1.

2 INDUSTRY PROFILE

The worldwide electrical and electronic industry is the most flourishing and extremely diversified sector consisting of manufacturers, suppliers, dealers, retailers, electrical engineers, electricians, electronic equipment manufacturers, and trade unions. This sector has been growing at a rapid pace with the invention of innovative technologies and an ever-increasing customer inclination towards electronic goods and services.

Key Segments of Electrical and Electronics Industry The global electrical and electronics sector is highly fragmented, comprising of various auxiliary sectors namely electronic components, computer and office equipment,

telecommunications, consumer appliances and industrial electronics.

Electronic Components Industry: Comprises of various establishments engaged in designing, manufacturing, marketing, supporting, selling and distributing of broad range of electronic components such as bolts, clamps, fasteners, rivets, lighting, semi conductor, integrated circuits, microprocessors, cables and wires, switches, sensors, keyboards, sockets, timing devices, laser modules, solar devices, test and inspection equipment, scientific and technical instruments etc. US, Japan, Europe, China, Taiwan, and Hong Kong are the leading markets of electronic components in the world. Semiconductor sector is the largest and highly profitable sector. The global semiconductor industry is worth $248 billion, of which China accounts for $ 63 billion. China, United States and Japan are the largest semiconductor producing countries.

Computer and Office Equipment Industry

Consists of various establishments engrossed in manufacturing and supplying of assorted range of computer hardware, peripherals, software and office automation equipment. Presently, United States, Japan and Europe occupies leading positions in manufacturing of computer and office equipment. The United States computer and office equipment industry constitute of more than 10,000 companies with collective annual revenue of US $180 billion.

Telecommunications Industry: Can be divided into two main sub sectors i.e. communication equipment and communication services. The United States of America is considered to be the leading market in the world for communications equipment, which contributed around $95 billion in 2006. Telephony and terminals equipment is one of the dominant sectors of this industry with a market share of almost 80%. China, Taiwan, United Kingdom, South Korea and Belguim are the top exporters of telecommunications equipment in the world. Another important sub sector of telecommunications industry is communication services, which earned revenue of 55.6% last year.

Consumer Electronics Industry: Constitutes of units involved in designing, manufacturing, marketing, and distribution of household appliances, audio, video and gaming products. Some of the consumer electronics products are televisions, lcd, stereos, speakers, video recorders, CD players, radios, cameras, wireless devices, kitchen appliances etc. This industry is experiencing an astounding and phenomenal growth over the past few years. The size of the global consumer electronics industry was $135.4 billion in 2006, which is forecasted to reach $158.4 billion in the year 2008.

Industrial Electronics Industry: Is made up of various establishments committed to designing, developing, manufacturing and selling of broad range of electronic components and systems used in equipment and automated processes serving in an industrial environment.

Major Production and Export Centers The worldwide electrical and electronics industry is experiencing phenomenal and remarkable changes these days. The worldwide electronics industry is distinguished by fast technological advances and has grown rapidly than most other industries over the past 30 years. In Asia Pacific region, Japan, Korea China, Taiwan, India and Singapore are the principal manufacturing hubs for electrical and electronics products. China is becoming the manufacturing region of electronic products on the globe. The key electronics manufacturing destinations are Guangdong province, South Jiangsu, Shanghai and eastern part of Zhejiang. In United States of America, New York, Atlanta, Colorado, Detroit, Florida, New England, San Diego, San Francisco, and Texas are the major industrial hubs of electronics industry. Presently, the electronic products manufacturing is

expanding on an unprecedented scale in Asian region and deflating in the Americas and Europe. In year 2002, Asia occupied 41% of total electronics market share, which has now risen to 56% in 2007.

Factors Governing the Growth of this Industry The key factors governing the growth of electrical and electronics industries are as follows: Rising and continuous investments in research and development has led to increased productivity and higher-value added electrical and electronics products.

Increased foreign investments have resulted in the accelerated growth in terms of electronics production and exports. Foreign companies are now making huge investments and are installing extensive production capacities in developing countries.

Extends support to several global industries namely medical, telecommunications, industrial and automotive sectors. Rising incomes and living standards have resulted in the increase in demand of electronics especially consumer electronics products in the world. This industry is highly fragmented which comprises of many small and medium size enterprises. Asia Pacific region is emerging as the most spinning place for the consumer electronics industry, as the markets remain still unbroached. Rapid pace of innovation in electronics technology is resulting in a consistent demand for newer and faster products and applications.

Future Outlook The worldwide electrical and electronics industry is experiencing phenomenal and remarkable changes these days. The worldwide electronics industry is distinguished by fast technological advances and has grown rapidly than most other industries over the past 30 years. Voluminous production is slowly and gradually moving towards low cost destinations, which in turn are the markets which offer the most long term potential.

The global electronics industry is driven by demand for the products, which are durable, lighter, cheaper, and better than the ones, they replace. To meet up the growing market demands, industry is slowly and gradually shifting its base to Asia Pacific countries, which is now the prominent source of electronic components and is soon going to turn out to be the primary destination for consumer electronics. There is an estimation that within 20 years, two third of the electronics industry will be four times as big as today and half of it will move into Asia.

Foreign collaborations and mergers are on a rise. A new wave of industrialization is throwing up several business opportunities for electrical and electronics market to further its market. There is a vast growth in the sales of computers, software and networking products. Younger generation is increasing becoming tech savvy and spending huge amount of money on digital products such as MP3 players, Dvd players, CD players, mobile phones, speakers, headphones, shuffle, nano etc.

The future seems prosperous for this electrical & electronics industry in terms of the expected surge in global demand and upsurge in investments. Many trends such as over-capacity in developed markets, globalization, technology advances, regulation and environmental consideration, market fragmentation and product proliferation will lead to the accelerated growth of this sector.

1.3 COMPANY PROFILE

About the company: Quality-Centering Around The Customer

The name "Indo Asian" is today synonymous with high quality in the field of electrical distribution and protection equipment in India,Asia as well as other developed countries.

Quality of our products and processes is, in fact, checked by impartial bodies which is now a variety of Indo Asian products are ASTA tested and their manufacturingplants have won ISO 9001 certification from BVQ1, UK. In fact, Indo Asian FusegearLtd.Was the first Indian manufacturer of electrical safety equipment, to be awared ISO 9001 certification under the upgraded 1994 guidelines.

At Indo Asian, we recognise that Quality holds the greatest insurance to our Customer. Especially, when one manufacturer's product looks no different from anothers! Which is why, inspite of certifications and recognitions, we have put in place Quality Management Cycle that works right around, from materials procurement to product application; with everything revolving around the customer's needs, customer's preferences and his objectives.

Ultimately, how well our products safeguard human lives and property, is our primary concern. Research & Development.

Considerable importance is attached to research and development at Indo Asian. Every process and product is supported by our well-equipped, modern Research & Development Centre where a dedicated team of experts apply themselves to developing the latest, innovative product designs and process technology. Their endeavours have consistently improved product performance and functionality, keeping in mind that customers' needs are constantly changing. This apart, Indo Asian's joint venture partners, who are themselves world leaders in their respective fields, provide technology 'bridges' that enable transfer of technology that is further adapted by Indo Asian to suit indigenous or developing country's environmental conditions and needs.

Crossing Global Frontiers

Indo Asian's products are well accepted in countries around the world. Our regular Overseas markets include: Russia, Australia, Newzealand, Malaysia, Nepal, Sri Lanka, UAE, Syria, Iran, Jordan, Cyprus, Angola, Some of our valued major foreign customers include: Public Utilities in South Africa.

Some of our major customers in India include:

Railways Integral Coach Factory, Electricity Boards, CPWD , PWD, NTPC, Indian Oil Corporation Limited, Oil & Natural Gas Commission Limited, Reliance Industries Limited, Blue Star Limited , MRF Limited, Ashok Leyland Limited, Bajaj Auto Limited, Tata Honeywell Limited, Hindustan Lever Limited. History of the company

The world is at a turning point. There is a virtual explosion in terms of human population; industrial production technology changes and-communication pathways. Geographical barriers are breaking down, giving way to the creation of a gigantic global village... In this scenario, one will have to learn to work along with others in the larger interest of mankind rather than individual or limited, national interests. This is a commitment that is imperative."

"At Indo Asian, our single-minded dedication towards building better electrical control and protection equipment, is a vindication of this commitment. By providing technologically better and environment-friendlier products we contribute our mite to build a prosperous and productive human society; safe and secure in its highly protective use of electrical power for betterment of lives."

"Power, whether nuclear, petroleum-based or electrical, is means to prosperity. Its per capita consumption in any human society being a direct indicator of the standard of living. In such a situation, providing the means to safely and securely utilise electrical power is undoubtedly an endeavour to improve standards of living." And, Indo Asian is proud to be one of its global contributors."

Preface

Electricity has become an inseparable part of our daily lifestyle. In homes, offices, industries and hospitals, there are myriad systems, equipment and sophisticated appliances that

depend on electrical energy. Yet, uncontrolled electrical power can be extremely dangerous. Overloads, crowded wiring, short-circuits and all kinds of interruptions in supply can lead to devastating losses, least of them being financial.

Under these circumstances, we, at Indo Asian are proud to be known and respected the world over for our range of superior quality, electrical control and safety devices. Through them, we speak of our abiding concern for safety, security and productivity of our customers.

Protection of the environment and conservation of plant life have acquired a vital place in today's industrialized society. Continuous efforts have been made by Indo Asian to plant trees and shrubs for harmonious co-existence. The process of maintaining the balance of nature together with industrial growth is ongoing at Indo Asian, which looks forward to the future with an indomitable spirit...

The Indo Asian Story

From an enterprise formed in 1958 by a young group of technocrats, Indo Asian has grown into a multi-product, group of companies, manufacturing and marketing a wide range of electrical control and protection equipment. The superior quality of these products has earned them the respect of the Indian market and the world over where they are popular under the brand names : Indo Kopp MCBs, Stopshock RCCBs, Indo Asian HRC Fuselinks, Indo Asian Industrial Plugs & Sockets and Contactors & Relays.

The group's annual turnover, which grew from Rs. 10 million in 1986, to Rs. 600 million last year, is slated to reach Rs. 2500 million by the year 2006. Its modern manufacturing units at Sonepat, Noida, Parwanoo and Jalandhar, are being further augmented. Once achieved, this would be largest production base in India of the next generation of MCBs, RCCBs, Compact Fluorescent lamps and other high technology, high quality electrical control and safety equipment.

The group's pursuit of excellence is backed by extensive in-house R & D, technical and commercial collaborations with world leaders, Heinrich Kopp AG, with over 150 highly qualified, technical Managers and a 1050-strong workforce of quality conscious, superbly trained personnel, Indo Asian is all set to scale new heights of growth, excellence and worldwide acceptance.

The companies presently comprising the group, are: Indo Asian Fusegear Ltd. Indo Kopp Pvt. Ltd. Indo Asian Marketing Ltd. Almost 50 years back, on 8th August, 1958, a young group of technocrats indigenously developed India`s first sheet steel enclosed rewirable switch at Jalandhar in Punjab. This marked the birth of Indo Asian, which today has grown into a multiproduct, multi-location company specializing in manufacturing and marketing a wide range of high-tech electrical products used for distribution, protection, control and conservation of electrical energy.

Vision of the company

Our Vision "enriching quality of life by ensuring safe, efficient and convenient use of electricity" has been our guiding force for development of new and better products. The culture of innovation and constant change has played a key role in our success.

Mission of the company

The mission has now expanded and evolved further to include exciting new products, new markets. It also involves a far greater responsibility to mankind and to our increasingly vulnerable planet.

The quality policy of the company

Indo Asian Fusegear Limited is committed to provide quality solutions for Protection,Distribution,Control & Conservation of Electrical Energy By: Attending To our customers needs by understanding. meeting and exceeding their expectations. Fostering Continual Improvement through effective Quality Management System in our work processes. Looking after the development of human resources for superior performance throughout the organization.