In-Depth Credit Report
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THE KRELLER BUSINESS INFORMATION GROUP, INC. AICHAM LARSON-JUHL GMBH MARCH 04, 2013 LEIBNIZSTR. 28 NEU-ULM, BAYERN 89231 GERMANY TEL: 49 731 70550 FAX: 49 731 7055170 E-MAIL: [email protected] WEBSITE: www.aicham-larsonjuhl.eu LEGAL The subject is a Private Limited Liability Company that was STRUCTURE & established on May 26, 1994. HISTORY Authorized, Issued & Paid-Up Capital: EUR 26,000 Shareholders' Equity: EUR 1,232,922.72 (Non-consolidated, 12- 31-11) Registration No.: HRB 12619 Registry Auth.: 87700 Memmingen Regional Court Tax Number: DE 171122272 Registry Status: Active The subject has the following shareholder: LARSON-JUHL INTERNATIONAL L.L.C. % of shares: 100% Address: 3900 Steve Reynolds Blv. Norcross, GA 30093 United States MANAGEMENT The subject has the following senior company personnel: Christopherus Hübner Director Address: Kranichfeld 14 31787 Hameln, Niedersachsen Germany Henricus Alphons Liebers Director Address: Netherlands 1 THE KRELLER BUSINESS INFORMATION GROUP, INC. AICHAM LARSON-JUHL GMBH MARCH 04, 2013 LEIBNIZSTR. 28 NEU-ULM, BAYERN 89231 GERMANY TEL: 49 731 70550 FAX: 49 731 7055170 E-MAIL: [email protected] WEBSITE: www.aicham-larsonjuhl.eu RELATED The following affiliated companies were reported: COMPANIES BERKSHIRE HATHAWAY INC. Affiliation type: Ultimate Holding Company Address: 3555 Farnam Street, Omaha, Nebraska 68131 United States LARSON-JUHL INTERNATIONAL L.L.C. Affiliation type: Parent Company Address: 3900 Steve Reynolds Blv. Norcross, GA 30093 United States IMC INTERNATIONAL METALWORKING COMPANIES B.V. Affiliation type: Sister Company Address: Germany KAHN VENTURES, INC. Affiliation type: Sister Company Address: United States LUBRIZOL ADVANCED MATERIALS EUROPE BVBA Affiliation type: Sister Company Address: Belgium PRECISION STEEL WAREHOUSE, INC. Affiliation type: Sister Company Address: United States VANDERBILT MORTGAGE AND FINANCE, INC. Affiliation type: Sister Company Address: United States Comments Other companies of the BERKSHIRE HATHAWAY INC. Group should also be considered as affiliates 2 THE KRELLER BUSINESS INFORMATION GROUP, INC. AICHAM LARSON-JUHL GMBH MARCH 04, 2013 LEIBNIZSTR. 28 NEU-ULM, BAYERN 89231 GERMANY TEL: 49 731 70550 FAX: 49 731 7055170 E-MAIL: [email protected] WEBSITE: www.aicham-larsonjuhl.eu of the Subject. A list of major affiliated companies is attached to this report. ACTIVITIES The subject is engaged in manufacturing of picture frames and picture frames molding. Products/services: Mouldings, wooden, metal covered Mouldings and beading, wooden Frames, wooden, for mirrors and pictures Photograph frames, wooden Stationery and greetings cards Photograph mounts, board Household articles, metal Frames, picture and mirror, metal Gold plated, silver plated and pewter ware Brands: Aicham Larson-Juhl Sales Local: Yes Export: Western Europe Payments: Purchase Terms Local: Cash Credits 14-30 days Imports: L/Cs Credits 30 days net Sales Terms Local: Cash Credits 14-30 days Exports: L/Cs Credits 30 days net 3 THE KRELLER BUSINESS INFORMATION GROUP, INC. AICHAM LARSON-JUHL GMBH MARCH 04, 2013 LEIBNIZSTR. 28 NEU-ULM, BAYERN 89231 GERMANY TEL: 49 731 70550 FAX: 49 731 7055170 E-MAIL: [email protected] WEBSITE: www.aicham-larsonjuhl.eu There are a total of 7 employees. LOCATIONS The subject principally operates from premises located at the heading address, consisting of production facilities, a warehouse and administrative offices. SALES & Balance sheets are attached to the end of this report and FINANCE summarized below: Required to file: Yes Source: Group Consolidated Statements Presentation: Attached to this report / Summarized below Date of accounts: 12-31-11 Type of accounts: Full audited Currency: European Euro (EUR), US Dollar (USD) Exchange Rate: US$ 1.00 = EUR 0.76 as of report date Summarized: 12-31-11 12-31-10 09-30-12 Currency: European European US Euro (EUR) Euro (EUR) Dollar (USD) Consolidation: Non- Non- Group consolidated consolidated consolidated Period: 12 months 12 months 9 months Sales turnover: 117,743,000,000 Profit before tax: 15,482,000,000 Profit after tax: 10,651,000,000 Non-current assets: 701,253.80 768,200.00 Current assets: 2,734,265.37 2,606,100.00 Inventories: 1,921,084.84 1,812,100.00 Total assets: 3,457,920.20 3,385,400.00 424,115,000,000 Current liabilities: 747,356.36 503,477.79 Non-current liab.: 1,477,641.12 1,261,022.21 Total liabilities: 2,224,997.48 1,764,500.00 235,041,000,000 4 THE KRELLER BUSINESS INFORMATION GROUP, INC. AICHAM LARSON-JUHL GMBH MARCH 04, 2013 LEIBNIZSTR. 28 NEU-ULM, BAYERN 89231 GERMANY TEL: 49 731 70550 FAX: 49 731 7055170 E-MAIL: [email protected] WEBSITE: www.aicham-larsonjuhl.eu Shareholders' equity: 1,232,922.72 1,620,900.00 189,074,000,000 Comments: The above group consolidated figures relate to the Subject's Ultimate Holding Company BERKSHIRE HATHAWAY INC. and its subsidiaries. Sources: Interviews and material provided by the subject. Other official and local business sources. PUBLIC There were no public filings found under the subject’s name. RECORDS PAYMENTS No collections or legal actions were traced against the subject during the course of this investigation. No unfavorable information with regard to the subject's commercial reputation was reported. As trade references were not supplied, the subject's payment track record history cannot be accurately determined, but payments are believed to be prompt. Credit Limit Recommended Limit: US$ 125,000* *Higher credits may be available if guaranteed by the Group BANKING The subject maintains relations with the following banks: COMMERZBANK AG Address: Germany SPARKASSE ULM Address: Germany 5 THE KRELLER BUSINESS INFORMATION GROUP, INC. AICHAM LARSON-JUHL GMBH MARCH 04, 2013 LEIBNIZSTR. 28 NEU-ULM, BAYERN 89231 GERMANY TEL: 49 731 70550 FAX: 49 731 7055170 E-MAIL: [email protected] WEBSITE: www.aicham-larsonjuhl.eu It is generally not the policy of local banks to provide credit status information to non-bona fide applications, and interested parties would be advised to consult first with the subject if banker's references are required. SUMMARY The subject is a Private Limited Liability Company that was established on May 26, 1994. The subject is engaged in manufacturing of picture frames and picture frames molding. There are a total of 7 employees. The balance sheets reported group sales turnover of US$ 117,743,000,000 as of September 30, 2012. No collections or legal actions were traced against the subject during the course of this investigation. No unfavorable information with regard to the subject's commercial reputation was reported. Credit Limit Recommended Limit: US$ 125,000* *Higher credits may be available if guaranteed by the Group This information is provided at your request. It cannot be guaranteed as accurate in that, The Kreller Business Information Group, Inc., its agents or associates have no practical opportunity to audit or confirm all source data. The Kreller Business Information Group, Inc. will not be held responsible for potential or actual cases that may occur from business decisions made subsequent to the receipt of this report. 6 THE KRELLER BUSINESS INFORMATION GROUP, INC. AICHAM LARSON-JUHL GMBH MARCH 04, 2013 LEIBNIZSTR. 28 NEU-ULM, BAYERN 89231 GERMANY TEL: 49 731 70550 FAX: 49 731 7055170 E-MAIL: [email protected] WEBSITE: www.aicham-larsonjuhl.eu BALANCE SHEETS 2010 2011 EUR 2011 EUR TEUR A. Assets I. Intangible assets 580.115,35 671,2 II. Fixed assets 121.138,45 701.253,80 97,0 B. Current assets I. Inventories 1.921.084,84 1.812,1 II. Receivables and other assets 556.652,07 366,5 III. Cash and bank balances 256.528,46 2.734.265,37 427,5 C. Prepaid expenses 22.401,03 11,1 3.457.920,20 3.385,4 LIABILITIES EUR EUR A. Equity I. Capital 26.000,00 26,0 II capital reserve 17.784.302,36 17.284,3 III. Accumulated deficit 16.577.379,64 1.232.922,72 15.689,4 B. Provisions 1.475.502,70 1.261,0 C. Liabilities - Thereof to banks: EUR 2138.42 (previous year: EUR 0.00) - Due within one year: EUR 747,356.36 (previous year: 749.494,78 503,5 EUR 503,477.79) 3.457.920,20 3.385,4 7 THE KRELLER BUSINESS INFORMATION GROUP, INC. AICHAM LARSON-JUHL GMBH MARCH 04, 2013 LEIBNIZSTR. 28 NEU-ULM, BAYERN 89231 GERMANY TEL: 49 731 70550 FAX: 49 731 7055170 E-MAIL: [email protected] WEBSITE: www.aicham-larsonjuhl.eu 8 THE KRELLER BUSINESS INFORMATION GROUP, INC. AICHAM LARSON-JUHL GMBH MARCH 04, 2013 LEIBNIZSTR. 28 NEU-ULM, BAYERN 89231 GERMANY TEL: 49 731 70550 FAX: 49 731 7055170 E-MAIL: [email protected] WEBSITE: www.aicham-larsonjuhl.eu 9 THE KRELLER BUSINESS INFORMATION GROUP, INC. AICHAM LARSON-JUHL GMBH MARCH 04, 2013 LEIBNIZSTR. 28 NEU-ULM, BAYERN 89231 GERMANY TEL: 49 731 70550 FAX: 49 731 7055170 E-MAIL: [email protected] WEBSITE: www.aicham-larsonjuhl.eu BERKSHIRE HATHAWAY INC. Subsidiaries of Registrant Company Name Domicile or State of Incorporation Acme Brick Company Delaware Acme Building Brands, Inc. Delaware Albecca Inc. Georgia Anderson Hardwood Floors, LLC Georgia Applied Underwriters, Inc. Nebraska Ben Bridge Corporation Washington Ben Bridge Jeweler, Inc. Washington Benjamin Moore & Co. New Jersey Benjamin Moore & Co., Limited Canada Berkshire Hathaway Assurance Corporation New York Berkshire Hathaway Credit Corporation Nebraska Berkshire Hathaway Finance Corporation Delaware Berkshire Hathaway Homestate Insurance Company Nebraska Berkshire Hathaway International Insurance Limited (UK) United Kingdom Berkshire Hathaway Life Insurance Company of Nebraska Nebraska BHSF, Inc. Delaware BH Finance LLC Nebraska BH Shoe Holdings, Inc. Delaware BNSF Railway Company Delaware Boat America Corporation Virginia Borsheim Jewelry Company, Inc. Nebraska 10 THE KRELLER BUSINESS INFORMATION GROUP, INC. AICHAM LARSON-JUHL GMBH MARCH 04, 2013 LEIBNIZSTR. 28 NEU-ULM, BAYERN 89231 GERMANY TEL: 49 731 70550 FAX: 49 731 7055170 E-MAIL: [email protected] WEBSITE: www.aicham-larsonjuhl.eu Brooks Sports, Inc.