RICOH
A simple accounting trick used by companies to manipulate net profit and take investors for a ride
A company may report profits for years, only to reveal later that some figures were wrong. Accounting rules require companies to correct mistakes from earlier years, but how they do so can change the picture of their profitability. Sometimes, old losses are recorded years later or kept outside regular profits. Therefore it becomes imperative for investors to understand how past accounting errors are corrected, how the process can be misused, and what they should watch for.
BSR & Co LLF steps down as Ricoh India's statutory auditors
BSR & Co LLF had been appointed as statutory auditors of Ricoh (lndia) following shareholders' nod on September 24, 2015 to hold office for a period of five consecutive years.
Minority stakeholders make a bid for Ricoh India
Currently, Ricoh India is working on the digitisation of 1.3-lakh post offices across the country.
Kotak and Karvy bid to acquire Ricoh India
The bids were submitted to the committee of creditors led by Deutsche Bank, which will choose the new owner of the company.
No money from parent brings worry for Ricoh investors
Last year, the parent pumped Rs 1,120 crore into Ricoh India for 27 per cent stake in the company.
Ricoh sacks 2, accepts CEO’s resignation
Indicating a possible accounting fraud, Ricoh India admitted that its accounts appear to be have been “falsified” as it estimated to have incurred a loss of Rs 1,123 crore for in FY16.
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Ricoh India promoters get NCLT nod to recapitalise co
Last month, Ricoh India had said its accounts appear to have been falsified as it estimated to incur a loss of Rs 1,123 crore for the fiscal ended March 2016.
Ricoh India Chairman Tetsuya Takano resigns
Ricoh Company Ltd, a promoter entity of the Indian subsidiary of Japanese imaging and electronics major, has proposed to recapitalise the company for the loss.
Sebi widens probe into Ricoh India case
The regulator would also be referring the matter to the Corporate Affairs Ministry and possibly seek a probe by the Serious Fraud Investigation Office (SFIO).
Accounts appear falsified, estimated loss at Rs 1,123 crore: Ricoh
Meanwhile, Ricoh Company Ltd, a promoter entity of the Indian subsidiary of Japanese imaging and electronics major, has proposed to recapitalise the company for the loss.
Ricoh India to hold EGM on August 5
Over 250 minority shareholders have got together and demanded for an EGM of Ricoh India. It is the first time that minority shareholders in India have issued notice to a listed company seeking an EGM.
Minority shareholders take Ricoh India to task
Ricoh India’s share price fell like a pack of cards in this year eroding over 75% of market cap of the company. Yet neither the Sebi or no stock market authority could get details.
Minority shareholders may move court against Ricoh board, parent
Minority shareholders of the troubled MNC Ricoh India are likely to move court against the company’s board, independent directors.
IDFC Bank to replace Ricoh India on S&P BSE 500 index
According to a BSE notice, the move follows Ricoh India placement in 'Z' group -- restricted trading category -- from March 28.
Ricoh bags Rs 344cr order to fix computers in Odisha schools
Last month, Ricoh India, a subsidiary of Ricoh Group, Japan, said it is eyeing 55 per cent growth in revenues this fiscal.
Ricoh India ties up with Siemens to offer digital lifecycle management software
Imaging solutions and IT services company Ricoh India today said it has partnered with Siemens to offer digital lifecycle management software.
Ricoh India bags Rs 400-cr printer business from Vakrangee
According to IDC, Ricoh led copier based Laser MFP market, with a market share of 25.18 per cent in first half of 2015.
Will capture a major share of medical imaging market with Picasso: Manoj Kumar, Ricoh India Ltd
Manoj Kumar, MD & CEO, Ricoh India Ltd, talks about his company’s product Picasso and how it will help them in increasing their market share.
Ricoh plans to set up manufacturing plant in India
Ricoh India Ltd, part of Tokyo-based Ricoh Group, plans to set up a manufacturing plant in India, a top company official said today.
Ricoh India on track to achieve its Rs. 1000 crore revenue goal in FY14
Ricoh India has announced the launch the new 360 degree experience in Delhi, aimed at enhancing office productivity by integrating solutions in Document Management, IT Services and Communications.
Promoters to delist Ricoh India, offer to buy public holding
To attain full ownership, Japan's Ricoh plans to acquire up to 1.04 crore shares of Ricoh India from public, representing 26.40% stake, and delist shares from BSE.
Ricoh India eyes Rs 1,000 crore turnover in FY'14
Ricoh India expects to achieve Rs 1,000 crore turnover this fiscal on the back of its expansion strategy to have presence in over 200 cities.
Ricoh launches mobile visual search platform Ocutag
Ocutag platform allows app developer to integrate Ricoh's visual search technology into their mobile apps using the application programming interface.
Ricoh to endow research center at IIT Gandhinagar
As part of the agreement, Ricoh will take part in joint research projects at the Center
Sinking stock price hits Ricoh's delisting plan
Ricoh's plan to delist shares from the Indian bourse has hit a price roadblock as its share price, which had been rising steadily since the delisting announcement, hit the lower circuit in the past few days.
Ricoh India launches Ricoh Aficio SP 5200 series of digital imaging system
Ricoh India has launched Ricoh Aficio SP 5200 series of digital imaging system comprising multifunctional products for the Indian market.
Ricoh establishes thermal media business in Mumbai
Ricoh Company, a printing and document management solution establishes Ricoh Thermal Media Asia Pacific (RTM-AP) in Mumbai.
Ricoh India plans expansion, unveils 3 strategic products
The company unveiled three new models of laser printers and A4 MFPs.
Ricoh India targets over 50% sales growth by March 2012
IT peripheral company Ricoh India on Wednesday said it is looking to increase sales by 50 per cent to Rs 460 crore in this financial year.
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