D&B Business Information Report: GORMAN MANUFACTURING COMPANY, INC.

History & Operations

Banking & Finance

Public Filings

Business Summary

About Business Summary

D&B's Credit Limit Recommendation D&B's industry and risk-based limit guidance

GORMAN MANUFACTURING COMPANY, INC.
492 Koller Street
San Francisco, CA 94110

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:

650 555-0000

Manager:

LESLIE SMITH, PRES

Year started:

1985

Employs:

152 (110 here)

Financial statement date:

DEC 31 2007

Sales F:

$29,665,950

Net worth F:

$2,026,635

History:

CLEAR

Financial condition:

FAIR

Jump to:

Finance Section

SIC:

2752

Jump to:

SIC & NAICS Section

Line of business:

Lithographic commercial printing

D-U-N-S Number:

80-473-5132

D&B Rating:

3A4

Financial strength:

3A is $1 to 10 million.

Composite credit appraisal:

4 is limited.

Jump to:

Summary Analysis Section

D&B PAYDEX®:

12-Month D&B PAYDEX: 46
When weighted by dollar amount, payments to suppliers average 42 days beyond terms.

Based on trade collected over last 12 months.

D&B PAYDEX Key

	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)

Jump to:

Payments Section

Special Events

About Special Events

03/19/2008

OTHER SPECIAL EVENT: As previously reported on Feb 4, 2008, Gorman Manufacturing announced that it will open a branch sales location in Santa Barbara, CA by the end of 2008.

Summary Analysis

About Summary Analysis

D&B Rating:

3A4

Financial strength:

3A indicates $1 to 10 million.

Composite credit appraisal:

4 is limited.

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:

D&B Rating	Date Applied
3A4	03/20/08

The Summary Analysis section reflects information in D&B's file as of May 12, 2008.

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

About History

The following information was reported 03/19/2008:

Officer(s):

LESLIE SMITH, PRES

KEVIN J HUNT, SEC-TREAS

DIRECTOR(S):

THE OFFICER(S)

This is a Corporation formed in the State of California 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.

Corporate Family

About Corporate Family

Click below to buy a Business Information Report on that family member.

Subsidiaries (US):
	Gorman Catalog Printing Inc	San Francisco, CA	DUNS # 05-963-3730
	Gorman Poster Printing Inc	San Francisco, CA	DUNS # 05-806-3731

Business Registration

About 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.

Registered Name:

Gorman Manufacturing Company, Inc.



Business type:	CORPORATION


Corporation type:	PROFIT


Date incorporated:	MAY 21 1985


State of incorporation:	CALIFORNIA


Filing date:	MAY 21 1985


Registration ID:	testcase102


Common stock

Authorized shares:	200

Par value:


Where filed:	SECRETARY OF STATE/CORPORATIONS DIVISION, SACRAMENTO, CA

Operations

About Operations


03/19/2008

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:	152 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 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 2003. Operates as a poster printing company.

	Gorman Catalog Printing Inc, San Francisco, CA (100%) chartered 2003. Operates as a catalog printing company.

SIC & NAICS

About 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.

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.

27520000

Commercial printing, lithographic

NAICS:

323110

Commercial Lithographic Printing

D&B PAYDEX

About D&B PAYDEX

The D&B PAYDEX is a unique, dollar weighted indicator of payment performance based on up to 72 payment experiences as reported to D&B by trade references.

3-Month D&B PAYDEX: 77
When weighted by dollar amount, payments to suppliers average 5 days beyond terms.

Based on trade collected over last 3 months.

12-Month D&B PAYDEX: 46
When weighted by dollar amount, payments to suppliers average 42 days beyond terms.

Based on trade collected over last 12 months.

When dollar amounts are not considered, then approximately 23% of the company's payments are within terms.

D&B PAYDEX Key:

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 Summary

About 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 <31 31-60 61-90 90> (%)

The highest Now Owes on file is $250,000

The highest Past Due on file is $200,000

The aggregate dollar amount of the 72 payment experiences in D&B's file equals 67.5% 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.

Payment Details

About Payment Details

Detailed Payment History

Date Reported (mm/yy)	Paying Record	High Credit ($)	Now Owes ($)	Past Due ($)	Selling Terms	Last Sale Within (months)

Payments Detail Key:

30 or more days beyond terms

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

About Finance

03/19/2008

Three-year statement comparative:

	Fiscal Consolidated Dec 31 2005	Fiscal Consolidated Dec 31 2006	Fiscal Consolidated Dec 31 2007

Current Assets	9,795,692	10,220,470	11,046,076
Current Liabs	6,343,540	8,086,626	8,258,547
Current Ratio	1.54	1.26	1.34
Working Capital	3,452,152	2,133,844	2,787,529
Other Assets	2,355,579	2,474,395	2,169,732
Net Worth	3,652,233	2,602,614	2,026,635
Sales	24,665,005	27,556,720	29,665,950
Long Term Liab	2,155,498	2,005,625	2,930,626
Net Profit (Loss)	90,073	(1,049,619)	(575,979)

Fiscal Consolidated statement dated DEC 31 2007:


Assets				Liabilities
	Cash		1,032,626		Accts Pay		4,116,119
	Accts Rec		5,436,724		Notes Pay		625,722
	Inventory		2,956,720		L.T. Liab-(1yr)		2,400,185
	Other Curr Assets		1,620,006		Other Curr Liabs		1,116,521
	Curr Assets	$11,046,076			Curr Liabs	$8,258,547
	Fixt & Equip		1,462,060		L.T. Liab-Other		2,930,626
	Intangibles		61,030		COMMON STOCK		50,000
	Other Assets		646,642		RETAINED EARNINGS		1,976,635
	Total Assets	$13,215,808			Total	$13,215,808

From JAN 01 2006 to DEC 31 2006 annual sales $29,665,950; cost of goods sold $24,622,805. Gross profit $5,043,145; operating expenses $5,550,620. Operating income $(507,475); other expenses $38,720; net income before taxes $(546,195); Federal income tax $29,784. (net loss) $575,979.

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 $765,620 depreciation.

On MAR 19 2008 Leslie Smith, Pres, submitted the above figures.

Understanding Financial Statements

Key Business Ratios

About Key Business Ratios

Statement date:	DEC 31 2007
Based on this number of establishments:	15

Firm		Industry Median
Return of Sales:	( 1.9)	Return of Sales:	2.6
Current Ratio:	1.3	Current Ratio:	1.4
Assets / Sales:	44.5	Assets / Sales:	57.6
Total Liability / Net Worth:	552.1	Total Liability / Net Worth:	275.6

Understanding Key Business Ratios

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

About Judgments

Suits

About Suits


If it is indicated that there are defendants other than the report subject, the lawsuit may be an action to clear title to property and does not necessarily imply a claim for money against the subject.

Liens

About 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.

UCC Filings

About UCC Filings

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

About Government Activity


Activity summary
	Borrower (Dir/Guar):	NO
	Administrative debt:	NO
	Contractor:	NO
	Grantee:	NO
	Party excluded from federal program(s):	NO

Possible candidate for socio-economic program consideration
	Labor surplus area:	N/A
	Small Business:	N/A
	8(A) firm:	N/A

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