1 CORPORATE INFORMATION
Dewan Housing Finance Corporation Limited (''DHFL''), ''the Company'' was
incorporated in India on 11th April, 1984 and is carrying on the
business of providing loans to retail customers for construction or
purchase of residential property and loans against property. The
Company is registered with National Housing Bank under Section 29A of
the National Housing Bank Act, 1987. DHFL has its registered office in
Mumbai and has 122 branches, 72 service centres, 24 camp locations, 8
regional processing units and 4 central processing units in India and 2
representative offices in UAE and UK.
The Company has 3 subsidiaries viz. DHFL Holdings Private Limited,
First Blue Home Finance Limited and First Blue Financial Consultants
(Rs. in lacs)
2 Contingent Liability
Guarantees provided by the Company 22,473 7
Claims against the Company not
acknowledged as debts 54 28
2.1 The Company has given corporate guarantee in favour of
intitutional subscriber of secured, redeemable, non convertible
debentures issued by its subsidiary First Blue Home Finance Limited fo
Rs. 25,000 lacs and interest thereon.
3 Estimated amount of contracts remaining to be executed on capital
account and not provided for (net of advances) is Rs. 160 lacs (Rs. 5,768
4 Capital Work in Progress includes Rs. 17,618 lacs (Rs. 16,000 lacs) paid
as advance consideration for acquiring office premises under
construction, and Rs. 450 lacs paid in lieu of part consideration towards
sale of leasehold land in earlier years.
5 The Company has paid dividend of Rs. 8 lacs (Rs. 659 lacs) and Rs. 1 lac
(Rs. 112 lacs) as tax on distribution of dividend to new shareholders on
account of final dividend for the year 2010-11 as required under the
Listing Agreement as those shares were allotted prior to record date
for the dividend payment and after the date of earlier year balance
6 The managerial remuneration including perquisites, Rs. 168 lacs (Rs. 157
lacs) paid to Chairman and Manging Director and Rs. 30 lacs (Rs. 30 lacs)
as comission to other directors.
7 As per Accounting Standard (AS-18) on Related Party Disclosures
details of transactions with related parties as defined therein are
A) List of related parties with whom transactions have taken place
during the year and relationship:
(i) Subsidiary Companies
a. DHFL Holdings Pvt. Ltd.
b. First Blue Home Finance Ltd.
(formerly known as Deutsche Postbank Home Finance Ltd.)
c. First Blue Financial Consultants Ltd.
(formerly known as DPB Financial Consultants Ltd.)
(ii) Associate Companies
a. DHFL Vysya Housing Finance Ltd.
b. DHFL Property Services Ltd.
c. Aadhar Housing Finance Pvt. Ltd.
d. DHFL Insurance Services Ltd.
e. Arthveda Fund Management Pvt.Ltd.
f. Dish Hospitality Pvt. Ltd.
g. Wadhawan Holdings Pvt. Ltd. h. Wadhawan Retail Pvt. Ltd.
2) KEY MANAGEMENT PERSONNEL
a. Shri Kapil Wadhawan Chairman & Managing Director
b. Shri Anil Sachidanand Chief Executive Officer
c. Shri Rajeev Sathe Chief Operating Officer
d. Shri Anoop Pabby Head Corp Strategy Group
8 Figures for the previous year have been regrouped, rearranged and
reclassified wherever necessary. Accordingly, amounts and other
disclosure for the previous year are included as an integral part of
the current year''s financial statement and are to be read in relation
to the amounts and other disclosures relating to the current year.
9 Figures in brackets represent previous year''s figures.