/raid1/www/Hosts/bankrupt/TCREUR

/raid1/www/Hosts/bankrupt/TCREUR_Public/000626.mbx T R O U B L E D C O M P A N Y R E P O R T E R E U R O P E Monday, June 26, 2000, Vol. 1, No. 35 Headlines B U L G A R I A TRADE & SAVINGS: Court Awards Assets to Government Agency C Z E C H R E P U B L I C PRAZSKE PIVOVARY: Troubled Brewer Handed Over to Interbrew TATRA: Truck Manufacturer's Debt Purchased by Kras Brno H U N G A R Y MOL RT: Gas Division Losses Up To Ft 100 Billion S L O V A K I A (S L O V A K R E P U B L I C) DEVIN BANKA: Bank Rescued from Near-Collapse U N I T E D K I N G D O M ACREMERE LTD: Notice of Creditors Meeting ALBEN LTD: Notice of Creditors Meeting ALIANCE SERVICES: Notice of Creditors Meeting ARCADIA: Shares have Fallen 72% Since October 1999 ARDYNE SCAFFOLDING: Notice of Creditors Meeting BUCKLEY & SULLIVAN: Notice of Creditors Meeting CARDIFF DEVILS: Notice of Creditors Meeting CELTIC LEISURE: Notice of Creditors Meeting CHANNONS LTD: Notice of Creditors Meeting CRYSTAL FINANCIAL: Notice of Creditors Meeting DEVILS MANAGEMENT: Notice of Creditors Meeting FOREFRONT RECRUITMENT: Notice of Creditors Meeting FOREFRONT RECRUITMENT: Notice of Creditors Meeting GAMES WORLD: Notice of Creditors Meeting HOME ELEMENTS: Notice of Creditors Meeting I.H. CORRUGATES: Notice of Creditors Meeting INFORMATION TECH: Notice of Creditors Meeting IVOR FIELDS: Notice of Creditors Meeting JJ TV: Notice of Creditors Meeting JAMES & KEATS: Notice of Creditors Meeting JAMES & KEATS: Notice of Creditors Meeting KUSUM JALOTA: Notice of Creditors Meeting LA ROCKA: Notice of Creditors Meeting MERE CONSTRUCTION: Notice of Creditors Meeting RON CLIFFORD: Notice of Creditors Meeting SCS SYSTEMS: Notice of Creditors Meeting SKJ LTD: Notice of Creditors Meeting TOWN & COUNTRY: Notice of Creditors Meeting UK FABRICS: Notice of Creditors Meeting VEGA TECHNOLOGY: Notice of Creditors Meeting =============== B U L G A R I A =============== TRADE & SAVINGS: Court Awards Assets to Government Agency ------------------------------ THE SOFIA ECHO, June 16 - 23, 2000 The Government Receivables Agency (GRA) has acquired the property rights of the bankrupt Trade & Savings Bank (TSBank), the Finance Ministry announced. TSBank is the second bank whose assets were awarded to the GRA by the court. GRA is expected to acquire the assets of another six banks by a similar procedure, Finance Ministry officials stated. TSBank was adjudicated bankrupt on April 8, 1997 on a petition filed by the National Bank of Bulgaria. The Treasury paid TSBank's depositors some BGN10m ($5m) and some $12m. The bank is valued at BGN24.4m ($12.2m) according to its updated appraisal. The court awarded 80 per cent of the value to GRA, or some BGN19m ($9.5m). The court decree is open for appeal within 14 days. =========================== C Z E C H R E P U B L I C ============================ PRAZSKE PIVOVARY: Troubled Brewer Handed Over to Interbrew ------------------------------ Prague Business Journal, June 19, 2000 England's Bass last week announced it would sell its brewing interests to Belgian Interbrew for $3.5 billion in a deal that will create the world's second-largest beer group and end Bass' direct involvement in the brewing sector. On the local market, the deal hands over Bass' Prazske Pivovary, with a 13% Czech market share, to Interbrew, giving the Belgian brewer its first taste of the Czech market. Interbrew beat out the Danish Carlsberg and the Dutch Heineken in its bid for Bass in the deal, announced June 14. The privately held Belgian company is now poised to play a dominant role as the largest European brewer. Only U.S. Anheuser-Busch exceeds its share of global beer production. The purchase comes on the heels of Interbrew's May 25 purchase of the British Whitbread for $603 million. The combined deals give Interbrew a 32% slice of the U.K. beer market. Bass has run into trouble on the Czech market, where mounting losses and a shareholder lawsuit have combined with an end-run by Nomura International to dent plans to build the country's largest brewing group. Minority shareholders are therefore expected to embrace the sale. "We have a balanced exposure in mature and developing markets," said Interbrew spokesman Cornel Maes. "We are a group that is globally present, but where there is a focus on local strengths and local brands." Interbrew will be in a much weaker competitive position in the Czech Republic than in the U.K., with Prazske Pivovary's 13% share dwarfed by South African Breweries' Plzensky Prazdroj and its 45% control of the market. SAB purchased a majority stake in Prazdroj, which now includes Pivovar Radegast, late last year. "It gives them an interesting entree into a loss-making market," said Phil Hawkins from the London offices of Merrill Lynch. "But if you have global ambitions, you have to be there." He sees Prazske Pivovary as an integral part of Bass' operations, despite its lack of a critical mass on the market. Interbrew steps into a Prazske Pivovary operation that has been a perpetual runner-up in the Czech beer market. Bass came onto the Czech market in 1996 with the hope of combining Prazske Pivovary with its minority stake in Radegast. It was beaten to the punch by Ceske Pivo, which was controlled by Nomura Securities. Ceske Pivo took control of Radegast instead, later merging it with Prazdroj. Following the Anti-Monopoly Office approval of Nomura's actions, Bass sold its Radegast stake to Prazdroj in September 1999. Nearby, Interbrew is the market leader in Hungary with its Borsodi Brewery controlling almost a third of the local beer market. On its heels are South African Breweries' Kobanyai Brewery and Brau Union's Soproni. The main Interbrew brand is Borsodi Vilagos in Hungary. The brewery produces another four brands - Holsten, Spaten, Rolling Rock, and Stella Artois. In Bulgaria, Interbrew has a 42% share and produces four local brands. In the Czech Republic, Interbrew stands to benefit from the 1999 rebranding of Prazske Pivovary's Staropramen. The Interbrew global brand, Stella Artois, plays a less central role than do the flagship beers of Heineken and Carlsberg. "Our approach is to have local brands. And in addition to this, if the management thinks there is room for a global brand, to then bring in the Stella Artois," said Maes. Prazske Pivovary has been in the red since 1995. The brewer had an unaudited loss of Kc 370 million in 1999, with sales volume down 4.3% to 247,000 hectoliters. Much of the losses throughout the Czech beer industry, not just at Prazske Pivovary, are attributed to a persistent price war. Now that Plzensky Prazdroj, majority-owned since October 1999 by South African Breweries, holds a commanding 45% market share, analysts believe the price war will end and profitability return to the Czech market. The string of losses have been a continuing sore point between Bass and minority shareholders, including the National Property Fund, Komercni Banka's Investicni Kapitalova Spolecnost, and Prague Securities. Three lawsuits have been filed by Prague Securities against Bass alleging errors in the timing of Bass' buyout offer for minority shareholders and unclear business dealings between Bass and Prazske Pivovary. However, the primary issue is a stock price that has plummeted from a high of Kc 240 when Bass stepped in to Kc 38.34 at last Thursday's close. Hawkin meanwhile dismissed miniority shareholders' complaints: "Their opportunity to make money is now getting better. To make money out of Bass - no." Interbrew is a privately held Belgian company. The company has stated its desire to be listed and debut on the public market during the year 2000. However, no time has yet been set or details on the proposed IPO released. TATRA: Truck Manufacturer's Debt Purchased by Kras Brno ------------------------------ THE PRAGUE POST, June 21, 2000 After shedding more than 4 billion Kc of debt, about $105 million, Czech truck manufacturer Tatra is hoping to secure investment for expansion and restructuring. "After 10 years we finally don't have this debt," said Eva Kijonkova, the company's spokeswoman. "Finally we have a chance to be a normal, functioning company." A debt-for-equity swap between Tatra and Kras Brno, a National Property Fund (FNM) subsidiary, erased the company's debt in return for increased government stake in the truck manufacturer. Tatra shareholders approved the swap June 12, boosting the company's share capital from about 1 billion Kc to more than 5 billion Kc. Kras Brno, which purchased Tatra's debt from Czech bailout bank Konsolidacni banka, traded the debt for more than 16 million new shares. The price of the shares, which will not be publicly traded, has been set at 250 Kc. Kijonkova said Tatra's debt load prevented them from securing money for new machinery, so now the company will negotiate with banks for investment funds to rebuild its aging infrastructure. Tatra is also hoping to tap markets beyond the Czech Republic's borders. "Because 80 to 90 percent of our production is exported, we need investment to create new service and sales outlets in other countries," Kijonkova said. The government has increased its stake in Tatra to almost 90 percent, Kijonkova said. Kras Brno owns 79 percent of the stock, Konsolidacni banka has 9 percent and Ceska financi has between 5 and 6 percent. Tatra has been undergoing restructuring through the Revitalization Agency for the past few years, and is on track to have a strategic partner by the end of the year. The Economist Intelligence Group reported that Volvo, Toyota and SDC International have expressed interest in Tatra. Tatra is expecting to lay off about 400 workers this year as part of the restructuring process, Kijonkova said. Last year 250 people were laid off. The North Moravia-based manufacturer has turned a profit in the first quarter of 2000 -- 41.9 million Kc up from a loss of 112.4 million Kc in the same quarter last year. ============= H U N G A R Y ============= MOL RT: Gas Division Losses Up To Ft 100 Billion ------------------------------ BUDAPEST BUSINESS JOURNAL, June 23, 2000 Oil and gas monopoly MOL Rt's losses in the gas division are expected to come to Ft 100 billion, Gy"rgy Felkai, MOL communications director, said. Felkai added that a new president would be elected tomorrow from among the nine current board members. Dropping 10.07% to Ft 3,885 in the first 20 minutes of trading yesterday, MOL shares earned a 10-minute suspension. MOL had Ft 1.18 billion turnover before the time-out. ================================================ S L O V A K I A (S L O V A K R E P U B L I C) ================================================ DEVIN BANKA: Bank Rescued from Near-Collapse ------------------------------ THE SLOVAK SPECTATOR, June 19-25, 2000 Following the near-collapse of Dev》 banka and a June 8 cabinet agreement on a 2.5 billion crown government bail-out for the struggling Slovak-Russian financial house, both the state and the National Bank of Slovakia (NBS) have come under fire over what many observers are beginning to see as a banking fiasco. Deputy Prime Minister for the Economy Ivan Miklos and Finance Minister Brigita Schm"gnerov were forced onto the defensive June 11 as they explained that the action had been taken reluctantly, saying there was little else they could do. "There was no better solution," Miklos said. Schm"gnerov added that the government had been forced into the move to protect other banks` money, without having to resort to the newly-created Deposit Protection Fund. "There are periods when we have to spend some funds in order not to lose more of them," the minister said. Following the May collapse of Slovensk kreditn banka (SKB), the third bank crash in the space of 12 months, the central bank declared that commercial banks would contribute a special levy of 0.3% of the average amount of protected deposits in Slovak banks into the Deposit Protection Fund. The fund has been criticised by banking chiefs as an unfair sytem which discriminates against larger successful banks, and has been short of cash after a 1.7 billion crown payoff of protected deposits of another collapsed bank, AG banka. Dev》 banka closed 1999 with a net profit of 36.29 million crowns, three million less than in 1998. While its total assets doubled to 13.18 billion crowns over 1999, a large portion of these assets consisted of various claims and debts. The bank has been a thorn in the side of the present coalition for much of its 18 months in government. The bank again won a controversial tender to unblock Russia`s old debt to Slovakia in 1999, but is now facing a penalty from the Finance Ministry for not successfully unblocking all the debt it had promised in previous years. It has also been accused of being a political lobbying body, with general director Lubom〉 Kanis openly supporting the coalition Democratic Left Party (SDL) and its continued advocacy of the completion of the third and fourth blocks of the Mochovce nuclear power station in the face of government opposition to the plans. Dev》 banka had previously mediated a $150 million Russian loan for the construction of the blocks, while the SDL nominated Stefan Kosovan, a former member of Dev》 banka`s board of directors who still has an ownership interest in the bank, as head of Slovensk, elektr rne, the state-owned power monopoly operating Mochovce. Kosovan was recalled this March, much to the chagrin of the SDL. Miklos said that the bank had, from its 1992 establishment, been giving politically motivated loans and had been poorly managed. The government has conditioned the bridging loan on the participation of the state in the management of the bank. Under the loan terms the Finance Ministry will take one-third of the posts on Dev》 banka`s supervisory board and will have one representative on the board of directors. Notwithstanding Dev》 banka`s murky past, banking sector chiefs and politicians have hit out at the central bank for the near crash, claiming the Dev》 banka fiasco highlights what has been a growing trend towards `soft` banking sector management. A source in the banking sector, speaking on condition of anonymity, told The Slovak Spectator: "It was clear that Dev》 banka was in huge trouble right from the beginning. It amassed a huge base of clients by offering high deposit interest rates - this in itself indicated some large problems. But the central bank did nothing." "I really believe that the central bank is doing nothing in terms of banking supervision. It`s absolutely terrible. The first example of this was in 1997 when IRB [Investicn a rozvojov banka, one of the country`s largest banks - Ed. note] collapsed. That was three years ago and they had time to learn from that. But they haven`t learnt anything. Banking supervision is a complete disaster. The supervision at the moment is hopeless," the source said. Deputy chairman of the opposition Slovak National Party (SNS) Viliam Oberhauser weighed into the attack on the NBS. He said that the central bank`s overseeing of the sector had become very poor and that the state was now being forced to bear the burden of protecting deposits. But the central bank rejected the criticism. NBS spokesman J n Onda told The Slovak Spectator: "The NBS considers any criticism concerning the case of Dev》 banka directed against us as completely unfounded. The NBS has been continuously informed about negotiations between the Finance Ministry and Dev》 banka." Onda added: "The governor of the NBS, Mari n Jusko, also took part in the recent negotiations with the [Dev》] bank management, representatives of shareholders and the Finance Minister. A solution, supported by the NBS, has been suggested that seems to have a good chance of resolving the complicated situation in Dev》 banka." The central bank has also been criticised for its performance on monetary policy, and specifically the setting of its inflation targets. NBS officials have openly declared that their priority concern is maintaining a stable crown, leading to questions over commitment to inflation targetting. Last month the bank made more corrections to its monetary programme for 2000, lowering its headline inflation target to 8.8-9.9%. The move was the third inflation target update in the last five months, undermining, the banking source said, the institution`s short and medium-term targets. =========================== U N I T E D K I N G D O M =========================== ACREMERE LTD: Notice of Creditors Meeting ------------------------------ Company Name: Acremere Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 03.00 pm Meeting date: 23/06/00 Meeting address: 4 Dancastle Court 14 Arcadia Avenue Meeting City Code: London N3 2HS Authorised by: J F Bailey Director 30/05/00 Liquidators: Firm Name: Valentine & Co Address: 4 Dancastle Court 14 Arcadia Avenue London N3 2HS ALBEN LTD: Notice of Creditors Meeting ------------------------------ Company Name: Alben (UK) Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 03.00 pm Meeting date: 23/06/00 Meeting address: 23 Turnpike Lane Meeting City Code: London N8 0EP Authorised by: B Agbaje Director 24/05/00 Liquidators: E Arkin Firm Name: Arkin & Co Address: 23 Turnpike Lane London N8 0EP ALIANCE SERVICES: Notice of Creditors Meeting ------------------------------ Company Name: Aliance Services Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 12.00 pm Meeting date: 23/06/00 Meeting address: 78 Carlton Place Meeting City Code: Glasgow G5 9TH Authorised by: Allan Legget Director 06/06/00 Liquidators: Firm Name: Pannell Kerr Forster Address: 78 Carlton Place Glasgow G5 9TH ARCADIA: Shares have Fallen 72% Since October 1999 ------------------------------ THE INDEPENDENT, June 23, 2000 Shares in Arcadia, owner of Top Shop, Dorothy Perkins and many other high street brands, have fallen so much in the last year that the group's stores are worth on average just ?53,000 each. A weak trading statement yesterday helped explain why Arcadia is so very cheap but not at all cheerful. Arcadia is suffering because of over expansion. It has more than 1,500 stores across 16 brands, making it heavily exposed to the troubled retail market. Furthermore, it is saddled with crippling tenancies. In April, John Hoerner, the chief executive, said Arcadia would jettison 400 stores and close Principles for Men. It would also look to renegotiate agreements with its landlords. Mr Hoerner yesterday said the programme was on track to achieve 160 store disposals by the end of August. But disappointing trading figures and silence on rent negotiations held back a slight upward movement in the shares. At first glance, the figures looked good. Group sales, including those from the Wallis, Warehouse and Miss Selfridge stores acquired last year, were up 31 per cent. Excluding the new brands, sales were up 5.1 per cent - still ahead of the industry average. Womenswear sales were up 8.4 per cent, with sales per square foot up 4.4 per cent thanks to a strong showing from Top Shop, Dorothy Perkins and Evans. This masked more serious deficiencies. Margins are still falling, albeit less rapidly, at 0.7 percentage points, than previously. It is thought this is below the company's own expectations, as was a mere 1.7 per cent increase in underlying sales per square foot. Menswear sales per square foot dropped 5 per cent. This reinforced the perception that Arcadia is having to cut prices more than expected to shift stock. For a group with high staff costs and expensive locations, that's worrying. Credit Suisse First Boston, the house broker, is maintaining forecasts of ?4m in pre-tax losses this year. Other more bearish analysts yesterday halved their losses forecast from ?10m to ?5m. Arcadia now faces the threat of its rivals occupying space vacated by C&A's departure from Britain. The shares, up 1p at 44p, have fallen 72 per cent since this column suggested selling in October. While it looks too late to sell now, investors should wait for better signs of recovery before piling in. ARDYNE SCAFFOLDING: Notice of Creditors Meeting ------------------------------ Company Name: Ardyne Scaffolding Ltd Other name: IA 1986 Section: 138 Creditors Meeting Time: 10.30 am Meeting date: 23/06/00 Meeting address: 3 Randolph Crescent Meeting City Code: Edinburgh Authorised by: K V Anderson Interim Liquidator 06/06/00 Last day for proxy: 22/06/00 Proxy address: 28 Alva Street Edinburgh EH2 4QF Liquidators: Firm Name: T Hunter Thompson & Co Address: 28 Alva Street Edinburgh EH2 4QF BUCKLEY & SULLIVAN: Notice of Creditors Meeting ------------------------------ Company Name: Buckley & Sullivan Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 02.30 pm Meeting date: 23/06/00 Meeting address: Pride Park Stadium Pride Park Meeting City Code: Derby DE24 8XL Authorised by: J Sullivan Director 05/06/00 Last day for proxy: 22/06/00 Proxy address: Cornwall Court 19 Cornwall Street Birmingham B3 2DT Liquidators: Firm Name: PricewaterhouseCoopers Address: Wilmot House St James Court Friar Gate Derby DE1 1BT CARDIFF DEVILS: Notice of Creditors Meeting ------------------------------ Company Name: Cardiff Devils Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 10.30 am Meeting date: 23/06/00 Meeting address: 17 St Andrews Crescent Meeting City Code: Cardiff CF1 3DB Authorised by: R J Phillips Director 19/05/00 Last day for proxy: 22/06/00 Proxy address: 17 St Andrews Crescent Cardiff CF1 3DB Liquidators: Firm Name: KTS Dewey Address: 17 St Andrews Crescent Cardiff CF1 3DB CELTIC LEISURE: Notice of Creditors Meeting ------------------------------ Company Name: Celtic Leisure (Cymru) Plc Other name: IA 1986 Section: 98 Creditors Meeting Time: 11.30 am Meeting date: 23/06/00 Meeting address: The Park Hotel Park Place Meeting City Code: Cardiff Authorised by: R J Phillips Director 19/05/00 Last day for proxy: 22/06/00 Proxy address: 17 St Andrews Crescent Cardiff CF1 3DB Liquidators: Firm Name: KTS Dewey Address: 17 St Andrews Crescent Cardiff CF1 3DB CHANNONS LTD: Notice of Creditors Meeting ------------------------------ Company Name: Channons (Dorchester) Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 10.00 am Meeting date: 23/06/00 Meeting address: The Kings Arms Hotel 30 High Street Meeting City Code: Dorchester DT1 1HJ Authorised by: L W Keats Director Last day for proxy: 22/06/00 Proxy address: Milford House 43-55 Milford Street Salisbury SP1 2BP Liquidators: Firm Name: Knights & Co Address: Milford House 43-55 Milford Street Salisbury SP1 2BP CRYSTAL FINANCIAL: Notice of Creditors Meeting ------------------------------ Company Name: Crystal Financial Services Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 11.00 am Meeting date: 23/06/00 Meeting address: Tickled Trout Hotel New Road Meeting City Code: Preston PR5 0UJ Authorised by: S Lavery Secretary 31/05/00 Last day for proxy: 22/06/00 Proxy address: Brazennose House Lincoln Square Manchester M2 5BL Liquidators: Stephen M Quinn Firm Name: Baker Tilly Address: Brazennose House Lincoln Square Manchester M2 5BL DEVILS MANAGEMENT: Notice of Creditors Meeting ------------------------------ Company Name: Devils Management Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 10.30 am Meeting date: 23/06/00 Meeting address: 17 St Andrews Crescent Meeting City Code: Cardiff CF1 3DB Authorised by: R J Phillips Director 19/05/00 Last day for proxy: 22/06/00 Proxy address: 17 St Andrews Crescent Cardiff CF1 3DB Liquidators: Firm Name: KTS Dewey Address: 17 St Andrews Crescent Cardiff CF1 3DB FOREFRONT RECRUITMENT: Notice of Creditors Meeting ------------------------------ Company Name: Forefront Recruitment (Construct) Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 10.30 am Meeting date: 23/06/00 Meeting address: The Royal Victoria Holiday Inn Station Road Meeting City Code: Sheffield S4 7YE Authorised by: I A Robertshaw Director 26/05/00 Liquidators: Firm Name: HLB Kidsons Address: Wilberforce Court Alfred Gelder Street Hull HU1 1YH FOREFRONT RECRUITMENT: Notice of Creditors Meeting ------------------------------ Company Name: Forefront Recruitment (Industries) Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 11.00 am Meeting date: 23/06/00 Meeting address: The Royal Victoria Holiday Inn Station Road Meeting City Code: Sheffield S4 7YE Authorised by: I A Robertshaw Director 26/05/00 Liquidators: Firm Name: HLB Kidsons Address: Wilberforce Court Alfred Gelder Street Hull HU1 1YH GAMES WORLD: Notice of Creditors Meeting ------------------------------ Company Name: Games World Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 11.00 am Meeting date: 23/06/00 Meeting address: Glenroyd House 96-98 St James Road Meeting City Code: Northampton NN5 5LG Authorised by: R Holt Director 05/06/00 Liquidators: Peter J Windatt Firm Name: Smith Dove Address: Glenroyd House 96-98 St James Road Northampton NN5 5LG HOME ELEMENTS: Notice of Creditors Meeting ------------------------------ Company Name: Home Elements Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 11.00 am Meeting date: 23/06/00 Meeting address: Brentmead House Britannia Road Meeting City Code: London N12 9RU Authorised by: L Orme Director 05/06/00 Last day for proxy: 21/06/00 Proxy address: Brentmead House Britannia Road London N12 9RU Liquidators: Firm Name: Leigh & Co Address: Brentmead House Britannia Road London N12 9RU I.H. CORRUGATES: Notice of Creditors Meeting ------------------------------ Company Name: I H Corrugates Cases Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 11.00 am Meeting date: 23/06/00 Meeting address: The Black Horse Hotel Westgate Meeting City Code: Leeds LS21 3AF Authorised by: I Holt 01/06/00 Liquidators: David T Greensill Firm Name: Mayfields Address: Church Steps House Queensway Halesowen B63 4AB INFORMATION TECH: Notice of Creditors Meeting ------------------------------ Company Name: Information Tech Estate Management Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 02.30 pm Meeting date: 23/06/00 Meeting address: 92 Micklegate Meeting City Code: York YO1 6JX Authorised by: R M Kennedy Director 06/06/00 Last day for proxy: 22/06/00 Proxy address: 92 Micklegate York YO1 6JX Liquidators: Firm Name: Smith & Williamson Address: 102 Ellesborough Road Wendover HP22 6EW IVOR FIELDS: Notice of Creditors Meeting ------------------------------ Company Name: Ivor Fields (Photography) Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 11.15 am Meeting date: 23/06/00 Meeting address: Parkville House 16 Bridge Street Meeting City Code: Pinner HA5 3JP Authorised by: I Hunt Director 08/06/00 Liquidators: I D Holland Firm Name: Ian Holland & Co Address: Parkville House 16 Bridge Street Pinner HA5 3JP JJ TV: Notice of Creditors Meeting ------------------------------ Company Name: J J T V Audio Repairs Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 12.00 pm Meeting date: 23/06/00 Meeting address: The Marriott Hotel North Harbour Meeting City Code: Portsmouth PO6 4SH Authorised by: R W Jenkins Director 05/06/00 Last day for proxy: 22/06/00 Proxy address: 10-12 New College Parade Finchley Road London NW3 5EP Liquidators: Kian Seng Tan Firm Name: K S Tan & Co Address: 10-12 New College Parade Finchley Road London NW3 5EP JAMES & KEATS: Notice of Creditors Meeting ------------------------------ Company Name: James & Keats (Blandford) Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 11.15 am Meeting date: 23/06/00 Meeting address: The Kings Arms Hotel 30 High Street Meeting City Code: Dorchester DT1 1HJ Authorised by: L W Keats Director Last day for proxy: 22/06/00 Proxy address: Milford House 43-55 Milford Street Salisbury SP1 2BP Liquidators: Firm Name: Knights & Co Address: Milford House 43-55 Milford Street Salisbury SP1 2BP JAMES & KEATS: Notice of Creditors Meeting ------------------------------ Company Name: James & Keats Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 12.15 am Meeting date: 23/06/00 Meeting address: The Kings Arms Hotel 30 High Street Meeting City Code: Dorchester DT1 1HJ Authorised by: L W Keats Director Last day for proxy: 22/06/00 Proxy address: Milford House 43-55 Milford Street Salisbury SP1 2BP Liquidators: Firm Name: Knights & Co Address: Milford House 43-55 Milford Street Salisbury SP1 2BP KUSUM JALOTA: Notice of Creditors Meeting ------------------------------ Company Name: Kusum Jalota Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 11.00 am Meeting date: 23/06/00 Meeting address: Century House Ashley Road Meeting City Code: Hale WA15 9TG Authorised by: A Jolota Director Last day for proxy: 22/06/00 Proxy address: Century House Ashley Road Hale WA15 9TG Liquidators: Firm Name: Milner Boardman & Partners Address: Century House Ashley Road Hale WA15 9TG LA ROCKA: Notice of Creditors Meeting ------------------------------ Company Name: La Rocka Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 12.00 pm Meeting date: 23/06/00 Meeting address: 4 Dancastle Court 14 Arcadia Avenue Meeting City Code: London N3 2HS Authorised by: L W Johnson Director 02/06/00 Liquidators: Firm Name: Valentine & Co Address: 4 Dancastle Court 14 Arcadia Avenue London N3 2HS MERE CONSTRUCTION: Notice of Creditors Meeting ------------------------------ Company Name: Mere Construction Co Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 11.30 am Meeting date: 23/06/00 Meeting address: 103 Portland Street Meeting City Code: Manchester M1 6DF Authorised by: R Meredith Director 30/05/00 Liquidators: Firm Name: Lewis Alexander & Collins Address: 103 Portland Street Manchester M1 6DF RON CLIFFORD: Notice of Creditors Meeting ------------------------------ Company Name: Ron Clifford Plasterers Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 10.30 am Meeting date: 23/06/00 Meeting address: 1 Old Hall Street Meeting City Code: Liverpool L3 9HF Authorised by: R D Clifford Director 07/06/00 Liquidators: Firm Name: Huntington Moore Address: 1 Old Hall Street Liverpool L3 9HF SCS SYSTEMS: Notice of Creditors Meeting ------------------------------ Company Name: S C S Systems Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 10.15 am Meeting date: 23/06/00 Meeting address: Wesley House Huddersfield Road Birstall Meeting City Code: Bately WF17 9EJ Authorised by: K Slater Director 06/06/00 Liquidators: Firm Name: O'Hara & Co Address: Wesley House Huddersfield Road Birstall Bately WF17 9EJ SKJ LTD: Notice of Creditors Meeting ------------------------------ Company Name: S K J Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 12.00 pm Meeting date: 23/06/00 Meeting address: Century House Ashley Road Meeting City Code: Hale WA15 9TG Authorised by: A Jolota Director Last day for proxy: 22/06/00 Proxy address: Century House Ashley Road Hale WA15 9TG Liquidators: Firm Name: Milner Boardman & Partners Address: Century House Ashley Road Hale WA15 9TG TOWN & COUNTRY: Notice of Creditors Meeting ------------------------------ Company Name: Town & Country (Taverns) Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 10.30 am Meeting date: 23/06/00 M eeting address: Meridien House 62 Station Road Meeting City Code: London E4 7BA Authorised by: M McGrath Director 01/06/00 Last day for proxy: 22/06/00 Proxy address: Meridien House 62 Station Road London E4 7BA Liquidators: Firm Name: Carter Clark Address: Meridien House 62 Station Road London E4 7BA UK FABRICS: Notice of Creditors Meeting ------------------------------ Company Name: UK Fabrics Dyeing & Finishing Ltd Other name: IA 1986 Section: 98 Creditors Meeting Time: 03.00 pm Meeting date: 23/06/00 Meeting address: The Old Mill 9 Soar Lane Meeting City Code: Leicester LE3 5DE Authorised by: K Kooner Director 19/05/00 Last day for proxy: 22/06/00 Proxy address: The Old Mill 9 Soar Lane Leicester LE3 5DE Liquidators: Firm Name: HKM Harlow Khandhia Mistry Address: The Old Mill 9 Soar Lane Leicester LE3 5DE VEGA TECHNOLOGY: Notice of Creditors Meeting ------------------------------ Company Name: Vega Technology Ltd Other name: IA 1986 Section: 23 Creditors Meeting Time: 10.30 am Meeting date: 23/06/00 Meeting address: Forte Posthouse Cartwright Drive Meeting City Code: Fareham Authorised by: Administrator Last day for proxy: 22/06/00 Proxy address: St Alphage House 2 Fore Street London EC2Y 5DH Liquidators: Firm Name: Hacker Young Address: St Alphage House 2 Fore Street London EC2Y 5DH S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter Europe is a daily newsletter co- published by Bankruptcy Creditors' Service, Inc., Trenton, NJ, and Beard Group, Inc., Washington, DC. Peter A. Chapman and Sharon Cuarto, Editors. Copyright 2000. All rights reserved. ISSN 1529-2754. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR Europe subscription rate is $575 per half-year, delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Christopher Beard at 301/951-6400. * * * End of Transmission * * *