*IN DATE* Statement Date: DEC 31 2000
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, JUN 28 2002 RATING --
INC
COMMERCIAL PRINTING STARTED 1965
492 KOLLER STREET SIC NO. SALES F $19,683,736
AND BRANCH(ES) OR DIVISION(S) 27 52 WORTH F $3,160,644
SAN FRANCISCO CA 94110 EMPLOYS 110(100 HERE)
TEL: 650 555-0000 HISTORY CLEAR
FINANCING SECURED
LESLIE SMITH
===============================================================================
SPECIAL
EVENTS
06/24/02 On Mar 26, 2001 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.
===============================================================================
* * * 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.
===============================================================================
* * * SUMMARY ANALYSIS * * *
===============================================================================
The Summary Analysis section reflects information in D&B's file as of
June 25, 2002.
RATING SUMMARY . . . .
The absence of a Rating (--) indicates that the information available to
D&B does not permit us to assign a Rating to this business. In this
case, no Rating 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 04/04/01:
RATING DATE APPLIED
------ ------------
-- 04/04/01
===============================================================================
* * * 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 34.
This PAYDEX score indicates that payments to suppliers average 78 days beyond
terms, weighted by dollar amounts. When dollar amounts are not considered,
approximately 10% 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 234 5,968,250 2,000,000
Top 10 Industries:
1 Misc business credit 3 302,500 200,000 1 - 99 - -
2 Misc equipment rental 3 305,000 200,000 34 - - 66 -
3 Mfg telephone equip 2 2,050,000 2,000,000 - 2 - 98 -
4 Nonclassified 2 1,020,000 1,000,000 98 - 2 - -
5 Custom programming 2 270,000 250,000 7 - 93 - -
6 Personal credit 2 101,000 100,000 - 100 - - -
7 Natural gas distrib 1 250,000 250,000 - 100 - - -
8 Whol furniture 1 100,000 100,000 - - - 100 -
9 Mfg distilled liquor 1 100,000 100,000 - - - 100 -
10 Mfg plastics/resins 1 80,000 80,000 - 50 - 50 -
11 OTHER INDUSTRIES 72 699,000 75,000 43 8 15 28 6
Other Payment Categories:
Cash experiences 0 0 0
Payment record unknown 11 89,500 40,000
Unfavorable comments 20 601,250 250,000
Placed for collection
with D&B 0 0
other 113 N/A
The highest "Now Owes" on file is $2,000,000
The highest "Past Due" on file is $700,000
Dun & Bradstreet has 234 payment experiences in its file for this company. For
your convenience, we have displayed 80 representative experiences in the
PAYMENTS section.
===============================================================================
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
03/02 Disc 10000 500 -0- 2-3 Mos
Ppt 30000 -0- -0- N90 2-3 Mos
Ppt 7500 1000 -0- N10 1 Mo
Slow 50000 50000 50000 N30 6-12 Mos
Slow 30 15000 -0- -0- N30 1 Mo
Slow 60 200000 50000 50000 1 Mo
Slow 60 20000 5000 5000 N30 2-3 Mos
Slow 60 2500 -0- -0- 1 Mo
Slow 90 200000 100000 5000 1 Mo
Slow 60-90 2500 1000 1000 2-3 Mos
Slow 90 2500 2500 2500 N30 2-3 Mos
Slow 90 500 500 500 N30 1 Mo
Slow 30-120 2500 2500 2500 1 Mo
Slow 60-120 2500 750 750 1 Mo
Slow 160 1000 500 500 N30 6-12 Mos
(016) 250000 250000 250000 1 Mo
Placed for collection.
(017) 100000 100000 100000 6-12 Mos
Placed for collection.
(018) 40000 20000 20000 6-12 Mos
Placed for collection.
(019) 20000 20000 20000 1 Mo
Placed for collection.
(020) 7500 2500 2500 1 Mo
Placed for collection.
(021) 5000 5000 5000 1 Mo
Placed for collection.
(022) 5000 5000 5000 1 Mo
Placed for collection.
(023) 5000 500 500 4-5 Mos
Account in dispute.
(024) 2500 2500 2500 6-12 Mos
Placed for collection.
(025) 1000 1000 1000 1 Mo
Placed for collection.
(026) 1000 1000 1000 1 Mo
Placed for collection.
(027) 1000 1000 1000 1 Mo
Placed for collection.
(028) 1000 1000 1000 1 Mo
Placed for collection.
(029) 500 500 500 1 Mo
Placed for collection.
(030) 500 500 500 1 Mo
Placed for collection.
(031) 500 500 500 1 Mo
Placed for collection.
(032) 500 500 500 1 Mo
Placed for collection.
(033) 250 250 250 2-3 Mos
Placed for collection.
(034) 100 100 100 2-3 Mos
Placed for collection.
(035) 100 100 100 2-3 Mos
Placed for collection.
(036) Sales COD 2-3 Mos
Placed for collection.
02/02 (037) 20000 20000 20000 6-12 Mos
Credit refused.
01/02 Slow 90 500 500 500 N30 2-3 Mos
(039) 20000 20000 20000 6-12 Mos
Placed for collection.
(040) 2500 1000 -0- 2-3 Mos
Placed for collection.
12/01 Ppt 75000 40000 -0- N30
Ppt 5000 5000 -0- 1 Mo
Slow 500 500 500 N30 6-12 Mos
Slow 15 500 500 500 N30 2-3 Mos
Slow 15-90 80000 80000 80000 N30
Slow 70-90 7500 5000 5000 N30 2-3 Mos
Slow 60-120 35000 10000 10000 N30
(048) 10000 10000 10000 6-12 Mos
Placed for collection.
(049) 10000 10000 10000
Placed for collection.
(050) 5000 5000 5000 Spec agreement 6-12 Mos
Placed for collection.
(051) 5000 5000 5000 2-3 Mos
Placed for collection.
(052) 5000 5000 5000 6-12 Mos
Placed for collection.
(053) 2500 1000 1000 6-12 Mos
Account in dispute.
(054) 2500 2500 2500 6-12 Mos
Placed for collection.
(055) 2500 250 250 6-12 Mos
NSF check recvd.
(056) 2500 2500 2500 6-12 Mos
Bad debt.
(057) 2500 2500 2500
Placed for collection.
(058) 1000 1000 1000 2-3 Mos
Placed for collection.
(059) 1000 1000 1000 6-12 Mos
Bad debt.
(060) 1000 1000 1000 6-12 Mos
Placed for collection.
(061) 1000 1000 1000 6-12 Mos
Placed for collection.
(062) 1000 1000 1000 6-12 Mos
Placed for collection.
(063) 500 500 500 6-12 Mos
Placed for collection.
(064) 500 500 500 6-12 Mos
Placed for collection.
(065) 500 500 500 6-12 Mos
Placed for collection.
11/01 (066) 20000 20000 20000 2-3 Mos
Placed for collection.
(067) 20000 20000 20000 1 Mo
Placed for collection.
10/01 Ppt 20000 20000 15000 N10 1 Mo
Ppt 500 -0- -0- 2-3 Mos
Ppt -0- -0- N10
Slow 15 5000 5000 5000 N15
Slow 15 2500 2500 500 N30 2-3 Mos
Slow 60 100000 100000 7500 1 Mo
Slow 90 10000 10000 10000 N30 1 Mo
Slow 90 5000 5000 5000 N30 2-3 Mos
(076) 40000 40000 40000 4-5 Mos
Placed for collection.
(077) 20000 20000 20000 1 Mo
Bad debt.
(078) 15000 1000 1000
Placed for collection.
05/01 Slow 60 20000 7500 7500 2 10 N30 6-12 Mos
(080) 50 -0- -0- 1 Mo
Satisfactory.
* 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.
===============================================================================
FINANCE
06/24/02 Fiscal Fiscal Fiscal
Dec 31 1998 Dec 31 1999 Dec 31 2000
Curr Assets 5,735,650 6,022,432 6,383,778
Curr Liabs 4,521,811 4,747,902 5,032,776
Current Ratio 1.26 1.27 1.27
Working Capital 1,213,839 1,274,530 1,351,002
Other Assets 2,623,143 2,754,300 2,920,416
Worth 2,838,982 2,980,930 3,160,644
Sales 17,685,297 18,569,562 19,683,736
Long Term Liab 998,000 1,047,900 1,110,774
Net Profit (Loss) 584,077 613,280 650,077
Fiscal statement dated DEC 31 2000:
Cash $ 829,185 Accts Pay $ 2,845,063
Accts Rec 2,020,011 Bank Loans 1,012,830
Inventory 1,670,307 Notes Pay 445,200
Other Curr Assets 1,864,275 Other Curr Liabs 729,683
--------------- ---------------
Curr Assets 6,383,778 Curr Liabs 5,032,776
Fixt & Equip 2,212,435 L.T. Liab-Other 1,110,774
Other Assets 707,981 COMMON STOCK 50,000
RETAINED EARNINGS 3,110,644
--------------- ---------------
Total Assets 9,304,194 Total 9,304,194
From JAN 01 2000 to DEC 31 2000 annual sales
$19,683,736; cost of goods sold $15,837,499. Gross profit
$3,846,237; operating expenses $3,196,160. Operating income
$650,077. Net income $650,077.
Submitted MAY 18 2001 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--
. ...... BALANCE SHEET EXPLANATIONS ...... .
OTHER CURRENT ASSETS: Consist of prepaid expenses and a loan
receivable.
OTHER ASSETS: Consists of deposits.
BANK LOANS: Due to the bank at prime interest rate, are secured
by accounts receivable and inventory and will mature in 3 years.
NOTES PAYABLE: Due on printing equipment.
OTHER CURRENT LIABILITIES: Consist of accrued expenses and taxes.
LONG TERM DEBT: Consists of the long term portion of the
equipment note.
On June 24, 2002, Test Test, CEO, confirmed company name,
address, principals, annual sales and operational information using
Dun & Bradstreet's Internet-based update method (eUpdate) at
www.dnb.com.
===============================================================================
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.
-------------------------------------------------------------------------------
* * * JUDGMENT(S) * * *
-------------------------------------------------------------------------------
DOCKET NO.: 94CV321
JDGMT AWARD: $100 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: 03/14/2001
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: 02/28/2001
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: 03/12/2001
CAUSE: Breach of contract
WHERE FILED: KERN COUNTY MUNICIPAL COURT /
WEST DISTRICT, BAKERSFIELD, CA
-------------------------------------------------------------------------------
* * * 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.
-------------------------------------------------------------------------------
CASE NO.: IN5678
TYPE: State Tax STATUS: Open
FILED BY: State of Ca-Test match Code DATE STATUS ATTAINED: 12/14/2001
AGAINST: Gorman Manufacturing Company Inc DATE FILED: 12/14/2001
WHERE FILED: LOS ANGELES COUNTY RECORDER'S LATEST INFO RECEIVED: 12/14/2001
OFFICE, NORWALK, CA
-------------------------------------------------------------------------------
CASE NO.: inn1234
AMOUNT: $100 STATUS: Open
TYPE: State Tax DATE STATUS ATTAINED: 12/14/2001
FILED BY: State of CA- test Mtch Code DATE FILED: 12/14/2001
(unmatched 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.: IN1234
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
-------------------------------------------------------------------------------
CASE NO.: inn5678
TYPE: State Tax STATUS: Open
FILED BY: STATE OF CA- TET MTCH CODE (THRU DATE STATUS ATTAINED: 12/14/2001
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
-------------------------------------------------------------------------------
DOCKET NO.: test1
AMOUNT: $10 STATUS: Released
TYPE: County Tax DATE STATUS ATTAINED: 08/22/2001
FILED BY: Test Record DATE FILED: 06/07/2001
AGAINST: Groman Manufacturing Co Inc LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
NEW ORLEANS, LA
-------------------------------------------------------------------------------
DOCKET NO.: s0123
AMOUNT: $10 STATUS: Released
TYPE: State Tax DATE STATUS ATTAINED: 08/22/2001
FILED BY: test 3 DATE FILED: 06/07/2001
AGAINST: gorman manufacturing co inc LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
NEW ORLEANS, LA
-------------------------------------------------------------------------------
DOCKET NO.: 01-1111
AMOUNT: $10 STATUS: Released
TYPE: State Tax DATE STATUS ATTAINED: 08/22/2001
FILED BY: test 2 DATE FILED: 06/01/2001
AGAINST: Gorman Manufacturing co inc LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
NEW ORLEANS, LA
-------------------------------------------------------------------------------
BOOK/PAGE: 55/32
AMOUNT: $10 STATUS: Released
TYPE: County Tax DATE STATUS ATTAINED: 08/02/2001
FILED BY: test 4 DATE FILED: 06/01/2001
AGAINST: gorman manufacturing co inc LATEST INFO COLLECTED: 10/29/2001
WHERE FILED: ORLEANS PARISH DISTRICT COURT,
NEW ORLEANS, LA
-------------------------------------------------------------------------------
FILING NO.: 1145279
TYPE: State Tax STATUS: Open
FILED BY: arizona dept of revenue DATE STATUS ATTAINED: 10/30/2000
AGAINST: gorman manufacturing test DATE FILED: 10/30/2000
WHERE FILED: ORLEANS PARISH DISTRICT COURT, LATEST INFO RECEIVED: 06/22/2001
NEW ORLEANS, LA
-------------------------------------------------------------------------------
FILING NO.: 1143348
TYPE: State Tax STATUS: Open
FILED BY: az dept of economic security DATE STATUS ATTAINED: 10/24/2000
AGAINST: gorman manufacturing DATE FILED: 10/24/2000
WHERE FILED: ORLEANS PARISH DISTRICT COURT, LATEST INFO RECEIVED: 06/22/2001
NEW ORLEANS, LA
-------------------------------------------------------------------------------
* * * UCC FILING(S) * * *
-------------------------------------------------------------------------------
COLLATERAL: All Inventory including proceeds and products - All Account(s)
including proceeds and products - All Chattel paper including
proceeds and products - All General intangibles(s) including
proceeds and products - and OTHERS
FILING NO: 000730 DATE FILED: 07/31/2001
TYPE: Original LATEST INFO RECEIVED: 09/13/2001
SEC. PARTY: PEOPLE'S SAVINGS BANK OF FILED WITH: SECRETARY OF
BROCKTON, NEW BEDFORD, MA STATE/UCC DIVISION,
DEBTOR: TARSAGIAN VICTORIA S. RI
-------------------------------------------------------------------------------
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: 04/11/2001
SEC. PARTY: ABC COMPANY FILED WITH: SECRETARY OF
DEBTOR: GORMAN MANUFACTURING COMPANY, STATE/UCC DIVISION,
INC CA
-------------------------------------------------------------------------------
COLLATERAL: Equipment - Fixtures
FILING NO: 000758 DATE FILED: 08/01/2001
TYPE: Original LATEST INFO RECEIVED: 09/13/2001
SEC. PARTY: WELLS FARGO FINANCIAL, EAST FILED WITH: SECRETARY OF
PROVIDENCE, RI STATE/UCC DIVISION,
DEBTOR: REED ROBERT RI
-------------------------------------------------------------------------------
COLLATERAL: Specified Equipment and products
FILING NO: 222222 DATE FILED: 10/06/1998
TYPE: Original LATEST INFO RECEIVED: 04/11/2001
SEC. PARTY: XYZ COMPANY FILED WITH: SECRETARY OF
DEBTOR: GORMAN MANUFACTURING COMPANY, STATE/UCC DIVISION,
INC CA
-------------------------------------------------------------------------------
There are additional suits, liens, or judgments in D&B'S
file on this company available by contacting 1-800-234-3867.
The public record items contained in this report may have been
paid, terminated, vacated or released prior to the date this
report was printed.
===============================================================================
BANKING
(05-01) Balances average in a low 7 figure amount. At Dec 31
2000, a low 7 figure was outstanding under short-term lines of credit
which are secured by accounts receivable and inventory.
===============================================================================
HISTORY
06/24/02
LESLIE SMITH, PRESIDENT KEVIN J HUNT, SEC-TREAS
DIRECTOR(S): THE OFFICER(S) and Corporate details under
investigation.
----------------------------------------------------------------------
* * * 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: 05/21/1965
BUSINESS TYPE: CORPORATION
REGISTRATION ID #: testcase102
STATE OF ORGANIZATION (INCORPORATION): CALIFORNIA
DATE OF ORGANIZATION (INCORPORATION) : 05/21/1965
WHERE FILED: SECRETARY OF STATE/CORPORATIONS DIVISION, SACRAMENTO, CA
----------------------------------------------------------------------
COMMON STOCK:
AUTH SHARES - 200
----------------------------------------------------------------------
Corporate details under investigation.
Business started 1965 by Leslie Smith and Kevin J Hunt.
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. Operates as commercial printer. Intercompany
relations: None reported by management.
===============================================================================
OPERATION
06/24/02 Commercial printing specializing in advertising posters,
catalogs, circulars and coupons.
ADDITIONAL TELEPHONE NUMBER(S): Facsimile (Fax) 512 794-7670.
Terms are net 30 days. Has 200 account(s). Net 30 days. Sells to
commercial concerns.
Nonseasonal.
EMPLOYEES: 110 which includes partners. 100 employed here.
FACILITIES: Rents premises 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.
06-28(6XC /926) 99999 050081081 H
FULL DISPLAY COMPLETE