To our Valued Dealers & Customers
RICO is proud to use Dun & Bradstreet as a source of financial information and
industry bench marking.
It's important that my management team has an unbiased opinion on how RICO's financial
strength compares to our competitors. D&B's Comprehensive Reports allow us to do this
by providing pages and pages of information such as credit scores, financial stress
models and performance ratios.
I strongly suggest using D&B financial reports as part of any supplier evaluations.
The D&B Comprehensive Report is a meticulously researched and continuously updated
report that provides an informative, in-depth evaluation of a company's financial
stability. The Comprehensive Report offers the greatest level of detail and can often
be purchased for approximately $110. The cost of this report is a small price to pay
for peace of mind when you're spending upwards of $100,000 on material handling
equipment and down payments are typically involved.
As reference, RICO proudly provides our Duns Number along with the Duns Number of our
competitors. Comprehensive Reports may be ordered directly through D&B's website
at www.dnb.com by referencing the companies Duns Number.
| COMPANY NAME |
DUNS NUMBER |
| RICO Manufacturing |
15-417-1169 |
| American Specialty Equipment, Inc. (a.k.a. Gregory Industrial Trucks) |
92-653-2813 |
| Hoist Liftruck Manufacturing |
87-819-6922 |
| Elwell Parker (d.b.a. Hoist Liftruck) |
87-819-6922 |
| Schreck (d.b.a. Hoist Liftruck) |
87-819-6922 |
| Sroka Advance Vehicles |
14-797-3895 |
I am extremely proud of our financial status. In the history of our company, we have
never had to borrow money. We've never even operated with a bank line of credit. Our
buildings, machines and equipment are always paid for in cash. Everything we have is
paid-in-full at the time of purchase. This is almost unheard of in the capital intense
manufacturing sector. More importantly, this means that the price of borrowing money
and debt service is not passed onto our customers.
RICO believes that financial stability will play an increasingly important factor for
customers when contemplating the purchase of an application designed lift truck. Our
industry has seen several companies shut down by their banks in recent years. We've
seen these assets acquired, and re-acquired. Unfortunately, each time that happens,
product knowledge and fair replacement part pricing for existing products becomes
more difficult to find.
With all the recent 'Enron' type scandals, customers are paying closer attention to
the people they do business with. There are several reports out suggesting that
financial stress of a company directly relates to the quality of its products.
By taking a few minutes and researching our financial strength you will find that
RICO's financial stability and credit scores truly separate us from our competitors
and will ensure equipment support for years to come.
Respectfully,
Dave Mueller
President