MIRA INFORM REPORT

 

 

Report No. :

317296

Report Date :

13.04.2015

 

IDENTIFICATION DETAILS

 

Name :

RELIANCE MUTUAL FUND

 

 

Registered Office :

12th Floor, One India Bulls Compound Tower 1, Jupiter Mills Compound, Elphinstone Road, Mumbai – 400013, Maharashtra

Tel No.:

Not Available

 

 

Country :

India

 

 

Year of Establishment:

30.06.1995

 

 

Com. Reg. No.:

MF/022/95/1

 

 

Capital Investment / Paid-up Capital :

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Trust

 

 

Line of Business :

Subject is act as a financial services provider.

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Reliance Mutual Fund, a part of the Reliance Anil Dhirubhai Ambani (ADA) Group, is one of the fastest growing mutual funds in India.

 

It has been established as a trust under the Indian Trusts Act, 1882. It is having a satisfactory track.

 

It offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 179 cities across the country.

 

Management is reported to be experienced and respectable businessmen.

 

Trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

 The subject can be considered for business dealings at usual trade terms and conditions. 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CARE

Rating

Reliance capital protection oriented fund: Plan A = AAA MFS (SO)

Rating Explanation

Have the highest degree of safety.

Date

14.03.2014

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

 

INFORMATION DECLINED

 

UNABLE TO CONTACT THE COMPANY 

 

LOCATIONS

 

Registered Office :

12th Floor, One India Bulls Compound Tower 1, Jupiter Mills Compound, Elphinstone Road, Mumbai - 400013, Maharashtra, India

Tel. No.:

Not Available

Fax No.:

Not Available

Website :

www.reliancemutual.com

 

 

Branches Office:

Located at

 

Adayar

Agartala

Agra

Ahmedabad

Ahmednagar

Ajmer

Akola

Aligarh

Allahabad

Alwar

Ambala

Amravati

Amritsar

Anand

Andheri

Anna Nagar

Asansol

Aurangabad

Balasore

Bangalore

Bardoli

Bareilly

Belgaum

Bellary

Berhampur

Bhagalpur

Bharuch

Bhatinda

Bhavnagar

Bhilai

Bhilwara

Bhopal

Bhubaneswar

Bhuj

Bikaner

Bilaspur

Bokaro

Borivali

Burdwan

Calicut

Chandigarh

Chennai

Cochin

Coimbatore

Cuttack

Dalhousie

Davangere

Dehradun

Dhanbad

Durgapur

Erode

Faridabad

Firozabad

Gandhinagar

Ghatkopar(East)

Ghaziabad

Gorakhpur

Guntur

Gurgaon

Guwahati

Gwalior

Haldwani

Hassan

Himatnagar

Hissar

Howrah

Hubli

Hyderabad

Ichalkaranji

Indore

Jabalpur

Jaipur

Jalandhar

Jalgaon

Jammu

Jamnagar

Jamshedpur

Janakpuri

Jayanagar

Jhansi

Jodhpur

Junagadh

Kakinada

Kalyan

Kalyani

Kangra

Kanpur

Kharagpur

Kolhapur

Kolkata

Kota

Kottayam

Lajpat Nagar

Lucknow

Ludhiana

Madurai

Malda

Malleswaram

Mangalore

Margao

Meerut

Mehsana

Moradabad

Mumbai

Muzaffarnagar

Muzaffarpur

Mysore

Nagpur

Nanded

Nasik

Navsari

Nellore

New Delhi

Noida

Panaji

Panipat

Pathankot

Patiala

Patna

Pondicherry

Pune

Raipur

Rajahmundry

Rajkot

Ranchi

Rohtak

Rourkela

Sagar

Saharanpur

Salem

Salt Lake City

Sambalpur

Sangli

Satara

Satna

Serampore

Shillong

Shimla

Shimoga

Siliguri

Solapur

Surat

Thane

Thanjavur

Thrissur

Tinsukia

Tirupathi

Tirupur

Tiruvalla

Trichy

Trivandrum

Tuticorin

Udaipur

Ujjain

Vadodara

Valsad

Vapi

Varanasi

Vasco

Vashi

Vellore

Vijayawada

Visakhapatnam

Warangal

Yamuna nagar

 

MANAGEMENT

 

Name :

Reliance Trustee Company Limited

 

BUSINESS DETAILS

 

Line of Business :

Subject is act as a financial services provider.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

Not Divulged

 

 

 

Banking Relations :

 

 

 

Auditors :

 

Name :
  • Haribhakti and Company 

Chartered Accountants

 

  • Price Waterhouse Coopers

Chartered Accountants

 

  • BSR and Company 

Chartered Accountants

 

  • Malpani and Associates

Chartered Accountants

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

NOT DIVULGED

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

No

8]

No. of employees

No

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last three years

No

12]

Profitability for last three years

No

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

No

15]

Capital in the business

No

16]

Details of sister concerns

No

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

--

22]

Litigations that the firm / promoter involved in

--

23]

Banking Details

No

24]

Banking facility details

No

25]

Conduct of the banking account

--

26]

Buyer visit details

--

27]

Financials, if provided

No

28]

Incorporation details, if applicable

No

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

No

31]

Date of Birth of Proprietor/Partner/Director, if available

No

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

AUM REPORT FOR THE QUARTER ENDED 30.09.2014

 

ASSET CLASS WISE DISCLOSURE OF AUM AND AAUM

(Rs. In Million)

Category

AUM as on the last quarter

Average AUM for the quarter

 

 

 

Income

535010.870

549863.586

 

 

 

Equity (Other than ELS)

315368.160

295880.689

 

 

 

Balanced

7177.018

6543.338

 

 

 

Liquid

210632.696

314022.372

 

 

 

Gilt

3391.938

3396.958

 

 

 

Equity – ELSS

33086.668

31008.768

 

 

 

Gold –ETF

16543.915

17740.204

 

 

 

Other ETF

2278.605

2227.676

 

 

 

Fund of fund Investing overseas

0.000

0.000

 

 

 

Total

1123489.872

1220683.592

 

 

 

Fund of fund

Scheme (Domestic)

12139.286

13179.818

 

AUM REPORT FOR THE QUARTER ENDED 30.09.2014

 

DISCLOSURE OF PERCENTAGE OF AUM BE GEOGRAPHY

 

(Rs. In Million)

Geographical spread

% of Total AUM as on the last day of the quarter

 

 

Top 5 cities

5.755

 

 

Next 10 cities

2.273

 

 

Next 20 cities

0.779

 

 

Next 75 cities

0.846

 

 

Other

0.346

 

 

Total

10.000

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.37

UK Pound

1

Rs.91.60

Euro

1

Rs.66.49

 

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

KVT

 

 

 

RATING EXPLANATIONS

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.