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 Rishabh Industries Ltd.

RISHABH INDUSTRIES LIMITED is a 100% Export Oriented Unit, set up for manufacturing of multi geared MTB, ATB, BMX & specially designed Roadstar Bicycles under the dynamic leadership of Mr. Mahesh Shah [NRIs], Managing Director; Mr.H.K.Shah, Executive Director; Mr. D. Thiruvengadam & Mr. Sanjay Shah both being Whole time Directors.

The Comp. was incorporated on 9th April, 1991 as a Public Limited Comp. & made a public issue in 1992 to partially fund its Project Cost of Rs. 495.00 lacs.

After the Public Issue, the Comp. was granted a 100% EOU status. This necessitated a revision in the Project cost to meet stringent international quality requirements. Hence the Project cost was increased to Rs 767.50 lacs, the shortfall being met by a Term Loan from Bank of Baroda of Rs 272.50 lacs.

The Comp. has already commenced commercial production from November 1994 & has achieved turnover of Rs. 263.42 lacs for the 5 months ended 31st March 1995, earning a Net Profit of Rs. 22.47 lacs.

The Comp. has entered into an agreement with M/s Muddy Fox international Ltd., U.K. for technical collaboration & marketing arrangements. Muddy Fox has already given technical assistance for development of various designs for ATB/MTB models production.

Muddy Fox International Ltd., [MFIs] a Comp. registered under the laws of Britain Virgin Islands & having its registered office at Skeleton Bldg, Main Street, P.O. Box 3136, Road Town, Tortola, British Virgin Island is in business for a period of more than 15 years. MFI is a wholesale distributor of bicycles operating with extensive dealer/distributor network in various countries.

Some of salient features of Technical Agreement between Rishabh'& Muddy Fox International [MFIs] are mentioned below:

- MFI shall provide the designs & specifications of bicycles or its products to be manufactured by Rishabh from time to time. Unless specified Rishabh won't supply its other clients with Bicycles with MFI frames & designs.

- that all patterns, dies, moulds or other tooling supplied by MFI or obtained by Rishabh for & at the sole risk of MFI shall be & shall remain the property of MFI & the price of each of them should be indicated at the time of supply.

- that no royalty is to be paid to MFI, towards the technical know-how being furnished to the Comp. but shall allow a commission of 7.5% on the F.O.B. sale price to MFI or its nominee in respect of sales routed through MFI.

- that MFI shall have an option to invest by way of fresh equity in the share capital of RISHABH upto 26% of total capital at par or at book value whatever is higher.

- that this Agreement is initially valid upto July 8, 1998 & may be extended on mutual consent from time to time.

PRESENT BUSINESS:

RISHABH in its factory at Village-Mahapura, Taluka-Savli, Dist-Vadodara, has already installed most modern & versatile systems/machineries such as cold phosphating system, shot blasting arrangements, automatic paint plant, automatic rim rolling & polishing mills, fully computerized electro plating plant & automatic assembly conveyors etc. The major equipments are based on the installed capacity of 1500 Bicycles per day.

The Comp. has developed various models of MTB/ ATB Bicycles with multi geared systems of Shimano make TY20, C50 and C90. These products have been widely accepted in the International market.

The Comp. has already executed orders worth Rs. 263.42 lacs & earned Net Profit of Rs. 22.47 lacs. The Comp. has orders on hand for more than Rs. 1200.00 lacs.

Though the initial set up is for manufacturing 1500 Bicycles per day, Comp. foresees that this can be achieved only with some additional investment in balance equipments & increase in availability of working capital. Therefore, the Comp. is coming out with a Rights Offer of Equity Shares in the ratio of 3:2 for cash at par aggregating Rs. 690.00 lacs.