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10.01.2008 11:41:08 |
STANDARDBERICHT
GORMAN MANUFACTURING COMPANY, DUNS: 80-473-5132 RATING 3A4
INC.
LITHOGRAPHIC STARTED 1985
492 KOLLER STREET COMMERCIAL PRINTING SALES F $29,665,950
AND BRANCH(ES) OR DIVISION(S) SIC NO. WORTH F $2,026,635
SAN FRANCISCO CA 94110 2752 EMPLOYS 152(110 HERE)
TEL: 650 555-0000 HISTORY CLEAR
FINANCIAL
CONDITION FAIR
STATEMENT
DATE DEC 31 2007
CHIEF EXECUTIVE: LESLIE SMITH, PRES
DO NOT CONFUSE WITH OTHER GORMAN COMPANIES, THIS IS A FICTITIOUS COMPANY USED
BY D&B FOR DEMONSTRATION PURPOSES.
If you have questions about this report, please call our Customer Resource
Center at 1-800-234-3867 from anywhere within the U.S. If you are outside the
U.S., contact your local D&B office.
*** Additional Decision Support Available ***
Additional D&B products, monitoring services and specialized investigations are
available to help you evaluate this company or its industry.
Call Dun & Bradstreet's Customer Resource Center at 1-800-234-3867 from
anywhere within the U.S. or visit our website at www.dnb.com.
The Summary Analysis section reflects information in D&B's file as of
January 9, 2008.
RATING SUMMARY . . . .
The "3A" portion of the Rating (the Rating Classification) indicates
that the company has a worth from $1 million to $10 million. The "4" on
the right (Composite Credit Appraisal) indicates an overall "limited"
credit appraisal. This credit appraisal was assigned because of D&B's
assessment of the company's financial ratios and its cash flow.
Below is an overview of the company's D&B Rating(s) since 08/16/07:
RATING DATE APPLIED
------ ------------
3A4 08/16/07
The Payment Summary section reflects payment information in D&B's file as of
the date of this report.
The PAYDEX for this company is 41.
This PAYDEX score indicates that payments to suppliers average 57 days beyond
terms, weighted by dollar amounts. When dollar amounts are not considered,
approximately 17% of the company's payments are within terms.
Below is an overview of the company's dollar-weighted payments, segmented by
its suppliers' primary industries:
TOTAL LARGEST % DAYS SLOW
TOTAL DOLLAR HIGH W/IN
RCV'D AMOUNTS CREDIT TERMS <31 31-60 61-90 91+
----- -------------- ---------- ---- --- ----- ----- ---
# $ $ % % % % %
Total in D&B's file 120 3,205,400 750,000
Top 10 Industries:
1 Whol electrical equip 4 120,000 55,000 87 13 - - -
2 Whol computers/softwr 2 80,000 40,000 50 - - - 50
3 Mfg plastic sheet/flm 1 750,000 750,000 - 50 50 - -
4 Lace/warp knit mill 1 500,000 500,000 - 100 - - -
5 Whol motor vehicles 1 100,000 100,000 - - 50 - 50
6 Mfg structural metal 1 100,000 100,000 50 - 50 - -
7 Mfg plastics/resins 1 100,000 100,000 - 50 - - 50
8 Mfg misc plastic prdt 1 100,000 100,000 - - 50 - 50
9 Mfg semiconductors 1 100,000 100,000 - - 100 - -
10 Mfg telephone equip 1 85,000 85,000 - 100 - - -
11 OTHER INDUSTRIES 50 849,500 80,000 37 17 10 11 25
Other Payment Categories:
Cash experiences 1 250 250
Payment record unknown 4 90,000 85,000
Unfavorable comments 17 230,600 100,000
Placed for collection
with D&B 1 50
other 33 N/A
The highest "Now Owes" on file is $500,000
The highest "Past Due" on file is $300,000
Dun & Bradstreet has 120 payment experiences in its file for this company. For
your convenience, we have displayed 80 representative experiences in the
PAYMENTS section.
Antic - Anticipated (Payments received prior to date of invoice)
Disc - Discounted (Payments received within trade discount period)
Ppt - Prompt (Payments received within terms granted)
REPORTED PAYING HIGH NOW PAST SELLING LAST SALE
RECORD CREDIT OWES DUE TERMS WITHIN
01/08 Ppt 5000 1000 -0- N30 2-3 Mos
12/07 Slow 15 5000 -0- -0- N30 2-3 Mos
Slow 30-150 5000 -0- -0- 6-12 Mos
(004) 250 250 250 N30 4-5 Mos
Placed for collection.
11/07 Ppt-Slow 15 2500 50 50 N30 2-3 Mos
Slow 35 2500 2500 -0- 1 Mo
Slow 120 2500 1000 1000 N30 2-3 Mos
(008) 5000 5000 1000 1 Mo
Lease agreement
09/07 Ppt 1000 -0- -0- N30 2-3 Mos
(010) 50
Placed for collection.
(011) 1000 1000 1000 1 Mo
Placed for collection.
08/07 Slow 15 500 -0- -0- N30 2-3 Mos
Slow 25 2500 500 -0- N30 1 Mo
07/07 Ppt 250 -0- -0- 6-12 Mos
(015) 100 100 100 6-12 Mos
Credit refused.
05/07 Disc-Ppt 5000 250 -0- 2 10 N30 2-3 Mos
Ppt 2500 100 -0- N30
Slow 60 7500 2500 2500 1 10 N30 2-3 Mos
(019) 2500 2500 2500 Spec agreement 6-12 Mos
Placed for collection.
04/07 (020) 1000 1000 1000 6-12 Mos
Unsatisfactory.
03/07 Ppt 5000 -0- -0- N30 6-12 Mos
(022)
Placed for collection.
01/07 Slow 60 250 250 250 Regular terms 4-5 Mos
(024) 500 500 500 2-3 Mos
Placed for collection.
12/06 (025) 10000 250 250 6-12 Mos
Unsatisfactory.
11/06 Disc 25000 20000 -0- 1 10 N30
Slow 30-110 100000 40000 40000 N60 2-3 Mos
(028) 50000 50000 50000 6-12 Mos
Placed for collection.
(029) 10000 10000 10000
Placed for collection.
(030) 1000 1000 1000 2-3 Mos
NSF check recvd.
(031) 1000 1000 1000 Spec agreement
Unsatisfactory.
10/06 Ppt 40000 -0- -0- N30
Slow 30 85000 85000 20000 N30
(034) 20000 20000 20000 6-12 Mos
Placed for collection.
(035) -0- -0- 6-12 Mos
Placed for collection.
09/06 Disc 40000 -0- -0- Spec agreement 1 Mo
Ppt 70000 70000 -0- N30 6-12 Mos
08/06 Ppt 80000 25000 -0- 1 10 N30
Slow 10 2500 500 250 N30
Slow 5-45 2500 250 -0- N30
Slow 45-60 10000 2500 2500 N30 2-3 Mos
Slow 30-150 10000 5000 5000 N30 4-5 Mos
(043) 15000 7500 7500 2-3 Mos
Placed for collection.
(044) 7500 5000 5000 6-12 Mos
Placed for collection.
Cash in advance
(045) 500 500 500 4-5 Mos
Placed for collection.
(046) 50 50 50 6-12 Mos
Placed for collection.
(047) 50 50 50 4-5 Mos
Placed for collection.
07/06 Slow 30 5000 1000 1000 N30 6-12 Mos
Slow 25-220 5000 2500 2500 N30 6-12 Mos
06/06 Ppt-Slow 35 100000 70000 40000 1 10 N30
Slow 40-120 100000 100000 65000 N30 2-3 Mos
(052) 40000 10000 10000 2-3 Mos
Placed for collection.
(053) 7500 7500 7500 2-3 Mos
Placed for collection.
(054) 2500 2500 2500 2-3 Mos
Placed for collection.
(055) 500 500 500 4-5 Mos
Placed for collection.
Lease agreement
05/06 Slow 25-40 750000 250000 200000 1 10 N30
(057) 15000 15000 15000 6-12 Mos
Placed for collection.
(058) 5000 5000 5000 6-12 Mos
Bad debt.
04/06 Ppt-Slow 15 60000 40000 -0- Spec agreement
Slow 60 25000 2500 2500 1 10 N30 2-3 Mos
Slow 90-120 25000 15000 10000 N30
03/06 Slow 30 10000 7500 7500 N30
Slow 130 500 500 250 N30
Slow 120-210 40000 30000 25000 N30
(065) 1000 1000 1000 Spec agreement 6-12 Mos
Placed for collection.
02/06 Slow 80-120 60000 40000 30000 N30 4-5 Mos
01/06 Ppt-Slow 25 20000 10000 -0- N30
Slow 15-30 50000 35000 15000 N30
Slow 40-90 10000 10000 10000 N30 2-3 Mos
Slow 100 1000 1000 1000 N30 4-5 Mos
(071) 25000 25000 25000 Spec agreement 6-12 Mos
Bad debt.
(072) 20000 20000 20000 2-3 Mos
Suit filed.
(073) 2500 1000 1000 4-5 Mos
Placed for collection.
12/05 Slow 25 5000 5000 5000 N30
Slow 30 500000 500000 300000 Spec agreement
Slow 20-100 2500 2500 2500 N30 2-3 Mos
Slow 120 10000 5000 2500 N30
Slow 150-180 65000 65000 65000 N60 6-12 Mos
(079) 100000 100000 80000 Spec agreement
Unsatisfactory.
(080) -0- -0-
* Accounts are sometimes placed for collection even though the
existence or amount of the debt is disputed.
* Payment experiences reflect how bills are met in relation to the
terms granted. In some instances payment beyond terms can be the
result of disputes over merchandise, skipped invoices etc.
* Each experience shown represents a separate account reported by a
supplier. Updated trade experiences replace those previously reported.
Amounts may be rounded to nearest figure in prescribed ranges.
01/09/08 Fiscal Fiscal Fiscal
Consolidated Consolidated Consolidated
Dec 31 2005 Dec 31 2006 Dec 31 2007
Curr Assets 9,795,692 10,220,470 11,046,076
Curr Liabs 6,343,540 8,086,626 8,258,547
Current Ratio 1.54 1.26 1.34
Working Capital 3,452,152 2,133,844 2,787,529
Other Assets 2,355,579 2,474,395 2,169,732
Worth 3,652,233 2,602,614 2,026,635
Sales 24,665,005 27,556,720 29,665,950
Long Term Liab 2,155,498 2,005,625 2,930,626
Net Profit (Loss) 90,073 (1,049,619) (575,979)
Fiscal Consolidated statement dated DEC 31 2007:
Cash $ 1,032,626 Accts Pay $ 4,116,119
Accts Rec 5,436,724 Notes Pay 625,722
Inventory 2,956,720 L.T. Liab-(1yr) 2,400,185
Other Curr Assets 1,620,006 Other Curr Liabs 1,116,521
--------------- ---------------
Curr Assets 11,046,076 Curr Liabs 8,258,547
Fixt & Equip 1,462,060 L.T. Liab-Other 2,930,626
Intangibles 61,030 COMMON STOCK 50,000
Other Assets 646,642 RETAINED EARNINGS 1,976,635
--------------- ---------------
Total Assets 13,215,808 Total 13,215,808
From JAN 01 2006 to DEC 31 2006 annual sales
$29,665,950; cost of goods sold $24,622,805. Gross profit
$5,043,145; operating expenses $5,550,620. Operating income
$(507,475); other expenses $38,720; net income before taxes
$(546,195); Federal income tax $29,784. (net loss) $575,979.
Retained earnings at start $2,552,614. Net loss (575,979); retained
earnings at end $1,976,635.
Prepared from statement(s) by Accountant: Johnson, Jordan & Jones
CPAs.
ACCOUNTANTS OPINION: A review of the accountant's opinion
indicates the financial statements meet generally accepted accounting
principles and that the audit contains no qualifications.
--0--
Fixed assets shown net less $765,620 depreciation.
On JAN 07 2008 Leslie Smith, president, submitted the above
figures.
The following data is for information purposes only and is not the
official record. Certified copies can only be obtained from the
official source.
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* * * LIEN(S) * * *
-------------------------------------------------------------------------------
A lienholder can file the same lien in more than one filing
location. The appearance of multiple liens filed by the
same lienholder against a debtor may be indicative of such
an occurrence.
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CASE NO.: IY5678
TYPE: State Tax STATUS: Open
FILED BY: State of Ca- Test Mtch Code (force DATE STATUS ATTAINED: 12/14/2001
thru SO) DATE FILED: 12/14/2001
AGAINST: Gorman Manufacturing Company, Inc LATEST INFO RECEIVED: 12/14/2001
WHERE FILED: LOS ANGELES COUNTY RECORDER'S
OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
CASE NO.: IY1234
AMOUNT: $100 STATUS: Open
TYPE: State Tax DATE STATUS ATTAINED: 12/14/2001
FILED BY: state of CA-test mtch code (forced DATE FILED: 12/14/2001
thru SO) LATEST INFO RECEIVED: 12/14/2001
AGAINST: Gorman Manufacturing Company, Inc
WHERE FILED: LOS ANGELES COUNTY RECORDER'S
OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
CASE NO.: ian5678
TYPE: State Tax STATUS: Open
FILED BY: STATE OF CA-TEST MTCH CODE DATE STATUS ATTAINED: 12/14/2001
AGAINST: GORMAN MANUFACTURING COMPANY, INC DATE FILED: 12/14/2001
and OTHERS LATEST INFO RECEIVED: 12/14/2001
WHERE FILED: LOS ANGELES COUNTY RECORDER'S
OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
CASE NO.: IAN1234
AMOUNT: $100 STATUS: Open
TYPE: State Tax DATE STATUS ATTAINED: 12/14/2001
FILED BY: State of CA-test match Code DATE FILED: 12/14/2001
AGAINST: Gorman Manufacturing Company, Inc LATEST INFO RECEIVED: 12/14/2001
WHERE FILED: LOS ANGELES COUNTY RECORDER'S
OFFICE, NORWALK, CA
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* * * UCC FILING(S) * * *
-------------------------------------------------------------------------------
COLLATERAL: Leased Equipment
FILING NO: 306-121640 DATE FILED: 04/18/2006
TYPE: Original LATEST INFO RECEIVED: 05/12/2006
SEC. PARTY: RAYMOND LEASING CORPORATION, FILED WITH: SECRETARY OF
GREENE, NY STATE/UCC DIVISION,
DEBTOR: GORMAN MANUFACTURING COMPANY, TN
INC
-------------------------------------------------------------------------------
COLLATERAL: Leased Equipment
FILING NO: 009679812 DATE FILED: 03/30/2005
TYPE: Original LATEST INFO RECEIVED: 04/07/2005
SEC. PARTY: RAYMOND LEASING CORPORATION, FILED WITH: SECRETARY OF
GREENE, NY STATE/UCC DIVISION,
DEBTOR: GORMAN MANUFACTURING COMPANY, IL
INC.
and OTHERS
-------------------------------------------------------------------------------
COLLATERAL: Leased Unspecified
FILING NO: 040077623160 DATE FILED: 08/06/2004
TYPE: Original LATEST INFO RECEIVED: 08/24/2004
SEC. PARTY: RAYMOND LEASING CORPORATION, FILED WITH: SECRETARY OF
GREENE, NY STATE/UCC DIVISION,
DEBTOR: GORMAN MANUFACTURING COMPANY, TX
INC
and OTHERS
-------------------------------------------------------------------------------
The public record items contained in this report may have been
paid, terminated, vacated or released prior to the date this
report was printed.
01/09/08
LESLIE SMITH, PRES KEVIN J HUNT, SEC-TREAS
DIRECTOR(S): THE OFFICER(S)
This is a Corporation formed in the State of California on May
21, 1985.
----------------------------------------------------------------------
* * * CORPORATE AND BUSINESS REGISTRATIONS * * *
PROVIDED BY MANAGEMENT OR OTHER SOURCE
----------------------------------------------------------------------
The Corporate Details provided below may have been submitted by the
management of the subject business and may not have been verified with
the government agency which records such data.
REGISTERED NAME: Gorman Manufacturing Company, Inc.
CORPORATION TYPE: PROFIT FILING DATE: 05/21/1985
BUSINESS TYPE: CORPORATION
REGISTRATION ID #: testcase102
STATE OF ORGANIZATION (INCORPORATION): CALIFORNIA
DATE OF ORGANIZATION (INCORPORATION) : 05/21/1985
WHERE FILED: SECRETARY OF STATE/CORPORATIONS DIVISION, SACRAMENTO, CA
----------------------------------------------------------------------
COMMON STOCK:
AUTH SHARES - 200
----------------------------------------------------------------------
Business started 1985 by Leslie Smith and Kevin J Hunt. 60% of
capital stock is owned by Leslie Smith. 40% of capital stock is owned
by Kevin J Hunt.
LESLIE SMITH born 1946. Graduated from the University of
California, Los Angeles, CA, in June 1967 with a BS degree in Business
Management. 1967-85 General Manager for Raymor Printing Co, San
Francisco, CA. 1985 formed subject with Kevin J Hunt. 1985 to
present active as Principal in Gorman Affiliate Ltd, San Francisco,
CA.
KEVIN J HUNT born 1945. Graduated from Northwestern University,
Evanston, IL in June 1966. 1966-1985 was General Manager for Raymor
Printing Co, San Francisco, CA. 1985 formed subject with Leslie
Smith. 1985 to present active as Principal in Gorman Affiliate Ltd,
San Francisco, CA.
AFFILIATE: The following is related through common principals,
management and/or ownership. Gorman Affiliate Ltd, San Francisco, CA,
started 1985. Operates as commercial printer. Intercompany
relations: None reported by management.
01/09/08 Engaged in commercial lithographic printing (100%).
Terms are Net 30 days. Has 280 account(s). Sells to commercial
concerns. Territory : United States.
Nonseasonal.
EMPLOYEES: 152 which includes officer(s). 110 employed here.
FACILITIES: Occupies premises in a one story cinder block
building.
LOCATION: Central business section on well traveled street.
BRANCHES: This business has multiple branches, detailed
branch/division information is available in D&B's linkage of family
tree products.
SUBSIDIARIES: This business has 2 subsidiaries listed below.
The extent of ownership where known, is shown in parenthesis following
company name:
Gorman Poster Printing Inc, San Francisco, CA (100%) chartered
2003. Operates as a poster printing company.
Gorman Catalog Printing Inc, San Francisco, CA (100%) chartered
2003. Operates as a catalog printing company.
01-10(7ZE /186) 99999 050186186 H
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