NARENDRA NAVANDAR & CO. Chartered Accountants Office No 201, Golden City Centre, Besides Prozone Mall, Chikalthana IA, Aurangabad - 431003 FORM 5[see Regulation 4] ANNUAL REPORT ON STATEMENT OF ACCOUNTS To Vikas Developers CTS No 20310/4, Shri Dnyanesh Arcade, Samarthnagar, Aurangabad SUBJECT: Report on Statement of Accounts on project fund utilization and withdrawal by Vikas Developers for the period from 1-April- 2020 to 31-March-2021 with respect to Maha RERA Regn. Number P51500022303 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) Rules, 2017. 2. I/We have obtained all necessary information and explanation from the Company, during the course of our audit, which in my/our opinion are necessary for the purpose of this certificate. 3. I/We hereby confirm that I/We have examined the prescribed registers, books and documents, and the relevant records of Vikas Developers for the period ended 31-March-2021 and hereby certify that: i. Vikas Developers have completed --% of the project titled “SAI APOORWAI” Maha RERA Regn.No. P51500022303 located at Plot No 200 CTS NO 15736/72 at Ulkanagari, Garkheda, Aurangabad ii. Amount collected during the year i.e. from 1st April-2020 to 31st March-2021 for this project is Rs.7,27,967.00 and amounts collected till date i.e. 31-3-2021 is Rs. 1,76,35,892.00 iii. Amount withdrawn during the year i.e. from 1st April-2020 to 31st March-2021 for this project is Rs. 7,27,967.00 and amount withdrawn till date i.e. 31-3-2021 is Rs. 1,76,35,892.00 4. I/We certify that the Vikas Developers has utilized the amounts collected for SAI APOORWAI project only for that project and the withdrawal from the designated bank account(s) of the said project has been in accordance with the proportion to the percentage of completion of the project. (If not, please specify the amount withdrawn in excess of eligible amount or any other exceptions 26) For, Narendra Navandar & Co. Chartered Accountants CA Narendra Navandar Proprietor, M.No. 153818 Date : 06/09/2021 Place : Aurangabad UDIN : 21153818AAAAKH5698 NARENDRA NAVANDAR & CO. Chartered Accountants Office No 201, Golden City Centre, Besides Prozone Mall, Chikalthana IA, Aurangabad - 431003 NOTES 1. Architect Certificate has been considered as Basis for percentage completion of said Project 2. Details regarding Receipts & withdrawal of funds has been taken on the basis of information and explanation provided by the management. 3. For considering Receipts collected we are considering net receipts after any booking cancelation (Total amount received Rs. 40,79,456.00 and amount paid due to cancelation/ other reversal Rs. 33,51,489.00) and excluding Taxes & Other Expenses which are collected by promoters form customers. 4. Out of the amount collected during the period 1 st April 2020 to 31st March 2021 amount Rs.8,91,337/- has not been deposited in designated account, also some amount has been deposited in designated account other than Booking collected by Promoter/ Customers towards GST and Other Expenses. The explanation given by promoter that the payment made by directly customer in different account. We have audited the books of accounts and we certify that the amount collected from customer has been utilized for execution of the project. a) The firm has deposited the said amount in to following accounts Sr. Account No. Name of Bank Amount Type of Account No. 1 0160112200001 The Jalgaon Peoples 4,95,297.00 Current A/c Co-Opp Bank LTD 2 12019000001496 The Sundarlal Sauji 3,96,040.00 Current A/c Co-Opp Bank Ltd Total 8,91,337.00 4. We have verified the books of accounts of the project and certify that the firm has completed the project and overall amount received from customer is first utilized for completion of the project.