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Mr.A P Parigi joins Accel Transmatic Ltd as Senior Advisor and consultant
November 10, 2010, Chennai

Accel Transmatic Ltd today announced the appointment of Mr. A. P. Parigi as a Senior Advisor and Consultant, who will advise them on all media, animation, VFX and gaming related matters. He will also be the Chairman of Accel Media Ventures Limited (a group company ) and Corporate Advisor to the Accel Group.

The company's animation arm, Accel Animation Studios was set up in Chennai in July 2006, as part of its initiative to foray in to digital media technologies. In a short span, Accel Animation Studios has established itself as one of the leading 3D animation / VFX studios in India which offers a single window solution for creation of 3D animated content for home video, TV broadcast and theatrical feature segment. Its international business model gives local and remote clients the opportunity to produce and co-produce and distribute animation content anywhere in the world.

Mr.Parigi will guide Accel's media initiatives to the next level.

Mr. Parigi has 35 years of experience spanning across several sectors including telecommunications, media & entertainment. He is a member of the Board of Directors of Bennett, Coleman & Co. Ltd. (TOI). He also serves on Boards of Times Group companies including Times Innovative Media Limited (out-of-home ), Times Global Broadcasting Company Limited (Times Now), Worldwide Media (a joint venture with the BBC), and TIML Global Limited, UK. He has held number of key positions including that of the CEO of BPL Mobile Communications (a joint venture with France Telecom), Mumbai. He is credited with developing & establishing Radio Mirchi, India's largest private FM radio network, into a power brand and one of the fastest growing media platforms, with a footprint of more than 200 million people across 32 cities, and broadcasting in 10 languages. Radio Mirchi has a weekly listenership of over 42 million. After his tenure as Managing Director of Entertainment Network (India) Limited (Radio Mirchi), Mr. Parigi also served as Managing Director & Group CEO of Eros International Limited, India.

In April 2009, Mr. Parigi was a recipient of the Rensselaer Entrepreneur of the Year Award conferred by the Severino Center for Technological Entrepreneurship in the Lally School of Management & Technology, New York. In June 2010, Mr. Parigi joined the business advisory council of the Said Business School (Oxford University), UK. He is also on the advisory board of the Fordham Graduate School of Business, Fordham University, New York.

Accel was founded in March 1991 by five first-generation technopreneurs under the leadership of Mr. N R Panicker. The Group’s flagship Company Accel Limited is a technology holding company focusing on Information Technology industry and Media.. The group companies operate in the domains of Systems Integration, Technology Services, Software Development and Business Process Outsourcing and Animation Content Development.. Accel's offices are spread across 59 cities in India, Singapore, Middle East and the United States.

Commenting on the development Mr. N R Panicker – Chairman, Accel Group said "Mr. Parigi will advise us on various strategic matters in the group companies and help us move to the next league."

For further Information contact- Mr.N.R.Panicker, Chairman, Accel Group. - Phone no +919791008584.

 
Accel Transmatic Limited Turnover up by 58% in Second Quarter
Chennai, 10th November, 2010

Chennai, 10th November, 2010: Accel Transmatic Ltd (ATL), a listed company in BSE (Code No.: 517494), which has one of the fastest growing animation company in India has recorded a revenue growth of 58 % at Rs 613 Lakhs in the quarter ended as on 30th September, 2010, on a consolidated basis compared to Rs 389 Lakhs in the corresponding quarter in the previous year.The company made a nominal profit Rs 17.87 Lakhs as against a loss of Rs 146 Lakhs for the corresponding quarter in the previous year.

Accel Animation Studios, a division of ATL had posted revenue of Rs 131 Lakhs for the quarter ended as on 30th September, 2010, up by 21% from Rs 102 Lakhs in the corresponding previous period.

Ushus Technologies, the embedded software division had posted revenue of Rs 486 Lakhs up from Rs 287 Lakhs over the corresponding quarter of previous year.

Commenting about the results, Mr. N. R. Panicker, Chairman Accel Transmatic Limited said, "We are in the progressing stage, after long period of lower growth. We expect to improve the performance from now on. The recent developments in both Accel Animation and Ushus technologies in winning new contracts is expected to render us with good results in the next financial year onwards.. More projects are in the pipeline that will take us to higher and better performance".

Key Developments at Accel Animation Studios:

  • Accel Animation has signed an agreement with Pune based Big Animation, a division of Big Entertainment for creating the India’s very own Intellectual Property – Shaktimaan as animated series on co production model.
  • Accel Animation' has pioneered the promotion of Indian characters and stories for the international market. Close on the heels of completing the animated version of ancient Tamil Literary work "Thirukkural" as "Ek Tha Jungle", which is being premiered on the Disney Channel, the company has Launched "Raju the Rikshaw" an 78 episode 3 D Animated series to be distributed worldwide by Cyber Group Studios of France. The Delivery is expected to start from March 2011.
  • The Company is presently working on Visual Effects for "The Flying Machine" a feature film by renowned producer Huge Welch of Break Films of UK. The company has the all India distribution rights for this movie as part of the commercial terms. The film is expected to hit screens early next year.

    .. contd.

Key developments in Ushus Technologies

  • Ushus Technologies has gained 2 new clients during the quarter which will start yielding revenues from the next quarter onwards.
  • Considering the expanding business operations in Ushus technologies, the company has initiated action to set up the 2nd development unit in the SEZ at Infopark, Kochi.

About Accel Transmatic Limited:

Accel Transmatic Ltd., a BSE listed company (Code No: 517494), formerly known as Transmatic Systems Ltd., was formed through a strategic merger of Transmatic Systems Ltd., Accel Software & Technologies Ltd. and Ushus Technologies Pvt. Ltd. The company operates through 2 business divisions namely Ushus Technologies and Accel Animation Studios and has its subsidiary company in San Jose, California USA.

Ushus Technologies provides software development for engineering and embedded applications, whereas the Accel Animation Studios provides 3D animation, VFX and MOCAP services to the customers.

For further Information contact- S T Prabhu, Company Secretary, Accel Transmatic Limited. - Phone no +919840068582.

 
Accel Animation in Co Production Pact with Big Animation to produce "Shaktimaan" - in Animated Avatar
Chennai, 14 October 2010
Accel Animation Studios, a division of Accel Transmatic Limited today announced that they have joined hands with Pune based BIG Animation, to co-produce "Shaktimaan" in animation for TV broadcasting, a move that may redefine the future course of Indian Animation Industry..

The deal happened in Chennai where Mr. Ashish SK, CEO BIG Animation and Mr.N R Panicker , Chairman Accel Animation Studios signed the MOU to join hands to recreate the series in animation that has already existed for over 10 years as one of the most popular live action program in Indian broadcasting. In its first case of shared responsibilities between two biggest Indian animation studios, Shaktimaan will be co financed and co produced by BIG Animation and Accel Animation.

BIG Animation will take care of the ideation, visualization, pre-production and post-postproduction responsibilities while Asset creation and animation production till compositing will be done by Accel Animation.

Commenting on this path breaking tie-up, Mr. Kulkarni said, “BIG Animation and Accel Animation joining hands to develop an Indian property to be produced in India with Indian talents for both Indian and international broadcasting is for sure a landmark association for the entire Indian Animation Industry. It just shows that the industry is maturing enough to create collaborative home productions that will have international potential. It also shows how fast the Indian talent pool is gearing up to take up such challenges of quality deliverables completely by themselves without any overseas support on the creative front. It is high time that we create properties jointly. This is the first initiative of its kind in India where two Indian studios are coming together and I just hope that this deal between BIG Animation and Accel will open the doors for many more Indian studios to leverage on each others capabilities for developing properties with shared responsibilities. We are confident that “Shaktimaan” will turn out as a landmark production that will create a quality benchmark for Indian properties in digital 2D for broadcasting."

Accel Animation in just under 4 years of its existence has already done a commendable job with its Thirukkural based series which is internationally marketed as Indian Fables and being telecasted on the Disney Channel in India as Ek Tha Jungle. Accel is also being involved with several upcoming original television series and feature films for the international market.

Commenting on the collaborative venture with BIG Animation, Mr. Panicker said "Collaborate and grow should be the mantra for Indian Animation Companies who want to reduce the cycle time to bring new properties to the market. The International market for Indian Animation is just opening up and such collaborations will help us to leverage on each other's strengths to produce world class properties. Shaktimaan has been a very successful property and we believe that Shaktimaan in Animated format will be even more popular."

With the international success of Little Krishna already under his belt, Mr. Kulkarni is setting up the best team in the country for digital 2D to make sure that the legacy of "Shaktimaan" continues not only for Indian broadcasting but ensuring that the property lends itself in the international market as well.

Stressing on the enigma that Shaktimaan had been for Indian kids for over a decade, the "living Shaktimaan", Mr. Mukesh Khanna sounded ecstatic about the product. " For a very long time I have been looking for the right association who will understand the real potential of the series for the present generation of kids on an international level. I have known Ashish for years now and have always appreciated his dedication and commitment towards developing animated properties. I have worked with him and his team earlier on "Hey Krishna" and is aware of the strength and potential of his team. They are truly capable of creating magic. So when on behalf of BIG Animation, Ashish offered me to do Shaktimaan in animation, I knew I have found the right studio that make Shaktimaan immortal by transforming it into animation. It is a product close to my heart. You can say I am both emotional and sentimental about it. Kids all around the country recognize me as their own Shaktimaan and I have a responsibility towards them. In that context, I am happy to say that the designs of Shaktimaan for animation are looking stunning and kids will love every aspect of it in animation form too. BIG Animation has roped in Mr. Jeffrey Scott to write the scripts, which is another big plus for the series. All I can say to the kids in India is that – wait, your favorite Shaktimaan will be back soon and you all can't believe what amazing adventures he is going be a part of in its animated form."

For further Information contact- S T Prabhu, Company Secretary , Accel Transmatic Limited.- Phone no +919840068582
 
'Accel Animation Studios' global foray with "Ek Tha Jungle" Worldwide distribution agreement signed with Monster Distributes of Ireland.
Chennai, 30 March 2010

Accel Animation Studios a division of Accel Transmatic Ltd. has announced that it has entered into an agreement with 'Monster Distributes' an international television series financing and distribution company based in Ireland, for the worldwide distribution of 'Ek Tha Jungle', the 3D animated 26 episodes television series based on morals from Thirukkural, renamed as Indian Fables. The international agreement with Monster is valid for a period of three years and includes Television, home video rights for the series in 3D/CGI, HD format. "Indian Fables" is based on centuries old classics rich in moral and traditional values, presented in a highly entertaining short story format that is appealing to all. This Accel owned Intellectual Property (IP) has been developed and produced in-house at the world-class facilities of Accel Animation Studios in Chennai.

Accel Animation’s Chairman Mr. N. R. Panicker was pleased with this development and said "Our signing the agreement for the international distribution of 'Indian Fables' coming close on the heels of our signing the national broadcast agreement with Walt Disney India, gives us immense satisfaction that our effort to create Indian Content for the global audience is bearing fruit. Monster Distributes is an ideal partner who has the distinction of distributing animated content to over 170 countries worldwide." A Tamil adaptation titled 'Thirukkural Kathaigal' in a format which will appeal to Tamil Audience, with ‘Kural’ recital and narration by eminent personalities will be released shortly for TV telecast and Home Video segment."

About Accel Animation Studios

Accel Animation Studios was set up in Chennai in July 2006 as a division of Accel Transmatic Ltd., a technology services company, as part of its initiative to foray into digital media technologies. The company provides world class services in the areas of 3D Animation, VFX, and Motion Capture. It has a talented pool of experienced professionals serving the cinema, entertainment and edutainment industry. It has 2 facilities located in Chennai, and Thiruvananthapuram in India. A 30,000 SFT fully furnished and equipped facility in the heart of Chennai where the Head Office, Animation Production, and post production facilities are located, and a 10,000 SFT facility housing latest motion Capture facility and 3D Production unit in the Animation SEZ in the Film and Video park, Thiruvananthapuram. Accel Animation Studios’ business model involves producing world class intellectual property for global exploitation and co- production in association with global companies and working as outsourcing partners. In a short span of 3 years, Accel Animation Studios has emerged as one of the leading 3D Animation Studios in India.

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. The company operates through 2 business divisions namely Ushus Technologies and Accel Animation Studios and has its subsidiary companies in Tokyo, Japan and San Jose, California USA.

For more information, please contact:
Mr. S. T. Prabhu
Accel Transmatic Ltd.
email:stprabhu@accel-india.com

About Monster Distributes Limited

Monster Distributes Ltd. Is an international media distribution company based in Dublin, Ireland and has distributed television series in over 200 countries including many Oscar and Emmy award winning programmes and the popular music series ‘Planet Rock Profiles’. The company builds a number of long-running series into international television, video/ DVD brands through ensuring the widest possible distribution across TV, video, multimedia, internet etc.

To learn more about Monster Distributes Ltd. please visit
www.monsterdistributes.com

 
Accel Transmatic Ltd. announces financial results for the 2nd Quarter and Half Year ended September 30, 2007

Quarterly Turnover up by 37.23 % at Rs.120 mn and Profit After Tax up by 8% at Rs. 11.4 mn compared to the corresponding period last year.

For the Half-year period, the turnover was up by 46.7 % at Rs. 224.8 mn and Profit After Tax up by 15.37% at Rs. 21.6 mn compared to the corresponding period last year.

The board has approved allotment of warrants convertible into shares on a preferential basis to strategic investors and business associates subject to completion of required formalities.

Chennai, October 26, 2007:
Accel Transmatic Ltd. announced its unaudited financial results for the second quarter ended September 30, 2007. On a consolidated basis the company recorded a turnover of Rs. 120 mn against Rs. 87.4 mn for the corresponding period last year. The EBIDTA has improved to Rs. 25.4 mn from Rs. 17.9 mn, registering a growth of 42 % over the corresponding period last year. The company declared a Profit After Tax of Rs. 11.4 mn after providing for tax expenses of Rs. 4.05 mn against last years PAT of Rs. 10.5 mn and tax expenses of Rs.1.18 mn respectively.


For the half-year ended September 30, 2007, the company has posted a Net Turnover of Rs. 224.8 mn and Profit After Tax of Rs. 21.6 mn up from Rs. 153.3 mn and Rs. 19.9 mn respectively for the first six months of the previous year. Registering a growth of 46.7 % in turnover and 15.4 % growth in PAT over the corresponding period last year.
Revenues (Net) 120.02 87.45 104.83 224.85
Cost of Revenues 36.98 27.27 30.38 67.37
Gross Profit 83.03 60.18 74.45 157.48
Gross Profit % 69.18 68.82 71.02 70.04
EBITDA 25.42 17.88 22.03 47.45
EBITDA % 21.18 20.44 21.02 21.10
Interest including finance charges 4.43 2.70 3.81 8.24
Depreciation 5.50 3.37 4.92 10.42
Profit Before tax 15.49 11.80 13.30 28.79
Current Tax 2.32 1.07 1.46 3.78
Deferred Tax 1.74 0.11 1.73 3.47
Net Profit After tax 11.44 10.62 10.11 21.55
Key Highlights:
The company witnessed sustained growth in all it’s business divisions.
The software division, Ushus Technologies, has acquired new customers in the EMEA region.

The Animation division, Accel Animation Studios has signed up new contracts with prestigious production houses in India and the US.

The company is completing the process of setting up a Motion Capture facility in the KINFRA Animation SEZ at Thiruvananthapuram.

The wholly owned subsidiary Accel Academy Ltd. has entered into an exclusive arrangement with the Karnataka State Open University to offer University Degree Programs and Post Graduate Diploma programs for the State of TamilNadu in selected sectors such as Computer Science, Business Administration, BPO, Forensic Technology & Cyber crime, Audio & Video Production and Retail Management. The courses will be offered through its centers.
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.

The company operates through three business divisions namely Transmatic Systems, Ushus Technologies and Accel Animation Studios.

Transmatic Systems Division is engaged in the design and manufacturing of Automated Payment Collection Systems, Q-Management Systems and Multi-Function Kiosks. Its products are being used by leading utility companies and Banks. Recently the ticket-vending kiosk developed by Transmatic Systems has been selected by CRIS (Indian Railways) for implementing smart card based ticket vending systems.

 
Ushus Technologies Division is engaged in Outsourced Software Product Development Services in Imaging, Multimedia, Networking and Embedded Systems.
Accel Animation Studios, a new division created by the company to address the fast growing market segment of 3D Animation, VFX and Gaming, has it’s studio in Chennai and is in the process of setting up India’s first Motion Capture Studio at the Kinfra Film and Video Park in Thiruvananthapuram.
 
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.
 
The company has a wholly owned subsidiary Accel Academy Limited, engaged in Career Development Programs in Networking, Embedded Systems and Animation Technologies.

To learn more about Accel Transmatic Ltd. please visit www.acceltransmatic.com or
email info@acceltransmatic.com
Contact
S. T. Prabhu Company Secretary Accel Transmatic Ltd.
Ph: 98400-68582
email: stprabhu@accel-india.com
Sumitha Krishnamoorthy
20:20 MEDIA
Ph: 97890 95095
email: sumitha@2020india.com
Safe Harbor:

Investors are cautioned that the above document may contain forward-looking statements that involve risks and uncertainties. Accel Transmatic Ltd. undertakes no obligation, to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Actual results, performances, or achievements could differ from those expressed or implied in such forward-looking statements.
 
 
Accel Academy offers specialised courses from Karnataka State Open University.
Chennai, 18th October 2007
Dr. Janardan Jha, Senior Adviser, Dayananda Sagar Global Education
Dr. Janardan Jha, Senior Adviser, Dayananda Sagar Global Education

Accel Academy Ltd. (AAL), training arm of the Accel group and a wholly owned subsidiary of Accel Transmatic Ltd. has been appointed exclusive ‘Academic Co-ordinator’ for Tamil Nadu region, for specialized courses being offered by Karnataka State Open University.

Dr. Janardan Jha, Senior Adviser, Dayananda Sagar Global Education (DSGE) announced this tie up between AAL and DSGE during his visit to Accel headquarters, Tuesday 16th October 2007.

Mr. N. R. Panicker, Chairman, Accel group of companies, acknowledged this appointment as a recognition for Accel Academy, which has 16 years of experience in IT Training industry and a large presence in Tamil Nadu and Kerala through its own Centers.

With the arrangement with Karnataka State Open University, Accel Academy will offer University Degree Programs and Post Graduate Diploma programs in selected sectors such as Computer Science, Business Administration, BPO, Forensic Technology & Cyber crime, Audio & Video Production and Retail Management.

The courses are focused on meeting industry demand and are designed to enhance knowledge in functional areas important to the corporate sector. AAL now offers these courses from Karnataka State Open University (KSOU) through their study centers under the Distance Learning Methodology. Dr. Jha pointed out that the courses have been selected based on the large number of employment opportunities being thrown up in these sunrise sectors, which face severe talent crunch. Accel Academy, with its training industry experience and well-spread network of Centers is an ideal partner to effectively execute such programs and enable large-scale career development. Mr. N. R. Panicker mentioned that the contact programs will be conducted through Accel IT Academy Centers and a limited number of franchisees, initially in Tamil Nadu.

Dayananda Sagar Global Education is the resource partner to Karnataka State Open University.

About Accel Transmatic Ltd

Accel Transmatic Ltd. is a technology development and services company headquartered in Chennai and listed on the Bombay Stock Exchange Ltd. The company operates through three business divisions namely Transmatic Systems, Ushus Technologies and Accel Animation Studios. The company has its subsidiary companies in Tokyo, Japan and San Jose, California USA.

Accel Academy Limited is a wholly owned subsidiary of Accel Transmatic Ltd., engaged in Career Development Programs in Computer Hardware and Networking, Embedded Systems, Animation and Visual Effects.

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

V. Mohan
Accel IT Academy
Ph: 91 - 44 - 2374 5994
email: mohan.v@accelitacademy.com

Twinkle Xavier
20:20 MEDIA
Ph: 9884480115
email: twinkle@2020india.com


Accel Transmatic Ltd announces quarterly performance for the quarter ending June 30th 2007.
Chennai, July 20, 2007
Accel Transmatic Ltd. (ATL) announced its unaudited quarterly results for the quarter ending 30th June 2007, which was taken on record by the Board of Directors on 19th July 2007.


For the quarter ended June 30, 2007, the company has posted a consolidated net turnover of Rs.10.48 Crores against Rs.6.62 Crores during the corresponding quarter of the previous year, registering a growth of 58%. The EBIDTA went up by 60% to Rs.2.20 Crores against Rs.1.40 Crores during the corresponding period last year. The Profit Before Tax was up 66% at Rs. 1.33 Crores against Rs. 0.80 Crores for the same period last year. After providing for deferred Tax liability of Rs. 0.17 Crores, the company has declared a profit after tax of Rs.1.01 Crores.

Announcing the quarterly results, Mr. N. R. Panicker, the Chairman of the Company said, “During the first quarter, the company has improved its all round performance. Our initiative with Accel Animation Studios has received wide acceptance. The Government of Kerala has allotted two acres of land in the Film and Video Park SEZ in Thiruvananthapuram for the company to set up its campus for animation and gaming development. The newly formed subsidiary, Accel Academy Ltd. is planning for expansion of their training centers to newer territories in Karnataka and Andhra Pradesh during the current financial year.”

Mr. T. Ravindran, President of the Systems Division said: “We have obtained approval during the first quarter for the railway ticketing systems to be installed in the Western Railway and initial shipments have been made. We would now be completing the deliveries of the initial orders during the second quarter.”

Mr. S. Muralidharan, CTO of Accel Animation Studios said, “During the quarter we have completed work on a Visual Effects project for a feature film to be released shortly. We are on target to complete the first release of ‘South India Fables’ for LongTale Inc. and the first episode of ‘Raju the Auto rickshaw’ for Kahani world Inc. of Canada during the second quarter of the financial year.
 
Accel Transmatic Ltd. – Annual Performance for the Financial Year ending March 31, 2007
Accel Transmatic Ltd. closes FY 2006-07 with a Total Income of Rs. 41.78 Crores and Profit after Tax of Rs. 4.31 Crores.

The Company proposes to expand its Animation Division with new facilities in KINFRA-Film & Video Park, Thiruvananthapuram.
Chennai, May 29, 2007:
Accel Transmatic Ltd. (ATL) announced its audited consolidated financial results taken on record by the Board of Directors for the financial year ended March 31, 2007.

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.
Key Highlights:
There has been a smart turn around in the performance of all the Business Units.

The newly launched Animation Division had a 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 Motion Capture Studio for the first time in India in 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 was hived off as a wholly owned subsidiary effective 31 March 2007 to leverage the opportunities in the fast growing Training market.

Annual Performance for FY 2006-07
Announcing the audited financial results for the year, Mr. N. R. Panicker, Chairman of Accel Transmatic said, “In FY 07, the company undertook new initiatives that has created a robust foundation for the company to grow from strength to strength in the coming years. The year has also 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 could be maintained in the next few years, 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 will 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 South India Fables, our Thirukural based animated serials, 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 in the process of setting up India’s first Motion Capture Studio in KINFRA Film & Video Park, Thiruvananthapuram. We are confident that our multi-pronged strategy of working on IP based and Service based models in 3D Animation, VFX and Gaming will enable us to become a leading player in the Animation Industry.”

Consolidated performance summary (audited) for year ended March 31, 2007.
Parameters Rupees in Lacs (except percentages)
31-Mar-07 31-Mar-06 31-Mar-07 31-Mar-06
(Q-IV: 2006-07) (Q-IV: 2005-06) (Annual: 2006-07) (Annual: 2005-08)
Revenues 1754.23 987.67 4210.44 3010.09
Cost of Revenues 336.3 329.25 926.48 845.59
Gross Profit 1417.93 658.42 3283.96 2164.5
Gross Profit % 80.83 66.66 78.00 71.91
Staff Costs 323.01 241.33 989.14 792.43
Operating Expenses 818.48 302.49 1535.81 900.69
Earnings before interest and depreciation (EBITDA) 276.44 114.6 759.01 471.38
EBITDA % 15.76  13.95 18.25 16.33
Interest including finance charges 42.68 30.86 131.93 138.87
Depreciation 41.09 48.07 139.62 135.36
Operating profit / (Loss) 192.67 35.67 487.46 197.15
Operating profit / (Loss) % 10.98 3.61 11.58 6.55
Other Income 11.9 10.01 17.04 23.68
Profit Before tax 204.57 45.68 504.5 220.83
Provision for taxation 64.39 (3.98) 85.85 15.2
Net Profit after tax 140.18 49.66 418.65 205.63
Net Profit after tax% 7.99 5.03 9.94 6.83
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.

The company  operates through three business divisions namely Transmatic Systems, Ushus Technologies and Accel Animation Studios.

Transmatic Systems Division is engaged in the design and manufacturing of Automated Payment Collection Systems, Q-Management Systems and Multi-Function Kiosks. Its products are being used by leading utility companies and Banks. Recently the ticket-vending kiosk developed by Transmatic Systems has been selected by CRIS (Indian Railways) for implementing smart card based ticket vending systems.

Ushus Technologies Division is engaged in Outsourced Software Product Development Services in Imaging, Multimedia, Networking and Embedded Systems.

Accel Animation Studios, a new division created by the company to address the fast growing market segment of 3D Animation, VFX and Gaming, has it’s studio in Chennai and is in the process of setting up India’s first Motion Capture Studio at the Kinfra Film and Video Park in Thiruvananthapuram.

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. The company has a wholly owned subsidiary Accel Academy Limited, engaged in Career Development Programs in Networking, Embedded Systems and Animation Technologies.

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
20:20 MEDIA
Ph: 9884480115
email: twinkle@2020india.com
Safe Harbor:
Investors are cautioned that the above document may contain forward-looking statements that involve risks and uncertainties. ATL undertakes no obligation, to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Actual results, performances, or achievements could differ from those expressed or implied in such forward-looking statements.

 

"Accel Animation Studios' global foray with "Ek Tha Jungle" Worldwide distribution agreement signed with Monster Distributes of Ireland.
Disney Channel acquires Accel Animation's 'Ek Tha Jungle'
Accel Academy offers specialised courses from Karnataka State Open University.
Accel Animation Studios in strategic alliance with Hollywood based global distributor Long Tale to develop, co-produce and distribute animated movies.
Accel Limited
Accel Frontline Limited
Accel Systems Group Inc.
Accel Academy Limited