Company Overview

India Home Loan Ltd. (IHLL) is a housing finance company incorporated under the Companies Act, 1956 and registered with National Housing Bank (NHB) for carrying out the business of housing finance.

1.1 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

There is no dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management.

1.2 Loans granted by the Company are secured by

(a) Equitable / Registered mortgage of property and / or

(b) Assignments of life insurance policies and / or

(c) Hypothication of assets and / or

(d) Personal guarantees and / or

(e) Undertaking to create a security

1.3 The Company has complied with the norms prescibed under Housing Finance Companies (NHB) Directions, 2010 for recognising Non-Performing Assets (NPAs) in preparation of accounts. As per the prudential norms prescribed by the National Housing Bank, in respect of credit exposures, the total provisioning made for NPA and standard assets till 31st March, 2018 is Rs.1,28,43,058/-(Previous Year ‘ 58,30,000/-). Details of which is as follows:

1.4 Value of imports calculated on CIF basis Nil

1.5 Expenditure in foreign currency Nil

1.6 Earnings in foreign exchange Nil

1.7 The balances appearing under unsecured loans, sundry creditors, loans and advances, and certain banks are subject to confirmation and reconciliation and consequential adjustment, if any, will be accounted for in the year of confirmation and/or reconciliation.

1.08 The Company has appropriated a sum of Rs.94,32,173 /- (Previous Year Rs.24,97,935) to reserve fund which is in compliance with the requirement of section 29C of the National Housing Bank Act, 1987.

1.09 The Company leases office under cancellable operating lease agreements that are renewable on a periodic basis at the option of both the lessor and the lessee. Rental payments under such leases are Rs.22,52,426/-(Previous Year Rs.15,84,804/-) during the year.

1.10 Anciliary cost of INR 186.87 Lakhs incurred on borrowings is amortised over tenure of Loans. Year to date amortisation is INR 21.56 Lakhs.

1.11 There are no loans granted against collateral gold and jewellery

1.12 The board of Directors has recommended final dividend to be paid out of current year profits @ Rs 0.20 per equity share (FV of Rs 10/ each ) to the equity shareholders resulting in outflow of INR 34,37,837 (including dividend distribution tax ) .The dividend proposed by the board of Directors is subject to the approval of the shareholders in the ensuing Annnual General Meeting

NOTE 1.13 The following additional disclosures have been given in terms of the circular no. NHB/ND/DRS/Pol-No.35/2010-11 dated October 11,2010 issued by National Housing Bank:

NOTE 2- SEGMENT

The main business of the Company is to provide loans for purchase or construction of residential houses, all other activities of the Company revolve around the main business and accordingly there are no separate reportable segments, as per the Accounting Standard on ‘Segment Reporting’ (AS 17) issued by the Institute of Chartered Accountants of India / notified under the Companies act 2013.

NOTE 3

Previous year’s figures have been regrouped / reclassified wherever necessary to correspond with the current year’s classification / disclosures.