Hon. (Dr.) Nalinda Jayathissa,—To ask the Minister of Industry and Commerce,—
(a) Will he inform this House—
(i) of the quantity of rice imported by the Lanka Sathosa during the period from September 2014 to February 2015;
(ii) whether tenders were called for this purpose;
(iii) what amount was quoted by each tenderer;
(iv) of the amounts paid to the Sri Lanka Customs and to the Sri Lanka Ports Authority for clearance of imported rice and as demurrage separately;
(v) of the import price and sale price of rice separately;
(vi) what loss was caused to the Lanka Sathosa accordingly;
(vii) what quantity of rice was sold out of this consignment;
(viii) what quantity of rice spoiled and the date on which the cabinet approval was granted to sell it as animal food;
(ix) of the quantity that was sold thus, the sale price per kilogram and the loss caused separately
(x) what firm purchased the spoilt rice and what quantity was so purchased; and
(xi) of the amount spent by the Lanka Sathosa during the overall process from the import to the sale, proceeds from the sale and the loss incurred by the Lanka Sathosa?
(b) If not, why?
Asked Date
2017-04-06
Asked by
Hon. (Dr.) Nalinda Jayatissa, M.P.
Ministry
Industry and Commerce
Legislature
Eighth Parliament of the D.S.R. of Sri Lanka
Session
First Session
(a) (i) 257,557 metric tonnes.
(ii) No.
(iii) There were no quotations called through a tender process. However, Letters of Credit were opened based on the Proforma Invoices sent from the General Treasury and the Line Ministry to the former Chairman of Lanka Sathosa Limited. Eight times, the Banks had issued the following Letters of Credit.
Under Letters of Credit
|
No |
LC No |
Bank |
Supplier |
Commodity |
Qty (MT) |
Price Per MT (USD) |
|
1 |
24186 |
People’s Bank |
United foods Ltd., India |
White Raw |
50,000 |
430.00 |
|
2 |
26193 |
People’s Bank |
Omvishkar Export, India |
Ponni Samba |
1,040 |
455.00 |
|
3 |
64568 |
Bank of Ceylon |
Bangladesh G to G Bangladesh |
Nadu |
25,000 |
450.00 |
|
4 |
63537 |
Bank of Ceylon |
ACP Industries Ltd., India |
Ponni Samba |
48,309 |
488.00 |
|
5 |
63519 |
Bank of Ceylon |
ACP Industries Ltd., India |
Nadu |
4,887 |
408.00 |
|
6 |
63519 |
Bank of Ceylon |
ACP Industries Ltd., India |
Ponni Samba |
37,705 |
488.00 |
|
7 |
33283 |
People’s Bank |
United Foods Ltd., India |
White Raw |
30,000 |
405.00 |
|
8 |
33274 |
People’s Bank |
Trident Champer, India |
Ponni Samba |
31,354 |
510.00 |
|
|
Total |
228,295 |
|
|||
Hon. Member, they have paid only under DP terms, the details of which are as follows:
Under DP terms (Deferred Payment)
|
No. |
Supplier |
Commodity |
QTY (MT) |
Price per MT (USD) |
|
1 |
Omvishkar Export Ltd., India |
Ponni Samba |
1,040 |
470.00 |
|
|
|
Ponni Samba |
1,038 |
440.00 |
|
|
|
Nadu |
957 |
435.00 |
|
|
|
Ponni Samba |
260 |
485.00 |
|
|
|
Nadu |
5,380 |
455.00 |
|
|
|
Ponni Samba |
1,066 |
535.00 |
|
|
|
Ponni Samba |
2,392 |
520.00 |
|
|
|
Nadu |
52 |
420.00 |
|
2 |
Shamila Spices Ltd., India |
Nadu |
517 |
440.00 |
|
|
|
Nadu |
1,087 |
455.00 |
|
|
|
Nadu |
988 |
460.00 |
|
|
|
Nadu |
3,292 |
435.00 |
|
|
|
Ponni Samba |
1,878 |
520.00 |
|
3 |
Mohan Sundaram Ltd., India |
Ponni Samba |
520 |
522.00 |
|
4 |
Uma Export Ltd., India |
Ponni Samba |
1,560 |
520.00 |
|
5 |
Luxmi Export Ltd., India |
Ponni Samba |
500 |
520.00 |
|
6 |
Star Export Ltd., India |
Ponni Samba |
2,575 |
520.00 |
|
|
|
Nadu |
1,000 |
435.00 |
|
|
|
Nadu |
1,250 |
385.00 |
|
|
|
Ponni Samba |
1,000 |
535.00 |
|
7 |
Rika Global Ltd., India |
Ponni Samba |
910 |
505.00 |
|
|
Total |
29,262 |
|
|
|
|
Grand Total |
257,557 |
|
|
(iv) Payments to the Sri Lanka Customs:
Customs Duty paid by the Lanka Sathosa for Customs clearance of the rice stocks: Rs. 132,770,828.72.
Payments to the Sri Lanka Ports Authority:
Payments made to the Sri Lanka Ports Authority for the importation of rice stocks: Rs. 648,450,056.09.
Payments made to the Sri Lanka Ports Authority as demurrages : Rs. 187,621,525.00.
(v)
|
No |
Commodity |
Weighted average price of 1Kg of imported Rice |
Selling price of 1 Kg of Rice |
|
1 |
White Raw |
64.00 |
50.00 |
|
2 |
Nadu |
64.00 |
55.00 |
|
3 |
Ponni Samba |
75.00 |
60.00 |
(vi)
|
Commodity |
Estimated sales qty (Kg) |
Estimated sales Revenue (Rs.) |
Estimated cost of sold qty (Rs.) |
Losses incurred (Rs.) |
|
White Raw |
73,023,204.00 |
3,651,160,200.00 |
4,673,485,056.00 |
(1,022,324,856.00) |
|
Nadu |
35,216,947.00 |
1,936,932,085.00 |
2,253,884,608.00 |
(316,952,523.00) |
|
Ponni Samba |
67,967,614.00 |
4,078,056,840.00 |
5,097,571,050.00 |
(1,019,514,210.00) |
|
Total |
176,207,765.00 |
9,666,149,125.00 |
12,024,940,714.00 |
(2,358,791,589.00) |
(vii)
|
Description |
MT |
|
Estimated quantity sold for human consumption |
176,876.00 |
|
Quantity issued for animal foods |
68,282.00 |
|
Total quantity sold |
245,158.00 |
(viii) Date of Cabinet approval: 16th March, 2016.
Quantity issued as animal feed: 80,680 metric tonnes.
(ix)
|
Quantity issued for animal food |
(Kg) Avg. Cost per Kg |
Total cost (Rs.) |
Selling price per (Kg) |
Sales value (Rs.) |
Loss incurred (Rs.) |
|
6,976,796 |
64 |
446,514,944.00 |
38 |
265,118,248.00 |
(181,396,696.00) |
|
3,471,683 |
64 |
222,187,712.00 |
38 |
131,923,954.00 |
(90, 263,758.00) |
|
57,833,991 |
75 |
4,337,549,325.00 |
38 |
2,197,691,658.00 |
(2,139,857,667.00) |
|
68,282,470 |
|
5,006,251,981.00 |
|
2,594,733,860.00 |
(2,411,518,121.00) |
(x)
|
Name of the Company |
Purchased Qty. (Kg) |
|
Ceylon Grain Elevators PLC |
30,500,000 |
|
Gold Coin Feed Mills |
10,500,000 |
|
New Hope Lanka Ltd. |
2,800,000 |
|
Pussalla Meat Producers |
12,900,000 |
|
Fortune Agro Industries |
5,000,000 |
|
Super Feed (Pvt.) Ltd. |
5,000,000 |
|
Tharul Farm |
282,470 |
|
CIC |
1,000,000 |
|
LMP Traders |
300,000 |
|
Total |
68,282,470 |
(xi)
|
Description |
Rs. |
|
Cost |
|
|
Total cost of 257,557 metric tonnes of rice purchased |
17,936,808,820.00 |
|
Add: Other indirect expenses |
1,237,421,575.20 |
|
Total cost |
19,174,230,395.20 |
|
|
|
|
Revenue |
|
|
|
|
|
Estimated revenue from rice sales for human consumption |
9,716,286,625.00 |
|
Sales revenue from issue of rice for animal food |
2,594,733,860.00 |
|
Total sales |
12,311,020,485.00 |
|
|
|
|
Estimated losses incurred |
(6,863,209,910.20) |
Note: The total cost does not include the Finance Cost and the duty waiver payable by the Line Ministries (Ministry of Co-operative and Marketing Development and Ministry of Food Security). For the above calculation, we have considered only the landed cost to the Lanka Sathosa.
(b) Does not arise.
Answered Date
2016-06-21
Answered by
Hon. Rishad Bathiudeen, M.P.
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