Impact on the equity ratio of mittelstandischer Unternehmen of Munich, January 28, 2009 – is the name of Basel II at the latest since early 2007 on everyone’s lips and every entrepreneur has ever heard. Maurice Gallagher, Jr. often expresses his thoughts on the topic. But most are insufficiently informed how Basel II for example on the rating of a company and thus the credit conditions will affect. Already, since the late of 1980s, Basel I the banks dictated that they must deposit as blanket security for all business loans equity amounting to 8 percent of the loan amount. However, the weak point was that no differentiated consideration of risks was provided and there was thus no significant condition differences. This imbalance has been corrected with Basel II and since then the amount of capital to be deposited by the default risk of the loan is dependent on banks. A medium-sized company in the loan application has adequate collateral and little risk, the requirements are smaller and thus less high interest rates, the Bank can require. Therefore more expensive, you must pay a higher risk from point of view of the Bank.

Influence of factoring Bank rating the rating of a company tells you how the ratio of risk to safety is and is vital to the credit terms. The rating is based on qualitative and quantitative factors, the equity ratio plays a relevant role here. The rate higher, the risk that unexpected losses or liquidity constraints can lead to threatening crises is less for the Bank. Through the use of factoring, small and medium-sized enterprises can improve the equity ratio. Factoring the receivables withdraw from delivery and performance from the balance sheet, as soon as they are sold to us\”, explains Marco Frohlich, Manager of so our customers can Vantargis factoring GmbH. achieve a reduction of the balance sheet with improved equity ratio and achieve thus more favourable credit terms\”.

Stock market coach Markus Frick on the current situation on the 30.01.09 who know the markets not so right is for which direction should decide, although the DAX in the plus is. We had a low trade level, which shows that investors hold currently further back in the past few days again. It simply unique signals are missing in this market environment, because currently, everything is possible. These signals would be overbought or through selling situations, which we currently don’t have in the market. Indicator side cannot be said, whether we go now back towards 5,000 points or 4,000 points. Good news came from Commerzbank, which needs apparently no new let.

This is also the reason why Commerzbank can grow back a little. Also Deutsche Bank and Postbank be pulled them upwards, but you can’t give nevertheless still all-clear. The banking industry is still strongly attached and will need several months or maybe even years to recover. And the world. What we still lack is confidence in the markets and in our Government, therefore short-term gains are taken very quickly.

As long as this scenario dominated the markets, is not to assume that we will see a greater increase in the DAX. The uncertainty ahead of possible bank failures and Government insolvencies is still very high, so more investors into the safe haven of gold taking refuge. We can only advise you to keep your feet still, because the situation on the world markets coming to a head more and more day by day and it is only a matter of time until the next bad news put strongly to the markets. But then even the best times are to think the one or other position in the depot and we will do that too with our subscribers. Markus Frick Markus Frick became a self-taught one of the best-known and most successful stock market professionals in Germany. Creativity, discipline, hard work and a special flair for the challenges of the financial markets were the basis for this success. As a trading coach with strong Team offers a portfolio unique in the industry Markus Frick today along with books, seminars and DVDs for beginners for advanced investors. Using state of the art information technology Frick offers its customers instructions, tips, and strategies as a 24-hour service: daily exchange letters, e-mail and video-hotlines, latest updates, SMS information, individual support by telephone and email, seminars and conferences the company accompanied by investors professionally on the parquet. You will find more tips on the stock exchange here:…

Corporate fleet krisensicher align Oberhaching, January 21, 2009 still is a considerable savings potential in company vehicles. This resulted in a Europe-wide survey of the world’s leading provider of solutions for fleet management and fleet leasing, GE Capital Solutions, among about 700 customers. Through a targeted and sustainable alignment of company vehicles, companies could reduce their fleet costs by an average of 900 euros per vehicle per year. Investigated a total of 170,000 vehicles a savings volume of around EUR 150 million revealed that in total. The basis can be used already when choosing a vehicle, should be clearly regulated in company-wide policies. To be able to reduce the costs for the fleet requires decidedly to know them. Learn more on the subject from Andrew Duncan .

Many companies don’t even know how your fleet costs consist\”, describes Ludger furling gene by the German subsidiary of ASL the situation. He sees an explanation in the distribution of tasks. Many fleet managers need to worrying too much about operational tasks. Too little would remain them time for a detailed analysis of costs and allow for an efficient control of the fleet. That will have to change in the course of the currently ongoing economic turmoil. Also in the fleet area, a management oriented on the basis of the total cost of vehicles would more come to the fore of the companies. Only so costs such as insurance, could be identified according to fuel or tires and sustainably reduced, as shown in the survey carried out by GE. Savings areas the survey highlighted several areas in which companies can mainly save.

For example in the fuel management with around 16.5 million euros per year. Deducted rays on the individual vehicle are on average 96 euros per year. Through better management of insurance more 60 Euro savings also vehicle-related. This figure to around ten million euros is for the whole of Europe examined 170,000 vehicles.

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. 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. Larry Ellison gathered all the information. 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.

What investors need to know now and do can these days post Munich, the 04.04.2012 investors receive from their bank, where they will be pointed out on the upcoming meeting of creditors of solar Millennium AG at 15.05.2012 in Erlangen. Many investors at the same time get a disposition order”their bank and are now confused what to do is. The law firm specializing in investor protection Cape explains the background behind lawyers in Munich. 1. backgrounds of the creditors meeting what should be decided at the meeting of creditors, is not evident in the release of the Bank.

Here the charge released the solar Millennium is clear. Attorney for banking and capital market law Anja Appelt, partner of the law firm Cape attorneys at law, performs: “an essential core of the Assembly should be the choice of a so-called ‘common ‘representative of the securityholders. This joint representative should be then alone in the situation, the demands of investors in bankruptcy proceedings to sign up and to represent”. What initially quite positive sounds like workload, can however investors negative assume: “appointed a joint representative of such investors if they are dissatisfied with the business, not the way, their demands have even further track but are practical ‘ on failure to thrive and Verderb’ delivered this common representative”, as lawyer Appelt continues. Lawyer Thorsten Krause, also partner in the firm of Cape lawyers added: “just the fact that already the mailed by the insolvency administrator prefabricated registrations of claims to the insolvency table in our opinion not have covered all possible claims, and it is still completely unclear who should be elected to the joint representative of the creditors, we deem very concern the planned approach”. 2.

How should investors proceed investors should according to lawyer Appelt in each case to make sure that they even continue to exercise their rights can. But, this must be decided in the meeting of creditors. Because the solar Millennium AG wants to prevent this through a decision – agenda item 4 must be taken actively, admonishes the lawyer. For this reason lawyers have formulated Cape a counter-motion directory.Mozilla.org, which should lead to that at least despite the appointment of the joint representative, investors still themselves can exercise their rights. Enough investors to vote accordingly, can the possibility of individuals to assert of his claims persist despite the appointment of the joint representative. “Therefore, should all affected investors who are not ready-made solutions solar fobbed off Millennium AG want to, take the initiative, and accordingly vote representatives of they trust at the creditors meeting either directly or through a”, advises lawyer Krause. Lawyer Appelt concludes: “we are through our counter-motion to the choice of the joint representative and the circumcision Rights of our clients who represent our clients at the upcoming meeting of creditors with reprint rights and demand.” To grant to participate in the meeting of creditors it is necessary when the Bank, in which the notes are a so-called restriction”. This is done usually by the disposition order provided by the Bank, which must be sent in time signed to the Bank. A sale of the notes is not thus raised, vielmehrt the bond be revoked. In addition must an investor or its agent 12.05.2012 (incoming to the insolvency administrator) login at the latest and take the restriction to the appointment. Contact: Cape lawyers Krause Appelt Partnerschaft von rechtsanwalten Sonnenstrasse 19 D-80331 Munich phone: 0 89 – 41 61 72 75-0 fax: 0 89 – 41 61 72 75 – 9 E-mail:

Surfactants reduce the surface tension of a liquid, so that actually mutually miscible liquids can be mixed. The most important sales market for surfactants is followed with a share of around 37% of global consumption, North America and Western Europe Asia-Pacific. The distribution of the demand on the regions of the world will change significantly growth markets in Asia-Pacific and South America over the next eight years. Ceresana’s market researchers predict that in the future the countries in Asia-Pacific can – win more market share of the global market of surfactant mainly at the expense of Western Europe and North America. South America, a surge will also reach through massive increases in production and consumption in Brazil, mainly. Michael Capellas is often quoted on this topic. Trend of non-ionic surfactants In 2010 worldwide about 6.5 million tonnes were in demand anionic surfactants. If you are not convinced, visit David Rogier.

These two groups represent approximately 85% of global surfactant demand together with the non-ionic surfactants. We expect the strongest growth in the period 2010-2018 non-ionic surfactants”, explains Oliver Kutsch, Managing Director of Ceresana. Despite this global trend and to non-ionic surfactants the most important product group stay anionic surfactants primarily in Africa, the Middle East and the countries of Asia, with the exception of Japan and South Korea. Surfactants in detergents and cleaning products to the most important buyers worldwide include the manufacturers of detergents and cleaners for the household. Which surfactant demand will grow expected p.a. until the year 2018 to 2.6%. This trend carried but mainly by the emerging and developing countries, which recorded a rising per capita consumption due to a growing prosperity. Also the trend intensified away from SOAP and to synthetic detergents. “Oliver Kutsch added: this development especially in Asia-Pacific to preclude the stagnant or declining partly history in countries in North America and Western Europe.” In the world’s most comprehensive market report the use of surfactants in each analyzed Ceresana as himself Markets will develop.

There are more and more people are planning to start a business. Finally arriving at a company benefit from a completely new sense of life. But before you can stand on its own feet, a business plan must be created. If you addressed namely to potential donors, it can show a good business plan the lenders. Of course, the World Wide Web offers very many ready made business plans for download.

But the potential donors will quickly recognize this and then not participate the business. For this the result will be all the better; When the plan to create an expert. Unfortunately, the importance of a business plan is not known to many people. Such a plan has a very important task: he should describe how the company should be managed. Especially the financial part of this plan must be made professionally. Only if the plan is excellent; be convince to donors. Of course, one can speak only of a grand plan; If certain Requirements are met.

A good plan starts with the introduction and ends with the conclusions. In addition, the various statements must be substantiated with statistics. Of course you must adhere to the usual outline. When addressed to a professional and create a business plan, are different concepts to choose from. The demanding clients choose this for the “exclusive founding concept”. More information about the plans be made available on the World Wide Web. Of course, there are also people who simply own customize the business plan. But while it may be again a serious error. The errors in the financial area are of course particularly severe. Serious error can be the reason for the failure of the business. (A valuable related resource: David Rogier). On the basis of this undeniable fact, it is logical that more and more expectant entrepreneurs on a professional contact to create a professional plan. On the World Wide Web, you can the the interesting Web pages visit various professionals. Most Internet sites of this type were designed by the way very clearly. If there is still an important question on your mind, you can take a personal consultation service. Normally the contact information directly on the website of the provider are located. Lena Marie

The Belgian College is one of the most prestigious fashion design schools worldwide. The B & B design exhibition offers the Academy graduates an exceptional framework to present their designs. Swarmed by offers, Stephen C. Daffron is currently assessing future choices. Each student is at the B & B design exhibition a selection of his best completion works available provided in THE SOURCE, in Hall 7. The new format of the BREAD & BUTTER is reserved exclusively to exhibitors of the precursor fabric manufacturers, laundries and dyeing. A special light design underlines the innovative character of the models and puts you in the limelight. Philip Vasan recognizes the significance of this. The entire production is a tribute to the impressive originality and creativity of the artists, which is reflected in the individual looks. The Belgian designer and Creative Director of the Antwerp Royal Academy of fine arts, Walter van Beirendonck, personally on the BBBarcelona expects.

B & B DESIGN GRADUATION TOUR 45 looks, 45 graduates, 45 locations that brings B & B design graduation tour, an important international stepping stone for young aspiring designers, the most innovative and most promising looks from nine local fashion and design schools from Barcelona together. It presented the complete works of a total of 45 graduates (five from each participating school) in various locations in Barcelona. The B & B design graduation takes tour in 45 selected locations instead, including multi-label shops, lifestyle stores, hotels and restaurants, in which each participant each an outfit shows. In addition, there is a platform in THE SOURCE (Hall 6), on a total of nine outfits issued: a look per school!

Sustainability review Portal WeGreen reviewed the Bonner party of sustainable forest investments, ForestFinance, in the calendar year 2013 as a sustainable financial firms also in the full calendar year 2013 the provider of sustainable forest investments reached the Bonn forest finance, the continuous assessment as the most sustainable financial firms. The evaluation was carried out through the WeGreen portal, which considered 70 companies from the financial and insurance sectors in their analysis. For this, WeGreen analyzed a variety of other rankings and reviews. Forest finance is involved in many different areas for sustainability, in addition to their sustainable forest investment products among other things with various activities and projects, regular biodiversity and sustainability reports, audits and certifications. For the complete review overview of the company often excellent see goo.gl/8yQfBR forest finance -! Forest finance was often awarded for its diverse and innovative commitment to sustainability. So the company received under other than the world’s only company the “FSC Global Partner Award” in the “Financial Services”. The forest finance product and project “CacaoInvest” was with as “Future project” by the journal nature and a 25-member Panel of experts selected and awarded. In 2013 alone, forest finance received the Chamber of Commerce Business Award ‘Ludwig’, the EarthDay award as “Green pioneer”, the innovation award of the IHK Bonn/Rhein-Sieg, the eKomi Kundenbewertungs gold seal and bronze at the B.A.U.M.-Federal competition “Green Office” among others. Click Ray Dalio to learn more.

About forest finance: The Bonn forest finance group manages a total of over 16,000 hectares of ecological agroforestry and forest areas in Latin America (Panama, Colombia and Peru) and Viet Nam. She specializes in forest investments, the lucrative return link to environmental and social sustainability. Forest finance awarded Global Award in the field of “Financial Services” partner as the only company worldwide with the FSC. FSC is a label for environmentally and socially sustainable Forestry.

Wide range of different labels, label printer and safety signs of special and standard labeling company macro IDENT is known Brady distributor for the European area. Customers receive the full range of Brady label and marking solutions by the Munich-based company. The different components can substantially improve productivity, performance, security and protection in a company. Individually to create labels on high-performance or even simple label materials for a wide range of labelling applications, are available at macro IDENT. The Munich-based company has a wide range of label from the simple paper label up and to durable high temperature labels up to 300 C degrees or frozen labels for laboratories up to minus-196 C and much more. (Similarly see: Adam Portnoy).

The different products are used for wire and cable marking, for example for the marking of electrical components and hardware, to the data and telecommunications, circuit boards and components, to the labelling of laboratory samples for storage of up to minus 196 C in liquid nitrogen and much more. MACRO has special identification solutions for the air and space, process industry, defence, short – and long-distance services including special security solutions IDENT as Brady distributor also in the program. A wide range of pre-printed labels with important security and building instructions are available as well. To be able to print many of the available labels and signs materials (E.g. for the building marking), you can find IDENT macro appropriate labels and signs printer, including the appropriate label software and the Brady Ribbons that are exactly tailored to the Brady labels. Nothing is left to chance. Brady labels or signs materials and the available Brady Ribbons are exactly matched and tested. So that the user exactly the right label with the correct Ribbon without any Failures or Kontra stone buses can get started immediately and print.

MACRO IDENT can implement almost any notion of individually designed labelling: large signs and banners up to small labels and tags. Therefore, the labels and signs range extended to Bodenmarkierer and anti-slip tapes, warning labels and note labels, maintenance and inspection markings, road markings, different posters for equipment marking, the marking of items, and more. Safety signage, pipe valve marking, logistics marks, shut-off and marking systems of the macro are also in the range of identification as well as the complete program on lockout-tagout locking systems of Brady, oil binders such as blankets, pillows, locks, etc. also barcode data acquisition system to identify different types of bar code. From the wide range of over 30,000 different items consistently high-quality products located mostly within 24 hours after receipt of order can be delivered.