TCREUR_Public/050907.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

          Wednesday, September 7, 2005, Vol. 6, No. 177

                            Headlines

B U L G A R I A

ALBENA AD: Stays Loss-making in First Half


F I N L A N D

BENEFON OYJ: Shareholders Back EUR1 Million Capital Increase


G E R M A N Y

BFC BODY: Falls into Bankruptcy
CAREX GESELLSCHAFT: Proofs of Claim Due Today
DAIMLERCHRYSLER AG: Seeks Liquidation of MTU Friedrichshafen
DIENER GMBH: Names Handschumacher & Merbecks Administrator
GUD GRODITZER: Calls in Administrator from Wolff/Rapp

IFG IMMOBILIEN: Leipzig Firm Goes Under
IMMODRESSA GMBH: Court to Verify Claims November
IMMOWERT GMBH: Creditors Meeting Set Next Month
KARSTADTQUELLE AG: Disposes of Logistic Units to IXIS Capital
OPTOMED AKTIENGESELLSCHAFT: Succumbs to Bankruptcy

PETER POZDZIECH: Creditors' Claims Due Later this Month
RICHTER BAUSERVICE: Goes Bust
RINOL AG: Agrees to Give Morgan Stanley, Partner Majority Stake
SCHNEIDER'S KANALBAU: Creditors to Meet November
VCL FOOD: Court Appoints Administrator from Kuebler
VOLKSWAGEN AG: Steps up Effort to Reduce Staff


I R E L A N D

AN POST: Workers Reject 'Sustaining Progress' Program
NTL IRELAND: Posts Profit for the First Time
NTL IRELAND: Antitrust Regulator to Investigate Sale


I T A L Y

IMPREGILO SPA: Pakistan Agrees to Pay US$62 Million Settlement
PARMALAT FINANZIARIA: Brazilian Unit Presents Recovery Plan
PARMALAT FINANZIARIA: Bondholders Win Landmark Case in Genoa


K Y R G Y Z S T A N

CA GLOBE: Last Day for Filing Claims October 25
GRANADA: Proofs of Claim Deadline Expires Next Month
MOYA STOLITSA: Under Bankruptcy Supervision
PIT STOP: Creditors' Claims Due October
SEMIRAMIS: Declared Insolvent


L U X E M B O U R G

NOMA LUXEMBOURG: Moody's Hints of Possible Upgrade


N E T H E R L A N D S

ROYAL SHELL: Considers Sale of 89 Service Stations in Uruguay
ROYAL SHELL: Cancels Further 2,000,000 'A' Shares


P O L A N D

VODKA WYBOROWA: Rejects Workers' Proposal to Buy Firm


R U S S I A

AGRO-PROM-STROY: Insolvency Manager Takes over Company
CENTROCREDIT BANK: Upgraded to 'B-' on Positive Track Record
DELTACREDIT BANK: Moody's Welcomes Potential Sale
ENAMEL-DISHES: Succumbs to Bankruptcy
ENERGY: Bankruptcy Hearing Set Last Week of September

KURSKIY: Insolvency Manager Enters Firm
SMOL-MEAT: Undergoes Bankruptcy Supervision Procedure
STARITSA-WOOD: Proofs of Claim Deadline Set Next Month
STROY-CONSTRUCTION: Bankruptcy Supervision Procedure Begins
TRIACETATE: Bankruptcy Hearing Set November

URALSKAYA: Creditors Opt for Liquidation
VIMPEL-COMMUNICATIONS: Rating Raised to 'BB'; Outlook Positive
YUKOS OIL: Chairman Sees Fair Chance of Surviving 2005
ZLATOUSTOVSKAYA: Declared Insolvent


S W I T Z E R L A N D

ABB LTD.: Delists from London Stock Exchange


T U R K E Y

PETROL OFISI: On CreditWatch Over Plan to Buy Tupras


U K R A I N E

ERSKAJN: Creditors' Claims Due this Week
EVAN: Court Appoints Liquidator
INNOVATIONAL CENTRE: Declared Insolvent
PROMENERGO: Insolvency Manager Takes over Helm
SEMENIVSKIJ RAJAGROPOSTACH: Goes into Liquidation


U N I T E D   K I N G D O M

3D PROFILES: Goes into Liquidation
A-CLASS FINISHERS: Court Okays Winding-up
AIRSTREAM SERVICES: Liquidators from PwC Enter Firm
APOLLO CONTRACT: Court Sanctions Liquidation
AVES BROTHERS: EGM Passes Winding-up Resolution

BENEDETTO LIMITED: Footwear Wholesaler Folds up
BIASCO (MILTON KEYNES): Creditors Meeting Set Next Week
BRITAX GROUP: Carlyle Buys Childcare Unit for GBP230 Million
BRITAX GROUP: S&P Affirms 'B+' Credit Rating
BROAD VISTAS: Pet Food Supplier Liquidates

CHELSEA FILMS: Price & Co. Liquidator Takes over Business
CITY WHARF: Mortgage Broker Winds up
CLEAROFF LIMITED: Collapses into Liquidation
CLEAR THINKING: Web Developer Crashes into Liquidation
COLERAINE F.C.: Court Picks Rehabilitation over Liquidation

COMPASS GROUP: Latest Trading Update Out September 28
CONNECTIVITY TECHNOLOGIES: Names Grant Thornton Liquidator
CRESTWISE LIMITED: Fabric Manufacturer Winds up
CRUSADER FILLINGS: Upholstery Filling Supplier Winds up
DAWSON INTERNATIONAL: Operational Performance Close to Breakeven

DIRECT SUPPLIES: Files for Liquidation
DIVERSE TOOLING: Members Decide to Wind up Business
DRAX GROUP: Extraordinary General Meeting Set Friday
EASYNET GROUP: To Release Interim Results Friday
EDGE HALL: Creditors Meeting Set Thursday

E WALTERS: Business for Sale
GATE GOURMET: Chairman Sends out Another Warning to Workers
HENDERSON GROUP: Australian Investor Gives up 11.3% Stake
H S INSULATIONS: In Administrative Receivership
INTERTEK GROUP: Half-year Revenues Up 14.5% to GBP272.3 Million

LEISURE WAREHOUSE: Court Okays Liquidation
MAININN LIMITED: Creditors Meeting Set Third Week of September
MARTIN GROUP: Appoints EJK Associates Administrator
MARTLET NATURAL: Food Manufacturer Calls in Administrator
MCA PERSONNEL: Creditors Meeting Set Next Week

MEDICAST LIMITED: Names RSM Robson Rhodes Liquidator
MG ROVER: Over 2,000 Former Staff 'Return' to Work
NAUGHTY CLOTHING: Barclays Bank Appoints Receiver
PLANESTATION LIMITED: Hires Administrators from Grant Thornton
PURPLE M LIMITED: Names DTE Leonard Curtis Liquidator

SPECTRUM INTEGRATED: Files for Liquidation
VANTAGE POINT: Calls in Administrators from Middleton Partners
WIGGINS MANAGEMENT: Grant Thornton Administrators Move in
WM MORRISON: Ex-MEPC Director Joins Board


                            *********


===============
B U L G A R I A
===============


ALBENA AD: Stays Loss-making in First Half
------------------------------------------
Resort operator Albena AD posted a loss of BGN5.8 million during
the first half, according to Dnevnik am.  The figure is slightly
better than last year's BGN6.19 million loss.  Revenues from
services increased 65% to BGN12.2 million.

The company reported assets of BGN343.14 million and market
capitalization of BGN323 million.  Albena operates a seaside
resort of the same name.

CONTACT:  ALBENA AD
          St. Ivan Rilski str. No 35-37
          Sofia 1000
          Phone: + 359 2 9532468
          Fax: + 359 2 9532468
          E-mail: office@albena.bg
          Web site: http://www.albena.bg/


=============
F I N L A N D
=============


BENEFON OYJ: Shareholders Back EUR1 Million Capital Increase
------------------------------------------------------------
The extraordinary shareholders' meeting of Benefon Oyj on 5
September 2005 resolved in accordance with the Board of
Director's proposals to authorize the Board of Directors to
decide on a new issue of shares based on pre-emptive subscription
rights of the shareholders, to adopt a new option program, to
amend the terms of the option program adopted on 26 February 2004
and to adopt an option program for the Managing Director, all as
specified below.

(a) Authorizing the Board of Directors to decide on a new issue
    of shares

The extraordinary shareholders´ meeting decided to authorize the
Board of Directors to decide on an increase in the Company's
share capital by a maximum of EUR1,000,000 through a new issue of
shares based on pre-emptive subscription rights of the
shareholders, by issuing a maximum of 100,000,000 new investment
class shares (BNFSV), or convertible loans or option rights that
entitle to said shares.  The shares each have a counter book
value of EUR0.01.  Any shares, convertible loans or option rights
that are not subscribed by the shareholders pursuant to the
pre-emptive subscription rights of the shareholders may be
allocated by the Board of Directors to new investors for
subscription.

The meeting decided further that the Board of Directors shall
decide on the subscription price so that the subscription price
may incorporate a discount to the market price prevailing at the
time the decision is taken, but shall not be lower than the
counter book value of the shares.

The principal amount of the capital loans, as defined in the
Finnish Companies Act, issued by the Company, excluding any
accrued interest thereon, may be used to set-off the subscription
price.

The Board of Directors was authorized o determine the
subscription price and to decide on all other terms and
conditions of the share issue.  The authorization shall be valid
for a period of one year from this decision.

(b) Adoption of a new option program

The extraordinary shareholders´ meeting decided to adopt a new
option program and to issue a maximum of 20,000,000 new option
rights.  Each option right shall entitle its holder to subscribe
for one (1) new investment class share (BNFSV) in the Company.
As a result of the subscriptions, the number of shares in the
Company may increase by a maximum of 20,000,000 new investment
class shares (BNFSV) and the share capital of the Company may
increase by a maximum of EUR200,000.  The issue of option rights
will deviate from the pre-emptive subscription rights of the
shareholders and the option rights will be offered free of
charge.  There is a weighty financial justification for the
deviation as the Company needs to provide effective incentives
for its key employees, constituents and strategic partners.

As determined by the Board of Directors, the option rights under
the said option program may be subscribed by the Company's senior
management, managing director, board of directors and key
employees, as well as the Company's strategic suppliers, vendors,
consultants and other partners, whether any of them are
shareholders or non-shareholders.  The option rights may also be
subscribed by the Company's subsidiary or other third party
determined by the board of directors solely for purposes of
holding the option rights prior to their further transfer to the
Company's key employees, constituents and strategic partners.
Such subsidiary or third party shall not be entitled to subscribe
new shares under the option rights.  The subscribers of the
option rights may include individuals or entities that are part
of the Company's inner circle.

According to the most recent information available to the
Company, the inner circle (lahipiiri) of the Company owns a total
of approximately 69.5% of the outstanding shares, share capital
and votes of the Company.  Based on the decision of the
Extraordinary Shareholders' Meeting to authorize the Board to
issue new shares, and the decision to adopt the new
option-programs and to amend the 2004 option program, the inner
circle's ownership may increase to a maximum of approximately
71.2% of the total outstanding voting rights in the Company.
This is based on the assumption that the inner circle subscribes
for new shares by using all subscription rights available to
them, receives all the available options and uses them to
subscribe new shares.

The option rights shall be divided into A, B, C and D class
options, each with a different subscription period and
subscription price.  The maximum number of option rights in class
A shall be 3,000,000, in class B 5,000,000, in class C 7,000,000
and in class D 5,000,000.  The subscription period for the option
rights in all classes shall begin on the date that this decision
to issue option rights is registered with the trade register and
ends six (6) months thereafter.  The option rights may be entered
into the book-entry system. The Board will decide about the
related procedure and schedule.

The share subscription period for A options commences on 1
January 2006, for B options on 1 January 2007, for C options on 1
January 2008 and for D options on 1 July 2008.  The share
subscription period for all option rights ends on 31 December
2008.

The share subscription price for the options shall be the trade
volume weighted average price of the Company's shares on the
Helsinki Stock Exchange between 1 October 2005 and 30 November
2005, increased as:

     (i) for option right A an increase by 25%,

    (ii) for option right B an increase by 50%,
   (iii) for option right C an increase by 100%,

    (iv) for option right D an increase by 200%

The minimum share subscription price shall nevertheless always be
the counter book value of the share at the minimum.

(c) Amendment to the terms of the option program adopted on 26
    February 2004

The extraordinary shareholders' meeting decided to amend the
terms of the option program adopted on 26 April 2004, and as
amended on 28 May 2004, 30 September 2004 and 26 May 2005 so
that, as determined by the Board of Directors, the option rights
under said option program may be subscribed by the Company's
senior management, managing director, Board of Directors and key
employees, as well as the Company's strategic suppliers, vendors,
consultants and other partners, whether any of them are
shareholders or non-shareholders.  The subscribers of the option
rights may include individuals or entities that are part of the
Company's inner circle.  The option rights may be entered into
the book-entry system.  The Board will decide about the related
procedure and schedule.

According to the most recent information available to the
Company, the inner circle (lahipiiri) of the Company owns a total
of approximately 69.5% of the outstanding shares, share capital
and votes of the Company.  Based on the decision of the
Extraordinary Shareholders' Meeting to authorize the Board to
issue new shares, and the decision to adopt the new
option-programs and to amend the 2004 option program, the inner
circle's ownership may increase to a maximum of approximately
71.2% of the total outstanding voting rights in the Company.
This is based on the assumption that the inner circle subscribes
for new shares by using all subscription rights available to
them, receives all the available options and uses them to
subscribe new shares.

(d) Adoption of an option program for the Managing Director

The extraordinary shareholders' meeting decided to adopt a new
option program and to issue a maximum of 1,500,000 new option
rights to the Company's current managing director.  Each option
right entitles its holder to subscribe for one (1) new investment
class share (BNFSV) in the Company at a fixed subscription price
of EUR0.10.  As a result of the subscriptions, the number of
shares in the Company may increase by a maximum of 1,500,000 new
investment class shares (BNFSV) and the share capital of the
Company may increase by a maximum of EUR15,000.  The issue of
option rights will deviate from the pre-emptive subscription
rights of the shareholders and the option rights will be offered
free of charge.  There is a weighty financial justification for
this deviation as the Company needs to provide sufficient
incentives for the current managing director to continue to
develop the operations of Company as the operative manager.

According to the most recent information available to the
Company, the inner circle (lahipiiri) of the Company owns a total
of approximately 69.5% of the outstanding shares, share capital
and votes of the Company.  Based on the decision of the
extraordinary shareholders' meeting to authorize the Board to
issue new shares, and the decision to adopt the new
option-programs and to amend the 2004 option program, the inner
circle's ownership may increase to a maximum of approximately
71.2% of the total outstanding voting rights in the Company.
This is based on the assumption that the inner circle subscribes
for new shares by using all subscription rights available to
them, receives all the available options and uses them to
subscribe new shares.

The option rights shall be divided into A, B and C class options.
The maximum number of option rights in class A shall be 500,000,
in class B 500,000 and in class C 500,000.  The subscription
period for the option rights in all classes shall begin on the
date that this decision to issue option rights is registered with
the trade register and ends six (6) months thereafter.  The
option rights may be entered into the book-entry system.  The
Board will decide about the related procedure and schedule.

The option rights entitle the holder to subscribe for the new
shares upon the specific preconditions for each option class as
specified in the board of director's proposal, and shall be based
on the development of the Company's operations.  In case the
specific preconditions for any of the option classes A, B, C are
not met, the options in such class will not entitle its holder to
subscribe any shares.

The share subscription period for each option class shall be 30
days and shall begin 45 days after the date the preconditions for
that class have been met, and it shall end 75 days from said
date.  The deadline for meeting the preconditions of all option
classes shall be July 1, 2007, meaning that the latest possible
subscription period for options of all classes shall begin on
Aug. 15, 2007 and end on Sept. 15, 2007.

BENEFON OYJ
Board of Directors

Tomi Raita
CEO

                        About the Company

Headquartered in Salo, Finland, Benefon provides mobile
telematics solutions for saving lives, securing assets and
improving field management.  It applied for statutory corporate
reorganization with the court of first instance in Turku on April
24, 2003 after failing to find funding on time.  British Octagon
Solutions set the restructuring program as a condition for its
investment of EUR1.65 million in return for a two-thirds share in
the company.  It confirmed in June it is ending its
reorganization program 3-and-a-half years early.

CONTACT:  BENEFON OYJ
          P.O. Box 84 Meriniitynkatu
          11 FIN-24101 Salo, Finland
          Phone: +358-2-77 400
          Fax: +358-2-733 2633
          Web site: http://www.benefon.com


=============
G E R M A N Y
=============


BFC BODY: Falls into Bankruptcy
-------------------------------
The district court of Frankfurt am Main opened bankruptcy
proceedings against BFC Body-Fit-Center GmbH on July 29.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until September 26,
2005 to register their claims with court-appointed provisional
administrator Dr. Stephan Schlegel.

Creditors and other interested parties are encouraged to attend
the meeting on October 24, 2005, 9:00 a.m. at the district court
of Frankfurt am Main, Saal 1, Gebaude F, Klingerstrasse 20, 60313
Frankfurt am Main, 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:  BFC BODY-FIT-CENTER GmbH
          Heerstrasse 54, 60488 Frankfurt am Main
          Contact:
          Diego Mazza, Manager
          Brueningstrasse 38, 65929 Frankfurt am Main

          Dr. Stephan Schlegel, Administrator
          Hauptstrasse 87, 65760 Eschborn
          Phone: 06196/5234092
          Fax: 06196/5234093


CAREX GESELLSCHAFT: Proofs of Claim Due Today
---------------------------------------------
The district court of Frankfurt am Main opened bankruptcy
proceedings against CAREX Gesellschaft fuer Export von Fahrzeugen
mbH on August 4.  Consequently, all pending proceedings against
the company have been automatically stayed.  Creditors have until
September 7, 2005 to register their claims with court-appointed
provisional administrator Michael C. Frege.

Creditors and other interested parties are encouraged to attend
the meeting on October 19, 2005, 10:05 a.m. at the district court
of Frankfurt am Main, Saal 2, Gebaude F, Klingerstrasse 20, 60313
Frankfurt am Main, 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:  CAREX GESELLSCHAFT FUER EXPORT VON FAHRZEUGEN mbH
          Bruchfeldstrasse 92, 60528 Frankfurt am Main
          Contact:
          Horst Exner, Manager
          Goldsteinstrasse 44, 60528 Frankfurt am Main

          Michael C. Frege, Administrator
          Barckhausstrasse 12-16, 60325 Frankfurt/Main
          Phone: 069/71701-300
          Fax: 069/7170140410


DAIMLERCHRYSLER AG: Seeks Liquidation of MTU Friedrichshafen
------------------------------------------------------------
German-U.S. carmaker DaimlerChrysler plans to liquidate diesel
engine manufacturer MTU Friedrichshafen to go ahead with the
firm's sale, according to Frankfurter Allgemeine Zeitung.

DaimlerChrysler is in dispute with MTU's founding families over
the future of the company.  The Schmid-Maybach and
Brandenstein-Zeppelin families own nearly 12% of MTU and a veto
right.  To overcome the veto, DaimlerChrysler must apply to
liquidate the company.

Talks ended on Thursday between Daimler and the families without
a resolution.  The families wanted to retain shareholding in MTU,
possibly increasing it in the future.  They said in a statement
this is only possible if a financial investor is found, such as
U.S.'s Carlyle.  They fear an uncontrolled bidding could damage
the company.  A Daimler spokesperson plays down the potential
breakup of MTU under a sale.

Despite the deadlock, the families are still hopeful of achieving
an agreement.  According to them, they do not want arguments or
lengthy legal battles, but they are mulling legal action against
the planned liquidation.

Caught in the uncertainty are the jobs of 6,700 people.  MTU had
turnover of EUR1.75 billion in 2004.  Visit
http://www.mtu-online.com/for more information.


DIENER GMBH: Names Handschumacher & Merbecks Administrator
----------------------------------------------------------
The district court of Chemnitz opened bankruptcy proceedings
against Diener GmbH on August 10.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until September 20, 2005 to register their claims
with court-appointed provisional administrator Markus M.
Merbecks.

Creditors and other interested parties are encouraged to attend
the meeting on November 1, 2005, 9:15 a.m. at the district court
of Chemnitz, Saal 24, im Gerichtsgebaude Fuerstenstrasse 21,
Chemnitz, 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:  DIENER GmbH
          Wachbergstr. 5, 08280 Aue
          Contact:
          Steve Diener, Manager

          Markus M. Merbecks, Administrator
          Dr. Handschumacher & Merbecks
          Ludwigstrasse 58, 09113 Chemnitz
          Web site: http://www.merbecks.de


GUD GRODITZER: Calls in Administrator from Wolff/Rapp
-----------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against GUD Groditzer Umwelt Dienst GmbH on August 11.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until September 21,
2005 to register their claims with court-appointed provisional
administrator Jan Gartner.

Creditors and other interested parties are encouraged to attend
the meeting on November 2, 2005, 9:20 a.m. at the district court
of Dresden, Saal D132, Amtsgericht Dresden, Olbrichtplatz 1,
01099 Dresden, at which time the administrator will present his
first report of the insolvency proceedings.  The court will also
verify the claims set out in the administrator's report during
this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  GUD GRODITZER UMWELT DIENST GmbH
          A.-Niethammer-Strasse 20 in 01609 Groditz

          Jan Gartner, Administrator
          Wolf/Rapp Rechtsanwalte
          Weisseritzstrasse 3, 01067 Dresden
          Web site: http://www.WORAKO.de


IFG IMMOBILIEN: Leipzig Firm Goes Under
---------------------------------------
The district court of Leipzig opened bankruptcy proceedings
against IFG Immobilien- und Finanzdienstleistungsgesellschaft
Lich mbH on August 15.  Consequently, all pending proceedings
against the company have been automatically stayed.  Creditors
have until September 22, 2005 to register their claims with
court-appointed provisional administrator Stephan Poppe.

Creditors and other interested parties are encouraged to attend
the meeting on October 21, 2005, 9:45 a.m. at the district court
of Leipzig, Saal 056, 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:  IFG IMMOBILIEN- UND FINANZDIENSTLEISTUNGSGESELLSCHAFT
          LICH mbH
          Kohlgartenstr. 65, 04315 Leipzig
          Contact:
          Andreas Lewandowski, Manager

          Stephan Poppe, Administrator
          Kathe-Kollwitz-Strasse 9, 04109 Leipzig


IMMODRESSA GMBH: Court to Verify Claims November
------------------------------------------------
The district court of Aachen opened bankruptcy proceedings
against Immodressa GmbH on August 16.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until October 7, 2005 to register their claims
with court-appointed provisional administrator Frank Wiedemann.

Creditors and other interested parties are encouraged to attend
the meeting on November 7, 2005, 9:30 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:  IMMODRESSA GmbH
          Kirchstr. 23, 41849 Wassenberg
          Contact:
          Dr. Konstantin Sander, Manager
          Alte Bahn 22, 41849 Wassenberg

          Frank Wiedemann, Administrator
          Eupener Str. 181, 52066 Aachen
          Phone: 0241/6052800
          Fax: 0241/6052799


IMMOWERT GMBH: Creditors Meeting Set Next Month
-----------------------------------------------
The district court of Darmstadt opened bankruptcy proceedings
against ImmoWert GmbH on August 11.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until September 13, 2005 to register their claims
with court-appointed provisional administrator Dr. Jan Markus
Plathner.

Creditors and other interested parties are encouraged to attend
the meeting on October 25, 2005, 10:45 a.m. at the district court
of Darmstadt, Zimmer 4, Gebaude E, Landwehrstrasse 48, 64293
Darmstadt, 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:  IMMOWERT GmbH
          Am Gewerbepark 23, 64823 Gross-Umstadt
          Contact:
          Dr. Karl Adam Engelter, Manager

          Dr. Jan Markus Plathner, Administrator
          Lyoner Strasse 14, 60528 Frankfurt
          Phone: 069/962334-0
          Fax: 069/962334-22


KARSTADTQUELLE AG: Disposes of Logistic Units to IXIS Capital
-------------------------------------------------------------
IXIS Capital Partners, a subsidiary of IXIS Corporate &
Investment Bank, has acquired three national goods distribution
centres from KarstadtQuelle AG, Essen, via its Captiva Capital
Partners II fund.  The two companies announced this in a joint
declaration on Sept. 5, 2005.  Both parties agreed not to
disclose the purchase price.

The properties are located in Unna, Essen (Vogelheim) as well as
in Brieselang (near Berlin).  The properties are being acquired
in a sale and leaseback transaction -- KarstadtQuelle leased back
the distribution properties on long-term leases.

Overall, the three properties have a total developed area of
550,000 square meters.  The goods distribution center in Unna
alone has a total area exceeding 302,000 square meters, making it
one of the largest logistics properties in Germany.

John van Oost, Managing Partner at IXIS Capital Partners,
commented, "We are very happy to have concluded this agreement
with KarstadtQuelle.  The three properties ideally supplement our
portfolio, and are perfectly in line with our investment
strategy.  At the same time, this initial transaction in Germany
underlines our confidence in this economic location."

Harald Pinger, CFO at KarstadtQuelle AG, stated, "The sale of
these three logistics properties is a continuation of our
divestment policy.  We have thus taken a further important step
in the restructuring of our group."

The Companies

Essen-based KarstadtQuelle AG is Europe's leading department
store and mail order group.  The Group's divisions include
Over-the-Counter Retail, Mail Order, Tourism, Services and Real
Estate.  Everyday, 2.5 million customers make a purchase in
Karstadt department stores.  Karstadt is the largest issuer of
credit cards in Germany.  In E-Commerce, KarstadtQuelle is ranked
No. 2 in Germany, after eBay.

IXIS Capital Partners is a financial investor specializing in
property.  As a subsidiary of IXIS Corporate & Investment Bank
the company belongs to Caisse Nationale des Caisses d'Epargne,
the third-largest bank network in France.

IXIS Capital Partners is a specialist for structured sale and
leaseback transactions with company, national and regional
administrations in Germany, France, Italy, Spain and the Benelux
countries.  Since December 2001, IXIS Capital Partners, alone or
in cooperation with others, has acquired more than 1,400
properties with a total value of over EUR4.2 billion.

CONTACT:  KARSTADTQUELLE AG
          Theodor-Althoff-Str. 2
          D-45133 Essen
          Phone: +49-201-727-1
          Fax: +49-201-727-5216
          Web site: http://www.karstadtquelle.com

          Investor Relations
          Detlef Neveling
          Phone: + 49 (0) 201/727-98 17
          Fax: + 49 (0) 201/727-98 54
          E-mail: detlef.neveling@karstadtquelle.com


OPTOMED AKTIENGESELLSCHAFT: Succumbs to Bankruptcy
--------------------------------------------------
The district court of Saarbruecken opened bankruptcy proceedings
against OptoMed Aktiengesellschaft on August 12.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until September 30, 2005 to
register their claims with court-appointed provisional
administrator Dr. Udo Michalsky.

Creditors and other interested parties are encouraged to attend
the meeting on September 29, 2005, 10:00 a.m. at the district
court of Saarbruecken, Aussenstelle Sulzbach, Vopeliusstrasse 2,
66280 Sulzbach, 2. Etage, Saal 24, 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:  OPTOMED AKTIENGESELLSCHAFT
          Sickinger Strasse 9, 66424 Homburg
          Contact:
          Dr. med. Jan Henrik Wilkens, Manager

          Dr. Udo Michalsky, Administrator
          Kaiserstrasse 77, 66386 St. Ingbert
          Phone: (06894) 3876 311
          Fax: (06894) 382185


PETER POZDZIECH: Creditors' Claims Due Later this Month
-------------------------------------------------------
The district court of Bochum opened bankruptcy proceedings
against Peter Pozdziech Verwaltungs-GmbH on August 12.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until September 23,
2005 to register their claims with court-appointed provisional
administrator Raimund Kress.

Creditors and other interested parties are encouraged to attend
the meeting on November 4, 2005, 9:30 a.m. at the district court
of Bochum, Hauptstelle, Viktoriastrasse 14, 44787 Bochum,
Erdgeschoss, Saal A29, 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:  PETER POZDZIECH VERWALTUNGS-GmbH
          Grabelohstr. 4, 44892 Bochum
          Contact:
          Peter Pozdziech, Manager

          Raimund Kress, Administrator
          Universitatsstrasse 125, 44789 Bochum
          Phone: 930 29-0
          Fax: 930 29-20


RICHTER BAUSERVICE: Goes Bust
-----------------------------
The district court of Rostock opened bankruptcy proceedings
against Richter Bauservice GmbH on August 10.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until October 5, 2005 to register their
claims with court-appointed provisional administrator Reiner
Linck.

Creditors and other interested parties are encouraged to attend
the meeting on November 2, 2005, 9:00 a.m. at the district court
of Rostock, Zochstrasse, 18057 Rostock, Saal 330, 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:  RICHTER BAUSERVICE GmbH
          Contact:
          Wulf Richter, Manager
          Marieneher Strasse 13, 18069 Rostock

          Reiner Linck, Administrator
          Paulstrasse 44, 18055 Rostock


RINOL AG: Agrees to Give Morgan Stanley, Partner Majority Stake
---------------------------------------------------------------
More than 98% of shareholders accepted the offer of Morgan
Stanley and DB Zwirn, effectively steering the industrial
flooring maker away from insolvency.

The two have offered to inject EUR7 million in fresh capital in
exchange for a debt-for-equity swap, which involves the loans and
credits they took over from creditor banks last year.  The swap
will give them 52% of the company, Frankfurter Allgemeine Zeitung
says.

Rinol will then undergo a capital writedown that will reduce its
equity to EUR1.6 million from EUR16.2 million.  This will be
followed by a capital increase involving non-cash contributions
from main creditors, who will swap their bearer bonds worth EUR31
million for 1.8 million shares.  These shares carry a nominal
value of EUR1.

Rinol was able to slash its first-half EBIT loss from EUR3.7
million in 2004 to EUR3.5 million this year, despite a 5% slide
in turnover to EUR43.2 million.

CONTACT:  RINOL AG
          Benzstrasse 2
          71272 Renningen
          Phone: + 49 7159 164-0
          Fax: + 49 7159 5152
          E-mail: info@rinol.com
          Web site: http://www.rinol.com

          MORGAN STANLEY
          1585 Broadway
          New York, NY 10036
          Phone: 212-761-4000
          Fax: 212-762-0575
          Web site: http://www.morganstanley.com

          DB ZWIRN & CO., LP
          745 Fifth Avenue, 18th Floor
          New York, NY 10151
          Web site: http://www.dbzco.com


SCHNEIDER'S KANALBAU: Creditors to Meet November
------------------------------------------------
The district court of Frankfurt am Main opened bankruptcy
proceedings against Schneider's Kanalbau und Reinigungsgeschäft
GmbH & Co. KG on August 1.  Consequently, all pending proceedings
against the company have been automatically stayed.  Creditors
have until October 20, 2005 to register their claims with
court-appointed provisional administrator Angelika Amend.

Creditors and other interested parties are encouraged to attend
the meeting on November 11, 2005, 9:05 a.m. at the district court
of Frankfurt am Main, Saal 1, Gebaude F, Klingerstrasse 20, 60313
Frankfurt am Main, 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:  SCHNEIDER'S KANALBAU
          UND REINIGUNGSGESCHAFT GmbH & Co. KG
          Gutleutstrasse 98, 60329 Frankfurt am Main

          Angelika Amend, Administrator
          Minnholzweg 2b, D-61476 Kronberg
          Phone: 06173/78340
          Fax: 06173/783422


VCL FOOD: Court Appoints Administrator from Kuebler
---------------------------------------------------
The district court of Frankfurt am Main opened bankruptcy
proceedings against VCL food & more GmbH on August 5.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until October 8, 2005
to register their claims with court-appointed provisional
administrator Dr. Stephan Laubereau.

Creditors and other interested parties are encouraged to attend
the meeting on November 16, 2005, 10:05 a.m. at the district
court of Frankfurt am Main, Saal 2, Gebaude F, Klingerstrasse 20,
60313 Frankfurt am Main, 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:  VCL FOOD & MORE GmbH
          Kirschbaumweg 29, 60489 Frankfurt am Main

          Dr. Stephan Laubereau, Administrator
          Wolf-Heidenheim-Str. 12, 60489 Frankfurt/Main
          Phone: 069/71379830
          Fax: 069/71379833
          Web site: http://www.kuebler-gbr.de


VOLKSWAGEN AG: Steps up Effort to Reduce Staff
----------------------------------------------
Despite rising sales, the Volkswagen Group still has considerable
overcapacity and will therefore be intensifying its efforts to
cut back manpower.

This was announced Tuesday by the Chairman of the Board of
Management of Volkswagen AG, Dr. Bernd Pischetsrieder, during a
shop floor meeting at the main plant in Wolfsburg.  These
cutbacks will be achieved using instruments available under the
collective agreement such as early retirement under a partial
retirement program.  It is planned to extend eligibility for
early retirement to employees born in 1951, with a further
extension to cover employees born in 1952 if required.
Furthermore, individual employees will be offered termination
packages.  These measures apply to employees in all areas,
including senior managers.

Meanwhile, a decision to build the compact SUV in Wolfsburg could
secure some 1,000 jobs.  This would be an important decision for
the site.  However, it would not alter the fact that Volkswagen
has surplus manpower of the order of several thousand employees
at its German sites, in particular Wolfsburg.

As already announced, Volkswagen expects a year-on-year
improvement in both operating profit after special items and
profit before tax in 2005.

                            *    *    *

In August, Volkswagen reported that half-year operating profit
increased 61.6% year-on-year to EUR1.4 billion (previous year:
EUR851 million).  At 4.5%, ratio of investments in property,
plant and equipment (capex) to sales revenue in the Automotive
Division was significantly lower than in 2004 (6.0%), lifting net
cash flow to EUR658 million (previous year: EUR270 million).  It
also revealed a further improvement in net
liquidity of the Automotive Division to -EUR1.1 billion.

The company admitted that there was no significant improvement
in the economic environment in the first six months of
2005.  Although the German passenger car market developed better
in the second quarter of 2005 than in the first three months,
the overall situation in the most important automotive markets
remained difficult.  Despite the slight improvement in exchange
rates for eurozone exporters in recent months, the global
situation remains unfavorable for Volkswagen AG.

In addition, the company expects that competitive pressures will
tend to increase and that the cost of raw materials --
especially steel and plastics -- will remain at high levels.
Moreover, it believes that the high oil price and the consequent
jump in fuel prices to new record highs will further dampen
automotive consumer confidence.

It is systematically continuing the Group-wide ForMotion program
and will achieve its goal of a EUR3.1 billion earnings
contribution in 2005.  In this context, Volkswagen has initiated
measures to restore its competitive position and return to
profitability in the U.S.A.  In addition, it will restructure
its business in China.

CONTACT:  VOLKSWAGEN AG
          Brieffach 1848-2
          38436 Wolfsburg, Germany
          Phone: +49 53 61 90
          Fax: +49 53 61 92 82 82
          Web site: http://www.volkswagen.de


=============
I R E L A N D
=============


AN POST: Workers Reject 'Sustaining Progress' Program
-----------------------------------------------------
Postal workers belonging to the Communications Workers' Union on
Monday rejected conditional wage increases proposed by the Labour
Court, according to BizWorld.

Under the plan, 10,000 employees will receive additional wages
under Sustaining Progress program, but the cost of living
increases will only be made available if postal collection and
delivery staff agree to significant cost-cutting measures.

The workers said the scheme places excessive burden on members
-- numbering about 4,500 -- who would be directly affected by the
changes.  CWU general secretary Steve Fitzpatrick said they are
being unfairly pressured to make the sacrifice for 6,000
colleagues.

The cost-saving measure includes cuts in holiday pay and the
scrapping of other benefits for company staff availing of the pay
rises.

                            *   *   *

The company closed last year with an after-tax profit of EUR6.5
million, ending three successive years of escalating losses that
threatened its future.

In April, An Post revealed an operating profit of EUR1.8 million,
with exceptional income of EUR5.3 million from property disposals
and other items reflecting the success of its crisis control
measures.

Turnover in the year at EUR750.2 million was up by EUR41
million -- an increase of 5.8% on 2003.  Staff and postmasters'
costs at EUR502.4 million were marginally up on the previous year
while other costs decreased.

The financial turnaround was reportedly achieved by carrying out
a recovery strategy that involved cutting non-pay costs,
curtailing pay costs through stringent control of overtime and
recruitment, and the non-payment of Sustaining Progress.

However, future prospects for the Company remain uncertain as
mail volumes declined by 1.3% since 2003 - the second successive
year -- despite national economic growth of 5% a year and an
additional 80,000 new delivery points.

CONTACT:  AN POST
          E-mail: pressoffice@anpost.ie
          Web site: http://www.anpost.ie


NTL IRELAND: Posts Profit for the First Time
--------------------------------------------
NTL Ireland reported its first ever profit of EUR10.5 million
before tax for the year to December 2004, according to BizWorld.
The company had EUR2.9 million losses in the previous year.  It
cut costs for the year to EUR93.2 million from EUR104.2 million.
Turnover is up slightly to EUR106.5 million from EUR105.3
million.

The company has more than 350,000 subscribers to its TV and
broadband services.

Ntl Incorporated (NASDAQ: NTLI) offers a wide range of
communications and content distribution services to residential
and business customers throughout the U.K.

CONTACT:  NTL INCORPORATED
          Web site: http://www.ntl.com

          Investor Relations:
          Patti Leahy
          Phone: +1 610 667 5554
          E-mail: patricia.leahy@ntl.com

          Investor Relations office
          Phone: +44 (0) 207 967 3347
          E-mail: karen.bullot2@ntl.com

          BUCHANAN COMMUNICATIONS
          Richard Oldworth or Jeremy Garcia
          Phone: +44 (0) 207 466 5000


NTL IRELAND: Antitrust Regulator to Investigate Sale
----------------------------------------------------
The Competition Authority is to examine fully whether the
proposed acquisition by UGC of cable firm NTL Ireland could
weaken competition in the sector, according to BizWorld.

The European cable TV operator is planning to merge NTL with its
Irish cable firm Chorus to create a national cable company.

UGC acquired NTL Ireland from NTL Group for EUR325 million a few
months ago by paying its bankers Morgan Stanley EUR329 million to
buy NTL Ireland on its behalf.  Under the agreement, Morgan
Stanley is to hold NTL Ireland in trust until the deal passed
competition scrutiny.  While the investigation is ongoing, UGC
has to pay Morgan Stanley an extra EUR150,000 per month.  The
probe could run beyond December.

NTL has just turned in a profit of EUR10.5 million before tax for
the year to December 2004, a reversal of last year's EUR2.9
million losses.

CONTACT:  NTL INCORPORATED
          Web site: http://www.ntl.com

          Investor Relations:
          Patti Leahy
          Phone: +1 610 667 5554
          E-mail: patricia.leahy@ntl.com

          Investor Relations office
          Phone: +44 (0) 207 967 3347
          E-mail: karen.bullot2@ntl.com

          BUCHANAN COMMUNICATIONS
          Richard Oldworth or Jeremy Garcia
          Phone: +44 (0) 207 466 5000


=========
I T A L Y
=========


IMPREGILO SPA: Pakistan Agrees to Pay US$62 Million Settlement
--------------------------------------------------------------
Construction firm Impregilo S.p.A. will receive US$62 million
from the government of Pakistan to settle a dispute over a
project it undertook there in 2003.

According to AFX News, the dispute revolves around the
recognition of additional costs that Impregilo incurred in
completing the Ghazi Barotha plant on the Indo River, which
became operational in August 2003.  The project involves the
construction of a dam and a giant artificial water channel that
increased the government's energy production capacity by 15%.

Impregilo said, "The agreement puts an end to the dispute with
the Pakistan national electricity authority WAPDA, after years of
talks."


CONTACT:  IMPREGILO S.p.A.
          Viale Italia 1,
          Sesto S. Giovanni
          20099 Milan
          Phone: +39-02-244-22111
          Fax: +39-02-244-22293
          Web site: http://www.impregilo.it

          GENERALE MOBILIARE INTERESSENZE AZIONARIE S.p.A.
          Via Turati n. 16/18
          Milan
          Phone: +39-02-444-23121
          Fax: +39-02-444-23120
          E-mail: investor.relator@gemina.it
          Web site: http://www.gemina.it

          WATER AND POWER DEVELOPMENT AUTHORITY
          113 WAPDA House,
          Shahrah-e-Quai-e-Azam, Lahore
          Web site: http://www.pakwapda.com


PARMALAT FINANZIARIA: Brazilian Unit Presents Recovery Plan
-----------------------------------------------------------
A South American unit of collapsed dairy giant Parmalat
Finanziaria has presented its recovery plans before the Sao Paolo
court, Investnews Brazil says.

Under the plan, presented by Integra Consultants, Parmalat Brasil
will launch a capital hike and issue new bonds to prop up its
finances.  The group will also sell its operating assets to
provide additional capital and at the same time repay part of its
debt.  In confirming Parmalat Brasil's economic viability,
Antegra Consultants also presented a schedule of payments on the
BRL900 million it owed to suppliers and banks.

The recovery plan was drafted under Brazil's new bankruptcy law
that took effect earlier this year, allowing Parmalat Brasil to
replace a creditors agreement with a judicial recovery request.
The plan now awaits the approval of the bankruptcy judge and
creditor representatives.  The unit filed for bankruptcy shortly
after the collapse of its Italian parent.

CONTACT:  PARMALAT FINANZIARIA S.p.A.
          Legal Seat
          43044 Collecchio (Pr)
          Via Oreste Grassi, 26

          Administrative Seat
          20122 Milan
          Piazza Erculea, 9
          Phone: +39 02 806 8801
          Fax: +39 02 869 3863
          Web site: http://www.parmalat.net


PARMALAT FINANZIARIA: Bondholders Win Landmark Case in Genoa
------------------------------------------------------------
A Genoa court has ordered Banca Carige S.p.A. to reimburse a
group of bondholders EUR230,000, La Stampa says.

The landmark decision opens the floodgates to similar lawsuits
against other banks in Genoa.  The paper estimates these
additional claims to amount to EUR2.5 million.

Stefano Vignolo, lawyer for the bondholders, said, "It's a
historic decision.  For the first time in Italy, we have managed
to show that the Parmalat bonds were risky financial products
that could not be sold in a relaxed way."

Around 135,000 small investors lost money after Parmalat
collapsed in December 2003 due to a EUR14 billion hole on its
accounts.

CONTACT:  PARMALAT FINANZIARIA S.p.A.
          Legal Seat
          43044 Collecchio (Pr)
          Via Oreste Grassi, 26

          Administrative Seat
          20122 Milan
          Piazza Erculea, 9
          Phone: +39 02 806 8801
          Fax: +39 02 869 3863
          Web site: http://www.parmalat.net

          BANCA CARIGE S.p.A.
          Via Cassa di Risparmio 15
          16123 Genova
          Web site: http://www.gruppocarige.it


===================
K Y R G Y Z S T A N
===================


CA GLOBE: Last Day for Filing Claims October 25
-----------------------------------------------
LLC CA Globe International, which recently became insolvent, will
accept proofs of claim until October 25, 2005.  Call (0-312)
66-74-76 for more information.


GRANADA: Proofs of Claim Deadline Expires Next Month
----------------------------------------------------
LLC Granada, which recently became insolvent, will accept proofs
of claim at Bishkek, Free Economic Zone, Ak-Chee until October
25, 2005.

CONTACT:  GRANADA
          Bishkek, Free Economic Zone,
          Ak-Chee


MOYA STOLITSA: Under Bankruptcy Supervision
-------------------------------------------
State Property Committee of the Kyrgyz Republic has appointed Mr.
Mels Davydov new temporary insolvency manager of LLC Editorial
Office of the Newspaper Moya Stolitsa, replacing Mr. S. Suhinin.

Creditors will meet at Bishkek, Moskovskaya Str. 151, Room 108 on
September 23, 2005, 10:00 a.m.  Creditors must submit their
proofs of claim and register with the temporary insolvency
manager seven days prior to the meeting.  Proxies must have
authorization to vote.

CONTACT:  Mr. Mels Davydov
          Temporary Insolvency Manager
          Phone: (0-312) 21-67-25
                 (0-502) 80-85-60


PIT STOP: Creditors' Claims Due October
---------------------------------------
LLC Pit Stop, which recently became insolvent, will accept proofs
of claim at Bishkek, Micro District Jilgorodok 1/1-81 until
October 25, 2005.

CONTACT:  PIT STOP
          Bishkek,
          Micro District Jilgorodok 1/1-81


SEMIRAMIS: Declared Insolvent
-----------------------------
LLC Semiramis, which recently became insolvent, will accept
proofs of claim at Bishkek, Sadygaliev Str. 4a until October 18,
2005.  Call (0-312) 42-62-20 for more information.


===================
L U X E M B O U R G
===================


NOMA LUXEMBOURG: Moody's Hints of Possible Upgrade
--------------------------------------------------
Moody's Investors Service placed all ratings of NOMA Luxembourg
S.A., the direct owner of SICPA Holding S.A., on review for
possible upgrade, following the company's announcement that it
plans to divest of its Packaging Inks division and use the cash
proceeds received from the pending sale to reduce its
indebtedness.

Affected ratings are:

NOMA Luxembourg S.A.:

(a) The B1 Corporate Family rating;

(b) The B3 rating on the EUR160.0 million 9.75% senior notes
    due 2011.

SICPA Holding S.A.: The Ba3 rating on the CHF220 million senior
secured credit facilities.

In June 2005, the company announced that it had reached agreement
to sell its Packaging Inks division to Siegwerk Druckfarben AG
for an undisclosed sum.  The transaction is expected to close in
early September following receipt of the required regulatory
approvals.  The review for upgrade reflects Moody's belief that
SICPA's credit metrics will be significantly enhanced as a result
of this sale due to the immediate impact of a planned senior and
local debt reduction and that, going forward, SICPA's margins
will further improve reflecting the company's exclusive focus on
its security inks and product security businesses.

Moody's rating review will concentrate on SICPA's future business
and financial strategies and, in particular, the company's
acquisition strategy and financial comfort parameters as well as
longer-term expectations with respect to the company's net debt
position and overall capital structure.  It is Moody's intention
that the review will be completed within the next 60 days.

Headquartered in Lausanne, Switzerland, SICPA is a leading
provider of inks and systems for security and packaging.  For the
year ended December 2004, SICPA generated revenues of CHF1,026
million.

CONTACT:  MOODY'S INVESTORS SERVICE LTD. (LONDON)
          David G.  Staples, Managing Director
          Corporate Finance Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454

          Nicole Guest, Asst Vice President - Analyst
          Corporate Finance Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454


=====================
N E T H E R L A N D S
=====================


ROYAL SHELL: Considers Sale of 89 Service Stations in Uruguay
-------------------------------------------------------------
Royal Dutch Shell plc is reportedly considering selling its
Uruguay operations.  According to Dow Jones, a company official,
who asked not to be identified, has confirmed media reports in
Uruguay that the oil firm mulls the disposal of its 89 service
stations in the country.

Shell also operates marine and aviation fuel outlets in Uruguay,
but the source said: "Right now it is nothing more than analysis
and there are no details about it."   He also brushed aside
speculations that Shell is also eyeing to divest its operations
in Argentina, saying "there was an analysis and we decided that
we will stay here."

In February, the head of Shell Argentina revealed the company had
decided to continue operating in Argentina and Chile, following a
review of its operations there.  Earlier, Reuters reported Shell
plans to dispose of its 38 service stations in Colombia, as part
of the company's worldwide change in business strategy.

Shell said: "Offers from interested companies are being
considered, but up to now no decision has been taken."

While it did not provide further details, especially the parties
involved in the transaction, the local press have linked Brazil's
state oil firm Petrobras to the possible takeover.

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


ROYAL SHELL: Cancels Further 2,000,000 'A' Shares
-------------------------------------------------
On September 2, 2005, Royal Dutch Shell plc purchased for
cancellation 2,000,000 'A' Shares at a price of EUR26.58 per
share.

Following the cancellation of these shares, the remaining number
of 'A' Shares of Royal Dutch Shell plc will be 4,054,310,000.

As of that date, 2,759,360,000 'B' Shares of Royal Dutch Shell
plc were in issue.

                            *   *   *

Shell's buyback scheme is understood to be aimed at reviving
shareholders' and investors' confidence.  The buyback program
follows a damaging reserves overestimation scandal last year.

                        About the Company

Royal Dutch Shell plc is incorporated in England and Wales, has
its headquarters in The Hague and is listed on the London,
Amsterdam, and New York stock exchanges.  Shell companies have
operations in more than 145 countries with businesses including
oil and gas exploration and production; production and marketing
of Liquefied Natural Gas and Gas to Liquids; manufacturing,
marketing and shipping of oil products and chemicals and
renewable energy projects including wind and solar power.

                           The Trouble

Shell had admitted it overstated its proved reserves by almost
6.0 billion barrels between January 2004 and February this year.
The crisis resulted to the ouster of three top executives,
including former chairman Philip Watts.  It was fined EUR150
million in total after investigations launched by U.S. and
British regulators.  Shell has said it had revised the method by
which it calculates reserves to comply with U.S. regulations.
Shell's proved reserves stood at 10.2 billion barrels at the end
of 2004.

CONTACT:  ROYAL DUTCH/SHELL GROUP OF COMPANIES
          Carel van Bylandtlaan 30
          2596 HR The Hague
          The Netherlands
          Phone: +31 70 377 9111
          Fax: +31 70 377 3115
          Web site: http://www.shell.com


===========
P O L A N D
===========


VODKA WYBOROWA: Rejects Workers' Proposal to Buy Firm
-----------------------------------------------------
Vodka Wyborowa vice-president Andrzej Szumowski said the board
could not accept a buyout offer made by workers keen on saving
jobs at the company.

"The distillery is not for sale.  The behavior of the union
chiefs raises suspicions that they are seeking to devalue the
company," Mr. Szumowski told Agence France-Presse.  He said trade
unions have cited a mystery investor and offered a bid.  But
according to him the offer is far below what French owner, Pernod
Ricard, paid to buy Vodka Wyborowa in 2001.

Nine workers at the company went on hunger strike last week to
protest the restructuring plan.  This was followed by about 80
workers who went on sick leave, effectively suspending production
at the Poznan plant.  The facility in western Poland is the lone
source of Poland's renowned Vodka Wyborowa.

The union said Pernod's plan is to "purely and simply" liquidate
Vodka Wyborowa.  Jolanta Szmyt, a union leader at Wyborowa, said
that since Vodka Wyborowa's purchase by Pernod in 2001, its share
of the vodka market in Poland has plummeted from 20% to 4%.  Jobs
have also fallen from 650 to just over 200.

CONTACT:  VODKA WYBOROWA
          Web site:
          http://www.ricard-sa.com/ricard/vodka_wyborowa.html

          PERNOD RICARD
          12, Place des Etats Unis
          75783 Paris cedex 16
          France
          Phone: +33 (0)1 41 00 41 00
          Web site: http://www.pernod-ricard.com/


===========
R U S S I A
===========


AGRO-PROM-STROY: Insolvency Manager Takes over Company
------------------------------------------------------
The Arbitration Court of Kursk region has commenced bankruptcy
supervision procedure on corporation of mechanization #1
Agro-Prom-Stroy.  The case is docketed as A35-1462/05 "g".  Mr.
M. Shumakov has been appointed temporary insolvency manager.

CONTACT:  AGRO-PROM-STROY
          305000, Russia, Kursk region,
          Magistralnyj Pr. 26

          Mr. M. Shumakov
          Insolvency Manager
          305004, Russia, Kursk region,
          Dimitrova Str. 84, Apartment 178

          The Arbitration Court of Krasnodar region:
          Russia, Krasnodar, Krasnaya Str. 6


CENTROCREDIT BANK: Upgraded to 'B-' on Positive Track Record
------------------------------------------------------------
Fitch Ratings has upgraded Russia-based CentroCredit Bank's
ratings to Long-term 'B-' (B minus) from 'CCC+', Short-term 'B'
from 'C' and a National Long-term 'BB'(rus) from 'B+(rus)'.
Following the upgrade, the Outlooks for the Long-term and the
National Long-term ratings are now both Stable.  The other
ratings have been affirmed at Individual 'D' and Support '5'.

The upgrade reflects CentroCredit's long, and generally positive,
track record in managing market risk, including during
significant market turbulence, as well as a decrease in the
bank's market risk exposure as it has reduced operations with
equities in favor of fixed-income securities.  The bank's Long
term, Short-term and Individual ratings also reflect its adequate
capital ratios and strong profitability.  However, they continue
to take into account the volatility of its income streams, its
still high market risk, significant concentration levels,
potentially vulnerable liquidity and unstable funding base as
well as certain weaknesses in the operating environment.

Upward pressure on CentroCredit's ratings could result from
successful diversification of its franchise, a further reduction
in market risk appetite, enhancements in risk management and
corporate governance systems and an improvement in its operating
environment.  Downward pressure on the ratings could result from
a deterioration of capitalization or a worsening of asset
quality, in particular due to a downturn in Russian capital and
money markets.

CentroCredit was established in 1989.  At end-2004, it was one of
the top 80 Russian banks by total assets.  Control of the bank is
ultimately in the hands of several groups of shareholders, with
no single group having a controlling stake. CentroCredit's core
business lies in securities operations and, to a lesser extent,
lending (which grew in 2004) and deposit-taking.  At end-June
2005, the bank had only one branch.

CONTACT:  FITCH RATINGS
          Vladlen Kuznetsov, Moscow
          Phone: +7 095 956 9901
          James Watson, +7 095 956 9901

          Media Relations
          Jon Laycock, London
          Phone: +44 20 7417 4327
          Web site: http://www.fitchratings.com


DELTACREDIT BANK: Moody's Welcomes Potential Sale
-------------------------------------------------
Moody's Investors Service has placed on review for possible
upgrade the Ba2 long-term foreign currency bank deposit rating of
Russian specialized mortgage provider DeltaCredit Bank (DCB).
The review does not affect the bank's Not-Prime short-term
foreign currency deposit rating or its D- financial strength
rating (FSR), which remain unchanged.

The review for possible upgrade has been prompted by the recent
announcement that Societe Generale (Aa2, stable outlook), one of
the largest European financial groups, has reached an agreement
with DCB's existing shareholders to purchase a 100% stake in the
bank.  The transaction will be finalized in the near future, once
it has received the approval of the relevant regulatory
authorities.  Moody's said that the rating review, which will be
concluded closer to completion of the acquisition, will focus on
the support that DCB is likely to receive from its financially
stronger parent.

The consolidation of ownership under a new strategic shareholder
with solid experience of working in emerging markets through
equity participation in a number of Central and Eastern European
banks indicates, in Moody's view, a high likelihood of support in
case of need.  The bank's business focus and strategy are not
expected to change dramatically following the change of control.

DeltaCredit Bank is headquartered in Moscow, Russian Federation,
and as of June 30, 2005 reported total assets of US$ 149 million
in accordance with IFRS (unaudited).  The bank has an estimated
market share of 10% of residential mortgages in Russia.

CONTACT:  MOODY'S INVESTORS SERVICE CYPRUS LIMITED (LIMASSOL)
          Adel Satel, Managing Director
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454

          Dmitry Polyakov, Asst Vice President - Analyst
          Financial Institutions Group
          Phone: (Journalists) 44 20 7772 5456
                 (Subscribers) 44 20 7772 5454


ENAMEL-DISHES: Succumbs to Bankruptcy
-------------------------------------
The Arbitration Court of Krasnoyarsk region commenced bankruptcy
proceedings against Enamel-Dishes after finding the open joint
stock company insolvent.  The case is docketed as A33-1850/03-s4.
Mr. S. Grudyakov has been appointed insolvency manager.
Creditors have until October 6, 2005 to submit their proofs of
claim to 663606, Russia, Krasnoyarsk region, Kansk, Sosnovyj
Location, 70, Block 4.

CONTACT:  ENAMEL-DISHES
          663600, Russia, Krasnoyarsk region,
          Kansk, Volodarskogo Str. 1

          Mr. S. Grudyakov
          Insolvency Manager
          663606, Russia, Krasnoyarsk region,
          Kansk, Sosnovyj Location, 70, Block 4


ENERGY: Bankruptcy Hearing Set Last Week of September
-----------------------------------------------------
The Arbitration Court of Saint-Petersburg and the Leningrad
region has commenced bankruptcy supervision procedure on limited
liability company Energy.  The case is docketed as
A56-16021/2005.  Mr. V. Abrazhanov has been appointed temporary
insolvency manager.

Creditors may submit their proofs of claim to 193311, Russia,
Saint-Petersburg, Smolnogo Str. 3.  A hearing will take place on
September 26, 2005.

CONTACT:  ENERGY
          197349, Russia, Saint-Petersburg,
          Marshala Novikova Str. 42

          Mr. V. Abrazhanov
          Temporary Insolvency Manager
          193311, Russia, Saint-Petersburg,
          Smolnogo Str. 3


KURSKIY: Insolvency Manager Enters Firm
---------------------------------------
The Arbitration Court of Kursk region commenced bankruptcy
proceedings against Kurskiy after finding the machine-tool plant
insolvent.  The case is docketed as A35-55/03 "g".  Mr. Y.
Kuritskiy has been appointed insolvency manager.  Creditors have
until October 6, 2005 to submit their proofs of claim to 305001,
Russia, Kursk region, 1st Kozhevennaya Str. 31.

CONTACT:  KURSKIY
          305001, Russia, Kursk region,
          1st Kozhevennaya Str. 31

          Mr. Y. Kuritskiy
          Insolvency Manager
          305001, Russia, Kursk region,
          1st Kozhevennaya Str. 31


SMOL-MEAT: Undergoes Bankruptcy Supervision Procedure
-----------------------------------------------------
The Arbitration Court of Saint-Petersburg and the Leningrad
region has commenced bankruptcy supervision procedure on open
joint stock company Smol-Meat.  The case is docketed as
A56-46717/2004.  Mr. E. Chu has been appointed temporary
insolvency manager.  A hearing will take place on November 29,
2005, 11:00 a.m. at the Arbitration Court of Saint-Petersburg and
the Leningrad region located at Russia, Saint-Petersburg,
Suvorovskiy Pr. 50/52, Hall 113.

CONTACT:  SMOL-MEAT
          197342, Russia, Saint-Petersburg,
          Torzhkovskaya Str. 4

          Mr. E. Chu
          Temporary Insolvency Manager
          620086, Russia, Sverdlovsk region, Ekaterinburg,
          Posadskaya Str. 21, Apartment 105


STARITSA-WOOD: Proofs of Claim Deadline Set Next Month
------------------------------------------------------
The Arbitration Court of Tver region commenced bankruptcy
proceedings against Staritsa-Wood after finding the close joint
stock company insolvent.  The case is docketed as A66-459/2005.
Ms. V. Nikolskaya has been appointed insolvency manager.
Creditors have until October 6, 2005 to submit their proofs of
claim to 170000, Russia, Tver region, Post User Box 333.

CONTACT:  STARITSA-WOOD
          171360, Russia, Tver region,
          Staritsa, Zavidova Str. 7

          Ms. V. Nikolskaya
          Insolvency Manager
          170000, Russia, Tver region,
          Post User Box 333


STROY-CONSTRUCTION: Bankruptcy Supervision Procedure Begins
-----------------------------------------------------------
The Arbitration Court of Smolensk region has commenced bankruptcy
supervision procedure on open joint stock company
Stroy-Construction.  The case is docketed as 62-2229/2005
(656-N/05).  Mr. A. Okuntsev has been appointed temporary
insolvency manager.

CONTACT:  STROY-CONSTRUCTION
          215103, Russia, Smolensk region,
          Vyzma, Novaya Boznya Str. 3

          Mr. A. Okuntsev
          Insolvency Manager
          214000, Russia, Smolensk region,
          Dzerzhinskogo Str. 18/2, Room 7

          The Arbitration Court of Smolensk region
          214001, Russia, Smolensk region,
          Gagarina Pr. 46


TRIACETATE: Bankruptcy Hearing Set November
-------------------------------------------
The Arbitration Court of Saratov region has commenced bankruptcy
supervision procedure on close joint stock company Triacetate.
The case is docketed as A57-253B/05-32.  Ms. T. Perfilova has
been appointed temporary insolvency manager.

Creditors may submit their proofs of claim to 410029, Russia,
Saratov, Sakka i Vatsetti Str. 54-60, Office 201.  A hearing will
take place on November 24, 2005, 10:30 a.m. (local time) at
Russia, Saratov, Babushkin Vvoz, 1, floor 14.

CONTACT:  TRIACETATE
          Russia, Saratov region, Engels

          Ms. T. Perfilova
          Temporary Insolvency Manager
          410029, Russia, Saratov region,
          Sakka i Vatsetti Str. 54-60, Office 201


URALSKAYA: Creditors Opt for Liquidation
----------------------------------------
The Arbitration Court of Bashkortostan republic commenced
bankruptcy proceedings against Uralskaya after finding the
macaroni factory (TIN 0278094749) insolvent.  The case is
docketed as A07-12683/04-G-PAV.  Mr. S. Ivanov has been appointed
insolvency manager.  Creditors have until October 6, 2005 to
submit their proofs of claim to 450077, Russia, Bashkortostan
republic, Ufa, Kirova Str. 1, Office 338.

CONTACT:  URALSKAYA
          Russia, Bashkortostan republic,
          Ufa, Kirovograskaya Str. 33

          Mr. S. Ivanov
          Insolvency Manager
          450077, Russia, Bashkortostan republic,
          Ufa, Kirova Str. 1, Office 338


VIMPEL-COMMUNICATIONS: Rating Raised to 'BB'; Outlook Positive
--------------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term corporate
credit rating on Moscow-based Russian national mobile
telecommunications operator (JSC) Vimpel-Communications to 'BB'
from 'BB-', reflecting the company's continuing strong
performance.  The outlook is positive.

"The upgrade reflects Vimpelcom's continuing strong market share
enhanced by successful regional expansion in Russia; the sound
potential for further mobile market growth; and the company's
ability to improve profitability and manage financial risks in a
dynamic and challenging environment," said Standard & Poor's
credit analyst Lorenzo Sliusarev.

The ratings are constrained by the dynamic and increasingly
competitive Russian mobile telecoms market; VimpelCom's
predisposition to future growth and territorial expansion
together with currently negative free cash flows; and its
exposure to the uncertainty of the evolving economic,
administrative, and industry environment in Russia and the
Commonwealth of Independent States.

"VimpelCom's potential to further improve its business profile is
reflected by its increasing economies of scale, sound market
share, and strong profitability," added Mr. Sliusarev.

The company's ability to continue to strengthen its business
without sacrificing financial discipline and weakening its
financial profile, combined with a relative reduction in
regulatory and industry uncertainties, could support a further
upgrade.

Ratings information is available to subscribers at
http://www.ratingsdirect.comIt can also be found
http://www.standardandpoors.comAlternatively, 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


YUKOS OIL: Chairman Sees Fair Chance of Surviving 2005
------------------------------------------------------
Yukos Oil Chairman Viktor Gerashchenko said the company could
operate normally until the end of the year if it remains free of
any additional pressure from court bailiffs, Interfax reports.

According to Mr. Gerashchenko, the company has already paid US$4
billion in back taxes to the government.  Yukos' main unit was
sold by the government in December to extract payment for the
firm's US$27.5 billion tax bill for 2000-2003.

So far, Mr. Gerashchenko said, there are no signs of pressure
from the court bailiffs.  The pressure now comes from domestic
and foreign creditors.  According to him, the company can
continue to exist with only its oil refining and sales
operations, mainly because it has the best retail sales networks
in the country.  Yukos will just remain as a non-leading company,
he said.  The firm used to be one of Russia's oil giants.

CONTACT:  YUKOS OIL
          Web site: http://www.yukos.com/
          International Information Department
          Hugo Erikssen
          Phone: +7 095 540 6313
          E-mail: inter@yukos.ru

          Investor Relations Contact
          Alexander Gladyshev
          Phone: +7095 788 00 33
          E-mail: investors@yukos.ru


ZLATOUSTOVSKAYA: Declared Insolvent
-----------------------------------
The Arbitration Court of Chelyabinsk region commenced bankruptcy
proceedings against Zlatoustovskaya after finding the garment
factory insolvent.  The case is docketed as A76-20022/05-48-104.
Mr. S. Domas has been appointed insolvency manager.  Creditors
have until October 6, 2005 to submit their proofs of claim to
620051, Russia, Ekaterinburg, Taganskaya Str. 137.

CONTACT:  ZLATOUSTOVSKAYA
          456213, Russia, Chelyabinsk region,
          Zlatoust, Taganayskaya Str. 204

          Mr. S. Domas
          Insolvency Manager
          620051, Russia, Ekaterinburg,
          Taganskaya Str. 137


=====================
S W I T Z E R L A N D
=====================


ABB LTD.: Delists from London Stock Exchange
--------------------------------------------
ABB Ltd. has completed the process of delisting its shares from
the London Stock Exchange.

ABB announced on August 4, 2005 it would delist its shares from
the London and Frankfurt stock exchanges because the average
daily trading volume there had become insignificant over the past
three years.

The listing of the following securities (ordinary shares with a
par value of CHF2.50 each fully paid with ISIN number
CH0012221716) had been canceled from trading on the London Sock
Exchange with immediate effect.

ABB expects to finalize the process of delisting its shares from
the Frankfurt Stock Exchange by the end of 2005.  ABB shares will
continue to be listed on the SWX Swiss Exchange (traded on
virt-x), the Stockholm Stock Exchange and New York Stock
Exchange.

                            *   *   *

ABB Ltd. provides power and automation technologies that enable
utility and industry customers to improve performance while
lowering environmental impact.  The ABB Group of companies
operates in more than 100 countries and employs about 102,000
people.

ABB reported higher orders, revenues, earnings before interest
and taxes (EBIT) and net income in the second quarter of 2005
compared to the same quarter in 2004, resulting from continued
growth in most markets and further progress in lifting
operational efficiency.  Net income rose 42% to US$126 million
compared to the same quarter in 2004 but was down from US$199
million in the first quarter of 2005.

On June 30, 2005, ABB announced a four-year consolidation program
for its global transformer business, which is expected to result
in total charges of approximately US$240 million over the period
2005 to 2008.  Of that, some US$120 million is expected to be
incurred in 2005.  As a result of these additional charges, and
higher raw material costs, ABB revised the 2005 EBIT margin
target for the Power Technologies division and, consequently, for
the ABB group.

The company continues to reduce its financial obligations.  The
focus will be on creating the most value for the company by
reducing overall financing costs and adjusting the risk profile
of the debt portfolio.

CONTACT:  ABB LTD.
          Affolternstrasse 44
          CH-8050 Zurich, Switzerland
          Investor Relations
          Switzerland
          Phone: +41 43 317 7111
          Sweden
          Phone: +46 21 325 719
          USA
          Phone: +1 203 750 7743
          Web site: http://www.abb.com


===========
T U R K E Y
===========


PETROL OFISI: On CreditWatch Over Plan to Buy Tupras
----------------------------------------------------
Standard & Poor's Ratings Services placed its 'B+' long-term
corporate credit rating on Turkey-based Petrol Ofisi A.S. (POAS)
on CreditWatch with developing implications.

The CreditWatch placement follows POAS' announcement on Sept. 2,
2005 that it will bid to acquire 51% of the Turkey-based
government-owned refinery Tupras, which is to be privatized.  The
bid will be made through the Tupras Acquisition Consortium, in
which POAS will hold a minority stake.  The price of the 51%
stake will likely exceed $2 billion.  Standard & Poor's
understands that POAS' owner may provide an equity injection to
part-finance this potential acquisition.  A significant equity
injection would be positive for the rating.  POAS had total debt
of $849 million at March 31, 2005.

"If POAS' share of the acquisition is largely equity-funded, the
ratings could be raised to "BB-" as POAS' business profile could
be strengthened by vertical integration of its retail and
wholesale operations with the Tupras refinery operations," said
Standard & Poor's credit analyst Per Karlsson.

"Without significant equity support from POAS' owner, however, it
is likely that the ratings would be lowered to 'B' as the
transaction would be large for POAS."

Standard & Poor's expects to resolve the CreditWatch listing over
the next three to six months, depending on the outcome of the
bidding process.

Ratings information is available to subscribers 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
          Group E-Mail Address
          CorporateFinanceEurope@standardandpoors.com


=============
U K R A I N E
=============


ERSKAJN: Creditors' Claims Due this Week
----------------------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against Erskajn (code EDRPOU 31023913) on July 27,
2005 after finding the limited liability company insolvent.  The
case is docketed as 46/175-b.  Ms. Zorina Olena (License Number
AB 176098) has been appointed liquidator/insolvency manager.

Creditors have until September 9, 2005 to submit their proofs of
claim to:

(a) ERSKAJN
    Ukraine, Kyiv region,
    Pshenichna Str. 8

(b) Ms. Zorina Olena
    Liquidator/Insolvency Manager
    04214, Ukraine, Kyiv region,
    Geroiv Dnipra Str. 34-a/239

(c) ECONOMIC COURT OF KYIV REGION
    01030, Ukraine, Kyiv region,
    B. Hmelnitskij Boulevard 44-B


EVAN: Court Appoints Liquidator
-------------------------------
The Economic Court of Kyiv region commenced bankruptcy
proceedings against Evan (code EDRPOU 30535728) on July 20, 2005
after finding the limited liability company insolvent.  The case
is docketed as 239/2 B-2005.  Mr. Slavnij Yevgen (License Number
AB 176067) has been appointed liquidator/insolvency manager.

CONTACT:  EVAN
          07300, Ukraine, Kyiv region,
          Vishgorod, Kurguzov Str. 6

          Mr. Slavnij Yevgen,
          Liquidator/Insolvency Manager
          83054, Ukraine, Donetsk region,
          Gertsen Str. 75

          ECONOMIC COURT OF KYIV REGION
          01032, Ukraine, Kyiv region,
          Komintern Str. 165


INNOVATIONAL CENTRE: Declared Insolvent
---------------------------------------
The Economic Court of Zaporizhya region commenced bankruptcy
proceedings against Innovational Centre Consulting Centre (code
EDRPOU 32811243) on July 27, 2005 after finding the limited
liability company insolvent.  The case is docketed as 19/145(05).
Mr. S. Bagmet (License Number AA 779159) has been appointed
liquidator/insolvency manager.

CONTACT:  INNOVATIONAL CENTRE CONSULTING CENTRE
          69104, Ukraine, Zaporizhya region,
          Chumachenko Str. 7/20

          ECONOMIC COURT OF ZAPORIZHYA REGION
          69001, Ukraine, Zaporizhya region,
          Shaumyana Str. 4


PROMENERGO: Insolvency Manager Takes over Helm
----------------------------------------------
The Economic Court of Zaporizhya region commenced bankruptcy
proceedings against Promenergo (code EDRPOU 30165069) on April
13, 2005 after finding the limited liability company insolvent.
The case is docketed as 21/97.  Mr. Viktor Kirichenko (License
Number AA 047730) has been appointed liquidator/insolvency
manager.

CONTACT:  PROMENERGO
          69063, Ukraine, Zaporizhya region,
          Mlinovij Lane, 1

          Mr. Viktor Kirichenko
          Liquidator/Insolvency Manager
          69000, Ukraine, Zaporizhya region, a/b 1311

          ECONOMIC COURT OF ZAPORIZHYA REGION
          69001, Ukraine, Zaporizhya region,
          Shaumyana Str. 4


SEMENIVSKIJ RAJAGROPOSTACH: Goes into Liquidation
-------------------------------------------------
The Economic Court of Poltava region commenced bankruptcy
proceedings against Semenivskij Rajagropostach (code EDRPOU
00906551) on July 26, 2005 after finding the open joint stock
company insolvent.  The case is docketed as 7/87.  Mr. Y.
Teleshun (License Number AA 484197) has been appointed
liquidator/insolvency manager.

CONTACT:  SEMENIVSKIJ RAJAGROPOSTACH
          Ukraine, Poltava region,
          Semenivka, Lenin Str. 18

          Mr. Y. Teleshun,
          Liquidator/Insolvency Manager
          36003, Ukraine, Poltava region,
          Nezalezhnosti Square, 1-B, Room 18

          ECONOMIC COURT OF POLTAVA REGION
          36000, Ukraine, Poltava region,
          Zigina Str. 1


===========================
U N I T E D   K I N G D O M
===========================


3D PROFILES: Goes into Liquidation
----------------------------------
Company Name: 3D PROFILES LTD.
              Unit 3, Price Street,
              Gloucester,
              Gloucestershire, GL1 5SZ
              Phone: 01452 505853

Registration Number: 04216067

Court: Bristol District Registry

Date of Filing Petition: June 22, 2005

No. of Matter: 2600 of 2005

Date of Winding-up Order: August 17, 2005

CONTACT:  Official Receiver
          21 Bloomsbury Street,
          London, WC1B 3SS
          Phone: 020 7637 1110
          Fax: 020 7637 6390


A-CLASS FINISHERS: Court Okays Winding-up
-----------------------------------------
Company Name: A-CLASS FINISHERS LTD.
              Bridgestones, 125-127 Union Street,
              Oldham, Lancashire, OL1 1TE
              Phone: +44 01453 899 004
              Fax: +44 01453 899 005

Registration Number: 03797770

Court: Leeds District Registry

Date of Filing Petition: March 8, 2005

No. of Matter: 259 of 2005

Date of Winding-up Order: April 29, 2005

CONTACT:  Official Receiver
          21 Bloomsbury Street,
          London, WC1B 3SS
          Phone: 020 7637 1110
          Fax: 020 7637 6390


AIRSTREAM SERVICES: Liquidators from PwC Enter Firm
---------------------------------------------------
Company Names: Airstream Services Limited
               Britannia Hygiene Plc
               Doop Services Limited
               The Well Corporation Limited

At the extraordinary general meeting of these companies held on
23 August 2005, the following Resolutions were passed, as a
Special Resolution and as an Ordinary Resolution respectively:

"That the Company be wound up voluntarily, and that Tim Walsh and
Jonathan Sisson, of PricewaterhouseCoopers LLP, One Kingsway,
Cardiff CF10 3PW, be and are hereby appointed Joint Liquidators
of the Company for the purposes of such winding-up, and any act
required or authorised under any enactment to be done by the
Joint Liquidators is to be done by all or any one or more of the
persons for the time being holding office."

J F Skidmore, Chairman

CONTACT:  BRITANNIA HYGIENE PLC
          The Manse,
          49 Sedgley Road West, Tipton,
          West Midlands DY4 8AB
          Phone: 01215579000

          DOOP SERVICES LTD.
          Unit 4d
          Watlington Industrial Estate Cuxham Road
          Oxford OX49 5LU
          Oxfordshire
          Phone: 01491 612267
          Fax: 01491 614418

          PRICEWATERHOUSECOOPERS
          1 Kingsway
          Cardiff
          Glamorgan CF10 3PW
          Phone: 029 2023 7000
          Fax: 029 2080 2405
          E-mails: derek.a.howell@uk.pwc.com
                   rob.n.lewis@uk.pwc.com


APOLLO CONTRACT: Court Sanctions Liquidation
--------------------------------------------
Company Name: APOLLO CONTRACT SERVICES LIMITED
              3 Acorn Business Centre,
              Northarbour Road, Cosham, Portsmouth,
              Hampshire, PO6 3TH
              Phone: 020 7582 1874
              Fax: 020 7582 2386

Registration Number: 05011599

Court: Manchester District Registry

Date of Filing Petition: June 14, 2005

No. of Matter: 1527 of 2005

Date of Winding-up Order: August 1, 2005

CONTACT:  Official Receiver
          The Quay,
          30 Channel Way,
          Southampton, SO14 3QQ
          Phone: 023 8030 3100
          Fax: 023 8030 3177


AVES BROTHERS: EGM Passes Winding-up Resolution
-----------------------------------------------
At an Extraordinary General Meeting of Aves Brothers Limited,
duly convened, and held at The Park Hotel, Denmark Street, Diss,
Norfolk, on 19 August 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
Peter George Byatt, of Lake Bushells, 82 East Hill, Colchester,
Essex CO1 2QW, is hereby appointed Liquidator for the purposes of
such winding-up."

At a subsequent Meeting of Creditors, duly convened, pursuant to
section 98 of Insolvency Act 1986, and held on the same day, the
appointment of Peter George Byatt was confirmed.

L E Aves, Chairman

CONTACT:  AVES BROTHERS LTD.
          Fen Road, Hinderclay, Diss, Norfolk IP22 1HS
          Phone: 01379898398


BENEDETTO LIMITED: Footwear Wholesaler Folds up
-----------------------------------------------
At an Extraordinary General Meeting of the above-named Company,
duly convened and held at Tomlinsons, St John's Court, 72
Gartside Street, Manchester M3 3EL, on 15 August 2005, the
following Resolutions were 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 that the same be wound up volun
tarily and that the Company be wound up accordingly, and that
Alan H Tomlinson, of Tomlinsons, St John's Court, 72 Gartside
Street, Manchester M3 3EL, is hereby appointed as Liquidator for
the purposes of such winding-up.

"At the subsequent Meeting of Creditors held on the same date,
the Resolution was ratified together with the appointment of Alan
H Tomlinson, of Tomlinsons, St John's Court, 72 Gartside Street,
Manchester M3 3EL, as Liquidator of the Company."

E Siarkiewicz, Chairman

CONTACT:  BENEDETTO LIMITED
          Unit E1, Newton Business Park, Cartwright St.,
          Hyde,Cheshire,SK14 4FA
          Phone: 01613519600

          TOMLINSONS
          St John's Court,
          72 Gartside Street, Manchester M3 3EL
          Phone: 0870 60 70 170
          Fax:   0870 60 70 180
          E-mail: advice@tomlinsons.co.uk
          Web site: http://www.tomlinsons.co.uk


BIASCO (MILTON KEYNES): Creditors Meeting Set Next Week
-------------------------------------------------------
Notice is hereby given by Stephen Cork, of Smith & Williamson
Limited, of Prospect House, 2 Athenaeum Road, London N20 9YU,
that a Meeting of the Creditors of Biasco (Milton Keynes) Limited
(Company No 4251026), formerly of 40 Woodford Avenue, Gants Hill,
Essex IG2 6XQ, is to be held at the offices of Smith & Williamson
Limited, of Prospect House, 2 Athenaeum Road, London N20 9YU, on
14 September 2005, at 3:00 p.m.  The Meeting is an initial
Creditors' Meeting under paragraph 51 of Schedule B1 to the
Insolvency Act 1986.  A proxy form should be completed and
returned to me by the date of the Meeting if you cannot attend
and wish to be represented.  In order to be entitled to vote
under Rule 2.22 at the Meeting you must give to me, not later
than 12:00 noon on the business day before the day fixed for the
Meeting, details in writing of your claim.

S Cork, Administrator

CONTACT:  BIASCO LTD.
          94 Queensway,
          Bletchley, Milton Keynes MK2 2RU
          Phone: 01908 642821
          Fax: 01908 641138
          E-mail: miltonkeynes@biasco.com

          SMITH & WILLIAMSON
          Prospect House
          2 Athenaeum Road
          London N20 9YU
          Phone: 020 8492 8600
          Fax: 020 8492 8601
          E-mail: jem1@smith.williamson.co.uk


BRITAX GROUP: Carlyle Buys Childcare Unit for GBP230 Million
------------------------------------------------------------
Global private equity firm The Carlyle Group on Monday announced
it has signed an agreement to acquire Britax Childcare, the
leading manufacturer of premium branded children's car safety
seats, for GBP230 million from Britax International Group.  The
transaction is expected to close within six weeks.

Britax Childcare is headquartered in the U.K. with operations in
North America, Australia, and Germany and has a team of nearly
900 employees.  Britax Childcare has a strong portfolio of high
end brands synonymous with quality and the highest standards of
safety, including Britax, Romer and Safe n Sound.  It has market
leading expertise in vehicle occupant safety arising from its
heritage in automotive components.  In 2004, Britax Childcare
generated revenues of approximately GBP120 million.

Britax Childcare is the foremost manufacturer and supplier in the
premium segment of child car safety seats, accounting for around
40% of the German and U.K. markets, 60% of Australia and 13% of
the U.S.

Glenn Youngkin, Managing Director, The Carlyle Group said:
"Britax has an excellent position in a strong market.  We have
been very impressed with the company and its experienced
management team, and look forward to working closely with the
team to continue to build the business."

Andrew Stafford, head of Britax Childcare said: "The management
of Britax Childcare are delighted that The Carlyle Group has
acquired the business, and look forward to working closely with
them to build on the success we have achieved over the last four
years.  We have been enormously impressed by their energy and
professionalism, together with the enthusiasm they have shown for
our vision for the future of the business.  We believe that
together we can deliver significant growth in the years ahead."

Alan Bowkett, Chairman of Britax International, said: "The
Childcare division has been an excellent business for us and has
developed strongly over the last few years.  We intend to use the
proceeds of the sale to reduce our debt and further develop the
other parts of our business.  We would like to thank the
management team for all their efforts and wish them continued
success in the future."

Carlyle will invest in this acquisition through its European
buyout fund, Carlyle Europe Partners II.  Other investments in
the portfolio include HT Troplast, Saprogal, Avio S.p.A. and AZ
Electronic Materials.

The Carlyle Group was advised by Latham & Watkins, ERM and PWC.
Britax International was advised by KPMG Corporate Finance and
Macfarlanes.

CONTACT:  BRITAX GROUP
          Seton House
          Warwick Technology Park
          Gallows Hill
          Warwick
          CV34 6DE
          England
          Phone: +44 (0)1926 400 040
          Fax: +44 (0)1926 406 350
          Web site: http://www.britax.com/


BRITAX GROUP: S&P Affirms 'B+' Credit Rating
--------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' long-term
corporate credit rating on U.K.-based engineering group Britax
Group PLC (Britax), following the group's announcement that it is
to sell its Childcare division to the private equity house
Carlyle Group for GBP230 million (US$423 million).  The outlook
remains negative.

At the same time, Standard & Poor's affirmed its 'B-'
subordinated debt rating on the group's EUR145 million (US$182
million) notes due 2011. At June 30, 2005, the group reported
lease-adjusted net debt and pension liabilities of GBP203.3
million.

"The sale of Britax's Childcare division is expected to be
neutral or mildly positive for the group's overall credit
quality," said Standard & Poor's credit analyst Leigh Bailey.

Given that the group's new capital structure and level of
leverage tolerance has not been disclosed, there is some
uncertainty as to the composition of the new financial structure.
Standard & Poor's believes, however, that Britax will utilize
funds to reduce debt-servicing costs and help stabilize the
group's financial profile.  This should help to offset the
weakening of the business profile brought about by the sale of
the Childcare division.

The negative outlook reflects Standard & Poor's view that Britax
faces some challenges in its businesses, which could prevent the
group from materially improving its profitability levels. An
improvement in the group's financial structure and strengthened
performance from its aircraft-seating business, sufficient to
improve the credit ratios, could warrant the outlook being
revised to stable. The ratings are underpinned by Britax's good
liquidity, but could be threatened if the group's weaker business
profile is not adequately compensated for by stronger performance
in its retained businesses.

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:
media_europe@standardandpoors.com

CONTACT:  STANDARD AND POOR'S RATING SERVICES
          Group E-mail Address
          CorporateFinanceEurope@standardandpoors.com


BROAD VISTAS: Pet Food Supplier Liquidates
------------------------------------------
At an Extraordinary General Meeting of Broad Vistas Limited, duly
convened, and held at The Rhinewood Country House Hotel,
Glazebrook Lane, Glazebrook, near Warrington WA3 5BB, on 18
August 2005, the subjoined Resolutions were 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 that the same should be wound
up voluntarily and that the Company be wound up accordingly, and
that Richard Ian Williamson, of Campbell Crossley and Davis,
348-350 Lytham Road, Blackpool FY4 1DW, be and is hereby
appointed the Liquidator of the Company for the purposes of such
winding-up."

B Sharples, Chairman

CONTACT:  BROAD VISTAS LIMITED
          39 Westcliffe Road, Birkdale, Southport, Merseyside
          PR8 2JS
          Phone: 01704500418

          CAMPBELL CROSSLEY & DAVIS
          348-350 Lytham Road
          Blackpool
          Lancashire FY4 1DW
          Phone: 01253 349331
          Fax: 01253 349435
          E-mail: ian.williamson@crossleyd.co.uk


CHELSEA FILMS: Price & Co. Liquidator Takes over Business
---------------------------------------------------------
At the extraordinary general meeting of Chelsea Films Limited,
duly convened, and held at 13 Radnor Walk, London SW3 4BP, on 18
August 2005, the following Resolutions were passed, as a Special
Resolution and as Ordinary Resolutions respectively:

"That the Company be wound up voluntarily and the winding-up be a
Members' voluntary winding-up, that Alan Redvers Price, of Price
& Co, PO Box 5895, Wellingborough NN8 5ZD, be and is hereby
appointed Liquidator for the purpose of such winding-up, that the
Liquidator's remuneration be met from the assets of the Company,
based on the time properly spent by him and his staff in dealing
with all matters relating to the Company, subject to review at
the Final Meeting of Members, and that he be entitled to draw
such remuneration on account from time-to-time."

R Freeman, Chairman

CONTACT:  CHELSEA FILMS LTD.
          13 Radnor Walk,
          London SW3 4BP
          Phone: 020-7351-5151

          PRICE & CO
          PO Box 5895,
          Wellingborough NN8 5ZD
          E-mail: arprice@rescueco.co.uk


CITY WHARF: Mortgage Broker Winds up
------------------------------------
At an Extraordinary General Meeting of the Members of City Wharf
Mortgage Services Limited, duly convened and held at 25 Harley
Street, London W1G 9BR, on Tuesday 23 August 2005, the following
Extraordinary Resolution was proposed and 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
Bernard Hoffman and Ian Douglas Yerrill, of Suite 1, Kent House,
Station Road, Ashford, Kent TN23 1PP, be and are hereby appointed
Joint Liquidators of the Company for the purposes of its
voluntary winding-up."

N Ledward, Chairman

CONTACT:  CITY WHARF MORTGAGE SERVICES LIMITED
          54 Warren Street, London W1T 5NN
          Phone: 08704428266

          GERALD EDELMAN BUSINESS RECOVERY
          Kent House, Station Road, Ashford, Kent TN23 1PP


CLEAROFF LIMITED: Collapses into Liquidation
--------------------------------------------
Company Name: CLEAROFF LIMITED
              Gresley House, Gogmore Lane,
              Foundry Court, Chertsey,
              Surrey, KT16 9AP
              Phone: 08707 87 77 82
              Fax: 01932 565547
              E-mail: info@traveloffersdirect.co.uk
              Web site: http://www.traveloffersdirect.co.uk

Registration Number: 04831874

Court: Leeds District Registry

Date of Filing Petition: April 8, 2005

No. of Matter: 378 of 2005

Date of Winding-up Order: June 9, 2005

CONTACT:  Official Receiver
          6th Floor, Sunley House,
          Bedford Park,
          Croydon, CR9 1TX
          Phone: 020 8681 5166
          Fax: 020 8667 8000


CLEAR THINKING: Web Developer Crashes into Liquidation
------------------------------------------------------
At an Extraordinary General Meeting of Clear Thinking Group
Limited, duly convened and held at Trinity House, Heather Park
Drive, Wembley, Middlesex HA0 1SU, on 22 August 2005, at 11.00
am, 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."

M A Payne, Chairman

CONTACT:  CLEAR THINKING GROUP LIMITED
          Greater London
          SW64LX
          United Kingdom
          Web site: http://www.clearthinkinggroup.com

          NIMISH CHANDRAKANT PATEL
          Kranefields, Trinity House, Heather Park Drive,
          Wembley, Middlesex HA0 1SU


COLERAINE F.C.: Court Picks Rehabilitation over Liquidation
-----------------------------------------------------------
A High Court judge has reportedly put Coleraine Football Club
into administration, denying Inland Revenue's petition to wind up
the club due to financial problems.

The football club, whose debt is more than GBP1 million, owes the
Inland Revenue GBP365,000.  According to UTV, Justice Weir of the
Northern Ireland High Court has favored the proposal of The
Friends of Coleraine, a fans club that has offered to take over
the team.

He said: "I have decided to make an administration order.  My
reasons are being typed up and will be available before the end
of the week."

Monya Anadike-Danes, a lawyer representing the Friends of
Coleraine, had submitted to the court a document outlining the
terms of a possible administration.  Raymond Kirk, the group's
chairman, had also presented to the court a GBP90,000 pledge by
supporters and businessmen.

Nevin Oliver, the group's treasurer, said the club's crisis
should be a lesson for the rest of the league. "This has been a
massive battle and the psychological impact of this ruling cannot
be underestimated.  Coleraine is a historic football town and we
now need to maximize our support in our rural hinterland," he
said.

John Mairs, acting secretary of the group, added: "We are
absolutely delighted with the judge's ruling.  We would like to
stress the enormous debt of gratitude that Coleraine Football
Club owe to our accountants, Moore Stephens, and to our legal
team."

CONTACT:  COLERAINE F.C.
          The Showgrounds
          Ballycastle Road
          Coleraine
          Phone: +44 02870 35 36 55
          Fax: +44 02870 32 91 88
          E-mail: info@colerainefc.com
          Web site: http://www.colerainefc.com


COMPASS GROUP: Latest Trading Update Out September 28
-----------------------------------------------------
Compass Group plc will provide its customary pre-close trading
update at 7:00 a.m. on Wednesday, 28 September 2005, followed by
a conference call for investors and analysts at 9:30 a.m.

To participate in the pre-close trading update conference call,
dial: +44 (0) 20 7365 1854.  There will be a replay recording
available for seven days.  To listen to the replay, dial +44 (0)
20 7784 1024 or +1 718 354 1112.  The passcode for both replay
numbers is 8449438#.

Preliminary results for the full-year ending 30 September 2005
are provisionally scheduled for release on 29 November 2005.

                            *   *   *

Compass Group plc provides food, vending and related services to
clients and customers in the workplace, at school and colleges,
hospitals, on the move, at leisure and in defense, offshore and
remote locations.  It has annual revenues of GBP12 billion and
employs 400,000 people in over 90 countries.

In May, Chief Executive Michael J. Bailey said: "I am not happy
with our recent performance.  We need to respond more rapidly
than we have to the changes taking place in our market."

Half-year turnover was GBP6,191 million (2004: GBP5,844 million)
with like-for-like growth of 6%, in line with expectations.
However, net debt at 31 March 2005 rose to GBP2,494 million (30
September 2004: GBP2,373 million), while profit before taxation
and goodwill amortization decreased by 8% from GBP283 million to
GBP260 million.

CONTACT:  COMPASS GROUP PLC
          Compass House
          Guildford Street
          Chertsey
          Surrey
          United Kingdom
          KT16 9BQ
          Phone: +44 1932 573 000
          Fax: +44 1932 569 956
          Web site: http://www.compass-group.com


CONNECTIVITY TECHNOLOGIES: Names Grant Thornton Liquidator
----------------------------------------------------------
At the extraordinary general meeting of Connectivity Technologies
Europe Limited, convened, and held at Unit H, Crossagalla
Business Park, Ballysimon Road, Limerick City, Ireland, on 12
August 2005, at 9:00 a.m., the following Special Resolution was
passed:

"That the Company be wound up voluntarily, and that Samantha
Keen, of Grant Thornton UK LLP, 31 Carlton Crescent, Southampton
SO15 2EW, be appointed Liquidator of the Company for the purposes
of the voluntary winding-up."

J Sheehan, Chairman

CONTACT:  CONNECTIVITY TECHNOLOGIES EUROPE LTD.
          Boundary Road,
          Haverhill, Suffolk CB9 7UU
          Phone: 01440718820

          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


CRESTWISE LIMITED: Fabric Manufacturer Winds up
-----------------------------------------------
At an Extraordinary General Meeting of Crestwise Limited, held at
39 Castle Street, Leicester LE1 5WN, on 22 August 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
Neil Charles Money and Neil Richard Gibson, of CBA, 39 Castle
Street, Leicester LE1 5WN, 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."

I Y Tutla, Chairman

CONTACT:  CRESTWISE LIMITED
          Unit 5, Lister Building, Marjorie Street, Leicester,
          Leicestershire LE4 5GY
          Phone: (0116) 251 3149

          CBA
          39 Castle Street
          Leicester LE1 5WN
          Phone: (0116) 262 6804
          Fax: (0116) 217 1404
          E-mail: leics@cba-insolvency.co.uk
          Web site: http://www.cba-insolvency.co.uk


CRUSADER FILLINGS: Upholstery Filling Supplier Winds up
-------------------------------------------------------
At an Extraordinary General Meeting of Crusader Fillings Limited,
duly convened, and held at Taylor Rowlands, 8 High Street, Yarm,
Stockton-on-Tees TS15 9AE, on Friday 19 August 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
John Harvey Madden, of Taylor Rowlands, be appointed for the
purpose of such winding-up."

R Barnes, Chairman

                            *   *   *

The company manufactures a wide range of feather, fibre and foam
products.

CONTACT:  CRUSADER FILLINGS LIMITED
          Unit 8/Heads of the Valley Ind Est, Rhymney, NP22 5RL
          Phone: 01685 844408

          TAYLOR ROWLANDS
          8 High Street
          Yarm
          Cleveland TS15 9AE
          Phone: 01642 790790
          Fax: 01642 785588
          E-mail: harvey@taylorrowlands.co.uk


DAWSON INTERNATIONAL: Operational Performance Close to Breakeven
----------------------------------------------------------------
Dawson International plc has reported interim results for the
period ended 2 July 2005.

Highlights

(a) turnover increased by GBP17.3 million to GBP45.2 million;

(b) excluding acquisitions and disposals, turnover increased by
    44%;

(c) pre-exceptional operating loss reduced by GBP2.6 million to
    near breakeven;

(d) further significant operational improvement across the
    continuing businesses; and

(e) restructuring of Dorma ahead of schedule.

                Report of Chairman Mike Hartley

Further significant operational improvement has been delivered in
the first half of the financial year.  The turnaround strategy
has made excellent progress with financial performance
approaching breakeven.  The Scottish based Todd & Duncan and
Barrie cashmere businesses achieved substantial improvements in
turnover and operating profits.  The recently announced
investment of almost GBP2 million in Todd & Duncan will lead to
further improvements and the restructuring of the Dorma business
acquired earlier this year is ahead of schedule.

In 2005 the Group implemented FRS17 (Retirement Benefits) and
FRS20 (Share-based Payment).  Prior year figures have been
restated accordingly.  The impact of FRS17 was outlined in the
2004 Annual Report and at the Annual General Meeting on 29 June
2005.

The results for the six months to 2 July 2005 include Dorma,
which was acquired on 14 February while those for 2004 include
Ballantyne, which was disposed of on 31 March 2004 and Joseph
Dawson, which was disposed of on 15 October 2004.

Operating exceptional charges were GBP0.7 million, GBP0.6 million
reorganization costs at Dorma and GBP0.1 million costs
of transferring the Company's share listing to AIM.  The net
interest charge was GBP1.0 million, an increase of GBP0.1
million.

The Dorma business was acquired for GBP8.7 million, inclusive of
deferred consideration of GBP0.3 million and transaction costs.
Net assets at acquisition were GBP16.2 million resulting in
negative goodwill of GBP7.5 million of which GBP1.4 million was
credited to profit and loss in the period.  The evaluation of net
assets acquired and therefore negative goodwill are provisional,
subject to completion of the fair value assessment.

The cash outflow from operating activities in the period was
GBP7.3 million (2004: GBP7.4 million outflow).  Net debt was
GBP8.5 million as at 2 July 2005 (2004: GBP4.8 million).

With Loan Stock conversions having taken place earlier this year,
the outstanding Loan Stock has been reduced to GBP5.4 million
(plus premium) and it will be a key priority to redeem this at
the earliest opportunity.  The Board is considering exercising
the authority granted to it at the Annual General Meeting to make
an equity placement of up to 25,550,000 shares for cash, which
could be used to fund part of this Loan Stock redemption.

Measures are in hand to reduce the final salary pension schemes'
deficit.  The schemes have been closed to new members and
inflationary increases for existing employee members have been
capped for future service.  We anticipate making further
proposals to the Trustees to tackle these deficits.

The Pensions Bill and the resultant Pension Protection Fund Levy
is a piece of ill-conceived Government legislation.  While the
level of levy is a matter of some uncertainty, we estimate on the
basis of initial consultation papers that it may be of the order
of GBP375,000 to GBP700,000 for 2006 diverting funds, which would
otherwise have been invested in the business or indeed the
pension funds.

We do however believe that the level of funding to deal with this
and the annual cash cost of our pensions fund deficit is within
the cash generating ability of our trading businesses.

The Scottish based cashmere businesses of Todd & Duncan and
Barrie have further built on last year's much improved
performance.  Capital investment and management initiatives will
enable Todd & Duncan to make further progress.  Dawson Forte has
a strong order book, which should deliver another good year.
Development of the European sourced cashmere business will have a
modest negative impact in the short term but should start
delivering results next year.

The rapid change program at Dorma is transforming that business
and I remain of the view that we can achieve turnaround by the
end of its second year of ownership.

Taken as a whole, I am confident that we can deliver significant
improvements to operational and financial performance for the
full year.

A copy of this financial report is available free of charge at
http://bankrupt.com/misc/DawsonInternational(H12005).pdf

CONTACT:  DAWSON INTERNATIONAL PLC
          Lochleven Mills
          Kinross
          KY13 8GL, United Kingdom
          Phone: +44-1577-867000
          Fax: +44-1577-867010
          Web site: http://www.dawson-international.co.uk


DIRECT SUPPLIES: Files for Liquidation
--------------------------------------
At an Extraordinary General Meeting of Direct Supplies
(Leicester) Limited, duly convened, and held at The Express by
Holiday Inn, 4 Filbert Way, Leicester LE2 7FQ, on 22 August 2005,
the following Extraordinary Resolution was duly passed:

"That it has 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 Prideaux, of Debtmatters Ltd., Tarleton House, 112-116
Chorley New Road, Bolton BL1 1LA, be and he is hereby appointed
Liquidator for the purposes of such winding-up."

D P Russell, Director

CONTACT:  DIRECT SUPPLIES (LEICESTER) LIMITED
          7 Stafford Street
          Barwell
          Leicester
          LE9 8HF
          United Kingdom
          Phone: (01455) 840555
          Fax: (01455) 846515


DIVERSE TOOLING: Members Decide to Wind up Business
---------------------------------------------------
At an Extraordinary General Meeting of the Members of Diverse
Tooling Solutions Limited, duly convened, and held at Windsor
House, Barnett Way, Barnwood, Gloucester GL4 3RT, on 23 August
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 John Gorman of Hazlewoods LLP, Windsor House, Barnett Way,
Barnwood, Gloucester GL4 3RT, be and he is hereby appointed
Liquidator for the purposes of such winding-up."

D Birt, Chairman

CONTACT:  DIVERSE TOOLING SOLUTIONS LIMITED
          Unit 3, Wallbridge Works
          Wallbridge
          Stroud
          GL5 3JU
          Gloucestershire
          Phone: 01453 765785
          Fax: 01453 753216
          Web site: http://www.diversetoolingsolutions.co.uk

          HAZLEWOODS
          Windsor House, Barnett Way,
          Barnwood, Gloucester GL4 3RT
          Phone: +44 (0) 1452 634800
          Fax:  +44 (0) 1452 371900
          Web site: http://www.hazlewoods.co.uk


DRAX GROUP: Extraordinary General Meeting Set Friday
----------------------------------------------------
Drax Group Limited will hold an Extraordinary General Meeting at
2:30 p.m. on 9 September 2005 at the offices of Norton Rose at
Kempson House, Camomile Street, London EC3A 7AN, United Kingdom.

The formal notice convening the EGM was sent out to shareholders
and lenders on 9 August 2005.  The circular contained details of
the resolution to be put to shareholders and lenders, and
included instructions to sign and return the Proxy Form as soon
as possible, and no later than 48 hours before the start of the
EGM.

The meeting can also be accessed remotely via a dial-in
conference call.  After the meeting, recordings of the dial-in
call will be made available.  It should be noted that while a
dial-in facility is being made available, participation via the
call does not amount to attendance at the meeting.  People who
intend to dial-in will only be able to vote if they have
submitted a completed Proxy Form in advance and in accordance
with the instructions on the form.

U.K. Call In Number:  020-7162-0079
International Call In Number:  +44-20-7162-0079
U.S. Call In Number:  +1-334-323-6201

U.K. Instant Replay
Start Date:  9 September 2005
Delete Date:  14 October 2005
Dial In Number: +44-(0)20-7031-4064
Free phone number (U.K. only): 0800-358-1860
Passcode: 668377

U.S. Instant Replay
Start Date:  9 September 2005
Delete Date:  14 October 2005
Dial In Number:  +1-954-334-0342
Free phone number:  +1-888-365-0240
Passcode:  668377

                        About the Company

Headquartered in Selby, North Yorkshire, United Kingdom, Drax
Group operates the largest coal-fire power plant in Europe.  Its
primary subsidiary, Drax Power, operates the Drax Power Station
in North Yorkshire England.

Drax Group underwent a financial restructuring in 2003 after its
largest customer, TXU Europe, filed for administrative
protection.  Its former project creditors took control of the
firm from owner U.S. energy generator AES.  In December, it
secured an agreement for a GBP348 million claim from TXU.  It
received a first distribution of some GBP214 million at the end
of March.  Succeeding payments are expected in 2005, 2006.  The
company is using its money to discharge B debt.

Drax Group Limited has appointed Deutsche Bank AG London as lead
adviser and sponsor for the proposed refinancing and listing of
Drax.  It has retained Dresdner Kleinwort Wasserstein Limited as
financial adviser.

CONTACT:  DRAX GROUP LIMITED
          Melanie Wedgbury
          Phone: 01757 618381
          Kelly-Ann French/ Eric Burns

          BUCHANAN COMMUNICATIONS
          Phone: 01943 883990
          Charles Ryland/Ben Willey
          Phone: 020 7466 5000


EASYNET GROUP: To Release Interim Results Friday
------------------------------------------------
Easynet Group Plc will be announcing its interim results for the
half year to 30 June 2005 on Friday 9 September 2005.

An analyst presentation will be held at the offices of Easynet
Group Plc, which are located at 1 Brick Lane, London, E1 6PU at
9:30 a.m. on the day.

                            *   *   *

Easynet is a pan-European Broadband Network provider with
operations in ten European countries.  Established in 1994,
Easynet operates one of Europe's most advanced broadband network
infrastructures.

CONTACT:  EASYNET GROUP PLC
          44-46 Whitfield St.
          London
          W1P 5RF, United Kingdom
          Phone: +44-20-7900-4700
          Fax: +44-20-7900-4701
          Web site: http://www.easynet.com

          David Rowe, Chief Executive Officer
          Will Gardiner, Chief Financial Officer
          Anne Perry, Press Office
          Phone: 0800 053 4004


EDGE HALL: Creditors Meeting Set Thursday
-----------------------------------------
Notice is hereby given pursuant to paragraph 51 of Schedule B1 of
the Insolvency Act 1986, that a Meeting of the Creditors of Edge
Hall Limited will be held at the offices of Parkin S. Booth &
Co., 44 Old Hall Street, Liverpool L3 9EB, on 8 September 2005,
at 11:30 a.m., for the purpose of considering the Administrator's
proposals under paragraph 49 of Schedule B1 to the Insolvency Act
1986, and to consider establishing a Creditors' Committee.  A
proxy form should be completed and returned to me at Parkin S.
Booth & Co., 44 Old Hall Street, Liverpool L3 9EB, by 12:00 noon
on 7 September 2005, if you cannot attend the Meeting and wish to
be represented.  In order to be able to vote at the Meeting, you
must give to me, by 12:00 noon on 7 September 2005, details in
writing of your claim.

P J Fleming, Administrator

CONTACT:  PARKIN S. BOOTH & CO.
          44 Old Hall Street,
          Liverpool L3 9EB
          Phone: 0151 236 4331
          Fax:   0151 255 0108
          E-mail: lp@parkinsbooth.co.uk
          Web site: http://www.parkinsbooth.co.uk


E WALTERS: Business for Sale
----------------------------
The Joint Administrators, Myles Halley and Richard Fleming, offer
for sale as a going concern, the business and assets of E Walters
(Ludlow) Limited.

Principal features:

(a) Supplier of trousers and jackets to major supermarkets and
    high street multiples with annual sales of around GBP40
    million;

(b) Subsidiary companies in Slovakia (warehouse) and Bulgaria
    (manufacturing) together with a network of third party
    manufacturers mainly in Ukraine, China and Middle East;

(c) Freehold distribution warehouse of 45,000 sq feet plus
    adjoining leasehold high cube 30,000 sq feet warehouse and
    head office in Leominster, Shropshire; and

(d) Operates 10 retail outlets throughout the U.K. which sell
    own products.

CONTACT:  KPMG LLP
          2 Cornwall Street
          Birmingham B3 2DL
          Phone: (0121) 232 3000
          Fax: (0121) 232 3500
          Web site: http://www.kpmg.co.uk

          Douglas MacBean/Richard Voice
          Phone: 0121 232 3278
          Fax: 0121 335 2501


GATE GOURMET: Chairman Sends out Another Warning to Workers
-----------------------------------------------------------
Gate Gourmet Chairman David Siegel says the chance of the U.K.
operations surviving the next 12 months is "50/50", the Daily
Mail reports.

This is the same odds he gave to the labor talks, which he blames
on a "hardcore minority" of staff.  He said the situation has
reached an "indifference point."

"What we should think about is, is it worth keeping the business
or should we liquidate it?," he said.

While noting BA has squeezed Gate Gourmet "too much as a
supplier," Mr. Siegel brushed aside speculations that the strike
at Heathrow had damaged the caterer's relationship with the
airline.

Earlier, Mr. Siegel warned the caterer could still fall into
administration despite a conditional deal with BA.  The deal is
crucial in that without it the company would be forced to file
for bankruptcy.  BA, however, has made it clear that the deal is
conditioned upon the settlement of the labor row.

Gate Gourmet's U.K. operations, which lost GBP22 million in
2004, is facing another GBP25 million in losses this year.

CONTACT:  GATE GOURMET U.K. & IRELAND
          Phone: 0208 5135013
          Mobile: 07810 561816
          Web site: http://www.gategourmet.com


HENDERSON GROUP: Australian Investor Gives up 11.3% Stake
---------------------------------------------------------
AMP Ltd. has disposed of its remaining stake in Henderson Group
plc, said Dow Jones.

The Australia-based insurer and funds manager disclosed Monday it
has sold its 11.3% shareholding to UBS AG and a London-based
fund.  The sale, which involved 130.56 Henderson shares,
reportedly raised AU$212 million.

AMP chief executive Andrew Mohl said: "AMP's investment in HGP
was never intended to be a long-term shareholding."  AMP
initially had a 15% stake in Henderson, but it had not been
involved with future capital raisings.

In another report, Courier Mail said AMP's relationship with
Henderson had only caused it billions of dollars in losses, with
writedowns reaching AU$2 billion in 2002-2003.  AMP got AU$410
million from Henderson, following the sale.  This included a
AU$198 million capital return earlier this year.  The sale of the
stake and the cash from the transactions have further increased
AMP's liquidity.

Mr. Mohl said: "AMP today is a more transparent and simpler
company, with a robust balance sheet."

CONTACT:  HENDERSON GROUP PLC
          4 Broadgate
          London
          EC2M 2DA, United Kingdom
          Phone: +44-20-7454-9779
          Fax: +44-20-7818-1820
          Web site: http://www.henderson.com

          Investor Inquiries
          Gail Williamson
          Director of Investor Relations
          Phone: +44 20 7818 5168
          E-mail: investor.relations@henderson.com


H S INSULATIONS: In Administrative Receivership
-----------------------------------------------
Name: H S INSULATIONS LIMITED
      (Reg No 04240287)

Nature of Business: Other Business Activities

Trade Classification: Other Business Activities

Date of Appointment of Joint Administrative Receivers: 25 August
2005

Name of Person Appointing the Joint Administrative Receivers:
Davenham Trust Plc

Joint Administrative Receivers: S. Wilson and D. J. Whitehouse
(Office Holder Nos 008963 and 008699), both of Kroll Limited, The
Observatory, Chapel Walks, Manchester M2 1HL

CONTACT:  KROLL LIMITED
          The Observatory,
          Chapel Walks,
          Manchester M2 1HL


INTERTEK GROUP: Half-year Revenues Up 14.5% to GBP272.3 Million
---------------------------------------------------------------
Intertek Group plc has reported its interim results for the half
year to 30 June 2005.

Financial Highlights

(a) revenue of GBP272.3 million: up 14.5% at actual exchange
    rates; up 15.7% at constant exchange rates; up 13.2%
    organically[1];

(b) operating profit [2] of GBP43.5 million: up 11.5% at actual
    exchange rates; up 13.3% at constant exchange rates; up 7.9%
    organically[1]; up 9.1% organically, excluding IFRS share
    option charge [1];

(c) operating margin [1]: 16.0%  down from 16.3%;

(d) operating cash flow of GBP20.0 million: down 34.2% from
    GBP30.4 million;

(e) profit before tax of GBP38.5 million: up 4.3% from GBP36.9
    million;

(f) earnings per share [3] of 18.7 pence: up 14.0% from 16.4
    pence;

(g) basic earnings per share of 17.0 pence: up 4.3% from 16.3
    pence; and

(h) interim dividend per share of 3.9 pence: up 14.7% from 3.4
    pence.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
[1] At constant exchange rates.

[2] Excluding amortization of intangibles GBP0.8 million (H1 04:
GBP0.3 million) and goodwill impairment GBP2.0 million (H1 04:
GBPnil).

[3] Diluted adjusted earnings per share based on profit before
amortization of intangibles and goodwill impairment.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Chief Executive Officer Wolfhart Hauser said: "We are confident
that we are well placed to be able to continue to capitalize on
the strong drivers in our business."

                 Report of Chairman Vanni Treves

On behalf of the Board, I am pleased to announce a very good
result for the first half of 2005, with each division reporting
organic revenue growth of over 10%.

The Group continued its policy of making acquisitions to
complement existing businesses.  On 29 April 2005, we acquired
Omega Point Laboratories Inc (OPL), a fire testing laboratory in
Texas, U.S.A., for GBP2.5 million.  As announced on 3 August
2005, we also acquired PARC Technical Services Inc (PARC), a U.S.
petroleum and chemical process testing company for GBP3.9
million.  Further acquisitions are being pursued.

The Board has decided to pay, on 15 November 2005, an interim
dividend of 3.9 pence (2004: 3.4p), an increase of 14.7% over
last year.  The interim dividend will paid to members on the
register at 4 November 2005.  In accordance with International
Accounting Standard 10, dividends payable are no longer accrued
but are recognized when they are paid.

Once again we expect another good outcome for the year.  We feel
confident in the continuing organic growth of the business, in
the Group's ability to acquire and integrate acquisitions and to
continue its progressive dividend policy.

A copy of this financial report is available free of charge at
http://bankrupt.com/misc/IntertekGroup(H12005).pdf

CONTACT:  INTERTEK GROUP PLC
          25 Savile Row
          London
          W1S 2ES, United Kingdom
          Phone: +44-20-7396-3400
          Fax: +44-20-7396-3480
          Web site: http://www.intertek.com

          Aston Swift, Treasurer
          Investor Relations
          E-mail: aston.swift@intertek.com

          TULCHAN COMMUNICATIONS
          Tim Lynch
          Phone: +44 (0) 20 7353 4200
          E-mail: tlynch@tulchangroup.com


LEISURE WAREHOUSE: Court Okays Liquidation
------------------------------------------
Company Name: THE LEISURE WAREHOUSE LIMITED
              Berkeley Coach House,
              Woods Hill Limpley Stoke,
              Bath, Wiltshire, BA2 7FS
              Phone: 01726 75056
              Fax: 01726 67448

Registration Number: 04899231

Court: Birmingham District Registry

Date of Filing Petition: May 13, 2005

No. of Matter: 2467 of 2005

Date of Winding-up Order: August 15, 2005

CONTACT:  Official Receiver
          69 Middle Street,
          Brighton, BN1 1BE
          Phone: 01273 861300
          Fax: 01273 861301


MAININN LIMITED: Creditors Meeting Set Third Week of September
--------------------------------------------------------------
Notice is hereby given, pursuant to section 48 of the Insolvency
Act 1986, that a Meeting of the unsecured creditors of Maininn
Limited will be held at PricewaterhouseCoopers LLP, Benson House,
33 Wellington Street, Leeds LS1 4JP, on 22 September 2005, at
10:00 a.m., for the purposes mentioned in sections 48 and 49 of
the said Act.  Creditors whose claims are wholly secured are not
entitled to attend or be represented at the Meeting.  Other
Creditors are only entitled to vote if they have given to the
Joint Administrative Receivers, not later than 12:00 noon on the
business day before the day on which the Meeting is to be held,
details in writing of the debt that they claim to be due to them
from the Company, and the claim has been duly admitted under the
provisions of Rule 3.11 of the Insolvency Rules 1986, and there
has been lodged with the Joint Administrative Receivers any proxy
which the Creditor intends to be used on their behalf.  Creditors
of the Company requiring copies of the Joint Administrative
Receivers' report may obtain it, free of charge, on written
application to the Joint Administrative Receivers at
PricewaterhouseCoopers LLP, Benson House, 33 Wellington Street,
Leeds LS1 4JP.

N E Reed and E Klempka, Joint Administrative Receivers

CONTACT:  PRICEWATERHOUSECOOPERS LLP
          Benson House
          33 Wellington Street
          Leeds LS1 4JP
          Phone: [44] (113) 289 4000
          Fax: [44] (113) 289 4460
          E-mails: edward.klempka@uk.pwcglobal.com
                   steve.a.ellis@uk.pwcglobal.com
          Web site: http://www.pwcglobal.com


MARTIN GROUP: Appoints EJK Associates Administrator
---------------------------------------------------
Name: MARTIN GROUP (NW) LIMITED
      (Company No 04567980)

Nature of Business: Construction and Civil Engineering.

Registered Office of Company: Unit 2, Sowerby Woods Business
Park, Barrow, Cumbria LA14 4RD.

Trade Classification: 23.

Date of Appointment: 12 August 2005.

Administrator's Name and Address: Edwin James Kirkwood (IP No
8096), of EJK Associates Limited, 2 Church Court, Morley, Leeds
LS27 9TN.

CONTACT:  EJK ASSOCIATES
          2 Church Court
          Morley
          Leeds
          West Yorkshire LS27 9TN
          Phone: 0113 253 5232
          Fax: 0113 253 5953
          E-mail: edwin.kirkwood@ejkassociates.co.uk


MARTLET NATURAL: Food Manufacturer Calls in Administrator
---------------------------------------------------------
Name: MARTLET NATURAL FOODS LIMITED
      (Company No 02841886)

Nature of Business: Manufacturer of Food Products.

Registered Office of Company: 4 Bull Lane, London N18 1TQ.

Date of Appointment: 23 December 2004.

Joint Administrators' Names and Addresses: Martin Ellis, (IP No
8687), of Grant Thornton UK LLP, Grant Thornton House, Melton
Street, Euston Square, London NW1 2EP, Duncan Swift (IP No 8093),
of Grant Thornton UK LLP, 31 Carlton Crescent, Southampton SO15
2EW, and Ian Carr (IP No 8741), of Grant Thornton UK LLP, Byron
House, Cambridge Business Park, Cowley Road, Cambridge CB4 0WZ

                            *   *   *

Martlet Foods has been producing and blending the finest Honeys,
Chutneys and Jams for over 20 years.  The quality produce covers
Vinegars to Yeast Extract, all made to the same high standards.
Visit http://www.martletfoods.co.uk/for more information.

CONTACT:  MARTLET NATURAL FOODS
          10-14 Meadow Close
          Ise Valley
          Wellingborough NN8 4BH
          Northamptonshire
          Phone: 01933 442022
          Fax: 01933 440815

          GRANT THORNTON U.K. LLP
          Grant Thornton House
          Melton Street
          Euston Square
          London NW1 2EP
          Phone: 020 7383 5100
          Fax: 020 7383 4715
          Web site: http://www.grant-thornton.co.uk

          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

          GRANT THORNTON U.K. LLP
          Byron House
          Cambridge Business Park
          Cowley Road
          Cambridge CB4 0WZ
          Phone: 01223 225600
          Fax: 01223 225619
          Web site: http://www.grant-thornton.co.uk


MCA PERSONNEL: Creditors Meeting Set Next Week
----------------------------------------------
Company Names: MCA PERSONNEL CENTRAL LIMITED
               (Company No 05021402)

               MCA PERSONNEL MOTORWAYS LIMITED
               (Company No 05021420)

               MCA PERSONNEL SOUTH LIMITED
               (Company No 05021410)

               MCA PERSONNEL SOUTHWEST LIMITED
               (Company No 05021414)

Notice is hereby given by Nicholas Hugh O'Reilly and Simon
Elliott Glyn, of Vantis Numerica, PO Box 2653, 66 Wigmore Street,
London W1A 3RT, that a Meeting of the Creditors of these
companies, all of Grosvenor Gardens House, Suite 72, 35-37
Grosvenor Gardens, London SW1W 0BS, is to be held at 66 Wigmore
Street, London W1U 2SB, on 14 September 2005, at 10:00 a.m.  The
Meeting is an initial Creditors' Meeting requested under
paragraph 52(2) of the Schedule.  A proxy form to be used at this
Meeting must be completed and returned to me at PO Box 2653, 66
Wigmore Street, London W1A 3RT, by the date of the Meeting if you
cannot attend and wish to be represented.  In order to be
entitled to vote under Rule 2.38 at the Meeting you must give to
me, not later than 12:00 noon on the business day before the day
of the Meeting, details in writing of your claim. A copy of the
proposals is available, free of charge, and on written request to
me.

Joint Administrator

                            *   *   *

The companies offer short- and long-term staffing requirements to
clients.  It has recruitment campaigns in the Czech Republic and
Portugal.  Visit http://www.mcapersonnel.com/for more
information.

CONTACT:  MCA PERSONNEL CENTRAL
          3rd Flood Penthouse Suite
          Becor House
          Green Lane
          Lincoln LN6 7DL
          Phone: 01522 531344
          Fax: 01522 531655

          MCA PERSONNEL MOTORWAYS
          Offices 11 - 12
          Rugby Business Centre
          21 - 23 Clifton Road
          Rugby, Warwickshire CV21 3PY
          Phone: 01788826970
          Fax: 01788826980

          MCA PERSONNEL SOUTH
          Unit B, Hills Barn
          Appledram Lane South
          Chichester PO20 7EG
          Phone: 01243 785055
          Fax: 01243 785055

          MCA PERSONNEL SOUTHWEST
          1 Howards Row
          Fore Street
          Chard TA20 1PH
          Phone: 01460 61985
          Fax: 01460 62013

          NUMERICA
          PO Box 2653, 66 Wigmore Street,
          London W1A 3RT
          Phone: 020 7467 4000
          Fax:   020 7284 4995
          Web site: http://www.numerica.biz


MEDICAST LIMITED: Names RSM Robson Rhodes Liquidator
----------------------------------------------------
At the extraordinary general meeting of Medicast Limited,
convened, and held at Symmetry Medical, Beulah Road, Sheffield S6
2AN, on 17 August 2005, at 1:00 p.m., the following Resolutions
were passed unanimously, as a Special Resolution, as Ordinary
Resolutions, as an Extraordinary Resolution and as Ordinary
Resolutions respectively:

"That the Company be wound up voluntarily, that Charles William
Anthony Escott and David Michael Riley, of RSM Robson Rhodes LLP,
St George House, 40 Great George Street, Leeds LS1 3DQ, be
appointed as Joint Liquidators for the purpose of such
winding-up, that the remuneration of the Joint Liquidators be
calculated on the basis of time and expenses properly given by
them and their staff in attending matters arising in connection
with the winding-up, and subject to specific approval by the
Members, that the Joint Liquidators may divide among the Members
of the Company in specie the whole or any part of the assets of
the Company and may, for that purpose, value any assets and
determine how the division shall be carried out as between the
Members, that the Joint Liquidators act jointly and severally,
and that the Director will retain the Company's records on behalf
of the Joint Liquidators and will not part with them without the
Joint Liquidators' specific approval."

B S Moore, Director

CONTACT:  MEDICAST LTD.
          Beulah Road,
          Sheffield, South Yorkshire S6 2AN
          Phone: 0114-285-5881

          RSM ROBSON RHODES LLP
          St George House,
          40 Great George Street,
          Leeds LS1 3DQ
          Web site: http://www.robsonrhodes.co.uk


MG ROVER: Over 2,000 Former Staff 'Return' to Work
--------------------------------------------------
More than 2,000 former MG Rover workers have found new jobs since
the carmaker's collapse in April, said BBC News.

According to figures released by the Rover Task Force, the team
organized to take care of about 6,000 people left jobless due to
the crisis, 2,346 are working again, while 1,800 are set to
undergo training.

The Task Force, which is led by government agency Advantage West
Midlands, also revealed 74 out 87 apprentices training at
Longbridge have found alternative places.

Nick Paul, chairman of Advantage West Midlands, said: "With more
than 2,000 of the workforce back in employment and a large number
deciding to pursue fresh careers we are in a position to look at
other areas, such as encouraging former workers to start up new
businesses."

He added the West Midlands had survived the Rover crisis in a
short span of time, supporting a July report that the impact had
not been as bad as initially feared.

The figures came as pressure heightens for Rover's new owner
Nanjing Automobile (Group) Corporation to clarify its plans,
especially regarding the revival of the Longbridge operations.

On Friday, Birmingham newspaper Evening Mail challenged Nanjing
by running a front-page headline in Mandarin that read: "No more
Chinese whispers."

Steve Dyson, the newspaper's Editor, said: "The people of
Birmingham realize that there's either a chance of a few thousand
jobs, or not, but they want to know which one.  They won't want
to be messed around."

In May, Personnel Today said over 400 former MG Rover workers
were already employed, while 800 were under training, after the
carmaker provided companies emergency grants worth GBP2 million
to temporarily retain more than 2,000 employees.

Mr. Paul said: "For companies hit by MG Rover's closure, the
grants we have been able to offer have provided short-term
breathing space."

He noted that their priority was to coordinate with these firms
to offer them longer-term support to find new markets for their
products and get on with life without MG Rover.

CONTACT:  MG ROVER GROUP LIMITED
          Longbridge, Bickenhill
          Birmingham
          B31 2TB, United Kingdom
          Phone: +44-121-475-2101
          Fax: +44-121-482-2403
          Web site: http://www1.mg-rover.com

          NANJING AUTOMOBILE (GROUP) CORPORATION
          General Management Division
          Phone: 86-25-3432671
          Fax: 86-25-3111295 3417873
          E-mail: bnj3111037@jlonline.com
          Web site: http://www.nanqi.com.cn


NAUGHTY CLOTHING: Barclays Bank Appoints Receiver
-------------------------------------------------
Name: NAUGHTY CLOTHING COMPANY LIMITED
      (Reg No 2667803)

Nature of Business: Wholesale of Clothing and Footwear.

Trade Classification: 5142-Wholesale of Clothing and Footwear.

Date of Appointment of Replacement Joint Administrative
Receivers: 24 August 2005.

Name of Person Appointing the Joint Administrative Receivers:
Barclays Bank Plc

Joint Administrative Receivers Appointed to Replace Maurice
Moses: Simon Elliott Glyn and Jonathan Mark Birch (Office Holder
Nos 009159 and 005328), both of Vantis Numerica, PO Box 2653, 66
Wigmore Street, London W1A 3RT.

CONTACT:  NAUGHTY CLOTHING CO. LTD.
          Elsley House
          24-30 Great Titchfield Street
          London W1W 8JA
          Phone: 020 7323 2222
          Fax: 020 7436 8835

          NUMERICA
          PO Box 2653, 66 Wigmore Street,
          London W1A 3RT
          Phone: 020 7467 4000
          Fax:   020 7284 4995
          Web site: http://www.numerica.biz


PLANESTATION LIMITED: Hires Administrators from Grant Thornton
--------------------------------------------------------------
Name: PLANESTATION LIMITED
      (Company No 03479108)

Nature of Business: Holding Company

Registered Office of Company: The Old Control Tower, Manston
Road, Manston, Kent CT12 5TW

Date of Appointment: 23 August 2005

Joint Administrators' Names and Address: Joseph Peter McLean and
Andrew David Conquest (IP Nos 8903 and 5329), both of Grant
Thornton UK LLP, Grant Thornton House, Melton Street, Euston
Square, London NW1 2EP

CONTACT:  GRANT THORNTON U.K. LLP
          Grant Thornton House
          Melton Street
          Euston Square
          London NW1 2EP
          Phone: 020 7383 5100
          Fax: 020 7383 4715
          Web site: http://www.grant-thornton.co.uk


PURPLE M LIMITED: Names DTE Leonard Curtis Liquidator
-----------------------------------------------------
At an Extraordinary General Meeting of Purple M Limited, duly
convened, and held at DTE Leonard Curtis, DTE House, Hollins
Mount, Bury, Lancashire BL9 8AT, on 17 August 2005, the following
Extraordinary Resolution was 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
accordingly that the Company be wound up voluntarily, and that A
Poxon, of DTE Leonard Curtis, DTE House, Hollins Mount, Bury BL9
8AT, be and he is hereby appointed the Liquidator of the Company
for the purposes of such winding-up."

M Tyler, Director

CONTACT: PURPLE M LIMITED
         Cheadle House
         Mary Street
         Cheadle Cheshire
         SK8 1AH
         Phone: 0161 428 3456
         Fax: 0161 428 9700

         DTE LEONARD CURTIS
         DTE House, Hollins Mount,
         Bury BL9 8AT
         Phone: 0161 767 1200
         Fax: 0161 767 1201
         Web site: http://www.dtegroup.com


SPECTRUM INTEGRATED: Files for Liquidation
------------------------------------------
At an Extraordinary General Meeting of Spectrum Integrated
Systems Limited, duly convened, and held at DTE Leonard Curtis,
24 Wellington Street, St John's, Blackburn, Lancashire BB1 8AF,
on 10 August 2005, the following Extraordinary Resolution was
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
accordingly that the Company be wound up voluntarily, and that J
M Titley, of DTE Leonard Curtis, 24 Wellington Street, St John's,
Blackburn, be and is hereby appointed the Liquidator of the
Company for the purposes of such winding-up."

A Marcinkowski, Director

                            *   *   *

The company designs and installs integrated security systems for
the commercial sector.  These include: CCTV, Access control,
Electronic Asset Tagging Systems, Intercom, Public address,
Networking, and Turnstiles and barriers.

CONTACT:  SPECTRUM INTEGRATED SYSTEMS LIMITED
          Unit 445a, Oakshott Place
          Walton Summit
          Bamber Bridge
          Preston
          PR5 8AT
          United Kingdom
          Phone: (01772) 316611
          Fax: (01772) 316633
          Web site: http://www.spectrumintsys.co.uk

          DTE LEONARD CURTIS
          24 Wellington Street,
          St John's, Blackburn,
          Lancashire BB1 8AF
          Web site: http://www.dtegroup.com


VANTAGE POINT: Calls in Administrators from Middleton Partners
--------------------------------------------------------------
Name: VANTAGE POINT EUROPE LTD.
      (Company No 05126589)

Nature of Business: Business and Management Consultancy

Registered Office of Company: 48 Langham Street, London W1W 7AY

Date of Appointment: 22 August 2005

Joint Administrators' Names and Address: Stephen Patrick Jens
Wadsted and Peter James Yeldon (IP Nos 006064 and 007253), both
of 48 Langham Street, London W1W 7AY

CONTACT:  MIDDLETON PARTNERS
          48 Langham Street
          London W1W 7AY
          Phone:  0845 061 6000
                  020 7908 6190
          Fax: 020 7908 6111
          E-mail: enquiries@middletonpartners.co.uk
          Web site: http://www.middletonpartners.co.uk


WIGGINS MANAGEMENT: Grant Thornton Administrators Move in
---------------------------------------------------------
Name: WIGGINS MANAGEMENT SERVICES LIMITED
      (Company No 01944373)

Nature of Business: Property Company

Registered Office of Company: The Old Control Tower, Manston
Road, Manston, Kent CT12 5TW

Date of Appointment: 23 August 2005

Joint Administrators' Names and Address: Joseph Peter McLean and
Andrew David Conquest (IP Nos 8903 and 5329), both of Grant
Thornton UK LLP, Grant Thornton House, Melton Street, Euston
Square, London NW1 2EP

CONTACT:  WIGGINS MANAGEMENT SERVICES LTD.
          35 Berkley Square,
          London W1J 5AE
          Phone: 020-7495-8686

          GRANT THORNTON U.K. LLP
          Grant Thornton House
          Melton Street
          Euston Square
          London NW1 2EP
          Phone: 020 7383 5100
          Fax: 020 7383 4715
          Web site: http://www.grant-thornton.co.uk


WM MORRISON: Ex-MEPC Director Joins Board
-----------------------------------------
Wm Morrison Supermarkets plc has appointed Paul Manduca as a Non
Executive Director of the company with effect from 6 September
2005.

Sir Ken Morrison, Chairman of Morrisons, said: "We are delighted
that Paul Manduca has agreed to join the Morrisons board.  He has
a long and distinguished career in fund management where he has
held many senior management positions.  His knowledge and
understanding of the City and the needs of institutional
shareholders will be of immense benefit to the company."

Paul Manduca said: "Morrisons is a great food retailer and I look
forward to helping the management team complete the integration
of Safeway and developing its future strategy."

Paul Manduca was most recently Deutsche Asset Management's
European Chief Executive.  He was previously Chief Executive of
Rothschild Asset Management and the founding Chief Executive of
Threadneedle Asset Management.

He is a former director of MEPC and a current director of
Development Securities plc as well as a number of other
companies.

                            *   *   *

Wm Morrison has recently reported that total like-for-like sales
for the half-year have increased by 5% or 2.6% excluding fuel.
Group sales were GBP6.363 billion, an increase of 3% influenced
by an extra 5-week contribution from Safeway stores.

In May, Wm Morrison stated clearly that it was not in a position
to provide reliable guidance on the level of profitability for
the year as a whole.  Since that time, the market has produced a
wide range of profit estimates for the year 2005/6.  While
detailed forecasting work was underway, the Board believed the
guidance for profit before tax, exceptionals and goodwill for the
current year will fall within the range GBP50 million to GBP150
million.

The Board reiterated that in 2006/7 there remains every
indication that financial performance will improve significantly
following completion of the conversion process and as the
benefits of the actions taken to normalize the cost structure of
the business are reflected in improving margins.

CONTACT:  WM MORRISON SUPERMARKETS PLC
          Hilmore House
          Thornton Road
          Bradford
          West Yorkshire
          England
          BD8 9AX
          Phone: +44 1274 494166
          Fax: +44 1274 494831
          Web site: http://www.morereasons.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.

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