TCREUR_Public/070130.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

             Tuesday, January 30, 2007, Vol. 8, No. 21

                            Headlines


A U S T R I A

BLEY LLC: Claims Registration Period Ends February 20
HEALTH COMPANY: Claims Registration Period Ends March 6
SALES KAMINSCHLEIFEREI: Claims Registration Period Ends Feb. 6
SHIRAZ LLC: Claims Registration Ends February 15
ZELJKA MARINKOVIC: Claims Registration Period Ends February 26


B E L G I U M

LUKOIL OAO: EC to Close Petrol Chain Takeover Review by Feb. 21


F I N L A N D

BENEFON OYJ: Extends Distribution Deal with Capitel and Lextel


G E R M A N Y

A & B BRINKMANN: Claims Registration Ends February 28
ADAPOCA ERSTE: Claims Registration Ends February 21
ADLER-HEINRICH: Claims Registration Ends February 20
AIR SENA: Creditors Must Register Claims by June 1
AM VERWALTUNGS: Claims Registration Ends February 21

ASH GMBH: Claims Registration Ends February 22
BABS SPORTSWEAR: Creditors' Meeting Slated for February 22
BAUKONTOR RADDE: Claims Registration Ends February 20
BAUSCHUTT RECYCLING: Claims Registration Ends February 22
BENQ WIRELESS: Creditors Must Register Claims by February 23

BIKE AND GARDEN: Claims Registration Ends February 23
CARL KOESTER: Claims Registration Ends February 28
COHOPA GMBH: Creditors Must File Claims by February 28
DIETZ-ELECTRONIC: Claims Registration Ends March 1
DRUCKHAUS FLEISSIG: Claims Registration Ends February 28

DUERR AG: Shares Return to Deutsche Boerse AG's SDAX
EMSCAR TAXISERVICE: Claims Registration Ends February 21
ETEX-SPRACHSYNTHESE: Claims Registration Ends March 7
H & S VIRTUELLE Claims Registration Ends February 28
H. RITTMANN GMBH: Claims Registration Ends Feb. 6

HELMOS AG: Claims Registration Ends April 5
HEROS GROUP: Founder Explains on Embezzlement Allegations
HORST MEFFERT: Claims Registration Ends February 8
ILLI GMBH: Claims Registration Ends February 28
INSELSCHLOSSCHEN BETRIEBS: Claims Registration Ends Feb. 23

INSERVIO GMBH: Claims Registration Ends March 2
ISTANBUL FEINKOST: Claims Registration Ends March 6
KAUFHAUS VOLAND: Claims Registration Ends February 26
LEIPZIG-MILTITZ: Claims Registration Ends February 20
MANIFIQUE GMBH: Claims Registration Ends March 2

MEDIFACTS INT'L: Files for Chapter 11 Protection in Delaware
MEDIFACTS INT'L: Case Summary & 20 Largest Unsecured Creditors
MPG MEDIZINISCH: Claims Registration Period Ends Feb. 22
OTTO SPRATZ: Claims Registration Period Ends Feb. 26
PFLEIDERER AG: Hikes Pergo AB Stake to 55.3%

SPIESS BAU: Claims Registration Period Ends March 5
STAUDTER GMBH: Claims Registration Period Ends Feb. 22
STEINKUNST NATURSTEINHANDEL: Claims Registration Ends Feb. 23
TELE EUROPE: Claims Registration Ends February 22
TURBO WARENHANDELS: Claims Registrations Ends February 28

U.C.S. LOGISTIC: Claims Registration Ends February 25
ULRICH PETERMANN: Claims Registration Ends February 28
VULKAN-BAU-GMBH: Claims Registrations Ends February 26


I T A L Y

FIAT SPA: Fitch Lifts Low-B Ratings on Improved Fin'l. Profile
FIAT SPA: Improved Performance Cues S&P to Affirm Low-B Ratings
PARMALAT SPA: Opens Door to Settlement Negotiations


K A Z A K H S T A N

ACT-SERVICE LLP: Claims Filing Period Ends March 9
ASIA-PREMIER-ASTANA: Creditors Have Until March 9 to File Claims
ATJ & K: Claims Registration Period Ends March 9
BARSHATAS & K: Creditors Must File Claims by March 3
GRAJDAN STORY: Claims Registration Period Ends March 9

KAZKOMMERTS INT'L: Fitch Rates Senior Unsecured Notes at BB+
PROMTECHSERVICE PLUS: Creditors Can File Claims Until March 9
TRANSIT EL TRADE: Creditors Claim Due on March 9
VICTORIA COMPANY: Proofs of Claim Deadline Slated for March 9
VODOPROVOD I: Creditors Have Until March 3 to File Claims


K Y R G Y Z S T A N

AVIRON PRODUCT: Claims Filing Period Ends March 16
MISK INTERNATIONAL: Creditors' Claims Due March 9


R U S S I A

BEREGOVOYE CJSC: Asset Bidding Deadline Slated for February 8
DALNEVOSTOCHNYJ INSTRUMENTAL: Claims Filing Period End March 13
ENISEYSKIY BREAD: Bankruptcy Hearing Slated for May 10
FENT CJSC: Creditors Must File Claims by March 13
FORESTER CJSC: Creditors Must File Claims by February 13

LUKOIL OAO: EC to Close Petrol Chain Takeover Review by Feb. 21
LUKOIL OAO: Three Directors Sell 1.04 Mln Shares for RUR242 Mln
NEVINNOMYSSKIY TINNED: Bankruptcy Hearing Slated for March 20
OB'-YAUZA CJSC: Creditors Must File Claims by March 13
OKTYABRSKIY BUTTER: Bankruptcy Hearing Slated for April 3

POLISTER LLC: Creditors Must File Claims by February 13
PROM-TEKH-INVEST CJSC: Court Names V. Babenko to Manage Assets
SAKHA-TRANS-MECHANIZATION: Claims Filing Period Ends Feb. 13
STAVROPOLSKIY EXPERIMENTAL: Claims Filing Period End Feb. 13
TINTA CJSC: Creditors Must File Claims by Feb. 13

TYRNYAUZSKIY MINING: Court Starts Bankruptcy Supervision Process
URAL BANK: Moody's Assigns B3/NP/E+ Global Scale Ratings
VERKHNEBUREINSKIY OJSC: Creditors Must File Claims by March 13


S P A I N

LEAR CORP: Cuts Annual Net Loss by Half to US$707.5 Million


S W E D E N

PFLEIDERER SWEDEN: Hikes Pergo AB Stake to 55.3%


S W I T Z E R L A N D

BETSCHART BAU: Creditors' Liquidation Claims Due February 9
EDELFLOR JSC: Thurgau Court Starts Bankruptcy Proceedings
FISCHER PLATTEN: Creditors' Liquidation Claims Due February 9
GAU UND UMGEBUNG: Creditors' Liquidation Claims Due February 8
GREEN GRASS: Berne Court Closes Bankruptcy Proceedings

GWIDO HOLDING: Creditors' Liquidation Claims Due February 12
KENTEX JSC: Court Closes Bankruptcy Proceedings
MTS TECHNIK: Creditors' Liquidation Claims Due February 9
OPTRON JSC: Creditors' Liquidation Claims Due February 12
PHM MANAGEMENT: Thurgau Court Closes Bankruptcy Proceedings


U K R A I N E

ALFA-PIK LLC: Claims Submission Deadline Set February 10
BANK VIDRODZHENNYA: Court Names Svetlana Klimenko as Liquidator
FIRST UKRAINIAN: Moody's Puts B2 Ratings with Stable Outlook
FIRST UKRAINIAN: Fitch Assigns B- Rating to Upcoming Eurobond
KYIVSTAR GSM: Moody's Lifts Rating to Ba3 on Good Performance

MAGNETIC MEDIA: Creditors Must Submit Claims by February 11
RAYKOVCY LLC: Creditors Must Submit Claims by February 14
VARIANT LLC: Creditors Must Submit Claims by February 11
VIDRODZHENNYA JSCB: Creditors Must Submit Claims by February 11


U N I T E D   K I N G D O M

A & C PUMPS: Appoints Joint Administrators from PKF
AEROBOX PLC: Files for Chapter 11 Protection in New Mexico
AEROBOX COMPOSITE: Case Summary & 27 Largest Unsecured Creditors
BRITISH AIRWAYS: Cabin Crew Union Cancels Strike Action
EMI GROUP: Merges Capitol & Virgin Recording Labels

ENRON CAPITAL: Creditors' Meeting Slated for February 27
FARRINGDON MORTGAGES: Reserve Draws Cue S&P to Affirm Ratings
FARRINGDON MORTGAGES: Fitch Keeps Class B2a Notes on Watch Neg.
FIMBANK: Weak Capitalization Cues Fitch to Affirm IDR at BB
FLEXIBREAKS TRAVEL: Appoints William Antony Batty as Liquidator

G K CHAWLA: Creditors' Meeting Slated for February 8
GOODROCK CONSTRUCTION: Creditors' Meeting Slated for February 5
HAMNETT HAYWARD: Creditors' Meeting Slated for January 24
HEALTHCARE CONSTRUCTIONS: Creditors' Meeting Slated for Feb. 6
HIGHTRONICS LTD: Creditors' Meeting Slated for February 8

HOLLAND CLARKE: Creditors' Meeting Slated for February 15
I W COOPER: Names Mark Jonathan Botwood Liquidator
ICE COOL: Creditors' Meeting Slated for February 6
INTERPARTNERS NETWORK: Creditors' Meeting Slated for February 8
JADES HOME: Creditors' Meeting Scheduled for February 6

JDL HOLDINGS: Keith Barry Stout Leads Liquidation Procedure
KIKI EUROPE: Creditors' Meeting Scheduled for February 6
KIOSK LONDON: Creditors' Meeting Slated for January 30
LADY GOLFER: Creditors' Meeting Slated for January 31
LEARNING DESIGN: Creditors' Meeting Scheduled for February 6

LIGMONT LTD: Creditors' Meeting Slated for February 5
LIQUID TRADING: Creditors' Meeting Slated for February 7
LOJICS RESOURCE: Bank of Scotland Appoints BDO Stoy as Receivers
LOJICS SERVICES: Bank of Scotland Hires Receivers from BDO Stoy
LUXE LTD: Creditors Confirm Liquidator's Appointment

MANGO DESIGN: Creditors' Meeting Slated for February 8
MCCLELLAND CLEANING: Creditors' Meeting Scheduled for February 6
MIDDLESEX PUBLIC: Creditors' Meeting Scheduled for February 8
MMC CONTRACTING: Creditors' Meeting Slated for February 5
NAGLE BLUE: Creditors' Meeting Scheduled for February 6

NATURAL WORLD: Brings In Marriotts LLP to Administer Assets
NATURAL WORLD: Joint Administrators Selling Gift Chain
NOMADS LEEDS: Creditors' Meeting Slated for February 16
NOW GROUP: Ernst & Young Selling Kitchen Furniture Retailer
OAKLEY NEW: Creditors' Meeting Scheduled for February 6

OCTAVE CAPITAL: Creditors' Meeting Scheduled for February 6
OSLO LTD: Creditors' Meeting Slated for February 7
P&H THERMAL: Hires Stephen M. Rout to Liquidate Assets
PARK PRECISION: Creditors' Meeting Slated for February 8
PINE DI: Creditors' Meeting Slated for February 6

POWERHOUSE GARAGE: Brings In Liquidator from Jackson Gregory
PROVENTUS EUROPEAN: Fitch Rates EUR10 Million Class F Notes at B
PTF LTD: Creditors' Meeting Scheduled for February 12
QUALITY POWDER: Creditors' Meeting Slated for February 15
REDWOODSTONE LTD: Barclays Bank Appoints PwC as Receivers

REFCO INC: Refco LLC Files November 2006 Operating Report
RMF VENTILATION: Creditors' Meeting Slated for February 8
ROYAL & SUN: Goldman Sachs Buys Voting Rights in 260-Mln Shares
RUBY SHOES: Creditors' Meeting Scheduled for February 7
SCOTTISH GRASS: SGM U.K. Buys Asset Out of Receivership

SOLUTIA INC: Seeks May 7 Deadline to File Notices of Removal
STRUCTURAL BUILDING: Joint Liquidators Take Over Operations
TALKINGMINUTES LTD: Creditors' Meeting Scheduled for January 30
TARGET COMMUNICATIONS: Taps Melvyn L. Rose to Liquidate Assets
TERABYTE COMPUTER: Creditors' Meeting Scheduled for February 7

THIRD BUTCHER: Creditors' Meeting Slated for January 31
TOPLINX LTD: Creditors' Meeting Scheduled for February 6
TRADING OVERSEAS: Creditors' Meeting Slated for January 30
TRIANA UK: Creditors' Meeting Scheduled for January 30
TRISCO WARRINGTON: Creditors' Meeting Scheduled for February 8

UBP REALISATIONS: Creditors' Claims Due February 19
UFP LTD: Creditors' Meeting Slated for January 30
UPDATE SOLUTIONS: Creditors' Meeting Slated for February 5
US TRADING: Creditors' Meeting Slated for January 31
W. KNIGHT: Creditors' Meeting Slated for January 30

WADE'S CYCLES: Creditors' Meeting Scheduled for January 31
WHAT WOMEN WANT: Creditors' Meeting Slated for January 30
WIDNEY CABS: Baker Tilly Selling Cab Assembly Manufacturer
WILLIAM DUNK: Creditors' Meeting Slated for February 6
YOGO LTD: Creditors' Meeting Slated for January 30

* Large Companies with Insolvent Balance Sheets

                            *********

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


BLEY LLC: Claims Registration Period Ends February 20
-----------------------------------------------------
Creditors owed money by LLC Bley (FN 209940k) have until Feb. 20
to file written proofs of claim to court-appointed estate
administrator Thomas Mair at:

         Dr. Thomas Mair
         Kurhausstrasse 9
         4820 Bad Ischl, Austria
         Tel: 06132/23517
         Fax: 06132/23517-9
         E-mail: thomas.mair@rechtsangelegenheiten.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:40 a.m. on March 1 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Wels
         Hall 101
         1st Floor
         Maria Theresia Str.12
         Wels, Austria

Headquartered in Bad Ischl, Austria, the Debtor declared
bankruptcy on Jan. 9 (Bankr. Case No. 20 S 5/07x).


HEALTH COMPANY: Claims Registration Period Ends March 6
-------------------------------------------------------
Creditors owed money by LLC Health Company (FN 144469f) have
until March 6 to file written proofs of claim to court-appointed
estate administrator Robert Igali-Igalffy at:

         Mag. Robert Igali-Igalffy
         Stojanstrasse 43
         2344 Maria Enzersdorf, Austria
         Tel: 02236/25138-20
         Fax: 02236/25138-15
         E-mail: igali-igalffy@aon.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:30 a.m. on March 20 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Wiener Neustadt
         Room 15
         Wiener Neustadt, Austria

Headquartered in Oberwaltersdorf, Austria, the Debtor declared
bankruptcy on Jan. 8 (Bankr. Case No. 11 S 140/06h).


SALES KAMINSCHLEIFEREI: Claims Registration Period Ends Feb. 6
--------------------------------------------------------------
Creditors owed money by LLC Sales Kaminschleiferei (FN 260166y)
have until Feb. 6 to file written proofs of claim to court-
appointed estate administrator Gerhard Stauder at:

         Mag. Gerhard Stauder
         c/o Dr. Georg Kahlig
         Siebensterngasse 42
         1070 Vienna, Austria
         Tel: 523 47 91
         Fax: 523 47 91 33
         E-mail: kahlig.partner@aon.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 1:00 p.m. on Feb. 20 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1701
         Vienna, Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Dec. 20, 2006 (Bankr. Case No. 6 S 128/06z).  Georg Kahlig
represents Mag. Stauder in the bankruptcy proceedings.


SHIRAZ LLC: Claims Registration Ends February 15
------------------------------------------------
Creditors owed money by LLC Shiraz (FN 239871b) have until
Feb. 15 to file written proofs of claim to court-appointed
estate administrator Helmut Nestler at:

         Helmut Nestler
         Abstallerstrasse 41
         8052 Graz - Wetzelsdorf, Austria
         Tel: 0664/8334509
         Fax: 0316/285624-4
         E-mail: nestler.h@aon.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 2:15 p.m. on March 1 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Graz
         Room 230
         Hall L
         2nd Floor
         Graz, Austria

Headquartered in Graz, Austria, the Debtor declared bankruptcy
on Dec. 20, 2006 (Bankr. Case No. 25 S 118/06z).


ZELJKA MARINKOVIC: Claims Registration Period Ends February 26
--------------------------------------------------------------
Creditors owed money by LLC Zeljka Marinkovic (FN 249639t) have
until Feb. 26 to file written proofs of claim to court-appointed
estate administrator Bernhard Eder at:

         Dr. Bernhard Eder
         c/o Dr. Herbert Hochegger
         Brucknerstrasse 4/5
         1040 Vienna, Austria
         Tel: 505 78 61
         Fax: 505 78 61-9
         E-mail: eder@rechtsanwaelte.co.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:45 a.m. on March 12 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1705
         Vienna, Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Jan. 8 (Bankr. Case No. 3 S 3/07x).  Herbert Hochegger
represents Dr. Eder in the bankruptcy proceedings.


=============
B E L G I U M
=============


LUKOIL OAO: EC to Close Petrol Chain Takeover Review by Feb. 21
---------------------------------------------------------------
The European Commission will close its review into OAO Lukoil's
acquisition of 376 petrol stations from ConocoPhillips by
Feb. 21, Analytical Information Agency reports.

In a TCR-Europe report on Dec. 13, OAO Lukoil acquired a chain
of gasoline stations in Europe from ConocoPhillips, which are
located in:

   -- Belgium (156),
   -- Poland (83),
   -- Finland (49),
   -- Czech Republic (44),
   -- Hungary (30), and
   -- Slovakia (14).

Leonid Fedun, Lukoil Vice President, said the acquisitions would
boost the company's annual retail sales by 11.4 million metric
tons.  The company will rename the petrol stations as Jet-
branded within two years, AK&M adds.

The deal will hike Lukoil's market share in:

   -- Belgium to 8.3%,
   -- Poland to 6%,
   -- Finland to 29%,
   -- Czech Republic 4%,
   -- Hungary 6%, and
   -- Slovakia 3.5%.

                         About Lukoil

Headquartered in Moscow, Russia, OAO Lukoil (LSE: LKOD; MICEX,
RTS: LKOH) -- http://www.lukoil.com/-- explores and produces
oil & gas, petroleum products and petrochemicals, and markets
the outputs.  Most of the Company's exploration and production
activity is located in Russia, and its main resource base is in
Western Siberia.

                          *     *     *

As reported in the TCR-Europe on July 12, 2006, Standard &
Poor's Ratings Services raised its long-term corporate credit
rating on Lukoil OAO to 'BB+' from 'BB'.  S&P said the outlook
is positive.


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


BENEFON OYJ: Extends Distribution Deal with Capitel and Lextel
--------------------------------------------------------------
Benefon Oyj extended its distribution agreement with China
Potevio's Capitel group and Lextel to sell, market, and
distribute Benefon's navigation and location products to
customers including value added resellers, mobile virtual
network operators, agents, and dealers throughout mainland
China.

Under the terms of this agreement, Lextel Group has committed to
an opening order of EUR3,750,000 of Benefon mobile units to be
co-branded with Capitel for the China market.  The order is
conditional for getting the CTA approval, Benefon expects the
deliveries to start during the second quarter of 2007.

Lextel and its local Chinese partner, Takko Communication, will
jointly market and distribute Benefon's high performing
navigation and tracking product line, including the Twig
Discovery and future products set for release in 2007, to the
consumer market in China.

In China, Benefon's GPS technology will provide a new and
emerging wireless communication solution for densely populated
areas and a more cost effective alternative to traditional
navigation and logistics networks.

Benefon GPS phones provide unique features such as integrated
real-time navigation, unique tracking features, performance
enhanced battery consumption, and stylish cutting edge design.
Benefon's products have been developed for people who want
mobility, convenience and safety but have become frustrated by
overly complicated navigation devices and expensive pay-monthly
navigation service plans.

"This is Benefon's first entrance ever into the Chinese market
and signifies a huge step for the company into a navigation
market that is fast growing," stated Mike Choy, Lextel President
and CEO.

                         About Benefon

Headquartered in Salo, Finland, Benefon Oyj
-- http://www.benefon.com/-- provides mobile telematics
solutions saving lives, securing assets and improving field
management.  The company also operates in the Czech Republic,
Russia and the U.K.

At Dec. 31, 2005, Benefon Oyj's had EUR4.97 million in total
assets and EUR7.30 million in total liabilities, resulting in a
EUR2.33 million stockholders' deficit.


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


A & B BRINKMANN: Claims Registration Ends February 28
-----------------------------------------------------
Creditors of A & B Brinkmann GmbH have until Feb. 28 to register
their claims with court-appointed insolvency manager Andreas
Sontopski.

Creditors and other interested parties are encouraged to attend
the meeting at 11:50 a.m. on March 21, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court Muenster
         Meeting Room 119 B
         Gerichtsstr. 2-6
         48149 Muenster, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Muenster opened bankruptcy proceedings
against A & B Brinkmann GmbH on Jan. 12.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         A & B Brinkmann GmbH
         Attn: Brigitte Brinkmann, Manager
         Gravenkamp 11
         48607 Ochtrup, Germany

The insolvency manager can be contacted at:

         Andreas Sontopski
         Gnoiener Place 1
         48493 Wettringen, Germany
         Tel: 02557/9384-0
         Fax: +492557938450


ADAPOCA ERSTE: Claims Registration Ends February 21
---------------------------------------------------
Creditors of ADAPOCA Erste Verwaltungs-GmbH have until Feb. 21
to register their claims with court-appointed insolvency manager
Hans Peter Runkel.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on March 8, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Wuppertal
         Meeting Room A234
         2nd Floor
         Isle 2
         42103 Wuppertal, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Wuppertal opened bankruptcy proceedings
against ADAPOCA Erste Verwaltungs-GmbH on Jan. 10.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         ADAPOCA Erste Verwaltungs-GmbH
         Attn: Torsten Korb, Manager
         Sudetenstr. 5
         42653 Solingen, Germany

The insolvency manager can be contacted at:

         Hans Peter Runkel
         Friedrich-Ebert-Road 146
         42117 Wuppertal, Germany
         Tel: 0202/30 20 71
         Fax: 0202/31 47 08


ADLER-HEINRICH: Claims Registration Ends February 20
----------------------------------------------------
Creditors of Adler-Heinrich Blockfloetenbau GmbH have until
Feb. 20 to register their claims with court-appointed insolvency
manager Andreas Schenk.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on April 3, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Chemnitz
         Hall 27
         Law Courts Prince Road 21
         Chemnitz, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Chemnitz opened bankruptcy proceedings
against Adler-Heinrich Blockfloetenbau GmbH on Jan. 4.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         Adler-Heinrich Blockfloetenbau GmbH
         Attn: Dietrich Hahl, Manager
         Pestalozzistrasse 25
         08258 Markneukirchen, Germany

The insolvency manager can be contacted at:

         Andreas Schenk
         Franz-Mehring-Road 15
         08058 Zwickau, Germany
         Tel: (0375) 211 857 0
         Fax: (0375) 211 857 28


AIR SENA: Creditors Must Register Claims by June 1
--------------------------------------------------
Creditors of Air Sena GmbH have until June 1 to register their
claims with court-appointed insolvency manager Reimer Witt.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Aug. 17, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Neumuenster
         Area B.126
         Law Courts
         Boostedter Road 26
         Neumuenster, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Neumuenster opened bankruptcy proceedings
against Air Sena GmbH on Dec. 12, 2006.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Air Sena GmbH
         Attn: Senad Catic, Manager
         Drosselweg 6
         24649 Wiemersdorf
         Germany

The insolvency manager can be reached at:

         Reimer Witt
         Kuhberg 43-45
         24534 Neumünster
         Germany


AM VERWALTUNGS: Claims Registration Ends February 21
----------------------------------------------------
Creditors of AM Verwaltungs GmbH have until Feb. 21 to register
their claims with court-appointed insolvency manager Oliver
Spies.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on March 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Moenchengladbach
         Meeting Room A 14
         Ground Floor
         Hohenzollernstr. 157
         41061 Moenchengladbach, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Moenchengladbach opened bankruptcy
proceedings against AM Verwaltungs GmbH on Jan. 3.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         AM Verwaltungs GmbH
         Koenigstrasse 28
         41236 Moenchengladbach
         Germany

         Attn: Peter Gottschalk, Manager
         Kinkelbach 2
         41189 Moenchengladbach
         Germany

The insolvency manager can be reached at:

         Oliver Spies
         Bahnhofstr. 26 - 28
         41236 Moenchengladbach
         Germany
         Tel: 02166 / 2172751
         Fax: +4921662172753


ASH GMBH: Claims Registration Ends February 22
----------------------------------------------
Creditors of ASH GmbH have until Feb. 22 to register their
claims with court-appointed insolvency manager Hans-Peter
Burghardt.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on March 15, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Bielefeld
         Hall 4065
         4th Floor
         Court Route 6
         33602 Bielefeld
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Bielefeld opened bankruptcy proceedings
against ASH GmbH on Dec. 29, 2006.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         ASH GmbH
         Salzufler Str. 301
         32052 Herford
         Germany

         Attn: Karl-Heinz Grebe, Manager
         Schillerstrasse 27
         32105 Bad Salzuflen
         Germany

The insolvency manager can be reached at:

         Hans-Peter Burghardt
         Bunsenstr. 3
         32052 Herford
         Germany


BABS SPORTSWEAR: Creditors' Meeting Slated for February 22
----------------------------------------------------------
The court-appointed insolvency manager for BABS sportswear GmbH,
will present his first report on the Company's insolvency
proceedings at a creditors' meeting at 9:30 a.m. on Feb. 22.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Bremen
         Hall 115
         Court House (New Building)
         Ostertorstr. 25-31
         28195 Bremen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 9:30 a.m. on April 26 at the same venue.

Creditors have until March 13 to register their claims with the
court-appointed insolvency manager.

The District Court of Bremen opened bankruptcy proceedings
against BABS sportswear GmbH on Jan. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         BABS sportswear GmbH
         Am Deich 57
         28199 Bremen
         Germany

The insolvency manager can be reached at:

         Frank-Michael Rhode
         Graf-Moltke-Str. 62
         28211 Bremen
         Germany
         Tel: 0421/3485212/213
         Fax: 0421/341078
         E-mail: info@rhode.de
         Web site: http://www.rhode.de/


BAUKONTOR RADDE: Claims Registration Ends February 20
-----------------------------------------------------
Creditors of Baukontor Radde AG have until
Feb. 20 to register their claims with court-appointed insolvency
manager Friedrich von Kaltenborn-Stachau.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on March 20, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Tostedt
         Meeting Room I
         Area CE.02
         Linden 23
         21255 Tostedt, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Tostedt opened bankruptcy proceedings
against Baukontor Radde AG on Dec. 27, 2006.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         Baukontor Radde AG
         Attn: Oliver Radde, Manager
         Tannenweg 5
         21244 Buchholz, Germany

The insolvency manager can be contacted at:

         Friedrich von Kaltenborn-Stachau
         Jungfernstieg 30
         20354 Hamburg, Germany
         Tel: 040/3 50 06-188
         Fax: 040/3 50 06 176


BAUSCHUTT RECYCLING: Claims Registration Ends February 22
---------------------------------------------------------
Creditors of Bauschutt Recycling Edenkoben GmbH have until
Feb. 22 to register their claims with court-appointed insolvency
manager Olaf Spiekermann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on March 22, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Landau in der Pfalz
         Room 225
         Marienring 13
         76829 Landau in der Pfalz
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Landau in der Pfalz opened bankruptcy
proceedings against Bauschutt Recycling Edenkoben GmbH on
Dec. 21.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be contacted at:

         Bauschutt Recycling Edenkoben GmbH
         Industriering 18 A
         67480 Edenkoben, Germany

The insolvency manager can be contacted at:

         Olaf Spiekermann
         Kanzlei Brinkmann & Partner
         Augustaanlage 62-64
         68165 Mannheim, Germany
         Tel: 0621/4329280
         Fax: 0621/43292827


BENQ WIRELESS: Creditors Must Register Claims by February 23
------------------------------------------------------------
Creditors of BenQ Wireless GmbH have until Feb. 23 to register
their claims with court-appointed insolvency manager Dr. Martin
Prager.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on March 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Munich
         Meeting Room 102
         Infanteriestr. 5
         80097 Munich, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Munich opened bankruptcy proceedings
against BenQ Wireless GmbH on Jan. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         BenQ Wireless GmbH
         Attn: Wei-Yui Liou, manager
         Haidenauplatz 1
         81667 Munich
         Germany

The insolvency manager can be reached at:

         Dr. Martin Prager
         Barthstr. 16, 80339
         Munich
         Germany
         Tel: 089-8589633
         Fax: 089-85896350


BIKE AND GARDEN: Claims Registration Ends February 23
-----------------------------------------------------
Creditors of bike and garden four GmbH have until Feb. 23 to
register their claims with court-appointed insolvency manager
Alexander Leich.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on Feb. 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Trier
         Hall 56
         Justizstrasse 2,4,6
         54290 Trier, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Trier opened bankruptcy proceedings
against bike and garden four GmbH on Feb. 27.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         bike and garden four GmbH
         Gueterstrasse 2 a
         54439 Saarburg, Germany

         Attn: Hans Hammer, Manager
         Brunnenstrasse 31
         54439 Saarburg, Germany

The insolvency manager can be contacted at:

         Alexander Leich
         Nikolaus-Koch-Place 4
         54290 Trier, Germany
         Tel: 0651/970010
         Fax: 0651/9700115
         E-mail: info@brix-leich-glandien.de


CARL KOESTER: Claims Registration Ends February 28
--------------------------------------------------
Creditors of Carl Koester & Sohn GmbH have until Feb. 28 to
register their claims with court-appointed insolvency manager
Manuel Sack.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on March 12, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Osterode am Harz
         Hall 12
         Amtshof 20
         37520 Osterode am Harz, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Osterode am Harz opened bankruptcy
proceedings against Carl Koester & Sohn GmbH on Dec. 29.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         Carl Koester & Sohn GmbH
         Attn: Wolfgang Pieloth, Manager
         Thueringer Road 106
         37534 Gittelde-Teichhuette
         Germany

The insolvency manager can be contacted at:

         Manuel Sack
         Theaterstr. 3
         30159 Hanover, Germany
         Tel: 0511/366020
         Fax: 0511/3660255


COHOPA GMBH: Creditors Must File Claims by February 28
------------------------------------------------------
Creditors of cohopa GmbH have until Feb. 28 to register their
claims with court-appointed insolvency manager Andreas Schenk.

Creditors and other interested parties are encouraged to attend
the meeting at 1:00 p.m. on March 27, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Hof
         Meeting Room 012
         Ground Floor
         Berliner Place 1
         95030 Hof, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Hof opened bankruptcy proceedings against
cohopa GmbH on Jan. 2.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         cohopa GmbH
         Ferdinand-Porsche-Str. 10
         95028 Hof
         Germany

         Attn: Ralf Heyder, Manager
         Zeckenhaus 22
         98693 Ilmenau
         Germany

The insolvency manager can be reached at:

         Andreas Schenk
         Klosterstrasse 17
         95028 Hof
         Germany
         Tel: 0375/2304341
         Fax: 0375/2304352


DIETZ-ELECTRONIC: Claims Registration Ends March 1
--------------------------------------------------
Creditors of Dietz-electronic GmbH have until March 1 to
register their claims with court-appointed insolvency manager
Oliver Kirschnek.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on March 29, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Esslingen
         Hall 1
         1st Floor
         Ritterstr. 5
         Esslingen, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Esslingen opened bankruptcy proceedings
against Dietz-electronic GmbH on Jan. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         Dietz-electronic GmbH
         Attn: Josef Krebs, Manager
         Max-Planck-Str. 15
         72639 Neuffen, Germany

The insolvency manager can be contacted at:

         Dr. Oliver Kirschnek
         Kriegerstr. 3
         70197 Stuttgart, Germany
         Tel: 0711/ 225583-0
         Fax: 0711/ 225583-20


DRUCKHAUS FLEISSIG: Claims Registration Ends February 28
--------------------------------------------------------
Creditors of Druckhaus J. Fleissig GmbH & Co. have until Feb. 28
to register their claims with court-appointed insolvency manager
Rechtsanwalt Andreas Sontopski.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 on March 21, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court Muenster
         Meeting Room 13 B
         Gerichtsstr. 2-6
         48149 Muenster, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Muenster opened bankruptcy proceedings
against Druckhaus J. Fleissig GmbH & Co. on Jan 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Druckhaus J. Fleissig GmbH & Co
         Druffels Weg 85
         48653 Coesfeld
         Germany

The insolvency manager can be reached at:

         Rechtsanwalt Andreas Sontopski
         Platz 1
         48493 Wettringen
         Germany
         Tel: 02557/9384-0
         Fax: +492557938450


DUERR AG: Shares Return to Deutsche Boerse AG's SDAX
----------------------------------------------------
Shares of Duerr AG will again be part of the SDAX, the index of
Deutsche Boerse AG for small caps, on Jan. 29.

This was decided by Deutsche Boerse at an extraordinary index
review meeting as the former SDAX member Kloeckner+Co will be
included in the MDAX index as part of an unscheduled amendment
to its composition, replacing Hypovereinsbank.

"Inclusion in the SDAX is an important success for Duerr and
documents that investors recognize the progress we have made and
take a positive view of the company's prospects for the future,"
Martin Hollenhorst, chief financial officer of Duerr AG, said.

                           About Duerr

Headquartered in Stuttgart, Germany, Duerr AG --
http://www.durr.com/en-- supplies products, systems, and
services for automobile manufacturing.   Its range of products
and services covers important stages of vehicle production.   As
a systems supplier, Duerr plans and builds complete paint shops
and final assembly facilities.   It also delivers cleaning and
filtration systems for the manufacture of engine and
transmission components as well as balancing systems.

                        *     *     *

In a TCR-Europe report on Sept. 5, 2006, Moody's Investors
Service affirmed the B2 corporate family rating of Duerr AG and
the Caa1 rating on the senior subordinated notes.  Moody's said
the Outlook on the ratings remains negative.

Duerr AG's 9-3/4% senior subordinated notes due 2011 carry
Moody's Investors Service's Caa1 rating and Standard & Poor's
CCC+ rating.


EMSCAR TAXISERVICE: Claims Registration Ends February 21
--------------------------------------------------------
Creditors of Emscar Taxiservice GmbH have until Feb. 21 to
register their claims with court-appointed insolvency manager
Rechtsanwalt Hubertus Bange.

Creditors and other interested parties are encouraged to attend
the meeting at 11:15 on March 14 at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court Muenster
         Meeting Room 13 B
         Gerichtsstr. 2-6
         48149 Muenster, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Muenster opened bankruptcy proceedings
against of Emscar Taxiservice GmbH on Jan 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Emscar Taxiservice GmbH
         Buchenweg 1
         48282 Emsdetten
         Germany

The insolvency manager can be reached at:

         Rechtsanwalt Hubertus Bange
         Kardinal-von-Galen-Str. 5
         48268 Greven
         Tel: 02571/865-0
         Fax: +4925718645


ETEX-SPRACHSYNTHESE: Claims Registration Ends March 7
-----------------------------------------------------
Creditors of ETeX-Sprachsynthese AG have until March 7 to
register their claims with court-appointed insolvency manager
Karl-Heinz Trebing.

Creditors and other interested parties are encouraged to attend
the meeting at 9:40 a.m. on April 18, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Frankfurt/Main
         Hall 2
         Building F
         Klingerstrasse 20
         60313 Frankfurt/Main, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Frankfurt/Main opened bankruptcy
proceedings against ETeX-Sprachsynthese AG on Dec. 20.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         ETeX-Sprachsynthese AG
         Zum-Jungen-Road 4
         60320 Frankfurt/Main, Germany

The insolvency manager can be contacted at:

         Karl-Heinz Trebing
         Hanauer Highway 287-289
         60314 Frankfurt/Main, Germany
         Tel: 069/15051300
         Fax: 069/15051400


H & S VIRTUELLE Claims Registration Ends February 28
----------------------------------------------------
Creditors of H & S Virtuelle Welten GmbH have until Feb. 28 to
register their claims with court-appointed insolvency manager
Oliver Brand.

Creditors and other interested parties are encouraged to attend
the meeting at 2:30 p.m. on March 7, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Trier
         Hall 56
         Justizstrasse 2,4,6
         54290 Trier
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 8:30 a.m. on March 21, at the same venue.

The District Court of Trier opened bankruptcy proceedings
against H & S Virtuelle Welten GmbH on Jan. 4.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         H & S Virtuelle Welten GmbH
         Attn: Joerg Eric Henerichs, Manager
         Lasinskystrasse 7
         54296 Trier
         Germany

The insolvency manager can be reached at:

         Oliver Brand
         Dietrichstrasse 20a
         54290 Trier
         Germany
         Tel: 0651/9702460
         Fax: 0651/9702466
         E-mail: insolvenz@rae-schoett.de


H. RITTMANN GMBH: Claims Registration Ends Feb. 6
-------------------------------------------------
Creditors of H. Rittmann GmbH have until Feb. 6 to register
their claims with court-appointed insolvency manager Dr. Helmut
Hemmerling.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on March 20, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Karlsruhe
         Hall IV
         1st Floor
         Schlossplatz 23
         76131 Karlsruhe, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Karlsruhe opened bankruptcy proceedings
against H. Rittmann GmbH on Dec. 29, 2006.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         H. Rittmann GmbH
         Schanz 2
         5038 Oberderdingen
         Germany

         Attn: Holger Rittmann, Manager
         Schanz 2
         75038 Oberderdingen
         Germany

The insolvency manager can be reached at:

         Dr. Helmut Hemmerling
         Heilbronner Str.  86
         70191 Stuttgart
         Germany
         Tel: (0711) 168670


HELMOS AG: Claims Registration Ends April 5
-------------------------------------------
Creditors of Helmos AG have until April 5 to register their
claims with court-appointed insolvency manager Thomas Dithmar.

Creditors and other interested parties are encouraged to attend
the meeting at 3:00 p.m. on May 9, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court Erfurt
         Hall 6
         Judicial Center
         Rudolfstr. 46
         99092 Erfurt
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Erfurt opened bankruptcy proceedings
against Helmos AG on Jan. 5.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be contacted at:

         Helmos AG
         Roten Berg 7
         99086 Erfurt
         Germany

The insolvency manager can be contacted at:

         Dr. Thomas Dithmar
         Barbarossahof 3
         99092 Erfurt
         Germany


HEROS GROUP: Founder Explains on Embezzlement Allegations
---------------------------------------------------------
Heros Group founder Karl-Heinz Weis, who faced bankruptcy-
related and embezzlement allegations, explained to the court of
Hanover that starting in the 1990s it was a necessity for him to
fill financial gaps in the business by embezzling customer cash,
Johannes Nitschmann writes for Suddeutsche Zeitung.

He indicated that he lost track of the proportion of Heros'
debts through the years.

According to the report, Mr. Weis assumed that the embezzled
customer cash had amounted to a maximum of EUR250 million at the
time of his arrest on Feb. 17, 2006.

Manuel Sack, Heros' insolvency administrator, estimated minimum
damages of around EUR400 million.

The Department of Public Prosecution is covering only the
alleged offenses committed since 2001 due to time constraints.

As previously reported in the TCR-Europe, Heros Group and 23 of
its subsidiaries filed for insolvency proceedings on Feb. 21,
2006.  The bankruptcy filings were made following the arrest of
four executives from its Nordcash Geldbearbeitung unit, two
board members and two lower-ranking executives, who allegedly
embezzled EUR400 million from its clients for the firm's
expansion and for personal use.

Headquartered in Hanover, Germany, Heros Group --
http://www.heros-unternehmensgruppe.de/-- previously controlled
around half of Germany's money- transport business and
transports around EUR600 million a day.


HORST MEFFERT: Claims Registration Ends February 8
--------------------------------------------------
Creditors of Meffert Glass Cleanings GmbH have until Feb. 8 to
register their claims with court-appointed insolvency manager
Rechtsanwalt Tobias Hoefer.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 AM on March 22, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Darmstadt
         Room 4.312
         4th Floor
         Building D
         Mathildenplatz 15
         64283 Darmstadt
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Darmstadt opened bankruptcy proceedings
against Meffert Glass Cleanings GmbH on Jan. 1.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Meffert Glass Cleanings GmbH
         Stahlstr. 34
         65428 Ruesselsheim
         Germany

         Attn: Hans-Joachim Meffert, Stahlstr
         Stahlstr. 34
         65428 Ruesselsheim
         Germany

The insolvency manager can be reached at:

         Rechtsanwalt Tobias Hoefer
         Soldnerstr. 2
         68219 Mannheim
         Germany
         Tel.: 0621-87708-0
         Fax: 0621-8770820


ILLI GMBH: Claims Registration Ends February 28
-----------------------------------------------
Creditors of Illi GmbH have until Feb. 28 to register their
claims with court-appointed insolvency manager Manfred Dobler.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on March 29, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Esslingen
         Hall 1
         1st Floor
         Ritterstr 5, Esslingen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Esslingen opened bankruptcy proceedings
against Illi GmbH on Dec. 29.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Illi GmbH
         Attn: Siegfried Mueller, Manager
         Course Ways 25
         73277 Owen
         Germany

The Insolvency Manager can be reached at:

         Manfred Dobler
         Gansheidestr 1
         70184 Stuttgart
         Germany
         Tel: 0711/ 164 33-0
         Fax: 0711/ 164 33-50


INSELSCHLOSSCHEN BETRIEBS: Claims Registration Ends Feb. 23
-----------------------------------------------------------
Creditors of Inselschlosschen Betriebs GmbH have until Feb. 23
to register their claims with court-appointed insolvency manager
Volker Quinkert.

Creditors and other interested parties are encouraged to attend
the meeting at 8:30 a.m. on March 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court Moenchengladbach
         Sitzungssaal A 14
         Erdgeschoss
         41061 Moenchengladbach
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Moenchengladbach opened bankruptcy
proceedings against Inselschlosschen Betriebs GmbH on Dec. 28.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Inselschloesschen Betriebs GmbH
         Harikseeweg 78
         41366 Schwalmtal
         Germany

         Attn: Josef Franz Hiller
         Noehlenweg 7
         41352 Korschenbroich
         Germany

The Insolvency Manager can be reached at:

         Rechtsanwalt Volker Quinkert
         Brucknerallee 6
         41236 Moenchengladbach
         Germany
         Tel: 02166/6189898
         Fax: +4921666189888


INSERVIO GMBH: Claims Registration Ends March 2
-----------------------------------------------
Creditors of Inservio GmbH have until March 2 to register their
claims with court-appointed insolvency manager Michael Pluta.

Creditors and other interested parties are encouraged to attend
the meeting at 9:20 a.m. on March 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Munich
         Meeting Room 102
         Infanteriestr. 5
         80097 Munich
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Munich opened bankruptcy proceedings
against Inservio GmbH on Jan. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Inservio GmbH
         Attn: Stefan Pletsch, Manager
         Haidenauplatz 1
         81667 Muenchen
         Germany

The insolvency manager can be reached at:

         Michael Pluta
         Barthstr. 16
         80339 Muenchen
         Germany
         Tel: 089/8589633
         Fax: 089/85896350


ISTANBUL FEINKOST: Claims Registration Ends March 6
---------------------------------------------------
Creditors of Istanbul Feinkost GmbH & Co. Kommanditgesellschaft
have until March 6 to register their claims with court-appointed
insolvency manager Siegfried Mueller.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on March 27, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cologne
         Meeting Room 14
         1st Floor
         Luxemburger Road 101
         50939 Cologne
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Cologne opened bankruptcy proceedings
against Istanbul Feinkost GmbH & Co. Kommanditgesellschaft on
Dec. 27, 2006.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         Istanbul Feinkost GmbH & Co. Kommanditgesellschaft
         Zeissstr. 36
         50171 Kerpen
         Germany

         Attn: Erdogan Yueksel, Manager
         Limburger Str. 122 - 124
         50171 Kerpen
         Germany

The insolvency manager can be reached at:

         Siegfried Mueller
         Koelner Strasse 67
         50226 Frechen
         Germany


KAUFHAUS VOLAND: Claims Registration Ends February 26
-----------------------------------------------------
Creditors of Kaufhaus Voland GmbH have until Feb. 26 to register
their claims with court-appointed insolvency manager Katrin
Bringezu.

Creditors and other interested parties are encouraged to attend
the meeting at 2:00 p.m. on March 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Leipzig
         Hall 056
         Ground Floor
         Enforcement Court
         Bernhard Goering Road 64
         04275 Leipzig
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Leipzig opened bankruptcy proceedings
against Kaufhaus Voland GmbH on Dec. 29.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Kaufhaus Voland GmbH
         Baker Street 3
         04720 Dobeln
         Germany

The Insolvency Manager can be reached at:

         Katrin Bringezu
         Prager Street 34
         04317 Leipzig
         Germany
         Tel: 0341/486930
         Fax: 0341/4869393
         E-mail: leipzig@hbml.de


LEIPZIG-MILTITZ: Claims Registration Ends February 20
-----------------------------------------------------
Creditors of Leipzig-Miltitz Duft und Aroma GmbH have until
Feb. 20 to register their claims with court-appointed insolvency
manager Dr. Rainer Eckert.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on March 20, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Leipzig
         Hall 056
         Ground Floor
         Enforcement Court
         Bernhard Goering Road 64
         04275 Leipzig
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Leipzig opened bankruptcy proceedings
against Leipzig-Miltitz Duft und Aroma GmbH on Dec. 28.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Leipzig-Miltitz Duft und Aroma GmbH
         Geschwister-Scholl-Str. 32
         04205 Leipzig
         Germany

The insolvency manager can be reached at:

         Dr. Rainer Eckert
         Kaethe-Kollwitz-Street 9
         04109 Leipzig
         Germany
         Tel: 0341/910470
         Fax:  0341/9104710
         E-mail: Eckert-leipzig@rae-eckert.de


MANIFIQUE GMBH: Claims Registration Ends March 2
-------------------------------------------------
Creditors of Manifique GmbH have until March 2 to register their
claims with court-appointed insolvency manager Ingmar Jarchow.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on March 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Hamburg
         Hall B 405 (Civil Law Courts)
         4th Floor Anbau
         Sievkingplatz 1
         20355 Hamburg, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Hamburg opened bankruptcy proceedings
against Manifique GmbH on Dec. 28.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Manifique GmbH
         Large leads 36
         20354 Hamburg, Germany

The insolvency manager can be reached at:

         Ingmar Jarchow
         Heuberg 1
         20354 Hamburg, Germany


MEDIFACTS INT'L: Files for Chapter 11 Protection in Delaware
------------------------------------------------------------
Medifacts International filed for protection under Chapter 11 of
the U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the
District of Delaware.

Medifacts plans to sell its clinical research unit through a
court-supervised auction and reorganize around its cardiac-
safety-monitoring services division, The Associated Press
reports.

"The operations of the business have been challenged in recent
months," AP quotes Chief Executive Michael Woehler as saying.
"The company anticipates that through . . . the restructuring of
the company's balance sheet and our existing investors'
preliminary indications of interest to invest further in the
company through a plan of reorganization, (Medifacts) will
quickly emerge from bankruptcy leaner and adequately
capitalized."

Medifacts International Inc. -- http://www.medifacts.com/--
provides quality clinical trial services to pharmaceutical,
biotech and medical device companies that are developing
therapeutic drugs and products.  The company consists of three
fully-integrated divisions: Clinical Research Services, Cardiac
Safety Services, and Medifacts International Research Center.
The company employs 176 people in the North America, China and
Europe.


MEDIFACTS INT'L: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Medifacts International, Inc.
        aka M2 Worldwide Corp.
        aka Medifacts, Ltd.
        aka Medifacts International Consulting, LLC
        aka MS (Asia) Ltd.
        aka Medifacts International Consultants, LLC
        aka M2 Worldwide Corporation
        2101 Gaither Road, Suite 400
        Rockville, MD 20850

Bankruptcy Case No.: 07-10110

Type of Business: The Debtor provides quality clinical trial
                  services to pharmaceutical, biotech and
                  medical device companies that are developing
                  therapeutic drugs and products.  The company
                  employs 176 people in the North America, China
                  and Europe.  See http://www.medifacts.com/

Chapter 11 Petition Date: January 28, 2007

Court: District of Delaware (Delaware)

Debtor's Counsel: Joseph A. Malfitano, Esq.
                  Young, Conaway, Stargatt & Taylor LLP
                  The Brandywine Building
                  P.O. Box 391
                  1000 West Street, 17th Floor
                  Wilmington, DE 19899-0391
                  Tel: (302) 571-6600
                  Fax: (302) 571-1253

Estimated Assets: $10 Million to $50 Million

Estimated Debts:  $10 Million to $50 Million

Debtor's 20 Largest Unsecured Creditors:

   Entity                              Claim Amount
   ------                              ------------
Scios                                      $400,000
6500 Paseo Padre Parkway
Fremont, CA 94555

Crosstree Capital Partner                  $100,000
c/o Shane Senior
4902 Eisenhower Boulevard, Suite 125
Tampa, FL 33634

Dr. Joan Albert Barbera                     $71,016
c/o Pulmonary Hypertension
801 Roeder Road, Suite 400
Silver Spring, MD 20910

Citicorp Vendor Finance                     $36,858
P.O. Box 7247-0118
Philadelphia, PA 19170-0118

Software House International                $33,537
Global Headquarters
2 Riverview Drive
Somerset, NJ 08873

Tarchalski Janusz Lech Kardiologia          $15,780

MCI Worldcom Conferencing                   $15,349

Medical Uni Graz                            $15,302

Aronson & Company                           $14,932

Pharma eMarket LLC                          $13,889

Pharma Clinical                             $13,364

G.E. Healthcare Financial Services          $12,973

Bird & Bird                                 $12,839

Dr. Anja Bruske                             $11,113

Therapeutic Development                      $9,125

Global Drug Development                      $9,010

Consulta Treuhand GmbH                       $8,853

Iron Mountain Records Management             $8,739

ClinSource, Inc.                             $8,317

Clinical Resource Network                    $7,388


MPG MEDIZINISCH: Claims Registration Period Ends Feb. 22
--------------------------------------------------------
Creditors of MPG Medizinisch-Psychologische Gesellschaft AG have
until Feb. 22 to register their claims with court-appointed
insolvency manager Jana Dettmer.

Creditors and other interested parties are encouraged to attend
the meeting at 12:12 p.m. on March 22, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cologne
         Meeting Room 14
         Ground Floor
         Luxemburger Road 101
         50939 Cologne
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Cologne opened bankruptcy proceedings
against MPG Medizinisch-Psychologische Gesellschaft AG on
Nov. 22, 2006.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         MPG Medizinisch-Psychologische Gesellschaft AG
         Attn: Dr. Frieder Nau, Manager
         Richmodstrasse 2
         50667 Cologne
         Germany

The insolvency manager can be reached at:

         Jana Dettmer
         Weyerstrasse 54
         50676 Cologne
         Germany


OTTO SPRATZ: Claims Registration Period Ends Feb. 26
----------------------------------------------------
Creditors of Otto Spratz Lufttechnik GmbH have until Feb. 26 to
register their claims with court-appointed insolvency manager
Hendrik Rogge.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on March 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Hamburg
         Hall B 405 (Civil Law Courts)
         4th Floor Anbau
         Sievkingplatz 1
         20355 Hamburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Hamburg opened bankruptcy proceedings
against Otto Spratz Lufttechnik GmbH on Dec. 27, 2006.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Otto Spratz Lufttechnik GmbH
         Attn: Thomas Clasen
         Ottensener Strasse 2
         22525 Hamburg
         Germany

The insolvency manager can be reached at:

         Hendrik Rogge
         Albert-Einstein-Ring 15
         22761 Hamburg
         Germany


PFLEIDERER AG: Hikes Pergo AB Stake to 55.3%
--------------------------------------------
Pfleiderer Sweden AB, an indirectly wholly owned subsidiary of
Pfleiderer AG, has acquired 4,829,245 shares in Pergo AB.

After the acquisition Pfleiderer Sweden owns 6,087,445 shares in
Pergo, which represents 11.4% of the shares and votes in Pergo.

Together with the 22,460,195 Pergo shares in respect of which
irrevocable undertakings including options have been obtained,
Pfleiderer Sweden controls 28,547,640 shares, which represents
53.3% of the shares and votes in Pergo.

In a TCR-Europe report on Jan. 18, Pfleiderer AG proposed a
SEK2.73 billion voluntary takeover offer for all of the shares
in Pergo AB to boost U.S. sales and enter the European laminate-
flooring market.

Pfleiderer AG submitted the offer via its indirectly wholly
owned subsidiary, Pfleiderer Sweden AB, at an offer price of
SEK51 in cash per share in Pergo.  Currently, 53,569,685 shares
in Pergo are outstanding.

"With Pergo we can cover the total U.S. area excellently," said
Pfleiderer CEO Hans Overdiek.  "Since the beginning of last year
we've been looking for a production site in the south of the
U.S.  We already produce in Canada, in Montreal."  Demand for
laminate floors may rise by 10% a year in the U.S., he added.

                         About Pfleiderer

Headquartered in Neumarkt, Germany, Pfleiderer AG --
http://www.pfleiderer.com/-- manufactures engineered woods and
infrastructure products through its subsidiaries.  The Company
produces wood-based panels for furniture and interior fittings,
track systems for urban and intercity rail networks, and a range
of poles and towers for energy and commercial infrastructures.

                          *     *     *

In a TCR-Europe report on Jan. 18, Fitch Ratings said that
Germany-based Pfleiderer AG's Issuer Default rating of BB and
Short-term rating of B are not affected by the group's takeover
bid for Sweden-based Pergo AB.  The rating Outlook remains
Positive.


SPIESS BAU: Claims Registration Period Ends March 5
---------------------------------------------------
Creditors of Spiess Bau GmbH have until March 5 to register
their claims with court-appointed insolvency manager Dr.
Kreuznacht.

Creditors and other interested parties are encouraged to attend
the meeting at 3:00 p.m. on April 5, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Muehlhausen
         Area 91
         Untermarkt 17
         Muehlhausen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Muehlhausen opened bankruptcy proceedings
against Spiess Bau GmbH on Dec. 22, 2006.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Spiess Bau GmbH
         G.-A.Hanewacker-Str. 1
         99734 Nordhausen
         Germany

The insolvency manager can be reached at:

         Dr. Kreuznacht
         Untermarkt 23
         99974 Muehlhausen
         Germany


STAUDTER GMBH: Claims Registration Period Ends Feb. 22
------------------------------------------------------
Creditors of Staudter GmbH have until Feb. 22 to register their
claims with court-appointed insolvency manager Stephan Konicke.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on March 22, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Saarbruecken
         Room 24
         Second Floor
         Branch Office Sulzbach
         Vopeliusstrasse 2
         66280 Sulzbach, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Saarbruecken opened bankruptcy proceedings
against Staudter GmbH on Dec. 22, 2006.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Staudter GmbH
         Attn: Dirk Staudter
         Zur Lambertstrasse 15
         66787 Wadgassen, Germany

The insolvency manager can be reached at:

         Stephan Konicke
         Beethovenstrasse 16
         66606 St. Wendel, Germany
         Tel: 06851/ 939 8770
         Fax: 06851/ 939 8790


STEINKUNST NATURSTEINHANDEL: Claims Registration Ends Feb. 23
-------------------------------------------------------------
Creditors of STEINKUNST Natursteinhandel und Verlegung GmbH have
until Feb. 23 to register their claims with court-appointed
insolvency manager Uwe Hahn.

Creditors and other interested parties are encouraged to attend
the meeting at 9:35 a.m. on March 8, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Konstanz
         Room 2
         Untere Laube 12
         II. OG
         78462 Konstanz, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Konstanz opened bankruptcy proceedings
against STEINKUNST Natursteinhandel und Verlegung GmbH on
Dec. 28, 2006.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         STEINKUNST Natursteinhandel und Verlegung GmbH
         Gottlieb-Binder-Str. 11
         71088 Holzgerlingen
         Germany

         Attn: Carsten Kiefer, Manager
         Goldiwilstr. 14
         CH-3600 Thun
         Germany

The insolvency manager can be reached at:

         Dr. Uwe Hahn
         Scheffelstr. 15
         78224 Singen
         Germany


TELE EUROPE: Claims Registration Ends February 22
-------------------------------------------------
Creditors of Tele Europe GmbH have until Feb. 22 to register
their claims with court-appointed insolvency manager
Henning Samisch.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on March 14, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Lueneburg
         Hall 302
         Ochsenmarket 3
         21335 Lueneburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Lueneburg opened bankruptcy proceedings
against Tele Europe GmbH on Dec. 20, 2006.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Tele Europe GmbH
         Attn: Uwe Davids, Manager
         Plan 30
         15831 Diedersdorf
         Germany

The insolvency manager can be reached at:

         Henning Samisch
         Muehlenkamp 59
         D 22303 Hamburg
         Germany
         Tel: 040650390
         Fax: 04065039199


TURBO WARENHANDELS: Claims Registrations Ends February 28
---------------------------------------------------------
Creditors of Turbo Warenhandels GmbH have until Feb. 28 to
register their claims with court-appointed insolvency manager
Heinrich C. Friedhoff.

Creditors and other interested parties are encouraged to attend
the meeting at 11:45 a.m. on March 30, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cologne
         Meeting Room 1240
         12th Floor
         Luxemburger Road 101
         50939 Cologne, Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Cologne opened bankruptcy proceedings
against Turbo Warenhandels GmbH on Dec. 14, 2006.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Turbo Warenhandels GmbH
         Attn: Juergen Wolf, Manager
         Sonnenhang 5
         50259 Pulheim
         Germany

The insolvency manager can be reached at:

         Heinrich C. Friedhoff
         Bismarckstr. 27-29
         50762 Cologne
         Germany
         Tel: 0221-952751-17
         Fax: 0221-952751-16


U.C.S. LOGISTIC: Claims Registration Ends February 25
-----------------------------------------------------
Creditors of U.C.S. Logistic GmbH have until Feb. 25 to register
their claims with court-appointed insolvency manager Peter
Houben.

Creditors and other interested parties are encouraged to attend
the meeting at 9:16 a.m. on March 9, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Krefeld
         Meeting Room H 131
         1st Floor
         Nordwall 131
         47798 Krefeld
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Krefeld opened bankruptcy proceedings
against U.C.S. Logistic GmbH on Dec. 21, 2006.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         U.C.S. Logistic GmbH
         Heinrich-Haanen-Str. 6
         41334 Nettetal
         Germany

         Attn: Jessica Schmitz
         Koelner Str. 43a
         40211 Duesseldorf
         Germany

The insolvency manager can be reached at:

         Peter Houben
         Sternstrasse 58
         40479 Duesseldorf
         Germany
         Tel: 0211/49 144-0
         Fax: +4902114914434


ULRICH PETERMANN: Claims Registration Ends February 28
------------------------------------------------------
Creditors of Ulrich Petermann, Teppiche GmbH have until Feb. 28
to register their claims with court-appointed insolvency manager
Andreas Sontopski.

Creditors and other interested parties are encouraged to attend
the meeting at 9:20 a.m. on March 21, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Muenster
         Meeting Room 119 B
         Gerichtsstr. 2-6
         48149 Muenster
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Muenster opened bankruptcy proceedings
against Ulrich Petermann, Teppiche GmbH on Dec. 27, 2006.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Ulrich Petermann, Teppiche GmbH
         Attn: Ulrich Petermann, Manager
         Ochtruper Road 141
         48565 Steinfurt
         Germany

The insolvency manager can be reached at:

         Andreas Sontopski
         Gnoiener Place 1
         48493 Wettringen
         Germany
         Tel: 02557/9384-0
         Fax: +492557938450


VULKAN-BAU-GMBH: Claims Registrations Ends February 26
------------------------------------------------------
Creditors of Vulkan-Bau-GmbH have until Feb. 26 to register
their claims with court-appointed insolvency manager Joerg A.
Wunderlich.

Creditors and other interested parties are encouraged to attend
the meeting at 10:20 a.m. on April 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Wittlich
         Hall 3
         Law Courts
         Kurfuerstenstrasse 63
         54516 Wittlich
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Wittlich opened bankruptcy proceedings
against Vulkan-Bau-GmbH on Dec. 29, 2006.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Vulkan-Bau-GmbH
         Higis-Ring 4
         54578 Wiesbaum
         Germany

         Attn: Annemie Schramm, Manager
         Bachstrasse 1 a
         54597 Steffeln, Germany

The insolvency manager can be reached at:

         Joerg A. Wunderlich
         Bahnhofsplatz 8
         54292 Trier, Germany
         Tel: 0651/14693-0
         Fax: 0651/14693-20


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


FIAT SPA: Fitch Lifts Low-B Ratings on Improved Fin'l. Profile
--------------------------------------------------------------
Fitch Ratings upgraded Fiat S.p.A.'s and Fiat Finance and Trade
Ltd. S.A.'s respective Issuer Default and senior unsecured
ratings to 'BB' from 'BB-'.  Fiat's Short-term rating is
affirmed at 'B'.  The Outlook on the Issuer Default rating
remains Positive.

"The rating upgrade reflects our view that Fiat has consistently
improved its financial profile and strengthened its operational
profile over the past couple of years," says Emmanuel Bulle,
Director in Fitch's European Corporates group.  "Fiat Auto in
particular has demonstrated structural progress and enhanced its
operating performance in 2006."

The Positive Outlook reflects Fitch's expectations that Fiat's
credit profile should continue to improve in 2007.  However, the
group will need to demonstrate that the current improvement is
sustainable and that it can cope with the remaining challenges
to achieve a higher rating.  Competition in western Europe is
extremely severe and is likely to intensify in view of other car
manufacturers' recently launched and upcoming new products. In
particular, Fiat Auto will have to show progress in the sales of
upcoming models to prove the sustainability of its sales and
market share rebound.  It will also have to reorganize and
reinforce its sales dealer network outside of Italy and further
improve efficiency gains.  Likewise, further positive
developments at the trucks and commercial vehicles and
agricultural and construction equipment divisions will be
necessary to ensure positive rating actions.

Restructuring has so far proved successful, with the group
meeting all its business and financial objectives.  Fiat Auto
was the notable outperformer in western Europe in 2006 with unit
sales increasing 17.6% in a market that grew only 0.7%.  In
Q406, Fiat Auto posted its fourth consecutive positive quarterly
trading margin and reported a 1.2% trading margin for 2006, up
from a negative 1.4% in FY05.

The improvement was mostly attributable to Fiat Auto's focus on
improving product attractiveness and a better product mix,
manufacturing efficiencies and the group's successful selective
alliances strategy.  Fiat has signed 13 partnerships, including
ones with PSA, Ford, Tata in India and Severstal in Russia, to
enter new market segments and countries and share development
costs on new models and technologies.  This should enable the
group to address the geographical mix issue as sales are biased
towards western Europe, and cut development and manufacturing
costs.

Trading margins at Iveco and CNH have also improved in 2006,
thanks to their solid market positions and early restructuring
efforts. Both divisions have also benefited from increased
volumes in favorable markets and better pricing.  Iveco's
performance was also boosted by the launch of new products.  It
posted a 6% trading margin for 2006, up from 3.9% in FY05. CNH
reported a 7% margin, up from 6.8%.

At group level, industrial net debt, excluding the net fair
value of derivatives instruments declined to EUR2.1 billion at
FYE06 and net debt on EBITDA decreased to 0.5x at FYE06 from
1.1x at FYE05.  The group reported EUR8 billion in cash and
marketable securities at FYE06.  In addition, Fiat benefits from
EUR2bn of available committed medium-term bank facilities, up
from EUR1.5 billion at Q306.


FIAT SPA: Improved Performance Cues S&P to Affirm Low-B Ratings
---------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on
Italian industrial group Fiat S.p.A. to positive from stable.
At the same time, the 'BB' long-term and 'B' short-term
corporate credit ratings on Fiat were affirmed.

"The outlook revision reflects Fiat's improved trading margin
and cash generation, and significantly reduced debt," said
Standard & Poor's credit analyst Barbara Castellano.

Fiat's financial profile has constantly improved over the past
18 months.  The group's main subsidiaries Fiat Auto SpA, Iveco
SpA, and CNH Global N.V. all achieved better operating
performances in 2006 than in 2005.  As a result, Fiat's trading
profit was EUR1.95 billion, with a relevant contribution from
the auto sector, equal to EUR441 million.  Fiat also achieved a
7.6% market share in Western Europe, compared with 6.5% in 2005.
In addition, operating results for the auto division turned to
positive outside of Brazil for the first time in the last
quarter of 2006.

S&P expects this trend to continue in the coming quarters.  In
2006, CNH reported a slightly higher trading profit of 7.0%
compared with 6.8%& in 2005, while Iveco delivered a 6.0%
trading profit, up from 3.9% the previous year.  S&P expects
both companies to achieve better results in 2007 as a
consequence of
the group's recently announced restructuring efforts.

The ratings on Fiat could be raised if the group confirms in the
next few months that its improved trading margin and cash
generation are sustainable.  Standard & Poor's will also look
closely at the launch of the group's new Fiat Bravo car.  We
consider the launch of an additional, large-volume, and
profitable car to be important for the group.   The outlook
could be revised back to stable if Fiat does not sustain its
improved financial results and if there is evidence that the new
Fiat Bravo is not going to be able to meet the yearly targets
given by the group.


PARMALAT SPA: Opens Door to Settlement Negotiations
---------------------------------------------------
Parmalat S.p.A. disclosed that, in relation to the press release
published on Nov. 22, 2006, concerning the stay of discovery
through Dec. 31, 2006, for all Parmalat related proceedings
before Hon. Lewis A. Kaplan of the U.S. Southern District of New
York, the Company has not requested an extension of the stay and
it has no knowledge that any parties involved in MDL (Multi
District Litigation) have sought a further stay.

Discovery resumed as of Jan. 1, 2007.

In any case, Parmalat proceeds with actions for settlement
negotiations.

                         About Parmalat

Headquartered in Milan, Italy, Parmalat S.p.A. --
http://www.parmalat.net/-- sells nameplate milk products that
can be stored at room temperature for months.  It also has 40-
some brand product line, which includes yogurt, cheese, butter,
cakes and cookies, breads, pizza, snack foods and vegetable
sauces, soups and juices.

The Company's U.S. operations filed for chapter 11 protection on
Feb. 24, 2004 (Bankr. S.D.N.Y. Case No. 04-11139).  Gary
Holtzer, Esq., and Marcia L. Goldstein, Esq., at Weil Gotshal &
Manges LLP, represent the Debtors.  When the U.S. Debtors filed
for bankruptcy protection, they reported more than US$200
million in assets and debts.  The U.S. Debtors emerged from
bankruptcy on April 13, 2005.

Parmalat S.p.A. and its Italian affiliates filed separate
petitions for Extraordinary Administration before the Italian
Ministry of Productive Activities and the Civil and Criminal
District Court of the City of Parma, Italy on Dec. 24, 2003. Dr.
Enrico Bondi was appointed Extraordinary Commissioner in each of
the cases.  The Parma Court has declared the units insolvent.

On June 22, 2004, Dr. Bondi filed a Sec. 304 Petition, Case No.
04-14268, in the United States Bankruptcy Court for the Southern
District of New York.

Parmalat has three financing arms: Parmalat Capital Finance
Ltd., Dairy Holdings, Ltd., and Food Holdings, Ltd.  Dairy
Holdings and Food Holdings are Cayman Island special-purpose
vehicles established by Parmalat SpA.  The Finance Companies are
under separate winding up petitions before the Grand Court of
the Cayman Islands.  Gordon I. MacRae and James Cleaver of Kroll
(Cayman) Ltd. serve as Joint Provisional Liquidators in the
cases.  On Jan. 20, 2004, the Liquidators filed Sec. 304
petition, Case No. 04-10362, in the United States Bankruptcy
Court for the Southern District of New York.  In May 2006, the
Cayman Island Court appointed Messrs. MacRae and Cleaver as
Joint Official Liquidators.  Gregory M. Petrick, Esq., at
Cadwalader, Wickersham & Taft LLP, and Richard I. Janvey, Esq.,
at Janvey, Gordon, Herlands Randolph, represent the Finance
Companies in the Sec. 304 case.

The Honorable Robert D. Drain presides over the Parmalat
Debtors' U.S. cases.

(Parmalat Bankruptcy News, Issue No. 84; Bankruptcy Creditors'
Service Inc. 215/945-7000, http://bankrupt.com/newsstand/)


===================
K A Z A K H S T A N
===================


ACT-SERVICE LLP: Claims Filing Period Ends March 9
--------------------------------------------------
LLP Act-Service has declared insolvency.  Creditors have March 9
to submit proofs of claim to:

         LLP Act-Service
         Ospanov Str. 54/2-16
         Aktube region
         Aktube
         Kazakhstan


ASIA-PREMIER-ASTANA: Creditors Have Until March 9 to File Claims
----------------------------------------------------------------
LLP Asia-Premier-Astana has declared insolvency.  Creditors have
until March 9 to submit written proofs of claim to:

         LLP asia-premier-astana
         Pobeda Ave. 97-37
         Astana
         Kazakhstan


ATJ & K: Claims Registration Period Ends March 9
------------------------------------------------
The Specialized Inter-Regional Economic Court of Kyzylorda
region declared LLP ATJ & K insolvent.

Creditors have until March 9 to submit written proofs of claim
to:

         The Specialized Inter-Regional Economic Court
         of Kyzylorda Region
         Aiteke-bi Str. 29
         Kyzylorda
         Kyzylorda Region
         Kazakhstan


BARSHATAS & K: Creditors Must File Claims by March 3
----------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty Region
declared LLP Barshatas & K insolvent on Dec. 7, 20006.

Creditors have until March 3 to submit written proofs of claim
to:

         LLP Barshatas & K
         Dostyk Ave. 44-99
         Almaty, Kazakhstan
         Tell: 8 705 203 30-32


GRAJDAN STORY: Claims Registration Period Ends March 9
------------------------------------------------------
LLP Grajdan Stroy Project has declared insolvency.  Creditors
have until March 9 to submit proofs of claim to:

         LLP Grajdan Stroy Project
         Dostyk Ave. 34a
         Almaty
         Kazakhstan
         Tel/Fax: 8 (3272) 93-84-92


KAZKOMMERTS INT'L: Fitch Rates Senior Unsecured Notes at BB+
------------------------------------------------------------
Fitch Ratings assigned Kazkommerts International B.V.'s upcoming
senior unsecured notes issue an expected Long-term 'BB+' rating.
The notes will be offered under the US$3-billion guaranteed debt
issuance program, rated Long-term 'BB+' and Short-term 'B'.

The notes under the program are unconditionally and irrevocably
guaranteed by Kazakhstan's Kazkommertsbank, rated foreign
currency Issuer Default 'BB+' with a Positive Outlook.  The
final ratings are contingent upon receipt of final documentation
conforming materially to information already received.

KKB's guarantee of the notes will rank at least equally with all
present or future unsecured and unsubordinated obligations of
the bank, save those preferred by relevant provisions of law and
of general application.  Under Kazakhstani law, the claims of
retail depositors rank above those of other senior unsecured
creditors.  As of Sept. 30, 2006, retail deposits accounted for
10% of KKB's total liabilities, based on the bank's audited
International Financial Reporting Standards financial
statements.

KKB was the second largest commercial bank in Kazakhstan by IFRS
assets as of Sept. 30, 2006.  Its other ratings are Short-term
foreign currency 'B', local currency Issuer Default 'BBB-
'/Stable Outlook, Short-term local currency 'F3', Individual
'C/D' and Support '3'.


PROMTECHSERVICE PLUS: Creditors Can File Claims Until March 9
-------------------------------------------------------------
LLP Promtechservice Plus has declared insolvency.  Creditors
have until March 9 to submit written proofs of claim to:

         LLP Promtechservice Plus
         Gagarin Str. 83
         Almaty, Kazakhstan
         Tel: 8 (3272) 60-83-61
              8 (3272) 60-84-52


TRANSIT EL TRADE: Creditors Claim Due on March 9
------------------------------------------------
LLP Transit El Trade has declared insolvency.  Creditors have
March 9 to submit proofs of claim to:

         LLP Transit El Trade
         Suyunbai Ave. 341
         Almaty
         Kazakhstan
         Tel: 8 (3272) 50-85-97


VICTORIA COMPANY: Proofs of Claim Deadline Slated for March 9
-------------------------------------------------------------
The Specialized Inter-Regional Economic Court of South
Kazakhstan region declared LLP Victoria Company insolvent.

Creditors have until March 9 to submit written proofs of claim
to:

        LLP Victoria Company
        Mageldin Str. 39a
        Shymkent
        Kazakhstan


VODOPROVOD I: Creditors Have Until March 3 to File Claims
---------------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty Region
declared State Utility Enterprise Water Pipe And Sewerage
Vodoprovod I Kanalizatsiya insolvent on Dec. 8, 2006.

Subsequently, bankruptcy proceedings were introduced at the
company.

Creditors have until March 3 to submit written proofs of claim
to:

        Vodoprovod I Kanalizatsiya
        Radjibaev Str. 114
        Shonjy
        Uigursky District
        Almaty Region
        Kazakhstan
        Tel: 8 (278) 2-11-89


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


AVIRON PRODUCT: Claims Filing Period Ends March 16
--------------------------------------------------
LLC Aviron Product has declared insolvency.  Creditors have
until March 16 to submit written proofs of claim.

Inquiries can be addressed to (+996 312) 65-76-87.


MISK INTERNATIONAL: Creditors' Claims Due March 9
-------------------------------------------------
LLC Misk International has declared insolvency.  Creditors have
until March 9 to submit written proofs of claim to:

         Jibek Jolu Str. 25
         Bishkek, Kyrgyzstan
         Tel: (+996 312) 29-75-42


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


BEREGOVOYE CJSC: Asset Bidding Deadline Slated for February 8
-------------------------------------------------------------
LLC Uralskiy Centre of Auction Organization Ural-Lot, the
bidding organizer for CJSC Beregovoye, will open a public
auction for the company's properties at 4:00 p.m. on Feb. 13 at:

         LLC Uralskiy Centre of Auction Organization Ural-Lot
         Nemirovicha-Danchenko Str. 165-316
         630087 Novosibirsk Region
         Russia

The case is docketed under Case No. A45-29226/05-4/362.

The company has set a RUR1,430,145 starting price for the
auctioned assets.

Interested participants have until Feb. 8 to deposit an amount
equivalent to 10% of the starting price to:

         CJSC Beregovoye
         Settlement Account 40702810009150000068
         TIN 5429100185
         KPP 542901001

Bidding documents must be submitted to:

         LLC Uralskiy Centre of Auction Organization Ural-Lot
         Nemirovicha-Danchenko Str. 165-316
         630087 Novosibirsk Region
         Russia
         Tel: 8(383) 346-52-39, 349-50-73

The Debtor can be reached at:

         CJSC Beregovoye
         Novorozino
         Kupinskiy Region
         Novosibirsk Region
         Russia


DALNEVOSTOCHNYJ INSTRUMENTAL: Claims Filing Period End March 13
---------------------------------------------------------------
Creditors of on CJSC Dalnevostochnyj Instrumental Factory have
until March 13 to submit written proofs of claim to:

         A. Mazur, Insolvency Manager
         Post User Box 74/7
         680030 Khabarovsk Region
         Russia

The Arbitration Court of Khabarovsk Region commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A73-4402/2006-39.

The Debtor can be reached at:

         CJSC Dalnevostochnyj Instrumental Factory
         Zapadnoye Shosse
         Amursk
         Khabarovsk Region
         Russia


ENISEYSKIY BREAD: Bankruptcy Hearing Slated for May 10
------------------------------------------------------
The Arbitration Court of Krasnoyarsk Region will convene on
May 10 to hear the bankruptcy supervision procedure on OJSC
Eniseyskiy Bread.  The case is docketed under Case No.
A33-160016/06.

The Temporary Insolvency Manager is:

         M. Trubachev
         Office 10
         Lenina Str. 62A
         660049 Krasnoyarsk Region
         Russia

The Arbitration Court of Krasnoyarsk Region is located at:

         Lenina Str. 143
         660021 Krasnoyarsk Region
         Russia

The Debtor can be reached at:

         OJSC Eniseyskiy Bread
         R-Krestyanskaya Str. 10
         Eniseysk
         Krasnoyarsk Region
         Russia


FENT CJSC: Creditors Must File Claims by March 13
-------------------------------------------------
Creditors of on CJSC Fent have until March 13 to submit written
proofs of claim to:

         A. Polonyankin, Insolvency Manager
         Room 904
         Kulibina Str. 17
         394029 Voronezh Region
         Russia

The Arbitration Court of Moscow commenced bankruptcy proceedings
against CJSC Fent after finding it insolvent.  The case is
docketed under Case No. A40-70644/05-123-210B.

The Arbitration Court of Moscow is located at:

         Novaya Basmannaya Str. 10
         Moscow Region
         Russia

The Debtor can be reached at:

         CJSC Fent
         Building 2
         Rublevskoye Shosse 38
         Moscow Region
         Russia


FORESTER CJSC: Creditors Must File Claims by February 13
--------------------------------------------------------
Creditors of CJSC Forester (TIN/KPP 2342001280/234201001)
have until Feb. 13 to submit written proofs of claim to:

         R. Nekhay, Temporary Insolvency Manager
         Stroitelnaya Str. 7
         Mostovskoy
         Krasnodar region
         Russia
         Tel: 8-928-215-05-85

The Arbitration Court of Krasnodar Region commenced bankruptcy
supervision procedure on the company.  The case is docketed as
under Case No. A32-22138/2006-44/2084-B.

The Arbitration Court of Krasnodar Region is located at:

         Krasnaya Str. 6
         Krasnodar Region
         Russia

The Debtor can be reached at:

         CJSC Forester
         Stroitelnaya Str. 7
         Mostovskoy
         Krasnodar Region
         Russia


LUKOIL OAO: EC to Close Petrol Chain Takeover Review by Feb. 21
---------------------------------------------------------------
The European Commission will close its review into OAO Lukoil's
acquisition of 376 petrol stations from ConocoPhillips by
Feb. 21, Analytical Information Agency reports.

In a TCR-Europe report on Dec. 13, OAO Lukoil acquired a chain
of gasoline stations in Europe from ConocoPhillips, which are
located in:

   -- Belgium (156),
   -- Poland (83),
   -- Finland (49),
   -- Czech Republic (44),
   -- Hungary (30), and
   -- Slovakia (14).

Leonid Fedun, Lukoil Vice President, said the acquisitions would
boost the company's annual retail sales by 11.4 million metric
tons.  The company will rename the petrol stations as Jet-
branded within two years, AK&M adds.

The deal will hike Lukoil's market share in:

   -- Belgium to 8.3%,
   -- Poland to 6%,
   -- Finland to 29%,
   -- Czech Republic 4%,
   -- Hungary 6%, and
   -- Slovakia 3.5%.

                         About Lukoil

Headquartered in Moscow, Russia, OAO Lukoil (LSE: LKOD; MICEX,
RTS: LKOH) -- http://www.lukoil.com/-- explores and produces
oil & gas, petroleum products and petrochemicals, and markets
the outputs.  Most of the Company's exploration and production
activity is located in Russia, and its main resource base is in
Western Siberia.

                          *     *     *

As reported in the TCR-Europe on July 12, 2006, Standard &
Poor's Ratings Services raised its long-term corporate credit
rating on Lukoil OAO to 'BB+' from 'BB'.  S&P said the outlook
is positive.


LUKOIL OAO: Three Directors Sell 1.04 Mln Shares for RUR242 Mln
---------------------------------------------------------------
OAO Lukoil disclosed of the sale of common shares by members of
the Management Committee on Jan. 24 in Moscow, Russia:

   * Anatoly Barkov,

     -- number of shares: 32,000
     -- transaction amount: RUR74,363,644

   * Alexander Matytsyn

     -- number of shares: 32,000
     -- transaction amount: RUR74,363,644

   * Lyubov Khoba

     -- number of shares: 40,000
     -- transaction amount: RUR92,954,555

The transactions have been made to pay for the shares received
by the said persons during their participation in the Employee
Restricted Share Plan that was approved by the Board of
Directors in 2003.

In accordance with the conditions of the Plan the shares can be
paid with the participants' own funds or by means of a partial
sale of shares to the Operator of the Plan.

Pursuant to the Plan shares are bought back by the Operator at
the weighted-average market price on the RTS Stock Exchange as
of December 2006.

                         About Lukoil

Headquartered in Moscow, Russia, OAO Lukoil (LSE: LKOD; MICEX,
RTS: LKOH) -- http://www.lukoil.com/-- explores and produces
oil & gas, petroleum products and petrochemicals, and markets
the outputs.  Most of the Company's exploration and production
activity is located in Russia, and its main resource base is in
Western Siberia.

                          *     *     *

As reported in the TCR-Europe on July 12, 2006, Standard &
Poor's Ratings Services raised its long-term corporate credit
rating on Lukoil OAO to 'BB+' from 'BB'.  S&P said the outlook
is positive.


NEVINNOMYSSKIY TINNED: Bankruptcy Hearing Slated for March 20
-------------------------------------------------------------
The Arbitration Court of Stavropol Region will convene at 10:30
on March 20 to hear the bankruptcy supervision procedure on LLC
Nevinnomysskiy Tinned Food Factory Nectar (TIN 2631021983).  The
case is docketed under Case No. A63-12323/06-S5.

The Temporary Insolvency Manager is:

         D. Evtushenko
         Room 15
         Mira Str. 455a
         355029 Stavropol Region
         Russia

The Arbitration Court of Stavropol Region is located at:

         Mira Str. 458 b
         Stavropol Region
         Russia

The Debtor can be reached at:

         LLC Nevinnomysskiy Tinned Food Factory Nectar
         3rd Internationala Str. 128
         Nevinnomysk
         Stavropol Region
         Russia


OB'-YAUZA CJSC: Creditors Must File Claims by March 13
------------------------------------------------------
Creditors of on CJSC Ob'-Yauza have until March 13 to submit
written proofs of claim to:

         S. Lebedev, Insolvency Manager
         Office 7
         Kamenskaya 64a
         Novosibirsk Region
         Russia

The Arbitration Court of Novosibirsk Region commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A45-15045/06-4/332.

The Arbitration Court of Novosibirsk Region is located at:

         Kirova Str. 3
         630007 Novosibirsk Region
         Russia

The Debtor can be reached at:

         CJSC Ob'-Yauza
         Sofiyskaya Str. 18
         Novosibirsk Region
         Russia


OKTYABRSKIY BUTTER: Bankruptcy Hearing Slated for April 3
---------------------------------------------------------
The Arbitration Court of Chelyabinsk Region will convene on
April 3 to hear the bankruptcy supervision procedure on OJSC
Oktyabrskiy Butter Factory.  The case is docketed under Case No.
A76-29332/2006-48-265.

The Temporary Insolvency Manager is:

         N. Volkov
         Korabelnaya Str. 8-136
         454045 Chelyabinsk Region
         Russia

The Arbitration Court of Chelyabinsk Region is located at:

         Vorovskogo Str. 2
         454091 Chelyabinsk Region
         Russia

The Debtor can be reached at:

         OJSC Oktyabrskiy Butter Factory
         Oktyabrskoye
         Oktybrskiy Region
         Chelyabinsk Region
         Russia


POLISTER LLC: Creditors Must File Claims by February 13
-------------------------------------------------------
Creditors of on LLC Polister (TIN 3808099765) have until Feb. 13
to submit written proofs of claim to:

         S. Galandin, Temporary Insolvency Manager
         Office 403
         Dek. Sobytiy Str. 125
         664007 Itkutsk Region
         Russia

The Arbitration Court of Itkutsk Region commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. A19-22505/06-8.

The Arbitration Court of Irkutsk Region is located at:

         Room 303
         Gagarina Avenue 70
         664025 Irkutsk Region
         Russia

The Debtor can be reached at:

         S. Galandin, Temporary Insolvency Manager
         Office 403
         Dek. Sobytiy Str. 125
         664007 Itkutsk Region
         Russia


PROM-TEKH-INVEST CJSC: Court Names V. Babenko to Manage Assets
--------------------------------------------------------------
The Arbitration Court of Tomsk Region appointed Mr. V. Babenko
as Insolvency Manager for CJSC Prom-Tekh-Invest.  He can be
reached at:

         V. Babenko
         Office 207
         Nakhimova Str. 13/1
         634034 Tomsk Region
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A67-7914/01.

The Debtor can be reached at:

         V. Babenko
         Office 207
         Nakhimova Str. 13/1
         634034 Tomsk Region
         Russia


SAKHA-TRANS-MECHANIZATION: Claims Filing Period Ends Feb. 13
------------------------------------------------------------
Creditors of on OJSC Sakha-Trans-Mechanization have until
Feb. 13 to submit written proofs of claim to:

         N. Mamrukov, Insolvency Manager
         Krupskou Str. 35
         Yakutsk
         677007 Sakha Republic-Yakutiya
         Russia

The Arbitration Court of Sakha Republic-Yakutiya commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A58-2242/06.

The Arbitration Court of Sakha Republic-Yakutiya is located at:

         Kurashova Str. 28
         677000 Sakha Republic-Yakutiya
         Russia

The Debtor can be reached at:

         OJSC Sakha-Trans-Mechanization
         Molodyezhnaya Str. 23
         Solnechnyj Location
         Ladan
         678900 Sakha Republic-Yakutiya
         Russia


STAVROPOLSKIY EXPERIMENTAL: Claims Filing Period End Feb. 13
------------------------------------------------------------
Creditors of on LLC Stavropolskiy Experimental Factory (TIN
2633000643) have until Feb. 13 to submit written proofs of claim
to:

         A. Khalizov, Insolvency Manager
         Apartment 4
         Lenina Str. 120
         355012 Stavropol Region
         Russia

The Arbitration Court of Stavropol Region commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A63-16997/06-S5.

The Arbitration Court of Stavropol Region is located at:

         Mira Str. 458 b
         Stavropol Region
         Russia

The Debtor can be reached at:

         LLC Stavropolskiy Experimental Factory
         Oktyabrskaya Str. 184a
         355000 Stavropol Region
         Russia


TINTA CJSC: Creditors Must File Claims by Feb. 13
-------------------------------------------------
Creditors of on CJSC Tinta (TIN 1831046278/ KPP 183101001) have
until Feb. 13 to submit written proofs of claim to:

         V. Klyukin, Insolvency Manager
         Office 202
         Severnyj Per. 61
         Izhevsk
         426011 Udmurtiya Republic
         Russia

The Arbitration Court of Udmurtiya Republic commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A71-008765/2006 G9.

The Arbitration Court of Udmurtiya Republic is located at:

         Lomonosova Str. 5
         Izhevsk
         426004 Udmurtiya Republic
         Russia

The Debtor can be reached at:

         CJSC Tinta
         Post User Box 4317
         Izhevsk
         426057 Udmurtiya Republic
         Russia


TYRNYAUZSKIY MINING: Court Starts Bankruptcy Supervision Process
----------------------------------------------------------------
The Arbitration Court of Kabardino Balkariya Republic commenced
bankruptcy supervision procedure on OJSC Tyrnyauzskiy Mining and
Concentration Complex.

The Temporary Insolvency Manager is:

         I. Gorelov
         Elbrusskiy Pr. 19
         Tyrnyauz
         361620 Kabardino Balkariya republic
         Russia

The Debtor can be reached at:

         I. Gorelov
         Elbrusskiy Pr. 19
         Tyrnyauz
         361620 Kabardino Balkariya Republic
         Russia


URAL BANK: Moody's Assigns B3/NP/E+ Global Scale Ratings
--------------------------------------------------------
Moody's Investors Service assigned these global scale ratings
with stable outlook to Ural Bank for Reconstruction and
Development:

   -- B3 long-term and Not-Prime short-term foreign and local
      currency deposit ratings; and

   -- E+ financial strength rating.

At the same time, Moody's Interfax Rating Agency has assigned a
Baa2.ru long-term national scale credit rating to the bank.
Moscow-based Moody's Interfax is majority-owned by Moody's
Investors Service.

According to Moody's Investors Service and Moody's Interfax, the
B3/NP/E+ global scale ratings reflect global default and loss
expectation, while the Baa2.ru national scale rating reflects
the standing of the bank's credit quality relative to its
domestic peers.

UBRD's FSR is underpinned by its position as one of the banking
leaders in its home Oblast of Sverdlovsk and in the neighboring
Oblast of Chelybinsk located in the east of the European part of
Russia.  As the economy of both regions is currently developing
quite dynamically and UBRD has established relationships with a
number of large local companies from mining, metallurgy and some
other industries, its business within this territory has the
potential for further growth.  UBRD is also planning to
strengthen its franchise by gradually transforming from a
regional into a nationwide bank, although implementation of this
strategy could be hampered by intense competition. Other
positive rating drivers include:

   (i) a relatively developed and rapidly expanding territorial
       network; and

  (ii) a sound core deposit funding base with accounts of
       individuals presently making up about 50% of total
       liabilities.

The bank's FSR is constrained primarily by a very large exposure
to related parties, which at year-end 2005 was equal to 365% of
equity, as well as by an excessive single-party and industry
concentrations in the loan portfolio.  However, UBRD is
expecting concentrations to decline dramatically in 2006 and
2007, as its related borrowers are planning to refinance the
major part of their debt by loans from larger banks.  Another
important negative rating driver is the bank's unsatisfactory
level of economic capital, as at year-end 2005 the amount of
fixed assets exceeded the shareholders' equity.  UBRD's FSR is
also constrained by its weak earnings performance, mainly due to
a relatively narrow net interest margin and high non-interest
expenses related to branch network development, together with
possible negative repercussions for profitability from the
growth of delinquencies in the bank's rapidly growing consumer
loans portfolio.

The B3/NP deposit ratings and Baa2.ru NSR do not factor in the
possibility of support in the event of need from either the
Russian financial authorities or the bank's shareholders.
Although such support is possible, particularly from the Russian
financial authorities in light of UBRD's substantial market
share in private deposit-taking in the Oblast of Sverdlovsk
(currently about 10%), its scope and timeliness are somewhat
uncertain.

UBRD is headquartered in Yekaterinburg, Russian Federation.  As
at year-end 2005, the bank reported total assets of US$632
million under IFRS.  UBRD ranked 58th by assets and 79th by
regulatory capital among Russian banks as of Sept. 30, 2006,
according to Interfax.


VERKHNEBUREINSKIY OJSC: Creditors Must File Claims by March 13
--------------------------------------------------------------
Creditors of on OJSC Trading House Verkhnebureinskiy have until
March 13 to submit written proofs of claim to:

         G. Chmutina, Insolvency Manager
         Office 806
         Office 56
         Sheronova Str. 56
         680000 Khabarosk Region
         Russia

The Arbitration Court of Khabarosk Region commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A73-5895/2006-9.

The Debtor can be reached at:

         OJSC Trading House Verkhnebureinskiy
         Tsentralnaya Str. 52
         Chegdomyn
         Verkhnebureinskiy Region
         Khabarosk Region
         Russia


=========
S P A I N
=========


LEAR CORP: Cuts Annual Net Loss by Half to US$707.5 Million
-----------------------------------------------------------
Lear Corp. released its consolidated financial results for the
quarter and year ended Dec. 31, 2006.

Lear posted US$707.5 million in net losses against
US$17.84 billion in revenues for 2006, compared with US$1.38
billion in net losses against US$17.09 billion in revenues for
2005.

The company posted US$645 million in net losses against US$4.26
billion in revenues for the fourth quarter of 2006, compared
with US$602.6 million in net losses against US$4.4 billion in
revenues for the same period in 2005.

The decline in net sales for the quarter reflects primarily
lower production in North America and the divestiture of Lear's
European Interior business.  Operating results also declined,
reflecting the lower production, offset in part by the addition
of new business and cost improvements.

Higher full-year net sales reflects primarily the addition of
new business, partially offset by lower production in North
America and unfavorable platform mix.  Operating results
improved, reflecting the addition of new business and ongoing
cost and efficiency actions, largely offset by lower production
in North America and unfavorable platform mix.

"In a challenging environment last year, we improved our
financial results for the full year, improved our liquidity
position and took a number of important steps to reposition Lear
for future success," Bob Rossiter, Lear Chairman and CEO, said.
"We refocused our strategy to manage our business on a product-
line basis.  We increased our emphasis on new technology and
innovation with our Core Dimension strategy.  We also continued
to make steady progress in diversifying our sales on a customer,
regional and vehicle segment basis."

                    Full-Year 2007 Guidance

The guidance excludes results for Lear's Interior business for
the full year.  On this basis, Lear expects 2007 worldwide net
sales of US$15 billion, reflecting primarily the addition of new
business globally and the positive impact of foreign exchange,
partially offset by unfavorable platform mix.

Lear anticipates 2007 income before interest, other expense,
income taxes, restructuring costs and other special items to be
in the range of US$560 to US$600 million.  The improvement in
core operating earnings reflects the addition of new business
and cost improvements, offset in part by unfavorable platform
mix.

Restructuring costs in 2007 are estimated to be about US$100
million.

Interest expense is estimated to be in the range of US$215 to
US$225 million.  Pretax income before restructuring costs and
other special items is estimated to be in the range of US$270 to
US$310 million.  Tax expense is expected to be between US$100
and US$120 million, depending on the mix of earnings by country.

Capital spending in 2007 is estimated at around US$250 million.
Depreciation and amortization expense is estimated at about
US$310 million.  Free cash flow is expected to be positive at
about US$225 million for the year.

Key assumptions underlying Lear's financial outlook include
expectations for industry vehicle production of approximately
15.3 million units in North America and 19.2 million units in
Europe.  Lear continues to see production for the Big Three in
North America being down slightly.  In addition, we are assuming
an exchange rate of US$1.30/Euro.

                        About the Company

Southfield, Mich.-based Lear Corp. (NYSE: LEA) --
http://www.lear.com/-- supplies automotive interior systems and
components.  Lear provides complete seat systems, electronic
products, electrical distribution systems, and other interior
products.

Lear also operates in Argentina, Austria, Belgium, Brazil,
Canada, China, Czech Republic, United Kingdom, France, Germany,
Honduras, Hungary, India, Italy, Japan, Mexico, Morocco,
The Netherlands, Philippines, Poland, Portugal, Romania, Russia,
Singapore, Slovakia, South Africa, South Korea, Spain, Sweden,
Thailand, Tunisia, Turkey and Venezuela.

                           *     *     *

As reported in the TCR-Europe on Nov. 23, 2006, Moody's
Investors Service raised Lear Corp.'s rating outlook to stable
from negative and affirmed all other Lear ratings.

In a TCR-Europe report on Nov. 22, 2006, Standard & Poor's
Ratings Services assigned its 'B-' ratings to Lear Corp.'s
US$300 million senior notes due 2013 and its US$400 million
senior notes due 2016.

Lear's 'B+' corporate credit and other ratings were affirmed.
The outlook is negative.

Moody's Investors Service has assigned a B3, LGD4, 61% rating to
Lear Corp.'s new offering of US$700 million of unsecured notes.
At the same time, Moody's affirmed Lear's Corporate Family
Rating of B2, Speculative Grade Liquidity rating of SGL-2 and
negative outlook.  All other long-term ratings are unchanged.


===========
S W E D E N
===========


PFLEIDERER SWEDEN: Hikes Pergo AB Stake to 55.3%
------------------------------------------------
Pfleiderer Sweden AB, an indirectly wholly owned subsidiary of
Pfleiderer AG, has acquired 4,829,245 shares in Pergo AB.

After the acquisition, Pfleiderer Sweden owns 6,087,445 shares
in Pergo, which represents 11.4% of the shares and votes in
Pergo.

Together with the 22,460,195 Pergo shares in respect of which
irrevocable undertakings including options have been obtained,
Pfleiderer Sweden controls 28,547,640 shares, which represents
53.3% of the shares and votes in Pergo.

In a TCR-Europe report on Jan. 18, Pfleiderer AG proposed a
SEK2.73 billion voluntary takeover offer for all of the shares
in Pergo AB to boost U.S. sales and enter the European laminate-
flooring market.

Pfleiderer AG submitted the offer via its indirectly wholly
owned subsidiary, Pfleiderer Sweden AB, at an offer price of
SEK51 in cash per share in Pergo.  Currently, 53,569,685 shares
in Pergo are outstanding.

"With Pergo we can cover the total U.S. area excellently," said
Pfleiderer CEO Hans Overdiek.  "Since the beginning of last year
we've been looking for a production site in the south of the
U.S.  We already produce in Canada, in Montreal."  Demand for
laminate floors may rise by 10% a year in the U.S., he added.

                         About Pfleiderer

Headquartered in Neumarkt, Germany, Pfleiderer AG --
http://www.pfleiderer.com/-- manufactures engineered woods and
infrastructure products through its subsidiaries.  The Company
produces wood-based panels for furniture and interior fittings,
track systems for urban and intercity rail networks, and a range
of poles and towers for energy and commercial infrastructures.

                          *     *     *

In a TCR-Europe report on Jan. 18, Fitch Ratings said that
Germany-based Pfleiderer AG's Issuer Default rating of BB and
Short-term rating of B are not affected by the group's takeover
bid for Sweden-based Pergo AB.  The rating Outlook remains
Positive.


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


BETSCHART BAU: Creditors' Liquidation Claims Due February 9
-----------------------------------------------------------
Creditors of LLC Betschart Bau have until Feb. 9 to submit their
claims to:

         LLC Betschart Bau
         Liquidator
         Zelglistrasse 6
         8956 Killwangen
         Aargau
         Switzerland

The Debtor can be reached at:

         LLC Betschart Bau
         Zelglistrasse 6
         8956 Killwangen
         Aargau
         Switzerland


EDELFLOR JSC: Thurgau Court Starts Bankruptcy Proceedings
---------------------------------------------------------
The Bankruptcy Court of Thurgau commenced bankruptcy proceedings
against JSC Edelflor on Dec. 11, 2006.  The last date of
submitting claims by proceedings is on Feb. 8.

The Debtor can be reached at:

         JSC Edelflor
         Bahnhofstrasse 1
         8572 Berg TG
         Switzerland

The Bankruptcy Service of Thurgau can be reached at:

         Bankruptcy Service Thurgau
         8510 Frauenfeld
         Switzerland


FISCHER PLATTEN: Creditors' Liquidation Claims Due February 9
-------------------------------------------------------------
Creditors of LLC Fischer Platten have until Feb. 9 to submit
their claims to:

         Juerg Fischer
         Liquidator
         Beatenbergstr. 4
         post box:  406
         3800 Unterseen
         Berne
         Switzerland

The Debtor can be reached at:

         LLC Fischer Platten
         Interlaken
         Berne
         Switzerland


GAU UND UMGEBUNG: Creditors' Liquidation Claims Due February 8
--------------------------------------------------------------
Creditors of Gau und Umgebung have until Feb. 8 to submit their
claims to:

         Anton Kissling
         Liquidator
         Hintere Gasse 8
         4628 Wolfwil
         Gau
         Solothurn
         Switzerland

The Debtor can be reached at:

         Gau und Umgebung
         Egerkingen
         Solothurn
         Switzerland


GREEN GRASS: Berne Court Closes Bankruptcy Proceedings
------------------------------------------------------
The Bankruptcy Court of Berne entered Dec. 11, 2006, an order
closing the bankruptcy proceedings of LLC Green Grass
Dienstleistung.

The Debtor can be reached at:

         LLC Green Grass Dienstleistung
         Postgasse 8
         3042 Ortschwaben
         Switzerland

The Bankruptcy Service of Berne can be reached at:

         Bankruptcy Service of Berne
         Office Seeland
         2501 Biel/Bienne
         Berne
         Switzerland


GWIDO HOLDING: Creditors' Liquidation Claims Due February 12
------------------------------------------------------------
Creditors of JSC Gwido Holding have until Feb. 12 to submit
their claims to:

         JSC Treyer
         Liquidator
         Lautengartenstr. 14
         4052 Basel
         Switzerland

The Debtor can be reached at:

         JSC Gwido Holding
         Basel
         Switzerland


KENTEX JSC: Court Closes Bankruptcy Proceedings
-----------------------------------------------
The Banking Commission of the Swiss Confederation entered
Dec. 8, 2006, an order closing the bankruptcy proceedings of JSC
Kentex.

The Debtor can be reached at:

         JSC Kentex
         Bosch 80A
         6331 Hunenberg
         Zug
         Switzerland

The Banking Commission of the Swiss Confederation can be reached
at:

         Banking Commission of the Swiss Confederation
         3001 Berne
         Switzerland


MTS TECHNIK: Creditors' Liquidation Claims Due February 9
---------------------------------------------------------
The creditors of LLC MTS Technik have until Feb. 9 to submit
their claims to:

         Rudolf H. Graf
         Liquidator
         Alpsteinstrasse 9
         9030 Abtwil
         Aargau
         Switzerland

The Debtor can be reached at:

         LLC MTS Technik
         Gaiserwald
         St. Gallen
         Switzerland


OPTRON JSC: Creditors' Liquidation Claims Due February 12
---------------------------------------------------------
The creditors of JSC Optron have until Feb. 12 to submit their
claims to:

         JSC Administra
         Liquidator
         Allmeindstrasse 17
         8840 Einsiedeln
         Schwyz
         Switzerland

The Debtor can be reached at:

         JSC Optron
         Feusisberg
         Hofe
         Schwyz
         Switzerland


PHM MANAGEMENT: Thurgau Court Closes Bankruptcy Proceedings
-----------------------------------------------------------
The Bankruptcy Court of Thurgau entered Dec. 18, 2006, an order
closing the bankruptcy proceedings of JSC PHM Management.

The Debtor can be reached at:

         JSC PHM Management
         Walkestr. 101
         8570 Weinfelden
         Thurgau
         Switzerland

The Bankruptcy Service of Thurgau can be reached at:

         Bankruptcy Service of Thurgau
         8510 Frauenfeld
         Thurgau
         Switzerland


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


ALFA-PIK LLC: Claims Submission Deadline Set February 10
--------------------------------------------------------
Creditors of LLC Science-Industrial Enterprise Alfa-Pik (code
EDRPOU 13632026) have until Feb. 10 to submit written proofs of
claim to:

         M. Vereschaka,
         Konstantin Velikiy Str. 16
         69002 Zaporozhje Region
         Ukraine

The Economic Court of Zaporozhje Region commenced bankruptcy
proceedings against the company on Dec. 25, 2006, after finding
it insolvent.  The case is docketed under Case No. 25/128/06.

The Economic Court of Zaporozhje Region is located at:

         Shaumiana Str. 4
         69001 Zaporizhje Region
         Ukraine

The Debtor can be reached at:

         LLC Science-Industrial Enterprise Alfa-Pik
         P.O. Box 5191
         Geroev Stalingrada Str. 48/220
         49002 Zaporozhje Region
         Ukraine


BANK VIDRODZHENNYA: Court Names Svetlana Klimenko as Liquidator
---------------------------------------------------------------
The Arbitration Court of Kiev Region has appointed Svetlana
Klimenko as Liquidator for Bank Vidrodzhennya.

The Economic Court of Kiev Region is located at:

         B. Hmelnitskij Boulevard 44-B
         01030 Kiev Region
         Ukraine


FIRST UKRAINIAN: Moody's Puts B2 Ratings with Stable Outlook
------------------------------------------------------------
Moody's Investors Service, Inc. assigned these global scale
ratings to CJSC First Ukrainian International Bank:

   -- B2 long-term and Not Prime short-term local and foreign
      currency deposit ratings;

   -- B2 long-term foreign currency debt rating; and

   -- E+ financial strength rating.

Moody's also assigned an A1.ua long-term national scale rating
to FUIB.  The bank's global scale ratings carry a stable
outlook, while the NSR carries no specific outlook.

According to Moody's, the bank's B2/Not Prime global scale local
currency ratings reflect its global default and loss expectation
and are not constrained by any foreign currency transfer risk,
while the A1.ua national scale rating reflects the standing of
the bank's credit quality relative to its domestic peers.

FUIB's B2/NP/E+ ratings are underpinned by its relatively long
track record of cooperation with both multilateral financial
institutions and western commercial banks, which, in Moody's
view, supports FUIB's foothold in the Ukrainian corporate
banking sector and benefits its franchise strength.  The ratings
also reflect the bank's relatively conservative risk appetite,
compared to many Ukrainian peers, as reflected in its
historically low level of non-performing loans and reasonable
asset quality as well as its relatively developed risk
management procedures and a corporate governance structure that
is better than that of many of its peers.  In addition, FUIB's
ratings reflect its adequate liquidity and good capital
management, in part reflected in the target Basel capital
adequacy ratio of a sound 19%.

However, the bank's ratings are constrained by its partial
reliance for funding on the SCM group, FUIB's shareholder, which
also controls its sister bank (Dongorbank -- DGB) and a number
of industrial assets in Ukraine, and by its persistent
concentration of business within the highly competitive
corporate sector in Ukraine.  Other factors constraining the
ratings include:

   (i) the high levels of single-name concentrations on both
       sides of the balance sheet,

  (ii) a track record of modest profitability, and

(iii) Moody's concerns that DGB, which is financially weaker,
       represents some degree of contingent liability where FUIB
       could be brought to extend support to its sister bank in
       case of need.

The bank's B2/Not Prime long- and short-term local and foreign
currency deposit ratings are directly linked to its FSR and do
not incorporate any element of government support, given its low
importance for the Ukrainian banking sector and economy.
Support from the SCM group is possible, as was reflected during
December 2004 mini-crisis when the bank received liquidity
support from the SCM group and recent capital injections.
Moody's explained that, although parental support cannot be
completely ruled out, there is not sufficient certainty about
the timeliness and extent of such support to allow it to enhance
the bank's deposit ratings above the level commensurate with its
intrinsic financial strength; such support is therefore imputed
in the bank's B2 deposit rating only to a limited extent.  The
rating agency also views Mr. Akhmetov's status as a politically
connected person as giving rise to a host of potential political
risks for FUIB.

If the bank successfully executes its strategy to diversify its
business into the retail and SME sector, this could have
positive rating implications, provided it is supported by an
improvement in financial fundamentals.  In addition,
diversification of funding away from related-parties as well as
further improvements in corporate governance procedures and
further institutionalization could also exert upward pressure on
the ratings.  Conversely, any significant asset quality and/or
liquidity problems or a rise in the level of related-party
transactions would have negative rating implications.  The FSR
presents little downside potential in the near term.

Moody's has also assigned a B2 long-term foreign currency debt
rating to the upcoming issue of Loan Participation Notes to be
issued by Standard Bank Plc (U.K.) on a limited recourse basis
for the sole purpose of funding a senior unsecured loan to FUIB.
The outlook for the rating is also stable.

Moody's understands that the underlying loan agreement according
to which the proceeds from the Eurobond issuance will be on-lent
by Standard Bank Plc (U.K.) to FUIB contains a set of covenants
such as negative pledge, cross default, maintenance of capital
adequacy, limitations on mergers, disposals, transactions with
affiliates and restricted payments.  The rating agency notes
that, while the likelihood of any of the above covenants being
triggered is relatively low, if such were to occur, it could
potentially have adverse liquidity implications for the bank and
might exert severe downward pressure on its ratings.

Moody's cautions that the transaction also has an embedded
rating trigger whereby the notes will become payable if, during
the six months following a change of control of FUIB, the
outlook on its ratings is changed to negative or if the ratings
themselves are downgraded or withdrawn. If the noteholders' put
option were to be exercised, this could result in a need to
repay a sizeable obligation, thus putting a burden on the bank's
financial resources.

With dual head offices in Kiev and Donetsk, Eastern Ukraine, an
industrial area, FUIB reported total consolidated assets of
US$945.5 million and total equity of US$179.5 million under IFRS
as of Sept. 30, 2006, and ranked 15th by total assets in the
country at end-November 2006.  The bank is part of the SCM
group, a large financial-industrial group owned by Rinat
Akhmetov, a prominent Ukrainian businessman.


FIRST UKRAINIAN: Fitch Assigns B- Rating to Upcoming Eurobond
-------------------------------------------------------------
Fitch Ratings assigned Standard Bank Plc's upcoming loan
participation notes issue an expected Long-term 'B-' rating and
an expected Recovery Rating 'RR4'.

The notes are to be issued for the sole purpose of financing a
loan to First Ukrainian International Bank, rated Issuer Default
'B-', Short-term 'B', Individual 'D', Support '5' and National
Long-term 'BBB(ukr)'. The Outlooks on both the Issuer Default
and the National Long-term ratings are Stable.  The issue's
final ratings are contingent upon receipt of final documentation
conforming materially to information already received.

The terms and conditions of the notes specify that they will
rank at least equally with the claims of other senior unsecured
creditors of FUIB, save those preferred by relevant laws.  Under
Ukrainian bankruptcy law, obligations to individual depositors
and account holders rank above those of other senior unsecured
creditors.  At end-Q306, retail deposits and accounts comprised
22.8% of FUIB's total liabilities, according to the bank's
unaudited IFRS interim financial statements.  Furthermore,
related-party liabilities constitute a significant part of
FUIB's total liabilities.  In Fitch's opinion, this could give
rise to additional risks to noteholders in a default scenario,
albeit not to the extent that these would justify a lower
Recovery Rating than 'RR4' for the current transaction.

Covenants oblige FUIB to maintain a Basel I total capital ratio
of at least 10%, specify that the bank's transactions with
affiliates must be on market terms, limit dividend payments and
stock redemptions to 50% of consolidated annual net profit under
IFRS, and restrict reorganizations including mergers, divisions
and disposals of assets. The terms and conditions of the notes
also contain a cross default clause, triggered by overdue
indebtedness of US$10 million, and a negative pledge clause,
which allows for securitization up to a limit of 15% of gross
loans under IFRS Should any securitization be undertaken, Fitch
comments that the nature and extent of any overcollateralization
would be assessed by the agency for any potential impact on
unsecured creditors.

Noteholders will also enjoy a put option should any change in
control of the bank result in a rating downgrade.

FUIB was the 15th largest bank in Ukraine by assets, as of Sept.
30, 2006.  Historically a corporate bank, FUIB's strategy is to
expand its retail and SME lending.  The bank is 99%-owned by SCM
Finance, the financial sub-holding of SCM, which is among the
largest business groups in Ukraine.  SCM is ultimately
controlled by Rinat Akhmetov, a leading Ukrainian businessman.
SCM also owns Donetsk-based Donghorbank, a medium-sized bank
based in Donetsk, which services SCM's cash flows, and two
insurance companies.


KYIVSTAR GSM: Moody's Lifts Rating to Ba3 on Good Performance
-------------------------------------------------------------
Moody's Investors Service upgraded the ratings of Kyivstar
G.S.M. Joint Stock Company.  The outlook on the ratings is
positive.

The ratings affected are:

   -- Corporate family rating upgraded to Ba3 from B1

   -- US$266-million loan participation notes due 2009 upgraded
      to Ba3 from B1

   -- US$175-million loan participation notes due 2012 upgraded
      to Ba3 from B1

The ratings upgrade reflects:

   (i) the company's ongoing strong financial and operational
       performance;

  (ii) its leading market share in the context of a vigorous
       competitive environment;

(iii) the company's free cash flow generation on the first nine
       month basis in 2006; and

  (iv) Kyivstar's modest leverage of approximately 0.5x Total
       Debt to reported EBITDA on a nine month annualized basis.

At the same time Moody's notes the unresolved shareholder
disputes between Alfa Group and Telenor ASA.  As a result, the
Ba3 rating reflects a degree of near term uncertainty associated
with the company's financial policies, particularly with regards
potential shareholder distributions.  As of Sept. 30, 2006,
Kyivstar had approximately US$473.1 million in cash and cash
equivalents and was free cash flow positive.  The rating also
takes into account the impact of a vigorous competitive
environment.

The positive outlook on the ratings relies on Moody's
expectation of the company's continued robust operational and
financial performance.  The positive outlook is further
supported by the agency's expectations of the company's
maintenance of its existing conservative financial policy
notwithstanding limited visibility regarding potential
shareholder distributions.

                 What Could Change the Rating Up

Increased visibility as regards medium term financial policies
in combination with conservative leverage parameters supported
by the elimination of the uncertainties that have been raised by
the shareholder disputes

               What Could Change the Rating Down

Material debt -- financed shareholder distributions with
leverage rising above 2x Total Debt to EBITDA or a change in the
ownership structure in combination with the introduction of
aggressive financial policies

Headquartered in Kyiv, Ukraine, Kyivstar is the largest mobile
telecommunications operator in Ukraine.  In the first nine month
of 2006, Kyivstar generated revenue of US$1,233 million and
reported EBITDA of US$752 million.


MAGNETIC MEDIA: Creditors Must Submit Claims by February 11
-----------------------------------------------------------
Creditors of OJSC Research Institute of Magnetic Media (code
EDRPOU 00209875) have until Feb. 11 to submit written proofs of
claim to:

         Tatiana Nagorneva, Temporary Insolvency Manager
         Gagarin Str. 2
         Sumy Region
         Ukraine
         Tel: (0542) 22-14-06

The Economic Court of Sumy Region commenced bankruptcy
supervision procedure on the company on Dec. 6, 2006.  The case
is docketed under Case No. 6/156-06.

The Economic Court of Sumy Region is located at:

         Shevchenko Avenue 18/1
         40030 Sumy Region
         Ukraine

The Debtor can be reached at:

         OJSC Research Institute of Magnetic Media
         Gagarin Str. 1
         Shostka
         41100 Sumy Region
         Ukraine


RAYKOVCY LLC: Creditors Must Submit Claims by February 14
---------------------------------------------------------
Creditors of Agricultural LLC Raykovcy (code EDRPOU 05575583)
have until Feb. 14 to submit written proofs of claim to:

         Sergey Shyshkin, Temporary Insolvency Manager
         Institutskaya Str. 17/3
         29000 Hmelnitskiy Region
         Ukraine

The Economic Court of Hmelnitskiy Region commenced bankruptcy
supervision procedure on the company.   The case is docketed
under Case No. 13/186-B.

The Economic Court of Hmelnitskij Region is located at:

         Nezalezhnosti Square 1
         29000 Hmelnitskij Region
         Ukraine

The Debtor can be reached at:

         Agricultural LLC Raykovcy
         Raykovcy
         31300 Hmelnitskij Region
         Ukraine


VARIANT LLC: Creditors Must Submit Claims by February 11
--------------------------------------------------------
Creditors of LLC Specialized Center of Technical Service Variant
(code EDRPOU 25013759) have until Feb. 11 to submit written
proofs of claim to:

         I. Morozov, Temporary Insolvency Manager
         P.O. Box 2734
         49044 Dnipropetrovsk Region
         Ukraine
         Tel: (056) 770-27-40

The Economic Court of Dnipropetrovsk Region commenced bankruptcy
supervision procedure on the company on Dec. 26, 2006.  The case
is docketed under Case No. B 24/405-06.

The Economic Court of Dnipropetrovsk Region is located at:

         Kujbishev Str. 1a
         49600 Dnipropetrovsk Region
         Ukraine

The Debtor can be reached at:

         LLC Specialized Center of Technical Service Variant
         Gogol Str. 20
         49044 Dnipropetrovsk Region
         Ukraine


VIDRODZHENNYA JSCB: Creditors Must Submit Claims by February 11
---------------------------------------------------------------
Creditors of have until Feb. 11 to submit written proofs of
claim to:

         Svetlana Klimenko, Insolvency Manager
         P.O. Box 42
         03035 Kiev Region
         Ukraine
         Tel: 8 (044)592-75-41

The Economic Court of Kiev Region has renewed bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. 15/07.

The Economic Court of Kiev Region is located at:

         B. Hmelnitskij Boulevard 44-B
         01030 Kiev Region
         Ukraine

The Debtor can be reached at:

         JSCB Vidrodzhennya
         M. Kociubinskiy Str. 7a
         252030 Kiev Region
         Ukraine


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


A & C PUMPS: Appoints Joint Administrators from PKF
---------------------------------------------------
P. L. Armstrong and C. J. Latos of PKF (U.K.) LLP were appointed
joint administrators of A & C Pumps Ltd. (Company Number
03949794) on Jan. 12.

PKF (U.K.) LLP -- http://www.pkf.co.uk/-- specializes in
advising the management of developing private and public
businesses.  Its principal services include assurance &
advisory; corporate finance; corporate recovery & insolvency;
forensic; management consultancy and taxation.  It also offers
financial services through its FSA authorized company, PKF
Financial Planning Ltd.

A & C Pumps Ltd. can be reached at:

         Unit 15
         New Dover Road
         Barton Business Park
         Canterbury
         Kent CT1 3AA
         United Kingdom
         Tel: 01227 785 785
         Fax: 01227 785 888


AEROBOX PLC: Files for Chapter 11 Protection in New Mexico
----------------------------------------------------------
AeroBox Composite Structures LLC, the main operating subsidiary
of AeroBox Plc, filed a chapter 11 petition in the U.S.
Bankruptcy Court for the District of New Mexico on Jan. 23.

Under the terms of the petition, ACS is being funded by its
previously secured lender Laurus Master Fund.

In view of this event the prospects of any returns for
shareholders of ARX are likely to be minimal.

The Board of ARX continues to examine options for ARX and will
make further announcements when appropriate.

As reported in the TCR-Europe on Sept. 19, 2006, AeroBox Plc
suspended the trading of its shares on the AIM market of the
London Stock Exchange on Sept. 15, pending clarification of the
company's financial position.

The company's directors had disclosed that the company's funding
options have been exhausted and with limited cash resources, the
Board has requested an immediate suspension of trading in the
company's shares in order to seek the best possible outcome for
all shareholders.

                       About the Company

Headquartered in London, United Kingdom, Aerobox Plc --
http://www.aeroboxPlc.com/-- acts as a holding company and has
traded on the AIM market of the London Stock Exchange.  It has
one 100% owned subsidiary-Aerobox Composite Structures LLC (fka
Aerospace Composite Structures LLC) that was formed in September
1998 in Albuquerque, New Mexico, USA, to exploit composites
technology and was acquired by Aerobox Plc in March 2003.


AEROBOX COMPOSITE: Case Summary & 27 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Aerobox Composite Structures LLC
        fka Aerospace Composite Structures LLC
        4321 B Fulcrum Way Northeast
        Rio Rancho, NM 87144
        Tel: (505) 332-7709

Bankruptcy Case No.: 07-10138

Type of Business: Aerobox Composite Structures LLC and Aerobox
                  Plc, its holding company, manufacture and
                  market robust metal containers for use in the
                  cargo hold of commercial airliners.  Their
                  'Aeroplaz' container uses composite material
                  for panel production that overcomes the
                  drawbacks of the conventional products while
                  providing increased robustness, improved
                  repair-ability, and reduced life cycle costs.
                  See http://www.acsusa.net/

Chapter 11 Petition Date: January 23, 2007

Court: District of New Mexico

Judge: Mark McFeeley

Debtor's Counsel: Peter Lubitz, Esq.
                  Schiff Hardin LLP
                  623 5th Avenue
                  New York, NY 10022
                  Tel: (212) 745-0817
                  Fax: (212) 753-5044

Estimated Assets: US$1 Million to US$100 Million

Estimated Debts:  US$1 Million to US$100 Million

Debtor's 27 Largest Unsecured Creditors:

   Entity                         Nature of Claim   Claim Amount
   ------                         ---------------   ------------
Alcoa Engineered Products         Trade Debt            $331,803
6833 West Willis Road
Chandler, AZ 85226
Tel: (520) 796-1098

Butler International Inc.         Trade Debt            $260,301
P.O. Box 85488
Charlotte, NC 282065
Tel: (505) 883-2700
c/o Terry O'Brien

Alcoa Milled Products             Trade Debt            $186,018
Department LA 21264
Pasadena, CA 91185-1264
Tel: (626) 398-3504

Eagle Global Logistics            Trade Debt            $153,338
P.O. Box 844650
Dallas, TX 75284-4650
Tel: (214) 242-8000
c/o Jon E. Pickett

Wells Fargo Bank                                        $100,790
P.O. Box 348750
Sacramento, CA

Euro-Projects (LTTC) Ltd.                                $90,598

Estex Manufacturing Company       Trade Debt             $79,941

Ashland Distribution Company      Trade Debt             $45,280

Profile Precision Extrusions      Trade Debt             $37,150

Seyfarth Shaw LLP                 Loan Fee               $35,846

Excel Staffing Company            Trade Debt             $34,472

The Tricont Company               Trade Debt             $29,083

Accounting Principals             Trade Debt             $27,917

Schiff Hardin LLP                                        $26,780

ABF Freight System                Trade Debt             $21,360

Aircraft Hardware West, Inc.                             $20,974

Keleher & McLeod, P.A.                                   $20,579

EBS Group                                                $18,930

Lofthouse                                                $17,885

Welch Equipment Company                                  $16,054

Desert Machine                                           $14,720

Aluminum Precision Oxnard                                $10,215

Werner Enterprises, Inc.                                 $10,187

DGI Supply A DoAll Company                                $8,735

MSI                                                       $8,500

A-1 Boiler Service                                        $8,207

Associated Global                                         $8,153


BRITISH AIRWAYS: Cabin Crew Union Cancels Strike Action
-------------------------------------------------------
The Transport and General Workers' Union, representing 11,000
cabin crew employees of British Airways Plc, has called off its
scheduled strike action today, Jan. 30, and Wednesday after
negotiations resulted in an agreement that ended the two-tier
wage structure in the company, Tracy Alloway and Chad Thomas
write for Bloomberg News.

According to the report, the airline agreed to increase the top
base pay of its flight attendants hired after 1997 to GBP19,418
a year from GBP15,748.

The workers will receive the 4.6% wage increase this year and
the rate of inflation in the second year, The Associated Press
says.

BA CEO Willie Walsh said, the agreement "puts in place a system
to regulate how we manage sick leave."

The union has also decided to avert its two other 72-hour
strikes next month.  However, "the decision has come too late to
prevent disruption to the travel plans of tens of thousands of
our customers," Mr. Walsh was quoted by Bloomberg as saying.

"We will endeavor to reinstate as many flights as we can,"
Mr. Walsh added.

As previously reported in the TCR-Europe on Jan. 26, the T&G
agreed to postpone the first 24 hours of a planned three-day
strike to allow more time for further labor negotiations.

The carrier had canceled 1,300 flights in preparation for the
strike.

The union threatened to push through with the strike unless a
dispute over sick leave, pay and staffing is resolved.

As previously disclosed, 96% of T&G union's cabin crew members
voted in favor of a strike action over the airline's proposed
deal that would narrow a GBP2.1-billion pension deficit.

Headquartered in West Drayton, United Kingdom, British Airways
Plc -- http://www.ba.com/-- operates of international and
domestic scheduled and charter air services for the carriage of
passengers, freight and mail, and provides of ancillary
services.  The British Airways group consists of British Airways
Plc and a number of subsidiary companies including in particular
British Airways Holidays Ltd. and British Airways Travel
Shops Ltd.  BA has offices in India and Guatemala.

                        *     *     *

British Airways carry these ratings:

   * Moody's Investors Service:

      -- Long-Term Corporate Family Rating: Ba1
      -- Senior Unsecured Debt: Ba2
      -- Outlook: Negative

   * Standard & Poor's:

      -- Long-Term Foreign Issuer Credit Rating: BB+
      -- Long-Term Local Issuer Credit Rating: BB+


EMI GROUP: Merges Capitol & Virgin Recording Labels
---------------------------------------------------
After a review of EMI Music's American operations, EMI Group PLC
CEO Eric Nicoli disclosed that the company is merging its
Capitol and Virgin labels to form The Capitol Music Group, a
front line pop, rock and urban label group that will comprise
the Capitol and Virgin Records imprints.

Jason Flom has been promoted to lead The Capitol Music Group as
chairman and chief executive officer.  Mr. Flom, who joined EMI
as chairman and chief executive officer of Virgin Records
America in November 2005, reports directly to Nicoli and will
now oversee the combined Capitol and Virgin rosters in the U.S.

"The music business shows exciting growth potential, but the
environment remains extremely challenging," Mr. Nicoli said.
"In order to thrive and meet the demands of a rapidly evolving
and dynamic music market, we must re-think our operations, not
only to make them efficient, but also more effective and focused
on creative excellence.  By bringing Capitol and Virgin into one
label group, we will be better equipped than ever to promote and
nurture artistic talent.  We remain strongly committed to
developing artists in America in all genres as this is a key
repertoire source for the world, and to that end, we will
maintain our A&R focus and keep a presence in both LA and New
York.  This structure will also allow us to further build our
digital capability."

"Jason Flom quickly demonstrated his leadership and artist
development abilities since he has been at Virgin.  I am
confident that he will take us to new levels of success in the
rock, pop and urban genres as leader of the Capitol Music
Group."

Andrew Slater, who has been president and chief executive
officer of Capitol Records in the U.S. since 2001, has stepped
down from his post.

"I would like to thank Andy for his contribution to Capitol and
EMI over the past six years and wish him well in all that he
does in the future," Mr. Nicoli said.

                   Restructuring Program

The formation of the combined U.S. label group is part of EMI
Group's recently announced restructuring program, designed to
deliver GBP110 million (US$217 million) in annual savings across
its business.

Bruce Lundvall, president and CEO of The Blue Note Label Group,
will continue to report directly to Mr. Nicoli, as will EMI
Music North America Chief Operating Officer Ivan Gavin and EMI
Music North America Chief Financial Officer Colin Finkelstein.

EMI Music Marketing President Ronn Werre, Capitol Nashville
President and CEO Mike Dungan, EMI Christian Music Group
Chairman/CEO & President Bill Hearn and Caroline Distribution
General Manager/SVP Bill Hein will all continue to report to
Ivan Gavin.

"The combined Capitol Music Group under Jason Flom will become
part of a portfolio of labels that position us to be best-of-
class in all genres in the U.S. market:  the new Capitol Music
Group, our very successful Capitol Nashville label, the
market-leading EMI Christian Music Group, The Blue Note Label
Group aimed at the adult music buyer, our U.S. Latin label EMI
Televisa Music, EMM's terrific catalog business and Caroline as
a full service distribution and marketing arm for the
independent label area," Mr. Nicoli said.

                           About EMI

Headquartered in London, United Kingdom, EMI Group PLC --
http://www.emigroup.com/-- is the world's largest independent
music company, operating directly in 50 countries and with
licensees in a further 20.  The group has operations in Brazil,
China, and Hungary.  The group employs over 6,600 people.
Revenues in 2005 were near EUR2 billion and operating profit
generated was over EUR225 million.

At March 31, 2006, EMI Group's consolidated balance sheet
revealed GBP1.817 billion in total assets, GBP2.544 billion in
total liabilities and GBP726.6 million in shareholders' deficit.

                            *   *   *

According to a TCR-Europe report published Jan. 17, Moody's
Investors Service downgraded EMI Group Plc's Corporate Family
and senior debt ratings to Ba3 from Ba2.  All ratings remain
under review for possible further downgrade.

As reported in the TCR-Europe on Dec. 19, 2006, Standard &
Poor's Ratings Services affirmed its 'BB/B' long- and short-term
corporate credit and 'BB' senior unsecured debt ratings on U.K.-
based music major EMI Group PLC.

The long-term and debt ratings were removed from CreditWatch,
where they had been placed with negative implications on Nov.
28, 2006, when the group reported a takeover approach.  The
outlook is negative.


ENRON CAPITAL: Creditors' Meeting Slated for February 27
--------------------------------------------------------
The High Court of Justice requested all creditors of Enron
Capital & Trade Resources Ltd. to attend, either in person or by
proxy, the creditors' meeting at 10:00 a.m. on Feb. 27 at:

         Linklaters
         One Silk Street
         London EC2Y 8HQ
         United Kingdom

The purpose of the creditors' meeting will be to consider and to
approve a scheme of arrangement made between the Debtor and its
creditors.

A copy of the said scheme of arrangement and of the Explanatory
Statement required to be furnished pursuant to Section 426 of
the Companies Act 1985 and the form of proxy and claim form for
use at the Meeting may be obtained by contacting the
administrators at:

         PricewaterhouseCoopers LLP
         Attn: Tony Kett or Lisa Quail
         Plumtree Court
         London EC4A 4HT
         United Kingdom

or the Solicitors:

         Linklaters
         Attn: Sarah Gosden
         One Silk Street
         London EC2Y 8HQ
         United Kingdom

Creditors are given until noon on Feb. 26, to submit completed
Proxy and Voting Form at the same address.

The court appointed Steven Anthony Pearson to act as chairman of
the meeting and has directed him to report the result thereof to
the Court.

If approved by the creditors, the Scheme will be subject to the
sanction of the Court.  All creditors are entitled to attend the
court hearing in person or through counsel to support or oppose
the sanctioning of the Scheme.

A court hearing will be held on March 20 at:

         The Royal Court of Justice
         Strand
         London WC2A 2LL
         United Kingdom

If the court approves the scheme of arrangement, creditors must
notify the administrators and scheme supervisors of their
claims, following the effective date, in order to be entitled to
receive distributions under the said scheme of arrangement.

The Scheme Supervisors will notify scheme creditors; those
persons claiming to be scheme creditors; and persons whom the
scheme supervisors and administrators believe may be scheme
creditors, by notice in writing of the exact date of the Bar
Date as soon as practicable after the Court's unconditional
approval of the scheme arrangement is obtained.


FARRINGDON MORTGAGES: Reserve Draws Cue S&P to Affirm Ratings
-------------------------------------------------------------
Standard & Poor's Ratings Services said that it has removed from
CreditWatch with negative implications and affirmed its rating
on the class B2a notes issued by Farringdon Mortgages No. 2 PLC.
At the same time, the ratings on all other classes of notes and
the MERCS were affirmed.

These rating actions follow a full credit and cash flow analysis
of the most recent transaction information received by Standard
& Poor's, including up-to-date loan-level data for January 2007.

The class B2a notes in Farringdon 2 were put on CreditWatch
negative on Nov. 21, 2006, following a reserve draw of
GBP53,555, 2.51% of the opening quarter balance of GBP2,134,384.
On the January interest payment, the transaction has for the
second time drawn on its reserve, taking GBP216,485 from a
reserve of GBP2,080,829.

The reserve fund was sized at GBP1.2 million at closing, and has
previously been building through the trapping of excess spread
toward the required amount of GBP4.44 million.  The reserve
currently stands at GBP1,864,344.

"Despite the drawings on the reserve, our analysis shows that
there is currently sufficient credit enhancement and liquidity
support available in the transaction to support the ratings
assigned at closing," said credit analyst Kate Livesey.

Ms. Livesey continued: "However, given the arrears and
repossession position of this transaction, more reserve draws
are expected on the coming payment dates.  If Farringdon 2
continues to draw on its reserve to the same extent, all
other things being equal, there is an increased likelihood of a
negative rating action in the future."

The transaction benefits from an increase in available credit
enhancement as it pays down.  Since closing, relative credit
enhancement has increased by 1.31x at the 'AAA' level, 1.18x at
'A', 1.43x at 'BBB', and 2.00x at 'BB'.

The reserve draws are primarily due to high levels of losses and
in particular high loss severities on several properties.
Rooftop Mortgages has been working with Crown Mortgage
Management on improving arrears and implementing loss-mitigation
tactics.  This has had the effect of crystallizing losses
earlier than in the Farringdon No. 1 PLC transaction, as heavy
arrears cases are being taken into repossession and brought to
sale earlier.

Repossessions were reported to be GBP3,335,898 on 27 properties
this quarter, 2.16% of the outstanding balance of the notes.
The weighted-average LTV ratio of these loans is 85.83%.
Cumulative repossessions are GBP6,589,423 on 50 properties,
3.29% of the original balance.

Total realized losses this payment period were GBP333,456 from
eight properties.  Cumulative losses to date are GBP633,375 from
21 properties.  The servicer, Crown Mortgage Management Ltd., is
actively pursuing insurance and negligence claims of GBP274,000
on the three loans that suffered the highest shortfall.  The
average loss severity on these three loans is 42.48%, with the
largest individual loss severity at 58.69%.  According to
Rooftop Mortgages, no patterns have emerged pointing to one
region or one counterparty being at fault regarding these high
loss severities.

The underlying collateral is displaying levels of arrears and
repossessions generally higher than other U.K. nonconforming
transactions of similar seasoning.  Total arrears are reported
to be 27.72% this quarter, with 90+ day delinquencies at 13.89%.
However, the presence of a higher proportion of lower credit
quality mortgages than most other nonconforming transactions was
reflected in higher than average initial levels of credit
enhancement.

Of the pool, 35.56% is in the second year of a three-year
stepped discount and yet to revert to a floating rate.
Farringdon 2 had a discount reserve to cover the decrease in
margin on the discounted loans for the first year; this has now
been fully used.  Given the recent interest rate hikes, it is
likely that the transaction may suffer from some payment shock
as borrowers roll off their "teaser" rates into a higher
interest rate environment.

The presence of the detachable A coupons in the structure
increases the likelihood of reserve draws.  These DACs have a
coupon of 2.13% based on the notional balance of the class A
notes and remain outstanding for the life of the class A notes.
The payment on the DACs, coupled with the arrears and loss
position, has reduced the amount of excess spread available to
build the reserve, and in the case of the October and January
IPD, cover losses.

However, prepayments in Farringdon 2 rose to 31.91% this
quarter; this will reduce the payments on the DACs as the
transaction pays down sequentially.

The reserve draws can be compared to the two previous reserve
draws from Farringdon Mortgages No. 1, the first Rooftop
Mortgages Ltd. transaction.  On the April and July interest
payment dates in 2006, Farringdon No. 1 drew 15.76% and 8.37%,
respectively, of the available reserve.  Standard & Poor's
affirmed the ratings on the Farringdon 1 transaction on July 20,
2006.  The reserve in Farringdon 1 was topped up on the January
IPD by GBP237,648 in excess spread, bringing the reserve to
GBP1,502,140.  Combined with credits to the reserve over the
last two quarters, the reserve has now surpassed the total
amount drawn from the reserve of GBP312,871.


FARRINGDON MORTGAGES: Fitch Keeps Class B2a Notes on Watch Neg.
---------------------------------------------------------------
Fitch Ratings maintained Farringdon Mortgages No. 2 Plc's Class
B2a notes on Rating Watch Negative.  At the same time, the
agency has affirmed Classes M2a and B1a removed them from RWN.
The remaining outstanding tranches are also affirmed.

All tranches of Farringdon Mortgages No. 1 Plc have also been
affirmed.  Both transactions are backed by loans originated by
Rooftop Mortgages Ltd, a subsidiary of Bear Stearns Companies
Inc., and have been the subject of a renewed full loan-by-loan
and cash flow analysis.

The rating actions are:

FM1:

   -- GBP47.74 million Class A2a and A2a detachable coupons
      affirmed at 'AAA';

   -- GBP17.5 million Class M2a affirmed at 'A-';

   -- GBP4.38 million Class B1a affirmed at 'BBB-';

   -- GBP3.13 million Class B2a affirmed at 'B';

   -- MERCS affirmed at 'AAA'; and

   -- Class A1a and A1a DAC paid in full in January 2007

FM2:

   -- GBP34.84 million Class A1a and A1a DAC affirmed at 'AAA';
   -- GBP84 million Class A2a and A2a DAC affirmed at 'AAA';
   -- GBP23.5 million Class M2a affirmed at 'A'; off RWN;
   -- GBP7.4 million Class B1a affirmed at 'BBB'; off RWN;
   -- GBP5.1 million Class B2a 'BB'; remains on RWN; and
   -- MERCS affirmed at 'AAA'

Following the second reserve fund draw in FM2 on the January
interest payment date, Fitch has remodelled both transactions.
The remodelling exercise shows that credit enhancement is
sufficient to support the ratings of all tranches at their
current levels.  However, Fitch notes FM2 remains likely to
continue drawing on its reserve fund.  Consequently, the Class
B2a notes are more vulnerable to downgrade should there be
significant increases in arrears and loss levels.

The reserve fund draw in FM2 that took place on the January IPD
amounted to GBP216,485, 10.14% of the maximum balance reached by
the reserve fund to date.  The reserve fund currently represents
0.93% of the initial note balance, compared to 0.6% at closing
and a target level of 2.2% of the initial balance.  Excess
spread in the transaction is reduced substantially due to the
presence of the DACs, which are linked to the Class A notes and
pay 2.13% of the principal amount outstanding on these notes.
In addition, the reserve for discounted loans was only partially
funded for the first year and has now been fully utilized, so
will now no longer contribute to available excess spread.

Fitch conducted a full loan-by-loan analysis on the sold
repossessions to assess individual loss severities, which were
significantly higher in the latest quarter than those seen in
the quarter before.  Additional data provided to Fitch by RML,
show the weighted average loss severity on sold repossessions
increased to 19.29% in January 2007 from 16.8% in October 2006.
These averages are also significantly higher than those seen in
FM1, 10.6% in January 2007 and 10.01% in October 2006.

According to the data provided by RML, there are 23 loans that
have been sold via repossession in FM2.  Out of these loans, 19
have realized a loss.  In line with previous analysis on the
repossession data, higher loss severities have been experienced
predominantly in London and its surrounding areas, with 11 of
the 19 loans realizing a loss being located in this region.  As
expected, the largest loss severities are at the higher end of
the LTV bracket, with all 19 properties having realized a loss
having LTVs in excess of 85%.  Average loss severities are below
loss severity assumptions for the lowest rated note category of
'BB'.

In FM2, there remains a further 30 properties in possession
awaiting possible progression to sale.  These have a WA LTV of
84.59% and 52.28% are located in and around London.  Given this,
Fitch expects the loss severities to remain high.  However the
high annualized principal payment rate in the last quarter of
32.08% has had a positive impact on the available excess spread
to all classes.  This positive trend mitigates the impact of the
reserve fund draw and therefore despite the drawing this quarter
the percentage of credit enhancement has improved for all
classes, except the B2a.

FM1 has experienced slight pick up in arrears levels this
quarter to 21.26% from 19.44%.  With only 3.59% of borrowers
remaining on teaser rate loans, this increase could be a sign of
stretched affordability at the higher loan rate for those
borrowers that remain in the pool.  Additionally, the recent
interest rate rises could further exacerbate the position.
Nevertheless, the reserve fund was replenished further this
quarter by GBP237,648, which now brings the reserve fund level
to 1.20% of the initial note balance versus the target level of
4.20%.

The Class A1a paid in full in this quarter, which has had a
positive impact on deleveraging the deal and building levels of
credit enhancement, as well as mitigating the impact of the high
DAC rate of 2.59%.  Additionally, the A1a DAC has matured, so
with only the presence of the Class A2a DAC, more excess spread
should be available.

Cumulative WALS in FM1 has been increasing at a slower pace.
WALS on sold repossessions increased marginally to 10.60% this
quarter from 10.01% in the October period.  The impact of
prepayment on this transaction has also had a positive effect
and further downgrades now seem unlikely.


FIMBANK: Weak Capitalization Cues Fitch to Affirm IDR at BB
-----------------------------------------------------------
Fitch Ratings affirmed Malta-based Fimbank's ratings at Issuer
Default 'BB' with a Stable Outlook, Short-term 'B', Individual
'D' and Support '5'.

The ratings reflect FIM's clear strategy, backed by the
expertise of a good management, its focus on trade finance
business, adequate asset quality and fast improving
profitability.  At the same time they also take into
consideration its small size and weakening capitalization in a
context of increasing exposure to credit and operational risk in
emerging economies.

The results for 2005 and for the first six months of 2006 show a
clear trend of increasing profitability, with subsidiary London
Forfaiting Company contributing satisfactorily to operating
profit.  International factoring joint ventures, in which FIM
has a participation, also add to operating profitability.
Efficiency is improving as shown by its decreasing cost/income
ratio to 69% in June-2006 from 81.5% at end-2005.  Fitch expects
FIM's profitability to continue to grow and support internal
capital generation.

Asset quality is adequate.  Gross impaired lending remained
stable during H106 at around US$14 million; loan impairment
allowances were a good 96%.

During 2006, FIM experienced an exceptionally strong increase in
interbank deposits following new business with banks based in
emerging African markets, a trend which is expected to continue
as new relationships are forged.  The nature of these funds
could generate some volatility, not only in FIM's funding, but
also generalized balance-sheet volatility.  These funds are then
reinvested on the interbank market, avoiding maturity or
currency mismatches, generally on primary OECD investment grade
banks.  Market risk is moderate while liquidity is adequate.

During 2005 and 2006 FIM's capitalization materially weakened
following exceptionally strong growth in risk-weighted on- and
off balance- sheet assets.  Its eligible capital/risk weighted
assets ratio decreased to 15% at end-June 2006, a low level in
light of its risk exposure.  Given that the current level of
internal capital generation is not sufficient to entirely
finance its expected growth, the bank must look externally for
resources.  To support its growth strategy, the Board of
Directors approved plans to increase the bank's capital to
US$100m by end-2007, which Fitch considers achievable.  Fitch
considers strengthening the bank's capital an imperative for FIM
to maintain current rating levels, given its strategy of
expanding into more fragile emerging markets.  Failure to raise
sufficient capital in 2007 would likely put downward pressure on
FIM's ratings and/or Outlook.

Created in 1994 FIM is a small bank specializing in
international trade finance and factoring.  It has interests in
factoring ventures with local operators in emerging economies.
FIM's capital is over 60%-owned by Middle Eastern interests, 7%
by the International Finance Corp., a member of the World Bank
Group, while the balance is publicly listed.


FLEXIBREAKS TRAVEL: Appoints William Antony Batty as Liquidator
---------------------------------------------------------------
William Antony Batty of Antony Batty & Co. was appointed
liquidator of Flexibreaks Travel Service Ltd. on Dec. 19 for the
creditors' voluntary winding-up procedure.

The Liquidator can be reached at:

         Antony Batty & Co.
         Third Floor
         3 Field Court
         G ray's Inn
         London WC1R 5EF
         England


G K CHAWLA: Creditors' Meeting Slated for February 8
----------------------------------------------------
Creditors of G K (Chawla) Ltd. will meet at noon on Feb. 8 at:

         47-49 Green Lane
         Northwood
         Middlesex HA6 3AE
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 7 at the said address.

Ashok Kumar Bhardwaj will furnish creditors with information
concerning the company's affairs free of charge as they may
reasonably require on Feb. 6.

A list of names and addresses of the company's creditors will
also be available for inspection free of charge.


GOODROCK CONSTRUCTION: Creditors' Meeting Slated for February 5
---------------------------------------------------------------
Creditors of Goodrock Construction Ltd. will meet at noon on
Feb. 5 at:

         16 The Avenue
         Eastbourne
         East Sussex BN21 3YD
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 2 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 1.


HAMNETT HAYWARD: Creditors' Meeting Slated for January 24
---------------------------------------------------------
Creditors of Hamnett Hayward Ltd. will meet at 11:00 on
Jan. 24 at:

         Begbies Traynor (South) LLP
         Chiltern House
         24-30 King Street
         Watford WD18 0BP
         United Kingdom

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims at noon on Jan. 23 at:

         P. M. Davis
         Joint Administrative Receiver
         Begbies Traynor (South) LLP
         Chiltern House
         24-30 King Street
         Watford WD18 0BP
         United Kingdom
         Tel: 01923 812900
         Fax: 01923 812999

Begbies Traynor -- http://www.begbies.com/-- assists companies,
creditors, financial institutions and individuals on all aspects
of financial restructuring and corporate recovery.


HEALTHCARE CONSTRUCTIONS: Creditors' Meeting Slated for Feb. 6
--------------------------------------------------------------
Creditors of Healthcare Constructions Ltd. will meet at 11:30
a.m. on Feb. 6 at the offices of:

         Royce Peeling Green Ltd.
         The Copper Room
         Deva Centre
         Trinity Way
         Manchester M3 7BG
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 2 at the said address.


HIGHTRONICS LTD: Creditors' Meeting Slated for February 8
---------------------------------------------------------
Creditors of Hightronics Ltd. will meet at 11:30 a.m. on
Feb. 8 at:

         Maidment Judd
         Verulam House
         110 Luton Road
         Harpenden
         Hertfordshire AL5 3BL

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 7 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge on Feb. 6.


HOLLAND CLARKE: Creditors' Meeting Slated for February 15
---------------------------------------------------------
Creditors of Holland Clarke Consultancy Ltd. will meet at
11:15 a.m. on Feb. 15 at:

         Sussex House
         8-10 Homesdale Road
         Bromley
         Kent BR2 9LZ
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge on Feb. 13.


I W COOPER: Names Mark Jonathan Botwood Liquidator
--------------------------------------------------
Mark Jonathan Botwood of Muras Baker Jones was appointed
liquidator of I W Cooper (Printers) Ltd. on Jan. 16 for the
creditors' voluntary winding-up procedure.

The company can be reached at:

         I W Cooper (Printers) Ltd.
         New Cross Street
         Wednesbury
         West Midlands WS107ST
         England
         Tel: 0121 526 4504
         Fax: 0121 568 6197


ICE COOL: Creditors' Meeting Slated for February 6
--------------------------------------------------
Creditors of Ice Cool Designer Wear Ltd. will meet at 2:30 p.m.
on Feb. 6 at:

         1 Kings Avenue
         Winchmore Hill
         London N21 3NA
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge on Feb. 2.


INTERPARTNERS NETWORK: Creditors' Meeting Slated for February 8
---------------------------------------------------------------
Creditors of Interpartners Network Ltd. will meet at 10:30 a.m.
on Feb. 8 at the offices of:

         ThorntonRones LLP
         First Floor
         167 High Road
         Loughton
         Essex IG10 4LF
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 7 at the said address.

The proxy forms and written statement of claims may also be sent
by fax to 020 8418 9444.

Information concerning the company's affairs will be available
free of charge at the offices of Richard Rones of ThorntonRones
LLP during the period up to the meeting of creditors.


JADES HOME: Creditors' Meeting Scheduled for February 6
-------------------------------------------------------
Creditors of Jades Home Furnishing Ltd. will meet at 10:30 a.m.
on Feb. 6 at:

         Mayfields Insolvency
         Church Steps House
         Queensway
         Halesowen B63 4AB
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 5 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge on Feb. 1.


JDL HOLDINGS: Keith Barry Stout Leads Liquidation Procedure
-----------------------------------------------------------
Keith Barry Stout was appointed liquidator of JDL Holdings Ltd.
on Jan. 15 for the creditors' voluntary winding-up procedure.

The company can be reached at:

         JDL Holdings Ltd.
         340-342 London Road
         Hadleigh
         Benfleet
         Essex SS7 2DD
         England
         Tel: 0845 741 3807


KIKI EUROPE: Creditors' Meeting Scheduled for February 6
--------------------------------------------------------
Creditors of Kiki Europe Ltd. will meet at 10:30 a.m. on Feb. 6
at:

         Arrans
         PO Box 9377
         Leonard House
         Tamworth
         Staffordshire B77 5HL
         England

Robert Gibbons of Arrans will furnish creditors with information
concerning the company's affairs free of charge as they may
reasonably require.


KIOSK LONDON: Creditors' Meeting Slated for January 30
------------------------------------------------------
Creditors of The Kiosk (London) Ltd. will meet at 10:15 a.m. on
Jan. 30 at:

         Marks Bloom
         60-62 Old London Road
         Kingston upon Thames
         Surrey KT2 6QZ
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Jan. 29 at the said address.

Andrew John Whelan of Marks Bloom will furnish creditors with
such information concerning the company's affairs free of charge
as they may reasonably require.


LADY GOLFER: Creditors' Meeting Slated for January 31
-----------------------------------------------------
Creditors of The Lady Golfer Ltd. will meet at 11:30 a.m. on
Jan. 31 at:

         Mazars LLP
         Mazars House
         Gelderd Road
         Gildersome
         Leeds LS27 7JN
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Jan. 30 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Jan. 29.

Mazars -- http://www.mazars.com/-- provides audit, accounting,
tax and advisory services.


LEARNING DESIGN: Creditors' Meeting Scheduled for February 6
------------------------------------------------------------
Creditors of Learning Design Ltd. will meet at 3:15 p.m. on
Feb. 6 at:

         Begbies Traynor (South) LLP
         The Old Exchange
         234 Southchurch Road
         Southend-on-Sea SS1 2EG
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 5 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 2.


LIGMONT LTD: Creditors' Meeting Slated for February 5
-----------------------------------------------------
Creditors of Ligmont Ltd. will meet at 10:15 a.m. on Feb. 5 at
the offices of:

         Turpin Barker Armstrong
         Allen House
         1 Westmead Road
         Sutton
         Surrey SM1 4LA
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 2 at the said address.

Martin Charles Armstrong of Turpin Barker Armstrong will furnish
creditors with such information concerning the company's affairs
as they may reasonably require.

Turpin Barker Armstrong -- http://www.turpinba.co.uk/--
provides accounting, tax and business advisory services.


LIQUID TRADING: Creditors' Meeting Slated for February 7
--------------------------------------------------------
Creditors of Liquid Trading International Ltd. will meet at
1:15 p.m. on Feb. 7 at:

         The Thistle Middlesbrou gh Hotel
         Fry Street
         Middlesbrough TS1 1JH
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 5 at:

         DTE Leonard Curtis
         DTE House
         Hollins Mount
         Hollins Lane
         Bury BL9 8AT
         England

DTE Leonard Curtis -- http://www.dtegroup.com/-- offers tax
consultancy, company secretarial services, corporate finance,
corporate recovery, turnaround, forensic accounting, financial
services and insurance & risk management.


LOJICS RESOURCE: Bank of Scotland Appoints BDO Stoy as Receivers
----------------------------------------------------------------
Bank of Scotland appointed Simon Edward Jex Girling and Shay
Bannon of BDO Stoy Hayward LLP joint administrative receivers of
Lojics Resource Services Ltd. (Company Number 00843621) on
Jan. 9.

BDO Stoy Hayward -- http://www.bdo.co.uk/-- focuses on business
assurance (audit), corporate advisory, tax, and investment
management services, specializing in such industries as
charities, educational institutions, family businesses,
financial services, leisure, and hospitality.  The company is
the U.K. arm of BDO International and has offices in more than
15 cities throughout the U.K.

Lojics Resource Services Ltd. can be reached at:

         Hoyle Street
         Warri ngton
         Cheshire WA5 0LR
         United Kingdom
         Tel: 01925 232 327
         Fax: 0121 328 0822


LOJICS SERVICES: Bank of Scotland Hires Receivers from BDO Stoy
---------------------------------------------------------------
Bank of Scotland appointed Simon Edward Jex Girling and Shay
Bannon of BDO Stoy Hayward LLP joint administrative receivers of
Lojics Services Group Ltd. (Company Number 3542922) on Jan. 8.

BDO Stoy Hayward -- http://www.bdo.co.uk/-- focuses on business
assurance (audit), corporate advisory, tax, and investment
management services, specializing in such industries as
charities, educational institutions, family businesses,
financial services, leisure, and hospitality.  The company is
the U.K. arm of BDO International and has offices in more than
15 cities throughout the U.K.

Lojics Services Group Ltd. can be reached at:

         Unit 3 Stangate House
         Stanwell Road
         Penarth
         South Glamorgan CF64 2AA
         United Kingdom
         Tel: 029 2070 6111


LUXE LTD: Creditors Confirm Liquidator's Appointment
----------------------------------------------------
Creditors of Luxe Ltd. confirmed Jan. 16 the appointment of
Stephen Franklin of Panos Eliades, Franklin & Co. as liquidator
of the company.

The company can be reached at:

         Luxe Ltd.
         Orion Business Centre
         Surrey Canal Road
         Lewisham
         London SE145RT
         England
         Tel: 020 7237 1007
         Fax: 020 7394 9399


MANGO DESIGN: Creditors' Meeting Slated for February 8
------------------------------------------------------
Creditors of Mango Design Ltd. will meet at 11:30 a.m. on
Feb. 8 at:

         25 Harley Street
         London W1G 9BR
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 7 at:

         Suite 1
         Kent House
         Station Road
         Ashford
         Kent TN23 1PP
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 6 at:

         25 Harley Street
         London W1G 9BR
         England


MCCLELLAND CLEANING: Creditors' Meeting Scheduled for February 6
----------------------------------------------------------------
Creditors of McClelland Cleaning Services Ltd. (t/a Optimum
Cleaning Group) will meet at noon on Feb. 6 at:

         47-49 Green Lane
         Northwood
         Middlesex HA6 3AE
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, on Feb. 5 at the said address.

Ashok Kumar Bhardwaj will furnish creditors with information
concerning the company's affairs free of charge.

A list of names and addresses of the company's creditors will be
available for inspection free of charge.


MIDDLESEX PUBLIC: Creditors' Meeting Scheduled for February 8
-------------------------------------------------------------
Creditors of Middlesex Public Golf Courses Ltd. will meet at
11:00 a.m. on Feb. 8 at:

         Tenon Recovery
         Sherlock House
         73 Baker Street
         London W1U 6RD
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 7 at the said address.

A list of names and addresses of the company's creditors will be
available for inspect ion free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 6.

Tenon Recovery -- http://www.tenongroup.com/-- provides
accounting and business advice to owner-managed and private
business.


MMC CONTRACTING: Creditors' Meeting Slated for February 5
---------------------------------------------------------
Creditors of MMC Contracting & Designs Ltd. will meet at
11:00 a.m. on Feb. 5 at:

         Kallis & Co.
         1148 High Road
         Whetstone
         London N20 0RA
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 2 to Elizabeth Arakapiotis at
the said address.

Ms. Arakapiotis will furnish creditors with information
concerning the company's affairs free of charge as they may
reasonably require.


NAGLE BLUE: Creditors' Meeting Scheduled for February 6
-------------------------------------------------------
Creditors of Nagle Blue Ltd. will meet at 3:00 p.m. on Feb. 6 at
the offices of:

         CBA
         39 Castle Street
         Leicester LE1 5WN
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge on Feb. 2.

CBA -- http://www.cba-insolvency.co.uk/-- provides solutions to
financial difficulties when the perceivable option is either
liquidation or bankruptcy.


NATURAL WORLD: Brings In Marriotts LLP to Administer Assets
-----------------------------------------------------------
Kevin Thomas Brown and Anthony Harry Hyams of Marriotts LLP were
appointed joint administrators of The Natural World Plc (Company
Number 2228703) on Jan. 15.

The joint administrators can be reached at:

         Kevin Thomas Brown and Anthony Harry Hyams
         Marriotts LLP
         Allan House
         10 John Princes St
         London W1G 0JW
         United Kingdom
         Tel: 020 7495 2348

The Natural World Plc can be reached at:

         Bourton Business Park
         Bourton on the Water
         Gloucestershire GL54 2HQ
         United Kingdom
         Web site: https://www.thenaturalworld.com/


NATURAL WORLD: Joint Administrators Selling Gift Chain
------------------------------------------------------
Kevin Brown and Anthony Hyams of Marriotts LLP, in their
capacity as joint administrators for The Natural World Plc, are
offering to sell the company's assets and business.

Features:

   -- GBP13 million turnover;
   -- 26 leasehold outlets;
   -- high specification warehouse;
   -- fully integrated EPOS & EVOS infrastructure;
   -- own brand "Animal World" product line

The company can be reached at:

         The Natural World Plc
         Bourton Business Park
         Bourton on the Water
         Gloucestershire GL54 2HQ
         United Kingdom
         Web site: https://www.thenaturalworld.com/

Inquiries can be addressed to:

         Philip Davies & Sons
         10 Glasshouse Yard
         London EC1A 4JN
         United Kingdom
         Tel: 0207 495 2348
         Fax: 0207 495 2318
         E-mail: pjd@pdsauctioneers.co.uk
         Web site: http://www.pdsauctioneers.co.uk/

         -- or --

         Marriotts LLP
         Allan House
         10 John Princes Street
         London W1G 0AH
         United Kingdom
         Tel: 0207 336 6959
         Fax: 0207 336 6968
         E-mail: kbrown@marriottsllp.co.uk

Philip Davies & Sons -- http://www.pdsauctioneers.co.uk/--
provides extensive range of valuation and disposal services to
insolvency practitioners.


NOMADS LEEDS: Creditors' Meeting Slated for February 16
-------------------------------------------------------
Creditors of Nomads (Leeds) Ltd. will meet at 10:15 a.m. on
Feb. 16 at the offices of:

         Tom Harrison Insolvency Services
         Concourse House
         432 Dewsbury Road
         Leeds LS11 7DF
         England

T. C. E. Harrison of Tom Harrison Insolvency Services will
furnish creditors with information concerning the company's
affairs on Feb. 15 free of charge as they may reasonably
require.


NOW GROUP: Ernst & Young Selling Kitchen Furniture Retailer
-----------------------------------------------------------
Simon Allport and Tom Jack of Ernst & Young LLP, in their
capacity as joint administrators for Now Group Plc, are offering
to sell the company as a going concern.

Features:

   -- distributors, fitters and retailers of kitchen furniture
      and appliances;

   -- suppliers to small, regional and national house builders
      with a quality product;

   -- order book totaling GBP4 million;

   -- turnover in 2006 of circa £11 million

   -- head office and warehouse facility in Preston with
      showrooms in Wakefield, Preston, Warrington, Rotherham and
      Blackpool; and

   -- around 110 employees.

Inquiries can be addressed to:

         Alex Williams
         Ernst & Young LLP
         Tel: 0161 333 2807
         E-mail: awilliams1@uk.ey.com

Ernst & Young -- http://www.ey.com/-- provides broad array of
services relating to audit and risk-related services, tax, and
transactions across all industries-from emerging growth
companies to global powerhouses-deal with a broad range of
business issues.


OAKLEY NEW: Creditors' Meeting Scheduled for February 6
-------------------------------------------------------
Creditors of Oakley New Homes (Southern) Ltd. will meet at
1:45 p.m. on Feb. 6 at the offices of:

         Smith & Williamson Ltd.
         First Floor
         89 King Street
         Maidstone
         Kent ME14 1BG
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 5 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb 2 and Feb. 5.

Smith & Williamson -- http://www.smith.williamson.co.uk/--
provides investment management, financial advisory and
accountancy services to private clients, professional practices,
mid to large corporates and non-profit organizations.


OCTAVE CAPITAL: Creditors' Meeting Scheduled for February 6
-----------------------------------------------------------
Creditors of Octave Capital Ltd. will meet at 2:00 p.m. on
Feb. 6 at:

         Tenon Recovery
         Sherlock House
         73 Baker Street
         London W1U 6RD
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 5 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 2.

Tenon Recovery -- http://www.tenongroup.com/-- provides
accounting and business advice to owner-managed and private
business.


OSLO LTD: Creditors' Meeting Slated for February 7
--------------------------------------------------
Creditors of Oslo Ltd. will meet at 10:15 a.m. on Feb. 7 at:

         Abbey Taylor Ltd.
         The Blades Enterprise Centre
         John Street
         Sheffield S2 4SW
         England

Tracy A. Taylor of Abbey Taylor Ltd. will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.


P&H THERMAL: Hires Stephen M. Rout to Liquidate Assets
------------------------------------------------------
Stephen M. Rout of Stephen M. Rout & Co. was appointed
liquidator of P&H Thermal Control Ltd. on July 10, 2006, for the
creditors' voluntary winding-up proceeding.

The company can be reached at:

         P&H Thermal Control Ltd.
         37 Hilton Street
         Over
         Cambridge
         Cambridgeshire CB4 5PU
         England
         Tel: 01954 206 062
         Fax: 01954 206 065


PARK PRECISION: Creditors' Meeting Slated for February 8
--------------------------------------------------------
Creditors Park Precision Ltd. will meet at 2:30 p.m. on Feb. 8
at:

         Pine Lodge
         281 Nottingham Road
         Mansfield NG18 4SE
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 7 at the offices of:

         Businesscare Solutions Ltd.
         Tong Hall
         Tong
         West Yorkshire BD4 0RR
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 6.


PINE DI: Creditors' Meeting Slated for February 6
-------------------------------------------------
Creditors of Pine DIY Ltd. will meet at 10:30 a.m. on Feb. 6 at
the offices of:

         Parkin S. Booth & Co.
         20 Winmarleigh Street
         Warrington
         Cheshire WA1 1JY
         England

Paul James Fleming of Parkin S. Booth & Co. will furnish
creditors with such information concerning the company's affairs
free of charge as they may reasonably require.

Parkin S. Booth & Co http://www.parkinsbooth.co.uk/-- deals
entirely with insolvency practice.


POWERHOUSE GARAGE: Brings In Liquidator from Jackson Gregory
------------------------------------------------------------
Roderick Julian Jones of Jackson Gregory & Co. was appointed
liquidator of Powerhouse Garage Ltd. on Jan. 8 for the
creditors' voluntary winding-up proceeding.

The liquidator can be reached at:

         Jackson Gregory & Co.
         14 Wood Street
         Bolton BL1 1DZ
         England


PROVENTUS EUROPEAN: Fitch Rates EUR10 Million Class F Notes at B
----------------------------------------------------------------
Fitch assigned expected ratings to Proventus European ABS CDO
P.L.C.'s upcoming issue of EUR115 million credit-linked notes.

This is a seven-year replenishing synthetic transaction
referencing a high grade asset-backed securities portfolio from
the balance sheet of Mizuho Corporate Bank, Ltd.

   -- EUR12 million Class A: 'AAA';
   -- EUR28 million Class B: 'AA';
   -- EUR20 million Class C: 'A';
   -- EUR25 million Class D: 'BBB';
   -- EUR20 million Class E: 'BB'; and
   -- EUR10 million Class F: 'B'.

The final ratings are contingent on the receipt of final
documents conforming to information already received.

The issuer and Mizuho have entered into one credit default swap
on a reference portfolio of asset-backed securities with a
notional balance of EUR2 billion.  The credit linked notes
represent the mezzanine tranche of the CDS between the unfunded
senior tranche and the first-loss threshold.

Initial credit enhancement for Class A totals 5.35% and is
provided by the Class B notes, the Class C notes, the Class D
notes, the Class E notes, the Class F notes and the initial
first loss threshold.  The expected ratings are based on the
quality of the collateral, available credit enhancement, the
financial structure of the transaction, the underwriting and
servicing of the collateral and the transaction's legal
structure.

The CLNs benefit from an initial first loss threshold of 20bps
of the initial reference portfolio balance, which increases by
2.7bps per annum based on the outstanding balance of the
reference portfolio.  Upon a loss allocation, an additional
4.3bps per annum based on the outstanding balance of the
reference portfolio will be made available as credit enhancement
to compensate for the losses.

The net proceeds of the Class A to B CLNs will be invested in
securities issued by Depfa Bank Plc rated 'AAA'.  The proceeds
of the Class C to F notes will be deposited in a time deposit
account held by Mizuho.


PTF LTD: Creditors' Meeting Scheduled for February 12
-----------------------------------------------------
Creditors of PTF Ltd. will meet at 10:30 a.m. on Feb. 12 at:

         BWC Business Solutions
         8 Park Place
         Leeds LS1 2RU
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 8.


QUALITY POWDER: Creditors' Meeting Slated for February 15
---------------------------------------------------------
Creditors of Quality Powder Coatings (NW) Ltd. will meet at
10:30 a.m. on Feb. 15 at:

         Parkin S. Booth & Co.
         44 Old Hall Street
         Liverpool L3 9EB
         England

Ian C Brown of Parkin S. Booth & Co. will furnish creditors with
information concerning the company's affairs free of charge
during the period before the day of the meeting as they may
reasonably require.

Parkin S. Booth & Co -- http://www.parkinsbooth.co.uk/-- deals
entirely with insolvency practice.


REDWOODSTONE LTD: Barclays Bank Appoints PwC as Receivers
---------------------------------------------------------
Barclays Bank Plc appointed Paul William Harding and Derek
Anthony Howell of PricewaterhouseCoopers LLP joint
administrative receivers of Redwoodstone Ltd. (Company Number
02848085) on
Jan. 17.

PricewaterhouseCoopers LLP -- http://www.pwcglobal.com/--
provides auditing services, accounting ad vice, tax compliance
and consulting, financial consulting and advisory services to
clients in a variety of industries.

Redwoodstone Ltd. can be reached at:

         The Stoneworks
         Haydon Drove
         Haydon
         Wells
         Somerset BA5 3EH
         United Kingdom
         Tel: 01749 677 777
         Fax: 01749 671 177


REFCO INC: Refco LLC Files November 2006 Operating Report
---------------------------------------------------------
Albert Togut, the Chapter 7 trustee appointed to oversee the
liquidation of Refco LLC's estate, filed with the U.S.
Bankruptcy Court for the Southern District of New York a monthly
statement of cash receipts and disbursements for the period from
Nov. 1 to 30, 2006.

The Chapter 7 Trustee reports that Refco LLC's beginning balance
as of Oct. 1, 2006, totals US$616,608,000.  The Debtor's
beginning purchase price account balance totals US$25,038,000,
while its beginning capital account "A" balance totals
US$591,570,000.

The purchase price account includes activity related to Man
Financial Inc. sale proceeds and related disbursements.  Capital
account "A" includes activity related to collection of excess
capital.

Refco LLC received US$7,706,000 and disbursed US$3,864,000.  The
Debtor held US$620,450,000 at the end of the period.

The Chapter 7 Trustee prepared the Monthly Statement in lieu of
comprehensive financial statements.

Headquartered in New York, New York, Refco Inc. --
http://www.refco.com/-- is a diversified financial services
organization with operations in 14 countries and an extensive
global institutional and retail client base.  Refco's worldwide
subsidiaries are members of principal U.S. and international
exchanges, and are among the most active members of futures
exchanges in Chicago, New York, London and Singapore.  In
addition to its futures brokerage activities, Refco is a major
broker of cash market products, including foreign exchange,
foreign exchange options, government securities, domestic and
international equities, emerging market debt, and OTC financial
and commodity products.  Refco is one of the largest global
clearing firms for derivatives.

The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  Luc
A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represents the Official Committee of Unsecured Creditors.  Refco
reported US$16.5 billion in assets and US$16.8 billion in debts
to the Bankruptcy Court on the first day of its chapter 11
cases.  (Refco Bankruptcy News, Issue No. 55; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).


RMF VENTILATION: Creditors' Meeting Slated for February 8
---------------------------------------------------------
Creditors of RMF Ventilation Ltd. will meet at 10:30 a.m. on
Feb. 8 at:

         Begbies Traynor
         1 Winckley Court
         Chapel Street
         Preston
         Lancashire PR1 8BU
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 7 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 6.

Begbies Traynor -- http://www.begbies.com/-- assists companies,
creditors, financial institutions and individuals on all aspects
of financial restructuring and corporate recovery.


ROYAL & SUN: Goldman Sachs Buys Voting Rights in 260-Mln Shares
---------------------------------------------------------------
Royal & Sun Alliance Insurance Group Plc disclosed that The
Goldman Sachs Group Inc. acquired Jan. 22 the voting rights in
260,415,764 shares of the company.

                    About Royal & Sun Alliance

Headquartered in London, United Kingdom, Royal & Sun Alliance
Insurance Group Plc -- http://www.royalsunalliance.com/--
provides risk management and insurance solutions through two
divisions focusing on property & casualty business and personal
insurance.  The group consists of three regions -- U.K.,
Scandinavia and International.  The group operates in the U.K.,
Argentina, Bahrain, Belgium, Brazil, Canada, Chile, China,
Colombia, Denmark, Egypt, France, Germany, Hong Kong, India,
Ireland, Italy, Latvia, Lithuania, Malaysia, Mexico, Netherland
Antilles, the Netherlands, Norway, Oman, Saudi Arabia,
Singapore, Sweden, UAE, Uruguay, U.S.A. and Venezuela.

                           *    *    *

As reported in the TCR-Europe on Sept. 29, 2006, A.M. Best Co.
has placed the financial strength ratings of C++ (Marginal) and
the issuer credit ratings of "b" of the Royal & SunAlliance
U.S.A. Insurance Pool and Royal Surplus Lines Insurance Company
under review with developing implications pending the completion
of the proposed sale of these operations to Arrowpoint Capital,
a new company formed by the existing management team of these
operations.  All the above companies are domiciled in
Wilmington, Delaware.  R&SAUS and RSLIC are U.S. subsidiaries of
Royal & Sun Alliance Insurance Group Plc (London, England).

As reported in the TCR-Europe on March 27, 2006, Standard &
Poor's Ratings Services lowered its counterparty credit and
insurer financial strength ratings on Royal & Sun Alliance
Insurance Group PLC's U.S. insurance operations (RSA USA) to
'BB' from 'BB+'.  S&P said the outlook remains negative.  At the
same time, the ratings were withdrawn at the request of the
companies' management.


RUBY SHOES: Creditors' Meeting Scheduled for February 7
-------------------------------------------------------
Creditors of Ruby Shoes (U.K.) Ltd. will meet at 11:00 a.m. on
Feb. 7 at:

         The Pines Hotel
         570 Preston Road
         Clayton le Woods
         Chorley PR6 7ED
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Feb. 6 at the offices of:

         T.H.Associates
         Towngate House
         116-118 Towngate
         Leyland
         Preston PR25 2LQ
         England

T. J. Hargreaves of T.H.Associates will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.


SCOTTISH GRASS: SGM U.K. Buys Asset Out of Receivership
-------------------------------------------------------
Scottish Grass Machinery was bought out of receivership by SGM
(U.K.), a new company set up by former owner David McInroy and
Steven McInroy, in a deal that will keep 102 jobs secure but
leave creditors out of pocket, The Herald reports.

The company went into administration in November 2006 when
owners David McInroy and Alex Pollock went bankrupt after
amassing several million pounds of debt and failing to obtain
additional funding over the winter season.  However, the company
continued to trade in administration.

Deloitte & Touche LLP, the company's administrator, transferred
ownership to SGM (U.K.) after choosing the group's bid over
several others.  The tender was financed through a mix of
shareholder equity and debt, The Herald states.

"Once we have realized the sums for the sale of the company and
its assets, we will begin to recompense the creditors.  However,
even at this stage, it is unlikely there will be funds to meet
the claims of ordinary trading customers," said Deloitte's John
Reid, one of the joint administrators.

The shareholders in SGM (U.K.) are managing director Steven
McInroy, executive chairman David McInroy, finance director
Richard Lawson, operations director Ian Morrison, and non-
executive director John Clarke, a senior partner in law firm
CCW.

"The past few months have been a difficult period for everyone
associated with SGM Group.  Important lessons have been learned,
and we now want to focus on the future, which we believe is
exceptionally bright," said managing director Steven McInroy.

SGM (U.K.) will trade under the Scottish Grass Machinery (SGM)
brand for its sales and distribution business in Scotland and
SGM Hire for its contract hire business across the U.K.  Its
network of 12 service centers will also continue to operate
across the U.K., The Herald relates.

                        About the Company

Headquartered at at Inverkeithing in Fife, Scottish Grass
Machinery -- http://www.scottishgrass.co.uk/-- supplies
groundcare equipment through 12 service centers across the U.K.
and offers workshop facilities, a parts department, a purpose
built training center, and an extensive demonstration site.  It
also provides the mowing equipment for the pitch at Celtic Park
and the fairways and greens of some of Scotland's golf courses.


SOLUTIA INC: Seeks May 7 Deadline to File Notices of Removal
------------------------------------------------------------
Solutia Inc. and its debtor-affiliates ask the U.S. Bankruptcy
Court for the Southern District of New York to enter an order
pursuant to Rule 9006(b) of the Federal Rules of Bankruptcy
Procedure extending the time within which they can file notices
of removal of civil actions and proceedings from Feb. 5 through
and including May 7.

Jonathan S. Henes, Esq., at Kirkland & Ellis LLP, in New York,
tells the Court that the Debtors continue to review their files
and records to determine whether to remove a number of civil
causes of action pending in state or federal court to which it
might be parties.

Mr. Henes states that the Debtors' key personnel and legal
department are assessing the civil actions while being actively
involved in the Debtors' Chapter 11 cases.  Additional time to
consider filing notices of removal in the Civil Actions is
required, Mr. Henes asserts.

The rights of any party to the Civil Actions will not be
prejudiced by the extension, Mr. Henes assures the Court.

                      About Solutia Inc.

Headquartered in St. Louis, Missouri, Solutia Inc.
(OTCBB:SOLUQ) -- http://www.solutia.com/-- with its
subsidiaries, make and sell a variety of high-performance
chemical-based materials used in a broad range of consumer and
industrial applications.  The Company filed for chapter 11
protection on Dec. 17, 2003 (Bankr. S.D.N.Y. Case No. 03-17949).
When the Debtors filed for protection from their creditors, they
listed US$2,854,000,000 in assets and US$3,223,000,000 in debts.
Solutia is represented by Richard M. Cieri, Esq., at Kirkland &
Ellis.  Daniel H. Golden, Esq., Ira S. Dizengoff, Esq., and
Russel J. Reid, Esq., at Akin Gump Strauss Hauer & Feld LLP
represent the Official Committee of Unsecured Creditors, and
Derron S. Slonecker at Houlihan Lokey Howard & Zukin Capital
provides the Creditors' Committee with financial advice.
(Solutia Bankruptcy News, Issue No. 77; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000)


STRUCTURAL BUILDING: Joint Liquidators Take Over Operations
-----------------------------------------------------------
Peter Robin Bacon and Carl Derek Faulds of Portland Business &
Financial Solutions Ltd. were appointed joint liquidators of
Structural Building Services Ltd. (formerly Speed 1114 Ltd.) on
Jan. 12 for the creditors' voluntary winding-up proceeding.

The Joint Liquidators can be reached at:

         Portland Business & Financial Solutions Ltd.
         1640 Parkway
         Solent Business Park
         Whiteley
         Fareham
         Hampshire PO15 7AH
         England


TALKINGMINUTES LTD: Creditors' Meeting Scheduled for January 30
---------------------------------------------------------------
Creditors of Talkingminutes Ltd. will meet at 3:00 p.m. on
Jan. 30 at:

         Langley Group LLP
         Langley House
         Park Road
         East Finchley
         London N2 8EX
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Jan. 29 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Jan. 26.


TARGET COMMUNICATIONS: Taps Melvyn L. Rose to Liquidate Assets
--------------------------------------------------------------
Melvyn L. Rose of Elliot, Woolfe & Rose was appointed liquidator
of Target Communications (PR) Ltd. on Jan. 16 for the creditors'
voluntary winding-up proceeding.

The company can be reached at:

         Target Communications (PR) Ltd.
         Pump House Farm
         Ongar Road
         Kelvedon Hatch
         Brentwood
         Essex CM150LA
         England
         Tel: 01277 365 344
         Fax: 0871 431 0408


TERABYTE COMPUTER: Creditors' Meeting Scheduled for February 7
--------------------------------------------------------------
Creditors of Terabyte Computer Solutions Ltd. will meet at 2:15
p.m. on Feb. 7 at:

         Abbey Taylor Ltd.
         The Blades Enterprise Centre
         John Street
         Sheffield S2 4SW
         England

Tracy A. Taylor of Abbey Taylor Ltd. will furnish creditors with
information concerning the company's affairs as they may
reasonably require.


THIRD BUTCHER: Creditors' Meeting Slated for January 31
-------------------------------------------------------
Creditors of Third Butcher Ltd. (t/a Twenty5th) will meet at
3:00 p.m. on Jan. 31 at:

         Tomlinsons
         St. John's Court
         72 Gartside Street
         Manchester M3 3EL
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Jan. 29.


TOPLINX LTD: Creditors' Meeting Scheduled for February 6
--------------------------------------------------------
Creditors of Toplinx Ltd. (t/a Dawaat Indian Cuisine) will meet
at noon on Feb. 6 at:

         Ashcrofts
         601 High Road Leytonstone
         London E11 4PA
         England

Harjinder Johal of Ashcrofts will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.

Ashcrofts -- http://www.ashcrofts.net/-- offers hands-on
expertise specializing in Business Recovery and Insolvency
providing positive solutions for negative situations.


TRADING OVERSEAS: Creditors' Meeting Slated for January 30
----------------------------------------------------------
Creditors of Trading Overseas Marketing & Retail Ltd. will meet
at 11:30 a.m. on Jan. 30 at:

         4th Floor
         Allan House
         10 John Princes Street
         London W1G 0AH
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Jan. 26.


TRIANA UK: Creditors' Meeting Scheduled for January 30
------------------------------------------------------
Creditors of Triana U.K. Lt d. will meet at 11:00 a.m. on
Jan. 30 at:

         Tenon Recovery
         30 Christchurch Road
         Bournemouth
         Dorset BH1 3PD
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Jan. 29 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Jan. 26.


TRISCO WARRINGTON: Creditors' Meeting Scheduled for February 8
--------------------------------------------------------------
Creditors of Trisco Warrington Ltd. will meet at 11:30 a.m. on
Feb. 8 at:

         The Rhinewood Country House Hotel
         Glazebrook Lane
         Glazebrook

Proxies to be used at the meeting must be submitted at noon on
Feb. 7 at the offices of:

         Campbell Crossley and Davis
         348-350 Lytham Road
         Blackpool FY4 1DW
         England

Ian Richard Williamson of Campbell Crossley and Davis will
furnish creditors with such information concerning the company's
affairs free of charge.

Campbell Crossley and Davis -- http://www.campbell-crossley-
davis.co.uk/ -- specializes in debt problems leading to
insolvency.  It is a partnership and is associated to the
general accountancy practice of Crossley and Davis.


UBP REALISATIONS: Creditors' Claims Due February 19
---------------------------------------------------
Creditors of UBP Realisations (2005) Ltd. (formerly United
Beauty Products Ltd.) have until Feb. 19 to prove their debts by
sending written statements of the amounts they claim to be due
to them from the company to:

         David K. Duggins
         Liquidator
         Ernst & Young LLP
         No.1 Colmore Square
         Birmingham B4 6HQ
         England

Ernst & Young -- http://www.ey.com/-- provides broad array of
services relating to audit and risk-related services, tax, and
transactions across all industries-from emerging growth
companies to global powerhouses-deal with a broad range of
business issues.


UFP LTD: Creditors' Meeting Slated for January 30
-------------------------------------------------
Creditors of UFP Ltd. will meet at 11:00 a.m. on Jan. 30 at:

         Jurys Clifton Ford Hotel
         47 Welbeck Street
         London W1G 8DN
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Jan. 29 at:

         Vantis Plc
         4th Floor
         Southfield House
         11 Liverpool Gardens
         Worthing
         West Sussex BN11 1RY
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Jan. 26 at Vantis Plc.


UPDATE SOLUTIONS: Creditors' Meeting Slated for February 5
----------------------------------------------------------
Creditors of Update Solutions Ltd. will meet at noon on Feb. 5
at:

         Ashcrofts
         601 High Road Leytonstone
         London E11 4PA
         England

Harjinder Johal of Ashcrofts will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.

Ashcrofts -- http://www.ashcrofts.net/-- offers hands on
expertise specializing in Business Recovery and Insolvency
providing positive solutions for negative situations.


US TRADING: Creditors' Meeting Slated for January 31
----------------------------------------------------
Creditors of U.S. Trading London Ltd. will meet at 2:30 p.m. on
Jan. 31 at:

         Begbies Traynor
         The Old Exchange
         234 Southchurch Road
         Southend-on-Sea
         Essex SS1 2EG
         England

Creditors must submit particulars of their claims or of any
security, together with their proxy forms, at noon on Jan. 30 at
the said address.

Richard Andrew Segal of Begbies Traynor will furnish creditors
with such information concerning the company's affairs free of
charge as they may reasonably require.

Begbies Traynor -- http://www.begbies.com/-- assists companies,
creditors, financial institutions and individuals on all aspects
of financial restructuring and corporate recovery.


W. KNIGHT: Creditors' Meeting Slated for January 30
---------------------------------------------------
Creditors of W. Knight & Co. (RRoadworks) Ltd. will meet at
11:00 a.m. on Jan. 30 at:

         Harrisons
         4 St. Giles Court
         Southampton Street
         Reading RG1 2QL
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Jan. 29 at the said address.

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Jan. 26.

Harrisons -- http://www.harrisons.uk.com/-- provides advice and
solutions to professional advisors who found their clients
experiencing financial difficulties.  Originally trading from
offices in Reading and has added London, Manchester, Bristol and
Derby and h as associate offices in Grantham and Stockton on
Tees.


WADE'S CYCLES: Creditors' Meeting Scheduled for January 31
----------------------------------------------------------
Creditors of Wade's Cycles Ltd. will meet at 3:30 p.m. on
Jan. 31 at:

         The Quality Hotel
         Bell Common
         Epping
         Essex CM16 4DG
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Jan. 30 at:

         Begbies Traynor (South) LLP
         The Old Exchange
         234 Southchurch Road
         Southend-on-Sea SS1 3EG
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Jan. 29 at Begbies Traynor (South) LLP.

Begbies Traynor -- http://www.begbies.com/-- assists companies,
creditors, financial institutions and individuals on all aspects
of financial restructuring and corporate recovery.


WHAT WOMEN WANT: Creditors' Meeting Slated for January 30
---------------------------------------------------------
Creditors of What Women Want U.K. Ltd. will meet at 10:30 a.m.
on Jan. 30 at:

         The Regent Hotel
         Regent Square
         Doncaster DN1 2DS
         England

Creditors who want to vote at the meeting must submit
particulars of their claims or of any security, together with
their proxy forms, at noon on Jan. 29 at:

         Jacksons Joliffe Cork
         Richmonds House
         White Rose Way
         Doncaster DN4 5JH
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Jan. 26.


WIDNEY CABS: Baker Tilly Selling Cab Assembly Manufacturer
----------------------------------------------------------
Alan Lovett, Michael David Rollings and Mark Wilson of Baker
Tilly, in their capacity as joint administrators for Widney Cabs
Ltd., are offering to sell the company either as a whole or in
part.

Features:

   -- GBP32-million turnover for year ended Sept. 30, 2006;

   -- manufactures and supplies cab assemblies for construction
      and agricultural vehicles;

   -- high-profile blue chip customers in the construction and
      agricultural industries;

   -- experienced workforce of around 240 employees;

   -- semi-automated production lines; and

   -- headquarter office and factory premises comprising
      294,000 sq. ft. in Northampton

Inquiries can be addressed to:

         Simon Harris
         Baker Tilly
         5 Old Bailey
         London EC4M 7AF
         United Kingdom
         Tel: 020 7002 8654
         Fax: 020 7002 8691
         E-mail: simon.d.harris@bakertilly.co.uk

Baker Tilly -- http://www.bakertilly.co.uk/-- provides auditing
and other services for mid-cap and smaller publicly listed
companies and private companies, particularly those expanding
into new foreign markets.  Services include business and
financial planning, tax-related services, corporate finance,
litigation support, turnaround services, and technology
consulting.


WILLIAM DUNK: Creditors' Meeting Slated for February 6
------------------------------------------------------
Creditors of William Dunk Flooring Ltd. will meet at 11:00 a.m.
on Feb. 6 at:

         Renaissance Solihull Hotel
         651 Warwick Road
         Solihull B91 1AT
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on Feb. 2.


YOGO LTD: Creditors' Meeting Slated for January 30
--------------------------------------------------
Creditors of Yogo Ltd. will meet at 11:00 a.m. on Jan. 30 at:

         Albany House
         18 Theydon Road
         London E5 9NZ
         England

Stephen Franklin, of Panos Eliades, Franklin & Co. will furnish
creditors with such information concerning the company's affairs
on Jan. 29 as the may reasonably require.


* Large Companies with Insolvent Balance Sheets
-----------------------------------------------

                                Shareholders   Total    Working
                                   Equity      Assets   Capital
                          Ticker    (US$MM)    (US$MM)   (US$MM)
                          ------ -----------  -------   --------

AUSTRIA
-------
Libro AG                            (111)         174     (182)
Rhi AG                              (214)       1,756      293


BELGIUM
-------
City Hotels               CITY.BR     (7)         210      (15)
Sabena S.A.                          (86)       2,215     (297)


CZECH REPUBLIC
--------------
Ceskomoravska Kolben &
   Danek Praha Holding               (89)         192   (2,186)


DENMARK
-------
Elite Shipping                       (28)         101       19


FRANCE
------
Acces Industrie                       (8)         106      (35)
Arbel                     PA.ARB     (98)         222      (72)
Banque Nationale
   de Paris Guyane        BNPG       (41)         352      N.A.
BSN Glasspack                       (101)       1,151      179
Charbo De France                  (3,872)       4,738   (2,868)
Compagnie Francaise de
   l'Afrique Occidentale             (65)         256       21
Dollfus Mieg & Cie S.A.   DS         (16)         143      (45)
Euro Computer System                (110)         682      377
Genesys S.A.              GNS.PA     (10)         120       (5)
Grande Paroisse S.A.                (927)         629      330
Immob Hoteliere                      (68)         233       29
Labo Dolisos              DOLI.PA    (28)         110      (33)
Matussiere et Forest S.A. MTF        (78)         294      (28)
Oeneo S.A.                SABT.PA    (12)         292       38
Pneumatiques Kleber S.A.             (34)         480      139
Rhodia S.A.               RHA       (788)       6,681      171
SDR Centrest                        (132)         252      N.A.
SDR Picardie                        (135)         413      N.A.
Selcodis S.A.             SPVX       (18)         128       22
Soderag                               (3)         404      N.A.
Sofal S.A.                          (305)       6,619      N.A.
Spie-Batignolles                     (16)       5,281       75
St Fiacre (FIN)                       (1)         111      (33)
Teamlog                   TLO        (19)         109       (3)
Trouvay Cauvin                        (0)         134       10
Usines Chausson                      (23)         249       35


GERMANY
-------
Cognis Deutschland
   GmbH & Co. KG                    (174)       3,003      606
Dortmunder
   Actien-Brauerei        DABG       (13)         118      (29)
EM.TV AG                  EV4G.BE    (22)         849       15
F.A. Guenther & Son AG    GUSG        (8)         111      N.A.
Kaufring AG               KAUG       (19)         151      (51)
Maternus Kliniken AG      MAK.F       (3)         207      (30)
Nordsee AG                            (8)         195      (31)
Plambeck Neue
   Energien AG            PNE3        (4)         141       19
Primacom AG               PRIG      (268)       1,257   (1,048)
Rinol AG                  RLIG       (64)         104      (15)
Schaltbau Hold            SLTG       (23)         144       (7)
SinnLeffers AG            WHGG        (4)         454     (145)
Spar Handels- AG          SPAG      (442)       1,433     (234)
Vivanco Gruppe                       (55)         131      (31)


GREECE
------
Empedos S.A.              EMPED      (34)         175      (48)
Pouliadis Associates
   Corporation            POUL       (28)         124      (31)
Radio A.Korassidis        KORA      (101)         181     (139)
   Commercial

HUNGARY
-------
Exbus Asset Management
   Nyrt.                  EXBUS      (30)         118   (5,162)


ICELAND
-------
Decode Genetics Inc.      DCGN        (9)         229      141

ITALY
-----
Binda S.p.A.              BND        (11)         129      (20)
Cirio Finanziaria S.p.A.            (422)       1,583     (396)
Credito Fondiario
   e Industriale S.p.A.             (200)       4,218      N.A.
Finpart S.p.A.                      (152)         732     (322)
Gruppo Coin S.p.A.        GC        (150)       4,218      N.A.
I Viaggi del
   Ventaglio S.p.A.       VVE.MI     (61)         487      (58)
Olcese S.p.A.             OLCI.MI    (13)         180      (64)
Parmalat Finanziaria
   S.p.A.                        (18,419)       4,121  (12,481)
Technodiffusione
   Italia S.p.A.          TDIFF.PK   (90)         152      (24)
Wind Telecomunicazioni
   S.p.A.                            (10)      12,698     (815)

NETHERLANDS
-----------
Baan Company N.V.         BAAN        (8)         610       46
United Pan-Euro Air       UPC     (5,266)       5,180   (8,730)


NORWAY
------
Petroleum-Geo Services    PGO        (32)       2,963   (5,250)


POLAND
------
Mostostal Zabrze          MECOF.PK    (6)         227     (366)
Vista Alegre Atlantis
   SGPS S.A.              VAAAE      (18)         193      (83)

ROMANIA
-------
Oltchim RM Valce          OLT        (45)         232     (321)


RUSSIA
------
OAO Samaraneftegas                  (332)         892  (16,942)
Zil Auto                            (185)         378  (11,107)


SPAIN
-----
Altos Hornos de
   Vizcaya S.A.                     (116)       1,283     (278)
Santana Motor S.A.                   (46)         223       41
Sniace S.A.                          (10)         134      (37)


SWITZERLAND
-----------
Wedins Skor
    Accessoarer AB                   (10)         139     (129)


TURKEY
------
Nergis Holding                       (24)         125       26
Yasarbank                           (948)         623      N.A.


UKRAINE
-------
Dnepropetrovsk Metallurgical
   Plant Imeni Petrovsko              (2)         278     (509)
Dniprooblenergo                      (38)         478     (797)
Donetskoblenergo                    (166)         706   (1,320)


UNITED KINGDOM
--------------
Abbott Mead Vickers                   (2)         168      (16)
AEA Technology Plc        AAT.L      (24)         340      (50)
Alldays Plc                         (120)         252     (202)
Amey Plc                             (49)         932      (47)
Anker Plc                 ANK.L      (22)         115       13
Atkins (WS) Plc           ATK        (63)       1,279       70
Bonded Coach
   Holiday Group Plc                  (6)         188      (44)
Blenheim Group                      (153)         198      (34)
Booker Plc                BKRUY      (60)       1,298       (8)
Bradstock Group           BDK         (2)         269        5
Brent Walker Group        BWL     (1,774)         867   (1,157)
British Energy Plc        BGY     (5,823)       4,921      434
British Nuclear
   Fuels Plc                      (4,248)      40,326      977
Compass Group             CPG       (668)       2,972     (298)
Costain Group             COST       (39)         567       (5)
Danka Bus System          DNK.L     (108)         540       34
Dawson Holdings           DWN.L      (12)         158      (19)
Easynet Group             ESY.L      (45)         323       38
Electrical and Music
   Industries Group       EMI     (1,264)       2,818     (253)
Euromoney Institutional
   Investor Plc           ERM.L      (88)         297      (56)
European Home Retail Plc  EHRL       (14)         111      (37)
Gartland Whalley                     (11)         145       (8)
Global Green Tech Group             (156)         408      (18)
Gondola Holdings Plc      GND.L     (239)         987     (396)
Heath Lambert
   Fenchurch Group Plc               (10)       4,109      (10)
HMV Group Plc             HMV         (4)         948     (175)
Homestyle Group Plc       HME        (29)         409     (124)
Imperial Chemical
   Industries Plc         ICI       (835)       8,881      (49)
Invensys PLC                      (1,031)       3,875      494
IPC Media Ltd.                      (685)         254       16
Jarvis Plc                JRVS.L    (683)         492     (371)
Lambert Fenchurch Group               (1)       1,827        3

Lattice Group                     (1,290)      12,410   (1,228)
Leeds United              LDSUF.PK   (73)         144      (29)
M 2003 Plc                        (2,204)       7,205     (756)
Manchester City                      (17)         154      (21)
Micro Focus
   International Plc      MCRO.L     (14)         115      (11)
Mytravel Group            MT.L      (283)       1,159     (410)
Orange Plc                ORNGF     (594)       2,902        7
Park Group Plc            PKG.L       (5)         111      (13)
Partygaming Plc           PRTY       (46)         398     (110)
Premier Farner Plc        PFL        (33)         964      127
Premier Foods Plc         PFD.L      (31)       1,475       16
Probus Estates Plc        PBE.L      (28)         113      (49)
Regus Plc                 RGU.L      (46)         367      (60)
Rentokil Initial Plc      RTO     (1,134)       2,678      (45)
RHM Plc                   RHM       (586)       2,411       59
Saatchi & Saatchi         SSI       (119)         705      (41)
Seton Healthcare                     (11)         157        0
SFI Group                           (108)         178     (162)
Telewest
   Communications Plc     TLWT    (3,702)       7,581   (5,361)
UK Coal Plc               UKC        (25)         865      (62)
Virgin Mobile
   Holdings Plc           VMOB.L    (490)         155      (80)
Wincanton Plc             WIN        (66)       1,236      (71)


                           *********

Each Tuesday edition of the TCR contains a list of companies
with insolvent balance sheets whose shares trade higher than
US$3 per share in public markets.  At first glance, this list
may look like the definitive compilation of stocks that are
ideal to sell short.  Don't be fooled.  Assets, for example,
reported at historical cost net of depreciation may understate
the true value of a firm's assets.  A company may establish
reserves on its balance sheet for liabilities that may never
materialize.  The prices at which equity securities trade in
public market are determined by more than a balance sheet
solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

                           *********


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.  Jazel P. Laureno, Julybien Atadero, Carmel Zamesa
Paderog, Joy Agravante, Zora Jayda Zerrudo Sala, Kristina A.
Godinez, and Pius Xerxes Tovilla, Editors.

Copyright 2007.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including E-mail forwarding, electronic
rE-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.

Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$625 per half-year,
delivered via E-mail.  Additional E-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *