semantrix

COOPERATIVE ORIENTATION

Pre-Membership Education Seminar (PMES)Semantrix Multi Purpose Cooperative (SMPC)

SCOPE:

• FREQUENTLY ASKED QUESTIONS• MANAGEMENT• ORGANIZATION• REGISTRATION

FREQUENTLY ASKED QUESTIONS

What is a Cooperative?

• AUTONOMOUS AND DULY REGISTERED ASSOCIATION

• COMMON BOND OF INTEREST

• VOLUNTARILY JOINED TOGETHER

• ACHIEVE THEIR SOCIAL, ECONOMIC AND CULTURAL NEEDS AND ASPIRATIONS

• EQUITABLE CONTRIBUTIONS (capital share)

• PATRONIZING THEIR PRODUCTS AND SERVICES

• RISKS AND BENEFITS

• COOPERATIVE PRINCIPLES

What is Semantrix Multi Purpose Cooperative?

AUTONOMOUS AND DULY REGISTERED ASSOCIATION with the following agencies:

Cooperative Development Authority (CDA) Department of Labor and Employment (DOLE)

(as Service Contractor) Bureau of Internal Revenue (BIR) Social Security System (SSS) Philhealth Home Development Mutual Fund/Pag-ibig (HDMF) Local Government Unit – Pasay City

What are the kinds of Common Bond of Interest?

• Residential

• Associational

• Institutional

• Occupational

What are kinds of Membership?

• Regular Membership Entitled to vote and be voted minimum subscribe capital of 315 shares or Php31,500 & pay minimum of 79 shares upon

approval of membership

Associate Membership Cannot vote and be voted minimum subscribe capital of 10 shares or Php1,000 & pay minimum of 3 shares upon approval of membership

Cont. MEMBERSHIP

An associate member who meets the minimum requirements of regular membership, continuous to patronize the cooperative for two (2) years, and signifies his/her intention to remain a member shall be considered a regular member

Cont. MEMBERSHIP

Requirements for Membership

1. Approved application for membership 2.Certificate of completion of the prescribed Pre-Membership Education Seminar (PMES) 3. Subscribed and paid the required minimum share capital 4. Payment of Php 500 membership fee upon

membership approval; non-refundable5. With good moral character

What are the benefits of a Cooperative member?

• Economic Benefits

- Credit Facilities- Interest on Share Capital- Patronage Refund- Economies of Scale- Marketing Assistance

Cont. Benefits

• Social Benefits

- Providential Assistance - Continuous Education and Training - Other Social Programs - group insurance/housing/medical &

dental services/scholarships, etc.

• Political Benefits

- Advocacy - Check and Balance.

What are the possible sources of funds of the Cooperative?

• INTERNAL SOURCES

Share Capital

- Initial Subscription

- Continuous Capital Build-up

Cont. Internal Sources of Funds

Deposits of Members

- Regular Savings Deposit

- Time Deposit

Loan/s or Borrowing/s from Member/s

Cont. Internal Sources of Funds

Revolving Capital

- Net surplus or Net saving /Interest on Share Capital

- Patronage Refund

Retentions

- Services- Goods

Cont. Sources of Funds

• External Sources

Loans or Borrowings

Subsidies/Grants/Aids/Donations

What are the Duties and Responsibilities of a Member?

Every member shall have the following duties:

• Pay the installment of his share capital subscription as it falls due and to participate in the capital build-up and savings mobilization activities of the Cooperative;

• Patronize the Cooperative’s businesses and services;

• Participate in the membership education programs;

Cont. Duties and Responsibilities of a Member

• Attend and participate during general assembly meetings;

• Observe and obey all lawful orders, decisions, rules and regulations adopted by the Board of Directors and the general assembly; and

• Promote the purposes and goals of the Cooperative, the success of its business, the welfare of its members and the cooperative movement in general.

What are the differences among other types of organization and a Cooperative?

The member-usersThe member-usersGenerally non-

membersGenerally non-

members4. Customer4. Customer

Can make use of Can make use of the services of the the services of the coop and willing to coop and willing to

accept accept responsibilities of responsibilities of

membershipmembership

AAbility or capacity to invest or render

service

Ability or capacity to buy shares of

stocks

3. Basic requisite for 3. Basic requisite for membership/ membership/ ownershipownership

Service above Service above profitprofit

To make profitTo make profit2. Primary purpose/ 2. Primary purpose/ motivationmotivation

RA 9520RA 9520

RA 6939RA 6939Partnership LawCorporation Law

1. Legal basis of 1. Legal basis of

organizationorganization

COOPERATIVECOOPERATIVEPARTNERSHIPPARTNERSHIPORDINARY ORDINARY CORPORATIONSCORPORATIONSPARTICULARSPARTICULARS

Continuous coop Continuous coop education programeducation program..

----10. Educational 10. Educational ProgramProgram

Share Capital & Share Capital & PatronagePatronage

Pro-rated to their capital

contributionShare of Stock

9. Basis for 9. Basis for distribution of distribution of savings/profitsavings/profit

Limited and conforms Limited and conforms to govt regulationsto govt regulations

No limitNo limit8. Rate of Interest 8. Rate of Interest of Share Capital of Share Capital (ROI)(ROI)

Coop Principles & Coop Principles & Business Mngt. Business Mngt.

PrinciplesPrinciples

Partnership Principles

Business Mngt. Principles

7. Principles 7. Principles governing governing operationsoperations

Members, Board of Members, Board of Directors & Hired Directors & Hired

ManagementManagement

Shared or appointed

Board of Directors & Hired

Management

6. Components of 6. Components of managementmanagement

““One member, one One member, one vote”vote”

Equal voting rights

Shares of common stock5. Basis of voting5. Basis of voting

PARTICULARSPARTICULARSORDINARY ORDINARY

CORPORATIONSCORPORATIONS PARTNERSHIPPARTNERSHIP COOPERATIVECOOPERATIVE

ORGANIZATION ORGANIZATION

SEMANTRIX MULTI PURPOSE COOPRATIVE

Principal Address:Room 205, 2nd Floor Diplomat CondominiumRoxas Boulevard corner Russel St. Pasay City(in between Heritage Hotel & Redemptorist Church)

Telephone nos:781-3145 * 8515156 * 8513292 * 09228288097

Office hours:Mondays to Fridays 8am – 5pm

GENERAL ASSEMBLY

AUDITCOMMITTE

ELECTION COMMITTEE

BOARD OF DIRECTORS

EDUCATION COMMITTEE

MANAGEMENT STAFF

Treasurer

Secretary

ETHICSCOMMITTEE

CONCILIATIONCOMMITTEE

MEMBERSHIP MEMBERSHIP REGISTRATION REGISTRATION

andandSERVICES CONTRACTINGSERVICES CONTRACTING

REGISTRATION OF ASSOCIATE MEMBERS FOR JOB PLACEMENT

I. Applicants selected for hiring or placement to clients are required to accomplish and submit additional documents/information; not later than 5 days prior to the date of employment and acceptance of membership

1. Duly accomplished application form with 2 pcs. 1x1 picture

2.NBI and Police clearances3.Clearances or certification from previous employer/s, if

any4.Birth Certificate & Marriage Contract (if married) in

NSO paper

Cont. REGISTRATION OF ASSOCIATE MEMBERS FOR JOB PLACEMENT

5. Transcript of record (college graduates/level) or High school report card/diploma (HS grad)

6. Medical Certificate or result of pre employment medical examination indicating fitness to work together with laboratory results on urinalysis, fecalysis, drug test and chest x- ray

7. TIN, SSS, Phil health and HDMF Numbers/ photocopy of ID if available


II. Membership agreement

1.membership fee2.capital share3.dividend interest4.withdrawal


III. Employment Contract

1. Cooperative ID card2.Daily time record/bundy card3.DTR cut off: 1-15th and 16-31st of the month due not later than

17th and 2nd of the month, respectively (late timecards will be processed next paydate)

4.Payroll crediting/release: 10th and 25th of every month 5.Government mandated deductions: SSS, Philhealth, HDMF6.Coop deduction: membership fee, capital share, loan, CA7.ATM Application8.Uniform – as required by client

Thank You & Welcome to