/raid1/www/Hosts/bankrupt/TCREUR

/raid1/www/Hosts/bankrupt/TCREUR_Public/051229.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 Thursday, December 29, 2005, Vol. 6, No. 258 Headlines C Y P R U S CYPRUS AIRWAYS: Ultimatum to Employees Extended to Friday F R A N C E RHODIA S.A.: Sanofi-Aventis' Stake Down to 8.17% G E R M A N Y AUTOHAUS BORDE: Magdeburg Firm Goes Bust BAUUNTERNEHMEN HECHT: Creditors' Claims Due Next Week BOCHING HEIZUNGS: Under Bankruptcy Administration DAIMLERCHRYSLER AG: Earns EUR1.6 Bln for MTU, DDC Unit DOLD A LA CARTE: Court to Verify Claims April GERMAN LOGISTIK: Leipzig Court Appoints Administrator KARSTADTQUELLE AG: Beats Christmas Sale Forecast KOMMANDITGESELLSCHAFT POSSEHL: Creditors Meeting Set March MARGARETE MEYER: Cloppenburg Court to Verify Claims March METALLIUM GMBH: Proofs of Claim Due January PRASENT AUTO: Gera Court Calls in Administrator QUALICEPT RECHNERGESTUETZTE: Falls into Bankruptcy S&K BAU: Potsdam Business Goes under TECHNALINE BUEROSITZMOBEL: Claims Filing Period Ends March 6 TOMAS TROCKENBAU: Court to Verify Claims May H U N G A R Y MALEV HUNGARIAN: Implements Redundancy Plan Early PANNONPLAST RT: Partner Pays EUR6.7 Mln for Control of Polifoam I T A L Y TISCALI S.P.A.: Delists from Euronext Paris TISCALI S.P.A.: Rules out Czech Branch Disposal R U S S I A ATKARSK-AGRO-PROM-TRANS: Bankruptcy Hearing Set March 16 CRYOGENIC ENGINEERING: Under Bankruptcy Supervision INTERFIN TRADE: S&P Affirms Junk Ratings OAO AEROFLOT: To Beef up Fleet with Boeing 787s SHEKINSKAYA: Poultry Farm Succumbs to Bankruptcy SKHODNYA-FURNITURE: Insolvency Manager Takes over Firm SOSNINSKIY: Omsk Court Appoints Insolvency Manager SPINNING-SEWING: Claims Filing Period Ends January 8 STROY-CONSTRUCTION: Names G. Kharitonov Insolvency Manager TAMBOV-POLYMER-MASH: Bankruptcy Hearing Resumes January TRUST TVER-STROY: Tver Court Opens Bankruptcy Proceedings ZARECHNAYA+: Declared Insolvent T U R K E Y DOGUS HOLDING: Long-term Rating Improves to BB-; Outlook Stable U K R A I N E AVTOSHTAMP: Bankruptcy Supervision Starts ILLINETSKIJ TIN: Last Day for Filing Claims Tomorrow MANVIT: Insolvency Manager Takes over Operations PLEMZAVOD KVITNEVE: Falls into Insolvency SHAHTOBUDIVELNIK: Creditors' Claims Due this Week SVITOCH CONFECTIONERY: Succumbs to Bankruptcy UKRGAZGRUP: Kyiv Court Opens Bankruptcy Proceedings U N I T E D K I N G D O M BALMY MOODS: Appoints BDO Stoy Hayward Liquidator BOSWELL HOTELS: Claims Filing Period Ends Friday CANADIAN CHEESE: Gives Creditors Until January 6 to File Claims CHANDOS HOLDINGS: Calls in Liquidator from Harrisons DESIGN & DEVELOPMENT: Files for Liquidation DMI (LOWESTOFT): Hires Liquidators from KPMG DOUGLAS OF SCOTLAND: Files for Liquidation EASY SERVICES: Succumbs to Liquidation E RUBINSTEIN: Appoints Begbies Traynor Liquidator EXPRESS EXHIBITIONS: Names Langley & Partners Liquidator GLOBUS OFFICE: Appoints PricewaterhouseCoopers Liquidator LEOJAY HOLDINGS: Liquidator from Harrisons Enters Firm LOCKWOOD & CARLISLE: KPMG Liquidators Take over Helm PLANTATION STUD: Claims Filing Period Ends January 9 SNYDER FINANCE: Liquidators from Vantis Numerica Enter Firm SPIELOTHEK (U.K.): Files for Liquidation THOMAS STODDART: Folds up after 100 Years in Business ********* =========== C Y P R U S =========== CYPRUS AIRWAYS: Ultimatum to Employees Extended to Friday --------------------------------------------------------- Troubled national carrier Cyprus Airways (CAIR) gave unions until Friday this week to say yes or no to the restructuring plan, The Financial Mirror says. Communications Minister Haris Thrasou initially set the deadline on Dec. 23, but extended it to give unions time to gather their members. PASIPY and ASSYSEKA, the unions of pilots and engineers respectively, had said it was impossible to assemble members on such short notice. Mr. Thrasou said unions could use the holiday breaks to get their members' opinion on the plan. "After we get all the responses, then we shall inform the Commission," Mr. Thrasou said, referring to the European Commission. CAIR needs union endorsement to get the Commission's nod on the plan and a needed CYP58 million government-guaranteed loan to repay CYP30 million in maturing debt, cover CYP10 million in redundancy cost and finance the restructuring. Most unions have yet to reveal their stand. The cabin crew's SYPKA is the most critical of plan, accusing management of granting other groups concessions at its expense. Accordingly, 22 of its senior stewards will be axed under the plan. The airline, which employs 1,800, hopes to save CYP21.8 million annually from 500 voluntary redundancies. Only around 200 have signed up so far, a number considered insufficient by the airline. The carrier has warned it would revert to the original plan to dismiss 385 employees; slash the salaries and benefits of those retained; and get rid of 22 chief steward positions. CONTACT: CYPRUS AIRWAYS LIMITED 21 Alkeou Str. 2404 Engomi P.O. Box 21903 1514 Nicosia, Nicosia Phone: 22663054 Fax: 22663167 E-mail: webcentre@cyprusair.com.cy Web site: http://www.cyprusairways.com =========== F R A N C E =========== RHODIA S.A.: Sanofi-Aventis' Stake Down to 8.17% ------------------------------------------------ Sanofi-Aventis' shareholding in Rhodia S.A. has been reduced to 8.17% after it passed up in the recent rights issue, Dow Jones says. Rhodia launched a EUR604 million rights issue earlier this month to reduce debt and fund development projects. But Sanofi, which controls 15% of Rhodia, opted not to participate. A Sanofi spokesman has said the company does not consider its stake a strategic holding. The rights issue was fully underwritten by a banking syndicate led by BNP Paribas and Credit Suisse First Boston. CALYON and HSBC served as co-lead managers. About EUR400 million of the proceeds will be used to pay debt, while EUR150 million will go to industrial projects, Rhodia CEO Jean-Pierre Clamadieu said. Aside from its goal to post a positive net result by 2006, Rhodia also wants to achieve an EBITDA margin from continuing operations of over 15% in two to three years. CONTACT: RHODIA S.A. 26, quai Alphonse Le Gallo 92512 Boulogne-Billancourt Cedex, France Phone: +33-1-55-38-40-00 Fax: +33-1-55-38-44-71 Web site: http://www.rhodia.com Press Relations Lucia Dumas Phone: +33 1 55 38 45 48 Anne-Laurence de Villepin Phone: +33 1 55 38 40 25 BNP PARIBAS 16, boulevard des Italiens 75009 Paris, France Phone: +33-1-40-14-45-46 Fax: +33-1-40-14-69-73 Web site: http://www.bnpparibas.com CREDIT SUISSE FIRST BOSTON 11 Madison Ave. New York, NY 10010-3629 Phone: 212-325-2000 Fax: 212-325-6665 Web site: http://www.csfb.com CALYON 9, quai du President Paul Doumer 92920 La Defense Cedex, France Phone: +33-1-41-89-00-00 Fax: +33-1-41-89-06-20 Web site: http://www.calyon.com HSBC 8 Canada Sq. London E14 5HQ, United Kingdom Phone: +44-20-7991-8888 Fax: +44-20-7992-4880 Web site: http://www.hsbc.com SANOFI-AVENTIS 174 avenue de France 75013 Paris, France Phone: +33-1-53-77-40-00 Fax: +33-1-53-77-42-96 Web site: http://www.sanofi-aventis.com ============= G E R M A N Y ============= AUTOHAUS BORDE: Magdeburg Firm Goes Bust ---------------------------------------- The district court of Magdeburg opened bankruptcy proceedings against Autohaus Borde GmbH i. L. on December 7. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until January 14, 2006 to register their claims with court-appointed provisional administrator Dr. Lucas F. Flother. Creditors and other interested parties are encouraged to attend the meeting on February 14, 2006, 9:30 a.m. at the district court of Magdeburg, Saal D, Insolvenzabteilung, Liebknechtstrasse 65-91, 39110 Magdeburg, 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 BORDE GmbH i. L. Am Pfefferbach 3, 39387 Oschersleben Contact: Janine Nowatzki, Liquidator Bismarckstr. 9, 39387 Oschersleben Dr. Lucas F. Flother, Administrator Halberstadter Str. 55, 39112 Magdeburg Phone: 0391/5556840 Fax: 0391/5556849 BAUUNTERNEHMEN HECHT: Creditors' Claims Due Next Week ----------------------------------------------------- The district court of Neubrandenburg opened bankruptcy proceedings against Bauunternehmen Hecht & Fabig GbR on December 12. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until January 4, 2006 to register their claims with court-appointed provisional administrator Wolfgang Matussek. Creditors and other interested parties are encouraged to attend the meeting on February 6, 2006, 1:15 p.m. at the district court of Neubrandenburg 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: BAUUNTERNEHMEN HECHT & FABIG GbR Wismarer Weg 3, 17335 Strasburg Wolfgang Matussek, Administrator Goethestrasse 6, 17033 Neubrandenburg BOCHING HEIZUNGS: Under Bankruptcy Administration ------------------------------------------------- The district court of Leipzig opened bankruptcy proceedings against Boching Heizungs- u. Sanitar GmbH on December 7. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until January 24, 2006 to register their claims with court-appointed provisional administrator Dr. Oliver Hartig. Creditors and other interested parties are encouraged to attend the meeting on February 21, 2006, 10:15 a.m. at the district court of Leipzig, Saal 145, 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: BOCHING HEIZUNGS- U. SANITAR GmbH Contact: Jens Boching, Manager Landsberger Str. 20, 04159 Leipzig Dr. Oliver Hartig, Administrator Philipp-Mueller-Str. 44/1, 06110 Halle DAIMLERCHRYSLER AG: Earns EUR1.6 Bln for MTU, DDC Unit ------------------------------------------------------ DaimlerChrysler AG has disposed of its MTU Friedrichshafen division and Detroit Diesel Corp. unit's off-highway operation to EQT Partners AB for EUR1.6 billion, Bloomberg News says. Proceeds of the sale will be used to pay for job cuts at Mercedes Benz and Smart GmbH's ongoing restructuring. The sale is also expected to augment operating profit by EUR400 million and net income by EUR300 million. DaimlerChrysler earlier unveiled its plans of concentrating on building cars and trucks. The strategy has already seen the disposal of Adtranz train-manufacturing business and MTU Aero Engines, and businesses unrelated to the Mercedes Car Group, Chrysler and commercial vehicle divisions. Stephen Pope, an analyst at Cantor Fitzgerald in London, said: "From a strategic point of view, this sale allows them to narrow the spotlight on being a maker of premium cars." "There was some haste to get this done and, had they had more time and a relaxed schedule to get this done, they might have been able to get more for the business," he said. MTU, which employs more than 6,000 people, builds engines for trains, ships and construction machinery. Its role as supplier of engines for Germany's main battle tank, Leopard II, was earlier cited as a potential impediment to any sale. EQT is a private equity group in Northern Europe, which manages funds with activities in buyouts as well as mezzanine finance. It currently manages approximately EUR6 billion in seven funds. EQT funds have invested approximately EUR3 billion in about 40 companies. Detroit Diesel Corporation (DDC) manufactures on-highway medium and heavy-duty diesel engines for the commercial truck market. Engines are serviced through a worldwide network of more than 1,900 authorized distributor and dealer locations. CONTACT: DAIMLERCHRYSLER AG 70546 Stuttgart, Germany Phone: +49 711 17 0 Fax: +49 711 17 22244 Web site: http://www.daimlerchrysler.com EQT PARTNERS AB P.O. Box 16409 S-103 27 Stockholm Phone: +46 8 506 55 300 Fax: +46 8 506 55 319 Web site: http://www.eqt.se MTU FRIEDRICHSHAFEN GmbH http://www.mtu-online.com DETROIT DIESEL CORPORATION 13400 Outer Dr. West Detroit, MI 48239 Phone: 313-592-5000 Fax: 313-592-7323 Web site: http://www.detroitdiesel.com DOLD A LA CARTE: Court to Verify Claims April --------------------------------------------- The district court of Charlottenburg opened bankruptcy proceedings against Dold a la Carte GmbH on December 7. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until March 9, 2006 to register their claims with court-appointed provisional administrator Dr. Dirk Wittkowski. Creditors and other interested parties are encouraged to attend the meeting on January 26, 2006, 10:05 a.m. at the district court of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock Saal 218, 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 April 4, 2006, 10:00 a.m. at the same venue. CONTACT: DOLD A LA CARTE GmbH Beckumer Str. 34, 13507 Berlin Dr. Dirk Wittkowski, Administrator Kirchblick 11, 14129 Berlin GERMAN LOGISTIK: Leipzig Court Appoints Administrator ----------------------------------------------------- The district court of Leipzig opened bankruptcy proceedings against German Logistik Limited on December 6. 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 Elizabeth Anne Winzar. Creditors and other interested parties are encouraged to attend the meeting on February 13, 2006, 2:15 p.m. at the district court of Leipzig, Saal 145, 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: GERMAN LOGISTIK LIMITED Zweigniederlassung Hohe Str. 9-13, 04107 Leipzig Contact: Elizabeth Anne Winzar, Manager Katrin Bringezu, Administrator Nonnenstrasse 37, 04229 Leipzig KARSTADTQUELLE AG: Beats Christmas Sale Forecast ------------------------------------------------ Christmas sales this year topped last year, department store and mail order group KarstadtQuelle AG told AFX News recently. "Business was good," said an unnamed spokesman, adding, "We are ahead of plan." The retail giant had expected this year's sales to decline. The group will publish figures on January 9, 2005. * * * Based in Theodor-Althoff-Str. 2, D-45133 Essen, KarstadtQuelle AG -- http://www.karstadtquelle.com-- is Germany's largest department store and mail order group. It has annual sales of EUR13.5 billion and employs around 90,000. The retailer has been suffering from sluggish consumption and high unemployment rate in Germany. KarstadtQuelle posted an EBITDA of -EUR428 million in 2004. The group is currently restructuring its operations, selling off non-core assets and implementing costs saving measures. Because of the positive performance of the "KarstadtQuelle Neu" program, the company expects operating EBITDA of over EUR500 million in 2005. CONTACT: KARSTADTQUELLE AG Theodor-Althoff-Str. 2 D-45133 Essen Phone: +49-201-727-1 Fax: +49-201-727-5216 Web site: http://www.karstadtquelle.com KOMMANDITGESELLSCHAFT POSSEHL: Creditors Meeting Set March ---------------------------------------------------------- The district court of Hamburg opened bankruptcy proceedings against Kommanditgesellschaft Possehl & Semmler GmbH & Co. KG on December 2. 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 Karsten Totter. Creditors and other interested parties are encouraged to attend the meeting on March 2, 2006, 9:20 a.m. at the district court of Hamburg, Insolvenzgericht, Sievekingplatz 1, 20355 Hamburg, 4. Etage, Anbau, Saal B 405, 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: KOMMANDITGESELLSCHAFT POSSEHL & SEMMLER GmbH & Co. KG Gustav-Adolf-Strasse 93, 22043 Hamburg Contact: Manfred Possehl, Manager Denksteinweg 9, 22043 Hamburg Paul Semmler, Manager Feldschmiede 12i, 22159 Hamburg Karsten Totter, Administrator Speersort 4/6, 20095 Hamburg Phone: 303010 Fax: 30301246 MARGARETE MEYER: Cloppenburg Court to Verify Claims March --------------------------------------------------------- The district court of Cloppenburg opened bankruptcy proceedings against Margarete Meyer, Heinz Fanger u. Partner GmbH GbR on December 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until February 17, 2006 to register their claims with court-appointed provisional administrator Hermann Berding. Creditors and other interested parties are encouraged to attend the meeting on January 20, 2006, 11:30 a.m. at the district court of Cloppenburg, Saal 6, Hauptgebaude, Burgstrasse 9, 49661 Cloppenburg, 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 3, 2006, 11:00 a.m. at the same venue. CONTACT: MARGARETE MEYER, HEINZ FANGER U. PARTNER GmbH GbR Brinkwand 1, 49688 Lastrup Contact: Margarete Meyer, Manager Heinz Fanger, Manager Am Klapphaken 21, 49377 Vechta Hermann Berding, Administrator Jammertal 1, 49661 Cloppenburg Phone: 04471/9126-0 Fax: 04471/82997 METALLIUM GMBH: Proofs of Claim Due January ------------------------------------------- The district court of Essen opened bankruptcy proceedings against Metallium GmbH on December 13. 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 Angel Gerigk. Creditors and other interested parties are encouraged to attend the meeting on January 26, 2006, 1:30 p.m. at the district court of Essen, Hauptstelle, Zweigertstr. 52, 45130 Essen, 2. OG, gelber Bereich, Saal 293, 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: METALLIUM GmbH Auf der Reihe 2, 45884 Gelsenkirchen Contact: Burkhard Nowak, Manager Wittener Str. 4, 45884 Gelsenkirchen Angela Gerigk, Administrator Recklinghauser Strasse 17, 46282 Dorsten Phone: 02362/993480 Fax: 02362/993481 PRASENT AUTO: Gera Court Calls in Administrator ----------------------------------------------- The district court of Gera opened bankruptcy proceedings against PRASENT Auto-Park GmbH Jena on December 8. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until January 5, 2006 to register their claims with court-appointed provisional administrator J. Schneider. Creditors and other interested parties are encouraged to attend the meeting on February 7, 2006, 1:40 a.m. at the district court of Gera, Rudolf-Diener-Str. 1, Zimmer 317, 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: PRASENT AUTO-PARK GmbH JENA Im Steinfeld 10, 07751 Jena-Maua J. Schneider, Administrator Tatzendpromenade 2a, 07745 Jena QUALICEPT RECHNERGESTUETZTE: Falls into Bankruptcy -------------------------------------------------- The district court of Monchengladbach opened bankruptcy proceedings against Qualicept Rechnergestuetzte Systeme GmbH on December 14. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until February 13, 2006 to register their claims with court-appointed provisional administrator Christian Krause. Creditors and other interested parties are encouraged to attend the meeting on March 6, 2006, 9:15 a.m. at the district court of Monchengladbach, Hohenzollernstr. 157, 41061 Monchengladbach, Erdgeschoss, Sitzungssaal A 58, 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: QUALICEPT RECHNERGESTUETZTE SYSTEME GmbH Duenner Strasse 43 - 45, 41066 Monchengladbach Contact: Peter Stemann, Manager Christian Krause, Administrator Cecilienallee 45, 40474 Duesseldorf S&K BAU: Potsdam Business Goes under ------------------------------------ The district court of Potsdam opened bankruptcy proceedings against S&K Bau GmbH on December 14. 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 Dr. Christoph Schulte-Kaubruegger. Creditors and other interested parties are encouraged to attend the meeting on February 22, 2006, 1:50 p.m. at the district court of Potsdam, Nebenstelle Lindenstrasse 6, 14467 Potsdam, Saal 004, 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: S&K Bau GmbH Genshagener Strasse 6 b, 14974 Ludwigsfelde Dr. Christoph Schulte-Kaubruegger, Administrator Genthiner Strasse 48, 10785 Berlin TECHNALINE BUEROSITZMOBEL: Claims Filing Period Ends March 6 ------------------------------------------------------------ The district court of Sulzbach opened bankruptcy proceedings against Technaline Buerositzmobel GmbH on December 14. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until March 6, 2006 to register their claims with court-appointed provisional administrator Thomas Becker. Creditors and other interested parties are encouraged to attend the meeting on January 13, 2006, 9:10 a.m. at the district court of Sulzbach, Aussenstelle Sulzbach, Vopeliusstrasse 2, 66280 Sulzbach, 1. Etage, Saal 13, 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 28, 2006, 9:00 a.m. at the same venue. CONTACT: TECHNALINE BUEROSITZMOBEL GmbH Tritschler Strasse 6, 66606 St. Wendel Contact: Guenther Kuhn, Manager Buchenweg 1 c, 66571 Eppelborn Thomas Becker, Administrator Brueckenstrasse 60, 66763 Dillingen Phone: (06831) 769980 Fax: (06831) 7699870 TOMAS TROCKENBAU: Court to Verify Claims May -------------------------------------------- The district court of Charlottenburg opened bankruptcy proceedings against Tomas Trockenbau GmbH on December 8. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until March 6, 2006 to register their claims with court-appointed provisional administrator Stephan Mitlehner. Creditors and other interested parties are encouraged to attend the meeting on January 25, 2006, 9:35 a.m. at the district court of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock Saal 218, 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 May 3, 2006, 9:00 a.m. at the same venue. CONTACT: TOMAS TROCKENBAU GmbH Soldiner Str.92,13359 Berlin Stephan Mitlehner, Administrator Walter-Benjamin-Platz 6, 10629 Berlin ============= H U N G A R Y ============= MALEV HUNGARIAN: Implements Redundancy Plan Early ------------------------------------------------- Loss-making carrier Malev Hungarian Airlines Rt. has restructured its operations and laid off 400 workers, Budapest Business Journal says. Subsidiaries Malev GH Ground Services and Aeroplex now operate the carrier's ground and maintenance services respectively. The job cuts, which cost Malev between HUF1 billion to HUF1.5 billion, is part of a large-scale reduction originally scheduled for early next year. Chief Executive Janos Gonci says Malev could recover the amount within six to eight months. Malev now employs 2,800 people. Malev expects another operating loss for 2005. It sees a HUF1.8 billion deficit at the operating level and HUF4.95 billion overall. In 2004, it booked an operating loss of HUF4.4 billion (US$$21.9 million) on revenues of HUF123.8 billion. It expects to break even next year and turn a profit in 2007. Since the fall of Communism in the country, the government, which owns 99.95% of Malev, has failed to dispose of the airline, which has struggled amid competition from budget airlines. CONTACT: MALEV HUNGARIAN AIRLINES Konyves Kalman korut 12-14, H-1097 Budapest Phone: +36 1 235 3100 Fax: +36 1 235-3255 E-mail: malev@malev.hu Web site: http://www.malev.hu PANNONPLAST RT: Partner Pays EUR6.7 Mln for Control of Polifoam --------------------------------------------------------------- Troubled plastic manufacturer Pannonplast Rt. has disposed of its 51% stake in plastic foam unit Polifoam to German foam maker Trocellen, Budapest Business Journal says. Pannonplast earned around EUR6.7 million from the sale, which would make Trocellen 100% owner of Polifoam. Pannonplast will include the figure in its fourth-quarter accounts. The sale, which Pannonplast expects to complete by end of March, is still subject to regulatory approval. In August, Pannonplast President Balazs Bokorovics revealed that given the right price, it would sell the stake in Polifoam. Earlier this year, Pannonplast also sold its 50% stake in Pannonpipe Kft. to co-owner Pipelife International GmbH to focus on its consumer packaging business and slash debt by HUF2.8 billion. Pannonplast, which manufactures a wide range of plastic finished products, reported its third straight losses in 2004 due to dropping demand for its products in the sluggish western European market. Although 2004 revenues amounted to HUF26.5 billion, the company still booked losses of HUF1.8 billion. CEO Balazs Szabo, which took over the helm in September 2004, has been cutting costs and selling units to restore the company's profitability. CONTACT: PANNONPLAST MUANYAGIPARI RT. Nagytetenyi ut 216-218 1225 Budapest, Phone: +36 1 207 1936 Fax: +36 1 207 1525 Web site: http://www.pannonplast.hu ========= I T A L Y ========= TISCALI S.P.A.: Delists from Euronext Paris ------------------------------------------- Tiscali S.p.A. has delisted from the Eurolist of Euronext Paris (France). The voluntary delisting, approved by Euronext, was motivated by the low trading volumes of Tiscali in the French market, which accounted for less than 1% of total. About the Company Headquartered in Cagliari, Italy, Tiscali has more than 7 million subscribers, of which over 1.5 million are broadband users. It has sold non-core assets to raise money to cover a EUR250 million bond that matured in July. As of March 31, Tiscali's financial assets totaled EUR180.2 million while debt amounted to EUR381.7 million. Pre-tax loss in the first-quarter amounted to EUR17.9 million. Fitch gives the company a short-term rating of 'B' and rates its senior unsecured debt 'CCC+'. Tiscali Finance S.A.'s EUR250 million guaranteed floating-rate notes, which fell due in July, and its EUR209.5 million guaranteed equity-linked bonds due in September 2006 are rated 'CCC+'. CONTACT: TISCALI S.p.A. Sa Illetta 09122 Cagliari Phone: +39 02 309011 E-mail: ir@tiscali.com Web site: http://www.tiscali.com TISCALI S.P.A.: Rules out Czech Branch Disposal ----------------------------------------------- Tiscali S.p.A. has ruled out selling its Czech unit, said Czech News Agency. Tiscali Telekomunikace Ceska republika has generated interest from at least five buyers, including GTS Novera a eTel. Naveed Gill, the unit's chief executive, said Tiscali chose not to dispose of its Czech branch following a thorough review of the business and analysis of the offers. Talks of a possible sale surfaced, as Tiscali announced plans to streamline operations in Belgium, France and South Africa. Headquartered in Cagliari, Italy, Tiscali has more than 7 million subscribers, of which over 1.5 million are broadband users. It has sold non-core assets to raise money to cover a EUR250 million bond that matured in July. As of March 31, Tiscali's financial assets totaled EUR180.2 million while debt amounted to EUR381.7 million. Pre-tax loss in the first-quarter amounted to EUR17.9 million. Fitch gives the company a short-term rating of 'B' and rates its senior unsecured debt 'CCC+'. Tiscali Finance S.A.'s EUR250 million guaranteed floating-rate notes, which fell due in July, and its EUR209.5 million guaranteed equity-linked bonds due in September 2006 are rated 'CCC+'. CONTACT: TISCALI S.p.A. Sa Illetta 09122 Cagliari Phone: +39 02 309011 E-mail: ir@tiscali.com Web site: http://www.tiscali.com =========== R U S S I A =========== ATKARSK-AGRO-PROM-TRANS: Bankruptcy Hearing Set March 16 -------------------------------------------------------- The Arbitration Court of Saratov region has commenced bankruptcy supervision procedure on open joint stock company Atkarsk-Agro- Prom-Trans. The case is docketed as A-57-448B/05-31. Mr. A. Chesnakov has been appointed temporary insolvency manager. Creditors may submit their proofs of claim to 410012, Russia, Saratov, B. Kazachya Str. 23/27, Office 28-32. A hearing will take place on March 16, 2006, 2:35 p.m. at the Arbitration Court of Saratov region at Russia, Babushkin Vvoz Str. 1, 14th floor. CONTACT: ATKARSK-AGRO-PROM-TRANS Russia, Saratov region, Atkarsk A. CHESNAKOV Temporary Insolvency Manager 410012, Russia, Saratov region, B. Kazachya Str. 23/27, Office 28-32 CRYOGENIC ENGINEERING: Under Bankruptcy Supervision --------------------------------------------------- The Arbitration Court of Omskregion has commenced bankruptcy supervision procedure on close joint stock company Cryogenic Engineering. The case is docketed as K/E-278/05. Mr. E. Vitkovskiy has been appointed temporary insolvency manager. Creditors may submit their proofs of claim to 644122, Russia, Omsk region, 5th Armii Str. 4, Office 1. A hearing will take place on February 21, 2006. CONTACT: CRYOGENIC ENGINEERING 644105, Russia, Omsk region, 22nd Partsyezda Str. 97 E. VITKOVSKIY Temporary Insolvency Manager 644122, Russia, Omsk region, 5th Armii Str. 4, Office 1 INTERFIN TRADE: S&P Affirms Junk Ratings ---------------------------------------- Standard & Poor's Ratings Services raised its long-term counterparty credit rating on Russia-based Interfin Trade Financial Company (CJSC) (IFT) to 'CCC' from 'CCC-', and affirmed its 'C' short-term counterparty credit rating on the group. The outlook is stable. At the same time, Standard & Poor's raised its Russia national scale rating on IFT to 'ruB-' from 'ruCCC+'. "The upgrade reflects IFT's closer integration with parent Unicor Managing Co. and low leverage, as well as the consistent growth of the Russian securities market," said Standard & Poor's credit analyst Irina Penkina. "The ratings remain constrained, however, by IFT's narrow related-party customer base, small size, and short track record, as well as by the high sensitivity of its financial performance to the volatile domestic securities market." Established in 2001, IFT is a holding company for a number of legal entities engaged in securities brokerage and asset management. At Dec. 31, 2004, the group's consolidated assets totaled US$19.0 million, and assets under management US$310 million. "We expect IFT to continue to perform as a captive financial company for the Unicor Managing Co. group and gradually diversify its customer base in brokerage and fund management, which should improve its revenue base," said Ms. Penkina. Upside potential for the ratings will depend on IFT's ability to withstand high securities market volatility and expand its customer base. The ratings would come under pressure if the group were to increase its risk appetite or if capitalization were to decline significantly. Ratings information is available to subscribers of RatingsDirect at http://www.ratingsdirect.com It can also be found at http://www.standardandpoors.com Alternatively, call one of the these Standard & Poor's numbers: Client Support Europe (44) 20- 7176-7176; London Press Office Hotline (44) 20-7176-3605; Paris (33) 1-4420-6708; Frankfurt (49) 69-33-999-225; Stockholm (46) 8-440-5916; or Moscow (7) 095-783-4017. Members of the media may also contact the European Press Office via e-mail: media_europe@standardandpoors.com CONTACT: INTERFIN TRADE FINANCIAL COMPANY Web site: http://www.interfintrade.com OAO AEROFLOT: To Beef up Fleet with Boeing 787s ----------------------------------------------- Troubled national carrier Aeroflot will buy 22 Boeing 787s worth US$2.5 billion to modernize it fleet, Reuters says. Aeroflot Deputy General Director Lev Koshlyakov said, "If everything goes well, the contract will be signed before the end of March." Local daily Kommersant, citing company sources, said Aeroflot recently decided to increase the order from 22 to 28. Deputy General Director Igor Desyatnichenko said in October the carrier had to choose between Boeing 787 and Airbus A350 to service long-haul routes. In October, Aeroflot said it would lease five A320 airliners in addition to the seven Airbus A321s initially planned. Aeroflot will also replace outdated Tu-134 planes with foreign-made used aircraft and; beginning 2008, buy 30 planes, preferably An-148s or RRJs for its regional flights. Operating out of Moscow's Sheremetyevo Airport, Aeroflot controls 11% of domestic and 39% of international markets for air carriage. For the first quarter of the year, net loss doubled to RUB875 million, despite a hike in revenues from RUB9.986 billion to RUB11.085 billion. CONTACT: AEROFLOT - RUSSIAN AIRLINES JSC Leningradsky Prospect 37, Bldg. 9 125167 Moscow, Russia Phone: +7-095-155-6643 Fax: +7-095-155-6647 Web site: http://www.aeroflot.ru SHEKINSKAYA: Poultry Farm Succumbs to Bankruptcy ------------------------------------------------ The Arbitration Court of Tula region commenced bankruptcy proceedings against Shekinskaya after finding the poultry farm insolvent. The case is docketed as A68-65/B-04. Mr. D. Kochetkov has been appointed insolvency manager. Creditors may submit their proofs of claim to 300012, Russia, Tula, Zhavoronkova Str. 1, Office 507. CONTACT: D. KOCHETKOV Insolvency Manager 300012, Russia, Tula region, Zhavoronkova Str. 1, Office 507 SKHODNYA-FURNITURE: Insolvency Manager Takes over Firm ------------------------------------------------------ The Arbitration Court of Moscow region commenced bankruptcy proceedings against Skhodnya-Furniture after finding the open joint stock company insolvent. The case is docketed as A41-K2- 12410/02. Mr. V. Kubelun has been appointed insolvency manager. Creditors have until January 8, 2006 to submit their proofs of claim to 119313, Russia, Moscow region, Post User Box 115. CONTACT: SKHODNYA-FURNITURE Russia, Moscow region, Skhodnya, Nekrasova Str. 2 V. KUBELUN Insolvency Manager 119313, Russia, Moscow region, Post User Box 115 Phone: (095) 721-02-81 SOSNINSKIY: Omsk Court Appoints Insolvency Manager -------------------------------------------------- The Arbitration Court of Omsk region commenced bankruptcy proceedings against Sosninskiy (TIN 5512004310) after finding the company insolvent. The case is docketed as K/E-262/05. Mr. K. Kiselevskiy has been appointed insolvency manager. CONTACT: SOSNINSKIY 644024, Russia, Omsk region, Gorkovskiy region, Sosnino K. KISELEVSKIY Insolvency Manager 644043, Russia, Omsk region, K. Libknekhta Str. 35, 13th SPINNING-SEWING: Claims Filing Period Ends January 8 ---------------------------------------------------- The Arbitration Court of Moscow region commenced bankruptcy proceedings against Spinning-Sewing after finding the company insolvent. The case is docketed as A41-K2-2940/05. Ms. O. Kraskovskaya has been appointed insolvency manager. Creditors have until January 8, 2006 to submit their proofs of claim to 107078, Russia, Moscow region, Post User Box 281. CONTACT: SPINNING-SEWING FACTORY 142672, Russia, Moscow region, Orekhovo-Zuevskiy region Likino-Dulevo, Sovetskaya Str. 41 O. KRASKOVSKAYA Insolvency Manager 107078, Russia, Moscow region, Post User Box 281 STROY-CONSTRUCTION: Names G. Kharitonov Insolvency Manager ---------------------------------------------------------- The Arbitration Court of Kaluga region commenced bankruptcy proceedings against Stroy-Construction after finding the close joint stock company insolvent. The case is docketed as A23- 612/05B-10-18. Mr. G. Kharitonov has been appointed insolvency manager. Creditors have until January 8, 2006 to submit their proofs of claim to 248000, Russia, Kaluga region, Main Post Office, Post User Box 22. CONTACT: STROY-CONSTRUCTION 249875, Russia, Kaluga region, Iznoskovskiy region, Myatlevo, Internatsionalnaya Str. 66 G. KHARITONOV Insolvency Manager 248000, Russia, Kaluga region, Main Post Office, Post User Box 22 TAMBOV-POLYMER-MASH: Bankruptcy Hearing Resumes January ------------------------------------------------------- The Arbitration Court of Tambov region has commenced bankruptcy external management procedure on open joint stock company Tambov-Polymer-Mash. The case is docketed as A64-7912/04-2. Mr. V. Kuzmin has been appointed external insolvency manager. Creditors may submit their proofs of claim to: (a) TAMBOV-POLYMER-MASH 392031, Russia, Tambov region, Sovetskaya Str. 194 (b) V. KUZMIN External Insolvency Manager 241012, Russia, Bryansk region, Kamozina Str. 45, Apartment 3 A hearing will take place on January 26, 2006 at 392020, Russia, Tambov, Penzenskaya Str. 67/12. TRUST TVER-STROY: Tver Court Opens Bankruptcy Proceedings --------------------------------------------------------- The Arbitration Court of Tver region commenced bankruptcy proceedings against Trust Tver-Stroy #1 after finding the close joint stock company insolvent. The case is docketed as A66- 9019/2005. Mr. S. Postnov has been appointed insolvency manager. Creditors have until January 8, 2006 to submit their proofs of claim to 170023, Russia, Tver region, Rzhevskaya Str. 10. CONTACT: S. POSTNOV Insolvency Manager 170023, Russia, Tver region, Rzhevskaya Str. 10 ZARECHNAYA+: Declared Insolvent ------------------------------- The Arbitration Court of Kursk region commenced bankruptcy proceedings against Zarechnaya+ after finding the poultry farm insolvent. The case is docketed as A35-6630/05 "g". Mr. L. Shkilev has been appointed insolvency manager. CONTACT: ZARECHNAYA+ Russia, Kursk region, Kulakova Pr. 158 L. SHKILEV Insolvency Manager 305001, Russia, Kursk region, Belinskogo Str. 48 =========== T U R K E Y =========== DOGUS HOLDING: Long-term Rating Improves to BB-; Outlook Stable --------------------------------------------------------------- Standard & Poor's Ratings Services raised its long-term counterparty credit rating on Turkey-based conglomerate Dogus Holding A.S. to 'BB-' from 'B', and removed it from CreditWatch, where it had been placed with positive implications on Sept. 6, 2005. The outlook is stable. At the same time, Standard & Poor's affirmed its 'B' short-term counterparty credit rating on the group. "The upgrade reflects the strong positive impact on Dogus' leverage and liquidity from two recent asset disposals," said Standard & Poor's credit analyst Emmanuel Volland. The asset disposals are: (1) the sale of a 78.1% stake in food retailer Tansas to Koc Holding A.S. in November 2005; and (2) the sale of 25.5% in ordinary shares and 49.2% in founders' shares of its banking arm, Turkiye Garanti Bankasi A.S. (Garanti; BB-/Stable/--), to General Electric Co. (AAA/Stable/A- 1+) in December 2005. The proceeds from the two deals above, US$229 million from Tansas via the group's corporate arm Dogus Corporate and US$1.8 billion from Garanti, combined with US$305 million Dogus received from the sale of put options to an investment fund, have substantially reduced Dogus' leverage. The group is likely to have a cash position of about US$1.25 billion at year-end 2005, with unadjusted gross debt of about US$500 million at the holding-company level and Dogus Corporate, compared with US$1.0 billion at Dec. 31, 2004. We expect debt to continue to decline, as Dogus' large cash pile will enable the group to repay some outstanding debt. "We expect that Dogus will follow a relatively conservative strategy and keep a satisfactory financial and liquidity profile," said Mr. Volland. The group's tender for the Turkish automotive inspection and national lottery concession business is unlikely to harm liquidity as Dogus plans to finance these potential acquisitions through special-purpose vehicles. "Management's business strategy for the group's remaining operating subsidiaries, future dividend policy, and use of disposal proceeds will be key considerations for the future direction of the ratings," Mr. Volland said. Ratings information is available to subscribers of RatingsDirect at http://www.ratingsdirect.com It can also be found at http://www.standardandpoors.com Alternatively, call one of the these Standard & Poor's numbers: Client Support Europe (44) 20- 7176-7176; London Press Office Hotline (44) 20-7176-3605; Paris (33) 1-4420-6708; Frankfurt (49) 69-33-999-225; Stockholm (46) 8-440-5916; or Moscow (7) 095-783-4017. Members of the media may also contact the European Press Office via e-mail: media_europe@standardandpoors.com CONTACT: DOGUS HOLDING A.S. Web site: http://www.dogusholding.com.tr/ ============= U K R A I N E ============= AVTOSHTAMP: Bankruptcy Supervision Starts ----------------------------------------- The Economic Court of Kirovograd region commenced bankruptcy supervision procedure on CJSC Plant Avtoshtamp (code EDRPOU 14368956) on July 29, 2005. The case is docketed as 10/155. Mr. Vadim Kosarenko (License Number AA 484182) has been appointed temporary insolvency manager. The company holds account number 26006181251001 at CB Privatbank, Oleksandriya branch, MFO 323691. Creditors have until December 30, 2005 to submit their proofs of claim to: (a) AVTOSHTAMP 28000, Ukraine, Kirovograd region, Oleksandriya, B. Yoganson Str. 1 (b) VADIM KOSARENKO Temporary Insolvency Manager Ukraine, Kirovograd region, Preobrazhenska Str. 6/29 Phone: (050) 565-74-78 (c) ECONOMIC COURT OF KIROVOGRAD REGION 25022, Ukraine, Kirovograd region, Lunacharski str. 29 ILLINETSKIJ TIN: Last Day for Filing Claims Tomorrow ---------------------------------------------------- The Economic Court of Vinnitsya region commenced bankruptcy supervision procedure on LLC Illinetskij Tin Plant (code EDRPOU 04395225) on November 17, 2005. The case is docketed as B 24/243/05. Tushevskij Anatolij (License Number AA 176044) has been appointed temporary insolvency manager. The company holds account number 260023011338 at JSCB Mriya, MFO 302559. Creditors have until December 30, 2005 to submit their proofs of claim to: (a) ILLINETSKIJ TIN PLANT 22700, Ukraine, Vinnitsya region, Illintsi, Shors Str. 1 (b) TUSHEVSKIJ ANATOLIJ Temporary Insolvency Manager 21000, Ukraine, Vinnitsya region, 40-richya Peremogi Str. 27 A, room 57 Phone: 35-63-09 (c) ECONOMIC COURT OF VINNITSYA REGION 21100, Ukraine, Vinnitsya region, Hmelnitske Shose, 7 MANVIT: Insolvency Manager Takes over Operations ------------------------------------------------ The Economic Court of Dnipropetrovsk region commenced bankruptcy proceedings against Manvit (code EDRPOU 21889443) on November 17, 2005 after finding the limited liability company insolvent. The case is docketed as B 24/243/05. Mr. Yurin Mikola (License Number AA 783080) has been appointed liquidator/insolvency manager. The company holds account number 26006156101001 at CB Privatbank, Nikopol branch, MFO 305891. Creditors have until December 30, 2005 to submit their proofs of claim to: (a) MANVIT Ukraine, Dnipropetrovsk region, Nikopol, (b) YURIN MIKOLA Temporary Insolvency Manager 53219, Ukraine, Dnipropetrovsk region, Nikopol, Druzhbi Str. 6/98 (c) ECONOMIC COURT OF DNIPROPETROVSK REGION 49600, Ukraine, Dnipropetrovsk region, Kujbishev Str. 1a PLEMZAVOD KVITNEVE: Falls into Insolvency ----------------------------------------- The Economic Court of Hmelnitskij region commenced bankruptcy proceedings against Plemzavod Kvitneve (code EDRPOU 23652828) on November 15, 2005 after finding the limited liability company insolvent. The case is docketed as 17/214-B. Mr. M. Dejneka (License Number AA 779296) has been appointed liquidator/insolvency manager. Creditors have until December 30, 2005 to submit their proofs of claim to: (a) PLEMZAVOD KVITNEVE Ukraine, Hmelnitskij region, Bilogirskij district, Kvitneve (b) M. DEJNEKA Liquidator/Insolvency Manager Ukraine, Hmelnitskij region, Hortovitskij Str. 8/120 (c) ECONOMIC COURT OF HMELNITSKIJ REGION 29000, Ukraine, Hmelnitskij region, Nezalezhnosti Square 1 SHAHTOBUDIVELNIK: Creditors' Claims Due this Week ------------------------------------------------- The Economic Court of Donetsk region commenced bankruptcy proceedings against Shahtobudivelnik (code EDRPOU 00184069) on November 10, 2005 after finding the open joint stock company insolvent. The case is docketed as 33/110 B. Mr. Oleksij Angelin (License Number 116137) has been appointed liquidator/insolvency manager. Creditors have until December 30, 2005 to submit their proofs of claim to: (a) SHAHTOBUDIVELNIK Ukraine, Donetsk region, Selidove, Gostre (b) OLEKSIJ ANGELIN Liquidator/Insolvency Manager 87200, Ukraine, Donetsk region, Starobeshevo, Licheva Str. 78 (c) ECONOMIC COURT OF DONETSK REGION 83048, Ukraine, Donetsk region, Artema Str. 157 SVITOCH CONFECTIONERY: Succumbs to Bankruptcy --------------------------------------------- The Economic Court of Lviv region commenced bankruptcy supervision procedure on Private Enterprise Confectionery Factory Svitoch (code EDRPOU 32800912) on October 25, 2005. The case is docketed as 6/256-29/312. Mr. Roman Ulyanik (License Number AA 669647) has been appointed temporary insolvency manager. The company holds account number 260055447 at JSPPB Aval, Lviv regional branch, MFO 336462. Creditors have until December 30, 2005 to submit their proofs of claim to: (a) CONFECTIONERY FACTORY SVITOCH: Ukraine, Lviv region, Shevchenko Str. 321 (b) ROMAN ULYANIK Temporary Insolvency Manager 79052, Ukraine, Lviv region, Shiroka Str. 90/16 (c) ECONOMIC COURT OF LVIV REGION 79010, Ukraine, Lviv region, Lichakivska Str. 81 UKRGAZGRUP: Kyiv Court Opens Bankruptcy Proceedings --------------------------------------------------- The Economic Court of Kyiv region commenced bankruptcy proceedings against Ukrgazgrup (code EDRPOU 30467543) on October 20, 2005 after finding the open joint company insolvent. The case is docketed as 43/787-b. Mr. Petro Shnit (License Number AA 783238) has been appointed liquidator/insolvency manager. The company holds account number 260053519 at JSB Ukrgazbank, MFO 320478. Creditors have until December 30, 2005 to submit their proofs of claim to: (a) UKRGAZGRUP 02068, Ukraine, Kyiv region, Knyazhij zaton Str. 11/135 (b) PETRO SHNIT Liquidator/Insolvency Manager 02068, Ukraine, Kyiv region, Knyazhij zaton Str. 11/135 (c) ECONOMIC COURT OF KYIV REGION 01030, Ukraine, Kyiv region, B. Hmelnitskij Boulevard, 44-B =========================== U N I T E D K I N G D O M =========================== BALMY MOODS: Appoints BDO Stoy Hayward Liquidator ------------------------------------------------- M. R. Cavell, chairman of Balmy Moods Limited, informs that the subjoined special resolution to wind up the company was passed at an EGM held on Nov. 30 at The Atrium, 20 Wollaton Street, Nottingham. Dermot Justin Power and Matthew Dunham of BDO Stoy Hayward LLP, Commercial Buildings, 11-15 Cross Street, Manchester M2 1BD were appointed joint liquidators. Creditors are required on or before January 9, 2005 to send in their names, addresses, debt or claims to Dermot Justin Power. CONTACT: BDO STOY HAYWARD LLP Commercial Buildings, 11-15 Cross Street, Manchester M2 1BD Phone: 0161 817 3700 Fax: 0161 817 3711 E-mail: manchester@bdo.co.uk Web site: http://www.bdo.co.uk BOSWELL HOTELS: Claims Filing Period Ends Friday ------------------------------------------------ J. R. Boswell, chairman of Boswell Hotels Limited, informs that the special and ordinary resolutions to wind up the company were passed at an EGM held on Dec. 5 at 29 King Street, Newcastle under Lyme, Staffordshire ST5 1ER. Martin Williamson of DS Insolvency Services Ltd., 29 King Street, Newcastle, Staffordshire ST5 1ER was appointed liquidator. Creditors are required on or before December 30, 2005 to send in their full names, addresses and descriptions, full particulars of debts or claims, and the names and addresses of Solicitors (if any), to Martin Williamson. CONTACT: DS INSOLVENCY SERVICES LTD. 29 King Street Newcastle-Under-Lyme Staffordshire ST5 1ER Phone: 01782 614618 Fax: 01782 717287 E-mail: mwilliamson@dsinsolvency.co.uk CANADIAN CHEESE: Gives Creditors Until January 6 to File Claims --------------------------------------------------------------- Company Names: CANADIAN CHEESE HOLDINGS LIMITED CANADIAN CHEESE IMPORTS LIMITED D. Waite, chairman of these companies, informs that the special and extraordinary resolutions to wind up the firms were passed at an EGM held on Dec. 2 at 405 The West Mall, 10th Floor, Toronto, Ontario, Canada. Matthew Richard Meadley Wild and Geoffrey Lambert Carton-Kelly of Baker Tilly, The Clock House, 140 London Road, Guildford, Surrey GU1 1U were appointed joint liquidators. Creditors are required on or before January 6, 2006 to send in their full names, addresses and descriptions, full particulars of debts or claims, and the names and addresses of Solicitors (if any), to Matthew Richard Meadley Wild. CONTACT: BAKER TILLY The Clock House, 140 London Road, Guildford, Surrey GU1 1UW Phone: 01483 307000 Fax: 01483 569 281 Web site: http://www.bakertilly.co.uk CHANDOS HOLDINGS: Calls in Liquidator from Harrisons ---------------------------------------------------- P. Turtle, chairman of Chandos Holdings Limited, informs that the special resolution to wind up the company was passed at an EGM held on Nov. 30 at 99 Gresham Street, London EC2V 7NG. P. R. Boyle of Harrisons, 4 St Giles Court, Southampton Street, Reading RG1 2QL was appointed liquidator. CONTACT: HARRISONS 4 St Giles Court, Southampton Street, Reading RG1 2QL Phone: 0118 951 0798 Fax: 0118 939 4409 E-mail: info@harrisons.uk.com Web site: http://www.harrisons.uk.com DESIGN & DEVELOPMENT: Files for Liquidation ------------------------------------------- A. Livingstone, director of Design & Development U.K. Limited - NC, informs that the extraordinary and ordinary resolutions to wind up the firm were passed at an EGM held on Oct. 18 at Fergusson & Co. Ltd., Shackleton House, Falcon Court, Preston Farm Industrial Estate, Stockton on Tees TS18 3TS. Malcolm Edward Fergusson of Fergusson & Co. Ltd., Shackleton House, Falcon Court, Preston Farm Industrial Estate, Stockton on Tees TS18 3TS was appointed liquidator. CONTACT: FERGUSSON & CO LIMITED Shackleton House Falcon Court Preston Farm Stockton On Tees North Yorkshire TS18 3TS Phone: 01642 669 155 Fax: 01642 613 535 DMI (LOWESTOFT): Hires Liquidators from KPMG -------------------------------------------- DMI (Lowestoft) Limited informs that the special and ordinary resolutions to wind up the company were passed at an EGM held on Dec. 1 at Unit 1, Mile House Business Park, Darlington Road, Northallerton, North Yorkshire DL6 2NW. John Paul Bateman and Brian Green of KPMG LLP, 8 Princes Parade, Liverpool L3 1QH were appointed joint liquidators. CONTACT: KPMG LLP 8 Princes Parade, Liverpool L3 1QH Phone: (0151) 473 5100 Fax: (0151) 473 5200 Web site: http://www.kpmg.co.uk DOUGLAS OF SCOTLAND: Files for Liquidation ------------------------------------------ Another famous British textile firm has folded up, leaving 42 workers jobless, The Daily Record says. The company blames cheap foreign imports for its financial difficulties. Alan Barr, a spokesman for liquidators KPMG, said: "It is really bad timing for the workers and I really feel for them. The company directors felt they could no longer continue paying wages to the staff and took the decision to petition the Court of Session for liquidators to be appointed." Douglas of Scotland, which opened its first factory in Hawick in 1874, is one of the most famous names in the textile industry. For over 50 years, the company has manufactured knitwear of superior quality from its processing mill in the 'Home of Cashmere' in Hawick, Roxburghshire. CONTACT: DOUGLAS OF SCOTLAND LTD. 2/6 Lothian Street Hawick TD9 9HB Scotland Phone: 01450 373359 Fax: 01450 374605 Web site: http://www.douglasofscotland.co.uk/ EASY SERVICES: Succumbs to Liquidation -------------------------------------- S. Smith, director of Easy Services U.K. Limited - NC, informs that the extraordinary and ordinary resolutions to wind up the firm were passed at an EGM held on Nov. 15 at Holiday Inn Derby, M1 Junction 25, Nottingham NG10 5NJ. Colin Burke of Milner Boardman & Partners, Century House, Ashley Road, Hale, Cheshire WA15 9TG was appointed liquidator. CONTACT: MILNER BOARDMAN & PARTNERS Century House, Ashley Road, Hale, Cheshire WA15 9TG Phone: 0161 927 7788 Fax: 0161 927 7733 E-mail: info@milnerb.co.uk Web site: http://www.milnerboardman.co.uk E RUBINSTEIN: Appoints Begbies Traynor Liquidator ------------------------------------------------- R. Rubinstein, chairman of E Rubinstein & Sons Limited, informs that the extraordinary and ordinary resolutions to wind up the firm were passed at an EGM held on Nov. 10 at Elliot House, 151 Deansgate, Manchester M3 3BP. Stephen L. Conn of Begbies Traynor, Elliot House, 151 Deansgate, Manchester M3 3BP was appointed liquidator. CONTACT: BEGBIES TRAYNOR Elliot House 151 Deansgate Manchester M3 3BP Phone: 0161 839 0900 Fax: 0161 839 7436 E-mail: manchester@begbies-traynor.com Web site: http://www.begbies.com EXPRESS EXHIBITIONS: Names Langley & Partners Liquidator -------------------------------------------------------- J. W. Bolton, director of Express Exhibitions Limited - NC (t/a SES), informs that the extraordinary and ordinary resolutions to wind up the firms were passed at an EGM held on Nov. 8 at Langley House, Park Road, London N2 8EX. Alan Simon was appointed liquidator. CONTACT: LANGLEY & PARTNERS Langley House Park Road East Finchley London N2 8EX Phone: 020 8444 2000 Fax: 020 8444 3400 E-mail: philip.simons@langleypartners.co.uk GLOBUS OFFICE: Appoints PricewaterhouseCoopers Liquidator --------------------------------------------------------- Company Names: GLOBUS OFFICE WORLD SUPERSTORES LIMITED GLOBUS OFFICE WORLD DEVELOPMENTS (BASILDON) LIMITED OFFICE 1 (GLASGOW) LIMITED OFFICE WORLD DIRECT LIMITED THE BUSINESS SUPERSTORE LIMITED W. Kemmler, chairman of these companies, informs that the special and ordinary resolutions to wind up the firms were passed at an EGM held on Dec. 1. Jonathan Sisson and Tim Walsh of PricewaterhouseCoopers LLP, 12 Plumtree Court, London EC4A 4HT were appointed joint liquidators. CONTACT: PRICEWATERHOUSECOOPERS LLP Plumtree Court London EC4A 4HT Phone: [44] (20) 7583 5000 Fax: [44] (20) 7822 4652 Web site: http://www.pwc.com LEOJAY HOLDINGS: Liquidator from Harrisons Enters Firm ------------------------------------------------------ Company Names: LEOJAY HOLDINGS LIMITED LEOPOLD JOSEPH UNIT TRUST MANAGERS LIMITED P. Turtle, chairman of these companies, informs that the special resolution to wind up the firms were passed at an EGM held on Nov. 30 at 99 Gresham Street, London EC2V 7NG. P. R. Boyle of Harrisons, 4 St Giles Court, Southampton Street, Reading RG1 2QL was appointed liquidator. CONTACT: HARRISONS 4 St Giles Court, Southampton Street, Reading RG1 2QL Phone: 0118 951 0798 Fax: 0118 939 4409 E-mail: info@harrisons.uk.com Web site: http://www.harrisons.uk.com LOCKWOOD & CARLISLE: KPMG Liquidators Take over Helm ---------------------------------------------------- Company Names: LOCKWOOD & CARLISLE LIMITED MERISTEM LAND LIMITED REDGLOBE LIMITED ROYTEC LIMITED These firms inform that the special, ordinary and extraordinary resolutions to wind up their operations were passed at a general meeting held on Dec. 1. John Paul Bateman and Brian Green of KPMG LLP, 8 Princes Parade, Liverpool L3 1QH were appointed joint liquidators. CONTACT: KPMG LLP 8 Princes Parade, Liverpool L3 1QH Phone: (0151) 473 5100 Fax: (0151) 473 5200 Web site: http://www.kpmg.co.uk PLANTATION STUD: Claims Filing Period Ends January 9 ---------------------------------------------------- M. Musgrave, chairman of Plantation Stud Limited, informs that the subjoined special resolution to wind up the firm was passed at an EGM held on Dec. 5 at Speechly Bircham, 6 St Andrew Street, London EC4A 3LX. Anthony Murphy and Roger Tulloch (both licensed by the Institute of Chartered Accountants in England and Wales) of Smith & Williamson Limited were appointed joint liquidators. Creditors are required on or before January 9, 2006 to send in their full forenames and surnames, addresses and descriptions, full particulars of debts or claims and the names and addresses of Solicitors (if any) to Anthony Murphy. CONTACT: SMITH & WILLIAMSON LIMITED No 1 Bishops Wharf Walnut Tree Close Guildford GU1 4RA Phone: 01483 407 100 Fax: 01483 301 232 Web site: http://www.smith.williamson.co.uk SNYDER FINANCE: Liquidators from Vantis Numerica Enter Firm ----------------------------------------------------------- At the extraordinary general meeting of Snyder Finance (Europe), the special resolution to wind up the company was passed. Frank Wessely and Peter Hughes-Holland of Vantis Numerica, 81 Station Road, Marlow, Buckinghamshire SL7 1SX were appointed joint liquidators. CONTACT: VANTIS NUMERICA 81 Station Road, Marlow, Buckinghamshire SL7 1SX Phone: 01628 478100 Fax: 01628 472629 Web site: http://www.vantisnumerica.com SPIELOTHEK (U.K.): Files for Liquidation ---------------------------------------- Members of Spielothek (U.K.) Limited inform that the special and ordinary resolutions to wind up the company were passed at an EGM held on Nov. 30 at Merkur Allee 1-15, 32339 Espelkamp, Germany. Keith R. Morgan of PKF (U.K.) LLP was appointed liquidator. Creditors are required on or before February 25, 2006 to send in their full forenames and surnames, addresses and descriptions, full particulars of debts or claims, and the names and addresses of Solicitors (if any), to Keith R. Morgan of 18 Park Place, Cardiff CF10 3PD. CONTACT: PKF (U.K.) LLP 18 Park Place, Cardiff CF10 3PB Web site: http://www.pkf.co.uk THOMAS STODDART: Folds up after 100 Years in Business ----------------------------------------------------- About 30 workers lost their jobs after Thomas Stoddart went into receivership on Dec. 22, the Evening Times says. The news came as a shock to workers. One staff, at the Glasgow factory, said: "This is some Christmas present. It came totally out of the blue." According to reports, the company, which turned 100 years old this year, cited unpaid VAT worth GBP500,000 in its petition. Managing director Robert Marshall explains: "The company had been dragging debt for 10 to 15 years but this has come out of the blue. We were trying to keep it going until we could move to a new factory in London Road next year." Liquidator Charles Moore said the staff have received all wages and could apply through the Department of Trade and Industry for holiday or redundancy money. He added outstanding orders will be honored. Thomas Stoddart is a family-run business with one hundred years experience in the bed industry. Its expertise and traditional values makes it one of Scotland's leading bed specialists. CONTACT: THOMAS STODDART 544 Baltic Street Dalmarnock Glasgow G40 4SF Phone: 0800 0921 456 (for U.K. residents only) E-mail: customerservice@thomas-stoddart.co.uk Web site: http://www.thomas-stoddart.co.uk/ ********* 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. 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