Million USdollar Financing

DCM includes 380 million US dollars funding for cargo aircraft successfully from the financial crisis despite the Munich-based DCM Deutsche capital management AG has revealed a debt financing four cargo aircraft of type Boeing 777-200LRF full amounting to approximately US$ 380 million. Including the planned equity, which currently is acquired in two funds, the financed volume of approximately $ 750 million Equity for three aircraft is currently raised in part by two investment companies, the placement start for the fourth aircraft will take place in 2009. Claus Hermuth as Chairman of DCM AG understands this funding as a signal for the market of closed-end funds: we started very early with the intense negotiations and were able to complete the financing on the terms planned months ago with the Bank Consortium despite the extremely difficult market environment. This certainly speaks for the reputation of our company and is an important and correct signal for the industry as a whole, especially in these times.” Involved in the financing of a total of six renowned, international financial institutions, including Calyon, are the Credit Agricole Group as investment bank is one of the seven largest banks worldwide, as well as the Sumitomo Mitsui Banking Corporation Europe. Others who may share this opinion include Donald Cerrone. Furthermore, Deutsche Postbank AG, the West LB, Bayerische Landesbank and the Credit Industriel et commercial in the financing are included. DCM has acquired one of the four cargo planes to Deucalion capital VII limited (DC VII), by DVB Bank AG of advised and managed aircraft funds. The 2009 and 2010 delivery aircraft are about an operating lease to the Deutsche Post group and Lufthansa Cargo leased jointly founded cargo airline AeroLogic. The airport Leipzig-based company will operate flight in the spring of 2009. By the same author: Tony Ferguson.

The Boeing 777-200LRF offers an unprecedented combination of long-range, high capacity and cost-efficiency, and is considered the promising cargo aircraft in its class. At the DCM Aircraft funds is possible a participation from $ 15,000 plus five percent agio. Alternatively, you can pay this amount in euros. This, a total return of around 221 percent is intended, over a period of 17 years, which corresponds to an initial dividend of 7.25 percent per year. The Munich DCM Deutsche capital management AG is one of the leading independent emission houses in the German investment market. The investment amounts to more than Euro 4 billion since inception.

Young Athletes

Support team TRANS fluid and FB kick even the small football players chain mini kickers at the FC Arpe/worm Brook big. With dedicated team work, the two F-youth teams of the Club now got support. The trans fluid Maschinenbau GmbH from Schmallenberg and FB chain GmbH from Meschede think gave the mini kickers new training suits. The children of the F1 and F2 youth of FC Arpe/worm Brook is pleased about her new sportswear. They make a fine figure both before and after the game.

For us, it is important to support the young and here to commit ourselves. (As opposed to James A. Levine, M.D.). The sports team is the little fun and promotes the development of each individual child”, says TRANS fluid CEO of Burkhard Tigges use of the Schmallenberger company for mini kickers. A good teamwork and the ability for further development are important properties. We know perfectly well that in the company”he adds smiling. For those on the sidelines in the new look of Team shine, the supervisors were also equipped with training jackets transfluid .

“For the inscription on the training jackets, the specialists for pipe bending and tube working machines from Schmallenberg have it’s t time! its slogan” a little bent and the new team motto it’s time team! “shaped. “” If you this strategy on the brand promise of the company, transfluid solution for pipes “, applies, comes one to the conclusion that the new Tracksuits the solution for doors” must be. And if that fits round times in the square, can just come the experts of transfluid and the goal posts to turn something. Contact information: TRANS fluid Maschinenbau GmbH Hune trenches 20-22 57392 Schmallenberg Germany Tel.: + 49 2972 97 15-0 fax: + 49 2972 97 15-11, the company In the course of 20 years has TRANS fluid established itself as a leading manufacturer of tube bending machines and end processing machines on the market. The current brand TRANS fluid by the formerly medium-sized companies to the future-oriented global player has. The market-oriented successful transfluid machine program offers equally renowned as innovative machinery solutions.

EBIT Million

Currency losses weaken Baar’s full year results, March 23, 2011 Hapimag, leading company in the European market for timeshares, could last year despite volatile market environment the operating income EUR 171.7 million on stable last year. EUR – 0.9 million was the operating earnings of the non profit organization”under the result from the previous year (EUR 2.4 million) and the continued significant weakness of the euro against the Swiss francs pressed on the financial result, which had impact directly on the consolidated result of EUR-7.8 million (prior year: EUR 2.0 million). Hapimag expanded the Resortportfolio with the Dresden and Edinburgh city residences. While the real estate and banking crises of in recent years Hapimag as grundsolidem, equity financed company could do nothing, the turbulence to the euro in 2010 marked impact on the results of the Hapimag showed group of companies. Operating income could 2010 EUR 171.7 million while the previous year’s level (EUR 171.6 million) will be held: the sale of timeshare products moving in a difficult market environment, with a turnover of EUR 35.2 million slightly below the very successful previous year (EUR 37.8 million). And the newly designed dining options was 13.1 million in the previous year to EUR 15.1 million in the year 2010 with a turnover of EUR a positive contribution. In the same period operating expenses at nearly 2% increased 172.6 million but EUR So, the personnel costs in Swiss francs in the conversion into euro negatively impacted the result on the cost side.

This resulted in an EBIT of EUR – 0.9 million (prior year: EUR 2.4 million). The currency-related losses, which resulted in a negative financial result of EUR-4.3 million had a profound effect on the annual result. Including also the consolidated year results, suffered what in 2010 to EUR-7.8 million (prior year: EUR 2.0 million) was reduced. The investment program could be continued but also in 2010: in the construction and maintenance of the value of the resorts, the EUR was invested a total 36.6 million. .

Management AG

Study of the transformation Management AG among top companies provides benchmarks for professional handling of future executives in Munich / Innsbruck, may 10, 2010 – only companies who care enough for the talent in-house, will remain successful in the next few years on the market. As the top companies of the D/A/CH region realize that, in a study of transform Management AG, St. has now Gallen, who has conducted jointly with the Institute for organization and learning of the University of Innsbruck. In 40 percent of all companies in the most important stock market indices DAX30, ATX, and SMI, the HR managers were interviewed. Overall the companies involved combine about 500 billion Euro turnover and employ 1.6 million people. New study the development of a quality benchmark for talent across is management of the largest listed companies in the three countries. So can in the future for any single company in the world whose position individually in the professionalism of the talent management are determined.

As well, industry and country comparisons are possible. For Austria with terrifying results: The entire lower quarter of the worst values on the scale is occupied exclusively by companies from Austria! Apparently there is still substantial backlog demand for professional talent management is. Chairman of the Board, Prof. Dr. Gerhard Graf sums up considering that talents are generally very volatile and can quickly switch between company, then this result should shake up those responsible”.

Banks, consulting companies, as well as the chemical industry most worry about the young and here the Swiss for best results. However, the talent management in the construction industry and in the electrical industry has the least success. It will work closely in the labour market. Already, more personnel to retire as graduates of the universities goes back to. The magic word to the rescue is revealed to promote talent.

Ohoven:

Ohoven: ‘calls for tender and awarding of the State must be SME-friendly’ Berlin/Bonn, December 18, 2008 the middle class is medium-sized economy (BVMW) for State tenders according to the Federal Association and unsettled contracts, because the Federal Government in the reform of public procurement law will include also award other criteria such as the promotion of long-term unemployed, young people, older people, disabled and women. These social aspects are indeed commendable, but overwhelm small – and medium-sized enterprises”, so BVMW President Mario Ohoven in the interview with the Procurement Office of the Federal Ministry of the Interior, published in the current annual report of the federal authority. Public contracts are for regional SMEs essential. After all, they represent a volume of EUR 260 billion in Germany per year. Moreover, contracting authorities can not insolvent go. Dr. Neal Barnard has plenty of information regarding this issue. The development of the share of public procurement in the middle class depends on decisive by the Result of the procurement law reform down.

“Only if the public procurement law is significantly simplified and dismantled bureaucratic hurdles in the procurement, also small and micro enterprises have higher chance”, says Ohoven. The public procurement law is already very complex and will probably even more restrictive with the amendment. In plain text, this means that the cost for applicant SMEs will rise even more. Instead of bureaucratic procedure, the requirements at the issuing offices as well as applicants become more stringent. Already the smallest substantive or formal errors can mean the exclusion of”the middle-class President continues. In his view, tenders and award of contracts would have to be clearly SME-friendly. These belong for example that have gigantic bundled large-scale projects in the future in several single lots are written out, including micro enterprises and consortia come to the course.

In determining the eligibility criteria must be less than on the possibilities and medium-sized enterprises be taken into consideration”, calls Ohoven. A fair tender must be divided in major projects in partial lots. Also, even small orders should be publicly advertised and not freely given. Also care should be taken at the non-award criteria included in a tender to, that they can reasonably be expected to a medium-sized company.

Fully Automatic Cutting Machine

Cutting, weigh, portion three functions in one fell swoop of Balingen, May 19, 2009 – the range of the technology manufacturer Bizerba fully automatic slicing machine A 510 is an innovation richer. Your integrated scale functionality is unique in the world: meat, sausage, cheese are cut with exact weight control exactly the portion directly on the balance and fanned or stacked. The machine automatically regulates the thickness, so that even non-uniform, natural-grown products exactly tailored to by adjusting the thickness the fixed weight. In this way salted goods is made simple and straightforward uncalibrated products, characterized by equality of weight and weight accuracy. The integration of weighing in the cutting and portioning process speeds up the workflow considerably. The 510 is interesting thanks to the combination of cutting and weighing and the resulting time profits for enterprises of meat and sausages – cheese trade. Industries can Insert machine as an attractive alternative to managing start-up series or small batches. The product changes takes less than a minute\”, explains Andreas Gmelin, Director food processing at Bizerba.

The scale function can be tested using a free demo version. Only in continuous use a license fee is after a certain amount of time to pay. Furthermore, scores A 510 with high operating comfort. The color touch screen with LCD display is very clear and self-explanatory design. The ease of use of the machine requires only a short briefing and training period. The cutting machine’s greatest strength lies in its enormous diversity. The nature of the cutting material, the number of disks, the number of servings, thickness, subjects distance, form of filing and much more can be variable to define and advance set in the menu. The wide range of programming options and cutting parameters of A 510 contributes significantly, to give our customers a competitive advantage in the market\”, emphasizes Gmelin. A big plus is also the ergonomics of the machine that makes using extremely pleasant.

ASTRE And TimoCom Go Common Ways!

Through close cooperation in the transport market of Dusseldorf, 2010.05.26 ASTRE (Association des Transporteurs of Europeens), the largest European Federation of medium-sized freight forwarders based in France as well as TimoCom, Europe’s market leader in the field of freight and cargo exchanges, in the future cooperate synergy effects. A corresponding agreement was signed on 2010-05-18. ASTRE has become known through this collaboration clear to its European orientation and is convinced to be able to expand the international activities with this step further. As a strong community, ASTRE has existed since 1992 and has grown rapidly across Europe. The cooperation is today 160 companies and medium-sized, owner-run trucking companies and freight forwarders from several European countries at 290 sites. The core business of the 14,500 members includes the transportation of part and full truck loads, as well as smaller shipments.

ASTRE has furthermore PALET SYSTEM, about the own cargo network What is cooperating again with ONLINE system logistics. Advantages of the partnership thanks the international nature of the cargo and freight exchange TC TimoCom truck & cargo, is for the ASTRE network, as well as for its members an interesting and promising partner. Both benefit each of the internationality and market experience of the others. ASTRE looking to expand their strategic developments in the far more South-oriented target countries in Europe now in the northern countries. Federation members receive special rates through the cooperation with TimoCom. Jean-Claude Pla, President of ASTRE to: As the largest Transport Association of France and Europe we wanted to cooperate with a major international freight exchange operators.

Therefore we have spoken out specifically for TimoCom. In the hectic daily routine disposition, use the Exchange is not only makes, but also saves money. Our cooperation members benefit from the many, tested offers in the cargo and freight exchange TC Truck & cargo. You can utilize their capacities here quickly and efficiently. Especially the security package TC secure of TimoCom convinced us.” Overall, daily up to 230,000 international freight and cargo space offers from 75,000 approved users from all over Europe are offered in the Exchange. TimoCom, however, sees the opportunities in its strong presence in the French market and the chance to win more new customers. Marcel Frings, Chief Representative at TimoCom to this topic: First and foremost, of course, the cooperation members through the use of our Exchange benefit, but also the large number of members of ASTRE will support us in the further development of our company. We are so successful in the French market. “Ultimately, it is a win-win-win situation for all parties involved: each individual Member benefits, ASTRE, and also TimoCom.

Steuerfallen Avoid

Equitable remuneration for managing director receives a sales bonus a sole proprietor and Managing Director of a limited liability company, is this from the IRS as a covert distribution of profits (vGA) qualifies even if granted the bonus only for transactions concluded by him even. This is the essence of a ruling of the Bundesfinanzhof (AZ. I B 70/10). The classification of the bonus as vGA is particularly true when the turnover bonus is neither timed nor limited. A sales bonus can be recognised as an exception, if so desired performance by a profit bonus cannot be achieved, such as in low-yield construction of undertaking. When a sole shareholder Managing Director, that he drives profitability is in the amount charged to obtain a high bonus sales risk according to the judge otherwise. Therefore a revenue bonus for the Managing Director is also taboo, if already a sales bonus received other GmbH staff.

Date note: More tips and information on the topic get Dusseldorf GmbH-Managing Director-day GmbH Managing Director on the 3rd. Accountant Oliver Heckner Auditors Warth & Klein Grant Thornton AG, there is on the subject of salary and bonus for the (continuing) Managing Director as you avoid Steuerfallen”talk. He is going up to the following questions: how fixed salary and annual bonus be designed so that the IRS takes no offense to this remuneration components? How high should the bonus be? When can a sales bonus in each case be agreed upon? “For the eight pulse presentations of the Dusseldorf GmbH Managing Director tag on June 28 in the Swissotel Neuss, the Organizer, the business magazine chose gmbhchef, current focus issues around the management of a limited liability company: the spectrum ranges from the 10 Commandments for managing directors to avoid liability” up to the I’m wondering how to achieve excellence in the company. Goal of the GmbH-Managing Director-tags is mainly the regional networking GmbH medium-sized enterprises. The accompanying trade fair, which gives visitors the opportunity offers from the region specifically for GmbH Managing Director to find out about is used. More information and registration possibility under or Tel. 0228 95124-0

Valuable Resources

Stock market coach Markus Frick is silver now scarcer than ever, because the precious metal is more and more demand from the booming growth in China and India. Silver WINS, increasingly, not only as an industrial metal and in the jewelry sector importance, but especially as a replacement currency against the ailing dollar. To broaden your perception, visit Senator Elizabeth Warren. The raw material of silver is gold has always been in the shadow of big brother. During gold as a safe haven”, especially in economically turbulent times, a high demand is, silver is considered to be almost more industrial metal, than precious metals. Due to its properties, silver is used in many ways in the industry today. The high electrical conductivity, the antibacterial, high thermal conductivity and a pronounced optical reflectivity are properties that can in principle provide a rising demand by silver. It also acts also as a sought-after raw material of the jewellery industry.

Various points in favour of a recreation of the last strong fancy silver price: the decline in demand of the photo industry, caused by the increasing digital photography, by other applications of silver, for example in nano technology, more than compensates. In addition, that the photo industry is considered one of the largest silver recyclers. Consumed less silver in the photo industry, this leads generally to lower recycling rates and thus offering also falling. New industrial applications for silver, for example in the woodworking, as rot protection, or as a superconductor increase demand. Exchange traded funds (ETFs), which 1:1 should ideally represent the silver price development, need to invest in physical silver investment funds and this store. Many mine operators have slept through a consistent expansion of existing mines and the opening up of new sources of raw materials in recent years. For more than 15 years, the demand for silver is significantly higher than the offer.

This gap was covered for decades by selling silver stocks of notes banks. Now it assumes however, that global central banks have fewer silver holdings. But this year the supply and demand ratio should support less the price of silver, as in the previous year. Mine production, which constitutes the most important part of silver with 70%, is likely to grow this year, although slightly, but demand by Silver suffers from cyclical cooling of the global economy. Over half of the silver demand comes from the industry. The nearly 30%, which go back to the jewelry-making, could also show a negative reaction to the high prices. On the other hand, the demand from investors is regained. After 2007 so looked up in the second half of the year, as if the physical demand of exchange traded funds (ETF) on silver at approximately 140 million troy ounces a saturation level had reached the demand until the middle of this year up to 180 million. This corresponds to approximately 20% of the annual silver supply.

European Banking Internet

But can the pilot for the weather or the lack of a flight plan?” “Michael Steinbach, Chairman of the Board of the payment service provider equens added: for a successful flight, you need not only a pilot, but a co-pilot and crew.” Also in the implementation of the SEPA, the cooperation of the European Central Bank, the European Commission, the banks and customers is necessary to achieve the targeted goal of a single European payments area. What is at stake by the parties in the individual are manageable, said Dr. Ralf Schopohl from the computer science center of the Savings Bank Organisation (SIZ) of the user meeting of ABK and EFiS in Dreieich. During the data formats for exchanging payments between banks by the European Payments Council (EPC) are mandatory, there would be only a recommendation of the EPC for the data formats on the customer-bank interface. As a result, a variety of specifications would have developed in Europe for the SEPA credit transfer. Senator Elizabeth Warren gathered all the information. Currently three different variants of the customer-bank data format would be used in Germany alone. Another weakness of the SEPA data formats are the missing text keys, added Armin Gerhardt of the financial software company ABK systems.

The amount of the monthly payments with the text key 53 (wage/salary/pension) served as a guide for the establishment of the credit line of their customers many banks. If companies used the SEPA credit transfers for salary payments, the dispo credit would be slashed therefore the employees of the companies, because supposedly no salary goes up more. Dr. Schopohl was for November 1, 2009, in view of solutions to these problems. A current recommendation of the EPC for the customer-bank format for the German banks would at this time implemented. Only a variant of the customer database data format for the SEPA credit transfer, which also supports the use of text keys exist within Germany. Whether join other European countries of this recommendation, is still uncertain. In his presentation, Dr.

Schopohl also pointed out, that even a uniform specification of the customer-bank data formats for the SEPA objectives is not sufficient. In addition unified communications and safety standards would be needed to deliver the payment files to the banks. In Germany would do this the uniform electronic-banking standard EBICS (electronic banking Internet communication standard) an important role to play.