COPYRIGHT 2015 DUN & BRADSTREET INC. - PROVIDED UNDER CONTRACT FOR THE EXCLUSIVE USE OF SUBSCRIBER 263-160341L. ATTN: Sample *IN DATE* Statement Date: DEC 31 2014 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, JUL 06 2015 RATING 3A4 INC. LITHOGRAPHIC STARTED 1985 492 KOLLER ST COMMERCIAL PRINTING SALES F $20,839,372 AND BRANCH(ES) OR DIVISION(S) SIC NO. WORTH F $1,490,077 SAN FRANCISCO CA 94110 27 52 EMPLOYS 125(110 HERE) TEL: 650 555-0000 HISTORY CLEAR FINANCING SECURED FINANCIAL CONDITION FAIR CHIEF EXECUTIVE: LESLIE SMITH, PRES =============================================================================== * * * 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 July 6, 2015. RATING SUMMARY . . . . The "3A" portion of the Rating (the Rating Classification) indicates that the company has a worth from $1 million to $10 million. The "4" on the right (Composite Credit Appraisal) indicates an overall "limited" credit appraisal. This credit appraisal 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 11/22/13: RATING DATE APPLIED ------ ------------ 3A4 11/22/13 =============================================================================== * * * 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 78. This PAYDEX score indicates that payments to suppliers average 3 days beyond terms, weighted by dollar amounts. When dollar amounts are not considered, approximately 81% 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 22 5,220,600 800,000 Payment By Industry: 1 Real estate agent/mgr 5 1,965,000 800,000 97 3 - - - 2 Ret misc vehicles 5 1,650,000 800,000 94 3 3 - - 3 Car body repair/paint 5 1,575,000 700,000 96 3 - 1 - 4 Misc computer service 4 600 250 96 - - 4 - 5 Mfg home furniture 1 15,000 15,000 100 - - - - 6 Adjust/collect svcs 1 10,000 10,000 100 - - - - 7 Flooring contractor 1 5,000 5,000 50 50 - - - Other Payment Categories: Cash experiences 0 0 0 Payment record unknown 0 0 0 Unfavorable comments 0 0 0 Placed for collection with D&B 0 0 other 0 N/A The highest "Now Owes" on file is $300,000 The highest "Past Due" on file is $200,000 The aggregate dollar amount of the 22 payment experiences in D&B's file equals 300.6% 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. =============================================================================== 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 06/15 Ppt 800000 70000 -0- 1 Mo Ppt 800000 100000 -0- 1 Mo Ppt 750000 200000 200000 1 Mo Ppt 700000 300000 -0- 1 Mo Ppt 500000 300000 -0- 1 Mo Ppt 400000 7500 -0- 1 Mo Ppt 300000 20000 -0- 1 Mo Ppt 250000 45000 -0- 1 Mo Ppt 250000 100000 -0- 1 Mo Ppt-Slow 30 100000 10000 -0- 1 Mo Ppt-Slow 30 100000 25000 -0- 1 Mo Ppt-Slow 30 100000 40000 -0- 1 Mo Ppt-Slow 60 100000 20000 -0- 1 Mo Ppt-Slow 90 25000 25000 -0- 1 Mo Ppt-Slow 90 15000 10000 -0- 1 Mo 04/14 Ppt 250 250 -0- 1 Mo Ppt 250 250 -0- 1 Mo Ppt 50 50 -0- 1 Mo Ppt-Slow 90 50 50 50 1 Mo 03/14 Ppt 10000 10000 10000 EOM 4-5 Mos Ppt-Slow 5000 5000 5000 N30 2-3 Mos 02/14 Ppt 15000 -0- -0- 1 Mo * 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 02/03/15 Fiscal Fiscal Fiscal Consolidated Consolidated Consolidated Dec 31 2012 Dec 31 2013 Dec 31 2014 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 Fiscal Consolidated statement dated DEC 31 2014: Cash $ 859,406 Accts Pay $ 5,045,308 Accts Rec 5,401,926 Notes Pay 357,279 Inventory 3,524,781 L.T. Liab-(1yr) 1,675,574 Other Curr Assets 297,947 Other Curr Liabs 1,079,736 --------------- --------------- Curr Assets 10,084,060 Curr Liabs 8,157,897 Fixt & Equip 1,255,503 L.T. Liab-Other 2,061,495 Other Assets 369,906 COMMON STOCK 50,000 RETAINED EARNINGS 1,440,077 --------------- --------------- Total Assets 11,709,469 Total 11,709,469 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 received by mail JAN 30 2015. Prepared from statement(s) by 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-- 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. =============================================================================== 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) * * * ------------------------------------------------------------------------------- FILING NO.: 123456 JDGMT AWARD: $700 STATUS: Unsatisfied JDGMT TYPE: Judgment DATE STATUS ATTAINED: 01/01/2014 AGAINST: GORMAN MANUFACTURING COMPANY DATE ENTERED: 01/01/2014 INC - TEST CASE LATEST INFO RECEIVED: 04/07/2014 IN FAVOR OF: ABC MANUFACTURING - TEST CASE WHERE FILED: Los Angeles, County Of, Norwalk CA ------------------------------------------------------------------------------- DOCKET NO.: nmjtest05 JDGMT AWARD: Other STATUS: Unsatisfied JDGMT TYPE: Judgment DATE STATUS ATTAINED: 01/01/2008 AGAINST: Gorman Mfg (Test Case) DATE ENTERED: 01/01/2008 IN FAVOR OF: Test Plaintiff LATEST INFO COLLECTED: 01/01/2008 WHERE FILED: RECORDER OF DEEDS, NORWALK, CA ------------------------------------------------------------------------------- DOCKET NO.: nmjtest01 JDGMT TYPE: Judgment STATUS: Unsatisfied AGAINST: Gorman Mfg Test DATE STATUS ATTAINED: 01/01/2008 IN FAVOR OF: Test Plaintiff DATE ENTERED: 01/01/2008 WHERE FILED: RECORDER OF DEEDS, NORWALK, CA LATEST INFO COLLECTED: 01/02/2008 ------------------------------------------------------------------------------- * * * SUIT(S) * * * ------------------------------------------------------------------------------- FILING NO.: 99999 SUIT AMOUNT: $750 STATUS: Pending PLAINTIFF: TEST CASE DATE STATUS ATTAINED: 02/01/2014 DEFENDANT: GORMAN MANUFACTURING INC - TEST DATE FILED: 02/01/2014 CASE LATEST INFO RECEIVED: 04/07/2014 WHERE FILED: Supreme Court Of The State Of Tennessee, Knoxville, TN ------------------------------------------------------------------------------- FILING NO.: CV123456 PLAINTIFF: Angel Mason-test STATUS: Pending DEFENDANT: GORMAN MANUFACTURING INC DATE STATUS ATTAINED: 01/01/2010 WHERE FILED: knox county general sessions, DATE FILED: 01/01/2010 Knoxville, TN LATEST INFO RECEIVED: 07/12/2010 ------------------------------------------------------------------------------- * * * UCC FILING(S) * * * ------------------------------------------------------------------------------- COLLATERAL: All Inventory including proceeds and products - All Fixtures including proceeds and products - All Equipment including proceeds and products FILING NO: 11111 DATE FILED: 01/01/2014 TYPE: Original LATEST INFO COLLECTED: 01/07/2014 SEC. PARTY: VAL MAGEE - TEST, ALLENTOWN, PA FILED WITH: SECRETARY OF DEBTOR: GORMAN MANUFACTURING COMPANY INC STATE/UCC DIVISION, - TEST CASE PA ------------------------------------------------------------------------------- FILING NO: 22222 DATE FILED: 02/01/2014 TYPE: Assignment LATEST INFO COLLECTED: 02/07/2014 SEC. PARTY: VAL MAGEE - TEST, ALLENTOWN, PA ORIG. UCC FILED: 01/01/2014 ASSIGNEE: NATIONAL BANK - TEST, ALLENTOWN, ORIG. FILING NO: 11111 PA FILED WITH: SECRETARY OF DEBTOR: GORMAN MANUFACTURING COMPANY INC STATE/UCC DIVISION, - TEST CASE PA ------------------------------------------------------------------------------- FILING NO: 33333 DATE FILED: 03/01/2014 TYPE: Termination LATEST INFO COLLECTED: 03/07/2014 SEC. PARTY: VAL MAGEE - TEST, ALLENTOWN, PA ORIG. UCC FILED: 01/01/2014 NATIONAL BANK - TEST, ALLENTOWN, ORIG. FILING NO: 11111 PA FILED WITH: SECRETARY OF DEBTOR: GORMAN MANUFACTURING COMPANY INC STATE/UCC DIVISION, - TEST CASE PA ------------------------------------------------------------------------------- COLLATERAL: Leased Equipment FILING NO: 306-121640 DATE FILED: 04/18/2006 TYPE: Original LATEST INFO RECEIVED: 05/12/2006 SEC. PARTY: RAYMOND LEASING CORPORATION, FILED WITH: SECRETARY OF GREENE, NY STATE/UCC DIVISION, DEBTOR: GORMAN MANUFACTURING COMPANY, TN INC On 12/29/10, Leslie Smith, President, GORMAN MANUFACTURING COMPANY, INC, stated that the financing statement was terminated. ------------------------------------------------------------------------------- COLLATERAL: Leased Equipment FILING NO: 009679812 DATE FILED: 03/30/2005 TYPE: Original LATEST INFO RECEIVED: 04/07/2005 SEC. PARTY: RAYMOND LEASING CORPORATION, FILED WITH: SECRETARY OF GREENE, NY STATE/UCC DIVISION, DEBTOR: GORMAN MANUFACTURING COMPANY, IL INC. and OTHERS ------------------------------------------------------------------------------- FILING NO: 77777 DATE FILED: 01/01/2014 TYPE: Original LATEST INFO RECEIVED: 05/02/2014 SEC. PARTY: VAL MAGEE - TEST, ALLENTOWN, PA FILED WITH: SECRETARY OF DEBTOR: GORMAN MANUFACTURING COMPANY INC STATE/UCC DIVISION, - TEST CASE LEHIGH, PA ------------------------------------------------------------------------------- FILING NO: 55555 DATE FILED: 01/01/2014 TYPE: Original LATEST INFO RECEIVED: 01/03/2014 SEC. PARTY: TEST CASE BUSINESS 1, DUBLIN, FILED WITH: SECRETARY OF IRELAND STATE/UCC DIVISION, DEBTOR: GORMAN MANUFACTURING COMPANY PA and OTHERS ------------------------------------------------------------------------------- The public record items contained in this report may have been paid, terminated, vacated or released prior to the date this report was printed. =============================================================================== HISTORY 02/03/15 LESLIE SMITH, PRES KEVIN J HUNT, SEC-TREAS DIRECTOR(S): THE OFFICER(S) 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. =============================================================================== OPERATION 02/03/15 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. 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 multiple subsidiaries, detailed subsidiary information is available in D&Bs linkage or family tree products. 07-06(397 /397) 99999 050120120 H FULL DISPLAY COMPLETE