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Showing posts with label Everonn. Show all posts
Showing posts with label Everonn. Show all posts

Sunday, August 22, 2010

Annual Report - Everonn Education - 2009-2010


EVERONN EDUCATION LIMITED

ANNUAL REPORT 2009-2010

DIRECTORS' REPORT

Your Directors have pleasure in presenting the Tenth Annual Report together
with the Audited Accounts of the Company for the year ended 31st March
2010.

Sunday, July 25, 2010

Nikhil Gandhi enters education space with Everonn buy


Nikhil Gandhi-controlled SKIL Infrastructure, promoter of Pipavav Shipyard, entered into an agreement to acquire 40 lakh convertible debentures, which when converted, will represent 20.28% stake in Everonn Education. SKIL also made an open offer to acquire an additional 20% stake in Everonn Education at Rs 536.16 a share. SKIL will acquire 3.9 lakh shares in the Chennai-based education services provider, at Rs536.16 a piece, aggregating to over Rs2.11bn, Everonn Education said in a public announcement. The public offer will open on September 9 and closes on September 28. But, the open offer may not succeed as it is made at a discount to the current market prices. SKIL will buy a combination of OCDs and equity shares from the open offer in such a manner that its holding in Everonn stays at 21%. Everonn’s promoter and managing director P. Kishore will hold a 22% stake in the company, post the open offer, against his current stake of 26%.

Sunday, October 11, 2009

Annual Report - Everonn Systems India - 2008-2009


EVERONN SYSTEMS INDIA LIMITED

ANNUAL REPORT 2008-2009

DIRECTOR'S REPORT

Your Directors have pleasure in presenting the Ninth Annual Report together
with the Audited Accounts of the Company for the year ended 31st March
2009.

I. FINANCIAL RESULTS
Rs. Lakhs

Financial Results
Particulars for the year as at
31-Mar-09 31-Mar-08

Total Revenue 12137.94 9123.21
Operating Profit 5720.62 3478.92
Depreciation 1532.44 972.75
Interest 518.18 332.04
Profit/(Loss) before tax 3670.00 2174.13
Provision for Taxation 1285.78 795.56
Profit after Tax 2384.22 1378.57
Add: Profit brought
forward from
previous year 2331.46 952.89
Profit available for
appropriations 4715.68 2331.46
Balance Carried to
Balance sheet 4715.68 2331.46

II. Operating Results and Business Overview

The company's performance in the year 2008-09, continued its strong
momentum and showed a healthy growth. The company earned as total revenue
of Rs.12137.94 lakhs in the year 2008-09 as against Rs.9123.21 lakhs in the
year 2007-08. The revenue growth has been 33% over the previous year. The
operating profit for the year 2008-09 was Rs.5720.62 lakhs as against
Rs.3478.92 lakhs for the year 2007-08. There is a significant increase of
64% in the operating profit as compared to the last fiscal. Net Profit has
grown from Rs.1378.57 lakhs to Rs.2384.22 lakhs, a growth over 73% over the
previous year.

ICT

Everonn's initiative for facilitating Computer Education in Govt. Schools,
Computer Literacy, Computer aided learning etc has expanded its footprint
to 3 more states in FY08-09 -Himachal Pradesh, Maharashtra and Tripura.

Our strong visibility and the guarantee of a steady stream of revenue,
continues to propel Everonn's growth in this division.

The company is currently operating in 4442 schools as compared to 3164
schools in the year 2007-08 and the presence has increased to 12 states.
The revenues from ICT division are Rs. 4712 lakhs for the year 2008-09.

VITELS

Everonn's growth in its VITELS [Virtual and Technology Enabled Learning
Solutions] division, is reflected by the phenomenal increase in the number
of Everonn Learning Centers - 557 Schools, 800 Colleges and 35 retail
centers as against 180 Schools, 230 colleges and 29 retail centers
respectively last year. In tune with the growth, the company has made
substantial investments in terms of-technology and delivery model.

The revenue from Vitels has grown up from Rs.3754.2 Lakhs in 2007-08 to
Rs.7425 lakhs in 2008-09.

With this division growing further in the past year, we have successfully
established ourselves as one of the leading providers of technology for
virtual classrooms.

Tuesday, July 17, 2007

Grey Market Premiums - Omnitech, Zylog, Central Bank, HDIL, Omaxe


Allied Digital 190 135 to 140

Everonn Systems 125 to 140 390 to 400

Alpa Labs. 62 to 68 No premium - trading at discount

Simplex Projects 170 to 185 155 to 160

Spice Communication 46 9.50 to 10

Surychakra Power 20 2 to 3

HDIL 500 31 to 32

Celestial Labs 60 11 to 12

Omaxe Ltd. 265 to 310 55 to 60

Omnitech Info 90 to 105 160 to 165

Zylog System Ltd. 330 to 350 200 to 210

Central Bank 85 to 102 15 to 20

Saturday, July 14, 2007

Everonn IPO Subscription Details


Qualified Institutional Buyers (QIBs) - 92.9454 times
Non Institutional Investors - 277.8083 times
Retail Individual Investors (RIIs) - 123.8025 times

OVERALL - 131.47 times

You need some freakin luck to get allotment in this...!

Even if you apply for maximum, the chances of you getting allotment would be around 13%

Tuesday, July 10, 2007

Grey Market Premiums - HDIL, Allied Digital, Everonn, Celestial Labs, Spice Communications


HD Infra

500

30 to 35

Allied Digital

170 to 190

135 to 140

Everon Sys.

125 to 140

420 to 430

Celestial Labs

60

8 to 10

Ankit Metal & Power

36

3 to 4

Spice Comm.

46

7 to 8

Surychakra Power

20

2.5 to 3

Alpa Labo

62 to 68

8 to 9

Simplex Projects

170 to 185

125 to 130

Omaxe Ltd.

260 to 310

55 to 60