KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
Form-3
(See Regulation-3)
Project: Inner Circle Phase 2, Plot Bearing / CTS / Survey / Final Plot No.: New Gat No 23, Old Gat No 87 - Plots 6-17
at Saral, Alibag, Raigarh, 402209;
CHARTERED ACCOUNTANT CERIFICATE
(FOR REGISTRATION OF A PROJECT AND SUBSEQUESNT WITHRAWAL OF MONEY)
Cost of Real Estate Project Registration Number : P52000031498
Amount Rs.
Sr No. Particulars Estimated Incurred
1. i) Land Cost:
a) Acqusition Cost of Land or Development Rights, lease Premium
lease rent, interst cost incurred or payable on Land Cost and
legal cost 2,000,000 -
b)
Amount of Premium payable to obtain development rights, FSI,
fungible area, and any other incentive under DCR from Local
Authority or State Government or any Statutory Authority.
- -
c) Acquisition cost of TDR (if any) -
d) 2,000,000
Amounts payable to State Government or competent authority or any other - State or Central G
statutory authority of the
f)
Land Premium payable as per annual statement of rates (ASR)
for development of land owned by public authorities
-
g) Under Rehabilitation scheme: -
i) Estimated construction cost of rehab building including site
development and infrastructure for the same as certified by
engineer -
ii) Actual Cost of construction of rehab building incurred as per the
books of accounts as verified by the CA -
Note: (for total cost of construction incurred, Minimum of (i) or
(ii) is to be considered) -
iii)
Cost towards clearance of land of all or any encumbrances
including cost of removal of legal / illegal occupants, cost for
providing temporary transit accomodation or rent in lien of
Transit accomodation, overhead cost,
-
iv)
Cost of ASR linked premium, fees, charges and security deposits
or maintenance deposit, or any amount whtsoever payable to
any authorities towards and in project of rehabilitation.
-
Sub Total of LAND COST Rs 4,000,000 -
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
ii) Development Cost / Cost of Construction:
a (i) Estimated Cost of Construction as certified by Engineer 195,000,000 15,000,000
(ii) Actual Cost of construction incurred as per the books of
accounts as verified by the CA 17,228,351
Note: (for adding to total cost of construction incurred,
Minimum of (i) or (ii) is to be consudered)
a.) (iii)
On-site expenditure for development of entire project excluding
cost of construction as per(ii) above, i.e. salaries, consultants
fees, site overheads, cost of services (including water,
electricity, swerage), cost of machineries and equipment
including its hire and maintenance costs, consumables etc.
16,000,000 5,234,424
All costs directly incurred to complete the construction of the
buildings/ wings of the project registered.
b) Payment of Taxes, cess, fees, charges, premiums interst etc to
any statutory Authority. -
c) Principal sum and interst payable to financial institutions,
schedule banks, non banking financial institution (NBFC) or
money lenders on construction funding or money borrowed for
construction; -
Sub Total of Development Cost 211,000,000 20,234,424
2 Total Estimated Cost of the Real Estate Project [1(I + 2(ii)] of
Estimated Column 215,000,000
3 Total Cost Incurred of the Real Estate Project [1(I + 1(ii)] of
Incurred Column 20,234,424
4 % completion of Construction Work (as per Project Architect's
Certificate) 50%
5 Proportion of the Cost incurred on Land Cost and Construction
Cost of the Total Estimated Cosr. (3/2 %) 9%
6
Amount which can be withdrawn from the Designated Account
Total Estimated Cost X Prportion of cost incurred 20,234,424
(Sr. number 2 X Sr. number 5)
Less: Amount withdrawn till date of this certificate as per the
books of accounts and Bank Statement 4,713,443
7 Net Amount which can be withdrawn from the Designated Bank
Account under this certificate 15,520,981
This certificate is being issued for RERA compliance for Express Interiors & Contractors LLP and is based
on the records and documents produced before me and explanations provided to me by the
management of the company.
Note 1: All the details given are as on 31/01/2023
Note 2: Details under amount incurred column are as per unaudited books of accounts as on 31/01/2023
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
Yours faithfully
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
(Firm Registration No. 330634E)
CA PRASANTA KUMAR ROYBARMAN
(Propreitor)
Membership No 013905
DATE-09/03/2023
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
(ADDITIONAL INFORMATION FOR ONGOING PROJECTS)
1 Estimated Balance Cost to Complete the Real Estate Project 194,765,576
(Difference of Total Estimated Project cost less Cost incurred)
(calculated as per the Form IV)
2 Balance amount of receivables from sold apartments as per 161,127,500
annexure A to this Certificate
(as certified by Charted Accountant as verified from the records
and books of Accounts)
3i Balance unsold area 1,150
(to be cerified by Management and to be verified by CA from
the records and books of accounts)
ii Estimated amount of sales proceeds in respect of unsold 22,546,272
apartments (calculated as per ASR multiplied to unsold area as
on the date of certificate, to be calculated and certified by CA)
as per Annexure A to this certificate
4 Estimated receivalbes of ongoing project. Sum of 2 + 3 (ii) 183,673,772
5 Amount to be deposited in Designed Account - 70% or 100% 70%
If 4 is greater than 1, then 70% of the balance receivables of
ongoing project wil be deposited in designated account
If 4 is lesser than 1, than 100% of the balance receivables of
ongoing project will be deposited in designated Account.
This certificate is being issued for RERA compliance for Express Interiors & Contractors LLP and is based
on the records and documents produced before me and explanations provided to me by the
management of the company.
KUMAR ROYBARMAN PRASANTA
& ASSOCIATES
PRASANTA KUMAR ROYBARMAN
(Propreitor)
FRN- 330634E
MRN-013905
PAN-ADEPR0074J
DATE-09/03/2023
UDIN-23013905BGWLJT8669
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
KUMAR ROYBARMAN PRASANTA & ASSOCIATES
Chartered Accountants
KUMAR ROYBARMAN PRASANTA Address- 140A/4 N S C BOSE ROAD,
PO REGENT ESTATE,KOLKATA, W.B.,-700092
& ASSOCIATES Email- caprasantakumar334@[Link]
Form-3
(See Regulation-3)
Project: Inner Circle Phase 2, Plot Bearing / CTS / Survey / Final Plot No.: New Gat No 23, Old Gat No 87 - Plots 6-17 at
Saral, Alibag, Raigarh, 402209;
CHARTERED ACCOUNTANT CERIFICATE
(FOR REGISTRATION OF A PROJECT AND SUBSEQUESNT WITHRAWAL OF MONEY)
Cost of Real Estate Project Registration Number : P52000031498
Amount Rs.
Sr No. Particulars Estimated Incurred
1. i) Land Cost:
a) Acqusition Cost of Land or Development Rights, lease Premium
lease rent, interst cost incurred or payable on Land Cost and
legal cost 2,000,000 -
b)
Amount of Premium payable to obtain development rights, FSI,
fungible area, and any other incentive under DCR from Local
Authority or State Government or any Statutory Authority.
- -
c) Acquisition cost of TDR (if any) -
d) 2,000,000
Amounts payable to State Government or competent authority or any other statutory - or Central Gover
authority of the State
f)
Land Premium payable as per annual statement of rates (ASR)
for development of land owned by public authorities
-
g) Under Rehabilitation scheme: -
i) Estimated construction cost of rehab building including site
development and infrastructure for the same as certified by
engineer -
ii) Actual Cost of construction of rehab building incurred as per the
books of accounts as verified by the CA -
Note: (for total cost of construction incurred, Minimum of (i) or
(ii) is to be considered) -
iii)
Cost towards clearance of land of all or any encumbrances
including cost of removal of legal / illegal occupants, cost for
providing temporary transit accomodation or rent in lien of
Transit accomodation, overhead cost,
-
iv)
Cost of ASR linked premium, fees, charges and security deposits
or maintenance deposit, or any amount whtsoever payable to
any authorities towards and in project of rehabilitation.
-
Sub Total of LAND COST Rs 4,000,000 -
ii) Development Cost / Cost of Construction:
a (i) Estimated Cost of Construction as certified by Engineer 195,000,000 15,000,000
(ii) Actual Cost of construction incurred as per the books of accounts
as verified by the CA 17,228,351
Note: (for adding to total cost of construction incurred,
Minimum of (i) or (ii) is to be consudered)
a.) (iii)
On-site expenditure for development of entire project excluding
cost of construction as per(ii) above, i.e. salaries, consultants
fees, site overheads, cost of services (including water, electricity,
swerage), cost of machineries and equipment including its hire
and maintenance costs, consumables etc.
16,000,000 5,234,424
All costs directly incurred to complete the construction of the
buildings/ wings of the project registered.
b) Payment of Taxes, cess, fees, charges, premiums interst etc to
any statutory Authority. -
c) Principal sum and interst payable to financial institutions,
schedule banks, non banking financial institution (NBFC) or
money lenders on construction funding or money borrowed for
construction; -
Sub Total of Development Cost 211,000,000 20,234,424
2 Total Estimated Cost of the Real Estate Project [1(I + 2(ii)] of
Estimated Column 215,000,000
3 Total Cost Incurred of the Real Estate Project [1(I + 1(ii)] of
Incurred Column 20,234,424
4 % completion of Construction Work (as per Project Architect's
Certificate) 50%
5 Proportion of the Cost incurred on Land Cost and Construction
Cost of the Total Estimated Cosr. (3/2 %) 9%
6
Amount which can be withdrawn from the Designated Account
Total Estimated Cost X Prportion of cost incurred 20,234,424
(Sr. number 2 X Sr. number 5)
Less: Amount withdrawn till date of this certificate as per the
books of accounts and Bank Statement 4,713,443
7 Net Amount which can be withdrawn from the Designated Bank
Account under this certificate 15,520,981
This certificate is being issued for RERA compliance for Express Interiors & Contractors LLP and is based on
the records and documents produced before me and explanations provided to me by the management of the
company.
Note 1: All the details given are as on 31/01/2023
Note 2: Details under amount incurred column are as per unaudited books of accounts as on 31/01/2023
KUMAR ROYBARMAN PRASANTA
& ASSOCIATES
PRASANTA KUMAR ROYBARMAN
(Propreitor)
Chartered Accountants
FRN- 330634E
MRN-013905
PAN-ADEPR0074J
DATE-09/03/2023
UDIN-23013905BGWLJT8669
(ADDITIONAL INFORMATION FOR ONGOING PROJECTS)
1 Estimated Balance Cost to Complete the Real Estate Project 194,765,576
(Difference of Total Estimated Project cost less Cost incurred)
(calculated as per the Form IV)
2 Balance amount of receivables from sold apartments as per 161,127,500
annexure A to this Certificate
(as certified by Charted Accountant as verified from the records
and books of Accounts)
3i Balance unsold area 1,150
(to be cerified by Management and to be verified by CA from the
records and books of accounts)
ii Estimated amount of sales proceeds in respect of unsold 22,546,272
apartments (calculated as per ASR multiplied to unsold area as
on the date of certificate, to be calculated and certified by CA)
as per Annexure A to this certificate
4 Estimated receivalbes of ongoing project. Sum of 2 + 3 (ii) 183,673,772
5 Amount to be deposited in Designed Account - 70% or 100% 70%
If 4 is greater than 1, then 70% of the balance receivables of
ongoing project wil be deposited in designated account
If 4 is lesser than 1, than 100% of the balance receivables of
ongoing project will be deposited in designated Account.
This certificate is being issued for RERA compliance for Express Interiors & Contractors LLP and is based on
the records and documents produced before me and explanations provided to me by the management of the
company.
Yours faithfully
KUMAR ROYBARMAN PRASANTA
& ASSOCIATES
PRASANTA KUMAR ROYBARMAN
PROPRIETOR
FRN- 330634E
MRN-013905
PAN-ADEPR0074J
DATE-09/03/2023
UDIN-23013905BGWLJT8669
Annexure A
Statement for calculation of Receivables from the sales of the Ongoing Real Estate Project
Sold Inventory
Unit Consideration as
Carpet Area
Sr No Villa No per Agreement / Received Amount Balance Receivable
(in Sq. mts)
Letter of Allotment
1 Villa 2 362 41,200,000 5,000,000 36,200,000
2 Villa 5 382 59,000,000 17,700,000 41,300,000
3 Villa 6 404 60,527,500 3,000,000 57,527,500
4 Villa 7 281 28,600,000 2,500,000 26,100,000
1,429 189,327,500 28,200,000 161,127,500
(Unsold Inventory Valuation)
Ready Recknor Rate as on the date of Certificate
of the Residential / commercial premises Rs 19,600 Per sm.
Unit Consideration as
Carpet Area
Sr No Villa No per Read Reckoner
(in Sq. mts)
Rate (ASR)
1 Villa 1 397 7,789,236
2 Villa 3 407 7,967,596
3 Villa 4 346 6,789,440
1,150.32 22,546,272.00
Sr No Party RERA Tag RERA Tag
1 Pacific Engg Soil Investigation 4
2 Mahendra Patil engineers & Surveyors Survey 4
3 Arbuda Agrochemicals Pvt. Ltd. Supply of Pesticide (Premise) 4
4 Pradhan & Co. Supply of Cement 3
5 Yash Tradings Supply of Waterproofing chemical (Sunanda Polytancrete NGT) 3
6 Supriya Enterprises Supply of TMT Bars 3
7 Bafna Hardware Stores Supply of Black Japan 4
8 Savera Lime Depot Supply of Fly Ash 3
9 Pradhan & Co. Supply of Cement 3
10 Pradhan & Co. Supply of Cement 3
11 Yash Tradings Supply of Waterproofing chemical (Sunanda Polytancrete NGT) 3
12 Pradhan & Co. Supply of Cement 3
13 Pradhan & Co. Supply of Cement 3
14 Pradhan & Co. Ultratech Cement OPC 3
15 Pradhan & Co. Ultratech Cement OPC 3
16 Azad Electric & Hardware Stores Supply of Electrical Materials 4
17 SAVERA LIME DEPOT Supply of Flyash 3
18 Supriya Enterprises Supply of TMT Bars 3
19 Azad Electric & Hardware Stores Supply of Electrical Materials 4
20 Supriya Enterprises Steel FE500 3
21 YASH TRADINGS Supply of Waterproofing chemical (Sunanda Polytancrete NGT) 3
22 Pradhan & Co. OPC 53 Ultractec Cement & Water Tank 3
23 Supriya Enterprises Binding Wire 3
24 Pradhan & Co. OPC 53 Ultractec Cement 3
25 Pradhan & Co. OPC 53 Ultractec Cement 3
26 Supriya Enterprises Steel FE500D 3
27 Pradhan & Co. OPC 53 Ultractec Cement 3
28 YASH TRADINGS Supply of Waterproofing chemical (Sunanda Polytancrete NGT) 3
29 Savera Lime Depot AAC Block & Jointing Compound 3
30 Savera Lime Depot AAC Block & Jointing Compound 3
Various 3
Various 4
Amount
100,000
14,042
30,085
77,813
20,849
913,050
6,695
85,000
77,813
83,438
11,000
161,250
82,500
80,625
165,000
57,150
115,625
704,423
28,310
774,427
22,598
120,673
33,326
62,500
77,813
125,398
166,875
30,300
313,632
171,235
12,751,189
4,998,142
KUMAR ROYBARMAN PRASANTA Address- 140A/4 N S C BOSE ROAD,
PO REGENT ESTATE,KOLKATA, W.B., - 700092
& ASSOCIATES Email- caprasantakumar334@[Link]
Express Interiors & Contractors LLP
105-A, Neelam Cente, Hind Cycle Road,
Worli, Mumbai.
ICICI A/C NO. 772205000146 (30 %) Book
1-Nov-22 to 24-Jan-23
Date Particulars Vch Type
3-Nov-22 Dr (as per details) Payment
SLEEK INTERNATIONAL PVT LTD
Tds on Contract
7-Nov-22 Dr (as per details) Payment
VALUE HEALTHCARE LTD.
VALUE HEALTHCARE LTD.
8-Nov-22 Dr (as per details) Payment
FINORGA (INDIA) [Link]
FINORGA (INDIA) [Link]
9-Nov-22 Dr (as per details) Payment
SILA PROJECT MANAGEMENT SERVICES PVT LTD
Tds on Contract
9-Nov-22 Dr (as per details) Payment
B M W ENGINEERING WORKS
TDS ON RENT
10-Nov-22 Dr (as per details) Payment
[Link] & CO.
[Link] & CO.
10-Nov-22 Dr (as per details) Payment
[Link] SPECIALITY CHEMICALS PVT. LTD.
[Link] SPECIALITY CHEMICALS PVT. LTD.
18-Nov-22 Dr (as per details) Payment
CGST CASH LEDGER
SGST CASH LEDGER
22-Nov-22 Dr Tds on Contract Payment
22-Nov-22 Dr Tds on Contract Payment
28-Nov-22 Dr (as per details) Payment
SILA PROJECT MANAGEMENT SERVICES PVT LTD
Tds on Contract
28-Nov-22 Dr (as per details) Payment
SILA PROJECT MANAGEMENT SERVICES PVT LTD
Tds on Contract
30-Nov-22 Dr TDS ON RENT Payment
7-Dec-22 Dr Tds on Contract Payment
7-Dec-22 Dr TDS ON COMMISSION Payment
7-Dec-22 Dr TDS ON PROFESSIONAL FEES Payment
7-Dec-22 Dr TDS ON RENT Payment
7-Dec-22 Dr TDS ON CONSULTANCY Payment
20-Dec-22 Dr (as per details) Payment
CGST CASH LEDGER
SGST CASH LEDGER
28-Dec-22 Dr (as per details) Payment
INI INFRASTRUCTURE & ENGINEERING PVT LTD
TDS ON PROFESSIONAL FEES
28-Dec-22 Dr (as per details) Payment
SILA PROJECT MANAGEMENT SERVICES PVT LTD
Tds on Contract
28-Dec-22 Dr (as per details) Payment
A & S ELECTRICALS
Tds on Contract
28-Dec-22 Dr (as per details) Payment
A & S ELECTRICALS
Tds on Contract
28-Dec-22 Dr (as per details) Payment
A & S ELECTRICALS
Tds on Contract
28-Dec-22 Dr (as per details) Payment
VEEKE ENTERPRISES - VILLA
Tds on Contract
9-Jan-23 Dr Tds on Contract Payment
9-Jan-23 Dr TDS ON RENT Payment
9-Jan-23 Dr TDS ON PROFESSIONAL FEES Payment
Cr Closing Balance
Vch No. Debit Credit
359 398326.00
405194.00 Dr 3
6868.00 Cr
360 25134.00
12567.00 Dr 4
12567.00 Dr 4
371 19500.00
9750.00 Dr 4
9750.00 Dr 4
378 1744560.00
1782902.00 Dr 3
38342.00 Cr
379 107800.00
110000.00 Dr 3
2200.00 Cr
382 50748.00
25374.00 Dr 0
25374.00 Dr 0
383 149404.00
74904.00 Dr 0
74500.00 Dr 0
392 506762.00
253381.00 Dr 4
253381.00 Dr 4
394 273531.00
395 246115.00
413 5318864.00
5435762.00 Dr 3
116898.00 Cr
414 3635546.00
3701051.00 Dr 3
65505.00 Cr
421 1778.00
430 493309.00
434 9975.00
435 135000.00
436 7432.00
437 13125.00
448 1913890.00
956945.00 Dr 4
956945.00 Dr 4
464 173572.00
189643.00 Dr 4
16071.00 Cr
465 2302076.00
2343213.00 Dr 4
41137.00 Cr
466 423937.00
429471.00 Dr 3
5534.00 Cr
467 69232.00
70136.00 Dr 3
904.00 Cr
468 213881.00
216673.00 Dr 3
2792.00 Cr
469 594000.00
600000.00 Dr 3
6000.00 Cr
479 264837.00
484 12169.00
485 45566.00
19150069.00
19150069.00
19150069.00 19150069.00