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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

495524

Report Date :

06.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

RELIANCE MUTUAL FUND

 

 

Registered Office :

11th Floor and 12th Floor, One India Bulls Compound Tower 1, Jupiter Mills Compound, Elphinstone Road, Mumbai – 400013, Maharashtra

Mobile No.:

91-22-30994600

 

 

Country :

India

 

 

Financials (as on) :

Not Available

 

 

Year of Establishment :

30.06.1995

 

 

Capital Investment :

Not Divulged

 

 

IEC No.:

Not Divulged

 

 

TIN No.:

Not Divulged

 

 

GST No.:

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

Not Divulged

 

 

Legal Form :

Trust

 

 

Line of Business :

Providing Financial Services. [From Indirect Sources]

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear 

 

 

Comments :

“Reliance Mutual Fund” (RMF) is a part of Reliance Anil Dhirubhai Ambani Group, established in the year 1995 as a “Trust” under Indian Trust Act 1882 and it is managed by “Reliance Capital”.

 

The subject is amongst the top 3 mutual funds in India in terms of assets under management.

 

As per indirect source we could find that, RMF hold a market share of 11.5% with the average asset managed INR 2435939.200 million as on 31st March 2017.

 

Further, RMF has created a wide distribution network in nearly 160 branches with over 54,000 empanelled distributors.

 

Rating takes into consideration, the established track record of business operations backed by its strong managerial and financial support from “Reliance Capital”.

 

Payment seems to be regular.

 

In view of aforesaid, the trust 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

 

NOT AVAILABLE

 

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 31-03-2016.

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 06.03.2018.

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

 

INFORMATION DECLINED

 

MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-22-30994600]

 

 

LOCATIONS

 

Registered / Corporate Office 1 :

11th Floor and 12th Floor, One India Bulls Compound Tower 1, Jupiter Mills Compound, Elphinstone Road, Mumbai – 400013, Maharashtra, India

Tel. No.:

91-22-30994600

Fax No.:

91-22-30994699

E-mail :

customer_care@reliancemutual.com

Website :

www.reliancemutual.com

 

 

Corporate Office 2 :

Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz (East), Mumbai – 400055, Maharashtra, India

Tel. No.:

91-22-33031000/ 1111

Fax No.:

91-22-33037662

 

 

Regional Offices :

Located at:

 

·         New Delhi

·         Ahmedabad

·         Bangalore

·         Chandigarh

·         Chennai

·         Coimbatore

·         Goa

·         Gurugram

·         Hyderabad

·         Indore

·         Jaipur

·         Kolkata

·         Mumbai

·         Noida

·         Pune

·         Agarta

·         Agra

·         Dehradun

 

 

Branch Offices:

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

Gurugram

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

Designation:

Trustee

 

 

Name :

Mr. Sundeep Sikka

Designation:

Chief Executive Officer and Managing Director

 

 

Name :

Mr. Sunil Singhania

Designation:

Chief Information Officer

 

 

Name :

Mr. Amit Tripathi

Designation:

Chief Information Officer

 

 

Name :

Mr. Muneesh Sud

Designation:

Compliance Officer

 

 

Name :

Mr. Bhalchandra Joshi

Designation:

Investor Service Officer

 

 

BUSINESS DETAILS

 

Line of Business :

Providing Financial Services. [From Indirect Sources]

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Not Divulged

 

 

Purchasing :

Not Divulged

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

Customers :

 

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

 

Bank Name:

Not Divulged

Branch:

--

Person Name (with Designation):

--

Contact Number:

 

Name of Account Holder:

--

Account Number:

--

Account Since (Date/ Year of A/c Opening):

--

Average Balance Maintained (Optional):

--

Credit Facilities Enjoyed (CC/OD/Term Loan):

--

Account Operation:

--

Remarks:

--

 

 

 

Auditors :

Haribhakti and Company 

Chartered Accountants

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

NOT DIVULGED

 

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report

(Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

No

8

Designation of contact person

No

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

No

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

21

Banking facility details

No

22

Conduct of the banking account

--

23

Financials, if provided

No

24

Capital in the business

No

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

No

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

No

30

Major shareholders, if available

No

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

WEBSITE DETAILS

 

PROFILE

 

Reliance Mutual Fund (RMF) is one of India's leading mutual funds, with Average Assets Under Management (AAUM) of INR 2435939.200 Million​​ ​(September 2017 - December 2017 Quarter Q3) and 76.46 lakhs folios (as on​ 31st December​​​,​​2017​). To know more details about the AUM, please click here.

 

Reliance Mutual Fund, a part of the Reliance Anil Dhirubhai Ambani (ADA) ​Group, is one of the fastest growing mutual funds in India. RMF offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 160​ cities across the country. RMF constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

 

ABOUT RELIANCE MUTUAL FUND

 

Reliance Mutual Fund (RMF) has been established as a trust under the Indian Trusts Act, 1882 with Reliance Capital Limited (RCL), as the Settler/Sponsor and Reliance Capital Trustee Co. Limited (RCTC), as the Trustee.

 

Reliance Mutual Fund has been registered with the Securities ​​& Exchange Board of India (SEBI) vide registration number MF/022/95/1 dated June 30, 1995. The name of Reliance Capital​​ Mutual Fund was changed to Reliance Mutual Fund effective March 11, 2004 vide SEBI's letter no. IMD/PSP/4958/2004 dated March 11, 2004. RMF was formed to launch various schemes under which units are issued to the public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities.

 

THE MAIN OBJECTIVES OF RMF ARE:

 

·         To carry on the activity of a mutual fund as may be permitted at law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders;

·         To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings; and

·         To take such steps as may be necessary from time to time to realise the effects without any limitation.

​

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 records 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

INR

US Dollar

1

INR 65.05

UK Pound

1

INR 89.70

Euro

1

INR 80.03

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

NIS

 

 

Report Prepared by :

ARC

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.