Archive for April, 2014

Halfyearly Financial Report

Monday, April 28th, 2014

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

Friday, April 25th, 2014

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

Friday, April 25th, 2014

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

Tuesday, April 22nd, 2014

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 WhoFinance.de. 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 “WhoFinance.de”, 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.

Refinancing Register

Tuesday, April 22nd, 2014

The refinancing register is still a shadowy existence. Wrongly, because the banks that are comfortable, use it in different ways for a cheap funding In September 2005, the regulations to the refinancing register were newly regulated. To recast of the paragraph 22a was ff of the German Banking Act. Originally, the securitisation of so-called true sales should be facilitated by the revision mainly mortgage banks. The banking industry is true sales the sale of receivables to a special purpose vehicle formed specially for the occasion. This company issued in Exchange securities in the financial market to refinance the purchase of receivables. The payments of the debtor continues to be on the selling company that distributes the payments to the special purpose vehicle. For a mortgage bank is the benefits of securitization of true sales in the extraction of liquidity and in the transfer of loan risks to the SPV.

Once a claim or a security properly in the refinancing register registered, will receive the transfer authorized a special retirement rights if the refinancing company must apply for insolvency. In accordance with the Act registered securities and claims are therefore not in the bankruptcy estate of the re financial undertaking and protected therefore prior to the enforcement of an arrest or a foreclosure. Credit institutions, which acted not only as mortgage banks, quickly recognized the benefits of the refinancing register. By using the registry, the banks and savings banks can react flexibly and cost-effectively on their liquidity needs. Pfandbriefstelle also can be carried out easier. All on the assets side of the balance sheet assets of a credit institution can be transferred to a special purpose vehicle. Register liens on a plane or ship mortgages are among the assets to such liens, claims against third parties. To transfer a call to the special purpose vehicle, a registration in the register of refinancing must be the exact meets the legal requirements.

In the register are not necessarily required in paper form. In the refinancing register Regulation (RefiRegV) and in the paragraph 22a ff of the German Banking Act ist laid down in detail, which needs a special software must meet in order to genugen the electronic management of the refinancing register. The electronic register guide offers many advantages over the register in paper form banks and savings banks. With both types of register management, monitoring and checking of the regularity but carried an administrator employed by the Federal Agency for financial services supervision (BFin). A good software to conduct a refinancing register complies with all statutory requirements for the proper registration of claims and collateral including the storage of all changes and deletions. In addition the software offers more, the registered data economically to evaluate and to create individual reports. The input of the data should be user friendly and changes or deletions must be always easy to understand. So, banks get a cost effective and easy way of refinancing and the tax credit risks, have cleaned up their balance sheet.

Idea Land

Sunday, April 20th, 2014

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.

Ornamental Reason

Sunday, April 20th, 2014

At last, our lamentable trend to the Ornamental Reason. Perhaps Oswald de Andrade has been one of that they had tried to inaugurate a brazilian typical thought, it made and it through the sarcasm. According to author, Oswald tried to construct a speech that really we are, according to on to our not mentally ill reality and to the foreign teses that ornamentao usefulness only has here. However, Oswald de Andrade was relegated, therefore that, as ' ' scholars and srios' ' , philosophy and satirical mood are irreconcilable subjects. In Brazil, it still occurred in the past an unfolding of the ecleticism (current that it was dominant in Brazil) and gave origin to the other species of philosophical positioning between the scholars: the Positivismo. The Positivismo means to legitimize what it is effective, to agree and to say yes to already existing and the rank. this phenomenon alone occurred in the interest of the ruling classes.

It is verified, for the analysis of the production philosophical understood it enters the end of century XIX and beginning of century XX, the influence of two chains: the ecleticism and the positivismo. Even though other manifestations of thought that had arrived here at this time had been absorbed, or dimmed, for these two sources. The Ecleticism, to being absent of critical criteria, simply opted to receiving what it was en vogue, for the simple acceptance, for yes. From there the Positivismo appeared. The positivismo suffers the same of error of the ecleticism: to be poor of critical sense in its formularizations. While the accepted Positivismo the effective thought without questioning it, the Ecleticism conciliates the diverse teses and ignores the antagonisms between them. The Positivismo gained space mainly between-we in reason of the cultural emptiness of which we suffer. Sylvio Romero noticed that the positivismo alone avenged and had conditions of continuity in Brazil because it was installed in the dominant groups in the period of the installation of the Republic, having an excellent paper in the transistion of the monarchic government for the republican in end of century XIX.

E the filiados ones to the positivista thought had started to exert fort at the beginning influence of the Republic. It can be said that the military had assumed the power when implanting the Republic, and the positivistas had given to the legitimacy and arcabouo ideological to justify it. Militarismo and Positivismo if had joined in the formation of the Republic and, in analyze of the history and the events of the time, if some of these ' ' partidos' ' it had done without the other in support, both would have failed in its objectives. BIBLIOGRAPHY GOMES, Robert. Critical of the brazilian reason. Chapter I the X. 12 Ed. Curitiba-PR: To create Editions, 2001, pp. 09/91.

Fund Investors

Sunday, April 20th, 2014

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.

April Financial

Saturday, April 19th, 2014

Since the beginning of this year all consultants and intermediaries of financial assets must demonstrate expertise, to continue to exercise their profession. As an issuer of capital market products, also the underwriter Faraman collaborates with numerous independent financial advisors from all over Germany. The company attaches great importance to a uniform standard in quality and qualifying its sales partners and therefore exclusively offers the opportunity, training to the / r certified financial specialist plant / – woman IHK in-house to complete. A corresponding change of the GewO stipulates that investment intermediaries must basically provide the so-called certificate of competence by checking at the Industrie – und Handelskammer. From the test as tested / r financial expert investment management assistant Chamber of Commerce”is only exempt, who holds an equivalent training or as financial investment intermediaries is continuously active since January 1, 2006.

Also the underwriter Faraman works as an issuer of capital market products with numerous independent financial advisors from all over Germany together. The company attaches great importance to a uniform standard in quality and qualifying its sales partners and therefore exclusively offers the opportunity, training to the / r certified financial specialist plant / – woman IHK in-house to complete. The in-house training on-site in Magdeburg starts on 15 February 2013. Already in April the participating financial institutions will drop then their exams at the Chamber of Commerce.The underwriter Faraman cooperates with the Organization of the course with the GOING PUBLIC! Academy for Finanzberatung AG. The Academy founded in 1990, is one of the leading providers of skills training, personnel development and consulting for the financial services industry. The distributor of the emission house corporate training offers the advantage quickly to acquire the legally prescribed qualification and to concentrate solely on personal preparation for the social studies exam.

Chief Financial Officer

Thursday, April 17th, 2014

“” 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)