Trero Towing Finance Limited Registered offic: 9, Community Cente, Basant Lok, Vasant Vihar, New Dethi- 110057 Fax 011-49487197-98, Tel, No: 011-49487130, Website: vow herohousingfinance com (CIN: 6519201201 6PLC301481 Balance Sheet as a 30 September 2019 smount in Rupees lakhs unless otherwise stated) ‘Asa rat Parteners: ‘W September2019 31 March 2019 (Unaudited) (ausited) oy Financial assets ‘Cash and cash equivalents 2.05082 2.00 Loans 12521227 5551.41 Investments 10,802.44 1091056, (Othe financial assets 70837 1864 Nom financial assets ‘Current ax asses (ot) 2495 404 Deefered tax ast (nc) 2131 2151 Property, plant and equipment 1,03738 31675 Other intangible asses 30730, 508.46 Tangible asets under development 3877 1539 (Other nos-inacia asses 196.75 16793 Total assets ins e689 bites an equity bites Financial tabiites ‘Trade Payables (0) tota outstanding dues of miro enterprises and sal enterprises : : (i) toa oustanding dues of creditors other than micro enterprises and 3373? 2404s, somal enterprises Debt securities BLS 7,169.38 Borrowing (other than debt securities) 84,656.03 mamas Subordinated bites 2,469.56 2467.91, Other financial liabilities 19,874.42 1158.32 19459 9651 Other non-financial Haiies 358.00 20157 ‘Total inbilties a ae eawity Equity shar capital 25,000.00 25,000.00 Other equity 500.56) 2,468.67 ‘Total equity 2199.44 D553 ‘Total abilities and ea ae 7Tero vaiag Finace Li 7 Registre offic:-9, Community Cente, Basant Lok, Vasant Vihar, New Delhi - 110057 Fax 011-49487197-98, Tel. No: 011-49487150, Website: wow herohousingfinanee com CIN: U65192D120165PLC30La81 Financial Results forthe half year ended 30 September 2019 ‘All amount in Rupees lakhs unless otherwise stated) oun in Rupes Particulars Half year ended Year ended 30 September 2019 30 September 2018 31 March 2019 (Wnaudited) wuaited)it (Audited) Tacome 1 Revenue from operations Interest income 450537 19237 1,793.16 Profit on sale of iavesiment 17373 4s 320.72 "Net gins on fir value changes 312i 94.95 1056 Odher charges i291 0.3 239 ‘Total revenue from operations Es2320 FO39, meas 1 Other income ‘0st : . IML Tota income (1+) SED. FOB. a6 IV Expenses Finenoe costs 2,721.08 “ soto Impairment allowance on loans 163.13, 26.16 12324 Employee benefits expenses 2.48607 1aMor 291632 Depreciation and amortization 144.15 1956 8282 Other expenses 130878 27449 1,259.10 Total expenses 90 Tasae 388.69 V- Loss before tax (HI -V) (1266.03) (68433) 2261.86) VI Tax expense Deferred tx charge (net) “Total tax expense ‘VIL Net oss after tax from operations (V - VI) (1,266.03) (684.33) 2261.86) ‘VILE Other comprehensive loss ‘tems that will ot be reclassified to profit or los= ‘Remeasuremeat of losses on defined benefit plans 68H - (099) Income tax benefit on shove - : TX Other comprehensive ineomei(Ios) for the period, nef oftax SRR) < (0.38 X_Total comprehensive income/(tss) forthe period, net of tax Gann, (G3) Gie8s XI_Earnings per equity share (a) Basie (in Rupees) cosy) 034) con (0) Diluted Gn Rupecs)* ost) 034) (on Foe annualised Tor the half year ended Figures for comesponding half year ended 30 September 2018 were neither subjected to review nor audit eaeHero Housing Finance Limited Registered office 9, Community Centre, Basant Lok, Vasant Vibat, New Deli - 110087 Fax 011 -49487197-08, Tel, No: 011-49487130, Webs: www herohousingfinance com CIN: U6S192D1.2016PLC301481 Notes: 1) The Company isa Housing Fince Company reistred with National Housing hank (the NEY, 2) The financial rests for the haf year ended 30 September 2019 have been reviewed by the Audi Commitee and approved by the Board of Directors at its meeting held on 19 October 2019. 3) The financial resutls have been prepared in avordance with resogniton and measurement principles laid down in accordance with the Indian Accounting Standard 34 "Interim Financial Reporting” (Il AS 34°) as prescribed under Section 133 ofthe Companies Ac, 2013 Che Act) read ‘with Rule 3 ofthe Companies (Indian Accounting Standards) Rules, 2015 and relevant les ised thereunder and other recognized accounting practices and policies 4) In compliance with Regulation 52 of the Securities Fxchange Board of lndia (SEBN) (Listing Obligations end Disslosure Requirements) Regulations, 2015, review of financial results for the half year ened 30 September 2019 has heen erred out by the Stawory Auditors ‘he debentures ofthe Company were lst on National Stock Fxchange (NSE) with effet from 8 January 2019. Accordingly, dhe Financial resus forthe halt yearend 30 September 2018 were not subjected to review or sui hy the statutory auditor of the Company. However, the manapeent has exercised necessary due diligence to ensue that such unaudited fngncial results provide ts and fi view of is afl, 5) Information as required by Regulation $2(4) of the Securities and Exchange Board of laa (Listing Obligations and Disclosure Requirements) Regulation, 2015 fa per ‘Annexure I attached © ‘The Company is engaged primarily inthe business of financing, and accordingly, there are no separate reportable segments a per Ind AS 108 eating with Operating Segment 7)Blfective 1 April 2019, the Company has adopted Ind AS 116 ~ Leases and, applied it co al Tease comtacts existing on | April 2019 using the ‘modifi retrospective method, Based on the same and as permitted under the specific transitional provisions inthe standard, the Company, is not equited to restate he comparative figures, ‘On transition, th adoption ofthe new standard resulted in recognition of tight-ofuke asset of Re, 210.20 lakhs and ease liability of Rs, 204,58 Jaks. The eflest of this adoption i nt material the loss forthe period and earings per share, 8) The CEO of the Company isnot available duc to Regulatory Acton with regards to his previous employment, Considering the onganisational snd ‘management structure ofthe Company, itis ofthe opinion tha the busines wil continue asus For and on behalf of the Boar of Ditestors of Vero Housing Finance Limited Managing Director (DIN; 02822641) Place: New Delhi Date: 19 October 2019‘Hero Housing Finance Limited ‘Annexure 1 ‘Additional information (Allmount in Rupees lis unless oherwiae stated) 4) Credit Rating The CRISIL Limited (CRISIL) and ICRA Limited ICRA) have assigned following ratings tothe Company [acticy ‘CRIS ICRA. Scoured non converte Sobennres BAsSabie | AAYSibie insecure sub-ordinated Tier-1lnon=comverile debentares ‘AAWSubie | AAWSIable Bank facies AAHIStable | AAWSiable [Comercial papers ALE Ale "ICRA has given short Tan rating AT? for bank Tati 1) Asset cover available, in ease of non-convertible debentures 1.00 ie ©) Debt-equity ratio aeat iat 30 September 2019 | _31 March 2019 [Debaquigy a 464 La (Gorrowings [excluding interest acorved but ot due] / shareholders func) partic 1) Following isthe information regarding interes and principal repayment of non-convertible debentures: 5 Previous due date of interest and principal sin Credit rating Principal TnierestPremiur Date Raount Date ‘Amount — [Payment satus TNEROORORT AACS ‘Wot ye dae*™ [Wor yer dne™ [Nat yer dust —| Nor yt due | Not yet due™ INESOOXO7O AA/Stable ‘Not yet due*™ | Notyetdne*™ [Nor yet due® | Not yt dues | Not yet due ‘Next due date of interest and principal at Sree rating Principal InieresPremian Date ‘Amount Date ‘Amount TRESOOXOBOE AATSiabie | 2H December 2008 2.50000 [28 Deanber2019| 237.50 INENOOXO70 14 AAT Suble 10 May 2032 2.20000 [10 May 2022 702.26 ‘Not ye de - Principal repayment or interest payment was at de in previos prio, ©) Debt service coverage ratio” Wait year ended | Walt year ended 30 September 2019 | 30 September 2018 [Debi sevice coverage alo O24) *(Los before tax + finance cost + principal collection om caatomersyiTinane costs * debt repayments) Principal collection ftom customers and debt repeymens scheduled in nest ivelve months from the balance shee date learticulars 1 Interest service coverage rato Half year ended | Half year ended [Particulars 30 September 2019 | 30 September 2018 are sevice cover kao az ‘Loss before tax + Finance cows)/finanee casts 1) Outstanding redemption reservel Debenture redemption reserve [Not applicable 1) Outstanding redeemable preference shares Not applicable 1) Capical redemption reserverDebenture redemption reserve DDebentre redemption reserve snot required in respec of pivte placed debenture in terms of Rules 18(7X0Xi of Companies (Share Capital and Delbenture) Rules, 2014 i) Net worth ' at aa ~——[Partcntars | soseptember2019-| a1 viaren 2019] (Netwonh 21,399 4 22,5353 er