STAYWAY HOMES PRIVATE LIMITED

PLOT NO.3 JUNI MANGALWARI TELEPHONE EXCHANGE SQUARE NAGPUR

Nagpur MH 440008 IN

10th Nov,2021
To,
M/s Mithlesh R Pardhi & Co.,
Chartered Accountants,
7 Pakhidde, Layout, Nr Ekatmata
Nagar, Jaitala, Nagpur -16 MH In.

Dear Sir,

This representation letter is provided in connection with your audit of the financial statements of
“STAYWAY HOMES PRIVATE LIMITED” for the year ended 31.03.2021 for the purpose of
expressing an opinion as to whether the financial statements give a true and fair view of the financial
position as of 31.03.2021 and of the results of operation for the year ended on that date. We
acknowledge our responsibility for preparation of financial statements in accordance with the
requirements of the recognized accounting policies and practices, including the applicable
Accounting Standards issued by the ICAI.

We confirm, to the best of our knowledge and belief, the following representations:

 Method of Accounting
The accounts are prepared on mercantile system of accounting.

 Assets

Fixed Assets during the year are valued at Original Cost of Acquisition/installation less Accumulated
Depreciation; where Depreciation has been calculated as per the provisions stated in Part ‘C’ of
Schedule II of the Companies Act, 2013. Also, fixed assets register is maintained by the company
and physical verification of the same is carried out by the management at the end of the year.

 Maintenance of books of accounts

Books of accounts are properly maintained along with proper supporting documents.

 Current Assets Loans & Deposits

Current assets, loans & deposits as appearing in the balance sheet are considered good &
recoverable.

 Cash Balance
The Cash in hand balance as on 31.03.2021 was Rs. 24,000/. The same is physically verified
at the end of the year.

 Liabilities
All the known liabilities are recorded in the financial statement.

 Contingent Liabilities
There are no contingent liabilities as on 31.03.2021 which are debited to P & L Account.

 Expenditure in cash for Rs.0- or above:

 We have not incurred any single expenditure amounting to Rs.0 or more in cash except to
transporters where some payments up to Rs.0 were made in cash.

 Acceptance and Repayment of Loan in contravention of section 269SS and 269T:

During the financial year ending on 31.03.2021, we have neither taken nor repaid any loan
exceeding the limit specified under section 269SS and 269T respectively, otherwise than by
an account payee cheque or demand draft.

 Statutory dues

We have paid all the statutory dues.

 MSME PARTIES

There are no parties identified as Micro, Small and Medium Enterprises on the basis of
information available with the Company.

 General
I confirm that we have not debited/credited any amount to profit & loss account being:
i. Expenditure of Capital Nature
ii. Expenditure of Personal Nature
iii. Expenditure on advertisement in any souvenir, brochure, tract, pamphlet or the like,
published by a political party
iv. Income or expenditure of prior period

 The financial statements are free of material misstatements, including omissions.

 None of the directors of the company are disqualified as on 31st March, 2021 from being
appointed as a director in terms of section 164(2) of the Companies Act, 2013.

For, STAYWAY HOMES PRIVATE LIMITED

NIKHIL TRIPATHI ROHIT PINGALE

DIN: 08919963 DIN: 08919964
(Director) (Director)
Place: Nagpur
Date: 25.11.2021