M/s. SINGH MUNDADA &ASSO. CAPraveenkumar Mundada Chartered Accountant FCA, B'COM "B Wing, 1st Floor, Bhorat Bazar, APICompound, MIDC Chikalthana, Aurangabad -431006. Phone: 9422178630 (m) 9371710011. Email: psmundada@gmail.com, Web :smaca.in FORM 5 (See Regulation 4) ANNUAL REPORT ON STATEMENT OF ACCOUNTS To Date : 09.10.2023 BHAISHREE VENTURES LLP, Plot No.29/45, Bhaishree Chambers Fist Flor, Kamgar Chowk, N ? Cidco, Aurangabad-431005. Sub: Report on Statements of Accounts on project fund utilization and withdrawal by (BHAISHREE VENTURES LLP) for the period from 01.04.2022 to 31.03.2023 with respect to Maha RERA Regn. Niumher P51500025486. This Certificate is issued inaccordance 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 Reai Estate Agents, Rates of interest and Disciosureson Website) Ruies, 2017. I/We have obtained all necessary information and explanation from Company, during the course of our audit, which in my/our opinion are necessary for the purpose of this certificate. Subject to our remarks / Obeservation attached separateiy. I/We hereby confim that I/We have examined the prescribed registers, books and documents, and the relevant records of BHAISHREE VENTURES LLP for the period ended 31.03.2023 and hereby certify that: A DEPOS!TS Total for this Project Sr No. Particular For this Fiscal Year till date. Totai amount coiiected from aiiottees 12434000 24113915 01. % of amount to be deposited as per Act 70.00| 70.00| 02. 03. |Amount to be deposited as per Act (1*2) 8703800| 16879741 04. Tota! amount denosited in the Designated Bank! 16533800! 30969637 Account (See Note) 05. |% of Amount deposited in the Designated Bank 132.97 128.43 |Account [(4) / (1) *100] 06. Shortfal!/(Excess) Deposit (3-4) -7830000! -14089896! Has the required proportion of the money collected from allottees of the project units, as specified in the Act, deposited in the Designated RERA Bank Account? YES, but Prmoter has also deposited own funds in Designated Bank Account. MUNPAD TANTS O. 107565 urannn B. WITHDRAWALS Sr No. Particular Total for this 01. |Opening balance of Designated Bank Account For this Fiscal Year 740864 till date. Projer 02. Total Deposits 16533800| 03. Total Amount Withdrawn 17121325 30969631 04. |Closing Balance 153338 30857336 112301| As specified in the Act, all the amounts withdrawn during the year from RERA Bank Account were within the withdrawal limit as certified under the relevant Form 1, Form 2, and Form 3 issued during the period? YES, amount withdrawan within the reporting withdrawal limit. If no please provide the below details. Sr No. Date of withdrawal |Amount of Excess Withdrawals 01. N.A NIL C. UTILISATION |/We certify that, the M/s BHAISHREE VENTURES LLP has utilised the amounts Designated Bank Account towards Project Cost only, as specified in the Act. withdrawn from the If no please provide the Sr No. below details. Date of withdrawal |Amount not utilised for Project Cost 01. N.A NIL D. ANY QUALIFICATIONS /OBSERVATIONS OF CA Sr No. Particular 01. Refer to our remarks / Obeservation attached separately. |/We Certifythat the BHAISHREE VENTURES LLP has utilized the Project and the withdrawal from designated bank Account of the amounts collected for Project only for the said project has been in accordance with the proportion to the percentage of completion of the project. For M/s. SINGH MUNDADA & ASSO. Chartered Accountants AUNDADAN CA, Praveenkumar Mundada CAC OHUANRTTAENRETDS M. NO. 107665 Place : Aurangabad (Partner) M. No. 107665 FRN : 122059W Kangabao Date : 09.10.2023 UDIN: 23107665BGWVBQ2808 STATEMENT OF NOTES TO FORM 5 RERA Regn No. We have Certity the Form 5 Under RERA, of M/s BHAISHREE VENTURES LLP having Plot No. 2/65 and 2/70 P51500025486 of ongoing Project GEETABAN RESIDENCY PHASE 2 located at Sawangi, Gangapur, Aurangabad - 423702. We report the policies / discrepancies / observations / comments as follows: that RERA and Promotor has provided information 01. Ihe Firm have opted Registration under custormer in that and collected amount from Designated Bank Accounts opened for the Proiject customers and purpose accordingly. Collection from account t withdrawing for Construction as per data provided by Promoter. details of withdrawal are taken out of that account fully utilised for construction expenses, as per Information 02. Amount withdrawn from bank A/c of is &books provided to us. bank Bank Account but they are also deposited amount in 70% 03. Promotor has opened Designated Escrow account, due same whereas there is need to deposit only through account andwithdrawing withdrawals from the designated accounts. to this it shows eXcess account. 30th September, 2023 is from unaudited books of to 04. Figures taken for 01st April, 2023 limit specified under withdrawn amount from Designated Bank Accounts within the 05. Promotor has 1,2 and 3 for the respective year. the RERA Act., and Certificate in Form ASSO. For M/s. SINGH MUNDADA & Chartered Accountants MUNDAO CA. Praveenkumar Mundada (Partner) AC OCUHNATRATNETRSED M. NO. 107665 M. No. 107665 FRN : 122059W Place : Aurangabad UDIN : 23107665BGWVBQ2808 Date : 09.10.2023