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 Hindustan Transmission Products Ltd.

YEAR EVENTS 1934 - The Comp. was Incorporated on 20th September, at Mumbai.

- The Company object is to manufacture of enamelled copper wires, wire enamels, insulating varnishes, synthetic resins & emulsions, wooden spools, wire drawing & enamelling machinery & non-ferrous metal extrusion products.

- 17,498 shares issued without cash.

1960 - The National Investment Trust, Ltd., was amalgamated with the Comp. according to a scheme sanctioned by High Court.

1961 - On merger of National Investment Trust, Ltd., 2,771 `A' & 220 `B' equity shares held by Trust cancelled. 7,000 2nd pref. & 7,200 `A' equity shares issued to merger of Trust.

1963 - The Company subsidiary, Hindustan Transmission Products Ltd., was amalgamated with the Company.

- `B' equity converted into `A' equity [prop. 5:1s] 1,195 `B' equity remained to be presented for conversion.

1964 - 2,943 i pref. & 4,903 II pref. shares redeemed during the year. 959 i pref. & 670 II pref. shares redeemed in 1965.

1966 - 4,762 i pref. & 895 II pref. shares redeemed 20,187 Bonus equity shares issued in the prop. 4:5.

1967 - 4,163 - 5.2% pref. & 370-7.8% pref. shares redeemed in 1967, 1968 & 1969.

1970 - In March 1971, 45,708 bonus equity shares issued in prop. 1:1. 50 - 5.2% pref. shares redeemed. 1971 - Equity shares of Rs.100 each divided into shares of Rs.10 each 329 - 5.2% pref. shares redeemed.

1978 - The name of Comp. was changed from Madhusudan Mills Ltd., to Madhusudan, limited in 1958 & again to Hindustan Transmission Products Ltd., with effect from 17th August.

1981 - Pref. shares redeemed. 70,32,090 No. of equity shares issued at par as rights in prop. 1:13 to shareholders as on 6.7.1981.

1985 - Production further declined & the margins remained under pressure due to escalation in the cost of inputs.

1986 - Production declined due to erratic raw material supply. Margins were under pressure due to the escalation in various input costs & the impact of Modavat scheme under excise, on winding wire industry.

1989 - The Comp. proposed to set up an additional unit at Waluj, Dist. Aurangabad.

- Madhusudan Overseas Ltd., became a subsidiary of Comp. under Section 212 of Companies Act 1956.

1991 - During April/May, the Comp. issued 19,74,200 No. of equity shares of Rs.10 each at par on rights basis in the prop. 2:1 [all were taken ups].

- Another 98,710 shares were issued at par to the employees of the Comp. on an equitable basis. Only 90,300 shares were taken up. The balance 8,410 shares were allowed to lapse.

1993 - At the Waluj unit, a number of steps were taken to improve capacity utilisation as well as to reduce power consumption. It was proposed to procure a number of machines in increase production capacity. The deadlock arisen out of lock-out at Mumbai Chandivali unit, declared on 23rd January, continued as the matter was subjudice.

- 20,64,500 shares allotted on rights basis.

1994 - Production amounted to 3134 tonnes only due to timely non-availability of raw materials as Acc. of liquidity crunch & adverse market conditions. Lock-out at the Mumbai-Chandivali unit & at the Waluj unit continued.