R5Pt1 &Assooates Chaftered AccounLanLs Offrce No 40, slh floor, Sustness Bay, Nexl to Kolak tsank, Shrr llarr Narayan Kule Marq, Mumbar Naka, MatoEhree, C& Nagar Nashrk, Maharashtra 422OO2 FORⅣ15 [See Regulation 4] Annual Report on Statement of Accounts CHARTERED ACCOUNTANT'S CERTIFICATE Date:08.06.2022 To, Mr. Shital Sumatilal Shah, Partner. S.M.Enterprises, Rachit Classic Appt, Kulkarni Baug Lane No. 2, Opp. BYK College, College Road, Nashik, Maharashtra-422005 subiect: Report on Statement of Accorrnts on Project fund deposit, utilization_and withdrawai bys.M.Enterprlsesfortheproject"RACHITKALPATARU,,fortheperiod fiom 01.04.2020 tol6.09.2020 with respect to MahaRERA Regn. NumberP515fi)i0l5974' 1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation andDevelopment)Act,2016readalongwiththeMaharashtraRealEstate(Regulation Agents, andDevelopment) (Registration of Real Estate Projects, Registration of Real Estate Rates of Interest and Disclosures on Website) Rules, 2017' 2.WehaveobtainedallnecessaryinJormationandexplanationfromthePromoter,duringthe course of our audit, which in our opinion are necessary for the PurPose of this certificate' 3.Weherebyconfirmthat,wehaveexaminedtheprescribedregisters,booksanddocuments, andthereievantrecordsofS.M.Enterprisesfortheperiod0l.M.2020to16.09.2020and herebY certrfY that: A. Deposits: ｒ．︒ Particulars For this Fiscal Total for this Ｓ Ｎ prOleCt till date Year For the Period i.e.up to 16.09.20 01.04.2020 to 16.09.2020 1 Total amount collected from allottees 4′ 84′ 09′ 75000 19′ 44′ 60′ 31100 2 %of amount to be deposited as per act 70% 70% 3 Amount to be deposited as per act(1*2) 3′ 38′ 86′ 82500 13′ 61′ 22′ 21770 4 Total amount depositedin the Designated 4′ 84′ 09′ 75000 19′ 38′ 04′ 81100 Bank Account 5 %of Amount deposited in Designated Bank 100% 9966% Account [(4)/ (1)-100] 6 Shortfall / Excess deposit (3-4) o′ 45′ 22′ 9250の 76′ 82′ 5933o ●′ 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 specilied in the act, deposited in the Designated RERA Bank Account? Yes. If No, please mention the amount not deposited. B. Withdrawals: Sr.no Particulars Forthe Per10d Total for this frOm 01.o4.20201o PrOleCt till date 16.09.2020 i.e.up to 16.09.20 HDFC A/c No. HDFC A/c No 50200030506063 50200030506063 1 Opening Balance of Designated Bank 20′ 37000 000 Account う４ Total Deposits 5′ 05′ 68,75000 20′ 77′ 56′ 41100 3 Total amount withdrawn 5′ 04′ 47′ 97000 20′ 76′ 15′ 26100 4 Closing Balance 1′ 41′ 15000 1′ 41′ 15000 ｀｀ Page 2 of 4 ｀ ク も .レ Reconciliation between Total Deposit in Bank and Deposit consideredin Table A above. Particulars Amount (Rs) Total Deposit in Designated Bank Account 5′ 05′ 68′ 75000 Less: Amount refunded to customer 14,09,000.00 Less: Self-funds deposited 2,80,000.00 Less: Maintenance Fund deposited in A/c 4,70,000.00 Total amount deposited in the Designated Bank Account as 4,U,O9,750.00 per Table A above As specified in the Act, A1l the amounts withdrawn during the year from RERA Bank Account were within the withdrawal limit as certilied under the relevant Form 1, Form 2 and Form 3 issued during the reporting period? (Yes / No): Yes as per CA certificate produced before us. If No, Please provide the below details: - Sr.No. I)ate of withdrawal Amount of Excess Withdrawals Not Applicable Not Applicable C. Utilization: We certily that, the S. M. EnterPrlses has utilized the amounts withdrawn from designated bank account towards proiect cost onlv, as specified in the act. If No, Please provide the below details: - Sr.No Date Amount not utilized for project cost 1. Not Applicable Not Applicable D.Any Qualification/ Observations of CA with standards 1. -"d".t"d o* Noie ""gug"-*t and examination in accordance on Reports and Certilicates for special purposes and on Auditing, Guidance other appliJable authoritahive pronouncements issued by the Institute of Chartered A..orrrti.rt, of India. We confirm our compliance to all such applicable pronouncements and with the ethical requirements of the Code of Ethics issued by rh6 Incrifirro nf Charfered Accountants of India. う乙 It is the primary responsibility of the management of_S' M' llnterprlses to PrePare' prodrce and maintarn all aicounting and other-relevant supPorting records and includes iocuments required for the purpose of this certificate. This responsibility internal the design, implementation and maintenance of necessary and appropriate .^-r'^l rnr.nrnpnsrrrafe with the nature and size of entity' J. As per self-certification obtained from the management, the amounts wltnorawn -hu* f.o^ th" designated bank account are utilized towards project cost only' However' it is not possiblJfor us to verify the end use of funds withdrawn from designated bank Page 3 of 4 account on one-to-one basis since the requisite record for such veriJication is not available with us. But while certifying on utilization, we have relied on the expenditure as per books of accounts produced before us which shows that the expenditures incurred on the project are more than total amount required to be deposited in a separate bank account till the end of financial year on cumulative basis. 4 The promoter has obtained occupancy certificate from Nashik Municipal Corporation dated,"16/09/2020 and the same is attached herewith. Yours faithfully, For RSPH and Associates Chartered Accountants FRN: 003013N CA Paresh P. Sabadra Partner M.No.119544 uDrN:.2l I I 351 I f lo t r c\737 Date:08.06.2022 Place: Nashik Agreed anfl accepted by: ,/l l'- ' , ( _,' Signature of Promoter Name:/;h,lco 5, Shxrh Designation: puoioer Date: 08. OG 2c2 e- Page 4 of4