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 Apar Industries Ltd.

YEAR EVENTS 1989 - The Comp. was incorporated on 28th September, & obtained certificate of commencement of business on 7th November. The Comp. was promoted by Apar Limited & GIIC.

- The Comp. undertook to set up manufacture of Acrylonitrile Butadiene Rubber [NBRs] & latexes with a capacity of 5,000 TPA & installed capacity of 6,250 TPA.

- The equipment to be imported include acrylonitrile analysis tester, expeller, bale wrapper, mass flow meters etc. while others were to be procured indigenously. NBR is a special purpose oil resistant synthetic rubber used in rice de-husking rolls, moulded & extruded goods, oil hoses & beltings. Latexes are used for paper making & manufacturing non-woven fabrics, artifical leather making etc.

- The Comp. entered into technical collaboration agreement with M/s. Goodyear Tire and Rubber Co., U.S.A. for transfer of process know-how, technology & basic engineering, training of personnel, assistance in commissioning & start up of plant.

- M/s. Dalal Consultants and Engineers limited were appointed as engineering consultants for designing of equipments as per basic engineering provided by Goodyear as also procurement, inspection, supervision, construction, erection & commissioning etc.

1990 - The Comp. entered into a Memorandum of Understanding dated 20th December, with M/s. APAR for technical assistance, for making available its R&D facilities & assist in marketing its products. It would also enable its marketing division and associate officer to market the products in addition to making available its warehousing, godowns & sales office facilities etc.

- In consideration of these services, APAR would be receiving remuneration on the basis of net ex-factory value of product at such rate or rates as may be mutually agreed to, not exceeding in the aggregate for different nature of services, 5.25% of the net ex-factory value.

- 1,001 No. of equity shares of Rs.10 each subscribed for by the signatories to the Memorandum of Association. 141,58,999 No. of equity shares of Rs. 10 each were issued for cash at par of which the following were reserved for allotment on a firm basis:

- [is] 60,69,219 shares to promoters, directors, etc. & M/s. Apar limited &

- [iis] 15,59,780 shares to GIIC.

- Of the remaining 65,30,000 shares, the following were reserved for allotment on a preferential basis:

- [is] 12,90,000 shares to Asian Development Bank, the ICICI & the UTI [all were taken ups] &

- [iis] 7,08,000 shares to employees [including Indian working directorss] workers of Comp. & also those of promoter companies [all were taken ups].

- The balance 45,32,000 No. of equity shares were offered for public subscription during Jan. 1991. Additional 21,20,000 shares were allotted to retain oversubscription [11,40,500 shares to promtoers, Apar Ltd., GIIC, 1,06,200 shares to employees and 8,73,300 shares to public.

1991 - The Comp. proposed to expand the manufacturing capacity from 6250 MT to 10,000 MT per annum.

- The Comp. proposed to issue 40,70,000 secured partly convertible debentures of Rs. 50 each @ 17% on right basis to the shareholders at the ratio of 1 debenture: 4 equity shares held.

- Another 2,04,000 partly convertible debentures were to be offered to the employees @ 17%.

- Part `A' of cash of Rs. 20 was to be converted into one equity share of Rs. 10 each at a premium of Rs. 10 on the date of allotment. Part `B' of each debenture of Rs. 30 was to be redeemed at par in 3 equal instalments on the expiry of 7th, 8th & 9th years respectively from the date of allotment.

1993 - During the year, the Comp. received a package of reliefs and concessions from financial institutions to help the Company reduce the interest burden, increase plant utilisation and improve profitability.

- The Comp. awaited approval for proposed rights issue to repay the term loans & reduce interest burden & to strengthen the business operation of Company.

2002-Apar Industries Ltd has informed that, IDBI has nominated Shri V.D.Shinde, Dy. General Manager, IDBI as Nominee Director on the Board of Comp. in pursuance of their loan agreement with the company.

2003

Members Approve to delist their shares from 2 Stock Exchanges

2007

The Comp. has appointed Mr. Sanjaya R. Kunder as new Comp. Secretary under the provisions of Section 383A of Companies Act,1956 w.e.f. 18th June, 2007 & he will act as Compliance Officer of Comp. in terms of Clause 47[as] of Listing Agreement entered into by Comp. with the Stock Exchange.

-The Comp. has issued Bonus Shares in the Ratio of 1:3.