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 Lakhani India Ltd.

Lakhani India limited [LILs] was onginally incorporated as Lakbros Shoe Co. Pvt. limited on December 28,1981. Lakbros was converted into a deemed public Comp. under section 43A[Is] w.e.f. 14th July, 1989 by deleting the restriction clause u/s 3 [is][iiis] of Act & subsequently the name was changed to Lakhani India limited w.e.f. September 12,1994. The shareholders passed a special resolution on September 16, 1994 for adoption of new set of Articles of Association & as such the Comp. is now a public Comp. within the meaning of Section 3 [is] [ivs] of the Companies Act, 1956.

Lakhani India Ltd., the flagship Comp. of well established 'LAKHANl GROUP', was set up with the main object of manufacturing Leather & Non Leather Shoes. The Comp. is currently manufacturing & marketing only Non Leather Shoes specially sports shoes & Children Shoes. The present installed capacity for manufacture of Non Leather Shoes stands at 30,00,000 pairs perannum & is proposed to be increased to 61,65,000 pairs per annum. The Comp. is also planning to diversify into the manufacture of finished Leather Shoes.

The Comp. is marketing its products underthe well established brand name of 'LAKHANI' for last 12 years. The Comp. has now entered into an agreement dated September 12, 1994 with one of group companies, M/s Lakhani Rubber Works, for using the brand name 'LAKHANI'. As per the terms of this agreement the Comp. can use this trade mark initially for a period of 10 years on a royalty payment of Rs. 20 Lacs, spread over these 10 years. This agreement is valid upto September 11, 2004 & can be renewed further on mutually agreed tenns & conditions.

Lakhani Group is amongst the largest footwear manufacturers of India with a production of 1,75,000 pairs of footwear per day.

Over a period of time Lakhani has developed a network of 268 distributors & 12000 dealers appointed by them & spread all over India.

The group is also the original equipment supplier of Rubber Components to automobile manufacturers like Mamti, Telco, Escorts & Sona Steering. The turnover of Comp. has increased from Rs. 1306 lac in the year 1989-90 to Rs.2875 lacs in the year 1993-94. Lakhani India limited now plans to increase its market share by aggressive marketing strategies & diversification into hgh potential area of manufacturing & marketing leather shoes. The Comp. is also setting up facilities for manufacture of sports shoes as per the specifications of 'Reebok', who have also shown interest in sourcing a total of 37 lac pairs of shoes from Lakhani over a period of next three years.

2003

-Board of Directors approve for delisting of its shares from 3 stock exchanges [ Ahmedabad, Kolkota, Bangalore stock exchangess].

2004

-Lakhani India Ltd has informed that the equity shares of Comp. have been delisted from the Ahmedabad Stock Exchange w.e.f. March 8, 2004.