* Not Annualised / Not Weighted
- The main business of the Company is to provide loans for the purchase, construction, repairs and renovation of homes / flats / real estate to Individuals,Corporate bodies and Builders and all other activities of the Company are allied to the main business and as such there are no separate segments as per the Accounting Standard on Segment Reporting (AS 17), issued by the Institute of Chartered Accountants of India.
- The results for the quarter ended 31st Dec, 2006 have been subjected to
a "Limited Review" by the Statutory Auditors of the Company in
compliance with the requirement of listing agreement with Stock
- Income from Operations for the quarter includes Rs.100.88 lacs (Rs.104.17 lacs) being income from securitisation , Rs. 0.02 lacs (Rs. 1.35 lacs) being interest on household goods loan, Rs. 757.25 lacs (Rs. 564.94 lacs) being interest on loans against real estate rental finance and Rs. 78.72 lacs (Rs. 62.66 lacs) being other interest.
- Other Operational Income for the quarter includes Penal charges Rs.42.18 lacs (Rs.37.02 lacs), Prepayment charges Rs. 66.11 lacs (Rs.30.80 lacs), Rent income Rs.38.09 lacs (Rs. Nil), and Commission Rs.10.37 lacs (Rs. Nil) .
- Provision for tax includes provision for deferred tax and frienge benefit tax for the Quarter ended 31st Dec, 2006 in accordance with the requirements of Accounting Standard on Taxes on Income(AS22).
- Loans disbursed during the nine months period amounted to Rs. 106584 lacs as compared to Rs.85841 lacs during corresponding previous nine months period showing an increase of 24 % .
- Figures for the corresponding quarter have been regrouped wherever
necessary to make them comparable with the Current Quarter.
- There were no unresolved Investor complaints as on 1.10.2006. During
the quarter, the Company received Twenty Nine complaints, which all
were resolved during the quarter.
- The above results have been reviewed and recommended by the Audit Committee of the Board of Directors and subsequently were taken on record and approved by the Board of Directors at their meeting held on 25th January, 2007.
For DEWAN HOUSING FINANCE CORPORATION LTD.
(VICE CHAIRMAN & MANAGING DIRECTOR)
Date: 25th January, 2007