Beruflich Dokumente
Kultur Dokumente
he Rubber Committee of the Ceylon Chamber of Commerce, which had addressed the interests of the Rubber Trade since 1891, identified the need for a separate forum to promote the interests of the Rubber Industry. A Attending this meeting were
meeting was held on November 27, 1918, at which the Colombo Rubber Traders' Association [CRTA] was formally inaugurated. personalities well known in the business circles of Colombo, which included Messrs. Hayley, Durrent, Mackwood, Oldfield, Henry De Mel and John Tarbat. Knighthoods were conferred on the last two named gentlemen. The first Chairman of the CRTA was Mr. J. Lochore of Carson & Co. Ltd. Initially, the Committee comprised two nominees each of the sellers and buyers. A Brokers representative was invited to serve on the Committee at a later date. Members of the CRTA Committee were exclusively European, till Mr. S.T.L. De Soysa of C. W. Mackie & Co. Ltd. was elected as one of the buyers representatives in 1945. The first rubber auction was held on November 4, 1910, which was prior to the formation of the CRTA. During the war years, the rubber auction was suspended. The first crepe auction to be conducted following the war was held on June 2, 1950. The first sheet auction was held on April 30, 1981, on the termination of the Rubber/Rice pact with the Peoples Republic of China. The first sale of latex by Auction was held on January 24, 1997.
Mission
To be the Premier Forum for Rubber in the Country
Objectives
To advance efficient and transparent trade between Sellers, Producers, Buyers, Exporters and Dealers. To support the expansion and sustainability of the Rubber Industry in Sri Lanka. To facilitate the development of value addition in the Industry by promoting the manufacture of Rubber based products and to support the Industry efforts in moving up the value chain to achieve greater harmony with the aspirations of consumers. To promote co-operation amongst all sectors of the Industry and, thereby, to create a synergistic and dynamic Rubber industry. To stimulate innovation, investment and enhanced productivity throughout the Industry. To project Sri Lanka Rubber and Rubber based products as leaders in the global markets. To objectively address major issues, which have a bearing on the Rubber Industry. To serve as the voice of the Rubber Industry in dialogue with the Public Sector. To widen the influence of the Rubber Industry by creating and nurturing appropriate links which would be beneficial to it. To encourage the concept of Corporate Social Responsibility, by example, in promoting sound environmental initiatives, desirable business ethics and rational social practices. To safeguard the common interest of members by initiating prompt, legitimate and effective action to satisfy their business and professional needs.
COMMITTEE 2009/2010
CHAIRMAN Mr. M. S. Rahim A. M. Rahim & Co (Pvt) Ltd. VICE CHAIRMAN Mr. S. S. Poholiyadde Kegalle Plantations PLC BUYER REPRESENTATIVES A.M. Rahim & Co. (Pvt) Ltd. C.W. Mackie PLC Eastern Merchants PLC Rajapakse Trading (Pvt) Ltd. Richard Pieris & Co. PLC Shums & Co. Ltd. SELLER REPRESENTATIVES Agalawatte Plantations Ltd. Balangoda Plantations PLC Kegalle Plantations PLC Kelani Valley Plantations PLC Kotagala Plantations PLC Pussellawa Plantations Ltd. BROKER REPRESENTATIVE John Keells PLC BY INVITATION The Planters Association of Ceylon The Colombo Rubber Buyers Association Non - CBA Broker J. D. and Sons (Pvt) Ltd. SECRETARIAT The Ceylon Chamber of Commerce
WAREHOUSE
Mr. A. Edirisinghe (Convenor) Mr. S. A. Eriyagama Mr. A. Jayawickrema Mr. R. Fernando Mr. S. H. Saheed Mr. R. Jansz
REGULATORY REFORMS
Mr. W. T. Ellawala (Convenor) Mr. A. Jayawickrema Mr. M. S. Rahim Mr. S. Wijesekara Mr. S. Poholiyadde Mr. R. Jansz
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MEMBERS
Buyer Members
ALMAR TRADING CO. (PTE) LTD 143/17, Sri Wickrama Mawatha, Colombo 15 Tel : 5340440 Fax : 5344100 ALI BROTHERS (PVT) LTD. 278, Layards Broadway, Colombo 14 Tel : 2330207 8 Fax : 2541104 ASSOCIATED MOTORWAYS LTD 185, Union Place, Colombo 2 Tel : 2309309 Fax : 2323781 ASSOCIATED SPECIALTY RUBBER (PVT) LTD Yatideriya Rubber Factory Undungoda. 71200 Tel : 035-2278812 Fax : 035-2278811 ASSOCIATED TRADERS RUBBER EXPORTS (PVT) LTD. 478/3B, K. Cyril C. Perera Mawatha., Colombo 13 Tel : 2432137 Fax : 2321213 A. L. M. MAHAROOF & CO. 636/ B, Malwatte Malwana. Tel : 2422961/2535221 A. M. RAHIM & CO. LIMITED 64, W. A. D. Ramanayake Mawatha., Colombo 2 Tel : 2320421/2333625/2445856 Fax : 2448345 BATA SHOE COMPANY OF CEYLON LTD 100, General Sir John Kotalawala Road, Ratmalana. Tel : 2633791-3/261247-8 Fax : 2637093
CEAT- KELANI INTERNATIONAL TYRES Co (PVT) LTD P. O. BOX 53, Nungamugoda, Kelaniya. Tel : 2911305/2911241/2911269 Fax : 4817721/2911453 CEYLON TRADING CO. LTD 36, D. R. Wijewardena Mawatha, Colombo 10 Tel : 2327336/9 /2328904/2325665 Fax : 2449586 C. W. MACKIE PLC 36, D. R. Wijewardena Mawatha, Colombo 10 Tel : 2440229/2423554-63 Fax : 2440228 EASTERN MERCHANTS PLC 341, Union Place, Colombo 2 Tel : 2325736/2328406 Fax : 2448474 GLENROSS RUBBER COMPANY B/2, Elvitigala Flats, Elvitigala Mw., Colombo 8 Tel : 2699607 Fax : 2866765 HAMEED BROTHERS COLOMBO (PVT) LTD 377, Grandpass Road, Colombo 14 Tel : 2320832/2324447/2345934-5 Fax : 2335617 JAFFERJEE BROTHERS 150, St. Josephs Street, P O Box 1180, Grandpass Colombo 14 Tel : 2432051/ 2434041 Fax : 2446085 K. R. V. ENTERPRISES 4, Keththarama Mawatha, Grandpass Road, Colombo 14 Tel /Fax : 0722123124/4936826 LANKA PRODUCE TRADERS 308 & 310, Grand Pass Road, Colombo 14 Tel : 2440505
LE-FERNE LABORATORIES (PVT) LTD. 255/3, Highlevel Road, Colombo 5 Tel : 4203328/4203329 Fax : 2813862 LOADSTAR (PVT) LTD Regents Court 218, Minuwangoda Road Ekala, Ja-Ela Tel : 4837659 Fax : 2232828 MALWATTE TRADERS 22, Babapulle Place, Off Grand Pass Road, Colombo 14 Tel : 2439451 MICROCELLS LTD Koskanatte Road, Mampe, Piliyandala Tel : 2708908 Fax : 2708917 OREX TRADING COMPANY No. 107, Biyagama Road, Kelaniya Tel : 2911566/2911236 Fax : 2911566 P. R. & SONS No. 17, Dawalasinghharama Mawatha Colombo 15 Tel : 2546168 POLYDEX (PVT) LTD 69, Jayalath Building, 3rd Floor New Kelani Bridge Road, Orugodawatte Wellampitiya Tel : 2437575/5222111 Fax : 2448223 RAJAPAKSE TRADING (PVT) LTD. 287, Grandpass Road, Colombo 14 Tel : 2433015/2343624 Fax : 2445023 RICHARD PEIRIS & COMPANY PLC 310, High Level Road Nawinna, Maharagama Tel : 4304028/2852644 Fax : 2856787 SHUMS & CO LTD 33A, Queens Road, Colombo 3 Tel : 2580027/2580170/2588470 Fax : 2503619/2503440 6
Seller Members
AGALAWATTE PLANTATIONS PLC 10, Gnanartha Pradeepa Mawatha, Colombo 8 Tel : 2679598-9/2678390 Fax : 2694833 BALANGODA PLANTATIONS PLC P.O.Box No. 6, Palmgarden Ratnapura Tel: : 045 2231445/7 Fax : 045 2223598 ELPITIYA PLANTATIONS PLC 73/3, Ward Place, Colombo 07 Tel : 5335572-74 Fax : 5335573 HAPUGASTENNE PLANTATIONS PLC 186, Vauxhall Street Colombo 2 Tel : 045 2222717/ 2222319 Fax : 045 2222717 HORANA PLANTATIONS PLC 8, Sir Chittampalam A. Gardiner Mawatha, Colombo 02. Tel : 2437431-2 Fax : 2447140 KAHAWATTE PLANTATIONS PLC 52, Maligawatte Road, Colombo 10 Tel : 4723937 Fax : 5335556 KEGALLE PLANTATIONS PLC 310, High Level Road, Nawinna, Maharagama. Tel : 4310823 / 4310799 Fax : 4310799 KELANI VALLEY PLANTATIONS PLC 400, Deans Road, Colombo 10 Tel : 2686274-5/4627243-6 Fax : 2694216 KOTAGALA PLANTATIONS PLC 53 1/1, Sir Baron Jayathileke Mawatha Colombo 1 Tel : 2381508-10 Fax : 2381513 7
MALWATTE VALLEY PLANTATIONS PLC 280, Dam Street, Colombo 12 Tel: 5388800 Fax: 2543937 NAMUNUKULA PLANTATIONS PLC 310, High Level Road Nawinna, Maharagama. Tel : 4310801, 4310500 Fax : 4306726 PUSSELLAWA PLANTATIONS LTD. No. 228, Havelock Road Colombo 5 Tel : 2589804/2585794/2587837 Fax : 2587867 WATAWALA PLANTATIONS PLC No. 60, Dharmapala Mawatha, Colombo 03 Tel :4702400 Fax :4716365
Broker Members
COMMODITY CONSULARS (PVT) LTD 49/4, Sir Chiththampalam A Gardiner Mawatha, Colombo 2 Tel : 0777 700 999 Fax : 5665429 EAST WEST BROKERS (PVT) LIMITED 23-1/14, Mathew Building, Colombo 1 Tel : 2382795, 2382796 Fax : 2382796 FORBES & WALKER COMMODITY BROKERS (PVT) LTD 46/38, Navam Mawatha, Colombo 2 Tel : 2433720/43 Fax : 2437147 H. W. J. DIAS & BROS (PVT) LTD. 33A, Queens Road, Colombo 3 Tel : 5653261 Fax : 4335061 J. D. & SONS (PRIVATE) LTD. 37/3, Pedris Road, Colombo 3 Tel : 2370647 Fax : 5555258 JOHN KEELLS PLC 130, Glennie Street, Colombo 2. Tel : 2306551 Fax : 2326121 LANKA COMMODITY BROKERS LTD No. 97 Ananda Rajakaruna Mawatha Colombo 10 Tel : 5377080-3 Fax : 5377090 M. Z. M. MOHIDEEN & SONS 235-1/2, Olcott Mawatha, Colombo 11 Tel : 2326484 / 0777316415 Fax : 2421542 RANSRI ENTERPRISES (PVT) LTD. 199/96, Obeyesekere Cresent, Rajagiriya. Tel : 5653261 Fax : 4335061 SIYAKA PRODUCE BROKERS (PVT) LTD. 120/15, Vidya Mawatha, Colombo 07 Tel : 4939438 Fax : 2678145 9
In contrast to 2008, it was crepe rubber that, in 2009, recorded an increase in volume and that, too, to a significant extent of 46.5 percent over the previous year, which accounted for over a 38 per cent increase in its share of the total production. Sheet rubber registered a marginal decline.
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Latex & Other 18.4 26.0 29.7 28.0 31.5 35.6 29.9
DOMESTIC CONSUMPTION
Despite the negative impact of the global economic down turn on natural rubber manufactured products, domestic consumption recorded a 6 per cent increase, following the trend of the preceding three years. A 15 percent increase in export volumes could have been a contributory factor to this.
TABLE 3 DOMESTIC CONSUMPTION OF NATURAL RUBBER 2005-2009 (IN THOUSAND TONS) Category Total Dry Rubber Latex Total 2005 41.83 30.91 72.74 2006 36.91 26.15 63.06 2007 42.37 31.49 73.86 2008 46.15 33.97 80.12 2009 48.04 36.90 84.94
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CULTIVATION
The observation made under this caption in the Annual Report of last year warrants repetition, on the grounds of the various comments made by Buyers on quality deficiencies. Although the average yield per hectare in 2009 still fell short of the projected potential yield per hectare of 1,500 kgs per annum, despite its continued progressive improvement, the priority of rubber industry should not only be focused on the need to improve productivity, but also quality, to maintain its competitiveness and to penetrate more effectively the international market for natural rubber. The Rubber Research Institute, notwithstanding the scarcity of funds for research and development initiatives, continues its pursuit of identifying agronomic practices and technological improvements to enhance productivity and quality. Its recommendations included a downward revision in planting density, to avoid productivity impairment through over-crowding, and a reduction in the tapping cycle. It introduced five new high yielding clones and developed low protein concentrated latex for use in the manufacture of surgical gloves. It also developed the adaptation of the single day smoke drying system for the large scale plantation sector. The Rubber Development Department, in conjunction with the Wellassa Project, continues to be active in providing planting material from nurseries to smallholders. With the facilitation of the International Fund for Agricultural Development, the RDD further invested in the Moneragala Rubber Development Programme to expand rubber cultivation. It also helped implement the Governments relief schemes for smallholders, when prices were depressed.
EXPORTS
Exports recorded a 15 per cent increase over the previous year. However, the average prices for all grades were lower than those achieved in 2007 and 2008. The recovery during the second half the year, with the gradual global economic resurgence, the rise in crude oil prices and a shortage in world natural rubber supplies, as a consequence of unfavourable weather conditions in the major producing countries, Thailand, Malaysia and Thailand, could not, on average, offset the depressed price levels that prevailed in the first six months. TABLE 4 EXPORTS OF RUBBER (IN THOUSAND TONS) Year 2005 2006 2007 2008 2009 Sheet Rubber 12.24 19.80 18.08 17.26 24.40 Sole Crepe 2.72 2.49 3.22 3.28 2.11 Scrap Crepe 3.05 0.60 0.66 0.50 0.23 Latex Crepe 12.37 16.33 17.50 15.33 13.68 TSR 2.18 4.51 5.98 4.99 6.54 Latex & Other 1.85 2.60 5.98 7.25 9.03 Total 34.41 46.34 51.42 48.62 55.99
TABLE 5 EXPORTS OF NATURAL RUBBER FROM SRI LANKA FOR 2009 (Mn Kgs)
2009
CREPE RUBBER Sole Crepe Vietnam South Africa Hong Kong Saudi Arabia Bangladesh Other Total Latex Crepe Malaysia Japan Singapore Italy Other Total Scrap Crepe Malaysia Other Total SHEET RUBBER RSS India Pakistan China U.S.A Malaysia Other Total LATEX & OTHER TSR Total GRAND TOTAL 11.23 6.12 1.75 1.37 1.25 2.68 24.40 9.03 6.54 15.57 55.99
Source: Rubber Development Department
0.70 0.41 0.34 0.13 0.10 0.43 2.11 4.83 1.23 1.12 0.78 5.72 13.68 0.16 0.07 0.23
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The average yield per hectare registered an improvement of 4 per cent. Export prices declined by 27 per cent. Of concern was the sharp drop in re-planting, while the extent of new planted areas slowed down. The cost of production was well contained, mainly on account of an increase in productivity. The statistical overview of Sri Lankas Rubber Industry for 2007-2009 is shown in Table 7. [Overleaf]
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TABLE 7 STATISTICAL OVERVIEW OF THE RUBBER INDUSTRY 2007-2009 ITEM Production Total extent (f) Area under tapping (f) Yield Cost of Production (g) Average price Colombo Auction (RSS1) Export (fob) Replanting (h) New planting (h) Rs./kg. Rs./kg. Hectares Hectares 234.22 234.48 5,192 2,034 269.51 278.20 6,105 2,436 211.65 202.23 1,002 1,156 UNIT Kg mn Hectares 000 Hectares 000 kg./ hectare Rs./kg. 2007 117.6 120 94 1,261 112.69 2008 (a) 129.2 122 94 1,382 114.00 2009(b) 136.9 124 95 1,437 115.50
Source : Central Bank of Sri Lanka (a) Revised (b) Provisional (f) Extent under rubber is based on the Census of Agriculture conducted by the Department of Census & Statistics in 2002 (g) Cost of production revised in 2002 based on a survey conducted by the Rubber Development Department in 2003. (h) Extents covered by cultivation assistance schemes of the Rubber Development Department.
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It was proposed that a Sub-Committee be appointed to study the Bye-Laws and Conditions for the Sale of Rubber by Public Auctions in relation to the role and liabilities of Brokers, in the context of the risks of insolvency. The absence of a Regulatory Authority for the Rubber Industry, in contrast to the Sri Lanka Tea Board, a State Institution, vis--vis the Tea Industry, amplified the risk. The following were nominated to review the Bye-Laws, in consultation with the CCC Legal Manager: Sellers Representatives: Buyers Representatives: Brokers Representatives: Mr. L. Obeyesekere Mr. S. Poholiyadde Mr. M.S Rahim Mr. S. Shaheed Mr. A. Jayawickrema Mr. M. Dias
WEBSITE DEVELOPMENT
The Committee decided to develop/re-constitute an upgraded website for the Association, which project has now been completed. This will provide more comprehensive and updated information on the Association and the Industry.
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CURRENT NEWS
Large Delegation from Sri Lanka attended the ASEAN Rubber Conference 2010 held in Kuala Lumpur, Malaysia from 17th 19th June 2010.
Mr. M. S. Rahim, Chairman, CRTA receives a souvenir from Hon. Tan Bernard Giluk Dampok, Minister of Plantation Industries & Commodities, Malaysia. Looking on is Mr. Stephen Lai, CEO Nextview, organizers of the conference.
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The Following were approved as Arbitrators for the year 2009/2010 Rubber Mr. M. S. Rahim Mr. M. F. Jiffry Mr. J. B. L. De Silva Mr. S. Poholiyadde Mr. R. Jansz Mr. D. C. A. Wickramasinghe Mr. U. Bandaranayake Mr. R. C. Peiris A. M. Rahim & Company Shums & Co. Ltd. Eastern Merchants PLC Kegalle Plantations PLC J. D. & Sons (Pvt) Ltd. Forbes & Walker Commodity Brokers (Pvt) Ltd. Kotagala Plantations PLC
The Following were approved as Surveyors for the year 2010 Rubber Mr. Anura Edirisinghe Mr. F. X. Felix Mr. S. L. Gurunada Mr. P. Ravinath Mr. A. A. Shums Mr. N. Silva Mr. I. De Zoysa Mr. C. Nanayakkara Mr. L. D. Ramanayake C. W. Mackie PLC 105/10, Alwis Town, Hendala, Wattala SGS Lanka (Pvt.) Ltd. Intertek Testing Services Lanka (Pvt) Ltd. Shums & Company Ltd. C. W. Mackie PLC Eastern Merchants PLC C. W. Mackie PLC John Keells PLC
BY ORDER OF THE COMMITTEE SGD. DAVID JANSZE CONSULTANT CCC FOR SECRETARY -/np
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KPMG Ford, Rhodes, Thornton & Co. (Chartered Accountants) 32A, Sir Mohamed Macan Markar Mawatha, P. O. Box 186, Colombo 00300, Sri Lanka.
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To the Ceylon Chamber of Commerce and Members of the Colombo Rubber Traders Association
We have audited the accompanyingStatement Receiptsand Paymentsof the Colombo Rubber of Traders Association with the Ceylon Chamberof Commercefor the year ended31 March 2010 ("Statement").This Statement the responsibilityof the Committeeof the Colombo RubberTraders is Associationand our responsibilityis to express opinion on the Statement an basedon our audit. We conductedour audit in accordance with Sri Lanka Auditing Standards and Sri Lanka Auditing Practice Statements. Those Standards and Practice Statements require that we plan and perform the auditto obtainreasonable assurance aboutwhetherthe Statement free of materialmisstatement. is Our audit includesexamining,on a testbasis,evidencesupporting amountsin the Statement. audit the An also includes assessingthe accounting principles used and significant estimates made by the Committee,as well as evaluatingthe overall presentation the Statement. believe that our audit of We providesa reasonable basisfor our opinion. In our opinion, the accompanying statement presentsfairly in all materialrespectsthe receiptsand payments the Colombo RubberTradersAssociationwith the CeylonChamber Commercefor the of of year ended 31 March 2010 in accordancewith the Sri Lanka Accounting Standardfor Smaller Enterprises laid down by the Institute of Chartered Accountants Sri Lanka. of
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A.N. Fe,nendo FCA Ms. M. P. Pore,e FCA T.J.S. Rojeke,ie, FCA Ms. S.M.B. Jeyeseke,e ACA
S. Sirikananathan FCA P.Y.S. Parara FCA W.W.J.C. Parara FCA W.K.D.C Abayrathna ACA
M.R. Mihular FCA C.P. Jayatilaka FCA Ms. S. Josaph ACA S.T.D.L. Parara ACA