2. MMTC’s Office MMTC LIMITEDCore -1, "SCOPE COMPLEX7 Institutional Area, Lodhi Road,New Delhi - 110003 INDIAEmail- mmtc@mmtclimited.com EPABX - +91-11-24362200 ------------------------------------------------------------------------------------------ Its vast international trade network, includes. One wholly owned international subsidiary in Singapore- MMTC Transnational Pvt. Ltd. (MTPL) The company's countrywide domestic network is spread over 75 regional, sub-regional, port and field offices, warehouses and procurement centers.13 Regional offices:- East Zone : Kolkata, Bhubaneshwar West Zone : Mumbai, Goa, Ahmedabad North Zone : Delhi, Jhandewalan (Delhi), Jaipur South Zone : Bangalore, Bellary, Chennai, Hyderabad, Vizag
3. MMTC’s Mission “As the largest trading company of India and a major trading company of Asia, MMTC aims at improving its position further by achieving sustainable and viable growth rate through excellence in all its activities, generating optimum profits through total satisfaction of shareholders, customers, suppliers, employees and society.”
4. MMTC’s Objective To be a leading International Trading House in India operating in the competitive global trading environment, with focus on "bulk" as core competency and to improve returns on capital employed. To retain the position of single largest trader in the country for product lines like minerals, metals and precious metals. To promote development of trade-related infrastructure. To provide support services to the medium and small scale sectors. To render high quality of service to all categories of customers with professionalism and efficiency. To streamline system within the company for settlement of commercial disputes. To upgrade employee skills for achieving higher productivity.
5. Establishment and Acheivements 1. The MMTC has its origins in the 1950s, when the Indian government got determined to earn valuable foreign currency through the export of canalized mineral ores, which the country had huge deposits of. State Trading Corporation of India Ltd. founded in 1956, as a wholly owned government subsidiary, to handle the export and import of selected commodities. MMTC was incorporated on 26 September, 1963 at New Delhi. The Corporation started functioning on 1 October. The main objectives of the company was Export of mineral ores and Import of essential metals. Japan and South Korea continued to be the major markets till the year of 1994. Then MMTC made a foray into European market with the exports of one lakh tonnes of iron ore to Slovakia and Romania. Also in the same year, the company had commenced import of gold and silver against special import license for supply to the customers in the domestic area. Imports worth 20 metric tonnes of gold and silver worth 270 tonnes was made and the company opened new gold vaults at Hyderabad and Vizag to offer its services to the customers in these areas.
6. Contd.. MMTC, one of the two highest foreign exchange earner for India, leading international trading company with a turnover of over US$ 7 billion. Largest international trading company of India and the first Public Sector Enterprise to be accorded the status of "FIVE STAR EXPORT HOUSE" by Govt Of India for long standing contribution to exports. MMTC is the largest non-oil importer in India. MMTC's diverse trade activities encompass Third Country Trade, Joint Ventures, Link Deals - all modern day tools of international trading. Vast international trade network, which includes a wholly owned international subsidiary in Singapore, spans almost in all countries in Asia, Europe, Africa, Oceania and Americas, giving MMTC a global market coverage. INDIA'S LARGEST TRADING GIANT INDIA'S LEADING EXPORTER OF MINERALS ONE OF THE WORLD'S LARGEST BUYER OF FERTILIZERS THE SINGLE LARGEST BULLION TRADER IN THE INDIAN SUBCONTINENT THE BIGGEST IMPORTER OF NON FERROUS METALS & INDUSTRIAL RAW MATERIAL TO INDIA MMTC is one of the largest importers of LAM COKE(LOW ASH METALLURGICAL ) in India.
7. Works Of MMTC 1. Provides full logistic support from procurement , quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary. 2. operate and manage all necessary plants, establishments and works. 3. MMTC is also actively involved in manufacture and sales of silver products. 4. Trades in minerals , metals, agro products , coal and hydro carbons etc.
8. Items of Trade :- Minerals Precious Metals Fertilizers Metals Agro Products Coal and Hydro Carbon General Trading
9. Minerals Iron Ore, Manganese Ore, Chrome Ore, Others (Mud Chemicals, Barytes, Bentonite, Bauxite, Talc, Gypsum, Feldspar, Quartz/Silica Sand, Garnet Sand, Kaolin (China Clay), Vermiculite). The 1.1 million ton Steel Plant consumes about 2 million tons of minerals annually being supplied by MMTC. It has set up a crushing and screening plant at Banehatti to source higher value realization in the international market & to compete with the international suppliers like Australia and Brazil in the markets like Japan and South Korea.
10. Precious Metals – Gems & Jewellery IMPORT ACTIVITIES: GOLD/SILVER /PLATINUM ROUGH DIAMONDS /COLOURED STONES EXPORT ACTIVITIES: OVERSEAS EXHIBITIONS DOMESTIC ACTIVITIES: SANCHI SILVERWARE GOLD/SILVER MEDALLIONS/ MINT ASSAYING & HALLMARKING UNIT DOMESTIC EXHIBITIONS & MEGA LUCKY DRAW MMTC RETAIL SHOWROOMS FRANCHISEE OUTLETS & FOR SANCHI, MEDALLIONS, JEWELLERY CUSTODIAN SERVICES AT MUMBAI
11. Contd.. It helps in promoting exports from India by holding exclusive foreign exhibitions of gold and studded jewellery at chosen overseas locations. an authorized agency of the Government of India for import of gold, silver, platinum, palladium, rough diamonds, emeralds, rubies and other semi-precious stones and supplies these items to jewellers in India for domestic sales and exports. In the year 1999 the company launched sale of Sterling Silverware of 92.5% purity under the brand name “SANCHI” in the domestic market, which has been a tremendous success.
12. Metal Base Non-Ferrous Metals : Copper, Cathodes, CC rods Aluminum , Zinc Ingots High grade Minor Metals : Antimony (min. 99.65% purity) Silicon (Grade 4-4-1 and 5-5-3) Magnesium (min. 99.9% purity) Mercury (min. 99.9% purity) Industrial Raw Materials, Noble metals and Ferro alloys Pig Iron, Slag, Steel scrap, HR Coils, CRGO and Steel items Imports of all Non-Ferrous Metals, Industrial Raw Materials, Minor Metals, Steel and concentrates are centralized at corporate office in New Delhi and the sales are effected through various sale centers located all over India. High Creditability:- generally imports non- ferrous metals from its suppliers on Cash Against Documents (CAD) basis. It enjoys excellent credibility amongst all suppliers and buyers as it keeps its commitments even in the wake of adverse market conditions.
13. Fertilizers MMTC Limited : one of the largest importers of Fertilizers in India. Imports both finished fertilizers, fertilizer intermediaries and fertilizer raw materials. Volume of trade in fertilizers : over one million tonnes.
14. Agro Products MMTC Limited(A Govt. of India Enterprise) : a global player in the Agro trade MMTC Limited provides full logistic support from procurement, quality control to guaranteed timely deliveries of agro products from different parts of India through a wide network of regional and port offices in India and its contacts abroad. MMTC's UNIQUE POSITION IN THE FIELD OF AGRO TRADE Exporting/Importing in bulk. Sourcing from established suppliers. Securing competitive prices through bulk buying. Strong links with government & state marketing agencies. Recognized as the best quality supplier of Agro products. Large warehousing facilities having proximity to rail-heads and ports. Well controlled logistics for movement of goods.
15. Coal and Hydro Carbon Coal and Hydrocarbon is identified as one of the core areas of business for MMTC and Steam coal is identified as a thrust product for import. Turnover of Rs 18390 million in 2004-05. Comprised of mainly LAM COKE, Coking Coal and steam coal. During 2004-05 MMTC transacted a business of around 1.10 million tons of Coking Coal, 0.50 million tons of LAM COKE and 1.39 million tons of steam coal.
16. General Trading CHEMICALS, DRUGS & PHARMACEUTICALS Inorganic chemicals Organic chemicals Dyes and intermediates Drugs & Pharmaceuticals TIMBER Teakwood - Tectona Grandis Tropical Hard woods - Salengan Batu, Keuring, Kapur, Meranti logs TEXTILES/WOOL/COTTON BUILDING MATERIAL
17. Sale & Purchase MMTC's mineral sales are on FOB basis only. MMTC imports non-ferrous metals generally on CIF/C&F Main Indian Ports basis. Purchases are made on tender basis for Fertilizers. Purchases are made both on F.O.B and C&F. basis. Exports Iron ore to Japan, South Korea, China, Middle East etc. The export is both on the basis of long term and annual spot contracts. MMTC Limited, (A Govt. of India Enterprise) is India’s Premier bullion trader, handling more than 100 MTs of Gold & 500 MTs of Silver.
18. Awards Top export award from Chemicals and Allied Products Export Promotion Council (CAPEXIL) : largest exporter of minerals from India for the eighteenth year in a row. Proud winner of gold trophy for exports of Engineering and Metallurgial product in non-SSI Sector and also awarded the All India Trophy for highest export in the category of prime metal by EEPC. MMTC CMD Shri Sanjiv Batra received the EEPC National Award for Export Excellence for the year 2007-08 from Hon'ble Minister of Commerce Shri Anand Sharma. Shri Sanjiv Batra, CMD MMTC received the MOU Excellence Award from Hon'ble Prime Minister Dr. Manmohan Singh
19. Performance During 2008 - 2009 According to World Trade Organization economists, World economic growth slowed abruptly in 2008 against the backdrop of the worst financial crisis since the 1930s. Growth in 2008 was down to 1.7%, from 3.5% a year earlier and was the slowest since 2001- well below the 10 year average rate of 2.9%. Developed economies only managed a meager 0.8% growth during last year, compared to 2.5% in 2007. Developing economies also behaved in a similar fashion and expanded their output in 2008 by 5.6%, down from 7.5% in 2007. This best ever business turnover since MMTC's inception in 1963 includes highest ever Exports of Rs. 4,576 Crores, highest ever Imports of Rs. 30,695 Crores and domestic trade of Rs. 1,550 crore. The other trade related earnings contributed Rs. 197 Crores. Your Company earned trading profit of Rs. 321 Crores.
20. Contd.. MMTC Limited has exhibited outstanding performance by achieving its record level turnover of Rs. 32,030 crores during April- December 2008 recording a quantum growth of 90% over the turnover of Rs. 16,884 crores recorded during same period of last fiscal. MMTC’s highest ever turnover of Rs. 32,030 crores includes exports of Rs. 3,377 crores, imports of Rs. 27,567 crores and domestic trade at Rs. 1,086 crores registering growth of 24%, 106% and 34% respectively.
22. Group Company - MTPL MMTC TRANSNATIONAL PTE LIMITED (MTPL) Singapore is wholly owned subsidiary of MMTC Limited, New Delhi, India, a Govt. of India Undertaking under the Ministry of Commerce. MMTC Limited is India’s largest international trading corporation, and has “Five Star Export House Status” awarded by the Government of India. MTPL was incorporated in Singapore under Singapore laws in 1994 and in April 2000 MTPL received the prestigious Approved International Trader (AIT) status now called as Global Trader Status by the Government of Singapore. This status is granted to companies fulfilling strict criteria and enable such companies to join the top league of leading trading companies in Singapore.
23. Group Company - NINL NeelachalIspat Nigam Limited (NINL), a Company promoted by MMTC Limited. Industrial Promotion and Investment Corporation of Orissa Limited (IPICOL) has set up an Integrated 1.1 Million ton capacity Iron and Steel Plant at Kalinga Nagar Industrial complex, Duburi, District Jajpur, Orissa. Presently the main products are pig iron and BF coke along with nut coke, coke breeze, crude tar, ammonium sulphate and granulated slag (phase – I). The blast furnace along with power plant was commissioned on 02.02.2002 and other units like sinter plant and coke oven were commissioned progressively. The envisaged products in future (phase-II) are billets, bars and wire rods of different grades and sizes.
