Pankaj Parekh & Co. Chartered Accountants 602 603, Odyssay IT Park, Opp Bahind Otd Passport Ofmice Marathe Infotech, Road No 9, Wagto Estato Thane (W)- 400604 2582 0202 9820073229 Ph. No. 2158 1100/ Emall: ppc.pankajpk@gmail.com 4 FORM5 See RegulationOF ACCOUNTS ANNUAL REPORT ON STATEMENT M/s Sri Balaji Developers Office No. 104, 1s Floor Tropical Elite, Opp. Naupada Police Station, Thane (W), 400603. fund utilization and withdrawal by SUBJECT: Report on statement of Accounts on project to 01-04-2019 to 31-03-2020 with respect M/S Sri Balaji Developers for the period from Maha RERA Regn. P51700010106. Estate the provisions of the Real 1. This certificate is issued in accordance with Real with the Maharashtra (Regulation and Development) Act, 2016 read along Real Estate Project, of Estate (Regulation and Development) (Registration Rates of Interest and Disclosure on Website) Registration of Real Estate Agents, Rules, 2017. These fnancial statements are the responsibility of the management. My is to express an opinion on these financial statements based on my responsibility audit. I have conducted my audit in accordance with auditing standards generally require Those standards that we plan and perform the audit to accepted in India. financial statements are free of obtain reasonable assurance about whether the on test basis, evidence material misstatement. An audit includes examining the financial statements. An audit also supporting the amounts and disclosure in includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. reasonable basis of our opinion. We believe that our audit provides a 2. We have obtained all necessary information and explanation from the M/s Sri Balaji the course of Developers., during audit, which in my opinion are necessary for the my purpose of this certificate. 3. We hereby confirm that, we have examined the prescribed registers, books and documents, and the relevant records of M/s Sri Balaji Developers for the period that: ended 31.03.2020 (01-04-2019 to 31-03-2020) and hereby certify As certified by M/s Sri Balaji Developers, they have completed 40% of the Tower-14 & 35% of the Tower-13 of the project titled Atlanta Resideney Thane. Phase-2, Maha RERA Regn. No. P51700010106 located at is Rs. Amount collected during the financial year 2019-20 for this project 92,93,743/- and amounts collected till date is Rs.8,06,75,843.15/ PAPEK 0386 H&Co THANE Charto Pred A Pankaj Parekh& Co. 602-603, Odyssey IT Park, Behind Old Passport Office Opp. Marathe Infotech, Road No.9, Wagle Estate Chartered Accountants Thane (W) -400604 9820073229 Email: ppc.pankajpk@gmail.com Ph. No. 2158 1100/2582 0202 iii. Amount withdrawn during the financial year 2019-20 for this project is Rs.21,71,624/- and amount withdrawn till date is Rs. 2,88,99,914.20/- 4. We certify that the M/s Sri Balaji Developers has not completely utilized the amounts collected for Atalanta Residency Phase-2 project. 5. The anmount not utilized for the Project is Rs 5,17,75,929/- For Pankaj Parekh & Co Firm Regn Number -107359W Chytered Accounty Pankaj Parekh, Proprietor Membership No : 38946 Place: Thane Date: 30.12.2021 UDIN: 21038946AAAAFI3872 PAREA vINYd No. 03896 KH&Co THANE Countant rteredAcC Pankaj Parekh & Co. 602-603, Odyssey IT Park, Behind Old Passport Office Chartered Accountants Opp. Marathe Infotech, Road No.9, Wagle Estate, Thane (W)-400604 9820073229 Ph. No. 2158 1100 /2582 0202 Email: ppc.pankajpk@gmail.com Notes Forming Part of Audit Report F'orm No. 5 1. In accodance with Explanation/Clarification provided vide circular No/ 7/2017 dated 4th July , 2017 issued by MahaRera, Auditor is required to certify utilization of 70 % of funds collected from customer in separate account. The financial year starts from 1" April 2018 and hence while calculating the funds realized from customers 70 % of total funds realized during FY 2018-19 is taken in to account. 2. In accordance with Explanation Clarification provided vide circular No 7/2017 dated 4h July, 2017 issued by MahaRera, Auditor is required to certify utilization of 70 % of funds collected from customer in separate account. The collection till date means collection from customer since inception of the Project till 31-03-2019 i.e closure offinancial year and hence while calculating the funds realized from customers till date, 70 % of total funds realized since inception till 31-03-2019 is taken in to account. For Pankaj Parekh & Co Firm Regn Number - 107359W Chtered Accouptapt a Pankaj Parekh, Proprietor Membership No: 38946 Place: Thane Date: 30.12.2021 UDIN: 21038946AAAAFI3872 PAR EKH &C M No. 038946 THANE untant Chartere Accou