This circuit was designed to detect when a call is incoming in a cellular phone (even when the calling tone of the device is switched-off) by means of a flashing LED. The device must be placed a few centimeters from the cellular phone, so its sensor coil L1 can detect the field emitted by the phone receiver during an incoming call.
The signal detected by the sensor coil is amplified by transistor Q1 and drives the monostable input pin of IC1. The IC's output voltage is doubled by C2 & D2 in order to drive the high-efficiency ultra-bright LED at a suitable peak-voltage.
Stand-by current drawing is less than 200