ROCKET STOCK…. EVINIX ACCESSORIES Ltd. At 3.9/-; TARGET 5.5/- & 9/-

ROCKET STOCK…. EVINIX ACCESSORIES Ltd. At 3.9/-; TARGET 5.5/- & 9/-

EVINIX ACCESSORIES Ltd Trading in NSE & BSE at 3.9/-in B Group. (BSE Code- 532818; NSE Code- EVINIX) Target 5.5/- & 9/- for short term. Safe Investment at 3.9/-. Good Dividend yielding. 1/- Face Value stock; Company having owned and managing CUT stores and 61 Global Brands like Adidas, Puma, Kappa, Lifestyle, Wrangler, Lacoste, Purple Wine, Reebok, Lee, Levi’s, Mercedes Benz etc.. and Company having good International prestigious Clients from UK, USA, Erope, Denmark, Canada, Spain, Germany, France, Italy and Holland.
The Board also took note of the “Transfer of Technology and Product License Agreement” entered into with “M/s. Playboy Enterprises International Inc.”, USA.

EVINIXHaving Good value Stores. Equity only 10 Cr. But company having good assets as Owned Stores in Big cities with good 61 Global Brands like Adidas, Puma, Kappa, Lifestyle, Wrangler, Lacoste, Purple Wine, Reebok, Lee, Levi’s, Mercedes Benz etc… as per this total value per stock is nearly 25/- above. Stock Trading at 3.9/- is very cheep Price compare to Value of Stores and Value of Global Brands and Profits. As per this Minimum Stock Price will go to 10/- +++ in future minimum. But I will tell definitely Stock Value is More than 10/-+++++++++. Last Quarter company declared Turnover 41 Cr and Net Profit of 1.5 Cr. Mumbai Bulls and Operators are accumulating at current price. Because Stock is available at very cheep price at 3.9/-; Compare to all stocks good value at present Market situation.

Share Holding Pattern:
Promoters : 29.5%; FII’s 10%; Corporate Bodies : 31%; Public only 24.5% Others 5%
EVINIX having Accessories, Apparel and Rapid Retail constitute the three independent business divisions of Evinix. Partnering with some of the top domestic and international brands, Evinix’s trendsetting business model has helped it cut niche segments in popularity across the global market.
EVINIX Vending to international brands retailers, Evinix today stands apart in the world of fashion as a brand that spells quality, design and innovation across the world. Its value chain extends across the entire spectrum of client requirement – from adapting the buyer request and translating it into samples and eventually, manufacturing and exporting the merchandise, thereby encapsulating the entire value chain from Design to Delivery (D2D).
Accessories : The Accessories on offer at Evinix include an assortment of caps, hats, sport-bags, ladies fashion bags, leather belts, scarves, stoles and shawls.
Evinix caters to the accessories requirements of men, women and children.

The company’s impressive range of quality accessories helps it continually add top brands to its client list.
Some of the new international brands on this division’s client list include American Eagle (US), Cecil (Germany), Next (UK), Fun & Basics (Spain), along with domestic brands like Puma and Gant.

Evinix has been adding new products and new buyers at a very rapid pace in the Fashion Accessories segment, these being manufactured at the company’s two factories in Faridabad with in-house facilities for fabrication, washing and embroidery. The company employs more than 700 people in the manufacturing facilities and also has a management and administrative staff of 150 people.
Apparel : The apparel category constitutes men and women’s shirts, trousers, skirts and tops, kidswear and nightwear. Organic cotton wear for expecting mothers and infants is an additional strength. The company’s fashion apparel range includes dresses, inner wear & T-shirts for kids and tops, T-shirts & skirts and sleepwear for men, women and kids.
Use of Organic cotton and its products through its brand name “Othentix”- Authentic Sustainable Textiles, lends a unique personality to each garment manufactured and supplied by Evinix.
A dedicated division that works on new design concepts, based on international colour and trend forecasts which are woven into Indian fabric, give the company the necessary competitive edge to grow in this fast-paced industry.
The pace of the division’s growth can be measured by the new brands being constantly added to its clientele.The division is supplying knitted fabrics now to El Corte Ingles (Spain), Maternity & Knitwear to George of UK, a trademark of Asda, which in turn is a subsidiary of Walmart.
Littlewoods and Littlewoods Shop Direct (UK) are buying ladies organic wear, including maternity wear, from this division. Evinix is also supplying knitwears (garments and T-shirts etc) to Geox of Italy, children’s and kids’ underwear to The Childrens Place for Kidswear (USA), and organic & non-organic cotton to Joules of Canada.
Rapid Retail: CUT – Store (A Rapid Retail Concept at Evinix)
CUT is a ‘Many Brand Store’ addressing the young audience between 16 and 35 years housing 61 global brands (Adidas, Puma, Kappa, 454, Purple Wine, Reebok, Lee, Levi’s, Mercedes Benz, to name a few). CUT is an acronym for Comfortable, Urban and Trendy. Evinix is setting up CUT stores (averaging 4000-5000 sq feet) in fast urbanizing young Indian towns.
Company-owned and company managed, the CUT stores are brand selective and sell merchandise across the entire range of Apparel, Footwear and Accessories for young men and women
The principle of Rapid Retail suggests that every merchandise has a limited shelf life at CUT stores. The Rapid Retail business concept embraces the e.t.o.a.d concept i.e. the exact time of awaited departure when the product will move out to the next best price bracket.
With this quick-moving, fast yielding concept, Evinix’s new Rapid Retail business is all about selling lifestyle, setting trends. It’s about cutting through the clutter to provide a great shopping experience to the young customers in the age group of 16 to 35.
This company has a great future. Even if we give a conservative P/E of 10 (Industry Avarage PE was 12), It should be trading at Rs. 10+ based on FY 2009-10earnings. So there is a long way to go. Investors with faith in EVINIX management and having patience will definitely earn a lot based on Value of Stores and Global Brands and Profits.

Possitive Points for this stock for Up moving:

1) EVINIX ACCESSORIES Ltd trading at 3.9/- trading in NSE and BSE Company Stocks not participated for recent Rally; Now Its good bet to Buy because of Company Value as per having good Value Stores and Good Global brands and profits. Best Time to Buy at 3.9- with Target of 5.5/- & 9/-
2) Mumbai Bulls and Operators are accumulating at current price. Because Stock is available at very cheep price at 3.9/-; Compare to all stocks good value at present Market situation. Equity 10 Cr. Good Profit making company; company having Good Global Brands and No. of Owned Stores in India. Book Value 7.5/-
3) Company having good Global Brands like Adidas, Puma, Kappa, Lifestyle, Wrangler, Lacoste, Purple Wine, Reebok, Lee, Levi’s, Mercedes Benz etc…
4) Company having Owned Stores in all over India. CUT Stores having good Value.
5) FII’s are interesting to invest because Company having good Value Brands and owned Stores. Equity is very small 10 Cr compare to value of Stores and Brands.
6) Company Projected EPS for 2009-2010 is 1.5/-
7) Recently company “Transfer of Technology and Product License Agreement” entered into with “M/s. Playboy Enterprises International Inc.”, USA.

Enter current price at 3.9/- Short term Target 5.5/- & 9/- Strong Fundamentals.
Happy Investing…