| AKTENZEICHEN: |
10.01.2008 11:41:22 |
VOLLBERICHT
GORMAN MANUFACTURING COMPANY, DUNS: 80-473-5132
INC. FINANCIAL STRESS CLASS: 4
CREDIT SCORE CLASS: 5
492 KOLLER STREET
AND BRANCH(ES) OR DIVISION(S) KEY
SAN FRANCISCO CA 94110 =============================
TEL: 650 555-0000 LOWEST RISK HIGHEST RISK
1 2 3 4 5
SIC: 27 52
LINE OF BUSINESS: LITHOGRAPHIC COMMERCIAL PRINTING
YEAR STARTED: 1985
CONTROL DATE: 1985 DATE PRINTED: JAN 10 2008
LESLIE SMITH, PRES
- The Financial Stress Class of 4 for this company shows that firms with this
classification had a failure rate of 14.1% (1,410 per 10,000), which is
5.42 times higher than the average of businesses in D&B's database.
- The Credit Score Class of 5 for this company shows that 61.9% of firms with
this classification paid one or more bills severely delinquent, which is
3.08 times higher than the average of businesses in D&B's database.
- Subject company pays its bills an average 57 days beyond terms.
- Subject company's industry pays its bills an average 5 days beyond terms.
- Subject company pays its bills slower than the average for its industry.
- Financial information from a fiscal consolidated statement dated 12/31/07
is included.
- Sales for the fiscal year ending December 2007 are up by 7.7%.
- Net worth for the fiscal year ending December 2007 is down by 22.1%.
- UCC filing(s) are reported for this business.
- Under present management control 23 years.
- Evidence of open Lien(s) in the D&B database.
- History is clear.
D&B Rating: 3A4 Payment Activity
(based on 120 experiences):
Sales ($): 29,665,950 Average High Credit: $48,889
# of Employees Highest Credit: $750,000
Total: 152 Total Highest Credits: $3,205,400
(110 Here)
As of 12/31/07 Worth: $2,026,635
Working Capital: $2,787,529
The Financial Stress Model predicts the likelihood of a firm ceasing business
without paying all creditors in full, or reorganizing or obtaining relief from
creditors under state/federal law over the next 12 months. Scores were
calculated using a statistically valid model derived from D&B's extensive data
files.
Financial Stress Class: 4
(Highest Risk: 5; Lowest Risk: 1)
Incidence of Financial Stress Among
Businesses with this Class: 14.10% (1410 per 10,000)
Incidence of Financial Stress: 2.60% (260 per 10,000)
- Average of businesses in D&B's database
Financial Stress National Percentile: 4
(Highest Risk: 1; Lowest Risk: 100)
Financial Stress Score: 1244
(Highest Risk: 1,001; Lowest Risk: 1,875)
The Financial Stress Score of this business is based on the following factors:
- 71% of trade dollars indicate slow payment(s) are present.
- Change in Net Worth suggests higher risk of financial stress.
- Payment information indicates negative payment comments.
- Payment experiences exist for this firm which are greater than 60 days
past due.
Notes:
- The Financial Stress Class indicates that this firm shares some of
the same business and financial characteristics of other companies with
this classification. It does not mean the firm will necessarily
experience financial stress.
- The Incidence of Financial Stress shows the percentage of firms in a
given Class that discontinued operations with loss to creditors.
The average Incidence of Financial Stress is based on businesses in
D&B's database and is provided for comparative purposes.
- The Financial Stress National Percentile reflects the relative
ranking of a company among all scorable companies in D&B's file.
- The Financial Stress Score offers a more precise measure of the level
of risk than the Class and Percentile. It is especially helpful to
customers using a scorecard approach to determining overall business
performance.
- All Financial Stress Class, Percentile, Score and Incidence
statistics are based on 2004.
National
Norms for Companies in the Same ... Percentile
- Region (PACIFIC) 50
- Industry: MANUFACTURING 52
- Employee Range (100-499) 99
- Years in Business Range (11-25) 52
- Subject Company 4
Key Comparisons
The subject company has a Financial Stress Percentile that shows:
- Higher risk than other companies in the same region.
- Higher risk than other companies in the same industry.
- Higher risk than other companies in the same employee size range.
- Higher risk than other companies with a comparable number of years in
business.
The Credit Score Class predicts the likelihood of a firm paying in a severely
delinquent manner (90+ Days Past Terms) over the next twelve months. It was
calculated using statistically valid models and the most recent payment
information in D&B's files.
Credit Score Class: 5
Incidence of Delinquent Payment Among
Companies with this Class: 61.90%
Incidence of Delinquent Payment: 20.10%
- Average compared to businesses in D&B's database
Percentile: 1
Credit Score: 191
The Credit Score of this business is based on the following factors:
- Payment information indicates negative payment comments.
- 71% of trade dollars indicate slow payment(s) are present.
- Payment experiences exist for this firm which are greater than 60 days past
due.
- Business does not own facilities.
Notes:
- The Credit Score Class indicates that this firm shares some of the same
business and payment characteristics of other companies with this
classification. It does not mean the firm will necessarily experience
delinquency.
- The Incidence of Delinquent Payment is the percentage of companies with
this classification that were reported 90 days past due or more by
creditors. The calculation of this value is based on an inquiry weighted
sample.
- The Delinquency Rate is the percentage of companies with this
classification that were reported 90 days past due or more by creditors.
The calculation of this value is based on an inquiry weighted sample.
- The Percentile ranks this firm relative to other businesses. For example,
a firm in the 80th percentile has a lower risk of paying in a severely
delinquent manner than 79% of all scorable companies in D&B's files.
- The Credit Score offers a more precise measure of the level of risk than
the Class and Percentile. It is especially helpful to customers using a
scorecard approach to determining overall business performance.
- All Credit Class, Percentile, Score and Incidence statistics are based on
sample data from 2004.
National
Norms for Companies in the Same ... Percentile
- Region (PACIFIC) 52
- Industry: MANUFACTURING 57
- Employee Range (100-499) 75
- Years in Business Range (11-25) 64
- Subject Company 1
Key Comparisons
The subject company has a Credit Score Percentile that shows:
- Higher risk than other companies in the same region.
- Higher risk than other companies in the same industry.
- Higher risk than other companies in the same employee size range.
- Higher risk than other companies with a comparable number of years in
business.
PAYDEX scores below are based on dollar weighted trade in most recent 12 mos.
'06 '06 '06 '06 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '07 '08
MAR JUN SEP DEC FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN
FIRM 30 39 42 42 41 41 41 41 40 40 40 40 41 41 41 41
Industry
Quartiles
----------
Upper 80 80 80 80 80 80 80 80
Median 76 77 77 77 76 76 76 77
Lower 69 70 70 69 68 68 68 68
Industry PAYDEX based on: KEY TO PAYDEX SCORES:
SIC: 2752 80 Within terms
622 Firms 76 6 Days Beyond Terms
30 90 Days Beyond Terms
| Summary Of Payment Habits |
Dollar Range Comparisons:
Suppliers That Number of Total % of Dollars
Extend Credit of... Experiences: Amount Within Terms
# $ %
OVER $100,000 7 1,750,000 3
$50,000 - 99,999 9 595,000 39
$15,000 - 49,999 12 380,000 51
$ 5,000 - 14,999 18 127,500 18
$ 1,000 - 4,999 14 30,500 25
Under 1,000 4 1,500 17
| Payment Analysis By Industry |
There are 120 payment experiences in D&B's file for the most recent 12 months,
with 8 experiences reported during the last three month period.
Total Dollar Highest Within Slow Slow Slow Slow
Recd Amount Credit Terms 1-30 31-60 61-90 91+
# $ $ --- % of dollar amount ---
Total in D&B's File 120 3,205,400 750,000
Industry
Whol electrical equip 4 120,000 55,000 87 13 0 0 0
Whol industrial equip 4 15,500 10,000 0 24 41 0 35
Mfg mattress/bdspring 3 52,500 40,000 0 10 0 83 7
Misc business credit 2 46,000 45,000 100 0 0 0 0
Whol computers/softwr 2 80,000 40,000 50 0 0 0 50
Mfg blowers/fans 2 35,000 30,000 43 57 0 0 0
Whol hardware 2 32,500 25,000 0 0 100 0 0
Arrange cargo transpt 2 11,000 10,000 5 90 5 0 0
Computer system desgn 2 12,500 7,500 100 0 0 0 0
Whol service equip 2 7,500 5,000 100 0 0 0 0
Trucking non-local 2 6,000 5,000 0 83 0 0 17
Misc business service 2 7,500 5,000 100 0 0 0 0
Ret misc merchandise 2 2,750 2,500 46 45 9 0 0
Mfg plastic sheet/flm 1 750,000 750,000 0 50 50 0 0
Lace/warp knit mill 1 500,000 500,000 0 100 0 0 0
Mfg semiconductors 1 100,000 100,000 0 0 100 0 0
Mfg plastics/resins 1 100,000 100,000 0 50 0 0 50
Mfg structural metal 1 100,000 100,000 50 0 50 0 0
Whol motor vehicles 1 100,000 100,000 0 0 50 0 50
Mfg misc plastic prdt 1 100,000 100,000 0 0 50 0 50
Mfg telephone equip 1 85,000 85,000 0 100 0 0 0
Whol metal 1 80,000 80,000 100 0 0 0 0
Whol general grocery 1 70,000 70,000 100 0 0 0 0
Mfg broadcastng equip 1 70,000 70,000 0 0 0 0 100
Petroleum refining 1 65,000 65,000 0 0 0 0 100
Whol chemicals 1 60,000 60,000 50 50 0 0 0
Mfg elect indus equip 1 60,000 60,000 0 0 0 50 50
Facilities support 1 50,000 50,000 0 100 0 0 0
Mfg sheet metalwork 1 30,000 30,000 0 0 100 0 0
Mfg car parts 1 25,000 25,000 100 0 0 0 0
Gas w/other services 1 25,000 25,000 0 0 0 50 50
Business consulting 1 20,000 20,000 100 0 0 0 0
Whol appliances 1 10,000 10,000 0 50 0 0 50
Sawmill/planing mill 1 10,000 10,000 0 0 100 0 0
Mfg fabricated rubber 1 10,000 10,000 0 0 50 50 0
Help supply service 1 10,000 10,000 0 0 0 0 100
Whol drugs/sundries 1 5,000 5,000 0 50 0 0 50
Short-trm busn credit 1 5,000 5,000 0 50 0 0 50
Mfg pumping equipment 1 2,500 2,500 0 50 0 0 50
Whol transport equip 1 2,500 2,500 0 0 0 0 100
Passenger car leasing 1 2,500 2,500 0 0 100 0 0
Whol misc coml equip 1 2,500 2,500 0 0 0 0 100
Mfg manifold forms 1 2,500 2,500 0 50 0 50 0
Misc coml printing 1 2,500 2,500 0 100 0 0 0
Data processing svcs 1 500 500 0 100 0 0 0
Nonclassified 1 250 250 100 0 0 0 0
OTHER PAYMENT CATEGORIES:
Cash Experiences 1 250
Paying Record Unknown 4 90,000
Unfavorable Comments 17 230,600
Placed for Collection
with D&B 1 50
other 33 N/A
Accounts are sometimes placed for collection even though the existence or
amount of the debt is disputed.
Indications of slowness can be the result of disputes over merchandise, skipped
invoices, etc.
The following data includes both open and closed filings found in
D&B's database on the subject company.
Most Recent
Record Type # Filing Date
Bankruptcy Proceedings 0 -
Judgments 0 -
Liens 4 12/14/2001
Suits 0 -
UCC's 3 04/18/2006
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.
HISTORY
----------------------------------------------------------------------
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.
BUSINESS TYPE: CORPORATION - DATE INCORPORATED: 05/21/1985
PROFIT STATE OF INCORP: CALIFORNIA
AUTH SHARES-COMMON: 200
----------------------------------------------------------------------
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.
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.
OPERATIONS
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.
OTHER CORPORATE DETAILS
STATE ID NO: testcase102
KEY BUSINESS RATIOS
Based on a Financial Statement Dated December 31, 2007
(Industry Norms Based on 67 Establishments)
Profitability Short-Term Efficiency Utilization
% Solvency (%) (%)
Return Return Curr Quick Assets/ Sales/ Total Liabs/
on Sales on Net Ratio Ratio Sales Net working Net Worth
Worth Capital
Firm ( 1.9) ( 28.4) 1.3 0.8 44.5 10.6 552.1
Industry 2.5 15.0 1.6 1.1 53.6 8.1 141.7
Median
Industry 4 4 3 3 1 2 4
Quartile
FINANCIAL INFORMATION
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.
If you need any additional information, or have any questions regarding this
report, please call our Customer Service Center at (800) 234-3867 from
anywhere within the U.S. From outside the U.S., please call your local D&B
office.
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