NclMSBTSrv.exe or Nokia Microsoft Bluetooth Media Server is an application installed with Nokia PC Suite. According to Nokia's statements, “Nokia PC Suite is a free PC software product that allows you to connect your Nokia device to a PC and access mobile content as if the device and the PC were one.”
The NclMSBTSrv.exe process takes up less than 3Mb RAM and 0% CPU.
The legitimate application does not pose any risk to your system. If you notice this process running and you do not have the Nokia suite installed on your computer, perform a full system scan immediately! The process could be virus or trojan.