Interest payments of the Dessauer Pauly biscuit AG overdue the Dessauer biscuit manufacturer Pauly biscuit AG a loan with 5 years brought 2010 term and an interest rate of 7.5% in the volume of EUR 8 million out. Having bought the interest for 2010 still on time, investors waiting now since January 18 this year in vain on interest rates for 2011. Rumors about the company’s ability to pay are circulating on the Internet. After release of the Mitteldeutsche Zeitung, the Pauly biscuit AG in an E-Mail to investors should have admitted that due to the overall economic development within the last months the company under pressure was advised and have to deal with a liquidity squeeze. There might be something off, because according to the annual report 2009 decreased revenues by approximately 26 million in 2008 to about 21 million and at the same time, the loss of 86,000 EUR rose to 425,000 EUR. Little is reassuring, that the company in January its name to 1.
Dessauer Beteiligungs AG changed its seat has moved to Herford. Finally still a Swiss investor against a commitment of Pauly biscuit AG should have decided. Because the Pauly biscuit AG with interest payments already well over 30 days in arrears, investors can cancel their bonds. While they should take legal assistance, upon the termination of some formalities are taken into account. The termination is possible however only as long as the Pauly biscuit AG not paid the interest. Therefore, investors who no longer trust the company, better hurry.