GCCI 2018 and Beyond
Contents
Our Mission, Vision & Core Values
6
Executive Director’s Remarks
7
GCCI President’s Message
8
Past Presidents from 1889 - 2018
10
2018 Evolution of Members for the past 5 years
12
Notice of Annual General Meeting
13
127th Annual General Meeting
14
Organisational Chart
18
Engage. Influence. Achieve.
20
GCCI In The Media
22
Affiliate Organisations
28
Membership by Category & Sector
30
Year In Review 2017-2018 - Meetings, Workshops & Events
32
Independent Auditor’s Report
42
Statement of Financial Position
44
Statement of Comprehensive Income
45
Statement of Changes in Equity
46
Statement of Cash Flows
47
Notes to the Financial Statements
48
Membership List
57
Chamber Profile
Our Mission, Vision & Core Values
The GCCI is the oldest private sector representative organization in Guyana (established in 1890) and is a member-driven and professionally staffed non-profit association of business people committed to improving the economic climate and quality of life in Guyana. We are legislatively mandated under the Georgetown Chamber of Commerce and Industry Act Chapter 89:03 of the laws of Guyana. The Chamber’s strength lies in the size and diversity of its membership—both large and small businesses from virtually every sector are represented.
Mission The GCCI represents the voice of the business community in Guyana and strives to advocate policies, stimulate trade and investment, connect businesses, sustain economic growth and expand member opportunities with the aim of contributing to a stable and sustainable economic and social environment in Guyana where businesses can prosper.
Core Values •
•
• •
Commitment-The Chamber is in business for business and is committed to preserving a stable economic environment, responding to members’ needs, connecting businesses together, improving prosperity and business opportunities within Guyana. Integrity-The Chamber is a non-partisan, open, honest and accountable organisation, which bases its decisions on driving and supporting business development in Guyana. Our members also subscribe to a Code of Conduct in the execution of their operations. Courtesy-It remains a core value of the Chamber that the contribution of its Council, its staff and members is valued and appreciated. Collaboration-The Chamber values strong working relationships with other agencies and stakeholders.
6 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY Est. 1889 & Incorporated 1890
Executive Director’s Remarks FASTER, MORE RELIABLE INFORMATION At the Chamber, we understand the importance of information to strategic management decisions in the fast-paced contemporary business environment. As such, we have begun to streamline the Chamber, with a specific focus, as a hub for information related to trade, commerce and industry in Guyana. In this, our collaboration and working relation with agencies and departments such as Guyana Office for Investment (GO-Invest), Ministry of Business, Ministry of Foreign Affairs and commercial divisions of diplomatic missions are consistently improving. Such an endeavour compounded by faster and more efficient dissemination of information makes membership wholly advantageous and puts our members one step ahead in today’s competitive environment.
PRUDENT FINANCIAL MANAGEMENT
T
The pleasure is mine to present to you the Georgetown Chamber of Commerce & Industry’s Annual Report for the period 2017/2018. In our 129th year, our Chamber has withstood the test of time and whilst our Chamber is growing old, it is certainly not growing cold. In fact, our Chamber continues again this year to be extremely vibrant, especially in the areas of networking, advocacy, and business to business meetings.
STRONG AND GROWING MEMBERSHIP
Despite a slowed economy and the concomitant fiscal constraints, the Chamber continues to grow healthily in its membership, surpassing 200 in 2018 and increasing by more than 20 percent over the previous year. This qualifies the Chamber as having the distinction of being the largest, oldest and most diverse private sector umbrella grouping in Guyana. Such growth in membership is indicative of the value that private sector entities see in the Chamber. It is this value that is offered to our membership that we at the Chamber strive consistently to improve upon.
IMPROVING ‘VALUE FOR MONEY’ Whilst we at the Chamber continue with our traditional services of advocacy, representation and networking, we are consistently looking for ways to improve our Chamber as a business support organization. As such, understanding the dynamics of operating in a ‘value for money’ context, the team at the Chamber has also been working assiduously to enhance the offering of services to our members including enhanced trade facilitation to seek out new markets and sources, strategic partnerships to accelerate business growth and Public-Private Dialogue to facilitate a more conducive business environment.
Strong internal controls and prudent management allow us to remain a financially autonomous organization. This is critical to us at the Chamber as this enables us to maintain an independent voice for the business community. This year, we report a healthy operating surplus of $5.6M, a massive improvement from a few short years ago when the Chamber was at a challenging financial position. This robust surplus comes even as the Chamber undertakes larger, more high-profile events. This is a particular testament to the support by our members who continue to be active, supportive and embracing of the Chamber.
REFLECTING ON BRYONY While it has been another fantastic year for the Chamber, we pause to reflect on the passing of our colleague and friend Bryony Shewraj, who lost her battle with cancer. Bryony served the business community through her employment with the Chamber selflessly and beyond the call of duty for 22 years. Her contributions can never be understated and indeed this was recognized by many, culminating in her ‘Award for Long Service’ at our 2017 Annual Gala and Awards Presentation. The Chamber will miss you dearly Bryony. In closing, I wish to thank the members of the Georgetown Chamber of Commerce & Industry for their unwavering support and continued dedication. Your commitment plays an important role in private sector growth and, by extension, national development. I also wish to personally thank the staff of the Chamber who continues to make the magic happen, almost like the veritable Rumpelstiltskin, spinning straw into gold. To my dear friends, family and colleagues, thank you for your support. I look forward to an even stronger upcoming year as we seek to grow our Chamber, strengthen Guyana’s private sector and improve our beautiful country.
Richard Rambarran Executive Director
ANNUAL REPORT 2017 | 7
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY Est. 1889 & Incorporated 1890
A
GCCI President’s Message
AGM 2018
It is a pleasure to report to you, on behalf of the Council of the GCCI for the financial years 2017-2018. The Georgetown Chamber of Commerce & Industry (GCCI) has continued to distinguish itself over the past year as a premier voice in the business community in Guyana. We have continued to expand our membership which, this year, surpassed 200. This gives the Chamber the distinction of being the oldest and largest Business Support Organization (BSO) in Guyana. Notably, the Chamber continues to facilitate bigger, more high-profile events whilst maintaining its financial soundness and autonomy.
ADVOCACY It was the great Dr. Martin Luther King Jr. who said ‘the greatest tragedy is silence of good men.’ It is with this in mind that, even as the Chamber continued to promote networking and support to the business community, there have been redoubled efforts in the area of advocacy. The start of my Presidency came on the heels of one of the greatest social resistance efforts seen by the Guyanese people in recent memory in the form of the parking meter fiasco. This set the tone early on for the vigour and activism which has come to characterize my Presidency. Throughout the year, our Chamber has continued to be at the forefront of advocacy in Guyana, being able to exert significant influence on public policy – among the many, the removal of the controversial Value Added Tax (VAT) on education and educational services stands foremost in my mind. Some other activities of the Chamber that defined this year were; 1. Fierce advocacy for stimulus for the economic sectors that were seeing some form of decline. 2. Members of the Council did two separate walk around the city of Georgetown to meet and greet businesses and to ascertain business activity and identify areas of concern to businesses 3. We fought for the removal of the 2 am curfew on night businesses, and still continue this battle. 4. The removal of VAT on timber products 5. The removal of VAT on pesticide, herbicide and fertilizer 6. The removal of VAT on Water and Electricity 7. The advocacy for a strengthened, fully equipped Food and Drug department, with a semi-autonomous Board of Directors to oversee its operations. 8. Meeting with GRA often to address business complaints , this was also the case with the Food and Drug Department 9. Countrywide consultation on the Draft Petroleum Bill, in Berbice, Linden, West Coast Demerara and Georgetown. 10. Working with the Ministry of Natural Resources on the Local Content Policy for Guyana.
8 | ANNUAL REPORT 2017
11. Undertaking the lead Role in planning and execution of the First Major Private Sector Commission, ‘Guyana Business Summit’ in October 2017 and Oil and Gas Seminar in March 2018. 12. The Development and Launch of the GCCI Business Guyana Magazine. 13. Fund raising events such as the Business Mixer and The Annual Gala and Awards Dinner that saw about 450 persons attending. 14. Represent the Chamber at GIPEX 2018 on a high level ministerial panel on the topic of oil and gas and what it means for Guyana.
FINANCIALS AND PERFORMANCE Our financial position remains strong for a Business Support Organization (BSO). The Net Surplus was G$ 5.609M for year 2017 (2016-G$ 5.700M), a relatively stable position. Revenue was recorded at G$ 72.450 M in year 2017 (2016- G$ 35.297 M). Expenses for the year were G$ 70.293 M (2016- G$ 32.571M), the increase in revenue and the associated expenses were mainly due to Grant income and expense. Cash and Cash Equivalent G$ 24.6 at the end of the year (2016-$ 31.5M). The reason for the decrease is the deferred income being utilized in year 2017. The revenue stream for the future looks promising as we continue our vigorous efforts to increase membership to the chamber; this now stands at approximately 200 members.
OIL AND GAS DEVELOPMENT IN GUYANA 2020 will be remembered as a watershed moment in the history of Guyana. However, it is during this period in the buildup to 2020 that are pivotal in ensuring that the development path being charted for the country is one which is sustainable as well as allows maximum benefits to be assimilated to Guyanese. Our Chamber believes that it has a responsibility to the private sector and citizens of Guyana to help strengthen the fibres of economic development. It is as a result of this deep-seated sense of responsibility that, since the announcement of major oil discovery in 2015, the Chamber has been one of the organizations at the forefront in offering input into the development of the oil and gas industry. In this regard, the Chamber has adopted a two-pronged approach in promoting local private sector development in and around the industry – these include, ramped up efforts in the area of oil and gas and oil and gas-related advocacy, as well as strategic action to promote private sector development in and around the oil and gas industry. There has been a particular focus by the GCCI on local content side to ensure that indigenous companies are able to garner as much benefit from the value chain of the oil and gas industry. This is being done by constant and sustained advocacy for a local content policy and accompanying legislation. We have also called for the design, development and finalization of the Sovereign Wealth Fund (SWF) legislation which will act as a main safeguard against, ‘the Dutch Disease.’
TRADE FACILITATION Using cooperation with a healthy dose of competition as a guiding philosophy, it is the Chamber’s position that strategic partnerships between local and foreign companies,as well as strengthening bilateral trade relations, will bode well for the promotion of private sector development in Guyana. In this regard, the Chamber has embarked on the adoption of a Memorandum of Understanding between itself and Newfoundland and Labrador Environmental Industry Association (NEIA) of Canada, the Federation of Indian Export Organizations (FIEO) of India and the Chamber of Commerce of the Republic of Cuba. These Memoranda of Understanding (MoUs) will be executed through multi-stakeholder Trade Facilitation Councils which will be responsible for all activities designed to, among other things, promote strategic partnerships through joint, improve bilateral trade, arrange Business to Business meetings (B2B), promote trade missions etc. It is my fervent hope that this acts as a catalyst to private sector growth and, by extension, economic growth by structuring trade, facilitating technology and skills transfer, as well as allowing access to new markets.
WORKING WITH GOVERNMENT AND OTHER STAKEHOLDERS Additionally, our relationship with our partners continues to grow. Locally, the Chamber continues to meet with government agencies which are key to unlocking a more conducive business climate and making it easier to transact business. These include the Guyana Revenue Authority, the Ministry of Public Infrastructure, the Ministry of Finance, the Ministry of Public Health, and the Ministry of Natural Resources, amongst many others. Our Chamber has also been able to establish Dialogue Committees with critical stakeholders for the private sector including the Guyana Police Force and the Guyana Power & Light Inc.
Regionally, the GCCI continued its strong relationship with the Caribbean Development Bank (CDB), executing the first project of its grant funding which targets improving capacity for Micro, Small and Medium Enterprises (MSMEs) in Guyana. More projects are expected to roll out in 2018. With our international partners, our Chamber benefitted from the arrival of a CUSO volunteer to support the resource mobilization activities. This expert is expected to play a pivotal role in mobilizing resources for our Chamber, especially as we undertake to erect a new building for the Chamber, the intended structure nicely decorating the cover of this Annual Report. As we are on the cusp of a new era in Guyana’s development, the Georgetown Chamber of Commerce & Industry will continue to stand side-by-side with the business community, as we have done for the past 129 years.
THE GCCI SECRETARIAT A lot of efforts went into raising funds in the past;I would personally like to acknowledge some of the recent presidents, Executive Management Committee and body of Councillors for continuously working to build up the reserves of the GCCI to make this a reality. We have over the years accumulated funds to rebuild our Chamber secretariat. This is now closer to reality than ever before, we have bill of quantities and contractors estimates. We will obtain bids shortly for the building so this project can be completed. On a more sober and sad note, we have lost one of our longest serving employees, Ms. Bryony Shewraj to Cancer, she worked steadfastly for the Chamber for twenty two (22) years and we said goodbye to her in March 2018.
ACKNOWLEDGEMENTS I would like to thank the Councillors of the Chamber who continue to give their time and effort to improving the business community and contributing to our country’s development; the staff of the Chamber’s Secretariat, whose diligent work in executing, the decisions of Council , ensures that our vision transforms into reality; to all agencies and stakeholders who continue to work with the Chamber in support of the business community; to the media who play a key role in getting our message out; to all our families who stood by us through the difficult moments and give us the strength to keep going; as well as friends, supporters and well-wishers. I would like to also give a special thank you to our members, who are also our sponsors of events,activities, publications and other forms of fund raising that we do. Let us all continue to work harder to support the growth of the private sector and our national development, forging ahead as one people, in one nation, with one destiny.
Sincerely
Deodat Indar President -GCCI
ANNUAL REPORT 2017 | 9
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Est. 1889 & Incorporated 1890
Past Presidents
from 1889 - 2018
No.
PRESIDENT
YEAR SERVED
1
A. Barr
1889 – 1890; 1892
2
T. H. Glennie
1891; 1894
3
G.H Richter
1893
4
A. Weber
1895 – 1896
5
A.P.P. Mackey
1897 – 1898; 1903
6
George Garnett
1899 – 1900; 1905 -1907; 1912 – 1913
7
E. M. Sanderson
1901
8
A. Summerson
1902
9
C.G.A Wyatt
1904; 1908 – 1911
10
C.W. Prest
11
No.
PRESIDENT
YEAR SERVED
25
W.M. Green
1954 – 1957
1914
26
LT. Col. C.M. Bernard, O.B.E., E.D
1958
A.P.G. Austin
1915 – 1916
27
E.S Stoby O.B.E
1959 – 1960
12
A. P. Sherlock
1917 – 1918; 1924
28
H. L. Steele
1961 – 1962
13
C. Martin-Sperry
1919
29
G.W.E. Cooper, O.B.E
1962
14
C. Farrar
1920 – 1922; 1927
30
John Jardim
1963 – 1965
15
T. H. Dalgliesh
1923; 1925 – 1926
31
M.B. Gajraj
1966 – 1967
16
M.B.G. Austin
1928
32
S.M.V. Nasseer
1968 – 1969
17
F. H. Martin-Sperry
1929; 1934 – 1935; 1940 – 1942
33
A.R. Yhap A.A., O.B.E
1970 -1972
18
Jules Pairaudeau
1930
34
N.O. Gonsalves
1973 – 1977
19
F.A. Mackey
1931
35
E.P. Christiani
1978 – 1982
W. G. McKenszie
1983 – 1988
20
H.G. Seaford, O.B.E.
1932 -1933; 1939; 1943-1944; 19491950
36 37
Denis E. Moore
1989 – 1992
38
John S. de Freitas
1992 – 1993
21
J.I. DeAguiar, C.B.E.
1936 – 1938; 1951
39
Hansel W. Barrow
1993 – 1994
22
W. J. Raatgever C.B.E.
1945 – 1948
40
Denis E. Moore
1994 – 1995
23
LT. Col. E.J. Haywood, M.B.E., T.D
1952
41
Manniram Prashad
1995 – 2001
42
Edward Boyer
2001 – 2005
24
J. St. F. Dare
1953
43
Capt. Gerald Gouveia
2005 – 2007
44
Col. (ret) Carl B. Morgan
2007 – 2008
45
ChandradatChintamani
2008 – 2010
46
KomalRamnauth
2010 – 2012
47
Clinton Urling
2012 – 2014
48
Lance Hinds
2014 – 2016
49
Vishnu Doerga
2016-2017
50
Deodat Indar
2017-Present
10 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
New Members for 2017 - 2018 From April 2017 to February 2018, The Chamber added thirty three (33) new members, namely. 1. Engineering Agencies (Caribbean) Limited (ENGAGE) 2. Social Rank Media 3. Sagacity Media 4. Caribbean Surgery Inc. 5. Guyana Marriott Hotel / Atlantic Hotel Inc. 6. Royal Gem Enterprise 7. Live Proactive 8. Naked Skin Soaps 9. V- Net Communications 10. IEM Sales & Services Limited 11. El Dorado Offshore Guyana Inc. 12. Atlantic Marine Inc & Atlantic Mining Supplies 13. Tagman Media 14. A&S Enterprise 15. Demerara Shipping Company Limited 16. JR Ranch Inc. 17. Brittany’s Hotel 18. gtPlaza Inc. 19. OPSEC International (Guyana) Inc. 20. Innovative Building Solutions 21. Big V Enterprise 22. Emporium Investments Bureau Inc. 23. PAS Cargo 24. HBL R. Seebarran & Co. 25. Demerara Bakery 26. Caribbean Vending/TIC Distributors 27. Guyana Oil & Gas Support Services 28. Rapid Results Inc. 29. Optique Vision Care 30. Modern Media Advertising Agency 31. Ramson & Conway & Associates 32. Chateram Ramdihal, Chartered Accountant, Professional Service FIRM 33. Icon LNG Guyana Limited
12 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Notice of Annual General Meeting Notice is hereby given that the 128th Annual General Meeting of the Georgetown Chamber of Commerce & Industry (GCCI) will be held on Thursday, March 29, 2018, at the Roraima Duke Lodge, Symposium, Kingston, Georgetown at 13:00 hours for the following purposes: Agenda 1. Reading of the Notice convening the Meeting 2. Presentation of the President’s 2017/2018 Report 3. Auditors’ Report and Financial Statements for the year ended December 31, 2017 4. Resolutions 5. Election of the 2018/2019 Council 6. Appointment of an Auditor 7. 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 and also nominate their representative and alternate.
BY ORDER OF THE COUNCIL
.................................................. Richard Rambarran Executive Director March 8, 2018
ALL MAIL: 156 Waterloo Street, North Cummingsburg, Georgetown, Guyana, South America Telephone: (592) 225-5846/226-3519/227-6441 Email: gccicommerce2009@gmail.com
ANNUAL REPORT 2017 | 13
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
127th Annual General Meeting The Georgetown Chamber of Commerce and Industry (GCCI) held its 127th Annual General Meeting on Thursday, March 16, 2017 at the Roraima Duke Lodge, Kingston, Georgetown. Following the opening ceremony, twenty-nine (29) members were elected to vie for the twenty-one (21) member council for the year 2017/2018.
No.
Nominees:
Proposed by:
Seconded by:
1
Shanti Persaud
Vishnu Doerga
Komal Ramnauth
2
Lance Hinds
Deslyn Griffith
Komal Ramnauth
3
Nicholas Boyer
Allison Butters-Grant
Vishnu Doerga
4
Deodat Indar
Komal Ramnauth
Vishnu Doerga
5
Eon Grant
Kester Hutson
Deodat Indar
6
Christine Bennett-Blair
Gary Thompson
Deslyn Griffith
7
Anije Lambert
Ayana McCalman
Vishnu Doerga
8
Christopher Ram Jr.
Balkarran Jaimangal
Gerald Gouveia Jr.
9
Navin Prashad
Timothy Tucker
Deodat Indar
10
Sean Ramrattan
Rohini Chandrika
Komal Ramnauth
11
Doris Lewis
Jason Wang
Vishnu Doerga
12
Allison Butters-Grant
Christine Bennett-Blair
Vishnu Doerga
13
Timothy Tucker
Navin Prashad
Kester Hutson
14
Deslyn Griffith
Allison Butters-Grant
Komal Ramnauth
15
Vishnu Doerga
Rosalyn Franklyn
Jason Wang
16
Gary Thompson
Christine Bennett-Blair
Komal Ramnauth
17
Komal Ramnauth
Doris Lewis
Nicholas Boyer
18
Jennifer Cipriani
Rosalyn Franklyn
Vishnu Doerga
19
Gerald Gouveia Jr.
Navin Prashad
Vishnu Doerga
20
Judy Semple-Joseph
Ayana McCalman
Kester Hutson
21
Russell Lancaster
Allison Butters-Grant
Gary Thompson
22
Padma Kunjbeharry
Rosalyn Franklyn
Christopher Ram Jr.
23
Jean-Francois Gerin
Vishnu Doerga
Komal Ramnauth
24
Kester Hutson
Kemraj Misir
Vishnu Doerga
25
Zulfikar Ally
Ramesh Dookhoo
Nicholas Boyer
26
Ayana McCalman
Vishnu Doerga
Nicholas Boyer
27
Robin Muneshwer
Komal Ramnauth
Nicholas Boyer
28
Keleshwar Puran
Komal Ramnauth
Deodat Indar
29
Jason Wang
Doris Lewis
Ramesh Dookhoo
14 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
127th Annual General Meeting Notes: (a) The following members were nominated in their absence: 1) Lance Hinds; 2) Eon Grant; 3) Sean Ramrattan; 4) Padma Kunjbeharry; 5) Robin Muneshwer; and 6) Kaleshwer Puran. (b) Ms. Deslyn Griffith moved the motion to close nominations and it was seconded by Mr. Komal Ramnauth. 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 8: Section 3) to allow members to vote on the twenty-nine (29) nominees for the section of the twenty-one (21) members of the Council, for the year 2017/2018, at the meeting. Thereafter, the 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:
No.
NAME
Organisation
1
Shanti Persaud
Silvie’s Variety Store
2
Jennifer Cipriani
Scotiabank
3
Nicholas Boyer
National Hardware Ltd.
4
Komal Ramnauth
Kojac Marketing Agency
5
Timothy Tucker
Rid-O-Pes
6
Doris Lewis
The Gift Centre
7
Deodat Indar
Sterling Products Limited
8
Lance Hinds
The BrainStreet Group
9
Anije Lambert
Project Development Consultancy
10
Christopher Ram Jr.
Ram & McRae
11
Deslyn Griffith
Extravagant Celebrations
12
Jean-Francois Gerin
Amazon Caribbean Guyana Limited
13
Eon Grant
Republic Bank (Guyana) Limited
14
Gerry Gouveia Jr.
Roraima Airways
15
Kester Hutson
Dapper Technology
16
Navin Prashad
M.P. Insurance Brokers & Consultants
17
Christine Bennett-Blair
Camex Restaurants Inc.
18
Vishnu Doerga
Doerga Business Enterprise
19
Sean Ramrattan
RRT Enterprise
20
Kaleshwar Puran
Puran Brothers Disposal Inc.
Thereafter, the Executive Director announced that the following members all received 22 votes: 1) Allison Butters-Grant; 2) Robin Muneshwer; and 3) Jason Wang. A motion was subsequently moved by Mr. Komal Ramnauth to hold a runoff election for the purpose of electing the last Councillor, place 21, and the motion was seconded by Mr. Nicholas Boyer. The motion was unanimously carried. It was also decided that voting by secret ballot would take place at the Chamber’s Secretariat from Monday, March 20, 2017 until Wednesday, March 22, 2017 at 3:00 p.m.
ANNUAL REPORT 2017 | 15
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
127th Annual General Meeting At the newly elected Council’s first Statutory Meeting, which was held on the 23rd March 2017, the results of the Runoff Election were announced. The locked ballot box was opened in the presence of the Council and the votes were counted. The votes were tallied and presented as follows:
Member
Number of Votes
Robin Muneshwer
16
Allison Butters-Grant
6
Jason Wang
1
The Proper Officer declared Mr. Robin Muneshwer as a member of the Council of the Chamber for the year 2017/2018. 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 2017/2018 on Thursday, March 16th, 2017, the Council held its first Statutory Meeting on Thursday, March 23rd 2017 to elect out of its body its new Executive Management Committee for the year 2017/2018.
Councillors of GCCI 2017-2018
16 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
127th Annual General Meeting
Executive Management Committee 2017-2018.
The following Councillors were elected on Thursday March 23, 2017 as the new Executive Management Committee for the Chamber for the year 2017/2018.
No.
Position
Name
Organisation
1
President
Deodat Indar
Sterling Products Limited
2
Senior Vice-President
Nicholas Boyer
National Hardware (Guyana) Limited
3
Junior Vice-President
Timothy Tucker
Rid-O-Pes
4
Secretary
Kester Hutson
Dapper Technology
5
Treasurer
Robin Muneshwer
Muneshwers Limited
6
Immediate Past President
Vishnu Doerga
Doerga Business Enterprises
ANNUAL REPORT 2017 | 17
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Organisational Chart Members Councillors
PRESIDENT
Deodat Indar
FACILITIES & FUNDRAISING COMMITTEE
SENIOR VICE PRESIDENT
JUNIOR VICE PRESIDENT
HUMAN RESOURCES MANAGEMENT COMMITTEE
MEMBERSHIP COMMITTEE
Nicholas Boyer
Komal Ramnauth
Mr. Christopher Ram Jr.
Sean Ramrattan
Gerry Gouvia Jr.
Timothy Tucker
Anije Lambert
Navin Prashad
TREASURER
Robin Muneshwer
IMMEDIATE PAST PRESIDENT
TRADE AND INVESTMENT
Kester Hutson
Vishnu Doerga
Lance Hinds
EXPORT & IMPORT COMMITTEE
Javed Khan
Doris Lewis
Kaleshwar Puran
Shanti Persaud
Jennifer Cipriani
Christine Bennet Blair
Deslyn Griffith
SECRETARY
Mr. Jean-Francois Gerin
Executive Management Committee
PRESIDENT
Deodat Indar
SENIOR VICE PRESIDENT
Nicholas Boyer
18 | ANNUAL REPORT 2017
JUNIOR VICE PRESIDENT
Timothy Tucker
SECRETARY
Kester Hutson
TREASURER
Robin Muneshwer
IMMEDIATE PAST PRESIDENT
Vishnu Doerga
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Organisational Chart Committees
ADVOCACY, BUSINESS & ECONOMIC AFFAIRS
TRADE AND INVESTMENT
Lance Hinds
Deodat Indar
FACILITIES & FUNDRAISING COMMITTEE
Komal Ramnauth
EXPORT & IMPORT COMMITTEE
Mr. Jean-Francois Gerin
Robin Muneshwer
NATURAL RESOURCES & GREEN ECONOMY COMMITTEE
SECURITY & GOVERNANCE COMMITTEE
HUMAN RESOURCES MANAGEMENT COMMITTEE
FINANCE COMMITTEE
Mr. Sean Kirkpatrick
Mr. Nicholas Boyer
Mr. Christopher Ram Jr.
MEMBERSHIP COMMITTEE
Anije Lambert
RULES COMMITTEE
Mr. Kester Hutson
Secretariat
EXECUTIVE DIRECTOR
Richard Rambarran
STAKEHOLDER RELATIONSHIP MANAGER
Wayne Seecharan
ADMINISTRATIVE ASSISTANT
Bonika Gordon
ACCOUTANT
Leon Prescott
OFFICE ASSISTANT
Bryony Shewraj
ADMINISTRATIVE MANAGER
Sandi Bowen
ANNUAL REPORT 2017 | 19
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
ENGAGE. INFLUENCE. ACHIEVE. The GCCI has established a variety of committees to help advance its mission. Chamber members have the opportunity to become more involved. Serving on a committee allows you to connect with fellow business leaders at a deeper level while at the same time influencing Chamber programs and services. Welcome or recruit new members, develop business programs, share expertise, plan a banquet, even help develop Chamber policy. The opportunities are endless as you help bring people and businesses together. 1.
2.
TRADE AND INVESTMENT COMMITTEE Chairperson: Lance Hinds, The Brain Street Group 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. SECURITY & GOVERNANCE COMMITTEE Chairperson: Sean Kirpatrick, Professional Guard Services 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 SubCommittee, 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.
20 | ANNUAL REPORT 2017
3.
MEMBERSHIP COMMITTEE Chairperson: Anije Lambert, Project Development Consultancy 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.
4.
FINANCE COMMITTEE Chairperson: Robin Muneshwer, Muneshwer’s Limited Terms of Reference • To liaise with Government on Financiallysensitive 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.
5.
FUNDRAISING COMMITTEE Chairperson: Komal Ramnauth, Kojac Marketing Agency 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.
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
ENGAGE. INFLUENCE. ACHIEVE. •
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 Subcommittees 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. 6.
ADVOCACY & ECONOMIC AFFAIRS COMMITTEE Chairperson: Deodat Indar, Sterling Products Limited 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 issue and prepare a sound policy response. • To help prevent frequent changes to the business-related 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.
7.
HUMAN RESOURCE MANAGEMENT COMMITTEE Chairperson: Chris R. Ram, Ram & McRae Terms of Reference • Executive performance reviews. • Executive compensation policies (including obtaining reasonable compensation comparability data, recommending the compensation and/or bonus amount; and following the rebuttable presumption of reasonableness procedures). • Review of pay scales. • Executive and key management succession planning. • Review of staffing structures and needs. • Review of benefits. • Diversity initiatives. • Independent contractor policies. • Volunteer policies. • Internship policies. • Grievance policies.
8.
GREEN ECONOMY COMMITTEE Chairperson: Nicholas Boyer, National Hardware Ltd. 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.
ANNUAL REPORT 2017 | 21
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
GCCI in the MEDIA GCCI President wants ‘expatriate workforce policy’ enshrined ahead of first-oil By Oil Now March 9, 2018
President of the Georgetown Chamber of Commerce and Industry (GCCI), Deodat Indar, is calling on the Guyanese government to immediately put in place measures to regulate the influx of expatriate workers through robust immigration policies and to priorities locals for employment opportunities in the emerging Oil and Gas sector. Mr. Indar was on Tuesday last addressing a Guyana Private Sector Commission’s (PSC) Oil and Gas Seminar held this week in the South American country’s capital, Georgetown...
GCCI condemns ‘investors’ ad February 10, 2018
THE Georgetown Chamber of Commerce and Industry (GCCI) has said that it strongly condemns the paid advertisement which reads to the effect: “Investors, go invest somewhere else,” carried in the February 7, 2018 editions of the Kaieteur News and the Stabroek News. In a press release issued on Friday, the GCCI said that it viewed this mischievous statement as antinational and anti-developmental and believed that such a position should not be condoned by any Guyanese. “The Chamber wishes to reiterate its support for investment in Guyana, which can accelerate economic growth and augment the welfare of the people,” the release said.
22 | ANNUAL REPORT 2017
Oil and Gas Sector…Law firms observe influx of registration by foreign businesses GCCI maintains call for partnership with locals By Kiana Wilburg Dec 03, 2017
The Georgetown Chamber of Commerce and Industry (GCCI) has received several reports from its legal partners regarding an influx of registration by foreign businesses for the oil and gas sector. President of GCCI, Deodat Indar, said that while the Chamber is encouraged by this, it is particularly worried by the absence of partnership with locals. It insists that in order for Guyana’s capacity to grow, there must be joint ventures between foreign companies and locals.
GCCI commends Govt. on reversal of tax measures -but stresses on shortcomings of Budget 2018 Dec 01, 2017
After conducting a quick review of Budget 2018, the Georgetown Chamber of Commerce and Industry (GCCI) noted recently that it was pleased with the reversal of several tax measures. In this regard, it highlighted the removal of Value Added Tax (VAT) on education, the reduction in the Tributors’ Tax from 20 % to 10 % and the exemption of VAT on the supply of logs and rough lumber to the forestry sector. GCCI also said that it views the Minister’s consideration and incorporation of the measures as particularly encouraging, and hopes that this dialogue can extend into the future and other areas of policymaking.
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
GCCI in the MEDIA City Chamber signs MOU with Newfoundland association November 23, 2017 ◄ President of the GCCI, Deodat Indar (right) and Keiran Hanley signing the MOU (GCCI photo)
The Georgetown Chamber of Commerce and Industry, on November 17, 2017, signed a Memorandum of Understanding with the Newfoundland and Labrador Environmental Industry Association (NEIA). According to a GCCI press release, the MOU which provides a framework of understanding and cooperation between the GCCI and the NEIA for the achievement of their common goals related to clean technology, environment and the green economy, was signed during a one-week fact-finding mission in St John, Newfoundland and Labrador which saw the participation of a delegation from Guyana, led by President of the GCCI, Deodat Indar.
Private sector signs MoU with India, Cuba November 4, 2017
Georgetown Chamber of Commerce and Industry (GCCI) and the Chamber of Commerce in Cuba recently signed a Memorandum of Understanding (MoU) during the Havana Internal Fair (FIHAV) 35 in Havana, Cuba. ◄ Federation of Indian Export Organisations, Ganesh Kumar Gupta, and GCCI President Deodat Indar display a copy of the MoU
It means the two business support organizations will expand and deepen trade relations between the two countries. Under the agreement, the GCCI and the Chamber of Commerce of the Republic of Cuba have vowed to exchange information regarding existing business opportunities, expertise, and training as it relates to Guyana’s emerging oil and gas sector, health, retail and the information and communications technology (ICT) sectors, among others.
GCCI consultations on Petroleum Commission Bill… Advisors flag Minister’s uncapped powers By Kiana Wilburg Oct 26, 2017 ◄ From left: Former House Speaker, Ralph Ramkarran, Former Minister of Energy for Trinidad and Tobago, Kevin Ramnarine, and GCCI President, Deodat Indar
Like most pieces of legislation in draft mode, the Petroleum Commission Bill has its fair share of flaws. But the most disturbing of them for anti-corruption advocates and advisors, pertains to the uncapped authority given to the Natural Resources Minister. Not only will the Minister have the power to select the members of the Petroleum Commission, but he can also select and appoint the members of the Board, along with its secretary. In fact, the Minister can even disrupt the work of the Commission as he pleases. These very concerns were raised yesterday at the Duke Lodge Hotel during a consultation on oil and gas development and the Petroleum Commission Bill. The event was hosted by the Georgetown Chamber of Commerce and Industry (GCCI).
ANNUAL REPORT 2017 | 23
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
GCCI in the MEDIA GCCI continues public lecture series on oil and gas Oct 25, 2017
The Georgetown Chamber of Commerce and Industry (GCCI) will continue another round of its three-day series of public lectures on Oil and Gas Sector Development and the draft Petroleum Commission Bill. It is being held today at the Roraima Duke Lodge Hotel in Kingston, Georgetown. The speakers are Kevin Ramnarine, Trinidad and Tobago’s former Minister of Energy; former Speaker of the National Assembly, Ralph Ramkarran and GCCI President, Deodat Indar. The public discussions got underway on Monday in the mining town of Linden. The interaction, which was facilitated by the Linden Chamber of Industry, Commerce and Development, was attended by over 30 businessmen and saw fruitful discussions on matters relating to the oil and gas sector.
Get with the programme –GCCI urges Lindeners to put house in order to benefit from ‘oil money’ By Vanessa Braithwaite October 25, 2017
LINDEN businessmen were on Monday encouraged to become oil-ready as the time for the first oil production is quickly approaching. This encouragement was given by President of the Georgetown Chamber of Commerce (GCC), Mr. Deodat Indar, who, accompanied by former T&T Energy Minister, Mr. Kevin Ramnarine, organised a sensitisation forum with members of the Linden Chamber of Commerce (LCC) and entrepreneurs in Linden. http://guyanachronicle.com/2017/10/25/get-withthe-programme
24 | ANNUAL REPORT 2017
Local private sector for Havana International Fair GCCI, Cuba Chamber to sign MOU September 29, 2017 ◄ The Havana International Fair
Following on the recent significant breakthrough for the Guyana rice industry on the Cuba market, economic and trade relations between the two countries are expected to be further concretized with the signing of a Memorandum of Understanding between the Georgetown Chamber of Commerce and Industry (GCCI) and the Cuban Chamber of Commerce. https://www.stabroeknews.com/2017/ business/09/29/local-private-sector-for-havanainternational-fair/
GCCI President plugs inclusivity GCCI President, Mr Deodat Indar –calls for ‘national conversation’ on oil & gas expenditure
September 12, 2017
PRESIDENT of the Georgetown Chambers of Commerce and Industry (GCCI), Deodat Indar, has called for a national conversation on how the monies generated by Guyana’s prospective oil and gas sector will be expended. Asked by reporters about the issue on the sidelines of a stakeholder engagement recently, Mr Indar opined that there is an entire “laundry list” of matters pertaining to the proposed development of the oil industry before 2020 that needs further examination. http://guyanachronicle.com/2017/09/12/gccipresident-plugs-inclusivity
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
GCCI in the MEDIA Increase in nonperforming loans not good news for private sector –GCCI Head Sep 09, 2017 ◄ GCCI Head, Deodat Indar
Head of the Georgetown Chamber of Commerce and Industry (GCCI), Deodat Indar, believes that the increase in nonperforming loans is not good news for the private sector. Indar made this, among other comments, during a seminar this week for Internal Auditors. There, he said it is important for one to examine the financial sector and the state of affairs regarding nonperforming loans carefully, as this is a clear reflection of the state and performance of the real sectors. https://www.kaieteurnewsonline.com/2017/09/09/ increase-in-nonperforming-loans-not-good-news-forprivate-sector-gcci-head/
GCCI looking to play key role in helping ExxonMobil business centre push local content By Oil Now August 20, 2017
T h e Georgetown Chamber of Commerce and Industry (GCCI) is looking to work closely with E x x o n M o b i l ’s Centre for Local Business Development (CLBD) in Guyana, as part of its push to build capacity across the private sector for the oil and gas industry. A team from GCCI had an opportunity to tour the Centre on Friday to learn more about its services and how the Chamber’s members can benefit. http://oilnow.gy/featured/gcci-looking-to-play-keyrole-in-helping-exxonmobil-business-centre-pushlocal-content/
GCCI launches 8th edition of Business Guyana
Calls on Govt. to keep country safe for health of business Abena Rockcliffe-Campbell Jul 29, 2017 ◄ GCCI 8th Edition of Business Guyana
The success of the private sector is not only determined by economic development of the various sectors, but also by operating in a safe environment, said President of the Georgetown Chamber of Commerce and Industry (GCCI), Deodat Indar. He called on those responsible for the security in Guyana to keep the citizens safe so that business can be conducted in a conducive environment. The call was made on Thursday evening at the Marriott when GCCI launched the 8th Edition of the Business Guyana Magazine. https://www.kaieteurnewsonline.com/2017/07/29/ gcci-launches-8th-edition-of-business-guyana/
GCCI recognises several entities, entrepreneurs for outstanding service Dec 15, 2017 ◄ Entrepreneur, Dr. Rosh Khan (left) receives the Award for Young Business Executive of 2017 from Derek Chin, Chairman and Founder of the Movietowne Franchise
In an effort to recognize the outstanding demonstrations of service and corporate social responsibility for 2017 by entrepreneurs and small and large businesses, the Georgetown Chamber of Commerce and Industry (GCCI) on Wednesday night presented several awards to some of its members. The venue was the Marriott Hotel. https://www.kaieteurnewsonline.com/2017/12/15/ gcci-recognises-several-entities-entrepreneurs-foroutstanding-service/ ANNUAL REPORT 2017 | 25
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
GCCI in the MEDIA Fruits of our labour will soon be realized – GCCI – touts relations with foreign counterparts
Jun 19, 2017
The Georgetown Chamber of Commerce (GCCI) is becoming more proactive. The Chamber is fostering relations with a number of chambers of commerce in the Caribbean, Europe, Asia and North America. According to GCCI’s Executive Director, Kirk Hollingsworth, the fruit of the chamber’s labour will soon be realized. He spoke of these endeavours at GCCI’s most recent press conference. “As a Chamber we are taking a different approach to development in Guyana. We see ourselves as a legitimate partner with government, in terms of the development paradigm of Guyana.” Hollingsworth said that GCCI’s approach will not be just grandstanding and make positions known. However, he was keen to note that “we will at times make constructive criticism as any good partner would do with government”. https://www.kaieteurnewsonline.com/2017/06/19/ fruits-of-our-labour-will-soon-be-realized-gcci/
GCCI to Govt: Manufacturing sector needs incentives, reduced energy costs June 16, 2017
The Georgetown Chamber of Commerce and Industry (GCCI) is calling for the Government to take a more proactive approach to revive the manufacturing sector, in light of that sector’s dismal contribution to the Gross Domestic Product (GDP). Hosting his first press conference as President of GCCI, Deodat Indar made this call on Thursday at the chamber’s headquarters. According to Indar, there is little to no incentive for manufacturers to contribute to the Guyana economy. h tt p : / / w w w. i n e w s g u ya n a .co m /gcc i -to - go v tmanufacturing-sector-needs-incentives-reducedenergy-costs/
26 | ANNUAL REPORT 2017
GCCI wants national database to deter cover-up of contractor’s inefficient works By Abena Rockcliffe-Campbell Jun 16, 2017
The Georgetown Chamber of Commerce and Industry (GCCI) yesterday hosted a press conference at its Waterloo Street office to bring the media up to date on a number of topical issues of interest to the Chamber. At that forum, GCCI’s President Deodat Indar made known the Chamber’s call for a national database containing information of ongoing contracts and the contractors executing such. Indar said that GCCI recently met with Minister of Public Infrastructure, David Patterson. He said that the discussions were fruitful. https://www.kaieteurnewsonline.com/2017/06/16/ gcci-wants-national-database-to-deter-hoarding-ofcontactors-inefficient-works/
Oil and Gas Sector…Law firms observe influx of registration by foreign businesses – GCCI maintains call for partnership with locals
By Kiana Wilburg Dec 03, 2017
The Georgetown Chamber of Commerce and Industry (GCCI) has received several reports from its legal partners regarding an influx of registration by foreign businesses for the oil and gas sector. President of GCCI, Deodat Indar, said that while the Chamber is encouraged by this, it is particularly worried by the absence of partnership with locals. It insists that in order for Guyana’s capacity to grow, there must be joint ventures between foreign companies and locals. https://www.kaieteurnewsonline.com/2017/12/03/ oil-and-gas-sectorlaw-firms-observe-influx-ofregistration-by-foreign-businesses/
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
GCCI in the MEDIA Scotiabank launches third business plan contest for small business owners
Demand for honey exceeds local production – GCCI official Nov 07, 2017
April 5, 2017
▲ Some of the locally produced honey products
▲ From left is winner of the 2016 Vision Achiever LivePitch Business Plan competition, Ria Bryan, representative of Action COACH Vishnu Doerga, Marketing Manager of Scotiabank Jennifer Cipriani, President of the GCCI Deodat Indar and Executive Director of GCCI Kirk Hollingsworth at the launch of the 2017 competition.
Scotiabank in collaboration with the Georgetown Chamber of Commerce and Industry (GCCI) has launched its third Vision Achiever LivePitch Business Plan competition for small business owners. Deodat Indar, the President of GCCI, launched the competition on Monday and he said the GCCI was committed to the partnership with the commercial bank to ensure that there is a continuation of the sustainable programme, which focuses on micro and small businesses. https://www.stabroekne ws.com/2017/ne ws/ stories/04/05/scotiabank-launches-third-businessplan-contest-small-business-owners/
Research has shown that the demand for honey has exceeded the rate of production, locally. As such, the Georgetown Chamber of Commerce and Industry (GCCI) has teamed up with the Caribbean Development Bank (CDB) and Kingdom Apiary Products and Supplies, to enhance the production of bee products, locally. The capacity-building workshop which opened at Duke Lodge in Kingston, Georgetown, yesterday, is set to introduce twenty-five entrepreneurs and prospective beekeepers to apiary management principles for honey and wax production. https://www.kaieteurnewsonline.com/2017/11/07/ demand-for-honey-exceeds-local-production-gcciofficial/
GCCI to push for seats on 16 State Boards Aug 02, 2017
The Georgetown Chamber of Commerce and Industry (GCCI) wants to have greater representation on certain State institutions. To achieve this goal, the Chamber will be pushing to have at least one of its members on each of the 16 State boards. GCCI’s ambition was announced at the recent launch of its eight edition of the Business Journal. At that forum, GCCI’s President, Deodat Indar, outlined some of the Chamber’s plans for the future. He said that over the next two years the Chamber will be advocating for businesses more than ever before. He said that it will be pushing for reduced taxation and reduction of importation issues specifically with customs and food and drugs. https://www.kaieteurnewsonline.com/2017/08/02/ gcci-to-push-for-seats-on-16-state-boards/ ANNUAL REPORT 2017 | 27
AFFILIATE ORGANISATIONS CARIBBEAN DEVELOPMENT BANK “Enhancing the Capacity of Micro, Small and Medium-Sized Enterprises in Guyana” Over the years, the Georgetown Chamber of Commerce and Industry (GCCI) has partnered with the Caribbean Development Bank (CDB) for the execution of a number of development initiatives in Guyana. Most recently, the GCCI partnered with the CDB under its Caribbean Technical Consultancy Services (CTCS) Network through a multi-year agreement to execute capacity building programs for the arts and craft, agro-processing and creative industry sectors. The CDB funded project, “Enhancing the Capacity of Micro, Small and Medium-Sized Enterprises in Guyana”, aims to enhance the managerial, technical and operational capacity of micro, small and medium-sized enterprises (MSMEs) in Guyana, thereby contributing to their increased productivity, profitability and competitiveness. Through the program, the GCCI provides technical assistance to MSMEs through workshops, seminars and organizational attachments to 15 sub-project areas over a three-year period which will target MSMEs in various sectors. CTCS Project Liaison Officer, Eusi Evelyn, has worked thoroughly to promote this project through a number of countrywide consultations, and has collaborated with various stakeholder groups including RDC-Regional Democratic Councils, the Indian Arrival Committee, African Cultural and Development Association, Tourism and Hospitality Association of Guyana, InterAmerican Institute for Cooperation on Agriculture, New Guyana Marketing Corporation, Small Business Bureau, Linden Town Council, Linden Enterprise Network, World University Service of Canada and Kuru Kuru Cooperative College. In 2017, the GCCI facilitated a five-day workshop on “Apiary Management and Principles” which targeted 25 new beekeepers. The workshop was attended by budding entrepreneurs, all excited about finding financial independence through Guyana’s apicultural industry. During the five-day training, attendees were taught instructed on the topics such as the fundamentals of starting an apiary, types of beehives, conditions under which the honeybee colonies thrive, harvesting techniques and packaging and labelling techniques.
28 | ANNUAL REPORT 2017
AFFILIATE ORGANISATIONS
CARIBBEAN DEVELOPMENT BANK
“Improving competitiveness in Guyana and strengthening of small and micro enterprises (SMEs) to increase non-traditional exports” In 2016, the GCCI had also received a grant of US$226,195 from the CDB for the execution of another capacity building project, “Improving Competitiveness in Guyana and Strengthening SMEs to Increase NonTraditional Exports”. The grant was provided through the CARIFORUM-EU Economic Partnership Agreement (EPA) Standby Facility for Capacity Building under the 10th European Development Fund (EDF). The grant resources were used to enhance the export-readiness of enterprises in creative industries, particularly music and art and craft, as well as in agro-processing. The project also sought to build the capacity of business and trade support of business organisations to deliver value-added support services to the targeted industries.
Participants received assistance to develop Export Development Plans which outlined the strategy and actions required for them to successfully enter or deepen their penetration of the targeted markets. Supporting business support organisations (BSOs) also received 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 respective industries. Under this project, various capacity building and sensitization activities were organised by Project Coordinator, Deslyn Griffith, who worked with a number of stakeholder groups around the country.
Wealth Creation Fund 2017 In May 2017, Foundation Seven Music School, a local music school, was awarded a $1M grant along with capacity building and other technical support through a program called the “Wealth Creation Fund”. The program was undertaken by the GCCI through the CDB funded “Improving Competitiveness in Guyana and Strengthening SMEs to Increase Non-Traditional Exports” project. The GCCI collaborated with its partners, Republic Bank (Guyana) Limited, Scotiabank and the Small Business Bureau (SBB) to provide this opportunity for business growth to business persons/organizations within the music, arts and craft or agroprocessing sectors. The goal of the program was to present an opportunity to SMEs across three Non-Traditional Export Sectors to benefit from a comprehensive and participative one year building initiative to gear them with the basic constructs to develop sound financial prudent best practices to sustain financial growth.
Handing over ceremony to Foundation Seven Music School.
ANNUAL REPORT 2017 | 29
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership by Category & Sector Membership By Sector
Agriculture 6 Arts & Craft 6 Automotive 5 Construction 10 Consultancy 9 Data Management 1 Disrtibution 16 Education 8 Energy 3 Entertainment 2 Event Management 1 Financial Services 11 Forestry 1 Health 6 Information Telecommunication 15
Insurance 9 Legal 2 Manufacturing 14 Marketing 4 Merchandising 15 Mining Sector 4 Oil & Gas 3 Pest Control 1 Public Relations 2 Publishing 1 Security 6 Services 14 Shipping 10 Tourism and Hospitality 8 TV/ Video Production 3 Waste Disposal 2
Membership by Sector
1
0
2
4 Waste Disposal Shipping Publishing Oil & Gas Marketing Insurance Forestry Entertainment Disrtibution Construction Agriculture
30 | ANNUAL REPORT 2017
6
8 10 TV/ Video Production Services Public Relations Mining Sector Manufacturing Information Telecommunication Financial Services Energy Data Management Automotive
12
14 Tourism and Hospitality Security Pest Control Merchandising Legal Health Event Management Education Consultancy Arts & Craft
16
18
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership by Category & Sector
Membership Per Category Category-A
A 23.70%
47
Category-B
B 39.39%
78
Category-C
C 19.60%
39
Category-D
D 14.41%
28
Non Resident
Non-Resident
3.03%
6
Member per Category A
B
C
D
Non-Resident
3.03% 14.41%
23.70%
19.60%
39.39%
ANNUAL REPORT 2017 | 31
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
YEAR IN REVIEW 2017-2018 Meetings, Workshops & Events
May 2017 17th May 2017: GCCI President, Mr. Deodat Indar, and Councillors of the GCCI met with representatives of the Caribbean Development Bank (CDB) and the World Bank to discuss the formulation of a Public Private Partnership (PPP) Policy and Legislative Framework in Guyana.
April 2017 5th April 2017: The Executive Management Committee and Council Members of the GCCI visited businesses along Regent Street to listen to their concerns regarding issues affecting the business community.
32 | ANNUAL REPORT 2017
18th April 2017: The GCCI collaborated with global audit, tax and advisory services firm, KMPG (Trinidad and Tobago) to host a VAT Seminar which was facilitated by KPMG Tax Director, Ms. Gillian Wolfee and KPMG Tax Manager, Ms. Saskia Carmichael.
18th May 2017: The GCCI met with Minister of Natural Resources, Hon. Raphael Trotman, and the Ministry’s Permanent Secretary, Joslyn McKenzie, to discuss the development of Guyana’s oil and gas sector. GCCI members had the opportunity to interact with Minister Trotman and voice their concerns.
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
YEAR IN REVIEW 2017-2018 Meetings, Workshops & Events
24th May 2017: The GCCI, in collaboration with its partners, the Small Business Development Bureau (SBB), Republic Bank (Guyana) Limited and Scotiabank announced the winner of the 2017 Wealth Creation Fund Program – Foundation Seven Music School, at a simple press conference.
June 2017 9th June 2017: GCCI President, Deodat Indar, Senior Vice President, Nicholas Boyer and Junior Vice President, Timothy Tucker, met with then Minister of Public Health, Hon. Volda Lawrence, to discuss matters of concern to the business community.
13th June 2017: Senior representatives of the GCCI, along with members hosted a business meeting with a visiting delegation from the Trinidad & Tobago Chamber of Industry and Commerce (TTCIC) at the Roraima Duke Lodge. The meeting provided a good opportunity for networking for members of both organisations, and the TTCIC got an opportunity to learn about the GCCI and its role in the trade environment in Guyana.
14th June 2017: The GCCI met with Minister of Public Infrastructure, Hon. David Patterson, who made a presentation on the Ministry’s work plan for 2017/2018, and discussed with members how the business community can align itself and support the Ministry’s plan for development.
ANNUAL REPORT 2017 | 33
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
YEAR IN REVIEW 2017-2018 Meetings, Workshops & Events
July 22nd 2017: The GCCI’s Executive Management Committee and former Executive Director, Kirk Hollingsworth, had a lunch meeting with outgoing Canadian High Commissioner, Hon. Pierre Giroux and Trade Commissioner, Anand Harilall. A fruitful discussion was held on Guyana’s oil and gas sector.
16th June 2017: GCCI President, Deodat Indar, delivered opening remarks at the opening of Guyana’s first RadioShack store at the Giftland Mall.
JULY 2017 17th July 2017: GCCI President, Deodat Indar, and Senior Vice President, Nicholas Boyer, met with representatives of the International Monetary Fund (IMF), Technical Assistance Mission on the Extractive Industries Taxation & Revenue Management. The discussion centred on the developments in the mining and petroleum sectors, tax and other sectoral issues. 34 | ANNUAL REPORT 2017
20th July 2017: Commissioner General of the Guyana Revenue Authority (GRA), Mr. Godfrey Statia, visited the GCCI as part of an ongoing series of “Conversations with Stakeholders”. Discussions were held on customs and tax concerns, and members received the opportunity to voice issues of concern to the business community.
27th July 2017: The GCCI launched the 8th Edition of its Annual Business Publication, the Business Guyana Magazine, under the theme, “The Promise of Oil”. This was one of the largest events organised by the GCCI with over 300 members of the business community and the diplomatic community in attendance.
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
YEAR IN REVIEW 2017-2018 Meetings, Workshops & Events
September 2017 6th September 2017: GCCI President, Deodat Indar, gave the feature remarks at the Institute of Internal Auditors-Guyana Chapter’s Seminar. Mr. Indar’s remarks addressed “The Role of the Internal Auditor in the Evolving Risks facing the Organization and Adaptability”.
19th September 2017: The Executive Management Committee of the GCCI met with a team from the International Monetary Fund who were conducting a Technical Assistance Program with the Guyana Revenue Authority (GRA). Areas of discussion included the powers of tax officers, interpretations and applications of tax, issued faced with valuations and much more.
24th October 2017: The GCCI hosted a 3-day series of public lectures on “Oil & Gas Sector Development and the draft Petroleum Commission Bill” from the 23rd – 25th October 2017. The first lecture was held in the mining town of Linden and facilitated by the Linden Chamber of Industry, Commerce and Development. Speakers, Kevin Ramnarine (former Minister of Energy – Trinidad & Tobago) and GCCI President, Deodat Indar, briefed the Linden businessmen on how they can get involved in the emerging oil and gas sector by making themselves competitive, and opportunities available for training with organizations such as ExxonMobil’s Centre for Local Business Development. October 2017 20th October 2017: The GCCI held its Business Mixer under the theme, “Conversations & Cocktails”. The event was well attended by members of the business community and representatives of the diplomatic community who took the opportunity to mingle and network in a relaxed environment.
ANNUAL REPORT 2017 | 35
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
YEAR IN REVIEW 2017-2018 Meetings, Workshops & Events
17th November 2017: A Memorandum of Understanding (MOU) was signed between the Georgetown Chamber of Commerce and Industry (GCCI) and the Newfoundland and Labrador Environmental Industry Association (NEIA), continuing a culture of cooperation and information sharing relating to investment, trade and economic opportunities between Guyana and Canada. The MOU was signed during a one-week fact-finding mission in St. Johns, Newfoundland and Labrador which saw the participation of a high-powered private sector delegation from Guyana.
25th October 2017: The GCCI held its third public lecture on “Oil & Gas Sector Development and the draft Petroleum Commission Bill” in Georgetown at the Roraima Duke Lodge. Speakers, Kevin Ramnarine (former Minister of Energy – Trinidad & Tobago) and Ralph Ramkarran, Former Speaker of the National Assembly, were well received as they spoke on the development of Guyana’s emerging oil and gas sector, with special focus on important amendments that should be made to Guyana’s draft Petroleum Commission Bill.
36 | ANNUAL REPORT 2017
November 2017 3rd November 2017: GCCI President, Deodat Indar, attended the Havana International Fair (FIHAV) 35 in Havana, Cuba, where Memoranda of Understanding (MOU) were signed between the GCCI and the Chamber of Commerce of the Republic of Cuba, and the GCCI and the Federation of Indian Export Organizations (FIEO).
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
YEAR IN REVIEW 2017-2018 Meetings, Workshops & Events
December 2017 The GCCI gave recognition to outstanding businesses and individuals in Guyana at its 128th Annual Awards Ceremony and Gala Dinner. This annual event is a great opportunity to recognize and reward outstanding performances of business excellence, while continuing to encourage the entrepreneurial spirit in Guyana. Recipients of the 2017 awards were selected from a robust list of nominees across Guyana. The awardees were:
6th-10th November 2017: A threeyear Caribbean Development Bank (CDB) funded programme aimed at building capacity among micro, small and medium-sized enterprises was launched during November 2017 with a “Theory and Practical Apiculture” Training Seminar. The programme –“Enhancing the capacity of Micro, Small and Medium-size Enterprises in Guyana” is being facilitated by the GGCI with financial and technical support from the CDB through its Caribbean Technological Consultancy Services (CTCS) Network. The five day seminar, which was facilitated by CTCS Liaison Officer, Eusi Evelyn, brought together 25 employed and unemployed persons interested in Apiary.
28th November 2017: The GCCI met with Deputy CEO of the Guyana Power & Light, Mr. Elwyn Marshall and Divisional Director of Operations, Mr. Bharat Harjohn. Strategies for the improvement of the operations of GPL were discussed, and a Dialogue Committee between GPL and the GCCI was established with the intent of deepening the working relationship between the two organisations.
Public Service Award of Excellence – Ministry of Public Infrastructure (in photo, Mr. Geoffrey Vaughn, Chief Works Office, Ministry of Public Service)
Business of the Year (Small-Medium) - Ramps Logistics (Guyana) (in photo, Richard DeNobrega, Operations Director, Ramps Logisitcs)
ANNUAL REPORT 2017 | 37
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
YEAR IN REVIEW 2017-2018 Meetings, Workshops & Events
Business of the Year (Large) – GTT (in photo, Justin Nedd, CEO, GTT) Young Business Executive – Dr. Rosh Khan
Chamber Award – Roraima Duke Lodge (in photo, Sonia Khan, representative of Roraima)
Lifetime Achievement Award – Mr. Edward Boyer Award of Innovation – Innovative Systems (in photo, Richard Langford, CEO, Innovative Systems)
Years of Service – Bryony Shewraj, who was employed with the GCCI for 22 years.
Corporate Citizenship – GTT President’s Award – Gaico Construction & General Services Inc.
38 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
YEAR IN REVIEW 2017-2018 Meetings, Workshops & Events
The Chamber also honoured Impressions and Palm Court with Awards of Appreciation for their continuous support and contribution to the Chamber’s work program.
January 2018 25th January 2018 – Members of the GCCI met with Director of the Government Analyst Food & Drug Department, Mr. Marlon Cole, in an effort to open dialogue between the two bodies in order to be able to understand how the business community can support the plans of the Food & Drug Department.
26th January 2018 – Members of the GCCI participated in an awareness session on ISO Certification which was facilitated by the Guyana National Bureau of Standards. The aim of the session was to sensitize members on the ISO:9001 2015 Standard and highlight the benefits of implementing the IS0 9001 Quality Management System (QMS).
ANNUAL REPORT 2017 | 39
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
YEAR IN REVIEW 2017-2018 Meetings, Workshops & Events
29th January 2017: Members of the GCCI met with representatives of the Dominican Chamber of Commerce (ProDominicana). The aim of the meeting was to open a dialogue about business relationships between Guyana and the Dominican Republic, and also, to present the opportunities available for local companies to participate in the HUB Cámara Santo Domingo 2018, which is the biggest trade fair in the Caribbean.
30th January 2018: Executive Director of the GCCI, Richard Rambarran, met with Country Representative of the Canadian Executive Service Organization (CESO), Ms. Ann Persaud, to discuss the renewal of CESO’s relationship with the GCCI.
40 | ANNUAL REPORT 2017
31st January 2018: The GCCI partnered with the University of the West Indies Arthur Lok Jack Graduate School of Business to host an Information Session on “Defining your Space in the Global Economy”.
15th February 2018: Public-Private Partnership. Members of the GCCI met with Minister of Public Infrastructure, Hon. David Patterson, with the intent of opening dialogue for collaborative effort. During the meeting, Minister Patterson provided updates on a number of projects being executed by the Ministry of Public Infrastructure. Opportunities for collaborations between the public and private sectors were also discussed.
February 2018 6TH February 2018: The GCCI hosted a small reception and networking event for the Canadian Delegation visiting from Newfoundland and Labrador Environmental Industry Association (NEIA) for GIPEX 2018.
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
YEAR IN REVIEW 2017-2018 Meetings, Workshops & Events
20th February 2018: GCCI President, Deodat Indar, and Junior Vice President, Timothy Tucker, met with the Commissioner of Police, Seelall Persaud, and other senior officers of the Guyana Police Force (GPF). The purpose of the meeting was to discuss security concerns in Guyana, collaboration for structured dialogue between the private sector and the GPF, and areas in which the private sector can aid in the development of the GPF.
22nd February 2018: The GCCI hosted its first Business Mixer for the year 2018 at Palm Court (Upper Level). This event saw the attendance of members of the business community from both local and foreign companies including many young professionals, as well as representatives of the Diplomatic Community who took the opportunity to network during an evening of cocktails and conversation.
28th February 2018: The GCCI collaborated with the National Insurance Scheme (NIS) to host an Information Session for members of the GCCI. The goal was to ensure that all members are aware of the benefits offered by the scheme, and also, to help employers, employees and selfemployed persons understand their obligations to NIS.
ANNUAL REPORT 2017 | 41
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GEORGETOWN CHAMBERS OF COMMERCE AND INDUSTRY (AN ENTITY INCORPORATED BY AN ACT OF PARLIAMENT) REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 Opinion We have audited the financial statements of Georgetown Chambers of Commerce and Industry, which comprise the statement of financial position as at 31 December, 2017, and the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies as set out on pages 48 to 56. In our opinion, the accompanying financial statements give a true and fair view of the financial position of the entity as at 31 December, 2017 and financial performance and cash flows for the year then ended in accordance with International Financial Reporting Standards. Basis for opinion We conducted our audit in accordance with International Standards on Auditing. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the Financial Statements section of our report. We are independent of the entity within the meaning of the International Ethics Standards Board for Accountants Code of Ethics and have fulfilled our responsibilities under those ethical requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of Matter We draw attention to the non – provision for taxation, interest and penalty (refer to note 22). Our opinion is not qualified in respect of this matter. Going concern The financial statements of the entity have been prepared using the going concern basis of accounting. The use of this basis of accounting is appropriate unless management either intends to liquidate the entity or to cease operations, or has no realistic alternative but to do so. As part of our audit of the financial statements, we have concluded that management’s use of the going concern basis of accounting in the preparation of the entity’s financial statements is appropriate. Management has not identified a material uncertainty that may cast significant doubt on the entity’s ability to continue as a going concern, and accordingly none is disclosed in the financial statements of the entity. Based on our audit the financial statements of the entity, we also have not identified such a material uncertainty. However, neither management nor the auditor can guarantee the entity’s ability to continue as a going concern. Other Information in the Annual Report Management is responsible for the other information. The other information comprises all the information included in the entity’s annual report 2017, but does not include the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact. We have nothing to report in this regard. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with IFRSs, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Management are responsible for overseeing the entity’s financial reporting process.
42 | ANNUAL REPORT 2017
Auditor’s responsibilities for the audit of the financial statements The objectives of our audit are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes that opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the planning and performance of the audit. We also: •
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omission, misrepresentations, or the override of internal control
•
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control
•
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management
•
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We are also required to provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonable be thought to bear on our independence, and where applicable, related safeguards. The engagement partner of the audit resulting in this independent auditors’ report is Saeed Rahaman. Report on Other Legal and Regulatory Requirements The financial statements comply with the requirements of the Georgetown Chamber of Commerce and Industry Act.
TSD Lal & Co Date: March 15, 2018 77 Brickdam, Stabroek, Georgetown. Guyana.
ANNUAL REPORT 2017 | 43
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Statement of Financial Position As at December 31, 2017
ASSETS G$ G$ Notes 2017 2016 Current assets Cash & cash equivalents 5 24,625,575 31,562,880 Accounts receivable 6 2,945,000 380,000 Deferred expenses 7 33,434 71,966 Other receivable 8 98,840 76,755 Total current assets 27,702,849 32,091,601 Non-current asset Property, plant & equipment 2 (c) & 4 39,524,389 39,586,113 TOTAL ASSETS 67,227,238 71,677,714 LIABILITIES AND EQUITY Current liabilities Accounts payable 9 41,154 442,059 Prepaid income 10 86,437 354,657 Deferred income 11 1,900,020 11,177,958 Other payables 12 600,296 713,451 Contingency fund 13 2,238,499 2,238,499 Provision for tax 22 199,366 199,366 Total current liabilities 5,065,772 15,125,990 Equity Revaluation reserve 4 (a) 36,140,654 36,140,654 Accumulated funds 26,020,812 20,411,070 Total equity 62,161,466 TOTAL LIABILITIES AND EQUITY 67,227,238
56,551,724 71,677,714
On behalf of the Board of Executives
…………………………………… President
…………………………………… Treasurer
The notes on pages 48 to 56 form an integral part of these financial statements.
44 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Statement of Comprehensive Income For the year ended December 31, 2017
G$ G$ Revenue Notes 2017 2016
Grant income 11 43,198,866 11,467,318 Membership subscription 14 9,817,205 8,743,245 Advertisement 15 9,448,448 7,799,990 Workshop - 579,493 Events 16 7,519,300 5,541,925 Sponsorship 17 2,466,723 1,166,000 Total revenue 72,450,542 35,297,971 Other income
18
3,452,879 2,974,523
Expenses Grant expenses Operating expenses Administrative expenses Financial charges
11 19 20 21
43,198,866 11,467,318 13,660,939 8,960,581 13,287,274 12,014,958 146,600 128,736
Total expenses 70,293,679 32,571,593
Surplus 5,609,742 5,700,901
The notes on pages 48 to 56 form an integral part of these financial statements.
ANNUAL REPORT 2017 | 45
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Statement of Changes in Equity
For the year ended December 31, 2017
Revaluation reserve Accumulated surplus Total G$ G$ G$ Balance as at December 31, 2015 36,140,654 14,710,169 50,850,823 Surplus for the year
-
5,700,901
5,700,901
Balance as at December 31, 2016
36,140,654
20,411,070
56,551,724
Surplus for the year
-
5,609,742
5,609,742
Balance as at December 31, 2017
36,140,654
26,020,812
62,161,466
The notes on pages 48 to 56 form an integral part of these financial statements.
46 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Statement of Cash Flows For the year ended December 31, 2017
G$ G$ 2017 2016 Cash flows from operating activities Surplus for the period 5,609,742 5,700,901 Adjustments for :
Loss on disposal - 199,948 Depreciation 471,397 290,454 Operating surplus before changes in working capital 6,081,139 6,191,303 <Increase>/decrease in accounts receivable Decrease in deferred expenses <Increase>/decrease in other receivable Decrease in accounts payable Decrease in prepaid income <Decrease>/increase in other payables
(2,565,000) 982,310 38,532 365,657 (22,085) 80,698 (400,905) (728,381) (268,220) (4,088,343) (113,155) 66,277
Cash generated from operations 2,750,306 2,869,521 Cash flow from investing activity Acquisition of property, plant & equipment
(409,673) (1,408,648)
Cash flow from financing activity Increase/<Decrease> in deferred income
(9,277,939) 10,364,298
Net <decrease>/increase in cash and cash equivalents
(6,937,306) 11,825,171
Cash and cash equivalents at the beginning of the year
31,562,880 19,737,709
Cash and cash equivalents at the end of the year
24,625,575 31,562,880
An analysis of cash & cash equivalents as at December 31, Cash on hand Cash at bank
758,696 38,774 23,866,879 31,524,106
Total 24,625,575 31,562,880
The notes on pages 48 to 56 form an integral part of these financial statements.
ANNUAL REPORT 2017 | 47
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Notes to the Financial Statements
For the year ended December 31, 2017
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; (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.
48 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Notes to the Financial Statements For the year ended December 31, 2017
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)
3
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 2% Office furniture & equipment 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. (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: Revenue from providing related services is recognized when all the following conditions are satisfied: (i) The amount of revenue can be measured reliably; (ii) It is probable that the economic benefits associated with the transaction will flow to the entity; (iii) The cost incurred or to be incurred in respect of the transaction can be measured reliably; and (iv) 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. KEY MANAGEMENT PERSONNEL Management consists of the president, two vice-presidents, treasurer, secretary and sixteen (16) other council members as stipulated by the Act.
ANNUAL REPORT 2017 | 49
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Notes to the Financial Statements
For the year ended December 31, 2017
4 PROPERTY, PLANT & EQUIPMENT Office furniture Land & building & equipment Total Historical cost G$ G$ G$ At January 1, 2017 37,500,000 3,828,709 41,328,709 Additions - 409,673 409,673
At December 31, 2017
37,500,000
4,238,382
41,738,382
At January 1, 2017 Charges for the year
- -
1,742,596 471,397
1,742,596 471,397
At December 31, 2017
-
2,213,993
2,213,993
Net book value
At December 31, 2016 37,500,000 2,086,113 39,586,113
At December 31, 2017 37,500,000 2,024,389 39,524,389
Accumulated depreciation
(a) (b)
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.
At 31 December 2017, had the assets been carried at historical cost, the carrying value would have been G$1,571,714 (2016 - G$1,633,438). 5 CASH & CASH EQUIVALENTS This account comprises: G$ G$ Bank Account# 2017 2016
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 23,866,879 31,524,106
Cash on hand
Total cash & cash equivalents 24,625,575 31,562,880
50 | ANNUAL REPORT 2017
650-216-5 001-260-9 651-908-6 652-070-4 498-581-8 293-030-3 9922 002167558018
422,612 8,980,817 - 9,369,543 - 962,169 2,479,582 1,495,490 2,079,083 2,069,134 - 18,882,138 8,643,489 3,464 3,464
758,696 38,774
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Notes to the Financial Statements For the year ended December 31, 2017
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 2017 2016 Membership subscription 461,000 275,000 Advertisement 250,000 50,000 Workshop - 6,520 Fundraising events 2,234,000 415,500
Provision for doubtful debts
- (367,020)
Total 2,945,000 380,000
7
DEFERRED EXPENSES 33,434
71,966
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 2018 that were incurred in 2017 were deferred to the year 2018. 8 OTHER RECEIVABLES This account consists of: G$ G$ Particulars 2017 2016
Security deposit Prepaid fire insurance Advertisement cost refundable
50,000 50,000 26,952 26,755 21,888 -
Total 98,840 76,755
9
ACCOUNTS PAYABLE This account consists of: Particulars Venue expenses - 419,787 Event Management 36,270 Advertisement 4,884 22,272
Total 41,154 442,059
ANNUAL REPORT 2017 | 51
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Notes to the Financial Statements
For the year ended December 31, 2017
10
PREPAID INCOME This account consists of: G$ G$ Particulars 2017 2016
125th Commemorative magazine Website advertisement Membership subscription
Total 86,437 354,657
80,000 80,000 6,437 - 274,657
11
DEFERRED INCOME Funds received Donor Improving Competitiveness CBD 32,766,491 20,101,847 Caribbean Technology (general) CBD 3,765,477 1,500,490 Caribbean Technology (Apiary) CBD 7,523,978 Managing for Development CBD 786,580 786,580 Female Entrepreneur CUSO 256,360 256,360
Total 45,098,886 22,645,277
Funds disbursed
Improving Competitiveness CBD 32,766,491 9,770,136 Caribbean Technology (general) CBD 3,787,844 654,242 Caribbean Technology (Apiary) CBD 5,601,591 Managing for Development CBD 786,580 786,580 Female Entrepreneur CUSO 256,360 256,360
Total (written back to the statement of comprehensive income) 43,198,866
11,467,318
Balance carried forward
11,177,959
12
OTHER PAYABLES This account consists of: Particulars
1,900,020
Security deposit (rent) 340,000 340,000 Credit card charges 12,390 18,108 Employees’ income tax 83,244 172,171 Contributions 85,411 119,504 Telephone charges 28,945 27,385 Electricity charges 15,000 19,358 Water rates 32,106 12,245 Transportation 3,200 Newspapers - 4,680
Total 600,296 713,451
52 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Notes to the Financial Statements For the year ended December 31, 2017
G$ G$ 2017 2016 13
CONTINGENCY FUND 2,238,499
2,238,499
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 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 2017 is as follows: G$ G$ Particulars 2017 2016 Category A 4,404,835 3,900,000 Category B 3,675,000 3,575,000 Category C 1,062,000 800,000 Category D 264,000 270,000 Non-resident 411,370 198,245
Total 9,817,205 8,743,245 15 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 2017 2016
Business Guyana Magazine Annual Report
8,068,448 6,429,990 1,380,000 1,370,000
Total 9,448,448 7,799,990
ANNUAL REPORT 2017 | 53
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Notes to the Financial Statements
For the year ended December 31, 2017
16 EVENTS Several events were organised, funded and conducted by the Chamber in the year 2017 so as to fulfil its primary objective of promoting business in Guyana. G$ G$ Particulars 2017 2016
Business Guyana Magazine (launch) Awards Gala ceremony Security Exposition & Forum Business Mixer Customer Service Seminar VAT Seminar
2,400,000 955,000 4,368,000 3,809,000 - 777,925 453,000 170,000 128,300 -
Total 7,519,300 5,541,925
17 SPONSORSHIP During the year 2017, sponsorship was received for three events: Particulars
Business Guyana Magazine (launch) Awards Gala ceremony Conversation Circle Oil & Gas Seminar
619,623 270,000 1,777,100 800,000 - 96,000 70,000 -
Total 2,466,723 1,166,000
18 OTHER INCOME This account consists of: Particulars Website 69,563 24,000 Exchange gain 254,554 Administration 748,515 Raffle - 28,000 Logo pins - 3,000 Events 16,500 92,573 Rent 2,053,000 1,719,500 Bank interest 310,747 212,950 Assets located on premises - 894,500 Total 3,452,879 2,974,523
54 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Notes to the Financial Statements For the year ended December 31, 2017
19
OPERATING EXPENSES Expenses incurred in relation to events and workshops funded by the Chamber were recorded under this expense category: G$ G$ Particulars 2017 2016 Magazine 4,011,807 2,713,339 Accommodation 140,246 Research (history) - 270,000 Rent 592,230 590,640 Meals & entertainment 6,558,478 3,003,812 Fundraiser support 83,000 50,000 Advertisement 127,378 169,636 Tickets & invitations 518,438 220,999 Awards 277,020 223,880 Decorations 28,150 8,699 Overseas travel 67,176
Total c/f 12,403,923 7,251,005 Local travel 144,980 196,900 Photography & videography 175,000 40,000 Event management 120,900 Commission 223,753 Stipend 220,000 600,000 Stationery & supplies - 17,656 Fuel 14,000 Cleaning & sanitation 18,360 Casual labour - 5,000 Postage 15,023 Bad debts 325,000 850,020 Total 13,660,939 8,960,581
ANNUAL REPORT 2017 | 55
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Notes to the Financial Statements
For the year ended December 31, 2017
20 ADMINISTRATIVE EXPENSES G$ G$ 2017 2016 Employment costs 7,826,878 8,222,286 Legal & professional fee 720,000 654,375 Honorarium 610,000 Subscription 75,000 75,000 Website advertisement 53,490 59,146 Website hosting & maintenance 233,545 226,756 Repairs & maintenance - building & compound 379,877 52,405 Repairs & mai ntenance - office furniture & equipment 62,709 116,181 Insurance 71,806 72,003 Local travel 172,740 173,240 Rent 59,442 Office expenses 1,100,947 1,026,369 Telephone charges 298,743 228,369 Electricity 249,820 251,303 Internet 136,788 119,600 Water rates 83,575 51,904 Rates & taxes 26,597 27,450 Health & safety 25,080 Meals & entertainment 467,842 49,486 Interest & penalty - 1,747 Advertisement 138,198 11,136 Casual labour - 3,800 Discount allowed - 20,000 Loss on disposal - 199,948 Donation 22,800 82,000 Depreciation 471,397 290,454
Total 13,287,274 12,014,958
21
FINANCIAL CHARGES
Bank charges Exchange loss Overdraft interest Withholding tax
Total 146,600 128,736
73,185 86,147 8,266 3,000 62,149 42,589
22 TAXATION The financial statements were prepared on the basis that the entity was exempted from taxes. 23 APPROVAL OF THE FINANCIAL STATEMENTS The financial statements were approval by the Board of Executives and authorised for issue on March 15, 2018.
56 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 1. A&S Enterprise 5 ‘C’ New Road Vreed-en-Hoop West Coast Demerara Guyana Telephone: 592-254-2015 2. A+ COMPUTER TRAINNING CENTER 25 New Road Vreed-en-Hoop West Coast Demerara Guyana Telephone: 592-254-0426 3. ABDOOL & ABDOOL INC. 11 Avenue of the Republic Georgetown Guyana Telephone: 592 226-9094; 225-3985 Fax: 592-225-8911 4. ACH INC. 37 Austin Street Campbellville Georgetown Guyana Telephone: 592-227-7690 5. AMAZON CARIBBEAN V1 V2 Houston East Bank Demerara Guyana Telephone: 592 226-2828; 592 226-5238 Fax: 592-226-9883 6. ANSA McAL TRADING LIMITED (GUYANA) 60 Beterverwagting East Coast Demerara Georgetown Guyana Telephone: 592 220-0455 Fax 592-220-0796 7. ARUWAI ENTERPRISE INC 13 A Public Road, Huston East Bank Demerara Georgetown Guyana Telephone: 592- 223-2097; 592-227-1987 Fax: 592-223-2091
8. ASSURIA GENERAL (GY) INC. 18 Church Street South Cummingburg Georgetown Guyana Telephone: 592-226-7052; 592-226-7074 Fax: 592-226-7123 9. ATLANTIC HOTEL INC. Alpha Block Kingston Georgetown Guyana Telephone: 592-231-1642 10. ATLANTIC MINING SUPPLIES Lot C Public Road Eccles East Bank Demerara Guyana Telephone: 592233-2554; 592-233-2551 11. AUSTIN’S BOOK STORE 190 Church Street Georgetown Guyana Telephone: 592 226-7350/7 Fax: 592-227-7396 12. B. BHAICHANDEEN LIMITED Church Street Georgetown Guyana Telephone: 592-225-6361 Fax: 592-227-4480 13. B.E.V PROCESSORS INC. Area ‘K’ Houston East Bank Demerara Guyana Telephone: 592 225-2111; 592-226-5738 Fax: 592-225-0015 14. BANK OF NOVA SCOTIA 65 Robb Street Georgetown Guyana Telephone: 592-225-9222 (226); 223-6096 (268) Fax: 592-225-9309
ANNUAL REPORT 2017 | 57
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 15. BANKS DIH LIMITED Thirst Park Ruimveldt Georgetown Guyana Telephone: 592-225-0910 Fax: 592-226-6523
22. CAR CARE ENTERPRISE 43 Hadfield Street Stabroek Georgetown Guyana Telephone: 592-225-6888; 592-226-6162 Fax: 592-227-6136
16. BEHARRY AUTOMOTIVE LIMITED 191 Wellington & Charlotte Street Georgetown Guyana Telephone: 592-227-2526; 592-227-1349 Fax: 592-225-0956
23. CARIBBEAN CHEMICALS (GUYANA) LIMITED 45 Croal Street Stabroek Georgetown Guyana Telephone: 592-225-4178; 592-225-9639 Fax: 592-226-8935
17. BIG V ENTERPRISES 61 Zinnia Avenue Bel Air Park Georgetown Guyana Telephone: 592-226-8362 Fax: 592-227-3692 18. BRAINSTREET GROUP 287 C Albert Street Queenstown Georgetown Guyana Telephone: 592-225-5353 19. BRANDERZ GUYANA 254 Thomas Street South Cummingsburg Georgetown Guyana Telephone: 592-223-5172 20. CALIFORNIA STUCCO GUYANA INC. 96 Bonasika & Sheriff Street Campbellville Georgetown Guyana Telephone: 592-225-5254 21. CAMEX RESTAURANTS INC. Parade Street FedEx Building Georgetown Guyana Telephone: 592-231-8769; 592-231-2243 Fax: 592-231-8768
58 | ANNUAL REPORT 2017
24. CARIBBEAN CONTAINER INC. Public Road Farm East Bank Demerara Guyana Telephone: 592-265-4224, 592-265-4240 Fax: 592-265-4251 25. 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 26. CARIBBEAN SURGERY INC. 270 Thomas Street North Cummingsburg Georgetown Guyana Telephone: 592-227-2030 27. CARIBBEAN VENDING/TIC DISTRIBUTORS 62 Craig Street Campbellville Georgetown Guyana Telephone: 592-615-6666 28. CERULEAN Inc. 14 B LeSovenir Park East Coast Demerara Guyana Telephone: 592-674-0469
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 29. CEVONS WASTE MANAGEMENT INC. 573 Toucan Drive South Ruimveldt Gardens Georgetown Guyana Telephone: 592-218-1156; 592-5105
36. CORUM DISTRIBUTION 141 Camp & Regent Street Georgetown Guyana Telephone: 592-223-4313 Fax: 592-226-8859
30. CHATERAM RAMDIHAL, CHARTERED ACCOUNTANTS, PROFFESSIONAL SERVICE FIRM 128 ‘A’ Carmichael Street South Cummingburg Georgetown Guyana Telephone: 592-223-2660
37. CREDITINFO (GUYANA) INC. 267 New Market Street Georgetown Guyana Telephone: 592-227-7005; 592-227-7009
31. CHINA TRADING 32 Robb Street Lacytown Georgetown Guyana Telephone: 592-231-5878; 592-690-3575 Fax: 592-226-3778 32. CHRISTIAN FRIENDSHIP INTERNATIONAL 724 Kuru Kururu Soesdyke Linden Highway Guyana Telephone: 592-261-6050 33. CLASS & ELEGANCE 399-400 King Street Republic Park East Bank Demerara Guyana Telephone: 592-233-6684 34. COMFORT SLEEP 49 Eccles Industrial Estate East Bank Demerara Guyana Telephone: 592-223-3013; 233-3024; 592-233-2657 35. COMPUTRAIN BUSINESS SERVICE SOLUTIONS 87 C Barrack Street Kingston Georgetown Guyana Telephone: 592-226-7712
38. CUMMINGS WOOD PRODUCTS 1-2 Caledonia East Bank Demerara Guyana Telephone: 592-261-6400/1 39. CURTAINS & DRAPERY DESIGNS 110 Regent Road Bourda Georgetown Guyana Telephone: 592-225-2224 40. D & J SHIPPING SERVICE 61 Fifth Street Alberttown Georgetown Guyana Telephone: 592-223-6056 Fax: 592-223-8479 41. DABI’S VARIETY 40 Robb Street Bourda Georgetown Guyana Telephone: 592-231-2002; 592-226-7723 Fax: 592-225-6309 42. DAPPER TECHNOLOGY 140 ‘B’ Quamina Street South Cummingburg Georgetown Guyana Telephone: 592-231-0044
ANNUAL REPORT 2017 | 59
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 43. DAVID YHANN & SONS CO. LIMITED 76-77 Robb Street Lacytown Georgetown Guyana Telephone: 592-225-3945
50. DIGITAL TECHNOLOGY 20 Public Road Diamond East Bank Demerara Guyana Telephone: 592-265-2932/3 Fax: 592-265-2933
44. Decy’s School of Design & Dress Making 691 7th Street Dazzel Housing Scheme Paradise East Bank Demerara Guyana Telephone: 592-223-8854
51. DILIP’S VARIETY STORE 7-9 Avenue of the Republic Georgetown Guyana Telephone: 592-225-8123; 592-223-0100
45. DEMERARA BAKERY Block G1 Land of Canaan East Bank Demerara Guyana Telephone: 226-5845 46. DEMERARA SHIPPING COMPANY LIMITED 6-12 Water & Schumaker Streets Georgetown Guyana Telephone: 592-225-1900; 592-225-1902 Fax: 592-225-9512 47. DEMERARA TOBACCO COMPANY LIMITED 90 Carmichael Street South Cummingsburg Georgetown Guyana Telephone: 592-225-1900; 592-225-1902 Fax: 592-226-9322 48. DENMOR GARMENTS MANUFACTURERS INC. 7-9 Coldingen Industrial Estate East Coast Demerara Guyana Telephone: 592-270-4513; 592-270-4516 Fax: 592-270-4500 49. DESINCO TRADING COMPANY LIMITED 48 John & Sheriff Street Georgetown Guyana Telephone: 592-226-7109; 592-226-180 Fax: 592-227-6008
60 | ANNUAL REPORT 2017
52. DOERGA BUSINESS ENTERPRISE 120 Parade Street Kingston Georgetown Guyana Telephone: 592-223-7766; 592-223-5555 53. EL DORADO OFFSHORE GUYANA INC. 23 Brackdam Georgetown Guyana Telephone: 592-223-4705; 592-223-3770 54. ELUSIVE EVENTS & BUSINESS SERVICES 87 BB Eccles East Bank Demerara Guyana Telephone: 592-699-6264 55. EMPORIUM INVESTMENTS BUREAU INC 17 Brackdam & Sendall Place Stabroek Georgetown Guyana Telephone: 592-226-9507 56. ENGINEERING AGENCIES (CARIBBEAN) LIMITED (ENGAGE) 78 Chanka Trace El Socorro South El Socorro Trinidad & Tobago Telephone: 868-674-8710; 868-674-9877
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 57. ENVISASE MARKETING & TECHNOLOGY COMPANY 80 Duncan Street, Newtown Kitty Georgetown Guyana Telephone: 592-225-0241
64. GAICO CONSTRUCTION & GENERAL SERVICES INC. 225 New Market Street North Cummingsburg Georgetown Guyana Telephone: 592-226-5165
58. ERNST & YOUNG SERVICES INC Pegasus Hotel Suit 100 Seawall Road Kingston Georgetown Guyana Telephone: 225-2835
65. GAME XPRESS 25 North Road Lacytown Georgetown Guyana Telephone: 592-227-8902 Fax: 592-231-3627
59. ESSO EXPLORATION & PRODUCTION GUYANA LIMITED Lot 99 New Market Street Georgetown Guyana Telephone: 592-231-4187 60. EUPHORIA ENTRAINMENT PARKS 476 Republic Park Perers Hall East Bank Demerara Guyana Telephone: 592-233-6712 61. EUREKA MEDICAL LABORATORIES INC. 263 Thomas Street North Cummingsburg Georgetown Guyana Telephone: 592-227-5131 Fax: 592-226-8979 62. EXTRAVAGANT CELEBRATIONS 763 Pioneer Layne South Ruimveldt Park Georgetown Guyana Telephone: 592 673-5133 63. FUJITSU CARIBEAN (TRINIDAD) LIMITED 6th Avenue South Extension & Ibis Avenue Barataria Trinidad & Tobago Telephone: 868-223-2826 Fax: 868-223-2826
66. GEB SECURITY SERVICES INC. 8-10 Providence East Bank Demerara Guyana Telephone: 592-233-6607; 592-233-6609 Fax: 592-233-6608 67. GEOTECH VISION GUYANA INC. 50 Brickdam Stabroek Georgetown Guyana Telephone: 592-226-4332
68. GERMAN’S RESTAURANT 8 New Market Street Georgetown Guyana Telephone: 592-227-0079; 592-225-3972 69. GIO TECH 64 Middle & Main Street South Cummingsburg Georgetown Guyana Telephone: 592-231-8750 70. GLOBAL MARKETING & BRANDING 1831 Unity Place Festival City North Ruimveldt Georgetown Guyana Telephone: 592-697-0480/ 592-650-6231
ANNUAL REPORT 2017 | 61
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 71. GLOBAL SEAFOOD DISTRIBUTORS 8 West Ruimveldt Industrial Estate Georgetown Guyana Telephone: 592-225-4531 72. GLOBAL TECHNOLOGY INC. 210 Camp & New Market Street Georgetown Guyana Telephone: 592-225-4657; 592-225-3364 Fax: 592-223-7438 73. GRACE KENNEDY REMITTANCE SERVICES 19 C Water Street Georgetown Guyana Telephone: 592-227-5147; 227-5141 Fax: 592-227-5137 74. GREEN TRADE IMPORT INC. 13 North Road & Wellington Street Lacytown Georgetown Guyana Telephone: 592-223-6006 Fax: 592-227-5137 75. GTPLAZA INC. A5 Barima Avenue Bel Air Park Georgetown Guyana Telephone: 592-223-5773 76. GUYANA & TRINIDAD MUTUAL FIRE & LIFE INSURANCE GROUP 27-29 Robb & Hincks Streets Georgetown Guyana Telephone: 592-225-7912 Fax: 592-225-9397 77. GUYANA BANK FOR TRADE & INDUSTRY High & Young Street Kingston Georgetown Guyana Telephone: 592-231-4400/8 Fax: 592-231-4411
62 | ANNUAL REPORT 2017
78. GUYANA BEVERAGES INC. 4 “A’ Area AA Plantation Diamond East Bank Demerara Guyana Telephone: 592-216-1517 79. GUYANA GOLDFIELDS INCORPORATED 7 North Road Lacytown Georgetown Guyana Telephone: 592-227-7062 Fax: 592-225-5824 80. GUYANA LOGISTICS AND SUPPORT SERVICES INC. 110 Duke & Barrack Streets Kingston Georgetown Guyana Telephone: 592-219-5019 Fax: 592-219-5021 81. GUYANA NATIONAL SHIPPING CORPORATION LIMITED 5-9 Lombard Street La Penitence Georgetown Guyana Telephone: 592-226-1840; 592-226-3365 Fax: 592-225-3815 82. GUYANA OIL & GAS SUPPORT SERVICES 17A Water Street Georgetown Guyana Telephone: 592-227-1964 83. GUYANA OIL COMPANY LIMITED 191 Camp Street Georgetown Guyana Telephone: 592-225-1595/8 Fax: 592-225-2320
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 84. GUYANA PUBLICATIONS INC. 46-47 Robb Street Lacytown Georgetown Guyana Telephone: 592-226-2406; 592-227-8527 Fax: 592-226-3237 85. GUYANA TELEPHONE & TELEGRAPH CO. LTD 79 Brickdam Stabroek Georgetown Guyana Telephone: 592-225-1315 86. GUYBISCO INC. 23 Mc Doon East Bank Demerara Guyana Telephone: 592-233-0505 87. GX MEDIA 38 Hibiscus Place Blankenburg West Bank Demerara Guyana Telephone: 592-276-3807 88. HAB INTERNATIONAL 1 Public Road Swiss Machinery Building Eccles East Bank Demerara Guyana Telephone: 592-233-2496/8 Fax: 592-233-2499 89. 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 90. HARRIS PAINTS GUYANA LIMITED 10 Water Street North Cummingsburg Georgetown Guyana Telephone: 592-225-5630; 592-231-9789 Fax: 592-226-7002
91. HBL R. SEEBARRAN & COMPANY 73 Canje Street & Stone Avenue Section K Cambellville Guyana Telephone: 592-226-2078; 592-226-2079 92. ICON LNG 234 Lance Gibbs Street Georgetown Guyana Telephone: 592-218-4892 93. IEM SAALES & SERVICES LIMITED 31 SS Road Duncan V’GE San Fernando Trinidad & Tobago Telephone: 868-652-6312; 868-652-6312 94. IMAGE & LIKENESS 20 B Evergreen Street New Road Vreed-en-Hoop West Coast Demerara Guyana Telephone: 592-664-2039/592-654-9739 95. IMON WIRELESS SOLUTIONS INC. 126 Laluni Street Queenstown Guyana Telephone: 592-231-6545 96. IMPRESSIONS 149 Crown Street Queenstown Georgetown Guyana Telephone: 592-227-7757 97. INDUSTRIAL SUPPLIES & SERVICES 51 Robb & Albert Streets Bourda Georgetown Guyana Telephone: 592-225-6753
ANNUAL REPORT 2017 | 63
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 98. INFOTRANS GUYANA INC. 133 Church Street South Cummingburg Georgetown Guyana Telephone: 226-9873 99. INNOVATIVE BUILDING SOLUTION INC. 196 Duncan Street Lamaha Gardens Georgetown Guyana Telephone: 592-227-2482 100. INNOVATIVE SYSTEMS INC. 43 Croal & Alexander Streets, Stabroek Georgetown Guyana Telephone: 592-226-8964 101. INSURANCE BROKERS OF GUYANA LIMITED 125 Carmicheal Street South Cummingsburg Georgetown Guyana Telephone: 592-226-7261-2 102. INTEGRATED SECURITY SERVICES 21 Peter Rose Street Queenstown Georgetown Guyana Telephone: 592-223-4033; 592-223-4039 103. INTERWEAVE SOLUTION GUYANA INC. 124 First Street Granville Park Beterverwagting East Coast Demerara Guyana Telephone: 592-220-4147; 592-644-7707 104. JOHN FERNANDES LIMITED 24 Water Street Georgetown Guyana Telephone: 592-225-6294; 592-226-3241; 592227-3344 Fax: 592-226-1881
64 | ANNUAL REPORT 2017
105. JOHN LEWIS STYLES 186 Waterloo Street North Cummingsburg Georgetown, Guyana Telephone: 592-231-7321 Fax: 592-231-3941 106. JR RANCH INC 83 Preminsanjan Place North Cummingsburg Georgetown Guyana Telephone: 592-227-7220 107. JUICE UP 1237 West Minister West Bank Demerara Guyana, Telephone: 592-643-7252 108. JTW & ASSOCIATES MANAGEMENT INSTITUTE 157 Waterloo Street North Cummingsburg Georgetown Guyana Telephone: 592-223-5148 109. KAIZEN ENVIRONMENTAL SERVICES (GUYANA) INC. 58 High Street Kingston Georgetown Guyana Telephone: 592-231-0346; 592-231-0348 110. KANHAI’S GUYANA ELECTRICAL AGENCY 146 Regent Street Lacytown Georgetown Guyana Telephone: 592-227-2200 Fax: 592-227-8652 111. KING’S JEWELLERY WORLD 141 Quamina Street Georgetown Guyana Telephone: 592-226-0704 Fax: 592-225-2524
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 112. KOJAC MARKETING AGENCY 140 B Quamina Street South Cummingsburg Georgetown Guyana Telephone: 592-225-5366; 592-227-5095; 592225-2387 Fax: 592-227-5094 113. KPMG Savanna East 11 Queen’s Park East Port of Spain Telephone: 1-868-623-1081 Fax: 1-868-623-1084 114. KROSS KOLOR RECORDS 129 A Duncan Street Bel Air Park Georgetown Guyana Telephone: 592-226-6273 115. LAPARKAN HOLDINGS (GUYANA) LIMITED 34-37 Water Street Georgetown Guyana Telephone: 592-226-1055 Fax: 592-225-6874 116. LASEDEL CONSULTANCY INTERNATIONAL 254 Thomas Street South Cummingsburg Georgetown Guyana Telephone: 592-225-7154 117. LEN’S 136 Sheriff & 4th Street Campbellville Georgetown Guyana Telephone: 592-227-1511; 592-227-2486 Fax: 592-226-3750 118. LENRAY’S INVESTMENT ENTERPRISE 53 Robb Street Lacytown Georgetown Guyana Telephone: 592-227-0886
119. LIVEPROACTIVE 3 David Street & Aubrey Barker Road South Ruimveldt Georgetown Guyana Telephone: 592-658-0024 120. M.P. INSURANCE BROKERS & CONSULTANTS LTD 46 F Brickdam & Boyle Place Stabroek Georgetown Guyana Telephone: 592-227-7782 Fax: 592-227-7783 121. MACHINERY CORPORATION OF GUYANA LTD 26 Providence East Bank Demerara Guyana Telephone: 592-265-7315 Fax: 592-265-4885 122. MARICS & COMPANY LIMITED 186-187 Charlotte Street Lacytown Georgetown Guyana Telephone: 592-226-1306; 592-231-9446/9 Fax: 592-227-2417 123. MASSY INDUSTRIES 5 Public Road Ruimveldt Georgetown Guyana Telephone: 592-226-7291-2; 592-226-8491-5 Fax: 592-225-7676 124. MC CALMAN AND CO LEGAL SERVICES 185 Charlotte & King Street Georgetown Guyana Telephone: 592-231-8567 125. METRO OFFICE AND COMPUTER SUPPLIES 127 Quamina Street Georgetown Guyana Telephone: 592-223-9870; 592-2239879 Fax: 592-223-9877
ANNUAL REPORT 2017 | 65
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 126. 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 127. MODERN INDUSTRIES LIMITED (A.H&L Kissoon) 3-6 Industrial Site, Ruimveldt Guyana Telephone: 592-223-0958/59; 592-225-4705 Fax: 592-227-5265 128. MODERN MEDIA ADVERISING AGENCY 62 Craig Street Campbellville Georgetown Guyana Telephone: 592-615-6666 129. MUNESHWARS LIMITED 45-47 Water Street Georgetown Guyana Telephone: 592-227-7417 Fax: 592-227-7419 130. N&S ALGOO LICENSED CUSTOMS BROKERAGE 49 Public Road Kitty Georgetown Guyana Telephone: 592-225-5495; 592-231-1746 Fax: 592-225-5497 131. NAKED SKIN SOAPS 14 Hague Front West Coast Demerara Guyana Telephone: 592- 653-9816 132. NATIONAL COMMUNICATIONS NETWORK Homestretch Avenue Georgetown Guyana Telephone: 592-223-5162; 592-225-8745 Fax: 592-223-5163
66 | ANNUAL REPORT 2017
133. NATIONAL HARDWARE (GUYANA) LTD 15 ‘A’ Water Street Georgetown Guyana Telephone: 592-226-6569; 592-227-1964 Fax: 592-226-5280 134. NATIONS UNIVERSITY/ SCHOOL OF THE NATIONS INC 41-42 New Market Street North Cummingsburg Georgetown Guyana Telephone: 592-226-5781 135. NEW GPC INC A1 Farm East Bank Demerara Guyana Telephone: 592-265-4261 Fax: 592-265-2229 136. NEW THRIVING CHINESE RESTAURANT 32 Main Street South Cummingsburg Georgetown Guyana Telephone: 592-225-0038 137. NICKS PHONICS CENTRE 162-163 Lamaha Street, North Cummingburg, Georgetown, Guyana Telephone: 592-227-5973 138. NT COMPUTEAC 175 Middle Street North Cummingsburg Georgetown Guyana Telephone: 592-223-7442 Fax: 592-223-7443 139. OPSEC INTERNATIONAL (GUYANA) INC. 176 Charlotte Street Bourda Georgetown Guyana Telephone: 592-231-7482
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 140. OPTIQUE VISION CARE 350 East Street Georgetown Guyana Telephone: 592-266-0126 141. P&P INSURANCE BROKERS & CONSULTANTS LIMITED 35 North & King Streets Georgetown Guyana Telephone: 592-225-4106; 592-225-4708 Fax: 592-227-0322 142. PAS CARGO 188 Waterloo Streets South Cummingsburg Guyana Telephone: 592-223-0739 143. PATSAN TRADING 282 Sheriff & John Streets Campbellville Georgetown Guyana Telephone: 592-225-9832; 592-225-9833; 592225-9834 Fax: 592-227-7624 144. PEGASUS HOTEL GUYANA Seawall Road Kingston Georgetown Guyana Telephone: 592-225-8176; 592-225-2853 Fax: 592-225-8176 145. PETER P. IMPORTS & EXPORTS 162 Alexander Ketty Georgetown Guyana Telephone: 592 225-3569; 592 226-7623 Fax: 592 225-7500 146. POMEROON OIL MILL INC. Mudlot Kingston Georgetown Guyana Telephone: 592-223-5273 Fax: 592-223-5266
147. PREMIER INTEGRATED EXPERIENCE 521 Mango Lane East Ruimveldt Georgetown Guyana Telephone: 592-231-4510 148. PREM’S ELECTRICAL STORE 177 Alexander Street Lacytown Georgetown Guyana Telephone: 592-227-7765 Fax: 592-225-0394 149. PRICEWATERHOUSECOOPERS LIMITED Lot 12-13 Victoria Avenue Port of Spain Trinidad & Tobago Telephone: 868-299-07000 Fax: 868-623-6025 150. PROFESSIONAL DEVELOPMENT ENTERPRISE 3864-3865 Cane View Avenue South Ruimveldt Gardens Georgetown Guyana Telephone: 592-231-4166 151. PROFESSIONAL GUARD SERVICE 81 4th Street Avenue Subryanville Georgetown Guyana Telephone: 592-225-2375; 592-226-5465; 592-227-5574 Fax: 592-225-2375 152. PROJECT DEVELOPMENT CONSULTANCY 205 Charlotte Street Lacytown Georgetown Guyana Telephone: 592-223-8283 153. PURAN BROS. DISPOSAL INC. Lot 7 Bella Street Pouderoyen West Bank Demerara Guyana Telephone: 264-1239; 264-2489 Fax: 254-0054
ANNUAL REPORT 2017 | 67
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 154. 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 155. 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 156. RAMADA GEORGETOWN PRINCESS HOTEL Track ‘BS’ Block 2 Plantation Providence East Bank Demerara Guyana Telephone: 592-265-7009 Fax: 592-265-7002 157. RAMBARRAN’S ENTERPRISE 10 Meadow Bank East Bank Demerara Guyana Telephone: 592-225-9304; 592-227-5222; 592226-0772 158. RAMPS LOGISTICS GUYANA INC 23 Brickdam Stabroek Georgetown Guyana Telephone: 592-223-3770 159. RAMSON & CONWAY & ASSOCIATES 217 South Street Lacytown Georgetown Guyana Telephone: 592-225-7723 160. RAPID RESULTS INC. 161 Lamaha Street North Cummingsburg Georgetown Guyana Telephone: 592-223-4172
68 | ANNUAL REPORT 2017
161. RENT-A-TENT 1 Rahamans Park East Bank Demerara Guyana Telephone: 592-225-7063 Fax: 592-225-3763 162. REPUBLIC BANK GUYANA LIMITED 155-156 New Market Street Georgetown Guyana Telephone: 592-223-7938-49 Fax: 592-225-3763 163. Rid-O-Pes 75 6th street Alberttown Georgetown Guyana Telephone: 592-225-5527 Fax: 231-7123 164. RORAIMA AIRWAYS LIMITED R8 Eping Avenue, Bel Air Park Georgetown Guyana Telephone: 592-225-9647; 592-225-9648 Fax: 592-225-9646 165. RRT ENTERPRISES 107 Regent Road, Bourda, Georgetown Guyana Telephone: 592-225-1290; 592-225-2237 Fax: 592-225-1290 166. SPR ENTERPRISES 45 Brickdam Georgetown Guyana Telephone: 592-223-5699 Fax: 592-223-5687 167. SAFEWAY SECURITY 153 Oronoque & Regent Streets Bourda Georgetown Guyana Telephone: 592-227-6465; 592-227-6473 Fax: 592-227-6249
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 168. SAGACITY MEDIA 127 Island Covent Gardens East Bank Demerara Guyana Telephone: 592-265-4309
175. SUERIA MANUFACTURING INC. Lot 70 Industrial Site Eccles East Bank Demerara Guyana Telephone: 592-233-2473; 592-233-2069
169. SEALAND SURVEYS Sublot E Block A7 Plantation Nouvelle Flaunders West Coast Demerara Guyana Telephone: 254-1591
176. TAGMAN MEDIA 189 Charlotte Street Bourda Georgetown Guyana Telephone: 592-227-8899
170. SILVIE’S GENERAL STORE 44 High Street Werk-En-Rust Georgetown Guyana Telephone: 592-225-4360; 592-227-6241 Fax: 592-227-6240 171. SOCIAL RANK MEDIA 125 Regent Road Bourda Georgetown Guyana Telephone: 592-225-1842
177. TCL GUYANA INCORPORATED 2-9 Lombard Street Georgetown Guyana Telephone: 592-225-7520 Fax: 592-225-7347
172. SOLUTIONS PRO 51 Princess Street Wortmanville Georgetown Guyana Telephone: 592-231-8660 173. STARR COMPUTER INC. 59 Brickdam Stabroek Georgetown Guyana Telephone: 592-225-4846 Fax: 592-223-7773 174. STERLING PRODUCTS LIMITED Providence East Bank Demerara Guyana Telephone: 592-265-7403 Fax: 592-265-4956
178. TEXILA AMERICAN UNIVERSITY (TAU) Lot “A” Goodverwagting East Bank Demerara Guyana Telephone: 592-222-5224; 592-222-5225 Fax: 592-231-8118 179. THE CONSULTANCY GROUP 263 Earl’s Avenue Subryanville Georgetown Guyana Telephone: 592-225-8771; 592-225-8773 180. THE GIFT CENTRE 46 Hadfield Street & Boyle Place Stabroek Georgetown Guyana Telephone: 592-225-2609; 592-227-7217 Fax: 592-225-0360 181. THE HARDWARE DEPOT 182 Charlotte Street Georgetown Guyana Telephone: 592-226-4165 Fax: 592-226-4050
ANNUAL REPORT 2017 | 69
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 182. THE LANGUAGE INSTITUTE 5th First Avenue Subryanville Georgetown Guyana Telephone: 592-231-7323; 592-227-7217
189. U MOBILE (CELLULAR) INC. 9 Fort & Barrack Streets Kingston Georgetown Guyana Telephone: 592-690-0000
183. TONY’S AUTO SPARES 72 Light Street Alberttown Georgetown Guyana Telephone: 592-231-4032; 592-227-8574 Fax: 592-225-1426
190. UMAMI INCORPORATED 34 Lusignan East Coast Demerara Guyana Telephone: 592-220-9117
184. TOSL ENGINEERING LIMITED 8-10 Mararaj Avenue Narabella Trinidad & Tobago Telephone: 1-868-290-8356 Fax: 1-868-653-5404 185. TOUCAN INDUSTRIES INC. 10 Water Street Kingston Georgetown Guyana Telephone:592-225-4607 186. TRADE-LINC Maraj Building 3rdFloor Room G-8 Georgetown Guyana Telephone: 592-226-5656 187. 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 188. TSD REGIONAL MANAGEMENT SERVICES LIMITED 77 Brickdam Stabroek Georgetown Guyana Telephone: 592-226-3226-8 Fax: 592-225-7578
70 | ANNUAL REPORT 2017
191. UNICOMER GUYANA INC. 25-26 Main Street Georgetown Guyana Telephone: 592-225-5886 Fax: 592-227-8751 192. UNITED INVESTMENT TRADING 141 Camp & Regent Street Georgetown Guyana Telephone: 592-226-8858 Fax: 592-226-8859 193. UNIVERSAL GROUP OF COMPANIES INC. BB Durban & Hardina Streets Wortmanville Georgetown Guyana Telephone: 592-227-4069; 225-2234 Fax: 592-225-2288 194. V-NET COMMUNICATION 25 Delph Street Campbellville Georgetown Guyana Telephone: 592-219-4787; 592-219-4788 195. VIDEOMEGA PRODUCTION 176 Middle Street South Cummingsburg Georgetown Guyana Telephone: 592-226-9555; 592-225-1594
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY
Membership List 196. VSH-UNITED (GUYANA) INCORPORATED 103 Carmicheal Street North Cummingsburg Georgetown Guyana Telephone: 592-223-8444 197. WEBSOURCE GUYANA INC. 212 Camp Street North Cummingsburg Georgetown Telephone: 592-231-1338; 592-223-3216 198. YON’S PRO-FASHION 250-251 Section 6 Stabroek Market Georgetown Guyana Telephone: 592-644-2424; 592-681-5494
ANNUAL REPORT 2017 | 71
Notes
72 | ANNUAL REPORT 2017
Notes
ANNUAL REPORT 2017 | 73
Notes
74 | ANNUAL REPORT 2017
GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY 156 Waterloo Street North Cummingsburg Georgetown, Guyana Telephone Numbers 592-226-3519, 225-5846 or 227-6441