Ricoh : Disclosure of the rejection of a petition filed by vendor of overseas affiliate to initiate an insolvency solution process
October 03, 2017 at 09:25 pm EDT
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TOKYO, October 4, 2017 - Our consolidated subsidiary, Ricoh India Limited (Headquarters: New Delhi, Bombay Stock Exchange - referred to as Ricoh India from here) yesterday announced that the National Company Law Tribunal (NCLT) has rejected the petition of its vendor, Fourth Dimension Solutions (Headquarters: New Delhi, National Stock Exchange - referred to as FDS from here), as a creditor of Ricoh India, to initiate the insolvency solution process under the Insolvency and Bankruptcy Code of India.
Ricoh India disclosed FDS's filing of the petition on September 11, and the National Company Law Tribunal has examined it. In the hearing held September 29, 2017, the NCLT has rejected the petition which was duly withdrawn by FDS.
Please note that there are no changes to the published consolidated financial outlook for the fiscal year, ending March 31, 2018, for Ricoh Company, Ltd.
Ricoh Company Ltd. published this content on 04 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 October 2017 01:24:05 UTC.
Original documenthttp://www.ricoh.com/release/2017/1004_1.html
Public permalinkhttp://www.publicnow.com/view/65291D27E3E29551BB2AB3B2C289956B018D27B9
Ricoh Company, Ltd. is one of the world's leading office equipment manufacturers. Net sales break down by family of products and services as follows:
- office automation equipment (48.5%): photocopiers, fax machines and printing systems;
- IT equipment and network systems (31.6%): PCs, servers, software, etc. The group also offers installation and start-up, training, technical support, and maintenance services;
- commercial and industrial printing solutions and systems (9.5%): inkjet print heads, imaging systems, commercial and industrial printers;
- thermal paper and thermal transfer ribbons (3.4%): for label printing;
- other (7%): primarily optical equipment, semiconductor, electronic components, measurement systems, photographic equipment, integrated circuits, and electronic processing equipment.
Net sales break down geographically as follows: Japan (44.8%), Europe/Middle East/Africa (23.4%), Americas (23%) and other (8.8%).
RICOH COMPANY, LTD. 
