Month: April 2014

Halfyearly Financial Report

KSB group has achieved a group turnover of 1.090,1 million in the first HalbJahr with stable sales KSB. The pump and valve manufacturers achieved in a difficult market environment again approximately (- 0.8%) the level of the months of January to June 2012. As KSB observes in his today published half-yearly financial report, the UMSatz of the German parent company of the Group has evolved in positive: KSB AG invoiced several major contracts between January and June and boosted so their revenue to 415,5 million (+ 4.2%). For the full year KSB assumes unchanged, to exceed the revenues of the previous year, provided that no further deterioration in the economy. Also in the order intake, KSB wants moderate wachsen in the current fiscal year. Still behind the vergleichbaren values of the previous year, the company was back to the middle of the year.

In the first six months received orders amounting to 1.096,4 million (- 5.6%) in the group. Was the reason for the weaker job development restrained investment activity in the project business for the KSB foresees a recovery in the second half of the year. KSB AG received orders that were with 380,1 million to 6.9% lower than the corresponding previous year. Based on this order intake and sales development, KSB scored a consolidated net income before income taxes of 48.8 million in the first six months. This is 3.5 million (- 6.7%), compared to the first half of 2012. especially the sustained price pressure in the project business has had a negative impact. In anticipation of a slight increase business volume, KSB 2013 so that a result nearly expects to reach last year’s level. To the middle of the year the number of employees of the Group amounted to 16.565; This means an increase of 3.4% compared to June 30, 2012.

Loother Borrowers

The borrowers who have record of bad credit can go for car loans bad credit which they can secure in secured or unsecured form. The lending agencies do not like to receive application for car title loans from the borrowers ho are tagged with IVAs, CCJs, defaults, arrears, bankrupts etc. It is, usually, difficult for the borrowers to secure this child of loans unless they are ready with upfront payment. Despite the situation is that they need not be totally upset. The financial market has no less affected by the recent recession and its undesirable effects. It has, therefore, taken measures to accommodate the people who have history of bad credit. Car loans bad credit have been introduced in the market to target these men and women. The lending institution follow the existing norms of the market and offer car loans bad credit in two forms: secured and unsecured.

In the first form, that is, in the secured form of car loans bad credit, the loan seekers are to mortgage their vehicle against the loans. The borrowers get some advantages: right to secure the loan amount as per requirement, flexible repayment of facility, lower Council of interests etc. On the other hand, the lenders enjoy the right to take ownership of the vehicle if the borrowers do need clear the loans and violate the loan agreement. Most as collateral of the borrowers do not have valuable possessions to use. Some borrowers do not want to pledge their home or any other tangible assets.

They are free to go for car loans bad credit in the unsecured form, but they are of interest to secure the loans at higher Council. Moreover, the repayment period is much shorter. The borrowers should fulfill the following conditions to be eligible for car loans bad credit; Minimum age for the borrowers must be 21 year. It is imperative that he is a citizen of United Kingdom. He got to possess running and checking account. He got to submit documents in support of his address proof and monthly income. He must earn at least 1000 inevery month. He got to be on the employee or worker in any legal establishment. It is good for the borrowers to apply online as online application process is easier and time saving. They can study the contents about car loans bad credit provided by the lending agencies in several sites. They can compare different loan quotes and search for cheaper quotes. This will help them selecting the best suitable loan quotes. Markson Loother is writer of car loans no credit check.

Prematurely Repay Credit

Legal basis for the installment loan is the rate credit agreement only the question In case of an early redemption of the rates loan agreement arises to the conditions. The financial impact on the so-called old and new contracts are identical to those for cancellation of rates credit agreement. The question can be answered so a clear yes, if an installment loan can be repaid prematurely. Nowadays the majority of credit institutions instalment loans with the explicit range of special repayment or early repayment offers. For the borrower, such credit offer is particularly interesting, if it offers this contractual option a, and if on the other hand for no additional charges. Installment loan can be repaid so accurately but at least in the contractually agreed amount.

Debt to calculate means and compare the restructuring has the effect that the remaining installment loan will be replaced by the introduction of a further rates loan prematurely. For this it can give different reasons. If lending rates at the time of the planned restructuring are significantly cheaper than for the current installment loan, then a reason can be that. The cost design of the credit institution is crucial. Although it is ultimately a remaining installment loan, fees for both rates loans are payable. That is often neglected by the borrower, because the first installment loan is taken up and mentally checked off by replacing a long time ago. The focus is on the new installment loan and the effect obtained debt restructuring, so to get superseded the previous installment loan. Also in this case, an extensive and detailed comparison of credit worthwhile.

Often also a change of the credit institution is associated with the restructuring, including the opening of a new current account. In this case, it is particularly easy to rationalize that associated processing costs incurred for a new installment loan the borrower. The rates credit as a right the borrower usually responds short-term credit on the current situation. The debt restructuring and the success related to have only a single credit commitment, and are also still over extra cash to be able to have.

Popular Financial Advisors

AFA AG: Thomas Schroder of’s most popular financial advisors in North Germany to the system operator of the AFA AG was the result of limits the depreciation system entrepreneur Thomas Schroder of Rostock is the most popular financial advisors in North Germany. This is the result of a survey that is now published by The independent consumer portal has determined the Top10 of the most popular consultant profiles in Schleswig-Holstein and Mecklenburg-Vorpommern. Of the judgments to the services of the system operator of the AFA AG amounted to a total of 93 reviews. Of them, Thomas Schroder received 90 reviews with the best grade 5 star”and only twice 4 star”. “As the AFA system entrepreneurs I have either a bank or an insurance company. Benefit greatly from my clients, because I can absolutely independent advise and recommend the best product with the best price performance ratio on the market,”explains Thomas Schroder, who works for twelve years for the AFA AG in Rostock and trained there for the insurance professional.

On “”, consumers can evaluate their advisers at banks, insurance companies and independent vendors and see other consumer reviews. Each evaluation is carried out without the consent of the consultant and is checked before publication on credibility. It helps consumers who consult on financial issues want to find at any time free of charge and non-binding recommended experts in your area. About AFA AG: The general financial and Assekuranzvermittlung (AFA AG) is an independent financial sales with seat in Berlin and Cottbus. The insurance professionals and system business of AFA AG have a Chamber of Commerce degree and are trained according to the recognized directives. In addition, they are registered in the EU register of brokers and work in accordance with the EU directive for financial services. The individual consultations through intermediaries of AFA AG amounted to around 500,000 in the last ten years.

Every year the AFA AG provides nationwide 750 free training places available and promotes 250 young entrepreneurs. New office locations are in planned throughout Germany. Photographs available on request.

Idea Land

Where it is the arvoredo? It disappeared. Where it is the water? It disappeared. It is the end of the life and the beginning dasobrevivncia. How it is that if it can buy or vender the sky, the heat daterra? This Idea in them seems a little stranger. If we do not possess the coolness to donate and the brightness of the water, as it is possible to buy them. Each land piece is sacred for my people.

Each ramobrilhante of a pine, each sand handful of beaches, the dense nafloresta penumbra, each bare place and insect to buzz are sacred in the memory eexperincia of my people. The seiva that covers the body of the trees carregaconsigo the souvenirs of the red man This shining water that drains in the streams and not apenas rivers water, but the blood of our ancestor. If them to vendermos the land, vocs they must remember that it is sacred, and must teach to its crianasque it is sacred and that each consequence in limpid waters of the lakes says to deacontecimentos and souvenirs of the life of my people. The grumble of waters is the ancestral vozdos my. The rivers are our brothers, saciam our headquarters.

Them they rioscarregam our canoes and they feed our children. If them to vendermos nossaterra, vocs must remember and teach for its children who the rivers are nossosirmos and its also. E, therefore, vocs must, to give to the rivers the goodness would quededicariam to any brother. We know that the white man does not understand ours customs. A portion of land, for it, has the same meant that any another one, pois an outsider who comes at night and extracts of the land everything that needs. The land, for it, she is not its sister, but its enemy and, when it conquest, extracting of it what he desires, continues its way.

Fund Investors

Ship funds: Fehn fleet Fund according to media reports current in financial difficulty the Fehn fleet Fund are in financial difficulties. The reason is they are still ongoing crisis on the ship market, falling Charter rates and the receding demand for cargo ships. The Fehn fleet Fund Schiffahrts GmbH & co. KG is a so-called Fund of funds, which is composed of a total of five ships. MS Fehn Mistral ships, MS Fehn Antares, MS Fehn Castle, MS Fehn Sirius and MS Fehn Mirage were built in the years 1993 to 2008 and purchased for a total of about 11.24 million. The equity ratio amounted to around 12.2 million euros at the time of the first mission, whereas amounted EUR 19.8 million debt. Investors can dissolve at the end of the year 2017 by the company by ordinary termination. Currently, the Fund is in a tense economic situation.

Already since the year 2009, the investors receive not the freaking once distributions more. Falling Charter rates are the reason. These in turn caused by the decline in demand and the overall poor situation on the ship market. A corporate restructuring, with 9% of the dividends are to be paid back by the investors and 5% provided new capital of these is scheduled now. It is questionable whether this concept is successful.

Among the lenders, there is currently a large uncertainty. Affected investors the Fehn fleet Fund can claim in this situation may damage claims. Such claims arise from incorrect advice and/or prospectus errors. A wrong advice is given, if the investor with the procurement of a ship Fund participation in the consultation does not or not sufficiently is have been told about the risks of the investment. Prof. Dr. Thieler – Prof. Dr. Boh – Thieler – Seitz contact: Rechtsanwaltsgesellschaft mbH Stefan A. Seitz Attorney and lawyer specializing in banking law and capital market law Ward Councillor Juan Street 80 81379 Munich Tel.: 089/72 30 87 65 fax.: 089/55 03 80 8 E-Mail: Internet: is the firm for decades in the focus in the active capital investment law. Concerned investors will receive expert advice in the different areas of law. The author is lawyer and lawyer specializing in banking law and capital market law and has represented numerous investors to banks and financial institutions in many years.

Chief Financial Officer

“” Dr. Andreas d posted chapter to the newly published book ‘ transparency rating’ Stuttgart, 13.03.2013 – In the framework of the new release of the anthology transparency rating – ways to the efficient analysis and evaluation of the accounts of companies “the CFO of Integrata AG, Dr. Andreas Dahmen, in cooperation with the staff of Bjorn Schurmann has a separate chapter on the topic of limits and possibilities of the ratings from an enterprise perspective” published. The presentation of the newly published book takes place on 14 March 2013 to 13:30 at the Frankfurter Presseclub. The book is a collection of various posts on the topic of financial reporting of companies from different perspectives. The finance and controlling expert, Dr.

Dahmen, has years of experience in the financial integration of companies and deals with actionable methods to improve corporate transparency. To Dr. Andreas d explains: it would be desirable, if lawmakers the legislation for companies and banks so could create an incentive for improving corporate transparency. This experience-based, quantitative and qualitative factors on the basis of a defined procedure for assessing should be consulted.” The collection of essays aims to provide scientifically founded knowledge for the accounting, financial reporting and corporate governance further practical experience reports. The book has been published in the Springer-Gabler Verlag, the publishers are: Dr.

Oliver Everling, Peter Schaub and Rolf Stephan. Integrata AG the Integrata AG is the leading manufacturer-independent full service provider of training services in Germany. The approach of Integrata training is geared to the value chain and extends to ensuring the sustainability of strategy, analysis and development, organization and implementation. It includes various forms of learning such as seminars, workshops, E-learning, simulations, training on the job, coaching, and mentoring. The offer includes both open and in-house seminars to more than 1,300 topics from information technology and human resources and organizational development and on the other hand qualification projects and managed training services. Topics give an insight into the variety of possibilities like certification in project management, train the trainer training, system and software development and leadership training. With these services, the company offers integrated solutions, depending on demand standardized or individualized, project-oriented or service-oriented. Detailed industry knowledge, international training projects, the network of local and international speakers, as well as certification in accordance with recognized national and international standards document the performance of the Integrata AG. Numerous customer projects demonstrate the successful implementation of the challenges. Press contact: Integrata AG Zettachring 4, 70567 Stuttgart Tel. + 49 711 62010-269 fax + 49 711 62010-172 mobile + 49 160 94412575 Beatrice guardian-Nigl (spokeswoman) Danny Klein (press officer)

Managing Director

Munich financial broker pool report good business in all six divisions Munich, 01.10.2013 the Fund financial Broker service GmbH has 2013 with revenues amounting to EUR 47.9 million in the first half of the year (py EUR 46.1 million) earns the highest half-year result of in company history. The record is supported by a good business development in all six divisions. The broker pool expects a result of from ordinary activities of EUR 3 million for the full year (previous year: EUR 7.2 million). The decline is located on high levels of investment in the strategic development of the divisions construction financing, property and investment. The number of staff is expected to grow to more 30 employees by the end of the year.

The Fund finance can look back on the terms of sales-best first half of its history. Worn by a very good business in all six divisions the commissions (45.7 million euros) and other revenues (EUR 2.2 million) have evolved very positively. The record is a good one in the first half of “Indicator for our positioning in the market and shows that we us best have adjusted to changing conditions”, says Norbert Porazik, Managing Director of the Fund financial. For the full year, the broker pool anticipates a result of from ordinary activities of EUR 3 million and a profit (EAT) in the low millions. The decline in profit compared to the previous year explains Tim Broning, Member of the Executive Board and responsible for the finance, with the high level of investment of in strategic projects of the pool: In the coming year, we will make a giant step forward. We introduce an own category mortgages, commercial property starts with full force and Division we can expect to encounter investment a consolidated platform and some other innovations leading to the German broker pools. This expansion of our offer will initially cost money, but brings us into the future-safe and stable revenue”.

Federal Constitutional Court

Before the Federal Constitutional Court declared the inheritance tax law may be partly for ineffective, yet substantial inheritance taxes can be saved company succession and greater wealth. The Constitutional Court examined the inheritance tax and gift tax law on its constitutionality. Still business assets can be transmitted virtually tax-free lifetime transfers on the next generation. That may be changing soon. Therefore, experts advise to act now and take advantage of the time remaining. Until end of 2008 the inheritance tax law (ErbStG) was comprehensively amended after the Federal Constitutional Court (BVerfG) had declared parts of the old rules unconstitutional. But even after the amendment to the constitutional doubts.

The Bundesfinanzhof (BFH) has presented the law to review the Constitutional Court therefore end 2011. A decision is expected in the first quarter of 2014. In the summer of this year, the legislature has a number already by a further act of Plugged tax loopholes. In particular the so-called cash LTDs, involving large cash tax-free were being given away, was destroyed. In addition to the already prevented cash limited liability companies, it is the Federal fiscal court and with him a thorn in the side of that business assets (still) very strong transparency inherited or given away can be the tax authorities, while there are not these favoured possibilities for private assets. He looks hurt therefore the principle of equality. Although the Federal Constitutional Court in an earlier decision had expressly for allowed a privileging of company assets, (keyword job security) would be connected in the long run for the benefit of the common good and unlike normal private not any could be issued as. However, a restriction of the tax breaks for the transfer of business assets is widely expected. A whole range of designs is entirely legal possible, which Assets completely tax-free or at least tax-free can be transferred to a large extent.

BSA Academy

An impression of the congresses of in recent years including impressions videos, participants voices, interviews with the keynote speakers and a picture gallery are there as well. Successfully in the growth market of the BSA Academy a leading education provider in the market of the future is two Saarland company with ca. 140, 000 participants since 1983 prevention, fitness, sports and health. With the help of over 50 certified and approved courses, career changers how fitness professionals can individually qualify: getting started in the industry succeed with B license “-Lehrgangen such as for fitness, training, nutrition and mental fitness. “” “Based on the step-by-step training occurs up to the end of the professional such as fitness coach-A license” BSA-personal – trainer certificate “, teachers of nutrition” or Manager for fitness and leisure facilities “. BSA qualifications “” allow the preparation to the public Chamber of Commerce exams fitness specialist Chamber of Commerce “and specialist for prevention and health promotion Chamber of Commerce”.

Since 2009, leadership for bath businesses is the BSA course”also a preparation for the exam to the marked One for bad firms”possible. About BSA participants with the Chamber of Commerce certificate course can specialist for occupational health management (CCI) “and the practical workshop consultant for corporate health management” qualify to experts in corporate health management. A further qualification is the specialist UVSV”to come, these content optimally on a certification after the UV protection regulations prepared, which can then be placed in the BSA-Zert. The BSA Academy, the acquisition of knowledge is done by distance learning and compact presence phases in nationwide training centres. So, the qualification can be arranged optimally with professional and personal commitments. A promotion is for example. possible by the federal employment agency, master BAfoG, the vocational promotion service of the Bundeswehr and regional funding. Many BSA attendance phases can be completed during the BSA course travel Majorca, which takes place in May and September.