Phoenix Finance & Investments Ltd.

CAD, Head Office

Date:23.06.2010

Sub: Visit Report on ISLAM DIAGNOSTIC at Shamoly, (Opposite Sishu Mela), Dhaka.

We, the under signatories, have visited the above mentioned project on 22 nd June,
2010 to see the present status of the project against their application for Tk………….
For purchasing one set MRI machine and one set CITY SCAN Machine along with
necessary supporting set up equipments.

Details of our findings are as follows-

ISLAM DIAGNOSTIC is a very reputed and full-fledge diagnostic centre located in the
zone surrounded by Shohrawardy Hospital, National Cardiac Institute and some
other private hospitals.

Almost all required diagnostic facilities are available except most sophisticated
machines like MRI & CITY SCAN which are available at only two or three high profile
diagnostic labs in Dhaka City like Popular Diagnostic, Medinova & IBN Sina
Diagnostics. There is an enormous potentiality for these types of tests.

We have gone through their sells registers and found that at present, their average
sell per day is about Tk.80.00 thousands to Tk.90.00 thousands approximately. Thus
monthly sells seemed about Tk.25.00 Lacs per month and about 60% to 70% of this
sells value is operating expenditures and rest amount is his profit, i.e. about Tk.7.5
lacs to Tk.10.00 Lacs per month.

Considering the scarcity of this type of machine, it may be assumed that there is a
possibility of getting 250 patients for MRI Examination and about 400 no. patient of
CITY SCAN test per month. On the basis of present market charges i.e. Tk.6000.00
per MRI and Tk.3000.00 per CITY SCAN, it assumed that their monthly income from
this two machines would be (250 @Tk.6000=15,00,00.00 + 400
@Tk.3000=12,00,000.00) about Tk.27.00 Lac and about 60% of this amount would
be spent for operating cost purpose and remaining 40% would be his profit i.e.
about Tk.10.80 Lacs per month.

As per their information and considering the overall situation, it appears that there
is huge potentiality for these machines.
Points to be noted that, the management of ISLAM DIAGNOSTICS has declared to
shift the lab to their newly purchased premises from Rupayan Tower nearby there
preset premises by the 1st of next month. Accordingly they have informed the owner
of the present premises and it has already been rented out to a new party (who is
also a competitor as well). But the very alarming matter is that, the new premise is
not yet ready. Moreover, on the basis of its present condition we observed during
our visit, it appeared that about 2 to 3 more weeks would be required to complete
the premises. Besides, 1 more week would be required to shift and reinstall the
machineries from present premises to the new one. On the above circumstances, it
is very much clear that RAHAMAN Diagnostics is going to face a very critical
situation. So we need to take the decision very carefully regarding providing further
financial support.