Miscor 8-K/A Financial Statements and Exhibits

Exhibit 99.4

MISCOR GROUP, LTD. AND SUBSIDIARIES

3-D Service, Ltd.

UNAUDITED PRO FORMA CONDENSED COMBINING FINANCIAL INFORMATION

(Amounts in thousands except share and per share amounts)

The following unaudited pro forma condensed combining financial information has been prepared to give effect to the acquisition of 3-D Service, Ltd. (“3-D”) on November 30, 2007. The pro forma condensed combining balance sheet has been prepared based on the historical balance sheets of MISCOR Group, Ltd. (the “Company”), 3-D and Ideal Consolidated, Inc. (“Ideal”) as of September 30, 2007 as if the acquisitions were effective September 30, 2007. The pro forma statement of operations has been prepared based on the historical statements of operations of the Company, 3-D and Ideal for the year ended December 31, 2006 and the nine months ended September 30, 2007 as if the acquisitions were effective as of January 1, 2006.

The assets acquired and liabilities assumed in connection with the 3-D and Ideal acquisitions are reflected at estimated fair values as determined by our management based on information currently available and on current assumptions as to future operations. We have allocated the purchase price based on preliminary estimates of the fair values of the acquired property and equipment, and identified intangible assets, and their estimated remaining useful lives. Accordingly, the allocation of the purchase price and the assigned estimated useful lives are subject to revision, based on the final determination of appraised and other fair values, and related tax effects. The intangible assets identified include non-compete agreements, customer relationships, vendor agreements and a repair manual library. We estimate the useful lives of the intangible assets to be five years.

The unaudited pro forma financial data are presented for informational purposes. You should not rely on the pro forma amounts as being indicative of the financial position or the results of operations of the consolidated companies that would have actually occurred had the transaction been effective during the periods presented or of the future financial position or future results of operations of the consolidated companies. You should read this information in conjunction with the accompanying notes thereto and with the historical consolidated financial statements and accompanying notes of the Company and 3-D included elsewhere in this document.

The unaudited pro forma information gives effect only to adjustments set forth in the accompanying notes thereto and does not reflect any anticipated future cost savings or other benefits as a result of the acquisition.

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MISCOR GROUP, LTD. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINING BALANCE SHEETS

September 30, 2007

(Amounts in thousands, except share and per share data)

	HISTORICAL									MISCOR AND			HISTORICAL 3-D
ASSETS	MISCOR GROUP, LTD.			IDEAL CONSOLIDATED, INC.			ADJUSTMENTS			IDEAL PRO FORMA			SERVICE, LTD. & SUBSIDIARY		ADJUSTMENTS			PRO FORMA
CURRENT ASSETS
Cash	$	283		$	667		$	(720	) (1)	$	230		$	50	$	2,358	a, b, c, e	$	2,638
Accounts receivable, net		12,753			1,418						14,171			3,143		-			17,314
Inventories, net		9,456			21						9,477			1,581		-			11,058
Prepaid expenses and other current assets		1,314			364						1,678			34		-			1,712
Total current assets		23,806			2,470			(720	)		25,556			4,808		2,358			32,722
Property and equipment, net		5,998			137			203	(2)		6,338			5,800		(3,515	) d, e		8,623
Other intangible assets		-			-			-			-			-		1,000	d		1,000
Goodwill		-			-			472	(3)		472			-		19,956	d		20,428
Other assets		249			12			-			261			11		-			272
Total Assets	$	30,053		$	2,619		$	(45	)	$	32,627		$	10,619	$	19,799		$	63,045
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Revolving credit line, net	$	750		$	-		$	952	(4)	$	1,702		$	565	$	(1,315	) c, d	$	952
Current portion of long-term debt		2,952			12						2,964			594		(594	) d, e		2,964
Notes payable to stockholders		-			690			(690	) (5)		-			-					-
Accounts payable		5,743			615						6,358			896					7,254
Accrued expenses and other current liabilities		2,706			509			477	(6)		3,692			533		(65	) e		4,160
Total current liabilities		12,151			1,826			739			14,716			2,588		(1,974	)		15,330
LONG TERM LIABILITIES
Long-term debt		15			9						24			4,156		(155	) b, d, e		4,025
Long-term debt, stockholder		3,000			-						3,000			-					3,000
Total long-term liabilities		3,015			9			-			3,024			4,156		(155	)		7,025
Total liabilities		15,166			1,835			739			17,740			6,744		(2,129	)		22,355
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock		21,930			19			(19	)		21,930			1		25,802			47,733
Additional paid in capital		8,995			23			(23	)		8,995			-		-			8,995
Deferred compensation		(45	)		-			-			(45	)		-		-			(45	)
Accumulated deficit		(15,993	)		763			(763	)		(15,993	)		3,874		(3,874	)		(15,993	)
		14,887			805			(805	)		14,887			3,875		21,928			40,690
Less treasury stock		-			(21	)		21			-			-		-			-
STOCKHOLDERS' EQUITY		14,887			784			(784	) (7)		14,887			3,875	21,928		a, b, d, e, f		40,690
Total Liabilities and Stockholders' Equity	$	30,053		$	2,619		$	(45	)	$	32,627		$	10,619	$	19,799		$	63,045

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MISCOR GROUP, LTD. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINING STATEMENT OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2006

(Amounts in thousands, except share and per share data)

	HISTORICAL									MISCOR AND			HISTORICAL 3-D
	MISCOR GROUP, LTD.			IDEAL CONSOLIDATED, INC.			ADJUSTMENTS			IDEAL PRO FORMA			SERVICE, LTD. & SUBSIDIARY			ADJUSTMENTS			PRO FORMA
REVENUES
Product sales	$	18,083		$	-		$	-		$	18,083		$	3,024		$	-		$	21,107
Service revenue		42,671			8,221			-			50,892			14,682			-			65,574
REVENUES		60,754			8,221			-			68,975			17,706			-			86,681
COST OF REVENUES
Product sales		13,891			-			-			13,891			2,523			-			16,414
Service revenue		34,984			6,790			-			41,774			9,989			128	e, g, h		51,891
COST OF REVENUES		48,875			6,790			-			55,665			12,512			128			68,305
Gross Profit		11,879			1,431			-			13,310			5,194			(128	)		18,376
Selling, general and administrative expenses		10,632			769			-			11,401			2,696			192	e, i		14,289
Operating income (loss)		1,247			662			-			1,909			2,498			(320	)		4,087
Loss on warrant liability		508			-			-			508			-			-			508
Interest expense		3,404			48			42	(8)		3,494			110			154	e, j		3,758
Other income		(4	)		(7	)		-			(11	)		(15	)		-			(26	)
		(2,661	)		621			(42	)		(2,082	)		2,403			(474	)		(153	)
Income taxes		-			-			-			-			-			-			-
Net income (loss) before taxes		(2,661	)		621			(42	)		(2,082	)		2,403			(474	)		(153	)
Loss from discontinued operations		-			-			-			-			(93	)		-			(93	)
NET INCOME (LOSS)	$	(2,661	)	$	621		$	(42	)	$	(2,082	)	$	2,310		$	(474	)	$	(246	)
Basic and diluted earnings (loss) per common share	$	(0.02	)	$	704.08					$	(0.02	)	$	2,310.00					$	-
Weighted average number of common shares		109,264,264			882						109,264,264			1,000			89,525,283	a, b		198,789,547

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MISCOR GROUP, LTD. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINING STATEMENT OF OPERATIONS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2007

(Amounts in thousands, except share and per share data)

	HISTORICAL								MISCOR AND			HISTORICAL 3-D
	MISCOR GROUP, LTD.			IDEAL CONSOLIDATED, INC.		ADJUSTMENTS			IDEAL PRO FORMA			SERVICE, LTD. & SUBSIDIARY			ADJUSTMENTS			PRO FORMA
REVENUES
Product sales	$	17,115		$	-	$	-		$	17,115		$	1,979		$	-		$	19,094
Service revenue		33,465			6,811		-			40,276			12,166			-			52,442
REVENUES		50,580			6,811		-			57,391			14,145			-			71,536
COST OF REVENUES
Product sales		12,476			-		-			12,476			1,627			-			14,103
Service revenue		29,363			6,180		-			35,543			8,428			307	e, g, h		44,278
COST OF REVENUES		41,839			6,180		-			48,019			10,055			307			58,381
Gross Profit		8,741			631		-			9,372			4,090			(307	)		13,155
Selling, general and administrative expenses		7,781			351		-			8,132			2,349			146	e, i		10,627
Operating income (loss)		960			280		-			1,240			1,741			(453	)		2,528
		-
Loss on debt extinguishment		2,300			-		-			2,300									2,300
Interest expense		972			18		29	(8)		1,019			247			(46	) e, j		1,220
Other income		-			-		-			-			(11	)		3	e		(8	)
Net income (loss) before taxes		(2,312	)		262		(29	)		(2,079	)		1,505			(410	)		(984	)
Income taxes		-			-		-			-			-			-			-
NET INCOME (LOSS)	$	(2,312	)	$	262	$	(29	)	$	(2,079	)	$	1,505		$	(410	)	$	(984	)
Basic and diluted earnings (loss) per common share	$	(0.01	)	$	297.05				$	(0.01	)	$	1,505.00					$	-
Weighted average number of common shares		182,083,663			882					182,083,663			1,000			89,525,283	a, b		271,608,946

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MISCOR GROUP, LTD. AND SUBSIDIARIES

3-D Service, Ltd.

NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINING FINANCIAL INFORMATION

(Amounts in thousands except share and per share amounts)

1. To reflect the payment of notes payable to stockholders of $690 and related accrued interest of $30 not assumed by MISCOR Group, Ltd. (“MISCOR”) at the closing date.

2. To increase the historical cost of property and equipment of Ideal Consolidated, Inc. (“Ideal”) acquired by MISCOR to estimated fair value.

3. To record the goodwill acquired in connection with the acquisition of 100% of the outstanding common stock of Ideal.

4. To record the borrowings by MISCOR to finance the acquisition of Ideal of $952.

5. To eliminate notes payable to stockholders not assumed by MISCOR at the closing date of $690.

6. To record the future distribution of historical profits to Ideal stockholders at the closing date of the acquisition as a pro forma liability of $507 less the elimination of accrued interest on notes payable to stockholders not assumed by MISCOR at the closing date of $30.

7. To record the elimination of stockholders’ equity of Ideal at the closing date of $784.

8. To eliminate the historical interest expense recorded by Ideal and record additional expense related to the debt incurred by MISCOR in connection with the acquisition. Interest expense for the debt incurred by MISCOR has been calculated at prime plus 0.5% (blended average rate for prime rate of 9% used for the year ended December 31, 2006 and 8.75% used for the nine months ended September 30, 2007) on borrowings of $952, resulting in additional pro forma interest expense of $86 for the year ended December 31, 2006 and $62 for the nine months ended September 30, 2007.

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MISCOR GROUP, LTD. AND SUBSIDIARIES

3-D Service, Ltd.

NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINING FINANCIAL INFORMATION

(Amounts in thousands except share and per share amounts)

a. To reflect the sale of 83,333,333 shares of MISCOR Group, Ltd. (“MISCOR”) common stock at $0.24 per share or $20,000 on November 30, 2007 to fund the acquisition of 3-D Service, Ltd. (“3-D”).

b. To record the acquisition of 100% of the members’ interest in 3-D by MISCOR at November 30, 2007 for $22,700. The purchase price included $16,700 cash, issuance of $4,000 notes payable at Prime interest rate, due at maturity on November 30, 2010, and 6,191,950 shares of MISCOR common stock at $0.323 per share or $2,000.

c. To record the payoff of the $750 line of credit by MISCOR from the proceeds of the sale of its common stock (Note a).

d. To record the purchase price adjustment from the acquisition of 3-D by MISCOR, including the increase in fair market value of property, plant and equipment ($500), intangible assets ($1,000) and goodwill ($19,956), and the pay off of 3-D’s line of credit ($565), current and non-current portions of long-term debt ($428 and $251, respectively).

e. To eliminate the assets ($4,207), liabilities ($4,136), equity ($71) and operations of 3D3E, Ltd. (“3D3E”). Prior to the acquisition, 3D3E was consolidated in the historical financial statements of 3-D pursuant to FIN 46R, as both entities were under common ownership, 3-D leased facilities from 3D3E, and 3-D guaranteed the 3D3E mortgage on the leased facility. Effective with the acquisition, 3-D is no longer the primary beneficiary of 3D3E since 3-D and 3D3E are no longer under common ownership and 3-D is no longer the guarantor of the 3D3E mortgage.

f. To eliminate MISCOR’s investment in 3-D in the amount of $22,700.

g. To record rent paid by 3-D to 3D3E ($405 and $90 for the nine months ended September 30, 2007 and year ended December 31, 2006, respectively).

h. Additional depreciation expense resulted from increased basis of property, plant and equipment acquired of $500 based on estimated useful lives of seven years ($54 and $71 for the nine months ended September 30, 2007 and year ended December 31, 2006, respectively).

i. Amortization of intangible assets on a straight-line basis over five years ($150 and $200 for the nine months ended September 30, 2007 and year ended December 31, 2006, respectively). Goodwill resulting from the acquisition is not amortized in accordance with the provisions of SFAS No. 142.

j. To eliminate the historical interest expense recorded by 3-D ($56 and $65 for the nine months ended September 30, 2007 and year ended December 31, 2006, respectively) and record additional expense related to the debt incurred by MISCOR in connection with the acquisition. Interest expense for the debt incurred by MISCOR has been calculated at prime (blended average rate for prime rate of 8.17% used for the nine months ended September 30, 2007 and 8% used for the year ended December 31, 2006) on net borrowings of $3,250, resulting in additional pro forma interest expense of $199 for the nine months ended September 30, 2007 and $260 for the year ended December 31, 2006.

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