COPYRIGHT 2000 DUN & BRADSTREET INC.
ALL RIGHTS RESERVED
*IN DATE* Statement Date: DEC 31 1999
RATING CHANGE
DO NOT CONFUSE WITH OTHER GORMAN COMPANIES, THIS IS A FICTITIOUS COMPANY USED
BY D&B FOR DEMONSTRATION PURPOSES.
DUNS: 80-473-5132 DATE PRINTED SUMMARY
GORMAN MANUFACTURING COMPANY, SEP 11 2000 RATING 3A3
INC FORMERLY
COMMERCIAL PRINTING 2A4
492 KOLLER STREET SIC NO. STARTED 1965
AND BRANCH(ES) OR DIVISION(S) 27 52 SALES F $18,569,562
SAN FRANCISCO CA 94110 WORTH F $2,980,930
TEL: 650 555-0000 EMPLOYS 105(100 HERE)
HISTORY CLEAR
FINANCING SECURED
CHIEF EXECUTIVE: LESLIE SMITH, PRES
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SPECIAL
EVENTS
07/26/00 On Mar 26, 1998 the subject experienced a fire due to an
earthquake. According to Leslie Smith, president, damages amounted to
$35,000 which were fully covered by their insurance company. The
business was closed for two days while employees settled personal
matters.
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* * * CUSTOMER SERVICE * * *
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If you need any additional information or have any questions, please call the
D&B Online Customer Service Center at 1-800-223-1026.
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* * * SUMMARY ANALYSIS * * *
===============================================================================
The Summary Analysis section reflects information in D&B's file as of
September 11, 2000.
RATING SUMMARY . . . .
The Rating was changed on July 26, 2000 because of changes in financial
information, payment information, or other information about this
business. The "3A" portion of the Rating (the Rating Classification)
indicates that the company has a worth from $1 million to $10 million.
The "3" on the right (Composite Credit Appraisal) indicates an overall
"fair" 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 06/10/93:
RATING DATE APPLIED
------ ------------
3A3 07/26/00
2A4 07/25/00
3A3 06/10/93
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* * * PAYMENT SUMMARY * * *
===============================================================================
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 56.
This PAYDEX score indicates that payments to suppliers average 26 days beyond
terms, weighted by dollar amounts. When dollar amounts are not considered,
approximately 44% 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 286 13,716,150 2,000,000
Top 10 Industries:
1 Nonclassified 30 1,229,750 750,000 39 30 - - 31
2 Whol metal 4 483,500 400,000 16 82 - 2 -
3 Management consulting 3 1,047,500 1,000,000 100 - - - -
4 Lithographic printing 3 406,000 400,000 1 50 - 49 -
5 Whol office equipment 2 2,200,000 2,000,000 9 - - 46 45
6 Mfg plastic sheet/flm 2 1,075,000 1,000,000 100 - - - -
7 Whol lumber/millwork 2 530,000 500,000 100 - - - -
8 Ret liquefied gas 1 1,000,000 1,000,000 - 100 - - -
9 Mfg food product mach 1 700,000 700,000 100 - - - -
10 Arrange cargo transpt 1 500,000 500,000 100 - - - -
11 OTHER INDUSTRIES 127 3,271,050 250,000 67 9 16 6 2
Other Payment Categories:
Cash experiences 1 1,000 1,000
Payment record unknown 26 1,016,600 500,000
Unfavorable comments 14 255,750 100,000
Placed for collection
with D&B 0 0
other 69 N/A
The highest "Now Owes" on file is $750,000
The highest "Past Due" on file is $750,000
Dun & Bradstreet has 286 payment experiences in its file for this company. For
your convenience, we have displayed 80 representative experiences in the
PAYMENTS section.
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PAYMENTS (Amounts may be rounded to nearest figure in prescribed ranges)
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
08/00 Ppt 40000 -0- -0- N45 2-3 Mos
Ppt 30000 15000 -0- 2 10 N30 1 Mo
Ppt 20000 1000 500 2-3 Mos
Ppt 15000 10000 -0- N30 2-3 Mos
Ppt 15000 -0- -0- 2-3 Mos
Ppt 500 -0- -0- 2-3 Mos
Slow 60 500 500 500 N30 2-3 Mos
Slow 90 40000 20000 5000 2-3 Mos
Slow 90 500 500 500 N30 6-12 Mos
(010) 20000 20000 20000 2-3 Mos
Placed for collection.
(011) 20000 15000 15000 6-12 Mos
Placed for collection.
(012) 7500 7500 7500 2-3 Mos
Placed for collection.
(013) 5000 250 250 6-12 Mos
Bad debt.
(014) 5000 5000 5000 2-3 Mos
Placed for collection.
(015) 1000 1000 1000 2-3 Mos
Placed for collection.
(016) 1000 1000 1000 2-3 Mos
Placed for collection.
(017) 1000 1000 1000 2-3 Mos
Placed for collection.
(018) 500 500 500 2-3 Mos
Placed for collection.
(019) -0- -0- 2-3 Mos
Unsatisfactory.
07/00 Antic 15000 1000 -0- 1 Mo
Antic 5000 -0- -0- N30 6-12 Mos
Ppt 10000 -0- -0- N30 6-12 Mos
Ppt 7500 -0- -0- 1 10 N30
Ppt 1000 -0- -0- 6-12 Mos
Slow 60 75000 75000 75000 1 Mo
Slow 240 65000 10000 10000 6-12 Mos
(027) 2500 2500 2500 Regular terms 6-12 Mos
Placed for collection.
(028) 2500 -0- -0- 4-5 Mos
Placed for collection.
(029) 2500 2500 2500 2-3 Mos
Placed for collection.
(030) 1000 1000 1000
Placed for collection.
(031) 1000 1000 1000
Placed for collection.
(032) 1000 1000 1000 6-12 Mos
Placed for collection.
(033) 1000 1000 1000
Placed for collection.
(034) 1000 1000 1000
Placed for collection.
(035) 500 500 500
Placed for collection.
(036) -0- -0-
Bad debt.
06/00 Ppt 5000 500 -0- N30 1 Mo
Ppt 1000 500 500 N30 1 Mo
Slow 500 -0- -0- 6-12 Mos
Slow 45 1000 1000 500
Slow 240 2500 2500 2500 N30 6-12 Mos
(042) 100000 50000 -0- 2-3 Mos
Credit refused.
(043) 2500 2500 2500 1 Mo
Placed for collection.
05/00 Ppt 40000 5000 -0- 2 30 N30 2-3 Mos
Ppt 15000 500 -0- 2-3 Mos
Ppt 10000 -0- -0- N30 2-3 Mos
Ppt 250 -0- -0- N30 2-3 Mos
Ppt 250 -0- -0- N30 2-3 Mos
Slow 60 100000 100000 100000 N30 2-3 Mos
(050) 50000 5000 5000 6-12 Mos
Placed for collection.
(051) 45000 -0- -0- 2-3 Mos
Satisfactory.
(052) 10000 10000 10000 4-5 Mos
Account in dispute.
04/00 Ppt 500000 250000 -0-
Ppt 75000 -0- -0- N90 2-3 Mos
Ppt 40000 40000 -0- 2 10 N30
Ppt 25000 1000 -0- 6-12 Mos
Ppt 20000 -0- -0- 6-12 Mos
Ppt 5000 1000 -0- N30 4-5 Mos
Ppt 5000 -0- -0- N30
Ppt 5000 -0- -0- N30 6-12 Mos
Ppt 5000 1000 -0- N30
Ppt 2500 1000 -0- N30 4-5 Mos
(063) 15000 15000 15000
Placed for collection.
03/00 Ppt 200000 80000 -0- N30 4-5 Mos
Ppt 5000 -0- -0- 2-3 Mos
Ppt 1000 250 -0- N30 4-5 Mos
Ppt 500 250 -0- N30
Slow 90 7500 2500 2500 1 10 N30 4-5 Mos
02/00 Slow 30 100000 100000 50000 N30
Slow 90 10000 7500 -0- 2 30 N45 1 Mo
(071) -0- -0-
Satisfactory.
01/00 Ppt 250000 100000 -0- N30 1 Mo
(073) -0- -0- 2-3 Mos
Satisfactory.
12/99 Ppt 200000 35000 -0- N30 2-3 Mos
Ppt 50000 10000 -0- 2-3 Mos
Ppt 2500 -0- -0- N30 2-3 Mos
Ppt 1000 -0- -0- 2-3 Mos
Ppt 500 50 -0- N30 2-3 Mos
11/99 Ppt-Slow 30 5000 -0- -0- EOM 1 Mo
(080) 15000 15000 15000 1 Mo
Suit filed.
* 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.
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FINANCE
07/26/00 Fiscal Fiscal Fiscal
Dec 31 1997 Dec 31 1998 Dec 31 1999
Curr Assets 5,425,125 5,735,650 6,022,432
Curr Liabs 4,125,718 4,521,811 6,747,902
Current Ratio 1.31 1.26 0.89
Working Capital 1,299,407 1,213,839 (725,470)
Other Assets 2,191,690 2,623,143 2,754,300
Worth 2,125,499 2,838,982 980,930
Sales 13,007,229 17,685,297 18,569,562
Long Term Liab 1,365,598 998,000 1,047,900
Net Profit (Loss) 26,014 584,077 613,280
Fiscal statement dated DEC 31 1999:
Cash $ 782,250 Accts Pay $ 2,684,022
Accts Rec 1,905,671 Notes Pay 420,000
Inventory 1,575,761 Bank Loans 955,500
Other Curr Assets 1,758,750 Other Curr Liabs 688,380
--------------- ---------------
Curr Assets 6,022,432 Curr Liabs 4,747,902
Fixt & Equip 2,087,203 L.T. Liab-Other 1,047,900
Other Assets 667,097 COMMON STOCK 50,000
RETAINED EARNINGS 2,930,930
--------------- ---------------
Total Assets 8,776,732 Total 8,776,732
From JAN 01 1999 to DEC 31 1999 sales $18,569,562; cost of goods
sold $14,941,037. Gross profit $3,628,525; operating expenses
$3,015,245. Operating income $613,280. Net income $613,280.
Submitted MAR 30 1999 by Leslie Smith, president. 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--
STATEMENT ITEM EXPLANATIONS:.
OTHER CURRENT ASSETS: Consist of prepaid expenses and of a loan
from an affiliated concern.
OTHER ASSETS: Consists of deposits.
BANK LOANS: Due to bank at prime interest rate, are secured by
accounts receivable and inventory and mature in 3 years.
NOTES PAYABLE: Are due on printing equipment in monthly
installments of $37,500.
OTHER CURRENT LIABILITIES: Consist of accrued expenses and
taxes.
LONG TERM DEBT: Consists of the long term portion of the
equipment note.
On JUN 15 2000 Leslie Smith, Pres, referred to the above figures.
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PUBLIC FILINGS
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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* * * JUDGMENT(S) * * *
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DOCKET NO.: 94CV321
JDGMT AWARD: $5,003 STATUS: Unsatisfied
JDGMT TYPE: Default judgment DATE STATUS ATTAINED: 08/13/1996
AGAINST: GORMAN MANUFACTURING COMPANY, DATE ENTERED: 08/13/1996
INC LATEST INFO COLLECTED: 10/02/1996
IN FAVOR OF: JOHN SMITH
WHERE FILED: CONTRA COSTA COUNTY SUPERIOR
COURT/MARTINEZ, MARTINEZ, CA
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* * * SUIT(S) * * *
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DOCKET NO.: 96CV123
SUIT AMOUNT: $1,000 STATUS: Pending
PLAINTIFF: JOHN SMITH DATE STATUS ATTAINED: 08/13/1996
DEFENDANT: GORMAN MANUFACTURING COMPANY, DATE FILED: 08/13/1996
INC LATEST INFO COLLECTED: 10/02/1996
CAUSE: Civil Rights
WHERE FILED: CONTRA COSTA COUNTY SUPERIOR
COURT/MARTINEZ, MARTINEZ, CA
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DOCKET NO.: SC19951218
SUIT AMOUNT: $20,000 STATUS: Pending
PLAINTIFF: DUN & BRADSTREET, BETHLEHEM, PA DATE STATUS ATTAINED: 12/18/1995
DEFENDANT: GORMAN MANUFACTURING COMPANY, DATE FILED: 12/18/1995
INC LATEST INFO COLLECTED: 12/19/1995
CAUSE: Breach of contract
WHERE FILED: KERN COUNTY MUNICIPAL COURT /
WEST DISTRICT, BAKERSFIELD, CA
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* * * LIEN(S) * * *
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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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BOOK/PAGE: 23/506
AMOUNT: $230 Sales and use STATUS: Open
TYPE: State Tax DATE STATUS ATTAINED: 08/13/1996
FILED BY: STATE OF CALIFORNIA DATE FILED: 08/13/1996
AGAINST: GORMAN MANUFACTURING COMPANY, INC LATEST INFO COLLECTED: 10/02/1996
WHERE FILED: CONTRA COSTA COUNTY RECORDERS
OFFICE, MARTINEZ, CA
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BOOK/PAGE: 32/506
AMOUNT: $50,000 Corporate income tax STATUS: Open
TYPE: Federal Tax DATE STATUS ATTAINED: 08/13/1996
FILED BY: INTERNAL REVENUE SERVICE DATE FILED: 08/13/1996
AGAINST: GORMAN MANUFACTURING COMPANY, INC LATEST INFO COLLECTED: 10/02/1996
WHERE FILED: CONTRA COSTA COUNTY RECORDERS
OFFICE, MARTINEZ, CA
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* * * UCC FILING(S) * * *
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COLLATERAL: All Inventory including proceeds and products - All Accounts
receivable including proceeds and products - All Fixtures including
proceeds and products
FILING NO: 123456 DATE FILED: 10/05/1998
TYPE: Original LATEST INFO RECEIVED: 10/12/1998
SEC. PARTY: ABC COMPANY FILED WITH: SECRETARY OF
DEBTOR: GORMAN MANUFACTURING COMPANY, STATE/UCC DIVISION,
INC CA
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COLLATERAL: Specified Equipment and products
FILING NO: 222222 DATE FILED: 10/06/1998
TYPE: Original LATEST INFO RECEIVED: 10/12/1998
SEC. PARTY: XYZ COMPANY FILED WITH: SECRETARY OF
DEBTOR: GORMAN MANUFACTURING COMPANY, STATE/UCC DIVISION,
INC CA
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The public record items contained in this report may have been
paid, terminated, vacated or released prior to the date this
report was printed.
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BANKING
(03-98) Balances average in a low 7 figure amount. At Dec 31
1997, a low 7 figure was outstanding under short-term lines of credit
which are secured by accounts receivable and inventory.
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HISTORY
07/26/00
LESLIE SMITH, PRES KEVIN J HUNT, SEC-TREAS
DIRECTOR(S): THE OFFICER(S)
Incorporated California May 21 1965. Authorized capital consists
of 200 shares common stock, no par value.
Business started May 21 1965 by Leslie Smith and Kevin J Hunt.
100% of capital stock is owned by the officers.
LESLIE SMITH born 1926. Graduated from the University of
California, Los Angeles, CA, in June 1947 with a BS degree in Business
Management. 1947-65 general manager for Raymor Printing Co, San
Francisco, CA. 1965 formed subject with Kevin J Hunt.
KEVIN J HUNT born 1925. Graduated from Northwestern University,
Evanston, IL in June 1946. 1946-1965 was general manager for Raymor
Printing Co, San Francisco, CA. 1965 formed subject with Leslie
Smith.
AFFILIATE: The following is related through common principals,
management and/or ownership. Gorman Affiliate Ltd, San Francisco, CA,
started 1965. DUNS #80-480-0217. Operates as commercial printer.
Intercompany relations: None reported by management.
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OPERATION
07/26/00 Commercial printing specializing in advertising posters,
catalogs, circulars and coupons.
ADDITIONAL TELEPHONE NUMBER(S): Facsimile (Fax) 415 555-1000;
Toll-Free (800) 555-5555.
Has 175 account(s). Net 30 days. Sells to commercial concerns.
Territory : United States.
Nonseasonal.
EMPLOYEES: 105 which includes officer(s). 100 employed here.
FACILITIES: Rents 55,000 sq. ft. in a one story cinder block
building.
LOCATION: Central business section on well traveled street.
BRANCHES: Subject maintains a branch at 1073 Boyden Road, Los
Angeles, CA.
09-11(334 /334) 99999 050120120 H
FULL DISPLAY COMPLETE
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