Accel Transmatic Ltd. closes FY 2006-07 with a Total Income of Rs. 41.78 Cr & PAT of Rs. 4.31 Cr

May 31, 2007 - PRLog -- For the financial year ended March 31, 2007, ATL has posted a Net Turnover of Rs. 35.03 Crores and Profit Before Tax of Rs. 3.13 Crores up from Rs. 29.35 Crores and Rs. 2.57 Crores respectively for the previous year.  On account of extra-ordinary items, the Company declared a Total Income of Rs. 41.78 Crore and Profit After Tax of Rs. 4.31 Crores. Considering the encouraging financial performance, the Board has decided to maintain the dividend at 6 % conserving the resources for future use.

In a Board meeting held today, the company has also unveiled its ambitious plans for expansion in the Animation division including setting up of India’s first motion capturing studio in the Kinfra Film and Video Park in Thiruvananthapuram by September 2007.

Commenting on the performance of the company, Mr. N. R. Panicker, Chairman of Accel Transmatic Ltd. said, “FY 07 witnessed a slew of new strategic initiatives that has created a robust foundation for the company to grow from strength to strength in the coming years. This year has  been financially successful with growth in both revenue and profits. New clients with good revenue potential have been added during the year. We strongly believe that the momentum will continue for years to come, which will enable us to achieve our growth targets.”

Mr. T. Ravindran, President of Transmatic Systems Division said: “During the Year we launched three products for the Government, Utility and Banking Industry segments. All the products have been well received. We remain confident of the overall business prospects and our recent wins shall help us to continue to grow in the subsequent quarters.”

Mr. S. Muralidharan, CTO of Accel Animation Studios said, “We have received very good appreciation from the international market for our Thirukural based animation series , “South India Fables” being distributed worldwide by LongTale Inc. Los Angeles. We are also working on a few projects currently with “Kahani World” of Canada. Along with these tie ups we have also initiated the process to set up India’s first motion capture studio in KInfra Park, Thiruvananthapuram. We are confident that our multi-pronged strategy of working on IP and Service based models in 3D Animation, VFX and Gaming  will enable us to become a highly profitable business entity in the Animation Industry.”


Key Highlights for the Financial Year Ending March 31, 2007:

§   Smart turn around in performance of all the divisions

§   Newly launched Animation Division had brisk start with three customer wins within the first six months.  Co-Production agreement signed with 2 North American Media companies

§   The company has unveiled ambitious plans for expansion in the Animation division including setting up of a India’s first motion capture studio the Kinfra Film and Video Park in Thiruvananthapuram by September 2007

§   The Transmatic Systems Division’s new initiative to design and manufacture automated utility payment kiosks and ticket vending systems, has been well received. Major orders coming in from the Banking and Government segment

§   The embedded software division (Ushus Technologies) doubled its export turnover during the year with 2 new client acquisitions in Japan

§   The company launched a wholly owned subsidiary in California, USA in Jan 2007 to market its services

§   The training division hived off as a wholly owned subsidiary effective 31 March 2007 to mobilise investments and to exploit the huge market potential in the segment

About Accel Transmatic Limited

Accel Transmatic Ltd., formerly known as Transmatic Systems Ltd., was formed in 2004 through a strategic merger of Transmatic Systems Ltd., Accel Software & Technologies Ltd. and Ushus Technologies Pvt. Ltd. ATL provides solutions for Automated Payment Collection Systems, Embedded Software and Animation Content Development through its three business divisions namely Transmatic Systems.

Transmatic Systems Division is engaged in the design and manufacturing of Automated Payment Collection Systems, Q-Management Systems and Multi-Function Kiosks. Ushus Technologies Division is engaged in Outsourced Software Product Development Services in Imaging, Multimedia, Networking and Embedded Systems. Accel Animation Studios is a new division created by the company to address the fast growing market segment of 3D Animation, VFX and Gaming. The company has a wholly owned subsidiary Accel Academy Limited, engaged in Career Development Programs in Networking, Embedded Systems and Animation Technologies.

The company has its subsidiary companies in Tokyo, Japan and San Jose, California USA. A significant
all India presence with offices in 10 strategic locations enables better market reach and customer service.


To learn more about Accel Transmatic Ltd. please visit www.acceltransmatic.com or email info@acceltransmatic.com or contact

S. T. Prabhu
Company Secretary
Accel Transmatic Ltd.
Ph: 98400-68582
email: stprabhu@accel-india.com

Twinkle Xavier
098844 80115
20:20 Media
twinkle@2020india.com