Investors

We build that relationship with customers through trust, fairness, respect, honor, innovation, and harmony serving beyond expectations and satisfaction.

MINRETA Group of Companies is one of the companies in the Philippines that have several companies that deals with e-commerce, trading, logistics, coffee shops, and farming businesses. MGC is a company that is a participant in the global environment that safeguards our planet and our future. It looks after the need of driving decarbonization, meet environmental regulatory requirements, compliance deadlines, and improve resource consumption. MGC practices Corporate Governance which is the system of rules, practices, and processes by which our company is directed and controlled. Corporate Governance essentially involves balancing the interests of our company’s many stakeholders, which can include investors, shareholders, senior management, customers, suppliers, lenders, the government, and the community. Communicating the company’s corporate governance is a key component of community and investor relations. Our company observes the Principles of Corporate Governance which are fairness, transparency, risk management, responsibility and accountability. We see that as a company having strong corporate governance has become a key component to building the environment. We have prepared our Shareholder / Investors Composition. It shows all the coverage of the business activities from the bank to the four companies we deal with as mentioned above and the distribution of the shareholders / investor’s composition in a percentage manner. On the others we are referring to projects we do with different institutions and businesses, including our vendors which are either domestic or foreign companies or both.

Shareholder/Investor Composition

Independent Auditor’s Report

Basis for Opinion ​

We conducted our audits in accordance with Philippine Standards on Auditing. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the consolidated financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the consolidated financial statements in the Republic of the Philippines, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Opinion

We have audited the consolidated financial statements of Minreta Group of Companies and its subsidiaries (collectively referred to as the “Group”), which comprise the consolidated statements of financial position as of December 31, 2023, and the consolidated statements of profit or loss, consolidated statements of comprehensive income, consolidated statements of changes in equity and consolidated statements of cash flows. The consolidated financial statements include a summary of significant accounting policies. In our opinion, the consolidated financial statements present fair result in all material respects, the consolidated financial position of the Group as of December 31, 2023, and its consolidated financial performance and its consolidated cash flows, in accordance with International Financial Reporting Standards.

Responsibilities of Management and those charged with Governance for the Consolidated Financial Statements

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with Financial Reporting Standards of the Republic of the Philippines, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, all matters related. With regard to the ongoing concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Group’s financial reporting process.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated. The engagement partner on the audit resulting in this independent auditor’s report is Miguel Frayna.

Key Audit Matters​

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

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MINRETA Group of Companies

Rene M. Bautista

President and CEO

Greetings from Minreta Group

Management Philosophy

We build that relationship with customers through trust, serving beyond expectations and satisfaction. Our company philosophy is based in the spirit of grounded “fairness, respect, honor, innovation, and harmony”. The Minreta Group is strongly committed to social, economic, and sociological development and safeguarding the global environment by conducting fair, just and upright corporate activities.

Thank you for visiting the homepage of Minreta Group the mother company of all Minreta Companies and its owned business franchise.

Minreta Companies were established in different years, starting in 2015 and on. In 2022 Minreta Group was established to improve the management and governance structure to improve the management, governance, marketing and services structure. Since its establishment, Minreta Group has been pursuing its projects, plans and responsibilities.

The history of Minreta Group began in October 2007, when Consolidated Marketing Systems, and import-export company, was first established and now it’s Minreta. The name MINRETA means “a coined word of three people’s names, Minda, Rene, and Taylor”, which conveys the dedication and determination of the founder Chairman Rene Bautista to contribute to his community and nation US and Philippines through business.

In February 2022, Minreta Group founded Minreta RCF Philippines which is now Minreta E-Mart an e-commerce business, which became the base for its entry into the retailing industry. BaristaBrew Café Fairview, a coffee franchise retailing coffee shop was established in September 2023 as part of the group. As Minreta Global Trade, LLC the mother company of the group, Minreta Companies have established themselves as a respected companies in their own different fields in the domestic and international business industry. Other companies such as Minreta Logistics and Minreta International Trading Inc., have grown into leading players in the logistics industry and import-export business.

Minreta Global Trade, LLC is committed to making Minreta Group of companies namely, Minreta International Trading Inc, Minreta E-Mart, BaristaBrew Café Fairview, and Minreta Logistics the world’s most competitive and comprehensive international trading, retailing, and logistics group, based on its excellent 17 years history. We will develop global sales competitiveness in the trading and logistics sector and retailing in the domestic sector. We will improve productivity and the customer network in the comprehensive trading and logistics sector as well as retailing in the domestic sector. For the franchise company in the coffee industry sector, we will strengthen cooperation with those vendors or suppliers, in the medical, dental, and laboratory products sector, e-commerce on house products sector, and retailing in the coffee sector, and air and ocean transport companies in the logistics sector and improve operational efficiency. Through these means, we will continue to improve and enhance the profitability of our companies.

Minreta Group will continue to expand shareholder-oriented policies and procedures, promote the business structure, and develop strategical plans of the group. We will also keep developing and improving management approach and transparency through continuous improvement of governance structure.

We, the members of Minreta Group, will put in our best efforts to ultimately improve the corporate value of our group of companies and shareholder value.

Employees of Minreta Group