CORE EI TECHNOLOGIES

INDUSTRY PROFILE

CoreEl Technologies is a hi-tech company with businesses spread across Design Services & Product Development, Distribution and Training. Headquartered in Bangalore, India, CoreEl is a leading provider of VLSI & Embedded System design services and Intellectual Property. Since its inception in 1999, CoreEl Technologies, a privately held corporation, has always strived to deliver quality solutions and support in all the business areas that it serves. These services include turn-key FPGA designs, turn-key systems design, high speed PCB design and manufacturing. These services are offered to a broad customer base comprising Defense, Networking, Semiconductors and Industrial mark.

Defense & Aerospace

CoreEl has been serving Indian Defense Research establishments for over 10 years now and has built a reputation as a dependable and trusted partner. Defense & Space designs are required to be highly rugged and reliable with stringent quality norms and certifications. Extensive field testing is required to be undertaken before the products are deployed for use by the Defense Services. Quite naturally, it is a matter of pride for CoreEl to be considered a preferred industry outsourcing partner for Indian Defense.

Telecom & Networking

Telecommunications and Networking industry is one of the fastest growing in the world. The emergence of Internet technology and hence the rapid growth in this industry has driven the technology providers to come out with innovative solutions and products which aid secure, stable, efficient and reliable information systems.

CoreEl has rich experience in Telecom and Networking domain. As part of its value added services, CoreEl developed and delivered several IPs on FPGAs in Telecom and Networking space to clients worldwide.

Broadcast and Professional Video

The rapidly evolving Digital lifestyle of consumers today is ushering in new technologies and challenging existing providers to extend their boundaries.

As broadcasters around the world convert to digital high-definition formats, the transition from MPEG-2 to H.264 is making headway. The broadcast and professional video industry is driven by high quality video solutions deployed across the Broadcasting Studio, Professional Head-ends and Digital Cinema environments among several others.

Semiconductor

CoreEl offers a combination of products and services to the Semiconductor ASSP companies and Semiconductor Test Equipment companies. These services include the following.

· RTL Development & Verification

· IP Integration, Verification and Validation

· ASIC/SOC Validation

· Reference Design Hardware& Software

Company profile

CoreEl Technologies is a technology company with businesses spread across Design Services & Product Development, Distribution and Training. Head Quartered in Bangalore, India, CoreEl is a leading provider of VLSI & Embedded System design services and Intellectual Property. Since its inception in 1999, CoreEl Technologies a privately held corporation has always strived to deliver quality solutions & support in all the business areas that it serves.

As a result of its continuous investment in R&D, CoreEl has produced few world class Intellectual Property products focusing on the Broadcast and Professional Video market segment. We serve the Digital Video space with a **host of high powered IPs for H.264 and MPEG2 decoding. Available for use in FPGAs and ASICs, these solutions cover both Main Profile and High Profile standards with various chroma formats, frame rates and bit rates. Robustness, high performance and low latencies are some of the key differentiators of our solution. CoreEl Technologies (I) Pvt. Ltd. is a technology company that offers VLSI & Embedded Systems Design Services. Headquartered in Bangalore, India CoreEl Technologies is also a supplier of Intellectual Property cores in the Digital Video technology space. The company's list of specialized IP Cores includes the H.264 and MPEG-2 Decoders.

1999
CG-CoreEl Programmable Solutions was incorporated in 1999 as an engineering design services provider. The company has successfully developed several IP Cores for the Telecom and Networking market.

2001

Sandeepani, the authorized VLSI Design School of CoreEl Technologies was started in 2001. It was established in association with Mentor Graphics Inc, USA and Xilinx. The institute provides training on FPGA Design, VHDL / Verilog language coding, Verification methodologies, ASIC Design, EDA Tools and Domain Specific Training.

2007

In 2007 CoreEl commenced Hardware Manufacturing services. The company also forayed into the Digital Video Space with its high quality H.264 Video Decoder IP.

2008

In 2008 the company was rebranded as CoreEl Technologies with a focus to provide end to end FPGA Design Services to its customers across various industries.

2009

CoreEl announces tie up with D-TA Systems Inc.
November 1, 2009
CoreEl Technologies launches AVC Intra decoder IP Core solution at IBC 2009

September 14, 2009
CoreEl named Virage Logic sales representative June 30, 2009

CoreEl Technologies creates Broadcast & Professional Video Grade H.264 High Profile decoder solution
April 20, 2009

They have alliances with some of the leading technological companies like Mentor Graphics, Xilinx, Domo Limited, DTA Systems Inc., CoWare and Carbon Design Systems and are the authorized distributor for their products In India. They are the manufacturer’s representative of Xilinx in India. Corel’s distribution services cater to EDA Solutions, Semiconductor Solutions, Security and Surveillance Solutions and CoreEL’s University program.

Address :	21, 7th Main, 1st Block, Koramangala
Level of Office :	Head Office
Phone No :	(80) 41970400
Website :	www.coreel.com
Industry :	Information Technology (IT)
Sub Industry :	IT- Embedded/ EDA/ VLSI
City :	Bengaluru / Bangalore
State :	Karnataka
Pin :	560034
Company Type :	Industry Best
Total Turnover :	10-100 Crs
No. of Employees :	251-500
Sector :	Private Sector

NATURE OF BUSINESS CARRIED

CoreEl Technologies (I) Pvt. Ltd., a technology company, provides design, product development, distribution, and training services. It offers FPGA design, systems design, high speed PCB design and manufacturing, RTL development and verification, architecture, distribution, requirements capture, and feasibility analysis services. The company serves defense, telecom and networking, control and automation, broadcast and professional video, semiconductors, and industrial market segments. CoreEl Technologies (I) Pvt. Ltd. was founded in 1999 and is based in Bengaluru, India with sales and marketing offices in Hyderabad, Delhi, Kolkata, Pune, and Panipat, India. As of July 21, 2010, CoreEl Technologies

VISION, MISSION AND QUALITY POLICY

VISION

"To be a niche player and a dependable partner to our clients, offering end to end solutions through a blend of products, training and value added services and keep all stakeholders satisfied while maintaining ethics and being sensitive to environment and community”

MISSION

We like to keep customer requirements/benefits in mind while introducing new products and path breaking technological IPs. A customer centric approach at the workplace ensures that all touch points for the CoreEl Brand create a unified experience for the customer.

QUALITY POLICY

We achieve above mentioned policy through partnerships with customers, suppliers and stakeholders, using leading systems, technologies and processes and by fully engaging our employees in a culture of continual improvement.

Customers can provide regular feedback through emails to us and we also conduct regular customer satisfaction survey during product development or project executive.

PRODUCT PROFILE

Broadcasting & Digital Video

CoreEl has compositely built a strong portfolio of products for the broadcasting and digital video market staying a ahead of competition. All of our Video IP’s have been designed to offer the best possible video quality in a cost effective manner. The IP’s have been designed to cater to markets that require higher or lower bit rates accordingly for specific applications and present a compelling value proposition to customers.

Semiconductors

Recognizing the need for ASIC prototyping, CoreEl has developed a host of multiple FPGA platforms and IPs for rapid prototyping of ASICs. These products accelerate pre-silicon verification and validation of multi million gate ASICs

Defense & Aerospace

CoreEl has developed several reusable IP blocks that are used in Signal processing applications and single and multi FPGA & processor based Hardware for use in Defense Application

AREA OF OPERATION

The CoreEl technology is a technology company has sales & marketing offices throughout the world:

In India, Bangalore, Hyderabad, Delhi, Kolkata, Pune, Panipat and International sales office & Representatives offices are US, UK and Canada Company has Headquartered in Bangalore they have 500 employees

OWNERSHIP PATTERN

It is owned and managed by Board of Directors and spread globally.

COMPETITORS INFORMATION

vanglez

Chand

xcino

saigun

smp

Inizer

Rapid

Skyinfo

Dataquest

INFRASTRUCTURAL FACILITIES

CoreEl Technologies, headquartered in Bangalore, India, is a Design Services Company focused on FPGA, Embedded hardware, Firmware and PCB design services. The company operates through its network of offices and representatives around the world. Corel’s customers include tier 1 and 2 product manufacturing companies and are distributed across U.S., Europe, Japan and Asia.

ACHIEVEMEMENT / REWARD

Design & Reuse Global

CoreEl Technologies Creates Broadcast & Professional Video Grade H.264 High Profile Decoder Solution

April 20, 2009

EDN

CoreEl Technologies H.264 Decoder IP Solution at NAB SHOW

April 22, 2009

Silicon India

Corel’s new H.264 decoder solution targets broadcast market

April 21, 2009

Smart Techie

Corel’s new H.264 decoder solution targets broadcast market

April 20, 2009

Design & Reuse, Europe

CoreEl Technologies Creates Broadcast & Professional Video Grade H.264 High Profile Decoder Solution

April 20, 2009

Topix

CoreEl Announces H.264 High Profile Decoder IP solution on Xilinx Virtex FPGAs

April 20, 2009

EETimes India

CoreEl has announced the H.264 high profile decoder IP solution targeted for professional decoder/ broadcast market.

April 22, 2009

FUTURE GROWTH AND PROSPECTUS

CoreEl has built its business on the foundation of partnership. We believe that in today’s rapidly changing technology environment, partnerships are key to our future growth and success. These partnerships cover wide spectrum of technology and product segments like EDA, Semiconductors, Security & Surveillance and custom off the shelf hardware. Our goal is to provide our customers state of the art products and solutions and enable our customers to build their products & solutions by providing extensive support, training and consultant.

ANALYSIS OF FINANCIAL STATEMENT

PROFIT AND LOSS ACCOUNT OF CoreEl (Rs in Cr)

For the year ending Mar 06 to 09

	Mar ' 09	Mar ' 08	Mar ' 07	Mar ' 06
Income
Operating income	55.71	32.10	10.75	0.02
Expenses
Material consumed	-	-	-	-
Manufacturing expenses	0.04	0.01	-	-
Personnel expenses	1.24	1.43	1.37	-
Selling expenses	0.54	3.69	-	-
Administrative expenses	2.08	1.52	0.84	0.26
Expenses capitalized	-	-	-	-
Cost of sales	3.90	6.65	2.22	0.26
Operating profit	51.81	25.44	8.53	-0.24
Other recurring income	16.53	3.48	0.23	-
Adjusted PBDIT	68.34	28.92	8.76	-
Financial expenses	7.32	4.46	0.20	-
Depreciation	-	-	-	-
Other write offs	-	-	-	-
Adjusted PBT	61.02	24.46	8.56	-0.24
Tax charges	15.70	7.28	2.81	-0.05
Adjusted PAT	45.32	17.18	5.75	-0.19
Non recurring items	-	-	-4.26	-
Other non cash adjustments	-	0.11	-0.54	-
Reported net profit	45.32	17.29	0.95	-0.19
Earnings before appropriation	46.97	17.86	0.76	-0.19
Equity dividend	11.36	11.36	-	-
Preference dividend	-	-	-	-
Dividend tax	0.51	-	-	-
Retained earnings	35.10	6.50	0.76	-0.19

ANALYSIS OF FINANCIAL STATEMENT

Profit and loss A/c and Balance sheet are the two key financial tools for the measuring of the any company performance and its development in the financial years.

PROFIT AND LOSS ACCOUNT

CoreEl companies from the year 2006 to 2009 P&L A/c shows the growth and performance of the company’s. In the year 2006 operating income is 0.02 cr. and in 2009 its 55.71 cr. So in 3 years their operating income is increased 55.69cr.In the year 2006 it’s operating profit in -0.24cr. Therefore in 2009 it is 51.81cr. Its shows that the company profit increased. Without expenses high profit will not occurs so expenses also increased they in the year 2006 is totally nill (exempt ad. Ex) but in 2009 its total expenses are 3.9cr. At the last, we can say that the company growth and development is positive sign in the competitive area. Company P&L shows company may not face loss any of the financial year.

BALANCE SHEET

Every company is growth and development barometer is equity shares. CoreEl equity shares in the year 2006 are 5.62 cr. and in 2009 is 14.20cr. It shows that equity also arise there numbers in the equity market. One of the best and positive sign of this balance sheet is no any loans and responsibility to pay interest any lenders. A better sign is that they maintained huge and healthy reserve and surplus for the company future security and development and investment in new projects.

BALANCE SHEET OF CoreEl

For the Year ending Mar 06 to 09 (Cr.)

			Mar ' 09	Mar ' 08	Mar ' 07	Mar ' 06
Sources of funds
Owner's fund
Equity share capital			14.20	14.20	12.71	5.62
Share application money			0.10	-	-	-
Preference share capital			-	-	-	-
Reserves & surplus			419.16	385.72	146.96	-0.19
Loan funds
Secured loans			-	-	-	-
Unsecured loans			-	-	-	-
Total			433.47	399.92	159.67	5.43
Uses of funds
Fixed assets
Gross block			0.01	0.01	-	-
Less : revaluation reserve			-	-	-	-
Less : accumulated depreciation			-	-	-	-
Net block			-	0.01	-	-
Capital work-in-progress			-	-	-	-
Investments			31.35	135.40	47.55	1.95
Net current assets
Current assets, loans & advances			440.63	286.74	115.75	3.53
Less : current liabilities & provisions			38.60	22.22	3.64	0.05
Total net current assets			402.03	264.52	112.12	3.48
Miscellaneous expenses not written			0.08	-	-	-
Total			433.47	399.92	159.67	5.43

Note:

Book value of unquoted investments	30.72	132.25	44.40	1.95
Market value of quoted investments	0.74	2.07	-	-
Contingent liabilities	4.70	4.70	71.20	-
No. of equity shares outstanding (Lacks)	1420.20	284.04	254.21	112.40