Commercial Credit Report for Elecon Engineering Company Ltd. (India)

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Elecon Engineering Company Ltd.
Anand Sojitra Road
Post Box 6
Phone: (2692) 230-017	Vallabh Vidyanagar 388 120 India	Ticker: 505700

Business Summary

Elecon Engineering Company Limited is an India-based company. The Company is a manufacturer of power transmission and material handling equipment with technology based products. The Company has two segments: gear division and material handling equipment (MHE) division. Its products include elevators, conveyors and moving machines, gears and crushers. The Company has joint ventures with Madhuban Prayas Resorts Ltd., PWH Materials Handling Limited, RingspannElecon (I) Limited and EimcoElecon (I) Limited.

(Source: ARS)

Financial Information

Latest Financial Statements and Analyses:	9/30/2009 Annual Financials Quarterly Financials
Current Fiscal Period:	2Q 2010
Fiscal Year End:	December
Last Audit:	3/31/2009
Auditors:	Thacker Butala Desai
Audit Opinion:	Unqualified

Industries

Type

Code

Description

Sector

CAPGDS

Capital Goods

Industry

MSCGDS

Misc. Capital Goods

SIC

3534

Elevators And Moving Stairways

3535

Conveyors And Conveying Equipment

3566

Speed Changers, Industrial High-Speed Drives, And Gears

NAICS

333921

Elevator and Moving Stairway Manufacturing

333922

Conveyor and Conveying Equipment Manufacturing

333612

Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing

Management

Title

Name

Age

Title Date

Start Date

Chairman of the Board, Managing Director

Prayasvin B. Patel

3/28/2006

Chief Financial Officer, Vice President - commercial

Hemendra C. Shah

Compliance Officer, Company Secretary

Paresh M. Shukla

5/5/2008

5 additional Management records available in full report.

General Information

Number of Employees:	889	(As of 3/31/2009)
Outstanding Shares:	92,861,510	(As of 9/30/2009)
Shareholders:	45,877	(As of 3/31/2009)
Stock Exchange:	BOM
Fax Number:	(2692) 233-527