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: 08/29/2017
Last Update Date: 03/06/2017
Attention: Request Submitted by DnB Express

Executive Summary

Company Info

Year Started
1985
CEO
LESLIE SMITH, PRES
Employees
153
Employees Here
120 at this location
Working Capital
$2,286,332
Do not confuse with
other Gorman companies, this is a fictitious company used by D&B for demonstration purposes
Sales (Financial Statement)
$24,662,580
Net Worth (Financial Statement)
2,065,239
As of 12/31/2016

Predictive Analytics

Financial Stress Class

 
4
Financial Stress Class
 

The Financial Stress Class of 4 for this company shows that firms with this class had a failure rate of 0.84% (84 per 10,000).

Financial Stress Class
4
Financial Stress Score
1,397
Highest Risk
1,001
Lowest Risk
1,875

Credit Score Class

 
5
Credit Score Class
 

The Credit Score class of 5 for this company shows that 53.10% of firms with this classification paid one or more bills severely delinquent.

Credit Score Class
5
Credit Score
302
Highest Risk
101
Lowest Risk
670

D&B Viability Rating

D&B Viability Rating 2 7 A A
 
2

Viability Score

 
2
 
7

Portfolio Comparison

 
7
 
A

Data Depth Indicator

 
A
 
A

Company Profile

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

Supplier Evaluation Risk Rating

Risk Rating

 
6
Supplier Evaluation Risk Rating
 

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

 
46
Up to 24 month D&B PAYDEX
 

Up to 3 month D&B PAYDEX

 
46
Up to 3 month
D&B PAYDEX
 

Credit Limit Recommendation

Risk Category

 
Risk Category
 

Supplier Risk Data

Supplier Evaluation Risk Rating

 
6
Supplier Evaluation Risk Rating
 

Probability of Ceased Operations/Becoming Inactive

The probability of ceased operations/becoming inactive indicates what percent of U.S. businesses is expected to cease operations or become inactive over next 12 months.

Probability of Supplier Ceased Operations/Becoming Inactive
8.0%
Average Probability of Supplier Ceased Operations/Becoming Inactive
5.6%
% of US Businesses with SER Rating
11%

Supplier Risk Score Analysis

Key Commentary

The business has a Supplier Evaluation Risk (SER) Rating that shows:

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 16 experiences)
USD
Average High Credit
$95,937
Highest Credit
1,000,000
Total Highest Credit
1,535,000

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.
2
Viability Score
 
2
 

Compared to All US Businesses within D&B Database:

• Level of risk: Low Risk
• Businesses ranked 2 have a probability of becoming no longer viable: 2%
• Percentage of businesses ranked 2: 4%
• Across all US businesses, the average probability of becoming no longer viable: 14%

7
Portfolio Comparison
 
7
 

Compared to all Businesses within the same MODEL SEGMENT:

    Model Segment: Available Financial Data

• Level of risk: High to Moderate Risk
• Businesses ranked 7 within this model segment have a probability of becoming no longer viable: 1%
• Percentage of businesses ranked 7 within this model segment: 10%
• 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 03/06/2017

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.

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
State of Incorporation
CALIFORNIA
Status
ACTIVE
Where Filed
BUSINESS PROGRAMS DIVISION , SACRAMENTO , CA
Filing Date
04/01/2014
Registered Agent
C FESTA
123 MAIN STREET,
SAN FRANCISCO, CA 94110

Government Activity Summary

Activity Summary

Borrower
No
Administrative Debt
No
Grantee
No
Party Excluded from Federal Programs
No
Public Company
N/A
Contractor
No
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 03/06/2017
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:
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 Data

SIC

Code Description
27520000 Commercial printing, lithographic

NAICS

Code Description
323111 Commercial Printing (except Screen and Books)

Family Tree

Branches Domestic

(D-U-N-S®:03-873-2116)

       

Subsidiaries Global

KENTMORE CLOTHING (MANUFACTURING) PTY LTD;
(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 2014
USD
Fiscal Consolidated
Dec 31 2015
USD
Fiscal Consolidated
Dec 31 2016
USD
Curr Assets $10,084,060 $9,624,779 $11,284,644
Curr Liabs 8,157,897 6,928,698 8,998,312
Current Ratio 1.24 1.39 1.25
Working Capital 1,926,163 2,696,081 2,286,332
Other Assets 1,625,409 1,341,572 1,101,197
Worth 1,490,077 1,559,877 2,065,239
Sales 20,839,372 19,945,238 24,662,580
Long Term Liab 2,061,495 2,477,776 1,322,290
Net Profit (Loss) 157,228 179,974 189,127

Key Business Ratios (Based on 46 establishments)

This Business Industry Median Industry Quartile
Profitability
Return on Sales 0.8 2.8 4
Return on Net Worth 9.2 10.4 3
Short Term Solvency
Current Ratio 1.3 2.3 3
Quick Ratio 1.1 1.8 3
Efficiency
Assets Sales 50.2 51.0 2
Sales / Net Working Capital 10.8 7.7 2
Utilization
Total Liabs / Net Worth 499.7 75.3 4

As of 12/31/2016

Most Recent Financial Statement

Fiscal Consolidated statement dated DEC 31 2016:

Assets USD
  Cash $532,763
  Accts Rec 8,927,402
  Inventory 1,573,335
  Other Curr Assets 251,144
 
  Fixt & Equip 1,025,657
  Deposits 5,635
  Other Assets 69,905
Liabilities USD
  Accts Pay $6,275,432
  Accruals 5,656
  L.T. Liab-(1yr) 2,656,435
  Other Curr Liabs 60,789
 
  L.T. Liab-Other 1,322,290
  COMMON STOCK 50,000
  ADDIT. PD.-IN CAP 650,230
  NET WORTH 1,365,009

As of 03/06/2017

From JAN 01 2016 to DEC 31 2016 annual sales $24,662,580; cost of goods sold $19,965,222. Gross profit $4,697,358; operating expenses $3,695,832. Operating income $1,001,526; other expenses $641,590; net income before taxes $359,936; Federal income tax $170,809. Net income $189,127.

Statement Source
Statement received by mail APR 01 2016. 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 $92,569 depreciation.

On March 6, 2017, the financial information was updated for subject company.

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 1 01/01/2014
Suit 1 02/01/2014
UCC 2 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

Liens

Amount
$500
Status
Open
Where Filed
California Secretary Of State, Sacramento, CA
Filed By
BOARD OF EQUALIZATION - TEST CASE, SAN FRANCISCO, CA
against
GORMAN MANUFACTURING COMPANY INC - TEST CASE
Latest Info Received
04/07/2014
Type
State Tax
Status Attained
01/01/2014
Date Filed
01/01/2014
FILING NO.
14011411111

UCC Filings

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

 
5
Credit Score
Class
 
(High risk of severe payment delinquency over next 12 months.)

Incidence of Delinquent Payment

Among Companies with This Class
53.10%
Average Compared to All Businesses
10.20%
Credit Score Percentile
5
Credit Score
302
Number of Payment Experiences
16
Key Factors
  • Evidence of negative trade
  • Recent amount past due
  • Proportion of slow payment experiences to total number of payment experiences reported
  • Vendor payment commentary
  • Payment information indicates negative payment comments

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.
 5 
Region
(PACIFIC)
 50 
Industry
(MANUFACTURING)
 62 
Employee Range
(100-499)
 89 
Years in Business
(26+)
 85 
  • Higher risk than other companies in the same region.
  • Higher 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.

Financial Stress Score

Summary

Financial Stress Class

 
4
Financial Stress Class
 

Financial Stress Score Percentile

Financial Stress National Percentile
9
Financial Stress Score
1397
Probability of Failure with This Score
0.84%
Failure per 10K
84/10,000
Average Failure Rate within D&B database
0.48%
Failure per 10K
48/10,000
Number of Payment Experiences
16

Key Factors

  • Composite credit appraisal is rated limited.
  • Financial ratios indicate higher risk.
  • High proportion of slow payment experiences to total number of payment experiences.
  • Low proportion of satisfactory payment experiences to total payment experiences.
  • UCC Filings reported.
  • Unstable Paydex over last 12 months.

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.
 9 
Region
(Pacific)
 52 
Industry
(Manufacturing)
 52 
Employee Range
(100-499)
 75 
Years in Business
(26+)
 77 
  • Higher risk than other companies in the same region.
  • Higher 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

 
46
Up to 3 month
D&B PAYDEX
 

When weighted by dollar amount, payments to suppliers average 42 Days Beyond Terms. Based on payments collected over last 3 months.

Up to 24 month D&B PAYDEX

 
46
Up to 24 month D&B PAYDEX
 

When weighted by dollar amount, payments to suppliers average 42 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
down *
Payments Within Terms
35%
Average High Credit
$95,937
Total Payment Experiences for the HQ
16
Total Placed for Collection
0
Largest High Credit
$1,000,000
Highest Now Owing
$15,000
Highest Past Due
$15,000
* compared to payments three months ago

Credit Limit Recommendation

Risk Category

 
Risk Category
 
Recommendation Date
08/29/2017

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 78 79 79 79 74 74 75 75 75 76 76 79 78 76 76 75 75 75 75 68 55 55 43 46
 Industry Quartiles                                                
 Upper 79 79 79 79 79 79 79 79
 Median 74 74 74 74 74 72 74 74
 Lower 66 66 66 65 65 65 65 65

Note

  • Current PAYDEX® for this Business is 46, or equal to 42 days beyond terms.
  • The 24 month high paydex is 79.0, or equal to 2 DAYS BEYOND terms.
  • The 24 month low paydex is 43.0, or equal to 51 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 5% 2 $1,100,000
50,000-100,000 50% 3 230,000
15,000-49,999 42% 6 165,000
5,000-14,999 34% 5 40,000
1,000-4,999 0% 0 0
Under 1,000 0% 0 0

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

All Industries

Industries Total Received Total Amounts Largest High Credit Within
Terms (%)
Days Slow (%)
0-30 31-60 61-90 90+
Car body repair/paint 5 $1,205,000 $1,000,000 9 41 4 46 0
Ret misc vehicles 5 172,500 95,000 47 7 5 41 0
Real estate agent/mgr 5 132,500 50,000 49 19 8 24 0
Whol plumb/hydronics 1 25,000 25,000 0 0 100 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 Last Sale
within(months)
July 2017 Ppt-Slow 30 $50,000 $7,500 $750 1
Ppt-Slow 30 25,000 5,000 5,000 2-3
Ppt-Slow 60 100,000 15,000 15,000 1
Ppt-Slow 60 20,000 10,000 10,000 1
Ppt-Slow 90 95,000 5,000 5,000 1
Ppt-Slow 90 85,000 10,000 5,000 1
Ppt-Slow 90 40,000 10,000 7,500 1
Ppt-Slow 90 30,000 5,000 750 1
Ppt-Slow 90 25,000 5,000 5,000 1
Ppt-Slow 90 10,000 10,000 10,000 2-3
Ppt-Slow 90 10,000 2,500 1,000 1
Ppt-Slow 90 7,500 5,000 5,000 1
Slow 60 5,000 5,000 5,000 1
Slow 30-90 1,000,000 10,000 10,000 1
Slow 60-90 7,500 7,500 7,500 2-3
July 2016 Slow 60 25,000 0 0 6-12

Lines shown in red are 30 or more days beyond terms

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.

DISCLAIMER: THIS REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY FORM OR MANNER WHATSOEVER. This report, furnished pursuant to contract for the exclusive use of the subscriber as one factor to consider in connection with credit, insurance, marketing or other business decisions, contains information compiled from sources which D&B CANADA does not control and whose information, unless otherwise indicated in the report, has not been verified. In furnishing this report, D&B CANADA in no way assumes any part of the user's business risk, does not guarantee the accuracy, completeness, or timeliness of the information provided, and shall not be liable for any loss or injury whatever resulting from contingencies beyond its control or from negligence.