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Advanced Micronic Devices Ltd.

BSE: 517552 Sector: Health care
NSE: N.A. ISIN Code: INE903C01013
BSE LIVE 15:07 | 02 Dec 7.75 0






NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 7.95
52-Week high 10.60
52-Week low 5.00
Mkt Cap.(Rs cr) 4.09
Buy Price 7.75
Buy Qty 1.00
Sell Price 8.09
Sell Qty 100.00
OPEN 7.95
CLOSE 7.75
52-Week high 10.60
52-Week low 5.00
Mkt Cap.(Rs cr) 4.09
Buy Price 7.75
Buy Qty 1.00
Sell Price 8.09
Sell Qty 100.00

Advanced Micronic Devices Ltd. (ADVANCEDMICRON) - Chairman Speech

Company chairman speech


Dear Fellow Shareholders

The past year has been a year of low performance resulting in a substantial drop in therevenues contributed by short term economic scenario which has delayed several projectsboth in the Healthcare and Defence Sectors. Further our US operations have sufferedbecause of stretched working capital in the U.S. During the year FY 2014 we have sufferedsetbacks with long term contracts both in the Defence and Healthcare Segments.

This year we are seeing signs of a strong economic recovery due to the initiativestaken by the new government in encouraging investments in both sectors.

We have been aggressively marketing our AEDs in primary healthcare centers and also inambulances. We also see traction in demand for our AEDs from Government Departments andSports Stadia around the country. We have been marketing AEDs in the private sector whichincludes airports software companies and gymnasiums.

The ICU segments with small and medium sized hospitals coming up in tier II cities willhelp penetrate the Indian market better.

In the Strategic Electronic Division apart from time and frequency business unit wehave aggressively been able to get into the PCB design and delivery of high-end PCBs.Thisdivision is expected to grow well in the current year with the government focusing on theDefence R&D laboratories in the country.

The ICTD division continues to meet customer expectations and maintain high levelservice standards meeting all delivery metrics established by our principals. Our strongservice team around the country with focused leadership has been appreciated both by ourprincipals and customers we are confident of maintaing our success in this division.

Our co-operation with the co-operative credit societies system integrators in microfinance and Companies dealing with cash collection and money transfers has given our BCDprinters a fillip. In fact our printers Wireless Bluetooth and Biometric are wellaccepted in the industry. With microfinance being a focus area we envisage a huge growthpotential for our printers in the coming years.

Our continuous efforts to reinforce the various business segments will create bettershareholder value in near future. The continued support from all our stakeholders is ourprimary strength; I would like to thank our Stakeholders Customers Vendors and Bankersfor their continued support in these difficult times. It will be our pleasure to alsothank the Board of Directors the key management personnel and our employees who arefocused and committed toward taking the company to better heights.


Vinod Ramnani


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