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MMTC LIMITEDCore -1, "SCOPE COMPLEX7 Institutional Area, Lodhi Road,New Delhi - 110003 INDIAEmail- [email protected] EPABX - +91-11-24362200

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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

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.”

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.

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To upgrade employee skills for achieving higher productivity.

Establishment and Achievements

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.

2. State Trading Corporation of India Ltd. Founded in 1956, as a wholly owned government subsidiary, to handle the export and import of selected commodities.

3. MMTC was incorporated on 26 September, 1963 at New Delhi. The Corporation started functioning on 1 October. The main objectives of the company were Export of mineral ores and Import of essential metals.

4. Japan and South Korea continued to be the major markets till the year of 1994.

5. Then MMTC made a foray into European market with the exports of one lakh tones 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 tones of gold and silver worth 270 tones was made and the company opened new gold vaults at Hyderabad and Vizag to offer its services to the customers in these areas.

1. MMTC, one of the two highest foreign exchange earner for India, leading international trading company with a turnover of over US$ 7 billion.

2. 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.

3. MMTC is the largest non-oil importer in India.

4. MMTC's diverse trade activities encompass Third Country Trade, Joint Ventures, and Link Deals - all modern day tools of international trading.

5. 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 global market coverage.

6. INDIA'S LARGEST TRADING GIANT

7. INDIA'S LEADING EXPORTER OF MINERALS

8. ONE OF THE WORLD'S LARGEST BUYER OF FERTILIZERS

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9. THE SINGLE LARGEST BULLION TRADER IN THE INDIAN SUBCONTINENT

10. THE BIGGEST IMPORTER OF NON FERROUS METALS & INDUSTRIAL RAW MATERIAL TO INDIA

11. MMTC is one of the largest importers of LAM COKE (LOW ASH METALLURGICAL) in India.

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.

Items of Trade:-

1. Minerals

2. Precious Metals

3. Fertilizers

4. Metals

5. Agro Products

6. Coal and Hydro Carbon

7. General Trading

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.

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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.

Precious Metals – Gems & Jewellery

IMPORT ACTIVITIES: 

1. GOLD/SILVER /PLATINUM

2. ROUGH DIAMONDS /COLOURED STONES

EXPORT ACTIVITIES:

1. OVERSEAS EXHIBITIONS

DOMESTIC ACTIVITIES:

1. SANCHI SILVERWARE

2. GOLD/SILVER MEDALLIONS/ MINT

3. ASSAYING & HALLMARKING UNIT

4. DOMESTIC EXHIBITIONS & MEGA LUCKY DRAW

5. MMTC RETAIL SHOWROOMS FRANCHISEE OUTLETS & FOR SANCHI, MEDALLIONS, JEWELLERY

6. CUSTODIAN SERVICES AT MUMBAI

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 jewelers 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.

Metal

Base Non-Ferrous Metals : Copper, Cathodes, CC rods Aluminum , Zinc Ingots High grade

Minor Metals : Antimony (min. 99.65% purity)

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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

o 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.

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 tones.

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.

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Large warehousing facilities having proximity to rail-heads and ports.

Well controlled logistics for movement of goods.

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.

General Trading

CHEMICALS, DRUGS & PHARMACEUTICALS

1. Inorganic chemicals

2. Organic chemicals

3. Dyes and intermediates

4. Drugs & Pharmaceuticals

TIMBER

1. Teakwood - Tectona Grandis

2. Tropical Hard woods - Salengan Batu, Keuring, Kapur, Meranti logs

TEXTILES/WOOL/COTTON

BUILDING MATERIAL

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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.

Awards

1. 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.

2. 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.

3. 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.

4. Shri Sanjiv Batra, CMD MMTC received the MOU Excellence Award from Hon'ble Prime Minister Dr. Manmohan Singh

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.

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

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Global Trader Status by the Government of Singapore. This status is granted to companies fulfilling strict criteria and enables such companies to join the top league of leading trading companies in Singapore.

Group Company – NINL

Neelachal Ispat 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 02.02.2012 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.

MMTC Clients in India

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Ferro alloy usesProduct Share

(%)Application Key inputs

Manganese alloys

62 Normal and high-carbon steel manufacture Ferro-manganese – finds application in auto industry Silicon-manganese – used in construction industry

Manganese ore

Ferro-silicon 5 Additive for deoxidation and as an alloying element Used in steel-making and foundries as a source of

silicon in carbon stainless steel production

Silica and charcoal

Chrome alloys

32 Ferro chrome used in superior alloys and stainlessSteel manufacture.

All classes of stainless steel have a minimum of 10.5% chromium.

Apart from ferrous and non-ferrous industries, Ferro-chrome is used in chemical and refractory industries

Chromites

Noble Ferro alloys

1 Vital additive used in alloy and special steels Used as a deoxidant and alloying agent

N/A

Although the MMTC's planning is centralized at its corporate office in New Delhi, the MMTC's

philosophy is that management should implement its decisions according to local conditions. Its

regional offices at Barbil, Bombay, Calcutta, Cuttuck, Delhi, Goa, Madras, and Vizag have all

been sited deliberately to take advantage of the close proximity of mines and ports and the needs

of local industry. Overseas, the MMTC has offices in Tokyo, Japan; Seoul, Korea; and

Bucharest, Romania, all dealing with iron ore exports, while an office in Amman in Jordan

handles non-canalized exports.

The MMTC's interests in the 2013s cover every part of India's economy related to foreign trade.

Its principal activities remain the export of primary and manufactured products, but also involve

importing industrial commodities such as ferrous and nonferrous metals; fertilizers and fertilizer

raw materials; third country trading, which involves importing a product from a foreign country

and selling it to a third country at a profit without importing the commodity into the trading

country; countertrade; acting as an agent and representative for domestic producers; domestic

trade in bulk raw materials; providing insurance, shipping, financing, transportation and

warehousing services for Indian exporters; and entering into joint ventures in mining,

transportation, manufacturing, trading and the building of infrastructures.

MMTC's Unique Position

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MMTC continues to lead India's foray in  mineral exports with global success for  four decades

by redefining standards  of global excellence by customer  satisfaction worldwide.  It continues

to  be the largest supplier of Iron Ore,  handling about 15% of India’s total  exports.

MMTC has managed with commendable  elan the bulk operations spread across  far - flung areas

in the mineral rich  states of the country and by exporting  minerals from all the major ports of

India, thus utilizing the  extensive  network of infrastructure facilities. 

MMTC's drive for excellence is reinforced by its marketing thrust in traditional markets like

Japan and S. Korea and Pakistan.  MMTC is the catalyst in developing the Chinese market for

Indian Iron Ore since the mid 1980s.

MMTC, India's largest foreign trade enterprise, reiterates its commitment to augment India's

share in the global market for minerals and ores. For our consistent and sustained performance in

the global arena, we deeply thank our valued patrons, associates and partners who have helped us

reach the pinnacle of global standards.

MMTC - The Minerals Success Story

Commitments With The Buyer <> Meeting International Standards

MMTC’s role in the Nation’s mineral export does not stop with increasing the volume.  MMTC

has been making certain strategic plans which would facilitate in not only sustaining the present

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level of exports but, also equip the country to meet the challenges of larger volume of exports in

future. 

One of the bottlenecks in increasing the Indian Iron Ore exports is the deficiency in port facilities

especially in the East-Coast where the operations are free from the vagaries of weather like,

closing of port operations during the monsoon period in Goa, Mangalore, Bellikari etc.  In this

direction, MMTC has been successful in obtaining an exclusive right to develop a temporary

Iron Ore Terminal at Ennore near Chennai.  This facililty has become operational from July’04.

MMTC had already made shipments of over 0.5 million tons from Ennore Port despite various

teething problems. MMTC is also in constant dialogue with the various Ministries , Railways,

Ports and exporters to assess the development potential for a comprehensive  infrastructure

requirements for larger volume of exports.  MMTC will continue to play a vital role in these

directions. 

Items of Trade

Iron ore

manganese ore

chrome ore

 OTHERS

(Mud Chemicals, Barytes, Bentonite, Bauxite, Talc, Gypsum, Feldspar, Quartz/Silica Sand,

Garnet Sand, Kaolin (China Clay), Vermiculite)

LOGISTIC SUPPORT

At all the loading ports, MMTC ensures proper receipt, stacking, quality control and delivery of

the cargo into the vessels for shipment. The entire arrangement guarantees delivery of minerals

& ores contracted in continuous manner all around the year.

All ports are equipped with mechanical loading facilities.

Destination of Exports

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MMTC 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.

Leader In Mineral Exports

MMTC's performance in mineral trade has been acknowledged by the CAPEXIL (Chemicals and

Allied Products Export Promotion Council) by conferring the nation's highest award for

excellence in mineral exports 20th time in succession.

Mode of Sales

MMTC's mineral sales are on FOB basis only.

PRECIOUS METALS, GEMS & JEWELLERY   

MMTC Limited is one of India’s Premier bullion trader, handling more than 170 MTs of Gold &

1100 MTs of Silver during 2011-12.  The Precious Metals Division has consistently contributed

significant proportion of the total turnover of the Company.

MMTC’s Precious Metals Division is in to a range of activities covering imports, exports and

domestic retail trade. It helps in promoting exports from India by holding exclusive foreign

exhibitions of gold and studded jewellery at chosen overseas locations.

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MMTC is 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. It is one of the custodians of the

Diamond Plaza Customs Clearance Center in Mumbai. MMTC is also the custodian for import &

export of precious cargo at SEEPZ, SEZ Mumbai.

The company also operates in-house assaying and hallmarking units at New Delhi, Ahmedabad,

Kolkata and Jaipur for testing purity of gold and gold articles duly accredited with Bureau of

Indian Standards.

 Precious Metals-Imports :

Items imported by Precious Metals Division :

S.No. Item Denomination

Gold Kg Bar, 100 gm bars, others

Silver Standard Bar & Grains

Platinum 1,5 10 Tr. Oz Bar & Grains

Palladium 1 Kg Bar

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Rough Diamonds

Coloured Stones

Rubies, Emeralds & other semi-precious stones

Details of Bullion Imports

MMTC imports and supplies bullion to the exporters under various provisions of the Foreign

Trade policy. Different schemes being followed are as under :

A) MMTC’S Bullion Supply Schemes For Buyers :

Nodal Officers for Supply of Gold to Exporters:

10AM to 5PM on all working days

FOR EXPORTERS:

- On Loan- Outright Basis- On Replenishment Basis

On Loan 

Exporters wishing to avail gold on Loan Scheme from MMTC need to be registered by

submitting information in the prescribed format. Loan facility is extended against Bank

Guarantees of required values covering cost of gold and custom duty. To be repaid and exported

within prescribed days as per Foreign Trade Policy by purchasing equivalent quantity of gold at

LME price prevailing on the date of purchase along with fixing commission, CIP premium &

service charges etc. Interest as applicable for the period of loan based on interest rates fixed by

MMTC will be charged.

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  Outright Purchase 

Application for outright purchase has to be submitted along with the notional value of gold (in

the form of DD/Banker’s cheque/ High value cheque) intended to be purchased by the party and

BG for customs duty with any nearby MMTC Office. Delivery would be against the price

fixation payable along with fixing commission, CIP, delivery charges and MMTC's service

charges etc. Gold would be delivered to an authorized representative of the exporter against

payment of the differential if any, of actual and notional value.

  On Replenishment Basis 

Exporters wishing to avail gold on replenishment basis from MMTC need to register themselves

with their application in prescribed format with any nearby MMTC Office. The quantity of

precious metal booked shall be equivalent to the precious metal content in the exported product

and the admissible wastage. An initial deposit of 20% of the notional price declared by MMTC

will be made with registration. Delivery of gold would be made against receipt of full payment

together along with interest.

B) For Sales to Domestic Users 

- On Loan - On Outright Basis

 Import of Rough Diamonds & Colored Stones 

MMTC is the nodal agency for import of rough diamonds from Russia under the trade protocol

signed between the Governments of India and Russia.

Coloured semi-precious stones - MMTC deals in rubies, emeralds and other semi precious

stones. Raw material is being directly procured from the miners of Brazil, Zambia, Kenya,

Zimbabwe and Russia.

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Custodian Services In Mumbai :

MMTC is a custodian of Diamond Plaza Customs Clearance Center (DPCCC) and SEEPZ

special economic zone at Mumbai.

Domestic activity – Sanchi Silverware    

Sanchi is MMTC's brand of Silverware specifically introduced for the quality conscious

consumer. MMTC has introduced sterling silverware (92.5%) for the discerning customers.

Sanchi is known for its purity, quality and design. The designs are simple yet elegant and

appealing.

These products can be ordered in bulk for corporate gifts etc. and are available at MMTC owned

retail showrooms and Stockist showrooms.    

Business Opportunity with MMTC       

Here is an opportunity to grow with India’s largest trading house! Become an MMTC

Stockist for selling MMTC’s gold, silver products.

MMTC Invites you to be a stockist partner for its SANCHI silverware range of 92.5%

purity with hundreds of stunning designs and Gold & Silver medallions.

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All you need is a good showroom space in a commercial area and strong financial

strength for a unique business opportunity based on Sanchi’s brand success.

Criterion for Empanelment with MMTC for sale under stockist arrangement of MMTC

brand - 'SANCHI' products: silverware & Medallions (Gold & Silver).

TRADE ITEMS

MMTC imports following metals as per LME deliverable specifications and also Non LME

grade material according to the requirements of our customers:

1. Non-Ferrous Metals: Copper [(min. 99.90% purity) in the form of Wire bars, Cathodes, CC

rods], Aluminium [(min. 99.70%) in the form of Ingots and Wire rods], Zinc Ingots [High

grade (min. 99.95%), Spl. HG (min. 99.995%)], Lead Ingots [(min. 99.97%/99.99%)], Tin

Ingots(min. 99.85% purity), Nickel [in the form of Cathodes(both Cut and Uncut of min.

99.80% purity),Briquettes(min. 99.80% purity), Ferro Nickel etc.]

2. 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)

3. Industrial Raw Materials, Noble metals and Ferro alloys

CENTRALISED IMPORTS AT CORPORATE OFFICE

Imports of all Non-Ferrous Metals, Industrial Raw Materials, Minor Metals and concentrates are

centralized at Corporate Office in New Delhi and the sales are effected through various sale

centers located all over India.

QUALITY MATERIAL

MMTC imports quality material, duly approved by LME and conforming to international

specification viz. ASTM or BSS. Customers of MMTC include institutional buyers, who have

stringent quality norms for accepting the raw materials. Quality Certificate from Producer/ LME

approved assayer is essentially a part of MMTC's purchase contract.

STRATEGIES OF PURCHASE (IMPORTS)

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MMTC imports non-ferrous metals generally on CIF/C&F/CFR Main Indian Ports basis. The

purchase price is based on the LME cash settlement price plus premium. A variety of tailor-made

pricing options to suit the requirements of different customers like monthly average price,

flexible quotational period from date of order to 5 to 25 days after B/L date depending on the

shipment from load port, spot pricing etc. are offered.

PURCHASE (IMPORTS) THROUGH EMPANELLED SUPPLIERS

MMTC sources various metals from accredited and reputed empanelled suppliers. The process of

empanelment for credible suppliers is always open.  MMTC Limited New Delhi solicits

applications from interested reputed suppliers who meet the specified criteria for empanelment

by MMTC for supply of :-

1. Non Ferrous Metals (Lead Zinc, Nickel, Tin, Copper, Aluminum etc.)

2. Industrial Raw Material viz. Ferro Alloys, Nobel Alloys and Minor Metals etc.

3. NFM Scrap and Secondary Non ferrous Metals (recycled copper, lead, zinc scrap etc.)

 Those suppliers who are interested to be empanelled with MMTC and meet the specified criteria

may apply with full details, indicating:-

 (i) Name of the metals that they would like to be empanelled for : and

(ii) Category under which the applicant wish to be empanelled,

(iii) Details about Applicants banker like complete address and contact details.

(1) Criteria for empanelment of non-ferrous metals

Sl. No.

Category  

1. A Producers of non-ferrous metals

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2. B (i) Ring Member or Associate Member of LME/KLTM

  B (ii) Physical traders who have a running account with Ring Dealing or

Associate Members of LME/KLTM, with satisfactory bank reference

and minimum US$ 50 Million turnover per year in Non Ferrous

Metals during last three years.  A certificate from Ring Dealing or

Associate members of LME/KLTM to be furnished to this effect

indicating credibility, credit line offered by them and on performance

of their account with them.

3. C Metals Traders linked to producers with exclusive producer

backing/selling rights, with satisfactory bank reference.

4. D If not ring members or associate members of LME/KLTM, then they

should have handled non ferrous metals for last three years with a

turnover of at least US$ 50 million.  The company should be profit

making company in three out of immediate past five years with

satisfactory bank reference.

5. E Suppliers who have successfully supplied any Non Ferrous Metal to

MMTC as empanelled supplier during last one year would also be

permitted to make offers and would be empanelled at their request for

other metals provided they submit a satisfactory back up arrangement

for new metal proposed to be supplied.

6. F Any supplier  who is dealing in Non Ferrous Metal and not fulfilling

any of the MMTC’s criteria ( A to E) for empanelment and desirous to

supply the material to MMTC be also empanelled subject to the

following:

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A: Satisfactory bank reference

B: Standing Bank Guarantee for US$ 10000/- as security for

performance of the commitments.

C: Satisfactory pre-shipment inspection by third party inspection

agency at MMTC’s choice, about quality, quantity and packing of

material.

The following Authenticated/Certified documents are required in support of the above

details/criteria in all the categories except ‘A’ and ‘B (i)’ mentioned above:

Date of commencement of Non Ferrous Metals operations.

Turnover for Non Ferrous Metals business during the last three years and balance

sheet/account statement for the last three financial years.

Details of Non Ferrous Metals handled.

Quantum of business in Non Ferrous Metals done globally and into India.

Satisfactory bank reference to be sent directly to MMTC.

(2) Criteria for empanelment of suppliers of concentrates of base metals

Should be a well established supplier of Non Ferrous Metals concentrates to various user

industries during the last three years or a producer of Non Ferrous Metals Concentrates.

Should have supplied minimum 10000 MT of Non Ferrous Metals Concentrates to Indian

Buyers or others in Asia during the last three years.

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 Satisfactory bank reference for new suppliers (other than those already empanelled by

MMTC for Non Ferrous Metals).

Should have minimum turnover of US$ 100 Million in the last three years.

Interested suppliers to submit documents in support of the following:

Full name and postal address of the company

Name and designation of the authorized official to deal with.

In case of trader, details of producer whose material would be offered.

Typical specification of the material and brands that would be offered.

Balance sheets for the last three financial years.

Names and address of the bankers for obtaining bank reference.

Details of customers to whom the concentrates were supplied in the last three years

indicating quantity of each shipment.

Certificates from their leading bankers indicating period of their association with the

company, name and designation of the authorized signatories of the company, registered

address and present status of the company etc.  

(3) Criteria for empanelment of scrap and secondary non ferrous metals suppliers

Following categories of suppliers who fulfill requisite criteria as indicated shall be empanelled

for supply of scrap and secondary non-ferrous metals to MMTC

Category A: Scrap and secondary non ferrous metals stock and sale dealers, or producers

or their authorized dealers of secondary non ferrous metal, fulfilling the

following criteria :-

a) Should have handled scrap and/or secondary non-ferrous metals at least

during last two years.

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b) Profit making in two out of last three years.

c) Satisfactory bank reference with an annual turnover of US$ 25 Million

during last three years.

d) Should accept to abide by all terms and conditions for import of

scrap/secondary metals as laid down by Government of India from time to

time.

e) Should agree to accept responsibility for all quality claims of the material

and indemnify MMTC on this account. Shall submit an indemnity bond

along with detailed claim procedure on this account which would be binding

for settlement of claims.

In case of stock and sale dealers empanelment shall be subject to satisfactory credit rating report

by an accredited credit rating agency.

4) Criteria for empanelment of industrial raw material, minor metals, noble metals and

ferro alloys

Following categories of suppliers who fulfill requisite criteria as indicated shall be empanelled

for supply of industrial raw materials, minor metals,   noble metals  and ferro alloys to MMTC.

Category A: Existing producers of Industrial Raw Materials.

Category B: Metals Traders linked to producers having selling rights or Letter of

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Authority.

Category C: In case the applicant does not belong to category A or B, then they :-

a) Should be handling Industrial Raw Material, Minor Metals, Noble Metals

& Ferro Alloys, at least during last two years.

b) Profit making in two out of last three years with a turnover of US$ 10

million per year in minor metals, Ferro alloys and industrial raw material.

c) Satisfactory bank reference.

d) In case applicant is located in India they should submit letter of authority

as per MMTC proforma from their back up supply source whenever they

participate in our tender.

GENERAL CONDITIONS

1. The validity of empanelled suppliers of NFM is upto 31.03.2014, subject to their satisfactory

performance.

2. Since empanelment is a continuous process, suppliers who wish to empanel may apply for

empanelment subject to fulfillment of requirement as per the criteria listed above.

NETWORK OF SALE OUTLETS

There is a wide network of Sales outlets spread all over India. Major Sales outlets are as follows:

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North Zone : Faridabad, Ludhiana and Jaipur

West Zone : Mumbai and Ahmedabad;

East Zone : Kolkata, Bhubneshwar and Jamshedpur;

South Zone : Chennai, Bangalore, Hyderabad and Cochin;

THREE TYPES OF SALES

Customers have the following options for purchase:

1. High Seas basis

2. Ex-godown basis

3. Ex-bond basis

4. Ex-FTWZ basis.

MMTC imports metals with split Bill of Lading to cater to the need of small customers who

want to buy on high-seas basis. Special incentives are also given to regular customers.

ADVANTAGE OF PURCHASING THROUGH MMTC 

Market Information to assist the customer in Pricing: MMTC's in-house Dealer Room monitors

Real Time information on LME prices of all base non-ferrous metals and also the exchange

rates. Support services in the form of market intelligence is also provided to the customers, if

they so desire.

PROFESSIONALLY TRAINED MANPOWER

MMTC's import and sale of non-ferrous metals is handled by an expert team of professionals

with a dedicated product portfolio.

HIGH CREDIBILITY

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MMTC 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.

GENERAL TRADE

South Africa Desk

Africa is the world second largest and second most populous continent after Asia.  Their

population is equivalent to India, having abundant Natural resources.  The continent is believed

to hold more than 90% of the worlds cobalt, chromium and Platinum, 50% gold, 70% tantalite,

64% manganese and 1/3rd reserves of uranium in addition to huge reserves of Coal and

Diamond.  African nations have become the preferred trading partner for India, with India

looking for resources to fuel growth, Africa is a natural ally.  Trade between Africa and India is

expected to reach USD 70 Billion by 2015.

In order to harness the potential in trade a South Africa Desk is in operation interacting with

FICCI, CII and other Indian companies in the Mining and Manufacturing Sector devising ways

and means to derive maximum benefit to the country.

MMTC has opened its Office in Johannesburg recently to explore various trading opportunities

in MMTC's area of interest.

Offering a basket of products

 MMTC is equipped and dedicated to deliver International Trading solutions in the trading of a

vast range of commodities like Chemicals, Drugs and Pharmaceuticals, Paraffin Wax, PVC

Resin and Granules wool and cotton, cement, clinker, gypsum, security equipment and

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engineering goods, we are always open to any other items of interest to the trade and industry,

from anywhere in the world with particular focus on SAARC, CIS and East European countries.

SME 

Considering the huge contribution of the SME sector to the GDP and Exports MMTC nurtures

the sector with various International trading solutions for boosting

IMPORT OF IRON & STEEL (also include manganese and chrome)

India had been annually importing about 1.0 to 1.5 million tones of steel. Imports are mostly on

price considerations and, in some cases, to supplement domestic production. The observed

growth in imports is mainly in hot rolled coils, cold rolled coils, semis and steel scrap. Increased

emphasis on import substitution has emerged as a key trend in the domestic industry.

Iron & Steel are freely importable as per the extant policy.

Last four years import of Finished (Carbon) Steel is given below:-

Year Quantity(in million tones)

2005-2006 1.540

2006-2007 2.109

2008-2009 3.850

2010-2011(Prov. Estimated) 4.100

2012-13(Prov estimated April- June 2013) 0.800

EXPORT OF IRON AND STEEL (also include manganese and chrome)

India has already registered its presence in the global market in the recent years. While India

started steel production in the year, 1911, steel exports from India started only in 1964. However,

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steel exports have been sporadic. From 1964 to 1968 India exported a large quantity of steel

mainly due to recession in the domestic iron and steel market.

Subsequently, exports declined with revival of the domestic demand. India once again started

exporting steel from 1975, touching a record export of steel in 1976-77 when India exported 1

million tones of pig iron and 1.4 million tones of steel. Thereafter, exports again declined only to

pick up in 1991-92, when Main Producers exported 3.87 lakh tones valued at Rs. 283 crores.

Export of finished carbon steel in 2003-04 is 4.835 million tones, which is higher by 7.30%

during the corresponding period of last year. Total exports of the iron and steel sectors during

2003-2004 have been estimated to be 6.037 million tones.

Due to various policy measures taken up by the Government like liberalization of import export

policy, introduction of flexibility in the advance licensing scheme and convertibility of rupee on

the capital account, exports of iron and steel from India have received continued thrust.

Iron & Steel are freely exportable.

Advance Licensing Scheme allows duty free import of raw materials for exports.

Duty Entitlement Pass Book Scheme (DEPB) introduced to facilitate exports.

Under this scheme exporters on the basis of notified entitlement rates, are granted due credits

which would entitle them to import duty free goods. The DEPB benefit on export of various

categories of steel items scheme has been temporarily withdrawn from 27 th March 2008, to

increase availability in the domestic market.

Exports of finished carbon steel and pig iron during the last four years and the current

year is as:-

Quantity in millions of tones

Year Finished (Carbon) steel Pig Iron

2005-2006 4.506 0.609

2006-2007 4.835 0.518

2008-2009 4.381 0.393

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2010-2011 4.478 0.440

2011-2012(Prov. Estimated) 4.750 0.350

2012-2013(April-june)Prov.

Estimated

1.310 0.120

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FINDINGS

SWOT analysis of MMTC Pvt. Limited

Strengths Weakness

Sufficient Reserves of Iron ore

Robust demand for steel for the

next decade

Private Sector players have gained

maturity in steel production

Comparatively, Cheap Labour

availability

Low focus of steel companies on

technology R&D

Infrastructural Constraints for

logistics

Lesser efficiency as compared to

global peers in terms of BF

productivity, energy consumption and

Carbon dioxide emission

Opportunities Threats

Proximity to fast growing Asian

markets

Lack of capacity in downstream

value added products as compared to

demand

Unlocking the demand potential of

rural India

Lack of sufficient coking coal

reserves

Financial markets unable to

arrange and provide investment funds

for expansion

Dumping from China

Quantity and Quality shortage of

Human Capital

Delay in project commissioning

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STATUTORY COMPLIANCE:

The Managing Director makes a declaration at each Board Meeting regarding the compliance

with provisions of various statutes after obtaining confirmation from all the units of the

company. The Company Secretary ensures compliance with the SEBI regulations and provisions

of the Listing Agreement. The Group Chief Financial Officer as the Compliance Officer ensures

compliance with the guidelines on the insider trading for prevention of insider trading.

CAUTIONARY STATEMENT:

Statements made in this report describing the Company’s objectives, projections, estimates,

expectations may be “forward looking statements” within the meaning of applicable securities

laws and regulations. Actual results could differ materially from those expressed or implied.

Important factors that could make a difference to the Company’s operations include economic

conditions affecting demand/supply and price conditions in the domestic and overseas markets in

which the Company operates, changes in the Government regulations, tax laws and other statutes

and incidental factors.

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CONCLUSION

Sustainability principles have application for all stages of mine life cycle – exploration, mine

planning, construction, mineral extraction, mine closure and post-closure reclamation and

rehabilitation. These principles include elements such as intra and intergenerational equity, the

precautionary principle, scientific mining, management of socioeconomic impacts and creation

of substitute capital in the form of social and physical infrastructure and stakeholder engagement.

It is through the interaction of their principles with the activities carried out in the different

stages of the mining cycle that an appropriate framework for sustainable development (in

mining) is established. In operational terms, the sustainable development in the mining sector

implies a mix of scientific mining and technological improvements, improved environmental

management including pollution control, enhanced socio-economic development of local areas

and communities, stakeholder engagement and transparency in communication. Effective

regulation (by government) and good governance as well as self-regulation and ethical conduct

on the part of mining enterprises play a crucial role in the achievement of sustainable mineral

development.

Thus, to sum up our discussions of sustainability, it may be stated that although “sustainable

development“is a broad and somewhat ambiguous concept, it can be translated into a few

operational principles for the purpose of achieving its objectives in mineral development.

Sustainability in mining operations can be conceived in terms of a framework comprising the

following elements: (i) scientific mining, (ii) environmental protection, especially minimizing

the impacts of mining practices on biodiversity, (iii) local stakeholder engagement, (iv) enabling

local socio-economic development (in the areas of mining operations) and (v) accountability and

transparency.

However, two main pre-conditions for achieving sustainability through these mechanisms are the

existence of good governance and self-regulating mining enterprises which are economically

viable, financially profitable and technically efficient. In the following sections, we will examine

the present conditions in the India’s mineral industry, including the nature of sustainable

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practices being adopted in some selected mining states of the country, and the environmental and

sustainability practices being followed in a few foreign countries and by selected major

multinational companies. In the light of the analysis, we will identify a few areas of concern and

then suggest a possible framework for sustainable development for India’s mineral sector.

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RECOMMENDATIONS

The opportunity and threats managed by MMTC given below ways:-

• All operational and related activities are performed efficiently and effectively.

• Significant financial, managerial and operating information that is relevant, accurate and

reliable is provided on time.

• Review the process of identification and management of business risks.

• Resources are acquired economically, used efficiently and safeguarded adequately.

• Employees’ actions are in accordance with the Company’s policies and procedures.

• Significant legislative and regulatory provisions impacting the organisation are recognised and

addressed appropriately.

• Opportunities identified during audits, for improving management control, business targets and

profitability, process efficiency and the organisation’s image, are communicated to the

appropriate level of management.

• Shareholders’ and other Stakeholders’ wealth and welfare are preserved, protected and

enhanced.

Corporate Audit division develops an annual audit plan based on the risk profile of business

activities of the organisation and the business activities are prioritised for audit accordingly. The

Audit Committee also met the Company’s Statutory Auditors to ascertain their views on the

financial statements, including the financial reporting system, compliance to accounting policies

and procedures, the adequacy and effectiveness of the internal controls and systems followed by

the Company.

Strengthen Human resources and industrial Relations

Training

Compensation & HR Services

Talent Management

Leadership Development

Knowledge Sharing

Segment Wise performance

BIBLIOGRAPHY:

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Websites:

(1) http://steel.nic.in/Perfomance%20budget%20(2005-06)Englishchap2.pdf

(2) http://www.ieIndia.orgpdf8989MM104.pdf

(3) http://article.wn.com

(4) http://steel.nic.in/

(5) http://www.tatasteel.com

(6) http://greenbussinesscentre.com/images/photos/Exp48.pdf

(7) http://www.tatasteel.com/newsroom/awards.asp

(8) http://www.ieIndia.orgpdf8989MM104.pdf

(9) http://www.tatasteel.cominvestorrelations2002pdfsmda.pdf

(10) http://steel.nic.in/Performance%20Budget%20(2005-06)Englishchap2.PDF

(11) http://www.tatasteel.cominvestorrelationsan200708investor-presentation-feb08.pdf

(12) http://www.slideshare.net/pankajhambarde/tata-corus-ppt-presentation

(13) http://www.tata.com/company/Articles/inside.aspx?artid=KfibEhYKXcE=

Books, Magazines and News Papers:

(a) Mukharjee, R. 2008. A century of Trust, Penguin Books. India. Pg.100- 101

(b) Cherunilam, F.2008. Business Text, Himalaya publishing house, Mumbai.

(c) Economic Times, Date: 27th Sept. 2008, 2nd Oct. 2008, 4th Oct. 2008, 15 th Nov. 2008

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