RAHULK DAYAMA & ASSOCIATES (CHARTERED ACCOUNTANTS) Annexure F FORM 5 (See Regulation 4) ANNUAL REPORT ON STATEMENT OF ACCOUNTS CHARTERED ACCOUNTANT'S CERTIFICATE Date: 15.09.2023 To, M/s. Mangalam Infra (Partnership Firm) Project :Mangalam Park, Pachora S No, 107/2/B Pachora, Tal: Pachora, Dist: Jalgaon SUBJECT: Report on Statement of Accounts on project fund deposit. utilization and withdraw at by M/s. Mangalam Park [The Promoter] for the period from 01.04.2021 to 31.03.2022 (ie. FY. 2021-22 with respect to MahaRERA Regn Number. P49900025679 1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation and Development) Act, 2016 read along with the Maharashtra Real Estate (Regulation and development) (Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rule, 2017. 2. We have obtained all the necessary information and explanation from the Promoter, (subject to the Observation mentioned ) during the course of our audit, which in our opinion are necessary for the purpose ofQualfification/ this certificate. 3. We hereby confirm that We have examined the prescribed registers, books and documents, and the relevant records of M/s. Mangalam Park, Pachora for the period ended 31.03.2022 and hereby certify that: A. Deposits: For this Fiscal year (FY. 2021-22) Total for this project till 31.03.2022 1 Total amount collected from allottees 47730530 60204753 2. % of amount to be deposited as per act 70% 70% 3. Amount to be deposited as per act (1* 2) 33411371 42143327 4 Total amount deposited in the Designated Bank Account 38023818 48605601 5 % of Amount deposited in 79.66 80.73 Designated Ban k Account (4)/(1)* 100] 6 Shortfal/Excess deposit (3-4) 4612447 OFF: Plot No 48 Office No 102 ,Sector 19C Vashi, Navi Mumbai400 70$ -64622 74 &As FRN. 144701W o Mo. No. 7977309594 Email: rahulkdayama@gmail.com Chart YedAcou D. Any Q We Amount collected/deposited at Sr. No. 1 &2, shall not include pass through charges and indirect taxes. verify Isuti Has the required proportion of money collected from allotees of the project units, as specified in the act, deposited in the Designated RERA Bank Account? (Yes / No) Yes If No. Please mention the amount not deposited. Note:1 Promotor has deposited 70 %in designated account in addition to this they also deposited their own fund/ capital/unsecured laon obtained from relatives etc. with this account, further fund from this account is used solley for the project underatken by the firm. Subsisdy received from the government for the project is also considered booking receipt because it is directly linked tor the project only. B. Withdrawals For this Fiscal year (FY. 2021-22) Total for this project till 31.03.2022 1 Opening balance of Designated 564598 0 Bank ACcount 2. Total Deposits 38023818 48605601 3. Total Amount withdrawn 38340435 48357621 4. Closing Balance 247980 247980 As specified in the Act, All the amounts withdrawn during the year from RERA Bank Account were within the withdrawal limit as certifiecl under the relevant Form 1, Form 2 and Form 3 issued during the reporting period? ( Yes / No) Yes Note :I1 Promotor has deposited 70 % in designated account in addition to this they also deposited their own fund/ capital/unsecured laon obtained from relatives etc. with this account,further fund from this account is used solley for the project underatken by the firm. Hence it is relflected that out of the booking amount just Rs. 3,34,11,371 - (ie. Minimum 70 % required to transfer in designated bank account, but amount received in the said Rs. 3,80,23,818/- (ie. This Excess input amount received cosnists of own fund or borrowed fund etc. ) If No, Please provide the below details: Date of Withdrawal Amount of Excess Withdrawals S.No. 1 C. Utilisation designated bank account We certify that, the M/s. Mangalam Park has utilized the amounts withdrawn from towards project cost only as specified in the act. Note: III is not allowed as per the law Rs. 2,16,041 /- is withdrawl from this designated accounts for the adminstration activity which etc, which is over and above to such but it is seen that exceess amount is already deposited in dsignated account from own fund adminstration exps. If No, Please provide the below details: Amount not utilised for Project Cost |S.No. Date 1, 144701W) FRN. C h a r t e r e dA c c o u D. Any Qualifications/Observations of CA We have prepared this certificates based on the data and relevant information provided by the assesee, we are unable verify whole the books of accounts, vouchers etc. (due to inherent limits of audits) hence we cant assured that whole the fund is utilised from the designated bank account is used solley for the purpose of construction activities only. Further we are unable to record any opinion except aforesaid financial data (whether all the provisons of Maharera Act were followed or not, because ceratian detailed access of information is not available during the audit) Dayama &Ass Yours Faithfully,) i01W) Prop: CA Rahul Kishor Oriered Accoust3 Rahul KDayama & Chartered Accountant M No. 178110 UDIN: 23178110BGYZFQ2670 Agreed andAcepted by: Signatue of fromoter: RiteshSureshchand Lalwani Authórised Partner M/s. Mangalam Park Date: 15.09.2023