GORMAN MANUFACTURING COMPANY, INC.

D-U-N-S®
80-473-5132
Headquarters
492 Koller St,
San Francisco, CA 94110
Phone
650 555-0000

COMPR

Purchase Date: 08/10/2015
Last Update Date: 02/03/2015
Attention: Arun

Executive Summary

Company Info

Year Started
1985
Employees
125
Employees Here
110 at this location
Working Capital
$1,926,163
Do not confuse with
other Gorman companies, this is a fictitious company used by D&B for demonstration purposes
Sales (Financial Statement)
$20,839,372
Net Worth (Financial Statement)
1,490,077
As of 12/31/2014

Predictive Analytics

Financial Stress Class

 
Financial Stress Class
3
 

The Financial Stress Class of 3 for this company shows that firms with this class had a failure rate of 0.24% (24 per 10,000).

Financial Stress Class
3
Financial Stress Score
1,501
Highest Risk
1,001
Lowest Risk
1,875

Credit Score Class

 
Credit Score Class
2
 

The Credit Score class of 2 for this company shows that 2.50% of firms with this classification paid one or more bills severely delinquent.

Credit Score Class
2
Credit Score
574
Highest Risk
101
Lowest Risk
670

D&B Viability Rating

D&B Viability Rating 1 4 A A
 
1

Viability Score

 
1
 
4

Portfolio Comparison

 
4
 
A

Data Depth Indicator

 
A
 
A

Company Profile

Financial Data Trade Payments Company SizeYears in Business
Available Available
(3+Trade)		 Large Established

D&B Rating

D&B Rating 3A4  
 

Financial Strength

 
3A
 
 
$1 to 10 million 
 

Composite Credit Appraisal

 
4
 

D&B PAYDEX®

Up to 24 month D&B PAYDEX

 
Up to 24 month D&B PAYDEX
78
 

Up to 3 month D&B PAYDEX

 
Up to 3 month
D&B PAYDEX
78
 

Credit Limit Recommendation

Risk Category

 
Risk Category
 
Conservative Credit Limit
$200,000
Aggressive Credit Limit
$400,000

Business Information

Business Summary

Branch & Division
YES
Financing
SECURED
Financial Condition
FAIR
SIC
2752
Lithographic commercial printing
NAICS
323111
Commercial Printing (except Screen and Books)
History Status
CLEAR

Credit Capacity Summary

D&B Rating 3A4  
 

Financial Strength

 
3A
 
 
$1 to 10 million 
 

Composite Credit Appraisal

 
4
 
Prior D&B Rating
3A4
Rating Date
11/22/2013
Payment Activity
(based on 22 experiences)		 USD
Average High Credit
$238,209
Highest Credit
800,000
Total Highest Credit
5,240,600

D&B Viability Rating

The 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 a company will no longer be in business within the next 12 months.
1
Viability Score
 
1
 

Compared 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%

4
Portfolio Comparison
 
4
 

Compared to all Businesses within the same MODEL SEGMENT:

    Model Segment: Available Financial Data

• Level of risk: Low Risk
• Businesses ranked 4 within this model segment have a probability of becoming no longer viable: 0.3%
• Percentage of businesses ranked 4 within this model segment: 13%
• Within this model segment, the average probability of becoming no longer viable: 0.6%

A
Data Depth Indicator
 
A
 

Data Depth Indicator Details:

 Rich Firmographics
 Extensive Commercial Trading Activity
 Comprehensive Financial Attributes

A
Company Profile
Financial Data Trade Payments Company SizeYears in Business
Available Available
(3+Trade)		 Large Established

Company Profile Details:

• Financial Data: Available
• Trade Payments: Available (3+Trade)
• Business Size: Large (Employees:50+ or Sales: $500K+)
• Years in Business: Established (5+)

Business History

Officers
LESLIE SMITH, PRES;
KEVIN J HUNT, SEC-TREAS
Directors
THE OFFICER(S)
As of 02/03/2015

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. 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.

Government Activity Summary

Activity Summary

Borrower
No
Administrative Debt
No
Grantee
No
Party Excluded from Federal Programs
No
Public Company
N/A
Contractor
Yes
Importer/Exporter
N/A

Possible candidate for socioeconomic program consideration

Labor Surplus Area
N/A
Small Business
N/A
Women Owned
N/A
Minority Owned
Yes

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

Operations Data

As of 02/03/2015
Description:
Engaged in commercial lithographic printing (100%).

Terms are Net 30 days. Has 240 account(s). Sells to commercial concerns. Territory : United States.

Nonseasonal.
Employees:
125 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.

Industry Data

SIC

Code Description
27520000 Commercial printing, lithographic

NAICS

Code Description
323111 Commercial Printing (except Screen and Books)

Family Tree

Branches Domestic

GORMAN MANUFACTURING COMPANY, INC.;
(D-U-N-S®:03-873-2116)
1073 S BOYLE AVE,
LOS ANGELES, CA 90023-1246

       

Subsidiaries Domestic

GORMAN POSTER PRINTING INC;
(D-U-N-S®:05-806-3731)
492 KOLLER STREET,
SAN FRANCISCO, CA 94110

       

Subsidiaries Global

KENTMORE CLOTHING
(D-U-N-S®:75-468-3795)
AKA: KENTMORE GOODFIT
55 MARLAND RD,
COLLINGWOOD, 2611,
AU

       

This list is limited to the first 25 branches, subsidiaries, divisions and affiliates, both domestic and international.

Financial Statements


Three Years Comparative Statement

Fiscal Consolidated
Dec 31 2012
USD 		Fiscal Consolidated
Dec 31 2013
USD 		Fiscal Consolidated
Dec 31 2014
USD
Curr Assets $8,049,217 $9,337,092 $10,084,060
Curr Liabs 6,826,918 7,897,572 8,157,897
Current Ratio 1.18 1.18 1.24
Working Capital 1,222,299 1,439,520 1,926,163
Other Assets 1,497,853 1,737,509 1,625,409
Worth 1,180,200 1,332,849 1,490,077
Sales 19,465,134 19,659,785 20,839,372
Long Term Liab 1,539,952 1,844,180 2,061,495
Net Profit (Loss) 197,281 152,649 157,228

Key Business Ratios (Based on 14 establishments)

This Business Industry Median Industry Quartile
Profitability
Return on Sales 0.8 3.3 4
Return on Net Worth 10.6 11.4 3
Short Term Solvency
Current Ratio 1.2 2.6 4
Quick Ratio 0.8 2.0 4
Efficiency
Assets Sales 56.2 57.0 2
Sales / Net Working Capital 10.8 6.7 2
Utilization
Total Liabs / Net Worth 685.8 49.1 4

As of 12/31/2014

Most Recent Financial Statement

Fiscal Consolidated statement dated DEC 31 2014:

Assets USD
Current Assets  
  Cash $859,406
  Accts Rec 5,401,926
  Inventory 3,524,781
  Other Curr Assets 297,947
Total Current Assets 10,084,060
 
Non Current Assets  
  Fixt & Equip 1,255,503
  Other Assets 369,906
Total Assets 11,709,469
   
Liabilities USD
Current Liabilities  
  Accts Pay $5,045,308
  Notes Pay 357,279
  L.T. Liab-(1yr) 1,675,574
  Other Curr Liabs 1,079,736
Total Current Liabilities 8,157,897
 
Non Current Liabilities
  L.T. Liab-Other 2,061,495
  COMMON STOCK 50,000
  RETAINED EARNINGS 1,440,077
Total Liabilities & Net Worth 11,709,469

As of 02/03/2015

From JAN 01 2014 to DEC 31 2014 annual sales $20,839,372; cost of goods sold $18,909,567. Gross profit $1,929,805; operating expenses $1,790,022. Operating income $139,783; other income $31,276; net income before taxes $171,059; Federal income tax $13,831. Net income $157,228.

Statement Source
Statement received by mail JAN 30 2015. 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 $85,312 depreciation.

As of February 3, 2015 attempts to contact management were unsuccessful. Outside sources confirmed operations and location.

Indicators

Public Filings Summary

The following data includes both open and closed filings found in D&B's database on this company

Record Type No. of Records Most Recent Filing Date
Judgment 3 01/01/2014
Lien 0  
Suit 2 02/01/2014
UCC 4 01/01/2014

Public Filings

Bankruptcy Judgment Lien Suit UCC

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.

Full Filings

Judgments

Award
$700
Status
Unsatisfied
against
GORMAN MANUFACTURING COMPANY INC - TEST CASE
Where Filed
Los Angeles, County Of, Norwalk, CA
In Favor of
ABC MANUFACTURING - TEST CASE
Latest Info Received
04/07/2014
Type
Judgment
Status Attained
01/01/2014
FILING NO.
123456
Date Filed
01/01/2014
Status
Unsatisfied
against
Gorman Mfg (Test Case)
Where Filed
RECORDER OF DEEDS, NORWALK, CA
In Favor of
Test Plaintiff
Type
Judgment
Status Attained
01/01/2008
DOCKET NO.
nmjtest05
Date Filed
01/01/2008
Collected Date
01/01/2008
Status
Unsatisfied
against
Gorman Mfg Test
Where Filed
RECORDER OF DEEDS, NORWALK, CA
In Favor of
Test Plaintiff
Type
Judgment
Status Attained
01/01/2008
DOCKET NO.
nmjtest01
Date Filed
01/01/2008
Collected Date
01/02/2008

Suits

Amount
$750
Status
Pending
Where Filed
Supreme Court Of The State Of Tennessee, Knoxville, TN
Plaintiff
TEST CASE
Defendant
GORMAN MANUFACTURING INC - TEST CASE
Latest Info Received
04/07/2014
FILING NO.
99999
Status Attained
02/01/2014
Date Filed
02/01/2014
Status
Pending
Where Filed
knox county general sessions, Knoxville, TN
Plaintiff
Angel Mason-test
Defendant
GORMAN MANUFACTURING INC
Latest Info Received
07/12/2010
FILING NO.
CV123456
Status Attained
01/01/2010
Date Filed
01/01/2010

UCC Filings

Collateral
Leased Equipment
Filing No.
306-121640
Where Filed
SECRETARY OF STATE/UCC DIVISION, NASHVILLE, TN
Secured Party
RAYMOND LEASING CORPORATION, GREENE, NY
Debtor
GORMAN MANUFACTURING COMPANY, INC
Latest Info Received
05/12/2006
Type
Original
Date Filed
04/18/2006
Collateral
Leased Equipment
Filing No.
009679812
Where Filed
SECRETARY OF STATE/UCC DIVISION, SPRINGFIELD, IL
Secured Party
RAYMOND LEASING CORPORATION, GREENE, NY
Debtor
GORMAN MANUFACTURING COMPANY, INC.
and OTHERS
Latest Info Received
04/07/2005
Type
Original
Date Filed
03/30/2005
Filing No.
77777
Where Filed
SECRETARY OF STATE/UCC DIVISION, HARRISBURG, PA
Secured Party
VAL MAGEE - TEST, ALLENTOWN, PA
Debtor
GORMAN MANUFACTURING COMPANY INC - TEST CASE
Latest Info Received
05/02/2014
Type
Original
Date Filed
01/01/2014
Filing No.
55555
Where Filed
SECRETARY OF STATE/UCC DIVISION, HARRISBURG, PA
Secured Party
TEST CASE BUSINESS 1
Debtor
GORMAN MANUFACTURING COMPANY
and OTHERS
Latest Info Received
01/03/2014
Type
Original
Date Filed
01/01/2014

The 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 Score

Summary

Credit Score Class

 
Credit Score
Class
2
 
(Moderate risk of severe payment delinquency over next 12 months.)

Incidence of Delinquent Payment

Among Companies with This Class
2.50%
Average Compared to All Businesses
10.20%
Credit Score Percentile
89
Credit Score
574
Number of Payment Experiences
22
Key Factors
  • Higher risk industry based on delinquency rates for this industry
  • Financial ratios
  • Evidence of open suits and judgments
  • Proportion of slow payments in recent months

Notes:

  • 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 firm will 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 value is 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 determining overall business performance.

Credit Score Percentile Norms Comparison

GORMAN MANUFACTURING COMPANY, INC.
 89 
Region
(PACIFIC)
 50 
Industry
(MANUFACTURING)
 62 
Employee Range
(100-499)
 89 
Years in Business
(26+)
 85 
  • Lower risk than other companies in the same region.
  • Lower risk than other companies in the same industry.
  • Similar risk compared to other companies in the same employee size range.
  • Lower risk than other companies with a comparable number of years in business.

Financial Stress Score

Summary

Financial Stress Class

 
Financial Stress Class
3
 

Financial Stress Score Percentile

Financial Stress National Percentile
63
Financial Stress Score
1501
Probability of Failure with This Score
0.24%
Failure per 10K
24/10,000
Average Failure Rate within D&B database
0.48%
Failure per 10K
48/10,000
Number of Payment Experiences
22

Key Factors

  • Composite credit appraisal is rated limited.
  • Low proportion of satisfactory payment experiences to total 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 the firm 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 on businesses 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 to determining overall business performance.

Financial Stress Percentile Comparison

GORMAN MANUFACTURING COMPANY, INC.
 63 
Region
(Pacific)
 52 
Industry
(Manufacturing)
 52 
Employee Range
(100-499)
 75 
Years in Business
(26+)
 77 
  • Lower risk than other companies in the same region.
  • Lower 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.



Advanced Paydex + CLR

D&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 PAYDEX

 
Up to 3 month
D&B PAYDEX
78
 

When weighted by dollar amount, payments to suppliers average 3 Days Beyond Terms. Based on payments collected over last 3 months.

Up to 24 month D&B PAYDEX
 
Up to 24 month D&B PAYDEX
78
 

When weighted by dollar amount, payments to suppliers average 3 days beyond terms. Based on payments collected up to 24 months.

When weighted by dollar amount, the industry average is 9 DAYS BEYOND terms.
  • High risk of late payment (average 30 to 120 days beyond terms)
  • Medium risk of late payment (average 30 days or less beyond terms)
  • Low risk of late payment (average prompt to 30+ days sooner)
Payment Trend
unchanged *
Payments Within Terms
82%
Average High Credit
$238,209
Total Payment Experiences for the HQ
22
Total Placed for Collection
0
Largest High Credit
$800,000
Highest Now Owing
$400,000
Highest Past Due
$200,000
* compared to payments three months ago

Credit Limit Recommendation

Risk Category

 
Risk Category
 
Recommendation Date
08/10/2015
Conservative Credit Limit
$200,000
Aggressive Credit Limit
$400,000

Key Factor

Risk is assessed using D&B's scoring methodology and is one factor used to create the recommended limits

PAYDEX Yearly Trend

Shows 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 Business 64 64 64 75 75 75 75 77 80 80 80 80 80 79 79 79 79 79 79 79 78 78 78 78
 Industry Quartiles                                                
 Upper 80 80 79 79 79 79 79 79
 Median 77 78 75 74 74 74 75 74
 Lower 68 71 67 66 66 66 66 63

Note

  • Current PAYDEX® for this Business is 78, or equal to 3 days beyond terms.
  • The 24 month high paydex is 80.0, or equal to GENERALLY WITHIN terms.
  • The 24 month low paydex is 64.0, or equal to 19 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 Habits

Credit Extended % of Payments Within Terms No. of Payment
Experiences 		Total Amount
USD
Over $100,000 96% 13 $5,150,000
50,000-100,000 0% 0 0
15,000-49,999 60% 3 75,000
5,000-14,999 83% 2 15,000
1,000-4,999 0% 0 0
Under 1,000 96% 4 600

Based on up to 24 months of payments

Payment Summary

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

There are 22 payment experiences in D&B's file, with 15 experiences reported during the last three month period.
The highest Now Owes on file is $400,000.  The highest Past Due on file is $200,000.

All Industries

Industries Total Received Total Amounts Largest High Credit Within
Terms (%)		 Days Slow (%)
0-30 31-60 61-90 90+
Real estate agent/mgr 5 $1,965,000 $800,000 97 3 0 0 0
Ret misc vehicles 5 1,650,000 800,000 94 3 3 0 0
Car body repair/paint 5 1,595,000 700,000 95 5 0 0 0
Misc computer service 4 600 250 96 0 0 4 0
Mfg home furniture 1 15,000 15,000 100 0 0 0 0
Adjust/collect svcs 1 10,000 10,000 100 0 0 0 0
Flooring contractor 1 5,000 5,000 50 50 0 0 0

Other Payment Categories

Category Total Received Total Dollar Amounts Largest High Credit
Cash experiences 0 $0 $0
Payment record unknown 0 0 0
Unfavorable comments 0 0 0
Placed for Collection 0 0 0

Detailed Payment History

Date Reported Paying Record High Credit Now Owes Past Due Selling Terms Last Sale
within(months)
July 2015 Ppt $800,000 $100,000 $0 N/A 1
Ppt 800,000 100,000 0 N/A 1
Ppt 750,000 200,000 200,000 N/A 2-3
Ppt 700,000 300,000 0 N/A 1
Ppt 500,000 400,000 0 N/A 1
Ppt 400,000 7,500 0 N/A 1
Ppt 300,000 20,000 0 N/A 1
Ppt 250,000 50,000 0 N/A 1
Ppt 250,000 100,000 0 N/A 1
Ppt-Slow 30 100,000 7,500 0 N/A 1
Ppt-Slow 30 100,000 30,000 0 N/A 1
Ppt-Slow 30 100,000 50,000 0 N/A 1
Ppt-Slow 30 45,000 15,000 15,000 N/A 2-3
Ppt-Slow 60 100,000 15,000 0 N/A 1
Ppt-Slow 90 15,000 7,500 0 N/A 1
April 2014 Ppt 250 250 0 N/A 1
Ppt 250 250 0 N/A 1
Ppt 50 50 0 N/A 1
Ppt-Slow 90 50 50 50 N/A 1
March 2014 Ppt 10,000 10,000 10,000 E.O.M 4-5
Ppt-Slow 5,000 5,000 5,000 N30 2-3
February 2014 Ppt 15,000 0 0 N/A 1

Lines shown in red are 30 or more days beyond terms

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