natgillin/translations-raw huggingface dataset:
The only option which would have led to long-term viability, according to the business plan, was the construction of a new wine cellar in the area of the depot of the Steinberg vineyard and the relocation of the management and wine shop of Hessische Staatsweingüter to Kloster Eberbach.
Edina strateška možnost, ki bi na podlagi poslovnega načrta privedla do dolgoročne donosnosti, bi bila izgradnja nove vinske kleti na območju skladišča posestva Steinberg in prenos uprave družbe Hessische Staatsweingüter in njene vinoteke v samostan Eberbach.
This option assumed that the Land had to take over the liabilities accrued by the wine business by the end of 2002.
Pri tej možnosti se je izhajalo iz tega, da bi morala dežela prevzeti obveznosti vinarske dejavnosti, nakopičene do konca leta 2002.
The total investment cost for the new wine cellar was estimated at EUR 15 million, which was supposed to be financed partly by sale of non-essential real estate and partly by debt capital.
Naložbeni stroški za novo vinsko klet so bili ocenjeni na skupno 15 milijonov EUR in naj bi bili financirani deloma s prodajo poslovno nepotrebnih zemljišč in deloma s tujim kapitalom.
The respective business plan model would have led to a first positive contribution margin of Hessische Staatsweingüter in financial year 2006/2007 and to positive cash flows from the financial year 2008/2009 onwards.
V skladu z osnutkom poslovnega načrta bi bila v poslovnem letu 2006/2007 dosežena prva pozitivna bruto marža družbe Hessische Staatsweingüter in v poslovnem letu 2008/2009 prvi pozitiven denarni tok.
The necessary allowances of the Land to cover the cash flow needs in the first years of the restructuring from 2003 onwards would have amounted to a total of some EUR 4,3 million.
Nadomestila dežele, ki bi jih potrebovali za kritje potreb po denarnih sredstvih, bi v prvih letih prestrukturiranja od leta 2003 znašala približno 4,3 milijona EUR.
Due to a change in the market situation and other conditions (including a flood and the general economic situation in Germany), the June 2002 business plan had to be updated in September 2002 and the financial model revised.
Zaradi spremenjenih razmer na trgu in drugih pogojev (med drugim zaradi splošnega gospodarskega položaja v Nemčiji in poplave) je bilo treba v septembru 2002 posodobiti junijski poslovni načrt iz leta 2002 in spremeniti finančni osnutek.
According to the revised model, the delay in Hessische Staatsweingüter becoming profitable would have made additional allowances of some EUR 3,4 million from the Land necessary.
Na podlagi spremenjenega osnutka bi bila zaradi zakasnitve doseganja donosnosti družbe Hessische Staatsweingüter potrebna dodatna nadomestila dežele v višini približno 3,4 milijona EUR.
By cabinet decision of 10 December 2002 the Hessen government decided to transform the wine-business into a newly founded limited company, the Hessische Staatsweingüter GmbH Kloster Eberbach (hereinafter: ‘GmbH’), effective as of 1 January 2003.
Vlada dežele Hessen je z vladnim sklepom z dne 10. decembra 2002 sklenila, da se pravna oblika družbe, ki opravlja vinarsko dejavnost, spremeni v d. o. o. (GmbH), z učinkom 1. januarja 2003, torej v Hessische Staatsweingüter GmbH Kloster Eberbach (v nadaljevanju: „GmbH“).
The Hessen authorities refer to this process as ‘formal privatisation’.
Organi dežele Hessen so ta postopek označili za „formalno privatizacijo“.
The cabinet also decided to build a new wine cellar in the area of the Steinberg depot and to move the administration from Eltville to Eberbach (realisation of the third strategic option presented in the business plan).
Poleg tega je vlada sklenila, da se zgradi nova vinska klet na območju skladišča posestva Steinberg in prenese uprava iz Eltvilla v Eberbach (uresničevanje tretje strateške možnosti, predstavljene v poslovnem načrtu).
The current assets and the movable operating fixed assets of the former Landesbetrieb Hessische Staatsweingüter, amounting to a total of some EUR 7,3 million, as well as some short-term liabilities and provisions were transferred to the GmbH.
Gibljiva sredstva in poslovno potrebne premičnine nekdanje družbe Landesbetrieb Hessische Staatsweingüter v vrednosti približno 7,3 milijona EUR in nekatere kratkoročne obveznosti in rezerve so bili preneseni na GmbH.
The essential immovable fixed assets (the cultivated land and the buildings) were incorporated into what is known as a ‘Betrieb gewerblicher Art’ (a commercial institution established under public law and 100 % owned by the Land) and leased by the GmbH.
Poslovno potrebne nepremičnine (obdelana zemljišča in zgradbe) so bila vključena v tako imenovano družbo Betrieb gewerblicher Art (javnopravni gospodarski zavod v stoodstotnem lastništvu dežele) in jih ima GmbH v zakupu.
According to the information provided, the lease rates were fixed on the basis of two expert’s reports on the determination of the lease value (Pachtwertermittlungsgutachten), which were presented by the Hessen authorities.
Po predloženih informacijah je bila na podlagi dveh izvedenskih mnenj o vrednosti zakupa, ki so ju predložili organi dežele Hessen, določena zakupnina.
According to the Hessen authorities, the aim of the Land was to provide enough capital to the GmbH under a comprehensive investment plan to safeguard its medium and long-term economic viability in the international wine markets, without public financing.
Po navedbah organov dežele Hessen je dežela Hessen hotela družbi GmbH v okviru splošnega naložbenega načrta dati na razpolago dovolj kapitala, da bi ji zagotovila srednje- in dolgoročno donosnost na mednarodnih trgih vina brez državne pomoči.
By the end of 2002 the Landesbetrieb had accumulated debts of EUR 1,792 million to the Land Hessen. The Land made a provision in the addendum to the 2002 budget writing off this debt on 31 December 2002.
Do konca leta 2002 so se obveznosti družbe do dežele Hessen povečale na 1792000 EUR. Te obveznosti je dežela z 31. decembrom 2002 odpisala z ustrezno kalkulacijo v dodatku k proračunu za leto 2002.
On its inception in January 2003, the Land endowed the GmbH with an initial EUR 1 million (subscribed capital).
Ob ustanovitvi januarja 2003 je dežela Hessen družbi GmbH dala najprej 1 milijon EUR (vpisani kapital družbe).
The transfer of assets (and some liabilities), debt write-off and the initial capital injection gave the newly created GmbH equity capital of approximately EUR 7,6 million (around 91 % of the balance sheet total).
S prenosom sredstev (in nekaterih obveznosti), odpisom dolgov in začetnim kapitalskim vložkom je lastniški kapital na novo ustanovljene družbe GmbH znašal približno 7,6 milijona EUR (približno 91 % bilančne vsote).
The business plan of September 2002 was updated again in February 2003 (business plan of 26 February 2003, extended to include complete profit and loss planning) and then again in November 2003 (business plan of 28 November 2003).
Poslovni načrt iz septembra 2002 je bil spet posodobljen v februarju 2003 (poslovni načrt z dne 26. februarja 2003 je bil dopolnjen s popolnim načrtom dobička in izgube) in nato še enkrat v novembru 2003 (poslovni načrt z dne 28. novembra 2003).
In this context, an expert’s report on the market positioning and economic viability of comparable vineyards in Germany and the European Union (Kurzgutachten – Die Marktstellung und Wirtschaftlichkeit von mit der Hessischen Staatsweingüter Kloster Eberbach GmbH, Eltville, vergleichbaren Weingütern in Deutschland und der Europäischen Union; ‘Hoffmann report’) was submitted to the Commission by the Hessian authorities.
V zvezi s tem so organi dežele Hessen Komisiji predložili izvedensko mnenje o položaju na trgu in ekonomičnosti primerljivih vinogradov v Nemčiji in Evropski uniji (Kratko izvedensko mnenje – Položaj na trgu in ekonomičnost z družbo Hessische Staatsweingüter Kloster Eberbach GmbH v Eltvillu primerljivih vinogradov v Nemčiji in Evropski uniji, prof. dr. Dieter Hoffmann, Forschungsanstalt Geisenheim, april 2005 (Kurzgutachten – Die Marktstellung und Wirtschaftlichkeit von mit der Hessischen Staatsweingüter Kloster Eberbach GmbH, Eltville, vergleichbaren Weingütern in Deutschland und der Europäischen Union; von Prof. Dr. Dieter Hoffmann, Forschungsanstalt Geisenheim, April 2005); v nadaljevanju „Hoffmannovo mnenje“).
For this report, the Geisenheim research centre conducted regular business analyses of more than 130 vineyards to determine average profitability indicators for the industry.
Pri tem poročilu je Forschungszentrum Geisenheim uporabil redno izvedene analize podjetij več kot 130 vinogradov, da bi ugotovil povprečne kazalnike donosnosti v panogi.
According to the Hoffmann report, vineyards and potential owners from other industries are interested in long-term and sustainable rates of return.
Na podlagi Hoffmannovega mnenja se vinogradniki in morebitni lastniki zunaj dejavnosti zanimajo za dolgoročen in vrednostno stabilen prihodek iz kapitala.
The analysis determined an average rate of return on equity of 1,9 % for the 1992–2003 period for all the vineyards analysed.
Analiza za obdobje od leta 1992 do leta 2003 za vse pregledane vinograde je pokazala 1,9-odstotno povprečno donosnost lastniškega kapitala.
The top vineyards achieved an average rate of return of 11,7 %.
V vodilnih vinogradih je bil dosežen 11,7-odstotni povprečni donos lastniškega kapitala.
According to the information provided, the top vineyards analysed cannot be compared directly with Hessische Staatsweingüter as the former are family businesses and the profitability indicators would have to be adjusted to take account of the staff costs of external management.
Na podlagi predloženih podatkov se raziskani vodilni vinogradi ne morejo neposredno primerjati z družbo Hessische Staatsweingüter, ker so prvi družinska podjetja in je treba kazalnike donosnosti popraviti z izdatki za osebje zunanjega upravljanja.
After this adjustment (allowing for the costs of one technical and two financial managers), the report determines an average return on equity for top vineyards of around 2 % (1992 to 2003) and 3 % (1998 to 2003), which should, according to the Hessen authorities, be the benchmark for the financing of Hessische Staatsweingüter.
Po tem popravku (ob upoštevanju stroškov za tehničnega vodjo in dva poslovodja) se v poročilu za vodilne vinograde izkazuje približno 2-odstotna (1992–2003) oziroma 3-odstotna (1998–2003) donosnost lastniškega kapitala. Po mnenju organov dežele Hessen je treba te vrednosti uporabiti za primerjavo pri financiranju družbe Hessische Staatsweingüter.
The Hoffmann report furthermore estimates that it will take at least ten and on average ten to fifteen years for restructured vineyards or larger-scale long-term investments to break even.
V Hoffmannovem mnenju se ocenjuje, da bi pri prestrukturiranju vinogradov ali pri večjih dolgoročnih investicijah trajalo najmanj 10 in povprečno od 10 do15 let, da bi bil dosežen prag dobička.
The Hessen authorities indicated that the underlying financial models were based on a very conservative planning approach.
Organi dežele Hessen so navedli, da so predloženi finančni osnutki temeljili na zelo konservativnem pristopu načrtovanja.
According to the information provided, the business plan of 26 February 2003 was audited by KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft (KPMG) and classed as very conservative in terms of a worst-case scenario.
Družba KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft (KPMG) je na podlagi predloženih podatkov preverila poslovni načrt z dne 26. februarja 2003 in ga ocenila kot zelo konservativnega v smislu najslabše možnega scenarija.
Equity financing of new wine cellar
Financiranje nove vinske kleti z lastniškim kapitalom
The Land Hessen has now provided further equity to Hessische Staatsweingüter GmbH Kloster Eberbach for the construction of the new underground wine cellar.
Dežela Hessen je družbi Hessische Staatsweingüter GmbH Kloster Eberbach sedaj dala na razpolago še dodaten kapital za izgradnjo nove podzemne vinske kleti.
According to the information provided this investment is central to the GmbH achieving medium and long-term profitability (see recitals 23 to 25) and is necessary in view of the structural deficiencies of the old cellar in Eltville, in order to maintain the quality of the wine and ensure compliance with international food standards.
Na podlagi predloženih podatkov je bila ta naložba odločilen ukrep za doseganje srednje- in dolgoročne donosnosti GmbH (glej recitale 23 do 26) in je zaradi strukturne pomanjkljivosti stare vinske kleti v Eltvillu potrebna za vzdrževanje kakovosti vina in zagotovitev izpolnjevanja mednarodnih živilskih standardov.
The new cellar is being built in the area of the depot of the Steinberg vineyard.
Nova vinska klet bo zgrajena na območju skladišča posestva Steinberg.
The total investment of around EUR 15 million is partly financed through a capital injection from the Land Hessen.
Celotna naložba v višini približno 15 milijonov EUR je deloma financirana s sredstvi dežele Hessen.
Though not originally provided for in the restructuring plan, the equity financing of EUR 7,5 million, notification of which was given on 6 July 2006, was not a pure equity capital injection but a shareholder loan.
V nasprotju s prvotnim predvidevanjem v načrtu prestrukturiranja financiranje z lastniškim kapitalom v višini 7,5 milijona EUR, ki je bilo priglašeno dne 6. julija 2006, ni bilo dano na razpolago kot čisti kapitalski vložek, ampak v obliki delničarskega posojila (Partiarisches Darlehen).
This shareholder loan is based on a yearly fixed return of 3,7 % with the possibility of capitalising the annual interest until 2014 or 2015 (i.e. payment of 50 % of accrued interest and compound interest in 2014 and 50 % in 2015 respectively).
To posojilo Partiarisches Darlehen temelji na 3,7-odstotni letni fiksni obrestni meri z možnostjo, da se letne obresti pripišejo do leta 2014 oziroma do leta 2015 (to pomeni, da se v letu 2014 oziroma 2015 odplača po 50 % nastalih obresti in obrestnih obresti).
Furthermore, the shareholder loan will, at a rate proportional to the relation of the shareholder loan and the subscribed capital, be included in the annual profit of the GmbH up to a maximum of 25 % of the outstanding principle.
Poleg tega je posojilo Partiarisches Darlehen udeleženo pri letnem dobičku po stopnji, ki ustreza razmerju med posojilom Partiarisches Darlehen in vpisanim kapitalom GmbH, in sicer do višine 25 % neporavnanega zneska posojila.
In October 2006 the profit participation rate was 88 %.
V oktobru 2006 je bila stopnja deleža pri dobičku 88-odstotna.
The shareholder loan will be amortised as of 2021 at a rate of 5 % per year.
Posojilo Partiarisches Darlehen se od leta 2021 odplačuje s 5-odstotno letno obrestno mero.
The shareholder loan is paid out at the request of the GmbH management in line with the investment project’s progress.
Izplačilo posojila Partiarisches Darlehen poteka na zahtevo poslovodstva GmbH skladno z napredkom pri gradnji naložbenega projekta.
The German authorities informed the Commission by e-mail of 14 November 2006 that these decisions would be revoked and the amounts already paid out would be included in the shareholder loan and subject to the same conditions.
Na podlagi podatkov, ki jih je Nemčija 14. novembra 2006 poslala po elektronski pošti, bi bilo treba ta sklepa preklicati in v njunem okviru že izplačane zneske v zvezi z novo vinsko kletjo vključiti v posojilo Partiarisches Darlehen pod pogoji, navedenimi v posojilu.
A business plan for the GmbH updated on 16 October 2006, based on the original planning for 2004-2020 and reflecting the financing conditions for the new wine cellar, was submitted to the Commission by e-mail of 16 November 2006.
Komisija je 16. novembra 2006 po elektronski pošti prejela poslovni načrt GmbH, ki je bil posodobljen 16. oktobra 2006 in ki temelji na prvotnem načrtu za obdobje 2004–2020 ter prikazuje stroške financiranja nove vinske kleti.
According to this business plan, which covered the 2006 to 2020 and 2025 period and provided for a fixed interest rate of 3,7 % for the capital provided, a positive cash flow from results can be expected as from 2010 onwards [4].
Na podlagi tega poslovnega načrta, ki zajema obdobje od leta 2006 do leta 2020 oziroma 2025 in ki za zagotovljen kapital predvideva zajamčeno 3,7-odstotno fiksno obrestno mero, je mogoče pričakovati pozitiven denarni tok iz poslovnega izida od leta 2010 naprej [4].
Net profits should be generated as of 2014.
Presežki bi morali biti doseženi od leta 2014.
This business plan shows a total return on the shareholder loan (including the fixed minimum return of 3,7 %) of some 4,3 % for 2014, reaching a level of more than 13 % in 2020.
Poslovni načrt za leto 2014 prikazuje 4,3-odstotno skupno obrestno mero posojila Partiarisches Darlehen (vključno s 3,7-odstotnim fiksnim minimalnim donosom), ki bo leta 2020 dosegla več kot 13-odstotno raven.
According to the information provided, in its first two operating years (2004 and 2005) the GmbH considerably exceeded its forecast sales and earnings.
Na podlagi predloženih podatkov je GmbH v prvih letih poslovanja 2004 in 2005 znatno presegla načrt prihodkov in dobička.
The remaining finance for the new wine cellar was from a commercial bank loan.
Za preostanek financiranja nove vinske kleti je pridobljeno posojilo poslovne banke.
A corresponding loan offer from Commerzbank AG (with refinancing from the Kreditanstalt für Wiederaufbau) was submitted to the Commission by e-mail of 22 September 2006 for information purposes.
Komisija je 22. septembra 2006 po elektronski pošti informativno prejela ustrezno posojilno ponudbo banke Commerzbank AG (z refinanciranjem banke Kreditanstalt für Wiederaufbau).
It is based on standard credit covenants like a change of control clause [5] and the requirement of a minimum equity ratio of 30 % over the term of the loan.
V ponudbi so običajne tržne določbe, med katerimi je sprememba klavzule o preverjanju [5] in zahteva po 30-odstotnem minimalnem deležu lastnih sredstev med trajanjem posojila.
Reasons that prompted the Commission to initiate the procedure provided for in Article 88(2) of the EC Treaty
Razlogi Komisije za sprožitev postopka v skladu s členom 88(2) Pogodbe ES
In its letter of 20 December 2006 (K(2006) 6605 endg.) informing Germany that it had decided to initiate the formal investigation procedure, the Commission found that the Land Hessen had conferred an advantage on Hessische Staatsweingüter by continuously covering the losses of the wine business before 2003 and that this measure therefore constituted State aid within the meaning of Article 87(1) of the EC Treaty.
V dopisu z dne 20. decembra 2006 (C(2006) 6605 konč.), s katerim je Komisija Nemčijo obvestila o svoji odločitvi o sprožitvi formalnega postopka preiskave, je Komisija ugotovila, da je dežela Hessen s stalnim kritjem izgub iz vinarske dejavnosti pred letom 2003 družbi Hessische Staatsweingütern zagotovila prednost in da sporni ukrep zato pomeni državno pomoč v smislu člena 87(1) Pogodbe ES.
It furthermore expressed doubts as to whether the Land Hessen acted like a market economy investor in connection with the two capital injections of EUR 1 million and EUR 1,225 million.
Poleg tega je izrazila pomisleke glede tega, da je dežela Hessen v zvezi s prvima dvema kapitalskima vložkoma v višini 1 milijon EUR oziroma 1,225 milijona EUR delovala kot vlagateljica v tržnem gospodarstvu.
In addition, the Commission noted that it could be concluded that the Land Hessen acted like a private investor in granting the shareholder loan to the Hessische Staatsweingüter GmbH as a stand-alone investment.
Kot je še ugotovila, se lahko zaključi, da dežela Hessen pri odobritvi posojila Partiarisches Darlehen na samostojni podlagi družbi Hessische Staatsweingüter GmbH deluje kot vlagatelj v tržnem gospodarstvu.
It, however, specified that the equity financing of the wine cellar has to be regarded as a follow-up investment by the Land Hessen and that it has to be assessed whether a private investor, having covered the losses of a company in the past and having subsequently injected capital amounting to EUR 2,225 million, would still provide equity financing for a new wine cellar of EUR 7,5 million subject to the conditions of the shareholder loan.
Vendar Komisija še ugotavlja, da je treba financiranje vinske kleti z lastniškim kapitalom obravnavati kot dodatno naložbo dežele Hessen, in postavlja se vprašanje, ali bi zasebni vlagatelj, potem ko je poravnal izgube podjetja iz preteklosti in mu nato še dodelil sredstva v višini skupno 2,225 milijona EUR, še enkrat vložil lastni kapital za novo vinsko klet v višini 7,5 milijona EUR pod pogoji, vsebovanimi v posojilu Partiarisches Darlehen.
By letter of 15 February 2007 the Commission received comments from Interessensgemeinschaft der Rheingauer Winzer [Syndicate of winegrowers in the Rheingau region] [(hereinafter, the ‘interested party’), who initially asked for their name to remain confidential, but revoked this request by letter of 7 March 2007.
Komisija je z dopisom z dne 15. februarja 2007 prejela pripombo interesnega združenja Rheingauer Winzer (v nadaljevanju: zainteresirana stranka), ki je najprej zaprosilo za zaupno obravnavo, vendar je z dopisom z dne 7. marca 2007 to zaprosilo umaknilo.
The interested party, who was opposed to the construction of the new wine cellar, addressed four areas in this letter: the 2002-2006 preparatory phase, the weaknesses of the business plan, the investments not included in the business plan, and the derogations pursuant to Article 87 of the EC Treaty.
V pripombi zainteresirane stranke, ki nasprotuje izgradnji nove vinske kleti družbe Hessische Staatsweingüter, so obravnana štiri področja: pripravljalno obdobje 2002–2006, pomanjkljivosti poslovnega načrta, naložbe, ki niso omenjene v poslovnem načrtu, in izjeme v skladu s členom 87 Pogodbe ES.
2002-2006 preparatory phase
Pripravljalno obdobje 2002–2006
According to the interested party, even before the financing of the new wine cellar it was already apparent that the government of the Land Hessen would not be acting like a market economy investor.
Kot bi bilo po mnenju zainteresirane stranke mogoče ugotoviti že pred financiranjem nove vinske kleti, se vlada dežele Hessen ni pripravila na to, da bo delovala kot vlagateljica v tržnem gospodarstvu.
This statement is substantiated by the following comments.
Trditve so podkrepljene z naslednjimi točkami:
the members of the supervisory board of the GmbH are almost exclusively from public administration.
člani nadzornega sveta GmbH so skoraj izključno iz javne uprave.
Only one member comes from the private sector;
Samo en član je iz svobodnega gospodarstva;
no alternative to the construction of a new wine cellar (i.e. the renovation of the old wine cellar) was considered;
drugačna rešitev od izgradnje nove vinske kleti (torej prenova stare vinske kleti) ni bila upoštevana;
other German state-owned vineyards, in particular those of the Land Rhineland-Palatinate, that were finally sold after not making a profit for decades, were not taken into account for comparative purposes;
drugi nemški državni vinogradi, predvsem tisti iz dežele Porenje-Pfalz, ki že desetletja niso mogli doseči donosa in so bili na koncu prodani, pri primerjavi niso bili upoštevani;
the previous capital injections were provided without a requirement on return (which indicates that the Land and the supervisory board did not believe that Hessische Staatsweingüter was economically viable);
prejšnja sredstva so bila zagotovljena brez zahtev za donosnost (kar opozarja, da deželna vlada in nadzorni svet nista verjela v gospodarsko učinkovitost družbe Hessische Staatsweingüter);
the equity contribution for the financing of the new wine cellar was converted into a shareholder loan only after contact with the Commission.
lastni kapitalski vložek za financiranje nove vinske kleti je bil šele po stikih s Komisijo spremenjen v posojilo Partiarisches Darlehen.
The interested party also asks to what extent the GmbH achieved its targets for 2005/2006 through some kind of special earnings.
Zaradi tega zainteresirana stranka odpira vprašanje, koliko je GmbH v letih 2005/2006 dosegla cilj uspešnosti z morebitnimi posebnimi prihodki.