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India trading company, MMTC Ltd plans to import coking coal as much as 35 million tons during the fiscal year 20102011. Plan for coal imports due to an indication of India¶s industrial growth has improved, especially electricity, cement and steel, which requires that imported coal to meet demand from the industrial sector. MMTC Ltd has issued a tender on Thursday to import 50,000-70,000 tonnes of coking coal per month in June and July, the company website shows. The last date for submission of bids is 22 April. Coal Minister Sriprakash Jaiswal said on the sidelines of an industry event on Wednesday that the domestic shortfall in supply could would be 81 million tonnes in 2010/11.
MMTC sets Rs. 20,000 ± crore turnover target
(Published in Business Line on 7th May, 2006)
Plans to set up wind energy farm by September We are looking at Land Customs Stations to become trade facilitator and thereby get into trade activity per se. S. D. Kapoor New Delhi, May 7 MMTC Ltd has set a turnover target of Rs. 20,000 crore for the current fiscal, with more focus on export and domestic trade, on the back of Rs. 16,385 ± crore turnover achieved during 2005-06. Disclosing this to Business Line here in an interview, the Chairman-cum-Managing Director, MMTC Ltd., Mr. S.D. Kapoor, said in 2005-06 we have done well in terms of business volume but profit margins were under pressure because trading was very tough and competition intense. He said the overall profit was same as that of the previous year with a rider that We have to provide for Rs. 12.65 crore towards customs duty dispute as a prudent accounting policy. If the dispute is settled in our favour, it gets added to our profit. Activities, which contributed the maximum to the companys business, included gold, precious metals and jewellery, metals, coal and hydrocarbon products and fetilisers. The company posted a trading profit of Rs. 211 crore with net profit before tax of Rs. 135 crore. The net profit after tax amounted to Rs. 94.25 crore. COAL MINING, WASHING
MMTC has also ventured into setting up free trade and warehousing zones. alumina. registered a turnover of Rs 1. zinc and nickel are firming up. CUSTOMS STATIONS MMTC is also examining the possibility of engaging itself in land customs stations at border areas. Kapoor said adding that we have already set the ball in motion and our first wind farm should be in position before September 2006. As energy becomes more critical. has drawn a business target of Singapore $ 1 b during the current fiscal. He said We are looking at Land Customs Stations to become trade facilitator and thereby get into trade activity per se. The company was also making a foray into cold chain management not only to add value to the business but also to provide facilities for growers of perishable produce. agri products. metals such as copper. fertilizers. Mr Kapoor said one area in which it was going to involve itself a little more this year was coal mining and coal washing. then it will be import substitution. he said. He said the prices of most of the commodities the company was trading were now looking up. representing a growth of nearly 50 per cent over 200506. Mr S D Kapoor. there is a possibility of making business out of coal. MMTC is making strategic investments in various trade ± related infrastructure with a view to providing a fillip to its extant and proposed lines of activities. Volumes traded during 2005-06 in metals. Haryana and Orissa for supplying coal.600 crore in 2005-06. the company was allotted less quantity last year under the long-term contract than what it was exporting. WIND ENERGY MMTC is also into non-conventional energy ± setting up wind energy farms. MMTC Transnational eyes 50 PC growth (Published in Business Line on 10th May. and the first rake is to be delivered this month. We are going to get a block allotted. He said the company hoped to tie up with power plants coming up in Gujarat. He said in view of the better price prospects for the metals and minerals that the company was trading. metals. Mr. whose business activities encompass minerals. The MMTC and MTPL Chairman. We will have to make up for the shortfall by roping in more business activity either by adding product mix or enlarging the market mix. It plans to set up warehouses in Kandla and Haldia. 2006) India-Singapore economic pact has made more competitive MMTC Transnational Pte Ltd (MTPL). told Business Line that the Singapore subsidiary. IRON ORE EXPORTS On export of iron ore. a wholly owned subsidiary of MMTC in Singapore. coal and hydro carbon. Today we are importing coal and if we can produce coal or improve the poor quality coal. fertilizers and coal and . Gold price is at a 30 year high. he added.Stating that the company could afford to be selective in choosing its lines of activities now. The company is acquiring rail wagons under the Own Your Wagon scheme.
108.1651 crores registering growth of 56% over corresponding level last year. Mr Kapoor said the comprehensive Economic Cooperation Agreement signed between the governments of India and Singapore recently has given an impetus to MTPL. signed a memorandum of understanding with Mitsui & Co. Mitsui will bring to the table their vast global experience in logistics management and will also be partly financing the project by taking a 48% stake in the equity capital of the promoter company i. MTPL. offering enormous business opportunities in and from Singapore. Highest ever profits. The net profits earned by the company reached a new peak of Rs. petroleum. International Enterprises. Tokyo. making it more competitive. Dubai and the Netherlands. The company also plans to open representative offices in three countries ± namely Indonesia. besides. has now recommended to the authorities for upgrading the company status under the 5 per cent tax category effective from April 1. MOU SIGNED WITH MITSUI FOR SETTING UP FTWZ On 25th May 2006. Mr Kapoor said MMTC¶s subsidiary presence in Singapore would impart a major boost and thrust to Indian importers dealing in the chemical.2925 crores and import transactions totaling Rs. Moreover. was realized through diversification in new areas. when operational.2006 Date : June 14. Record turnover of MMTC includes export business of Rs. Vietnam and Bangladesh ± to augment market converge and enlarge its clientele. 2. Mr Kapoor said in recognition of the performance and growth of MTPL. 2006 MMTC. Free Trade Warehousing Private Limited (FTWPL). at both of which sites discussions are currently on with state government authorities concerned for allotment of land for the projects. the largest international trading company of India. The company has taken several strategic initiatives during the year to .. MMTC achieved business volumes of Rs.66 on a face value of Rs. said Mr Kapoor.10. He said MMTC has signed an MOU with Bharat Petroleum Corporation LTd for promoting oil bunkering and other petroleum related trade activities using its subsidiary in Singapore as the base. Government of Singapore. the first project will be put up at either Greater Noida or Kandla.e. 11786 crores. MMTC has taken a pioneering role in setting up FTWZ projects in India and it is expected that such zones.29 crores during the year. To begin with.hydrocarbon groups registered impressive growth of 93 per cent. MMTC¶s domestic trade also reached a new height at Rs. despite pressure on margin. which earlier accorded the company a prestigious µglobal trader¶ status. FTWPL. said Mr Kapoor. better fund management and prudent tax planning. pharmaceutical. During the year. 86 per cent and 53 per cent respectively over the corresponding levels of the previous year. With this. it has multiplied its net worth by over four times in 10 years. Only very few companies of Singapore have been accorded this special status. Kandla and Haldia to begin with. has recommended dividend pay out of 50% for 2005-06 which includes interim dividend of 25% already paid to the shareholders. 21. has been ranked 18th among the top 51 Singapore companies under the business classification of µgeneral whole sale trade¶ by DP Information Group Singapore in its publication.PRESS RELEASE 13. The dividend disbursed by the subsidiary to MMTC so far exceeds the seed capital contributed by the promoter. RECOMMENDS 50% DIVIDEND . in which MMTC and ILFS are the shareholders. the company has realized best ever earning per share of Rs. and the trade projections made for the near future. will match standards set by world class facilities in other countries like Singapore. he added. The MOU lays down the broad framework for carrying out detailed study for feasibility and implementation of free trade & warehousing zone projects at locations of Greater Noida. shipping and machinery sectors.16362 crores recording highest ever level achieved by the company since inception in 1963. especially in the last five years. 2006. MTPL is sharpening its focus on increasing trade with ASEAN (Association of South East Asian Nations) with value addition by providing shipping/chartering services from Singapore.6. MMTC RECORDS HIGHEST EVER PROFITS.
MMTC¶s net worth has increased to Rs. 3. In identifying areas of investment.20. service quality and other aspects of operational efficiency so as to provide long-term sustainability to the future operations. . MMTC has maintained its focus on its role as a trade organizer and trade facilitator. As per MMTC plans such centres have been identified in locations where large quantity of Gold is sold.830 crores with µzero¶ long-term debt. MMTC has been the pioneering agency to set up its own testing and hallmarking facility in India in New Delhi in the early nineties.improve logistics. when the first such facility was set up in association with the British Hallmarking set up and MMTC experts were trained at the London Assay Office. The company has already decided to set up 4 free trade warehousing zones in the country and has decided to invest in development of resources abroad for items imported perennially in India to meet the national demand/supply gap besides entering into long-term strategic alliances/joint ventures for energy inputs. With this net worth and projected revenues. After providing for dividends and transfer of surplus to general reserves. The company has recently concluded 5-year contracts for export of iron ore to Japan and South Korea with price increase of 19% both for lumps and fines applicable for shipments during 2006-07. MMTC To Open Two New Testing And Hallmarking Centres As part of its plan to set up more hallmarking centres across the country for testing the purity of Gold in Jewellery and for quality certification. The MMTC Ahmedabad Hallmarking Centre will cater to an estimated twenty five number of jewellers manufacturing jewellery in the state of Gujarat. MMTC will soon be ready with two more centres opening in Ahmedabad and Kolkata shortly.000 crores. MMTC has set out ambitious plans to promote many new projects in future with total capital outlays of about Rs. The MMTC centres are being established under the guidance of the Bureau of Indian Standards with state of art technology and skilled and trained personnel.
spans almost in all countries in Asia. giving MMTC a global market coverage. Africa. Its vast international trade network.all modern day tools of international trading. quality control to guaranteed timely deliveries of minerals from different ports. MMTC is the largest non-oil importer in India. Link Deals . DAP. through planned forward integration of its import activities with the direct marketing of Urea. Europe. one of the two highest foreign exchange earner for India. through a wide network of regional and port offices in India. MMTC has become a major fertilizer marketing company in India. It is the 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. the company provides full logistic support from procurement. which includes a wholly owned international subsidiary in Singapore. ONE OF THE WORLD'S LARGEST BUYER OF FERTILIZERS As a leading player in fertilizers and fertilizer raw material. Joint Ventures. THE SINGLE LARGEST BULLION TRADER IN THE INDIAN SUBCONTINENT . MMTC has won the top export award from Chemicals and Allied Products Export Promotion Council (CAPEXIL) as the largest exporter of minerals from India for the eighteenth year in a row. MMTC's diverse trade activities encompass Third Country Trade. INDIA'S LEADING EXPORTER OF MINERALS MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals. MMTC. is a leading international trading company with a turnover of over US$ 7 billion. Sulphur.Competitive edge INDIA'S LARGEST TRADING GIANT Established in 1963. Rock Phosphate. SSP and other farming and agricultural inputs. MOP. as well as international subsidiary. Oceania and Americas.
MMTC also supplies branded hallmarked gold and studded jewellery. MMTC has won the gold trophy from FIEO for highest exports in agritulcture & plantation product in non-SSI Sector. It also imports edible oils. pulses. handling about 146 MT of gold and 1250 MT of silver during 2008-09. processed foods and plantation products like tea. GENERAL TRADING . tin and nickel. MMTC has retail jewellery & its own branded Sterling Silverware (Sanchi) showrooms in all the major metro cities of India. MMTC has its online retail website www. Besides organizing major jewellery exhibitions in India & abroad. silicon and mercury. bullion dealers and jewellery manufacturers on all India basis. MMTC is a 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 sources its metals from empanelled suppliers including producers and traders throughout the world.com.mmtcretail. aluminium. It also sells imported minor metals like magnesium. MMTC also undertakes extensive operations in oilseed extraction. Assay and hallmarking units have been set up at New Delhi.MMTC is the largest importer of gold and silver in the Indian sub continent. copper. MMTC also has a medallion manufacturing unit for minting of Gold/SIlver medallions. coffee. soyameal. Major institutional customers of MMTC in India are accredited with ISO-9002 status. zinc. The company's bulk exports include commodities such as rice. sugar. Ahmedabad & Kolkata for testing the purity of gold and gold articles duly accredited with Bureau of Indian Standards . as well as the production of edible oil for domestic consumption. GROWING INTEREST IN AGRO PRODUCTS WORLDWIDE MMTC is amongst the leading Indian exporters and importers of agro products. MMTC supplies gold on loan and outright basis basis to the exporter. wheat flour. lead. from the procurement of seeds to the production of de-oiled cakes for export. as also industrial raw materials like asbestos and also steel and its products. antimony. jute etc. MMTC imports quality products conforming to international specifications like ASTM or BSS or LME approved brands. THE BIGGEST IMPORTER OF NON FERROUS METALS & INDUSTRIAL RAW MATERIAL TO INDIA MMTC is India's largest seller of imported non-ferrous metals viz. wheat.
The company's countrywide domestic network is spread over 75 regional. Several training programmes are conducted to upgrade managerial skills in the latest developments in trade management. port and shipping. drugs and pharmaceuticals. warehousing. warehouses and procurement centres. both for exports and imports. MMTC's operational offices are all equipped with modern computing tools. MMTC has promoted along with government of Orissa. hydro carbons. operations. Mulberry raw silk. general management. SUPPORT SERVICES MMTC lays emphasis on human resources development and related activities. MMTC also exports engineering products. COMPUTERIZATION MMTC has a Systems & ERP Division comprising a highly professional team to cope with the highly competitive environment. AN INTEGRATED GLOBAL TRADER WITH BULK HANDLING CAPABILITIES Its comprehensive infrastructure for bulk cargo handling. building materials. export marketing. gives MMTC complete control over trade logistics. while consolidating its core areas of business. port and field offices. processed foods. Information on above can be supplied on request. trading and technology partners and to bring optimum efficiency and expertise to its operations worldwide. a million tonnes capacity Iron & Steel plant and a 0. with well developed arrangements for rail and road transportation. A user friendly intranet based Knowledge Management Solution has been made available . sub-regional. BROADBASED ACTIVITIES BEYOND TRADING MMTC's progress in the recent past has taken it from monopoly status to a competitive open market player making a strong thrust towards broad basing its sphere of activities. To create synergy between its manufacturing. chemicals.8 million tonne capacity Coke Oven battery with by product recovery plant and a captive power plant of 55 MW capacity.MMTC also handles items like textiles. marine products. ERP has been implemented. coal and coke.
Jaipur Bangalore. Goa. marriage advance. (MTPL) 13 Regional offices East Zone : West Zone : North Zone : South Zone : Kolkata. development of tribal areas and infrastructure development through rail links. tuition fee reimbursement. etc. SOCIAL AND WELFARE ACTIVITIES MMTC's social and welfare activities promote welfare of the employees through various schemes like sports activities. port facilities.to officials. etc. Chennai. liberal loan facilities like house building advance. Bellary. Hyderabad. NETWORK OF OFFICES Its vast international trade network. includes.MMTC Transnational Pte. Ahmedabad Delhi. Ltd. MMTC also provides subsidized canteen facilities. Bhubaneshwar Mumbai. medical treatment. etc. MMTC also takes care of employees' families through merit scholarship. Jhandewalan (Delhi). MMTC is committed towards environmental upkeepment through aforestation in the mining areas. One wholly owned international subsidiary in Singapore. conveyance loan. residential accommodation in some of the major cities for its employees. house hold loan. Vizag .
a decrease of 26. Singapore (MTPL).316. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company¶s key strengths and weaknesses and the potential opportunities and threats. as well as for processing minerals and metals. including a detailed SWOT analysis. agro products.85 million during the fiscal year ended March 2009. China and Middle East. jewelry.75% over 2008.035. (excluding weekends) Upon ordering. Tata Steel Limited and MMTC Ltd. Once purchased. ammonium sulphate and granulated slag. The operating profit of the company was INR 2. soyabean meal. The various agro products traded by the company include wheat.000 of the world¶s leading companies. coke breeze.. entered into an agreement to form a 74:26 joint venture company for acquiring. The company operates a wholly owned subsidiary. This joint venture would provide sufficient amounts of raw materials to meet rising steel demand. MMTC also operates a manufacturing facility. South Korea. India. which is engaged in providing pig iron and BF coke along with nut coke. this SWOT profile will be updated and delivered direct to your inbox within two working days. and deliver this direct to you in pdf format within two business days.33% from 2008. maize. GlobalData¶s highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of MMTC Limited. MMTC Limited (MMTC) is principally engaged in international trading of various products such as minerals.06% from 2008. The company exports its products to Japan. crude tar.453. Ltd.The company reported revenues of (Rupee) INR 378.Swot analysis/ competitive edge This comprehensive SWOT profile of MMTC Limited provides you an in-depth strategic analysis of the company¶s businesses and operations. sugar. coal and hydrocarbons. The net profit of the company was INR 2. customers and competitors better. fertilizers. covering over 50. edible oil and pulses. and other commodities. . an increase of 39. This company report forms part of GlobalData¶s µProfile on Demand¶ service. In October 2009. metals and precious metals. a decrease of 24. rice.25 million during the fiscal year 2009. development and operation of mines. MMTC is headquartered in New Delhi. The profile helps you formulate strategies that augment your business by enabling you to understand your partners.98 million during the fiscal year 2009. Neelachal Ispat Nigam Limited (NINL). MMTC Transnational Pte.
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