November 30, 2018

Ricoh India- Case Pending With Insolvency ( IBC )

Powers of the Board suspended and vested with a Resolution Professional.     

Share Trading : Suspended from BSE .

Support Withdrawn by parent Japanese company .

25 th AGM on 21/12/2018 , 10 AM , in Mumbai 

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Financial Results for the year ending 31/03/18 show:-

Sales : Rs. 681 cr

Gross Loss : ( Rs. 269 cr )

New Loss  ( Rs. 894 cr )

Loss B/f Last year ( Rs 1371 cr )

Loss c/f ( Rs. 2255 cr )

EPS : MINUS (-Rs.225 / share of Rs. 10 Face Value )


( PLEASE RECHECK ALL FIGURES )

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As on 31/03/2018

Share Capital : Rs. 40 cr

Reserves : MINUS ( - Rs. 1086 cr )

Share Rs. 10 paid up

=======================+. Blog Comment : After IBC Resolution will any thing be left for Public share holders    ?

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Please read :-

https://www.bloombergquint.com/markets/did-the-fraud-at-ricoh-india-begin-much-before-the-company-claims#gs.C_uCyb8

https://www.bloombergquint.com/markets/2017/10/30/losses-at-fraud-hit-ricoh-india-hit-japanese-parent#gs.O9ztv74  

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                      General Warning : Investment in shares can be injurious to your WEALTH.

Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism

( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog


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