1 Marwadi Finance (semyul) PDF

Preview

Summary

eggggggggggggggggggggggg...

Description

General Information Of MSFL

1

Marwadi at brief

NAME OF FIRM

:-

Marwadi Shares and Finance Ltd.

YEAR OF ESTABLISHMENT

:-

1991

ADDRESS

:-

Marwadi Shares and Finance Ltd, Near Kathiawar gymkhana, Dr. Radha Krishnan Road. RAJKOT – 360 001.

REGISTERED OFFICE

:-

12, Avantika Complex, Second floor, Limbda Lane JAMNAGAR.

PHONE NO.

:-

(0281) 2481313, 2468131

E-MAIL

:-

[email protected].

WEB SITE

:-

www.marwadionline.com.

AWARDS AND CERTIFICATE :-

2

ISO 9002 (For demat services)

FORM OF ORGANISATION

:-

Limited company

WEEKLY OFF

:-

Sunday

BRANCHES

:- Mumbai, Jamnagar, Junagdh, Bhavnagar, Porbandar, Keshod, Manavadar, Gondal, Surendranagar.

3

History and Development The company has achieved goals on a gradual basis wherein, have left footprints for the new entrepreneurs to develop in a systematic way. The different levels which the company had undergone are: 1991

Marwadi Shares and Finance got established.

1992

Marwadi Shares and Finance LTD. was incorporated.

1996

Became a corporate member of NATIONAL STOCK EXCHANGE (NSE).

1998

Became a corporate member of BOMBAY STOCK EXCHANGE (BSE).

1999

Launched depository service of depository participant under NATIONAL DEPOSITORY SECURITIES LTD. (NDSL)

2000

Commenced derivative trading after obtaining registration as a clearing & trading member in NSE.

2003

Became corporate member of the NATIONAL COMMODITY & DERIVATIVE EXCHANGE OF INDIA LTD (NCDX), also became member of the MULTI COMMODITY EXCHANGE OF INDIA LTD.

2004

Became a corporate member of the EXCHANGE (BSE).

2006

Become a PULBIC COMPANY.

4

BOMBAY

STOCK

Organization-chart

5

Marwadi

DEPOSITORY PARTICIPANT S

BROKING

SUPPORT DEPARTMENT

MARWADI

NSE

A. Front Office

H.R. & Admin Store

Cash Segment

B. Back Office

Futures & Option C. Dispatch Debt Segment

BSE Cash Segment

Futures & Option

Debt Segment

ME XS All Commodities Future

NEDEX All Commodities Future

Time keeping system 6

Accounts Technology Hardware

Time is no less important in any organization. “The time ones gone will never come back”. Time is as important as others factors of services. If you go through the history of a succeed firm, you will find that what they have achieved in short span of life and in a short time. The secret of their achievement in life was due to the proper budgeting of their time. So those who are able to budget there time perfectly can have fulfillment and success in life. In time management the vital factor is not only management of time at your disposal but also your ability to utilize the time in a proper manner.

As MSFL engaged mostly in share broking services and insurance services, it is very essential for such institute to have proper timing management. Work of the MSFL started from 10 a.m. in the morning to 7:30 p.m. at evening. There is a lunch break between 1:30 to 3:00 o’clock. Around 4:00 o’clock, tea break is given to their employees. For convenience of employees, if any employee wants to change their lunch time, he or she is free to do so.

7

Service Department

8

INTRODUCTION TO SERVICES As I have stated earlier also that MSFL is the service provider firm. MSFL is one of the biggest depository participants and has started insurance and mutual fund services since last two years. MSFL has got an ISO 9002 certification for demat services. Today MSFL is having 3000 clients and 27 branches in Saurashtra. MSFL is a quality service provider firm. They, at MSFL try to use advance technologies with speedy distribution of work for their clients. MSFL do not want to delay in any work and therefore they have also started separate customer care department, which will be convenient for customers.

MAIN SERVICES OF MSFL::

STOCK BROKING (NSE, BSE, F&O)



DEMAT SERVICES (BY NSDL AND CDSL)



COMMODITIES DERIVATIVES (BY NCDEX AND MCX)



LIFE AND GENERAL INSURANCE (AS A CORPORATE AGENT OF TATA-AIG)



MUTUAL FUNDS (ALL MAIN MUTUAL FUNDS)

9

VIEW OF MANAGER “We have dedicated research team churning out projection and prediction about micro and macro fundamentals. We at MSFL, strive to make investments a pleasurable exercise for all investors. We, at MSFL have committed to world-class financial services. At last, in order to sharpen our retail focus and for that they are planning out to expand their network and its long term goal is to become a financial super market with our financial chain-stores, spread throughout the length and breadth of our country. We, at MSFL are trying to use wealth to customers or clients’ for maximum advantage. We have committed to deliver value to our clients at the least cost.

The product enhancement in the marketing place has now led to a greater need on the part of all of us. To know the dynamics of market place more than ever before, we, at MSFL are engaged in that effort”.

10

BRIEF TO FLOOR VICE SERVICES FIRST FLOOR 

Reception: If any customer or client wants to meet any staff member of MSFL

individually or by telephone, receptionist will make them meet. All members of MSFL have been given telephone code and by using (Hi-com attendant software from KTS co.) the whole network of MSFL get joined.



Trade collection: The task related to trade collection is done in collection front office.

As name stated, here different collections are collected regarding accounting opening fees, demat charges. This is the department, where clients or customers can contact directly for any queries regarding trade collection.



Trade book issue: Simply, this department issues books, which are required for

trading; there is a time limit for any trade book so after expiry of time limit, clients have to collect trade book from this department.

11



Balance inquiry: Mr. Yogeshbhai and Mr. Chetanbhai handle this department.

Here clients can ask about the balance transactions like whether it has been completed or not. If any clients have credited the share or converted any number of shares into demat, they can ask whether credited or not / converted or not.



Mutual funds and IPO: Here, activities related to mutual fund takes place. If any

customer wants guidance about investment in mutual funds, this department will guide him and will also tell about procedure of investment in mutual funds. MSFL is a corporate agent of Birla Sun Life, ICICI, Frankline and of TATA Mutual Funds. IPO means Initial Public Offer. Information taken from computer on line by the staff of this department will enter into their own handled computer. MSFL is a member of collection center.

12

SECOND SECOND FLOOR FLOOR 

Insurance department: The essence of insurance lies in the elimination of the uncertain

risk of loss for the individual through the combination of a large number of similarly exposed individuals who contribute to common fund premium payments sufficient to make good the loss caused to any one individual. No one is safe from thefts. No building is safe from fire; no business is immune from risks. The disasters cause death or hardship for many more people and properties those are directly involved. In all kind of insurance, the fundamental legal principle is that one man agrees to take the risk of another man’s life and business, in consideration of certain small payments which are called premiums.

There are main two types of insurance, Life Insurance and NonLife Insurance or General Insurance. General Insurance includes fire, auto tariff, marine and non-tariff insurance, where as Life Insurance includes pension plan, health first, career builder, education, security and growth and many more. In general insurance government decides the policy and premium, which will, further followed by insurance taker. Procedure for both type of insurance is same, while taking insurance some personal data like date of birth, proof of income, mode of payment, etc. will be required. Mode of payment might be quarterly, semi annual and annual.

If any insurance taker fails to pay installment, grace period is given and notices might be send to him.

MSFL’s business is associated with TATA-AIG (American International Group Incorporation.), and right now MSFL is a senior business association and have more than 200 agents.

13

THIRD FLOOR 

Server room: All kinds of servers like BSE’s server and NSE’s server,

depository server, computer accounting server are kept here and the procedure regarding all servers is starting from here.



Accounts: Mr. Sureshbhai and Mr. Vithlanibhai handle this department. All

the works related to accounts are done here. All the monitory transactions’ entry is passing out and secured here. In other words all the finance related activities are undertaken here. All the decisions regarding allocation or transformation of funds are taken here. This department also sees the records of bank related transactions, bank balance and statements are also prepared.



H.R. Administrations: Activities related to H.R.Administrations are done here. It is

handled by Mr. Akshaybhai (Head of H.R.) with Mr. Kumarbhai and Mr. Rajeshbhai. Activities regarding employees’ work like, new policy planning for employee, wage and salary administration, project work, manpower planning is undertaken here. Head of H.R. tries to enforcing discipline on the basis of co-operative, understandings and a human application of rules and regulation.



Commodity back-office: Accounts regarding commodities, bills receivable and payable

are kept here. Other activities regarding commodities trading like if any clients has made deal of any commodities. Procedures related to payment, time limitation

14

and all other are done here. And this department will further guide clients for next procedure of commodities trading

FOURTH FLOOR 

Commodity Back-office: -

Here all the staff members who are having concerned with commodities marketing get to gather and they plan out for new strategy and for new project, final decisions are taken by them and some times, if needed, people / clients are also called for such meetings. This department is especially for commodities market members.



Trading: There are main two types of trading normal trading and F&O

(Future and Option market) trading so all the trading accountings are controlled over here. Such trading is divided into two parts i.e. NSE and BSE. Clients can deal here for trading contract, new accounting opening, pay-in and pay-out etc. For such trading all have to follow SEBI (Securities and Exchange Board of India) rules.



Settlement Department: This department deals between clients and exchange. Clients

can debit or credit their bills here. Other transactions regarding billing of NSE and BSE are done here.



Commodity trading: As in other trade, clients can trade in commodities with the code

by filling the form for commodities to open an account with MSFL by filling up the account opening form, and deposit. There is no element of risk of any company. Trading of any commodities like Gold, Silver, Kapas, Soya oil, Castor seed is done here. All the procedure regarding such trading is also done here.

15



F&O Back-office: This is also called derivative market. It has been started in India

in the year 2002. According to this market, trading can be possible in national and Mumbai stock exchanges. Future means any script or shares, which are listed in F&O such shares are purchased or sold at decided price in limited period. Future trade has still not got delivery base trading permission. Options are of two types: Call option and Put option. Call option means the right of any derivates listed security to purchase any derivates securities in limitation of time. Put option means a right to sell any derivates securities in decided time. NSE and BSE have derivates market and MSFL is the member of both markets.

16

FIFTH FLOOR 

D.P. Back-office: The work of DP- Back office is to check activities of front office,

this department sees whether DRF (Demat Request Form) for demat account opening has been filled-up correctly or not. If it is required to change detail of bank transaction, Procedure will be undertaken. This department as name suggested not comes directly into contact with customer. In brief a process, which has started from DP-Back office, will have been completed over here.



Compliance: This department stays directly in contact with higher authorities

(SEBI and other big companies). This department resurrects mistakes which are done while opening of demat account. If there will be mistake, this department will point out and it will be reported to SEBI.



Software: As MSFL is engaged in share related activities, it becomes

necessary to have different software for all different procedures like, trading and price listing, data entry and so on. Such procedures become easy by using soft wares. Such types of software are maintained and handled over here, as we know day-to-day technologies are changing so this department keeps the things into consideration. Therefore new soft wares can be developed and old can be modified over here.

17



Hardware: Computers join the whole network of MSFL and branches

only. All work related hardware is handled carefully over here. If any fault is found by any employee in their computer, immediately they will call this department and this department will solve the problems. So instead of waiting for outsider person for solution, here in MSFL problems related to hardware can be solved immediately.



Dispatch: Activities regarding bill and contract of IPO are done here

also. If any client demand for any statement (day to day, weekly, monthly), this department will provide them those statements. Here, if any client’s courier is received, this department will send it to the concern client. This department gets work from other department also like trading and so on.



Store: Stationary stocks are kept over here and other inventories

are also kept over here only.

18

MAIN SERVICES OFFERED BY MSFL 

Trading services: It is the service based on computer system. This service is

offered entirely on line in the computer. It is compulsory for clients to come at office and then they can have trading. First they have to login in computer. For example, if client wants to trade in NSE (National Stock Exchange), they will come at concerned office and on screen, price of shares can be seen and it get change on every time. Now client knows increase and decrease in the prices of shares. So, he will decide in which companies share he wants to trade, means purchasing and selling of shares. The numbers of companies are limited over here.



Net services: To get this service, customers or clients don’t need to come

at the share broking office but they can have it on their own computer screen. Such services are also provided by net. It can be used only for registered clients. Deposit is done here. First they have to enter their password and they can up date their information on their computer screen. To update data on regular bases one can use it, means it is useful for the person who has daily trade in stock exchange. And other benefit is that clients can have this information regarding trade at any time and anywhere they want.

19



Commodity derivatives: It is the recently started service by MSFL. MSFL is the

participant of NCDEX and MCX (one of the stock exchanges). MSFL has separate department for commodity derivatives. MSFL has also departments like, commodity back office, commodity trading. Here the contracts of the commodity like gold, silver, rice etc. are completed.



Demat services: DEMAT mean Dematerialization of shares. MSFL is the

participant of NSDL (National Securities and Depository Ltd.). And it is the agreement between clients and D.P. (Depository Participant). To open a demat account things which are required like photograph of concerned clients, current proof and residential address of clients. The changes are taken considering scheme charges. Scheme charges include life time for which client has to pay 4000 to 10000. To open demat account, opening kit will also be required like trade book etc. first, client have to fill up DRF (Demat Request Form)

20



Cash segment: In NSE, BSE and other state level stock exchanges

(Saurashtra stock exchange and Ahmedabad stock exchange) on the daily delivery based purchasing and selling listed shares or square up have been done and it is called CASH MARKET. In this market, the load of market will be in the single number. Rolling settlement, daily settlement and purchasing and selling of bonds and debentures could also take place over here.



Mutual funds: A Mutual Fund is a pool of money collected from investors

and is invested according to stated investment objectives. Mutual Funds investors are like share holders and they own the fund. Mutual Funds investors are not lenders or deposit holders in a Mutual Funds. Every body else associated with Mutual Funds is a service provider like MSFL, who earns a fee. Mutual funds invest in marketable securities according to the investment objective. SEBI (Securities and Exchange Board of India) got regulatory powers in 1992. Mutual Funds themselves pay no tax on the incomes they earn. They are fully exempted from tax. Agents can sell products of multiple mutual funds.

MSFL is a corporate of Mutual Funds provider companies like, Birla Sun Life, ICICI, Frankline and TATA. They have separate department regarding Mutual Funds at first floor of MSFL building. It provides services regarding Mutual Funds investment. This department is also giving information regarding guidelines and procedures of investing money in Mutual Funds.

21

FUTURE SERVICES



Private banking sector.



Forex market.



Commodities demat service.



Product enhancement in commodity

market.

22

INTRODUCTION TO FINANCE

The finance function covers both acquisitions of funds as well as their allocation. Thus, apart from the issues involved in...