In 2016, this trend was maintained with a surplus of $5.7M, an impressive increase of three hundred and sixty three percent. This was achieved with a team of an average age in the low twenties, and a Council and Executive that contributed numerous hours and days of their lives-hours and days that they could have invested in their own businesses. We thank them sincerely for their contributions, for without these contributions we would not have been in the position we are in today. There was significant growth in membership with 38 new members joining the Chamber in 2016, signaling a 25% increase in membership. But this growth has not come without its own challenges. As people and organizations get better, their consumers will also continuously expect better. Their level of sophistication will continue to evolve and their demands become drivers of organizational development. The Chamber has eagerly responded to this by focusing on a number of initiatives, including capacity building programs for our members such as Conversation Circle, a mentorship program sponsored by Republic Bank (Guyana) Limited in 2016. This program attracted over 100 entrepreneurs, who benefitted from the guidance of experienced Chamber members. In partnership with Scotia Bank, the “Vision Achiever” program continues to highlight businesses and provide them with the necessary knowledge and prize money to stimulate entrepreneurship interest. In keeping with our mandate to contribute to a thriving economy, the Chamber also focused on building competitiveness and nurturing the spirit of innovation and entrepreneurship in Guyana’s private sector. Our relationship with regional partner, the Caribbean Development Bank (CDB), strengthened and we were able to secure two grants from the CDB which are aimed at increasing the export readiness of enterprises within creative industries, and
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“This is up to every single one of us. The Chamber’s role is clear, we must be an economic driver for private sector and national development. We must make hard and sometimes, unpopular decisions, but we must also listen and take corrective action when necessary. As we continue down this developing path, let us take a moment and think about where we want to be in the next fifty years. Let us roll our sleeves up and let us get to work.”
also, enhancing the capacity of business support organizations (BS0s). Each project comprised of workshops, training and oneon-one consultancies offered to businesses within the arts & crafts, agro-processing and music industries. In the past year, the Chamber also signed an MOU with CUSO International, the Small Business Bureau (SBB) and GeoTechVision Guyana for the establishment of a local Business Incubator which will provide valuable support to start-up business by offering resources such as training and affordable office space. Also noteworthy is the Chamber’s Inaugural Security Forum & Expo. In an effort to encourage our members to take the security of their businesses into their own hands, we invited a number of reputable firms within the traditional and cyber security sectors to exhibit their products and services, and give presentations outlining various security solutions. Many of our sectors, new and prospective, require a facilitating environment in order to flourish. The Chamber is embarking on a path where we can be that partner in development that adds our contributions at the planning stage towards creating a clear vision and a clear path to success. Our budget for 2017 is premised on the achievement of growth in revenue while ensuring that costs are controlled. We fully expect to achieve our target of a $10.8Mn surplus. Continuing to increase membership and conducting workshops geared to promote business in Guyana will be the main contributors to achieving revenue growth. As we develop the capacity to become a stronger player we would like to focus on the following:
-
stronger advocacy which becomes a very loud signal for those in power to take corrective action
-
A tax structure that reduces the burden and incentivizes
growth for the compliant whilst pursuing those who escape the net.
-
Development of legislation and regulations that create opportunities to lift many out of poverty and towards a better life.
Annual Report 2016/2017
While early budgets are admirable, timely spending of such approved budgetary measures will provide a needed financial stimulus to energize our economy. Our organization is on a constant quest for better results, and we will update and upgrade our human resources to be able to deliver these results. Likewise, at every level in the government, human capital needs to be updated and upgraded, trained/developed or replaced with better. If we were to peer into the future, we would all agree that transformation is inevitable. Guyana will be transformed, but will it be a wealthy, prosperous state or remain the land of much “potential�? This is up to every single one of us. The Chamber’s role is clear, we must be an economic driver for private sector and national development. We must make hard and sometimes, unpopular decisions, but we must also listen and take corrective action when necessary. As we continue down this developing path, let us take a moment and think about where we want to be in the next fifty years. Let us roll our sleeves up and let us get to work.
Vishnu Doerga President
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Annual Report 2016/2017
THE GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY ESTABLISHED 1889 INCORPORATED 1890
PRESIDENTS FROM 1889 TO 2017 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49
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A. Barr T.H. Glennie G.H Richter A. Weber A.P.P Mackey George Garnett E. M. Sanderson A. Summerson C. G. A Wyatt C. W. Prest A. P. G Austin A. P. Sherlock C. Martin-Sperry C. Farrar T. H. Dalgliesh M. B. G Austin F. H. Martin-Sperry Jules Pairaudeau F. A. Mackey H. G. Seaford, O.B.E J. I DeAguiar, C.B.E W. j. Raatgever, C.B.E. LT. Col. E.J. Haywood, M.B.E, T.D J. St. F. Dare W. M. Green LT. Col. C.M. Bernard, O.B.E, E.D E. S Stoby O.B.E H. L. Steele G.W.E Cooper, O.B.E John Jardim M. B. Gajraj S.M.V Nasseer A.R Yhap A.A, O.B.E N.O. Gonsalves E.P. Christiani W.G McKenzie Denis E. Moore John S. De Freitas Hansel W. Barrow Denis E. Moore, A.A Manniram Prashad Edward Boyer Capt. Gerald Gouveia Col. (ret) Carl B. Morgan Chandradat Chintamani Komal Ramnauth Clinton Urling Lance Hinds Vishnu Doerga
1889 - 1890; 1892 1891; 1894 1893 1895-1896 1897 - 1898; 1903 1899 - 1900; 1905 - 1907; 1912 - 1913 1901 1902 1904; 1908 - 1911 1914 1915 - 1916 1917 - 1918; 1924 1919 1920 - 1922; 1927 1923; 1925 - 1926 1928 1929; 1934 - 1935; 1940 - 1942 1930 1931 1932 - 1933; 1939; 1943 - 1944; 1949 - 1950 1936 - 1938; 1951 1945 - 1948 1952 1953 1954 - 1957 1958 1959 - 1960 1961 - 1962 1962 1963 - 1965 1966 - 1967 1967-1968; 1968 - 1969 1970 - 1972 1973 - 1977 1978 - 1982 1983 - 1988 1989 - 1992 1992 - 1993 1993 - 1994 1994 - 1995 1995 - 2001 2001 - 2005 2005 - 2007 2007 - 2008 2008 - 2010 2010 - 2012 2012 - 2014 2014 - 2016 2016 - 2017
Annual Report 2016/2017
GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 127th Annual General Meeting of the Georgetown Chamber of Commerce & Industry (GCCI) will be held on Thursday, March 16, 2017 at the Roraima Duke Lodge, Victoria Hall, Kingston, Georgetown at 14:00 hours for the following purposes: Agenda •
Reading of the Notice convening the Meeting
•
Presentation of the President’s 2016 Report
•
Auditors’ Report and Financial Statements for the year ended 31 December 2016
•
Resolutions
•
Election of the 2017/2018 Council
•
Appointment of an Auditor
•
Consideration of any business or motion as may properly come before the meeting
All members are reminded to be in good financial standing with the Chamber.
BY ORDER OF THE COUNCIL
Krysten Sewett Executive Director February 24, 2017 156 Waterloo Street, North Cummingsburg, Georgetown, Guyana, South America Telephone: (592) 225-5846/226-3519/227-6441 Email: gccicommerce2009@gmail.com
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Annual Report 2016/2017
TSD LAL & CO. formerly Thomas, Stoll, Dias & Co. a partnership founded in February 1966 by the late Wilfred Goulding Stoll, FCCA, CCH. Previously a Deloitte Member firm for 20 years. The firm is an approved ACCA Employer at the Gold Level and a Quality Checked firm. Our mission is to help our clients and our people excel in delivering the best assurance and advisory, tax and consultancy services. Managing Partner: Ramesh Lal, FCCA Partners: Saeed Rahaman, FCCA Mark Chu- a-Kong, FCCA
77 Brickdam, Stabroek Georgetown Guyana Tel: 592-226-3226-8 | 225-0846 |Fax No: 592-225-7578 Email: drt@networksgy.com | www.tsdlal.com
10
Annual Report 2016/2017 Guyana Bank for Trade & Industry Limited
Serving you across Guyana and the world for over 180 years
High & Young Streets, Kingston, Georgetown, Guyana, South America Tel.+592-231- 4400-8 www.gbtibank.com | banking@gbtibank.com
Regent St., G/town
Corriverton, Berbice
Anna Regina, E/bo Coast
Parika, E.B.E
Lethem, Rupununi
Providence, E.B.D
Diamond, E.B.D
Port Kaituma, North West District
Port Mourant, Berbice
Bartica, Essequibo River
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Annual Report 2016/2017
126th Annual General Meeting (AGM)
The Georgetown Chamber of Commerce and Industry (GCCI) held its 126th Annual General Meeting (AGM) on Thursday, March 24, 2016 at the Pegasus Hotel, Kingston, Georgetown, Guyana. Following the opening ceremony, twenty seven (27) members were elected to vie for the twenty one (21) member Council for the year 2016/2017.
No.
12
Nominees:
Proposed by:
Seconded by:
1
Vishnu Doerga
Padma Kunjbeharry
Allison Butters-Grant
2
Lance Hinds
Vishnu Doerga
Nicholas Boyer
3
Padma Kunjbeharry
Nicholas Boyer
Lance Hinds
4
Nicholas Boyer
Vishnu Doerga
Roslyn Franklin
5
Shanti Persaud
Silia Wallerson
Padma Kunjbeharry
6
Allison Butters-Grant
Padma Kunjbeharry
Vishnu Doerga
7
Gary Thompson
Alison Butters-Grant
Silia Wallerson
8
Komal Ramnauth
Padma Kunjbeharry
Lance Hinds
9
Ewart Adams
Gary Thompson
Vishnu Doerga
Annual Report 2016/2017 10
Eon Grant
Roslyn Franklin
Lance Hinds
11
Deodat Indar
Lance Hinds
Navin Prashad
12
Iman Khan
Komal Ramnauth
Kester Hutson
13
Dawn Stewart
Komal Ramnauth
Doris Lewis
14
Navin Prashad
Komal Ramauth
Randolph Williams
15
Timothy Tucker
Doris Lewis
Vishnu Doerga
16
Doris Lewis
Lance Hinds
Vishnu Doerga
17
Kester Hutson
Komal Ramnauth
Randolph Williams
18
Jean-Francois Gerin
Vishnu Doerga
Komal Ramnauth
19
Christopher R. Ram
Navin Prashad
Nicholas Boyer
20
Colleen Patterson
Lance Hinds
Padma Kunjbeharry
21
Jennifer Cipriani
Padma Kunjbeharry
Vishnu Doerga
22
Christine Bennet-Blair
Gary Thompson
Kester Hutson
23
Anije Lambert
Vishnu Doerga
Padma Kunjbeharry
24
Premendar Parsan
Vishnu Doerga
Shanti Persaud
25
Marlon George
Vishnu Doerga
Randolph Williams
26
Alfonso De Armas
Navin Prashad
Jean-Francois Gerin
27
Rosalyn Franklin
Eon Grant
Vishnu Doerga
Notes: • The following members were nominated in their absence: (i) Colleen Patterson; (ii) Jennifer Cipriani and (iii) Iman Khan. • Mr. Komal Ramnauth moved the motion to close nominations and it was seconded by Ms. Padma Kunjbeharry.
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Annual Report 2016/2017
Since there are only twenty one (21) seats on the Council of the Chamber, (Rules: Section 8:1) voting papers and a voting register along with a locked ballot box were prepared by the Office of the Chamber (Rules: Section 8:3) to allow members to vote on the twenty seven (27) nominees for the section of the twenty one (21) members of the Council for the year 2016/2017 at the meeting. Thereafter, the locked ballot box was opened and the votes were counted. The following members were elected as the new Council of the Chamber for the year 2016/2017.
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No.
NAME
ORGANISATION
1
Lance Hinds
The BrainStreet Group
2
Vishnu Doerga
Doerga Business Enterprises
3
Nicholas Boyer
National Hardware Ltd.
4
Doris Lewis
The Gift Centre
5
Komal Ramnauth
Kojac Marketing Agency
6
Padma Kunjbeharry
Ansa McAl Trading Limited
7
Christopher R. Ram
Ram & McRae
8
Shanti Persaud
Silvie’s Variety Store
9
Colleen Patterson
Grace Kennedy Remittance Services
10
Dawn Stewart
Lykens Funeral Parlour
11
Eon Grant
Republic Bank (Guyana) Limited
12
Jean-Francois Gerin
Amazon Caribbean Guyana Ltd.
13
Jennifer Cipriani
Scotiabank
14
Navin Prashad
M.P Insurance Brokers & Consultants
15
Allison Butters-Grant
Global Seafood Distributors
16
Christine Bennett-Blair
Camex Restaurants Inc.
17
Timothy Tucker
Rid-O-Pes
18
Deodat Indar
Sterling Products Limited
19
Iman Khan
Corum Distribution
20
Anije Lambert
Project Development Consultancy
21
Rosalyn Franklin
Guyana Oil Company
Annual Report 2016/2017
In keeping with Section 9, 1 (a) of the Rules of the Chamber: the duly elected Council shall elect out of its own body an Executive Management Committee comprising a President, a Senior Vice-President, a Junior Vice-President, a Treasurer and a Secretary. Following the election of the Council of the Chamber for the year 2016/2017, on Thursday, March 24, 2016, the Council held its first Statutory Meeting on Thursday, April 21, 2016 to elect out of its body its new Executive Management Committee for the year 2016/2017. The following Councilors were elected on Thursday, April 21, 2016 as the new Executive Management Committee of the Chamber for the year 2016/2017.
1 2 3 4 5 6
No.
Name Vishnu Doerga Padma Kunjbeharry Nicholas Boyer Shanti Persaud Allison Butters-Grant Lance Hinds
Appointed Position President Senior Vice-President Junior Vice-President Treasurer Secretary Immediate Past President
Company Doerga Business Enterprises Ansa McAL Trading Limited National Hardware Ltd. Silvies Variety Store Global Seafood Distributors The BrainStreet Group
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Annual Report 2016/2017
ENGAGE. INFLUENCE. ACHIEVE.
As the Voice of Guyanese Businesses, we research and develop initiatives in consultation with our members in order to influence change that benefits businesses. Critical to our efforts is the work of our committees who are committed to ensuring the economic and political environments in which our members operate support and encourage business success.
Trade & Investment Committee
Advocacy Committee
Chair: Lance Hinds
Chair: Vishnu Doerga
Terms of Reference • To liaise with the Ministry of Foreign Trade and International Cooperation (MOFTIC) on matters relating to the WTO, FTAA, EU / ACP, EPA and CARICOM. • To liaise with the Ministry of Tourism Industry & Commerce and GOINVEST on matters related to Trade & Investment locally. • To ensure that the interest of the Chamber Members and the local Private Sector are adequately represented at the various forums. • To keep the Membership of the Chamber informed on a regular basis about any interesting developments in the areas being monitored.
Terms of Reference • To articulate members’ concerns in a unified voice attracting policymakers’ attention. • To meet regularly with decision-makers to discuss key policy issues and establish channels of communication and close working relationships with their staff. • To provide sound policy-relevant information to policymakers so that they may start automatically turning to business associations for policy advice. • To engage in both proactive and reactive advocacy (help to set the policy agenda by voicing concerns and proposing specific policies as opposed to only reacting to proposals already on the table). • To keep abreast of imminent and current policy proposals so that they can thoroughly examine the
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• • •
issue and prepare a sound policy response. To help prevent frequent changes to the businessrelated legal and regulatory framework that scare away investors and hinder entrepreneurship. To monitor implementation of advocated policies to ensure that they are administered fairly, consistently, and swiftly, thereby strengthening the rule of law. To publicize successes to “brand” the association as an active agent of positive change.
Membership Committee
Annual Report 2016/2017
• • • • •
Chair: Anije Lambert Terms of Reference • To ensure that all members of the Chamber abide with required rules and regulations. • To seek new members with quality for the Chamber in order for the Chamber to remain financially viable and be a unified voice for the Business Community. • To make recommendations to Council on all applications for Membership. • To ensure that the members interest and concerns are adequately addressed by the Chamber. • To keep the Chamber members informed on a regular basis about any interesting developments in the areas being monitored.
Finance Committee Chair: Shanti Persaud Terms of Reference • To liaise with Government on Financially-sensitive issues of importance to the Chamber’s Membership. • To ensure that the Chamber remains financially viable in the short to medium terms. • To ensure that the budgetary controls in place at the Chamber are followed. • To seek donor & other funding for the Chamber’s Secretariat. • To liaise with bilateral and multilateral donors on matters associated with the Chamber. • To keep the Chamber members informed on a regular basis about any interesting developments in the areas being monitored.
Fundraising Committee Chair: Executive Management Committee Terms of Reference • To ensure that the Chamber remains financially viable in the short to medium term. • To coordinate the planning of any fund raising and
•
promotional initiative such as Annual Dinner, Luncheons (Speaker Programs) etc. To plan & coordinate Promotional activates for the Chamber so that Businesses can view the Chamber as having a unified voice for the Business Community. To develop a Public Relations Strategy for the Georgetown Chamber of Commerce. To ensure that timely communications are sent to members on matters of importance to the Chamber and the Business Community. To notify the general public through Press Releases. To work in collaboration with other Sub-committees to produce educational and informative material, this will be of benefit to the Chamber Members. To keep the Chamber Members informed on a regular basis about any interesting developments in the area being monitored.
Security & Governance Committee Chair: Nicholas Boyer Terms of Reference • To review, upgrade and modernize the Chamber’s Constitution with a view of making it more transparent and relevant to today’s Business Environment. • To develop a team that can mediate / advise and otherwise interact with our national security network on issues relating to crime. • In cooperation with the Public Relations Sub-Committee, develop educational materials that can assist members of the business community to be better prepared to handle everyday crime: robbery, kidnapping, etc. • To keep the members of the Chamber informed on a regular basis about any interesting developments under its preview. • Liaise with the Guyana Police Force and other relevant authorities at least every three (3) Months to discuss matters of concerns for the Business Community.
Human Resources Management Committee Chair: Padma Kunjbeharry Terms of Reference • • • •
To oversee recruitment, interchange, selection for jobs, talent management and succession planning. To shape local staff policy and create diversity in human resources operations. To oversee pay, pensions and rewards. To oversee performance management and appraisals.
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Annual Report 2016/2017
Green Economy Committee Chair: Jean-Francois Gerin Terms of Reference • • •
•
To assist in reducing environmental risks within the business community and to aim for sustainable development without disregarding the environment. To assist in the development of environmental best practices and green business tools. To empower Chamber members and the local business community to become environmentally aware by providing information and methods that are in accordance with sustainable ecological practices. To suggest programs and recommend policy and legislation amendments that contribute to sustainability, and to interface with other sectorial bodies to foster environmental awareness and further common goals.
Facilities Committee Chair: Komal Ramnauth Terms of Reference • • • •
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To determine the professional design and consultant services necessary to complete the Chamber’s Building Project. To put in place processes necessary to select the professional design and consultant services necessary to complete the Building Project. To ensure that planning and design processes are established to define and accomplish the objectives of the Building Project including building location and design. To ensure that the Building Project cost, scope, schedule and risk are appropriately managed. The Chamber members and professionals in the area of construction shall provide relevant information and documentation as necessary to facilitate participation and discussion at meetings of the Committee.
Media
Annual Report 2016/2017
The Georgetown Chamber of Commerce and Industry has strengthened its position as the leading voice of business, using public advocacy to help advance our policy objectives. The Georgetown Chamber has maintained a presence across print, broadcast and social media in an effort to keep the public up to date and aware of developments, trends and issues affecting the private sector. The Chamber has also publicized its assessments of Government policies in keeping with its mandate to explain how policies will affect people in their role as business operators, employees, taxpayers, shareholders and consumers. Members of the Georgetown Chamber’s Executive Management Committee undertook various media interviews during the year 2016 to discuss pressing matters of the
business community. In the year 2016, the Georgetown Chamber also issued a number of press releases on topics including capacity building opportunities available for SMEs, foreign investment, national budget review, tax reform and security measures for business operators. The Georgetown Chamber has also expanded its social media presence through increased activity on our Facebook page. The Chamber is taking advantage of social media innovations such as Facebook Live to promote our seminars, workshops, trainings and other initiatives aimed towards the development of the private sector.
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Annual Report 2016/2017
Affiliate Organisations Caribbean Development Bank Improving Competitiveness in Guyana and Strengthening of SMEs to increase NonTraditional Exports The Georgetown Chamber of Commerce and Industry (GCCI) has received a grant of USD 226,195 from the Caribbean Development Bank (CDB) towards the cost of improving competitiveness in Guyana and strengthening of small and micro enterprises (SMEs) to increase non-traditional exports. The grant is provided through the CARIFORUM-EU Economic Partnership Agreement (EPA) Standby Facility for Capacity Building under the 10th European Development Fund (EDF). The grant resources will be used to enhance the exportreadiness of enterprises in creative industries particularly music and art and craft, as well as in agro-processing. The project also seeks to build the capacity of business and trade support of business organizations to deliver value-added support services to the targeted industries. CDB, through its funding, seeks to assist Guyana’s most export-ready enterprises operating in the identified industries to improve their business and production practices and product quality in line with the market requirements in the European Union (EU), CARIFORUM and French Caribbean Outermost Regions (FCORs)/Overseas Countries and Territories (OCTs) markets. Participating enterprises and musicians will receive assistance to identify specific “best bet” trade opportunities, particularly those made possible through the EPA. Participants will receive assistance to develop Export Development Plans which will outline the strategy and actions required for them to successfully enter or deepen their penetration of the targeted markets. The project is expected to develop and initiate implementation of approximately nineteen (19) Export Development Plans and three-year Export Development Strategies and Action Plans for the three industries. The project will positively impact the quality of goods and services produced by participants as well as the capacity of firms to identify market opportunities and
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meet market demands in the EU, CARIFORUM and FCORs/ OCTs. Also, the supporting business organizations within each sector will receive training to enhance their capacity to use the marketing information and the results of the export-readiness assessment to lead the implementation of the three-year Export Development Strategy and Action Plan for their particular industry. The Georgetown Chamber of Commerce and Industry (GCCI) has partnered with several other agencies and is currently collaborating with regional and international development partners to deliver services critical to the growth and development of Guyana’s private sector. The project has commenced and is expected to conclude on March 16, 2017. The CARIFORUM-European Union (EU) Economic Partnership Agreement (EPA) & The Caribbean Single Market & Economy (CSME) Standby Facility focuses on capacity building in the region.
Annual Report 2016/2017
Enhancing the Capacity of Micro, Small and Medium-Sized Enterprises in Guyana The Caribbean Development Bank (CDB) is mandated to contribute to the sustainable economic growth and development of its Borrowing Member Countries (BMCs). One of the Bank’s Strategic Objectives, in this regard, is to Support Inclusive and Sustainable Growth and Development with an accompany Corporate Priority being to Promote Private Sector Operations that seek to enhance the viability of Micro, Small and Mediumsized Enterprises (MSMEs). The Caribbean Technological Consultancy Services (CTCS) Network, which was established in 1982 and currently managed within the Bank’s Technical Cooperation Division (TCD), is one of the Bank’s principle technical assistance (TA) programmes directed towards the development of MSMEs in it BMCs. The CTCS Network is the mechanism by which the knowledge and skills of Regional experts can be mobilized and their proficiencies adapted and transferred in order to meet the needs of MSMEs. These are entities operating in the various sectors in BMCs which have limited access to such expertise which are needed to strengthen their capacity to be more responsive to market opportunities.
Against this background, CDB’s TCD, through its CTCS Network, has established a formal relationship with the Georgetown Chamber of Commerce and Industry, through a Letter of Agreement to strengthen the coordination, monitoring and evaluation of CTCS activities in Guyana. In this regard, GCCI will act as the hub for the CTCS Network programme and is fully responsible for the coordination of the three (3) year programme. •
The programme aims to enhance the managerial, technical and operational capacity of MSMEs in Guyana, thereby contributing to increased productivity, profitability and competitiveness.
•
The expected results at the impact level are enhanced competitiveness and sustainability of MSMEs.
•
Expected results at the outcome level are improved management and overall operational capacities of both male and female run/owned businesses.
•
At the output level, expected results are TA to MSMEs in various areas related to the business development activities for the production of goods and delivery of services; and institutional strengthening of business support organisations (BSOs).
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CUSO International Business Incubator CUSO International is a development organisation registered charity in Canada that works to reduce poverty and inequality through the efforts of highly skilled volunteers, collaborative partnerships and compassionate donors, with the vision of: “A world of engaged and empowered citizens working together to overcome poverty, and to promote equality and justice‌where all people are able to realise their human rights, develop their capabilities and participate in society.â€? Cuso International had one of its volunteers assigned to the Georgetown Chamber of Commerce and Industry with the overarching goal of providing entrepreneurship opportunities for young people in Guyana.
purpose for the placement is to have someone who would undertake the preliminary work for the establishment of a business incubator centre for young entrepreneurs in Guyana. Specifically, the purpose of the placement is to conduct a feasibility study for the proposed incubator which will provide a sound basis for judging the viability of the proposed project. The outcome of the placement would be to provide the Georgetown Chamber of Commerce and Industry with information that would assist them in establishing a business incubator centre for young entrepreneurs which will help them overcome some of the challenges they face.
Business incubators, as economic tools, have become increasingly common for stimulating local development, and providing facilities and services as well. As a result, the overall
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MEMBERSHIP AT-A GLANCE + 25%
173
increase in our membership base
Company Members Evolution of Membership Base
MEMBERSHIP GROWTH OVER THE PAST 5 YEARS
38
40
32
35
30
23
25
19
17
20
15
10
5
4
0
2011/2012
2012/2013
2013/2014
2014/2015
2015/2016
2016/2017
For the year 2016 and up to February 2017, the Chamber added thirty eight (38) new members, namely: • • • • • • • • • • • • • • • • • • •
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Muneshwers Limited GuyBisco Universal Group of Companies P&P Insurance Brokers & Consultants Lt Computer Care Mc Calman & Co Legal services Euphoria Entertainment Parks The Solution Center Peter P. Import and Export Industrial Supplies and Services Cerulean Inc. Extravagant Celeberations Comfort Sleep Interweave Solution Guyana Inc. A+ Computer Training Center The Language Institute Inc. Imon Wireless solution Inc. Yon’s Pro-Fashion Decy’s School of Design & Dress Making
• • • • • • • • • • • • • • • • • • •
ACH Inc. Kross Kolor Records Premier Integrated Experience Abygails General Store Image & Likeness David YHANN and SONS Company Limited Cummings Wood Products Envisage Marketing & Technology Company-EMTEC Professional Guard Services Inc Target Shipping Elusive Events& Business Services KPMG Branderz Massy Insurance Ltd Juice Up Innovative Building Solutions Nick’s Phonics Centre Cevons Waste Management Inc. Guyana Beverages
Membership by Category
Annual Report 2016/2017
Sectors of Activities
C 2
Waste Disposal
2% 1% 12%
22%
3
TV/ Video Production
8
Tourism and Hospitality
7
Services
Category B (71) Category C (38)
6
Security
Category D (21)
22%
9
Shipping
Category A (39)
Non-Resident Non-Resident (3)
Real Estate
Honorary Honorary (1) Associate Associate
Publishing
Pest Control
1 1 1 2
Mining
23% 41%
18
Merchandising
4
Marketing
Category A - 39 Members Category B - 71 Members Category C - 38 Members Category D - 21 Members Non-Resident - 3 Members Honorary - 1 Member Associate - 0
15
Manufacturing Forestry Legal
1 1 9
Insurance
14
IT Health
1 10
Financial Services
2 2 2
Event Management Entertainment-Rental Oil & Gas
10
Education
16
Distribution Data Management
1 4
Consultancy
6
Construction Cleaning
1 5
Automotive Arts & Craft Agriculture
4 7 27
Annual Report 2016/2017
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Workshops & Events Managing for Development Results (MfDR) In 2015, the Caribbean Development Bank (CDB) conducted a Sub-Regional workshop on “Managing for Development Results (MfDR) for Cooperating Institutions (CIs) of the Caribbean Technological Consultancy Service (CTCS) Network” in Barbados. MfDR is a management strategy that focuses on using performance information to improve decision-making. The workshop was attended by the Georgetown Chamber of Commerce and Industry’s representative, Ms. Krysten Sewett, Executive Director, to provide technical assistance for the development of Micro, Small and Medium-Sized Enterprises (MSMEs) in the Bank’s Borrowing Member Countries (BMCs).
The workshop was in response to the requirement of the CTCS Network to measure, monitor and report results in relation to its interventions. This is in keeping with the CDB’s MfDR agenda, as a development agency that is required to report on actions it is taking to reduce poverty evidence by measureable and sustainable results. MfDR aligns with CDB’s Results Monitoring Framework (RMF), a tool to help guide and measure progress in achieving results in respect of the Bank’s strategic objectives. The workshop in Barbados was designed to equip participants with knowledge and skills to train other MSME development partners in their respective countries. Consequently, Ms. Sewett was tasked to facilitate a three (3) day workshop in April 2016 on “MfDR for Business Support Organisations (BSOs) in Guyana” which was done in collaboration with Ms. Treina Butts, Executive Director of the Tourism, Hospitality Association of Guyana (THAG), who also attended the workshop. Participants were equipped with the knowledge and understanding of key MfDR tools based on international practice and tools and methodologies to measure, monitor and report results in a gender-sensitive way.
Moreover, in keeping with the efforts to provide capacity building opportunities to other organisations, the Chamber hosted a three (3) day workshop in August 2016 on MfDR for members of the National Coalition Coordination Inc.
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Conversation Circle The Georgetown Chamber of Commerce and Industry’s “Conversation Circle� was formed with the objective of enabling young entrepreneurs to benefit from the experiences of prominent business owners. The Chamber understands the importance of investing in the new generation of entrepreneurs and as such, we have embarked on a mission to build the capacity of the youth by providing them with opportunities to access practical and useful information. Youth that are economically empowered are more likely to invest in themselves and their communities, become active business leaders and active members of the Chamber; and most importantly, economically empowered youth often become invested in creating a stable and innovative business environment. Programs of this nature serve to bridge the gap between the old and new generations of entrepreneurs, which is critical because both groups have the potential to exchange information and learn from each other. For the year 2016, the Chamber hosted four (4) Conversation Circles, which was solely sponsored by Republic Bank Guyana Ltd. Participants were able to (i) gain access to mentorship from experienced business professionals. Our mentors provide young entrepreneurs with support, access to important business contacts and allies, advice based on their own experiences, and critical feedback on navigating the business world, (ii) gain
30
practical knowledge on the important aspects of business such as business plans, regulations and financing. Such practical knowledge provides young entrepreneurs with the confidence to they need to innovate, take risks and see a business plan through and (iii) interact with other business professionals in their fields.
Annual Report 2016/2017
Customer Service Workshop
Business Guyana Magazine
The Georgetown Chamber of Commerce and Industry hosted a Customer Service Seminar on Wednesday, January 25, 2017. Poor customer service seems all too common, not only is it frustrating for the customer, but from a business perspective, poor service can cost you thousands of dollars in lost sales.
The Georgetown Chamber of Commerce and Industry on June 23, 2016 launched its seventh (7th) edition of the Business Guyana Magazine (BGM).
As a result, the Chamber recognized the need for continuous customer serving training, and have aimed to provide managers and supervisors with a practical roadmap for developing the most important element for business success. The Chamber enlisted the help of three speakers who are highly skilled in customer service training, namely, Ms. Lyndell-Danzie-Black, Ms. Evie Kanhai-Gurchuran and Mr. Rawle Dundas. Our speakers will be presenting on 3 critical areas of customer service – Attitude, Handling Customer Complaints and Time Management, with the objective of showing you how easy it is to retain loyal customers by providing them with a good customer experience .
The magazine aims to attract investors by showcasing economic developments in Guyana. 3000 copies of the magazine are published annually and distrusted globally through Guyana’s embassies and high commissions, through foreign missions present in Guyana, through international trade shows, and through the Chamber’s extensive domestic and international network of stakeholders. In commemoration of Guyana’s 50th Anniversary of Independence, the theme for this special edition was “The Next 50 Years”. The overall content reflects the dynamics of the current economic and business environment as well as an insight into the development of the economy and Guyana’s main industries within the next 50 years. In addition, the content sends a very strong message to businesses and countries around the globe that Guyana is not just open for business, but also that our nation is one of the best places to invest in and to operate with dynamic, thriving results. The magazine’s content also highlights developments of the importance and future of Guyana’s Craft Industry, Banking Industry, Shipping Industry, Telecommunication Sector, Tourism, Guyana’s economic fortunes over the next 50 years, and the Chamber’s long history of the Chamber and provide some insight as to how we functioned over the years
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Security Forum & Expo The Georgetown Chamber of Commerce and Industry attaches great importance to security, focusing on all types of risks: physical, cyber, operational and personnel. On October 21, 2016, to raise public awareness and promote ethics on security, the Chamber hosted a forum and exposition which served as a one stop portal to facilitate the public’s access to security information and demonstrations. The inaugural event highlighted how the security industry has been reshaped by convergence and brought together both physical and cyber security professionals to discuss the threats facing the industry. Exhibitors also enjoyed the maximum exposure to their business and took advantage of the opportunity to promote the importance of investing in security.
GUYANA NATIONAL SHIPPING CORPORATION LIMITED Providing Exceptional Service, Locally, Regionally & Internationally • SHIPS AGENTS • CUSTOMS BROKERS • TERMINAL OPERATORS • INSURANCE SERVICES • TRAILER TRANSPORTATION • STEVEDORE CONTRACTORS • SHIP OWNER AND OPERATORS 5-9 Lombard Street, La Penitence, Georgetown Tel: 226-1435/1247. FAX: 225-3815 Email: gnsc@guyana.net.gy Website: www.gnsc.com Using Yesterday’s Experience with Tomorrow’s Technology for Today’s Shipping Needs
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Annual Report 2016/2017
ANNUAL GALA DINNER & AWARDS CEREMONY 2016 On Thursday, December 1, 2016, the Georgetown Chamber of Commerce and Industry held its Annual Gala Dinner & Awards Ceremony at the Guyana Marriott Hotel. The Ceremony was the Chamber's most high profile event, and it provided business executives with a priceless opportunity to network and exchange ideas. Most importantly, it was a time for the Chamber to celebrate individuals and organizations who have made invaluable contributions to Guyana. The guest speaker of this momentous occasion was Mr. Terry Steers-Gonzales, Deputy Chief of Mission, Embassy of the United States and the Featured Address was delivered by Honorable Raphael G.C. Trotman, Minister of Natural of Natural Resources. Gala festivities included a cocktail reception at 7 p.m., dinner, speeches by esteemed individuals, the presentation of awards, and the drawing of attractive door prizes. This year, nine (9) Awards were presented, including Public Service Award of Excellence, Business of the Year Award (Small to Medium), Business of the Year (Large), Lifetime Achievement Award, Corporate Citizenship Award, Young Business Executive, Award of Innovation, President’s Award and Past President Award. Prominent members of the business community, elected officials, distinguished academics, community leaders, philanthropists and members of the diplomatic corps gathered for this highly anticipated annual event.
The 2016 Award Categories and Recipients were:
1. President’s Award This award is given in recognition for the company’s continual business excellence through positive business growth, superior customer service and an outstanding commitment to quality.
Recipient: Gafsons Industries Limited
Mr. Vishnu Doerga, President of the GCCI, presented the President’s Award to a Representative of Gafsons Industries Limited on behalf of Mr. Gafoors.
2. Lifetime Achievement Award This award is given for contributions to the development of the Business Environment in Guyana which present opportunities for learning in future generations.
Recipient: Mr. Christopher Ram
Honorable Raphael Trotman, Minister of Natural Resources, presented the Lifetime Achievement Award to Mr. Rakesh Latchana on behalf of Mr. Christopher Ram.
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3. Corporate Citizenship Award This award is given in recognition of the company’s demonstration of ethical leadership, good corporate governance and community investment.
Recipient: Metro Office & Computer Supplies
5. Award of Innovation This award is given in recognition of recorded breakthrough achievements in technology, processes, marketing campaigns and development that have impacted positively on quality of products, services, customer satisfaction, process efficiencies, employee satisfaction and company/product image.
Recipient: New GPC Inc.
Ms. Shanti Persaud, Treasurer of GCCI, presented the Corporate Citizenship Award to Ms. Avia Lindie, Chief Executive Officer of Metro Office & Computer Supplies.
4. Young Business Executive Award This award is given for demonstration of ambition, skill, vision and tangible business success under the age of forty.
Recipient: Ms. Valrie Grant
The Award of Innovation was presented to Ms. Olivia Brown, Representative of NEW GPC Inc by Ms. Shanti Persaud, Treasurer of GCCI.
6. Business of the Year This award is given in recognition of the company’s demonstration of good overall performance in the areas of financial growth, customer satisfaction, internal processes improvements, employee relations, development and corporate citizenship.
Small to Medium Category Recipient: Starr Computers
Ms. Shanti Persaud, Treasurer of GCCI, presented, presented the Young Business Executive Award to Ms. Valrie Grant, Managing Director of GeoTech Vision Guyana.
Ms. Shanti Persaud, Treasurer of GCCI, presented the Business of the Year Award (Small to Medium) to Mr. Rehman Majeed, Managing Director of Starr Computer.
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Annual Report 2016/2017
Large Category Recipient: Sterling Products Limited
Ms. Shanti Persaud, Treasurer of GCCI, presented the Business of the Year Award (Large) to Mr. Anthony Ross, Quality Assurance Manager for Sterling Products.
Recipient: Ministry of Public Telecommunications
Ms. Shanti Persaud, Treasurer of GCCI, presented, the Public Service Award of Excellence Award to Mr. Derrick Cummings on behalf of the Ministry of Public Telecommunications.
7. Past President Award This award is given for the contributions of the individual’s dedication and innovative leadership while serving as President of the Georgetown Chamber of Commerce & Industry.
Recipient: Mr. Lance Hinds
Mr. Terry Steers-Gonzales, Deputy Chief of Mission, Embassy of the United States delivering his remarks at the Gala Dinner and Awards Ceremony 2016.
Mr. Vishnu Doerga, President of GCCI, presented the Past President Award to Mr. Lance Hinds, Chief Executive Officer of BrainStreet Group.
8. Public Service Award of Excellence This award is given in recognition of effectively facilitating the work of the business community by exhibiting the highest standard of service.
Honourable, Mr. Raphael Trotman, Minister of Natural Resources delivering his remarks at the Gala Dinner and Awards Ceremony 2016.
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MEETINGS
Elizabeth Mullen & Elizabeth Gozzer of Creative Associates International Inc., a youth-focused international development company based in Washington, D.C, met Mr. Vishnu Doerga, President of the GCCI, to discuss a potential collaboration between the two entities- April 19, 2016
Mr. Vishnu Doerga, President of the GCCI, met with a team from the PROCASUR Corporation to discuss the rural youth employment situation in Guyana- April 19, 2016
Mr. Vishnu Doerga, President of the GCCI, offered a few remarks at the launching ceremony of Roraima’s newest addition to its fleet, the Britten Norman Tri-lander and the Approved Maintenance Organization (AMO) Division- April 25, 2016
36
Mr. Vishnu Doerga, President of the GCCI, met with renowned Guyanese entertainer, Neil Fraser, to discuss possible collaboration of Guyana’s Music Festival- May 13, 2016
Mr. Vishnu Doerga, President of the GCCI, met with Mr. Warwick Strong, Senior Manager of DAI Energy and Resources Group to discuss the manufacturing industry, the current state of the economy, and the future of the country from a private sector perspective- May 16, 2016
Mr. Vishnu Doerga, President of the GCCI, met with Bank of Guyana’s Financial Sector Assessment Representative to discuss SMEs, barriers to access finance, collateral requirements, land registries in cases of agriculture and other related issues- May 19, 2016
Annual Report 2016/2017
Scotiabank Guyana launched its Vision Achiever LivePitch 2016 business plan competition, in collaboration with the Georgetown Chamber of Commerce and Industry (GCCI) to promote entrepreneurship locally- May 20, 2016
Mr. Vishnu Doerga, President of the GCCI, facilitated a courtesy call with the US Embassy’s new Economic/ Commercial Officer, Ms. Sandra Zuniga and Political/ Economic Counselor, Mr. James Bjorkman- May 24, 2016
Mr. Vishnu Doerga, President of the GCCI, met with a delegation from the City of Fuzhou, China, to discuss cooperation- May 25, 2016
Mr. Vishnu Doerga, President of the GCCI, collaborated with members of the Private Sector Commission, for a meeting with Minister James Duddridge, MP, Parliamentary Under-Secretary of State, Foreign and Commonwealth Office and British High Commissioner, HE Greg Quinn- May 30, 2016
Mr. Vishnu Doerga, President of the GCCI, met with members of the SKYE Project to discuss further collaborations and creating stronger ties- May 31, 2016
The GCCI in collaboration with Cuso International , Small Business Bureau and GeoTech Vision held its first seminar on “Building an Ecosystem for Micro and Small Entrepreneurs in Guyana”- June 2, 2016
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Members of the GCCI met with CEO of GTT, Mr Justin Nedd, to discuss current and developmental issues relating to GTT- June 28, 2016
Mr. Vishnu Doerga, President of the GCCI, and Ms. Allison Butters-Grant, Secretary of the GCCI, met with representatives from the Inter-American Investment Corporation (IIC) and the private sector lending arm of the Inter-American Development Bank (IDB) to discuss the investment landscape in Guyana and how the IIC can assist with the country’s development- August 15, 2016
Members of the GCCI met with Mayor Patricia ChaseGreen and her team to discuss matters affecting the Business Community in Georgetown- July 8, 2016 Mr. Vishnu Doerga, President of the GCCI, met with Spang Makandra, a Suriname company specializing in training and consultancy marketing to explore the possibilities of collaborating with Guyanese companiesAugust 26, 2016
Four organisations came together to officially get Guyana’s first business incubator off the ground. The newly signed memorandum of understanding between development organization Cuso International, the Georgetown Chamber of Commerce and Industry, the Small Business Bureau and private enterprise GeoTechVision Guyana will promote cooperation between the organizations to establish a business incubation centre- August 11, 2016
38
Ms. Padma Kunjbeharry, Senior Vice President of the GCCI, facilitated a courtesy call with His Excellency Jose Dela Rosa Burgos, Non-Resident Ambassador (designate) of the Republic of Philippines- September 7, 2016
Annual Report 2016/2017
Mr. Vishnu Doerga, President of the GCCI met with representatives from the Massy United Insurance Company to discuss how the two organisations can collaborate- September 15, 2016
The GCCI in collaboration with GeoTech Vision, Small Business Bureau and CUSO International, held a seminar which was aimed at “FOSTERING ENTREPRENEURSHIP, CELEBRATING WOMEN IN BUSINESS” to promote further discussions with entrepreneurs and stakeholders on the topic of Business Incubation and some of the benefits that can accrue from this processNovember 19, 2016
Esso Exploration and Production Guyana Limited made a presentation to GCCI’s membership on “ExxonMobil’s Liza Project Update”- September 14, 2016 The World University Services of Canada (Caribbean) and the GCCI signed a memorandum of understanding to commemorate the collaborative efforts and committed to continue enhancing partnerships with a focus on increasing the competitiveness and growth of agricultural enterprises to drive agriculture-led economic growth and view food producers as budding entrepreneursJanuary 5, 2017
GCCI Executives met with representatives of the United States Agency for International Development (USAID) to discuss ways in which the Chamber can lend support to the agency’s Community Focus Programs which are geared towards youth violence prevention- August 22, 2016
The National Coordinating Coalition Inc. (NCC) and the GCCI signed a memorandum of understanding concerning improved tax facilities for non-governmental organisations (NGOs)- January 27, 2017
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40
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Annual Report 2016/2017
42
Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Statement of Comprehensive Income For the year ended December 31, 2016
Notes 11 15 16 17 18 19
G$ 2016 11,467,319 8,743,245 7,799,990 579,493 5,541,925 1,166,000 35,297,972
G$ 2015 8,161,040 8,056,790 9,164,542 1,787,953 3,249,040 883,500 31,302,865
Other income
20
2,974,523
1,921,197
Expenses Grant expenses Operating expenses Administrative expenses Financial charges Total expenses
11 21 22 23
11,467,319 8,960,581 12,014,958 128,736 32,571,594
8,161,040 9,362,054 14,395,889 76,139 31,995,122
5,700,901
1,228,940
Revenue Grant income Membership subscription Advertisement Workshop Events Sponsorship Total revenue
Surplus The notes on pages 6 to 16 form an integral part of these financial statements.
Page 3 of 16
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Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Statement of Changes in Equity For the year ended December 31, 2016
Revaluation reserve G$ Balance as at December 31, 2014 Surplus for the year Balance as at December 31, 2015 Surplus for the year Balance as at December 31, 2016
36,140,654
Accumulated surplus G$ 13,481,229
49,621,883
1,228,940
1,228,940
14,710,169
50,850,823
5,700,901
5,700,901
20,411,070
56,551,724
36,140,654 36,140,654
The notes on pages 6 to 16 form an integral part of these financial statements.
Page 4 of 16
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Total G$
Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Statement of Cash Flows For the year ended December 31, 2016
G$ 2016
Cash flows from operating activities Surplus for the period
G$ 2015
5,700,901
1,228,940
199,948 290,454
500,637
6,191,303
1,729,577
Decrease in accounts receivable Decrease/increase in deferred expenses Decrease in other receivable Decrease/increase in accounts payable Decrease in prepaid income Increase in other payables Cash generated from operations
982,310 365,657 80,698 (728,381) (4,088,343) 66,277 2,869,521
84,693 (437,623) 1,367,547 1,984,100 2,943,048 641,374 8,312,716
Cash flow from investing activity Acquisition of property, plant & equipment
(1,408,648)
(387,595)
Cash flow from financing activity Increase in deferred income
10,364,298
Increase in cash and cash equivalents
11,825,171
7,925,121
Cash and cash equivalents at the beginning of the year
19,737,709
11,812,588
Cash and cash equivalents at the end of the year
31,562,880
19,737,709
An analysis of cash & cash equivalents as at December 31, Cash on hand Cash at bank Total
38,774 31,524,106 31,562,880
39,575 19,698,134 19,737,709
Adjustments for : Loss on disposal Depreciation Operating surplus before changes in working capital
-
Page 5 of 16
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Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Notes to the Financial Statements For the year ended December 31, 2016
1
General information The Georgetown Chamber of Commerce and Industry is a not-for-profit organisation that was established by an Act of Parliament on February 5, 1890 and its registered office is located at Lot 156 'C' Waterloo Street, North Cummingsburg, Georgetown. During the year 1982, the organisation's name was changed from "The Georgetown Chamber of Commerce and Industry" to "Georgetown Chamber of Commerce and Industry". The objectives of the Georgetown Chamber of Commerce and Industry, as stipulated by the "Georgetown Chamber of Commerce Act" are as follows:
(a) the promotion and protection in Guyana of trade and services, local, regional and foreign; (b) to promote and encourage the development of Guyana of primary industries and manufacturing and processing operations with the use as far as possible of local raw materials and expertise and the application of modern and efficient methods of maintenance, standards of safety and labour relations; (c) to encourage adherence by manufacturers to proper qualitative standards in their products; (d) to promote within and outside Guyana by means of advertisement, trade fairs and in any other manner, the consumption and the use of goods manufactured or produced in Guyana. (e) to assist in the procurement of overseas markets for goods produced in Guyana; (f) to collect and disseminate statistical and other information relating to commerce, trade, manufacture and industry;
(g) to use its good offices in the settlement of disputes involving members of the local commercial and industrial community; (h) to consider all matters connected with trade, manufacture, industry and commerce, and where appropriate, to make representations and express an opinion or take a position on any such matters; (i) to imitate, promote or to comment on actual or proposed legislative, regulatory or administrative measures affecting trade, manufacture or industry and to communicate or cooperate with the appropriate governmental institutions in respect of such measures; (j) to encourage generally but more particularly among the membership, the adherence to ethical standards in trade, manufacture, industry and commerce and to aid and support in any manner other associations or bodies having objects similar to those of the Chamber;
Page 6 of 16
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Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Notes to the Financial Statements For the year ended December 31, 2016
(k) to amalgamate or affiliate with any institution having objects similar to those of the Chamber, and in the event of an amalgamation to transfer the property of the Chamber to any such institution; and (l) to do all such things as may be requisite and necessary for the attainment of the objects of the Chamber, including the receiving and donating gifts, investing the income and funds of the Chamber, and the borrowing of money.
2
Basis of preparation and accounting policies These financial statements have been prepared in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities issued by the International Accounting Standards Board.
(a) Basis of accounting These financial statements have been prepared under the historical cost convention.
(b) Income & expenditure Income & expenditure are dealt with in these financial statements on the accrual basis of accounting.
(c) Property, plant & equipment Items of property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged so as to allocate the cost of assets less their residual values over their estimated useful lives, using the reducing balance method. The following annual rates are used for the depreciation of property, plant and equipment: Land & building Office furniture & equipment
2% 10 - 50%
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of an asset, the depreciation of that asset is revised prospectively to reflect the new expectations.
Page 7 of 16
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Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Notes to the Financial Statements For the year ended December 31, 2016
(d) Revenue recognition When the outcome of a transaction can be estimated reliably, revenue is recognised by reference to the stage of completion of the transaction at the reporting date, provided that all of the following criteria are met:
(i) (ii) (iii) (iv)
Revenue from providing related services is recognized when all the following conditions are satisfied: The amount of revenue can be measured reliably; It is probable that the economic benefits associated with the transaction will flow to the entity; The cost incurred or to be incurred in respect of the transaction can be measured reliably; and The stage of completion at the reporting date can be measured reliably.
(e) Reporting currency These financial statements are stated in Guyana Dollars and foreign currency transactions during the year were translated at the prevailing exchange rate at the time of those transactions. Monetary assets and liabilities denominated in foreign currencies at the date of the statement of financial position are translated at the prevailing exchange rate at the end of the year and exchange gain/losses were recognised in the statement of comprehensive income.
3
Key management personnel Management consists of the president, two vice-presidents, treasurer, secretary and sixteen (16) other council members as stipulated by the Act.
Page 8 of 16
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Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Notes to the Financial Statements For the year ended December 31, 2016
4
Property, plant & equipment Historical cost At January 1, 2016 Disposal Additions At December 31, 2016
Land & building G$ 37,500,000 37,500,000
Accumulated depreciation At January 1, 2016 Written back depreciation Charges for the year At December 31, 2016
-
Office furniture & equipment G$ 4,433,207 (2,013,145) 1,408,647 3,828,709
Total G$ 41,933,207 (2,013,145) 1,408,647 41,328,709
3,265,340 (1,813,197) 290,454 1,742,597
3,265,340 (1,813,197) 290,454 1,742,597
Net book value At December 31, 2016
37,500,000
2,086,112
39,586,112
At January 1, 2016
37,500,000
1,167,867
38,667,867
(a) Land and Building was revalued by Mr. David Patterson, Valuation Officer in April 2010. The surplus arising on the revaluation was credited to Revaluation Reserve. (b) At 31 December 2016, had the assets been carried at historical cost, the carrying value would have been G$1,633,438 (2015 - G$520,344). (c) On November 14, 2016 the accountant and the treasurer of the Chamber performed a physical verification of assets. 5
Cash & cash equivalents This account comprises: Bank Republic Bank (Guyana) Limited Republic Bank (Guyana) Limited Republic Bank (Guyana) Limited Republic Bank (Guyana) Limited Republic Bank (Guyana) Limited Republic Bank (Guyana) Limited New Building Society Guyana Bank for Trade & Industry Ltd Total
Account# 650-216-5 001-260-9 651-908-6 652-070-4 498-581-8 293-030-3 9922 002167558018
Cash on hand Total cash & cash equivalents
G$ 2016 8,980,817 9,369,543 962,169 1,495,490 2,069,134 8,643,489 3,464 31,524,106
G$ 2015 9,148,008 2,059,205 2,276,532 6,210,925 3,464 19,698,134
38,774 31,562,880
39,575 19,737,709
Page 9 of 16
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Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Notes to the Financial Statements For the year ended December 31, 2016
6
Accounts receivable This account represents funds outstanding in relation to membership subscription, fundraising events organised and workshops administered by the Chamber. G$ G$ Particulars 2016 2015 Membership subscription 275,000 287,000 Advertisement 50,000 Workshop 6,520 92,310 Fundraising events 415,500 983,000 Provision for doubtful debts
(367,020)
Total
380,000
1,362,310
7
Deferred expenses According to the Matching Principles concept, expenses must be recorded in the accounting period to which the income that those expenses relates to is earned. Therefore, all expenses relating to income to be realised from advertisement in the Business Guyana Magazine 2017 that were incurred in 2016 were deferred to the year 2017.
8
Other receivables This account consists of:
G$ 2016 50,000 26,755 76,755
Particulars Security deposit Prepaid fire insurance Prepaid website hosting Prepaid treatment services Stationery cost refundable Total
Page 10 of 16
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-
G$ 2015 50,000 26,755 12,837 5,175 62,686 157,453
Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Notes to the Financial Statements For the year ended December 31, 2016
9
Accounts payable This account consists of:
G$ 2016 419,787 22,272 442,059
Particulars Venue expenses Advertisement Total
G$ 2015 1,170,440 1,170,440
10 Prepaid income According to the Revenue Recognition principle, income must only be recorded when it is earned or gained. Therefore, funds received (in the year 2016) for advertisement in the Business Guyana Magazine 2017 and 125th Commemorative magazine were deferred to the year 2017 since the said advertisement did not exist at the end of the year 2016. In addition, this application was made for membership subscription.
Particulars 125th Commemorative magazine Business Guyana Magazine Membership subscription Total
G$ 2016 80,000 274,657 354,657
G$ 2015 885,000 3,471,000 87,000 4,443,000
20,101,847 1,500,490 786,580 256,360 22,645,277
4,816,990 4,157,710 8,974,700
9,770,137 654,242 786,580 256,360
4,816,990 3,344,050 -
11,467,319
8,161,040
11,177,958
813,660
11 Deferred income Funds received Improving Competitiveness Caribbean Technology Managing for Development Mould making Serv Safe Female Entrepreneur Total
Donor CBD CBD CBD CBD CBD CUSO
Funds disbursed Improving Competitiveness CBD Caribbean Technology CBD Managing for Development CBD Mould making CBD Serv Safe CBD CUSO Female Entrepreneur Total (written back to the statement of comprehensive income) Balance carried forward
Page 11 of 16
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Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Notes to the Financial Statements For the year ended December 31, 2016
12 Other payables This account consists of:
G$ 2016 340,000 18,108 172,171 119,504 27,385 19,358 12,245 4,680 713,451
Particulars Security deposit (rent) Funds refundable Credit card charges Employees' income tax Contributions Telephone charges Electricity charges Water rates Newspapers Total
G$ 2015 190,000 54,500 46,523 187,487 91,755 26,664 40,359 9,886 647,174
13 Contingency fund During the prior years a bank account was established by the Chamber with Republic Bank (Guyana) Limited for the sole purpose of offering relief from disasters. Funds for this account were obtained via donation from the public and subsequently disbursed as the need arose, based on the decision by the Councillors. A percentage of this fund was transferred from Republic Bank to the account registered with the New Building Society.
14 Workshops A common practice of the Chamber, as part of its mandate to promote business in Guyana, is administering and organising business related workshops. Some of these workshops are funded by the Chamber whereas others are financed by other resident and non-resident organisations. During the year 2016 a total of three workshops were conducted.
Page 12 of 16
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Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Notes to the Financial Statements For the year ended December 31, 2016
15 Membership subscription Attaining membership with the Chamber is a simple process where the decision to accept an entity's request to become a member is made by the Council. Based on a few criteria a new member will be placed in one of five categories. Income from membership subscription for the year 2016 are as follows: G$ G$ 2016 2015 Particulars Category A 3,900,000 3,650,000 Category B 3,575,000 3,450,000 Category C 800,000 662,500 Category D 270,000 138,000 Non-resident 198,245 156,290 Total 8,743,245 8,056,790
16 Advertisement Revenue from this category of income is usually from advertisement made by members and non-members in the Annual Report and Business Guyana Magazine . G$ G$ Particulars 2016 2015 Business Guyana Magazine 6,429,990 8,162,542 Annual Report 1,370,000 1,002,000 Total 7,799,990 9,164,542
17 Workshop income Organisations that desire to conduct workshops in Guyana and request that the Chamber administer it are charged a fee for this task. G$ G$ Particulars 2016 2015 Mould making workshop 1,055,250 Servsafe training workshop 561,853 Mobilising renewable energy workshop 170,850 Managing for Development Results workshop 579,493 Total 579,493 1,787,953
Page 13 of 16
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Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Notes to the Financial Statements For the year ended December 31, 2016
18 Events Several events were organised, funded and conducted by the Chamber in the year 2016 so as to fulfil its primary objective of promoting business in Guyana. G$ G$ 2016 2015 Particulars Business Guyana Magazine (launch) 955,000 1,008,000 Awards Gala ceremony 3,809,000 1,945,000 Security Exposition & Forum 777,925 Gender equality 5,000 Corporate social responsibility 69,000 Labelling & packaging seminars 57,040 Leadership seminar 150,000 Certificate of Origin 15,000 Total 5,541,925 3,249,040
19 Sponsorship During the year 2016 sponsorship was received for three events: Particulars Business Guyana Magazine (launch) Awards Gala ceremony Conversation Circle Leadership seminar Total
270,000 800,000 96,000 1,166,000
Page 14 of 16
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310,000 413,500 160,000 883,500
Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Notes to the Financial Statements For the year ended December 31, 2016
20 Other income This account consists of:
G$ 2016 24,000 28,000 3,000 92,573 1,719,500 212,950 894,500 2,974,523
Particulars Website Raffle Logo pins Events Bar-B-Que event Rent Pension Donation Bank interest Assets located on premises Total
G$ 2015 114,000 217,500 1,349,000 16,000 20,000 204,697 1,921,197
21 Operating expenses Expenses incurred in relation to events and workshops funded by the Chamber were recorded under this expense category: G$ G$ Particulars 2016 2015 Magazine 2,713,339 6,562,955 Research (history) 270,000 100,000 Rent 590,640 295,800 Meals & entertainment 3,003,812 1,698,210 Fundraiser support 50,000 82,000 Advertisement 169,636 56,412 Tickets & invitations 220,999 128,240 Awards 223,880 184,440 Decorations 8,699 111,717 Transportation 196,900 142,280 Photography 40,000 Stipend 600,000 Stationery & supplies 17,656 Casual labour 5,000 Bad debts 850,020 Total 8,960,581 9,362,054
Page 15 of 16
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Annual Report 2016/2017
Georgetown Chamber of Commerce and Industry
Notes to the Financial Statements For the year ended December 31, 2016
22 Administrative expenses Employment costs Legal & professional fee Subscription Website advertisement Website hosting & maintenance Repairs & maintenance - building & compound Repairs & maintenance - office furniture & equipment Insurance Local travel Office expenses Telephone charges Electricity Internet Water rates Rates & taxes Security Meals & entertainment Interest & penalty Advertisement Casual labour Discount allowed Loss on disposal Donation Depreciation Total
23 Financial charges Bank charges Withholding tax Total
G$ 2016 8,222,286 654,375 75,000 59,146 226,756 52,405 116,181 72,003 173,240 1,026,369 228,369 251,303 119,600 51,904 27,450 49,486 1,747 11,136 3,800 20,000 199,948 82,000 290,454 12,014,958
G$ 2015 8,979,972 333,000 75,000 195,451 202,176 1,382,270 65,480 45,248 199,573 1,383,058 230,087 300,673 102,608 58,479 26,280 163,069 76,301 240 76,287 500,637 14,395,889
86,147 42,589 128,736
35,200 40,939 76,139
24 Taxation The financial statements were prepared on the basis that the entity was exempted from taxes.
25 Reclassification In the current year, certain amounts in the prior year were reclassified to conform with the current year's presentation.
26 Approval of the financial statements The financial statements were approval by the Board of Executives and authorised for issue on March 7, 2017. Page 16 of 16
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A Big Thank You to Our Sponsors in 2016
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Annual Report 2016/2017
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Annual Report 2016/2017
MEMBERSHIP LISTING Ordinary Members ACH INC. 37 Austin Street, Campbellville, Georgetown Telephone: 592-227-7690 A+ COMPUTER TRAINING CENTER 25 New Road, Vreed-en-Hoop, West Coast Demerara Telephone: 592-254-0426 ABDOOL & ABDOOL INC. 11 Avenue of the Republic, Georgetown, Guyana Telephone: 592 226-9094; 225-3985 Fax: 592-225-8911 AMAZON CARIBBEAN V1 V2 Houston, East Bank Demerara, Guyana Telephone: 592 226-2828; 592 226-5238 Fax: 592-226-9883 ANSA McAL TRADING LIMITED (GUYANA) 60 Beterverwagting, East Coast Demerara, Georgetown, Guyana Telephone: 592 220-0455 Fax 592-220-0796 ARUWAI ENTERPRISE INC 13 A Public Road, Huston, East Bank Demerara, Georgetown, Guyana Telephone: 592- 223-2097; 592-227-1987 Fax: 592-223-2091 ASSURIA GENERAL (GY) INC. 18 Church Street, South Cummingburg, Georgetown, Guyana Telephone: 592-226-7052; 592-226-7074 Fax: 592-226-7123
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AUSTIN’S BOOK STORE 190 Church Street, Georgetown, Guyana Telephone: 592 226-7350/7 Fax: 592-227-7396 B. BHAICHANDEEN LIMITED Church Street, Georgetown, Guyana Telephone: 592-225-6361 Fax: 592-227-4480 B.E.V PROCESSORS INC. Area ‘K’ Houston, East Bank Demerara, Guyana Telephone: 592 225-2111; 592-226-5738 Fax: 592-225-0015 BANK OF NOVA SCOTIA 65 Robb Street, Georgetown, Guyana Telephone: 592-225-9222 (226); 223-6096 (268) Fax: 592-225-9309 BANKS DIH LIMITED Thirst Park, Ruimveldt, Georgetown, Guyana Telephone: 592-225-0910 Fax: 592-226-6523 BEHARRY AUTOMOTIVE LIMITED 191 Wellington & Charlotte Street, Georgetown, Guyana Telephone: 592-227-2526; 592-227-1349 Fax: 592-225-0956 BRANDERZ GUYANA 254 Thomas Street, South Cummingsburg Georgetown Telephone: 592-223-5172
Annual Report 2016/2017 CALIFORNIA STUCCO GUYANA INC. 96 Bonasika & Sheriff Street, Campbellville, Georgetown, Guyana Telephone: 592-225-5254 CAMEX RESTAURANTS INC. Parade Street, FedEx Building, Georgetown, Guyana Telephone: 592-231-8769; 592-231-2243 Fax: 592-231-8768 CAR CARE ENTERPRISE 43 Hadfield Street, Stabroek, Georgetown, Guyana Telephone: 592-225-6888; 592-226-6162 Fax: 592-227-6136 CARANA AGRICULTURE DEVELOPMENT INC 134 Durbana Square, Lamaha Gardens, Georgetown, Guyana Telephone: 592-223-0632; 592-223-0634 Fax: 592-223-0635 CARIBBEAN CHEMICALS (GUYANA) LIMITED 45 Croal Street, Stabroek, Georgetown, Guyana Telephone: 592-225-4178; 592-225-9639 Fax: 592-226-8935 CARIBBEAN CONTAINER INC. Public Road Farm, East Bank Demerara, Guyana Telephone: 592-265-4224, 592-265-4240 Fax: 592-265-4251 CARIBBEAN INTERNATIONAL DISTRIBUTORS INC. Lot D Rome Street, Mc Doom, East Bank Demerara, Guyana Telephone: 592-233-0867; 592-233-0911 Fax: 592-223-0912
CERULEAN Inc. 14 B LeSovenir Park, East Coast Demerara, Guyana Telephone: 592-674-0469 CEVONS WASTE MANAGEMENT INC. 573 Toucan Drive, South Ruimveldt Gardens Georgetown Guyana Telephone: 592-218-1156; 592-5105 CHINA TRADING 32 Robb Street, Lacytown, Georgetown, Guyana Telephone: 592-231-5878; 592-690-3575 Fax: 592-226-3778 CHRISTIAN FRIENDSHIP INTERNATIONAL 724 Kuru Kururu, Soesdyke, Linden Highway, Guyana Telephone: 592-261-6050 COMFORT SLEEP 49 Eccles Industrial Estate, East Bank Demerara Guyana Telephone: 592-223-3013; 233-3024; 592-233-2657 COMPUTER CARE 3rd Floor Sharon’s Building, 154 Charlotte and King Streets, Georgetown Telephone: 592 225-1470 Fax: 592 219-3176 COMPUTRAIN BUSINESS SERVICE SOLUTIONS 87 C Barrack Street, Kingston, Georgetown, Guyana Telephone: 592-226-7712 CORUM DISTRIBUTION 141 Camp & Regent Street, Georgetown, Guyana Telephone: 592-223-4313 Fax: 592-226-8859
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Annual Report 2016/2017 CREDITINFO (GUYANA) INC. 267 New Market Street, Georgetown, Guyana Telephone: 592-227-7005; 592-227-7009 CUMMINGS WOOD PRODUCTS 1-2 Caledonia, East Bank Demerara Guyana Telephone: 592-261-6400/1 CURTAINS & DRAPERY DESIGNS 110 Regent Road, Bourda, Georgetown, Guyana Telephone: 592-225-2224 D & J SHIPPING SERVICE 61 Fifth Street, Alberttown, Georgetown, Guyana Telephone: 592-223-6056 Fax: 592-223-8479 DABI’S VARIETY 40 Robb Street, Bourda, Georgetown, Guyana Telephone: 592-231-2002; 592-226-7723 Fax: 592-225-6309
DEMERARA TOBACCO COMPANY LIMITED 90 Carmichael Street, South Cummingsburg, Georgetown, Guyana Telephone: 592-225-1900; 592-225-1902 Fax: 592-226-9322 DENMOR GARMENTS MANUFACTURERS INC. 7-9 Coldingen Industrial Estate, East Coast Demerara, Guyana Telephone: 592-270-4513; 592-270-4516 Fax: 592-270-4500 DESINCO TRADING COMPANY LIMITED 48 John & Sheriff Street, Georgetown, Guyana Telephone: 592-226-7109; 592-226-180 Fax: 592-227-6008 DIGITAL TECHNOLOGY 20 Public Road Diamond, East Bank Demerara, Guyana Telephone: 592-265-2932/3 Fax: 592-265-2933 DILIP’S VARIETY STORE 7-9 Avenue of the Republic, Georgetown, Guyana Telephone: 592-225-8123; 592-223-0100
DAPPER TECHNOLOGY 140 ‘B’ Quamina Street, South Cummingburg, Georgetown, Guyana Telephone: 592-231-0044
DOERGA BUSINESS ENTERPRISE 120 Parade Street, Kingston, Georgetown, Guyana Telephone: (Georgetown) 592-223-7766; 592-223-5555
DAVID YHANN & SONS CO. LIMITED 76-77 Robb Street, Lacytown, Georgetown, Guyana Telephone: 592-225-3945
ELUSIVE EVENTS & BUSINESS SERVICES 87 BB Eccles, East Bank Demerara, Guyana Telephone: 592-699-6264
Decy’s School of Design & Dress Making 691 7th Street, Dazzel Housing Scheme, Paradise,East Bank Demerara, Guyana Telephone: 592-223-8854
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ENVISAGE MARKETING & TECHNOLOGY COMPANY 80 Duncan Street, Newtown,Kitty, Georgetown,Guyana Telephone: 592-225-0241
Annual Report 2016/2017
ESSO EXPLORATION & PRODUCTION GUYANA LIMITED Lot 99 New Market Street, Georgetown, Guyana Telephone: 592-231-4187
GEOTECH VISION GUYANA INC. 50 Brickdam, Stabroek, Georgetown, Guyana Telephone: 592-226-4332
Euphoria Entrainment Parks 476 Republic Park, Perers Hall, East Bank Demerara, Guyana Telephone: 592-233-6712
GERMAN’S RESTAURANT 8 New Market Street, Georgetown, Guyana Telephone: 592-227-0079; 592-225-3972
EXTRAVAGANT CELEBRATIONS 1763 Pioneer Layne, South Ruimveldt Park, Georgetown, Guyana Telephone: 592 673-5133 EUREKA MEDICAL LABORATORIES INC. 263 Thomas Street, North Cummingsburg, Georgetown, Guyana Telephone: 592-227-5131 Fax: 592-226-8979 GAICO CONSTRUCTION & GENERAL SERVICES INC. 225 New Market Street, North Cummingsburg, Georgetown, Guyana Telephone: 592-226-5165 GAME XPRESS 25 North Road, Lacytown, Georgetown, Guyana Telephone: 592-227-8902 Fax: 592-231-3627 GEB SECURITY SERVICES INC. 8-10 Providence, East Bank Demerara, Guyana Telephone: 592-233-6607; 592-233-6609 Fax: 592-233-6608
GIO TECH 64 Middle & Main Street South Cummingsburg, Georgetown Guyana Telephone: 592-231-8750 Global Marketing & Branding 1831 Unity Place, Festival City, North Ruimveldt, Georgetown, Guyana Telephone: 592-697-0480/ 592-650-6231 GLOBAL SEAFOOD DISTRIBUTORS 8 West Ruimveldt Industrial Estate, Georgetown, Guyana Telephone: 592-225-4531 GLOBAL TECHNOLOGY INC. 210 Camp & New Market Street, Georgetown , Guyana Telephone: 592-225-4657; 592-225-3364 Fax: 592-223-7438 GRACE KENNEDY REMITTANCE SERVICES 19 C Water Street, Georgetown, Guyana Telephone: 592-227-5147; 227-5141 Fax: 592-227-5137 GREEN TRADE IMPORT INC. 13 North Road & Wellington Street, Lacytown, Georgetown, Guyana Telephone: 592-223-6006 Fax: 592-227-5137
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Annual Report 2016/2017 GUYANA & TRINIDAD MUTUAL FIRE & LIFE INSURANCE GROUP 27-29 Robb & Hincks Streets, Georgetown, Guyana Telephone: 592-225-7912 Fax: 592-225-9397
GUYANA PUBLICATIONS INC. 46-47 Robb Street, Lacytown, Georgetown, Guyana Telephone: 592-226-2406; 592-227-8527 Fax: 592-226-3237
GUYANA BANK FOR TRADE & INDUSTRY High & Young Street, Kingston, Georgetown, Guyana Telephone: 592-231-4400/8 Fax: 592-231-4411
GUYANA TELEPHONE & TELEGRAPH CO. LTD 79 Brickdam, Stabroek, Georgetown, Guyana Telephone: 592-225-1315
GUYANA BEVERAGES INC. 4 “A’ Area AA, Plantation Diamond East Bank Demerara Telephone: 592-216-1517 GUYANA GOLDFIELDS INCORPORATED 7 North Road, Lacytown, Georgetown, Guyana Telephone: 592-227-7062 Fax: 592-225-5824 GUYANA LOGISTICS AND SUPPORT SERVICES INC. 110 Duke & Barrack Streets, Kingston, Georgetown, Guyana Telephone: 592-219-5019; Fax: 592-219-5021 GUYANA NATIONAL SHIPPING CORPORATION LIMITED 5-9 Lombard Street, La Penitence, Georgetown, Guyana Telephone: 592-226-1840; 592-226-3365 Fax: 592-225-3815 GUYANA OIL COMPANY LIMITED 191 Camp Street, Georgetown, Guyana Telephone: 592-225-1595/8 Fax: 592-225-2320
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GUYBISCO INC. 23 Mc Doon, East Bank Demerara, Guyana Telephone: 592-233-0505 GX MEDIA 38 Hibiscus Place, Blankenburg, West Bank Demerara, Guyana Telephone: 592-276-3807 HAB INTERNATIONAL 1 Public Road, Swiss Machinery Building, Eccles, East Bank Demerara, Guyana Telephone: 592-233-2496/8 Fax: 592-233-2499 HAND IN HAND MUTUAL FIRE & LIFE INSURANCE COMPANIES 1-4 Avenue of the Republic, Georgetown, Guyana Telephone: 592-225-1865-7; 592-227-0668 Fax: 592-225-7519 HARRIS PAINTS GUYANA LIMITED 10 Water Street, North Cummingsburg, Georgetown, Guyana Telephone: 592-225-5630; 592-231-9789 Fax: 592-226-7002
Annual Report 2016/2017 IMAGE & LIKENESS 20 B Evergreen Street, New Road, Vreed-en-Hoop, West Coast Demerara, Guyana Telephone: 592-664-2039/592-654-9739 IMON WIRELESS SOLUTIONS INC. 126 Laluni Street, Queenstown, Guyana, Telephone: 592-231-6545 IMPRESSIONS 149 Crown Street, Queenstown, Georgetown, Guyana Telephone: 592-227-7757 INDUSTRIAL SUPPLIES & SERVICES 51 Robb & Albert Streets, Bourda, Georgetown, Guyana Telephone: 592-225-6753 INNOVATIVE BUILDING SOLUTION INC. 196 Duncan Street, Lamaha Gardens, Georgetown, Guyana Telephone: 592-227-2482 INNOVATIVE SYSTEMS INC. 43 Croal & Alexander Streets, Stabroek, Georgetown, Guyana Telephone: 592-226-8964 INSPIRE INC 62 Area Q, Turkeyen, Greater Georgetown, Guyana Telephone: 592-222-2042 INSURANCE BROKERS OF GUYANA LIMITED 125 Carmicheal Street, South Cummingsburg, Georgetown, Guyana Telephone: 592-226-7261-2
INTEGRATED SECURITY SERVICES 21 Peter Rose Street, Queenstown, Georgetown, Guyana Telephone: 592-223-4033; 592-223-4039 INTERWEAVE SOLUTION GUYANA INC. 124 First Street, Granville Park, Beterverwagting, East Coast Demerara, Guyana Telephone: 592-220-4147; 592-644-7707 JOHN FERNANDES LIMITED 24 Water Street, Georgetown, Guyana Telephone: 592-225-6294; 592-226-3241; 592-2273344 Fax: 592-226-1881 JOHN LEWIS STYLES 186 Waterloo Street, North Cummingsburg, Georgetown, Guyana Telephone: 592-231-7321 Fax: 592-231-3941 JTW & ASSOCIATES MANAGEMENT INSTITUTE 157 Waterloo Street, North Cummingsburg, Georgetown, Guyana Telephone: 592-223-5148 JUICE UP 1237 West Minister, West Bank Demerara, Guyana, Telephone: 592-643-7252 KAIZEN ENVIRONMENTAL SERVICES (GUYANA) INC. 58 High Street, Kingston, Georgetown, Guyana Telephone: 592-231-0346; 592-231-0348
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Annual Report 2016/2017 KANHAI’S GUYANA ELECTRICAL AGENCY 146 Regent Street, Lacytown, Georgetown, Guyana Telephone: 592-227-2200 Fax: 592-227-8652 KING’S JEWELLERY WORLD 141 Quamina Street, Georgetown, Guyana Telephone: 592-226-0704 Fax: 592-225-2524
LENRAY’S INVESTMENT ENTERPRISE 53 Robb Street, Lacytown, Georgetown, Guyana Telephone: 592-227-0886 LYKENS FUNERAL PARLOUR 18 North & John Streets, Werk-en-Rust, Georgetown, Guyana Telephone: 592-225-9263; 592-227-6815 Fax: 592-225-9263
KOJAC MARKETING AGENCY 140 B Quamina Street, South Cummingsburg, Georgetown, Guyana Telephone: 592-225-5366; 592-227-5095; 592-225-2387 Fax: 592-227-5094
M.P. INSURANCE BROKERS & CONSULTANTS LTD 46 F Brickdam & Boyle Place, Stabroek, Georgetown, Guyana Telephone: 592-227-7782 Fax: 592-227-7783
KROSS KOLOR RECORDS 129 A Duncan Street, Bel Air Park, Georgetown, Guyana Telephone: 592-226-6273
MACHINERY CORPORATION OF GUYANA LTD 26 Providence, East Bank Demerara, Guyana Telephone: 592-265-7315 Fax: 592-265-4885
LAPARKAN HOLDINGS (GUYANA) LIMITED 34-37 Water Street, Georgetown, Guyana Telephone: 592-226-1055 Fax: 592-225-6874
MARICS & COMPANY LIMITED 186-187 Charlotte Street, Lacytown, Georgetown, Guyana Telephone: 592-226-1306; 592-231-9446/9 Fax: 592-227-2417
LASEDEL CONSULTANCY INTERNATIONAL 254 Thomas Street, South Cummingsburg, Georgetown, Guyana Telephone: 592-225-7154
MASSY INDUSTRIES 5 Public Road, Ruimveldt, Georgetown, Guyana Telephone: 592-226-7291-2; 592-226-8491-5 Fax: 592-225-7676
LEN’S 136 Sheriff & 4th Street, Campbellville, Georgetown, Guyana Telephone: 592-227-1511; 592-227-2486 Fax: 592-226-3750
MASSY UNITED INSURANCE 126 F Carmicheal Street, Georgetown, Guyana Telephone: 529-226-1626; 592-226-1926; 592-226-7444 Fax: 592-226-6338
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Annual Report 2016/2017 MC CALMAN AND CO LEGAL SERVICES 185 Charlotte & King Street, Georgetown, Guyana Telephone: 592-231-8567 METRO OFFICE AND COMPUTER SUPPLIES 127 Quamina Street, Georgetown, Guyana Telephone: 592-223-9870; 592-2239879 Fax: 592-223-9877 MMC SECURITY FORCE INC. 95-99 Commercial Blvd, Happy Acres, East Bank Demerara, Guyana Telephone: 592-220-5426; 592-220-5416 Fax: 592-220-6545 MODERN INDUSTRIES LIMITED 3-6 Industrial Site, Ruimveldt, Guyana, Telephone: 592-223-0958/59; 592-225-4705 Fax: 592-227-5265 MUNESHWERS LIMITED 45-47 Water Street, Georgetown, Guyana Telephone: 592-227-7417 Fax: 592-227-7419 N&S ALGOO LICENSED CUSTOMS BROKERAGE 49 Public Road, Kitty, Georgetown, Guyana Telephone: 592-225-5495; 592-231-1746 Fax: 592-225-5497 NATIONAL COMMUNICATIONS NETWORK Homestretch Avenue, Georgetown, Guyana Telephone: 592-223-5162; 592-225-8745 Fax: 592-223-5163
NATIONAL HARDWARE (GUYANA) LTD 15 ‘A’ Water Street, Georgetown, Guyana Telephone: 592-226-6569; 592-227-1964 Fax: 592-226-5280 NATIONS UNIVERSITY/ SCHOOL OF THE NATIONS INC 41-42 New Market Street, North Cummingsburg, Georgetown, Guyana Telephone: 592-226-5781 NEW GPC INC A1 Farm, East Bank Demerara, Guyana Telephone: 592-265-4261 Fax: 592-265-2229 NEW THRIVING CHINESE RESTAURANT 32 Main Street, South Cummingsburg, Georgetown, Guyana Telephone: 592-225-0038 NICKS PHONICS CENTRE 162-163 Lamaha Street, North Cummingburg, Georgetown, Guyana Telephone: 592-227-5973 NT COMPUTEAC 175 Middle Street, North Cummingsburg, Georgetown, Guyana Telephone: 592-223-7442 Fax: 592-223-7443 ORIENTAL GENERAL STORE (GUYANA) LIMITED 15-16 Water & Homes Street, Georgetown, Guyana Telephone: 592-225-5460
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Annual Report 2016/2017 P&P insurance brokers & consultants Limited 35 North & King Streets, Georgetown, Guyana Telephone: 592-225-4106; 592-225-4708 Fax: 592-227-0322
PROFESSIONAL DEVELOPMENT ENTERPRISE 3864-3865 Cane View Avenue, South Ruimveldt Gardens, Georgetown, Guyana Telephone: 592-231-4166
PATSAN TRADING 282 Sheriff & John Streets, Campbellville, Georgetown, Guyana Telephone: 592-225-9832; 592-225-9833; 592-225-9834 Fax: 592-227-7624
PROFESSIONAL GUARD SERVICE 81 4th Street Avenue, Subryanville, Georgetown, Guyana Telephone: 592-225-2375; 592-226-5465; 592-227-5574 Fax: 592-225-2375
PEGASUS HOTEL GUYANA Seawall Road, Kingston, Georgetown, Guyana Telephone: 592-225-8176; 592-225-2853 Fax: 592-225-8176
PROJECT DEVELOPMENT CONSULTANCY 205 Charlotte Street, Lacytown, Georgetown, Guyana Telephone: 592-223-8283
PETER P. IMPORTS & EXPORTS 162 Alexander, Ketty, Georgetown, Guyana Telephone: 592 225-3569; 592 226-7623 Fax: 592 225-7500 POMEROON OIL MILL INC. Mudlot, Kingston, Georgetown, Guyana Telephone: 592-223-5273 Fax: 592-223-5266 PREMIER INTEGRATED EXPERIENCE 521 Mango Lane, East Ruimveldt, Georgetown, Guyana Telephone: 592-231-4510 PREM’S ELECTRICAL STORE 177 Alexander Street, Lacytown, Georgetown, Guyana Telephone: 592-227-7765 Fax: 592-225-0394
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PURAN BROS. DISPOSAL INC. Lot 7 Bella Street, Pouderoyen, West Bank Demerara, Guyana Telephone: 264-1239; 264-2489 Fax: 254-0054 RAJ SINGH INSURANCE BROKERS & RISK MANAGEMENT CONSULTANTS INC. 86 First Street, Alberttown, Georgetown, Guyana Telephone: 592-227-2880; 592-227-0294 Fax: 592-227-3096 RAM & MCRAE 157 ‘C’ Waterloo Street, North Cummingsburg, Georgetown, Guyana P.O. Box 10148 Telephone: 592-226-0322; 592-226-1301 Fax: 592-225-4221 RAMADA GEORGETOWN PRINCESS HOTEL Track ‘BS’ Block 2 Plantation, Providence, East Bank Demerara, Guyana Telephone: 592-265-7009 Fax: 592-265-7002
Annual Report 2016/2017 RAMBARRAN’S ENTERPRISE 10 Meadow Bank, East Bank Demerara, Guyana , Telephone: 592-225-9304; 592-227-5222; 592-226-0772 RAMPS LOGISTICS GUYANA INC 23 Brickdam, Stabroek, Georgetown, Guyana Telephone: 592-223-3770 RENT-A-TENT 1 Rahamans Park East Bank Demerara Guyana Telephone: 592-225-7063 Fax: 592-225-3763 REPUBLIC BANK GUYANA LIMITED 155-156 New Market Street, Georgetown, Guyana Telephone: 592-223-7938-49 Fax: 592-225-3763 Rid-O-Pes 75 6th street, Alberttown , Georgetown, Guyana Telephone: 592-225-5527 Fax: 231-7123 RORAIMA AIRWAYS LIMITED R8 Eping Avenue, Bel Air Park, Georgetown, Guyana Telephone: 592-225-9647; 592-225-9648 Fax: 592-225-9646 RRT ENTERPRISES 107 Regent Road, Bourda, Georgetown, Guyana Telephone: 592-225-1290; 592-225-2237 Fax: 592-225-1290 SAFEWAY SECURITY 153 Oronoque & Regent Streets, Bourda, Georgetown, Guyana Telephone: 592-227-6465; 592-227-6473 Fax: 592-227-6249
SEALAND SURVEYS Sublot E Block A7, Plantation Nouvelle Flaunders, West Coast Demerara, Guyana Telephone: 254-1591 SILVIE’S GENERAL STORE 44 High Street, Werk-En-Rust, Georgetown, Guyana Telephone: 592-225-4360; 592-227-6241 Fax: 592-227-6240 SOLUTIONS PRO 51 Princess Street, Wortmanville, Georgetown, Guyana Telephone: 592 231-8660 SPR ENTERPRISES 45 Brickdam, Georgetown, Guyana Telephone: 592-223-5699 Fax: 592-223-5687 STARR COMPUTER INC. 59 Brickdam, Stabroek, Georgetown, Guyana Telephone: 592-225-4846 Fax: 592-223-7773 STERLING PRODUCTS LIMITED Providence East Bank Demerara Guyana Telephone: 592-265-7403 Fax: 592-265-4956 SUERIA MANUFACTURING INC. Lot 70 Industrial Site, Eccles, East Bank Demerara Guyana Telephone: 592-233-2473; 592-233-2069
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Annual Report 2016/2017 TARGET SHIPPING 5 Avenue of the Republic & Robb Street, Georgetown, Guyana Telephone: 592-231-2990 TCL GUYANA INCORPORATED 2-9 Lombard Street Georgetown, Guyana Telephone: 592-225-7520 Fax: 592-225-7347 TEXILA AMERICAN UNIVERSITY (TAU) Lot “A” Goodverwagting, East Bank Demerara, Guyana Telephone: 592-222-5224; 592-222-5225 Fax: 592-231-8118 THE BRAINSTREET GROUP 287 C Albert Street, Queenstown, Georgetown, Guyana Telephone: 592-225-5353 THE CONSULTANCY GROUP 263 Earl’s Avenue, Subryanville, Georgetown, Guyana Telephone: 592-225-8771; 592-225-8773 THE GIFT CENTRE 46 Hadfield Street & Boyle Place, Stabroek, Georgetown, Guyana Telephone: 592-225-2609; 592-227-7217 Fax: 592-225-0360 THE HARDWARE DEPOT 182 Charlotte Street, Georgetown, Guyana Telephone: 592-226-4165 Fax: 592-226-4050 THE LANGUAGE INSTITUTE 5th First Avenue, Subryanville, Georgetown, Guyana Telephone: 592-231-7323; 592-227-7217
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THE SOLUTION CENTER 104 Campbelle Avenue, Campbellville, Georgetown, Guyana Telephone: 592-643-9775 TONY’S AUTO SPARES 72 Light Street, Alberttown , Georgetown, Guyana Telephone: 592-231-4032; 592-227-8574 Fax: 592-225-1426 TOUCAN INDUSTRIES INC. 10 Water Street, Kingston, Georgetown, Guyana Telephone: 592-225-4607 TRADE-LINC Maraj Building, 3rd Floor, Room G-8, Georgetown, Guyana Telephone: 592-226-5656 TRANS PACIFIC MOTOR SPARES & AUTO SALE INC. Lot 58 Good Hope, East Coast Demerara, Guyana, Telephone: 592-220-9293; 592-220-9184 Fax: 592-220-9796 TSD REGIONAL MANAGEMENT SERVICES LIMITED 77 Brickdam, Stabroek, Georgetown, Guyana Telephone: 592-226-3226-8 Fax: 592-225-7578 U MOBILE (CELLULAR) INC. 9 Fort & Barrack Streets, Kingston, Georgetown, Guyana Telephone: 592-690-0000
UMAMI INCORPORATED 34 Lusignan East Coast Demerara Guyana Telephone: 592-220-9117
UNICOMER GUYANA INC. 25-26 Main Street, Georgetown, Guyana Telephone: 592-225-5886 Fax: 592-227-8751 UNITED INVESTMENT TRADING 141 Camp & Regent Street, Georgetown, Guyana Telephone: 592-226-8858 Fax: 592-226-8859 UNIVERSAL GROUP OF COMPANIES INC. BB Durban & Hardina Streets, Wortmanville, Georgetown, Guyana Telephone: 592-227-4069; 225-2234 Fax: 592-225-2288 VIDEOMEGA PRODUCTION 176 Middle Street South Cummingsburg Georgetown Guyana Telephone: 592-226-9555; 592-225-1594
Annual Report 2016/2017
NON-RESIDENT COMPANIES FUJITSU CARIBBEAN (TRINIDAD) LIMITED 6th Avenue South Extension & Ibis Avenue, Barataria, Trinidad & Tobago Telephone: 1 868 223-2826 Fax: 1 868 675-1956 KPMG TRINRE Building, 69-71 Edward Street, Port of Spain, Trinidad & Tobago Telephone: 868-623-1081 Fax: 686-623-1084 PRICEWATERCOOPERS LIMITED 11-13 Victoria Avenue, Port of Spain, Trinidad & Tobago, Telephone: 868-299-07000 Fax: 868-623-6025
Honorary Member H.E. Luis A. Martino Ambassador of the Argentine Republic The Embassy of Argentina 66 Brummel Place, Stabroek, Georgetown, Guyana
VSH-UNITED (GUYANA) INCORPORATED 103 Carmicheal Street, North Cummingsburg, Georgetown, Guyana Telephone: 592-223-8444 WEBSOURCE GUYANA INC. 212 Camp Street North Cummingsburg Georgetown Telephone: 592-231-1338; 592-223-3216 Yon’s Pro-Fashion 250-251 Section 6, Stabroek Market, Georgetown, Guyana Telephone: 592-644-2424; 592-681-5494
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Annual Report 2016/2017
Mr. Eon Caesar joined the Georgetown Chamber of Commerce and Industry in 2009, marking the beginning of a fruitful and rewarding career in the business of private sector development. As Managing Director of a successful electronic security company, Safeway Security, Mr. Caesar was an active and vocal member of the Chamber who was always willing to lend his voice and expertise to the Chamber's efforts. During his membership, Mr. Caesar displayed the qualities of an exceptional leader and was propelled to senior positions within the Chamber through the support of the Council. Mr. Caesar served with distinction as Junior Vice President, Senior Vice President, and Chairman of the Security and Governance Committee. During his tenure as Chairman of the Security and Governance Committee, Mr. Caesar spearheaded the launching of the GCCI's Code of Conduct which today ensures that all businesses accepted as members of the Chamber are reputable and of good character. He led many of the Chamber's engagements with national stakeholders on security matters and signiďŹ cantly shaped our policy in this regard. Mr. Caesar also assisted in the implementation of the Chamber's Corporate Social Responsibility Programme. Mr. Caesar represented the Chamber on the Security and Governance Committee of the Private Sector Commission, the Guyana Manufacturing and Services Association, and the Guyana Police Force's TrafďŹ c Advisory Board. As a member, Mr. Caesar served the Chamber relentlessly, and as a businessman and an active citizen, he made an invaluable contribution to Guyana in the security and Information and Communication Technology (ICT) sectors.
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