Accel Transmatic Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger

Scripscan:Accel Transmatic Ltd
cmp:12
Code:517494

Story:Accel Transmatic Limited provides offshore services in product development, embedded systems, and application software development in India. Its Technologies division provides software development services for various engineering applications, such as embedded and real time systems, multimedia communications, networking, image processing, process and factory automation, and migration and re-engineering. The company’s Systems division designs, manufactures, and markets payment collection terminals, point of sale systems, multi function kiosks, automated payment collection machines, and power control systems to the banks and utilities industries. This division also undertakes contract manufacturing and assembling of electronic products for OEM’s. Its Training division operates as a training institution that offers training in computer system maintenance, computer networks, system administration, embedded systems, and VLSI design technology. In addition, the company operates 3D animation/VFX studios, which specializes in 3D animation content development and visual effects. It also operates in the United States, Japan, Europe, the Middle East, and Africa. The company was formerly known as Transmatic Systems Ltd and changed its name to Accel Transmatic Limited in January 2004 as a result of its merger with Ushus Technologies Pvt Ltd.I interacted with the management last on september 2010 where they guided me,"This FY11 we are not expecting much of a revenue maybe USD 3 million or about Rs 14-15 crore of revenue will only come from our animation business.Animation is one of the divisions of Accel Transmatics. We have another division called Ushus Technologies which is an embedded software unit. Next year fy12-13, we will see our revenue going to USD 5-6 million, now that we have a predictable revenue stream, which we can see for the next three years".They surpassed their guidance in fy11 and seems to be well on course to achieve fy12 guidance.The company is also expected to return on black in the present fiscal.So at 12 one has little to loose.Hold on to the counter.