Your Directors have pleasure in presenting 24th Annual Report together with
Audited Statements of Accountants of the Company for the year ended March 31, 2013.
During the year 2012-13 BIBCOL has recorded highest ever turnover of Rs. 17279.78 lacs
an increase of about 273% from previous year. Profit before tax also increased to 15% to
Rs. 687.33 lacs.
In view of carry forward losses your Directors have not recommended any dividend for
the current year.
BIBCOL has been working on development of dispersible Iron -Folic Acid tablets for
treatment of anemia, Mineral Vitamin Mix powder and high energy food for severely
malnourished children. Company is expecting commercialization of these products in the
Your company has not accepted/ invited any Deposits from public pursuant to Section 58A
of the Companies Act, 1956 till the end of the year under review.
There is no variation in the composition of Board of Directors during the year 2012-13
LISTING OF SECURITIES
The shares of the company are listed with below mentioned Stock Exchanges:
(a) The Bombay Stock Exchange, Mumbai
(b) The U. P. Stock Exchange Association Limited, Kanpur.
(c) The Delhi Stock Exchange Limited, New Delhi.
The company has paid annual listing fee to the above Stock Exchanges for the year
M/s. Rasool Singhal & Associates, Chartered Accountants have been appointed as
Statutory Auditors of the Company by Comptroller and Auditor General of India for the
period under review. Comments on the observation of the Auditors` / CAG are given as
addendum to Director`s Report and are self-explanatory and/or suitably explained in
various Notes on the Accounts.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND F OREIGN EXCHANGE EARNINGS AND OUTGO.
In accordance with the provisions of Sec. 217 (i) e) of the Companies Act, 1956 and the
Companies (Disclosure of particulars in the report of Board of Directors) Rules, 1988 the
required information relating to conservation of energy, technology absorption and foreign
exchange outgo is available at Annexure and forms an integral part of this report.
PERSONNELAND INDUSTRIAL RELATIONS:
Industrial and personal relations were more or less satisfactorily at all levels during
PARTICULARS OF THE EMPLOYEES:
None of the employees is drawing remuneration beyond the monetary ceiling prescribed
under section 217 (2A) of the Companies Act, 1956 read with Companies (Particular of
Employees) Rules, 1975 as amended.
DIRECTOR`S RESPONSIBILITY STATEMENT:
As required under Section 217 (2AA) of the Companies Act, 1956, the Directors state:
1. That in the preparation of the annual accounts, the applicable accounting standards
have been followed
2. That the accounting policies selected and applied are consistent and the judgments
and estimate made are reasonable and prudent so as to give true and fair view of the state
of affairs of the company at the end of the financial year and of the profit of the
company for that period.
3. That proper and sufficient care has been taken for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 1956 for
safeguarding the assets of the company and for preventing and detecting fraud and other
4. That the annual accounts have been prepared on a going concern basis.
Pursuant to Clause 49 of the Listing Agreement, (a)Report of the Directors on the
Practice prevalent on Corporate Governance in the company and (b) Practicing company
secretary`s Certificate on Compliance of mandatory requirements of Corporate Governance
are given in the annexure to this report.
Your Directors wish to place on record their sincere appreciation and gratitude to the
Company`s Principal, Investors, bankers and all business associates for their unstinted
support and valuable guidance and record devoted services rendered by all categories of
employees during the year.
Information as required under section 217 (1) (e)read with the Companies (Disclosure of
Particulars in respect of Board of Directors ) Rules , 1988.
1. Electricity Particulars :
2. Light Diesel Oil (Used for stream Production) :
3. Consumption (Per one Lac Doses of Oral Polio Vaccine)