BUREAU OF INDIAN STANDARDS
(Under Ministry of Consumer Affairs, Food and Public Distribution)
NOTICE FOR LIMITED TENDER FOR APPOINTMENT OF INTERNAL AUDITORS
1. Limited tenders are invited for the APPOINTMENT OF INTERNAL AUDITORS FOR
THE PERIOD 2019-20. The tender form, duly filled, shall be submitted to the Director
(Finance), Finance Department, Room No. 204, Bureau of Indian Standards, 9, Bahadur
Shah Zafar Marg, New Delhi-110 002.
2. Complete Schedule/ Submission Schedule :
(a) Date of issue of the Tender Document : 22.08.2019
(b) Last Date for Submission of the BID : 12.09.2019
(c) Date for Opening of Technical Bid : 13.09.2019
(d) Date for Opening of Financial Bid : The Financial Bids of only those
bidders who qualifies Technical
Bid shall be opened
3. Methodology for Appointment of Internal Auditor
a. The Internal Audit will be conducted on the Decentralised basis i.e., there will be one
auditor for each region (except Central Region) and one auditor for Head Quarters,
Central Region, NITS and Central Laboratory.
b. The name of the firms as received from the Office of Comptroller and Auditor General
of India is being requested to apply for the Limited Tender.
c. Details and specifications can downloaded from the BIS Website www.bis.gov.in for
reference purpose only
Director(Finance)
Bureau of Indian Standards
BUREAU OF INDIAN STANDARDS
(Under Ministry of Consumer Affairs, Food and Public Distribution)
1. Background
1.1 The Bureau of Indian Standards (BIS), the National Standards Body has been successfully
promoting and nurturing standards movement within the country since 1947. BIS came into
existence on 01st April 1987 through an Act of Parliament. The BIS Act has been reconstituted
in 2017. It took over the staff, assets, liabilities and functions of the erstwhile Indian Standards
Institution (ISI) with an enlarged scope and enhanced powers for harmonious development
of activities of standardization, marking and quality certification of goods and for matters
connected therewith or incidental thereto. Keeping in view, the interest of consumers as well
as the industry, BIS is involved in various activities as given below:
a. Standards Formulation
b. Certification : Product, Hallmarking and Systems
c. Foreign Manufacturers Scheme
d. Registration Scheme
e. Testing & Calibration Services
f. Sale of Indian Standards and other publications
g. International Activities
h. Consumer Awareness Activities (for consumer and industry)
i. Promotional Activities
j. Training Services
k. Information services
l. Financial: Resources - Mobilization and utilization
m. Trade Facilitation Cell
n. Library Services
1.2 BIS has its Headquarters at New Delhi and its 05 Regional Offices (ROs) are at Kolkata
(Eastern), Chennai (Southern), Mumbai (Western), Chandigarh (Northern) and Delhi
(Central). Under the Regional Offices there are 23 Branch Offices (BOs) located at
Ahmedabad, Bangalore, Bhubaneswar, Bhopal, Coimbatore, Dehradun, Faridabad,
Ghaziabad, Guwahati, Hyderabad, Jaipur, Jammu, Kochi, Lucknow, Nagpur, Parwanoo,
Patna, Pune, Rajkot, Raipur, Hubli, Jamshedpur and Vishakhapatnam, having independent
accounts, which offer certification services to the industry and serve as effective link between
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State Governments, industries, technical institutions, consumer organizations etc., of the
respective region. Beside these there is a Training Institute at Noida and Central Laboratory
at Shahabad where independent accounts are maintained.
2. Sources of Income of Bureau of Indian Standards
2.1 The Bureau of Indian Standards strives for the interest of consumers as well as the industry,
so that the high standard product can be provided to customer. In performing all the aforesaid
activities, the Bureau of Indian Standards receive incidental income from the following
sources :
a. Income from all components of Product Certifications,
b. Income from Quality System Certifications,
c. Income from Sale of Indian Standards,
d. Income from Hallmarking, Assaying Center and Jewellers,
e. Income from the Training Activity at NITS,
f. Income from Testing Activity at Laboratories, and
g. Interest on Income from Investment of its Funds and surpluses.
2.2 The total revenue earned by BIS during the financial year 2018-19 is ` 740.30 Crores.
3. Basis on which Accounts are maintained
3.1 Besides Headquarters, the Regional Offices (except Central Regional Office, which is located
at HQ, New Delhi), the Training Institute, the Central Laboratory, the Northern Region
Laboratory and Branch Offices are maintaining their own accounts on uniform basis with
double entry accounting system and following the guidelines issued by HQ's from time to
time and according to Central Government Rules. Monthly trial balance and other MIS
reports are sent by Regional Offices, Central Laboratory, Training Institute and Branch Offices
to HQs for control and consolidation. Further, the said accounts are audited by C&AG.
4. Scope of Internal Audit Work
4.1 The Internal Auditor shall be responsible for test checking the initial records, accounts
maintained by HQs/ROs/BOs/NITS/ Laboratory with a view to ensure that the rules and
regulations are followed correctly, systems and procedures regarding accounting and
financial matters are adequate.
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4.2 The Internal Auditor shall inter-alia cover checking of all accounting records including those
relating to advance and records pertaining to purchases, civil work, physical verification of
stores, equipment's, tools and plant.
4.3 The Internal Auditor shall not only focus on the Income and Expenditure factor, rather may
also focus on the risk indicators while performing the Internal Audit.
5. Duties of Internal Auditor
5.1 The Internal Audit shall perform following duties:
Accounting and Other related Aspects
(i) Study the accounting procedures prescribed for the HQs with a view to ensuring that
they are correct, adequate and free from defects or lacunae.
(ii) Insure the implementation of the prescribed procedures and the order issued by HQ
from time to time.
a. Whether such default has occurred due to system failure and defect or due to individuals.
b. Whether steps have been taken for ratification of the aforesaid defects.
(iii) Scrutinize and check payments and accounting work of the accounting units.
a. Payment of all types of suppliers bills for goods and services as per GFR,2017
b. Payment of Adjustable Advance, TA Advances. LTC Advance and Medical Advance etc.,
and adjustments thereof.
c. Payment in foreign currency to parties outside India.
d. Payment under different Plan Projects, Maintenance of Respective Accounts Books &
Utilization Certificate thereof.
e. Management of Cash for Payment and Receipts, Cash Book and Bank Book, Maintenance
of records, Bank Reconciliation, etc.,
f. Accounting of JVs/Issue of Debit/Credit Advices and Reconciliation of Inter-Office
Accounts, Current Assets and Liabilities Account.
(iv) Scrutinize of Booking of Income under the appropriate activity i.e., Product Certifications,
Quality System Certifications, Sale of Indian Standards, Hallmarking, Assaying Centre and Jewellers,
Training Activity and Testing Activity.
(v) Scrutinize of Investment made, i.e., process of Investment, receipt of Interest, checking of the
accrued interest, maturity proceeds as per FDRs and its accounting in Books of Accounts.
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(vi) Scrutinisation of the Statutory Compliances :
a. Whether the Tax has been deduction properly.
b. Timely submission of the return and Issue off TDS certificates.
c. Payment of Goods and Service Tax, adjustment of Input Tax Credit and filing of GST
Return.
d. Income Tax Audit of BIS, if applicable and filing of Income-tax Return of BIS
(vii) Scrutinisation of the Fixed Asset Register
(viii) Maintenance of Books of Accounts and preparation of Annual Financial Statements and
Schedules thereof
Personal Aspects
(ix) Employees and Pensioner related matter:
a. Pay/ Pension fixation of Employee/ Pensioner,
b. Proper maintenance of Leave Records such as sick leave, casual leave etc., and their
consequential reflection on salaries,
c. Payment of personal claims of employees viz., telephone bills, newspaper bills, misc. claims,
d. Payment and settlement of TA, LTC and Medical Claims of employees and maintenance of
subsidiary ledgers.
e. General Provident Fund (GPF): Advances/Withdrawals, Maintenance of Accounts records,
Investment of GPF, Accrual Interest, Monthly Trial Balance and yearly Balance Sheet.
f. National Pension Scheme: Monthly deductions and remittance of National Pension
Scheme and BIS contribution and Maintenance of Subsidiary Records.
g. Payment of House Building Advance, Conveyance Advance, Computer Advance etc,
compliance of conditions of payment and reconciliation of its subsidiary accounts with the
General Ledgers.
h. Medical Claims for Pensioners: Permissions, Sanctions, Payments and Maintenance
of Records.
Administration Aspects
(x) Scrutinisation of the Purchases Procedures as per GFR, 2017.
(xi) Scrutinisation of purchase for Stationary and Consumable Items vis-a-vis the policy.
(xii) Scrutinisation of the Stock Register i.e., Stationary and consumable items.
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(xiii) Scrutinisation of running and maintains records of BIS owned cars
(xiv) Checking of procedures in regard to disposal of assets to ensure that adequate procedure
exists for scrapping/ condemning and the same is followed.
Others
(xv) Scrutinisation of procedure of the printing of the Standards vis-a-vis the policy.
(xvi) Physical verification of stock of sale of standards and justification for the same.
(xvii) Utilisation of the equipments in BIS Laboratories.
(xviii) Pursuance/ settlement of objections taken in Audit Para/ test audit notes issued by
Statutory Auditor and other matter relating to statutory audit.
6. Reporting Requirement
6.1 On Completion of the Audit of the respective Audit Unit of each phase, the following steps
should be followed before finalisation of the report and the partner of firm shall meet and
discuss the audit observations :
(a) The Preliminary Audit observations shall first be discussed with the Accounts/Finance
Head of the ROs/BOs/ Laboratory/ NITS. In case the auditor is not satisfied with the
explanation given by Accounts/Finance Head of the ROs/BOs/ Laboratory /NITS, then
shall discuss the same with the Head of ROs/BOs/ Laboratory/ NITS along with the
finance head.
(b) Before finalisation of the audit observations, the unresolved important and statutory
observation shall be discussed with the DDGF/DF/DAC at Head Quarter, so that the
timely corrective action can be enforced.
(c) Based on the outcome of the aforesaid discussion, the Audit Report thus compiled shall
be structured on following broad areas :
a. Compliance Report of the previous observation raised in the Internal Audit
b. Important Observation arises out of the audit requiring corrective action
c. Report on Testing of Effectiveness of Internal Control
d. Other
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7. Terms and Reference of Internal Audit
For the year 2019-20
7.1 The Internal Audit for 2019-20, shall be conducted in 2 phases (Phase I covering April to
September and Phase II covering October to March). The commencement of Phase I audit
will be on/ around 15th December and Phase II will be on/ around 1st June. The report for
the Phase-I and II are to be submitted on/ around 15th January and 15th July respectively.
For the year 2020-21 and 2021-22
7.2 The firm selected for conducting Internal Audit for the year 2019-20, may be considered for
renewal of the contract for conducting the Internal Audit for subsequent two years (i.e., 2020-
2021 and 2021-22) on yearly basis , subjected to satisfactory performance on the same fees plus
taxes and on the same terms and conditions.
7.3 Internal Audit shall be conducted in 2 phases (Phase I covering April to September and Phase
II covering October to March). The commencement of Phase I audit will be on/ around 15th
November and Phase II will be on/ around 1st June. The report for the Phase-I and II are to
be submitted on/ around 31st December and 15th July respectively
Audit Team
7.4 Auditor should deploy suitable teams for undertaking the audit, after a thorough perusal of
the requirements of the audit units and the volume of work involved.
7.5 A minimum number of man-days are needed to devoted at site by the firm in each phase of
the audit is as under :
S. No Place Minimum Man-days Requirement
(in each location/ office)
Qualified
Partner Assistant
Asst.
1 Headquarter and Central Regional Office at
New Delhi 2 2 20
Training Institute at Noida - 1 6
Central Laboratory at Shahabad - 1 6
All Branches of Central Region(Bhopal,
- 2 6
Ghaziabad, Jaipur and Faridabad)
2 Western Regional Office 1 2 10
All Branches of Western Region(Ahmedabad,
- 2 6
Pune, Nagpur and Rajkot)
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S. No Place Minimum Man-days Requirement
(in each location/ office)
Qualified
Partner Assistant
Asst.
3 Northern Regional Office 1 2 10
All Branches of Northern Region(Jammu,
- 2 6
Parwanoo, Dehradun and Lucknow)
4 Eastern Regional Office 1 2 10
All Branches of Eastern Region(Bhubaneswar,
- 2 6
Guwahati, Patna, Raipur and Jamshedpur)
5 Southern Regional Office 1 2 10
All Branches of Southern Region(Bangalore,
Coimbatore, Hyderabad, Kochi, Hubli and - 2 6
Vishakhapatnam)
Terms and Condition
Payment Terms
7.6 Payment shall be released within 15 working days from the date of submission of bill by the
Firm after completion of each phase of audit and submission of the audit report and summary
thereof to the Finance Department, New Delhi as well as to the all Regional Offices/Branch
Offices/ Laboratory/NITS, Noida.
Bid security/Earnest money Deposit
7.7 Earnest Money Deposit (EMD) of 10,000/- ( Ten Thousand Only) is to be deposited in the
form of Account Payee Demand Draft/ Fixed Deposit Receipt/ Banker's cheque/ Online [Bank
Name : Syndicate Bank, Bank Account No. : 90841010000018, IFSC Code
of Bank : SYNB0009084] in an acceptable form. EMD will be refunded after award of contract
without any interest thereon to the unsuccessful bidders. Quotations received without EMD
will not be considered. The Earnest Money will be forfeited if the bidder withdrawing or
altering its bids during the bid validity period.
7.8 The Bureau has also the right to forfeit the EMD in full in the event of failure of on the part of
the firm to fulfil the Terms & Conditions of the Tender Document.
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Performance Security
7.9 Successful Tender will be required to deposit an amount of 10% of bid price as Performance
Security in the form in the form of Account Payee Demand Draft/ Fixed Deposit Receipt/
Banker's cheque/ Online [Bank Name : Syndicate Bank, Bank Account No. : 90841010000018,
IFSC Codeof Bank : SYNB0009084] in an acceptable form. Performance Security will remain
valid for a period of 60 days beyond the date of completion of all contractual internal audit
work.
Penalty Clause
7.10 All the areas of work as mentioned at Para 6 shall be covered by the Auditors at all the locations
in each phase of audit.
7.11 In case, the audit is not completed as per the time schedule given, the penalty will be 0.5% of
the contract value per week or part thereof maximum to 5% of the contract value.
Other
7.12 The contract may be terminated by this Bureau at any time without assigning any reason, if
the services of the firm are not found satisfactory. In this connection, the decision of the Bureau
shall be final and binding on the firm.
7.13 The firm selected for conducting Internal Audit for the year 2019-20, may be considered for
renewal of the contract for conducting the Internal Audit for subsequent two years
(i.e., 2020-21 and 2021-22) on yearly basis, subjected to satisfactory performance on the same
fees plus taxes and on the same terms and conditions.
7.14 Jurisdiction of all disputes will be New Delhi.
7.15 In case on any dispute or difference arises, the same shall be settled by reference to arbitration
by a sole arbitrator to be appointed by DG:BIS whose decision shall be final and binding on
both the parties.
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8. Tender Submission
8.1 Tender will be submitted in "Three" Separate sealed envelopes as below. All the three (3)
should be numbered clearly and super scribed with our Tender reference number, date, title,
binder's name and address.
Envelope 1 : Shall contain the Accounts Account Payee Demand Draft/ Fixed Deposit
Receipt/ Banker's cheque/ Acknowledgment of Online payment in an
acceptable form toward Earnest Money Deposit (EMD)
Envelope 2 : Shall consist Technical Bid (Eligibility Criteria documents) i.e.,
Brief background about the firm, with list of partners, if any,
employees and their education qualifications / experience, present
clients of the firm
Self Certified copy on the Firm Letter Head, stating the experience
certificate of the firm of conducting internal audit of Statutory Bodies/
Autonomous Bodies/ PSUs for 5 years (in last 10 years).
Copy of GST Registration Certificate
Copy of PAN No.
Envelope 3 : Shall consist of Financial Bid i.e., the consolidated audit fees for both
Phase- I and Phase-II including all expenses (i.e., travelling, boarding and
lodging etc., ) and GST shall be as applicable:
Sl. No Particulars Amount (in `)
1. Audit Fee for both Phase-I and
Phase II including all expenses
(i.e., travelling, boarding and lodging
etc., )*
* GST will be extra
8.2 Above three envelopes may be enclosed with a sealed single envelope scribing with
mentioning the content inside the envelope (Envelope 1. Envelope 2 and Envelope 3) and title as
"QUOTATION FOR APPOINTMENT OF INTERNAL AUDITOR FOR 2019-20" and marked
"CONFEIDENTIAL" may be sent to Director (Finance), Finance Department,
Room No. 204, Bureau of Indian Standards, 9, Bahadur Shah Zafar Marg,
New Delhi-110 002.
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9. Tender Opening
9.1 Complete Schedule/ Submission Schedule :
(a) Date of Issue of the Tender Document : 22.08.2019
(b) Last Date for Submission of the BID : 12.09.2019
(c) Date for Opening of Technical Bid : 13.09.2019
(d) Date for Opening of Financial Bid : The Financial Bids of only those
bidders who qualifies Technical
Bid shall be opened
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ANNEX V
Page 11 of 40
Page 12 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH 2019
SCHEDULE 1 - CORPUS/CAPITAL FUND
(Amount in Rs.)
Current Year Previous Year
Balance at the beginning of the year 81848,64,664 54078,80,066
Add: Contributions towards Corpus/Capital Fund
Cost of assets capitalized from funds received from
1,05,380 -
Spice Board
Total 81849,70,044 54078,80,066
Surplus transferred from Income & Expenditure
Add: 46131,81,342 27769,84,598
Account
BALANCE AT THE END OF THE YEAR 127981,51,386 81848,64,664
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BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH 2019
A B C D E F G H I J K
SCHEDULE 2 - EARMARKED/ENDOWNMENT FUNDS (Amount-in Rs.)
1
TOTAL
2
Assistance from Assistance from Assistance Benevolent General Provident National Pension & Gratuity Hallmarking Current Year Previous Year
MOCA under MOCA under the from MOCA Fund Fund Pension Liability Fund Education &
plan scheme for Plan under C.W.F. Scheme Fund Account Protection
setting up of Project:Quality Fund
Hallmarking Infrastracture for
Centres consumer
protection (Plan)
3
4 1 2 3 4 5 6 7 8 9 10
a) Opening balance of the funds 3,024,638 66,173,001 459,204 1,713,361 1,608,269,093 1,721,671 16,759,416,663 2,526,223 18,443,303,854 17,647,919,092
5
b) Additions to the Funds:
6
i) Assistance/Grants 10,000,000 10,000,000 - - - - - - 20,000,000 20,000,000
7
ii) Income from Interest on Investments of the funds 292,895 116,846 5,370 42,983 119,809,210 76,200 1,577,777,704 1,698,121,208 1,590,363,264
8
iii) Contribution to the respective fund 731,520 236,283,364 68,425,525 274,573 305,714,982 307,036,836
9
iv) Contribution towards shortfall in Pension & Gratuity Liability Fund A/c - 515,772,094
10
v) Others 3,273,720 3,273,720 3,341,630
11
TOTAL (a+b) 13,317,533 76,289,847 464,574 2,487,864 1,964,361,667 70,223,396 18,340,468,087 2,800,796 20,470,413,764 20,084,432,916
12
c) Utilization/Expenditure towards objectives of funds
13
i) Capital Expendituare - Fixed Assets
14
ii) Revenue Expenditure
15
- Payments to employees, pensioners & beneficiaries 400,030 364,060,608 68,228,271 1,033,292,260 1,465,981,169 1,616,399,997
16
- Assistance to Hallmarking Centres 4,923,758 4,923,758 7,268,312
17
- Meetings, Travels & Others 12,977,882 12,977,882 17,460,753
18
- Interest refunded/to be refunded to DoCA 556,799 1,267,661 132,314 1,956,774
19
Total Revenue Expenditure 5,480,557 14,245,543 132,314 400,030 364,060,608 68,228,271 1,033,292,260 - 1,485,839,583 1,641,129,062
20
TOTAL(c) 5,480,557 14,245,543 132,314 400,030 364,060,608 68,228,271 1,033,292,260 - 1,485,839,583 1,641,129,062
21
22
NET BALANCE AS AT THE YEAR-END 31.03.2019(a+b-c) 7,836,976 62,044,304 332,260 2,087,834 1,600,301,059 1,995,125 17,307,175,827 2,800,796 18,984,574,181 18,443,303,854
23
Page 14 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH 2019
(Amount in Rs.)
Current Year Previous Year
SCHEDULE 3- CURRENT LIABILITIES AND PROVISIONS
A. CURRENT LIABILITIES
1. Sundry Creditors for Goods and Services
a)Inland 948,57,431 919,68,108
b)Abroad 220,38,187 221,53,035
2. Advances received from Customers:
a)Sales 7,31,582 4,70,845
b)Certification 134,34,904 97,92,570
3. Statutory Liabilities
Others- Goods & Service Tax Payable 1025,36,329 963,86,718
4. Other Current Liabilities
a) Earnest Money/Retention Money 285,72,819 250,17,870
b) Accounts Payable Employees 15,48,720 28,17,622
TOTAL(A) 2637,19,972 2486,06,768
B. PROVISIONS - -
TOTAL(A+B) 2637,19,972 2486,06,768
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BUREAU OF INDIAN STANDARDS
SCHEDULE FORMING PART OF BALANCE SHEET AS AT 31 MARCH 2019
SCHEDULE-4-FIXED ASSETS (Amount in Rs.)
DESCRIPTION GROSS BLOCK DEPRECIATION NET BLOCK
Cost/Valuation Additions Deductions Cost/valuation As at the On Additions On Total up to As at the Current As at the Previous
As at during the during the at the year end beginning of during the Deductions the Year-end year-end 2018-19 year-end 2017-18
beginning of year year the year year during the
the year year
A. FIXED ASSETS:
1 LAND 634,353,954 634,353,954 634,353,954 634,353,954
2 BUILDINGS 492,803,370 7,708,300 500,511,670 244,283,044 27,416,415 271,699,459 228,812,211 248,520,326
3 RESIDENTIAL FLATS 62,296,310 62,296,310 42,361,974 967,584 43,329,558 18,966,752 19,934,336
PLANT, MACHINARY &
4 302,165,283 18,144,866 2,251,462 318,058,687 233,544,917 12,054,469 1,770,598 243,828,788 74,229,899 68,620,366
EQUIPMENTS
5 VEHICLES 3,716,595 821,754 679,272 3,859,077 2,754,876 254,138 590,052 2,418,962 1,440,115 961,719
FURNITURE, OFFICE EQUIPMENTS
6 327,957,540 34,082,919 1,558,803 360,481,656 267,611,985 14,698,278 1,394,841 280,915,422 79,566,234 60,345,555
& COMPUTERS
7 LIBRARY BOOKS 27,540,984 325,302 27,866,286 27,505,899 36,349 27,542,248 324,038 35,085
TOTAL(A) OF CURRENT YEAR 1,850,834,036 61,083,141 4,489,537 1,907,427,640 818,062,695 55,427,233 3,755,491 869,734,437 1,037,693,203 1,032,771,341
PREVIOUS YEAR 1,682,757,989 172,685,196 4,609,149 1,850,834,036 759,040,195 62,943,430 3,920,930 818,062,695
B. CAPITAL WORK IN PROGRESS 327,766,737 6,490,600 321,276,137 321,276,137 327,766,737
TOTAL 1,358,969,340 1,360,538,078
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BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH 2019
(Amount in Rs.)
Current Year Previous year
SCHEDULE 5 - INVESTMENTS FROM
EARMARKED/ENDOWMENT FUND
1 Pension & Gratuity Liability Fund Account
1.1 Government of India Securities 49540,90,501 49789,48,836
1.2 Debentures and Bonds 200,00,000 200,00,000
TOTAL(1) 49740,90,501 49989,48,836
2 General Provident Fund of Employees
2.1 Government of India Securities 2544,26,994 2551,53,789
2.2 State Government Securities 4337,62,680 4304,19,428
2.3 Debentures and Bonds 895,69,893 1393,29,875
2.4 Special Deposits with RBI 3127,08,594 3127,08,594
2.5 Equities & related investments-Mutual Funds 170,00,000 145,00,000
TOTAL(2) 11074,68,161 11521,11,686
TOTAL(1)+(2) 60815,58,662 61510,60,522
SCHEDULE 6 - INVESTMENTS-OTHERS
(Amount in Rs.)
Current Year Previous year
1 Investments towards the Corpus/Capital Fund - -
TOTAL - -
Page 17 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH 2019
SCHEDULE 7 - CURRENT ASSETS, LOANS AND ADVANCES ETC.
(Amount in Rs.)
Current Year Previous Year
A. CURRENT ASSETS
1. Inventories:
a)Laboratory apparatus and stores 6,20,898 9,59,848
b)Stationery 47,30,281 38,52,259
c)Repair & Maintenance Consumables 14,81,760 14,76,826
d) Gold Jewellary - 7,62,018
Total (1) 68,32,939 70,50,951
2. Sundry Debtors
a)Sale of Publications
i) Exceeding six months 66,776 1,07,256
ii) Others 8,021 4,226
b)Certification
i) Exceeding six months 18,81,891 26,87,534
ii) Others 10,35,554 3,11,486
c) Accounts Recoverable
i) Accounts recoverable (employees) 8,25,518 9,09,833
ii) Recoverables from Government Departments 116,28,033 104,14,993
(From MEA & DoCA)
iii) Accounts Recoverable (Others) 287,32,950 386,85,332
Total (2) 441,78,743 531,20,660
3. Cash Balance in Hand (Including Imprest) 2,21,061 2,94,416
4. Bank Balances:
a) With Schedule Banks
i) On Current Accounts 1166,54,169 1510,18,839
ii) On Saving Accounts 1395,91,041 1142,10,881
Sub Total of 4(a) (i & ii) 2562,45,210 2652,29,720
iii) On Fixed Deposit Accounts
A) Investment - Earmarked Funds
I) Pension & Gratuity Liability Fund A/c 123330,85,326 117604,67,827
II) General Provident Fund A/c 2985,81,000 3055,81,000
III) National Pension Scheme Fund A/c 19,95,125 17,21,671
B) General Investments towards Corpus/Capital Fund 78959,19,549 36525,10,502
Sub Total of 4(a)(iii) 205295,81,000 157202,81,000
Total (4) 207858,26,210 159855,10,720
5. Franking Machine Balance 1,84,586 1,14,350
TOTAL(A) 208372,43,539 160460,91,097
Page 18 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH 2019
SCHEDULE 7 - CURRENT ASSETS,LOANS AND ADVANCES ETC.
Current Year Previous Year
B. LOANS, ADVANCES AND OTHER ASSETS
1. Advances to Staff for:
i)Purchase of Conveyance 1,57,500 2,75,400
ii)House Building 113,72,286 19,79,424
iii)Computer 8,32,605 8,20,699
TOTAL (1) 123,62,391 30,75,523
2. Advances and other amounts recoverable or for value to be received
a) On capital Account & others to outside parties
i) Modernization of Manak Bhawan HQ 527,36,021 -
ii) Building Construction ROs/BOs -CPWD 628,19,043 568,19,043
iii) Computerization Project:C-DAC 460,00,463 460,00,463
iv) AC Projects, Renovation of Lifts & Canteen-HQ CPWD 140,22,676 140,22,676
v) Others (NICSI, employees & outsiders at HQ/ROs/BOs) 409,49,155 191,18,630
vi) Consumer Welfare Fund(NBCC) 3,32,260 3,32,260
vii) Plan Project Schemes(See Note No. 2.6 of Sch. 17 ) 17,436 17,436
TOTAL (2a) 2168,77,054 1363,10,508
b) Prepaid Expenses 61,32,615 200,97,836
c) Advances to Staff for:
i) Natural calamities - 6,600
ii) Travel 10,05,990 5,74,202
iii) Leave Travel Concession 14,12,476 12,29,834
iv) General Provident Fund 74,37,079 83,79,357
TOTAL (2c) 98,55,545 101,89,993
d) Security Deposits 99,27,436 76,41,238
TOTAL (2) 2427,92,650 1742,39,575
3. Income Accrued
a) On Investments from Earmarked/Endowment Funds & Others
i) BIS Funds 32630,77,835 29309,35,560
ii) General Provident Fund 1876,89,419 1583,38,961
TOTAL (3) 34507,67,254 30892,74,521
4. Claim Receivable
a) Income Tax Refund 399,79,352 323,01,978
b) Service Tax - 17,20,379
c) Goods and Services Tax (Input Tax) 227,72,351 184,73,613
TOTAL (4) 627,51,703 524,95,970
TOTAL(B) 37686,73,998 33190,85,589
TOTAL(A+B) 246059,17,537 193651,76,686
Page 19 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF INCOME EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019
(Amount in Rs.)
Current Year Previous Year
SCHEDULE 8-INCOME FROM SALE/SERVICES
1. Product Certification 55410,11,364 49875,81,796
2. Conformity Assessment(Registration) 7285,50,000 2857,89,000
3. Hallmarking 3338,55,736 2510,53,677
4. Systems Certification 571,80,557 527,40,708
5. Income from Testing 1356,61,329 610,50,698
TOTAL 67962,58,986 56382,15,879
(Amount in Rs.)
Current Year Current Year
SCHEDULE 9-FEE/SUBSCRIPTION
1. Confrences & Training Fees 444,74,478 222,27,278
2. Library Membership Fee 23,75,997 23,94,973
3. Subscription for Standards India Journal - 26,600
TOTAL 468,50,475 246,48,851
Page 20 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF INCOME EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019
(Amount in Rs.)
Investment from Earmarked Fund Investment-Others
Current Year Previous Year Current Year Previous Year
SCHEDULE 10-INCOME FROM INVESTMENTS
(Income on Investment from Earmarked/Endowment Fund transferred to fund)
1 Interest 15777,77,704 14720,49,048 3438,57,411 1355,08,094
2 Rent - - 14,80,294 4,25,652
TOTAL 15777,77,704 14720,49,048 3453,37,705 1359,33,746
(TRANSFERRED TO EARMARKED/ENDOWMENT FUNDS) 15777,77,704 14720,49,048
[Refer Schedule 2, Item b(ii) - Col 7]
Current Year Previous Year
SCHEDULE 11-INCOME FROM ROYALTY, PUBLICATION ETC.
A. INCOME FROM SALE OF STANDARDS
1 Electronic Media 706,98,445 596,21,364
2 Hard copies 191,65,058 356,64,756
3 Margin on Sale of Publications of Overseas Bodies 10,47,940 32,66,141
4 Royalty from reproduction of Indian Standards 5,23,800 -
TOTAL(A) 914,35,243 985,52,261
B. Retrocession from ISO and IEC on Sale of their Publications in
649,57,102 495,06,473
India
TOTAL(A+B) 1563,92,345 1480,58,734
Page 21 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF INCOME EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019
(Amount in Rs.)
Current Year Previous Year
SCHEDULE 12-INTEREST EARNED
On Saving Account 25,90,954 29,03,800
TOTAL 25,90,954 29,03,800
(Amount in Rs.)
Current Year Previous Year
SCHEDULE 13-OTHER INCOME
a) Interest from Conveyance, Computer & House
35,13,762 40,17,116
Building Advances
b) CGHS Contribution 61,83,504 50,61,987
c) Licence Fee- Staff Quarters 4,50,531 5,84,093
d) Miscellaneous Income at HQ 65,65,586 25,84,708
e) Miscellaneous Income at RO/Bos 40,88,821 29,93,330
f) Miscellaneous Income at Laboratories 145,46,321 137,41,092
g) Surplus in GPF Account 85,48,121 124,38,335
h) Recruitment Receipts 119,63,517 184,09,322
TOTAL 558,60,163 598,29,983
Page 22 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF INCOME EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019
(Amount in Rs.)
Current Year Previous Year
SCHEDULE 14 -ESTABLISHMENT EXPENSES
1. PAY & ALLOWANCES
a) Pay 10430,94,441 12883,45,634
b) Allowances and Bonus 3971,28,592 3374,36,016
c) Terminal Leave Encashment 1094,81,199 884,36,851
TOTAL(1) 15497,04,232 17142,18,501
2. RETIREMENT BENEFITS
Employer's Contribution to National Pension Scheme 341,29,228 368,72,242
TOTAL(2) 341,29,228 368,72,242
3. WELFARE EXPENSES
a) Medical Benefits-Employees 294,19,815 249,71,027
b) Medical Benefits-Pensioners 434,15,912 333,40,451
c) Staff Welfare 192,56,056 113,32,759
d) Leave Travel Concession 226,81,960 121,32,778
TOTAL(3) 1147,73,743 817,77,015
TOTAL(1+2+3) 16986,07,203 18328,67,758
Page 23 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF INCOME EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019
(Amount in Rs.)
Current Year Previous Year
SCHEDULE 15 -OPERATIONAL AND ADMINISTRATIVE EXPENSES
1. TRAVELLING EXPENSES
a) Overseas 149,04,251 4,19,777
b) Domestic 595,20,772 462,04,458
c) Committee Members 1,05,018 1,44,461
TOTAL(1) 745,30,041 467,68,696
2. SUBSCRIPTION TO INTERNATIONAL ORGANISATIONS
a) International Standards Organization 344,59,329 347,09,433
b) International Electrotechnical Commission 106,66,182 106,31,897
TOTAL(2) 451,25,511 453,41,330
3. PRINTING
a) Standards 55,12,580 35,77,500
b) Bulletin 13,20,469 2,32,918
TOTAL(3) 68,33,049 38,10,418
4. TESTING & SURVELLIANCE
a) Testing Charges 2548,47,470 1643,68,618
b) Laboratory Consumables and Repair & Maintenance of Laboratory
112,68,771 97,23,168
Equipments
c) Market Samples 35,53,167 31,24,373
d) Hiring of Taxies for Inspection Work 86,99,885 73,33,742
e) Freight and Cartage 201,35,949 158,45,402
TOTAL(4) 2985,05,242 2003,95,303
5. PUBLICITY 1756,43,483 1588,22,359
6. OFFICE EXPENSES
a) Stationery 161,89,445 161,64,699
b) Postage 60,45,544 70,09,242
c) Telephone 108,69,343 116,63,021
d) Recruitment 21,30,489 3,01,095
e) Refreshment and Entertainment 17,42,139 16,25,131
f) Liveries 6,60,990 1,60,021
g) Insurance and Bank Charges 21,66,263 17,75,450
h) Miscellaneous 29,78,389 27,12,475
i) Rent and Statutory Taxes 329,57,692 541,12,009
j) Electricity and Water Charges 510,22,010 453,50,583
k) Taxi Hiring Charges 140,45,823 104,44,142
TOTAL(6) 1408,08,127 1513,17,868
Page 24 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULES FORMING PART OF INCOME EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019
(Amount in Rs.)
Current Year Previous Year
SCHEDULE 15 -OPERATIONAL AND ADMINISTRATIVE EXPENSES
7. REPAIRS AND MAINTENANCE
a) Furniture and Office Equipment 100,77,311 87,23,360
b) Building 288,86,129 170,08,872
c) Vehicles 4,60,747 7,76,020
TOTAL(7) 394,24,187 265,08,252
8. CONFERENCES, CONSUMER AWARENESS AND TRAINING
PROGRAMME
a) Conferences, Seminars and Consumer Awareness Programmes 259,19,471 146,23,107
b) Training Expenses in NITS 112,77,620 68,88,373
TOTAL(8) 371,97,091 215,11,480
9. OTHER EXPENSES
a) IT Services Expenses 183,11,402 271,04,365
b) Library Subscription and Expenses 3,41,030 3,74,864
c) Audit Fees and other Consultancy Charges 74,22,778 76,21,744
d) Legal charges 80,15,505 79,00,089
e) Labour Expenses including Houskeeping & Security 1263,36,681 1009,69,060
f) Hiring of Technical Manpower-Young Professional & Graduate Engineer Trainee
213,86,738 50,20,774
g) Hiring of Consultants and Consultancy Charges 24,31,067 -
h) Bad Debts & losses written off 92,153 8,963
i) Quality System Charges 154,70,830 84,18,711
j) Staff Training 112,98,153 12,86,448
k) Hindi Promotional Activities 30,05,129 42,67,283
l) Enforcement outsourcing Expenses 2,91,816 2,19,882
m) Exchange Rate Variation 17,71,860 4,86,180
n) CENVAT Credit Expenses/Input Tax Credit foregone 18,32,977 15,49,456
o) R&D Projects - 13,19,589
TOTAL(9) 2180,08,119 1665,47,408
TOTAL(1 to 9) 10360,74,850 8210,23,114
Page 25 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULE FORMING PART OF THE ACCOUNTS FOR THE PERIOD
ENDED 31st MARCH 2019
SCHEDULE.16 - SIGNIFICANT ACCOUNTING POLICIES
1. ACCCOUNTING CONVENTION
The Financial Statements are prepared on the basis of historical cost
convention, unless otherwise stated and generally on the accrual method of
accounting except the Certification Income and the interest due on default
investments which are accounted on cash basis.
2. INVENTORIES
The value of Stock of Indian Standards and other publications are not
accounted for as a matter of policy. However, the Stock of Paper,
Laboratory Consumables, Spares, Stationery and gold are valued at cost.
3. INVESTMENT
3.1 The Investments are usually carried at cost.
3.2 The premium paid on acquisition of permanent investment is amortized on a
time proportion basis upto the date of maturity.
4. FIXED ASSET
4.1 Fixed Assets are stated at Cost of acquisition inclusive of inward Freight,
Duties and Taxes.
4.2 Fixed Assets acquired out of Grants/Assistance from Ministries are
capitalized at values stated, by corresponding credit to Corpus/ Capital
Fund.
4.3 Fixed Assets received by way of non-monetary grants are capitalized at
values stated by corresponding credit to Corpus/Capital Fund.
5. DEPRECIATION
Depreciation is provided on written down value method as per the rates
specified in the Income Tax Act 1961.
6. GOVERNMENT GRANTS/ASSISTANCE
6.1 Government Grants/Assistance are accounted on realization basis.
Page 26 of 40
6.2 All Government Grants/Assistance from Ministries and their utilization are
shown in the Earmarked/Endowment Fund Schedule.
6.3 The Government Grants/Assistance utilized towards Capital Cost of setting
of projects and acquisition of Fixed Asset are shown as addition to
Corpus/Capital Fund.
7. FOREIGN CURRENCY TRANSACTIONS
7.1 Transactions denominated in Foreign Currency are accounted at the
exchange rate prevailing at the date of the transaction.
7.2 Current Liabilities are converted at the exchange rate prevailing as at the
end of the year and the relevant gain/loss is transferred to Income &
Expenditure Account.
8. PAY & ALLOWANCES
The payments of Pay & Allowances and leave encashment are charged to
Income & Expenditure Account on cash basis under Pay and Allowances.
9. RETIREMENT BENEFITS
9.1 Liability towards Pension of retired employees and pension & gratuity of
existing employees for past service based on the Actuarial Valuation is
accrued and provided in the Pension/Gratuity Liability Fund Account shown
under the Schedule - Earmarked/Endowment Fund.
9.2 Based on the Actuarial Valuation Report, Annual Contribution to the Fund is
provided in the Income & Expenditure Account with corresponding credit to
Pension/Gratuity Liability Fund Account.
9.3 The actual payments of all pensionary benefits and recurring pension during
the year are debited to Pension & Gratuity Liability Fund Account.
10. LOANS TO EMPLOYEES
The Interest on House Building, Conveyance and Computer Loan given to
employees is accounted on cash basis after the recovery of the principal
amount of Loan.
11. GPF ACCOUNTS
The surplus/deficit in the GPF Account of employees are treated as
income/expense of the Bureau.
Page 27 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULE FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED
31st MARCH 2019
SCHEDULE.17CONTINGENT LIABILITIES AND NOTES ON ACCOUNTS
1. CONTINGENT LIABILITIES
1.1 Disputed Demands of Service Tax(excluding penalty and interest):- These
disputed demands relate to service tax on revenue sharing receipts from
Hallmarking & Assaying Centres, payment of membership fee to ISO/IEC,
Library membership fee and Service-tax liability under reverse charge
mechanism which has been contested by BIS at following offices:
Amount (` in lakh)
(i) BIS (HQ) New Delhi 388.35
(ii) Southern Regional Office 91.65
(iii) Western Regional Office 75.78
(iv) Patna Branch Office 1.05
(v) Hyderabad Branch Office 0.21
1.2 NBCC, the consultant for the Jaipur Building and Training Institute Building
NOIDA:- NBCC has claimed payment of ` 27.60 lakh and ` 17.04 lakh for the
works carried out at Jaipur and NITS Noida Buildings respectively. However,
physical verification of the work done by the contractor(s) is not yet completed as
some corrective actions are yet to be taken by NBCC and the settlement of accounts
with them is under progress. As the amount payable is subject to physical verification
as per the contract, therefore, these claims have not been taken as Addition to Assets
and Liabilities as on 31.03.2019. It had been decided by EC that no payment shall be
released to NBCC against these two projects till settlement of the issues in the New
Central AC Plant at Headquarter.
1.3 Suit No. 3016 of 2010 in Hon'ble Bombay High Court:- Contingent Liability of
` 73,82.90 lakh alongwith interest may arise due to damages claimed by
M/s. National Food Products(India) Pvt. Ltd. from BIS, for the alleged loss suffered
by them for the delay in renewal of their licence for Packaged Drinking Water.
1.4 Bank Guarantee: Bank Guarantee of ` 5.00 lakh valid upto 05.01.2020 was issued
by Syndicate Bank in favour of Director General of Disasters, Response & Fire
Services, Hyderabad.
Page 28 of 40
2. NOTES ON ACCOUNTS
2.1 Capital Commitments: The value of the contract remaining to be executed on
Capital Account and not provided for (net of Advances) are given as under:
(Amount in crores)
Sl. No. Project Total Payment Value of
Estimated made to contract
Cost CPWD/ remaining to
Agency be executed
(i) Modernization of Manak Bhawan 8.89 5.26 3.63
(ii) Air Conditioning of HQ Building 17.02 15.70 1.32
Construction of Chandigarh
(iii) Regional Office Building and 17.04 13.00 4.04
Jammu Office Building
Construction of Building at Raipur
(iv) 5.89 1.97 3.92
Branch Office
Construction of Rajkot Office
(v) 5.38 4.00 1.38
Building
Renovation of Northern Regional
(vi) 1.02 0.55 0.47
Office Laboratory Building, Mohali
(vii) Replacement of lifts of BIS:HQ 1.13 0.90 0.23
(viii) Renovation of Canteen of BIS:HQ 0.96 0.46 0.50
Renovation of Bangalore Office
(ix) 3.70 3.07 0.63
Building
Modernization of Training
Institute Building at Noida from
(x) 6.51 6.43 0.08
the assistance received from the
Government under Plan Fund
2 .2 Pension & Gratuity Liability Fund Account (Schedule 2-column 7)
2.2.1 According to the Actuarial Valuation Report submitted by M/s. Nalin Kapadia,
Consultant & Actuaries, registered with SEBI by following the guidelines given in
AS-15 of Institute of Chartered Accountants of India and the guidelines of the
Actuaries Society of India, the total accrued Pension & Gratuity Liability of BIS as on
31.03.2019 amounted to ` 17,16.43 crore as under:
Sl. Amount
Accrued Liability towards
No. in crore
Accrued pension liability for existing pensioners (` 1029.83 crore)
1. 11,77.57
and family pensioners (` 147.74 crore)
Accrued Pension Liability of existing employees for their past
2. 4,55.52
service
Accrued Gratuity Liability of existing employees under CCS Pension
3. 83.34
Rules (` 74.80 crores) and NPS (` 8.54 crores)
Total 17,16.43
The above liability as per actuarial valuation as on 31.03.2018 amounted to
` 16,75.94 crore.
Page 29 of 40
2.2.2 The position of the Pension & Gratuity Liability Fund as on 31.03.2019 is given as
under:
i) Opening Balance in the Fund:- The amount available in the Pension & Gratuity
Liability Fund Account as on 01.04.2018 amounted to ` 16,75,94,16,663.
ii) Interest earned by the Fund:- The total interest earned during 2018-19 on
investments of Pension & Gratuity Liability Fund and Corpus/Capital Fund of BIS
on accrual basis amounted to ` 1,92,16,35,115. This has been apportioned
between these two funds in the ratio of opening balance of investment against
these funds as on 01.04.2018 as given below:
(Amount in Rs.)
Investment Opening Balance of Interest of ` 192,16,35,115
Investments as on for 2018-19 apportioned in
01.04.2018 the ratio of opening
balance of Investments as
on 01.04.2018
Investment towards Pension & Gratuity 1675,94,16,663 157,77,77,704
Liability Fund A/c {total of Schedule 5
(Item1) and Schedule 7A, Item 4(a)(iii)(A)(I)}
General Investments towards Corpus/ 365,25,10,502 34,38,57,411
Capital Fund A/c {Schedule 7A, Item
4(a)(iii)(B)}
Total 2041,19,27,165 192,16,35,115
Accordingly, the interest earnings of ` 157,77,77,704 have been credited to
"Pension & Gratuity Liability Fund Account" (Schedule 2 Column 7) and the
remaining interest earnings of ` 34,38,57,411 appear in the Income &
Expenditure Account (Refer Schedule 10).
iii) Payments made from the Fund :- The total net payments of pension,
commutation and gratuity during 2018-19 amounted to ` 103,00,18,540 {Gross
payments ` 103,32,92,260 minus receipts from deputationists etc. ` 32,73,720}
This has been debited to `Pension & Gratuity Liability Fund Account'
{Schedule 2, column 7}.
iv) Closing balance in the Fund:- As a result of above transactions, the balance in
the Pension & Gratuity Liability Fund A/C as on 31.03.2019 amounts to
` 1730,71,75,827(Schedule 2, column 7).
2.2.3 Since the amount available in the Pension & Gratuity Liability Fund Account as on
31.03.2019 amounted to ` 1730.72 crores as against the actuarial valuation of
` 1716.43 crores therefore, no charge has been made for this fund in the Income &
Expenditure Account and the entire revenue surplus of ` 461.32 crores for the year
2018-19 has been carried to Capital/Corpus Fund of BIS
2.3 National Pension Scheme Fund:- The National Pension Scheme(NPS) is applicable
to all employees who joined BIS after 01.01.2004. The employees' contribution and
BIS contribution in respect of those who are enrolled with the Regulator are
remitted to PFDRA on monthly basis. However the employees contribution and BIS
contribution in respect of employees who are yet to be enrolled with the Regulator is
kept with BIS under NPS Fund Account and is invested by BIS. The interest
calculated at the rate equivalent to the interest rate of GPF is credited to their
Page 30 of 40
accounts. The balance in the NPS Fund with BIS as on 31.03.2019 amounted to
` 19,95,125 {Schedule 2, column 6}.
2.4 Investment of BIS Funds
2.4.1 The total investments of BIS Funds: The total Investments of BIS as on
31.03.2019 amounted to ` 2520,50.90 lakh which represents various funds as under:
(Rupees in lakh.)
Funds against which the Investment in Investment in Central Total
Investment is represented Fixed Deposits Govt. Investment
of PSU Bank Securities/Bonds of
PSUs*
i) Pension & Gratuity Liability Fund 1233,30.85 4,97,40.90 1730,71.75
General Investment of BIS
ii) 789,59.20 - 789,59.20
representing Corpus/ Capital Fund
iii) National Pension Scheme Fund 19.95 - 19.95
Total Investment 20,23,10.00 4,97,40.90 25,20,50.90
(shown under
(shown under item No.
Schedule 7(A)
1 of Schedule 5)
(item 4(a)(iii)
*(includes premium paid on purchase of Government of India Securities)
The details of total investments of ` 2520,50.90 lakh as on 31st March 2019 are
given in Schedule 18.
2.4.2 BIS had made investment of ` 200.00 lakh in the bonds of U.P. Cooperative &
Spinning Mills Federation Ltd. (UPCSMFL), an undertaking of Uttar Pradesh
Government on 17.12.1998 @ 16% per annum. UPCSMFL had defaulted in the
payment of interest and principal on maturity dates. The maturity of principal was due
on 30.04.2003(33%), 30.10.2003(33%) and 30.04.2004(34%). The interest is under
default since 01.05.2000 which amounts to ` 128.00 lakh till date of maturity at
coupon rate. BIS had filed a case through Petition No. 451/2002 before the Hon'ble
National Consumer Disputes Redressal Commission (NCDRC). The Hon'ble NCDRC
pronounced its judgement on 01.02.2016 and ordered the opposite party No.
01(UPCSMFL) & opposite party No. 02(Government of Uttar Pradesh, the guarantor)
to pay a sum of ` 200 lakh jointly and severally to BIS alongwith the interest @ 9%
only from 01.05.2000 till the date of realization. A Caveat Petition has also been filed
by BIS in the Hon'ble Supreme Court on 03.03.2016.
The UPCSMFL filed the Review Petitions No. 48/2017 & 138/2017 praying the
Hon'ble NCDRC to (i) allow this Review Petition and recall order dated
01 February 2016 passed by this Hon'ble Court in Original Petition No. 451/2002, and
(ii) set aside order 01 February 2016 passed by this Hon'ble Court in Original Petition
No. 451/2002 and hear this case afresh. The Review Petitions were dismissed by
Hon'ble NCDRC. The Hon'ble NCDRC has issued Dasti Notice of E.A. No. 43 of
2016 and of all M.A.s filed therein to the Respondents/Judgement Debtors and to the
official Liquidator. The said Executive application is listed for 4th July 2019 in Hon'ble
NCDRC.
Page 31 of 40
2.5 Plan Scheme for setting up of Gold Hall Marking/Assaying Centres in India
with central assistance: This scheme is being operated by BIS on behalf of the
Ministry of Consumer Affairs, Food & Public Distribution, Department of Consumer
Affairs, Govt. of India. The Department of Consumer Affairs vide its letter
No. 8/2/2004-BIS dated 30.09.2005 had conveyed the sanction to the Scheme for
setting up of Gold Hall Marking/Assaying Centres in India with central assistance.
The funds of ` 1,00,00,000 were received from the Government during 2018-19.
The unspent balance under the Scheme as on 31.03.2019 amounted to ` 78,36,976
which has been carried over to 2019-20. ( Schedule 2, column 1).
2.6 Plan Schemes of Govt. of India- "National System for Standardization(NSS)
Strengthening Standardization at National & International Level " (Schedule 2,
column 2): The position of funds received, funds spent by BIS during 2018-19 and
the unspent balance as on 31.03.2019 under the two schemes that are being
implemented by BIS on behalf of the Ministry of Consumer Affairs, Food & Public
Distribution, Department of Consumer Affairs, Government of India is given as under:
(Amount in Rs.)
Sl. Scheme/Particulars NSS-Strengthening Consumer Total
No. Standardization at Education and
National and Training, HRD
International Level and Capacity
Building
Balance as on
(i) 42,38,799 6,19,34,202 6,61,73,001
01.04.2018
Funds received from
(ii) 1,00,00,000 1,00,00,000
DoCA in 2018-19 -
Interest earned credited
(iii)(a) 1,15,626 1,220 1,16,846
to Scheme A/c
(iii)(b) Other Receipts - -
(iv) Total {(i) + (ii) + (iii)} 1,43,54,425 6,19,35,422 7,62,89,847
(v) Expenditure in 2018-19
(a) Capital - -
(b) Revenue 1,29,77,882 - 1,29,77,882
Interest refunded/to be
(c ) 12,67,661 - 12,67,661
refunded to DoCA
Total Expenditure in
1,42,45,543 - 1,42,45,543
2018-19 v{(a)+(b)+(c)}
Balance as on
31.03.2019 {(iv) (v)}
(vi) 1,08,882 6,19,35,422 6,20,44,304
{as per Schedule
2,column 2}
Capital Work in -
(vii) Progress against the 6,42,82,564 6,42,82,564
fund (refer Schedule 4)
Funds Available as on
(viii) 1,08,882 ( 23,47,142)*
31.03.2019
*The amount spent in excess of the funds available has been reflected as Accounts
Recoverable from DoCA,GOI [ Refer Sch. 7 (A) Item 2C (ii)]
Page 32 of 40
2.7 New Central AC Plant for Manak Bhawan Building by NBCC - The project of
Installation of New Central AC Plant for Manak Bhawan at HQ was initiated in the
year 2003-04. National Building Construction Corporation (NBCC) was appointed
as Project Management Consultant(PMC) for the project. The payment of
` 86.07 lakh was made to NBCC. However, the project was stopped in June 2006.
The settlement of Account could not be made due to dispute regarding the manner of
calculation of consultancy charges payable to NBCC. It was, therefore, decided
that no payment shall be released to NBCC against other projects namely
Construction of JBO Building and NITS Noida till the settlement of accounts with
NBCC towards this project. The payments of ` 86,07,396 made upto 2008-09 under
this project have been shown as Capital work-in-progress in the Schedule of Fixed
Assets[Schedule 4]. Executive Committee(EC) in its 79th meeting held on
27 March 2008 had decided to close the contract and agreement with NBCC and
also approved the project related to air conditioning of both Manak Bhawan &
Manakalaya, and related civil and electrical works to be undertaken through CPWD.
This Project by CPWD has been executed and the AC plant is in operation.[(refer
Note No. 2.1(ii)].
2.8 Capital Expenditure out of BIS Funds
2.8.1 The capital expenditure out of BIS Funds (including adjustment of advances/Capital
WIP) during 2018-19 amounted to ` 610,83,141 as under ( Refer Schedule 4):
(Amt. in Rs.)
Addition to Fixed Assets 2018-19
Land & Building 77,08,300
Furniture, Office Equipments & Computers 340,82,919
Laboratory Equipments 181,44,866
Library Books 3,25,302
Vehicles 8,21,754
Total 610,83,141
2.8.2 Capital Work-in-Progress : The Capital work-in-progress reflected under Fixed
Assets Schedule(Schedule 4) includes various building projects and Air-
Conditioning project at HQ. The project-wise amount of capital work-in-progress
reflected in Schedule 4 is given in the following table:
(Amount in lakh)
Sl. No. Project Capital work in
progress as on
31.03.2019
(i) Construction of Chandigarh Regional Office Building and 98.84
Renovation of Northern Regional Office Laboratory
Building, Mohali-CPWD
(ii) Construction of Rajkot Office Building-CPWD 395.94
(iii) Construction of Jammu Office Building-CPWD 423.36
(iv) Modernization of Training Institute Building at Noida from 642.83
the assistance received from the Government under
Plan Fund-CPWD
(v) Air Conditioning of HQ Building-CPWD 1520.36
(vi) Replacement of lifts of BIS:HQ-CPWD 22.63
(vii) Renovation of Canteen of BIS:HQ-CPWD 22.73
(viii) Central AC Plant (through NBCC-discontinued) (please 86.07
refer note 2.7)
Total 3212.76
Page 33 of 40
The expenditure on NRO building project at Sl. (i) has been capitalized except for the
amount given above. Although, the buildings at Sl. (ii) to (iv) have already been
occupied by BIS and the projects at Sl. (v to vii) have also been completed, however,
the expenditure incurred on these buildings could not be capitalized as on 31.03.2019
in the absence of category-wise & item-wise inventory statements which have not
been provided by CPWD. Therefore, depreciation on these Buildings could not be
provided. The expenditure on these buildings will be capitalized and depreciation will
be charged after the detailed statements are received from CPWD.
2.09 Surplus in General Provident Fund Accounts: There was a surplus (i.e. excess of
income over expenditure) of ` 85,48,121 in BIS Employees General Provident Fund
Accounts during 2018-19. This surplus is due to higher yield earned by BIS on
investments of GPF as compared to the interest credited to subscribers Accounts.
This has been treated as income of the Bureau as per the Accounting Policy
[Schedule 13 Item (g)].
2.10 Income-Tax Exemption:
2.10.1 Central Board of Direct Taxes(CBDT), Department of Revenue, Ministry of Finance,
Govt. of India, vide its Notification No. 88/2014 dated 23.12.2014 had notified BIS
under Section 10 (46) of Income-tax Act, 1961 for the Assessment Years 2012-13 to
2016-17. The CBDT has further notified BIS under this section for the Assessment
Years 2017-18 to 2021-22 vide Notification No. 111/2016 dated 01.12.2016. As a
result of this notification of CBDT, the income of BIS is not taxable till Assessment
Year 2021-22.
2.10.2 Income-tax Exemption granted to BIS under section 10(23)(c)(iv) which was
withdrawn by DG:IT(E) vide order dated 24.02.2012 from Assessment Year 2009-10
and onwards was restored by it vide order dated 04.12.2012 in compliance with the
order of Hon'ble High Court of Delhi. Therefore, the tax exemption of BIS under
section 10(23)(c)(iv) of Income Tax Act is also available. The DG IT(E) had filed
SLP in Hon'ble Supreme Court under Article 136 of the Constitution of India against
allowing the Writ Petition of BIS by the Hon'ble High Court of Delhi. The SLP filed by
DG:IT(E) has been converted into Civil Appeal which is pending in the Hon'ble
Supreme Court.
2.11 The Annual Accounts have been prepared in the Uniform Formats of Accounts
prescribed by the Ministry of Finance.
2.12 The previous year figures have been re-grouped wherever found necessary to make
them comparable with current year groups and figures.
2.13 Figures in Final Accounts have been rounded off to the nearest rupee.
Page 34 of 40
BUREAU OF INDIAN STANDARDS
SCHEDULE 18: INVESTMENT
(Amount in Lakh)
Sl. No. Name of Institution Investment at Indicative
cost Market Value of
investment*
1 INVESTMENT OF BIS FUNDS
1.1 Investment with Banks in Fixed Deposits
1.1.1 Andhra Bank 17900.00 17900.00
1.1.2 Bank of India 2189.00 2189.00
1.1.3 Canara Bank 16160.00 16160.00
1.1.4 Corporation Bank 11740.00 11740.00
1.1.5 Industrial Development Bank of India 7050.00 7050.00
1.1.6 Indian Bank 8180.00 8180.00
1.1.7 Punjab & Sind Bank 9360.00 9360.00
1.1.8 Punjab National Bank 61766.00 61766.00
1.1.9 State Bank of India
State Bank of Bikaner & Jaipur 10740.00
State Bank of India 4050.00
State Bank of Mysore 2280.00
State Bank of Patiala 13170.00
State Bank of Travancore 3200.00 33440.00 33440.00
1.1.10 Syndicate Bank 5905.00 5905.00
1.1.11 Vijaya Bank 28620.00 28620.00
TOTAL (1.1) 202310.00 202310.00
1.2 Government of India Securities - Quoted
Face Value 46310.40
Premium (Net of amortization) 3230.5 49540.90 48655.64
TOTAL (1.2) 49540.90 48655.64
1.3 Investment with PSUs & Financial Institutions
in Bonds & Deposits
1.3.1 U.P. Co-operative Spinning Mills Federation 200.00 200.00
Ltd.(UPCSMFL) Bonds (see note 2.4.2 of
Schedule 17)
TOTAL (1.3) 200.00 200.00
TOTAL 252050.90 251165.64
TOTAL INVESTMENT OF Rs.252050.90
LAKH OF BIS REPRESENTS FOLLOWING
FUNDS:
(see Note 2.4.1 of Schedule 17)
a) Pension & Gratuity Liability Fund Account:
Under Schedule 7(A),Item 4(a) (iii) (A) (I) 123330.85
Under Schedule 5 (Item 1) 49740.90 173071.75
b) Corpus/Capital Fund
under Schedule 7(A) Item 4(a)(iii)(B) 78959.20
c) National Pension Scheme Fund 19.95
Under Schedule 7(A) Item 4(a)(iii)(A)(III)
Total Investments of BIS Funds --------------
252050.90
Page 35 of 40
2 INVESTMENT OF EMPLOYEES FUND
2.1 General Provident Fund{(see Schedule 5 and
Schedule 7(A), item 4(a)(iii)(A)(II)}
2.1.1 Government of India Securities - Quoted 2544.27 2656.48
2.1.2 State Government Securities - Quoted 4337.63 4504.68
2.1.3 Special Deposits with RBI 3127.08 3127.08
2.1.4 Debentures and Bonds of PSUs & Financial 895.70 914.36
institutions - Quoted
2.1.5 Equities and related investment-Mutual Funds - 170.00 231.30
Quoted
2.1.6 Fixed Deposits with Banks 2985.81 2985.81
TOTAL(2) 14060.49 14419.71
GRAND TOTAL(1+2) 266111.39 265585.35
NOTE* :
Market Value of investments have been made available by BIS Fund Manager M/s. IDBI Capital
Markets & Securities Ltd., Mumbai . The securities have been valued at market price where market
quotes were available or at face value/purchase price if the market quotes are not available. The
market quotes were not available in respect of UPCSMFL Bonds. The Fixed Deposits with Banks
have been shown at face values. The break-up is as follows:
The aggregate quoted investment 57488.50 (Market value 56962.46)
The aggregate unquoted investment 208622.89
(including fixed deposits)
---------------------------
Total Investment 266111.39
Page 36 of 40
RECEIPTS & PAYMENTS ACCOUNT
Amount in Rupees
A. RECEIPTS & PAYMENTS ACCOUNT OF BUREAU OF INDIAN STANDARDS FOR THE YEAR 2018-19
RECEIPTS PAYMENTS
PARTICULARS Current Year Previous Year PARTICULARS Current Year Previous Year
I. Opening Cash and Bank Balances 264,596,202 225,149,104 I. Establishment & Administrative Expenses 2,537,096,573 2,587,102,325
II. Grants received from Govt. of India 20,000,000 20,000,000 II. Payments made against Funds for
various Projects
III. Interest received on Investments 1,625,740,123 1,022,264,803 a) Scheme for setting up of Hall Marking Centres 5,191,262 7,268,312
b) Quality Infrastructure for Consumer Protection-XIth Plan 14,129,917 17,460,744
IV. Income from Earmarked Endowment 458,094 500,215
III. Investments and Deposits made (Net) 4,816,300,000 2,962,648,900
V. Interest received- Saving Bank Accounts 2,590,954 2,903,800
IV. Expenditure on Fixed Assets 42,712,808 51,596,340
VI. Quality Infrastrucutre for Consumer Protection- 0 V. Other Payments
XIth Plan
a) Current Assets, Current Liabilities and Inter Accounts (Net) 1,564,312,131 1,348,841,630
VII. Income- Services, Sales and Miscellaneous 7,317,617,495 5,966,353,078 b) Pension/Gratuity Benefits 1,033,264,210 1,239,160,137
c) Benevolent Fund Benefits 400,000 100,000
VIII. Other Receipts VI Closing Balance
a) Pension & Gratuity Liability Fund 1,032,973,720 1,241,341,630 - Cash and Imprest 221,061 294,416
b) Benevolent Fund 243,660 261,960 - Bank 250,592,286 264,301,786
TOTAL 10,264,220,248 8,478,774,590 TOTAL 10,264,220,248 8,478,774,590
B. RECEIPTS & PAYMENTS ACCOUNT OF GENERAL PROVIDENT FUND FOR THE YEAR 2018-19
I. Opening Bank Balance 927,934 5,409 I. Withdrawals & Final Payments 358,548,612 310,564,984
II. Interest Received on Investments 100,654,053 97,741,649 II. Advances to employees 4,355,000 5,390,484
III. Employees' Subscriptions 216,108,029 231,247,778 III. Death Linked Insurance 180,000 120,000
IV. Refund of advances 2,889,690 2,728,429 IV. Investments and Deposits made(net) 47,003,220 60,628,303
V. Other Receipts - Current Assets 94,900,000 51,834,000 V. Other Payments
a) Current Liabilities - 6,180,536
VI. Interest received- Saving Bank Accounts 261,817 256,059 b) Bank Charges 1,767 1,083
VI. Closing Bank Balance 5,652,924 927,934
TOTAL 415,741,523 383,813,324 TOTAL 415,741,523 383,813,324
Page 37 of 40
BIS OFFICES
Headquarters Telephones
Manak Bhavan, 9 Bahadur Shah Zafar Marg, New Delhi110002 01123230131
Email: info@bis.org.in, Website: www.bis.org.in Fax: +911123239402, 23230131 01123233375
NITS
Plot No. A2021, Industrial Area, Sector 62, Gautam Budh Nagar, Noida201307 01204670232
Regional Offices
Central: Manak Bhavan, 9 Bahadur Shah Zafar Marg, New Delhi110002 01123237617
Eastern: 1/14 CIT Scheme VII M, V.I.P. Road, Kankurgachi, Kolkata700054 03323208499
Northern: SCO 335336, Sector 34A, Chandigarh160022 0172 2659072
Southern: C.I.T. Campus, IV Cross Road, Chennai600113 04422541442
Western: Manakalaya, E9 MIDC, Behind Marol Telephone Exchange,
Andheri (E), Mumbai400093 02228329295
Branch offices
Andhra Pradesh
M4 Block, Manoranjan Complex, M.J. Road, Nampally, Hyderabad500001 04024731082
1st Floor, Udyog Bhavan, VUDA Complex, Siripuram Junction,
Vishakhapatnam530003 08912712833
Bihar
Patliputra Industrial Estate, Patna800013 06122262808
Chhatisgarh
Govind Sarang Complex, 2nd Floor, New Rajendra Nagar, Raipur492006 07712419404
Gujarat
'Pushpak' Nurmohamed Shaikh Marg, Khanpur, Ahmedabad380001 07925601348
NSIC Technical Service Centre, Ist floor, Bhavnagar Road,
Aji Industrial Area, Rajkot360003 02812385160
Haryana
SCO 21, Sector 12, Faridabad121007 01292292175
Himachal Pradesh
H.No.15, Sector3, Parwanoo, Distt Solan173 220 0792235437
Jharkhand
F/10A, Namdih Road, P.O. Burmamines, Jamshedpur831007 06572345481, 2345498
Jammu & Kashmir
Lane No. 4, SIDCO Industrial Complex, Bari Brahmana, Jammu 181133 01923-222690, 222696
Page 38 of 40
Karnataka
Peenya Industrial Area, 1st Stage, BangaloreTumkur Road, Bangalore560058 08028394955
Kerala
II Floor, Vankarath Towers, Signal Junction, NH Bye Pass Road,
Palarivattom, Kochi682024 0484341174/75/76
Maharashtra
Plot No. 657660, Market Yard, Gultkdi, Pune411037 02024274804
N.I.T Building, Second floor, Gokulpat Market, Nagpur440010 07122565171
Madhya Pradesh
Commercialcumoffice Complex, Manakalaya, Opp. Dushera Maidan,
E5, Arera Colony, Bittan Market, Bhopal462016 07552423449
NorthEast
2nd Floor, West End Block, HOUSEFED Building Complex,
Beltola Basistha Road, Dispur, Guwahati781006 03612225937
Adjacent to R & C Laboratory, Durgapur Steel Plant, Durgapur713 203 03432583178
Orissa
62/63, Ganga Nagar, Unit VI, Bhubaneshwar 751001 06742393627
Rajasthan
Prithavi Raj Road, Opposite Bharat Overseas Bank, CScheme, Jaipur302001 01412223282
Tamilnadu
5TH Floor, Kovai Towers, 44 Bala Sundaram Road, Coimbatore641018 04222240141
Uttaranchal
C43, Sector 1, Defence Colony, Dehradun248001 01352665272
Uttar Pradesh
Savitri Complex, 116 G.T. Road, Ghaziabad201001 01202861498
4th Floor, B2 Block, PICUP Bhawan, Gomtinagar, Lucknow226010 05222306664
Page 39 of 40
LABORATORIES OF BIS
Laboratory in Regions
Central Region
Plot No. 20/9, Site IV, Sahibabad Industrial Area, Sahibabad201010 01204177100
Eastern Region
P230, C.I.T. Scheme VII M, BlockW, Kankurgachi, Kolkata700054 0332355658
Northern Region
B69, Phase VII, SAS Nagar, Industrial Focal Point, Mohali160051 01723246935
Western Region: E9, M.I.D.C., Behind Marol Telephone Exchange,
Andheri (East), Mumbai400093 02228327856
Southern Region: C.I.T Campus, IV Cross Road, Chennai600 113 04422541208
Laboratory in Branches
Peenya Industiral Area, Ist Stage, BangaloreTumkur Road, Bangalore560058 08023721442
Pataliputra Industrial Estate, Patna800013 06122262808
2nd Floor, West End Block, HOUSEFED Building Complex, Beltola Basistha Road,
Dispur, Guwahati781006 03612225937
Page 40 of 40
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