i translate the article for you in english
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BBS Kraftfahrzeugtechnik AG in Schiltach (Rottweil), one of the leading manufacturers of light alloy wheels, has put insolvency application.
As a reason for the insolvency the enterprise on Tuesday gave the road break of a bank.
A rallying solution has failed.
The technology leader with high-quality light alloy wheels had still informed shortly before of the change at the head of the supervisory board.
The former Minister for Economic Affairs from Baden-Wuerttemberg Walter Döring should remove Hans-Peter Hirner (71).
BBS had informed in August, 2006 that the enterprise must accept a result depression because of the aluminium prices snapped strongly upwards. The posttax result sank in the first half-year on below 3.8 million euros.
For 2006 BBS had expected a turnover from 200 million euros. The turnover of 2005 lay with 189.8 million euros. BBS occupies about 1200 people in the group.
"Although at the time of the application position still promising negotiations were led to the restoration of the solvency of the enterprise, the reason was for the application position that the society had got in serious liquidity trouble and the end of the application term stood after section 92 of the stock law before the expiry" , if one said in the communication of BBS.
Last a solution has stood out for the restoration of the solvency which should be carried by the great customers of the enterprise. To provide the assent of the great customers, the necessary liquidity by bigger prematurity payments, have also been given.
However, the conversion of the draught has failed on the night of Tuesday because of the opposition of one of the involved banks, although the society has put away for the financing banks for the purpose of the continuation of the financing securities.
Hence, a rallying solution under factoring out of the concerning bank has not taken place any more.
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i hope you can decipher this...
adioz, flo
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BBS Kraftfahrzeugtechnik AG in Schiltach (Rottweil), one of the leading manufacturers of light alloy wheels, has put insolvency application.
As a reason for the insolvency the enterprise on Tuesday gave the road break of a bank.
A rallying solution has failed.
The technology leader with high-quality light alloy wheels had still informed shortly before of the change at the head of the supervisory board.
The former Minister for Economic Affairs from Baden-Wuerttemberg Walter Döring should remove Hans-Peter Hirner (71).
BBS had informed in August, 2006 that the enterprise must accept a result depression because of the aluminium prices snapped strongly upwards. The posttax result sank in the first half-year on below 3.8 million euros.
For 2006 BBS had expected a turnover from 200 million euros. The turnover of 2005 lay with 189.8 million euros. BBS occupies about 1200 people in the group.
"Although at the time of the application position still promising negotiations were led to the restoration of the solvency of the enterprise, the reason was for the application position that the society had got in serious liquidity trouble and the end of the application term stood after section 92 of the stock law before the expiry" , if one said in the communication of BBS.
Last a solution has stood out for the restoration of the solvency which should be carried by the great customers of the enterprise. To provide the assent of the great customers, the necessary liquidity by bigger prematurity payments, have also been given.
However, the conversion of the draught has failed on the night of Tuesday because of the opposition of one of the involved banks, although the society has put away for the financing banks for the purpose of the continuation of the financing securities.
Hence, a rallying solution under factoring out of the concerning bank has not taken place any more.
---
i hope you can decipher this...
adioz, flo
