Transcription
2020/7/13D&B Report MarkupGORMAN MANUFACTURING COMPANY, INC.COMPRD-U-N-S Purchase Date: 07/12/2020Last Update Date: 06/16/2020Attention: edward80-473-5132Headquarters492 Koller St,San Francisco, CA 94110Phone650 555-0000Executive SummaryCompany InfoD&B RatingYear Started1985CEOLESLIE SMITH, PRESEmployees153Employees Here120 at this locationWorking Capital 6,366,121Do not confuse withother Gormancompanies, this is afictitious company usedby D&B fordemonstration purposesSales (Financial Statement) 32,698,577Net Worth (Financial Statement)4,110,1813A4D&B RatingFinancial Strength3A 1 to 10 millionComposite Credit Appraisal4As of 12/31/2019Predictive AnalyticsFinancial Stress ClassFinancial StressClassThe Financial StressClass of 3 for thiscompany shows thatfirms with this classhad a failure rate of0.24% (24 per10,000).3D&B PAYDEX Up to 24 month D&B PAYDEXFinancial Stress Class3Financial Stress Score1,470Highest Risk1,001Lowest Risk1,875Up to 24 monthD&B PAYDEX68Credit Score Class5Up to 3 month D&B PAYDEXThe Credit Scoreclass of 5 for thiscompany shows that53.10% of firms withthis classification paidone or more billsseverely delinquent.Credit ScoreClassUp to 3 monthD&B PAYDEXCredit Score Class675Credit Score430Highest Risk101Lowest Risk670Credit Limit RecommendationRisk CategoryD&B Viability RatingRiskCategory1D&B Viability Rating3AAConservative Credit LimitViability Score11Aggressive Credit Limit 85,000 200,000Portfolio Comparison33Data Depth IndicatorAACompany ProfileFinancial Data Trade Payments Company Size Years in BusinessAAvailableAvailable(3 /DisplayReport?ticketKey 202007135007350077 &reportstage 0&reference Sample1/8
2020/7/13D&B Report MarkupBusiness InformationBusiness SummaryCredit Capacity SummaryFinancingSECUREDFinancial ConditionFAIRSIC2752Lithographic commercialprintingNAICS3A4D&B RatingPrior D&B RatingFinancial Strength3A323111Commercial Printing(except Screen andBooks)History StatusRating DateCLEARPayment Activity(based on 19experiences)Average High Credit 1 to 10 millionHighest CreditComposite Credit AppraisalTotal Highest Credit3A411/22/2013USD 10,00025,000180,0504D&B Viability RatingThe D&B Viability Rating uses D&B's proprietary analytics to compare the most predictive business risk indicators and deliver a highly reliable assessment of the probability that acompany will no longer be in business within the next 12 months.1Viability Score1Compared to All US Businesses within D&B Database: Level of risk: Low Risk Businesses ranked 1 have a probability of becoming no longer viable: 0.2% Percentage of businesses ranked 1: 0.3% Across all US businesses, the average probability of becoming no longer viable: 14%3Portfolio Comparison3Compared to all Businesses within the same MODEL SEGMENT:Model Segment: Available Financial Data Level of risk: Low Risk Businesses ranked 3 within this model segment have a probability of becoming no longer viable: 0.2% Percentage of businesses ranked 3 within this model segment: 15% Within this model segment, the average probability of becoming no longer viable: 0.6%AData Depth IndicatorAData Depth Indicator Details:Rich FirmographicsExtensive Commercial Trading ActivityComprehensive Financial AttributesFinancial Data Trade Payments Company Size Years in BusinessCompany ProfileAAvailableAvailable(3 Trade)LargeEstablishedCompany Profile Details: Financial Data: Available Trade Payments: Available (3 Trade) Business Size: Large (Employees:50 or Sales: 500K ) Years in Business: Established (5 )Business HistoryOfficersLESLIE SMITH, PRES;KEVIN J HUNT, SEC-TREASDirectorsTHE OFFICER(S)As of rt?ticketKey 202007135007350077 &reportstage 0&reference Sample2/8
2020/7/13D&B Report MarkupThe California Secretary of State's business registrations file showed that Gorman Manufacturing Company, Inc. was registered as a Corporation 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 forRaymor 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. 1985formed 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 RegistrationCORPORATE AND BUSINESS REGISTRATIONS REPORTED BY THE SECRETARY OF STATE OR OTHER OFFICIAL SOURCE AS OF Jul 03 2020:This data is for informational purposes only, certification can only be obtained through the Sacramento Office of the California Secretary of State.Registered NameGORMANMANUFACTURINGCOMPANY, INC.Registration IDC0806110StatusSUSPENDEDBusiness TypeCORPORATIONWhere FiledCorporation TypePROFITBUSINESS PROGRAMSDIVISION , SACRAMENTO, CAIncorporated Date01/03/1977State of IncorporationCALIFORNIAFiling Date01/03/1977Registered AgentPrincipalsNameTitleDENNIS LGORMANCHIEF EXECUTIVEOFFICER228 HAYS ST, WOODLAND, 956950000, CADENNIS L GORMAN1324 E BEAMER,WOODLAND, CA956950000Government Activity SummaryActivity SummaryPossible candidate for socioeconomic program considerationBorrowerNoLabor Surplus AreaN/AAdministrative DebtNoSmall BusinessN/AGranteeNoWomen OwnedN/AParty Excluded fromFederal ProgramsNoMinority OwnedN/APublic CompanyN/AContractorNoImporter/ExporterN/AThe details provided in the Government Activity section are as reported to Dun & Bradstreet by the federal government and other sources.Operations DataAs of 06/16/2020Description:Engaged in commercial lithographic printing (100%).Terms are Net 30 days. Has 240 account(s). Sells to commercial concerns. Territory : United States.Nonseasonal.Employees:153 which includes officer(s). 120 employed here.Facilities:Occupies premises in a one story cinder block building.Location:Central business section on well traveled street.Industry Commercial printing, lithographic323111Commercial Printing (except Screen and Books)Family TreeSubsidiaries GlobalKENTMORE CLOTHING(MANUFACTURING) PTYLTD;(D-U-N-S :75-468-3795)AKA: KENTMORECLOTHING222 Collingwood Rd,MELBOURNE, 2611,AUThis list is limited to the first 25 branches, subsidiaries, divisions and affiliates, both domestic and international.Financial StatementsThree Years Comparative StatementCurr AssetsCurr LiabsCurrent RatioKey Business Ratios (Based on 36 establishments)FiscalConsolidatedDec 31 2017USDFiscalConsolidatedDec 31 2018USDFiscalConsolidatedDec 31 2019USD 11,264,427 12,893,374 ilityReturn on port?ticketKey 202007135007350077 &reportstage 0&reference Sample3/8
2020/7/13D&B Report MarkupFiscalConsolidatedDec 31 2017USDFiscalConsolidatedDec 31 2018USDFiscalConsolidatedDec 31 2019USDWorking Capital1,368,6333,724,8956,366,121Other Assets2,689,0912,004,1112,307,502Return on Net WorthWorth3,497,8453,518,9474,110,181Short Term rtile77.66.6124,662,58022,589,95732,698,577Current Ratio1.61.62Long Term Liab559,8792,210,0594,563,442Quick Ratio1.11.02Net Profit 5.16.93373.678.04Assets SalesSales / Net Working CapitalUtilizationTotal Liabs / Net WorthAs of 12/31/2019Most Recent Financial StatementFiscal Consolidated statement dated DEC 31 2019:AssetsUSDCurrent AssetsLiabilitiesUSDCurrent LiabilitiesCash 4,564,200Accts PayAccts Rec7,360,218AccrualsInventory5,234,790L.T. Liab-(1yr)Total Current Assets17,159,208Non Current Assets 5,986,0231,956,9882,850,076Total Current Liabilities10,793,087Non Current LiabilitiesFixt & Equip2,007,502Deposits300,000Total Assets19,466,710L.T. Liab-Other4,563,442COMMON STOCK50,000ADDIT. PD.-IN CAP785,206RETAINED EARNINGS2,565,432NET WORTH709,543Total Liabilities & Net Worth19,466,710As of 06/16/2020From JAN 01 2019 to DEC 31 2019 annual sales 32,698,577; cost of goods sold 19,912,578. Gross profit 12,785,999; operating expenses 9,987,431. Operating income 2,798,568; other income 895,329; net income before taxes 3,693,897; Federal income tax 504,159. Net income 3,189,738.Statement SourcePrepared from statement(s) by Accountant: Johnson, Jordan & Jones CPAs.Accountant's OpinionA 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 500,763 depreciation.On June 16, 2020 the financial information was updated.IndicatorsPublic Filings SummaryPublic FilingsThe following data includes both open and closed filings found in D&B's database on this companyRecord TypeNo. of RecordsMost Recent Filing 01/2014BankruptcyJudgmentLienSuitUCCThe 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.Full FilingsJudgmentsAward 700Latest Info instGORMAN MANUFACTURING COMPANY INC - TEST CASEStatus Attained01/01/2014Where FiledLos Angeles, County Of, Norwalk, CAFILING NO.123456In Favor ofABC MANUFACTURING - TEST CASEDate Filed01/01/2014Amount 750Latest Info Received04/07/2014StatusPendingFILING NO.99999Where FiledSupreme Court Of The State Of Tennessee, Knoxville, TNStatus Attained02/01/2014PlaintiffTEST CASEDate isplayReport?ticketKey 202007135007350077 &reportstage 0&reference Sample4/8
2020/7/13D&B Report MarkupDefendantGORMAN MANUFACTURING INC - TEST CASEUCC FilingsFiling No.77777Latest Info Received05/03/2014Where FiledSECRETARY OF STATE/UCC DIVISION, HARRISBURG, PATypeOriginalSecured PartyVAL MAGEE - TEST, ALLENTOWN, PADate Filed01/01/2014DebtorGORMAN MANUFACTURING COMPANY INC - TEST CASEFiling No.55555Latest Info Received01/03/2014Where FiledSECRETARY OF STATE/UCC DIVISION, HARRISBURG, PATypeOriginalSecured PartyTEST CASE BUSINESS 1Date Filed01/01/2014DebtorGORMAN MANUFACTURING COMPANYand OTHERSThe public record items contained in this report may have been paid, terminated, vacated or released prior to the date this report was printed.Commercial Credit ScoreSummaryIncidence of Delinquent PaymentCredit Score Class5Credit ScoreClassAmong Companies with This Class53.10%Average Compared to All Businesses10.20%Credit Score Percentile9Credit Score430Number of Payment Experiences19(High risk of severe payment delinquency over next12 months.)Key FactorsProportion of past due balances to total amount owingProportion of slow payments in recent monthsHigher risk industry based on delinquency rates for this industryIncrease in proportion of delinquent payments in recent payment experiencesTotal Liabilities to Net Worth influencing the scoreEvidence of open suits and judgmentsNotes:The Credit Score Class indicates that this firm shares some of the same business and payment characteristics of other companies with this classification. It does not mean the firmwill necessarily experience delinquency.The Incidence of Delinquent Payment is the percentage of companies with this classification that were reported 91 days past due or more by creditors. The calculation of this valueis based on D&B's trade payment database.The Credit Score Percentile reflects the relative ranking of a firm among all scorable companies in D&B's file.The Credit 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 determiningoverall business performance.Credit Score Percentile Norms ComparisonGORMANMANUFACTURINGCOMPANY, INC.Region(PACIFIC)Industry(MANUFACTURING)Employee Range(100-499)Years in Business(26 )Higher risk than other companies in the same region.9Higher risk than other companies in the same industry.50Higher risk than other companies in the same employee size range.62Higher risk than other companies with a comparable number of years inbusiness.8985Financial Stress cketKey 202007135007350077 &reportstage 0&reference Sample5/8
2020/7/13D&B Report MarkupSummaryFinancial Stress Score PercentileFinancial Stress National PercentileFinancial Stress ClassFinancial StressClass44Financial Stress Score31470Probability of Failure with This Score0.24%Failure per 10K24/10,000Average Failure Rate within D&B database0.48%Failure per 10K48/10,000Number of Payment Experiences19Key FactorsComposite credit appraisal is rated limited.High proportion of past due balances to total amount owing.Low proportion of satisfactory payment experiences to total payment experiences.High proportion of slow payment experiences to total number of payment experiences.UCC Filings reported.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 thefirm will necessarily experience financial stress.The probability of failure shows the percentage of firms in a given percentile that discontinue operations with loss to creditors. The average probability of failure is based onbusinesses in D&B's database 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 todetermining overall business performance.Financial Stress Percentile ComparisonHigher risk than other companies in the same region.GORMANMANUFACTURINGCOMPANY, INC.44Higher risk than other companies in the same 2Employee Range(100-499)Higher risk than other companies in the same employee size range.Higher risk than other companies with a comparable number of years inbusiness.75Years in Business(26 )77Advanced Paydex CLRD&B PAYDEX Shows the D&B PAYDEX scores as calculated up to 3 months and up to 24 months of payment experiences.Up to 3 month D&B PAYDEXUp to 3 monthD&B PAYDEXUp to 24 month D&B PAYDEXHigh risk of late payment (average 30 to 120 daysbeyond terms)67Up to 24 monthD&B PAYDEXWhen weighted by dollar amount, payments tosuppliers average 18 Days Beyond Terms. Based onpayments collected over last 3 months.Medium risk of late payment (average 30 days orless beyond terms)68Low risk of late payment (average prompt to 30 days sooner)When weighted by dollar amount, payments tosuppliers average 17 days beyond terms. Based onpayments collected up to 24 months.When weighted by dollar amount, the industryaverage is 6 DAYS BEYOND terms.Payment TrendPayments Within TermsAverage High Creditunchanged *79% 10,000Total Payment Experiences for theHQTotal Placed for CollectionLargest High Credit19Highest Now OwingHighest Past Due 15,000 5,0000 25,000* compared to payments three months agoCredit Limit RecommendationRisk CategoryRecommendation DateConservative Credit LimitAggressive Credit Limit07/12/2020 85,000 ticketKey 202007135007350077 &reportstage 0&reference Sample6/8
2020/7/13D&B Report MarkupKey FactorRiskCategoryRisk is assessed using D&B's scoring methodology and is one factor used to createthe recommended limitsPAYDEX Yearly TrendShows PAYDEX scores of this Business compared to the Primary Industry from each of the last four quarters.The Primary Industry is Lithographic commercial printing, based on SIC code 2752.This Business70 72 70 70 69 72 73 68 65 65 64 64 63 62 68 69 68 68 70 69 68 68 68 767676777676Lower6767696768686768NoteCurrent PAYDEX for this Business is 68, or equal to 17 days beyond terms.The 24 month high paydex is 73.0, or equal to 11 DAYS BEYOND terms.The 24 month low paydex is 62.0, or equal to 21 DAYS BEYOND terms.Industry upper quartile represents the performance of the payers in the 75th percentile.Industry lower quartile represents the performance of the payers in the 25th percentile.Payment HabitsCredit Extended% of Payments Within TermsNo. of PaymentExperiencesTotal AmountUSD 0Over r 1,0000%00Based on up to 24 months of paymentsPayment SummaryThe Payment Summary section reflects payment information in D&B's file as of the date of this report.There are 19 payment experiences in D&B's file, with 16 experiences reported during the last three month period.The highest Now Owes on file is 15,000. The highest Past Due on file is 5,000.All IndustriesDays Slow (%)TotalReceivedTotal AmountsLargest High CreditWithinTerms (%)0-3031-6061-9090 Car body repair/paint5 52,500 15,00072014140Ret misc vehicles550,00015,00075100150Real estate 25,0006436000IndustriesOther Payment CategoriesCategoryTotal ReceivedTotal Dollar AmountsLargest High CreditCash experiences1 50 50Payment record unknown000Unfavorable comments000Placed for eport?ticketKey 202007135007350077 &reportstage 0&reference Sample7/8
2020/7/13D&B Report MarkupDetailed Payment HistoryHigh CreditNow OwesPast DueSelling TermsLast Salewithin(months)Ppt 10,000 10,000 N/A1Ppt-Slow 3015,0005,0001,000N/A1Ppt-Slow 3010,0005,0002,500N/A1Ppt-Slow 6015,0007,5002,500N/A1Ppt-Slow 9015,0007,5002,500N/A1Ppt-Slow 9015,0005,0002,500N/A1Ppt-Slow 9015,0002,5002,500N/A15000Cash 15,0005,000N/ADate ReportedPaying RecordMay 2020(016)October 2019February 2019Ppt-Slow 30Lines shown in red are 30 or more days beyond termsEach experience shown is from a separate supplier. Updated trade experiences replace those previously reported.END OF icketKey 202007135007350077 &reportstage 0&reference Sample8/8
The California Secretary of State's business registrations file showed that Gorman Manufacturing Company, Inc. was registered as a Corporation 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.
