Vipul V.Bhandari B com′ ACA CHARTERED ACCOUNTANTS Office : 402, Space Anthem, Old Agra Road, Opp. State Bank of lndia, Near Samrat Hotel, Old C.B.S. , Nasik-422001 Ph. (0253) 2570173,66371.44, M.: 9823049067, E-mail :bhandari_vipul@yahoo.com Resi.: Kashyapi-C, Row House No.3, Saubhagya Nagar, Gangapur Road, Nashik- 13, Ph.(0253)2319743 FORPI1 5 1See Regulation 41 Annual Report on Statement of Accounts CHARTERED ACCOUNTANT'S CERTIFICATE Datc:02.02.2023 To, The Partners, Shilpa Estate, 2/ Shilpa Estates, Sumangal Builders House, Sadhu Waswani Road, Opp Holaram Colony, Near MICO Circle, Nashik - 422002. Subject: Report on Statement of Accounts on Project fund deposit, utilization and withdrawal by SIIILPA ESTATE for the project "EMPIRE MARVEL" for the period from 01.04.2021to 31.03.2022 with respect to MahaRERA Regn. Number P5 r 600004867. L This certificate is issued in accordance with the provisions of the Real Estate (Regulation and Development) Act,20l6 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, 201 7. 2. We have obtained all necessary information and explanation from the Promoter, during the course of our audit, which in our opinion are necessary for the purpose of this certificate. 3. We hereby confirm that, we have examined the prescribed registers, books and documents, and the relevant records of SHILPA ESTATE for the period ended 3lst March 2022 and hereby certiff that: 〆ξ 」呻 磯 麒Nttli「 b湛 蛉鰈 A. Deposits: Amount in (Rs.) Sr.no Particulars For this Fiscal Year Total for this project F Y 2021‑22 till date i.e. 31.03.2022 ￨ Total amount collected from allottees 3,62,70,777.00 21,21,40,118.74 つん oZ of amount to be deposited as per 70% 70% act つ０ Amount to be deposited as per act 2,53,89,543.90 14,84,98,083.12 (l*2) 4 Total amount deposited in the 3,21,03,915.74 20,73,99,333.48 Designated Bank Account ξυ oZ of Amount deposited in Designated 88.510/0 97.77% Bank Account [(4Xl)* 100] 6 Shortfall / Excess deposit (3-4) (67,143371.84) (5,89,01,250.36) Amount collected/ deposited at Sr. No 1 & 2, shall not include pass through charges and indirect taxes. 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. If No, please mention the amount not deposited-N.A. B. Withdrawals: Amount in (Rs.) Sr.no Particulars For this Fiscal year Total fOr this project F Y 2021‑22 till date ioeo up to 31。 03.2022 HDFC Bank A/c HDFC Bank No。 50200027180471 No.50200027180471 ￨ Opening Balance of Designated Bank 3,99,860.40 0.00 Account 2 Total Deposits 3,59,66,134.00 23,13,24,062.06 つ０ Total amount withdrawn 3,62,91,286.14 23,12,49,353.80 4 Closing Balance 74,708.26 74,708.26 辣 粽 ・・ ヽ′ Notes: 1. Deposits in designated bank account also includes GST, Self-funds and receipLs related to units which are canceled not related to project. 2, Closing balance of designated bank account is reported as Per books of account. Cheque issued but not cleared isRs.23,663/- 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 l. Form 2 and Form 3 issued during the reporting period? (Yes / No): Yes as per CA certificate produccd before us. If no, please provide the below details: - Date of withdrawal Not Applicable C. Utilization: We certifu that SHILPA ESTATE has utilized the amounts withdrawn from designated bank account towards project cost only, as Specified in the act. I See note no.:3] lf No, Please provide the below details: - ﹁︱ ︱ ︱ ヨ ー ∃ Amount not for project cost Not A icablc Not A licable D.Any Qualilication / Observations of CA Wc have conductcd our engagcmcnt and examinatlon ln accordancc、 v!th standards()ll Auditing, Cuidance Note on Reports and Certitlcates lor special pLlrposes atld ottter applicable authoritative pronoLlncements issued by the Institttte of Chartered Aicountants of lndia. We confirm our compliance to all such applicable pronouncements and with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of lndia' It is the primary responsibility of the management of SHTLPA ESTA'IE to prcparc. produce and maintain all accounting and other rele vant supporting records ancl documents required for the purpose of this ccrtilicatc, lhis responsibility inclrrdes thc design, implementation and maintenance of necessary and appropriatc internal control commensurate with the nature and size of entity. As per self-certification obtained from the management, the atnotlnts withdrawn tioln the designated bank account are utilized towards project cost only. While certil,ving on utilization. we have relied on the expcnditurc as per books ol'accottnts prodrrcctl bclorc us which shows that the cxpcnditures incurred ott the pro.iect are lrore than thc total lpositcd in a dcsignatcd bank attount ti‖ thc cnd of linancial 0綺 71(卜 IF L仁二 1111希 豪 %::￨ 颯写 year on cumulative basis. 4 'fhe promotcr has obtained completion ccrtificate from Nashik Municipal Corporation dated 14.06.2022, the copy of the same is attached herewith. Yours faithfully, CA Vipul V. Bhandari Chartercd Accountant C I V. Bhandari M. ub 2e eo(^UK\lFto8-E Date:02.02.2023 Place : Nashik Agreed and accepted by: 6l'Prornotcr : lν lr.I〕 havik′ I hakker Designation: Partner Date:l2.02.2023