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The Meghalaya State Cooperative Marketing & Consumers’ Federation Ltd., or in abbreviation popularly known as “MECOFED” or the FEDERATION, is a cooperative organisation ,registered under the Meghalaya Cooperative Societies Act  in  1975-76, after taking over the assets and liabilities of the erstwhile Assam Hills Development Corporation. The MECOFED therefore is an Autonomous Cooperative Organization which is managed by a Board of Directors elected by its members in the Annual General Body Meeting as per its Bye-Laws. 

As per the Bye laws, the Management of the Federation rests  with the Board of Directors consisting of 15 members including the  elected Chairman , the elected Vice Chairman , the Managing Director along with 5( five)  Ex-Officio members nominated by the State Government ,besides 2 ( two ) members representing the Central Government.  

The authorized share capital of MECOFED is Rs.25, 00, 00,000 (twenty five crores) only 

Business position

The current business activities of MECOFED are:

1. Procurement and sale of Surplus Agricultural Produce and Minor Forest Produce like Wild Pipple, Turmeric, Ginger, Jute, Potato Seeds etc.

2. Apart from its marketing business activity, MECOFED is also engaged in the sale of LPG, S.K. Oil and Cement.

3. Other business activities include supply of office stationery items office furniture and fixtures, computer peripherals etc. to the offices of the State and Central Government. Supply of tyres, tubes, motor vehicle battery to State Govt. Departments is also one of the business activities of MECOFED.

Currently MECOFED has outlets in Jowai, Sohra, Nongstoin, Tura and Phulbari

Business Turn Over

The business turnover by taking into account the above business activities for the last 5(five) years are as follows:

There are no trading losses. The organisation earns gross profit from its trading activities. Net loss is primarily due to being overstaffed and heavy overheads expenses.

A.    Strength of MECOFED

• Has its own physical infrastructure in most District Headquarters like Shillong Tura, Jowai, Nongstoin Williamnagar, and in Phulbari.

• Has downsized its employees by providing golden handshake scheme.

• Board of Directors has banned fresh recruitment.

B.    MECOFED weaknesses are as below :

• Overstaff

•  Losing out of business

• Its existence is not purely profit objective driven

• Heavy debt burden

• vii. Heavy expenditure on overheads.

C.    Strategies

• Entering into new areas of business, such as in the field of Dairy products, Pharmaceuticals, consumer goods.

• Establishing forward linkages with the National cooperatives and producers of tradable items

• Establishing proper backward linkages with the grass roots level consumer and marketing Cooperative societies with government as a facilitator.

• Winning back some of the lost businesses

• Enhancing the business in Minor forest produce and surplus agricultural products and to include items like Cashew nut, Honey and wax, turmeric, sohiong.

• Right sizing of its employees

• Skill up gradation and training of the remaining employees, through short-term orientation course training on marketing /salesmanship/management.

• Computerization of the business and administration.

• Business target turnover up to the range of 15 crores in the next two years and 20 crores thereafter.

Business statistics from 1975-76 to 2004-05

Sl. No	Year	Turn over (in lakhs)	Gross Profit	Net Profit	Net Loss	Accumulated Loss
1	1975-76	14.49
2	1976-77	45.97	(-) 2.04		6.1	2.9
3	1977-78	58.54	7.45	0.85		2.05
4	1978-79	105.46	13.14	1.41		0.63
5	1979-80	144.39	6.68	0.7	-	0.06
6	1980-81	216.63	8.87	0.04	18.22	0.1
7	1981-82	219.4	(-) 1.34	-	37.59	37.48
8	1982-83	298.83	(-) 12.96	-	66.44	103.92
9	1983-84	246.84	0.59	-	46.15	150.08
10	1984-85	368.29	19.53	-	40.81	198.89
11	1985-86	378.85	9.53	-	78.21	276.99
12	1986-87	473.37	(-) 0.81	-	95.96	373.06
13	1987-88	540.12	39.3	-	73.6	446.67
14	1988-89	720.34	47.54	-	71.43	518.1
15	1989-90	524.91	0.79	-	109.43	627.53
16	1990-91	353.83	1.85	-	58.03	685.57
17	1991-92	463.03	23.91	-	94.01	779.58
18	1992-93	682.01	71.74	-	78.52	858.11
19	1993-94	705.83	80.85	-	70.08	928.19
20	1994-95	565.19	49.14	-	39.67	767.87
21	1995-96	827.33	73.74	-	85.15	1053.02
22	1996-97	826.05	71.65	-	150.51	1203.54
23	1997-98	659.53	67.87	-	93.65	1297.19
24	1998-99	681.11	73.28	-	90.03	1387.23
25	1999-00	673.17	62.97	-	137.65	1524.58
26	2000-01	607.77	41.57	-	176.6	1701.49
27	2001-02	745.96	58.61	-	174.48	1875.97
28	2002-03	928.91	110.45	-	168.92	2044.89
29	2003-04	835.87	72.45	-	217.54	2262.44
30	2004-05

Business Turn Over for 2005 - 06

The annual business turn-over of MECOFED for the year 2005-2006 is Rs.914.22 lakhs and the target of business achievement for the year 2006-2007 is provisionally fixed at Rs.1,000.25 lakhs.  

At present MECOFED’s business activities is sale of Fertilizers and Bone meal, procurement of  Minor Forest Produce and Surplus Agricultural Produce of the State amongst which Wild Pipple, Mustard Seeds, Jute etc. being the major items of procurement. Besides it is also engaged in the sale of S.K. Oil, L.P.G., Cement and Govt. supply of office Stationeries, Computer Peripherals, Tyres, Tubes and Batteries.  

The break-up of the annual business turn-over in respect of sale and procurement only is as follows :-