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Advanced Micronic Devices Ltd.

BSE: 517552 | NSE: | Series: NA | ISIN: INE903C01013 | SECTOR: Hospitals & Medical Services

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Advanced Micronic Devices is not traded on BSE in the last 30 days

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Advanced Micronic Devices is not listed on NSE

Annual Report

For Year :
2015 2014 2013 2011 1995

Chairman's Speech

Dear Fellow Shareholders, The year passed had been a year of business consolidation resulted in right sizing across all business functions; to regroup then FOUR sub business units to TWO presently namely, Health Care Management System(HCMS) and Information System Engineering Services(ISES) the core businesses of the company. The derived benefits were substantial for a bright future ahead for all of us because we had become debt free with the banks. The part of our Strategic Electronic Division business of delivery of High-End multi-layer bare PCB''s for Aerospace and Defense segments were added to ISES group. This division is expected to grow well in the current year reflecting Government initiatives in Aerospace in and Defense sectors. Our 2 Inch Thermal Printers with integrated Bluetooth and Biometric are well accepted in the Micro-Finance and Andhra verification The Medical Devices market will continue to be import led, although the current drive to develop the local manufacturing industry is likely to result in increased competition from domestically produced devices in the longer term. On the social front, health and wellness awareness is increasing by the day and the next generation products aimed at harm reduction. The Consumer awareness likely to further increase for improving health standards, your Company is looking to strike a fine balance between the twin objectives of business growth and legal compliance. India is a land full of opportunities for players in the Medical Devices industry. Besides, Indian medical service consumers have become more conscious towards their healthcare upkeep. Thanks to India''s economic growth and a rise in penetration of medical insurance, the 400 Million plus middle class population of India can now afford almost any of its healthcare needs and that drives in need of more and better hospitals and clinics, which would require more medical devices Such a scenario presents immense opportunities for players in the medical devices business. The changing disease prevalence pattern (e.g. early onset of diabetes and heart diseases); growing awareness among the middle class to focus on early detection and disease prevention and Medical Insurance Companies working with equipment manufacturers to develop cost effective and reimbursable diagnostic packages are DIRECT MARKET DRIVERS. This also strengthens WHO recommendations in the Priority Medical Devices Project which suggests development of affordable health packages containing simple technologies for measuring blood pressure, blood glucose and cholesterol levels. Another interesting trend is observed in the realm of OPD reimbursements. The insurance companies are going to focus a lot on prevention and diagnostics in the coming years resulting in higher demand for medical electronics. The Device manufacturers will continue to face pricing pressure which will drive them to innovate and differentiate. The report, Indian Medical Device Market Outlook to 2017, predicts INDIA as one of the fastest growing medical devices markets as in the world. Our HCMS Division is interestingly poised to take this changing scenario as an opportunity to derive the maximum advantage with the basket of business offering of Devices, Implants and Disposables with additional demand from the Private Hospitals and clinics in tier II and III cities will help penetrate the Indian market better. We continue our sustaining efforts to reinforce the TWO businesses segments which will take us in the value addition curve with our services and to look forward to achieving all shareholder objectives and advancing our standards, through the continued trust of our consumers, partners, shareholders, well-wishers and employees. I would like to express my gratitude to you all for your incessant support in all our endeavors. The continued support from all our stakeholders is our unbreakable strength; I would like to thank all for their valued support in these challenging times. It will be our pleasure to also thank the Board of Directors, the key management personnel and our employees who are focused and committed towards taking the company to walk in to a better future. Sincerely P.V.Chandrasekar Managing Director.