Business Information Report

Transcription

1 Business Information Report Print this Report Copyright 2009 Dun & Bradstreet - Provided under contract for the exclusive use of subscriber ATTN: Report Printed: JUN In Date BUSINESS SUMMARY GORMAN MANUFACTURING COMPANY, INC. 492 Koller Street San Francisco, CA 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: D-U-N-S Number: D&B Rating: Financial strength: Composite credit appraisal: 3A4 3A is $1 to 10 million. 4 is limited. Manager: LESLIE SMITH, PRES D&B PAYDEX : Year started: 1985 Employs: 144 (110 here) 12-Month D&B PAYDEX: 62 When weighted by dollar amount, payments to suppliers average 21 days beyond terms. Financial statement date: DEC Sales F: $28,646,009 Net worth F: $1,812,635 History: CLEAR Financial condition: FAIR SIC: 2752 Based on trade collected over last 12 months. Line of business: Lithographic commercial printing SUMMARY ANALYSIS D&B Rating: Financial strength: 3A4 Composite credit appraisal: 4 is limited. 3A indicates $1 to 10 million. 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:

2 D&B Rating Date Applied 3A4 03/20/08 The Summary Analysis section reflects information in D&B's file as of June 22, CUSTOMER SERVICE If you have questions about this report, please contact your local D&B office D & B, Inc. All rights reserved. This report is provided for your internal business use only and may not be reproduced or re-distributed in any manner whether mechanical or electronic without the permission of D&B. Whilst D&B attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt with in compiling the information and the fact that some of the data are supplied from sources not controlled by D&B which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, D&B does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors therein or omissions therefrom. HISTORY The following information was reported 01/12/2009: Officer(s): DIRECTOR(S): LESLIE SMITH, PRES KEVIN J HUNT, SEC-TREAS THE OFFICER(S) This is a Corporation formed in the State of California on May 21, 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 Graduated from the University of California, Los Angeles, CA, in June 1967 with a BS degree in Business Management General Manager for Raymor Printing Co, San Francisco, CA formed subject with Kevin J Hunt to present active as Principal in Gorman Affiliate Ltd, San Francisco, CA. KEVIN J HUNT born Graduated from Northwestern University, Evanston, IL in June was General Manager for Raymor Printing Co, San Francisco, CA formed subject with Leslie Smith 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 Operates as commercial printer. Intercompany relations: None reported by management. CORPORATE FAMILY Click below to buy a Business Information Report on that family member. Subsidiaries (US): Gorman Catalog Printing Inc San Francisco, CA DUNS # Gorman Poster Printing Inc San Francisco, CA DUNS # 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.

3 Registered Name: Gorman Manufacturing Company, Inc. Business type: CORPORATION Corporation type: PROFIT Date incorporated: MAY State of incorporation: CALIFORNIA Filing date: MAY Registration ID: testcase102 Common stock Authorized shares: 200 Par value: SECRETARY OF STATE/CORPORATIONS DIVISION, SACRAMENTO, CA OPERATIONS 01/12/2009 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: Facilities: Location: Branches: 144 which includes officer(s). 110 employed here. Occupies premises in a one story cinder block building. Central business section on well traveled street. 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 Operates as a poster printing company. Gorman Catalog Printing Inc, San Francisco, CA (100%) chartered Operates as a catalog printing company. SIC & NAICS 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. NAICS: Commercial Lithographic Printing 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 Commercial printing, lithographic D&B PAYDEX The D&B PAYDEX is a unique, dollar weighted indicator of payment performance based on up to 36 payment experiences as reported to D&B by trade references.

4 3-Month D&B PAYDEX: 73 When weighted by dollar amount, payments to suppliers average 11 days beyond terms. 12-Month D&B PAYDEX: 62 When weighted by dollar amount, payments to suppliers average 21 days beyond terms. Based on trade collected over last 3 months. Based on trade collected over last 12 months. When dollar amounts are not considered, then approximately 62% 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 < > (%) Top industries: Trucking non-local 2 50,000 40, Telephone communictns 2 36,000 35, Mfg prepared flour 1 20,000 20, Arrange cargo transpt 1 15,000 15, Mfg fluid milk 1 10,000 10, Mfg aluminum die cast 1 10,000 10, Truck rental/leasing 1 10,000 10, Whol industrial equip 1 7,500 7, Data processing svcs 1 7,500 7, Whol const/mine equip 1 7,500 7, OTHER INDUSTRIES 15 34,750 5, Other payment categories: Cash experiences 3 1, Payment record unknown Unfavorable comments 3 3,600 2,500 Placed for collections: With D&B 1 50 Other 2 N/A Total in D&B's file ,900 40,000 The highest Now Owes on file is $15,000 The highest Past Due on file is $10,000 D&B receives over 600 million payment experiences each year. We enter these new and updated experiences into D&B Reports as this information is received. PAYMENT DETAILS

5 Detailed Payment History Date Reported (mm/yy) Paying Record High Credit Now Owes Past Due Selling Terms Last Sale Within (months) 06/09 (001) mo??cash own option. (002) mo??cash own option. (003) mos??cash own option. 05/09 (004) 1,000 1,000 1,000??Unsatisfactory. 04/09 Ppt 10,000 7, mo 03/09 Ppt 40,000 7,500 0 Ppt-Slow 30 5,000 2, mo Ppt-Slow 60 35,000 7, mo 02/09 Ppt 7,500 5, mo Ppt-Slow 30 10,000 5,000 2,500 1 mo Ppt-Slow 60 1, mo 01/09 Ppt 5, mo 12/08 Ppt 20,000 15,000 0 Ppt 10, mo Ppt-Slow 10 2, Ppt-Slow 30 7,500 5, mo Slow 5 15,000 5, mo Slow 5 10,000 7,500 2,500 (019) 30,000 15,000 10,000??Placed for collection. 10/08 Ppt 2, mo 09/08 Ppt 1, N mos 08/08 Ppt 2, N30 1 mo 07/08 Ppt 1,000 1,000 0 N30 1 mo Ppt N mos (025) 2,500 2,500 2,500 N mos??bad debt. 06/08 Slow N30 1 mo 05/08 Ppt 2, mo Ppt 2,500 2,500 0 N30 1 mo Slow N mos (030) 1, N mos??placed for collection. 04/08 (031) 7, N mos??satisfactory. 03/08 Ppt 1,000 1,000 0 N mos 01/08 Ppt 5,000 1,000 0 N mos 11/07 Slow 120 2,500 1,000 1,000 N mos 09/07 (035) 50??Placed for collection. 07/07 (036) mos??credit refused.

6 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. FINANCE 01/12/2009 Three-year statement comparative: Fiscal Consolidated Dec Fiscal Consolidated Dec Fiscal Consolidated Dec Current Assets 10,220,470 11,046,076 9,707,835 Current Liabs 8,086,626 8,258,547 8,235,440 Current Ratio Working Capital 2,133,844 2,787,529 1,472,395 Other Assets 2,474,395 2,169,732 2,238,621 Net Worth 2,602,614 2,026,635 1,812,635 Sales 27,556,720 29,665,950 28,646,009 Long Term Liab 2,005,625 2,930,626 1,898,381 Net Profit (Loss) (1,049,619) (575,979) (214,000) Fiscal Consolidated statement dated DEC : Assets Liabilities Cash 936,042 Accts Pay 4,762,506 Accts Rec 4,938,064 Notes Pay 575,910 Inventory 3,320,716 L.T. Liab-(1yr) 1,891,557 Other Curr Assets 513,013 Other Curr Liabs 1,005,467 Curr Assets $9,707,835 Curr Liabs $8,235,440 Fixt & Equip 1,368,204 L.T. Liab-Other 1,898,381 Intangibles 47,306 COMMON STOCK 50,000 Other Assets 823,111 RETAINED EARNINGS 1,762,635 Total Assets $11,946,456 Total $11,946,456 From JAN to DEC annual sales $28,646,009; cost of goods sold $23,689,998. Gross profit $4,956,011; operating expenses $5,162,190. Operating income $(206,179); other income $18,803; net income before taxes $(187,376); Federal income tax $26,624. (net loss) $214,000. 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 $93,856 depreciation. On JAN Leslie Smith, Pres, submitted the above figures. KEY BUSINESS RATIOS

7 Statement date: DEC Based on this number of establishments: 10 Firm Industry Median Return of Sales: ( 0.7) Return of Sales: 5.2 Current Ratio: 1.2 Current Ratio: 1.9 Assets / Sales: 41.7 Assets / Sales: 47.6 Total Liability / Net Worth: Total Liability / Net Worth: 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 DOCKET.: Judgment type: In favor of: Unsatisfied nmjtest03 Judgment Gorman Mfg Test Case Test Plaintiff RECORDER OF DEEDS, RWALK, CA Date status attained: 01/01/2008 Date entered: 01/01/2008 Latest Info Received: 01/02/2008 DOCKET.: Judgment type: In favor of: Unsatisfied nmjtest05 Judgment Gorman Mfg (Test Case) Test Plaintiff RECORDER OF DEEDS, RWALK, CA Date status attained: 01/01/2008 Date entered: 01/01/2008 Latest Info Collected: 01/01/2008 DOCKET.: Judgment type: In favor of: Unsatisfied nmjtest01 Judgment Gorman Mfg Test Test Plaintiff RECORDER OF DEEDS, RWALK, CA Date status attained: 01/01/2008 Date entered: 01/01/2008 Latest Info Collected: 01/02/2008 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. Open CASE.: IY5678 State Tax Filed by: State of Ca- Test Mtch Code (force thru SO) Gorman Manufacturing Company, Inc LOS ANGELES COUNTY RECORDER'S OFFICE, RWALK, CA

8 Date status attained: 12/14/2001 Date filed: 12/14/2001 Latest Info Received: 12/14/2001 Amount: $100 Open CASE.: IY1234 State Tax Filed by: state of CA-test mtch code (forced thru SO) Gorman Manufacturing Company, Inc LOS ANGELES COUNTY RECORDER'S OFFICE, RWALK, CA Date status attained: 12/14/2001 Date filed: 12/14/2001 Latest Info Received: 12/14/2001 CASE.: Filed by: Open ian5678 State Tax STATE OF CA-TEST MTCH CODE GORMAN MANUFACTURING COMPANY, INC AND OTHERS LOS ANGELES COUNTY RECORDER'S OFFICE, RWALK, CA Date status attained: 12/14/2001 Date filed: 12/14/2001 Latest Info Received: 12/14/2001 Amount: $100 Open CASE.: IAN1234 State Tax Filed by: State of CA-test match Code Gorman Manufacturing Company, Inc LOS ANGELES COUNTY RECORDER'S OFFICE, RWALK, CA Date status attained: 12/14/2001 Date filed: 12/14/2001 Latest Info Received: 12/14/2001 UCC FILINGS Collateral: Leased Equipment Original Sec. party: RAYMOND LEASING CORPORATION, GREENE, NY Debtor: GORMAN MANUFACTURING COMPANY, INC Filing number: Filed with: SECRETARY OF STATE/UCC DIVISION, NASHVILLE, TN Date filed: 04/18/2006 Latest Info Received: 05/12/2006 Collateral: Leased Equipment Original Sec. party: RAYMOND LEASING CORPORATION, GREENE, NY Debtor: GORMAN MANUFACTURING COMPANY, INC. and OTHERS Filing number: Filed with: SECRETARY OF STATE/UCC DIVISION, SPRINGFIELD, IL Date filed: 03/30/2005 Latest Info Received: 04/07/2005 Collateral: Sec. party: Debtor: Leased Unspecified Original RAYMOND LEASING CORPORATION, GREENE, NY GORMAN MANUFACTURING COMPANY, INC and OTHERS

9 Filing number: Filed with: SECRETARY OF STATE/UCC DIVISION, AUSTIN, TX Date filed: 08/06/2004 Latest Info Received: 08/24/2004 Original Sec. party: REAST CAPITAL CORPORATION, ANNAPOLIS, MD Debtor: GORMAN MANUFACTURING Filing number: Filed with: UCC DIVISION, BALTIMORE, MD Date filed: 08/30/2004 Latest Info Received: 08/18/2008 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 Borrower (Dir/Guar): Administrative debt: Contractor: Grantee: Party excluded from federal program(s): Possible candidate for socio-economic program consideration Labor surplus area: Small Business: 8(A) firm: N/A N/A N/A The details provided in the Government Activity section are as reported to Dun & Bradstreet by the federal government and other sources. Copyright 2009 Dun & Bradstreet - Provided under contract for the exclusive use of subscriber