1. Summary Information

			Country	India
Company Name	A D S Diagnostic Limited ADS Medical Systems (A Unit of ADS Diagnostic Limited)		Principal Name 1	Mr. Gautam Sehgal
Status	Moderate		Principal Name 2	Mr. Vivek Sehgal
			Registration #	55-018486
Street Address	B – 22, Kailash Colony, New Delhi – 110048, India
Established Date	23.06.1984		SIC Code	--
Telephone#	91-11-41620434		Business Style 1	Trading
Fax #	91-11-29245300		Business Style 2	--
Homepage	--		Product Name 1	Medical Equipment
# of employees	30 [Approximately]		Product Name 2	Medical Instruments
Paid up capital	Rs.22,450,000/-		Product Name 3	-
Shareholders	Nationalized or Other Banks-3.43%, Mutual Funds-1.15%, Bodies corporate-0.33%, Directors or relatives of Directors-45.23, Other top fifty shareholders-5.19, Others-44.67%		Banking	Bank of India
Public Limited Corp.	Yes		Business Period	27 Years
IPO	Yes		International Ins.	-
Public Enterprise	Yes		Rating	B [28]
Related Company
Relation	Country	Company Name			CEO
Sister Concern	-	Ved Med Software and Trading Private Limited

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	20,022,000	Current Liabilities	8,068,000
Inventories	12,159,000	Long-term Liabilities	17,162,000
Fixed Assets	16,166,000	Other Liabilities	1,741,000
Deferred Assets	0,000	Total Liabilities	26,971,000
Invest& other Assets	0,000	Retained Earnings	(1,074,000)
		Net Worth	21,376,000
Total Assets	48,347,000	Total Liab. & Equity	48,347,000
Total Assets (Previous Year)	58,219,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	33,220,000	Net Profit	[346,000]
Sales(Previous yr)	47,869,000	Net Profit(Prev.yr)	434,000

MIRA INFORM REPORT

Report Date :

12.10.2011

IDENTIFICATION DETAILS

Name :	ADS DIAGNOSTIC LIMITED ADS MEDICAL SYSTEMS (A UNIT OF ADS DIAGNOSTIC LIMITED)
Registered Office :	B – 22, Kailash Colony, New Delhi – 110048
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	23.06.1984
Com. Reg. No.:	55-018486
Capital Investment / Paid-up Capital :	Rs.22.450 Millions
CIN No.: [Company Identification No.]	L85110DL1984PLC018486
Legal Form :	A Public Limited Liability company. The company’s Shares are Listed on the Stock Exchange.
Line of Business :	Trading and service for medical equipment and instruments. The company offers diagnostic services such as scanning, ultrasound, X-ray and electro-cardiogram. It sells medical consumables spare parts like bone densitometers and digitizers, services and installs medical equipment, and has diversified into trading of films and non medical items.
No. of Employees :	30 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

B [28]

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 85000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears some accumulated losses recorded by the company. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INFORMATION PARTED BY

Name :	Mr. Gautam Sehgal
Designation :	Managing Director
Contact No.:	91-9811049764
Date :	07.10.2011

LOCATIONS

Registered Office :	B – 22, Kailash Colony, New Delhi – 110048, India
Tel. No.:	91-11-41620434 / 29230481 / 41633127
Mobile No.:	91-9811049764 [Mr. Gautam Sehgal]
Fax No.:	91-11-29245300
E-Mail :	adsmedical@rediffmail.com
Location :	Owned
Corporate Office :	114, Sant Nagar, New Delhi – 110665, India
Tel. No.:	91-11-41622193
Fax No.:	91-11-26448906
E-Mail :	drgsehgal@yahoo.com adsmedical@redfiimail.com

DIRECTORS

As on 29.07.2011

Name :

Mr. Gautam Sehgal

Designation :

Managing director

Address :

B-29, Kailash Colony, South Delhi, NCT of Delhi, New Delhi – 110048, India

Date of Birth/Age :

02.02.1965

Date of Appointment :

31.03.1986

DIN :

0034243

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	L85110DL1984PLC018486	A D S DIAGNOSTIC LIMITED	Managing director	1/6/2010	31/03/1986	Active	NO
2	U72300DL1997PTC084785	VED MED SOFTWARE AND TRADING PRIVATE LIMITED	Director	13/01/1997	13/01/1997	Active	NO
3	U51397DL1999PTC098712	CARDIOVAS MEDICAL PRIVATE LIMITED	Director	8/3/1999	8/3/1999	Active	NO
4	U74899DL1995PLC069353	ORTEL COMMUNICATIONS LIMITED	Director	31/03/2000	31/03/2000	Active	NO

Name :

Mrs. Versha Sehgal

Designation :

Director

Address :

B-29, Kailash Colony, South Delhi, NCT of Delhi, New Delhi – 110048, India

Date of Birth/Age :

05.12.1935

Date of Appointment :

23.06.1984

DIN :

00034303

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	L85110DL1984PLC018486	A D S DIAGNOSTIC LIMITED	Director	23/06/1984	23/06/1984	Active	NO
2	U72300DL1997PTC084785	VED MED SOFTWARE AND TRADING PRIVATE LIMITED	Director	13/01/1997	13/01/1997	Active	NO
3	U51397DL1999PTC098712	CARDIOVAS MEDICAL PRIVATE LIMITED	Director	8/3/1999	8/3/1999	Active	NO

Name :

Mr. Vivek Sehgal

Designation :

Director

Address :

B-29, Kailash Colony, South Delhi, NCT of Delhi, New Delhi – 110048, India

Date of Birth/Age :

05.04.1963

Date of Appointment :

31.03.1986

DIN :

00036060

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	L85110DL1984PLC018486	A D S DIAGNOSTIC LIMITED	Director	31/03/1986	31/03/1986	Active	NO
2	U72300DL1997PTC084785	VED MED SOFTWARE AND TRADING PRIVATE LIMITED	Director	17/09/1999	17/09/1999	Active	NO

Name :

Mr. Ravi Kohli

Designation :

Director

Address :

A – 274, New Friends Colony, South Delhi, NCT of Delhi, New Delhi – 110025, India

Date of Birth/Age :

13.07.1940

Date of Appointment :

21.06.2002

DIN :

01012554

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74899DL1987PTC027566	KOHLI BUILDERS AND DEVELOPERS PRIVATE LIMITED	Managing director	9/4/1987	9/4/1987	Active	NO
2	L85110DL1984PLC018486	A D S DIAGNOSTIC LIMITED	Director	21/06/2002	21/06/2002	Active	NO

Name :

Mr. Anil Mithal

Designation :

Director

Address :

C – 51, Nizamuddin East, South Delhi, NCT of Delhi, New Delhi – 110013, India

Date of Birth/Age :

31.08.1956

Date of Appointment :

21.06.2002

DIN :

00036428

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74899DL1984PTC019065	MITHALS ENTERPRISE PVT LIMITED	Director	1/6/1996	1/6/1996	Active	NO
2	U63013DL1996PTC083646	MITHALS INTERNATIONAL MOVERS PRIVATE LIMITED	Director	4/12/1996	4/12/1996	Active	NO
3	U65910DL1998PTC094907	MITHALS INTERNATIONAL (ASIA) PRIVATE LIMITED	Director	10/7/1998	10/7/1998	Active	NO
4	L85110DL1984PLC018486	A D S DIAGNOSTIC LIMITED	Director	21/06/2002	21/06/2002	Active	NO

Name :

Mr. Girish Sareen

Designation :

Director

Address :

F – 9/7, Vasant Vihar, South Delhi, NCT of Delhi, New Delhi – 110057, India

Date of Birth/Age :

15.05.1955

Date of Appointment :

24.05.2003

DIN :

00937770

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	L67120DL1983PLC016990	DELTA LEASING AND FINANCE LIMITED	Director	24/12/1983	24/12/1983	Active	NO
2	U74899DL1992PTC049989	SCON AIR TRAVELS PRIVATE LIMITED	Director	17/08/1992	17/08/1992	Active	NO
3	U74120DL2001PTC113311	SAREEN ACCOUNTING SERVICES PRIVATE LIMITED	Director	29/11/2001	29/11/2001	Active	NO
4	U55101DL1997PTC087692	INPAC HOTELS AND RESORTS PRIVATE LIMITED	Director	8/4/2002	8/4/2002	Active	NO
5	L85110DL1984PLC018486	A D S DIAGNOSTIC LIMITED	Director	24/05/2003	24/05/2003	Active	NO
6	U75210DL2001PTC113184	SMG MANAGEMENT CONSULTANTS PRIVATE LIMITED	Director	2/8/2004	2/8/2004	Active	NO
7	U55101DL1982PTC123783	INDO HOKKE HOTELS PRIVATE LIMITED	Director	24/10/2005	24/10/2005	Active	NO
8	U63040DL2009PTC187528	INDUSIND TOURS AND TRAVELS PRIVATE LIMITED	Director	12/2/2009	12/2/2009	Active	NO
9	U65991DL1996PLC077865	VIVA SECURITIES LIMITED	Director	29/09/2010	15/02/2010	Active	NO
10	U55101DL2010PTC210377	GREEN PEA HOTELS PRIVATE LIMITED	Director	12/11/2010	12/11/2010	Active	NO

Name :

Mrs. Radhika Sehgal

Designation :

Director

Address :

B-29, Kailash Colony, South Delhi, NCT of Delhi, New Delhi – 110048, India

Date of Birth/Age :

24.08.1971

Date of Appointment :

25.05.2004

DIN :

00034317

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U72300DL1997PTC084785	VED MED SOFTWARE AND TRADING PRIVATE LIMITED	Director	4/7/2000	4/7/2000	Active	NO
2	U51397DL1999PTC098712	CARDIOVAS MEDICAL PRIVATE LIMITED	Director	1/3/2003	1/3/2003	Active	NO
3	L85110DL1984PLC018486	A D S DIAGNOSTIC LIMITED	Director	25/05/2004	25/05/2004	Active	NO

KEY EXECUTIVES

Name :	Mr. Narayan Lal Gayari
Designation :	Vice President - Finance and Company Secretary
Address :	D – 69, Devli Apartment, Devli, South Delhi, NCT of Delhi, New Delhi – 110062, Delhi, India
Date of Birth/Age :	01.06.1953
Date of Appointment :	16.07.1996
PAN :	AAAPG1609F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.07.2011

Names of Shareholders [Partial Details]	No. of Shares
Rajeev Sehgal	9300
Nazir Ahmed C/O Park Exports	7000
Rajeev Sehgal	7000
Ramesh Khiani Jointly: Shalini Khiani	6000
Gaurav A Parikh	5000
Vijay Singh B Padode Jointly laxmi V Padode	5500
Dinesh Somchand Shah Jointly Mina Dinesh Kumar Shah	5700
Tejinder Bhasin	3800
Kirit G Patel Jointly: Ajitlal B Vora	2800
Tripta Dutta Jointly: Roma Chaudhary	2500
Kiran Vrajlal Dayani Jointly: Vasumati Vrajlal Dayani	2400
Mohinder Kumar Gupta	2400
Ajitlal B Vora Jointly: Kirit G Patel	2100
Gurjit Singh Mansahia Jointly: Sant Kaur Chahal	2000
Manisha Dilawari	2000

As on 29.07.2011

Category	Percentage
Nationalized or Other Banks	3.43
Mutual Funds	1.15
Bodies corporate	0.33
Directors or relatives of Directors	45.23
Other top fifty shareholders	5.19
Others	44.67
Total	100.00

BUSINESS DETAILS

Line of Business :	Trading and service for medical equipment and instruments. The company offers diagnostic services such as scanning, ultrasound, X-ray and electro-cardiogram. It sells medical consumables spare parts like bone densitometers and digitizers, services and installs medical equipment, and has diversified into trading of films and non medical items.
Terms :
Selling :	Cash / Credit [30 Days]
Purchasing :	L/C / Cash / Credit [30 Days]

GENERAL INFORMATION

Customers :

Others

No. of Employees :

30 [Approximately]

Bankers :

• Bank of India , East of Kailash Branch, D – 142, East of Kailash, New Delhi – 110065, India
• Kotak Mahindra Bank Limited
• ICICI Bank Limited
• HDFC Bank Limited
• ABN Amro Bank Limited

Facilities :

Secured Loan [Rs. in million]	31.03.2010	31.03.2009
Term Loan from Bank of India (Guaranteed by Three Directors) Secured by hypothecation of all Machinery and Equipment particularly Whole Body CT Scanner and Equitable mortgage of immovable property belonging to Two Directors of the Company (Amount Due for Repayment within One Year Rs. 0.267 million)	0.688	1.616
Total	0.688	1.616
Unsecured Loan [Rs. in million]	31.03.2010	31.03.2009
From Directors	12.210	9.525
From Others Kotak Mahindra Bank Limited ICICI Bank Limited HDFC Bank Limited ABN Amro Bank Limited Cholamandalam DBS Finance Limited Tata Capital Limited	0.491 0.193 0.650 1.025 0.455 1.450	1.004 0.564 1.096 1.280 0.977 0.000
Total	16.474	14.446

Banking Relations :	--
Auditors :
Name :	Khattar Khanna and Associates Chartered Accountants
Address :	M-126, Greater Kailash – II, New Delhi – 110048, Delhi, India
Sister Concern :	Ved Med Software and Trading Private Limited Cardiovas Medical Private Limited Ortel Communications Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
3,000,000	Equity Shares	Rs.10/-each	Rs.30.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,297,300	Equity Shares	Rs.10/-each	Rs.22.973 millions
104,500	Less : Forfeited Shares	Rs.10/-each	Rs. 1.045 millions
			Rs.21.928 millions
	Add : Forfeited Shares
	Amount Originally Paid up		Rs.0.522 millions
	Total		Rs.22.450 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

Particulars		31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		22.450	22.450
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		[1.074]	[0.717]
NETWORTH		21.376	21.733
LOAN FUNDS
1] Secured Loans		0.688	1.616
2] Unsecured Loans		16.474	14.446
TOTAL BORROWING		17.162	16.062
DEFERRED TAX LIABILITIES		0.931	0.000
TOTAL		39.469	37.795
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		16.166	20.912
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.268
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	12.159	9.092
	Sundry Debtors	6.771	14.991
	Cash & Bank Balances	3.691	3.063
	Other Current Assets	0.195	0.356
	Loans & Advances	9.365	9.537
Total Current Assets		32.181	37.039
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2.872	14.360
	Other Current Liabilities	5.196	5.429
	Provisions	0.810	0.635
Total Current Liabilities		8.878	20.424
Net Current Assets		23.303	16.615
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		39.469	37.795

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Business Income	33.220	47.869
		Other Income	0.873	0.156
		TOTAL (A)	34.093	48.025
Less	EXPENSES
		Cost of Materials Consumed	13.980	27.800
		Payments to Employees	5.568	3.757
		Administrative and Other Expenses	8.420	10.278
		TOTAL (B)	27.968	41.835
	PROFIT/LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		6.125	6.190
Less	FINANCIAL EXPENSES (D)		1.510	1.691
	PROFIT/LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		4.615	4.499
Less/ Add	DEPRECIATION/ AMORTISATION (F)		3.587	3.761
	PROFIT / LOSS BEFORE TAX (E-F) (G)		1.028	0.738
Less	TAX (H)		1.374	0.304
	PROFIT / LOSS AFTER TAX (G-H) (I)		[0.346]	0.434
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		[0.717]	[2.325]
Add	Gratuity Fund Surplus on the Adoption Revised Accounting standard [AS - 15]		-	1.174
	Excess [short] provision of income tax for previous years		[0.011]	-
	BALANCE CARRIED TO THE B/S		[1.074]	[0.717]
	EARNINGS IN FOREIGN CURRENCY
		Commission Income	9.898	2.321
		Commissioning and Installation	1.036	2.940
	TOTAL EARNINGS		10.934	5.261
	IMPORTS
		Trading Goods	11.069	22.114
	TOTAL IMPORTS		11.069	22.114

QUARTERLY RESULTS

PARTICULARS	30.06.2010	30.09.2010	31.12.2010	31.03.2011	30.06.2011
Type	1^st Quarter	2^nd Quarter	3^rd Quarter	4^th Quarter	5^th Quarter
Net Sales	4.300	6.590	21.690	3.630	14.040
Total Expenditure	3.720	5.290	19.550	2.470	12.430
PBIDT (Excl OI)	0.580	1.300	2.140	1.160	1.610
Other Income	0.060	0.060	0.060	0.420	0.110
Operating Profit	0.640	1.360	2.200	1.580	1.720
Interest	0.410	0.310	0.290	0.310	0.130
Exceptional Items	0.000	0.000	0.000	0.000	0.000
PBDT	0.230	1.050	1.910	1.270	1.590
Depreciation	0.890	0.890	0.890	0.840	0.760
Profit Before Tax	[0.670]	0.160	1.020	0.430	0.830
Tax	0.000	0.000	0.000	0.180	0.000
Provisions and contingencies	0.000	0.000	0.000	0.000	0.000
Profit After Tax	[0.670]	0.160	1.020	0.250	0.830
Extraordinary Items	0.000	0.000	0.000	0.000	0.000
Prior Period Expenses	0.000	0.000	0.000	0.000	0.000
Other Adjustments	0.000	0.000	0.000	0.000	0.000
Net Profit	[0.670]	0.160	1.020	0.250	0.830

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009
PAT / Total Income	(%)	[1.01]	0.90
Net Profit Margin (PBT/Sales)	(%)	3.09	1.54
Return on Total Assets (PBT/Total Assets}	(%)	2.13	1.27
Return on Investment (ROI) (PBT/Networth)		0.05	0.03
Debt Equity Ratio (Total Liability/Networth)		0.41	0.94
Current Ratio (Current Asset/Current Liability)		3.62	1.81

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report [Yes/No]
Year of Establishment	Yes
Locality of the Firm	Yes
Construction of the firm	Yes
Premises details	Yes
Type of Business	Yes
Line of Business	Yes
Promoters background	-
No. of Employees	Yes
Name of Person Contacted	Yes
Designation of contact person	Yes
Turnover of firm for last two years	Yes
Profitability for last three years	No
Reasons for variation <> 20%	No
Estimation for coming financial year	No
Capital the business	Yes
Details of sister concerns	Yes
Major Suppliers	No
Major Customers	No
Payment Terms	Yes
Export / Import Details [If Applicable]	No
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	Yes
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	Yes
Incorporation details, if applicable	-
Last accounts filed at ROC	-
Major Shareholders, if applicable	-

OPERATIONS:

The operational income of the Company has decreased from Rs. 48.026 millions to Rs. 34.093 millions in the current year. Income from scanning business has decreased from Rs. 9.214 millions to Rs.4.188 millions during the year . The income from trading and servicing was Rs. 18.844 millions as against Rs. 34.845 millions for the previous year. While Distribution Commission was Rs.10.188 millions as against Rs.3.810 millions last year. Overall income has decrease by Rs. 13.933 millions.

INCOME FROM NON DIAGNOSTIC BUSINESS:

The Company has won the tenders for supply of Medical Equipment and hence the income from sales and services has picked up resulting in profit before Tax of Rs. 1.028 millions for the year . The Board of Directors are hopeful to win the tenders in the year 2010-11 by which performance of the company will improve further.

Management Discussion and Analysis Report

The Management of subject presenting its analysis report covering its 02 (Two) Divisions.

a) Medical Diagnostic Services.

b) Sales and Service of Medical Equipments.

A) Medical Diagnostic Service Division:-

The Medical Diagnostic Services have stiff competition with Small and Big Centers in and around Delhi, with the result of, some of the Centers have shut down because of high cost Equipments, maintenance and Spare Parts, and lower margin. The company is gradually phasing out / closure of Diagnostic Services Division due to the stiff competition and lower margin / reduction in margin of SCAN.

The Opportunity:- The outlook of diagnostic centers are not encouraging and many more centers will stop the Diagnostic business in near future because of stiff competition and high cost of Equipments vis-à-vis revenue earned there from.

Professional Income:- The Professional Income of diagnostic services has been reduced to Rs. 4.188 millions from Rs. 9.214 millions in previous year and management has decided not to renew its contract with Escort Hospital, Faridabad. The company has reduced manpower accordingly.

B) Medical Equipments Sales and Services Division:-

This Division of the company has performed satisfactorily during the current year. However, the revenue from this division has decreased from Rs. 38.655 millions to Rs. 29.032 millions and the management is hopeful to increase revenue from this division further in coming years as more and more Equipment will be purchased by the Government hospitals to provide health for all the citizen by year 2012. The outlook of this division is very bright and company will be able to earn more revenue from this division. Management expects increase in attrition of technical person due to more competitors coming in this field. However it is making efforts to retain talent by suitable incentives.

Contingent Liabilities

Rs.in millions

PARTICULARS	31.03.2010	31.03.2009
Custom Authorities Demand against the Company not acknowledged as debt and not provided for in respect of which the Company is in appeal.	4.000	4.000
Directorate of Revenue show cause notice contested by the Company.	5.602	5.602
Income Tax demand against the Company not acknowledge as debt and not provided for in respect of which the Income Tax Department is in appeal.	1.873	1.873
Performance Guarantee given by the Bank of behalf of the Company to Third Parties.	13.026	5.398

Note : The above liabilities are dependent upon the outcome of the court / appellate authority / out of court settlement, disposal of appeals, the amount being called up, terms of contractual obligations and raising of demand by concerned authorities. No reimbursement is expected in such cases.

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2011

Rs. in millions

S. No.	Particulars	9 Months Ended 31.12.2010	Quarter Ended 31.03.2011	Year Ended 31.03.2011 (Audited)
1	Net Sales/Income from Operations	32.591	3.633	36.224
2	Other Income	0.175	0.418	0.593
3	Total Income	32.766	4.051	36.817
4	Total Expenditure
	a) Increase/ decrease in stock in trade and work in progress	-	-	-
	b) Consumption of Raw Materials	0.379	0.044	0.423
	c) Purchase of Trading Goods	15.670	0.579	16.249
	d) Employees Cost	4.350	1.681	6.031
	e) Depreciation	2.658	0.835	3.493
	f) Other Expenditure	8.194	0.172	8.366
	Total Expenditure	31.251	3.311	34.562
	( Any item exceeding 10% of the total expenditure to be shown separately)
5	interest and Financial Charges	1.001	0.312	1.313
6	Exceptional Items	-	-	-
7	Profit (+)/ Loss (-) from Ordinary Activity Before Tax (3) - (4+5+6)	0.514	0.428	0.942
8	Tax Expense - Current	-	0.175	0.175
	- Deferred	-	0.004	0.004
9	Profit (+)/ Loss (-) from Ordinary Activity After Tax (7-8)	0.514	0.249	0.763
10	Extraordinary Items (Net of Tax Expenses)	-	-	-
11	Net Profit (+)/ Loss (-) for the Period (9-10)	0.514	0.249	0.763
12	Paid up Equity Share Capital (Face Value of the Share is Rs. 10 each	21.928	21.928	21.928
13	Reserve excluding Revaluation Reserves (as per balance sheet) of previous accounting year	-	-	-
14	Earning Per Share (EPS)	0.23	0.12	0.35
	a) Basic and diluted EPS before Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)	0.23	0.12	0.35
	b) Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year ^not to be annualized)	0.23	0.12	0.35
15	Total Public Shareholding - No. of Shares: - Percentage of Shares :	1,200,890 54.77%	1,200,890 54.77%	1,200,890 54.77%
16	Promoters and promoter group shareholding a) Pledged / Encumbered - Number of Shares - Percentage of Shares (as a % of the total shareholding of promoters & promoter group) - Percentage of Shares (as a % of the total share capital of company) )) Non-encumbered - Number of Shares - Percentage of Shares (as a % of the total shareholding of promoters & promoter group) - Percentage of Shares (as a % of the total share capital of company)	- - - 991,910 100% 45.23%	- - - 991,910 100% 45.23%	- - - 991,910 100% 45.23%

SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

Rs. In millions

Particulars	9 Months Ended 31.12.2010	Quarter Ended 31.03.2011	Year Ended 31.03.2011 (Audited)
Segment Revenue (Sale/Income)
a) Income from Diagnostic Services	0.764	0.948	1.712
b) Income from Trading and Other Services	31.953	3.073	35.026
c) Unallocated	0.049	0.031	0.080
Total	32.766	4.052	36.818
Less: Inter Segment Revenue	-	-	-
Net Sales	32.766	4.052	36.818
Segment Results Profit / (Loss) Before Tax and Interest from Each Segment
a) Income from Diagnostic Services	(2.085)	(0.021)	(2.106)
b) Income from Trading	5.330	1.674	7.004
c) Unallocated	0.049	0.031	0.080
Total	3.294	1.684	4.978
Less: Interest	1.001	0.312	1.313
Less: Other Unallocable expenditure net off Unallocable Income	1.779	0.944	2.723
Total Profit /(Loss) Before Tax	0.514	0.428	0.942
Capital Employed (Segment Assets - Segment Liabilities)
a) Diagnostic Services	6.006	7.413	7.413
b) Trading	12.423	13.992	13.992
c) Unallocated	1.754	1.644	1.644
Total Capital Employed in Segments	20.183	23.049	23.049

STATEMENT OF ASSETS AND LIABILITIES

(Rs. In millions)

Particulars	Year Ended 31.03.2011 (Audited)
Shareholders' Funds
a. Capital	22.451
b. Reserve and Surplus	-
c. Loan Funds	12.840
d. Deferred Tax Liability (Net)	0.935
Total	36.226
Fixed Assets	13.359
Investments	-
Current Assets, Loans and Advances
a) Inventories	18.498
b) Sundry Debtors	4.870
c) Cash and Bank Balances	5.897
d) Other Current Assets	0.032
e) Loans and Advances	7.125
Less: Current Liabilities and Provisions
(a) Liabilities	13.192
(b) Provisions	0.700
Miscellaneous Expenditure (Not Written Off or Adjusted)	-
Profit and Loss Account	0.337
Total	36.226

Notes:

• The above Audited Results were reviewed by the Audit Committee and approved by Board of Directors at their respective meetings held on 30th May, 2011
• In relation to the Diagnostic Services, there is no Closing Stock of Finished Goods in Hand as on 31st March, 2011 and, accordingly, there is no increase or decrease in Stock.
• While there were no investor complaints pending at the beginning of the quarter, 6 investor complaints were received during the current quarter and all these complaints have been resolved.
• These Accounts have been prepared in accordance with the applicable Accounting Standards issued by the Institute of Chartered Accountants of India.
• Figures for the previous period / year have been recast as were necessary to confirm to the current period / year classification.

Bankers Charges Report as per Registry

Corporate identity number of the company	L85110DL1984PLC018486
Name of the company	A D S DIAGNOSTIC LIMITED
Address of the registered office or of the principal place of business in India of the company	B-22, Kailash Colony, New Delhi – 110048, India
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10247623
Type of charge	Others – Counter Guarantee and Indemnity
Particular of charge holder	Bank of India , East of Kailash Branch, D – 142, East of Kailash, New Delhi – 110065, India
Nature of instrument creating charge	General Counter-Guarantee and Indemnity
Date of instrument Creating the charge	05.10.2010
Amount secured by the charge	Rs.20.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest - All amounts payable under Bank Guarantee limit shall carry interest / commission as may be prescribed by the bank from time to time. Terms of Repayment - As may be prescribed by the bank from time to time. Margin - As may be prescribed by the bank from time to time. Extent and Operation of the charge – 100%
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Counter Guarantee and indemnity given by the company in favour of Bank of India for bank having granted /agreed to issued a Bank Guarantee Limit of Rs.20.000 millions to the company.
Particulars of the present modification	The Bank Guarantee Limit stands enhanced from Rs.15.000 millions to Rs.20.000 millions. All amounts payable under Bank Guarantee limit shall carry interest in case of default, at the rate of 11.75 percent per annum with monthly rests or at such other rates as may be prescribed by the bank from time to time. Other terms and conditions remained the same

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.03
UK Pound	1	Rs.76.59
Euro	1	Rs.66.80

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		28

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.