\                                    © . ~ Sank,fta{a e l Co.
                                                CH AR TE RE D AC CO UN TA NT S

                                                                     FORMS
                                            ANNUAL REPORT ON STATEMENT OF ACCOUNTS

             To

             VASUKAMAL FIVE ELEMENTS
             Vasukamal, 71 Navi Peth,
             Opp. Old Bus Stand ,
             Jalgaon-425001


             SUBJECT: Report on Statement of Accounts on project fund
                                                                      utiliza          tion and withdrawal by VAS UK.AMAL FIVE
             ELEMENTS for the period from 01.04.2020 to 31.03.
                                                                           2021 with respect to MahaRERA Regn. Number -
             P49900022241.


                  1.     This certificate is issued in accordance with the provis
                                                                                      ions of the Real Estate (Regulation and
                         Development) Act,    2016 read along with the Maharashtra Real Estate
                                                                                                                (Regulation and
                         Development)(Registration of Real Estate Projects, Regist
                                                                                   ration of Real Estate Agents, Rates of Interest
                         and Disclosures on Website) Rules, 2017.


                  2.     I have obtained all necessary information and explanation
                                                                                       from the Company, during the course of our
                         audit, which in my opinion are necessary for the purpose
                                                                                    of this certificate.


                  3.     I hereby confirm that I have examined the prescribed registe
                                                                                     rs, books and documents, and the relevant
                         records ofVASUK.AMAL FIVE ELEMENTS for the period
                                                                                    ended 31.3.2021 and hereby certify that:
                         A. Deposits -

                                                                           For this Fisca l year           Total for this project till
                                                                              (FY 2020- 21)                 Date (till 31.03.2021)
                       Total amount collected from Allottees                   113 I74593 .13                    134779821.81
             2         % of amount to be deposited as per act                          70%                            70%
             3         Amount to be deposited as per act (1 *2)                 79222215.19                      94345875.27
             4         Total amount deposited in the Designated Bank           113174593.13                      134779821.81
                       Account
             5         % of Amount deposited in Designated Bank                       100%
                       Account [(4)/(1)*100]
             6         Shortfall/Excess deposit (3-4)                                 N.A.




    Office: Flat No. 1, A-Wing, 2nd Floor, New 8. J. Market, Jalgaon
                                                                     1i (0257) 2217135 l8l dksdharam@yahoo.co.in
          Has the required proportion of money collected from allottees of the project units, as specified in the act,
          deposited in the Designated RERA Bank Account? (Yes/ No)- YES


                     B. Withdrawals -

                                                                       For this Fiscal year       Total for this project till
                                                                           (FY 2020-21)              Date (till 31.03.2021)
          l            Opening Balance       of Designated Bank                 0.00                         0.00
                        Account
          2            Total Deposits                                      113174593.13                 134779821.81
          3            Total amount withdrawn/ utilized                    l 13174593.13                134779821.81
          4             Closing Balance                                         0.00                         0.00


          As specified in the Act, All the amounts withdrawn during the year from RERA Bank Account were within the
          withdrawal limit as certified under the relevant Form I, Form 2 and Form 3 issued during the reporting
          period? (Yes / No) - Yes


                     C. Utilisation
          I/We certify that, the Vasukamal Five Elements bas utilized the amounts withdrawn from designated bank
          account towards project cost only as specified in the act.


                     D. Any Qualifications / Observations of CA
                J.   As per website, designated account is - JPCB - CA - 00IO1122000178 whereas as per management
                     declaration as well as books of accounts, the actual designated account is JPCB - CA - 00IO1122000177.
                     The expense incurred on the project is more than the collection from customers. The promoters are
                     advised to strictly adhere to the designated account provisions of MAHARERA .
                                                                                                .K.Sankhala and Company




              Place: Jalgaon


              Date: 30/01/2023

              UDIN: 23110868BGVCFE6636


          Agreed and Accepted by - Mr. Kush Narendra Kabra
                            lementi?artner-Vnsukamal Five Elements)
    vasukamal                           ~
                        Pr.Q.111oter:
                     uth.~1gnatory
                     /0I/202J
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