Mühl Product & Service

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Mühl Product & Service Aktiengesellschaft
legal form Corporation
ISIN DE0006628100
founding February 13, 1995
Seat Kranichfeld , GermanyGermanyGermany 
management
Number of employees 0
sales (no sales, only expenses 2018)
Branch Holding company
Website muehl.ag
As of December 31, 2018

The Muehl Product & Service AG (short Mühl AG ) is a German investment company in the field of construction materials segment , based in Kranichfeld . The company's core business is acquiring, holding, managing and selling investments. Until the bankruptcy in 2002, the company was considered the largest building materials dealer in Eastern Germany. The company's share is traded in the General Standard and is included in the CDAX .

history

According to its own information, the company was founded on December 12, 1994; on February 13, 1995 the company was first entered in the commercial register at the Jena local court. On August 25, 1995, the company went public on the Frankfurt Stock Exchange and in 1998 was admitted to the Neuer Markt . In the 1995 financial year when it went public, the company achieved sales of DM 275 million  . In the 1997 financial year, Mühl AG achieved sales of around DM 700 million with 1,015 employees. In the 1998 financial year, sales of DM 980 million were reported. At the beginning of 2000, the trading company H. Overesch & Co. KG with headquarters in Herne including 110 employees was taken over. For the year 2000 a turnover of more than 1.38 billion DM was achieved.

In 2001, sales fell for the first time since the IPO and a loss of around EUR 59 million was reported for the first nine months. At the end of 2001, the banks granted the company a deferred loan until the end of April 2002. In April 2002, insolvency proceedings were filed and the insolvency proceedings opened in early July 2002. At the time of filing for bankruptcy, Mühl AG had 1230 employees. The intention of the insolvency administrators was to keep 630 jobs and to qualify the remaining 600 for the labor market through employment companies .

In 2005 the public prosecutor's office in Mühlhausen investigated eleven former board members of Mühl AG for fraudulent bankruptcy. In 2010 the proceedings against former CEO Thomas Wolf were discontinued after a cash payment.

In November 2015, the company was reorganized as an investment company. In mid-2016, an insolvency plan for restructuring was presented, according to which Thomas Wolf committed to pay 500,000 euros into the bankruptcy estate. After the creditors' meeting approved the plan in December 2016, the insolvency proceedings were lifted in November 2017 and Mühl AG was able to continue its business activities. After the end of the insolvency proceedings, the company generated a balance sheet restructuring profit of around EUR 203 million. This resulted in tax obligations of around EUR 58 million, which, however, were waived by the Jena tax office, since otherwise the company would have become insolvent again.

Web links

Individual evidence

  1. ↑ commercial register of the Muehl Product & Service Aktiengesellschaft from Kranichfeld (HRB 107864). In: www.online-handelsregister.de. Retrieved October 24, 2019 .
  2. ^ Mühl Product & Service Aktiengesellschaft, Kranichfeld. In: www.northdata.de. Retrieved October 24, 2019 .
  3. ^ Mühl Product & Service Aktiengesellschaft, Kranichfeld - company information. In: www.firmenwissen.de. Retrieved October 24, 2019 .
  4. ↑ Board of Directors. In: muehl.ag. Retrieved October 24, 2019 .
  5. ↑ Supervisory Board. In: muehl.ag. Retrieved October 24, 2019 .
  6. ↑ a b c d Revised Annual Report 2018. (pdf) In: muehl.ag. Retrieved October 24, 2019 .
  7. ↑ a b mdr.de: Thuringian tax office issues Mühl taxes | MDR.DE. Retrieved October 24, 2019 .
  8. ^ Share information: Mühl Product & Service Aktiengesellschaft. In: www.boerse-frankfurt.de. Retrieved October 24, 2019 .
  9. ^ Mühl Product & Service, Thuringian Building Materials Trade - Historical Securities. In: www.sammleraktien-online.de. Retrieved October 24, 2019 .
  10. ↑ MUEHL PRODUCT SHARE | Realtime rate | Dividend | News. In: www.boerse.de. Retrieved October 24, 2019 .
  11. ↑ MÜHL AG press release on the preliminary results for the 1998 financial year. In: www.dgap.de. January 19, 1999, accessed October 24, 2019 .
  12. ↑ Mühl builds a modern construction factory in Berlin. In: www.tagesspiegel.de. April 29, 1998. Retrieved October 24, 2019 .
  13. ^ Ad hoc service: Quarterly report of Mühl AG for the fourth quarter of 1997. In: www.dgap.de. March 30, 1998, Retrieved October 24, 2019 .
  14. ↑ Ad hoc service: press release on the occasion of the annual press conference of Mühl AG on April 28, 1999. In: www.dgap.de. April 28, 1999, accessed October 24, 2019 .
  15. ↑ Ad hoc service: Mandatory notification on the takeover of H. Overesch & Co. KG. In: www.dgap.de. January 11, 2000, accessed October 24, 2019 .
  16. ↑ Ad hoc service: 6th track record in sales and earnings in a row since the IPO. In: www.dgap.de. March 30, 2001, Retrieved October 24, 2019 .
  17. ↑ Mühl Product & Service: Quarterly report as of 09/30/2001. In: www.dgap.de. November 30, 2001. Retrieved October 24, 2019 .
  18. ↑ Construction: Is Mühl Product running out of money? ISSN  0174-4909 ( faz.net [accessed October 24, 2019]).
  19. ↑ Mühl Product & Service: Course of the investor talks. In: www.dgap.de. December 21, 2001, accessed October 24, 2019 .
  20. ↑ Mühl Product & Service: Insolvency proceedings were opened on July 1, 2002. In: www.dgap.de. July 2, 2002, accessed October 24, 2019 .
  21. ↑ Sandy Möser is the loyal gamekeeper in Wolf's territory. In: www.bilanzcowboys.de. May 27, 2017. Retrieved October 24, 2019 .
  22. ^ Correction of the corporate purpose of November 23, 2015. In: www.northdata.de. Retrieved October 24, 2019 .
  23. ↑ Mühl Product & Services AG iL: Insolvency plan for the restructuring of the company presented - dgap.de. In: www.dgap.de. June 10, 2016, accessed October 24, 2019 .
  24. ↑ Mühl Product & Service AG - Insolvency proceedings are canceled. In: insolvenz-portal.de. February 8, 2017, accessed October 24, 2019 .