I just read this e-book, simply because, according to my friend this book is written by some of the ingenious individuals who foresaw and also profited even from the financial collapse. - Sunita
I heard people are using this e-book as a Self-help guide to investing. I recently finished studying it, and never have experimented with any of the strategies; however they all appear to make sense. - Rajiv
A fantastic guide overall. Quite different from almost all other value investing publications because it concentrates on finding unique scenarios that are best to invest in. - Alexis
This particular e-book really opened up my eyes to some fresh opportunities and possibilities that while investing I should be looking for. Once you have read this traditional value investing book you will learn a lot. - Kavita
I really like the writer of this book. It is simple, properly explained, amusing, relevant, and incredibly well planned. This particular e-book is really a holy bible for dealing with unique circumstances in the market. - Saurabh

History of Albright and Wilson Chemicals India Ltd.

YEAR EVENTS 1965 - Albright and Wilson Chemicals India Limited was incorporated on September 25, as Albright, Morarji & Pandit Limited. Subsequently, on June 5, 1997, the Comp. changed its name to Albright and Wilson Chemicals India Limited. The Company ultimate holding Comp. is Albright and Wilson plc, United Kingdom.

- The Comp. is principally engaged in the manufacture & sale of sodium tripoly phosphate & active sulphonates & in the processing of linear alkyl benzene sulphonic acid. The Comp. also provides agency services to Albright and Wilson entities in connection with the sale of their products in India.

- Albright was promoted by Dharamsi Morarji Chemical Company, Albright Wilson Ltd. of U.K. & Mr. S.P. Pandit & his family for Manufacturing Sodium tripolyphosphate [STPPs], a detergent raw material.

- The Comp. has tied up with Saltzgetter of Germany for technology.

1991 - A turbo generator set has been installed at Roha to utilise surplus by product steam from sulphuric acid plant.

- To increase production at lower energy input, bigger furnace for manufacture of SHMP has been commissioned at Roha.

1992 - The Comp. proposes to enter into an 'Agreement for Sale' for purchase of Synthetic Detergent & Active Sulphonate Plant of The Dharamsi Morarji Chemical Co. Ltd. [DMCCs] at Roha which is adjacent to the Company Linear Alkyl Benzene Sulphonic Acid Plant.

1994 - The Comp. made a rights issue of equity capital in the ratio of 1:5 with 5% preferential allotment to employees at a premium of Rs.55 per share.

- The Comp. has entered into collaboration agreement with Albright and Wilson Ltd., L.K. for supply of technology for manufacture of international quality Di-Calciumm Phosphate.

1995 - Mr. B.R. Sule was appointed Chairman of Comp. with effect from 1st October 1994.

- Mr. L.C. Work, Mrs. Sharda Mukerjee & Mr. H.T. Kapadia retire by rotation and, being eligible, offer themselves for re-appointment.

1996 - The Comp. had made a rights issue amounting to Rs.374.14 lakhs during 1993-94 to part-finance a 3,000 TPA Di Calcium Phosphate [DCPs] project. Subsequent to the rights issue the market conditions for DCP has changed adversely.

- By a memorandum of understanding dated 15th March, 1996. The Dharamsi Morarji Chemical Co. limited [DMCCs] have offered to sell their entire shareholding in the company at a price of Rs.130/- per share to Albright and Wilson UK limited [A and Ws] & A and W have accepted the offer, subject to requisite approvals of authorities concerned.

- Mr. W.M. Winstanley & Dr. J.R. Adsetts resigned from the directorship of company & Mr. S.E. Chia & Mr. S.S. Foo were appointed directors in their respective places with effect from 13th February.

- Mr. B.R. Sule & Mr. R.M. Goculdas retire by rotation and, being eligible, offer themselves for re-appointment. Mr. S.E. Chia who was appointed as director in the vacancy caused by the resignation of Mr. W.M. Winstanley, will hold office till the conclusion of thirteenth annual general meeting.

1997 - The name of Comp. was changed to ALBRIGHT and WILSON CHEMICALS INDIA LTD. as approved by shareholders at the extraordinary general meeting held on 10th April, after receiving the approval of Central Government on 5th June, as required under the Companies Act.

- The Dharamsi Morarji Chemical Co. limited to Albright and Wilson. Messrs R.M. Goculdas, J. L. Thakkar & H.T. Kapadia resigned from the directorship of Comp. with effect from 31st October, 1996.

- Messrs L.C. Work & S.S. Foo resigned from the Directorship on 18th July and Mr. G.C.M. Kow was appointed as a director with effect from 4th August, 1997 in the casual vacancy caused by resignation of Mr. L.C. Work.

- Mr S.P. Pandit retires by rotation and, being eligible, offers himself for re-appointment. Resolution for his re-appointment as a director is being proposed at the annual general meeting.

1998 - Mr S.E Chia & Mrs Sharda Mukerjee resigned as Directors with effect from 20th February & 15th July respectively.

- On 30th April, Mr. T. C. Tan was appointed as director in the vacancy caused by the resignation of Mr S E Chia & Mr H K Bilpodiwala was appointed as an additional direction Mr G.C.M. Kow was appointed Chairman from 25th May.

1999 - The Comp. received Certificate of Appreciation from the Government of India as a model contributor to the exchequer.

- Mr. S.M. Datta was appointed as director on 29th August, 1998.

- Mr. S.M. Datta was appointed Chairman from 8th February 1999.

- Mr. Naval Choudhary was appointed as Managing Director of Company.

- The Comp. had installed two electrostatic precipitators at the Roha unit to minimise emission levels. The Roha unit is presently in the 10th year of accident-free operations.

2000 - The Comp. has decided to invest Rs 15 lakh for acquisition of 10,000 No. of equity shares of Rhodia Chemicals India Ltd.

2001

-Mr. S.M.Dutta has stepped down from the Chairmanship of Company

-Mr D. D. Chopra appointed as a Director & Non-Executive Chairman of company, from April 24.