COPYRIGHT 2000 DUN & BRADSTREET INC.
ALL RIGHTS RESERVED
COMPREHENSIVE REPORT
DUNS: 80-473-5132
GORMAN MANUFACTURING COMPANY,
INC FINANCIAL STRESS CLASS: 1
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: COMMERCIAL PRINTING
CONTROL DATE: 1965 DATE PRINTED: SEP 11 2000
CHIEF EXECUTIVE: LESLIE SMITH, PRES
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EXECUTIVE SUMMARY
- The Financial Stress Class of 1 for this company shows that during the
previous year, firms with this classification had a failure rate of
.37% (37 per 10,000), which is lower than the national average.
- The Credit Score Class of 5 for this company shows that during the previous
year, 60.5% of the firms with this classification paid one or more bills
severely delinquent, which is 3.64 times higher than the national average.
- Subject company pays its bills an average 26 days beyond terms.
- Subject company's industry pays its bills an average 8 days beyond terms.
- Subject company pays its bills slower than the average for its industry.
- Financial information from a fiscal statement dated 12/31/99 is included.
- Sales for the fiscal year ending December 1999 are up by 5.0%.
- Net worth for the fiscal year ending December 1999 is up by 5.0%.
- Operations are profitable.
- Special events are reported for this business.
- UCC filing(s) are reported for this business.
- Financing is secured.
- Under present management control 35 years.
- Evidence of open Suit(s), Lien(s) and Judgment(s) in the D&B database.
- History is clear.
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CREDIT CAPACITY SUMMARY
D&B Rating: 3A3 Payment Activity
(formerly 2A4) (based on 286 experiences):
Sales ($): 18,569,562 Average High Credit: $78,751
# of Employees Highest Credit: $2,000,000
Total: 105 Total Highest Credits: $13,716,150
(100 Here)
As of 12/31/99 Worth: $2,980,930
Working Capital: $1,274,530
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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.
===============================================================================
FINANCIAL STRESS SUMMARY
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: 1
(Highest Risk: 5; Lowest Risk: 1)
Incidence of Financial Stress Among
Companies with this Classification: 0.37% (37 per 10,000)
Incidence of Financial Stress: 0.80% (80 per 10,000)
- National Average
Financial Stress National Percentile: 38
(Highest Risk: 1; Lowest Risk: 100)
Financial Stress Score: 1425
(Highest Risk: 1,001; Lowest Risk: 1,850)
The Financial Stress Class for this company is based on the following factors:
- Payment experiences exist for this firm which are greater than 60 days
past due.
- Payment information indicates negative payment comments.
- Evidence of open Suit(s), Lien(s) and Judgment(s) in the D&B database.
- Business does not own facilities.
- 15% of trade experiences indicate slow payment(s) are present.
- D&B files indicate a net worth of $2,980,930.
- Age or date entered in the D&B files indicates lower risk.
- Current liabilities to net worth suggests potential higher risk of
financial stress.
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 over the past year with loss
to creditors. The Incidence of Financial Stress - National Average
represents the national failure rate 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 1997.
===============================================================================
FINANCIAL STRESS NORMS
National
Norms for Companies in the Same ... Percentile
- Region (PACIFIC) 43
- Industry: MANUFACTURING 58
- Employee Range (100-499) 78
- Years in Business Range (26+) 76
- Subject Company 38
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.
===============================================================================
CREDIT SCORE SUMMARY
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 Classification: 60.50%
Percentile: 10
The Credit Score Class for this company is based on the following factors:
- 15% of trade experiences indicate slow payment(s) are present.
- Payment experiences exist for this firm which are greater than 60 days past
due.
- Payment information indicates negative payment comments.
- Evidence of open Suit(s), Lien(s) and Judgment(s) in the D&B database.
- Control age or date entered in D&B files indicates lower risk.
- D&B files indicate a net worth for this firm of $2,980,930.
- Business does not own facilities.
- Quick ratio is 0.6.
Notes:
- 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 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.
===============================================================================
CREDIT SCORE NORMS
National
Norms for Companies in the Same ... Percentile
- Region (PACIFIC) 49
- Industry: MANUFACTURING 51
- Employee Range (100-499) 54
- Years in Business Range (26+) 72
- Subject Company 10
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.
===============================================================================
PAYMENT TRENDS
PAYDEX scores below are based on dollar weighted trade in most recent 12 mos.
'98 '99 '99 '99 '99 '99 '99 '00 '00 '00 '00 '00 '00 '00 '00 '00
DEC MAR JUN SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
FIRM 72 71 68 55 61 61 55 56 56 58 56 57 57 56 56 56
Industry
Quartiles
----------
Upper 79 79 79 80 79 80 80
Median 75 75 75 75 75 75 75
Lower 67 67 66 67 66 66 66
Industry PAYDEX based on: KEY TO PAYDEX SCORES:
SIC: 2752 80 Within terms
1,307 Firms 75 8 Days Beyond Terms
55 26 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 23 10,150,000 50
$50,000 - 99,999 13 885,000 54
$15,000 - 49,999 37 995,000 87
$ 5,000 - 14,999 50 362,500 83
$ 1,000 - 4,999 25 44,500 81
Under 1,000 14 5,800 54
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PAYMENT ANALYSIS BY INDUSTRY
There are 286 payment experiences in D&B's file for the most recent 12 months,
with 43 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 286 13,716,150 2,000,000
Industry
Nonclassified 30 1,229,750 750,000 39 30 0 0 31
Whol metal 4 483,500 400,000 16 82 0 2 0
Misc business credit 4 85,500 40,000 1 0 0 99 0
Management consulting 3 1,047,500 1,000,000 100 0 0 0 0
Lithographic printing 3 406,000 400,000 1 50 0 49 0
Whol industrial equip 3 262,500 250,000 100 0 0 0 0
Whol computers/softwr 3 130,000 100,000 100 0 0 0 0
Computer system desgn 3 140,000 75,000 32 0 68 0 0
Misc business service 3 101,000 60,000 40 59 1 0 0
Business consulting 3 20,000 7,500 100 0 0 0 0
Mfg mattress/bdspring 3 2,000 1,000 50 0 0 0 50
Whol office equipment 2 2,200,000 2,000,000 9 0 0 46 45
Mfg plastic sheet/flm 2 1,075,000 1,000,000 100 0 0 0 0
Whol lumber/millwork 2 530,000 500,000 100 0 0 0 0
Whol misc coml equip 2 107,500 100,000 100 0 0 0 0
Real estate agent/mgr 2 100,000 75,000 100 0 0 0 0
Foreign sea transport 2 80,000 60,000 13 74 13 0 0
Mfg soft drinks 2 52,500 50,000 98 2 0 0 0
Whol brick/stone 2 50,000 40,000 100 0 0 0 0
Whol homefurnishings 2 30,250 30,000 100 0 0 0 0
Ret building material 2 35,000 20,000 100 0 0 0 0
Whol roof/side/insul 2 20,000 15,000 100 0 0 0 0
Whol groceries 2 20,000 10,000 100 0 0 0 0
Whol hardware 2 10,500 10,000 100 0 0 0 0
Misc coml printing 2 5,000 5,000 100 0 0 0 0
Whol electronic parts 2 7,500 5,000 100 0 0 0 0
Mechanical contractor 2 5,050 5,000 99 0 1 0 0
Whol industrial suppl 2 3,000 2,500 83 0 0 17 0
Whol auto parts 2 3,500 2,500 100 0 0 0 0
Mfg surgical supplies 2 2,000 1,000 50 0 0 50 0
Ret liquefied gas 1 1,000,000 1,000,000 0 100 0 0 0
Mfg food product mach 1 700,000 700,000 100 0 0 0 0
Arrange cargo transpt 1 500,000 500,000 100 0 0 0 0
Whol flowers/supplies 1 250,000 250,000 0 0 100 0 0
Electrical contractor 1 200,000 200,000 100 0 0 0 0
Mfg cutlery 1 200,000 200,000 100 0 0 0 0
Mfg broadcastng equip 1 100,000 100,000 100 0 0 0 0
Misc outpatient care 1 100,000 100,000 0 100 0 0 0
Employment agency 1 100,000 100,000 50 50 0 0 0
Mfg switchgear-boards 1 100,000 100,000 0 0 100 0 0
Whol meats/products 1 90,000 90,000 100 0 0 0 0
Personal credit 1 75,000 75,000 0 0 100 0 0
Computer rentals 1 75,000 75,000 0 0 0 100 0
Whol const/mine equip 1 65,000 65,000 0 0 0 0 100
Mfg wood home furn 1 60,000 60,000 100 0 0 0 0
Mfg extracts/syrup 1 50,000 50,000 100 0 0 0 0
Whol books/newspapers 1 40,000 40,000 100 0 0 0 0
Single family homes 1 40,000 40,000 100 0 0 0 0
Misc repair services 1 35,000 35,000 100 0 0 0 0
Custom programming 1 30,000 30,000 50 50 0 0 0
General warehousing 1 30,000 30,000 100 0 0 0 0
Prepackaged software 1 25,000 25,000 100 0 0 0 0
Whol women/child wear 1 20,000 20,000 100 0 0 0 0
Misc equipment rental 1 20,000 20,000 100 0 0 0 0
Whol general grocery 1 20,000 20,000 100 0 0 0 0
Concrete contractor 1 15,000 15,000 100 0 0 0 0
Telephone communictns 1 15,000 15,000 100 0 0 0 0
Short-trm busn credit 1 15,000 15,000 100 0 0 0 0
Whol chemicals 1 15,000 15,000 100 0 0 0 0
Gravure printing 1 15,000 15,000 100 0 0 0 0
Mfg relays/controls 1 10,000 10,000 100 0 0 0 0
Mfg readymix concrete 1 10,000 10,000 100 0 0 0 0
Advertising agency 1 10,000 10,000 0 0 0 0 100
Mfg storage batteries 1 10,000 10,000 100 0 0 0 0
Whol paints/varnishes 1 10,000 10,000 0 100 0 0 0
Mfg plate work 1 10,000 10,000 100 0 0 0 0
Nonresident builders 1 10,000 10,000 100 0 0 0 0
Ret family clothing 1 10,000 10,000 100 0 0 0 0
Whol motor vehicles 1 10,000 10,000 100 0 0 0 0
Whol service equip 1 10,000 10,000 0 0 0 100 0
Whol nondurable goods 1 7,500 7,500 50 50 0 0 0
Whol office supplies 1 7,500 7,500 100 0 0 0 0
Management services 1 7,500 7,500 0 0 0 100 0
Mfg comp peripherals 1 7,500 7,500 100 0 0 0 0
Ret nursery 1 7,500 7,500 100 0 0 0 0
Automotive services 1 5,000 5,000 100 0 0 0 0
Whol farm supplies 1 5,000 5,000 100 0 0 0 0
Whol fish/seafood 1 5,000 5,000 50 50 0 0 0
Newspaper-print/publ 1 5,000 5,000 100 0 0 0 0
Mfg industrial trucks 1 5,000 5,000 0 0 0 100 0
Mfg curtain/drapes 1 5,000 5,000 100 0 0 0 0
Whol heating/ac equip 1 5,000 5,000 100 0 0 0 0
Ret men's clothing 1 5,000 5,000 100 0 0 0 0
Ret misc apparel 1 2,500 2,500 100 0 0 0 0
General auto repair 1 2,500 2,500 100 0 0 0 0
Misc services 1 2,500 2,500 100 0 0 0 0
Ret computer/software 1 2,500 2,500 100 0 0 0 0
Whol transport equip 1 2,500 2,500 0 0 0 0 100
Ret groceries 1 2,500 2,500 100 0 0 0 0
Mfg misc metal prdts 1 1,000 1,000 0 0 0 100 0
Mfg medical instrmnt 1 1,000 1,000 100 0 0 0 0
Ret auto supplies 1 1,000 1,000 100 0 0 0 0
Mfg roasted coffee 1 750 750 50 50 0 0 0
Whol plumb/hydronics 1 500 500 100 0 0 0 0
Whol tires/tubes 1 500 500 0 100 0 0 0
Trucking non-local 1 500 500 0 0 100 0 0
Ret stationery 1 250 250 100 0 0 0 0
Whol service paper 1 250 250 100 0 0 0 0
Radiotelephone commun 1 0 0 0 0 0 0 0
Adjust/collect svcs 1 0 0 0 0 0 0 0
Whol piece goods 1 0 0 0 0 0 0 0
Whol refrig equip 1 0 0 0 0 0 0 0
Insurance agent 1 0 0 0 0 0 0 0
Ret electronics 1 0 0 0 0 0 0 0
Steel erection 1 0 0 0 0 0 0 0
Fire/casualty insur. 1 0 0 0 0 0 0 0
OTHER PAYMENT CATEGORIES:
Cash Experiences 1 1,000
Paying Record Unknown 26 1,016,600
Unfavorable Comments 14 255,750
Placed for Collection
with D&B 0 0
other 69 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.
===============================================================================
PUBLIC FILINGS SUMMARY
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 1 08/13/1996
Liens 2 08/13/1996
Suits 2 08/13/1996
UCC's 2 10/06/1998
===============================================================================
PUBLIC FILINGS DETAIL
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) * * *
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
* * * SUIT(S) * * *
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
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) * * *
-------------------------------------------------------------------------------
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) * * *
-------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------
The public record items contained in this report may have been
paid, terminated, vacated or released prior to the date this
report was printed.
===============================================================================
BUSINESS BACKGROUND
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.
OPERATIONS
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.
===============================================================================
BANKING RELATIONSHIPS REPORTED
(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.
===============================================================================
FINANCIAL SUMMARY
KEY BUSINESS RATIOS
Based on Fiscal Consolidated Statement Dated December 31, 1999
(Industry Norms Based on 14 Establishments)
Profitability Short-Term Efficiency Utilization
% Solvency (%) (%)
Return Return Curr Quick Assets/ Total Liabs/
on Sales on Net Ratio Ratio Sales Net Worth
Worth
Firm 3.3 20.6 1.3 0.6 47.3 194.4
Industry 2.0 5.3 2.1 1.3 63.7 166.5
Median
Industry 2 1 3 4 1 3
Quartile
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.
===============================================================================
CUSTOMER SERVICE
If you need any additional information, or have any questions regarding this
report, please call our Customer Service Center at (800) 234-3867 from
(RIGA0000174
)
(C)2000D&B
anywhere within the U.S. From outside the U.S., please call your local D&B
office.
END OF COMPREHENSIVE REPORT
(EOR)
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