Form - 1

Utilization Certificate for BioNEST Contribution

(For the period from 01st July-2019 to 31st January-2024)

1. Project Ref. No. BT/BIRAC/BI-MSMF/2019

dated 28 May 2019

2. Title of the Project Integrative Translation Research

for Indian Healthcare

3. Name of the Company Mazumdar Shaw Medical

Foundation

4. Project Leader Dr Paul C Salins

5. BIRAC GLA Ref. No. BT/BIRAC/BI-MSMF/2019 dated

28 May 2019

6. Date of Start of Project 1 July 2019

7. Bank Account No. Account No: 520361002396504

IFSC Code: UBIN0913740
Union Bank of India
Bommasandra Branch
8. Amount brought forward from the previous period quoting NIL
BIRAC letter No. & date in which the authority to carry forward
the said amount was given

9. Amount received under BioNEST during this period (Please give Rs. 3,11,07,923/-
No. & dates of Sanction order showing the amounts)

10. Other receipts/interest earned, if any, Rs. 15,87,933/-

on the BioNEST grant

11. Total amount that was available for expenditure during this Rs. 3,26,95,856/-
period (Sl nos.8+ 9 + 10)

12. Actual expenditure (excluding commitments) Incurred during Rs. 3,26,89,258.49

the period (Statement of Expenditure is enclosed)

13. Unspent balance refunded, if any to BIRAC (Please give details NA

 of cheque no. etc.)

14. Balance amount available at the end of the period Rs. 6,597.51

15. Amount carried forward to the next period () vide letter no. Rs. 6,597.51
dated

1. Certified that an amount of Rs. 3,26,89,258.49 mentioned against Sl. No.12 has been utilized on the
project for the purpose for which it was sanctioned. Certified that the conditions on which the grants in aid
were sanctioned have been duly fulfilled / are being fulfilled and that the checks have been exercised to
see that the money was actually utilized for the purpose for which it was sanctioned.

2. Certified that I have satisfied myself that the conditions on which the grants-in-aid was sanctioned have
been duly fulfilled / are being fulfilled and that I have exercised the following checks to see that the money
was actually utilized for the purpose for which it was sanctioned.

Kinds of checks exercised:

1. Checked By Accountant of the company

2. Checked by Head of the Company
3. Checked by Auditor of the company

Date: 18.04.2024

(Project Leader) (Finance Officer of the Institute/Company)

For C S Harish & Co.

Chartered Accountants
Firm No. 013570s

C S Harish
M. No. 210805
(Head of the Company) (Chartered Accountant)
 Form - 2

Statement of Expenditure for BioNEST Grant

Table 1
Period: 1 July 2019 to 31st January 2024
st

Rupees in Lakhs only

(Project Coordinator) (Finance Officer) (Head of the Company)

Date: 18.04.2024
 Details of Committed Expenditure
Table 2
Period: 1 July 2019 to 28th June 2022
st

Rupees in Lakhs

S. Head of Particulars Tentative Tentative date of

No. Expenditure Amount (Rs. Actual Expenditure
in Lakhs) *
1. FA Cloud allied software 2.25 June-22
and database
subscriptions
2. Accessories
3. Manpower Man power of April, 3.57 April, May & June-
May & June-22 22
4. Consumables NIL NIL
5. Travel NIL
6. Contingency NIL NIL
7. Overheads NIL NIL

(Project Coordinator) (Finance Officer) (Head of the Company)

23.08.2022
Detail of Capital Assets : July-2019 to June-2022

Table 3

(Rupees in Lakhs)

Assets acquired / Ordered

Details of Insurance
Sl. Price as indicated in the
Particulars Actual cost Date of procurement Period of Insurance Amount Beneficiary
No original budget
1 CNC Milling Machine
3-axis vertical CNC milling machine 22.50 22.50 Feb-2021 to March-22 April-22 to March-23 2 crore MSMF
2 Welding Machine
200 Amps TIG welding Machine 1.50 1.37 Feb-2021 to March-22
3 Electronic-piloting
Manul PCB Stencil printer 1.00 0.99 May-2021 & March-22
Reflow Oven, Pick and Place machine 7.00 6.95 Feb-2021 to March-22
Testing and inspect equipments - Digital Storage Oscilloscope,
7.00 6.93 Feb-2021 to March-22
Arbitary Function Generator, DC Power Supply, and Multimeter
Soldering, rework and debugging station 5.00 5.05 June-2021
4 Desgin Software
Solidworks Professional 3D CAD Modelling software- 3 users 9.50 9.49 Feb-2021
Autodesk Eagle PCB professional with Fusion 360 for 3 year
1.50 1.46 March-2021 & June-2021
subscription - 2 users
Mechanical power tools 1.50 1.42 March-2021 to March-2022
Mechanical hand tools 1.00 0.98 March-2021 to March-2022
3D Printer - FDM Technology 19.00 19.10 March-2021 & March-2022
3D Printer - SLA Technology 26.50 26.49 Feb-2021 & March-2021
3D Scanner 15.00 14.96 March-2021 & March-2022
5 Cloud based AI for nexGen technologies in Healthcare
High Performance computer systems 7.50 7.50 Feb-2021
Clould allied software and database subscriptions 5.00 5.00 June-2021
Cloud Collobration innovation management tools 18.00 18.00 June-2021
Design PCs with accessories 5.00 4.99 Jan, Feb& June-2021
Laptops 1.50 1.47 Feb-2021
TOTAL 155.00 154.65

Date: 23.08.2022

(Project Coordinator) (Finance Officer)