Dun & BradstreetSupplier Qualifier Report

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Copyright 2008 Dun & Bradstreet - Provided under contract for the exclusive use of subscriber 264157005L

ATTN: robinsonReport Printed: AUG 24 2008
  In Date

 

 Business Information
 
 
    
GORMAN MANUFACTURING COMPANY, INC.
492 Koller Street
San Francisco, CA 94110
 
Do not confuse with other Gorman companies, this is a fictitious company used by D&B for demonstration purposes.
This is a headquarters location.
Branch(es) or division(s) exist.
 
 
Telephone: 650 555-0000
 
 
 
Manager: LESLIE SMITH, PRES
 
 
 
Year started: 1985
 
 
Employs:152 (110 here)
 
All amounts are displayed in local currency.
 
Financial statement date:DEC 31 2007
 
 
Sales F:29,665,950
 
 
Net worth F:2,026,635
 
 
History: CLEAR
 
 
Financial condition: FAIR
 
   
D-U-N-S® Number:80-473-5132
 
 
D&B Rating:3A4
 
Financial strength:  3A is $1 to 10 million.
 
Composite credit appraisal:  4 is limited.
D&B Supplier Risk:7
 
SUPPLIER EVALUATION RISK (SER) RATING FOR THIS FIRM : 7
 
 
 D&B PAYDEX®
 
 
12-Month D&B PAYDEX: 54
When weighted by dollar amount, payments to suppliers average 27 days beyond terms.

Based on trade collected over last 12 months.


 
 Summary Analysis
 
 
D&B Rating:3A4
 
 Financial strength:  3A indicates $1 to 10 million.
 
 Composite credit appraisal:  4 is limited.

This credit rating was assigned because of D&B's assessment of the company's financial ratios and its cash flow. For more information, see the D&B Rating Key.

Below is an overview of the company's rating history since 03/20/08:

 
D&B RatingDate Applied
 3A403/20/08

The Summary Analysis section reflects information in D&B's file as of August 25, 2008.
 
 
 Risk Score Analysis
 
  
KEY FINANCIAL COMMENTARY:
  - Payment information indicates negative payment comments.
  - Payment information indicates slow payment(s) present
  - Payment experiences exist for this firm which are greater than 60 days past due.
  - Business does not own facilities.
 
 Incidence of Financial Stress
 
  
The Incidence of Financial Stress is the proportion of firms with scores in this range that discontinued operations with loss to creditors. Based on historical data in Dun & Bradstreet's files, the Incidence of Financial Stress over the past year was as follows:
 
INCIDENCE OF FINANCIAL STRESS:4.90%  (490 PER 10,000)
 - Supplier Risk Score of 7
 
INCIDENCE OF FINANCIAL STRESS:2.60%  (260 PER 10,000)
 - Average of Businesses in D&B's Database
 
FINANCIAL STRESS CLASS:2
 
CREDIT DELINQUENCY SCORE:239
 
 Special Events
 
 
03/19/2008
OTHER SPECIAL EVENT: As previously reported on Feb 4, 2008, Gorman Manufacturing announced that it will open a branch sales location in Santa Barbara, CA by the end of 2008.
 
 Customer Service
 
 

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.

 
 History
 
 
The following information was reported 03/19/2008:
 
Officer(s):  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.
 
 Business Registration
 

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.
 
  
 
Business type: CORPORATION
 
 
Corporation type: PROFIT
 
 
Date incorporated: MAY 21 1985
 
 
State of incorporation: CALIFORNIA
 
 
Filing date: MAY 21 1985
 
 
Registration ID: testcase102
 
   
  
Common stock
 
Authorized shares: 200
 
Par value:
 
 
Where filed:SECRETARY OF STATE/CORPORATIONS DIVISION, SACRAMENTO, CA
 
 Operations
 
 
03/19/2008
 
Description:  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.
 
 
 Family Linkage
 
 
This business is at the head of its corporate family tree. It is not a subsidiary of any other business.
 
 UNSPSC
 

UNSPSC (United Nations Standard Product and Services Code) is a globally accepted commodity (Product and Services) classification system. GORMAN MANUFACTURING COMPANY, INC. offers the following product(s) and service(s):

82151502Lithographers services
 
 NAICS
 

Beginning in 1997, the Standard Industrial Classification (SIC) was replaced by the North American Industry Classification System (NAICS). This six digit code is a major revision that not only provides for newer industries, but also reorganizes the categories on a production/process-oriented basis. This new, uniform, industry-wide classification system has been designed as the index for statistical reporting of all economic activities of the U.S., Canada, and Mexico.

323110Commercial Lithographic Printing
 
 SIC
 

Based on information in our file, D&B has assigned this company an extended 8-digit SIC. D&B's use of 8-digit SICs enables us to be more specific to a company's operations than if we use the standard 4-digit code.
 
The 4-digit SIC numbers link to the description on the Occupational Safety & Health Administration (OSHA) Web site. Links open in a new browser window.

27520000Commercial printing, lithographic
 
 D&B PAYDEX
 
 
The D&B PAYDEX is a unique, dollar weighted indicator of payment performance based on up to 51 payment experiences as reported to D&B by trade references.
3-Month D&B PAYDEX: 77
When weighted by dollar amount, payments to suppliers average 5 days beyond terms.

Based on trade collected over last 3 months.

12-Month D&B PAYDEX: 54
When weighted by dollar amount, payments to suppliers average 27 days beyond terms.

Based on trade collected over last 12 months.

 When dollar amounts are not considered, then approximately 29% of the company's payments are within terms.


 Payment Summary
 
The Payment Summary section reflects payment information in D&B's file as of the date of this report.

Below is an overview of the company's dollar-weighted payments, segmented by its suppliers' primary industries:

 Total
Rcv'd
(#)		Total Dollar
Amts
($)		Largest High
Credit
($)		Within
Terms
(%)		Days Slow
<31 31-60 61-90 90>
(%)

The highest Now Owes on file is $85,000

The highest Past Due on file is $50,000

The aggregate dollar amount of the 51 payment experiences in D&B's file equals 18.0% of this company's average monthly sales. In Dun & Bradstreet's opinion, payment experiences exceeding 10% of a company's average monthly sales can be considered representative of payment performance.


 Payment Details
 
 
Detailed payment history

Date Reported
(mm/yy)		Paying RecordHigh Credit
($)		Now Owes
($)		Past Due
($)		Selling TermsLast Sale
Within
(months)

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 is from a separate supplier. Updated trade experiences replace those previously reported.

 Payment Trends
 


SUPPLIER VERSUS INDUSTRY PAYDEX

-> PRIOR 4 QTRS CURRENT 12 MONTH TREND

PAYDEX scores are updated daily and are based on upto 13 months of trade experiences from the Dun& Bradstreet trade file.

All amounts displayed within this report are in local currency.

 Finance
 
 
03/19/2008
 
Three-year statement comparative:
 
 Fiscal 
Consolidated 
Dec 31 2005 		Fiscal 
Consolidated 
Dec 31 2006 		Fiscal 
Consolidated 
Dec 31 2007 
 
Current Assets9,795,69210,220,47011,046,076
Current Liabs6,343,5408,086,6268,258,547
Current Ratio1.541.261.34
Working Capital3,452,1522,133,8442,787,529
Other Assets2,355,5792,474,3952,169,732
Net Worth3,652,2332,602,6142,026,635
Sales24,665,00527,556,72029,665,950
Long Term Liab2,155,4982,005,6252,930,626
Net Profit (Loss)90,073(1,049,619)(575,979)
 
 
Fiscal Consolidated statement dated DEC 31 2007:
           
  Assets   Liabilities
   Cash1,032,626       Accts Pay4,116,119   
   Accts Rec5,436,724       Notes Pay625,722   
   Inventory2,956,720       L.T. Liab-(1yr)2,400,185   
   Other Curr Assets1,620,006       Other Curr Liabs1,116,521   
 Curr Assets   11,046,076     Curr Liabs   8,258,547   
   Fixt & Equip1,462,060       L.T. Liab-Other2,930,626   
   Intangibles61,030       COMMON STOCK50,000   
   Other Assets646,642       RETAINED EARNINGS1,976,635   
 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.
 
Prepared from statement(s) by Accountant: Johnson, Jordan & Jones CPAs.
 
ACCOUNTANT'S OPINION
A review of the accountant's opinion indicates the financial statements meet generally accepted accounting principles and that the audit contains no qualifications.
 
Fixed assets shown net less $765,620 depreciation.
 
On MAR 19 2008 Leslie Smith, Pres, submitted the above figures.

 Key Business Ratios
 
 
Statement date:  DEC 31 2007
Based on this number of establishments:  46
 
FirmIndustry MedianQuartile Rank
(Supplier)
Return of Sales:( 1.9) Return of Sales:2.6 4
Current Ratio:1.3 Current Ratio:1.3 2
Quick Ratio:0.8 Quick Ratio:0.9 3
Assets / Sales:44.5 Assets / Sales:58.6 1
Total Liability / Net Worth:552.1 Total Liability / Net Worth:188.0 4
 

 Public Filings
 
  

The following Public Filing data is for information purposes only and is not the official record. Certified copies can only be obtained from the official source.

 

 Judgments
 
  
 
 Suits
 
  

If it is indicated that there are defendants other than the report subject, the lawsuit may be an action to clear title to property and does not necessarily imply a claim for money against the subject.
 
 Liens
 
  
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.

 
 UCC Filings
 
  
 
The public record items contained in this report may have been paid, terminated, vacated or released prior to the date this report was printed.

 

 Government Activity
 
 
Activity summary
 Congressional District:  12
 
The details provided in the Government Activity section are as reported to Dun & Bradstreet by the federal government and other sources.
 

Copyright 2008 Dun & Bradstreet - Provided under contract for the exclusive use of subscriber 264157005L