FLI Schedules - 1-16-07 in Re: FABRIKANT-LEER INTERNATIONAL, LTD., Debtor
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United States Bankruptcy Court Southern District of New York In re: FABRIKANT-LEER INTERNATIONAL, LTD., Debtor. Case No. 06-12739 (SMB) Chapter 11 SUMMARY OF SCHEDULES Indicate as to each schedule whether that schedule is attached and state the number of pages in each. Report the totals from Schedules A, B, D, E, F, I, and J in the boxes provided. Add the amounts of all claims from Schedules A and B to determine the total amount of the debtor’s assets. Add the amounts of all claims from Schedules D, E, and F to determine the total amount of the debtor’s liabilities. Individual debtors must also complete the “Statistical Summary of Certain Liabilities and Related Data” if they file a case under chapter 7, 11, or 13. ATTACHED NO. OF NAME OF SCHEDULE ASSETS LIABILITIES OTHER (Yes/No) SHEETS A - Real Property Yes 1 $ 0 B - Personal Property Yes 4 149,451,077 C - Property Claimed as Exempt Yes 1 D - Creditors Holding Secured Claims Yes 1 $ 161,947,902 E - Creditors Holding Unsecured Priority Claims (Total of Claims of Yes 2 390,177 Schedule E) F - Creditors Holding Unsecured Yes 2 119,861,635 Non Priority Claims G - Executory Contracts and Yes 1 Unexpired Leases H - Codebtors Yes 1 I - Current Income of Individual Debtor(s) Yes 1 N/A J - Current Expenditures of Individual Yes 1 N/A Debtor(s) TOTAL 15 $149,451,077.20 $282,199,714.42 FLI Schedules - 1-16-07 In re: FABRIKANT-LEER INTERNATIONAL, LTD., Debtor. Case No. 06-12739 (SMB) Chapter 11 SCHEDULE A - REAL PROPERTY Except as directed below, list all real property in which the debtor has any legal, equitable, or future interest, includingall property owned as a co-tenant, community property, or in which the debtor has a life estate. Include any property in which the debtor holds rights and powers exercisablefor the debtor’s own benefit. If the debtor is married, state whether husband, wife, or both own the property by placing an “H,” “W,” “J,” or “C” in the column labeled “Hus., Wife, Joint, or Comm.” If the debtor holds no interest in real property, write “None” under “Description and Location of Property.” Do not include interests in executory contracts and unexpired leases on this schedule. List them in Schedule G - Executory Contracts and Unexpired Leases. If an entity claimsto have a lien or hold a secured interest in any property, state the amount of the secured claim. See Schedule D. If no entity claims to hold a secured interest in the property, write “None” in the column labeled “Amount of Secured Claim.” If the debtor is an individual or if a joint petition is filed, state the amount of any exemption claimed in the property only in Schedule C - Property Claimed as Exempt. CURRENT VALUE OF HUS., DEBTOR'S INTEREST WIFE, NATURE OF DEBTOR'S IN PROPERTY AMOUNT OF DESCRIPTION AND LOCATION OF PROPERTY JOINT, INTEREST IN PROPERTY WITHOUT DEDUCTING SECURED CLAIM OR ANY SECURED CLAIM COMM. OR EXEMPTION NONE Total: In re: FABRIKANT-LEER INTERNATIONAL, LTD., Debtor. Case No. 06-12739 (SMB) Chapter 11 SCHEDULE B - PERSONAL PROPERTY Except as directed below, list all personal property of the debtor of whatever kind. If the debtor has no property in one or more of the categories, place an “X” in the appropriate position in the column labeled “None.” If additional space is needed in any category, attach a separate sheet properly identified with the case name, case number, and the number of the category. If the debtor is married, state whether husband, wife, or both own the property by placing an “H,” “W,” “J,” or “C” in the column labeled “Hus., Wife, Joint, or Comm.” If the debtor is an individual or a joint petition is filed, state the amount of any exemptions claimed only in Schedule C - Property Claimed as Exempt. Do not list interests in executory contracts and unexpired leases on this schedule. List them in Schedule G - Executory Contracts and Unexpired Leases. If an entity claimsto have a lien or hold a secured interest in any property, state the amount of the secured claim. See Schedule D. If no entity claimsto hold a secured interest in the property, write “None” in the column labeled “Amount of Secured Cla If the property is being held for the debtor by someone else, state that person’s name and address under “Description and Location of Property." In providing the information requested in this schedule, do not include the name or address of a minor child. Simply state "a minor child". N CURRENT VALUE OF DEBTOR'S TYPE OF PROPERTY O DESCRIPTION AND LOCATION OF PROPERTY HUS., WIFE, INTEREST IN PROPERTY N JOINT, OR WITHOUT DEDUCTING ANY E COMM. SECURED CLAIM OR EXEMPTION 1. Cash on hand. X 2. Checking, savings or other financial accounts, Book balance at bank. $5,485,996 certificates of deposit, or shares in banks, savings and loan, thrift, building and loan, and homestead associations, or credit unions, brokerage houses, or cooperatives. 3. Security deposits with public utilities, telephone X companies, landlords, and others. 4. Household goods and furnishings, including X audio, video, and computer equipment. 5. Books, pictures and other art objects, antiques, X stamp, coin, record, tape, compact disc, and other collections or collectibles. 6. Wearing apparel. X 7. Furs and jewelry. X 8. Firearms and sports, photographic, and other X hobby equipment. In re: FABRIKANT-LEER INTERNATIONAL, LTD., Debtor. Case No. 06-12739 (SMB) Chapter 11 SCHEDULE B - PERSONAL PROPERTY (Continuation Sheet) N CURRENT VALUE OF DEBTOR'S TYPE OF PROPERTY O DESCRIPTION AND LOCATION OF PROPERTY HUS., WIFE, INTEREST IN PROPERTY N JOINT, OR WITHOUT DEDUCTING ANY E COMM. SECURED CLAIM OR EXEMPTION 9. Interests in insurance policies. Name insurance Various life insurance policies TBD company of each policy and itemize surrender or refund value of each. 10. Annuities. Itemize and name each issuer. X 11. Interests in an education IRA as defined in 26 X U.S.C. § 530(b)(1) or under a qualified State tuition plan as defined in 26 U.S.C. § 529(b)(1). Give particulars. (File separately the record(s) of any such interest(s). 11 U.S.C. § 521(c); Rule 1007(b)). 12. Interests in IRA, ERISA, Keogh, or other pension X or profit sharing plans. Itemize. 13. Stock and interests in incorporated and Leer-Tokyo Pearl - Equity stake of 50% Unknown unincorporated businesses. Itemize. 14. Interests in partnerships or joint ventures. Itemize. X 15. Government and corporate bonds and other X negotiable and non-negotiable instruments. 16. Accounts receivables. Reflects A/R of non-affiliate parties. Primarily retail and other 53,027,183 customer accounts. No general reserves have been taken to reflect recoverability. For list of affiliates with A/R balances, see attached file: FLI Schedule B 16.xls 17. Alimony, maintenance, support, and property X settlements to which the debtor is or may be entitled. Give particulars. 18. Other liquidated debts owing debtor including tax X refunds. Give particulars. In re: FABRIKANT-LEER INTERNATIONAL, LTD., Debtor. Case No. 06-12739 (SMB) Chapter 11 SCHEDULE B - PERSONAL PROPERTY (Continuation Sheet) N CURRENT VALUE OF DEBTOR'S TYPE OF PROPERTY O DESCRIPTION AND LOCATION OF PROPERTY HUS., WIFE, INTEREST IN PROPERTY N JOINT, OR WITHOUT DEDUCTING ANY E COMM. SECURED CLAIM OR EXEMPTION 19. Equitable or future interests, life estates, and X rights or powers exercisable for the benefit of the debtor other than those listed in Schedule of Real Property. 20. Contingent and non-contingent interests in estate X of a decedent, death benefit plan, life insurance policy, or trust. 21. Other contingent and unliquidated claims of every Due from affiliates 40,698,037 nature, including tax refunds, counterclaims of the debtor, and rights to setoff claims. Give estimated value of each. Personal and misc. loans (net) 1,761,179 22. Patents, copyrights, and other intellectual See attached file: FLI Schedule B 22.xls property. Give particulars. 23. Licenses, franchises, and other general X intangibles. Give particulars. 24. Customer lists or other compilations containing X personally identifiable information (as defined in 11 U.S.C. § 101(41A)) provided to the debtor by individuals in connection with obtaining a product or service from the debtor primarily for personal, family, or household purposes. 25. Automobiles, trucks, trailers, and other vehicles. X 26. Boats, motors, and accessories. X 27. Aircraft and accessories. X In re: FABRIKANT-LEER INTERNATIONAL, LTD., Debtor. Case No. 06-12739 (SMB) Chapter 11 SCHEDULE B - PERSONAL PROPERTY (Continuation Sheet) N CURRENT VALUE OF DEBTOR'S TYPE OF PROPERTY O DESCRIPTION AND LOCATION OF PROPERTY HUS., WIFE, INTEREST IN PROPERTY N JOINT, OR WITHOUT DEDUCTING ANY E COMM. SECURED CLAIM OR EXEMPTION 28. Office equipment, furnishings, and supplies. Various office equipment, furnishings and other fixed assets 133,930 such as computers, furniture, machinery and equipment, etc. Net book value used. Location: One Rockefeller Center New York, NY 10020 29. Machinery, fixtures, equipment and supplies used X in business. 30. Inventory. Primarily jewelry. Valued at the lower of cost or market, with 48,344,752 cost determined using the average cost method. 31. Animals. X 32. Crops - growing or harvested. Give particulars. X 33. Farming equipment and implements. X 34. Farm supplies, chemicals, and feed. X 35. Other personal property of any kind not already X listed. Itemize. FLI SCHEDULE B #16 - NET AFFILIATES WITH RECEIVABLES COMPANY LISTING AS OF FILING DATE - 11/17/06 Affiliate AM-GOLD PRODUCTS,INC. CRP JEWELRY (THAILAND) LTD FABRIKANT COMMONWEALTH TRADING M. FABRIKANT & SONS, INC. FABRIKANT-TARA INTERNATIONAL LLC SCOTT DIAMOND CO., INC.