This chapter contains Name, Address and Size of the Company, History of the Company, Nature of the Business, Vision and Mission, Critical Business System, Strategic Concerns for Use and Organizational Chart.
NAME, ADDRESS AND SIZE OF THE COMPANY
Name of the Company:Most Holy Rosary Multi-Purpose Cooperative Address:No. 22 E. Rodriguez Highway, San Jose,
Size of the Company:1 Chairman of the Board
5 Chairman of Committee
5 Secretary of Committee
HISTORY OF THE COMPANY
The Most Holy Rosary Multi-purpose Cooperative formerly known as Most Holy Rosary Credit Cooperative was organized in January 02, 1985 for the purpose of engaging in activities as a credit cooperative under Presidential Decree NO.175 and Letter of Implementation NO.23. It was registration with the Bureau of Agricultural Cooperative Development as a full-fledge credit cooperative with the Certificate of Registration NO. R-IV-FF-302 dated August 15, 1985. Its registration was confirmed by the Cooperative Development Authority on March 02, 1991 with Certificate of Confirmation NO. 544. Latest amendment of its Article of Cooperative and By-Laws was approved by CDA on April 19, 2005. The Cooperative membership is limited to its area of operation as stated in its articles of incorporation and by-laws. The cooperative was amended on September 09, 2011 by the Cooperative Development Authority.
The Cooperative’s new name was granted the CDA Reg. NO. 9520-04000084 on September 29, 2009 Under the RA 9520, the cooperative is exempt from payment of income and sales taxes, provided that a substantial portion of its net income is returned to members in the form of interest and or patronage refunds. Cooperative Identification No. 0109040223
Cooperative was issued a Certificate of Good Standing dated September 01, 2011.
The area of its operation of the cooperative is within Rodriquez and San Mateo, Rizal, and Quezon City and its principal office shall be located at #22 E. Rodriquez Highway, San Jose, Rodriquez, Rizal.
These financial statements of the cooperative for the year ended December 31. 2011 were authorized for issue by the Board of Directors on February 09, 2012.
The Most Holy Rosary Credit Cooperative was Establish by one of the church Minister when Rev. Fr. Cesar “Chiqui” Manalo by the time of Our Lady of the Most Holy Rosary, the name of Cooperative was came from the church said.
The goal of the cooperative is to help the low-income family and to develop the level of life style serve as an inspiration to the persons behind this organization. Though the help of Dr. Pastor S. Cruz the formally chairman of the cooperative, Vice Chairman Engr. Benjamin Alvarez, Ms. Jesuca Arellano the secretary, Marina Rodriquez the treasurer and G. Jose Caparas as the supervisory chairman.
With the help of Mrs. Loreto Bayatan whose the first voluntary collector of the Cooperatives. It also conducted by Mrs. Madesta S. Santos which become the path through the development of cooperatives.
“The most Progressive and Dynamic Cooperative and Effective Catalyst of Change Dedicated to Improve the Quality of Life of the Members”.
“We are committed to the highest quality of services delivered with sense of pride, focus on excellence and members’ satisfaction.
We nurture officers and personnel who are receptive to change and modernization with zeal of vigor, enthusiasm and solidarity fostering an organizational culture that is response to the needs of the members.
We pursue meaningful undertakings not only for the development of material well-being but also mold and nourish the spiritual dimension of a person seeking God’s guidance in caring for others’ welfare protection of environment and the development of the community”.