(i) Minosha India Limited, incorporated in 1993, provides printing and document solutions to cloud services and communication systems and also developed products for Hybrid workplaces, Cyber security, AV infrastructure solutions and Cloud solutions.
(ii) Minosha India Limited has been present in India for over 27 years and operates through a robust pan-India network of 7 offices and over 300 business partners.
(iii) Minosha India is appointed as the Indian distributor for the complete suite of RICOH products and services. They have been further entrusted with the responsibility of managing the transactions for all Ricoh distributors on the GEM Portal.Â
(iv) Minosha India has been providing Operations and Maintenance Services since October 2016 to the Post offices and in July 2019, they have successfully completed the hardware delivery to all locations.Â
(v) The Government of India partnered with Minosha India Limited and TCIL (Telecommunications Consultants India Limited), to implement the ‘Rural Information and Communication Technology’ project in rural post offices across the country.
Products of the Minosha India Limited Include Multi-function Printers, Digital Duplicators, Wide Format MFPs, Office Printers, Camera & Binoculars along with these it also enables visual Communicators such as Projectors, Interactive Whiteboards.
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In Fy 21-22, management of Minosha India ( formerly known as Ricoh India ) has done the capital reduction and extinguished 25,76,980 shares out of 4,53,298,04 total shares outstanding. Â
This deduction was made at a fair value of Rs. 308 per share.
| Total Available Shares: | 500 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE291B01023 |
| Particulars (in cr) | 2022 | 2021 |
| Net Sales | 289 | 287 |
| Change In Inventories | -15 | 41 |
| Purchase of Stock-in- trade | 194 | 133 |
| Employees Benefit Expenses | 49 | 54 |
| Other Expenses | 45 | 38 |
| EBITDA | 16 | 21 |
| OPM% | 5.54% | 7.32% |
| Other Income | 55 | 27 |
| Depreciation | 6 | 10 |
| Finance Cost | 2 | 6 |
| PBT | 63 | 32 |
| Tax | 0 | 0 |
| PAT | 63 | 32 |
| NPM% | 18.31% | 10.19% |
Please find below the procedure for buying Minosha India (Ricoh India) Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Minosha India (Ricoh India) Limited Unlisted Shares at UnlistedZone.
Lock-in period of Minosha India (Ricoh India) Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Minosha India (Ricoh India) Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Minosha India (Ricoh India) Limited Unlisted Shares then minimum investment would be 35-50k.
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Market Wizard
Court has set aside the order of NCLAT which gave the right to Rekha Jhunjhunwala to acquire Ricoh:
https://dyvmwwyqozzzb.cloudfront.net/main/IMG_20200807_073731.jpg
PRE IPO SHARES
1. Kotak Investment Advisors has challenged the approval on the ground that the Tribunal failed to follow
due process of law while granting approval to Ricoh’s resolution plan.
2. It has alleged that a single member bench heard the matter while was contrary to NCLT rules.
3. Court has directed the NCLT to allow inspection of documents and records to Kotak and will hear the
matter on January 22.
Ricoh Insolvency: Kotak Investment Advisors moves Bombay High Court Challenging NCKT’s approval for resolution plan submitted by Kalpraj Dharamshi and Rekha Jhunjhunwala.
Diwakar Sharma
SIR, What is the status now ….?
Baju
I am interested to buy shares of Ricoh India
Diwakar Sharma
AT what price ?
Pawan.hmgg
At what price
Market Wizard
ET Intelligence Group: In a rare instance and probably the first of its kind in India, minority shareholders have bid for a company that has filed for bankruptcy under the National Company Law Tribunal (NCLT). The company, in this case, is Ricoh India, a subsidiary of Japan-based electronic devices manufacturer Ricoh. Kotak Investment Advisors, Karvy Data management services and Bengaluru-based WEP solutions are already in the race to acquire the company.
The two minority shareholders that ET spoke to on the condition of anonymity confirmed the development and said that a group of such shareholders along with a white knight investor have submitted a competing bid. Minority shareholders believe that the Indian subsidiary’s business has potential and the current turmoil is due to financial fraud rather than a wrong business model. More importantly, the move, if successful, will address their concern that their interests will be sidelined if another bidder acquires the company.
Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/minority-stakeholders-make-a-bid-for-ricoh-india/articleshow/68002432.cms?from=mdr
Diwakar Sharma
What is the status of case filed by Minority Shareholders ? i think NCLT has already passed Order in connivance with Jhunjhunwala !
Market Wizard
Yes, NCLT has given the decision in favor of Rekha Jhunjhunwala. They are agreeing to pay rs.50 per share to minority shareholders. Please contact the registrar or company secretary of the company for further details.