The EBIDTA margins remained around 35%, which was more or less unchanged. However, due to fall in requirements of transformers due to delay in power projects together with more capacities building up by the manufacturers and new players coming up in India, the margins will remain under pressure. Overall the margins will come down to 20-22%, which are more realistic margins.

The company expects good amount of orders for transformer industry in couple of months due to elections. Thereafter in first half of 2009-2010, the company does not expect many orders to flow.

Of the total order book position of Rs 114 crore, nearly 60% orders are from Industrial and export side and the remaining are from SEB's. There is a drastic change in the composition of the order book position for the company. At one point of time SEB's contribute nearly 70-75% of the total order book position and there was hardly any exports.

The Promoters have sold off their entire 54% stake to GE, US and will be at the management position for one more year. The promoters have mentioned that it was just that they were looking for technology collaborations and when GE show the latest high end transformer plant and visited its offices, they made the offer and the promoters and their relatives have approved the same.

Indo Tech has a technology tie up with Du-Pont for Dry type transformers and according to which Indo Tech manufactures those transformers and Du Pont sells them under its brand name. The technology tie up will remain subsequent to the acquisition of GE.

The company has a tem loan of Rs 16 crore and hardly any working capital funding. However the requirements of working capital funding will increase because of more industrial and export orders to be executed in future.