Märklin Modelleisenbahn maker broke

The German tradition Märklin company is insolvent. The farmer has Modelleisenbahn Amtsgericht Göppingen bankruptcy. Previously, negotiations on new loans have failed - the owner now raise accusations against the banks.

Göppingen - The Farmer Märklin Modelleisenbahn money is expected. Talks with banks about the renewal of 50 million term loan were unsuccessful, the company said. The management, therefore jurisdiction Goeppingen request to open insolvency proceedings.

Operations continue to run initially without restrictions. The company is now remodeling during the process. Märklin, among other things, the Kreissparkasse Goeppingen negotiated.

In the circle of the owner showed him their outrage at the decision by the banks. "The banks' behavior is very strange," said an insider with Spiegel Online, "especially at the beginning of the Toy Fair." The auditing firm KPMG on February 13 had a renovation advice imaginable. "Obviously the banks are not considered necessary, this advice to be seen." Even in a deferral of interest or similar institutions that do not even want to negotiate.

According to "Südwest Presse", the banks' business policy and financial investors Goldman Sachs Kingsbridge, good Märklin had purchased three years earlier, disagrees. The bank is especially prevalent with the change management and consulting firms are not satisfied expensive. The document is based on people in the financial sector.

The last execution of the business a little better

According to the report, 2008 Kreissparkasse around 4.5 million euros in credit valuation adjustments due Märklin need. On Tuesday, it has been said that the toy manufacturer is due to the Christmas business is still solvent.

In addition is also Kreissparkasse Landesbank Baden-Württemberg (LBBW) Märklin lenders. Credit lines of the two financial institutions had expired at the end of January.

It was the latest in operations Märklin was something better. In 2008, sales of the company rose slightly from 126 to 128 million euros. At the same time, the loss fell Märklin in commercial transactions, compared to 2007. Exact figures, the company, however, is not known.

"We are prepared to enter into agreement with the provisional liquidator of the tradition of our company to rehabilitate and stay in the market," said Dietmar Mundil. He admitted that while the restructuring of recent years is not fast enough to make an impact.

In fact, the 150th Anniversary Celebration

For the provisional liquidator was the attorney for Michael Ulm Pluta named the district court announced. He is a lawyer specializing in bankruptcy law. Until the opening of insolvency proceedings, according to court information can be, but is still nearly two months.

Until then, may be important for the employees of insolvency loss money in benefits. Märklin employs about 1,050 staff, 650 in Germany and 400 in Hungary. Workers in Germany is planned for January will no longer pay the salaries received.

There is in this year's celebration: the 150th Anniversary of the exhibitions in several cities and a special exhibition at the company location Goeppingen expected. Bankruptcy is now probably dashed these plans.

wal / dpa / AP

Source: http://www.spiegel.de/wirtschaft/0,1518,605441,00.html

7 comments:

Anonymous said...

[B]NZBsRus.com[/B]
No More Crawling Downloads Using NZB Downloads You Can Hastily Find HD Movies, PC Games, MP3 Albums, Software & Download Them @ Maxed Out Speeds

[URL=http://www.nzbsrus.com][B]NZB Search[/B][/URL]

Anonymous said...

Travelling Our Perceive in the vanguard Prices at www.Pharmashack.com, The Unequalled [b][url=http://www.pharmashack.com]Online Chemist's [/url][/b] To [url=http://www.pharmashack.com]Buy Viagra[/url] Online ! You Can also Espy Terrific Deals When You [url=http://www.pharmashack.com/en/item/cialis.html]Buy Cialis[/url] and When You You [url=http://www.pharmashack.com/en/item/levitra.html]Buy Levitra[/url] Online. We Also Slight subtle in a Smashing Generic [url=http://www.pharmashack.com/en/item/phentermine.html]Phentermine[/url] In the attention of the draw to a close of Your Intake ! We At this headland in time the for the nonce at once being away Humiliate adduce [url=http://www.pharmashack.com/en/item/viagra.html]Viagra[/url] and Also [url=http://www.pharmashack.com/en/item/generic_viagra.html]Generic Viagra[/url] !

Anonymous said...

Infatuation casinos? seal of reconcile oneself to on this untested [url=http://www.realcazinoz.com]casino[/url] enchiridion and bond on up online casino games like slots, blackjack, roulette, baccarat and more at www.realcazinoz.com .
you can also interrogate our up to swain [url=http://freecasinogames2010.webs.com]casino[/url] fight loath of at http://freecasinogames2010.webs.com and attainment onto verifiable folding shin-plasters !
another narrative [url=http://www.ttittancasino.com]casino spiele[/url] formula is www.ttittancasino.com , preferably than of german gamblers, submit c be communicated via freed online casino bonus.

Anonymous said...

postpone bad this without denunciation or burden [url=http://www.casinoapart.com]casino[/url] it quality someone's while at the most major [url=http://www.casinoapart.com]online casino[/url] commend with 10's of sly [url=http://www.casinoapart.com]online casinos[/url]. abide lot in [url=http://www.casinoapart.com/articles/play-roulette.html]roulette[/url], [url=http://www.casinoapart.com/articles/play-slots.html]slots[/url] and [url=http://www.casinoapart.com/articles/play-baccarat.html]baccarat[/url] at this [url=http://www.casinoapart.com/articles/no-deposit-casinos.html]no plunk casino[/url] , www.casinoapart.com
the finest [url=http://de.casinoapart.com]casino[/url] in the involvement business UK, german and all as a oversupply the world. so as regards the treatment of the damned [url=http://es.casinoapart.com]casino en linea[/url] check up on up on up on us now.

Anonymous said...

You could easily be making money online in the undercover world of [URL=http://www.www.blackhatmoneymaker.com]blackhat link building[/URL], You are far from alone if you don't know what blackhat is. Blackhat marketing uses alternative or little-understood methods to build an income online.

Anonymous said...

http://site.ru - [url=http://site.ru]site[/url] site
site

Anonymous said...

[url=http://www.23planet.com]Online casinos[/url], also known as impressive casinos or Internet casinos, are online versions of never-to-be-forgotten ("buddy and mortar") casinos. Online casinos assist gamblers to skedaddle ingredient in and wager on casino games with the supplant the Internet.
Online casinos typically advantage strong on the booster frequent odds and payback percentages that are comparable to land-based casinos. Some online casinos let ride higher payback percentages as a countermeasure looking all the way through working aid games, and some impel known payout subdivision audits on their websites. Assuming that the online casino is using an fittingly programmed unpremeditatedly spaciousness a enumerate up generator, proffer games like blackjack clothed an established hold back edge. The payout beget a allocation vocation of these games are established to the core the rules of the game.
Diverse online casinos sublease or overcome their software from companies like Microgaming, Realtime Gaming, Playtech, Cosmopolitan Deception Technology and CryptoLogic Inc.