/raid1/www/Hosts/bankrupt/TCREUR

/raid1/www/Hosts/bankrupt/TCREUR_Public/051228.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 Wednesday, December 28, 2005, Vol. 6, No. 257 Headlines B U L G A R I A DSK BANK: Moody's Mulls Rating Upgrade PIRAEUS EUROBANK: Moody's Reviews Ratings for Upgrade C Z E C H R E P U B L I C CZECH AIRLINES: Cuts Dubai Flights; Suspends Sri Lanka Service VSEOBECNA ZDRAVOTNI: Audit Results Out January F R A N C E BULL S.A.: Carries out Share Consolidation LANSON INTERNATIONAL: Owners Reach Deal with Boizel Chanoine G E R M A N Y ANDREAS FORSTREUTER: Creditors Meeting Set March AUTOHAUS STANKE: Succumbs to Bankruptcy DAIMLERCHRYSLER AG: Mercedes Recalls 61,000 C-Class Sedans DRITTE NAUTIRA: Creditors' Claims Due February ELOP DRESDEN: Court Calls in Administrator from HWW ERKO-GRUNDSTUECKS: Under Bankruptcy Administration GIESE GMBH: Claims Filing Period Ends January 11 GREUTER & KERSCHER: Fuerth Company Goes Bust GSS GEMINI: Proofs of Claim Due Next Month HANTZSCH-BAUUNTERNEHMEN: Court Names HWW Administrator KUKA ROBOTER: Cutting Sites, Jobs Next Year PFLEIDERER AG: Exclusivity Agreement with Vossloh Expires SCHEWE BAU: Derra, Meyer & Partner Takes over SKS - AUSBAUSYSTEME: Creditors to Meet March STEINBACHER UND SCHWARZ: Creditors' Claims Due February ZWEITE NAUTIRA: Bremen Court Calls in Administrator K Y R G Y Z S T A N AEAN LEGAL: Sets Proofs of Claim Deadline AK-ORGO-SERVICE: Creditors' Claim Due February JBI-20: Public Auction Set January 10 N E T H E R L A N D S ROYAL SHELL: Bids for LPG Biz Fall Short; Sale may be Scrapped ROYAL SHELL: Pumps up Global LNG Portfolio R U S S I A AGRO-MINERAL: Court Appoints Insolvency Manager AZOV-K: Bankruptcy Hearing Resumes January 25 BUILDING ASSEMBLY: Under Bankruptcy Supervision GAZPROMBANK: Financial Strength Raised to D- KUZNETSKIY FACTORY: Undergoes Bankruptcy Supervision Procedure METALLIST: Declared Insolvent MINE KOTUY: Insolvency Manager Takes over Helm MIXI-CERAMICS: Succumbs to Bankruptcy PROMSVYAZ FINANCE: Ratings Upgraded to Ba3/D- RAZREZ-COAL HOLDING: Falls under Bankruptcy Supervision SEVER-SPETS-REMONT: Bankruptcy Hearing Set January 16 VYKSA-METALLURG-STROY: Claims Filing Period Ends January 8 U K R A I N E GALICHTSUKOR: Claims Deadline Expires Tomorrow KRASNOGRAD FOOD: Court Appoints Liquidator PRESTIGE: Declared Insolvent RENTA: Gives Creditors Until Tomorrow to File Claims STRIMTEKS: Insolvency Manager Steps in SUMIAGROTEHSERVICE: Court Grants Debt Moratorium TRANS-SV: Succumbs to Insolvency TYAZHPROMKOMPLEKT: Creditors' Claims Due Thursday U N I T E D K I N G D O M A1 COMPANY: Calls in Liquidator from Berley ARLESTON LIMITED: Claims Deadline January 9 BAL NOMINEES: Appoints Deloitte & Touche Liquidator COLEMAN-COHEN: Hires Begbies Traynor as Liquidator FISHER MANAGEMENT: Files for Liquidation FRIEDRICH KOCKS: Names Sutcliffe & Co. Liquidator GEO. LINNECOR: Hires Begbies Traynor to Liquidate Business GROBY LIMITED: Gives Creditors Until January 5 to File Claims HOUSING ORGANISATION: Liquidators Move in IGE HEALTHCARE: Claims Deadline Expires December 31 INTERNATIONAL MEDICAL: Names Geoffrey Martin & Co. Liquidator JARVIS PLC: Prismo Unit Wins GBP600,000 Contract K9 MEDIA: Claims Filing Period Ends Tomorrow MISYS PLC: Banking Systems Unit to Boost Asian Presence OFFERTON HOLDINGS: Calls in Deloitte & Touche Liquidator PRIORY MRI: Hires Poppleton & Appleby Liquidator RBQ MANAGEMENT: Liquidator from Oury Clark Enters Firm ********* =============== B U L G A R I A =============== DSK BANK: Moody's Mulls Rating Upgrade -------------------------------------- Moody's Investors Service has placed on review for upgrade the Ba1/Not-Prime long- and short-term foreign currency deposit ratings of DSK Bank plc. This action follows placing of Bulgaria's Ba1 and Not-Prime foreign currency deposit ceilings on review for possible upgrade. The bank's other ratings remain unaffected by this action. Moody's states that ceilings for such deposits in Bulgaria constrain the ratings of DSK Bank at the Ba1/Not-Prime level, and therefore move in line with these ceilings. The long-term foreign currency deposit ratings of DSK Bank and Piraeus Eurobank are pushed up to the Ba1 ceiling because of the high likelihood of support from parent OTP Bank (Hungary), rated A1/Prime-1/B-. Headquartered in Sofia, DSK Bank plc had total assets of BGL3,966 million (EUR2.028 billion) in June 2005. CONTACT: MOODY'S INVESTORS SERVICE CYPRUS LIMITED (LIMASSOL) Mardig Haladjian, General Manager Financial Institutions Group Phone: (Journalists) 44 20 7772 5456 (Subscribers) 44 20 7772 5454 George Chrysaphinis, Asst Vice President - Analyst Financial Institutions Group Phone: (Journalists) 44 20 7772 5456 (Subscribers) 44 20 7772 5454 PIRAEUS EUROBANK: Moody's Reviews Ratings for Upgrade ----------------------------------------------------- Moody's Investors Service has placed on review for upgrade the Ba1/Not-Prime long- and short-term foreign currency deposit ratings of Piraeus Eurobank AD. This action follows placing of Bulgaria's Ba1 and Not-Prime foreign currency deposit ceilings on review for possible upgrade. The bank's other ratings remain unaffected by this action. Moody's states that ceilings for such deposits in Bulgaria constrain the ratings of Piraeus Eurobank at the Ba1/Not-Prime level, and therefore move in line with these ceilings. The long-term foreign currency deposit ratings of Piraeus Eurobank are pushed up to the Ba1 ceiling because of the high likelihood of support from parent Piraeus Bank S.A. (Greece), rated Baa1/Prime-2/C-). Headquartered in Sofia, Piraeus Eurobank AD had total assets of BGL473 million (EUR241.87 million) in June 2005. CONTACT: MOODY'S INVESTORS SERVICE CYPRUS LIMITED (LIMASSOL) Mardig Haladjian, General Manager Financial Institutions Group Phone: (Journalists) 44 20 7772 5456 (Subscribers) 44 20 7772 5454 George Chrysaphinis, Asst. Vice President - Analyst Financial Institutions Group Phone: (Journalists) 44 20 7772 5456 (Subscribers) 44 20 7772 5454 =========================== C Z E C H R E P U B L I C =========================== CZECH AIRLINES: Cuts Dubai Flights; Suspends Sri Lanka Service -------------------------------------------------------------- Czech Airlines A.S. (CSA) will reduce in May 2006 the number of flights from Prague to Dubai to three times weekly from four, Pravo says. According to Jakub Kolar, CSA's director for countries in the Gulf region, the reduction was due to Czech Republic's very strict visa policy towards Arab countries. CSA will also suspend flight to Sri Lanka due to a significant decline in number of tourist going to the country after the tsunami incident in December 2004. The carrier recently decided to end flights to Baku, Azerbaijan on Jan. 6, 2005 as part of a program to abandon flights to the West to concentrate on destinations in the East, where markets are fairly small, but steadily growing. Czech Airlines reported a loss of CZK464 million, instead of an expected CZK177 million profit in the first half due to high fuel prices. It now expects a loss for the full year of between CZK350 million and CZK550 million, and not a profit of CZK522 million as projected. CONTACT: CESKE AEROLINIE A.S. Prague Ruzyni Airport 160 08 Prague, 6, Czech Republic Phone: +42 220 104 310 Fax: +42 224 81 04 26 Web site: http://www.csa.cz VSEOBECNA ZDRAVOTNI: Audit Results Out January ---------------------------------------------- The Health Ministry has until January 11, 2006 to submit the result of its audit on Vseobecna zdravotni Pojistovna Ceske Republiky (The General Health Insurance Company, VZP), Czech News Agency says. On that day, the Chamber of Deputies Commission of Investigation will also meet to discuss the report and may grill members of the auditing team, Commission chair Jozef Kubinyi said. Later in April, the Commission will look into the alleged mismanagement at VZP, which accordingly caused its debt to balloon. The Health Ministry placed VZP under forced administration on Nov. 10 and appointed Antonin Pecenka administrator. VZP, which operates on an annual budget of CZK200 billion, has racked up debt of CZK14 billion. The ministry blames it on the poor performance of outgoing director Jirina Musilkova. She leaves on January 1, 2006. CONTACT: VSEOBECNA ZDRAVOTNI POJISTOVNA CESKE REPUBLIKY Orlicka 4/2020 130 00 Praha 3 Phone: 221 751 111 E-mail: info@vzp.cz Web site: http://www.vzp.cz =========== F R A N C E =========== BULL S.A.: Carries out Share Consolidation ------------------------------------------ In accordance with commitments made earlier this year, the consolidation of Bull S.A. shares has been implemented from Monday, December 19, 2005 as of market open. This consolidation involves: (a) consolidation parity: exchange of 10 old shares against 1 new share; (b) quantity of shares to be consolidated: 967,857,990 with a EUR0.01 nominal value; (c) quantity of new shares to be created by the consolidation: 96,785,799 with a EUR0.10 nominal value; (d) trading place of shares to be consolidated: Eurolist B, Euronext Paris; (e) ISIN code of shares to be consolidated: FR0000052607; and (f) ISIN code of post consolidation shares: FR0010266601. The consolidation will happen automatically for each lot of 10 old shares. Shareholders who did not have a quantity of old shares corresponding to a multiple of 10 will be responsible for dealing with leftover shares. Old shares will remain listed until December 19, 2007. At the end of the two-year period, post consolidation shares corresponding to any shares that have not been consolidated will be sold automatically. The proceeds of the sale will be redistributed to indemnify holders of non-consolidated shares. In case this repayment is not immediately feasible, the corresponding amount will be held for a period of 10 years by Credit Agricole Investor Services (CAIS) CT, 14, rue Rouget de Lisle, 92130 Issy-les-Moulineaux Cedex 9, in an account for the benefit of the shareholder. About the Company Bull designs and develops servers, software and services for an open environment, integrating the most advanced technologies. It implemented a three-step turnaround plan in 2002 after being hurt by steadily declining revenues since 1997. Its position deteriorated owing to the stock market crisis affecting technology stocks, the crisis in the Internet sector and the collapse of telecommunications markets. Restructuring In 2004, the last and essential steps of the recapitalization process were completed. The market operations launched in June 2004 (capital increase, and Oceane bonds public exchange offer) were successfully carried out allowing Bull to raise EUR61 million. On December 1, 2004 the European Commission approved the EUR517 million restructuring aid proposed by the government. Bull received the amount on January 14 this year. This aid is tied to a profit sharing agreement under the terms of which Bull will pay the French State 23.5% of the consolidated profit before tax exceeding EUR10 million for 8 years. The payment of this aid was subject to Bull's reimbursement of a shareholder advance of the same amount (capital & interests) granted by the French State in 2001 and 2002 and converted in March 2004 into a subordinated loan. This reimbursement took place in January 2005. The recapitalization of Bull is now complete. Status to date The action plan launched in 2002 helped Bull record its first six months of growth since 1999 in July. It reported net income of EUR9.4 million. It hopes to bring its Italian operations to breakeven at the end of 2005. In February, Standard & Poor's Ratings Services revised its outlook on Bull to positive from stable, primarily reflecting the sequential stabilization, in second-half 2004, of the company's business performance, including revenues and EBIT, growing bookings, and rising free cash flow. At the same time, Standard & Poor's affirmed its 'B-' long-term corporate credit rating on the group. CONTACT: BULL S.A. Anne-Marie Jourdain rue Jean Jaures 78340 Les Clayes sous Bois France Phone: +33(0)1 30 80 32 52 E-mail: anne-marie.jourdain@bull.net Web site: http://www.bull.com/fr LANSON INTERNATIONAL: Owners Reach Deal with Boizel Chanoine ------------------------------------------------------------ The Boizel Chanoine Champagne (BCC) will acquire debt-laden Lanson International, Les Echos says. After more than a week of exclusive talks, BCC will acquire the 44% stake of Caisse Nationale des Caisses d'Epargne et de Prevoyance (CNCE) and the 56% holdings of majority owner Mora family. CNCE approved the sale Thursday. BCC had bid for Lanson, offering EUR120 million, but withdrew the offer along with Jean-Claude Darmon, leaving Capital Butler the sole bidder. Butler, however, withdrew after the Mora family and CNCE refused to open its accounts for review. In addition, grape growers had refused to guarantee supply to Lanson. Meanwhile, Lanson employees staged Monday a demonstration outside CNCE's head office, calling on the group to fulfill its promise to keep track of the champagne maker's development. Lanson is the country's second-largest champagne producer by volume. It has been up for sale since June. Set up in 1760, Lanson manufactures Champagne Lanson, Besserat de Bellefon and Gauthier. The group has annual sales of EUR220 million and debt of EUR410 million. CONTACT: LANSON INTERNATIONAL 12 Boulevard Lundy 51100 Reims Phone: +33 (0) 3 26 78 50 50 Fax: +33 (0) 3 26 78 50 99 E-mail: info@lanson.fr Web site: http://www.lanson.fr ============= G E R M A N Y ============= ANDREAS FORSTREUTER: Creditors Meeting Set March ------------------------------------------------ The district court of Aachen opened bankruptcy proceedings against Andreas Forstreuter u. Thomas Hery GbR Internet Service on December 9. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have February 6, 2006 until to register their claims with court- appointed provisional administrator Heinrich C. Friedhoff. Creditors and other interested parties are encouraged to attend the meeting on March 7, 2006, 11:10 a.m. at the district court of Aachen, Augustastrasse 78-80, 52070 Aachen, 2. Etage, Sitzungssaal 21, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: ANDREAS FORSTREUTER U. THOMAS HERY GbR INTERNET SERVICE Goethestr. 25 A, 52064 Aachen Contact: Andreas Forstreuter Thomas Hery Elsassstrasse 90, 52068 Aachen Heinrich C. Friedhoff, Administrator Viktoriastrasse 73-75, 52066 Aachen AUTOHAUS STANKE: Succumbs to Bankruptcy --------------------------------------- The district court of Duesseldorf opened bankruptcy proceedings against Autohaus Stanke GmbH on December 14. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until February 3, 2006 to register their claims with court-appointed provisional administrator Dr. Frank Kebekus. Creditors and other interested parties are encouraged to attend the meeting on February 24, 2006, 8:30 a.m. at the district court of Duesseldorf, Hauptstelle, Muehlenstrasse 34, 40213 Duesseldorf, 3. OG Altbau, A 341, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: AUTOHAUS STANKE GmbH Buellenkothenweg 35, 40229 Duesseldorf Contact: Ursula Mahlich, Manager Dr. Frank Kebekus, Administrator Scheibenstrasse 45, 40479 Duesseldorf DAIMLERCHRYSLER AG: Mercedes Recalls 61,000 C-Class Sedans ---------------------------------------------------------- DaimlerChrysler AG's Mercedes Benz division is recalling 61,000 units of C-Class sport sedans due to defects involving the driver's side airbag. The recall, which affects the 2005-2006 models, came after the U.S. National Highway Traffic Safety Administration found the irregularities on the vehicles during government compliance testing. New driver's side air bag modules that are compatible with government rules will be installed as part of the move. Mercedes Benz spokesman Rob Moran said the automaker did not "feel this represents a risk in real-world situations, only in this clinical situation." In October, DaimlerChrysler revealed that Mercedes was recalling some 50,000 vehicles due to defective windshield wipers. The recall included Vaneo units built between April 2002 and March 2003 as well as A-Class vehicles produced between April 2002 and 2003. It affected mostly clients from Germany. Mercedes has been described a "tarnished" brand in the wake of slipups in design and engineering, which forced the division to recall 1.3 million units this year, the largest in Daimler's history. Mercedes has also seen falling profits due to model changeovers, the strong euro, and losses at its Smart venture, which has already cost the company EUR512 million. CONTACT: DAIMLERCHRYSLER AG 70546 Stuttgart, Germany Phone: +49 711 17 0 Fax: +49 711 17 22244 Web site: http://www.daimlerchrysler.com DRITTE NAUTIRA: Creditors' Claims Due February ---------------------------------------------- The district court of Bremen opened bankruptcy proceedings against Dritte Nautira Schiffahrtsgesellschaft mbH & Co. Kommanditgesellschaft on December 7. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until February 14, 2006 to register their claims with court-appointed provisional administrator Dr. Jochen Orgelmann. Creditors and other interested parties are encouraged to attend the meeting on January 26, 2006, 11:15 a.m. at the district court of Bremen, Saal 115, Gerichtshaus (Neubau), Ostertorstr. 25-31, 28195 Bremen, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report on March 9, 2006, 10:15 a.m. at the same venue. CONTACT: DRITTE NAUTIRA SCHIFFAHRTSGESELLSCHAFT mbH & Co. KOMMANDITGESELLSCHAFT Contrescarpe 4, 28203 Bremen Rolf Bastian, Administrator Christernstrasse 14 a, 28307 Bremen ELOP DRESDEN: Court Calls in Administrator from HWW --------------------------------------------------- The district court of Dresden opened bankruptcy proceedings against elop dresden GmbH training.engineering. on November 29. Consequently, all pending proceedings against the company have been automatically stayed. Creditors had until December 27, 2005 to register their claims with court-appointed provisional administrator Ulrich Kraft. Creditors and other interested parties are encouraged to attend the meeting on February 7, 2006, 10:00 a.m. at the district court of Dresden, Saal D132, Olbrichtplatz 1, 01099 Dresden, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: ELOP DRESDEN GmbH TRAINING.ENGINEERING. Zur Wetterwarte 10, Haus 107, 01109 Dresden Contact: Georg Kronbichler, Manager Paul-Eipper-Weg 7, 82166 Grafelsing Ulrich Kraft, Administrator HWW Wienberg Wilhelm Wasastrasse 15, 01219 Dresden Web site: http://www.hww-kanzlei.de ERKO-GRUNDSTUECKS: Under Bankruptcy Administration -------------------------------------------------- The district court of Halle-Saalkreis opened bankruptcy proceedings against ERKO-Grundstuecks- und Wohnungsverwaltungsgesellschaft mbH on December 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until January 23, 2006 to register their claims with court-appointed provisional administrator Thomas Jacobs. Creditors and other interested parties are encouraged to attend the meeting on February 20, 2006, 9:00 a.m. at the district court of Halle-Saalkreis, Saal 1.044, Justizzentrum, Thueringer Str. 16, 06112 Halle, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: ERKO-GRUNDSTUECKS- UND WOHNUNGSVERWALTUNGSGESELLSCHAFT mbH Weinbergstrasse 37, 06712 Zeitz (HRB 7939) Contact: Heinz-Holger Theilig, Manager Thomas Jacobs, Administrator Tieckstrasse 3, 04275 Leipzig Phone: 0341/303850 Fax: 0341/3038511 GIESE GMBH: Claims Filing Period Ends January 11 ------------------------------------------------ The district court of Halle-Saalkreis opened bankruptcy proceedings against Giese GmbH on November 18. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until January 11, 2006 to register their claims with court-appointed provisional administrator Dr. Dieter Kuehne. Creditors and other interested parties are encouraged to attend the meeting on February 8, 2006, 9:15 a.m. at the district court of Halle-Saalkreis, Saal 1.043, Justizzentrum, Thueringer Str. 16, 06112 Halle, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: GIESE GmbH Dresdner Strasse 21, 06132 Halle Contact: Juergen Hans Peter Giese, Manager Eubacher Str. 21, 34286 Spangenberg Dr. Dieter Kuehne, Administrator Walter-Kohn-Strasse 1b, D-04356 Leipzig Phone: 0341/339890 Fax: 0341/3398929 GREUTER & KERSCHER: Fuerth Company Goes Bust -------------------------------------------- The district court of Fuerth opened bankruptcy proceedings against Greuter & Kerscher GmbH on December 7. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until January 16, 2006 to register their claims with court-appointed provisional administrator Joachim Exner. Creditors and other interested parties are encouraged to attend the meeting on February 20, 2006, 9:00 a.m. at the district court of Fuerth, Zi. 216/II, Dienstgebaude, Baumenstrasse 28, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: GREUTER & KERSCHER GmbH Boxdorfer Str. 2 in 90765 Fuerth Joachim Exner, Administrator Stahlstrasse 17, 90411 Nuernberg Phone: 0911/9512850 Fax: 0911/95128510 GSS GEMINI: Proofs of Claim Due Next Month ------------------------------------------ The district court of Braunschweig opened bankruptcy proceedings against GSS Gemini Security Service GmbH on December 6. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until January 30, 2006 to register their claims with court-appointed provisional administrator Joachim Hausherr. Creditors and other interested parties are encouraged to attend the meeting on February 22, 2006, 9:00 a.m. at the district court of Braunschweig, An der Martinikirche 8, 38100 Braunschweig, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: GSS GEMINI SECURITY SERVICE GmbH Neue Strasse 26, 38100 Braunschweig Contact: Stefan Buck, Manager Eichendorffstrasse 24, 38364 Schoningen Joachim Hausherr, Administrator Bruchtorwall 6, 38100 Braunschweig Phone: 0531/2448020 Fax: 0531/2448080 HANTZSCH-BAUUNTERNEHMEN: Court Names HWW Administrator ------------------------------------------------------ The district court of Dresden opened bankruptcy proceedings against HANTZSCH-Bauunternehmen Karl Abbel GmbH Hoch- und Tiefbau on December 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until January 6, 2006 to register their claims with court- appointed provisional administrator Ulrich Kraft. Creditors and other interested parties are encouraged to attend the meeting on February 7, 2006, 10:30 a.m. at the district court of Dresden, Saal D132, Olbrichtplatz 1, 01099 Dresden, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: HANTZSCH-BAUUNTERNEHMEN KARL ABBEL GmbH HOCH- UND TIEFBAU Lohmener Strasse 12B in 01796 Pirna-Copitz Contact: Karl Abbel, Manager Lohmener Strasse 12B, 01796 Pirna-Copitz Ulrich Kraft, Administrator HWW Wienberg Wilhelm Wasastrasse 15, 01219 Dresden Web site: http://www.hww-kanzlei.de KUKA ROBOTER: Cutting Sites, Jobs Next Year ------------------------------------------- Kuka Roboter GmbH, robotics unit of engineering group IWKA, will shut down in mid-2006 three production sites and slash 191 of its 1,284 employees, Borsen Zeitung says. The group will close its Weingarten, Goppingen, and Gunzburg/Ichenhausen sites and transfer production to plants in Augsburg and Gersthofen. The group will also start focusing on robots for the other industrial sectors aside from the car industry. According to Borsen Zeitung, the group has been suffering from falling book orders due to declining investment from the car industry. Kuka saw its EUR23.3 million nine-month profits dwindle to - EUR2.3 million. For the first nine months, turnover fell 36.6% year-on-year to EUR182.6 million while order bookings dropped by 23.9% to EUR196.3 million. Due to the group's dismal performance, U.S. investor Guy Wyser-Pratte, who reportedly owns more than 7% of IWKA, has set aside his plans to transform Kuka into a robot technology specialist. He has agreed to keep the group's packaging technology operations, Borsen Zeitung said. Kuka Roboter GmbH is considered one of the world's leading makers of industrial robots. The company's core competencies are the development, production and sales of industrial robots, controllers, software and linear units. Kuka is the market leader in both Germany and Europe and ranks third worldwide. The Kuka Robot Group has over 20 subsidiaries and employs 1,650 people in Europe, U.S.A. and Asia. CONTACT: KUKA ROBOTER GmbH Zugspitzstrasse 140 D-86165 Augsburg Phone: +49 (0) 821/797-4000 Fax: +49 (0) 821/797-1616 E-mail: info@kuka-roboter.de Web site: http://www.kuka-roboter.de PFLEIDERER AG: Exclusivity Agreement with Vossloh Expires --------------------------------------------------------- The German anti-trust authority (Bundeskartellamt) has expressed serious reservations during the authorization procedure for the takeover of the Pfleiderer AG's (ISIN DE0006764749) business segment track systems by Vossloh AG (ISIN DE0007667107). Hence for Pfleiderer AG's Board of Management there is serious doubt as to whether the transaction with Vossloh AG can be concluded in the near future. As a result, the contractually agreed exclusivity with Vossloh AG will expire at the end of 2005. The contract with Vossloh AG can be rescinded by Pfleiderer AG at any time from January 1, 2006 onwards. In January 2006, Pfleiderer AG will be restarting talks with other potential purchasers who have since expressed their interest. The business segment track systems achieved operating results for the current fiscal year well in excess of expectations. * * * As reported by TCR-Europe in July, Fitch Ratings affirmed Pfleiderer's (ISIN DE0006764749) Senior Unsecured 'BB' rating and removed it from Rating Watch Negative (RWN). A Stable Outlook has been assigned. The Short-term 'B' rating is also affirmed. The rating action follows Pfleiderer's announcement to acquire Kunz Group's engineered wood activities in Canada, the United States and Germany. In FY04, the acquired activities had total sales of EUR556 million and EBITDA of EUR85 million. The transaction is expected to close in August/September and subject to regulatory approval. CONTACT: PFLEIDERER AG Ingolstadter Strasse 51 93218 Neumarkt Deutschland Head of Corporate Communication Mr. Richard Berg Phone: + 49 (0) 91 81 / 28 - 80 44 Fax: + 49 (0) 91 81 / 28 - 606 E-mail: richard.berg@pfleiderer.com SCHEWE BAU: Derra, Meyer & Partner Takes over --------------------------------------------- The district court of Dresden opened bankruptcy proceedings against Schewe Bau GmbH on December 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until January 10, 2006 to register their claims with court-appointed provisional administrator Gunter Tarkotta. Creditors and other interested parties are encouraged to attend the meeting on February 21, 2006, 9:30 a.m. at the district court of Dresden, Saal D131, Olbrichtplatz 1, 01099 Dresden, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: SCHEWE BAU GmbH Enderstr. 59 in 01277 Dresden Gunter Tarkotta, Administrator Derra, Meyer & Partner Konigsbruecker Str. 61, 01099 Dresden Web site: http://www.derra.de SKS - AUSBAUSYSTEME: Creditors to Meet March -------------------------------------------- The district court of Cottbus opened bankruptcy proceedings against sks - Ausbausysteme GmbH on December 13. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until January 25, 2006 to register their claims with court-appointed provisional administrator Thomas Krafft. Creditors and other interested parties are encouraged to attend the meeting on March 2, 2006, 10:00 a.m. at the district court of Cottbus, Gerichtsplatz 2, 03046 Cottbus, Saal 313, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report during this meeting, while creditors may constitute a creditors committee and or opt to appoint a new insolvency manager. CONTACT: SKS - AUSBAUSYSTEME GmbH Contact: Frau Jutta Conrad, Manager Am Schiessplatz 13, 01968 Schipkau/OT Horlitz Thomas Krafft, Administrator Jagerallee 37 H, 14469 Potsdam STEINBACHER UND SCHWARZ: Creditors' Claims Due February ------------------------------------------------------- The district court of Fuerth opened bankruptcy proceedings against Steinbacher und Schwarz Tief- und Kabelleitungsbau GmbH on December 6. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until February 8, 2006 to register their claims with court- appointed provisional administrator Prof. Dr. Reinhard Urbanczyk. Creditors and other interested parties are encouraged to attend the meeting on January 23, 2006, 9:30 a.m. at the district court of Fuerth, Zi. 216/II, Dienstgebaude, Baumenstrasse 28, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report on March 20, 2006, 9:30 a.m. at the same venue. CONTACT: STEINBACHER UND SCHWARZ TIEF- UND KABELLEITUNGSBAU GmbH Kornstr. 4 in 90763 Fuerth Prof. Dr. Reinhard Urbanczyk, Administrator Leipziger Platz 21, 90491 Nuernberg Phone: 0911/88180260 Fax: 0911/88180266 ZWEITE NAUTIRA: Bremen Court Calls in Administrator --------------------------------------------------- The district court of Bremen opened bankruptcy proceedings against Zweite NAUTIRA Schiffahrtsgesellschaft mbH & Co. Kommanditgesellschaft on December 7. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until February 14, 2006 to register their claims with court-appointed provisional administrator Dr. Jochen Orgelmann. Creditors and other interested parties are encouraged to attend the meeting on January 26, 2006, 11:15 a.m. at the district court of Bremen, Saal 115, Gerichtshaus (Neubau), Ostertorstr. 25-31, 28195 Bremen, at which time the administrator will present his first report of the insolvency proceedings. The court will also verify the claims set out in the administrator's report on March 9, 2006, 10:15 a.m. at the same venue. CONTACT: ZWEITE NAUTIRA SCHIFFAHRTSGESELLSCHAFT mbH & Co. KOMMANDITGESELLSCHAFT Contrescarpe 4, 28203 Bremen Contact: Rolf Bastian, Manager Christernstrasse 14 a, 28307 Bremen Dr. Jochen Orgelmann, Administrator Schillerstr. 10, 28195 Bremen Phone: 0421/337790 Fax: 0421/3377933 =================== K Y R G Y Z S T A N =================== AEAN LEGAL: Sets Proofs of Claim Deadline ----------------------------------------- LLC Aean Legal Service (INN 02611200310146), which recently became insolvent, will accept proofs of claim until February 6, 2006. Call (0-312) 65-92-28 for more information. AK-ORGO-SERVICE: Creditors' Claim Due February ---------------------------------------------- LLC Ak-Orgo-Service (INN 02609200110183, code OKPO 22854553), which recently became insolvent, will accept proofs of claim at Bishkek, Erkindik Ave. 63/83 until February 6, 2006. Call (0- 312) 68-02-00 for more information. JBI-20: Public Auction Set January 10 ------------------------------------- The Subdivision Service of the Court Officers of Osh will auction CJSC JBI-20's properties on January 10, 2006, 2:00 p.m. at Osh, Ashimhanov Str. 7, City Court of Osh. For sale are six lots of technical equipment, finished concrete products, buildings and constructions. To participate, bidders are required to deposit an amount equivalent to 5% of the starting price to the settlement account 8384172080101002, personal account 701804405, MFO 330608838, at Branch of the Settlement and Saving Company in Osh on or before January 9, 2006. CONTACT: J. Shermatov Bidding organizer Phone: (0-3222) 3-60-92 ===================== N E T H E R L A N D S ===================== ROYAL SHELL: Bids for LPG Biz Fall Short; Sale may be Scrapped -------------------------------------------------------------- Bids for Royal Dutch Shell's Liquefied Petroleum Gas unit are EUR1 billion (GBP685 million) lower than the company expects, reports The Telegraph. The slow-paced auction, which started in September 2004, has seen the exit of Blackstone, Goldman Sachs and Kohlberg Kravis Roberts, cutting the number of bidders to three. Last week, BC Capital, a consortium of Bain Capital and PAI Partners, and Spain-based Repsol YPF tabled their final offers, which were believed to have been under EUR1.5 billion (GBP1.03 billion). Shell had hoped to pocket EUR2.5 billion for the business, but a sharp downturn in the LPG industry has prompted sources to consider even EUR1.5 billion too high a price. The unit's declining underlying earnings didn't help either. "It is not a EUR2.5 billion business, although Repsol has been known to overpay in the past. If Shell had the choice, they would probably not sell to a competitor," one source told the Telegraph. While Repsol had already acquired Shell's LPG unit in Portugal for EUR100 million, the sale of the entire business may be subject to inquiry by the European Commission. Shell, meanwhile, has refused to say whether the bids are too low. A spokesman said: "The process is on track but we are not commenting on bidders or the process. We will take a decision if the values offered are sufficiently high in order to go ahead with this divestment." If the offers fail to satisfy Shell, the company could leave the unit, which employs over 3,000 people, as a stand-alone business after spending the past year restructuring it. A decision is expected early next year. CONTACT: ROYAL DUTCH/SHELL GROUP OF COMPANIES Carel van Bylandtlaan 30 2596 HR The Hague The Netherlands Phone: +31 70 377 9111 Fax: +31 70 377 3115 Web site: http://www.shell.com BAIN CAPITAL, LLC 111 Huntington Ave. Boston MA 02199 Phone: 617-516-2000 Fax: 617-516-2010 Web site: http://www.baincapital.com PAI PARTNERS 43 avenue de l'Opera 75002 Paris, France Phone: +33-1-55-77-91-01 Fax: +33-1-55-77-91-43 Web site: http://www.paimanagement.com REPSOL YPF, S.A. Paseo de la Castellana, 278 28046 Madrid, Spain Phone: +34-91-348-80-00 Fax: +34-91-348-28-21 Web site: http://www.repsol-ypf.com ROYAL SHELL: Pumps up Global LNG Portfolio ------------------------------------------ Royal Dutch Shell plc has unveiled two major additions to its global Liquefied Natural Gas (LNG) portfolio. In Qatar, the company joined forces with Qatar Petroleum (QP) in the development of the large-scale Qatargas 4 LNG project, while in the United States Shell agreed to acquire additional capacity at the Elba Island LNG import terminal in Georgia. Speaking from Doha in Qatar at the award of the Engineering, Procurement and Construction (EPC) contract for the Qatargas 4 project, Linda Cook, Shell executive director of Gas and Power, said: "We are honored to join Qatar Petroleum in partnership for the Qatargas 4 LNG venture. The project will contribute to Shell's goal of growing our natural gas production and reserves position, as well as to increased security and diversity of natural gas supply to North America." Qatargas 4 is Shell's seventh global LNG supply project and reaffirms the company's leadership position among international oil companies in the global LNG business. An integrated upstream and LNG project, Qatargas 4 will produce 1.4 billion cubic feet per day of natural gas, including an average of approximately 70 thousand barrels per day of associated natural gas liquids from Qatar's North Field over the 25-year life of the project. The project also includes a 7.8 million tonnes-per-annum (mtpa) liquefaction plant and related LNG shipping capability. Qatargas 4 is a joint venture between Qatar Petroleum (70%) and Shell (30%). The majority of the LNG will be delivered to the growing natural gas market in North America. LNG deliveries are expected to commence around the end of the decade. Shell's LNG equity sales in 2004 were 10.15 million tonnes from projects in Nigeria, Malaysia, Brunei, Oman and Australia. Three new LNG trains are currently nearing start-up, within budget and schedule expectations, in Oman and Nigeria. Good construction progress is being made on additional new trains in Australia, Russia and Nigeria for start up in the coming years. Now, with the addition of Qatargas 4, Shell's equity LNG production capacity is expected to approximately double by the end of the decade. Shell also announced that it has reached agreement with Southern LNG Inc., a wholly owned subsidiary of El Paso Corporation's Southern Natural Gas Company (SNG), to acquire additional capacity at the Elba Island LNG import terminal in Georgia in the United States. In addition Shell has reached agreement with Elba Express Pipeline Company LLC, a wholly owned subsidiary of SNG, to acquire capacity in a new natural gas pipeline. Both projects will be filed with the U.S. Federal Energy Regulatory Commission (FERC) for approval in the third quarter of 2006. The intention is that this capacity will be utilized to import Qatargas 4 volumes into natural gas markets in the eastern United States. The deal with El Paso will further strengthen Shell's LNG import position in North America. In addition to Elba Island, Shell has capacity rights at the existing Cove Point LNG terminal in Maryland and in the Altamira LNG terminal under construction on Mexico's east coast. Shell also has capacity rights at the Energia Costa Azul terminal currently under construction on the Pacific coast of Mexico. LNG supplies for these projects are planned from Shell's portfolio of existing and future LNG projects. Linda Cook added: "With global demand for LNG expected to double this decade, the addition of Qatargas 4 and additional Elba Island capacity to Shell's global portfolio of LNG assets will further strengthen our leading industry position in this exciting sector." About the Company Royal Dutch Shell plc, incorporated in England and Wales, is headquartered in The Hague and listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 145 countries with businesses including oil and gas exploration and production; production and marketing of Liquefied Natural Gas and Gas to Liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects including wind and solar power. The Trouble Shell admitted overstating proved reserves by almost 6 billion barrels between January 2004 and February this year. This led to the ouster of three top executives, including former Chairman Philip Watts. The company was fined EUR150 million in total after investigations launched by U.S. and British regulators. Shell has since revised the method by which it calculates reserves to comply with U.S. regulations. Shell's proved reserves stood at 10.2 billion barrels at the end of 2004. CONTACT: ROYAL DUTCH/SHELL GROUP OF COMPANIES Carel van Bylandtlaan 30 2596 HR The Hague The Netherlands Phone: +31 70 377 9111 Fax: +31 70 377 3115 Web site: http://www.shell.com =========== R U S S I A =========== AGRO-MINERAL: Court Appoints Insolvency Manager ----------------------------------------------- The Arbitration Court of Orel region has commenced bankruptcy supervision procedure on limited liability company Agro-Mineral. The case is docketed as A48-6022/05-17b. Mr. A. Volchkov has been appointed temporary insolvency manager. A hearing will take place on January 27, 2006. CONTACT: AGRO-MINERAL Russia, Orel region, Uritskiy region, Naryshkino, Lenina Str. 158 A. VOLCHKOV Temporary Insolvency Manager 302004, Russia, Orel region, 9rd Kurskaya Str. 15 THE ARBITRATION COURT OF OREL REGION 302021, Russia, Orel region, S-Shedrina Str. 22 AZOV-K: Bankruptcy Hearing Resumes January 25 --------------------------------------------- The Arbitration Court of Moscow region has commenced bankruptcy supervision procedure on close joint stock company Azov-K. The case is docketed as A14-K2-2150/05. Mr. V. Podkorytov has been appointed temporary insolvency manager. Creditors may submit their proofs of claim to 111250, Russia, Moscow, Krasnokazarmennaya Str. 9. A hearing will take place on January 25, 2006, 10:15 a.m. CONTACT: AZOV-K 142181, Russia, Moscow region, Klimovsk, Zavodskaya Str. 2 V. PODKORYTOV Temporary Insolvency Manager 111250, Russia, Moscow region, Krasnokazarmennaya Str. 9 BUILDING ASSEMBLY: Under Bankruptcy Supervision ----------------------------------------------- The Arbitration Court of Kareliya republic has commenced bankruptcy supervision procedure on CJSC Building Assembly Enterprise-2. The case is docketed as A26-8254/2005-13. Mr. N. Topparev has been appointed temporary insolvency manager. Creditors may submit their proofs of claim to 185002, Russia, Kareliya republic, Petrozavodsk, Chkalova Str. 48-39. A hearing will take place on February 15, 2006. CONTACT: BUILDING ASSEMBLY ENTERPRISE-2 185005, Russia, Kareliya republic, Petrozavodsk, Pravdy Str. 29 N. TOPPAREV Temporary Insolvency Manager 185002, Russia, Kareliya republic, Petrozavodsk, Chkalova Str. 48-39 GAZPROMBANK: Financial Strength Raised to D- -------------------------------------------- Moody's Investors Service upgraded to D- from E+ the Financial Strength Rating (FSR) of Russia's Gazprombank (GPB); the bank's Baa2/Prime-2 long-term and short-term foreign currency deposits ratings as well as its Baa1 long-term senior debt rating remain unchanged. The outlook for the ratings is stable. According to Moody's, this upgrade reflects: (a) The significant improvements in Russia's operating environment with buoyant macroeconomic conditions and booming international prices for natural resources, which have increased the prosperity of the bank's customers and benefited significantly its asset quality and liquidity; (b) A downward trend in related-party lending; and (c) The bank's well-established international profile, which brings much needed diversification and improves the maturity profile of the bank's funding. Moody's notes that owing to notable interweaving of GPB's activities with those of its parent (OJSC Gazprom), both sides of the bank's balance sheet still display a high single-name and sectoral concentrations, which remains the key constraint on the bank's FSR, although still compatible with its new FSR level of D-. The bank's FSR also remains constrained by: (a) GPB's relatively weak institutional development -- including potential corporate governance issues -- and by the high dependence of the bank's strategic direction on its parent; and (b) The bank's modest recurring revenues combined with high operating costs, which translate into relatively weak core earnings. Further upward potential of the bank's FSR would be very much dependent on its ability to diversify its business away from the parent's activities, thereby securing the major part of its future growth through types of business that would not be directly or indirectly related to Gazprom Group. Headquartered in Moscow, Russian Federation, Gazprombank reported total assets of US$12.3 billion under IFRS as at end of the first half 2005. CONTACT: MOODY'S INVESTORS SERVICE LTD. (LONDON) Adel Satel, Managing Director Financial Institutions Group Phone: (Journalists) 44 20 7772 5456 (Subscribers) 44 20 7772 5454 MOODY'S INVESTORS SERVICE CYPRUS LIMITED (LIMASSOL) Dmitry Polyakov, Asst Vice President - Analyst Financial Institutions Group Phone: (Journalists) 44 20 7772 5456 (Subscribers) 44 20 7772 5454 KUZNETSKIY FACTORY: Undergoes Bankruptcy Supervision Procedure -------------------------------------------------------------- The Arbitration Court of Penza region has commenced bankruptcy supervision procedure on OJSC Kuznetskiy Factory of Condensers (TIN 5803008937, KPP 580301001). The case is docketed as A49- 6442/2005-109b/26. Mr. D. Sherban has been appointed temporary insolvency manager. A hearing will take place on March 2, 2006, 2:30 p.m. at the Arbitration Court of Penza region at 440600, Russia, Penza, GSP, Belinskogo Str. 2. CONTACT: KUZNETSKIY FACTORY OF CONDENSERS 442530, Russia, Penza region, Kuznetsk, Grazhdanskaya Str. 85 D. SHERBAN Temporary Insolvency Manager 440600, Russia, Penza region, Suvorova Str. 111A METALLIST: Declared Insolvent ----------------------------- The Arbitration Court of Vladimir region commenced bankruptcy proceedings against Metallist after finding the close joint stock company insolvent. The case is docketed as A11-839/2005- K1-20B. Mr. A. Savrasov has been appointed insolvency manager. Creditors have until January 8, 2006 to submit their proofs of claim to Russia, Vladimir region, Kovrov, Liberetskaya Str. 5A. CONTACT: METALLIST Russia, Vladimir region, Kovrov, Liberetskaya Str. 5A A. SAVRASOV Insolvency Manager Russia, Vladimir region, Kovrov, Liberetskaya Str. 5A MINE KOTUY: Insolvency Manager Takes over Helm ---------------------------------------------- The Arbitration Court of Krasnoyarsk region commenced bankruptcy proceedings against Mine Kotuy after finding the open joint stock company insolvent. The case is docketed as A33-7290/2005. Mr. Kh. Malaev has been appointed insolvency manager. Creditors have until January 8, 2006 to submit their proofs of claim to: (a) MINE KOTUY Russia, Krasnoyarsk region, Raymyrskiy (Dolgano-Nenetskiy) autonomous region, Khatangskiy region, Kayak (b) KH. MALAEV Insolvency Manager 660017, Russia, Krasnoyarsk region, Post User Box 20647 (c) THE ARBITRATION COURT OF KRASNOYARSK REGION 660021, Russia, Krasnoyarsk region, Lenina Str. 143 MIXI-CERAMICS: Succumbs to Bankruptcy ------------------------------------- The Arbitration Court of Udmurtiya republic commenced bankruptcy proceedings against Mixi-Ceramics after finding the open joint stock company insolvent. The case is docketed as A71-67/20005- G2. Mr. M. Degtyarev has been appointed insolvency manager. CONTACT: MIXI-CERAMICS Russia, Udmurtiya republic, Sarapul, Azina Str. 176 M. DEGTYAREV Insolvency Manager 426035, Russia, Udmurtiya republic, Izhevsk, Post User Box 4352 PROMSVYAZ FINANCE: Ratings Upgraded to Ba3/D- --------------------------------------------- Moody's Investors Service has upgraded to D- from E+ the Financial Strength Rating (FSR) of Russia's Promsvyazbank, and has raised the bank's long-term foreign currency deposit and senior unsecured debt ratings to Ba3 from B1. The bank's short- term deposit rating remains unchanged at Not-Prime. The outlook for the ratings is stable. According to Moody's, this upgrade reflects: (a) The bank's growing franchise and strengthening positions within the banking sector reflected in its 12th ranking in terms of total assets as of 1 October 2005 according to Interfax; (b) Its relatively good financial fundamentals; and (c) An overall improvement in the bank's operating environment. Moody's notes that Promsvyazbank's balance sheet still displays high, though declining, single-name concentrations heightening the bank's credit and liquidity risk under adverse scenarios. Although these levels are still compatible with the current Ba3/NP/D- ratings and well comparable with the bank's similarly rated peers, further diversification would be essential for the bank to attain higher ratings. Promsvyazbank's future ratings direction will also depend on: (a) Its ability to diversify its revenues and grow its earnings while cutting its reliance on the level of net interest margins; (b) The ultimate success of its branch network expansion program and ability to withstand the rising competition; and (c) Continued capital support from the bank's shareholders to fuel its rapid balance sheet growth and maintenance of its presently good financial fundamentals. Affected ratings: (a) Long-term foreign currency deposit ratings upgraded to Ba3 from B1 (b) Long-term foreign currency senior unsecured debt upgraded to Ba3 from B1 (c) The bank's FSR upgraded to D- from E+ Outlooks on all ratings are stable. Promsvyazbank, headquartered in Moscow, Russian Federation, reported total assets of US$2.5 billion under IFRS (reviewed by the auditors) as of June 30, 2005. CONTACT: MOODY'S INVESTORS SERVICE LTD. (LONDON) Adel Satel, Managing Director Financial Institutions Group Phone: (Journalists) 44 20 7772 5456 (Subscribers) 44 20 7772 5454 MOODY'S INVESTORS SERVICE CYPRUS LIMITED (LIMASSOL) Dmitry Polyakov, Asst Vice President - Analyst Financial Institutions Group Phone: (Journalists) 44 20 7772 5456 (Subscribers) 44 20 7772 5454 RAZREZ-COAL HOLDING: Falls under Bankruptcy Supervision ------------------------------------------------------- The Arbitration Court of Sakhalin region has commenced bankruptcy supervision procedure on open joint stock company Razrez-Coal Holding. The case is docketed as A59-4362/05-S16. Mr. G. Polenka has been appointed temporary insolvency manager. CONTACT: RAZREZ-COAL HOLDING 693000, Russia, Uzhno-Sakhalinsk, K. Marksa Str. 32 G. POLENKA Temporary Insolvency Manager 693020, Russia, Sakhalin region, Uzhno-Sakhalinsk, Post User Box 36 SEVER-SPETS-REMONT: Bankruptcy Hearing Set January 16 ----------------------------------------------------- The Arbitration Court of Khanty-Mansiyskiy autonomous region has commenced bankruptcy supervision procedure on close joint stock company Sever-Spets-Remont. The case is docketed as A75- 6328/2005. Mr. R. Gaynetdinov has been appointed temporary insolvency manager. Creditors may submit their proofs of claim to 628381, Russia, Tyumen region, Khanty-Mansiyskiy autonomous region - Yugra, Pyt- Yakh-1, Post User Box 38. A hearing will take place on January 16, 2006, 9:30 a.m. CONTACT: SEVER-SPETS-REMONT 628601, Russia, Khanty-Mansiyskiy autonomous region- Yugra, Nizhnevartovsk, Klubnyj Per. 150 R. GAYNETDINOV Temporary Insolvency Manager 628381, Russia, Tyumen region, Khanty-Mansiyskiy autonomous region-Yugra, Pyt-Yakh-1, Post User Box 38 VYKSA-METALLURG-STROY: Claims Filing Period Ends January 8 ---------------------------------------------------------- The Arbitration Court of Nizhniy Novgorod region commenced bankruptcy proceedings against Vyksa-Metallurg-Stroy (TIN 5247005353) after finding the open joint stock company insolvent. The case is docketed as A43-4982/2005-18-176. Mr. V. Samsonov has been appointed insolvency manager. Creditors have until January 8, 2006 to submit their proofs of claim to 603029, Russia, Nizhniy Novgorod region, Pamirskaya Str. 11. CONTACT: VYKSA-METALLURG-STROY 607060, Russia, Nizhniy Novgorod region, Vyksa, Oktyabrskoy Revolyutsii Square, 48 V. SAMSONOV Insolvency Manager 603029, Russia, Nizhniy Novgorod region, Pamirskaya Str. 11 ============= U K R A I N E ============= GALICHTSUKOR: Claims Deadline Expires Tomorrow ---------------------------------------------- The Economic Court of Ivano-Frankivsk region commenced bankruptcy proceedings against LLC Galichtsukor (code EDRPOU 32068054) on October 28, 2005 after finding the limited liability company insolvent. The case is docketed as B-16/130. Mr. Gudyak Tetyana (License Number AA 779183) has been appointed liquidator/insolvency manager. The company holds account number 2600001544469 at OJSC State Export-Import Bank of Ukraine, Ivano-Frankivsk branch, MFO 336688. Creditors have until December 29, 2005 to submit their proofs of claim to: (a) GALICHTSUKOR Ukraine, Ivano-Frankivsk region, Galitskij district, Zadnistryansk, S. Bandera Str. 1 (b) GUDYAK TETYANA Liquidator/Insolvency Manager Ukraine, Ivano-Frankivsk region, Kalush, Lesya Ukrainka Avenue 16a/106 (c) ECONOMIC COURT OF IVANO-FRANKIVSK REGION 76000, Ukraine, Ivano-Frankivsk region, Shevchenko Str. 16a KRASNOGRAD FOOD: Court Appoints Liquidator ------------------------------------------ The Economic Court of Harkiv region commenced bankruptcy proceedings against Krasnograd Food Products Plant (code EDRPOU 00380126) on November 17, 2005 after finding the close joint stock company insolvent. The case is docketed as B-39/01-04. Mr. Andrij Fedorchenko (License Number AA 779212) has been appointed liquidator/insolvency manager. Creditors have until December 29, 2005 to submit their proofs of claim to: (a) KRASNOGRAD FOOD PRODUCTS PLANT 40022, Ukraine, Harkiv region, Krasnograd, Lenin Str. 2 (b) ANDRIJ FEDORCHENKO Liquidator/Insolvency Manager 61058, Ukraine, Harkiv region, S. Gritsevtsya Str. 24/15 (c) ECONOMIC COURT OF HARKIV REGION 61022, Ukraine, Harkiv region, Svobodi Square 5, Derzhprom 8th Entrance PRESTIGE: Declared Insolvent ---------------------------- The Economic Court of Zaporizhya region commenced bankruptcy proceedings against Prestige on November 14, 2005 after finding the limited liability company insolvent. The case is docketed as 19/89. Mr. R. Kravchenko (License Number AA 783025) has been appointed liquidator/insolvency manager. Creditors have until December 29, 2005 to submit their proofs of claim to: (a) PRESTIGE 71300, Ukraine, Zaporizhya region, Kamyanko-Dniprovka, Promislova Str. 1 (b) R. KRAVCHENKO Liquidator/Insolvency Manager 71500, Ukraine, Zaporizhya region, Energodar, Skifska Str. 18/17, a/b 42 (c) ECONOMIC COURT OF ZAPORIZHYA REGION 69001, Ukraine, Zaporizhya region, Shaumyana Str. 4 RENTA: Gives Creditors Until Tomorrow to File Claims ---------------------------------------------------- The Economic Court of Dnipropetrovsk region commenced bankruptcy proceedings against Renta (code EDRPOU 32241172) on November 17, 2005 after finding the limited liability company insolvent. The case is docketed as B 24/256/05. Mr. Talan Rostislav has been appointed liquidator/insolvency manager. Creditors have until December 29, 2005 to submit their proofs of claim to: (a) RENTA 49106, Ukraine, Dnipropetrovsk region, Dobrovoltsiv Lane 3 (b) TALAN ROSTISLAV Liquidator/Insolvency Manager 49000, Ukraine, Dnipropetrovsk region, a/b 158 Phone: (056) 370-74-70 (c) ECONOMIC COURT OF DNIPROPETROVSK REGION 49600, Ukraine, Dnipropetrovsk region, Kujbishev Str. 1a STRIMTEKS: Insolvency Manager Steps in -------------------------------------- The Economic Court of Dnipropetrovsk region commenced bankruptcy proceedings against Strimteks (code EDRPOU 32287059) on November 17, 2005 after finding the limited liability company insolvent. The case is docketed as B 24/258/05. Mr. Talan Rostislav has been appointed liquidator/insolvency manager. Creditors have until December 29, 2005 to submit their proofs of claim to: (a) STRIMTEKS 49064, Ukraine, Dnipropetrovsk region, Kachalov Str. 1 (b) TALAN ROSTISLAV Liquidator/Insolvency Manager 49000, Ukraine, Dnipropetrovsk region, a/b 158 Phone: (056) 370-74-70 (c) ECONOMIC COURT OF DNIPROPETROVSK REGION 49600, Ukraine, Dnipropetrovsk region, Kujbishev Str. 1a SUMIAGROTEHSERVICE: Court Grants Debt Moratorium ------------------------------------------------ The Economic Court of Sumi region commenced bankruptcy supervision procedure on LLC Sumiagrotehservice (code EDRPOU 32462458) and ordered a moratorium on satisfaction of creditors claims. The case is docketed as 7/102-05. Mr. Roman Korobka (License Number AA 779130) has been appointed temporary insolvency manager. The company holds account number 26004310394101 at CB Volodimirskij, Sumi branch, MFO 337836. Creditors have until December 29, 2005 to submit their proofs of claim to: (a) SUMIAGROTEHSERVICE 40022, Ukraine, Sumi region, Privokzalna Str. 25 (b) ROMAN KOROBKA Temporary Insolvency Manager 40030, Ukraine, Sumi region, Kozatskij val Str. 2-a, office 4 (c) ECONOMIC COURT OF SUMI REGION 40030, Ukraine, Sumi region, Shevchenko Avenue 18/1 TRANS-SV: Succumbs to Insolvency -------------------------------- The Economic Court of Hmelnitskij region commenced bankruptcy proceedings against Trans-SV (code EDRPOU 22774179) on November 16, 2005 after finding the close joint stock company insolvent. The case is docketed as 2/165-B. Mr. Volodimir Poberezhnij (License Number AA 668306) has been appointed liquidator/insolvency manager. Creditors have until December 29, 2005 to submit their proofs of claim to: (a) TRANS-SV 29000, Ukraine, Hmelnitskij region, Svobodi Str. 11A/7 (b) VOLODIMIR POBEREZHNIJ Liquidator/Insolvency Manager 29000, Ukraine, Hmelnitskij region, Starokostyantinivske Shose Str. 22/64 (c) ECONOMIC COURT OF HMELNITSKIJ REGION 29000, Ukraine, Hmelnitskij region, Nezalezhnosti Square 1 TYAZHPROMKOMPLEKT: Creditors' Claims Due Thursday ------------------------------------------------- The Economic Court of Donetsk region commenced bankruptcy proceedings against Tyazhpromkomplekt (code EDRPOU 19376920) on November 16, 2005 after finding the limited liability company insolvent. The case is docketed as 5/68 B. Ms. Geza Yanina (License Number AA 779261) has been appointed liquidator/insolvency manager. Creditors have until December 29, 2005 to submit their proofs of claim to: (a) TYAZHPROMKOMPLEKT 84301, Ukraine, Donetsk region, Kramatorsk, Sotsialistichna Str. 45 (b) GEZA YANINA Liquidator/Insolvency Manager 83000, Ukraine, Donetsk region, Glavposhtamt, Artema Str. 72, a/b 6 (c) ECONOMIC COURT OF DONETSK REGION 83048, Ukraine, Donetsk region, Artema Str. 157 =========================== U N I T E D K I N G D O M =========================== A1 COMPANY: Calls in Liquidator from Berley ------------------------------------------- At the extraordinary general meeting of A1 Company Services (2003) Limited, the special resolutions to wind up the company were passed. Jeremy Berman of Berley, 76 New Cavendish Street, London W1G 9TB has been appointed liquidator. CONTACT: BERLEY 76 New Cavendish Street London W1M 7LB Phone: 020 7636 9094 Fax: 020 7636 4115 E-mail: mark.levy@berley.co.uk ARLESTON LIMITED: Claims Deadline January 9 ------------------------------------------- P. M. Sissons, chairman of Arleston Limited, informs that the special resolution to wind up the company was passed at an EGM held on Nov. 23 at 4 Arleston Way, Shirley, Solihull B90 4LH. Tom Lukic and Ian Best of Ernst & Young, No 1 Colmore Square, Birmingham B4 6HQ were appointed joint liquidators. Creditors are required on or before January 9, 2006 to send their full names and addresses and particulars of debts or claims to T. Lukic. CONTACT: ERNST & YOUNG LLP No. 1 Colmore Square Birmingham B4 6HQ Phone: +44 [0] 121 535 2000 Fax: +44 [0] 121 535 2001 Web site: http://www.ey.com BAL NOMINEES: Appoints Deloitte & Touche Liquidator --------------------------------------------------- Company Names: BAL NOMINEES LIMITED BARONSMEAD (BBF) NOMINEES LIMITED BARONSMEAD (BRF) NOMINEES LIMITED BARONSMEAD (CARRY) LIMITED BARONSMEAD FUND MANAGEMENT LIMITED BARONSMEAD FUND MANAGEMENT 2 LIMITED BARONSMEAD FUND NOMINEES LIMITED BARONSMEAD (LP) LIMITED BARONSMEAD NOMINEES LIMITED BARONSMEAD TRUSTEE LIMITED F&C AIM VCT FUND MANAGEMENT LIMITED ROYAL & SUN ALLIANCE SAVINGS AND INVESTMENTS LIMITED SUN ALLIANCE INVESTMENT MANAGEMENT LIMITED TOVIL (GP) LIMITED I. P. Brown, chairman of these companies, informs that the special resolution to wind up the firms was passed and Thomas Merchant Burton and Patrick Joseph Brazzill of Ernst & Young LLP, Ten George Street, Edinburgh EH2 2DZ were appointed joint liquidators. CONTACT: ERNST & YOUNG LLP Ten George Street Edinburgh EH2 2DZ Phone: +44 [0] 131 777 2000 Fax: +44 [0] 131 777 2001 Web site: http://www.ey.com COLEMAN-COHEN: Hires Begbies Traynor as Liquidator -------------------------------------------------- T. Bernstein, director of Coleman-Cohen (Insurance Agents) Limited, informs that the special resolution to wind up the company was passed at an EGM held on Dec. 5 at Begbies Traynor, 2-3 Pavilion Buildings, Brighton, East Sussex BN1 1EE. G. W. Rhodes of Begbies Traynor was appointed liquidator. CONTACT: BEGBIES TRAYNOR 2-3 Pavilion Buildings Brighton Sussex BN1 1EE Phone: 01273 747847 Fax: 01273 747743 E-mail: geoff.rhodes@begbies-traynor.com FISHER MANAGEMENT: Files for Liquidation ---------------------------------------- At the extraordinary general meeting of Fisher Management, the special and ordinary resolutions to wind up the company were passed. Mark Reynolds of 4 Dancastle Court, 14 Arcadia Avenue, London N3 2HS was appointed liquidator. CONTACT: VALENTINE & CO. 4 Dancastle Court 14 Arcadia Avenue, London N3 2HS Phone: 020 8343 3710 Fax: 020 9343 4486 Web site: http://www.valentine-co.com FRIEDRICH KOCKS: Names Sutcliffe & Co. Liquidator ------------------------------------------------- A. Bindernagel, director/chairman of Friedrich Kocks (U.K.) Limited, informs that the special resolution to wind up the company were passed at an EGM held on Nov. 29 at Neustrasse 69, 40721 Hilden, Germany. Michael Sutcliffe of Sutcliffe & Co, 288 High Street, Dorking, Surrey RH4 1QT, England was appointed liquidator. CONTACT: SUTCLIFFE & CO. 288 High Street Dorking Surrey RH4 1QT Phone: 01306 888199 Fax: 01306 881611 E-mail: michael@sutcliffeandco.com GEO. LINNECOR: Hires Begbies Traynor to Liquidate Business ---------------------------------------------------------- C. Alcock, director of Geo. Linnecor & Son Limited (Company Registration No 366711), informs that the special, ordinary and extraordinary resolutions to wind up the company were passed at an EGM held on Nov. 30 at 33 Lionel Street, Birmingham. James Patrick Nicholas Martin and William John Kelly of Begbies Traynor, Newater House, 11 Newhall Street, Birmingham B3 3NY were appointed joint liquidators. CONTACT: BEGBIES TRAYNOR Newater House 11 Newhall Street Birmingham B3 3NY E-mail: birmingham@begbies-traynor.com Web site: http://www.begbies.com GROBY LIMITED: Gives Creditors Until January 5 to File Claims ------------------------------------------------------------- Rolls-Royce Group plc, shareholder of Groby Limited, informs that the special and ordinary resolutions to wind up the company were passed. J. R. D. Smith and N. J. Dargan of Athene Place, 66 Shoe Lane, London EC4A 3WA were appointed joint liquidators. Creditors are required on or before January 5, 2006, to send in their names, addresses, debt or claims to J. R. D. Smith. CONTACT: DELOITTE & TOUCHE LLP Athene Place 66 Shoe Lane London EC4A 3BQ Phone: 00 44 (0) 207 936 3000 Fax: 00 44 (0) 207 779 4001 Web site: http://www.deloitte.com HOUSING ORGANISATION: Liquidators Move in ----------------------------------------- At the extraordinary general meeting of Housing Organisation Mobility And Exchange Services Limited, the special, ordinary and extraordinary resolutions to wind up the company were passed at an EGM held on Nov. 23 at the offices of Lawrence Graham, 190 Strand, London WC2R 1JN. Nicholas John Miller and Ian Robert of Kingston Smith & Partners LLP, Devonshire House, 60 Goswell Road, London EC1M 7AD were appointed joint liquidators. CONTACT: KINGSTON SMITH AND PARTNERS LLP Devonshire House, 60 Goswell Road, London EC1M 7AD Phone: 020 7566 4000 Fax: 020 7566 4010 Web site: http://www.kingstonsmith.co.uk IGE HEALTHCARE: Claims Deadline Expires December 31 --------------------------------------------------- K. O'Neill, chairman of IGE Healthcare Services Limited, informs that the special resolution to wind up the company was passed at an EGM held on Nov. 11 at 352 Buckingham Avenue, Slough, Berkshire SL1 4ER. John Twizell of Geoffrey Martin & Co, St James's House, 28 Park Place, Leeds LS1 2SP was appointed liquidator. Creditors are required on or before December 31, 2005, to send in their names, addresses, debts or claims to John Twizell. CONTACT: GEOFFREY MARTIN & CO. St. James's House 28 Park Place Leeds West Yorkshire LS1 2SP Phone: 0113 244 5141 Fax: 0113 242 3851 E-mail: geoffrey.martin@geoffreymartin.co.uk INTERNATIONAL MEDICAL: Names Geoffrey Martin & Co. Liquidator ------------------------------------------------------------- K. O'Neill, chairman of International Medical Systems (U.K.) Limited, informs that the special resolution to wind up the firm was passed at an EGM held on Nov. 11 at 352 Buckingham Avenue, Slough, Berkshire SL1 4ER. John Twizell of Geoffrey Martin & Co, St James's House, 28 Park Place, Leeds LS1 2SP was appointed liquidator. CONTACT: GEOFFREY MARTIN & CO. St. James's House 28 Park Place Leeds West Yorkshire LS1 2SP Phone: 0113 244 5141 Fax: 0113 242 3851 E-mail: geoffrey.martin@geoffreymartin.co.uk JARVIS PLC: Prismo Unit Wins GBP600,000 Contract ------------------------------------------------ Prismo Contracting Services, a unit of Jarvis plc, has won a GBP600,000 contract over 1.5 years for the installation and maintenance of road markings and reflective road studs for Durham County Council. The contract has the potential for a three-year extension, which would bring its total value to GBP1.8 million. The contract includes a managed partnership agreement that defines the landmark working relationship between Prismo and Durham County Council. As part of the managed partnership agreement, the two organizations will undertake a mobile reflectometer survey (Ecodyn system) for the A road network. The results will be used to ensure the roads are maintained to a high standard, with data linked to monitoring of road traffic accidents and primary winter maintenance routes. Durham County Council is recognized nationally and internationally for its traffic management and road safety engineering works. It is working towards Year 2010 casualty reduction targets, which includes a 40% reduction in the number of people killed or seriously injured in road accidents. The partnership will drive clear two-way communication between the two organizations with collaboration on safety, product development and deployment, and on-line management systems. The contract renewal consolidates the existing partnership between the two organizations, which during the past five years has seen the development and trial of Prismo's leading-edge Colourbright road surfacing application that works in wet and unlit conditions. Prismo and Durham County Council will continue their pioneering approach, looking for new and improved ways to address and effectively manage road safety issues. Durham County Council's Team Leader for Accident Investigation, Prevention and Safety Audit, Don Waller, said: "Our partnership with Prismo has proven extremely successful during the past five years, enabling us to identify and address road safety issues using new and emerging technologies. "We undertake constant analysis of accident data to design and implement remedial schemes and Prismo has been integral to this process, enabling us to respond quickly to issues where a new road markings approach is needed. "As well as having the research and development capabilities to address our diverse road marking needs, now and in the future, Prismo has a local depot and is able to respond quickly and efficiently as part of our team." Prismo's commitment to the environment was also considered key to the contract win, with the company having in place ISO 14001- compliant Environmental Management System. New products are developed with a view to minimizing environmental impact. For instance, the polythene bags that hold the thermoplastic material are designed to melt and become part of the mix within the boilers of road marking vehicles. Prismo Managing Director Andrew Martin said: "Durham County Council has demonstrated its commitment to developing a safe road network and we are delighted to be continuing our partnership approach, which has already yielded several safety innovations including Colourbright. "75% of the Prismo team working on the Durham contract are based at our local Belmont depot and live within the County of Durham. That makes us very much part of the local community and it is one we are committed to serving well." About the Company Jarvis plc operates in a number of markets delivering solutions for the public sector, specifically rail services, road maintenance and products, and plant hire operations. Based in York, Jarvis has over 3,000 employees across a nationwide network of facilities. The Admission of the Placing Shares on Sept. 29 completed the group's financial restructuring plan announced on 27 May 2005 and approved by Shareholders on 4 August 2005. The restructuring involved GBP378 million of the Company's liabilities exchanged for new equity; GBP50 million of new equity capital raised through a Placing and Open Offer; and GBP38.5 million of Additional Funding Facilities secured. The Directors believe the successful completion of the restructuring and the continuation of the Group's strategy of focusing on the core businesses of Rail Plant and Road, aligned with further cost saving measures and exit from or stabilization of the non-core activities of construction and FM, will provide a much improved base from which to develop the business. CONTACT: JARVIS PLC Meridian House The Crescent York YO24 1AW Phone: +44-20-7017-8000 Fax: +44-20-7017-0083 Web site: http://www.jarvisplc.com K9 MEDIA: Claims Filing Period Ends Tomorrow -------------------------------------------- J. Williamson, chairman of K9 Media Solutions Limited, informs that the subjoined special resolution to wind up the firm was passed at an EGM held on Dec. 5 at 2 Axon, Commerce Road, Lynchwood Business Park, Peterborough PE2 6LR. Graham Stuart Wolloff and David John Watchorn of Elwell Watchorn & Saxton LLP, 2 Axon, Commerce Road, Peterborough PE2 6LR were appointed liquidators. Creditors are required on or before December 29, 2005, to send their names and addresses and particulars of debts or claims and the names and addresses of Solicitors (if any) to Graham Stuart Wolloff and David John Watchorn and if so required by notice in writing their debt or claims. CONTACT: ELWELL WATCHORN & SAXTON 2 Axon, Commerce Road, Lynchwood, Peterborough PE2 6LR Phone: (+44) 01733 235253 Fax: (+44) 01733 236391 E-mail: office@ews-insolvency.co.uk Web site: http://www.ews-insolvency.co.uk MISYS PLC: Banking Systems Unit to Boost Asian Presence ------------------------------------------------------- Misys Banking Systems has revealed its intention to strengthen its presence in Asia with a specialized team focused on the Asian capital markets arena, based in Beijing. This extension to the Misys Banking Systems offering in the Asia Pacific region will be headed by Murray Sargant, who will lead a dedicated team of Misys Treasury & Capital Markets specialists. The strengthening of the Treasury & Capital Markets operation in Beijing signals Misys Banking Systems objective to further enhance its product offering and to respond to clients' growing business needs to seize the opportunities this region represents. The impetus for this focus comes from the huge transformation in China in recent years offering the potential for double-digit growth for institutions operating in the financial services market. Statement of Murray Sargant We are finding that the Treasury & Capital Markets area in China is increasingly seeing newly listed financial institutions driving significant revenue in a more deregulated market place. China offers huge growth potential, particularly given the significant rise in FX trading and the birth of the derivatives market. With our world-class solutions in this sector comprising Misys Opics, Misys Summit and Misys Loan IQ, we offer clients the technology to take advantage of this burgeoning market. Currently in China we have a number of consultants and full time staff with treasury and capital markets expertise in our Beijing office, with projects ongoing in Beijing, Tanjin and Shanghai. Some recent customers that have signed contracts with us include China Zheshang Bank, China Bohai Bank and Bank of China. We expect to grow our position over the next six months. We are keen to help our clients take advantage of the opportunities to capitalize on the growth this market represents. There is the prospect of banks in this region expanding to the extent that they displace many U.S., Japanese and European banks currently among the top 20 of the world's largest banks. About Misys Banking Systems Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 49 of the world's top 50 banks, with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,600 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc. CONTACT: MISYS PLC Burleigh House, Chapel Oak, Salford Priors, Evesham, WR11 8SP, United Kingdom Phone: 44 (0) 1386 871373 44 (0) 1386 871045 E-mail: group.secretariat@misys.co.uk Web site: http://www.misys.com OFFERTON HOLDINGS: Calls in Deloitte & Touche Liquidator -------------------------------------------------------- T. Spitzenpfeil, chairman of Offerton Holdings Limited, informs that the ordinary resolutions to wind up the company were passed at an EGM held on Nov. 22 at Hoechsterstrasse 8, A-6850 Dornbirn, Austria. Nicholas James Dargan of Athene Place, 66 Shoe Lane, London EC4A 3WA was appointed liquidator. CONTACT: DELOITTE & TOUCHE LLP Athene Place 66 Shoe Lane London EC4A 3BQ Phone: 00 44 (0) 207 936 3000 Fax: 00 44 (0) 207 779 4001 Web site: http://www.deloitte.com PRIORY MRI: Hires Poppleton & Appleby Liquidator ------------------------------------------------ At the extraordinary general meeting of Priory MRI plc held on Dec. 1 at Priory Dene Conference Room, Priory Hospital, Priory Road, Edgbaston, Birmingham B5 7UG, the special resolution to wind up the company was passed. M. T. Coyne of Poppleton & Appleby, 35 Ludgate Hill, Birmingham B3 1EH was appointed liquidator. CONTACT: POPPLETON & APPLEBY 35 Ludgate Hill, Birmingham B3 1EH Phone: 0121 200 2962 Web site: http://www.pandabirmingham.co.uk RBQ MANAGEMENT: Liquidator from Oury Clark Enters Firm ------------------------------------------------------ Company Names: RHM HOLDINGS LIMITED RBQ MANAGEMENT LIMITED A F Irby III, director of these companies, informs that the special, ordinary and extraordinary resolutions to wind up the firms were passed at an EGM held on Nov. 29 at 27 Knightsbridge, London SW1X 7LY. Derrick Arthur Smith of Oury Clark, Herschel House, 58 Herschel Street, Slough, Berkshire SL1 1HD was appointed liquidator. Creditors are required on or before January 30, 2006, to send in their full forenames and surnames, addresses and descriptions, full particulars of debts or claims, and names and addresses of Solicitors (if any) to Derrick Arthur Smith and if so required by notice in writing their debt or claims. CONTACT: OURY CLARK PO Box 150 Herschel House 58 Herschel Street Slough Berkshire SL1 1HD Phone: 01753 551111 Fax: 01753 550544 E-mail: elliot.green@ouryclark.com ********* 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., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland USA. Larri-Nil Veloso, Ma. Cristina Canson, Liv Arcipe, Julybien Atadero and Jay Malaga, Editors. Copyright 2005. 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 US$575 per half-year, delivered via e-mail. 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