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DENZONG AGRICULTURE COOPERATIVE SOCIETY LTD. :

The Denzong Agriculture Cooperative Society Ltd. was formed during the year 1965 under Sikkim Cooperative Societies Act, 1955 and with a view to help farmers in creating markets to enable the sales of marketable surplus. Initially, the society had a provision of enrolling progressive grower individual as members. Later with the enactment of the Cooperative Societies Act, 1978, the Society was converted to an apex Cooperative stature with primary co-operatives as its members mostly MPCS.

The organization is uninterruptedly supplying milk, fruits and vegetables, fish and fowls, meat, potato, onion and eggs etc. to the various military units stationed in Sikkim on yearly negotiated supply contract basis through its supply points located mostly in snow bound areas. The bulk procurement of farm surplus from local villagers is collected through member cooperative societies. In order to diversify the business activities, the DACS is in the process of formulating projects on cold storage, running of floor mills etc to meet increasing market demands and create employment opportunities.

The Board of Directors consists of nine (9) members, of which five are nominated by State Govt. including Chairman and Managing Director and three others as representatives of primary cooperatives.
 

Table below showing status of Denzong Agricultural Cooperative Society Ltd.

Sl. No. Particulars Units    2006-07 2007-08 2008-09 2009-10 Provisional 1. Member Society      No.       42 42 42 42 2. Number of branches       "         2 2 2 2 3. Paid up Share Capital Rs in lakhs      70.25 70.25 70.25 70.24 (a) Of which State Govt.      "      63.15 63.15 63.15 63.15 4. Reserves      "      18.60 18.60 18.60 5. Working Capital      "      88.65 88.84 88.84 6. Turnover      "    738.12 813.83 1075.46 1440.43 7. Profit/Loss      " 18.35(NP)   34.89 (NP) 78.37 (NP) 191.27 (NP)

GRAPH SHOWING ANNUAL BUSINESS TURNOVER OF DENZONG AGRICULTURAL COOPERATIVE SOCIETY LTD.