/raid1/www/Hosts/bankrupt/TCREUR

/raid1/www/Hosts/bankrupt/TCREUR_Public/050722.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 Friday, July 22, 2005, Vol. 6, No. 144 Headlines C Z E C H R E P U B L I C AERO VODOCHODY: Sale Takes Off G E R M A N Y ADAMS FENSTER: Aachen Court Calls in Administrator BOHM MEDIZINTECHNIK: Proofs of Claim Due October DAFRO GMBH: Court to Verify Claims September INFINEON TECHNOLOGIES: Investors Seek Clarity in Bribery Scandal SCHAFFER MOBEL: Falls into Bankruptcy SCHIEDER MOEBEL: Requests S&P to Withdraw Rating SVV MULTIVISOR: Fuerth Court Appoints Dr. Goede Administrator THOMAS COOK: Aldiana's Fate Known in Coming Weeks THOMAS COOK: Subsidiary on Track to Report Profit UCR UMWELTCONCEPTE: Under Bankruptcy Administration VLIETLAND RECYCLING: Creditors' Claims Due Next Month WAGNER UND PARTNER: Creditors Meeting Set September H U N G A R Y MALEV HUNGARIAN: KrasAir Seen to Win Tender N E T H E R L A N D S ROYAL NUMICO: Raising Stake in Indonesian Biz to 86.3% ROYAL SHELL: To Release Second-quarter Results Next Week R U S S I A AGRO-PROM-MEKH-MONTAZH: Proofs of Claim Deadline Set Monday AUTO-COLUMN 1801: Succumbs to Bankruptcy CHERNOZEMYE: Undergoes Bankruptcy Supervision Procedure CONCERN ORENBURG-MILL: Under Bankruptcy Supervision DELTACREDIT BANK: Credit, Deposit Ratings Upgraded to 'B' KIRSANOVSKIY: Hires Insolvency Manager from Tambov MAGIC-T: Hires P. Tumbasov Insolvency Manager OB-POLYMER: Undergoes Bankruptcy Supervision Procedure RUSSIAN BANK: Planned US$150 Mln Eurobond Rated 'BB+' TAV-DAL-WOOD-PROM: Bankruptcy Hearing Set Next Month TEPLOVSKIY DOR-STROY: Creditors Have Until Monday to File Claims TREST URAL-MASH-STROY: Proofs of Claim Due Next Week S P A I N AUNA OPERADORES: Another Bidder Pulls out of Talks S W I T Z E R L A N D SWISS INTERNATIONAL: Settles Dispute with SR Technics T U R K E Y OYAK BANK: Credit, Deposit Ratings at 'BB-/B' U K R A I N E ARTEMIVSK' ELEVATOR: Descends into Insolvency DIBROVA: Vinnitsya Court Opens Bankruptcy Proceedings KERCH' COTTON: Under Bankruptcy Supervision LUGANSK' CITY: Bankruptcy Supervision Starts SOYUZMETAL: Court Names T. Tananiko Liquidator STROJDORSERVICE: Gears up for Liquidation TAJSTRA-POLTAVA-TORG: Insolvency Manager Comes in UKRPROMSERVICE: Declared Insolvent YUZHNERUDPROM: Liquidator Takes over Operations ZNAMYANKA' AGROTEHSERVICE: Court Appoints Insolvency Manager U N I T E D K I N G D O M ACCOMPLISHED AUTOMATION: In Voluntary Liquidation AEROSPACE INDUSTRY: Business for Sale ALLIED DOMECQ: Fitch Withdraws Ratings as Takeover Nears ARTIC RECRUITMENT: Falls into Liquidation ASTRA AIR: Members Opt for Liquidation ATA WINDOWS: Members Decide to Liquidate Firm AUTOTECH SOLUTIONS: Members Pass Winding-up Resolution BAE SYSTEMS: US$1.5 Billion Notes Rated 'BBB' BELL DAVIES: Hires Vantis Business Recovery Liquidator B H L ROLLS: Names BDO Stoy Hayward Administrator BIBRA INTERNATIONAL: Names Liquidators from Mazars BIRCHILLS COMMUNITY: In Voluntary Liquidation BLIND TIGER: Hires Administrators from Mazars BLUVEN LIMITED: Winding-up Resolutions Passed at EGM BMS FASHIONS: Calls in Liquidator BURWOOD AUTOMOTIVE: Members Decide to Liquidate Firm CANHAM & STANLEY: Debt Claims Deadline Set September C H GLAZING: To Hold Creditors Meeting September CLEMENTS RIBEIRO: Fashion Designer to Liquidate COLLINS & AIKMAN: Satyam Demands Lease Decision CORUS GROUP: Hires Danieli to Improve Scunthorpe Operations COURTEZAN LIMITED: Clothing Company Falls into Liquidation CRAFTS PLUS: Members Decide to Wind-up Firm D & SMB: Calls in Liquidator from B & C Associates ETUDE CONSULTING: IT Consultant to Liquidate EUROFIT FABRICATIONS: Appoints Poppleton & Appleby Liquidator FALCON SECURITY: In Liquidation FARDRE HOLDINGS: Liquidators from PKF Move in FIREBIRD SUITE: In Liquidation FKI PLC: U.S. Housing Slump Affects Hardware Unit FLOE TELECOM: Probe on Complaint Against Vodafone to Go Ahead GROVENOR GREEN: Property Developer Liquidates HAMLIN DEVELOPMENTS: Members Decide to Wind up Firm H C LORIE: Textile Wholesaler Calls in Administrator INDUSTRIAL FINISHERS: Members Pass Winding-up Resolution INNER CIRCLE: Appoints Liquidator INTERFOCUS TECHNOLOGY: Calls in Joint Liquidators INVENTIONS DIRECT: Members Pass Winding-up Resolution JEMR LIMITED: Hires Liquidators from PKF KESSITEX (FABRIC PRINTERS): Hires Liquidator from Cooper Parry KOKO YORK: Creditors to Meet August KRAM INTERNATIONAL: Members Opt for Liquidation LANCING NAVAL: Administrator from Numerica Moves in LASER CARE: Stationery Supplier to Liquidate MARKEY SITE: Winding-up Report Out Next Month MISYS PLC: Non-executive Director to Step Down September M MCGRATH: Appoints Joint Liquidators NEW INSTALLATION: Administrator from Abbey Taylor Moves in NORTH WEST: Members Vote on Liquidation OAKLEY CAR: In Voluntary Winding-up OCEANSIGN LIMITED: Names Tenon Liquidator OFFICE LOGISTICS: Liquidation Decided at EGM PARKWAY (DIDSBURY): Calls in Liquidator from David Platt PD PORTS: To Focus on Sale of Non-core Assets this Year PENGE4U LIMITED: Winding-up Resolutions Passed at EGM PF (WALES): Administrators from BDO Stoy Hayward Move in PONTARDAWE FOUNDRY: Appoints BDO Stoy Hayward Administrator PRIDE MAGAZINE: In Voluntary Liquidation PROBIND UK: Appoints Kroll Limited Administrator RAILTRACK PLC: Mr. Byers Says Sorry for False Testimonies RENTOKIL INITIAL: Kingfisher Finance Director Joins Board RENTOKIL INITIAL: IFRS Adoption to Hit Employee Benefits R & R (ROLL DEVELOPMENTS): Hires BDO Stoy Hayward Administrator R & R (WALES): Iron, Steel Manufacturer Calls in Administrator SAMM CUISINE: Members Opt for Liquidation SOUTHERN PLASTERING: Names Tenon Liquidator SOUTH MOSS: Members Vote on Liquidation SPOILS 02: Furniture Retailer in Liquidation THOMAS CANDY: Construction Firm in Liquidation TMC TRANSPORT: Final Creditors Meetings Set Late Next Month TORVER FILTRATION: Royal Bank of Scotland Appoints Receiver TORVER SITE: In Administrative Receivership U.K. COAL: Expects to Lose GBP30 Million in First Half WESTON STEELSTRUCTURES: Engineering Firm to Liquidate WINGATE AND MOON: In Voluntary Liquidation ZADE LTD: Liquidator Moves in ********* =========================== C Z E C H R E P U B L I C =========================== AERO VODOCHODY: Sale Takes Off ------------------------------ The government has given the go signal for the sale of troubled aircraft maker Aero Vodochody, Czech News Agency reports citing Vice-Premier for Economy Martin Jahn. The Finance Ministry and the Industry and Trade Ministry are proposing a two-round tender in which both Aero and its debt will be offered. The first part will be a pre-qualifying stage where bidders will be asked to prove experience in aircraft manufacturing and submit a viable business plan. The second will be a contest of the best price. The ministers will declare a winner in spring 2006. The sale has already attracted five to ten bidders. The ministers, however, still have to decide on the final terms of the sale. The Defense Ministry expressed doubts on Aero's sale as a whole. The ministry is asking for the preservation of Malev's repair and support facilities for L-39 and L-159 military aircraft, recommending that the unit be transferred to another state-owned company. Defense Ministry spokesman Andrej Cirtek said he does not oppose Aero's privatization. His only concern is to secure the country's defense capability. The government will come up with the final terms of the sale in autumn. CKA, which holds a 46.6% stake in Aero, is currently looking for financial and legal advisers for sale. The government will accept bids until October 12. The sale is aimed at saving the plane maker from bankruptcy. The state took over Boeing's share as well as Aero's CZK9 billion debt in October 2004 after expressing dissatisfaction over the latter's inability to secure enough orders for Aero. It then attempted to restructure the firm by writing off debt, but the European Commission thwarted the plan, saying it was an illegal state aid. Aero posted CZK295 million in turnover in 2004, with losses accumulating at CZK8.1 billion. The group currently employs 1,600 people, 700 less than three years ago. Board chairman Petr Klimes recently replaced Antonin Jakubse as Aero's president. Aero specializes in overhauling L-39 and L-159 military aircraft. The group also assists the military on the L-159 program and coordinates with other firm on supplying components for planes and helicopters. Aero recently said it mulls offering a license to produce L-159 to foreign companies. CONTACT: AERO VODOCHODY 250 70 Odolena Voda, Czech Republic Phone: +420 25576 1111 Fax: +420 25576 2111 or +420 25576 5999 Web site: http://www.aero.cz ============= G E R M A N Y ============= ADAMS FENSTER: Aachen Court Calls in Administrator -------------------------------------------------- The district court of Aachen opened bankruptcy proceedings against Adams Fenster-Tueren-Rolladen Kommanditgesellschaft on July 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until August 19, 2005 to register their claims with court-appointed provisional administrator Thomas Georg. Creditors and other interested parties are encouraged to attend the meeting on September 13, 2005, 10:40 a.m. at the district court of Aachen, Nebenstelle Augustastrasse, Augustastrasse 78/80, 52070 Aachen, II. Etage, Zimmer 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: ADAMS FENSTER-TUEREN-ROLLADEN KOMMANDITGESELLSCHAFT Bergische Gasse 9, 52066 Aachen Contact: Josefine Adams, Manager Bismarckstr. 156, 52066 Aachen Thomas Georg, Administrator Juelicher Strasse 116, 52070 Aachen Phone: 0241/94618-0 Fax: 0241/533562 BOHM MEDIZINTECHNIK: Proofs of Claim Due October ------------------------------------------------ The district court of Charlottenburg opened bankruptcy proceedings against Bohm Medizintechnik GmbH on July 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until October 1, 2005 to register their claims with court-appointed provisional administrator Rolf Nacke. Creditors and other interested parties are encouraged to attend the meeting on August 2, 2005, 9:50 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 November 29, 2005, 9:35 a.m. at the same venue. CONTACT: BOHM MEDIZINTECHNIK GmbH Thyssenstrasse 7 - 17,13407 Berlin Rolf Nacke, Administrator Gross-Berliner Damm 73 c, 12487 Berlin DAFRO GMBH: Court to Verify Claims September -------------------------------------------- The district court of Aachen opened bankruptcy proceedings against DaFro GmbH on July 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until August 26, 2005 to register their claims with court-appointed provisional administrator Frank Wiedemann. Creditors and other interested parties are encouraged to attend the meeting on September 26, 2005, 10:30 a.m. at the district court of Aachen, Nebenstelle Augustastrasse, Augustastrasse 78/80, 52070 Aachen, I. Etage, Saal 14, 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: DAFRO GmbH Gruener Weg 17, 52080 Aachen Contact: Karl David, Manager Seffenter Weg 81, 52074 Aachen Bernd Frohn, Manager Verlautenheidener Str. 161 a, 52080 Aachen Frank Wiedemann, Administrator Eupener Str. 181, 52066 Aachen Phone: 0241/6052800 Fax: 0241/6052799 INFINEON TECHNOLOGIES: Investors Seek Clarity in Bribery Scandal ---------------------------------------------------------------- Shareholders of Infineon Technologies AG have complained against the chipmaker's lack of transparency in the bribery claims against a top executive. This came after the company revealed that Andreas von Zitzwewitz was under investigation for alleged corruption concerning racing sponsorship deals. According to Suddeutsche Zeitung, supervisory board chairman Max Dietrich Kley came under fire as shareholders worry that a lengthy scandal could result from attempts to conceal details regarding the claims. He told the paper he has been informed of the allegations over a year ago; however, no proof to pin down Mr. Zitzwewitz surfaced after an intensive probe. Meanwhile, Mr. Zitzwewitz, who led the firm's memory chip division, has offered to resign. Following a preliminary investigation, Munich prosecutors said Mr. Zitzwewitz pocketed some US$370,000 (EUR306,779) in bribes for contracts involving motorsport sponsorships. Employees have also expressed disappointment, but said the reports did not come as a shock to them given the recent scandal hounding Volkswagen AG. Jurgen Thumann, president of the German industry confederation BDI, discourages against taking the recent cases as signs of widespread corruption in the German industry. CONTACT: INFINEON TECHNOLOGIES AG Worldwide Headquarters P.O. Box 80 09 49 D-81609 Muenchen Germany Web site: http://www.infineon.com Phone: +49-89-234-28481 Fax: +49-89-234-28482 E-mail: guenter.gaugler@infineon.com For Investors and Analysts based in Europe: Phone: +49-89-234 26655 E-mail: investor.relations@infineon.com For Investors and Analysts based in North America: Phone: +-1-408 501 6800 E-mail: investor.relations@infineon.com Christoph Liedtke U.S.A. Phone: +1-408 501-6790 Fax: +1-408 501-2424 E-mail: christoph.liedtke@infineon.com Kaye Lim Asia Phone: +65-6840-0689 Fax: +65-6840-0073 E-mail: kaye.lim@infineon.com Hirotaka Shiroguchi Japan Phone: +81-3-5449-6795 Fax: +81-3-5449-6401 E-mail: hirotaka.shiroguchi@infineon.com SCHAFFER MOBEL: Falls into Bankruptcy ------------------------------------- The district court of Bielefeld opened bankruptcy proceedings against Schaffer Mobel GmbH on July 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until August 18, 2005 to register their claims with court-appointed provisional administrator Hans-Peter Burghardt. Creditors and other interested parties are encouraged to attend the meeting on September 8, 2005, 10:00 a.m. at the district court of Bielefeld, Gerichtstrasse 6, 33602 Bielefeld, 4. Ebene, Saal 4065, 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: SCHAFFER MOBEL GmbH Sachsenweg 55, 32547 Bad Oeynhausen Contact: Dr. Klaus Althoff, Manager Hans-Peter Burghardt, Administrator Bunsenstr. 3, 32052 Herford SCHIEDER MOEBEL: Requests S&P to Withdraw Rating ------------------------------------------------ Standard & Poor's Ratings Services withdrew its 'B+' long-term corporate credit rating on Germany-based furniture manufacturer Schieder Moebel Holding GmbH, at the company's request. The prospective 'B-' rating on the company's proposed senior subordinated bond was also withdrawn, as the bond was not issued as planned. No rated financial debt is currently outstanding. 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 following 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 on: media_europe@standardandpoors.com. CONTACT: STANDARD AND POOR'S RATING SERVICES Group E-Mail Address CorporateFinanceEurope@standardandpoors.com SVV MULTIVISOR: Fuerth Court Appoints Dr. Goede Administrator ------------------------------------------------------------- The district court of Fuerth opened bankruptcy proceedings against SVV MultiVisor GmbH on June 23. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until August 22, 2005 to register their claims with court-appointed provisional administrator Dr. Steffen Goede. Creditors and other interested parties are encouraged to attend the meeting on August 4, 2005, 11:30 a.m. at the district court of Fuerth, Zi. 3, EG, Dienstgebaude, Baumenstrasse 32, 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: SVV MULTIVISOR GmbH Nordring 11 in 90765 Fuerth Dr. Steffen Goede, Administrator Peuntgasse 3, 90402 Nuernberg Phone: 0911/279800 Fax: 0911/2798090 THOMAS COOK: Aldiana's Fate Known in Coming Weeks ------------------------------------------------- Travel group Thomas Cook will decide on the sale of its holiday resort unit, Aldiana, within the next few weeks, Frankfurter Allgemeine Zeitung reports. According to the daily, Thomas Cook is considering two options: sell parts of Aldiana to a private equity group or pull out completely from the business. Aldiana is a non-core business that contributed to its EUR175.9 million loss last year via a EUR29.3 million write-down. Eyeing Aldiana are travel operators TUI and Kuoni Travel and U.S. financial investor Advent International. The sale is part of the company's effort to return to profitability by October. The German tour operator booked EUR7.5 billion in turnover in 2004. Lufthansa and KarstadtQuelle jointly own Thomas Cook, Europe's No. 2 travel agency. CONTACT: THOMAS COOK AG Zimmersmuehlenweg 55 61440 Oberursel Phone: +49-6171-6500 Fax: +49-6171-652-125 Web site: http://www.thomascook.de THOMAS COOK: Subsidiary on Track to Report Profit ------------------------------------------------- A tour operator unit of troubled travel group Thomas Cook will post a profit for the financial year ending Oct. 31, 2005, says Frankfurter Allgemeine Zeitung. Speaking at the presentation of Neckermann's winter catalogue, management board member Peter Fankhauser said the subsidiary would post an eight-figure profit for the current financial year, a turnaround from last year's EBITDA loss of almost EUR1 million. For this year, Neckermann expects a 3% growth in number of customers. According to Mr. Fankhauser, this summer alone, Neckermann posted a 3.5% hike in number of bookings, with bookings to Tunisia and Turkey swelling by 25% and 22% respectively. Mr. Fankhauser added they have lowered their prices to encourage customers to book early. CONTACT: THOMAS COOK AG Zimmersmuehlenweg 55 61440 Oberursel Phone: +49-6171-6500 Fax: +49-6171-652-125 Web site: http://www.thomascook.de UCR UMWELTCONCEPTE: Under Bankruptcy Administration --------------------------------------------------- The district court of Essen opened bankruptcy proceedings against UCR Umweltconcepte Ruhr GmbH on July 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until August 23, 2005 to register their claims with court-appointed provisional administrator Rolf Otto Neukirchen. Creditors and other interested parties are encouraged to attend the meeting on September 7, 2005, 9:40 a.m. at the district court of Essen, Hauptstelle, Zweigertstr. 52, 45130 Essen, I.OG, gelber Bereich, Saal 185, 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: UCR UMWELTCONCEPTE RUHR GmbH Schnieringshof 10 - 14, 45329 Essen Contact: Axel Georg Nolte, Manager Rolf Otto Neukirchen, Administrator Zweigertstr. 28-30, 45130 Essen Phone: (0201) 438740 Fax: +492014387479 VLIETLAND RECYCLING: Creditors' Claims Due Next Month ----------------------------------------------------- The district court of Essen opened bankruptcy proceedings against Vlietland Recycling GmbH on July 1. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until August 16, 2005 to register their claims with court-appointed provisional administrator Georg F. Kreplin. Creditors and other interested parties are encouraged to attend the meeting on August 31, 2005, 9:10 a.m. at the district court of Essen, Hauptstelle, Zweigertstr. 52, 45130 Essen, I.OG, gelber Bereich, Saal 185, 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: VLIETLAND RECYCLING GmbH Zur Halbinsel 9, 45356 Essen Contact: Cornelius Johannes Petrus van Vliet, Manager Zwartendijk 51, NL-2681 LP Monster Theodorus Felix Thomas Bakker, Manager Koninginneweg 1, NL-2411 XK Bodegraven Georg F. Kreplin, Administrator Limbecker Platz 1, 45127 Essen Phone: 0201 220 05 02 Fax: 0201 220 05 40 WAGNER UND PARTNER: Creditors Meeting Set September --------------------------------------------------- The district court of Erfurt opened bankruptcy proceedings against Wagner und Partner Gesellschaft fuer berufliche Bildung Weimar mbH on June 27. Consequently, all pending proceedings against the company have been automatically stayed. Creditors have until August 19, 2005 to register their claims with court- appointed provisional administrator Rolf Rombach. Creditors and other interested parties are encouraged to attend the meeting on September 19, 2005, 12:30 p.m. at the district court of Erfurt, Saal 12, Rudolfstr. 46, 99092 Erfurt, 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: WAGNER UND PARTNER GESELLSCHAFT FUER BERUFLICHE BILDUNG WEIMAR mbH Rodchenweg 28, 99427 Weimar Rolf Rombach, Administrator Magdeburger Allee 159, 99086 Erfurt ============= H U N G A R Y ============= MALEV HUNGARIAN: KrasAir Seen to Win Tender ------------------------------------------- Russian airline KrasAir is leading the bid for loss-making national carrier Malev Hungarian Airlines, Magyar Hirlap says. According to the national daily, KrasAir's offer is "significantly higher" than Aviation Solution International, a consortium lead by a former Malev chief executive, and Russian airline alliance Airbridge Cargo. KrasAir also offered to assume half of Malev's HUF36 billion debt. In a tender last year, Aviation Solutions offered HUF150 million to acquire Malev sans its debt. The government rejected the offer. In the current tender, Aviation Solutions offered to take over half of Malev's debt and increase its offer. Unless Airbridge and Aviation Solutions will raise their offers, state privatization agency APV will have to declare KrasAir as the winning bidder this week. The latest attempt to sell the carrier started in April after a previous tenders failed in March. Around 14 investors expressed interest in the carrier, but only six were considered as serious bidders. Prospective buyers include KrasAir, Argus Capital, Air Europe, Euroinvest, Aviation Solution and an unidentified Portuguese group. Only KrasAir and Aviation Solution filed formal bids, with Russian airline alliance Airbridge Cargo as the third bidder. * * * Malev Hungarian Airlines expects another operating loss for 2005. It sees a HUF1.8 billion deficit at the operating level. In 2004, the carrier 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, partly as a result of its membership to the oneworld alliance. Malev recently signed a memorandum of understanding with oneworld, which sets its full membership by the summer of 2006. This alliance, Malev claims, will increase its revenues by as much as HUF8 billion a year and net profit by HUF4 billion. The carrier also struck a vital deal with Budapest Airport in anticipation of a successful sale. Since the fall of Communism in the country, the government has tried to sell Malev several times but failed. Malev has struggled to increase revenues due to the proliferation of budget airlines at its Budapest hub that has pushed prices down and cut into its market share. 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 ALLAMI PRIVATIZACIOS ES VAGYONKEZELO RT. (APV RT.) Pozsonyi ut 56 H-1133 Budapest Phone:(36 1) 237 4400 Fax:(36 1) 237 4100 E-mail: apvrt@apvrt.hu Web site: http://www.apvrt.hu/english/m3.html OAO KRASNOYARSK AIRLINES 663021, Krasnoyarsk region, Emeljanivo-1, Krasnoyarsk Airport Phone: +7 (3912)635-110 Fax: +7 (3912)635-181 E-mail: krasair@krasair.ru AIRBDRIDGE CARGO 119048, Usacheva Str. 35A Moscow, Russia Phone: + 7 095 7862613 Fax: + 7 095 7556851 E-mail: info@airbridgecargo.com Web site: http://www.airbridgecargo.com ===================== N E T H E R L A N D S ===================== ROYAL NUMICO: Raising Stake in Indonesian Biz to 86.3% ------------------------------------------------------ Royal Numico N.V. said it will increase its majority shareholding in the Indonesian baby food company PT Sari Husada Tbk to 86.3%, effective 20 July. A block of shares equivalent to 5% will be acquired for the price of IDR 3,500 per share. With this transaction Numico will increase its shareholding in the capital of Sari Husada, Indonesia's leading baby food company, from 81.3% to 86.3%. The value of the transaction is EUR 28 million. In future transactions Numico stands willing to guarantee the same price to current shareholders of Sari Husada. Jan Bennink, CEO of Numico, commented: "Sari Husada's baby food business is of great importance to Numico's strategy in the Asia-Pacific region. This investment reinforces our commitment to the continuing success of this fast-growing and highly profitable company." CONTACT: ROYAL NUMICO Corporate Communications Phone: +31 20 456 9077 Investor Relations Phone: +31 20 456 9003 ROYAL SHELL: To Release Second-quarter Results Next Week -------------------------------------------------------- Royal Dutch Shell plc will release its second quarter results and second interim dividend announcements for 2005 on Thursday, July 28, 2005. The financial statements and results for the second quarter 2005 will be reported under an assumption that all Royal Dutch Petroleum Company (Royal Dutch) shares are owned by RDS and the financial statements will be consolidated to include the previous parent companies of Royal Dutch and Shell Transport. The consolidated financial statements for periods ending on or after the date of consummation of the Transaction will give effect to any minority interest in Royal Dutch outstanding on the date thereof. The total number of RDS shares deemed in issue at the end of the period was 6,898.4 million assuming a full exchange of Royal Dutch and Shell Transport shares into RDS shares. RDS will report one earnings per share figure on a basic and on a diluted basis, based on the weighted average number of RDS (combined A and B shares) and under the assumption of the full exchange of Royal Dutch and Shell Transport shares into RDS shares. The basic earnings per RDS share for the second quarter will be based on the weighted average of 6,724.5 million equivalent RDS shares. This average excludes RDS shares held in Trusts in respect of share options and other incentive compensation plans. Diluted earnings per share calculations are based on the weighted average of 6,744.1 million RDS shares for the second quarter. This adjusts the basic number of shares for those stock options currently in-the-money. Earnings per share figures will be quoted in U.S. dollars. 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-PROM-MEKH-MONTAZH: Proofs of Claim Deadline Set Monday ----------------------------------------------------------- The Arbitration Court of Kirov region has commenced bankruptcy supervision procedure on open joint stock company Agro-Prom- Mekh-Montazh. The case is docketed as A28-50/05-39/20. Mr. L. Shikhov has been appointed temporary insolvency manager. Creditors have until July 25, 2005 to submit their proofs of claim to 610017, Russia, Kirov, Oktyabrskiy Pr. 104, Office 507. A hearing will take place on Sept. 20, 2005, 10:00 a.m. at the Arbitration Court of Kirov region located at Russia, Kirov, Gostinyj Per. 5/1, Room 305. CONTACT: AGRO-PROM-MEKH-MONTAZH 613530, Russia, Kirov region, Urzhum, Energetikov Str. 1 Mr. L. Shikhov Temporary Insolvency Manager 610017, Russia, Kirov region, Oktyabrskiy Pr. 104, Office 507 AUTO-COLUMN 1801: Succumbs to Bankruptcy ---------------------------------------- The Arbitration Court of Kalinigrad region commenced bankruptcy proceedings against Auto-Column 1801 after finding the open joint stock company insolvent. The case is docketed as A21- 8374/04-S2. Mr. D. Kharybin has been appointed insolvency manager. Creditors have until August 25, 2005 to submit their proofs of claim to Russia, Kalinigrad, Donskogo Str. 7, Apartment 209. CONTACT: AUTO-COLUMN 1801 Russia, Kalinigrad region, Chernyakhovsk, Gusevskoye Shosse, 9 Mr. D. Kharybin Insolvency Manager Russia, Kalinigrad region, Donskogo Str. 7, Apartment 209 Phone: (0112) 57-87-50 CHERNOZEMYE: Undergoes Bankruptcy Supervision Procedure ------------------------------------------------------- The Arbitration Court of Ingushetiya republic has commenced bankruptcy supervision procedure on limited liability company Chernozemye. The case is docketed as A18-943/05. Mr. D. Pronyushkin has been appointed temporary insolvency manager. Creditors may submit their proofs of claim to Russia, Ingushetiya republic, Nazran, Moskovskaya Str. 4a. CONTACT: CHERNOZEMYE Russia, Ingushetiya republic, Nazran, Moskovskaya Str. 4a Mr. D. Pronyushkin Temporary Insolvency Manager Russia, Ingushetiya republic, Nazran, Moskovskaya Str. 4a CONCERN ORENBURG-MILL: Under Bankruptcy Supervision --------------------------------------------------- The Arbitration Court of Orenburg region has commenced bankruptcy supervision procedure on open joint stock company Concern Orenburg-Mill. The case is docketed as A47-6124/05- 14GK. Ms. N. Deryabina has been appointed temporary insolvency manager. Creditors may submit their proofs of claim to Russia, Samara-52, Post User Box 1914. A hearing will take place on Oct. 19, 2005 at the Arbitration Court of Orenburg region located at 460046, Russia, Orenburg, 9th January Str. CONTACT: CONCERN ORENBURG-MILL 460022, Russia, Orenburg region, Kavkazskaya Str. 2 Ms. N. Deryabina Temporary Insolvency Manager Russia, Samara-52, Post User Box 1914 DELTACREDIT BANK: Credit, Deposit Ratings Upgraded to 'B' --------------------------------------------------------- Standard & Poor's Ratings Services raised its long-term counterparty credit and certificate of deposit ratings on Russia-based commercial bank DeltaCredit Bank (DC) to 'B' from 'B-'. At the same time, the Russia national scale credit rating on the bank was raised to 'ruA-' from 'ruBBB+'. The 'C' short- term counterparty credit and certificate of deposit ratings were also affirmed. The outlook remains positive. "The rating actions reflect the bank's steady operating performance, cautious lending policy, improved profitability, continuously strong capitalization, and good loan performance record," said Standard & Poor's credit analyst Irina Penkina. The ratings on DC continue to benefit from the bank's close links to international development organizations, and good financial transparency. The ratings remain constrained by DC's concentrated funding base, untested loan behavior during economic distress, uncertain long-term ownership, and the still developing, albeit improving, legal environment surrounding mortgage lending in Russia. "Standard & Poor's expects that the bank will maintain moderate organic growth, while preserving good asset quality and further improving its operating efficiency," added Ms. Penkina. Standard & Poor's also considers that the bank will be able to maintain a good level of capitalization, although lower than the current high level. The ratings could be raised if the bank successfully secures cost-efficient, long-term funding from the private sector debt markets, and demonstrates sustainable competitiveness and financial performance as the mortgage market develops in Russia. The ratings are sensitive to any evident increase in the bank's risk appetite, although Standard & Poor's assumes that DC will preserve its prudent risk approach in the medium term. 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 following 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 on: media_europe@standardandpoors.com. CONTACT: STANDARD AND POOR'S RATING SERVICES Group E-Mail Address FIG_Europe@standardandpoors.com KIRSANOVSKIY: Hires Insolvency Manager from Tambov -------------------------------------------------- The Arbitration Court of Tambov region has commenced bankruptcy supervision procedure on limited liability company Kirsanovskiy. The case is docketed as A64-1848/05-21. Ms. L. Koptelina has been appointed temporary insolvency manager. Creditors may submit their proofs of claim to 129110, Russia, Moscow, M. Ekaterininskaya Str. 17/21. A hearing will take place on Sept. 5, 2005. CONTACT: KIRSANOVSKIY Russia, Tambov region, Kirsanov Ms. L. Koptelina Temporary Insolvency Manager 129110, Russia, Moscow region, M. Ekaterininskaya Str. 17/21 MAGIC-T: Hires P. Tumbasov Insolvency Manager --------------------------------------------- The Arbitration Court of Chelyabinsk region commenced bankruptcy proceedings against Magic-T after finding the close joint stock company insolvent. The case is docketed as A76-13104/05-36-70. Mr. P. Tumbasov has been appointed insolvency manager. Creditors have until July 25, 2005 to submit their proofs of claim to 455026, Russia, Chelyabinsk region, Magnitogorsk, Post User Box 33. CONTACT: MAGIC-T Russia, Chelyabinsk region, Magnitogorsk Mr. P. Tumbasov Insolvency Manager 455026, Russia, Chelyabinsk region, Magnitogorsk, Post User Box 33 OB-POLYMER: Undergoes Bankruptcy Supervision Procedure ------------------------------------------------------ The Arbitration Court of Khanty-Mansiyskiy autonomous region has commenced bankruptcy supervision procedure on close joint stock company Ob-Polymer. The case is docketed as A75-5029/2005. Mr. E. Zhikharev has been appointed temporary insolvency manager. Creditors may submit their proofs of claim to: (a) OB-POLYMER 628183, Russia, Khanty-Mansiyskiy autonomous region Yugra, Nyagan, Lazareva Str. 11 (b) Temporary Insolvency Manager 625003, Russia, Tyumen region, Krasina Str. 7a, 5th floor (c) The Arbitration Court of Khanty-Mansiyskiy autonomous region 628012, Tyumen region, Khanty-Mansiysk, Lenina Str. 54/1 A hearing will take place on Oct. 10, 2005. RUSSIAN BANK: Planned US$150 Mln Eurobond Rated 'BB+' ----------------------------------------------------- Standard & Poor's Ratings Services assigned its 'BB+' senior unsecured debt rating to the Russian Bank For Development's (RBD) upcoming US$150 million Eurobond, maturing in 2008. At the same time, Standard & Poor's affirmed its 'BB+' long-term and 'B' short-term issuer credit ratings on RBD. The outlook is stable. The rating on the bond is equalized with those on RBD. "The ratings on RBD are supported by strong explicit sovereign support, including a sovereign guarantee on part of the Bank's liabilities, continuous state capital injections, and a clearly defined and strategic public policy role assigned to the Bank by the government of The Russian Federation (foreign currency BBB- /Stable/A-3; local currency BBB/Stable/A-3)," said Standard & Poor's credit analyst Luc Marchand. RBD's 100% ownership by the state, as represented by the Russian Federal Property Fund, also ensures strong implicit sovereign support. RBD is the primary vehicle for providing credits to small businesses in Russia, and expanding this sector is one of the main strategic development targets of the government. At year-end 2004, total assets amounted to US$314.6 million, and total equity to US$212.2 million. At year-end 2004, disbursed loans reached a total volume of US$175.9 million. In view of the substantial development needs in Russia's private sector, RBD has a vital role to play for many years to come. The bank is expected to expand its loan portfolio prudently in a high- risk market environment. "We expect government support for RBD will remain strong, as demonstrated by the state guarantees on a significant part of the Bank's obligations and the expected further rise in its capital," said Mr. Marchand. The government, through the Ministry of Economic Development and Trade, has also indicated that it has no plans to privatize RBD in the foreseeable future. The Bank's role in government plans is secured by its current policy and regulatory framework. The ratings on RBD could move closer to those on the sovereign if the Bank's core operations (in particular its small business program) are sufficiently successful to encourage further strengthening of state support. Nevertheless, a deviation from RBD's policy role, or signs of weakening government support, would result in downward pressure on the ratings. 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 following 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 on: media_europe@standardandpoors.com. CONTACT: STANDARD AND POOR'S RATING SERVICES Group E-Mail Address SovereignLondon@standardandpoors.com TAV-DAL-WOOD-PROM: Bankruptcy Hearing Set Next Month ---------------------------------------------------- The Arbitration Court of Sverdlovsk region has commenced bankruptcy supervision procedure on limited liability company Tav-Dal-Wood-Prom. The case is docketed as A60-11128/05-S4. Mr. V. Rozhdestvenskiy has been appointed temporary insolvency manager. Creditors have until July 25, 2005 to submit their proofs of claim to 624001, Russia, Sverdlovsk region, Sysertskiy region, Aramil, Shkolnaya Str. 46a. A hearing will take place on Aug. 31, 2005, 2:00 p.m. CONTACT: TAV-DAL-WOOD-PROM Russia, Sverdlovsk region, Tavda, Lesopilshikov Str. 2a Mr. V. Rozhdestvenskiy Temporary Insolvency Manager 624001, Russia, Sverdlovsk region, Sysertskiy region, Aramil, Shkolnaya Str. 46a TEPLOVSKIY DOR-STROY: Creditors Have Until Monday to File Claims ---------------------------------------------------------------- The Arbitration Court of Saratov region commenced bankruptcy proceedings against Teplovskiy Dor-Stroy after finding the open joint stock company insolvent. The case is docketed as A-57- 224B/05-32. Mr. A. Budarin has been appointed insolvency manager. Creditors have until July 25, 2005 to submit their proofs of claim to 410049, Russia, Saratov, Barnaulskaya Str. 34. CONTACT: TEPLOVSKIY DOR-STROY 412587, Russia, Saratov region, Novoburasskiy region, Teplovka Mr. A. Budarin Insolvency Manager 410049, Russia, Saratov region, Barnaulskaya Str. 34 TREST URAL-MASH-STROY: Proofs of Claim Due Next Week ---------------------------------------------------- The Arbitration Court of Sverdlovsk region has commenced bankruptcy supervision procedure on limited liability company Trest Ural-Mash-Stroy (TIN 6673085841). The case is docketed as A60-14169/05-S11. Mr. V. Kevarkov has been appointed temporary insolvency manager. Creditors have until July 25, 2005 to submit their proofs of claim to 620075, Russia, Ekaterinburg, Gorkogo Str. 31. CONTACT: TREST URAL-MASH-STROY 620039, Russia, Ekaterinburg, Lukinykh Str. 5 Mr. V. Kevarkov Temporary Insolvency Manager 620075, Russia, Ekaterinburg, Gorkogo Str. 31 ========= S P A I N ========= AUNA OPERADORES: Another Bidder Pulls out of Talks -------------------------------------------------- The Kohlberg Kravis Roberts-led consortium bidding for Auna Operadores de Telecomunicaciones S.A. walked out of the auction Wednesday, said the Financial Times. According to the paper, the group feared it would be used as a "stalking horse" to squeeze out a higher offer from competing bidder France Telecom S.A. Merrill Lynch, the U.S. bank handling the sale talks, reportedly asked the consortium that also includes Goldman Sachs Capital Partners and BC Partners to match the offer lodged by the French firm. The group, which was said to have valued Auna at EUR12.5 million, offered to buy the entire business last week. France Telecom reportedly eyes buying Amena, Auna's wireless division, for EUR9 billion, while Auna's key shareholders are aiming to raise between EUR11.5 billion to EUR13 billion for the whole business. KKR's move follows the pullout of the consortium of U.S.-based Apax Partners, and U.K.-based Cinven and CVC Capital Partners in May. Aside from France Telecom, the latest exit leaves Auna with two consortia, which are led by venture capitalists Carlyle, and by Spanish cable operator ONO, respectively. Carlyle's team reportedly values Auna at EUR12 billion, while Ono is proposing to buy Auna's fixed-line division, Auna TLC, for EUR2.3 billion to EUR2.6 billion. Auna's major shareholders, with a combined 84% of its equity, are Banco Santander Central Hispano S.A., Endesa S.A. and Union Fenosa S.A. CONTACT: AUNA OPERADORES DE TELECOMUNICACIONES S.A. Paseo de la Castellana, 83-85 28046 Madrid, Spain Phone: +34-91-202-41-00 Fax: +34-91-202-51-71 Web site: http://www.grupoauna.com ===================== S W I T Z E R L A N D ===================== SWISS INTERNATIONAL: Settles Dispute with SR Technics ----------------------------------------------------- Swiss International Air Lines and SR Technics Switzerland have reached an out-of-court settlement in their dispute over the interpretation of their maintenance contract, thus ending the arbitration process they were engaged in. Established on a new basis, their revised co-operation agreement enables SWISS to significantly reduce maintenance costs for its Airbus fleet. At the same time, the two parties have extended their current contract, which is valid until 2009, by a further three years. In an effort to resolve conflicting interpretation of commercial aspects of their aircraft maintenance services contract, SWISS and SR Technics submitted their dispute to arbitration last October. The two companies have now reached an out-of-court agreement resolving these differences. The arbitration process has therefore been set aside. The new agreement enables SWISS to save considerable costs for the maintenance of its Airbus fleet, which will make a significant contribution to its efforts to achieve a financial turnaround. In a related development, the two companies have also extended their contract maintenance services contract by three years. Tim Talaat, CEO of SR Technics Switzerland, is pleased by the agreement with SWISS: "With this solution we have established a firm basis for a long-term partnership that will benefit both companies. We are proud that our services will continue to contribute to the success of our biggest customer and national airline. In this way our two companies help to secure the future of air transport in Switzerland." Manfred Brennwald, Chief Operations Officer at SWISS, commented: "Thanks to this negotiated outcome, SWISS will achieve sustainable savings in the maintenance of its Airbus fleet for the duration of the contract. This will generate a significant contribution to our turnaround. At the same time we can continue to rely on the renowned high quality maintenance provided by SR Technics. This raises the working relationship of the two companies to a new level, which is positive for both enterprises and also for Switzerland as an air transport location." SR Technics is responsible for the technical safety and reliability, data management and maintenance of the SWISS Airbus fleet, which currently consists of 25 aircraft from the Airbus A320 series and nine Airbus A330 and nine A340 aircraft. SR Technics will basically continue to perform maintenance services on these aircraft as it has in the past. SWISS will continue to maintain its regional fleet itself. CONTACT: SWISS INTERNATIONAL Corporate Communications P.O. Box, CH-4002 Basel Phone: +41 (0) 848 773 773 Fax: +41 61 582 35 54 E-mail: communications@swiss.com Web site: http://www.swiss.com =========== T U R K E Y =========== OYAK BANK: Credit, Deposit Ratings at 'BB-/B' --------------------------------------------- Standard & Poor's Ratings Services assigned its 'BB-/B' counterparty credit and certificate of deposit ratings to Turkey-based Oyak Bank A.S. The outlook is stable. The ratings on Oyak Bank balance the risky banking and economic environment in the Republic of Turkey (foreign currency, BB- /Stable/B; local currency, BB/Stable/B) and the bank's moderate business position in an increasingly competitive market. The ratings also factor in the bank's satisfactory financial profile, the likely support it would receive from the government given its full ownership by Ordu Yardimlasma Kurumu (not rated; OYAK; the Army Pension Fund. "The bank also benefits from the commercial and legal advantages deriving from its strategically important role within the OYAK Group, one of Turkey's largest financial-industrial conglomerates," said Standard & Poor's credit analyst Magar Kouyoumdjian. Turkish banks, which finance a large part of government debt, are still susceptible to the state's monetary policies. Government securities represent a sizable portion of the bank's balance sheet, although in line with the average of midsize banks. Robust economic growth over the past three years has driven the banking sector's speedy recovery since the banking crisis of 2001-2002, which forced the rehabilitation of many banks. In 2002, Oyak Bank acquired Sumerbank, which was a composite of six restructured banks. Competition in the sector is sharpening, due primarily to privatizations, acquisitions, and more foreign bank entrants. The stable outlook reflects that on the Republic of Turkey. Assuming continued sound economic growth and deeper stability, new opportunities for growth will be created for leading Turkish financial institutions. "Oyak Bank should benefit from this banking market development, but must succeed in leveraging its distribution channels and increasing its sales of products and services to a wider customer base, and in strengthening ties and maximizing synergies with OYAK Group companies," added Mr. Kouyoumdjian. "Conversely, if confidence wanes, the financial environment could become harsher and more volatile, making further progress on profitability, asset quality, and capitalization much more uncertain," he added. 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 following 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 on: media_europe@standardandpoors.com. CONTACT: STANDARD AND POOR'S RATING SERVICES Group E-Mail Address FIG_Europe@standardandpoors.com ============= U K R A I N E ============= ARTEMIVSK' ELEVATOR: Descends into Insolvency --------------------------------------------- The Economic Court of Donetsk region commenced bankruptcy proceedings against Artemivsk' Elevator (code EDRPOU 00957347) on May 31, 2005 after finding the joint stock company insolvent. The case is docketed as 3/119 B. Mr. S. Brustinov (License Number AA 485232) has been appointed liquidator/insolvency manager. The company holds account number 26001301626355 at JSCB National credit, Artemivsk branch, MFO 335708. CONTACT: ARTEMIVSK' ELEVATOR 84500, Ukraine, Donetsk region, ECONOMIC COURT OF DONETSK REGION 83048, Ukraine, Donetsk region, Artema Str. 157 DIBROVA: Vinnitsya Court Opens Bankruptcy Proceedings ----------------------------------------------------- The Economic Court of Vinnitsya region commenced bankruptcy proceedings against Dibrova (code EDRPOU 03734990) after finding the limited liability company insolvent. The case is docketed as 10/72-05. Mr. P. Dmitrenko has been appointed liquidator/insolvency manager. CONTACT: DIBROVA Ukraine, Vinnitsya region, Hmilnitskij district, Rogintsi ECONOMIC COURT OF VINNITSYA REGION Ukraine, Vinnitsya region, Hmelnitske Shose, 7 KERCH' COTTON: Under Bankruptcy Supervision ------------------------------------------- The Economic Court of AR Krym region renewed bankruptcy supervision procedure on OJSC Kerch' Cotton Factory (code EDRPOU 00306561) on May 23, 2005. The case is docketed as 2-11/3115- 2005. Mr. Krasov Oleg (License Number AA 779205) has been appointed temporary insolvency manager. The company holds account number 2600131652001 at Ukrsocbank, Kerch branch, MFO 324270. CONTACT: KERCH' COTTON FACTORY 98300, Ukraine, AR Krym region, Kerch, Pirogov Str. 17 Mr. Krasov Oleg, Temporary Insolvency Manager 95000, Ukraine, AR Krym region, Simferopol, Poshtamt, a/b 111 THE ECONOMIC COURT OF AR KRYM REGION 95000, Ukraine, AR Krym region, Simferopol, Karl Marks Str. 18 LUGANSK' CITY: Bankruptcy Supervision Starts -------------------------------------------- The Economic Court of Lugansk region commenced bankruptcy supervision procedure on OJSC Lugansk' City Bus Park (code EDRPOU 0545689) on April 17, 2005. The case is docketed as 10/196 b. Mr. Mihajlo Horoshevskij (License Number AA 7791892004) has been appointed temporary insolvency manager. The company holds account number 25457125 at JSPPB Aval, Lugansk regional branch, MFO 304007. CONTACT: LUGANSK' CITY BUS PARK Ukraine, Lugansk region, Koshovij Str. 31 Mr. Mihajlo Horoshevskij, Temporary Insolvency Manager 91000, Ukraine, Lugansk region, Cheluskintsi Str. 143/85 ECONOMIC COURT OF LUGANSK REGION 91000, Ukraine, Lugansk region, Geroiv VVV Square, 3a SOYUZMETAL: Court Names T. Tananiko Liquidator ---------------------------------------------- The Economic Court of Harkiv region commenced bankruptcy proceedings against Soyuzmetal (code EDRPOU 32762495) on May 18, 2005 after finding the limited liability company insolvent. The case is docketed as B-50/80-05. Mr. T. Tananiko has been appointed liquidator/insolvency manager. CONTACT: Mr. T. Tananiko Liquidator/Insolvency Manager Ukraine, Sumi region, Yampilskij district, Svesa, Tsiolkovskij Str. 5 ECONOMIC COURT OF HARKIV REGION 61022, Ukraine, Harkiv region, Svobodi Square, 5, Derzhprom, 8th Entrance STROJDORSERVICE: Gears up for Liquidation ----------------------------------------- The Economic Court of Harkiv region commenced bankruptcy proceedings against Strojdorservice (code EDRPOU 32132784) on May 18, 2005 after finding the limited liability company insolvent. The case is docketed as B-50/79-05. Mr. O. Ohrimenko has been appointed liquidator/insolvency manager. CONTACT: Mr. O. Ohrimenko Liquidator/Insolvency Manager Ukraine, Harkiv region, Novgorodska Str. 4/68 ECONOMIC COURT OF HARKIV REGION 61022, Ukraine, Harkiv region, Svobodi Square, 5, Derzhprom, 8th Entrance TAJSTRA-POLTAVA-TORG: Insolvency Manager Comes in ------------------------------------------------- The Economic Court of Lviv region commenced bankruptcy proceedings against Tajstra-Poltava-Torg (code EDRPOU 31175277) after finding the company insolvent. The case is docketed as 6/129-29/129. Mr. Andrij Sibal (License Number AA 485266) has been appointed liquidator/insolvency manager. CONTACT: TAJSTRA-POLTAVA-TORG 79066, Ukraine, Lviv region, Sihivska Str. 16 Mr. Andrij Sibal Liquidator/Insolvency Manager 79000, Ukraine, Lviv region, P. Doroshenko Str. 61/5 ECONOMIC COURT OF LVIV REGION 79010, Ukraine, Lviv region, Lichakivska Str. 81 UKRPROMSERVICE: Declared Insolvent ---------------------------------- The Economic Court of Lviv region commenced bankruptcy proceedings against Ukrpromservice (code EDRPOU 31175277) after finding the limited liability company insolvent. The case is docketed as 6/130-29/130. Mr. Andrij Sibal (License Number AA 485266) has been appointed liquidator/insolvency manager. CONTACT: UKRPROMSERVICE 79066, Ukraine, Lviv region, Sihivska Str. 16 Mr. Andrij Sibal Liquidator/Insolvency Manager 79000, Ukraine, Lviv region, P. Doroshenko Str. 61/5 ECONOMIC COURT OF LVIV REGION 79010, Ukraine, Lviv region, Lichakivska Str. 81 YUZHNERUDPROM: Liquidator Takes over Operations ----------------------------------------------- The Economic Court of Dnipropetrovsk region commenced bankruptcy proceedings against OJSC Yuzhnerudprom (code EDRPOU 05467518) after finding the limited liability company insolvent. Mr. Sunitsya Viktor (License Number AA 668343) has been appointed liquidator/insolvency manager. CONTACT: YUZHNERUDPROM Ukraine, Dnipropetrovsk region, Bazova Str. 8 Mr. Sunitsya Viktor Liquidator/Insolvency Manager 03039, Ukraine, Kyiv region, Golosiyivskij Avenue, 8 ECONOMIC COURT OF DNIPROPETROVSK REGION 49600, Ukraine, Dnipropetrovsk region, Kujbishev Str. 1a ZNAMYANKA' AGROTEHSERVICE: Court Appoints Insolvency Manager ------------------------------------------------------------ The Economic Court of Kirovograd region commenced bankruptcy proceedings against Znamyanka' Agrotehservice (code EDRPOU 03751557) on April 21, 2005 after finding the limited liability company insolvent. The case is docketed as 10/117. Mr. O. Volovik (License Number AA 140417) has been appointed liquidator/insolvency manager. CONTACT: ZNAMYANKA' AGROTEHSERVICE 27400, Ukraine, Kirovograd region, Znamyanka, Lisnij Lane, 1 Mr. O. Volovik Liquidator/Insolvency Manager 25006, Ukraine, Kirovograd region, a/b 5/41 THE ECONOMIC COURT OF KIROVOGRAD REGION 25022, Ukraine, Kirovograd region, Lunacharski Str. 29 =========================== U N I T E D K I N G D O M =========================== ACCOMPLISHED AUTOMATION: In Voluntary Liquidation ------------------------------------------------- At an Extraordinary General Meeting of Accomplished Automation Limited, duly convened, and held at Sanderling House, 1071 Warwick Road, Acocks Green, Birmingham B27 6QT, on 5 July 2005, at 10:30 a.m., the following Extraordinary Resolutions were duly passed: "That it has been proved to the satisfaction of the Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable that the same should be wound up voluntarily, and that the Company be wound up accordingly, and that Andrew Fender, of Sanderlings LLP, Sanderling House, 1071 Warwick Road, Acocks Green, Birmingham B27 6QT, be and is hereby nominated Liquidator for the purpose of winding-up." R Dowell, Chairman AEROSPACE INDUSTRY: Business for Sale ------------------------------------- Geoffrey Kinlan and David Gilbert, Joint Administrators, offer for sale the business and assets of Hertfordshire-based Aerospace Service Labour Services. The company has at its disposal 4,000 specialist sub-contractors with a wide range of skills in various aerospace service and maintenance fields. An established business with 5 permanent employees and 11 years of trading experience, the group generates annual turnover of more than GBP2.6 million from over 26 major clients. The group has existing rolling contracts with many large clients including Aermacchi, BWM/Rolls Royce, Learjet, KLM and Fokker ELMO. CONTACT: BDO STOY HAYWARD Prospect Place, 85 Great North Road Hatfield AL9 5BS Phone: 01707 255888 Fax: 01707 255890 E-mail: hatfield@bdo.co.uk Web site: http://www.bdostoyhayward.co.uk Leo Sykes/Rob Davies Phone: 01707 255930/255891 Fax: 01707 255889 E-mail: leo.skyes@bdo.co.uk rob.davies@bdo.co.uk ALLIED DOMECQ: Fitch Withdraws Ratings as Takeover Nears -------------------------------------------------------- Fitch Ratings has affirmed its ratings of Allied Domecq plc at Senior Unsecured 'BB+' and Short-term 'B' and removed them from Rating Watch Evolving. The ratings have been simultaneously withdrawn. Fitch understands that all relevant anti-trust authorities have now given their go-ahead to the acquisition of Allied Domecq by the French drinks company Pernod Ricard. There will be no formal requirement for its new owner to give detailed information on its 100%-owned subsidiary. Consequently, there will be little publicly available information to maintain this rating for Allied Domecq creditors. The ratings were placed Rating Watch Evolving on 22 April 2005 following the announcement of the acquisition. CONTACT: FITCH RATINGS Frederic Gits, Paris Phone: +33 (1) 44 29 91 34 Jonathan Pitkanen, London Phone: +44 (0)20 7417 4201 Web site: http://www.fitchratings.com Media Relations Alex Clelland, London Phone: +44 20 7862 4084 ARTIC RECRUITMENT: Falls into Liquidation ----------------------------------------- At an Extraordinary General Meeting of recruitment consultancy firm Artic Recruitment Limited, duly convened, and held at Sanderling House, 1071 Warwick Road, Acocks Green, Birmingham B27 6QT, on Tuesday 12 July 2005, the following Extraordinary Resolutions were duly passed: "That it has been proved to the satisfaction of the Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable that the same should be wound up voluntarily, and that the Company be wound up accordingly, and that Andrew Fender, of Sanderlings LLP, Sanderling House, 1071 Warwick Road, Acocks Green, Birmingham B27 6QT, be and is hereby nominated Liquidator for the purpose of said winding-up." C Jones, Chairman ASTRA AIR: Members Opt for Liquidation -------------------------------------- Notice is hereby given that an Extraordinary General Meeting of the Members of Astra Air Conditioning Services Limited, duly convened, and held at the offices of McCabe Ford Williams, Bank Chambers, 1 Central Avenue, Sittingbourne, Kent ME10 4AE, on 30 June 2005, adjourned to 13 July 2005, the following Resolutions were duly passed as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Amanda Janice Ireland and Peter Roderick Frowde, of Bank Chambers, 1 Central Avenue, Sittingbourne ME10 4AE, be and hereby are appointed Joint Liquidators of the Company for the purpose of the voluntary winding-up." At a subsequent Meeting of Creditors held on the same day and at the same place, the appointment of the said Amanda Janice Ireland and Peter Roderick Frowde as Joint Liquidators of the Company was duly confirmed. M Francis Thompsett, Chairman CONTACT: MCCABE FORD WILLIAMS Bank Chambers, 1 Central Avenue, Sittingbourne, Kent ME10 4AE Phone: (01795) 479111 Fax: (01795) 428810 E-mail: sittingbourne@mfw.co.uk Web site: http://www.mfw.co.uk ATA WINDOWS: Members Decide to Liquidate Firm --------------------------------------------- At an Extraordinary General Meeting of the Members of ATA Windows Limited, duly convened, and held at Best Western, Tiverton Hotel, Blundells Road, Tiverton, Devon EX16 4DB, on 7 July 2005, the following Resolutions were duly passed as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Philip Simons, be and he is hereby appointed Liquidator for the purposes of such winding-up." M Bater, Director * * * ATA Windows supplies double glaze windows. AUTOTECH SOLUTIONS: Members Pass Winding-up Resolution ------------------------------------------------------ At an Extraordinary General Meeting of the Members of Autotech Solutions Limited, duly convened, and held at 6-7 Duke Street, Cardiff, on 12 July 2005, the following Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Alun Evans, of Bevan & Buckland, 45 High Street, Haverfordwest SA61 2BP, be and is hereby nominated Liquidator for the purpose of the winding-up." K Sargeant, Chairman CONTACT: BEVAN AND BUCKLAND 45 High Street Haverfordwest Pembrokeshire SA61 2BP Phone: 01437 760666 Fax: 01437 760078 E-mail: alun@bevanbuckland.co.uk BAE SYSTEMS: US$1.5 Billion Notes Rated 'BBB' --------------------------------------------- Standard & Poor's Ratings Services assigned its 'BBB' rating to US$1.5 billion of notes to be issued in three tranches by BAE Systems Holdings Inc., guaranteed by BAE Systems PLC. At the same time, Standard & Poor's affirmed its ratings, including the 'BBB/A-3' corporate credit ratings, on Farnborough, U.K.-based BAE Systems PLC. The outlook is negative. About GBP3 billion of debt is outstanding. The three tranches are expected to be of similar size in three, five, and 10-year maturities. The proceeds will be used to repay drawings on the firm's US$3 billion acquisition credit facility that were used to partially finance the recently completed acquisition of U.S.-based United Defense Industries Inc. The notes are offered under Rule 144A with registration rights. "The ratings on BAE Systems are based on its strong competitive positions in the global defense market, an industry with generally favorable credit characteristics, offset by modest, albeit improving, profitability and a sizable pension deficit," said Standard & Poor's credit analyst Roman Szuper. "The ratings also incorporate expectations that the company will restore its credit protection measures by reducing debt materially following United Defense purchase." Funds from operations to debt, an important credit protection measure, adjusted for pension liabilities, operating leases, and excess cash, is expected to strengthen to 20%-25% in the intermediate term. BAE Systems is a major supplier of military aircraft, defense electronics, submarines and surface combatants for the Royal Navy, support services, information technology, and aerostructures. The firm's portfolio is diverse and includes a number of high-priority programs. The addition of United Defense enhanced BAE Systems' role in the attractive U.S. defense sector and created one of the leading suppliers of land combat vehicles and armaments. On Dec. 31, 2004, group contractual backlog of GBP50 billion was substantial, equaling several times annual revenues. International defense outlays for procurement and R&D are expected to have modest growth prospects over the next few years, with the best opportunities in the U.S., the world's largest market. BAE Systems' operations in North America have expanded significantly since mid-2000 through acquisitions and internal growth. The October 2001 award of the important U.S. Joint Strike Fighter (F-35) development contract to a team on which BAE Systems participates further bolstered its long-term growth prospects. The company also participates in several joint ventures and owns 20% of Airbus SAS, one of two dominant manufacturers of commercial airplanes. Failure to meet current expectations, including debt reduction, or additional debt-financed acquisitions could lead to a downgrade of the long-term corporate credit rating. The outlook could be revised to stable (with accompanying upgrade of the short-term corporate credit rating), if the financial profile is restored, aided by strong competitive positions, improvements in operations, and an expected moderate financial policy. Complete ratings information is available to subscribers of RatingsDirect at http://www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's at http://www.standardandpoors.com. BELL DAVIES: Hires Vantis Business Recovery Liquidator ------------------------------------------------------ At the extraordinary general meeting of Bell Davies Trading Limited on July 12, 2005 held at Brettenham House, Lancaster Place, London WC2E 7EN, the special and ordinary resolutions to wind up the company were passed. Mark Newman of Vantis Business Recovery, Judd House, 16 East Street, Tonbridge, Kent TN9 1HG has been appointed liquidator of the company. J. Carlin, Chairman CONTACT: VANTIS BUSINESS RECOVERY Judd House East Street Tonbridge Kent TN9 1HG Phone: 01732 378680 Fax: 07917260099 E-mail: mark.newman@vantisplc.com B H L ROLLS: Names BDO Stoy Hayward Administrator ------------------------------------------------- Name of company: B H L ROLLS MANUFACTURING LIMITED (Company No 03140636) Nature of Business: Manufacture of Iron and Steel Trade Classification: 6 Date of Appointment: July 11, 2005 Joint Administrators' Name and Address: David Harry Gilbert, Simon James Michaels and Simon Edward Jex Girling (IP Nos 2376, 8824 and 9283), all of BDO Stoy Hayward LLP, 8 Baker Street, London W1U 3LL CONTACT: B H L ROLLS MANUFACTURING LTD Llewellyn's Quay The Docks Port Talbot SA13 1RE Phone: 01639 884878 BDO STOY HAYWARD LLP 8 Baker Street London W1U 3LL Phone: 020 7486 5888 Fax: 020 7487 3686 E-mail: london@bdo.co.uk Web site: http://www.bdostoyhayward.co.uk BIBRA INTERNATIONAL: Names Liquidators from Mazars -------------------------------------------------- At an Extraordinary General Meeting of clinical trial and research company Bibra International Limited, convened, and held at Surrey National Golf Club, Rook Lane, Chaldon, Surrey CR3 5AA, on 7 July 2005, at 10:00 a.m., the following Resolutions were duly passed as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of the Meeting that the Company cannot, by reason of its liabilities, continue its business, and that the Company be wound up voluntarily, and that Lucinda Ann Field and Timothy Colin Hamilton Ball, of Mazars LLP, of 37 Frederick Place, Brighton BN1 4EA, be appointed as Joint Liquidators of the Company for the purposes of the voluntary winding-up." A N Aspin, Chairman BIRCHILLS COMMUNITY: In Voluntary Liquidation --------------------------------------------- At an Extraordinary General Meeting of the Members of Birchills Community Association Limited, duly convened, and held at Heathcote House, 136 Hagley Road, Edgbaston, Birmingham B16 9PN, on 14 July 2005, the following Resolutions were duly passed as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Gerald Frederick Davis be and he is hereby appointed Liquidator for the purposes of such winding-up." N Crutchley, Chairman-Director * * * Creditors of the company are required, on or before 14 September 2005, to send in their full forenames and surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their Solicitors (if any), to the undersigned, Gerald Frederick Davis, of Heathcote House, 136 Hagley Road, Edgbaston, Birmingham B16 9PN, the Liquidator of the said Company, and, if so required by notice in writing from the said Liquidator, are, personally or by their Solicitors, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution. BLIND TIGER: Hires Administrators from Mazars --------------------------------------------- Name of company: BLIND TIGER LIMITED (Company No 04372915) Nature of Business: Pubs/Bars Address of Registered Office: Cartwright House, Tottle Road, Nottingham NG2 1RT Trade Classification: 48-Licensed Premises Date of Appointment: July 12, 2005 Administrators' Names and Address: Philip Michael Lyon and Alistair Steven Wood (IP Nos 002108 and 007929), both of Mazars, Cartwright House, Tottle Road, Nottingham NG2 1RT CONTACT: BLIND TIGER LIMITED 16-18 Pembroke Place Liverpool Lancashire L3 5PX MAZARS LLP Cartwright House, Tottle Road, Nottingham NG2 1RT Web site: http://www.mazars.co.uk BLUVEN LIMITED: Winding-up Resolutions Passed at EGM ---------------------------------------------------- At an Extraordinary General Meeting of Bluven Limited, duly convened, and held at 32 Brook Street, Warwick CV34 4BL, on 8 July 2005, the following Resolutions were duly passed as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly the Company be wound up voluntarily, and that Duncan Roderick Morris, of The Till Morris Partnership, 32 Brook Street, Warwick CV34 4BL, be and he is hereby appointed Liquidator for the purposes of such winding-up." T C Phillips, Chairman CONTACT: THE TILL MORRIS PARTNERSHIP 32 Brook Street Warwick Warwickshire CV34 4BL Phone: 01926 497 722 Fax: 01926 497 733 E-mail: duncan.morris@tillmorris.co.uk BMS FASHIONS: Calls in Liquidator --------------------------------- At an Extraordinary General Meeting of BMS Fashions Limited, duly convened, and held at the offices of Elwell Watchorn & Saxton LLP, 109 Swan Street, Sileby, Leicestershire LE12 7NN, on 14 July 2005, the subjoined Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Richard John Elwell, of Elwell Watchorn & Saxton LLP, 109 Swan Street, Sileby, Leicestershire LE12 7NN, be and is hereby appointed Liquidator for the purposes of such winding-up." P S Ghuman, Director CONTACT: ELWELL WATCHORN & SAXTON 109 Swan Street, Sileby, Leicestershire, LE12 7NN Phone: (+44) 01509 815150 Fax: (+44) 01509 815121 E-mail: office@ews-insolvency.co.uk Web site: http://www.ews-insolvency.co.uk BURWOOD AUTOMOTIVE: Members Decide to Liquidate Firm ---------------------------------------------------- At an Extraordinary General Meeting of the Members of Burwood Automotive Limited, duly convened, and held at 3-5 Rickmansworth Road, Watford, Hertfordshire WD18 0GX, on 8 July 2005, the following Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Steven Draine and David Rolph be and are hereby appointed Joint Liquidators for the purposes of such winding-up." R Burnett, Director * * * Creditors of the company are required on or before 31 August 2005, to send in their full forenames and surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their Solicitors (if any), to the undersigned, Steven Draine, of 3-5 Rickmansworth Road, Watford, Hertfordshire WD18 0GX, the Joint Liquidator of the said Company, and, if so required by notice in writing from the said Joint Liquidator, are, personally or by their Solicitors, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution. S Draine, Joint Liquidator CONTACT: MOORE STEPHENS 3/5 Rickmansworth Road Watford Hertfordshire WD18 0GX Phone: 01923 236622 Fax: 01923 245660 E-mail: steve.draine@moorestephens.com CANHAM & STANLEY: Debt Claims Deadline Set September ---------------------------------------------------- At the extraordinary general meeting of Canham & Stanley Limited on July 14, 2005 held at Ruthlyn House, 80 Lincoln Road, Peterborough PE1 2SP, the subjoined extraordinary resolution to wind up the company was passed. Graham Stuart Wolloff and David John Watchorn of Elwell Watchorn & Saxton LLP, 2 Axon, Commerce Road, Peterborough PE2 6LR have been appointed liquidators of the company. Creditors are required to send their names and addresses and particulars of their debts or claims and the names and addresses of their Solicitors (if any) to Graham Stuart Wolloff and David John Watchorn of Elwell Watchorn & Saxon LLP, 2 Axon, Commerce Road, Peterborough PE2 6LR on or before Sept. 14, 2005. * * * The company is into poultry farming. CONTACT: CANHAM & STANLEY LIMITED 99 Elton Road, Wansford, Peterborough, Cambridgeshire PE8 6JS Phone: 01780782481 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 C H GLAZING: To Hold Creditors Meeting September ------------------------------------------------ IN THE MATTER OF THE INSOLVENCY ACT 1986 and IN THE MATTER OF C H Glazing Limited (In Liquidation) Notice is hereby given pursuant to Article 124 of the Insolvency (Northern Ireland) Order 1989, that a Final General Meeting of the Creditors of C H Glazing Limited will be held at the offices of Arthur Boyd & Company, Franklin House, 12 Brunswick Street, Belfast, BT2 7GE on September 20, 2005 at 12:00 noon, for the purpose of: (a) Receiving the Liquidator's Report on the Winding-up; and (b) To determine whether the Liquidator should have his release under Article 148 of the Order. A Creditor entitled to attend and vote at the meeting may appoint a proxy to attend and vote in his place. It is not necessary for the proxy to be a Creditor. Proxies must be lodged at the offices of Arthur Boyd & Company, Franklin House, 12 Brunswick Street, Belfast, BT2 7GE no later than 12:00 noon on September 19, 2005. Arthur Boyd, Liquidator CONTACT: ARTHUR BOYD & COMPANY 3rd Floor, Franklin House 12 Brunswick Street Belfast BT2 7GE Phone: +44 (0)28 9032 9255 Fax: +44 (0)28 9032 8220 E-mail: info@arthurboyd.co.uk Web site: http://www.arthurboyd.co.uk CLEMENTS RIBEIRO: Fashion Designer to Liquidate ----------------------------------------------- At an Extraordinary Meeting of the Members of ladies' fashion designer and consultant Clements Ribeiro Limited, duly convened and held at the offices of David Rubin & Partners, Pearl Assurance House, 319 Ballards Lane, London N12 8LY, on 8 July 2005, the following Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind-up the same, and accordingly that the Company be wound up voluntarily, and that David Rubin, of David Rubin & Partners, Pearl Assurance House, 319 Ballards Lane, London N12 8LY, be and he is hereby nominated Liquidator for the purposes of such winding-up." S Clements, Chairman CONTACT: DAVID RUBIN & PARTNERS Pearl Assurance House, 319 Ballards Lane, London N12 8LY Phone: 020 8343 5900 Fax: 020 8446 2994 Web site: http://www.drpartners.com COLLINS & AIKMAN: Satyam Demands Lease Decision ----------------------------------------------- Satyam Venture Engineering Services Private Limited, a creditor in Collins & Aikman Corporation and its debtor-affiliates' chapter 11 case, asks the U.S. Bankruptcy Court for the Eastern District of Michigan to compel the Debtors to assume or reject a service Contract signed on Jan. 1, 2004. Satyam provides product design, engineering, analysis and CAD/CAM/CAE software customization services to the Debtors. Services provided are invoiced on a monthly basis, with payment due 30 days from the receipt. Prior to the Petition Date, the Debtors failed to pay Satyam invoices that total US$882,259. Thus, Satyam believes that the Debtors were in default of the Contract for failure to make payments. The Debtors continue to request engineering services from Satyam. On average, Satyam has been providing services in excess of US$250,000 for a 30-day period since January 2005. Debtors Respond The Debtors contend that Satyam has offered no compelling reason to require them to assume or reject the Contract. The Debtors likely have thousands of executory contracts that they must analyze to determine whether assumption or rejection is appropriate. Satyam's request is extraordinary, particularly given the fact that the Debtors have been in bankruptcy only a little over a month. The Debtors point out that Satyam has the same protection every other party that performs services for them has -- it is entitled to an administrative expense claims for any benefit it provides the estates. Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05- 55927). When the Debtors filed for protection from their creditors, they listed US$3,196,700,000 in total assets and US$2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 7; Bankruptcy Creditors' Service, Inc., 215/945- 7000). CORUS GROUP: Hires Danieli to Improve Scunthorpe Operations ----------------------------------------------------------- As part of Corus Group plc's previously announced GBP130 million investment at Scunthorpe steelworks, Corus has revealed a major contract placement with Danieli to install a new bloom caster and to develop the Rod Mill to accept direct-cast bloom feedstock. The new caster will produce 283x230-millimeter blooms in long tubular moulds using a 12-meter radius and dynamic soft reduction, which, combined with fast casting speeds, will provide consistently high bloom internal and surface quality. The blooms will directly feed the Rod Mill significantly improving process chain efficiency and will also feed the Medium Section Mill alongside the current bloom caster. To accommodate the larger feedstock, Danieli will also be installing a highly efficient, logic-controlled furnace in the Rod Mill. The new furnace will feed the blooms at a rate of 200 tonnes per hour into a new seven-stand breakdown mill positioned prior to the stands of the existing Rod Mill. In addition, Danieli will relocate a furnace to the Medium Section Mill. Andrew Page, Managing Director of Corus Construction and Industrial, said: "Danieli has an excellent reputation for innovative caster design and offered us the best technical solution to meet our product requirements. The enhancements will deliver consistently high product quality and create a shorter, more efficient process route. "The benefits of the total investment will extend the scope of the whole Scunthorpe operation, significantly improving the Medium Section Mill's rolling capability by enabling the introduction of rail manufacture to the site alongside structural sections and by delivering a world class supply chain for wire rod manufacture." Franco Alzetta, Executive Vice President of Danieli, said: "We are very excited to be working with Corus to implement industry best practice techniques and to improve the flow and quality of feedstock into their mills. Removing the Rod Mill's intermediate rolling and its associated reheating process will reduce decarburization, enabling Corus to deliver a higher volume of premium grade steels in an efficient way." About Danieli Danieli is one of the three major suppliers of equipment and plants to the metals industry, worldwide. Over 3,400 people operate in the 17 product lines that cover the whole spectrum of ironmaking and steelmaking plants, from ore to finished products. Main Group companies are located in Italy, Sweden, Germany, U.S.A., U.K., Spain, France and The Netherlands. * * * Corus was created through the merger of British Steel plc and Koninklijke Hoogovens N.V. Headquartered in London, it is one of the world's largest steel producers. It suffered five years ago from the crisis in British manufacturing, which prompted it to shake up management, close plants, cut jobs, and sell assets to lower debt. Its debt was thought to stand at GBP1.6 billion in 2002. It planned to acquire Brazilian steel maker, Companhia Siderurgica Nacional, and sell European aluminum plants, but called the transactions off on market difficulties and opposition from the Dutch management. After posting net loss of GBP458 million in 2003, it embarked on a restructuring program, signed new EUR1.2 billion banking facility, and issued GBP307 million worth of shares. It returned to operating profit in the first quarter in 2004. The recent recovery of steel prices and the strength of the euro are expected to help it achieve relatively strong earnings. CONTACT: CORUS GROUP PLC 30 Millbank London SW1P 4WY United Kingdom Phone: +44-20-7717-4444 Fax: +44-20-7717-4455 Web site: http://www.corusgroup.com Annanya Sarin Corporate Communications Phone: 020 7717 4532 Simon Collins Local Media Phone: 01536 403 4801 DANIELI Via Nazionale, 41 33042 Buttrio (UD) Italy Phone: (39) 0432 59 81 Fax: (39) 0432 59 8289 E-mail: info@danieli.com Web site: http://www.danieli.com COURTEZAN LIMITED: Clothing Company Falls into Liquidation ---------------------------------------------------------- At an Extraordinary Meeting of the Members of clothing retailer Courtezan Limited, duly convened, and held at the offices of David Rubin and Partners, 1st Floor, 26-28 Bedford Row, London WC1R 4HE, on 13 July 2005, the following Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Asher Miller, of David Rubin & Partners, 1st Floor, 26-28 Bedford Row, London WC1R 4HE, be and he is hereby appointed Liquidator for the purposes of such winding-up." P Raymond, Chairman CONTACT: DAVID RUBIN & PARTNERS 26-28 Bedford Row, London WC1R 4HE E-mail: info@davidhornerandco.co.uk Web site: http://www.davidhornerandco.co.uk CRAFTS PLUS: Members Decide to Wind-up Firm ------------------------------------------- At an Extraordinary General Meeting of the Members of Crafts Plus Limited, duly convened and held, at Regus, Fairbourne Drive, Atterbury, Milton Keynes MK10 9RG, on 13 July 2005, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Robert Day of Robert Day and Company, Garfield, Church Lane, Oving, Aylesbury, Buckinghamshire HP22 4HL, be and he is hereby appointed Liquidator of the Company for the purpose of the voluntary winding-up." At a subsequent Meeting of Creditors held on the same day pursuant to section 98 of the Insolvency Act 1986, the appointment of Robert Day as Liquidator of the Company was confirmed by the Company's Creditors. F D Maidment, Chairman D & SMB: Calls in Liquidator from B & C Associates -------------------------------------------------- At an Extraordinary General Meeting of the Members of D & SMB U.K. Limited, duly convened, and held at Trafalgar House, Grenville Place, London NW7 3SA, on 13 July 2005, the following Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily and that Jeffrey Mark Brenner, of B & C Associates, Trafalgar House, Grenville Place, Mill Hill, London NW7 3SA, is hereby appointed Liquidator for the purposes of such winding-up." A L Bullock, Director * * * D & SMB transports print machinery/freight. CONTACT: B & C ASSOCIATES Trafalgar House Grenville Place Mill Hill London NW7 3SA Phone: 0208 906 7730 Fax: 0208 906 7731 E-mail: filippa@bcassociates.uk.com ETUDE CONSULTING: IT Consultant to Liquidate -------------------------------------------- At an Extraordinary General Meeting of Etude Consulting Limited, duly convened, and held at 76 New Cavendish Street, London W1G 9TB, on 12 July 2005, the following subjoined Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot by reason of its liabilities continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Mark Levy, of Berley Chartered Accountants, 76 New Cavendish Street, London W1G 9TB, be and is hereby appointed Liquidator for the purpose of such winding-up." At a subsequent Meeting of Creditors held on the same day, the Members' nominee Liquidator (Mark Levy) was replaced by Laurence Pagden of Benedict Mackenzie LLP, 62 Wilson Street, London EC2A 2BU. R Mewies, Director * * * IT Consultant Etude is formerly Rana Limited (c/n 2 December 1997) and First IT Consultants Limited (c/n 24 June 2003). CONTACT: BERLEY 76 New Cavendish Street London W1M 7LB Phone: 020 7636 9094 Fax: 020 7636 4115 E-mail: mark.levy@berley.co.uk EUROFIT FABRICATIONS: Appoints Poppleton & Appleby Liquidator ------------------------------------------------------------- At an Extraordinary General Meeting of welding fabricator Eurofit Fabrications Limited, duly convened, and held at 32 High Street, Manchester M4 1QD, on 13 July 2005, the subjoined Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily and that Stephen Lord and Stephen James Wainwright, of Poppleton & Appleby, 32 High Street, Manchester M4 1QD, be and are hereby appointed Liquidators for the purposes of such winding-up." I Kelly, Director CONTACT: POPPLETON & APPLEBY 32 High Street Manchester Greater Manchester M4 1QD Phone: 0161 834 7025 Fax: 0161 833 1548 E-mail: insol@pandamanchester.co.uk FALCON SECURITY: In Liquidation ------------------------------- At an Extraordinary General Meeting of Falcon Security Management UK Limited, duly convened, and held at the Russell Hotel, 136 Boxley Road, Penenden Heath, Maidstone, Kent ME14 2AE, on Tuesday 12 July 2005, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily and that Stephen John Tancock, of Smith & Williamson Limited, The Meeting House, Little Mount Sion, Tunbridge Wells, Kent TN1 1YS, be and he is hereby appointed Liquidator for the purposes of such winding-up." M J Hardy, Chairman FARDRE HOLDINGS: Liquidators from PKF Move in --------------------------------------------- At the extraordinary general meeting of Fardre Holdings Limited (Company Number: 05443098) on July 4, 2005 held at Churchgate House, 3 Church Road, Whitchurch, Cardiff CF14 2DX, the special and ordinary resolutions to wind up the company were passed. Keith R. Morgan and Brian J. Hamblin of PKF (U.K.) LLP, 18 Park Place, Cardiff CF10 3PB have been appointed joint liquidators of the company. Creditors are required to send in their full forenames and surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their Solicitors (if any), to Keith R. Morgan of PKF (U.K.) LLP, 18 Park Place, Cardiff CF10 3PD on or before Aug. 31, 2005. * * * The holding company was previously named Key Let Holdings Limited. CONTACT: PKF (U.K.) LLP 18 Park Place, Cardiff CF10 3PB Web site: http://www.pkf.co.uk FIREBIRD SUITE: In Liquidation ------------------------------ At an Extraordinary General Meeting of film editor The Firebird Suite Limited, duly convened, and held at Holiday Inn, 1 Kings Cross Road, London WC1X 9HX, on 7 July 2005, at 2:45 p.m., the following Extraordinary Resolutions were duly passed: "That it has been proved to the satisfaction of the Meeting that this Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and that the Company be wound up accordingly, that John Russell and Christopher Michael White, of The P&A Partnership, 93 Queen Street, Sheffield S1 1WF, insolvency practitioners duly qualified under the Insolvency Act 1986, be and are hereby appointed the Liquidators of the Company for the purposes of such winding-up and any act required or authorized to be done by the Liquidators is to be done by any one or more of the Liquidators for the time being in office." At a subsequent Meeting of Creditors, duly convened, and held pursuant to sections 98, 99, 100 and 101 of the Insolvency Act 1986, the Resolutions for Voluntary Liquidation and the appointment of John Russell and Christopher Michael White were confirmed. B Sage, Chairman CONTACT: THE P&A PARTNERSHIP 93 Queen Street, Sheffield S1 1WF Phone: (0114) 275 5033 Fax: (0114) 276 8556 E-mail: info@poppletonappleby.co.uk Web site: http://www.thepandapartnership.com FKI PLC: U.S. Housing Slump Affects Hardware Unit ------------------------------------------------- At the Annual General Meeting of engineering group FKI plc, Chairman Gordon Page said: "The trading performance of the Group is little changed since the Preliminary Results announcement on 9 June 2005 and expectations for an improved underlying performance in the current year remain unaltered. "In Lifting Products and Services, lower demand for construction product has been offset by continued strong demand from oil and gas sector customers. The Hardware group has seen some indications of the predicted slowdown in U.S. housing starts, but the group's margin performance remains robust. Trading in FKI Logistex and Energy Technology is in line with expectations, with order profiles weighted towards the second half. "Since the Preliminary Results announcement, the sale of the DeWind business has been concluded. While the overall financial impact will be contained within prior guidance, the sale will bring forward the cash outflow resulting from the withdrawal from this business. Importantly, the accelerated exit will allow FKI senior management to focus on continuing activities." * * * In June, the company reported full-year loss after tax amounted to GBP79.9 million (2004 restated: loss of GBP20.9 million) and basic loss per share was 13.7 pence (2004 restated: basic loss per share 3.6 pence). Adjusted earnings per share, calculated by excluding exceptional items and goodwill amortization, were 9.0 pence (2004 restated: 8.6 pence). Net debt at 31 March 2005 of GBP350.7 million represented a decrease of GBP26.4 million from 30 September 2004 but a marginal increase of GBP1.6 million from 31 March 2004. Cash flow was negatively impacted by approximately GBP15.0 million due to the effect of higher steel prices resulting in an increase in working capital, the cash outflow of the wind turbine business of GBP25.0 million and GBP12.2 million spent on closure costs previously identified in the 2004 Strategic Review. CONTACT: FKI PLC Falcon Works P.O. Box 7713 Meadow Lane Loughborough Leicestershire LE11 1ZF Phone: +44 (0) 20 7832 0000 Fax: +44 (0) 20 7832 0001 Web site: http://www.fki.co.uk Simon Webber Business Development Director Phone: 020 7832 0000 James Olley Brunswick Phone: 020 7404 5959 FLOE TELECOM: Probe on Complaint Against Vodafone to Go Ahead ------------------------------------------------------------- The Competition Appeal Tribunal has refused the request of OFCOM and the Office of Fair Trading to appeal its May 5 order to complete an investigation into the complaint by Floe Telecom against Vodafone. Floe Telecom went into administration last year following Ofcom's rejection of its complaint against Vodafone. The complaint concerned the disconnection by Vodafone of Floe's "GSM gateways", devices allowing calls to mobile networks to be made at the rate for calls within the same mobile network, rather than the much higher rate for calls from fixed to mobile phones, Floe's representative, Taylor Wessing, said on its web site. Floe appealed Ofcom's ruling. The Tribunal upheld Floe Telecom's appeal and in December ordered Ofcom to complete its investigation into the complaint by Floe Telecom against Vodafone within five months. Ofcom disputed the order, arguing that the Tribunal had no power to set the timetable for its investigations. The Tribunal on May 5 rejected Ofcom's arguments. In the landmark ruling, the Tribunal confirmed that it has the power to set a timetable for competition authorities and regulators to re-investigate cases sent back to them, and the power to make other directions about the conduct of their investigation, according to Taylor Wessing. The case -- Floe Telecom Limited (in administration) v. Office of Communications (No. 1024/2/3/04) -- was brought before tribunals Marion Simmons QC, Michael Davey, Sheila Hewitt. Edward Mercer of Taylor Wessing represents the Appellant. Peter Roth QC and Gerry Facenna (instructed by Polly Weitzman (Director of Competition Law and Head of Legal) Office of Communications) represent the Respondent. Stephen Wisking (of Herbert Smith) represents the First Intervener, Vodafone Limited. Jon Turner (instructed by the Solicitor to the Office of Fair Trading) represents the potential appellant, the Office of Fair Trading. The order of the Tribunal is available free of charge at http://bankrupt.com/misc/FloeAppealRefusal.pdf. CONTACT: TAYLOR WESSING Web site: http://www.taylorwessing.com Contact: Dina Shoukry Phone: 020 7300 4930 E-mail d.shoukry@taylorwessing.com GROVENOR GREEN: Property Developer Liquidates --------------------------------------------- At an Extraordinary General Meeting of the Members of Grovenor Green Properties Limited, duly convened, and held at the offices of Sale Smith & Co Limited, Carmella House, 3 & 4 Grove Terrace, Walsall, West Midlands WS1 2NE, on Monday 11 July 2005, at 10:30 a.m., the following Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Eileen T F Sale, of Sale Smith & Co Limited, Carmella House, 3 & 4 Grove Terrace, Walsall, West Midlands WS1 2NE, be and is hereby appointed Liquidator for the purpose of such winding-up." Chairman CONTACT: SALE SMITH & CO. LIMITED Carmella House, 3 & 4 Grove Terrace, Walsall, West Midlands WS1 2NE Phone: 01922 624777 Fax: 01922 720528 E-mail: etfs@salesmith.demon.co.uk HAMLIN DEVELOPMENTS: Members Decide to Wind up Firm --------------------------------------------------- At the extraordinary general meeting of the members of Hamlin Developments Limited on July 14, 2005 held at PKF (U.K.) LLP, Sovereign House, Queen Street, Manchester M2 5HR, the special and ordinary resolutions to wind up the company were passed. Jonathan D. Newell and Kerry Bailey of the firm of PKF (U.K.) LLP, Accountants and Business Advisors have been appointed joint liquidator of the company. J. S. Martin, Director * * * The company develops real estate properties. CONTACT: PKF (U.K.) LLP Sovereign House, Queen Street, Manchester M2 5HR Phone: 0161 8325481 Fax: 0161 8323849 E-mail: info.manchester@uk.pkf.com Web site: http://www.pkf.co.uk H C LORIE: Textile Wholesaler Calls in Administrator ---------------------------------------------------- Name of company: H C LORIE (AGENCIES) LIMITED (Company No 01289129) Nature of Business: Wholesale of Textiles Trade Classification: 13 Date of Appointment: July 13, 2005 Administrators' Names and Address: Michael Chamberlain and Andrew Wilkinson (IP Nos 8735 and 9344), both of Chamberlain & Co, Aireside House, 24-26 Aire Street, Leeds LS1 4HT CONTACT: H C LORIE (AGENCIES) LIMITED Blemann House 54 Wellington Street Leeds West Yorkshire LS1 2EE Phone: (0113 245 4107) CHAMBERLAIN & CO Aireside House 24/26 Aire Street Leeds West Yorkshire LS1 4HT Phone: 0113 242 0808 Fax: 0113 242 0866 E-mail: mail@chamberlain-co.co.uk INDUSTRIAL FINISHERS: Members Pass Winding-up Resolution -------------------------------------------------------- At the extraordinary general meeting of the members of Industrial Finishers (Watford) Limited on July 8, 2005 held at Baker Tilly, 1st Floor, 46 Clarendon Road, Watford, Hertfordshire WD17 1JJ, the special resolution to wind up the company was passed. Mark John Wilson and Tracey Elizabeth Callaghan both of Baker Tilly, 1st Floor, 46 Clarendon Road, Watford, Hertfordshire WD17 1JJ have been appointed joint liquidators of the company. Creditors are required to send in their names and addresses, with particulars of their debts or claims, to Mark John Wilson of Baker Tilly, 1st Floor, 46 Clarendon Road, Watford, Hertfordshire WD17 1JJ on or before Aug. 17, 2005. * * * The company is a privately owned business established in 1948. Its clients are Racal Group, Kodak, Components and Linkage Group and the Davies Group. It has 20 employees. Visit http://www.industrial-finishers.comfor more information. CONTACT: INDUSTRIAL FINISHERS (WATFORD) LTD 6 Greenhill Cresent Watford Business Park Watford Hertfordshire WD1 8RF Phone: 01923 225 388 Fax: 01923 227 943 E-mail: info@industrial-finishers.com BAKER TILLY 1st Floor, 46 Clarendon Road, Watford, Hertfordshire WD1 1JJ Phone: 01923 816400 Fax: 01923 253402 Web site: http://www.bakertilly.co.uk INNER CIRCLE: Appoints Liquidator --------------------------------- At an Extraordinary General Meeting of the Members of IT company Inner Circle Solutions Limited (formerly Inner Circle Services Limited), duly convened, and held at Gable House, 239 Regents Park Road, Finchley, London N3 3LF, on 8 June 2005, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily and that M S E Solomons, be and he is hereby appointed Liquidator for the purposes of such winding-up." J Potts, Director CONTACT: SPW POPPLETON & APPLEBY Gable House 239 Regents Park Road London N3 3LF Phone: 020 8371 5000 Fax: 020 8346 8588 E-mail: mike@spwca.com INTERFOCUS TECHNOLOGY: Calls in Joint Liquidators ------------------------------------------------- At an Extraordinary General Meeting of the Members of Interfocus Technology Limited, duly convened, and held at 45 Hazelton Avenue, Toronto, Ontario, Canada M5R 2ES, on 14 July 2005, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily and that John Alfred George Alexander and Melvyn Julian Carter, of Carter Backer Winter, Enterprise House, 21 Buckle Street, London E1 8NN, be and are hereby appointed Joint Liquidators of the Company for the purpose of the voluntary winding-up, the Liquidators are to act jointly and severally." G Gibson, Director * * * A Meeting of the Creditors of the Company will be held at Enterprise House, 21 Buckle Street, London E1 8NN, on 22 July 2005, at 1:00 p.m., for the purpose mentioned in sections 100 and 101 of the said Act, that is, the nomination of a Liquidator and the appointment of a Liquidation Committee. Matters to be considered by the Meeting may also include Resolutions to fix the Liquidator's remuneration and agree the costs of convening the Meeting. Creditors wishing to vote at the Meeting must lodge their proxy, accompanied by a full statement of account, at the registered office of the Company situated at Enterprise House, 21 Buckle Street, London E1 8NN, not later than 12:00 noon on the full working day immediately preceding that of the Meeting. For the purposes of voting, a secured Creditor is required (unless he surrenders his security) to lodge at Enterprise House, 21 Buckle Street, London E1 8NN, before the Meeting, a statement giving particulars of his security, the date when it was given and the value at which it is assessed. Notice is also given, pursuant to section 98(2)(a) of the Insolvency Act 1986, that John Alfred George Alexander and Melvyn Julian Carter, of Carter Backer Winter, Enterprise House, 21 Buckle Street, London E1 8NN, are qualified to act as Insolvency Practitioners in relation to the above Company. John Alfred George Alexander and Melvyn Julian Carter will make available for inspection a list of the names and addresses of the Company's Creditors, free of charge, at the offices of Carter Backer Winter, Enterprise House, 21 Buckle Street, London E1 8NN, between 10:00 a.m. and 4:00 p.m. on the two business days preceding the date of the Meeting stated above. By Order of the Board CONTACT: CARTER BACKER WINTER Enterprise House, 21 Buckle Street, London E1 8NN Phone: + 44 (0) 20 7309 3800 Fax: + 44 (0) 20 7309 3801 E-mail: info@cbw.co.uk Web site: http://www.cbw.co.uk INVENTIONS DIRECT: Members Pass Winding-up Resolution ----------------------------------------------------- At an Extraordinary General Meeting of the Members of Inventions Direct Limited, duly convened, and held at 2 Mountview Court, 310 Friern Barnet Lane, Whetstone, London N20 0YZ, on 8 July 2005, at 11:45 a.m., the following Extraordinary Resolution was duly passed: "That the Company cannot by reason of its liabilities, continue its business, and it is advisable to wind up the Company, and accordingly that the Company be wound up voluntarily and that Freddy Khalastchi, of Harris Lipman, 2 Mountview Court, 310 Friern Barnet Lane, Whetstone, London N20 0YZ, an Insolvency Practitioner, licensed by the Institute of Chartered Accountants in England and Wales, is hereby appointed as Liquidator of the Company for the purposes of the voluntary winding-up." At a subsequent Meeting of Creditors held at the same place on the same day the voluntary liquidation was confirmed by the Creditors and the appointment of Freddy Khalastchi, of Harris Lipman, 2 Mountview Court, 310 Friern Barnet Lane, Whetstone, London N20 0YZ, as Liquidator was ratified. G A Limpkin, Chairman CONTACT: HARRIS LIPMAN 2 Mountview Court, 310 Friern Barnet Lane, Whetstone, London N20 0YZ Phone: (020) 8446 9000 Fax: (020) 8446 9537 Web site: http://www.harris-lipman.co.uk JEMR LIMITED: Hires Liquidators from PKF ---------------------------------------- At the extraordinary general meeting of the members of JEMR Limited on July 11, 2005 held at 141 King Street, Great Yarmouth, Norfolk NR30 2PQ, the special resolutions to wind up the company were passed. David Merrygold and Philip Long of the firm of PKF (U.K.) LLP have been appointed joint liquidators of the company. Creditors are required to send in their full forenames and surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their Solicitors (if any), to David Merrygold, of 16 The Havens, Ransomes, Europark, Ipswich, Suffolk IP3 9SJ on or before Aug. 31, 2005. * * * The company is an independent advisor. It was previously named John Critoph Limited, John Critoph (Life Pensions & Mortgages) Limited, John Critoph (Life Pensions & Mortgage) Brokers Limited, John Critoph & Co Limited and Druro Fording Limited. CONTACT: PKF (U.K.) LLP Farringdon Place, 20 Farringdon Road, London EC1M 3AP Phone: 020 7065 0000 Fax: 020 7065 0650 E-mail: info.london@uk.pkf.com Web site: http://www.pkf.co.uk KESSITEX (FABRIC PRINTERS): Hires Liquidator from Cooper Parry -------------------------------------------------------------- At the extraordinary general meeting of the members of Kessitex (Fabric Printers) Ltd on July 5, 2005 held at 3 Centro Place, Pride Park, Derby DE24 8RF, the special resolution to wind up the company was passed. Tyrone Shaun Courtman and Jeremy Philip William Meadows of Cooper Parry LLP, The Crescent, King Street, Leicester LE1 6RX have been appointed joint liquidators of the company. Creditors are required to send their names and addresses, with particulars of their debts or claims, and the name and addresses of their Solicitors (if any), to Tyrone Shaun Courtman and Jeremy Philip William Meadows, of Cooper Parry LLP, The Crescent, King Street, Leicester LE1 6RX on or before Aug. 8, 2005. CONTACT: COOPER PARRY LLP The Crescent, King Street, Leicester LE1 6RX Web site: http://www.cooperparry.com KOKO YORK: Creditors to Meet August ----------------------------------- IN THE MATTER OF THE INSOLVENCY ACT 1986 and IN THE MATTER OF Koko York Fashions Limited A Final Meeting of the Creditors of Koko York Fashions Limited has been summoned by the Liquidator, under section 146 of the Insolvency Act 1986, for the purposes of considering these Resolutions: (a) To accept the Liquidator's final report on the administration of the Liquidation to date; and (b) The Liquidator should be granted his release from office under section 174 of the Insolvency Act 1986. The Meeting will be held at HKM LLP, 73-75 Aston Road North, Waterlinks, Birmingham B6 4DA, on August 12, 2005, at 11:00 a.m. A proxy form must be lodged with me not later than 12:00 noon on the day prior to the Meeting to entitle you to vote at the Meeting, together with a proof of debt form if you have not already lodged one. K. Mistry, Joint Liquidator July 5, 2005 CONTACT: HKM LLP 73-75 Aston Road North Birmingham B6 4DA Phone: +44(0) 121 333 7300 Fax: +44(0) 121 333 7301 Web site: http://www.hkm.co.uk KRAM INTERNATIONAL: Members Opt for Liquidation ----------------------------------------------- At an Extraordinary General Meeting of the Members of haulage contractor Kram International Transport Limited, duly convened, and held at the offices of Sale Smith & Co., Carmella House, 3 & 4 Grove Terrace, Walsall, West Midlands WS1 2NE, on Tuesday 28 June 2005, at 10:30 a.m., the following Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Eileen T F Sale, of Sale Smith & Co., Carmella House, 3 & 4 Grove Terrace, Walsall, West Midlands WS1 2NE, be and is hereby appointed Liquidator for the purpose of such winding-up." S J Baillie, Chairman CONTACT: SALE SMITH & CO. Carmella House, 3 & 4 Grove Terrace, Walsall, West Midlands WS1 2NE Phone: 01922 624777 Fax: 01922 720528 E-mail: etfs@salesmith.demon.co.uk LANCING NAVAL: Administrator from Numerica Moves in --------------------------------------------------- Name of company: THE LANCING NAVAL OLD COMRADES CLUB LIMITED (Company No 01297812) Nature of Business: Club Trade Classification: 48 Date of Appointment: July 8, 2005 Joint Administrator's Name and Address: Colin Ian Vickers (IP No 008953), 4th Floor, Southfield House, 11 Liverpool Gardens, Worthing, West Sussex BN11 1RY CONTACT: NUMERICA 4th Floor, Southfield House, 11 Liverpool Gardens, Worthing, West Sussex Phone: 01903 222500 Fax: 01903 207009 Web site: http://www.numerica.biz LASER CARE: Stationery Supplier to Liquidate -------------------------------------------- At an Extraordinary General Meeting of the Members of Laser Care Limited, duly convened, and held at Regus, Fairbourne Drive, Atterbury, Milton Keynes MK10 9RG, on 13 July 2005, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Robert Day, of Robert Day and Company, Garfield, Church Lane, Oving, Aylesbury, Buckinghamshire HP22 4HL, be and is hereby appointed Liquidator of the Company for the purpose of the voluntary winding-up." F D Maidment, Chairman MARKEY SITE: Winding-up Report Out Next Month --------------------------------------------- IN THE MATTER OF THE INSOLVENCY ACT 1986 and IN THE MATTER OF Markey Site Services Limited Notice is hereby given that the Final Meeting of Creditors of Markey Site Services Limited will be held at the offices of Grant Thornton U.K. LLP, 31 Carlton Crescent, Southampton SO14 2EW, on August 19, 2005, at 10:30 a.m. to receive the Liquidator's report of the winding-up and to determine whether the Liquidator should have his release. A Creditor entitled to attend and vote at the Meeting may appoint a proxy to attend and vote in his place. Proxy forms must be returned to the offices of Grant Thornton U.K. LLP, 31 Carlton Crescent, Southampton SO15 2EW, by no later than 12:00 noon on August 18, 2005. K. Mawer, Liquidator July 13, 2005 CONTACT: GRANT THORNTON U.K. LLP 31 Carlton Crescent Southampton SO15 2EW Phone: 023 8022 1231 Fax: 023 8022 4017 Web site: http://www.grant-thornton.co.uk MISYS PLC: Non-executive Director to Step Down September -------------------------------------------------------- Robert Ingram, a non-executive Director, will retire from the Board of Misys plc with effect from the conclusion of the Company's Annual General Meeting on 13 September 2005. Kevin Lomax, Executive Chairman, said: "Over the last three and a half years, Bob has made a valuable contribution to the development of the Group and the Board wishes him well for the future." * * * Sesame, a wholly owned subsidiary of Misys plc, has sold its 60% stake in Assureweb Limited, the B2B Internet portal for transaction of life and pensions business. The disposal of Sesame's stake in Assureweb is likely to give rise to a small accounting loss on disposal. Meanwhile, Misys plc has acquired regulatory risk management software firm, Almonde, for EUR15 million. The combined expertise of Almonde and Misys will bring together the leading forces in risk management technology to enable banks and corporate customers to manage their risks across the whole organization for Basel II or IAS compliance, risk exposure around ALM, or improving profitability around funds transfer pricing. In June, Chairman Kevin Lomax said: "We are encouraged by our performance for the full year: the momentum achieved in the first half has been maintained. This performance reflects some improvement in trading conditions but in particular the benefit of the actions we have taken. We continue to invest across our product range and to reposition Misys for growth. It has been a year of real progress and this gives us confidence for the future." 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 M MCGRATH: Appoints Joint Liquidators ------------------------------------- At an Extraordinary General Meeting of M Mcgrath Plumbing Limited, held at 312 Archway Road, Highgate, London N6 5AT, on 13 July 2005, the following Resolutions were duly passed, as an Extraordinary Resolution and as Ordinary Resolutions respectively: "That it has proved to the satisfaction of the Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable that the same be wound up voluntarily, and that the Company be wound up accordingly, that Geoff Robbins and Neil Richard Gibson, of CBA, Lichfield Place, 435 Lichfield Road, Aston, Birmingham B6 7SS, be and are hereby appointed Joint Liquidators for the purpose of such winding-up, and that the Joint Liquidators be and are hereby empowered to act jointly and severally." M McGrath, Chairman CONTACT: CBA Eagle House 28 Billing Road Northampton NN1 5AJ Phone: (01604) 702 888 Fax: (01604) 765 959 E-mail: nhamp@cba-insolvency.co.uk Web site: http://www.cba-insolvency.co.uk NEW INSTALLATION: Administrator from Abbey Taylor Moves in ---------------------------------------------------------- Name of company: NEW INSTALLATION SERVICES LIMITED (Company No 04382132) Nature of Business: Data Cabling Address of Registered Office: Crossroads Business Park, 10 Creswell Road, Clowne, Chesterfield S43 4PW Trade Classification: 46-Other Services Date of Appointment: July 11, 2005 Administrator's Name and Address: Tracy A. Taylor (IP No 008899), Abbey Taylor Ltd, Blades Enterprise Centre, John Street, Sheffield S2 4SU CONTACT: ABBEY TAYLOR LTD The Blade Enterprise Centre John Street Sheffield South Yorkshire S2 4SU Phone: 0114 292 2402 Fax: 0114 292 2403 E-mail: tracy.taylor@abbeytaylor.co.uk NORTH WEST: Members Vote on Liquidation --------------------------------------- At an Extraordinary General Meeting of the Members of North West Negoce Limited, duly convened, and held at Parsonage Chambers, 3 The Parsonage, Manchester M3 2HW, on 24 June 2005, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that John Paul Bell, be and he is hereby appointed Liquidator for the purposes of such winding-up." C Rickett, Director * * * North West sells meat-based products. CONTACT: CLARKE BELL John Paul Bell Parsonage Chambers 3 The Parsonage, Manchester M3 2HW OAKLEY CAR: In Voluntary Winding-up ----------------------------------- At an Extraordinary General Meeting of the Members of Oakley Car Sales Limited, duly convened, and held at Gable House, 239 Regents Park Road, Finchley, London N3 3LF, on 12 July 2005, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily and that M S E Solomons, be and he is hereby appointed Liquidator for the purposes of such winding-up." L Bissell, Director Oakley Cars sells second-hand cars. CONTACT: M S E SOLOMONS Gable House, 239 Regents Park Road London N3 3LF OCEANSIGN LIMITED: Names Tenon Liquidator ----------------------------------------- At an Extraordinary General Meeting of restaurant Oceansign Limited, duly convened, and held at 73 Baker Street, London W1U 6RD, on 11 July 2005, the subjoined Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily and that S R Thomas and S J Parker, of Tenon Recovery, 73 Baker Street, London W1U 6RD, be and are hereby appointed Joint Liquidators for the purposes of such winding-up, and are to act jointly and severally." At a subsequent Meeting of Creditors, duly convened, pursuant to section 98 of the Insolvency Act 1986, and held on the same day, the appointment of S R Thomas and S J Parker was confirmed. G Rebak, Chairman CONTACT: TENON RECOVERY Sherlock House 73 Baker Street London W1U 6RD Phone: 020 7935 5566 Fax: 020 7935 3512 E-mail: bakerstreet@tenongroup.com Web site: http://www.tenongroup.com OFFICE LOGISTICS: Liquidation Decided at EGM -------------------------------------------- At an Extraordinary General Meeting of The Office Logistics Company Limited, duly convened, and held at the MWB Business Exchange, 77 Oxford Street, London W1D 2ES, on 12 July 2005, at 12:45 p.m., the following Resolutions were passed as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and that accordingly the Company be wound up voluntarily, and that A Graham, of Hamiltons Insolvency Practitioners Limited, Omega Court, 368 Cemetery Road, Sheffield S11 8FT, be and is hereby appointed Liquidator of the Company for the purpose of the voluntary winding-up." At a Meeting of Creditors held on 12 July 2005 the Creditors confirmed the appointment of A Graham as Liquidator, and that anything required or authorized to be done by the Liquidator be done. N L Traylor, Chairman * * * The Office Logistics distributes and installs office furniture. PARKWAY (DIDSBURY): Calls in Liquidator from David Platt -------------------------------------------------------- At an Extraordinary General Meeting of Parkway (Didsbury) Developments Limited, duly convened, and held at David Platt Associates, Northwood, 76 Currier Lane, Ashton Under Lyne, on 12 July 2005 the following Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily and that David Graham Platt, of David Platt Associates, be and is hereby appointed as Liquidator for the purposes of such winding-up." E Fitzgerald, Director CONTACT: DAVID PLATT ASSOCIATES Northwood, 76 Currier Lane Ashton under Lyne OL6 6TB D G Platt PD PORTS: To Focus on Sale of Non-core Assets this Year ------------------------------------------------------- At the Annual General Meeting of PD Ports plc, Chief Executive Graham Roberts said: "Trading in the first quarter of the new financial year has been in line with our expectations. In our ports business, container volumes have continued to grow reflecting the establishment of new services between Teesport and Felixstowe and Rotterdam, together with higher short sea volumes at Hull. "Since April, we have welcomed two new deep sea feeder services to Teesport -- FeederLink and Portlink -- underlining the importance of Teesport as a major container gateway for the north of the U.K. Exports of steel slab via Teesport have increased by over 100% in the first quarter year-on-year and are expected to maintain this rate of growth over the whole year. "The integration of our Port Services and Logistics businesses is complete, and the merged division is meeting its cost saving targets. Cash generation remains strong and the opportunity was taken to repay the outstanding GBP5.5 million under our working capital facility with Royal Bank of Scotland. "Since the announcement of our 2004/5 annual results in May, we have made progress in respect of developing our business. Gazeley, a subsidiary of Wal-Mart, has received planning permission for the construction of a new warehouse at Teesport. The warehouse will be built on 30 acres of previously unused land under a 30-year lease with PD Teesport. The facility will process approximately 20,000 containers per annum. Subject to concluding documentation, the construction will begin shortly and the warehouse will be operational by Spring 2006. "The potential development of a deep sea container terminal at Teesport is being evaluated but a decision to proceed will depend on receiving both Government support and customer commitment towards our proposals. "A decision regarding planning consent for our Victoria Harbour development is still awaited. Discussions with the Highways Agency regarding the impact on traffic flows around Hartlepool are close to resolution but the delay means that the current year is unlikely to benefit from any Victoria Harbour property sales. This will only affect the timing of property profits, not the creation of property value. The Group will continue to focus on the sale of other non-core properties this year. "Overall, we expect 2005/6 to be another year of profits growth demonstrating good progress towards the achievement of our strategic goals." CONTACT: PD PORTS PLC 17-27 Queen's Square Middlesbrough United Kingdom TS2 1AH Phone: +44 1642 877 200 Fax: +44 1642 877 056 Web site: http://www.pdports.co.uk PENGE4U LIMITED: Winding-up Resolutions Passed at EGM ----------------------------------------------------- At an Extraordinary General Meeting of Penge4u Limited, duly convened, and held at The Spa Hotel, Mount Ephraim, Tunbridge Wells, Kent TN4 8XJ, on Wednesday 13 July 2005, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily and that Stephen John Tancock, of Smith & Williamson Limited, The Meeting House, Little Mount Sion, Tunbridge Wells, Kent TN1 1YS, be and he is hereby appointed Liquidator for the purposes of such winding-up." M J Pennell, Chairman PF (WALES): Administrators from BDO Stoy Hayward Move in -------------------------------------------------------- Name of company: PF (WALES) LIMITED (Company No 04613909) Nature of Business: Manufacture of Iron and Steel Trade Classification: 6 Date of Appointment: July 11, 2005 Joint Administrators' Name and Address: David Harry Gilbert, Simon James Michaels and Simon Edward Jex Girling (IP Nos 2376, 8824 and 9283), all of BDO Stoy Hayward LLP, 8 Baker Street, London W1U 3LL. CONTACT: BDO STOY HAYWARD LLP 8 Baker Street London W1U 3LL Phone: 020 7486 5888 Fax: 020 7487 3686 E-mail: london@bdo.co.uk Web site: http://www.bdostoyhayward.co.uk PONTARDAWE FOUNDRY: Appoints BDO Stoy Hayward Administrator ----------------------------------------------------------- Name of company: THE PONTARDAWE FOUNDRY & ENGINEERING COMPANY LIMITED (Company No 00476884) Nature of Business: Manufacture of Iron and Steel Trade Classification: 6 Date of Appointment: July 11, 2005 Joint Administrators' Name and Address: David Harry Gilbert, Simon James Michaels and Simon Edward Jex Girling (IP Nos 2376, 8824 and 9283), all of BDO Stoy Hayward LLP, 8 Baker Street, London W1U 3LL CONTACT: PONTARDAWE FOUNDRY AND ENGINEERING CO LTD Holly Street Pontardawe Swansea SA8 4ET West Glamorgan Phone: 01792 862215 Fax: 01792 830090 BDO STOY HAYWARD LLP 8 Baker Street London W1U 3LL Phone: 020 7486 5888 Fax: 020 7487 3686 E-mail: london@bdo.co.uk Web site: http://www.bdostoyhayward.co.uk PRIDE MAGAZINE: In Voluntary Liquidation ---------------------------------------- At an Extraordinary General Meeting of Pride Magazine Limited, duly convened, and held at Haines Watts, 2nd Floor, 25-31 Tavistock Place, London WC1H 9SF, on 7 July 2005, at 11:00 a.m., the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and that accordingly the Company be wound up voluntarily and that David Thorniley and Peter Forsey, of Haines Watts, 2nd Floor, 25-31 Tavistock Place, London WC1H 9SF, be and are hereby appointed Joint Liquidators of the Company for the purposes of such winding-up. Any act required to be taken by the Joint Liquidators can be undertaken by either one of them acting independently." At the subsequent Meeting of Creditors convened on 7 July 2005, the appointment of David Thorniley and Peter Forsey as Joint Liquidators was ratified. C Cushnie, Chairman CONTACT: HAINES WATTS 25-31 Tavistock Place, London WC1H 9SF Web site: http://www.hwca.com PROBIND UK: Appoints Kroll Limited Administrator ------------------------------------------------ Name of company: PROBIND UK PRINT FINISHING LIMITED (Company No 05191192) Nature of Business: Print Finishing Address of Registered Office: 21-27 St Paul's Street, Leeds LS1 2ER Date of Appointment: July 12, 2005 Joint Administrators' Names and Address: C. P. Holder and S. C. E. Mackellar (IP Nos 9093 and 6883), both of Kroll Limited, 3rd Floor, Wellington Plaza, 31 Wellington Street, Leeds LS1 4D * * * The company provides a cost effective, reliable solution for the out-placement of print finishing work. Visit http://www.probindltd.co.uk/for more information. CONTACT: PROBIND UK PRINT FINISHING LIMITED Unit 16 Gelderd Trading Estate West Vale Leeds LS12 6BD Phone: +44 (0) 113 246 7600 Fax +44 (0) 113 246 7675 E-mail: enquirydesk@probindltd.co.uk KROLL LIMITED Wellington Plaza, 31 Wellington Street, Leeds LS1 4DL Web site: http://www.krollworldwide.com RAILTRACK PLC: Mr. Byers Says Sorry for False Testimonies --------------------------------------------------------- Former British Transport Secretary Stephen Byers apologized for misleading U.K. Parliament about when his department began talks on changing the ownership of Railtrack Plc, Bloomberg reports. The company, which operated U.K. national rail infrastructure system, got into trouble when two commuter trains collided in 1999, in which 31 passengers were killed. Last year, a train was derailed, killing four people. The accidents resulted to huge losses in the company. Mr. Byers refused to give it further state funding, forcing its administration. About 49,000 former Company shareholders then filed a class action against the British government, alleging that Mr. Byers and the department abused their powers by putting the company into insolvency. The lawsuit, which opened June 27, is Britain's largest-ever class action. Shareholders could receive as much as GBP157 million (US$276 million) in damages if they succeed with their claim, according to a government estimate. The suit also alleges that Mr. Byers conspired to force the company into insolvency to "renationalize" Britain's railways without having to compensate the Company's shareholders. Mr. Byers resigned from the Department of Transport in May 2002 and is currently a Labour party member of parliament. A parliamentary committee has started reviewing Mr. Byers October 2001 decision. On July 14,2005, Mr. Byers told the court that he had given "untrue" evidence to the committee. "It is not a truthful statement, and I apologize for that," Mr. Byers said, according to a Bloomberg report. "I cannot remember the motives behind it." Mr. Byers gave testimony to the parliamentary committee on November 14, 2001, about 5 weeks after he petitioned the High Court to put the company into administration. However, Mr. Byers denied he deliberately misled the committee to deflect further investigations into his conduct. "That was not the case," he told the court, Bloomberg reports. The case, which was scheduled to last four weeks, is titled "Geoffrey Rutherford Weir and ors. v. The Secretary of State for Transport HC03CO4185." * * * The case is being held at the high court of Mr. Justice Lindsay. Jonathan Sumption is spearheading the government's defense. Geoffrey Weir is the shareholders' lead claimant. Keith Rowley QC is the shareholders' barrister. The investors are acting together as The Railtrack Private Shareholders Action Group (RPSAG). CONTACT: NETWORK RAIL LIMITED 40 Melton St. London NW1 2EE, United Kingdom Phone: +44 20 7557 8000 Fax: +44 20 7557 9000 Web site: http://www.networkrail.com RENTOKIL INITIAL: Kingfisher Finance Director Joins Board --------------------------------------------------------- Duncan Tatton-Brown, Group Finance Director of Kingfisher plc, was appointed a non-executive director of Rentokil Initial plc on July 18, 2005. * * * The company's restructuring became effective in June and the new New Rentokil Initial shares were admitted to the Official List and to trading on the London Stock Exchange's market for listed securities at that time. In May, non-executive chairman Brian McGowan, said: "In trading terms, the year has started off largely as expected, with a deterioration in profits compared with the first four months of 2004. This was due to the full effect of the significant increases in the investment in sales, marketing, service, I.T. and H.R., which were progressively fed in from May 2004 as well as the ongoing challenges of a difficult, price competitive market place. These trends are likely to continue into the second half." CONTACT: RENTOKIL INITIAL PLC Felcourt East Grinstead West Sussex RH19 2JY Phone: +44-1342-833-022 Fax: +44-1342-326-229 E-mail: pr@rentokil-initial.co.uk Web site: http://www.rentokil-initial.com RENTOKIL INITIAL: IFRS Adoption to Hit Employee Benefits ------------------------------------------------------- Rentokil Initial plc has disclosed the preliminary impact of its adoption of the International Financial Reporting Standards (IFRS) on its 2004 results. To date, the Group has prepared its accounts in compliance with U.K. Generally Accepted Accounting Practice (U.K. GAAP). The European Union regulations require the Group to adopt IFRS in its financial statements from 2005. The Group began a detailed study during 2003 to review the changes required in order to move from U.K. GAAP to IFRS. The IFRS policies carried out by the Group are expected to be formally adopted by the European Union as of 31 December 2005. However, these standards still remain subject to further amendment by and interpretative guidance from the International Accounting Standards Board (IASB) as well as the ongoing review and endorsement by the E.U., which may lead to the need for further refinement of the policies implemented by the Group. Consequently, the impact on the financial statements are provisional and remain unaudited. Finalization of the impact of transition to IFRS will be performed during the audit of 2005 results. Commenting on the Group's adoption of the new accounting rules, Roger Payne, Finance Director, said: "In common with many other companies, the adoption of IFRS will have some impact on the presentation of our financial statements, but will not fundamentally change our strategy, risk management processes or our cash flows. "The main areas of impact on the 2004 results and the 2004 balance sheet remain as first indicated in our trading statement issued on 30 November 2004 (and subsequently reaffirmed with the Preliminary Announcement of 2004 results in February 2005) as being in the areas of IAS 19 (employee benefits) and IAS 38 (intangible assets). "Clearly, and in conjunction with our auditors, we will continue to review the impact of additional IFRS implementation guidance which is being periodically issued by the IASB to ensure that our implementation of IFRS remains best practice. "2005 will be an important transitional year for all stakeholders. We aim to ensure that any presentational changes arising from the adoption of IFRS do not deflect from the current understanding of the key fundamentals in our business, particularly given the potential volatility arising from the "mark to market" requirements of IAS39 (financial instruments)." Summary Impact For 2004, the financial impact of transition to IFRS remains in both the two key areas of employee benefits under IAS 19 and the recognition and amortization of intangible assets under IAS 38 as indicated in both the November 2004 Trading Statement and the 2004 Preliminary Results Announcement made in February of this year. Other areas of lesser impact on 2004 results are IAS 17 (leases), IFRS 2 (share based payments), IAS 21 (foreign currencies), IAS 10 (events after the balance sheet date), and IAS 12 (income taxes). A full copy of the IFRS adoption's impact on results is available free of charge at http://bankrupt.com/misc/RentokilInitial(IFRS).htm. CONTACT: RENTOKIL INITIAL PLC Felcourt East Grinstead West Sussex RH19 2JY Phone: +44-1342-833-022 Fax: +44-1342-326-229 E-mail: pr@rentokil-initial.co.uk Web site: http://www.rentokil-initial.com R & R (ROLL DEVELOPMENTS): Hires BDO Stoy Hayward Administrator --------------------------------------------------------------- Name of company: R & R (ROLL DEVELOPMENTS) LIMITED (Company No 03140628) Nature of Business: Manufacture of Iron and Steel Trade Classification: 6 Date of Appointment: July 11, 2005 Joint Administrators' Name and Address: David Harry Gilbert, Simon James Michaels and Simon Edward Jex Girling (IP Nos 2376, 8824 and 9283), all of BDO Stoy Hayward LLP, 8 Baker Street, London W1U 3LL CONTACT: BDO STOY HAYWARD LLP 8 Baker Street London W1U 3LL Phone: 020 7486 5888 Fax: 020 7487 3686 E-mail: london@bdo.co.uk Web site: http://www.bdostoyhayward.co.uk R & R (WALES): Iron, Steel Manufacturer Calls in Administrator -------------------------------------------------------------- Name of company: R & R (WALES) LIMITED (Company No 0439361) Nature of Business: Manufacture of Iron and Steel Trade Classification: 6 Date of Appointment: July 11, 2005 Joint Administrators' Name and Address: David Harry Gilbert, Simon James Michaels and Simon Edward Jex Girling (IP Nos 2376, 8824 and 9283), all of BDO Stoy Hayward LLP, 8 Baker Street, London W1U 3LL CONTACT: BDO STOY HAYWARD LLP 8 Baker Street London W1U 3LL Phone: 020 7486 5888 Fax: 020 7487 3686 E-mail: london@bdo.co.uk Web site: http://www.bdostoyhayward.co.uk SAMM CUISINE: Members Opt for Liquidation ----------------------------------------- At an Extraordinary General Meeting of the Members of restaurant Samm Cuisine Limited (formerly Sunnycote Limited), duly convened, and held at Crawfords, Stanton House, 41 Blackfriars Road, Salford, Manchester M3 7DB, on 8 July 2005, the following Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that David Norman Kaye, of Crawfords, Stanton House, 41 Blackfriars Road, Salford, Manchester M3 7DB, be and he is hereby nominated Liquidator for the purposes of the winding-up." Director CONTACT: CRAWFORDS Stanton House 41 Blackfriars Road Salford Manchester Greater Manchester M3 7DB Phone: 0161 828 1000 Fax: 0161 832 1829 E-mail: akachani@aol.com SOUTHERN PLASTERING: Names Tenon Liquidator ------------------------------------------- At an Extraordinary General Meeting of Southern Plastering Services Limited, duly convened, and held at 6th Floor, Salisbury House, 31 Finsbury Circus, London EC2M 5SQ, on 6 July 2005, the subjoined Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Dilip Dattani and Duncan Beat, of Tenon Recovery, 1 Bede Island Road, Bede Island Business Park, Leicester LE2 7EA, be and are hereby appointed Joint Liquidators for the purposes of such winding up, and are to act jointly and severally." At a subsequent Meeting of Creditors, duly convened, pursuant to section 98 of the Insolvency Act 1986, and held on the same day, the appointment of Dilip Dattani and Duncan Beat was confirmed. D Richens, Chairman CONTACT: TENON RECOVERY 1 Bede Island Road Bede Island Business Park Leicester LE2 7EA Phone: 0116 222 1101 Fax: 0116 222 1102 E-mail: leicester@tenongroup.com Web site: http://www.tenongroup.com SOUTH MOSS: Members Vote on Liquidation --------------------------------------- At an Extraordinary General Meeting of the Members of equinary stabling and training firm South Moss Racing Limited, duly convened, and held at Parsonage Chambers, 3 The Parsonage, Manchester M3 2HW, on 23 June 2005, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily and that John Paul Bell be and he is hereby appointed Liquidator for the purposes of such winding-up." P Grayson, Director CONTACT: John Paul Bell Clarke Bell Parsonage Chambers 3 The Parsonage, Manchester M3 2HW SPOILS 02: Furniture Retailer in Liquidation -------------------------------------------- At an Extraordinary General Meeting of household furniture retailer Spoils 02 Limited, duly convened, and held at The Holiday Inn-Leicester West, Braunstone Lane East, Leicester LE3 2FW, on 12 July 2005, the subjoined Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company, cannot by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily and that Situl Devji Raithatha, of Springfields, 80 Hinckley Road, Leicester LE3 0RD, is hereby appointed Liquidator for the purposes of such winding-up." At a subsequent Meeting of Creditors, duly convened, pursuant to section 98 of the Insolvency Act 1986, and held on the same day, the appointment of Situl Devji Raithatha was confirmed. B R Main, Chairman CONTACT: SPRINGFIELDS 80 Hinckley Road Leicester Leicestershire LE3 0RD Phone: 0116 299 4745 Fax: 0116 299 4742 E-mail: situl.r@springfields-uk.com THOMAS CANDY: Construction Firm in Liquidation ---------------------------------------------- At an Extraordinary General Meeting of the Members of construction and civil engineering firm Thomas Candy Limited, duly convened, and held at Wilson Pitts, Glendevon House, Hawthorn Park, Coal Road, Leeds LS14 1PQ, on 8 July 2005, the following Resolutions were duly passed as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that D F Wilson and J N R Pitts be and are hereby appointed Joint Liquidators for the purposes of such winding-up." R Senior * * * Creditors of the Company are required, on or before 8 October 2005, to prove their debts by sending to the undersigned, J N R Pitts, of Wilson Pitts, Glendevon House, Hawthorn Park, Coal Road, Leeds LS14 1PQ, the Joint Liquidator of the said Company, written statements of the amounts they claim to be due to them from the Company and, if so requested, to provide such further details or produce such documentary evidence as may appear to the Liquidators to be necessary. A Creditor who has not proved his debt before the declaration of any Dividend is not entitled to disturb, by reason that he has not participated in it, the distribution of that Dividend or any other Dividend declared before his debt was proved. CONTACT: WILSON PITTS Glendevon House Hawthorn Park Coal Road Leeds West Yorkshire LS14 1PQ Phone: 0113 237 5560 Fax: 0113 237 5561 TMC TRANSPORT: Final Creditors Meetings Set Late Next Month ----------------------------------------------------------- IN THE MATTER OF THE INSOLVENCY ACT 1986 and IN THE MATTER OF TMC Transport (U.K.) Limited Notice is hereby given that the Final Meeting of Creditors of TMC Transport (U.K.) Limited will be held at the offices of Grant Thornton U.K. LLP, 31 Carlton Crescent, Southampton SO15 2EW, on August 25, 2005, at 10:30 a.m. to receive the Liquidator's report of the winding-up and to determine whether the Liquidator should have his release. A Creditor entitled to attend and vote at the Meeting may appoint a proxy to attend and vote in his place. Proxy forms must be returned to the offices of Grant Thornton U.K. LLP, 31 Carlton Crescent, Southampton SO15 2EW, by no later than 12:00 noon on August 24, 2005. G. Morphitis, Liquidator July 14, 2005 CONTACT: GRANT THORNTON U.K. LLP 31 Carlton Crescent Southampton SO15 2EW Phone: 023 8022 1231 Fax: 023 8022 4017 Web site: http://www.grant-thornton.co.uk TORVER FILTRATION: Royal Bank of Scotland Appoints Receiver ----------------------------------------------------------- Name of company: TORVER FILTRATION PRODUCTS LIMITED (Reg No 3933822) Nature of Business: Manufacture of Engineering Products Address of Registered Office: 45 Church Street, Birmingham B3 2DL Date of Appointment of Joint Administrative Receivers: 6 July 2005 Name of Person Appointing the Joint Administrative Receivers: Royal Bank of Scotland Joint Administrative Receivers: Allan Watson Graham and Andrew Stephen McGill (IP Nos 8719 and 1441), both of KPMG LLP, 2 Cornwall Street, Birmingham B3 2DL. * * * Torver Filtration Products Ltd. specializes in the manufacture of filter sleeves for efficient dust particle collection using textile needle felt filter media. Visit http://www.torver.co.uk/for more information. CONTACT: TORVER FILTRATION PRODUCTS The Old Mill Oxford Road Fegg Hayes Stoke-on-Trent ST6 6QP Phone: 01782 575357 Fax: 01782 822355 E-mail: bags@torver.co.uk KPMG LLP 2 Cornwall Street Birmingham B3 2RT Phone: (0121) 232 3000 Fax: (0121) 232 3500 Web site: http://www.kpmg.co.uk TORVER SITE: In Administrative Receivership ------------------------------------------- Name of company: TORVER SITE SERVICES LIMITED (Reg No 4713367) Nature of Business: Manufacture of Engineering Products Address of Registered Office: 45 Church Street, Birmingham B3 2DL Date of Appointment of Joint Administrative Receivers: July 6, 2005 Name of Person Appointing the Joint Administrative Receivers: Royal Bank of Scotland Joint Administrative Receivers: Allan Watson Graham and Andrew Stephen McGill (IP Nos 8719 and 1441), both of KPMG LLP, 2 Cornwall Street, Birmingham B3 2DL * * * Torver Site Services Limited is a division of Torver Filtration Products Ltd. Visit http://www.torver.co.uk/for more information. CONTACT: TORVER SITE SERVICE The Old Mill, Oxford Road, Fegg Hayes Stoke-on-Trent ST6 6QP KPMG LLP 2 Cornwall Street Birmingham B3 2RT Phone: (0121) 232 3000 Fax: (0121) 232 3500 Web site: http://www.kpmg.co.uk U.K. COAL: Expects to Lose GBP30 Million in First Half ------------------------------------------------------ U.K. Coal plc has disclosed that as previously announced, despite good progress on the operational initiatives to improve performance and higher average selling prices, the first six months of the financial year were affected by lower mining output. This resulted from the unplanned face gap at Daw Mill, the closure of Ellington in January, completion of coaling at four surface mines and lower production in certain collieries during the planned equipping of six new coal faces in the period to June. The Board currently anticipates reporting a loss before tax for the six months ended 30 June 2005 of around GBP30.0 million on sales of approximately GBP164 million after profit on the disposal of property of approximately GBP4.5 million and net rental income of approximately GBP1.4 million. Problems with methane gas and difficult ground conditions in the current developed coal panel at Harworth Colliery have lead to the decision to mothball this operation following the completion of the current coal face. The profit figures quoted above are before allowance for the impairment of Harworth colliery's assets, which may give an additional non-cash charge. They are also before any additional charge for redundancy, which may result if employees cannot be redeployed elsewhere within the group. Due to reduced production, net debt has increased by GBP36 million to GBP85 million, including leasing and hire purchase agreements but excluding balances held in respect of insurance requirements and subsidence security funds. Coal stocks held amounted to 369,000 tons (2004: 997,000 tonnes). Sales and Contracts Sales volumes in the first six months were 4.8 million tonnes (2004: 7.4 million tonnes) against production of 4.6 million tonnes (2004: 7.2 million tonnes). Unit income rose to GBP1.32 per gigajoule (2004: GBP1.17 per gigajoule) as the Company's long-term contract prices start to reflect higher international coal prices. Contract re-negotiations have been concluded with key major customers. At the end of June 2005, total coal under contract to 2010, including an estimate of sales to non-Electricity Supply Industry markets, was 38.4 million tonnes with average proceeds across all years (in 2005 prices) ranging between GBP1.31 and GBP1.40 per gigajoule. These prices are subject to inflation at full RPI and dependent upon the turnout of international coal prices. Deep Mines U.K. Coal installed new faces at six of its mines in the first half of 2005, working through 32 weeks of planned non-production at five mines during face moves and the unplanned face gap at Daw Mill announced in April. Combined, the estimated impact of these outages was 1 million tonnes, about half of this at Daw Mill. As previously announced, the Company also suffered from excess methane gas liberation at Harworth Colliery halting production for a period in January and February. This has also caused disruption to production in the second quarter. Operating improvements have produced benefits to negate some of the impact of the outages, delivering tangible benefits in both working practices and cost control. Total deep mine unit costs on the reduced output levels, excluding estimated exceptional losses of GBP12 million relating to force majeure events announced in January, were GBP1.50 per gigajoule (2004: GBP1.45 per gigajoule). Surface Mines Surface mine output in the period reduced as four sites completed coaling leaving two sites in production. Total output was 570,000 tonnes (2004: 1,183,000 tonnes) and unit costs were GBP1.28 per gigajoule (2004: 1.03 per gigajoule). While no new planning approvals were received, a total of 3 sites containing 2.7 million tonnes have been submitted to Public Inquiry on appeal and, subject to approval, would be available to start extraction in 2006. The Company, which has a land bank containing up to 100 million tonnes of coal, has submitted planning applications for a further four new sites containing 4.0 million tones of reserves. It hopes to start production on these sites in 2006. Property Rental income on business parks has continued to grow and existing buildings at Asfordby and Whitemoor are now almost fully let. New leases agreed in the first half-year in respect of the Business Parks and commercial properties have increased the annual rent roll by GBP0.4 million. The Company has submitted planning applications for business park use in respect of all the former Selby mines and have an agreed Masterplan to add a further 400,000 square feet of accommodation on its Asfordby site. If planning permission is granted, these sites will total some 300 acres. Rent reviews have been carried out in respect of agricultural land (which is held for surface mining purposes) and a survey is being carried out to assess further development opportunities. Development properties at Orgreave, Prince of Wales, Waverly and other sites totaling 1,250 acres are the subject of master planning or specific planning applications. Significant progress is being made in all areas. An additional 140 acres of former colliery and surface mine land received planning approval in the first half-year. Property proceeds in the first half-year was GBP8.2 million (2004: GBP1.9 million). This reflects the disposal of land following the extraction of value after appropriate development or receipt of planning approval. An independent property valuation is currently being carried out, the results of which are expected to be published with the interim results. This is expected to show a material increase from the valuation carried out in 2002 and updated in 2004. Power Generation Harworth Power, U.K. Coal's power generation subsidiary, has identified opportunities to submit planning applications in respect of former colliery and surface mining land for the erection of up to 40 wind turbines with a capacity of 80 MW. The applications are currently being progressed and will be determined over the next two years. Harworth Power is further developing its generation capacity with the addition of renewable generation capacity utilizing vegetable and other organic waste oils. Outlook After installing new faces at all deep mines with the exception of Welbeck, U.K. Coal should enjoy consistent production from its coal faces for much of the second half. Only Welbeck and Kellingley have scheduled moves in the second half and both relate to coal faces where a significant amount of development has already been done. Management actions to address operational issues are already starting to deliver tangible benefits. However, three collieries, Harworth, Rossington and Welbeck, remain under review, a process undertaken to improve financial returns to acceptable levels. Low production levels at Harworth Colliery have continued due to unexpected extremely difficult conditions encountered in the developed coal panel currently being worked. Following experience on this face, it is considered unlikely that further reserves can be extracted from the current coal seam. Harworth Colliery has significant potential further reserves in an alternate coal seam and the company is currently investigating ways of reducing the cost base of the mine substantially without full closure to maintain access to these reserves should it be economically viable to do so. It is likely that the decision to cease mining at Harworth following extraction of coal from the current face will result in the impairment of the carrying value of the assets of this mine. Rossington Colliery has moved to an advancing mining process following the loss of a developed area of coal in 2002. This advancing face is performing at levels, which are insufficient at the current time to support further investment in continued coal production. The management and workforce are currently looking at ways of improving this before a final decision is made on Rossington's future. Welbeck Colliery is performing well following the review process and current output levels have improved to a level which justifies further investment in the development of coal reserves. Output should continue to rise and will improve again when the next retreat coal face starts production later this year. The surface mining business continues to be actively engaged in securing new planning consents and we are optimistic this will yield new permits. The company will continue to seek planning to exploit its considerable reserve base. This will benefit output in 2006 and beyond. The property business is making good progress with significant additional value possible should planning permission be granted in respect of the many applications currently being processed. U.K. Coal has identified opportunities to expand its power generation business through wind, methane and other renewable sources and will be submitting planning applications where appropriate to develop this area of the business. CONTACT: U.K. COAL PLC Harworth Park, Blyth Rd. Harworth, Doncaster South Yorkshire DN11 8DB, United Kingdom Phone: +44-1302-751751 Fax: +44-1302-752420 Web site: http://www.ukcoal.com Inquiries Gavin Anderson Phone: 020 7554 1400 Ken Cronin WESTON STEELSTRUCTURES: Engineering Firm to Liquidate ----------------------------------------------------- At an Extraordinary General Meeting of the Members of metal structure maker Weston Steelstructures Limited, duly convened, and held at Clive House, Clive Street, Bolton BL1 1ET, on 13 July 2005, the following Resolutions were duly passed as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that M C Bowker, of Unity Corporate Recovery & Insolvency, Clive House, Clive Street, Bolton BL1 1ET, be and is hereby appointed Liquidator for the purpose of such winding-up." G Smith, Director CONTACT: UNITY CORPORATE RECOVERY AND INSOLVENCY Clive House Clive Street Bolton Lancashire BL1 1ET Phone: 01204 395000 Fax: 01204 383999 E-mail: matthewbowker@ubsg.co.uk WINGATE AND MOON: In Voluntary Liquidation ------------------------------------------ At an Extraordinary General Meeting of Wingate and Moon Design Limited, convened, and held at 32 Aldershot Road, Fleet, Hampshire GU51 3NN, on 13 July 2005, at 3:00 p.m., the following Resolutions were passed as an Extraordinary Resolution and as an Ordinary Resolution respectively: "That it has been proved to the satisfaction of the Meeting that the Company cannot, by reason of its liabilities, continue its business, and that the Company be wound up voluntarily, and that Robert James Thompson, of Rendell Thompson, 32 Aldershot Road, Fleet, Hampshire GU51 3NN, be appointed Liquidator of the Company for the purpose of the voluntary winding-up." K Wingate, Chairman ZADE LTD: Liquidator Moves in ----------------------------- At an Extraordinary General Meeting of the Members of employment agency Zade Ltd, duly convened, and held at 43 Blackstock Road, London N4 2JF, on 14 July 2005, at 10:30 a.m., the following Extraordinary Resolution was duly passed: "That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Andreas Georgiou Kakouris, 43 Blackstock Road, London N4 2JF, be and he is hereby nominated Liquidator for the purposes of the winding-up." D Worbey, Chairman CONTACT: KAKOURIS & MICHAELIDES 43 Blackstock Road London N4 2JF Phone: 020 7226 6196 Fax: 020 7704 6500 E-mail: info@agkakouris.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. The TCR Europe subscription rate is US$575 per half-year, delivered via e-mail. 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