MIRA
INFORM REPORT
|
Report Date : |
13.02.2008 |
IDENTIFICATION
DETAILS
|
Name : |
RICHLINE GROUP, INC. |
|
|
|
|
Registered Office : |
516 Fifth Ave, 43rd St, 5th Flr, New York 10036 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
04.05.2007 |
|
|
|
|
Legal Form : |
Corporation - Private |
|
|
|
|
Line of Business : |
Wholesaler, Retailer and Manufacturer of Fine Jewelry |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
New & Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: RICHLINE GROUP, INC.
Trade Name:
Address: 516 FIFTH AVE, 43RD
ST, 5TH FLR
City: NEW
YORK
Founded (D/M/Y):
State/Province: NY
Zip Code: 10036
Sales / Revenue: -
Country: UNITED STATES
Net Income:
Telephone: 212 398-3456
Total Equity:
Facsimile: 212 398-3459
Number
of Employees: 200
URL www.berkshirehathaway.com
Legal Form: Corporation -
Private
Shareholder:
Business Activity: The
Firm is a wholesaler, retailer and manufacturer of fine jewelry.
NOTE TO CLIENT
Person Contacted: Mr. Nicholas Romano, Chief
Financial Officer. Mr. Romano can be reached in the Florida office at 954
718-3200.
NOTE: We also contacted Mr. Tighe Jeseperen,
Chief Financial Officer of the Alaram Division who is located at the 21-21 44TH
DRIVE, LONG ISLAND, NY 11101 location. For now he can be contacted at Tel: 718
472-1212.
NOTE: Although the Firm; RICHLINE GROUP, INC.
has an active registration, and has acquired the operations of diamond and
jewelry companies, it has yet to begin active revenue based operations at this
time.
**********************************************************************
PLEASE NOTE THE IMPERATIVE SECTIONS FOR
FURTHER INFORMATION CONCERNING YOUR SPECIAL QUESTIONS AND THE FIRM'S STATUS
**********************************************************************
Coface Rating: NR - Refers to companies that
are not rated. Coface has insufficient data to make positive recommendation for
credit engagements.
00.
IMPERATIVES
NOTE: The provided address; 21-21 44TH
DRIVE, LONG ISLAND, NY 11101 is a branch location of the Firm. The Firm is
headquartered at 516 FIFTH AVE, 43RD ST, 5TH FLR, NEW YORK, NY 10036.
There is also an additional address; 6701 NOB HILL RD, TAMARAC, FL, 33321 which
is a Co-Corporate office of the Firm. The Firm's headquarters is split between
its' two first (and Major) acquistions: Bel-Oro International in New York City
at the heading address; and Aurfin LLC in Florida.
Due to the October
acquisition of Alarama, the Firm has several new locations. At this time the
Firm is engaged in absorbing and consolidating the locations, operations and
preparing to start operations as a jewelry retailer, wholesaler, manufacturer
and supplier; specializing in Diamonds. However, Mr. Jespersem stated that
Alaram current operates as an importer of Diamonds.
Mr. Jespersen also stated that Alarama was
previously owned by the Adwar family, with its' former sister companies; A.L.A.
Casting Co. and Over Night Mountings at 21-21 44TH DRIVE, LONG ISLAND, NY
11101.
After RICHLINE GROUP, INC. acquired Alaram
from the Adwar Family; the RICHLINE GROUP, INC. signed a temporary leaseing
agreement for the space and location used by Alaram before the acquisition.
The RICHLINE GROUP, INC. does not have a
long term lease or plan to occupy the current space at 21-21 44TH DRIVE, LONG
ISLAND, NY 11101 and have plans to relocate with in the next several month. However,
Mr. Jespersen stated that these plans are subject to change, due to the
acquisition being made by the
RICHLINE GROUP, INC.
--
The following is a list of trade the Firm
currently uses, Please NOTE this is not a complete list of all trade name as the
complete list could not be obtained at this time as the Firm is still acquiring
and plans to acquire further diamond and jewelry companies: AURAGEM, AURAFIN,
BEL-ORO, MICHEAL ANTHONY, PRIMETIME and ALARAMA.
At this time the
Firm has yet to being revenue based operations, therefore no financial figures,
such as sales, could be obtained at this time. Please Noted, however that the
Firm's Parent Company; BERKSIRE HATHAWAY INC has net income in 2006 of US$ 11
Billion.
No payment were
traced to the Firm.
No Uniform
Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm.
This is a full
investigation.
LEGAL
Legal Form: Corporation
- Private
Incorporation
State DE
Status: ACTIVE
Since (D/M/Y): 04/05/2007
The company is NOT
required to publish an annual financial report.
The Firm is registered in Delaware under the following:
File Number: 4347124
Incorporation Date: 05/04/2007
Entity Name: RICHLINE GROUP, INC.
Entity Kind: CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DELAWARE
REGISTERED AGENT INFORMATION
Name: CORPORATION SERVICE COMPANY
Address: 2711 CENTERVILLE ROAD SUITE 400
City: WILMINGTON
County: NEW CASTLE
State: DELAWARE
Postal Code: 19808
Phone: (302)636-5401
-----
The Firm is qualified in New York under the following:
Current Entity Name: RICHLINE GROUP, INC.
Initial DOS Filing Date: JUNE 28, 2007
County: ALBANY
Jurisdiction: DELAWARE
Entity Type: FOREIGN BUSINESS CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address Information DOS Process
CORPORATION SERVICE COMPANY
80 STATE STREET, ALBANY, NEW YORK, 12207-2543
Registered Agent: NONE
MANAGERS / KEY PERSONNEL
Mr. Dennis Ulrich Chief Executive
Officer
Mr. David Meleski President
Mr. Nicholas
Romano Chief Financial
Officer
AFFILIATED COMPANIES
The Firm has
numerous affiliates under common ownership of BERKSHIRE
HATHAWAY INC, we
have provided a few for your review:
Acme Brick Company
Acme Building
Brands, Inc.
Albecca Inc.
Applied
Underwriters, Inc.
Ben Bridge
Corporation
Ben Bridge
Jeweler, Inc.
Benjamin Moore
& Co.
Benjamin Moore
& Co., Limited
Berkshire Hathaway
Credit Corporation
Berkshire Hathaway
Finance Corporation
Berkshire Hathaway
International Insurance Limited (UK)
Berkshire Hathaway
Life Insurance Company of Nebraska
BHG Life Insurance
Company
BHSF, Inc.
BH Finance LLC
BH Shoe Holdings,
Inc.
Blue Chip Stamps
Borsheim Jewelry
Company, Inc.
Business Wire,
Inc.
California
Insurance Company
Campbell
Hausfeld/Scott Fetzer Company
CE Casecnan Water
and Energy Company, Inc.
CE Electric UK
Funding Company
CE Electric UK
Holdings
Central States
Indemnity Co. of Omaha
Central States of
Omaha Companies, Inc.
Clayton Homes,
Inc.
CMH Homes, Inc.
CMH Manufacturing,
Inc.
CMH Parks, Inc.
Cologne Reinsurance
Company (Dublin) Ltd.
Columbia Insurance
Company
Continental Divide
Insurance Company
Cornhusker
Casualty Company
CORT Business
Services Corporation
CTB International
Corp.
Cypress Insurance
Company
Dexter Shoe
Company
Europa
Rückversicherung Aktiengesellschaft
Fairfield
Insurance Company
Faraday
Reinsurance Co. Limited
Faraday
Underwriting Limited
The Fechheimer
Brothers Company
FlightSafety
International Inc.
FlightSafety
Services Corporation
Forest River, Inc.
Fruit of the Loom,
Inc.
Garan, Incorporated
GEICO Casualty
Company
GEICO Corporation
GEICO General
Insurance Company
Parent Companies
Parent Company: BERKSHIRE HATHAWAY, INC.
Address:
City:
State/Province: NE
Zip Code:
Country: UNITED STATES
BERKSHIRE HATHAWAY INC
Traded on New York Stock Exchange
Ticker Symbols "BRK/A" - "BRK/B"
As of Jan. 3, 2008:
Closing Price: $ 139,600 - 4,650
52 Weeks High / Low: $ 151,650 / $ 103,800 - $ 5,059 / $ 3,460
Shares Outstanding: 1,086,000 - 13,856,000
Market Value: $ 151,605,600,000 - $ 64,430,400,000
------------
For Year End 2006
In US$ Thousands
Total Revenue $ 98,539,000
Net Income $ 11,015,000
Total Current Assets $ 0
Total Assets $248,437,000
Total Current Liabilities $ 0
Total Liabilities $140,018,000
Total Equity $108,419,000
PAYMENT HISTORY
No payment records were traced to the Firm at this time.
FINANCIAL INFORMATION
The Firm has yet
to begin active revenue based operations at this time. Therefore, no financial
information could be obtained.
NOTE: The Firm's financial statements are consolidated into those of its parent company's financial figures, which are noted above.
CURRENT OPERATIONS
SIC Code: 5944
NAICS Code: 44831
Jewelry Stores
Number of Employees: 200
Business Activity:
The Firm is a wholesaler, retailer and manufacturer of fine jewelry. The Firm offers a wide variety of fine jewelry and jewelry related services. The Firm specializing in Diamonds. Operations for the Group as a whole have not yet began, however the division under the name ALARAMA still operates as an importer of Diamonds.
PUBLIC RECORDS
No Uniform Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)