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 Dharani Sugars and Chemicals Ltd.

YEAR EVENTS 1987 - The Comp. was incorporated on 4th June, in the State of Tamil Nadu & the Certificate of Commencement of Business was obtained on 24th August. It was promoted by Dr. Palani G. Periasamy, a U.S. based non-resident Indian, R. Natarajan, Dr. C. K. Dheenan.

- The Comp. has set up a plant with a capacity to crush 2500 tonnes p.a. at Naranapuran Village, Sivagi Taluk, Nellai Kattabomman District, Tamil Nadu. One more plant with a cane crushing capacity of 1250 TCD is situated at Orissa apart from a 30 KLPD distillery at Dharani Nagar.

1991 - In February the Comp. was invited by Government of Orissa to revive & run the 1250 TCD Nayagarh plant under management contract for 12 years.

1992 - The Comp. is planning to expand the crushing capacity at Unit II in Nayagarh from 1250 TCD to 1700 TCD by balancing of equipments.

1993 - The Comp. has initiated steps to set up a 30 KLD distillery plant at Dharani Nagar in Tamil Nadu consequent to the decontrol of molasses.

1994 - The performance of Comp. suffered a set-back as the availability of cane in the command area of both the units steeply declined due to the drought for second consecutive year in Tamilnadu & diversion of cane to jaggery making at Nayagarh in Orissa due to high price of jaggery.

- The Comp. have also installed the most modern & efficient Effluent Treatment Plant which has been commissioned.

- The Comp. has received a Letter of Intent to set up a 2500 TCD Sugar Factory in Polur Taluk of Thiruvannamalai-Sambuvarayar District in Tamilnadu.

- The Comp. proposes to arise additional capital through Rights/Public Issue of shares & other instruments for its proposed projects.

- High pressure boilers with centralised Microprocessor Control System & various other equipments have been installed for conservation of energy.

- 909 equity shares subscribed for signatories to Memorandum & Articles of Association. 84,50,000 equity shares of Rs 10 each were issued in December 1988 of which 33,70,000 shares and 13,80,000 shares were reserved for allotment on a firm basis to NRIs & Indian resident directors, their friends etc. respectively.

- Of the balance 4,22,500 shares were reserved for allotment on a preferential basis to employees [only 12,000 shares taken ups]. Remaining 32,77,500 shares along with 4,10,500 shares not taken up by employees were issued to the public. Additional 5,48,900 shares were allotted to retain oversubscription. 1995 - The 2500 TCD modern Sugar plant with a 15 MW Multifuel Co-generation facility is being set up on warfooting.

1996 - The polur plant was commissioned in July.

- The Comp. offered 179,99,618 Rights equity shares of Rs 10 each for cash at a premium of Rs 9 per share in proportion 2:1 [163,90,037 shares taken up till dates], 16,09,581 shares remained unissued.

- In terms of crushing capacity, the Comp. is ranked among the top few such Companies in the State of Tamil Nadu.

1997 - Total quantity of cane crushed further declined to 81 thousand tonnes. Crushing was affected badly due to severe drough in and around Tiruneivili District.

- The Comp. planed to expand the capacity of Polur Unit from 2500 to 5000 TCD.

- The Comp. has got the letter of intent for setting up a sugar plant at Sankarapuram in Villupuram Ramasamy Padaychiar district in Tamil Nadu.

- A freak accident occurred at the Mumbai port which has upsetted the performance of Dharani Sugars & Chemicals for year 1996-97.

- The Polur plant was temporarily closed as the cane arrears problem peaked.

- The Comp. has got the letter of intent for setting up a sugar plant at Sankarapuram in Villupuram Ramasamy Padaychiar district in Tamil Nadu.

1998 - Dharani Sugars commissioned its 2,500 tcd factory at Polur in Tiruvannamalai Sembuvarayar district.

1999 - NRI Promoters of Rs 125-crore Dharani Sugars And Chemicals Ltd has proposed to increase their equity holding in the company by acquiring shares through secondary market.

- Dharani Sugars has two plants in Tamil Nadu with a total crushing capacity of 5000 tonnes per day. Last year, the company terminated its management contract for Nayagarh plant with the Orissa government.

2000 - No news.

2007

-Dharani Sugars and Chemicals Ltd has informed that Mr. M Ramalingam, Executive Director has been promoted as Managing Director [MDs] with effect from April 01, 2007. The appointment is subject to approval from the Shareholders in the next Annual General Meeting.