K. B. BHATIA & CO.                                                              TEL:0251-2567109
CHARTERED ACCOUNTANTS                                                  e-mail : kbbhatia@yahoo .com
24, ist Floor, Prince Market,                                                   Mob . 98212-22050
Furniture Bazaar,                                                               Ref. No. 15/2018-19
Ulhasnagar- 421-003                                                             Date:30-09-2018



                                FORM NO. 5 (SEE REGULATION 4)
                          ANNUAL REPORT ON STATEMENT OF ACCOUNTS

To,
  M/s SA TY ABHAMA DEVELOPERS
  PLOT NO 38, GURUKRIPA,
  SURYODA YA CO-OP HSG,
  SOCIETY, AMBERNATH (E)
  421501.

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SUBJECT: Report on stfj,~,p1ent of Accounts on project fund utilization and withdrawal by Mis
SATYABHAMA ~~':Eq~fERS for the period from 01-04-2017 to 31-3-2018 with respect to
Maha-RERA R~ 1'1.\j..fu~~!i'P51700010168
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I. This certificate -f's i's;ued 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 M/s SATYABHAMA DEVELOPERS for the period ended 31-03 -
20 I 8 and hereby certify that:                             ,,...
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i. Mis SATY ABHAMA DEVELOPERS have completed 100 % of the project titled SADASHIV
PURAM Maha-RERA Regn.No . PSl 700010168 located at GUT NO. 10, SADASHIV PURAM,
B-CABIN ROAD, AMBERNA TH (E) - 421501


ii . Amount collected during the year for this project is Rs. 3,13,60,721 /- (THREE CRORES
THIRTEEN LAKH SIXTY THOUSAND SEVEN HUNDRED AND TWENTY-ONE ONLY)
and amounts collected till date (31 -03 -2018) is Rs . 6,17,45,700/- (SIX CRORES SEVENTEEN
LAKH FOURTY FIVE THOUSAND SEVEN HUNDRED ONLY).


iii . Amount withdrawn during the year for this project is Rs.2,23,97,134/- (TWO CRORES
TWENTY-THREE LAKHS NINTY-SEVEN THOUSAND ONE HUNDRED THIRTY-FOUR
ONLY) and amount withdrawn till date (31 -03 -2018) is Rs.4,89,55,900/- (FOUR CRORES
EIGHTY-NINE LAKHS FIFTY-FIVE THOUSAND NINE HUNDRED ONLY).


iv. I/We ce1iify that the M/s SATYABHAMA DEVELOPERS has utilized the amounts collected
for SADASHIV PURAM 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)

Note: -The Promotors have informed us that D.N.S Bank (Rera account) did not issue cheque book
to Mis . Satyabhama developers, So amount in Rera account was transferred to Firm' s bank account
which is in Ambernath Jai Hind Co-op Bank Ltd and that amount is used only for the above said
project.                                                         re-


FOR K.B . BHATIA & CO.
CHARTERED ACCOUNTATNS                                                  M.No.   ·•
                                                                       3'275   ~



(KAILASH B BHATIA)
M.NO. 039275
PLACE:ULHASNAGAR
DATE: 30-09-2018