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Dun & Bradstreet Private Company Insight

Company Overview


BRANCH/HEADQUARTERS INDICATOR
H
DUNS NUMBER INQUIRY
804735132
DATE PRINTED
2006-10-10
Section 1

PRIMARY NAME
GORMAN MANUFACTURING COMPANY, INC
ADDRESS-1
492 Koller Street
CITY
San Francisco
STATE
CA
ZIP
94110
COUNTRY CODE
US
AND-BRCH-DIV
Y
LINE OF BUSINESS
Commercial printing
TELEPHONE NUMBER
650 555-0000
SECTION 2

FINANCIAL STATEMENT COMMENT
Financial information from a fiscal consolidated statement dated 12/31/05 is included.
SALES
24665005
SALES TYPE
F
WORTH
3652233
WORTH TYPE
F
EMPLOYEES
125
EMPLOYEES HERE
100
HISTORY
CLEAR
FINANCIAL CONDITION
FAIR
PRESENT MANAGEMENT CONTROL
21 years
SALES EFFECTIVE DATE
2005-12
SALES PERIOD DESCRIPTION
fiscal year ending
SALES COMPARISON
Up by 4.7%
NET WORTH EFFECTIVE DATE
2005-12
NET WORTH PERIOD DESCRIPTION
fiscal year ending
NET WORTH COMPARISON
Up by 1.1%
OPERATIONS
profitable
FINANCIAL STATEMENT DATE
12/31/05
YEAR STARTED
1985
YEAR NEW CONTROL
1985
SECTION 3
HISTORY SECTION TEXT 1 GROUP:
Business started 1985 by Leslie Smith and Kevin J Hunt. 100% of capital stock is owned by officers.
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 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 principal in Gorman Affiliate Ltd, San Francisco, CA.
SECTION 4
OFFICER NAMES GROUP:
  • LESLIE SMITH, PRES
  • KEVIN J HUNT, SEC-TREAS
DIRECTOR NAMES
DIRECTOR(S): THE OFFICER(S)
SECTION 5
OPERATIONS TEXT GROUP:
Operates as commercial printing specializing in advertising posters, catalogs, circulars and coupons. Posters and catalogs are printed through the subsidiaries.
Terms are net 30 days. Has 250 account(s). Sells to commercial concerns. Territory : United States.
SIC8 GROUP:

SIC8: 27520000
SIC8 DESCRIPTION: Commercial printing, lithographic
NAICS CODE: 323110
NAICS DESCRIPTION: Commercial Lithographic Printing

Finance


STATEMENT DATE INFORMATION
Fiscal Consolidated statement dated DEC 31 2005:
SECTION 1

FINANCE STATEMENT - CURRENT ASSETS GROUP:

CURRENT ASSETS DESCRIPTION CURRENT ASSETS AMOUNT
Cash 770562
Accts Rec 3279556
Inventory 2645002
Other Curr Assets 3100572

FINANCE TOTAL ASSETS AMOUNT: 9795692


FINANCE STATEMENT - NON CURRENT ASSETS GROUP:

NON CURRENT ASSETS DESCRIPTION NON CURRENT ASSETS AMOUNT
Fixt & Equip 1765229
Intangibles 85125
Other Assets 505225

FINANCE TOTAL ASSETS AMOUNT: 12151271


SECTION 2

FINANCE STATEMENT - CURRENT LIABILITIES GROUP:

CURRENT LIABILITIES DESCRIPTION CURRENT LIABILITIES AMOUNT
Accts Pay 3798477
Bank Loans 1015249
Notes Pay 744269
Other Curr Liabs 785545



FINANCE STATEMENT - NON CURRENT LIABILITIES GROUP:

NON CURRENT LIABILITIES DESCRIPTION NON CURRENT LIABILITIES AMOUNT
L.T. Liab-Other 2155498
COMMON STOCK 50000
NET WORTH 3602233

FINANCE TOTAL CURRENT LIABILITIES AMOUNT 6343540

FINANCE TOTAL LIABILITIES AMOUNT 12151271


FINANCE PROFIT & LOSS AND RECONCILIATION INFORMATION
From JAN 01 2005 to DEC 31 2005 annual sales $24,665,005; cost of goods sold $19,895,547. Gross profit $4,769,458; operating expenses $4,525,663. Operating income $243,795; other income $27,412; other expenses $68,882; net income before taxes $202,325; Federal income tax $112,252. Net income $90,073. Retained earnings at start $3,512,160. Net income $90,073; retained earnings at end $3,602,233.
FINANCE SOURCE OF FIGURES INFORMATION
Prepared from statement(s) by Accountant: Johnson, Jordan & Jones CPAs.
STATEMENT 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.
SECTION 3

FINANCE STMT COMPARATIVE GROUP:
Fiscal
Consolidated
Dec 31 2003
 Fiscal
Consolidated
Dec 31 2004
 Fiscal
Consolidated
Dec 31 2005
Curr Assets 7723160 9354374 9795692
Curr Liabs 5748717 6524027 6343540
Current Ratio 1.34 1.43 1.54
Working Capital 1974443 2830347 3452152
Other Assets 2654953 2419042 2355579
Worth 3486291 3562160 3652233
Sales 24235532 23554189 24665005
Long Term Liab 1143105 1687229 2155498
Net Profit (Loss) 39095 25869 90073

SECTION 4

STATEMENT DATE
2005-12-31
NUMBER OF ESTABLISHMENTS
12
RETURN OF SALES- FIRM
0.4
CURRENT RATIOS - FIRM
1.5
ASSETS TO SALES - FIRM
49.3
TOTAL LIABILITIES/NET WORTH - FIRM
232.7
RETURN OF SALES- MEDIAN
5.4
CURRENT RATIOS - MEDIAN
1.9
ASSETS TO SALES - MEDIAN
60.8
TOTAL LIABILITIES/NET WORTH - MEDIAN
134.9
RETURN ON NETWORTH - FIRM
2.5
QUICK RATIO - FIRM
0.6
SALES TO NET WORKING CAPITAL - FIRM
7.1
RETURN ON NETWORTH - INDUSTRY MEDIAN
18.3
QUICK RATIO - INDUSTRY MEDIAN
1.0
SALES TO NET WORKING CAPITAL - INDUSTRY MEDIAN
7.1
RETURN ON SALES - QUARTILE
4
CURRENT RATIOS - QUARTILE
3
ASSETS TO SALES - QUARTILE
2
TOTAL LIABILITIES/NET WORTH - QUARTILE
3
RETURN ON NETWORTH - QUARTILE
4
QUICK RATIO - QUARTILE
3
SALES TO NET WORKING CAPITAL - QUARTILE
2
SECTION 5

OPERATING RESULTS
Operating results are an indication of a business' performance. It indicates the amount of sales or revenue generated during a particular period of time, the operating expenses associated with those revenues, and the net profit or losses. Industry percentages below represent averages

ACTUAL PERFORMANCE vs INDUSTRY PEERS

FISCAL 051231 FISCAL 041231
THIS CO % CHANGE PRIOR YEAR SUBJ THIS CO SUBJ
NET SALES 24665005 4.72 100.00 23554189 100.00
GROSS PROFIT 4769458 7.43 19.34 4439602 18.85
NET PROFIT AFTER TAX 90073 248.19 0.37 25869 0.11
DIVIDENDS/WITHDRAWALS 0 0 0 0 0
WORKING CAPITAL 3452152 21.97 14.00 2830347 12.02
RETURN ON SALES:

RETURN YEAR: 2005

INDUSTRY UPPER QUARTILE RETURN ON SALES: 13.5
INDUSTRY MEDIAN QUARTILE RETURN ON SALES: 5.4
INDUSTRY LOWER QUARTILE RETURN ON SALES: 2.5

RETURN YEAR: 2004

INDUSTRY UPPER QUARTILE RETURN ON SALES: 4.7
INDUSTRY MEDIAN QUARTILE RETURN ON SALES: 3.2
INDUSTRY LOWER QUARTILE RETURN ON SALES: 0.0

RETURN YEAR: 2003

INDUSTRY UPPER QUARTILE RETURN ON SALES: 4.7
INDUSTRY MEDIAN QUARTILE RETURN ON SALES: 1.2
INDUSTRY LOWER QUARTILE RETURN ON SALES: 0.3

REGION OF THE BUSINESS
(PACIFIC)

FAMILY TREE OVERVIEW


SECTION 1

HISTORY

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.
SECTION 2

SUB-SECTION 1

CREDIT SCORE COMMENTS

  • 36% of trade experiences indicate slow payment(s) are present.
  • Payment experiences exist for this firm which are greater than 60 days past due.
  • Payment information indicates negative payment comments.
  • Control age or date entered in D&B files indicates lower risk.
  • Evidence of open lien(s) in the D&B database.
  • Financial condition is FAIR or UNBALANCED.
  • D&B files indicate a net worth for this firm of $3,652,233.
  • Quick ratio is 0.6.
SUB-SECTION 2

BORROWER
NO
ADMN-DEBT
NO
CONTRACTOR
YES
GRANTEE
NO
PEFP
YES

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