BCIL - Annual Report - July - 17 - 2018 - Final

BIOTECH CONSORTIUM INDIA LIMITED
28th
ANNUAL REPORT
2017 - 2018
Biotech Consortium India Limited Annual Report 2017-2018
BOARD OF DIRECTORS
Dr. V. P. Kamboj (Chairman)
Former Director, Central Drug Research Institute (CDRI), Lucknow
Dr. Bindu Dey
Secretary,Technology Development Board, New Delhi, Department of Science & Technology (DST), Ministry of
Science & Technology, Govt. of India (Nominee of DST)
Shri S G Nadkarni
Chief General Manager, IDBI Bank Limited, New Delhi ( Nominee of IDBI Bank Limited)
Dr. A.K. Rawat
Director, Department of Biotechnology (DBT), New Delhi, Ministry of Science & Technology,
Govt. of India (Nominee of DBT)
Dr. (Mrs.) Manju Sharma
Former Secretary, Department of Biotechnology (DBT), New Delhi, Ministry of Science & Technology, Govt. of
India
Dr. N. K. Singh
Project Director, National Research Center on Plant Biotechnology, IARI, New Delhi ( Nominee of Indian Council
of Agricultural Research (ICAR))
Shri P. R. Suresh
Ex-Executive Director of Specified Undertaking of Unit Trust of India (SUUTI), New Delhi (Nominee of SUUTI)
Dr. Ram A. Vishwakarma
Director, CSIR-Indian Institute of Integrative Medicine (CSIR-IIIM), Jammu (Nominee of Council of Scientific and
Industrial Research (CSIR))
Dr. Purnima Sharma
Managing Director, Biotech Consortium India Limited
-----------------------------------------------------------------------------------------------------------------------------------------
OTHER KEY DETAILS
CHIEF GENERAL MANAGER DEPUTY MANAGERS

Dr. Vibha Ahuja Shri Vineet Chhabra
Smt. Sherly Charles
DEPUTY GENERAL MANAGER Shri Krishan Singh Rawat
Dr. Shiv Kant Shukla Smt. Shreya Sanghvi Malik
AGM (FINANCE) & COMPANY SECRETARY Dr. Yogmaya Verma
Shri Mukesh Gupta STATUTORY AUDITORS

M/s Surendra Subhash & Co.
ASSISTANT GENERAL MANAGER(S)
Dr. Sanchita Chaudhary BANKERS
Canara Bank
Dr. Suchita Markan
HDFC Bank Limited
MANAGER (S) IDBI Bank Limited
Smt. Anita Sharma
REGISTERED OFFICE
Shri Manoj Gupta 5th Floor, Anuvrat Bhawan,
Shri Manish Sharma 210, Deen Dayal Upadhyaya Marg,
Shri Vinod Kumar New Delhi – 110 002
2
NOTICE
Notice is hereby given that the Twenty Eight Annual of the company, be and are hereby ratified to hold
General Meeting of the Members of Biotech office from the conclusion of this Annual General
Consortium India Ltd. will be held on Tuesday, 14th day Meeting (AGM) till the conclusion of 29th Annual
General Meeting to be held in the year 2019 to
of August 2018 at 10.30 am at the Registered Office of
examine and audit the accounts of the company
the company at 5th Floor, Anuvrat Bhawan, 210, Deen
and that the Board of Directors be and are hereby
Dayal Upadhyaya Marg, New Delhi-110002 to transact authorized to fix such remuneration as may be
the following businesses: mutually agreed upon between the Board of
Directors and the Auditors”. (Refer Note 3).
ORDINARY BUSINESSES
SPECIAL BUSINESSES
1. Adoption of Financial Statements
5. Appointment of Shri S G Nadkarni (DIN-
To receive, consider and adopt the audited Financial 03401830) as Director of the company
Statements of the company for the financial year To consider and if thought fit, to pass with or
ended March 31, 2018, together with the reports of without modification (s), the following resolution
the Board of Directors and the Auditors thereon. as an Ordinary Resolution:
2. Appointment of Director “RESOLVED THAT Shri S G Nadkarni (DIN-

03401830), who was appointed as a Nominee
To appoint a Director in place of Dr. V P Kamboj Director of the IDBI Bank Limited in the 114th Board
(DIN-00186440) who retires by rotation and Meeting held on September 15, 2017 be and is hereby
being eligible, offers himself for reappointment. appointed as a Director of the company”.
6. Reappointment of Dr. Purnima Sharma as
3. Appointment of Director
Managing Director of the company and approve
To appoint a Director in place of Dr. Manju her remuneration as per Section II of Part II of
Sharma (DIN-01265049), who retires by rotation the Schedule V of the Companies Act, 2013
and being eligible, offers herself for reappointment. To consider and if thought fit, to pass with or
without modification the following resolution as a
4. Ratification of appointment of Auditors Special Resolution:
To ratify appointment of Auditors of the company “RESOLVED THAT pursuant to the provisions
to hold office from the conclusion of this Annual of Sections 117, 152, 161, 170 196 and other
General Meeting until the conclusion of next Annual applicable provisions, if any, read with Schedule V
General Meeting to be held after this meeting and of the Companies Act, 2013 and any amendments
to fix their remuneration and to pass with or without thereof and as approved by the Board of Directors
modification (s), the following resolution as a in their meeting held on June 04, 2018, the Members
Special Resolution: of the company hereby approves the reappointment
“RESOLVED THAT pursuant to the provisions of Dr. Purnima Sharma as Managing Director of
of Section 139 and all other applicable provisions, the company with effect from May 23, 2018 for
if any, of the Companies Act, 2013 read with the a period of five years on the following terms and
Companies (Audit and Auditor) Rules, 2014, as conditions:
amended from time to time, appointment of M/s Basic Pay and Pay Scale:
Surendra Subhash & Co., Chartered Accountants A starting basic pay of Rs. 220300 in the pay scale
(Firm Registration Number–003173N), as Auditors 135700-4700-182700-4700-253200.
3
Dearness Allowance: l. Club Membership:

Linked to the all India Consumer Price Index and as Membership fee of one club.
followed by the all India financial institutions. m. Leave Fare Concession:
House Rent Allowance: To and fro air fare for self and family to hometown/
any place once in a year.For traveling outside India,
As per rules of the company. HRA will be payable
reimbursement will be restricted upto regular fare
at the rate of 30% of the basic pay. Alternately,
of a distance of 2100 km from Delhi (in India) of
leased accommodation may be provided by the
Air India or actual expenses incurred, whichever is
company, the rent of which shall not exceed 50% of lower.
the basic pay.
n. Entertainment Allowance:
Perquisites:
Not exceeding one month’s pay plus DA in a year
a. Ordinary Leave: for official entertainment.
As per rules of the company o. Termination of service:
b. Other Leave: On three months’ notice from either side
As per rules of the company
With regard to all matters not specifically mentioned
c. Leave Encashment: above, the terms and conditions of service shall be
As per rules of the company the same as those applicable to senior executives
d. Contributory Provident Fund: of the company from time to time. The terms and
As per rules of the company conditions may be altered as and when deemed
e. Travelling Allowance: necessary”.
As applicable to Directors of the company “RESOLVED FURTHER THAT pursuant to the
provisions of section 197 read with schedule V
f. Gratuity:
of the Companies Act, 2013 and other applicable
As per rules of the company
provisions, if any, of the Companies Act, 2013
g. Medical Reimbursement and Medical (including any statutory modification or re-
Allowance: enactment thereof for the time being in force) and
For self and family, subject to a ceiling of half pursuant to Articles of Association of the company,
month’s basic pay in a year as per rules of the the Members of the company hereby approves that
company. the remuneration approved by the Board be paid
h. Medical Insurance: as minimum remuneration to Dr. Purnima Sharma
As per rules of the company irrespective of the fact whether company profits are
inadequate in any financial years between April 01,
i. Personal Accident Insurance:
2018 to March 31, 2021.
Premium not exceeding Rs.1,500 per annum
j. Telephone and Internet: NOTES:
Free telephone and Internet at residence at the 1. An Explanatory Statement pursuant to Section 102
expense of the company. of the Companies Act, 2013 relating to the Special
k. Car: Businesses to be transacted at the Annual General
Free use of company’s car for official purposes. Meeting (AGM) is annexed hereto and forms part
Use of car for private purposes will be permitted on of this notice.
payment as per rules applicable to Chief Executive
of the Company and as decided by the Board from 2. A Member entitled to attend and vote at the meeting
time to time i.e presently Rs. 250 per 500 km and is entitled to appoint a proxy to attend and vote on
proportionately thereafter. poll instead of himself/herself and such a proxy
4
need not be a Member of the company. Pursuant register the same by submitting a request to the
to the provisions of Section 105 of the Companies company. Members holding shares in demat form
Act, 2013, a person can act as a proxy on behalf are requested to register their e-mail address with
of not more than fifty Members and holding in their Depository Participant(s) only. Members
aggregate not more than ten percent of the total of the company, who have registered their e-mail
share capital of the company. Members holding address, are entitled to receive such communication
more than ten percent of the total share capital of in physical form upon request.
the company may appoint a single person as proxy,
5. Members may note that this Notice and the Annual
who shall not act as a proxy for any other Member.
Report for the year 2017-18 will also be available
The instrument of proxy, in order to be effective,
on the company website viz www.bcil.nic.in.
should be deposited at the Registered Office of the
company, duly completed and signed, not later than 6. The route map showing directions to reach the
48 hours before the commencement of the meeting. venue of the twenty eight AGM is annexed.
A Proxy Form is annexed to this Report. Proxies
7. The Register of Directors and Key Managerial
submitted on behalf of limited companies must be
Personnel and their shareholding maintained
supported by an appropriate resolution / authority,
under Section 170 of the Companies Act, 2013,
as applicable.
the Register of contracts or arrangements in which
3. A certificate from the Auditors have been received the Directors are interested under Section 189 of
mentioning that they are eligible for the appointment the Companies Act, 2013 will be available for
and are not disqualified for the appointment under inspection at the AGM.
the Companies Act, 2013, the Chartered Accountant
By Order of the Board of Directors
Act, 1949 and the Rules and Regulations made
thereunder. Their appointment is as per the term
provided under the Act and is within the limits laid (Mukesh Gupta)
down by or under the authority of the Act. AGM (Finance) & Company Secretary
4. Pursuant to Section 101 and Section 136 of the

Date : 13.07.2018
Companies Act, 2013 read with relevant Rules made Place : New Delhi
thereunder, companies can serve Annual Reports
and other communications through electronic Registered Office:
mode to those Members who have registered their 5th Floor, Anuvrat Bhawan,
e-mail address either with the company or with 210, Deendayal Upadhyaya Marg,
the Depository. Members who have not registered New Delhi – 110 002
their e-mail address with the company can now CIN: U73100DL1990PLC041486
5
Annexure to Notice
EXPLANATORY STATEMENT SETTING OUT MATERIAL FACTS AS REQUIRED UNDER SECTION
102 OF THE COMPANIES ACT, 2013 IN RESPECT OF ITEMS OF SPECIAL BUSINESS AS PER THE
NOTICE
-----------------------------------------------------------------------------------------------------------------------------------------
ITEM No. 5
Shri S G Nadkarni (DIN-03401830), CGM, IDBI Bank Limited was appointed as Nominee Director of the IDBI
Bank Limited with effect from September 15, 2017 on the Board of the company in accordance with the Articles
of Association of the company. It is proposed to regularize the appointment of Shri S G Nadkarni in the ensuing
Annual General Meeting.
Your Directors recommend the resolution for approval of the Members.
None of the Directors or Key Managerial Personnel of the company and their relatives, other than Shri S G Nadkarni
for his respective appointment, is concerned or interested, financially or otherwise, in the Resolution. The Board
recommends the Ordinary Resolution as set out at item no. 5 for approval of the Members.
ITEM No. 6
Dr. Purnima Sharma was appointed as Managing Director by the Board in its 76th meeting held on May 23, 2008
for a period of five years and the appointment was approved by the Members of the company in the Eighteen Annual
General Meeting held on July 16, 2008. The Board of Directors in its 95th meeting held on November 19, 2012 had
renewed appointment Dr. Purnima Sharma as Managing Director of the company for another period of five years
with effect from May 23, 2013 considering the excellent performance of the company during the last five years.
The same was approved by the Members of the company in the Twenty Third Annual General Meeting held on
September 05, 2013.
The Board of Directors in its 116th meeting held on March 26, 2018 had renewed appointment Dr. Purnima Sharma
as Managing Director of the company for another period of five years with effect from May 23, 2018 considering
that Dr. Purnima Sharma has diversified the activities of BCIL into different areas including international projects.
The Board in their 117th meeting held on June 04, 2018 had approved terms and conditions of reappointment of Dr.
Purnima Sharma as Managing Director of the company. The Board considered that remuneration of Dr. Purnima
Sharma, Managing Director of the company may exceed 5% of the net profits of the company during her tenure as
Managing Director of the company. However, it will be well within limit of Rs. 84.00 lakhs as specified in Section
II of Part II of the Schedule V of the Act. It is proposed that the remuneration approved by the Board be paid as
minimum remuneration to Dr. Purnima Sharma irrespective of the fact whether company profits are inadequate in
any financial years between April 01, 2018 to March 31, 2021.
As per the provisions of Sections 196 and 197 read with Schedule V of the Companies Act, 2013, the appointment and
remuneration of the Managing Director should be approved by Board of Directors and Members of the company. The
Board of Directors has approved and recommended the appointment of Dr. Purnima Sharma as Managing Director
for a period of five years with effect from May 23, 2018 and remuneration package as per Section II of Part II of the
Schedule V of the Companies Act, 2013 for the period 01/04/2018 to 31/03/2021 to the Members for approval.
Your Directors recommend the resolution for approval of the Members including the terms and conditions as set
out in the resolution.
6
None of the Directors or Key Managerial Personnel of the company and their relatives, other than Dr. Purnima
Sharma is concerned or interested, financially or otherwise, in the Resolution. The Board recommend the
Special Resolution as set out at item no. 6 for approval of the Members.
The requisite information specified in Section II of Part II of the Schedule V is given below for kind perusal
of the Members:
I. GENERAL INFORMATION
1. Nature of Industry
Consultancy in biotechnology
2. Date or expected date of commencement of commercial production
Existing company in operation since 1991
3. In case of new companies, expected date of commencement of activities as per project
approved by the financial institute appearing in the prospectus
Not Applicable
4. Financial performance based on given indicators
Rs. in lakhs
Sl. No. Particulars 2017-18 2016-17 2015-16
1. Turnover 1005.52 916.24 803.80
2. Net Profit/(Loss) 125.98* 168.49 137.04
3. Paid-up share capital 537.00 537.00 537.00
4. Reserves & Surplus 2091.86 1966.35 1796.25
* After absorbing unexpected provision of Rs. 55.45 lakhs towards gratuity liability made pursuant to
amendment in the Payment of Gratuity Act, 1972.
5. Foreign investments or collaborators, if any
Nil
II. INFORMATION ABOUT THE APPOINTEE
1. Background details including recognition or awards
Dr. Purnima Sharma is a doctorate in Microbiology from Post Graduate Institute of Medical Education and
Research (PGIMER), Chandigarh, the prestigious autonomous institution and deemed Medical University of
national importance under the Ministry of Health, Government of India with Post Doctoral experience from IIT,
Mumbai, and has to her credit many awards for excellence in academics.
She has vast experience in the area of IP management, technology transfer, project management and in
coordinating diverse range of biotech projects of national and international relevance such as status studies,
market analysis reports, feasibility studies etc. She has also coordinated the preparation of business plans
for setting up biotechnology incubators and parks in different States. She is also a member of the National
Academy of Sciences, the oldest academy of sciences in India. She is also a member of national and state level
committees responsible for biotech development and commercialization including:
• Expert Committee on biotech parks of the Department of Biotechnology, Ministry of Science & Technology,
Government of India, New Delhi;
• The Governing Council of the Chattisgarh Infotech & Biotech Promotion Society constituted under the
Chairmanship of the Hon’ble Chief Minister of Chhattisgarh;
7
• The Review Committee of Foundation for Innovation and Technology Transfer (FITT), New Delhi;
• Society of Punjab Biotechnology Incubator, Mohali;
• Biotechnology Advisory Committee for establishment and promotion of Biotechnology Park in the state
of Chhattisgarh of Chattisgarh Infotech & Biotech Promotion Society:
• Research Advisory Committee for Biotechnology and Life sciences of Shriram institute of Industrial
Research, Delhi;
• Techno Assessment Committee of Agrinnovate India Ltd., New Delhi to facilitate in commercialization of
technologies;
• Policy Advisory Vision Group on Biotechnology of Science & Technology Department, Government of
Odisha;
• Board of Governors of IIIM – Technology Business Incubator, Jammu:
• Expert Committee Group of Department of Biotechnology, Government of India for considering the
establishment of Atal Incubation Centre in NER under the Atal Innovation Mission etc.;
• Member of CII National Committee on Biotechnology (2018-19).
2. Past remuneration
Financial Years Remuneration (Rs. in lakhs) *
2017-18 37.31
2016-17 33.94
2015-16 29.40
* Excluding retiral benefits.

3. Job profile and her suitability
Dr. Purnima Sharma serves as Managing Director of the company. She is in the overall control and
management of the company. She is also the mentor behind all the policies of the company. She takes
decisions in all strategic matters under supervision and guidance of the Board. To sustain the growth
path, it is essential for the company to adequately remunerate her as per market norms. Accordingly, it is
proposed to approve the existing remuneration package of Dr. Purnima Sharma.
4. Remuneration proposed
The detailed remuneration has been explained hereinabove in the resolution of the notice calling the
Annual General Meeting of the company.
5. Comparative remuneration profile with respect to industry, size of the company, profile of the
position and person
The remuneration package of Dr. Purnima Sharma is far below that drawn by the peers in the similar
capacity in established companies engaged in consultancy e.g. Ernst &Young, McKinsey & Company,
PWC etc.
6. Pecuniary relationship directly or indirectly with the company, or relationship with the managerial
personnel, if any
Apart from having the transactions as disclosed in Annual Report for the financial year ended March 31,
2018 pursuant to the provision of “Accounting Standard 18 (AS 18) and holding 10 equity shares of the
company, there was no other pecuniary relationship directly or indirectly with the company or relationship
with managerial personnel.
8
III. OTHER INFORMATION

1. Reason of loss or inadequate profits

Since the appointment of Dr. Purnima Sharma on the Board, financial performance and visibility of the
company has increased significantly which is evident from the following table:
Rs. in lakhs
Particulars 2005-06 2017-18 Growth (%)
Turnover 322.77 1005.52 211.52
Net Profit 73.53 125.98 71.33
Reserves & Surplus 211.19 2091.86 890.51
The remuneration is exceeding 5% of net profits of the company because the company is engaged in providing
consultancy services in a specialized area of biotechnology and therefore , income and profitability are low and
not expected to match with those observed in case of manufacturing companies.
2. Steps taken or proposed to be taken for improvement
The company is consistently expanding the scope of existing activities and is also proactively diversifying
into new activities for which the skills and knowledge base is being strengthened.
3. Expected increase in productivity and profits in measurable terms
The above measures are expected to enhance the visibility of the company as a specialized consultancy
agency in the area of biotechnology and also increase the profitability over the years at least by 3-7%.
IV. DISCLOSURES
1. Remuneration package of the managerial person
Fully described in the item no. 6 & respective explanatory statement as stated above.

By Order of the Board of Directors
(Mukesh Gupta)
AGM (Finance) & Company Secretary
Date : 13.07.2018
Place : New Delhi
Registered Office:
5th Floor, Anuvrat Bhawan,
210, Deendayal Upadhyaya Marg,
New Delhi – 110 002
CIN: U73100DL1990PLC041486
9
DIRECTOR’S REPORT
To the Members, OPERATIONS

Your Directors have pleasure in presenting the Twenty Your company facilitated commercialization of
Eight Annual Report of the company along with the biotech products and process by extending a range of
audited statement of accounts for the year ended 31st business support services such as Intellectual Property
Management and Technology Transfer, Consultancy,
March 2018. Biosafety Support, Project Management, Human
Resource Development and Information Dissemination.
FINANCIAL RESULTS
(Rs. in lakhs) PROJECT MANAGEMENT
Your company continued the management of three
Particulars 2017- 2016-
prestigious long term programmes of Department of
2018 2017
Biotechnology, Govt. of India (DBT) of immense
Income from Operating 808.40 734.48
national and international relevance namely National
Activities Certification System for Tissue Culture Raised Plants
Income from Non Operating 163.78 181.76 (NCS-TCP), North Eastern Region-Biotechnology
Activities Programme Management Cell (NER-BPMC) and
Exceptional and Extraordinary 33.34 0.00 School of International Biodesign (SIB).
Items During the year, your company successfully managed
GROSS INCOME 1005.52 916.24 various activities of National Certification System for
Administrative & Other 832.69 659.31 Tissue Culture Raised Plants (NCS-TCP). NCS-TCP
Expenses is a quality management system for Indian plant tissue
Profit before Depreciation & 172.83 256.93 culture sector industry established under the Seeds Act
Taxes 1966 and is first of its kind in the world. Your company
has been managing NCS-TCP since its inception in
Add/(Less)
2006 and has played a key role in assisting DBT in its
Depreciation (02.73) (03.91)
establishment and operationalization for production
Taxes (44.12) (84.53) and distribution of quality tissue culture planting
Net Profit/ (Loss) 125.98 168.49 material. Concerted efforts made by your company
Surplus brought forward from 1952.01 1783.52 has resulted in recognition of a significant number of
previous year companies, development of standard operating process,
guidelines, tissue culture standards, certification
Surplus carried to Balance 2077.99 1952.01
labels, streamlining of testing and certification process
Sheet
etc. During the year, the main focus of NCS-TCP
During the year under review, income of your company was towards the certification of tissue culture plants
increased to Rs. 1005.52 lakhs from Rs. 916.24 lakhs produced by the recognized companies. Towards this,
recorded during the previous year, registering a growth stakeholders’ meet was also organized to create wide-
of 10.00% over the previous year. Your company spread awareness about the importance of certification
achieved a profit of Rs. 125.98 lakhs during the year. of tissue culture plants. So far more than 270 million
The above said profit of Rs. 125.98 is after making a tissue culture plants have been certified under NCS-
significant provision of Rs. 55.45 lakhs towards gratuity TCP. This gross certified volume covers approximate
liability consequent upon amendment in the Payment of 62000 hectare area. It is also significant to note that no
Gratuity Act, 1972. major virus outbreak has been reported in tissue culture
10
plantations since the launch of NCS-TCP. Due to Your company continued to provide techno-legal
efforts made by your company in efficiently managing services for management of DBT supported School
this programme, DBT has extended the tenure of NCS- of International Biodesign Programme (SIB) which is
TCP Management Cell at BCIL till March 31, 2020. It flagship programme of DBT implemented at AIIMS and
is also noteworthy that during the year, your company IIT Delhi in collaboration with international partners
got a dynamic NCS-TCP web-portal developed which aimed at development of innovative and affordable
will strengthen the management of this programme by medical devices. Your company has been managing
making it more robust and transparent. this programme since 2008. A new start-up company
was established during the year named M/s Inochi
The other major project of DBT managed by your Care Private Limited, Assam for further development
company during the year is “North Eastern Region and commercialisation of ‘Dual Therapy Dressing’
Biotechnology Programme Management Cell (NER- technology thereby increasing the total number of start-
BPMC)” which is aimed at holistic biotech based up companies established under SIB to 9.
development of the North Eastern Region (NER) of
India and is being managed by your company since its Your company licensed the following two technologies
inception in 2008. The NER-BPMC has proactively during the year thereby increasing the number of
launched several region specific programmes in technologies transferred under SIB to 18.
NER towards skilling of human resources, research
1. ‘Dual Therapy Dressing’ licensed to M/s. Inochi
infrastructure creation, introducing flagship R&D
Care Private Limited, Assam on August 10th, 2017.
programmes and specific network programmes targeting
local issues and development of entrepreneurship. 2. ‘Switchable Doppler Stethoscope’ licensed to M/s.
Brun Health Private Limited, Telangana on August
R&D initiatives taken include supporting 150 10th, 2017.
new projects under Twinning Programme to NER
institutions in collaboration with leading national
Your company continued to provide diligent post-
laboratories/universities; implementation of a special
transfer monitoring and hand-holding support to the
network programme on MDR-TB, scented rice of NER;
start-ups for facilitating expeditious commercial launch
propagation of disease free local Banana varieties and
of their product.
continuation of a unique programme on Chemical
Ecology of NER in collaboration with leading institutions
The year 2017-18 witnessed the commercial launch of
in Bangalore namely NCBS, IISc and UAS. A BSL-III
following two SIB products:
laboratory is also being established at Guwahati. During
the year, under the Overseas Associateship scheme, 43 1. ‘A device and system for auditory impairment
screening (Sohum)’ which was formally launched
(forty three) scientists have been selected to be trained
on July 17, 2017 in the gracious presence of Shri
in state-of-the-art subjects in reputed international
Y.S. Choudhary, the then Minister of State for
institutes/universities. NER-BPMC also selected 110
Ministry of Science and Technology & Earth
new senior secondary schools under BLiSS programme
Sciences, Government of India.
besides successfully managing existing 88 schools in
NER under BLiSS Programme. 2. ‘Removing foreign objects from a body cavity
(Noxeno)’ formally launched on December 02,
Through these efforts, researchers from NER were
2017 in the gracious presence of Dr. Harsh Vardhan,
able to publish more than 100 research papers in peer
Hon’ble Minister of Science & Technology, Ministry
reviewed journals during the year, besides presentation
of Environment, Forest and Climate Change and
of papers at national as well as international conferences.
Ministry of Earth Sciences, Government of India.
Researchers have also started filing patent applications.
These initiatives have created an environment conducive Multiple Patent applications both Indian as well as
for proactively carrying out R&D activities. International were filed during the year 2017-18 and
11
one European Patent Application, 6 Trademarks and 1 improving the effectiveness of the programmes to
Industrial Design were granted. create a greater impact in disease diagnosis and disease
management and enable vibrant biomedical research
Ms. Shivani Gupta, SIB, Fellow 2016 batch and one
environment in NER. The report has been accepted by
of the Directors of Start-up Company M/s. Inochi Care
DBT.
Private Limited, Assam was also awarded WInER
Award for Women in Entrepreneurial Research (by TiE BIOSAFETY AND BIODIVERSITY SUPPORT
& BIRAC) on Women’s Day by NASI. SERVICES
Your company continued activities for providing support
PROJECT CONSULTANCY services in biosafety and biodiversity. Your company
Your company continued to extend services for served as Project Coordination Unit for Phase II UNEP-
facilitating setting up of biotech units. Your company GEF supported Capacity Building Project on Biosafety
prepared the feasibility report for setting up of production of Ministry of Environment, Forest and Climate Change
unit for cancer therapeutics at Special Economic Zone (MoEF&CC) and Country Coordinator for “South Asia
in Gurugram for a company. In addition your company Biosafety Programme (SABP)” supported by USAID
assisted Government of West Bengal in preparation of and implemented by ILSI Research Foundation,
DPRs for setting up of biotech park and biotech hubs in Washington, USA. Under the Phase-II Capacity
Kolkata, Kalimpong and Burdwan. Building Project, your company supported MoEF&CC
in undertaking range of activities for stakeholders. Series
Your company also successfully completed a project
of 15 workshops were organized for dissemination of
on preparation of a strategy document for ‘National
knowledge products at state level in association with
Mission on Bioeconomy’ sponsored by the Institute of
state agricultural universities. Resource documents in
Bioresources and Sustainable Development (IBSD),
nine languages viz. English, Hindi, Bengali, Marathi,
Imphal.
Telugu, Tamil, Kannada, Gujarati and Punjabi were
Your company was also commissioned for carrying out provided to approximately 3000 participants that
Impact Assessment Studies. During the year, under the included scientists, researchers, students, agriculture
ongoing project ‘Online System for Student Feedback’, department officials and progressive farmers. As part
your company successfully elicited feedback from of SABP, your company organized the “5th Annual
post-graduate students of seventy DBT supported South Asia Biosafety Conference” in Bangalore, India
universities/institutes for assessing the quality of from September 11-13, 2017, in association with ILSI
teaching to provide insights to DBT for strengthening Research Foundation, MoEF&CC, DBT, National
teaching programme. Academies of Agriculture Sciences (NAAS) and
Department of Environment, Govt. of Bangladesh. 185
Your company also successfully carried out a study to
participants from 10 countries attended the conference.
assess the impact of two unique medical programmes
of DBT being implemented in NER with the key Training workshops were also organized for Institutional
objective of supporting development of medical Biosafety Officers (IBOs) under the “ICAR Program
infrastructure program and bringing together physicians on Biosafety Awareness and Compliance Readiness
& scientists to develop multidisciplinary research at a Pilot scale” for improving Institutional Capacity
programs on diseases common to the region. For these in Biosafety and Compliance Readiness in association
DBT programmes namely ‘Development/Upgrading with SABP.
Infrastructure in Medical Colleges in North Eastern
States of India’ and ‘Research Grant to support MD/ Your company has also been associated with the
MS thesis in Medical Colleges in North Eastern States Genetic Engineering Appraisal Committee (GEAC),
of India’, your company examined and assessed the MoEF&CC in launching e-Application system for
outcomes vis-à-vis stated objectives, identified gaps ease of doing business on their new GEAC website i.e.
and made recommendations for strengthening and http://geacindia.gov.in.
12
Your company continued to provide support services feasibility to IIT Madras, IIT Kanpur, ICMR and RCB.
for the project “Centre for Biodiversity Policy and Law Your company facilitated the licensing of technology
(CEBPOL)” for Norwegian Environment Agency and entitled “A polyherbal formulation for Genital microbial
NBA. In addition, a study was initiated on assessing the pathogens” developed by M/s Talwar Research
disclosure of source of biological materials in Indian Foundation, New Delhi in June 2017 to M/s Bipha Drug
patents granted from 2013 to July, 2017 for NBA under Laboratories (Pvt.) Ltd, Kottayam. In 2017-18, your
company was empanelled with BIRAC as Technology
CEBPOL.
Transfer firm and MoUs with IIT Roorkee and BIRAC
Your company continued the preparation and circulation were executed for providing them Technology Transfer
of newsletter in the area of biosafety and biodiversity Services.
including Biosafety Newsletter for MoEF&CC,
SABP Newsletter for ILSI Research Foundation and HUMAN RESOURCE DEVELOPMENT
Biodiversity Matters for NBA. Your company is pleased to inform that under the area
of Human Resource Development, your company
Considering the need of diversifying into new
coordinated the prestigious “DBT-JRF” programme.
areas, your company submitted a proposal to United
This programme aims at providing fellowships
Nations Development Programme (UNDP) for
to biotechnology students interested in pursuing
organization of ‘Regional and National Consultations research in institutes/universities across the country.
on Mainstreaming Biodiversity’ and was successful in The candidates were selected based on an online test
receiving the sanction. The project is presently under “Biotechnology Eligibility Test (BET)”. Presently,
implementation and five regional workshops have been more than 850 students are pursuing Ph.D. at 220
organized during the year. universities/institutes, under the programme.
The workshops organized with the support from
MoEF&CC, National Biodiversity Authority (NBA), This year, your company was also awarded the
Bioinformatics National Certification (BINC)
UNDP and in association with the host State Biodiversity
programme to identify and certify bioinformatics
Boards aimed at sensitization of concerned stakeholders
and creating awareness on National Biodiversity Action professionals to improve their employment
Plan (NBAP) and National Biodiversity Targets (NBTs), opportunities. The successful post-graduate candidates
as well as for seeking inputs for preparation of India’s are also eligible for availing Junior Research Fellowship
sixth National Report to the Convention on Biological (JRF) for pursuing research and/or Ph.D. in Indian
Diversity (CBD). Institutes/Universities. Your company carried out a
three tier selection process for identifying successful
INTELLECTUAL PROPERTY MANAGEMENT candidates consisting of an online test with objective
AND TECHNOLOGY TRANSFER SERVICES type multiple choice questions followed by a theory
paper and practicals.
During the year, your company continued to undertake
IP assignments for Indian biotech industry, research Your company continued to coordinate the “Biotech
institutes, universities and government agencies. These
Industrial Training Programme (BITP)” which is
covered IP due diligence, freedom to operate searches,
aimed at providing practical industrial exposure for
prior art searches, patent drafting and filing, trademark,
six months to biotechnology and bioinformatics
design and copyright related advisory and filing.
students and in the process helping industry to identify
Under the technology transfer initiatives, your company prospective manpower. BITP also included a separate
continued to provide technology transfer services training programme for students of north eastern states.
including technology evaluation for commercial This year 854 trainees were placed in 171 biotech and
13
bioinformatics companies all over India. Your company ENTREPRENEURSHIP DEVELOPMENT

has been able to elicit encouraging response from the During the year, your company took a number of
stakeholders as evidenced from increasing participation initiatives in the important area of entrepreneurship
from universities and companies particularly innovative development. Your company assisted the Indian
start-ups and medium scale companies which has Institute of Technology, Kanpur for promotion of
resulted in significant improvement in the quality their Bio-incubator. Your company helped the Bio-
of training imparted to the students. Your company incubator attract incubates for its facility by organizing
arranged training in diverse areas such as clinical trials, bioentrepreneurship boot-camp and hackathon,
contract manufacturing, management of Intellectual organizing roadshows at other research institutions/
Property etc which offer good career opportunities. universities and also provided advisory services for
The programme is gaining popularity among biotech promoting the facility.
engineers as well. About 33% of trainees were able to
find job placements following training under BITP. Your company was also engaged for the promotion
of the Technology Business Incubator (TBI) of
Your company has been recently awarded the management
CSIR – Indian Institute of Integrative Medicine
of DBT- Conference, Travel, Exhibition, Popular
(IIIM), Jammu. Your company assisted IIIM-TBI in
Lecture (CTEP) programme. Under this programme,
preparing a comprehensive strategy for promoting
DBT provides financial assistance towards organizing
its facility, designed advertising material, created
Conference/ Seminar/ Symposium/ Workshop and Travel
awareness through mailers, advertisements and social
support to researchers for presenting their papers in
media, facilitated TBI’s participation in tradeshows
international conferences, organising stalls in exhibitions,
and exhibitions and in organizing skill development
organising popular lectures etc. The programme is being
programmes for optimal utilization of its facility.
implemented by your company through a dynamic online
software programme which enables efficient management
Your company was commissioned by the National
of various activities such as registration of applicants,
Academy of Sciences, India (NASI) to prepare a
verification of documents, scrutinizing of proposals,
publication documenting, the success stories of young
coordination of meetings, processing of applications etc.
biotechnology entrepreneurs in the country. The
During the year, your company successfully organized publication – ‘Trailblazers – Mapping the Journey
four training programmes under “Comprehensive of Young Bioentrepreneurs’ was released by Shri C.
Capacity Building Programme on Commercial Micro- Vidyasagar Rao, Governor of Maharashtra and other
eminent dignitaries during 87th Annual Session of
propagation in Africa’ with financial support from
NASI and Symposium at University of Pune on 8th
the Ministry of External Affairs (MEA) under the
December, 2017. The book highlights the success
third India Africa Forum Summit (IAFS-III). The
stories of 65 entrepreneurs working on biotechnology
programme witnessed training of 94 candidates from innovations in areas such as therapeutics, biomedical
twenty African countries. The programme focused devices, nutrition, tissue culture, biofertilizers, etc.
on providing hands-on training in commercial tissue and is an important resource document for inspiring
culture, virus indexing and genetic fidelity testing of prospective entrepreneurs and providing them valuable
tissue culture plants. The training earned appreciation information for starting & building their own businesses
from candidates as well as from MEA. This project is in biotechnology.
expected to contribute significantly in strengthening Your company also organised a workshop on
the African plant tissue culture industry sector. During “Bioentrepreneurship Development” on February 27,
current financial year, your company plans to train 2018 at New Delhi. Shri Amitabh Kant, CEO, NITI
another 100 African candidates in different categories Aayog delivered the special address on the potential
such as scientists, laboratory staff, production manager, of biotechnology and the role of bioentreprenerurs in
students and progressive growers. realizing the huge unexploited potential. A resource
14
book on “Bioentrepreneurship Development” prepared explore business opportunities with other government
by your company was also released by Shri Kant during departments and non-government organization. In
the said workshop. The objective of the programme addition, your company would proactively work
was to create awareness about the various aspects towards diversifying into newer areas by establishing
of entrepreneurship including identifying business strategic linkages with organizations and experts
opportunities, developing business plan, different offering complimentary expertise. Your company will
models of commercialization, funding opportunities,
continue to enhance the skill base of existing personnel
brand building, intellectual property management,
and also engage suitable professionals in line with the
accessing markets, etc. The programme aimed to
company’s future strategy.
inspire the budding entrepreneurs by educating them
about the pathway to set up their own enterprise as RESOURCES
well as assist the existing entrepreneurs in taking Your company’s finances were based on income
forward their ventures. Success stories and case studies generated from its existing resources and operations.
of successful bioentrepreneurs were also presented during There was no increase in the share capital and no funds
the programme. More than 200 participants from Biotech
were borrowed during the year. As desired by the
Industry and Research Institutions participated in the
institutional shareholders, most of the shares have been
event.
dematerialized through M/s Sky Line Services Pvt.
CLINICAL TRIAL MANAGEMENT Ltd., New Delhi as registrars. The shares are held in
SERVICES electronic form with the National Securities Depository
During the year, your company introduced a new service Limited (NSDL).
towards Clinical Trial Management aimed at supporting AUDITORS’ REPORT
research institutes, industry and universities engaged in drug
Observations of the Auditors read together with relevant
development. Your company secured its very first project
notes to accounts are self-explanatory and therefore no
under this category of services involving “Management
further clarification is required.
of Phase III clinical trial of three single dose treatment
regimens of Fungisome for Visceral Leishmaniasis (VL) in PERSONNEL
India” from M/s Lifecare Innovations Pvt. Ltd. Gurugram. Employees were deputed for training programmes,
The study is being undertaken in a timeline based manner seminars and workshops to enhance their exposure,
and the patient recruitment has already started in March expertise and participation skills. No employee
2018. Your company is actively exploring new project received remuneration exceeding the limits prescribed
opportunities from research institutes engaged in drug under Rule 5(2) of the Companies (Appointment and
discovery. Remuneration of Managerial Personnel) Rules 2014.
INFORMATION SERVICES CONSERVATION OF ENERGY,
As a part of the Distributed Information Sub-Center TECHNOLOGY ABSORPTION
(DISC) of DBT, your company provided value Your company is a service organization and is not
added information services to the stakeholders. The engaged in any direct manufacturing activity. Therefore,
members of Biotechnology Club of your company conservation of energy and technology absorption are
consisting of industry, research institutions, universities not under the purview of its activities.
and individuals were kept abreast with the latest
developments in biotechnology through regular FOREIGN EXCHANGE EARNINGS AND
information updates and newsletters. OUTGO
FUTURE STRATEGY Your company earned Rs. 75.37 lakhs in foreign
Your company will continue to expand the scope of currency towards consultancy fee and spent Rs. 1.70
services under its existing operational areas and would lakhs in foreign currency.
15
AUDITORS April 26, 2018 following withdrawal of nomination by

The appointment of M/s Surendra Subhash & Company, IFCI Limited. The Board placed on record deep and
Chartered Accountants, New Delhi, is subject to sincere appreciation for the contributions made by Shri
ratification at the ensuing Annual General Meeting. Rajeev Kumar and Shri Vijay Pal during their tenure as
They have furnished a certificate mentioning that they Directors of the company.
are eligible for the appointment and are not disqualified Considering that Dr. Purnima Sharma has diversified the
for the appointment under the Companies Act, 2013,
activities of your company into different areas including
the Chartered Accountant Act, 1949 and the rules and
international projects and outstanding performance of
regulations made thereunder. Their appointment is as
Dr. Purnima Sharma, the Board in its 116th meeting
per the term provided under the Act and is within the
limits laid down by or under the authority of the Act. held on March 26, 2018 has approved reappointment
of Dr. Purnima Sharma as Managing Director of the
Your Directors recommend ratification of their company with effect from May 23, 2018 for a period
appointment to hold office from the conclusion of this of five years with two advance increments. The Board
Annual General Meeting until the conclusion of next
in its meeting held on June 04, 2018 had approved the
Annual General Meeting to be held after this meeting.
terms and conditions of reappointment of Dr. Purnima
Sharma as Managing Director of the company with
INTERNAL FINANCIAL CONTROLS effect from May 23, 2018 for a period of five years.
The company has in place well defined and adequate The Board also approved the payment of remuneration
internal controls commensurate with the size of the to the Managing Director as per Schedule V of the Act
company and the same were operating effectively for the period April 01, 2018 to March 31, 2021. The
throughout the year. resolutions for reappointment and remuneration of
Dr. Purnima Sharma are placed in the agenda item for
DIRECTORS approval of the Members.
In accordance with the relevant provisions of the
Articles of Association of the company and provisions EXTRACT OF ANNUAL RETURN
of Companies Act, 2013, Dr. V P Kamboj (DIN- An extract of Annual Return pursuant to Section 92(3)
00186440) and Dr. Manju Sharma (DIN- 01265049), of the Companies Act, 2013 and Rule 12(1) of the
Directors retiring by rotation at the forthcoming Annual Companies (Management and Administration) Rules
General Meeting and being eligible, offer themselves 2014 is given at Annex 1 and forms part of Directors’
for reappointment. Report.
Shri S G Nadkarni (DIN-03401830), Chief General PARTICULARS OF CONTRACTS OR

Manager, IDBI Bank Limited and Nominee Director, ARRANGEMENTS WITH RELATED
IDBI Bank Limited was inducted as Director by the PARTIES
Board on September 15, 2017. A declaration has All contracts / arrangements / transactions entered by
been received from Shri S G Nadkarni that he is not the company during the financial year with related
disqualified to become a Director under the Companies
parties were in the ordinary course of business and on
Act, 2013.
an arm’s length basis. None of the transactions with any
During the year, Shri Rajeev Kumar, CGM, IDBI Bank of related parties were in conflict with the company’s
Limited and Nominee Director, IDBI Bank Limited interest.
ceased to be Director following nomination by IDBI
Bank Limited of Shri S G Nadkarni. Shri Vijay Pal, The company’s major related party transactions were
General Manager, IFCI Limited and Nominee Director, with IDBI Bank Limited who has invested 27.93% in
IFCI Limited ceased to be Director with effect from the capital of the company. The particulars of contracts
16
or arrangements with related parties referred to in sub- MEETINGS OF THE BOARD & ITS
section (1) of section 188 in the Form AOC-2 is given at COMMITTTEES
Annex 2 and forms part of Directors’ Report. Four meetings of the Board were held during the year
Your Directors draw attention of the members to the on June 28, 2017, September 15, 2017, December 22,
Note 20.3b of the financial statement which sets out 2017 and March 26, 2018. Attendances of the Directors
during these meetings are given below:
related party disclosures.
Name of the Board Meeting No. and Date No. of Board No. of Board Attendance
Director meeting held meeting (%)
during tenure attended
113 114 115 116
28-06-17 15-09-17 22-12-17 26-03-18
Dr. V. P. Kamboj Yes Yes Yes Yes 4 4 100%
Dr. Bindu Dey Yes No No Yes 4 2 50%
Shri Rajeev No NA NA NA 1 0 0%
Kumar *
Shri S G NA Yes No Yes 3 2 67%
Nadkarni**
Shri Vijay Pal Yes No Yes No 4 2 50%
Dr. A K Rawat No Yes Yes Yes 4 3 75%
Dr. (Mrs.) Manju Yes Yes Yes Yes 4 4 100%
Sharma
Dr. N K Singh Yes Yes No Yes 4 3 75%
Shri P. R. Suresh Yes Yes Yes No 4 3 75%
Dr. Ram A No Yes Yes No 4 2 50%
Vishwakarma
Dr. Purnima Yes Yes Yes Yes 4 4 100%

Sharma
* Ceased to be director wef 20-07-2017

** Joined the Board wef 15-09-2017
Two meetings of the Financial Advisory Committee of the Board were held during the year on June 27, 2017 and
December 21, 2017. Attendances of the Directors during these meeting are given below:
Name of the Director Meeting No. and No. of meeting held No. of meeting Attendance (%)
Date during tenure attended
7 8
27-06-17 21-12-17
Shri P. R. Suresh Yes Yes 2 2 100%
Shri Rajeev Kumar * No NA 1 0 0%
Shri S G Nadkarni** NA No 1 0 0%
Shri Vijay Pal*** Yes Yes 2 2 100%
Dr. Purnima Sharma Yes Yes 2 2 100%
* Ceased to be Member of the Committee of Board wef 20-07-2017

** Joined the Committee of Board wef 15-09-2017
*** Ceased to be Member of the Committee of the Board wef 26-03-2018
17
CORPORATE SOCIAL RESPONSIBILITY applicable accounting standards had been followed

The provisions of Section 135 of the Companies Act, along with proper explanation relating to material
2013 read with the Companies (Corporate Social departures;
Responsibility Policy) Rules 2014 were not applicable 2) that the directors had selected such accounting
to the company. policies and applied them consistently and made
judgements and estimates that are reasonable and
SUBSIDIARIES, JOINT VENTURES AND
prudent so as to give a true and fair view of the state
ASSOCIATE COMPANIES
of affairs of the company at the end of the financial
During the year under review, no companies had year 2017-2018 and of the profit and loss of the
become or ceased to be company’s subsidiaries, joint company for that period;
ventures or associate companies.
3) that the directors had taken proper and sufficient
PARTICULARS OF LOANS GIVEN, care for the maintenance of adequate accounting
INVESTMENTS MADE, GUARANTEES records in accordance with the provisions of this
GIVEN AND SECURITIES PROVIDED Act for safeguarding the assets of the company
During the year under review, the above said clause was and for preventing and detecting fraud and other
not applicable to the company. irregularities;
GENERAL 4) that the directors prepared the annual accounts on a

going concern basis;
Your Directors state that no disclosure or reporting is
required in respect of the following items as there were 5) that the directors had devised proper systems
no transactions on these items during the year under to ensure compliance with the provisions of
review: all applicable laws and that such systems were
1. Details relating to deposits covered under Chapter adequate and operating effectively.
V of the Act.
2. Issue of equity shares with differential rights as to ACKNOWLEDGEMENTS
dividend, voting or otherwise.
Your Directors wish to express their gratitude to the
3. Issue of shares (including sweat equity shares) to DBT for technical and financial support extended to
employees of the company under any scheme.
your company. They also wish to thank the laboratories
4. The Managing Director nor the Whole-time who have been the sources of technologies, various other
Directors of the company received any remuneration
or commission from any of its subsidiaries. Central and State Government departments, agencies
and international sponsors including MoEF&CC,
5. No significant or material orders were passed by the
Regulators or Courts or Tribunals which impact the MOA, MEA, MSME, BIRAC, UNDP, UNIDO, UNEP,
going concern status and company’s operations in ILSI Research Foundation, DST, DSIR, ICAR, ICMR,
future. CSIR, TDB, the financial institutions including IDBI,
Your Directors further state that during the year IFCI, ICICI Bank, IFCIVCL and SUUTI for their
under review, no cases were filed under the “Sexual continued support and guidance and all the company’s
Harassment of Women at Workplace (Prevention, clients for the opportunity to serve them. Your Directors
Prohibition and Redressal) Act, 2013”. also place on record their appreciation of the devoted
services rendered by the employees of the company.
DIRECTORS’ RESPONSIBILITY For and on behalf of the Board of Directors

STATEMENT
Your Directors confirm:
Date: 04.06.2018 (V.P. Kamboj)
1) that in the preparation of annual accounts, the Place: New Delhi Chairman
18
Annex 1
EXTRACT OF ANNUAL RETURN
as on the financial year ended on 31.3.2018
[Pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and
Administration) Rules, 2014]
I. REGISTRATION AND OTHER DETAILS:
i) CIN U73100DL1990PLC041486
ii) Registration Date 14/09/1990
iii) Name of the Company Biotech Consortium India Limited (BCIL)
iv) Category / Sub-Category of the Company Public Limited Company
v) Address of the Registered office and contact details 5th Floor, Anuvrat Bhawan, 210, Deen Dayal Upadhyaya Marg,
New Delhi-110002, Tel: 91-11-23219064-67, Fax No. 91-11-
23219063 Email: info.bcil@nic.in, Website: www.bcil.nic.in
vi) Whether listed company No
vii) Name, Address and Contact details of Registrar and Transfer Skyline Financial Services Pvt. Ltd.
Agent D-153A, First Floor, Okhla Industrial Area, Phase-1,
New Delhi-110020
Tel: 91-11-26812682-83
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Sl. Name and Description of main products / services NIC Code of the Product/ % to total turnover of the
No. service company
1. Consultancy in biotechnology NA 83%
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES -

Sl. NAME AND ADDRESS OF THE COMPANY CIN/GLN HOLDING/ % of Applicable
N0 SUBSIDIARY/ shares Section
ASSOCIATE held
1 IDBI Bank Limited, IDBI Tower, WTC Complex, L65190MH2004GOI148838 Associate 27.93* Section 2(6) of
Cuffe Parade, Colaba, Mumbai-400005 Companies Act,
2013
* Shares held by IDBI Bank Ltd. in BCIL
19
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
i) Category-wise Share Holding
Category of Shareholders No. of Shares held at the beginning of the No. of Shares held at the end of the year %
year Change
during
the year
Demat Physical Total % of Demat Physical Total % of
Total Total
Shar es Shar es
A. Promoters
(1) Indian
a) Individual/ HUF --- --- --- --- --- --- --- --- ---
b) Central Govt --- --- --- --- --- --- --- --- ---
c) State Govt (s) --- --- --- --- --- --- --- --- ---
d) Bodies Corp. --- --- --- --- --- --- --- --- ---
e) Banks / FI 30,00,005 10,00,002 40,00,007 74.48 30,00,005 10,00,002 40,00,007 74.48 ---
f) Any Other…. --- --- --- --- --- --- --- --- ---
Sub-total (A) (1) 30,00,005 10,00,002 40,00,007 74.48 30,00,005 10,00,002 40,00,007 74.48 ---
(2) Foreign
a) NRIs - Individuals --- --- --- --- --- --- --- --- ---
b) Other – Individuals --- --- --- --- --- --- --- --- ---
c) Bodies Corp. --- --- --- --- --- --- --- --- ---
d) Banks / FI --- --- --- --- --- --- --- --- ---
e) Any Other…. --- --- --- --- --- --- --- --- ---
Sub-total (A) (2) --- --- --- --- --- --- --- --- ---
Total shareholding of 30,00,005 10,00,002 40,00,007 74.48 30,00,005 10,00,002 40,00,007 74.48 ---
promoters (A)= (A) (1)
+ (A) (2)
B Public shareholding
1. Institutions
a) Mutual Funds --- --- --- --- --- --- --- --- ---
b) Banks / FI --- --- --- --- --- --- --- --- ---
c) Central Govt --- --- --- --- --- --- --- --- ---
d) State Govt (s) --- --- --- --- --- --- --- --- ---
e) Venture Capital Funds --- --- --- --- --- --- --- --- ---
f) Insurance Companies --- --- --- --- --- --- --- --- ---
g) FIIs --- --- --- --- --- --- --- --- ---
h) Foreign Venture Capital --- --- --- --- --- --- --- --- ---
Funds
i) Others (specify) --- --- --- --- --- --- --- --- ---
Sub-total (B) (1) --- --- --- --- --- --- --- --- ---
2. Non- Institutions
a) Bodies Corp.
i) Indian 3,00,000 10,60,000 13,60,000 25.33 3,00,000 10,60,000 13,60,000 25.33 ---
ii) Overseas --- --- --- --- --- --- --- --- ---
b) Individuals --- --- --- --- --- --- --- --- ---
20
Category of Shareholders No. of Shares held at the beginning of the No. of Shares held at the end of the year %
year Change
during
the year
Demat Physical Total % of Demat Physical Total % of
Total Total
Shar es Shar es
i) Individual shareholders --- 20 20 --- --- 20 20 --- ---
holding nominal share
capital upto Rs. 1 lakh
ii) Individual shareholders --- --- --- --- --- --- --- --- ---
holding nominal share
capital in excess of Rs 1
lakh
c) Others --- 10,000 10,000 0.19 --- 10,000 10,000 0.19 ---
Sub-total (B) (2) 3,00,000 10,70,020 13,70,020 25.52 3,00,000 10,70,020 13,70,020 25.52 ---
Total Public 3,00,000 10,70,020 13,70,020 25.52 3,00,000 10,70,020 13,70,020 25.52 ---
Shareholding (B)=(B)
(1)+ (B)(2)
C. Shares held by --- --- --- --- --- --- --- --- ---
Custodian for GDRs &
ADRs
Grand Total (A+B+C) 33,00,005 20,70,022 53,70,027 100 33,00,005 20,70,022 53,70,027 100 ---
(ii) Shareholding of Promoters

Sl. Shareholder’s Name Share holding at the beginning of the Share holding at the end of the year
No. year
No. of %of total %of Shares No. of %of total %of Shares %
Shares Shares Pledged/ Shares Shares Pledged/ change
of the encumbered of the encumbered in share
company to total company to total holding
shares shares during
the year
1. IDBI Bank Limited 15,00,004 27.93 NA 15,00,004 27.93 NA ---
2. IFCI Limited 10,00,001 18.62 NA 10,00,001 18.62 NA ---
3. ICICI Bank Ltd. 1 -- NA 1 -- NA ---
4. IDBI Trusteeship Services 10,00,000 18.62 NA 10,00,000 18.62 NA ---
Limited (ICICI Strategic
Investments Fund)
5. IFCI Venture Capital Funds Ltd. 2,00,001 3.72 NA 2,00,001 3.72 NA ---
6. Administrator of the Specified 3,00,000 5.59 NA 3,00,000 5.59 NA ---

Undertaking of the Unit Trust
of India
Total 40,00,007 74.48 40,00,007 74.48
21
(iii) Change in Promoters’ Shareholding (please specify, if there is no change)

Sl. Particulars Shareholding at the Cumulative Share holding
No. beginning of the year during the year
No. of shares % of total No. of shares % of total
shares of the shares of the
company company
1. At the beginning of the year 40,00,007 74.48 40,00,007 74.48
2. Date wise Increase / Decrease in Promoters Share holding --- --- --- ---
during the year
3 At the end of the year 40,00,007 74.48 40,00,007 74.48
(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):
Sl. Particulars Shareholding at the Cumulative Shareholding during
No. beginning of the year the year
For Each of the Top 10 Shareholders No. of shares % of total No. of shares % of total shares
shares of the of the company
company
1 At the beginning of the year 6,50,000 12.09 6,50,000 12.09
2. Date wise Increase / Decrease in Share holding during the --- --- --- ---
year
3. At the End of the year ( or on the date of separation, if 6,50,000 12.09 6,50,000 12.09
separated during the year)
(v) Shareholding of Directors and Key Managerial Personnel:

Sl. Particulars Share holding at the Cumulative Share holding during
No. beginning of the year the year
For Each of the Directors and KMP No. of shares % of total No. of shares % of total shares
shares of the of the company
company
1. At the beginning of the year 10 --- 10 ---
2. Date wise Increase / Decrease in Share holding during the --- --- --- ---
year
3. At the End of the year 10 --- 10 ---
22
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Secured Loans Unsecured Deposits Total
excluding Loans Indebtedness
deposits
Indebtedness at the beginning of the financial year
i) Principal Amount --- --- --- ---
ii) Interest due but not paid --- --- --- ---
iii) Interest accrued but not due --- --- --- ---
Total (i+ii+iii) --- --- --- ---
Change in Indebtedness during the financial year
• Addition --- --- --- ---
• Reduction --- --- --- ---
Net Change --- --- --- ---
Indebtedness at the end of the financial year
i) Principal Amount --- --- --- ---
ii) Interest due but not paid --- --- --- ---
iii) Interest accrued but not due --- --- --- ---
Total (i+ii+iii) --- --- --- ---
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:
Sl. Particulars of Remuneration Name of Total Amount
No. MD/WTD/Manager
Dr. Purnima Sharma
1. Gross salary Rs. in lacs Rs. in lacs
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 36.85 36.85
1961
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 0.46 0.46
(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961 --- ---
2. Stock Option --- ---
3. Sweat Equity --- ---
4. Commission --- ---
- as % of profit
- others, specify…
5. Others, please specify --- ---
Total (A) 37.31 37.31
Ceiling as per the Act 84.00 84.00
23
B. Remuneration to other directors: Rs. in Lacs

Sl. Particulars of Remuneration Name of Directors Total
No. Amount
1. Independent Directors
• Fee for attending board committee meetings ----- ---- ---- ---- ----
• Commission ----- ---- ---- ---- ----
• Others, please specify ----- ---- ---- ---- ----
Total(1) ----- ---- ---- ---- ----
2. Other Non - Executive Directors
• Fee for attending board committee meetings 1.37
• Commission --
• Others, please specify --
Total (2) 1.37
Total (B) = (1+2) 1.37
Total Managerial Remuneration Rs. 38.68
Overall Ceiling as per the Act Rs. 84.00 lacs for Managing Director and Rs. 1.00 lacs per
meeting for non executive director.
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD Rs. in Lacs

Sl. Particulars of Remuneration Key Managerial Personnel
no.
CEO Company CFO Total
Secretary
1. Gross salary
(a) Salary as per provisions contained in section 17(1) of the ----- 18.94 ----- 18.94
Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) of Income-tax Act,1961 ----- 0.15 ----- 0.15
(c) Profits in lieu of salaryundersection17(3)Income-taxAct,1961 ----- ----- ----- -----
2. Stock Option ----- ---- ---- ----
3. Sweat Equity ----- ---- ---- ----
4. Commission - as % of profit -others, specify… ----- ---- ---- ----
5. Others, please specify ----- ---- ---- ----
Total ----- 19.09 ---- 19.09
24
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type Section of the Brief Details of Authority Appeal made,
Companies Description Penalty/ [RD/NCLT/ if any (give
Act Punishment/ COURT] details)
Compounding
fees imposed
A. COMPANY
Penalty ----- ---- ---- --- -----
Punishment ----- ---- ---- --- -----
Compounding ----- ---- ---- --- -----
B. DIRECTORS
Penalty ----- ---- ---- --- -----
Punishment ----- ---- ---- --- -----
Compounding ----- ---- ---- --- -----
C. OTHER OFFICERS IN DEFAULT
Penalty ----- ---- ---- --- -----
Punishment ----- ---- ---- --- -----
Compounding ----- ---- ---- --- -----
25
Annex. 2
AOC-2
(Pursuant to Clause (h) of Sub-Section (3) of Section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)
Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred
to in Sub- Section (1) of Section 188 of the Companies Act, 2013 including certain arms length transactions under third
proviso there to
i. Details of contracts or arrangements or transactions not at arm’s length basis
S. Name of Nature of Duration of Salient terms of Justification Date of Amount Date on which
N. the related contracts/ the contracts the contracts or for entering approval paid as the special
party and arrangements / arrange- arrangements into such by the advances, if resolution
nature of /transactions ments or transactions contracts or Board any: was passed
relationship /transactions including the arrangements in general
value, if any or transactions meeting as
required under
first proviso to
Section 188
NIL
ii. Details of material contracts or arrangement or transactions at arm’s length basis

S.N. Name of the related Nature of contracts/ Duration of Salient terms of Date(s) of Amount
party and nature of arrangements/ the contracts / the contracts or approval by paid as
relationship transactions arrangements/ arrangements the Board, if advances, if
transactions or transactions any: any:
including the
value, if any:
1. Dr. Purnima Sharma Payment of salaries N.A. N.A. N.A. N.A.
Sh. Mukesh Gupta
KMPs
2. IDBI Bank Limited Banking transactions: N.A. N.A. N.A. N.A.
Associate Company Three current accounts
and term deposits
26
INDEPENDENT AUDITORS’ REPORT
To the Members of In conducting our Audit we have taken into account

the provisions of the Act, the accounting and auditing
Biotech Consortium India Limited standards and matters which are required to be included
in the audit report under the provisions of the Act and
Report on the Financial Statements the Rules made thereunder and the order issued under
We have audited the accompanying financial statements section 143(11) of the Act.
of Biotech Consortium India Limited (“the company”), We have conducted our audit in accordance with the
which comprise the Balance Sheet as at March 31, Standards on Auditing specified under Section 143(10)
2018, the Statement of Profit and Loss, the statement of of the Act. Those Standards require that we comply with
change in equity, the Cash Flow Statement for the year ethical requirements and plan and perform the audit to
then ended and a summary of significant accounting obtain reasonable assurance about whether the financial
policies and other explanatory information. statements are free from material misstatements.
Management’s Responsibility for the Financial An audit involves performing procedures to obtain
Statements audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend
The company’s management and Board of Directors
on the auditor’s judgement, including the assessment
are responsible for the matters stated in Section 134(5)
of the risks of material misstatement of the financial
of the Companies Act, 2013 (“the Act”) with respect to
statements, whether due to fraud or error. In making
the preparation of these financial statements that give
those risk assessments, the auditor considers internal
a true and fair view of the financial position, financial control relevant to the company’s preparation and
performance and cash flows of the company in accordance fair presentation of the financial statements in order
with the accounting principles generally accepted in India to design audit procedures that are appropriate in the
including the Accounting Standards specified under circumstances.An audit also includes evaluating the
Section 133 of the Act read with Rule 7 of the Companies appropriateness of accounting policies used and the
(Accounts) Rules, 2014. This responsibility also includes reasonableness of the accounting estimates made
maintenance of adequate accounting records in accordance by Management, as well as evaluating the overall
with the provisions of the Act for safeguarding the assets of presentation of the financial statements.
the company and for preventing and detecting frauds and We believe that the audit evidence, we have obtained
other irregularities; selection and application of appropriate is sufficient and appropriate to provide a basis for our
accounting policies; making judgments and estimates that audit opinion on the financial statements.
are reasonable and prudent and design, implementation
and maintenance of adequate internal financial controls, Opinion
that were operating effectively for ensuring the accuracy In our opinion and to the best of our information and
and completeness of the accounting records, relevant to according to the explanations given to us, the aforesaid
the preparation and presentation of the financial statements financial statements give the information required by
that give a true and fair view and are free from material the Act in the manner so required and give a true and
misstatement, whether due to fraud or error. fair view in conformity with the accounting principles
Auditors’ Responsibility generally accepted in India, of the state of affairs of
the Company as at March 31, 2018, and its profit,the
Our responsibility is to express an opinion on these changes in equity and its cash flows for the year ended
financial statements based on our audit. on that date.
27
Report on Other Legal and Regulatory Requirements f) With respect to the adequacy of the internal financial
controls over financial reporting of the Company and
1. As required by the Companies (Auditor’s Report)
Order, 2016 (“the Order”) issued by the Ministry the operating effectiveness of such controls, refer to
of Corporate Affairs in terms of sub-section (11) of our separate Report in “Annexure B”.
Section 143 of the Act, we give in the Annexure A
a statement on the matters specified in paragraphs g) With respect to the other matters to be included in
3 and 4 of the Order, to the extent applicable to the the Auditor’s Report in accordance with Rule 11 of
company. the Companies(Audit and Auditors) Rules, 2014, in
2. As required by Section 143(3) of the Act, we report our opinion and to the best of our information and
that: according to the explanations given to us:
a) We have sought and obtained all the information and
(i) The company has disclosed the impact of
explanations which to the best of our knowledge and
pending litigations on its financial position in
belief were necessary for the purpose of our audit;
its financial statements.
b) In our opinion, proper books of account as required
by law have been kept by the company so far as (ii) The company has made provision, as required
appears from our examination of those books; under the applicable law or accounting
standards, formaterial foreseeable losses, if
c) The Balance Sheet and Statement of Profit and Loss any, and as required on long-term contracts
and the Cash Flow Statement dealt with by this including derivative contracts
Report are in agreement with the books of account;
(iii) There is no amount required to be transferred
d) In our opinion, the Balance Sheet,Statement of Profit to the Investor Education and Protection Fund
and Loss and the Cash Flow Statement, comply with during the year by the company.
the Accounting Standards specified under Section
133 of the Act read with Rule 7 of the Companies For Surendra Subhash & Co.
(Accounts) Rules, 2014; Chartered Accountants
e) On the basis of written representations received from FRN: 03173N
the directors as on March 31, 2018, taken on record
by the Board of Directors, none of the directors S.C. Gupta
is disqualified as on March 31, 2018, from being Place: New Delhi (Partner)
appointed as a director in terms of Section164(2) of Date: 04.06.2018 Membership No. : 83121
the Act;
28
The Annexure A referred to in paragraph 1 4. Loan, Advance, guarantees covered under section
under the heading “Report on Other Legal and 185/186 of the Companies Act , 2013
Regulatory Requirements” of our report of even The Company has not given any Loan, Advance,
date to the Members of Biotech Consortium & Guarantees to the person covered under section
India Limited on the Financial Statements of the 185 of the Companies Act, 2013.
company for the year ended 31st March, 2018
On the basis of such checks as we considered 5. Deposits
appropriate and according to the information and The Company has not accepted deposits during
explanation given to us during the course of our audit, the year and does not have any unclaimed
we report that: deposits as at March 31, 2018 and therefore, the
provisions of the clause 3 (v) of the Order are not
1. Fixed Assets applicable to the Company.
a. The company is maintaining proper records showing
full particulars, including quantitative details and 6. Cost Records
situation of fixed assets. The maintenance of cost records has not been
specified by the Central Government under
b. As explained to us, these fixed assets have been section 148(1) of the Companies Act, 2013 for the
physically verified by the management at reasonable business activities carried out by the Company.
intervals, which in our opinion is reasonable having Thus reporting under clause 3(vi) of the order is
regard to the size of the company and the nature not applicable to the Company.
of its assets. No material discrepancies between
the book records and the physical assets have been 7. Statutory Dues & Requirements
noticed on such verification. a. According to the information and explanation
c. The company does not own any immovable given to us and on the basis of our examination
property. of the books of account, the company has
generally been regular in depositing undisputed
2. Inventories statutory dues including provident fund,
The Company is in the business of providing employees’s state insurance, income tax,
Consultancy services and does not have any sales tax, goods and service tax, service tax, duty of
physical inventories. Accordingly, reporting under customs, duty of excise, value added tax, cess and
clause 3 (ii) of the Order is not applicable to the any other statutory dues during the year with the
Company. appropriate authorities.
No amount payable in respect of the statutory dues

3. Transactions with Parties covered under Section as mentioned above were outstanding as at March
189 of the Companies Act, 2013 31, 2018 for a period of more than six months from
According to the information and explanations the date they become payable.
given to us, the company has not granted any loans,
b. According to the information and explanation given
secured or unsecured to companies, firm or other
to us, there are no amounts in respect of income tax/
parties covered in the register maintained under
sales tax/ wealth tax/service tax/duty of customs/
section 189 of the Companies Act, 2013 .
duty of excise,value added tax, GST that have not
In view of the above, para (a) & (b) of the Clause been deposited with the appropriate authorities on
under reference are not applicable. account of any dispute, except the following:
29
S. Name of the Nature of dues Amount unpaid Assessment year Forum where
No. statute (Rs.) to which the dispute is
amount relates pending
1. Income Tax Demand raised u/s 115WE. 2,02,078/-* 2009-10 DCIT, Circle
Act, 1961 5(1)
2. Income Tax TDS Demand 1,87,780/-* 2008-09 to DCIT, Circle
Act, 1961 2018-19 73(1)
* Application for rectification is yet to be disposed off by the Income Tax Department.
8. The company has not taken any loans from 14. According to the records of the company, the
financial institutions or banks, government or company has not made any preferentail allotment
have no dues to debenture holders, hence this or private placement of shares fully or partly
clause is not applicable.
convertible debentures during they year under
9. The company has not raised any initial public review and hence reporting under clause 3 (xiv)
offer and also not taken any term loans during of the Order is not applicable to the Company.
the year, hence the clause is not applicable.
15. During the year, the company has not entered
10. Based upon the audit procedures performed
into any non-cash transactions with directors or
and on the basis of information and explanation
given to us by the management, we report that no persons connected with them.
fraud on or by the company has been noticed or 16. In our opinion, the company is not required to
reported during the year.
be registered under section 45 IA of the Reserve
11. Based upon the audit procedures performed and Bank of India Act, 1934 and accordingly, the
the information and explanations given by the provisions of clause 3 (xvi) of the Order are
management, the managerial remuneration has not applicable to the Company and hence not
been paid or provided in accordance with the
commented upon.
requisite approvals mandated by the provisions
of section 197 read with Schedule V to the
Companies Act
For Surendra Subhash & Co.
12. The company is not a Nidhi Company and Chartered Accountants
therefore the provisions as applicable to a Nidhi FRN: 03173N
Company are not applicable to the company.
S.C. Gupta
13. All transactions with the related parties are
Place: New Delhi (Partner)
in compliance with sections 177 and 188 of
Date: 04.06.2018 Membership No. : 83121
Companies Act, 2013
30
Annexure “B” to the Independent Auditor’s both issued by the Institute of Chartered Accountants of
Report of even date on the Financial Statements India. Those Standards and the Guidance Note require
of Biotech Consortium India Limited that we comply with ethical requirements and plan
and perform the audit to obtain reasonable assurance
Report on the Internal Financial Controls under about whether adequate internal financial controls over
Clause (i) of Sub-section 3 of Section 143 of the financial reporting was established and maintained
Companies Act, 2013 (“the Act”) and if such controls operated effectively in all material
We have audited the internal financial controls over respects.
financial reporting of Biotech Consortium India Limited
Our audit involves performing procedures to obtain audit
(“the Company”) as of March 31, 2018 in conjunction
evidence about the adequacy of the internal financial
with our audit of the financial statements of the company
controls system over financial reporting and their
for the year ended on that date.
operating effectiveness. Our audit of internal financial
controls over financial reporting included obtaining
Management’s Responsibility for Internal Financial an understanding of internal financial controls over
Controls financial reporting, assessing the risk that a material
The company’s management is responsible for weakness exists, and testing and evaluating the design
establishing and maintaining internal financial controls and operating effectiveness of internal control based
based on the internal control over financial reporting on the assessed risk. The procedures selected depend
criteria established by the company considering the on the auditor’s judgement, including the assessment
essential components of internal control stated in the of the risks of material misstatement of the financial
Guidance Note on Audit of Internal Financial Controls statements, whether due to fraud or error.
Over Financial Reporting issued by the Institute of
Chartered Accountants of India. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for
These responsibilities include the design, our audit opinion on the company’s internal financial
implementation and maintenance of adequate internal controls system over financial reporting.
financial controls that were operating effectively
for ensuring the orderly and efficient conduct of its Meaning of Internal Financial Controls Over
business, including adherence to company’s policies, Financial Reporting
the safeguarding of its assets, the prevention and
A company’s internal financial control over financial
detection of frauds and errors, the accuracy and
reporting is a process designed to provide reasonable
completeness of the accounting records, and the
assurance regarding the reliability of financial reporting
timely preparation of reliable financial information,
and the preparation of financial statements for external
as required under the Companies Act, 2013.
purposes in accordance with generally accepted
accounting principles. A company’s internal financial
Auditors’ Responsibility control over financial reporting includes those policies
Our responsibility is to express an opinion on the and procedures that (1) pertain to the maintenance of
company’s internal financial controls over financial records that, in reasonable detail, accurately and fairly
reporting based on our audit. We conducted our audit in reflect the transactions and dispositions of the assets
accordance with the Guidance Note on Audit of Internal of the company; (2) provide reasonable assurance
Financial Controls Over Financial Reporting (the that transactions are recorded as necessary to permit
“Guidance Note”) and the Standards on Auditing, issued preparation of financial statements in accordance
by ICAI and deemed to be prescribed under section with generally accepted accounting principles, and
143(10) of the Companies Act, 2013, to the extent that receipts and expenditures of the company are
applicable to an audit of internal financial controls, both being made only in accordance with authorisations of
applicable to an audit of Internal Financial Controls and, management and directors of the company; and (3)
31
provide reasonable assurance regarding prevention or Opinion

timely detection of unauthorised acquisition, use, or In our opinion, the company has, in all material respects,
disposition of the company’s assets that could have a an adequate internal financial controls system over
material effect on the financial statements. financial reporting and such internal financial controls
over financial reporting were operating effectively as
Is over Financial Reporting Inherent Limitations of at March 31, 2018, based on the internal control over
Internal Financial Controls financial reporting criteria established by the Company
Because of the inherent limitations of internal considering the essential components of internal
control stated in the Guidance Note on Audit of Internal
financial controls over financial reporting, including
Financial Controls Over Financial Reporting issued by
the possibility of collusion or improper management the Institute of Chartered Accountants of India”.
override of controls, material misstatements due to
error or fraud may occur and not be detected. Also,
projections of any evaluation of the internal financial For Surendra Subhash & Co.
controls over financial reporting to future periods are Chartered Accountants
subject to the risk that the internal financial control over FRN: 03173N
financial reporting may become inadequate because of
S.C. Gupta
changes in conditions, or that the degree of compliance
Place: New Delhi (Partner)
with the policies or procedures may deteriorate. Date: 04.06.2018 Membership No. : 83121
32
BALANCE SHEET AS AT 31ST MARCH 2018

(Rs. in lacs)
Particulars Note As at 31 As at 31
No. March, 2018 March, 2017
A EQUITY AND LIABILITIES
1 Shareholders’ Funds
a Share Capital 1 537.00 537.00
b Reserves and Surplus 2 2,091.86 1966.35
2628.86 2503.35
2 Non Current Liabilities
a Long Term Provisions 3 301.66 223.77
301.66 223.77
3 Current Liabilities
a Trade Payables 4 38.88 46.88
b Other Current Liabilities 5 4542.87 3539.03
4,581.75 3,585.91
TOTAL 7512.27 6313.03

B ASSETS
1 Non-Current Assets
a Fixed Assets
(i) Tangible Assets 6 23.87 21.57
b Non Current Investments 7 6.70 173.57
c Deferred Tax Assets (net) 20.5 41.56 28.62
d Long Term Loans and Advances 8 141.66 141.86
e Other Non Current Assets 9 164.39 150.04
378.18 515.66
2 Current Assets
a Trade Receivables 10 262.49 152.88
b Cash and Cash Equivalents 11 6865.19 5636.89
c Short Term Loans and Advances 12 6.41 7.60
7134.09 5797.37
TOTAL 7,512.27 6,313.03
See accompanying notes (1-21) forming part of the financial statements
In terms of our report attached
For Surendra Subhash & Co. For and on behalf of the Board of Directors
Chartered Accountants
FRN : 003173N
(S C Gupta) (V P Kamboj) (Purnima Sharma) (Mukesh Gupta)

Partner Chairman Managing Director AGM (Finance) & Company Secretary
M.N. 83121

Place : New Delhi
Date : 04.06.2018
33
STATEMENT OF PROFIT AND LOSS

FOR THE YEAR ENDED 31ST MARCH, 2018
(Rs. in lacs)
Note For the year For the year
Particulars No. ended ended
31 March, 2018 31 March, 2017
1 Revenue from Operations 13 808.40 734.48
2 Other Income 14 163.78 181.76
3 Total Revenue (1+2) 972.18 916.24
4 Expenses
a Employee Benefits Expense 15 507.17 420.26
b Depreciation and Amortisation Expense 6 12.93 10.98
c Depreciation on Assets Funded by Grants 6A -10.20 -7.07
d Other Expenses 16 325.52 239.05
5 Total Expenses (a to d) 835.42 663.22
6 Profit before exceptional and extraordinary items and tax (3-5) 136.76 253.02
7 Exceptional and Extraordinary items 19.5 33.34 0.00
8 Profit / (Loss) Before Tax (6+7) 170.10 253.02
9 Tax Expense:
a Current Tax Expense for Current Year 55.29 85.71
b Current Tax Expense Relating to Prior Years 1.77 0.02
c Deferred Tax -12.94 -1.20
44.12 84.53
10 Profit / (Loss) for the year (8-9) 125.98 168.49
11 Earnings per share (of Rs. 10/- each):
Basic 20.4 2.35 3.14
Diluted 2.35 3.14
See accompanying notes (1-21) forming part of the financial statements
In terms of our report attached.

FRN : 003173N

M.N. 83121

Place : New Delhi
Date : 04.06.2018
34
CASH FLOW STATEMENT FOR THE YEAR 2017-18

(Rs. in lacs)
Particulars 2017-2018 2016-2017
A CASH FLOW FROM OPERATING ACTIVITIES
Net Profit before Tax as per Statement of Profit and Loss 170.10 253.02
Adjusted for:
Depreciation / Amortisation Expenses 2.73 3.91
Dividend Income -2.93 -10.30
Interest Income -159.96 -169.95
Other non-operating income -0.89 -1.51
Non Current Liabilities 77.89 25.40
Long-Term Loans and Advances 0.20 82.00
Other Non-Current Assets -14.35 -21.74
-97.31 -92.19
Operating Profit/(Loss) before Working Capital Changes 72.79 160.83
Adjusted for:
Trade Receivables -109.61 -27.82
Short-Term Loans and Advances 1.19 8.31
Trade Payables -8.00 -57.03
Other Current Liabilities 1,003.84 1,193.08
887.42 1,116.54
Cash generated from Operations 960.21 1,277.37
Taxes paid (Net) -57.06 -85.73
Net cash flow from / (used in) operating activities (A) 903.15 1,191.64
B CASH FLOW FROM INVESTING ACTIVITIES

Purchase of fixed assets (net) -5.50 -4.39
Dividend Income 166.87 0.00
Sale of Investments 2.93 10.30
Interest Income 159.96 169.95
Other non-operating income 0.89 1.51
Net Cash generated from (Used in) Investing Activities (B) 325.15 177.37
C CASH FLOW FROM FINANCING ACTIVITIES

Net Cash generated from /(Used in) Financing 0.00 0.00
Activities (C)
Net (Decrease) in Cash and Cash Equivalents 1,228.30 1,369.01
Opening Balance of Cash and Cash Equivalents 5,636.89 4267.88
Closing Balance of Cash and Cash Equivalents 6,865.19 5,636.89

FRN : 003173N

M.N. 83121

Place : New Delhi
Date : 04.06.2018
35
NOTES FORMING PART OF THE FINANCIAL STATEMENTS

Note 1 Share Capital (Rs. in lacs)
Particulars As at 31 March, 2018 As at 31 March, 2017
Number of Rs. Number of Rs.
shares shares
(a) Authorised
Equity shares of Rs. 10 each with voting rights 1,00,00,000 1,000.00 1,00,00,000 1,000.00
(b) Issued
Equity shares of Rs.10 each with voting rights 53,70,027 537.00 53,70,027 537.00
(c) Subscribed and fully paid up

Equity shares of Rs.10 each with voting rights 53,70,027 537.00 53,70,027 537.00
Total 537.00 537.00
Particulars
Notes: (i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period:
Opening Fresh Bonus ESOP Conversion Buy back Other Closing
Balance issue changes Balance
Particulars
(give
details)
Equity shares with voting rights
Year ended 31 March, 2018
- Number of shares 53,70,027 0.00 0.00 0.00 0.00 0.00 0.00 53,70,027
- Amount (Rs. in lacs) 537.00 0.00 0.00 0.00 0.00 0.00 0.00 537.00
Year ended 31 March, 2017

- Number of shares 53,70,027 0.00 0.00 0.00 0.00 0.00 0.00 53,70,027
- Amount (Rs. in lacs) 537.00 0.00 0.00 0.00 0.00 0.00 0.00 537.00

(ii) The company has only one class of equity shares having a par value of Rs. 10 per share. Each Shareholder is eligible for one vote per
share. The dividend proposed by the Board of Directors is subject to the approval of Members except in case of interim dividend.In the
event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential
amounts, in proportion of their shareholding.
(iii) Details of shares held by each shareholder holding more than 5% shares:
Class of shares / Name of shareholder As at 31 March, 2018 As at 31 March, 2017
Number of shares % holding in that Number of shares % holding in that
held class of shares held class of shares
Equity shares with voting rights
IDBI Bank Limited 1,500,004 27.93 1,500,004 27.93
IFCI Limited 1,000,001 18.62 1,000,001 18.62
IDBI Trusteeship Services Ltd. (ICICI 10,00,000 18.62 10,00,000 18.62
Strategic Investments Fund)
Administrator of the Specified Undertaking 300,000 5.59 300,000 5.59
of the Unit Trust of India
36

Note 2 Reserves and Surplus (Rs. in lacs)
(a) Deferred Grant Account
Opening balance 14.34 12.73
Add: Additions during the year (Fixed assets purchased from the grants received 9.83 9.14
during the year)
Less: Transferred during the year including Depreciation on assets purchased out of 10.30 7.53
grants
Closing balance 13.87 14.34
(b) Surplus / (Deficit) in Statement of Profit and Loss
Opening balance 1,952.01 1,783.52
Add: Profit / (Loss) for the year 125.98 168.49
Closing balance 2,077.99 1,952.01
Total (a+b) 2,091.86 1,966.35
Note 3 Long-Term Provisions (Rs. in lacs)

Provision for employee benefits:
(i) Provision for gratuity (Refer Note 20.2.a) 185.40 123.32
(ii) Provision for leave encashment (Refer Note 20.2.b) 116.26 100.45
Total 301.66 223.77
Note 4 Trade Payables (Rs. in lacs)

Trade payables (Refer Note 19.2 ) 38.88 46.88
Total 38.88 46.88
Note 5 Other Current Liabilities (Rs. in lacs)

Other payables
(i) Statutory remittances (Contributions to PF, ESIC, GST, TDS etc.) 41.75 29.70
(ii) Project/Customer Advances 4,479.99 3,415.52
(iii) Creditors for Others 8.99 9.18
(iv) Outstanding Expenses 12.14 76.23
(v) Income Tax payable (net of TDS & Advance Tax) 0.00 8.40
Total 4,542.87 3,539.03
37

Note 6 Fixed Assets (Rs. in lacs)
Tangible Assets-Owned Gross block Accumulated depreciation and impairment Net block
Balance Additions Disposals Balance Balance Depreciation Depreciation Balance Balance Balance
as at as at as at / / as at as at as at
1 April, 31 1 April, amortisation amortisation 31 31 31
2017 March, 2017 expense for on assets March, March, March,
2018 the year disposed off 2018 2018 2017
(a) Plant & Machinery-

Data Centre Equipments* 49.14 0.00 0.10 49.05 46.66 1.02 0.00 47.69 1.36 2.48
(b) Furniture and Fixtures -
Furniture & Fixtures 36.64 0.00 0.00 36.64 33.25 0.94 0.00 34.19 2.45 3.39
Furniture & Fixtures (NCS-TCP) * 0.11 0.00 0.00 0.11 0.11 0.00 0.00 0.11 0.00 0.01
Furniture & Fixtures (UNEP-GEF) * 0.83 0.00 0.00 0.83 0.01 0.18 0.00 0.19 0.64 0.82
(c) Office Equipments -
Office Equipments (Others) 24.86 2.31 0.01 27.17 22.39 1.00 0.00 23.39 3.77 2.47
Office Equipments (BITP)* 0.82 0.00 0.00 0.82 0.81 0.00 0.00 0.81 0.01 0.01
Office Equipments (Data Centre)* 13.08 0.00 0.00 13.08 11.64 0.55 0.00 12.19 0.89 1.44
Office Equipments (IPR CELL) * 2.16 0.00 0.00 2.16 2.14 0.00 0.00 2.14 0.01 0.01
Office Equipments (NCS-TCP) * 0.49 0.00 0.00 0.49 0.46 0.00 0.00 0.46 0.02 0.02
Office Equipments (NCS Mgt. Cell) * 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Office Equipments (RCGM) * 2.49 0.00 0.00 2.49 2.32 0.04 0.00 2.36 0.12 0.16
Office Equipments (IGMORIS) * 0.32 0.00 0.00 0.32 0.30 0.00 0.00 0.30 0.02 0.02
Office Equipments (PMU under 0.50 0.00 0.00 0.50 0.48 0.00 0.00 0.48 0.02 0.02
NCS-TCP) *
Office Equipments (UNEP GEF) * 1.73 2.34 0.00 4.07 1.21 0.96 0.00 2.17 1.90 0.52
(d) Others -Computers -
Computer Systems 22.64 3.19 0.00 25.83 21.25 0.78 0.00 22.03 3.80 1.39
Computer Systems-(BITP) * 4.26 0.00 0.00 4.26 4.14 0.00 0.00 4.14 0.12 0.12
Computer Systems-(BIITP) * 0.78 0.00 0.00 0.78 0.74 0.00 0.00 0.74 0.04 0.04
Computer Systems-(BITP_NES) * 0.39 0.00 0.00 0.39 0.37 0.00 0.00 0.37 0.02 0.02
Computer Systems-(IGMORIS) * 8.37 0.00 0.00 8.37 8.15 0.06 0.00 8.21 0.16 0.22
Computer Systems-(IPR Cell) * 3.46 0.00 0.00 3.46 3.32 0.00 0.00 3.32 0.14 0.14
Computer Systems-(NCS-TCP) * 0.72 0.00 0.00 0.72 0.70 0.00 0.00 0.70 0.01 0.01
Computer Systems-(NCS Mgt. Cell) * 10.66 0.00 0.00 10.66 3.45 4.15 0.00 7.60 3.05 7.20
Computer Systems-(Placement 0.87 0.00 0.00 0.87 0.85 0.00 0.00 0.85 0.02 0.02
Project) *
Computer Systems-(PMU under 3.28 0.00 0.00 3.28 3.13 0.00 0.00 3.13 0.15 0.15
NCS-TCP) *
Computer Systems-(RCGM) * 6.26 0.00 0.00 6.26 6.14 0.00 0.00 6.14 0.11 0.11
Computer Systems-(Award 0.35 0.00 0.00 0.35 0.35 0.00 0.00 0.35 0.00 0.00
Programme) *
Computer Systems-(UNEP-GEF) * 7.55 7.49 0.00 15.04 6.79 3.24 0.00 10.03 5.01 0.76
Total 202.75 15.33 0.11 217.97 181.17 12.93 0.00 194.10 23.87 21.57
Previous year 189.69 13.60 0.54 202.75 170.21 10.98 0.00 181.17 21.57 19.48
* Above assets represents assets purchased out of grants.

38

Note 6A Fixed Assets (contd.) (Rs. in lacs)
A. Depreciation and amortisation relating to continuing operations:
Particulars For the year ended For the year ended
31 March, 2018 31 March, 2017
Depreciation and amortisation for the year on tangible assets as per Note 6 12.93 10.98
Depreciation and amortisation for the year on intangible assets as per Note 6 -10.20 -7.07
Depreciation and amortisation relating to continuing operations 2.73 3.91
39

Note 7 Non-Current Investments (Rs. in lacs)
No. of Face Cost Market No. of Face Cost of Market
Units Value of Inves- Value Units Value Inves- Value
per unit tment as on per unit tment as on
(Rs.) 31.03.18 (Rs.) 31.03.17
Other investments (At cost) (Long Term)
(a) Investment in equity instruments
1 DLF 20.00 10.00 0.19 0.04 20.00 10.00 0.19 0.02
(b) Investment in mutual funds
1 DSP BlackRock TIGER Fund 0.00 0.00 0.00 0.00 145,067.84 10.00 44.54 21.78
2 ICICI Prudential Infra Fund 50,276.52 10.00 9.83 6.66 50,276.52 10.00 9.83 5.98
3 Reliance Div. Power Sec. Fund 0.00 0.00 0.00 0.00 161,683.51 10.00 76.32 41.78
4 Kotak 50 Equity Fund 0.00 0.00 0.00 0.00 29,183.45 10.00 15.00 9.52
5 Sundaram Infrastructure Advantage 0.00 0.00 0.00 0.00 241,816.81 10.00 41.68 53.34
Fund
Total 10.02 6.70 187.56 132.42
Less: Provision for diminution in 3.32 13.99
value of investments
Total 6.70 173.57
Aggregate amount of quoted 10.02 187.56
investments
Aggregate market value of listed 6.70 132.42
and quoted investments
40

Note 8 Long-Term Loans and Advances (Rs. in lacs)
Particulars As at As at
31 March, 2018 31 March, 2017
Security Deposits (Unsecured, considered good) including earnest money of Rs. 02.00 74.15 74.15
lacs (previous year Rs. 02.00 lacs)
Loans and advances to staff (Secured, considered good) 48.14 12.76
Income Tax receivable (net of TDS and Advance Tax) for Current Year 16.63 0.00
Income Tax Refund for Previous Years 2.74 54.95
Total 141.66 141.86
Note 9 Other Non-Current Assets (Rs. in lacs)

31 March, 2018 31 March, 2017
Gratuity Fund 84.04 77.41
Leave Encashment Fund 80.35 72.63
Total 164.39 150.04
Note 10 Trade Receivables (Rs. in lacs)

31 March, 2018 31 March, 2017
Trade receivables (outstanding for a period exceeding six months from the date they
were due for payment)
Unsecured, considered good 60.87 56.32
Doubtful 0.00 0.00
60.87 56.32
Less: Provision for doubtful trade receivables 0.00 0.00
60.87 56.32
Other Trade receivables
Unsecured, considered good 201.62 96.56
Less: Provision for doubtful trade receivables 0.00 0.00
201.62 96.56
Total 262.49 152.88
41

Note 11 Cash and Cash Equivalents (Rs. in lacs)
31 March, 2018 31 March, 2017
(a) Cash in hand 3.40 2.65
(b) Balances with banks
(i) In current accounts with scheduled banks 311.34 2,623.11
(ii) In Deposit Accounts with scheduled banks (Including Term Deposits of Rs.13.13 6,480.14 2,961.53
lacs (Previous Year - Rs. 20.16 lacs) having lien in favour of HDFC Bank Limited
towards bank gurantee provided to DBT for execution of a project)
(iii) Bank deposits with more than twelve months maturity 41.06 38.59
(c) Interest accured on Fixed Deposit with banks 29.25 11.01
Total 6,865.19 5,636.89
Note 12 Short-Term Loans and Advances (Rs. in lacs)

31 March, 2018 31 March, 2017
(a) Prepaid expenses - Unsecured, considered good 4.99 4.01
(b) Balances with government authorities - Unsecured, considered good
Service Tax credit receivable/Excess Service Tax Paid 0.00 1.99
(c) Others - Unsecured, considered good
Advances to staffs 1.40 0.61
Other amount receivable 0.02 0.99
Total 6.41 7.60
42

Note 13 Revenue from Operations (Rs. in lacs)
31 March, 2018 31 March, 2017
(a) Sale of services including grant in aid received 806.21 732.29

(b) Other operating revenues 2.19 2.19
Total 808.40 734.48
Note 14 Other Income (Rs. in lacs)

31 March, 2018 31 March, 2017
(a) Interest Income (Tax deducted at source - Rs. 16.44 lacs 159.96 169.95
(Previous Year -Rs. 16.04 lacs) (Refer note no. (i) below )
Interest Income on Project Funds
Interest received (Tax deducted at source - Rs. 22.84 lacs 229.38 109.47
(Previous Year -Rs. 11.56 lacs)
Less: Amount credited to Project Funds -229.38 -109.47
(b) Dividend income from long-term investments 2.93 10.30
(c) Other non-operating income (net of expenses directly 0.89 1.51
attributable to such income) (Refer Note (ii) below)
Total 163.78 181.76

31 March, 2018 31 March, 2017
(i) Interest income comprises:
Interest from banks on deposits 140.14 163.13
Interest income from long term investments 6.92 6.82
Interest on income tax refund 12.90 0.00
Total - Interest income 159.96 169.95
(ii) Other non-operating income comprises:
Prior period items (net) (Refer Note (iii) below) 0.00 0.00
Profit on sale of assets 0.02 0.01
Miscellaneous income 0.87 1.50
Total - Other non-operating income 0.89 1.51
(iii) Details of Prior period items (net)
Prior period income 0.00 0.00
Prior period expenses 0.00 0.00
Total 0.00 0.00
43

Note 15 Employee Benefits Expense (Rs. in lacs)
31 March, 2018 31 March, 2017
Salaries and Wages 345.82 316.68
Managerial Remuneration 35.15 33.94
Lease Rent 2.06 0.87
Contributions to provident and other funds 36.99 34.73
Gratuity and Leave Encashment Expenses incurred 11.67 15.88
Provision made for Gratuity and Leave Encashment Expenses 69.30 12.78
Staff Welfare Expenses 1.41 1.16
Ex Gratia 4.77 4.22
Total 507.17 420.26
44

Note 16 Other Expenses
(Rs. in lacs)
31 March, 2018 31 March, 2017
Project Related Expenses 173.99 97.57
Technology Fees 0.44 0.76
Electricity Charges 5.79 6.10
Postage & Telecom Expenses 7.66 6.08
Books & Periodicals Expenses 0.61 0.64
Services Outsourcing Charges 0.00 0.59
Directors' Sitting Fee/Meeting Expenses 1.78 1.94
Bank Charges 0.64 0.68
Filing Fees 0.08 0.10
Interest, Fine & Penalties 0.02 0.20
Service Tax Disallowance A/c 5.22 1.79
Security Transaction Tax 0.00 0.00
Diwali Expenses 0.46 0.33
Rent Including Lease Rentals 94.44 84.54
Repairs & Maintenance - Others 10.92 11.70
Insurance 4.35 3.79
Travelling & Conveyance 12.86 15.07
Printing & Stationery 2.23 0.93
Bad Debts Written Off 0.22 0.20
Legal and Professional Expenses 1.60 2.68
Payments to Auditors (Refer Note (i) below) 1.50 1.51
Loss on foreign currency transactions and translation 0.49 0.35
Miscellaneous Expenses 0.22 1.50
Total 325.52 239.05
(Rs. in lacs)
Notes:
7Particulars For the year ended For the year ended
31 March, 2018 31 March, 2017
(i) Payments to the auditors comprises (net of service tax input credit, where
applicable):
As auditors - statutory audit 1.20 1.21
For tax audit 0.30 0.30
For other services 0.00 0.00
Total 1.50 1.51
45

Note Particulars
17 Corporate Information
Biotech Consortium India Limited (BCIL) is a company promoted by the Department of Biotechnology, Ministry of Science &
Technology, Govt. of India (DBT) and financed by all India public financial institutions and corporate(s) with the objective of
providing necessary linkages among different stakeholders to facilitate accelerated commercialization of biotechnology. BCIL
has been actively involved in technology transfer, project consultancy, project management, biosafety services, IPR related
services, information dissemination and manpower training related to biotechnology over the last two and half decade. BCIL
is presently managing a number of prestigious projects of national relevance for various government departments including
DBT, Ministry of Agriculture (MOA), Ministry of Environment & Forests and Climate Changes (MOEF & CC) and Ministry
of External Affairs (MEA). BCIL is closely networking with stakeholders involved in commercialization of biotechnology i.e.
Central and State Governments, scientists, research institutions, universities, entrepreneurs, corporate sector and other national
and international organizations etc. BCIL has an elite Board of Directors consisting of Heads of various Govt. Departments
dealing with research in biotechnology, financial institutions and industry to provide vision and guidance to BCIL in its various
activities. Presently, BCIL carries its operations from its corporate and registered office at 5th Floor, Anuvrat Bhawan, 210, Deen
Dayal Upadhyaya Marg, New Delhi-110002.
18 Significant Accounting Policies
18.1 Basis of accounting and preparation of Financial Statements
The Financial Statements of the company have been prepared in accordance with the Generally Accepted Accounting Principles
in India (Indian GAAP) including the Accounting Standards specified under Section 133 of the Companies Act, 2013 read
with the Rule 7 of the Companies (Accounts) Rules, 2014. the existing Accounting Standards as notified in the Companies
(Accounting Standards) Rules, 2006, as amended from time to time, have been adopted by the Company and disclosures are
made in accordance with the requirement of Schedule III of the Companies Act, 2013 as referred under section 129(1) of the
Companies Act, 2013. The Financial Statements have been prepared on accrual basis under the historical cost convention .The
accounting policies adopted in the preparation of the Financial Statements are consistent with those followed in the previous year.
18.2 Use of estimates
The preparation of the Financial Statements in conformity with Indian GAAP requires the Management to make estimates and
assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) and the reported income
and expenses during the year. The Management believes that the estimates used in preparation of the Financial Statements are
prudent and reasonable. Future results could differ due to these estimates and the differences between the actual results and the
estimates are recognised in the periods in which the results are known / materialise.
18.3 Depreciation and amortisation
i) Depreciation on fixed assets has been provided on pro-rata basis from the date of acquisition of assets on written down value
method at the rates arrived at on the basis of remaining useful lfie of the assets and manner prescribed under Schedule II read
with Section 123 of the Companies Act, 2013.
ii) On assets sold, discarded etc, during the year, depreciation is provided upto the date of sale /discard. The value of assets whose
useful life has been expired, has been adjusted with retained earnings/deferred grants.
iii) Depreciation on fixed assets purchased out of capital grants is debited from Capital Reserve Account and credited to Profit
and Loss Account, resulting into claiming deprecation only on the assets funded by the company.
18.4 Revenue recognition
Revenue is recognized on accrual basis to the extent that it is probable that the economic benefits will flow to the Company and
can be reliably measured. Accordingly, wherever there are uncertainties in the ascertainment / realization of income, the same is
not accounted for.
Income from Sale of Publication and Subscription from members is recoganised on receipt basis.
18.5 Other income
The Dividend income from investments made in Companies and Mutual fund units is recognized as and when the Company
becomes entitled to it i.e. after the declaration and approval of dividend by the Investee Company / Mutual Fund. Interest income
is recognized on accrual basis taking into account, the amount invested and the rate of interest applicable on time proportionate
method. Interest on tax refund, if any, is accounted for on receipt basis.
18.6 Tangible fixed assets
“Fixed assets have been capitalised at cost inclusive of installation expenses and are carried at cost less accumulated depreciation
and impairment losses, if any. Subsequent expenditure relating to fixed assets is capitalised only if such expenditure results in
an increase in the future benefits from such asset beyond its previously assessed standard of performance.
Fixed assets acquired out of grants sanctioned and put to use for project purposes are capitalised and capital reserve in the nature
of deferred grant is created for the equivalent amount. Depreciation on such assets is not claimed and amount equivalent to
depreciation is reduced from both the fixed assets and deferred grant as well.
46

Note 18 Significant Accounting Policies (contd.)
Note Particulars
18.7 Intangible assets
The company do not have any intangable assets for the period under review. However the same are amortised over a period of
five years.
18.8 Foreign currency transactions and translations
Initial recognition
Transactions in foreign currencies entered into by the company and its integral foreign operations are accounted at the exchange
rates prevailing on the date of the transaction or at rates that closely approximate the rate at the date of the transaction.
Measurement of foreign currency monetary items at the Balance Sheet date
Year end balances of receivables/ payables are translated at year end rate of exchange and the resultant transaction loss/gain is
recognized in the Statement of Profit and Loss.
18.9 Government grants, subsidies and export incentives
Grants received & utilized from Government agencies against specific fixed assets are shown under the head “Capital Reserve”-
Sub head “Deferred Grant” and depreciation on the fixed assets purchased out of grants are debited to Deferred Grant Account
and credited to the Depreciation Account and depreciation in Profit and Loss Account is shown seperately. Revenue grants are
shown in the profit and loss account to match the same with the related costs as per the terms of grants and unutilized grants are
shown under the head “Advances Received”.
18.10 Investments
Investments being long term in nature are stated at cost and provision for diminution in their value other than temporary is made
in the financial statements. Gains/ losses on disposal/redemption of investments are recognized as income/ expenditure, as and
when realized and temporary decline in the value of investments are not recognized as loss in accordance with the Accounting
Standard -13 (AS-13) issued by ICAI.
18.11 Employee benefits
Employee benefits include provident fund, gratuity and leave encashment.
Defined contribution plans
The company’s contribution to provident fund are considered as defined contribution plans and are charged as an expense as they
fall due based on the amount of contribution required to be made.
Defined benefit plans
For defined benefit plans in the form of gratuity fund and leave encashment fund, the cost of providing benefits is determined
using the Projected Unit Credit method, with actuarial valuations being carried out at each Balance Sheet date. Actuarial gains
and losses are recognised in the Statement of Profit and Loss in the period in which they occur. Past service cost is recognised
immediately to the extent that the benefits are already vested and otherwise is amortised on a straight-line basis over the average
period until the benefits become vested. The retirement benefit obligation recognised in the Balance Sheet represents the present
value of the defined benefit obligation as adjusted for unrecognised past service cost, as reduced by the fair value of scheme
assets. Any asset resulting from this calculation is limited to past service cost, plus the present value of available refunds and
reductions in future contributions to the schemes.
18.12 Earnings per share
Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items,
if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by
dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) as adjusted for dividend, interest
and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity
shares considered for deriving basic earnings per share and the weighted average number of equity shares which could have been
issued on the conversion of all dilutive potential equity shares. Potential equity shares are deemed to be dilutive only if their
conversion to equity shares would decrease the net profit per share from continuing ordinary operations. Potential dilutive equity
shares are deemed to be converted as at the beginning of the period, unless they have been issued at a later date. The dilutive
potential equity shares are adjusted for the proceeds receivable had the shares been actually issued at fair value (i.e. average
market value of the outstanding shares). Dilutive potential equity shares are determined independently for each period presented.
The number of equity shares and potentially dilutive equity shares are adjusted for share splits / reverse share splits and bonus
shares, as appropriate.
47

Note 18 Significant Accounting Policies (contd.)
Note Particulars
18.13 Taxes on income
“Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of
the Income Tax Act, 1961.
Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future economic benefits in the form of
adjustment to future income tax liability, is considered as an asset if there is convincing evidence that the company will pay
normal income tax. Accordingly, MAT is recognised as an asset in the Balance Sheet when it is probable that future economic
benefit associated with it will flow to the company.
Deferred tax is recognised on timing differences, being the differences between the taxable income and the accounting income
that originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax is measured using the
tax rates and the tax laws enacted or substantially enacted as at the reporting date. Deferred tax liabilities are recognised for all
timing differences. Deferred tax assets in respect of unabsorbed depreciation and carry forward of losses are recognised only if
there is virtual certainty that there will be sufficient future taxable income available to realise such assets. Deferred tax assets are
recognised for timing differences of other items only to the extent that reasonable certainty exists that sufficient future taxable
income will be available against which these can be realised. Deferred tax assets and liabilities are offset if such items relate to
taxes on income levied by the same governing tax laws and the Company has a legally enforceable right for such set off. Deferred
tax assets are reviewed at each Balance Sheet date for their realisability. “
Current and deferred tax relating to items directly recognised in equity are recognised in equity and not in the Statement of Profit
and Loss.
18.14 Provisions and contingencies
A provision is recognised when the company has a present obligation as a result of past events and it is probable that an outflow
of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions (excluding
retirement benefits) are not discounted to their present value and are determined based on the best estimate required to settle
the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best
estimates. Contingent liabilities are disclosed in the Notes.
18.15 Service tax/GST input tax credit
Service tax/GST input tax credit is accounted for in the books in the period in which the Invoice of GST received is accounted
and when there is no uncertainty in availing / utilising the credits.and no Input tax credit is taken on provisional Basis.
18.16 Impairment of Assets
The management periodically assesses, whether there is an indication that an asset may be impaired. An impairment loss is
recognized wherever the carrying value of an asset exceeds its recoverable amount. The recoverable amount is higher of the
assets net selling price and value in use, which means the present value of future cash flows expected to arise from the continuing
use of the asset and its eventual disposal. An impairment loss, if any, is charged to the Statement of Profit and Loss in the year in
which the asset is identified as impaired. The impaired loss recognized in prior accounting periods is reversed/adjusted, if there
has been a change in the estimate of the recoverable amount.
18.17 Cash Flow Statement
Cash flows are reported using the indirect method, whereby profit before extraordinary items and tax is adjusted for the effects
of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments and item of income
or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities
of the company are segregated based on the available information.
48

Note 19 Additional information to the financial statements (Rs. in lacs)
Note Particulars
19.1 Contingent liabilities and commitments (to the extent not provided for) As at 31 As at 31
March, 2018 March, 2017
(i) Contingent liabilities
(a) Claims against the company not acknowledged as debt 0.00 0.00
(b) Performance Bank Guarantees 13.13 20.16
(c) Other money for which the Company is contingently liable 0.00 0.00
(ii) Commitments
(a) Estimated amount of contracts remaining to be executed on capital account and not
provided for
Tangible assets 0.00 0.00
Intangible assets 0.00 0.00
(b) Uncalled liability on shares and other investments partly paid 0.00 0.00
(c) Other commitments 0.00 0.00
19.2 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006
Particulars As at 31 As at 31
(i) Principal amount remaining unpaid to any supplier as at the end of the accounting year 38.88 46.88
(ii) Interest due thereon remaining unpaid to any supplier as at the end of the accounting year 0.00 0.00
(iii) The amount of interest paid along with the amounts of the payment made to the supplier 0.00 0.00
beyond the appointed day
(iv) The amount of interest due and payable for the year 0.00 0.00
(v) The amount of interest accrued and remaining unpaid at the end of the accounting year 0.00 0.00
(vi) The amount of further interest due and payable even in the succeeding year, until such 0.00 0.00
date when the interest dues as above are actually paid
Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified by the Management and
relied upon by the Auditors.
19.3 Earnings in foreign currency: As at 31 As at 31
Export of goods calculated on FOB basis 0.00 0.00

Royalty, know-how, professional and consultation fees 75.37 88.18
Interest and dividend 0.00 0.00
Other income, indicating the nature thereof. 0.00 0.00
19.4 Expenditure in foreign exchange: As at 31 As at 31
Royalty 0.00 0.00
Know-how 0.00 0.00
Project related expenses 1.70 2.58
Interest 0.00 0.00
Other matters 0.00 0.00
19.5 Exceptional, Extraordinary and Prior Period Items As at 31 As at 31
Profit on sale of Long Term Investments 46.01 0.00
Loss on sale of Long Term Investments -24.17 0.00
Provision for decline in value of investments written back 10.67 0.00
Prior Period Income 0.83 0.00
Total 33.34 0.00
49

Note 20 Disclosures under Accounting Standards (Rs. in lacs)
Note Particulars For the year ended For the year ended
31 March, 2018 31 March, 2017
20.1 Details of government grants
20.1.a Government grants received by the company during the year towards Subsidies, NIL NIL
Duty drawback and other incentives
20.1.b The company has received certain equipments and facilities free of cost/Purchase 9.83 9.14
out of grant during the year from the Department of Biotechnology, Govt. of
India (DBT) and Ministry of Enviornment & Forests and Climate Changes ,
Govt. of India (MOEF & CC) towards implementing various projects on behalf
of the DBT & MOEF.
Note Particulars
20.2 Retirement benefits
20.2.a A total provision for gratuity of Rs. 185.40 lacs has been made by the company as per the valuation certificate provided by the Life
Insurance Corporation of India. To meet the liability towards gratuity, the company has taken coverage from the Life Insurance
Corporation of India under its Group Gratuity Cash Accumulation Scheme to the extent of Rs. 84.04 lacs.
20.2.b A total provision for leave encashment of Rs. 116.26 lacs has been made by the company as per the valuation certificate provided
by the Life Insurance Corporation of India. To meet the liability towards leave encashment, the Company has taken coverage from
the Life Insurance Corporation of India under its Group Leave Encashment Scheme to the extent of Rs. 80.35 lacs.
Note Particulars
20.3 Related party transactions
20.3.a Details of related parties:
Description of relationship Names of related parties
Associates IDBI Bank Limited
Key Management Personnel (KMP) Dr. Purnima Sharma
Mr. Mukesh Gupta
Note: Related parties have been identified by the Management.
20.3.b Particulars Associates KMP Beneficiary Total

companies
Rs. Rs. Rs. Rs.
Payment for services (Salaries & perquisities) 0.00 56.40 0.00 56.40
(0.00) (53.16) (0.00) (53.16)
Bank Deposits 3388.35 0.00 0.00 3388.35
(974.37) (0.00) (0.00) (974.37)
Receipt of Interest 214.82 0.00 0.00 214.82
(54.06) (0.00) (0.00) (54.06)
Note: Figures in bracket relates to the previous year
50

Note 20 Disclosures under Accounting Standards (contd.) (Rs. in lacs)
Note Particulars For the year ended For the year ended
31 March, 2018 31 March, 2017
20.4 Earnings per share
Basic & Diluted
20.4.a Continuing operations
Net profit / (loss) for the year from continuing operations 125.98 168.49
Less: Preference dividend and tax thereon 0.00 0.00
Net profit / (loss) for the year from continuing operations attributable to the 125.98 168.49
equity shareholders
Weighted average number of equity shares 53,70,027.00 53.70,027.00
Par value per share 10.00 10.00
Earnings per share from continuing operations - Basic 2.35 3.14
20.4.b Total operations

Net profit / (loss) for the year 125.98 168.49
Less: Preference dividend and tax thereon 0.00 0.00
Net profit / (loss) for the year attributable to the equity shareholders 125.98 168.49
Weighted average number of equity shares 5,370,027.00 5,370,027.00
Par value per share 10.00 10.00
Earnings per share - Basic 2.35 3.14
51

Note 20 Disclosures under Accounting Standards (contd.) (Rs. in lacs)
Note Particulars As at 31 As at 31
20.5 Deferred tax (liability) / asset
Tax effect of items constituting deferred tax liability
On difference between book balance and tax balance of fixed assets 0.00 0.00
On expenditure deferred in the books but allowable for tax purposes 0.00 0.00
On items included in reserves and surplus pending amortisation into the Statement of 0.00 0.00
Profit and Loss
Others 0.00 0.00
Tax effect of items constituting deferred tax liability 0.00 0.00
Tax effect of items constituting deferred tax assets
Provision for compensated absences, gratuity and other employee benefits 38.52 24.38
Provision for doubtful debts / advances 0.00 0.00
Disallowances under Section 40(a)(i), 43B of the Income Tax Act, 1961 0.00 0.37
On difference between book balance and tax balance of fixed assets 3.04 3.87
Unabsorbed depreciation carried forward 0.00 0.00
Brought forward business losses 0.00 0.00
On items included in reserves and surplus pending amortisation into the Statement of 0.00 0.00
Profit and Loss
Others 0.00 0.00
Tax effect of items constituting deferred tax assets 41.56 28.62
Net deferred tax (liability) / asset 41.56 28.62
The company has recognised deferred tax asset on unabsorbed depreciation and brought forward business losses based on the
Management’s estimates of future profits considering the non-cancellable customer orders received by the company. Provision
for Gratuity, Provision for Leave Encashment and Provision for doubtful debts are considered based on Management’s
estimates.
52

Note 20 Disclosures under Accounting Standards (contd.)
Note Particulars
20.6 In the opinion of the Board, the value of current assets, loans and advances have a realizable value in the ordinary course of
business at least equal to that stated in the Balance Sheet.
20.7 Balances in respect of receivables, sundry debtors, project advances and creditors are subject to their confirmations. Amount
receivable from Government agencies including DBT, MOEF & CC etc. and project advances in various projects amounting
to Rs. 4480.00 lacs can not be confirmed due to the difference in the method of accounting deployed in these agencies and the
company ‘s method of accounting. The balances in project advances represent unspent balance from the projects funds granted
by these agencies and the same are utilized for the projects as per sanction order received from these agencies from time to
time.
20.8 The company had entered into agreements with DBT & MOEF & CC under the various schemes of DBT where by it is
acting as a coordinating /managing agency. The funds received from DBT under various schemes have been kept separately in
bank accounts and interest earned on these deposits is credited to the respective DBT project accounts. The interest earned is
utilized only for activities to be carried on under the various schemes. However the interest earned on these funds and liability
to pay such interest to the DBT has been shown net of Income & Expenditure while preparing Statement of Profit & Loss
Account. These funds are specifically utilized for the schemes of DBT and only the fees received for rendering services as
coordinating/managing agency has been accounted for as income from operation in the Statement of Profit and Loss. The
company is maintaining details of head wise expenditure incurred in projects coordinated by it through cost categories and cost
centers.
Note 21 Previous year’s figures

Note Particulars
21 Previous year’s figures have been regrouped / reclassified wherever necessary to correspond with the current year’s classification
/ disclosure.

FRN : 003173N

M.N. 83121

Place : New Delhi
Date : 04.06.2018
53
Route Map of AGM Venue
Regd. Office: 5th Floor, Anuvrat Bhawan,
210, Deen Dayal Upadhyaya Marg,
New Delhi - 110002
ATTENDANCE SLIP*
I hereby record my presence at the 28th Annual General Meeting of the company at the registered office of the
company at 5th Floor, Anuvrat Bhawan, 210, Deen Dayal Upadhyaya Marg, New Delhi-110 002 at 10:30 a.m. on
Tuesday, the 14th day of August 2018.
--------------------------------------- ----------------
Full Name of the Shareholder Signature
(in Capitals)
Folio No.:
*Shareholders attending the meeting in person or by proxy are requested to complete the attendance slip and hand
it over at the entrance of the meeting hall.

Regd. Office: 5th Floor, Anuvrat Bhawan,
210, Deen Dayal Upadhyaya Marg,
New Delhi - 110002
PROXY FORM
I/we________________________________________________________________________________
_____ of______________________________in the district of_________________________________
___being a member/members of the above-named company, hereby appoint________________________
of__________________, or failing him/her________________________ of ________________________as my/
our proxy to vote for me/us on my/our behalf at the 28th Annual General Meeting of the company to be held on 14th
day of August 2018 and at any adjournment thereof.
Signed this_____________________ day of ___________________________ 2018.
Signature

BCIL - Annual Report - July - 17 - 2018 - Final

Uploaded by

Copyright:

Available Formats

BCIL - Annual Report - July - 17 - 2018 - Final

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

BCIL - Annual Report - July - 17 - 2018 - Final

Uploaded by

Copyright:

Available Formats

BIOTECH CONSORTIUM INDIA LIMITED

CHIEF GENERAL MANAGER DEPUTY MANAGERS

Shri Mukesh Gupta STATUTORY AUDITORS

2. Appointment of Director “RESOLVED THAT Shri S G Nadkarni (DIN-

Dearness Allowance: l. Club Membership:

4. Pursuant to Section 101 and Section 136 of the

* Excluding retiral benefits.

III. OTHER INFORMATION

To the Members, OPERATIONS

bioinformatics companies all over India. Your company ENTREPRENEURSHIP DEVELOPMENT

AUDITORS April 26, 2018 following withdrawal of nomination by

Shri S G Nadkarni (DIN-03401830), Chief General PARTICULARS OF CONTRACTS OR

Dr. Purnima Yes Yes Yes Yes 4 4 100%

* Ceased to be director wef 20-07-2017

* Ceased to be Member of the Committee of Board wef 20-07-2017

CORPORATE SOCIAL RESPONSIBILITY applicable accounting standards had been followed

GENERAL 4) that the directors prepared the annual accounts on a

DIRECTORS’ RESPONSIBILITY For and on behalf of the Board of Directors

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES -

(ii) Shareholding of Promoters

6. Administrator of the Specified 3,00,000 5.59 NA 3,00,000 5.59 NA ---

(iii) Change in Promoters’ Shareholding (please specify, if there is no change)

(v) Shareholding of Directors and Key Managerial Personnel:

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

B. Remuneration to other directors: Rs. in Lacs

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD Rs. in Lacs

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

ii. Details of material contracts or arrangement or transactions at arm’s length basis

INDEPENDENT AUDITORS’ REPORT

To the Members of In conducting our Audit we have taken into account

No amount payable in respect of the statutory dues

provide reasonable assurance regarding prevention or Opinion

BALANCE SHEET AS AT 31ST MARCH 2018

TOTAL 7512.27 6313.03

In terms of our report attached

(S C Gupta) (V P Kamboj) (Purnima Sharma) (Mukesh Gupta)

STATEMENT OF PROFIT AND LOSS

In terms of our report attached.

(S C Gupta) (V P Kamboj) (Purnima Sharma) (Mukesh Gupta)

CASH FLOW STATEMENT FOR THE YEAR 2017-18

B CASH FLOW FROM INVESTING ACTIVITIES

C CASH FLOW FROM FINANCING ACTIVITIES

In terms of our report attached.

(S C Gupta) (V P Kamboj) (Purnima Sharma) (Mukesh Gupta)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

(c) Subscribed and fully paid up

Year ended 31 March, 2017

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

Note 3 Long-Term Provisions  (Rs. in lacs)

Note 4 Trade Payables (Rs. in lacs)

Note 5 Other Current Liabilities  (Rs. in lacs)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

(a) Plant & Machinery-

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

Note 9 Other Non-Current Assets  (Rs. in lacs)

Note 10 Trade Receivables  (Rs. in lacs)

B. Remuneration to other directors: Rs. in Lacs

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD Rs. in Lacs

ii. Details of material contracts or arrangement or transactions at arm’s length basis

Note 3 Long-Term Provisions (Rs. in lacs)

Note 4 Trade Payables (Rs. in lacs)

Note 5 Other Current Liabilities (Rs. in lacs)

Note 9 Other Non-Current Assets (Rs. in lacs)

Note 10 Trade Receivables (Rs. in lacs)

Note 12 Short-Term Loans and Advances (Rs. in lacs)

Note 14 Other Income (Rs. in lacs)

Signed this_ day of _______ 2018.