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 Tinplate Comp. of India Ltd.

YEAR EVENTS 1920 - The Comp. was incorporated on 20th January, as a Private Limited Comp. & commenced business thereafter. It became a public limited Comp. from 27th December, 1968. Until the year 1920 or thereabout, India entire requirement of tinplate was imported & most of these imports were utilised by Burmah Oil Co., Ltd., [BOCs] to fabricate containers for marketing its kerosene oil & other petroleum products in India. Imports of tinplate were severely curtailed during the first World War and BOC as the largest users of tinplate were seriously effected by wartime scarcity. The main objects Manufacture of timplate & blackplate.

1922 - Tata Iron and Steel Co.Ltd., who were then looking for an outlet for steel produced at their Jamshedpur plant & BOC who required the tinplate joined the venture with 1/3 & 2/3 participation respectively in the share capital of company. Production commenced in December.

- The company existing plant was established in this year, & employed the technology available at that time.

1928 - Capital reduced by cancelling capital lost or unrepresented by available assets to the extent of Rs. 8.50 per share & by redducing the face value of shares from Rs. 15 to Rs. 6.50.

1936 - 5,00,000 shares of Rs. 6.50 each consolidated into 25,000 shares of Rs. 130 each. shares were then subdivided into 3,25,000 shares of Rs. 10 each. 4,25,000 bonus shares issued in propn. 17:13.

1955 - 5,00,000 Bonus shares issued in propn. 2:3.

1973 - New electrolytic tinning-cum-tin free steel combination coating line in the surplus land at the existing plant for production of tinplate & tin-free steel [chromium coated platess] which would expand the existing capacity by 90,000 tonnes to 1,60,000 tonnes per annum.

- It was decided to use Ferrostan process for manufacture of tinplate using phenol sulphonic acid electrolyte system & TFS-III process for manufacture of tin-free steel using chromic acid as electrolyte. The know-how for these processes was to be supplied by Wean United Canada, limited Canada [WEAs] with whom a technical collaboration was entered into on 13th July, for a period of ten years.

1975 - 10,00,000 Bonus shares allotted on 30th April. 37,50,000 shares issued at par during August; 3,00,000 shares to The Tata Iron & Steel Co. Ltd., 50,000 shares to the employees of Comp. and 1,00,000 shares to LIC were reserved for allotment & 33,00,000 shares offered to the public.

1981 - 12,00,000 No. of equity shares allotted at par to financial institutions on conversion of loans: 4,50,000 shares to IDBI; 1,50,000 shares each to IFCI & UTI; 2,50,000 shares to ICICI & 2,00,000 shares to LIC.

1985 - 30,00,000 No. of equity shares issued at par to IDBI, ICICI, IFCI, LIC, UTI & Tata Iron and Steel Co., Ltd in conversion of loans & accrued interest thereon.

1986 - Bladite Holdings, limited [UKs] [formerly Burmah Oil Comp. [India Tradings], Ltd., U.K.s] sold their entire holding of 15,00,000 No. of equity shares of Rs. 10 each in the Comp. to Tata Iron & Steel Co., limited on 14th January.

1987 - The hot dip plant achieved an all time high production & operated at 121% of rated capacity. The electroyltic tinplate plant remained idle for 8 months in the year for want of TMBBP coils.

1988 - The Comp. signed an agreement with Bihar State Industrial Development Corporation limited for setting up a 35,000 TPA GP/GC Sheets. Subject to necessary approvals including the MRTP, the Comp. proposed to set up a Comp. in the name of `Tiscoat Metals, Ltd.,' for implementation of said project.

- The gas producer plant & the accompanying coal handling plant were commissioned. The Comp. also undertook the work on setting up a semi mechanisation unit of hot mills. During the year, the Company application for a letter of Intent for cold rolling mill to produce TMBP was under Government consideration.

1989 - The electroytic tinplate plant operated efficiently.

- A letter of intent approving a plant capacity of 1,10,000 tonnes per year was received for manufacture of TMBP coils.

1990 - During the year few steps were taken in consultation with TCIL-Bihar State Industrial Development Corporation [BSIDCs] for expediting the project.

1991 - The electrolytic tinplate plant had virtually remained idle for five months owing to short supply of imported tin mill black plates & tin on Acc. of severe restriction on imports.

- The Comp. proposed to set up manufacturing facilities to produce TMBP coils.

1992 - During October-November, the Comp. issued 50,59,800 - 15% secured fully convertible debentures of Rs. 150 each on rights basis in the proportion of 1 debenture : 2 equity shares held. [all were taken ups].

- Another 2,52,995 - 15% fully convertible debentures were offered to the employees of Comp. on an equitable basis. [only 1,16,850 debentures taken ups]. Unsubscribed portion was allowed to lapse.

- Part A of Rs. 50 of each debenture was to be converted into one equity share of Rs. 10 each at a premium of Rs. 40 per share at the end of six months from the date of allotment.

- Part B of Rs. 100 of each debenture was to be converted into 2 equity shares of Rs.10 each at a premium of Rs. 40 per share at the end of six months but not later than 12 months from the date of allotment.

1993 - Production in the hote dip plant amounted to 1,32,294 tonnes. In spite of unfavourable market conditions, the performance of electrolytic tinplate plant was reported to be satisfactory.

1994 - The performance of hot dip plant showed improvement in regard to product-mix, fuel consumption & other operational parameters.

- The performance of electrolytic tinplate plant was affected due to the severe competition from imported tinplate on Acc. of substantial reduction in the import duty on tinplate.

- 33,00,000 No. of equity shares [Prem. Rs. 40 issued to Financial Institutions, Mutual Funds on private placement basis.

1995 - The performance of hot dip plant improved its product-mix with Hi-Silicon sheets.

1996 - The performance of both hot dip plant & electrolytie tinplate plant was not satisfactory on Acc. of reduction in the market for products produced in the HDP & crash in tinplate products in the international market.

1997 - Performance of HDP was affected as HDP products lost its competitiveness due to technological obsolesence. Cold Rolling Mill & ETP performed satisfactorily despite sluggish market.

2000 - The Comp. has signed agreement with CDSL, NSDL & Tata Share Registry [R&T agents] for dematerialisation.

- The Comp. has signed an agreement with CDSL for dematerialisation. Tata Share Registry Ltd has been appointed as the R&T agent for dematerialisation.

2009

- Tinplate Comp. of India Ltd has appointed Mr. Tarun Kumar Daga as an Additional Director & also as an Executive Director of Comp. with effect from March 09, 2009 for a period of 5 years subject to the approval of Shareholders at the next General Meeting of Company.